Chinese state news agency Xinhua says that makes the fuel a strong contender to replace regular oil and natural gas. But like any fossil fuel, flammable ice raises significant environmental concerns. Related: Is China unstoppable…
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China and Japan find way to extract ‘combustible ice’ from seafloor, harnessing a legendary frozen fossil fuel
The official Chinese news agency Xinhua reported that the fuel was successfully mined by a drilling rig operating in the South China Sea on Thursday. Chinese Minister of Land and Resources Jiang Daming declared the…
China's Xi says willing to help end rift with South Korea
… which is in the fundamental interests of both countries and the region,” Xi was quoted as saying by China’s official Xinhua News Agency. Earlier in the day, Lee met with State Councilor Yang Jiechi,…
China claims breakthrough in mining 'flammable ice'
These are external links and will open in a new window China has for the first time extracted gas from an ice-like substance under the South China Sea considered key to future global energy supply.…
China warns Philippines to prepare for WAR if Manila drills for oil in South China Sea
In remarks that could infuriate China, Duterte hit back at domestic critics who said he has gone soft on Beijing by refusing to push it to comply with an award last year by the Permanent…
US: Chinese jets intercepted radiation-detecting plane over East China Sea
“They came much too close,” a Pentagon source told Fox News Friday. Two Chinese Su-30 aircraft on Wednesday intercepted a U.S. WC-135 Constant Phoenix aircraft conducting a routine mission in international airspace over the East…
The promising new energy source Beijing is tapping from the South China Sea and why it matters
This week, Chinese engineers collected methane gas from methane hydrate, or “combustible ice”, in the South China Sea and converted it to natural gas in a single, continuous operation. With that achievement, China joined the…
Canadian winery owners face closed trial in China
Charges of smuggling against a Canadian winery owner who has been locked up in a Chinese jail for more than a year are trumped up, his lawyers say, accusing China of criminalizing a customs dispute,…
Brands Day offers a chance to shine
Transitional economies such as China, tackling the challenges of moving from a producer of commodity products to an environment of investment in high-quality, premium branded goods and services, need to produce competitive domestic brands, but…
The Aussie brands conquering the wallets of Chinese millennials
China became Australia’s biggest wine export market in 2016 … Penfolds, Rawsons Retreat and Wolf Blass don’t compete on price and are positioned as premium brands, he says. The FTA was the “icing on the…
Wexner: L Brands does not envision mass store closings, China increasingly important
Many big-name retailers have closed stores en masse. Columbus-based L Brands is not averse to pruning, its leaders say, but no large-scale closings are envisioned. The company’s founder, chairman and CEO, Leslie H. Wexner, and…
China's Norinco and Saudi Aramco line up $10 billion refinery plan
BEIJING Chinese defense conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco [IPO-ARMO.SE] to build a refinery and chemicals complex in northeast China, industry and government…
Progress made on draft of South China Sea code of conduct
China and the 10 countries in the Association of Southeast Asia … Liu was quoted as telling Xinhua News Agency following Thursday’s meeting in the southern Chinese city of Guiyang. The Philippines welcomed the finalization…
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