China’s power woes look set to intensify as coal prices rose to a record on Monday following data showing supply of the fuel fell in September adding to concerns that Continue Reading
China daily crude oil processing rate fell again in September, to the lowest since May 2020, as feedstock shortage and environmental inspection crippled operations at refineries and a power crunch Continue Reading
WATCH: Helen Qiao of BofA Global Research discusses what the latest figures say about the state of China’s economy. China’s housing slump and electricity shortages dragged down economic growth last Continue Reading
China’s economy slowed rapidly in the third quarter under the stress of a property slump and electricity shortages. Beyond the headline numbers though, the dataset had a few other interesting Continue Reading
Gross domestic product grew 4-9 per cent year-on-year between July and September, according to data released by the National Bureau of Statistics on Monday, compared with 7-9 percent in the three Continue Reading
Steel mills have faced power cuts. Computer chip shortages have slowed car production. Troubled property companies have purchased less construction material. Floods have disrupted business in north-central China. It has all taken a Continue Reading
It was the summer when the rains wouldn’t stop. The lights went out. And a housing boom came to a shuddering halt. China’s economy still grew 4.9 percent in the Continue Reading
Chinese firms in talks with U.S. LNG suppliers – sources Coal prices hit record high in in China amid shortages Poland, Germany take steps to support consumers Oil prices hit Continue Reading
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the Continue Reading
Beijing’s crackdown on the private refining industry was one reason behind this import decline as the government tackled excessive fuel supply As it tackles teapots, however, Beijing is having trouble Continue Reading
