Yangtze shrinks as China’s drought disrupts industry
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
Stories of Climate Adaptation From a Simmering Subcontinent
Commuters brave a heat wave in Allahabad in India’s Uttar Pradesh state on June 7. Air conditioners in the Himalayas and fans for the cows: How communities in India and Continue Reading
Yangtze tributary runs dry as China faces another month of drought
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
Xi Highlights Drought Risk in China as Power Supplies Threatened
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
China’s largest property group Country Garden warns of 70% plunge in profit
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
China’s Heat Wave Strains Its Economy
Faced with China’s most searing heat wave in six decades, factories in the country’s southwest are being forced to close. A severe drought has shrunk rivers, disrupting the region’s supply Continue Reading
China’s power shortages disrupt nonferrous operations
Highlights Several parts of China face unprecedented heatwaves Authorities order industrial production restrictions amid power crunch Sichuan industry most affected due to power supply issues Authorities in several parts of Continue Reading
Toyota, CATL Shut Plants in Sichuan as Power Crisis Worsens
Toyota Motor Corp. and Contemporary Amperex Technology Co. , the world’s top battery maker, are closing plants in China’s Sichuan province as a drought-induced power crisis worsens. The Japanese automaker Continue Reading
Disappointing Chinese Demand Takes Toll On Oil Prices
Uncertainty about the Iran nuclear deal and disappointing Chinese crude demand and refinery throughput are creating headwinds for crude. Chart of the Week Can the German Economy Fall by the Continue Reading
Kazakhstan’s Kashagan oil field still pumping at reduced rates amid pipe leak probe
Kashagan producing around 100,000 b/d, quarter of normal rate Ruptured pipe sent for checks as corrosion fears resurface Ongoing disruption limiting CPC Blend exports Production at Kazakhstan’s second-highest producing oil Continue Reading