Tag Archives: China

China has far outpaced the United States in clean energy spending, manufacturing, and innovation. And now, thanks to cheap and abundant Chinese solar panels and wind turbines, a growing number of emerging economies are joining the ranks of nations outpacing the United States in the clean energy transition. “To China’s …

China is set to continue its crude stockpiling throughout next year, but even the buying spree from the world’s top crude importer would not be sufficient to support oil prices into the $60s per barrel as a major glut looms over the market in the coming months. Lower oil prices …

Global electric vehicle sales grew by 15% in August from a year earlier, slower than the 27% growth rate in January-July, as EV sales in the biggest market, China, increased by only 6%, data from EV research firm Rho Motion showed on Friday. China continues to be the world’s biggest …

U.S. President Donald Trump said that Chinese President Xi Jinping is conspiring with Russia’s Vladimir Putin and North Korea’s Kim Jong Un against the United States as the three leaders put up a united front at a Beijing military parade in what observers see as a show of strength defying …

A record smashing 26MW offshore wind turbine has been successfully installed in China by Dongfang Electric, which has now wrestled the claim of having the world’s most powerful installed turbine from Siemens Gamesa. Dongfang announced today that it has installed the prototype machine at a testing and certification base, saying …

China accounts for $65-70 billion worth of Iran’s foreign trade each year, according to a senior Iranian businessman who says that China’s oil purchases from Iran have reached record levels. Majid Reza Hariri, who chairs the Iran-China Joint Chamber of Commerce, said on Saturday that up to 50% of Iran’s …

Despite record solar and wind capacity additions and booming renewable energy output, China is not giving up on coal, on the contrary. During the first half of 2025, China commissioned as much as 21 gigawatts (GW) of coal power, the highest amount in the first half of the year since …

The Chinese government is planning to reduce the number of oil refiners and petrochemicals producers in the country in a bid to solve the industry’s problem with overcapacity. According to a Bloomberg report, the authorities will shut down some smaller refineries and upgrade facilities that have become outdated. The latter …

China has boosted imports of Russia’s flagship Urals crude, as refiners buy additional volumes of discounted oil while India is hesitant amid U.S. threats over its purchases of Russian oil. China is the top buyer of Russian crude, but most of its imports consist of the ESPO grade shipped from …

China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs. Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons …