China is breaking into Arctic transport through a joint venture between the country’s biggest ocean carrier, Cosco Shipping Holdings Co, and its Russian counterpart PAO Sovcomflot to move natural gas from Siberia to Western and Asian markets, reported the Wall Street Journal. The state-owned companies will operate a fleet of a dozen ice-breaking liquefied natural […]
Category: Energy & Environment
Beijing has launched a survey of domestic rare-earth production, as industry stocks rise amid speculation that China could restrict exports of the materials as part of the ongoing trade conflict with the US, reported Caixin. The National Development and Reform Commission (NDRC) has begun visits and meetings across the country to assess the “general upstream, […]
Nearly 3 million cars that do not comply with China’s State VI vehicle emissions standards, to take effect in July, are sitting on dealer lots across the country, according to the China Automobile Dealers Association (CADA), said Caixin. That amounts to an estimated RMB 500 billion ($72 billion) in inventory value that dealerships must unload […]
China’s state planner has threatened to use rare earths exports as leverage in the ongoing trade war with the United States, in a sign of increasing tensions between the two powers, said the Financial Times. The National Development and Reform Commission, which oversees economic policy shifts, highlighted in a bulletin yesterday the threat of an […]
President Xi Jinping visited one of China’s major rare earths mining and processing facilities in Ganzhou, Jiangxi province, on his first domestic trip since the escalation of the US-China trade war this month, reported the South China Morning Post. Xi’s visit comes amid growing discussion in China that Beijing could consider banning the export of […]