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China Economy
China hits jackpot with discovery of ‘massive’ gold reserves in Hunan
The US$80 billion hoard is the latest fruit of China’s drive to find new domestic precious minerals reserves.
22 Nov 2024 - 6:00PM
US farmers sign big deals at CIIE expo, easing concerns about scale of trade war
11 Nov 2024 - 10:58AM
MTR Lab backs AI start-up Ensonic in first mainland Chinese investment
7 Nov 2024 - 1:58AM
Big Tech
TikTok CEO vows to earn global trust, as app challenges US ban
Chew Shou Zi calls earning local trust around the world “a big challenge” for TikTok at a summit in Riyadh.
30 Oct 2024 - 1:19AM
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TikTok CEO Chew Shou Zi testifies before US lawmakers on Capitol Hill in Washington in March 2023. Photo: EPA-EFE
China Business
China’s steel and oil industries face mounting losses amid economic slowdown
China steel’s industry racked up losses of US$5 billion from January to September, while the oil sector’s losses widened to US$4.5 billion.
28 Oct 2024 - 1:04PM
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Commodities
PetroChina to downsize, shut its biggest refinery in northern China
PetroChina plans to shut its Dalian refinery, with the capacity of 410,000 barrels per day, or 3 per cent of China’s total refinery output, around mid-2025, sources said.
28 Oct 2024 - 12:50PM
Commodities
How Hong Kong can compete with Singapore, Dubai in gold trading
Hong Kong has to create a comprehensive gold trading ecosystem, attract international traders, central banks and hedge funds.
27 Oct 2024 - 11:00AM
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China Business
Full steam ahead as Shanghai ports eye global container volume record
The city is investing in infrastructure and technology to support growth, while also liberalising its finance sector to attract international shipping businesses.
22 Oct 2024 - 8:04PM
The fourth phase of the Yangshan deep water port in Shanghai is the world’s largest automated container terminal. Photo: Reuters
Commodities
Oil futures surge amid Middle East tensions and speculative shifts
Middle East tensions drive oil futures to their largest gain in a year, with traders rushing to buy call options amid fears of supply disruptions.
7 Oct 2024 - 3:59PM
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South Asia
India allows non-basmati white rice exports, boosts global supplies
India imposed curbs on rice exports last year and extended them into 2024 to keep prices in check ahead of the April-June national election.
28 Sep 2024 - 9:54PM
China Business
Syngenta targets expansion in China to help boost food security, sustainability
Company aims to expand service centre network to 1,000 by 2028 from around 600 currently in an effort to educate more farmers.
18 Sep 2024 - 8:00AM
Commodities
China’s fading hunger for grain spells trouble for world farmers
Warehouses across China are bulging with grain amid a deepening economic crisis, reducing imports and straining the world’s farmers.
16 Sep 2024 - 1:29PM
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A farmer collects grain during a canola harvest on a farm near Brora, Saskatchewan, Canada, on September 8, 2024. Photo: Bloomberg
China Business
China’s carbon trading market to add steel, cement and aluminium sectors
By adding the three emissions-heavy industries, the trading scheme is expected to cover about 60 per cent of China’s carbon emissions.
10 Sep 2024 - 5:01PM
China EVs
China’s Geely unveils first compact EV to compete with BYD Seagull
The Xingyuan will compete head-on with BYD’s Seagull car to attract young, first-time car buyers amid an ongoing price war in the local market.
5 Sep 2024 - 10:59AM
China Business
Sanergy blames forced share sale for market meltdown
Sanergy Group’s 98 per cent stock-price crash was triggered when its largest shareholder, Otautahi Capital, was forced to sell part of its stake, the maker of graphite products says.
4 Sep 2024 - 4:34PM
China Business
PetroChina invests US$839 million to shift towards green energy
The acquisition of CNPC’s Electric Energy will further help leverage the synergy between its renewable energy and power segments, PetroChina’s president said.
29 Aug 2024 - 11:50AM
An ethylene plant under construction by PetroChina Jilin Petrochemical Company in Jilin City in northeast China’s Jilin Province on August 10, 2024. Photo: Xinhua.
Business
Gold bulls rejoice as Fed’s September rate-cut signal reinforces bets on rally
Gold may still extend its record-setting run, with Fed Chair Jerome Powell’s Jackson Hole speech on Friday seen as a watershed moment for bullion.
26 Aug 2024 - 5:01PM
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China Business
Gold soars to record high as central banks stockpile amid rate-cut bets
Citigroup says the metal could be headed for US$3,000 per ounce next year after hitting US$2,531.75 overnight.
21 Aug 2024 - 4:30PM
China Business
Aramco’s ties with China have evolved beyond oil: top executive
Apart from supporting China’s long-term energy security, Aramco is eyeing investment opportunities in the downstream sector, Mohammed Al Qahtani says.
16 Aug 2024 - 1:58PM
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United States & Canada
Chinese mining firm files judicial review against Canada
Jinteng Mining, a subsidiary of Chinese gold and copper company Zijin Mining Group, disputes Ottawa’s review of Peruvian gold mine deal.
12 Aug 2024 - 3:57AM
The company logo of Zijin Mining. Photo: Reuters
Commodities
Wind and solar to surpass 40% of China’s power capacity by year-end
China is making progress in cleaning up its act on cutting down the use of coal in its power generation mix, as the share of the dirty fuel falls below renewables for the first time.
28 Jul 2024 - 12:54PM
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Companies
PetroChina joins world’s top producers in industry vow to reach net zero by 2050
China’s largest oil and gas producer has joined the Oil & Gas Decarbonisation Charter, a pledge signed by more than 50 firms to reach net zero by 2050.
23 Jul 2024 - 7:08PM
Markets
Shanghai officials tell state-backed listed companies to focus on market value
The admonishment from the regulator of state-owned assets comes as the 440 listed companies based in Shanghai are lagging well behind the benchmark CSI 300 Index this year.
17 Jul 2024 - 3:11PM
OPINION
Christopher Tang
,
Kenneth Tang
The View
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How Hong Kong can lead the way on sustainable textiles
4 Oct 2024 - 4:30PM
Andy Xie
The View
|
How China is becoming the Saudi Arabia of renewables
19 Sep 2024 - 5:46AM
Tim Daiss
Opinion
|
China’s energy playbook success not enough to secure climate goals
15 Sep 2024 - 5:30AM
Anthony Rowley
Macroscope
|
Gold is still the safe haven of choice in Asia and beyond
7 Sep 2024 - 6:18PM
5
Nikola Mikovic
Opinion
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Russia needs China’s market more than China needs Russian gas
30 Jul 2024 - 8:30PM
17
Mohammad Yunus
Opinion
|
The push for sustainable palm oil isn’t going far enough
17 Jul 2024 - 8:30PM
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