China’s April soybean imports slide on year
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
China’s April steel exports miss trade estimates, unlikely to improve in May
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
China’s Iranian oil imports ease on poor margins, lure of Russian oil
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
‘Go home!’ COVID-hit Shanghai, Beijing tell residents to avoid social contacts
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
Analysis: Shanghai COVID crisis puts political spotlight on key Xi ally
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
China’s Imports From Russia Hit Record on Energy Price Rises
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
Beijing Residents Keep Faith With Government’s Zero-Covid Strategy
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
CIA director says China ‘unsettled’ by Ukraine war
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 Covid Lockdowns Disrupt Global Supply Chains: Eco Week
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
‘Stop asking why’: Shanghai tightens COVID lockdown, Beijing keeps testing
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