Zhejiang Petrochemical Corp, a major Chinese refiner backed by Saudi Aramco, is shutting a 200,000-barrel-per-day unit, reports Reuters. The refinery is bringing forward maintenance in response to the Middle East conflict’s impact on crude supply, it said on Tuesday. Separately, another Chinese refiner backed by Aramco, Fujian Refining and Petrochemical, or FREP, shut its 80,000 bpd […]
Category: Energy & Environment
China’s wind turbine exports reached a record high in 2025, increasing about 50% from a year earlier to roughly 8 million kilowatts, reports Caixin. This comes as manufacturers accelerated a strategic shift toward building production bases overseas. The export estimate was based on data released in late January by Qin Haiyan, secretary general of the Wind […]
China’s carbon dioxide emissions fell 0.3% in 2025, reports Bloomberg. This is the first annual decline since Covid-era restrictions in 2022 and a reduction that’s happened even as energy demand growth remains strong. The drop, outlined in an analysis by the Centre for Research on Energy and Clean Air for Carbon Brief, was driven by a fall in emissions across […]
China’s automobile sector posted record revenue of RMB 11.2 trillion ($1.6 trillion) in 2025, up 7.1% year-on-year, while profit growth failed to keep pace, sinking to a record monthly low of 1.8% in December 2025, dragging the full-year average to just 4.1%, reports Caixin. This is according to data released Tuesday by the China Passenger Car […]
China’s new energy vehicle (NEV) production jumped 25% to 16.52 million units in 2025, while output of internal combustion engine vehicles shrank 1% to 18.25 million. The as the automobile sector also posted record revenue of RMB 11.2 trillion ($1.6 trillion) in 2025, up 7.1% year-on-year, but profit margins were just 4.1%, well below the […]