China says a third of electricity will come from renewables by 2025
China will aim to ensure that its grids source about 33% of power from renewable sources by 2025, up from 28.8% in 2020, the state planning agency said on Wednesday Continue Reading
China’s exports suffer reversal of fortune as world shakes off Covid lockdowns
In 2020 and 2021, when the coronavirus pandemic forced much of the world’s population to spend more time at home, Chinese exports of laptops recorded double-digit percentage growth. The boom Continue Reading
Covid-weary Americans enter Memorial Day with little effort to contain a still-raging pandemic
For the third year, Americans are greeting the unofficial start of summer shadowed by the specter of the coronavirus amid rising covid-19 cases and hospitalizations across the country. The United States is Continue Reading
China to halve purchase tax for small-engine cars
China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by Continue Reading
Decline in China’s factory activity slows as COVID curbs ease
China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns Continue Reading
China announces detailed stimulus measures to support virus-hit economy
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement Continue Reading
Shanghai moves toward ending 2-month COVID-19 lockdown
Shanghai authorities say they will take some major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown that has throttled the national economy and largely bottled up Continue Reading
China’s Economic Downturn Shows Signs of Easing
Economic activity in China declined for a third straight month in May, though at a slower pace than in April, according to surveys of businesses and factories. But while the Continue Reading
As China’s Private Developers Retreat, State-Backed Rivals Gain Ground
A nearly yearlong shakeout in China’s housing market is throwing up some clear winners: state-owned developers. As former industry leaders from China Evergrande Group to Sunac China default on their Continue Reading
Some in Beijing back to work, Shanghai inches closer to ending COVID lockdown
Streets in Beijing were busier on Monday as residents in two districts were allowed to return to work, while Shanghai inched closer towards lifting its two-month-old COVID-19 lockdown from Wednesday, Continue Reading
Shanghai Lockdowns Slam Japanese Automakers’ Production in China
Japan’s top three automakers saw their output in China slashed by double digits in April, highlighting the toll Shanghai’s lockdown is taking on manufacturers operating in the world’s biggest car-producing Continue Reading
China falls short on big Pacific deal but finds smaller wins
China fell short Monday on a bold plan to have 10 Pacific nations endorse a sweeping new agreement covering everything from security to fisheries as some in the region expressed Continue Reading
Shanghai to lift ‘unreasonable’ curbs on firms, Beijing eases restrictions
Shanghai said on Sunday “unreasonable” curbs on businesses will be removed from June 1 as it looks to lift its COVID-19 lockdown, while Beijing reopened parts of its public transport Continue Reading
Covid-weary Americans enter Memorial Day with little effort to contain a still-raging pandemic
For the third year, Americans are greeting the unofficial start of summer shadowed by the specter of the coronavirus amid rising covid-19 cases and hospitalizations across the country. The United States is Continue Reading
Shanghai lockdown: Residents demand release, and some get it |
On a balmy Sunday night, residents of an upscale Shanghai compound took to the streets to decry lockdown restrictions imposed by their community. By the following morning, they were free Continue Reading
China’s LNG imports set for first big decline as demand wanes
China’s imports of liquefied natural gas (LNG) are on track to post their first major decline this year, as high prices and weak manufacturing due to COVID-19 lockdowns crimp demand Continue Reading
Russia Sends Record Volumes Of Oil To India, China
India and China have stepped up purchases and are importing record volumes of Russian crude. some Chinese state giants haven’t ramped up imports of spot cargoes from Russia despite steep Continue Reading
How Will China’s Covid Containment Policy Affect Emerging Markets?
China’s strict Covid-19 containment strategy is suppressing the country’s consumer demand and manufacturing output. The economic slowdown caused by this containment strategy poses a challenge for emerging economies that export Continue Reading
China’s Top Oil Trader Hires More Tankers to Ship Russian Crude
China’s oil trading giant Unipec has significantly increased the number of hired tankers to ship a key crude from eastern Russia. China International United Petroleum & Chemical Co., better known Continue Reading
CHINA DATA: May crude throughput to fall from two-year low on weak demand, maintenance
Highlights Utilizations only rise in low-risk regions like Sichuan Refining margin up on cheap feedstock, but domestic sales slow More export quotas to ease stock pressure China’s crude throughput is Continue Reading
China Economy Worse Off in Some Ways Than 2020, Premier Says
China’s economy is in some respects faring worse than in 2020 when the pandemic first emerged, Premier Li Keqiang said, urging efforts to reduce a soaring unemployment rate. “Economic indicators Continue Reading
China’s Economic Recovery Faces New Hurdle in Rising Power Costs
China’s Central Bank, Regulator Urge Banks to Boost Lending Bloomberg News Two of China’s biggest provinces are raising power rates for factories amid increased environmental scrutiny and higher fuel costs, Continue Reading
China Coal Expansions Threaten Higher Methane Levels Worldwide
China’s plans for 169 new and expanded coal projects could boost global methane emissions from mines that produce the dirtiest fossil fuel by 10% and jeopardize its own short-term climate Continue Reading
Rare Ship-to-Ship Transfers Keep Oil Moving From Russia to China
A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of Continue Reading
China Growth Target in Tatters as Covid Zero Hammers Economy
China’s commitment to Covid Zero means it’s all but certain to miss its economic growth target by a large margin for the first time ever. Economists’ median forecast for gross Continue Reading
Pfizer warns of ‘constant waves’ of Covid as complacency grows
