FORGET BREXIT
Author: Timothy Ang
Chinese state energy giant Sinopec group has unveiled plans to more than double its receiving capacity of liquified natural gas (LNG) over the next six years and boost domestic output of shale gas by over 60% by the end of the decade, Reuters reports. In line with China’s recent commitment to a greener national energy […]
New stock market reforms will now allow unprofitable Chinese companies to list on domestic exchanges, Caixin Global reports, in a bid to make investment more accessible to small, innovative companies in the tech sector. Previously, Chinese companies hoping to go public on one the country’s two stock exchanges would have to demonstrate a history of […]
Following several months of speculation and manoeuvre, e-commerce titan Alibaba has agreed to buy China’s largest food delivery company Ele.me for $9.5 billion, the Financial Times reports, in a market shakeup that will leave Alibaba contending for market dominance against fellow tech giant Tencent. Ele.me, with a fleet of 3 million couriers serving 1.3 million […]
Ethanol imports from the US into China face a plunge in the short-term following Beijing’s announcement yesterday to place additional tariffs on 128 US products, although market shortages will likely push China back towards US supply eventually. Included in the new tariff list, US ethanol will be subject to an extra 15% tax on top […]