Chinese state-owned PetroChina holds a 40% stake in the Sinovensa project in the Orinoco belt alongside Venezuelan state oil company PDVSA. The company stopped carrying Venezuelan oil in August 2019 after the Trump administration tightened…
Monthly Archives For September 2023
Nanjing Scraps Home-Buying Curbs in China’s Latest Property Boost
BEIJING (Reuters) – Nanjing has eliminated curbs on home buying, the first big Chinese city to do so, as policymakers scramble to arrest a deepening crisis in the massive property sector, which is is …
After Huawei smartphone leap, Beijing sets sights high for advanced manufacturing in midst of US tech curbs
The new Mate 60 Pro handset may represent the early fruits of China’s self-sufficiency drive, and Beijing hopes such hi-tech devices can be a boon for consumption amid economic malaise.
Joe Biden pushes for bigger World Bank to combat China’s rising influence
Sullivan has insisted the plan to increase the World Bank’s coffers is not “against China”. But he has also said it was “critical” for countries to have alternatives to Beijing’s Belt and Road …
Deflation Woes: Can China Avoid Japanification?
As growth decelerates in China and the economy slips into deflation, there are fears that the country may be heading towards a situation reminiscent of Japan in the early 1990s, a quagmire that could …
No official export ban on urea by China in effect: finance ministry
South Korea’s finance ministry said Friday it has confirmed that China has not implemented an official ban on shipments of urea by fertilizer firms and noted that the domestic supply would remain …
Ten workers killed in gas accident in China’s Inner Mongolia region
Ten people have been killed and three others were injured in a gas accident at a workshop in Ordos in China’s northern Inner Mongolia region, state broadcaster China Central Television (CCTV) said, …
China’s Shenzhen Hit By Heaviest Rain Since 1952, Schools Closed
The heaviest downpours in decades have battered China’s south and the semi-autonomous city of Hong Kong in recent days, causing widespread flooding, closing schools, suspending border cargo services …
Hong Kong and southern China battles widespread flooding from record rains
Hong Kong and southern Chinese cities are battling widespread flooding as the region endures some of its heaviest rainfall on record. On Friday, streets and subway stations were underwater in Hong Kong as officials shut…
It’s no longer a given that China will become the world’s largest economy
It is time for the markets to recognise that China is not reverting to its old economic and financial playbook, and its return as a powerful driver of global economic growth is unlikely in the…
Schools shut in China’s Shenzhen as record rain flood streets, subway stations
All schools were closed and some subway stations and offices shut in China’s Shenzhen as remnants of Typhoon Haikui triggered heavy rain for a fourth day.
Shenzhen hit by heaviest rain since records began
The city of Shenzhen has been lashed by the heaviest rain since records began there in 1952, state media reported on Friday. “From 5pm Thursday to …
China’s Shenzhen Hit By Heaviest Rain Since Records Began In 1952: State Media
China’s southern city of Shenzhen has been lashed by the heaviest rain since records began in 1952, state media reported on Friday.
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