Growing complacency about Covid-19 and politicisation of the pandemic response will cost lives as the world is hit by new waves of the virus in the coming months, Pfizer’s chief Continue Reading
Tesla Quarantining Thousands of Workers to Restore China Output
Tesla Inc. is isolating thousands of workers in disused factories and an old military camp in China to ensure they’re Covid-19 free, part of a large-scale plan by the electric-car Continue Reading
China’s bet on homegrown mRNA vaccines holds back nation
China is trying to navigate its biggest coronavirus outbreak without a tool it could have adopted many months ago, the kind of vaccines that have proven to offer the best Continue Reading
Curbs Tighten in Beijing, Key Port City: China Lockdown Tracker
Health workers at a hospital across a residential area under lockdown due to Covid-19 in Beijing on May 22. Beijing and Tianjin continue to ramp up Covid restrictions as cases Continue Reading
Biden vows to defend Taiwan militarily if invaded by China
President Biden opened the second chapter of his Asia tour Monday with several moves — some choreographed, others apparently not — signaling a more confrontational approach to China in matters Continue Reading
Discounted Russian crudes entice China independents, no rush on SPR purchases
Highlights Independent refineries attracted by heavily discounted Urals Prices are still above Beijing’s expectations to replenish SPRs Run rates at independent refiners recover as margins improve Hefty discounts on Russian Continue Reading
China Spends Far More Than Others to Help Favored Industries, Report Finds
China’s state spending on industrial subsidies is much higher than in seven other major economies analyzed in the report. China spends much more in helping favored industries with state-directed funds, Continue Reading
Record Food Costs Throw Spotlight on How China Will Feed Itself
A sign encouraging people not to waste food at a restaurant in Handan, China, in 2020.Source: AFP/Getty Images China has been long obsessed with finding ways to ensure there is Continue Reading
CHINA DATA: Jan-Apr key product exports slump 51.7% on year to 8.6 mil mt
Highlights Gasoil and gasoline exports both lower on tight export quotas Jet exports at 2-year high as companies focus quotas Only 4.41 million mt export quota available until new allocation Continue Reading
China Covid Cases Trending Down But Lockdown Threat Remains
China’s Covid caseload is easing, though the threat of lockdowns remains as more infections are found in key cities and the country continues to have zero tolerance for any outbreaks. Continue Reading
China Aviation Sector Lost $12.5 Billion in 2021 on Shut Border
China’s aviation industry lost a combined 84.3 billion yuan ($12.5 billion) last year, as the country kept its borders closed to keep out Covid-19. A rebound in domestic travel to Continue Reading
China To Offload 2 Million Barrels of Iranian Crude Despite Sanctions
After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of Iranian oil, Reuters reports , Continue Reading
Latest Covid-19 Wave Expands to More of U.S.
“We’ve got to do what we can to prevent infections,” said Ashish Jha, the White House Covid-19 response coordinator. “We’ve got to do what we can to ensure that infections Continue Reading
Goldman Cuts China’s Growth Forecast to 4% on Covid Policy
Goldman Sachs Group Inc. cut its economic growth forecast for China for this year to 4% as the government doubles down on a Covid Zero policy that’s forced major cities Continue Reading
North Korea Receives Aid From China as Covid Outbreak Spreads
North Korea, battling its first major Covid-19 outbreak, has reached out for help to its closest ally, China, while ignoring offers of vaccines from South Korea. Three North Korean cargo Continue Reading
China diverts anti-poverty funds to Covid testing as crisis deepens
China’s cash-strapped local governments have been forced to divert funds from poverty alleviation and infrastructure to finance mass coronavirus testing as President Xi Jinping’s zero-Covid policy causes growing financial strains. Continue Reading
How China Is Attempting To Control Middle East Oil Chokepoints
The geographical location of Oman makes it one of the most strategically important countries in the world when it comes to energy and trade. China, notably through its relationship with Continue Reading
China’s Economic Distress Deepens as Lockdowns Drag On
China’s economy descended deeper into a Covid-19-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged downturn. Consumer spending and factory output tumbled in Continue Reading
CHINA DATA: April crude throughput hits two-year low of 12.66 mil b/d
China’s crude throughput slumped 10.5% year on year to a two-year low of 12.66 million b/d, or 51.81 million mt in April, as COVID-19 resurgence hurt oil demand, the National Continue Reading
N.Korea mobilises army, steps up tracing amid COVID wave
North Korea has mobilized its military to distribute COVID medications and deployed more than 10,000 health workers to help trace potential patients, as it fights a sweeping coronavirus wave, state Continue Reading
Climate Change Threatens China With Yet Another Deadly Flood Season
As China’s rainy season starts, National Climate Center forecasts show that flooding in the north and south of the country could be as bad as last summer when torrential rain Continue Reading
Yen, Supply Chain Chaos Send Japan Manufacturers Home
Japanese manufacturers are increasingly looking to move offshore operations to their home market, according to a Tokyo Steel Manufacturing Co. executive. The rapidly weakening yen that boosts the competitiveness of Continue Reading
China’s thermal coal futures mute as Beijing reins in commodity inflation
Trade in China’s thermal coal futures has almost come to a halt after Beijing stepped up its control of coal prices to rein in the soaring costs of energy and Continue Reading
China’s April oil refinery output plunges to 2-year low as COVID curbs bite
China processed 11% less crude oil in April than a year earlier, with daily throughput falling to the lowest since March 2020 as refiners slashed operations on weaker demand due Continue Reading
China’s April coal output leaps 11% on year, but demand downturn looms
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensure security of the country’s energy supply, Continue Reading