Global oil-demand growth is still forecast to slow to under a million barrels a day this year and next, with a continued slowdown in Chinese consumption weighing on the outlook, the IEA said.
Monthly Archives For August 2024
Luxury Looks Like a China Carry Trade Set to Unwind
Chanel and Hermes can still dictate prices to consumers betting on a profitable second-hand resale. For some other global brands, the music has already stopped.
Beijing’s first NIO Power Swap Station 4.0 comes online
From the nationwide perspective, NIO’s first batch of Power Swap Stations 4.0 was launched in mid-June this year at the Liwan Huadi Plaza in Guangzhou city and the G40 Shanghai-Xi’an Expressway Luoji …
China bond frenzy puts central bank in quandary
A quick look at China’s bond market appears to show it has many of the ingredients for success. The country’s leaders want it to develop more financing power, while investors have a big appetite for…
Western sanctions are so tight that Russia and China could soon use an ancient trading system. It’s worked before.
Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments for trade with Russia.
China’s export requirements – difficult to enter, easy to be weeded out
Because of Covid-19, we had to sell bananas at supermarkets and wholesale markets. We have growing area codes. We wish to partner with other units to export bananas to China and the Middle East.” …
China’s Olympic divers inspire next generation at Beijing pool
The splash of young athletes hitting the water and the cries of encouragement from coaches echo through a Beijing swimming pool, where the next generation of Chinese diving champions is being trained.
South China Sea: Philippine navy chides Beijing for ‘coercive’ manoeuvre over Scarborough Shoal
Manila also said a provisional agreement with China on resupply missions for troops at the Second Thomas Shoal would be reviewed.
China says it has an uncrewed cargo plane that can carry 4,400 pounds that just made its 20-minute maiden flight
The effort is part of China’s strides in advancing its “low-altitude economy,” projected to be worth $279 billion by 2030.
Exports Drive China Cargo Throughput Growth amid Weak Domestic Demand
Growth in China’s total cargo throughput continued but decelerated in 2Q24 to 3% yoy, from 6% in 1Q24, says Fitch Ratings. Total container throughput grew by 7% yoy, boosted by strong demand from ASEAN although…
China vows financial support to restore agricultural output after floods
China’s agricultural sector must improve its capacity for disaster prevention and mitigation, Vice Premier Liu Guozhong said on Tuesday, according to the Xinhua news agency, also vowing more financial …
Fintech Investments in China Have Made Modest Recovery – Report
Fintech investments in China made a modest recovery towards the end of 2023 and trickled over into 2024, according to an update from KPMG.
China’s data industry on fast track to digital future
according to a report by the China Academy of Information and Communications Technology. Essential to these achievements is China’s expansive digital infrastructure. The number of 5G base stations in …
