China’s oil consumption will rise 1.1% in 2025 to 765 million metric tons amid better than expected economic growth and increasing demand for petrochemicals, a think tank affiliated with state energy company China National Petroleum Corp (CNPC) said on Tuesday.
Mercuria’s ex-Beijing head joining China’s Rongsheng, sources say
The former head of trader Mercuria’s Beijing operation is joining China’s largest private oil refining and chemical group Rongsheng Holdings in a senior position, according to sources and an internal memo seen by Reuters.
Germany sees Ukraine truce efforts as deadlocked while China says the talks are encouraging
Trump on Sunday scolded Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky, expressing frustration at the continued fighting in a war he had pledged to swiftly stop.
China Holds Military Exercises Around Taiwan in Fresh Warning
The drills came after Taiwan’s president, Lai Ching-te, announced measures to counter China’s influence and espionage. Beijing also wants to send a message to Washington, analysts said.
China Property Pain Worsens With Sales Slump, Record Vanke Loss
The world’s second largest economy has yet to find a floor for its slumping property market, as new home sales reversed into a slide and China Vanke Co. reported a record loss. After a brief period of …
India: a powerhouse in the spotlight
India, alongside China, now represents nearly half of the EM equity universe. While structural trends favour Indian equities in the long term, higher equity valuations mean a selective approach is mor …
China’s military says it’s launching combined drills around Taiwan, testing US resolve
China’s military said Tuesday it had kicked off joint exercises involving its army, navy, air force and rocket force around Taiwan as a “stern warning,” days after US defense chief Pete Hegseth vowed …
Taiwan coast guard warns of China using ‘pretext’ to launch war games this year
China could find a “pretext” to stage new war games around Taiwan this year, coinciding with sensitive dates such as the anniversary in May of a year since President Lai Ching-te took office, a senior …
China launches large-scale military exercises around Taiwan
China has kicked off large-scale military and coastguard exercises around Taiwan, the latest round in Beijing’s escalating campaign to assert its claims of sovereignty and suppress the island nation’s …
China’s banks head towards new lending woes
Fresh trouble is brewing for China’s banks. The state is injecting 520 billion yuan ($72 billion) of capital into four big lenders, hoping to spark consumer-driven economic growth. But doing Beijing’s …