Tag Archives: China

On September 21, Chinese Foreign Minister Wang Yi met with Georgian Prime Minister Irakli Garibashvili in New York, during the United Nations General Assembly, and stressed the importance of the Middle Corridor (or Trans-Caspian International Transport Route, “TITR”), which runs directly through Georgia, for regional transit. Due to the war …

China’s power generation capacity has increased by more than 70 percent compared to 2012, including a 700 percent increase in clean energy generators, according to a National Bureau of Statistics report on the green and low-carbon transition of the energy sector in the past decade. In 2021, China generated 8.5 …

China’s rapid build-up of clean energy is claiming more copper, supporting the market at a time when traditional sources of demand like housing are in the dumps. Copper imports are one of the few bright spots in an otherwise bleak picture for Chinese commodities consumption. Underpinning some of that demand …

A year after President Xi Jinping promised China would stop building coal power plants overseas, the country has completed 14 such facilities beyond its borders and will finish another 27 soon, according to a new report. Most of the projects that were in progress when Xi made the announcement are …

The Russian Security Council claimed on September 19 that Moscow and Beijing had agreed on “further military cooperation” with a focus on exercises and senior contacts. The statement from Moscow follows a meeting last week where President Vladimir Putin was forced to publicly acknowledge Chinese concerns over his ongoing invasion …

Oil advanced at the start of the week as the Chinese city of Chengdu ended a two-week lockdown, boosting the outlook for demand. West Texas Intermediate rose to trade near $86 a barrel in Asian trading after posting a third weekly loss on Friday. Chengdu is the biggest city to …

China, Kyrgyzstan and Uzbekistan have signed a long-anticipated agreement to push ahead with the construction of a railroad linking their countries that will, if completed, establish a shorter route to Europe, bypassing sanctions-hit Russia. The three governments signed the agreement on September 14 on the sidelines of a summit of …

China faces its biggest annual drop in oil demand in more than three decades as Covid-19 lockdowns and a property crisis weigh on growth in the world’s No. 2 consumer, the International Energy Agency said. Chinese oil demand will decline by 420,000 barrels a day, or 2.7%, this year in …

Commission President Ursula von der Leyen announced a new legislative proposal, the Critical Raw Material Act, to tackle the evolving dependency on China when it comes to raw materials and ensure more resilient supply chains. The proposal was announced as part of von der Leyen’s annual State of the Union …

The long-mooted prospect of the end of the U.S. dollar’s hegemony in the global oil and gas markets took another step towards realisation last week with the announcement that Russian and Chinese hydrocarbons giants, Gazprom and China National Petroleum Corporation (CNPC) have agreed to switch payments for gas supplies to …