The US is imposing new sanctions against Zhuhai Zhenrong for transporting Iranian crude oil, one of four Chinese firms approved by the state to import oil and is managed by Beijing’s State-owned Assets Supervision and Administration Commission of the State Council, reported the Wall Street Journal. China, the biggest buyer of Iranian crude oil, was […]
Category: Energy & Environment
China’s investment in renewable energy nosedived by 39% in the first half of 2019 compared with the same period last year as the government’s plans to phase out set prices for electricity in favor of market-based systems spooked plant developers, said Caixin. The country saw $28.8 billion invested in new solar and wind projects in […]
Global investment in clean energy fell to its lowest level in five years during the first half of 2019, because of a sharp drop in Chinese renewable energy projects, reported the Financial Times. The change in China’s renewable energy policies last year — when it curbed solar and wind subsidies — dramatically reduced the number […]
Beijing is easing foreign access to a range of China’s industries including oil, mining and city gas pipelines as the government follows through on pledges to open up to overseas investors, reported Caixin. China will scrap the need for joint ventures in oil and gas exploration, and for domestic control of gas networks in cities […]
China’s top economic planning agency, the National Development and Reform Commission (NDRC), has once again declined to rule out the use of rare earths against the United States in the ongoing trade war as relations between the two sides continue to deteriorate, reported the South China Morning Post. China, which makes up 90% of the global […]