The US trade war with China is “on hold” after the world`s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
Two major Chinese coal-fired power generators have banned their purchasing departments from buying thermal coal above certain prices on spot markets as they expect prices to fall in the coming months.
PetroChina, the country’s top gas producer, has curbed supplies of the fuel to some industrial users in northern and western regions, in the first sign of emerging tightness only two months after China experienced one of its worst winter gas crunches.
The US decision to reimpose sanctions on Iran could scare off European investors but oil-thirsty China may step into the void and ramp up business links with the country.
The shift of low-value, energy-hungry manufacturing from China and India to coal-powered economies with even lower wages could be bad news for the fight against climate change, researchers cautioned Monday.
China approved an expansion of a coal mine project owned by Shenhuo Group in Henan province to 2.4 million tonnes from current 900,000 tonnes, the National Energy Administration (NEA) said in a statement on Monday
China’s state-owned utility China Three Gorges on Friday launched a bid to take control of Portugal’s biggest company EDP, offering a premium of just below 5 percent on the power firm’s closing stock price.
Some North Korean traders are offering cheap coal to Chinese buyers who are stockpiling it at ports inside the isolated country, hoping recent diplomatic moves lead to an easing of sanctions barring purchases of North Korean coal, three Chinese traders told Reuters.
China is positioned to be a chief beneficiary of the U.S. decision to withdraw from the Iran nuclear deal as it would give China leverage to demand oil imports be priced in yuan, several currency experts said on Thursday.
The railways has set a target of completing by 2019 the final location surveys of three strategic lines along the country’s border with China after the projects received the Cabinet Committee on Security (CCS) nod in December 2015, officials said today.