Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China’s economy, and for the return of Continue Reading
For evidence of just how tight Shanghai’s lockdown has been, consider this: not a single car was sold in the city last month. The majority of the city’s 25 million Continue Reading
China’s economic activity contracted sharply in April as a wave of lockdowns across the country posed the most significant challenge to its growth prospects since Covid-19 emerged more than two Continue Reading
Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict COVID-19 lockdown, while Beijing battles Continue Reading
North Korean leader Kim Jong Un said on Saturday that the spread of COVID-19 had thrust his country into “great turmoil” and called for an all-out battle to overcome the Continue Reading
Doctors in the United States are prioritizing only the most critical patients and hospitals are rationing supplies of a crucial drug after a covid lockdown in China temporarily closed a GE Healthcare Continue Reading
China’s crude throughput is set to reach a two-year low in April as state and independent refiners have slashed runs because of the latest COVID-19 resurgence that has hurt the Continue Reading
When the United States brought world leaders together last year to discuss how to end the pandemic, President Biden emphasized the historic scale of the problem. “This is an all-hands-on-deck crisis,” Continue Reading
North Korea imposed a nationwide lockdown Thursday to control its first acknowledged COVID-19 outbreak after holding for more than two years to a widely doubted claim of a perfect record-keeping Continue Reading
China’s lockdowns could cost the company between $4 billion and $8 billion in lost sales. For decades, the world has depended on China as a massive factory floor and market. Continue Reading
Low throughputs generate high feedstock inventory ZPC, Hengli cut throughputs by 21.8% on month Feedstock consumption at Shandong’s independent refineries continued to fall and hit a 26-month low in April Continue Reading
The head of the World Health Organization said on Tuesday China’s zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by Continue Reading
Tesla Inc (TSLA.O) has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, Continue Reading
If Xi Jinping was hoping for an uneventful and stable 2022 before his planned “re-election” this fall, he must be disappointed. In January I wrote that “China’s economic future isn’t Continue Reading
Shanghai officials said on Wednesday that half the city had achieved “zero COVID” status, but uncompromising restrictions had to remain in place under a national policy that the head of Continue Reading
A United Nations Weibo post on the World Health Organization chief’s comments that China’s zero-tolerance COVID-19 policy is not sustainable was removed from the Chinese social media platform on Wednesday Continue Reading
China’s crude oil imports in January-April fell 4.8% year on year despite inflows rising 6.6% to 10.51 million b/d in April as a recovery from the previous lows in March Continue Reading
A survey showed U.S. firms in China are lowering revenue projections amid Beijing’s stringent Covid Zero strategy. Enda Curran reports. China is tightening pandemic restrictions in Shanghai and expanding a Continue Reading
China car sales plunged the most in two years in April as Covid-19 lockdowns in the auto industry hubs of Shanghai and Jilin province smashed production and kept buyers out Continue Reading
Teams in white protective suits are entering the homes of coronavirus-infected people to spray disinfectant as Shanghai tries to root out an omicron outbreak under China’s strict “zero-COVID” strategy. City Continue Reading
Authorities in Shanghai have again tightened anti-virus restrictions, just as the city was emerging from a month of strict lockdown due to a COVID-19 outbreak. Notices issued in several districts Continue Reading
Jan-Apr imports down 1% on year to 28.36 mil mt Crush margins negative on poor hog margins China’s soybean imports in April fell 8.5% year on year to 8.08 million Continue Reading
Exports at 4.9 mil mt, down from estimated 6 mil-7 mil mt Logistics hurdles to weigh on buyers’ enthusiasm China’s finished steel exports rose 0.7% on the month to 4.977 Continue Reading
April imports estimated at 650,000 bpd – Vortexa Q1 Iran exports average 840,000 bpd, almost all to China – Kpler Independent refiners face shrinking margins Displaced Russian Urals crude heading Continue Reading
China’s two biggest cities tightened COVID-19 curbs on their residents on Monday, raising new frustration and even questions about the legality of its uncompromising battle with the virus. As authorities Continue Reading
If Shanghai Communist Party chief Li Qiang has been politically bruised by the city’s struggle to tame a COVID-19 outbreak that has infuriated residents and caused severe economic damage, there Continue Reading
