Tag Archives: China

IHS Markit expects that the economic shock is likely to reduce China'.s 2020 GDP growth to 5.4%.

The exemptions will enable Chinese companies to import US goods and avoid the tariffs.

Chinese Foreign Ministry’s official spokesman Geng Shuang said that the United States has turned into the biggest actor of espionage in the cyberspace. while also calling it the empire of hackers.

Gas prices have plunged since 2014 when China and Russia agreed to the Power of Siberia gas pipeline project.

China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place.

Qatar Ready to Re-Route Oil. Gas Cargoes to China due to Spread of Virus.

Chinese Ambassador to Iran Chang Hua reiterated his country’s support for Iran against the US sanctions and said the East Asian nation is the only country that buys oil from the Islamic Republic.

Chinese oil demand has dropped by about 3 million barrels a day. or 20% of total consumption. as the coronavirus squeezes the economy. according to people with inside knowledge of the country’s energy industry.

A gauge of the nation’s stocks plunged almost 8%. commodity futures from iron ore to crude sank by the daily limit. and the yuan weakened past a key level against the dollar.

China has reported 361 deaths from the virus so far.