China is set to ramp up imports of Russian oil in January, absorbing barrels that would have previously gone to India and Turkey, reports Reuters. This comes as tougher Western sanctions force Moscow to redirect flows, LSEG data and traders said. China is due to receive nearly 1.5 million barrels per day (bpd) of Russian oil […]
Category: Economics & Trade
Chinese energy storage firms secured a record 366 gigawatt-hours (GWh) of overseas orders in 2025, up 144% from a year earlier reports Caixin. This is reportedly driven by grid instability in Europe and favorable policy tailwinds in the US and Australia. The China Energy Storage Alliance (CNESA), which released the figures Thursday, said more than half […]
China’s trade surplus with the continent surged by 64.5% to a record US$102 billion, reports the South China Morning Post, citing China customs figures. The jump in the trade gap–up from US$62 billion the previous year–was driven by a 25.8% surge in Chinese exports to the continent to $225 billion, far outpacing the 5.4% growth in African shipments […]
China’s trade surplus with Africa hit a record high of $102 billion in 2025, up from $62 billion the year before. The total export revenue was $225 billion, almost double African shipments to China which generated $123 billion. Analysts have said that the spike in Africa-trade may be in response to the pressures on China’s […]
China’s foreign trade hit a record RMB 45.5 trillion ($6.5 trillion) in 2025, reports Caixin. This was due to robust growth in mechanical and electrical exports, which for the first time made up more than 60% of total outbound shipments. Customs data show imports and exports combined rose 3.8% last year, extending a growth streak to […]