Chinese imports from Russia surged to a record in April, likely due to soaring global energy prices, while exports fell to the lowest level since the early months of the Continue Reading
For weeks, Beijing has teetered on the edge of a hard, Covid-induced lockdown. For the most part, citizens are unruffled, confident that the restrictions that have paralyzed Shanghai for six Continue Reading
The director of the CIA said that Chinese President Xi Jinping has been “unsettled” by the war in Ukraine, which had demonstrated that the friendship between Beijing and Moscow had Continue Reading
China’s lockdowns to contain Covid have snarled operations at the world’s largest port in Shanghai and stalled activity in major cities, affecting the supply chains of businesses from Tesla Inc. Continue Reading
Shanghai authorities were tightening the city-wide COVID lockdown they imposed more than a month ago, prolonging into late May an ordeal that China’s capital Beijing was desperate to avoid by Continue Reading
China is setting up thousands of permanent PCR testing stations, with 9,000 already completed in Shanghai alone, as authorities seek to “normalise” tough pandemic controls even after the current round Continue Reading
Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion. Several Continue Reading
The number of people who died as a result of the coronavirus pandemic by the end of last year may be nearly three times higher than thought, according to estimates Continue Reading
Almost three times as many people have died as a result of COVID-19 as official data show, according to a new World Health Organization (WHO) report, the most comprehensive look Continue Reading
Highlights China’s manufacturing activity further contracts in April Overseas demand for Chinese manufactured goods shrinks More easing expected in infrastructure, property sectors Steel demand from China’s manufacturing sector is expected Continue Reading
PetroChina said it plans to boost its exploration and production efforts. Bloomberg News PetroChina Co. isn’t seeking any discounted Russian oil and gas and is only purchasing fuel from the Continue Reading
Xi Jinping has reaffirmed his commitment to China’s controversial zero-Covid strategy, warning against “any slackening” in the effort and vowing to crack down on criticism of the policy despite signs Continue Reading
On a sweltering afternoon in this southern Chinese city, a young woman sat at a stand of giveaways aimed at convincing some of the city’s remaining unvaccinated residents to get Continue Reading
Hong Kong’s retail sales plummeted 13.8% in March, the first back-to-back contraction in more than a year as stringent virus restrictions weighed heavily on the economy and crushed consumer spending. Continue Reading
Activity in China’s services sector fell in April to its weakest level since the early days of the pandemic, according to one indicator, as lockdowns aimed at containing Covid-19 shut Continue Reading
The European Commission on Wednesday proposed one of the most sweeping changes to global energy flows in history. But the oil price barely responded. Brent, the international benchmark, rose 3.8 Continue Reading
India registered about 475,000 more total deaths in 2020 than the previous year, government data released months ahead of schedule on Tuesday showed, as the World Health Organization readies its Continue Reading
China’s independent refiners have been discreetly buying Russian oil at steep discounts as western countries suspend their own purchases and explore potential embargoes because of the war in Ukraine. An Continue Reading
The Chinese capital Beijing shut dozens of metro stations and bus routes on Wednesday in its campaign to stop the spread of COVID-19 and avoid the fate of Shanghai where Continue Reading
North Korea’s office workers and factory laborers have been dispatched to farming areas around the country to join a fight against drought, state media reported on Wednesday, amid concerns over Continue Reading
The central Chinese city of Zhengzhou announced on Tuesday it would impose new COVID-related movement curbs for May 4-10. Schools in the main city district will go online, while employees Continue Reading
Some of Shanghai’s 25 million people managed to get out on Tuesday for short walks and shopping after enduring more than a month under a COVID-19 lockdown, while China’s capital, Continue Reading
Highlights New gasoline, gasoil, jet fuel quota allocations unlikely until H2 Beijing aims to issue new fuel oil export quotas soon Refineries will increasingly need to adjust product slates China Continue Reading
Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior U.S. officials say they have not detected overt Chinese military and economic support, Continue Reading
