Russian President Vladimir Putin confirmed Wednesday while addressing the Eastern Economic Forum (EEF) in Vladivostok that he will soon meet with Chinese President Xi Jinping, which will mark a significant Continue Reading
China fuel demand could drop 380,000 bpd in 2022 -Energy Aspects Crude imports down 4.7% for Jan-Aug, 1st period drop since at least 2004 Road congestion down 50% in COVID-locked Continue Reading
Tens of millions of Chinese confined at home, schools closed, businesses in limbo and whole cities at a standstill. Once again, China is locking down enormous parts of society, trying Continue Reading
Tesla (TSLA.O) sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant. The U.S. Continue Reading
China’s imports of major commodities were mixed in August, with ongoing weakness in crude oil and natural gas but strength in coal and copper. However, where recovery was evident, probably Continue Reading
Debt sales in dollars are running at their lowest in 11 years Bloomberg News China has surged ahead of the US for corporate bond deals in its yuan credit market Continue Reading
An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS BEIJING, Sept Continue Reading
The export boom that has powered China’s economy through the pandemic decelerated in August, reflecting the impact from rising inflation and slowing growth elsewhere in the world. The larger-than-expected slowdown Continue Reading
China’s crude oil imports in August were 1.1 million bpd lower than the year-ago period and its exports were lower than expected, the latest data suggests. China imported 9.35 million Continue Reading
State energy giants Gazprom (GAZP.MM) and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday, including on the use Russian roubles and Chinese yuan to pay for Russian natural Continue Reading
China purchases three Sakhalin LNG cargoes in August Robust power consumption boosts gas demand Drought in Sichuan spurs gas-fired power plant load China’s LNG imports from Russia reached a 22-month Continue Reading
Authorities in southwestern China’s Chengdu have maintained strict COVID-19 lockdown measures on the city’s population of 21 million despite a major earthquake that killed at least 65 people in outlying Continue Reading
WATCH: Kerry says he is “hopeful” that Beijing will recognize the benefit of the world’s 2 largest emitters talking and return to the table for the suspended climate talks with Continue Reading
Indonesia raised subsidized fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidised gasoline Continue Reading
China imported more Russian gas in 2022 as imports from other sources declined. Russia surpassed Indonesia and the United States to become China’s fourth-largest supplier of LNG so far this Continue Reading
China’s carbon emissions fell almost 8 percent in the April-to-June quarter compared with the same period last year, the sharpest decline in the past decade, according to climate research service Continue Reading
Platts Analytics cuts Sep demand projection by 200,000 b/d May further lower estimates: analysts Eased controls possible after the congress, but zero COVID-19 to remain A spate of new COVID-19 Continue Reading
No Single White Knight for China Property Market Bloomberg News Country Garden Holdings Co. said first-half earnings plunged 96%, the most since its 2007 listing in Hong Kong, as China’s Continue Reading
Country Garden reported 96% profit slump, worst since listing China Vanke saw net income climb 11% as it defied the slowdown Bloomberg News China’s two biggest property developers saw contrasting Continue Reading
US Firms’ Confidence on China Falls to Fresh Low China is battling Covid-19 in every province despite its use of the world’s strictest measures to keep the virus out. All Continue Reading
Bloomberg News China arrested hundreds of people allegedly involved in the nation’s largest ever bank fraud and started repaying more victims of the $5.8 billion scandal, in a bid to Continue Reading
China’s biggest property developer by sales is predicting more pain for the real estate industry after posting a record drop in first-half profit. “The home market hasn’t entirely bottomed out, Continue Reading
Customers at a food market in Shanghai, China. Bloomberg News Economists are turning more bearish about China’s economy, downgrading their growth forecasts further for 2022 and seeing lingering risks into Continue Reading
Bloomberg News China’s southwestern province of Sichuan restored most power supplies for industries and businesses by Sunday noon after restrictions lasting about two weeks, according to state television . Power Continue Reading
More than 100,000 people have been moved to safer areas by Monday as heavy rains brought flood risks to a region of southwest China that was devastated by a heatwave Continue Reading
Everyone thought a COVID-19-ravaged steel supply market in China took a turn towards recovery. However, many other hurdles now stand in the way, both long & short-term. Power cuts and Continue Reading
Shanghai’s famous Bund went dark on Monday as authorities turned off the waterfront district’s decorative lights to save energy. China extended power cuts in some areas to cope with soaring Continue Reading
Bloomberg News Profits at industrial firms in China fell in the first seven months of the year as the economy continued to grapple with Covid disruptions and an ongoing slump Continue Reading
Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Continue Reading
Washington and Beijing have reached a landmark agreement that would allow US regulators access to audits of Chinese companies that are listed on American exchanges, in a deal that would Continue Reading
Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance Continue Reading
Australia is finally getting serious about emissions and green-energy companies from around the world are seeing an opportunity. Photovoltaic panels at a solar farm on the outskirts of Gunnedah, New Continue Reading
China’s energy administration has pledged to alleviate electricity shortages in Sichuan and Chongqing, which have ordered power cuts for industrial plants and even households, disrupting the operations of global heavyweights Continue Reading
Japan is preparing a big shift on nuclear power, with Prime Minister Fumio Kishida announcing plans to look at the construction of new plants, in what would be a break Continue Reading
Highlights Changing climate negatively impacts hydropower output Crucial to further expand power transmission, generation, storage capacities Energy security as top priority now, at the cost of climate policy China’s Sichuan Continue Reading
BEIJING (AP) — With China’s biggest freshwater lake reduced to just 25% of its usual size by a severe drought, work crews are digging trenches to keep water flowing to Continue Reading
Decorative lights are turned off at the Bund in Shanghai on Aug. 22. Shanghai’s iconic skyscrapers dimmed their exteriors Monday as part of a two-day suspension, as the financial hub Continue Reading
Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisation elsewhere stalls, economic challenges mean Beijing is unlikely to tackle rising coal consumption ahead Continue Reading
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Continue Reading
An iconic skyline in the Chinese city of Shanghai – called The Bund – will not be lit for two nights to save power, officials say. The waterfront area – Continue Reading
The West has been quick to criticize China for its perceived lackluster carbon emissions targets. While China remains one of the world’s most polluting countries, it is ramping up renewable Continue Reading
Changing climate negatively impacts hydropower output Crucial to further expand power transmission, generation, storage capacities Energy security as top priority now, at the cost of climate policy China’s Sichuan province, Continue Reading
Sichuan’s worst drought in more than a half-century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut Continue Reading
China’s exports of very-low-sulfur marine fuel rebounded 13.22% in July versus June as the country’s merchandise exports recovered, but still stood nearly 9.69% below the year-ago level, customs data showed Continue Reading
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Continue Reading
Southwestern China is experiencing a massive heatwave, sparking a power crisis in the region. The Chongqing municipal government has ordered factories to suspend production to conserve power. Moody’s Vice President Continue Reading
Ships crept down the middle of the Yangtze on Friday after China’s driest summer in six decades left one of the mightiest rivers barely half its normal width and set Continue Reading
Residents living near a tributary of the Yangtze river in the southwestern region of Chongqing clambered along the dry riverbed on Thursday amid an unprecedented drought across the region that Continue Reading
An exposed riverbed, due to low water levels caused by drought, along the Jialing River, Aug. 17. Bloomberg News Chinese President Xi Jinping called on local authorities to work to Continue Reading
The company, in a filing on Thursday, said core profit was between about Rmb4-5bn and Rmb5bn ($6634mn and $736mn) in the first six months of 2022, down from Rmb15.2bn a Continue Reading
