China boosts global role with US/Asia energy meet – Reuters
From Reuters: China will host a summit of top U.S. and Asian energy officials next month, government officials said on Tuesday, as Beijing seeks a greater say in coordinating global consumer-nation...
View ArticleNew High for Oil, New Low for Dollar, But China Gets G-7 Focus –...
From Bloomberg News, International Herald Tribune and Reuters via International Herald Tribune: The price of oil rose to a new high Friday, breaching $90 a barrel for the first time, and the dollar hit...
View ArticleChina Subsidizes Rural Transportation – AP
From AP via usatoday.com: China’s central government has subsidized transportation in rural areas and urged local officials to help the urban poor after it raised fuel prices by nearly 10% this past...
View ArticlePrice, Not Politics, Cure For China Oil Shortages – Jim Bai
From Reuters: China’s bid to end fuel shortages by ordering refiners to beef up supplies puts only a temporary cap on a problem that may keep bubbling up until the government bows to market...
View ArticleClik here to view.
Chávez, China Cooperate on Oil, But for Different Reasons – Sara Miller Llana...
From the Christian Science Monitor: One country’s motivation is political, the other’s pragmatic. Venezuela is seeking a strategic geopolitical alliance, China a steady supply of energy. A new oil...
View ArticleChina to Freeze Energy Prices in an Effort to Quell Worries About Inflation –...
The New York Times reports that the government will freeze energy prices, while also setting price controls on other key consumer goods, in an effort to curb inflation: Prime Minister Wen Jiabao...
View ArticleChinese Carriers Cut Flights Over Fuel Costs
From AFP: Two major Chinese airlines plan to cut the number of international flights they offer due to spiralling fuel costs, at least temporarily, the carriers said Tuesday. China Southern Airlines,...
View ArticleOil Drops as China Says it Will Raise Fuel Prices
From AP: Oil prices dropped Thursday after China said it will raise fuel prices, a move that could dampen the booming Asian nation’s oil consumption. Retail gas prices slid overnight. Light, sweet...
View ArticleChina Sharply Hikes Energy Prices
From AFP: China sharply raised domestic energy prices across the board on Friday, as authorities shifted policy in the face of complaints that price controls were causing turmoil on global oil markets....
View ArticleChina Cuts Interest Rates; Oil Prices Surge
The People’s Bank of China, the country’s central bank, announced the largest interest rate cut in 11 years today in an effort to get the economy moving again. From the New York Times: The central...
View ArticleCrude Oil Falls as China Quells Additional Stimulus Speculation
Today at the NPC session, Premier Wen Jiabao put to rest rumors that China was going to launch another economic stimulus plan. From Bloomberg: Oil dropped 3.9 percent after Chinese Premier Wen Jiabao...
View ArticleShanghai Offers Fee Cuts to Defuse Drivers’ Strike at Port
Earlier CDT reported on the three-day strike in Shanghai by truck drivers angry over rising fuel prices and new fees. Thousands of drivers reportedly blocked cargo ports in Shanghai in protest. In an...
View ArticleChina's New Competitors
The Wall Street Journal’s Joseph Sternberg examines the erosion of China’s manufacturing supremacy due to rising transport and labour costs, and possible consequences of this shift: … [The] warning to...
View ArticleIs Insourcing More Than Just Wishful Thinking?
In January, The New York Times published an investigation into how the U.S. had lost out on manufacturing work for products “Designed by Apple in California” but “Assembled in China”. The report cited...
View Article
