China’s Oil consumption To Peak Around 2026, Says Sinopec’s Exec
Sinopec Corp’s top executive says China’s oil consumption is predicted to peak around 2026 at about 16 million barrels per day. He also said that the consumption of natural gas ...
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Tag: China
China Evergrande Onshore Bond Trading Stopped After Significant Downgrade
Hengda Real Estate Group Co Ltd, China Evergrande Group’s leading unit, applied on September 16 to hold off on trading of its onshore corporate bonds after a downgrade, as the ...
China’s Local Economic Activities Dwindle In August
China’s industrial output and retail sales in August grew slowly in a year and came in below expectations during the Covid-19 confinement measures, according to evidence from the National Bureau of Statistics of ...
Stablecoin Adoption To Dominate The Future Of Financial Inclusion
With proper regulation set in place, stablecoins can manage to fulfill their promise and ensure that more funds will reach all those in greatest need. Currently, institutional interest in the ...
Soho China Loses 35% On Uncertainty Due To Collapse Of $3B Blackstone Acquisition
Stakes in Soho China, one of China’s biggest and leading lucrative real estate investors, sank 35% in Hong Kong exchange on September 13 morning on the account that it had ...
China’s Great Wall Motors To Sell Electric Hatchbacks From Its UK-based Ora Brand
Great Wall Motors, a Chinese carmaker has stated at the Munich Motor Show that it plans to sell perky, all-electric hatchback cars from its UK-based Ora brand. First to be ...
NFT Is A Bubble, Chinese Communist Party Says
Based on several local sources, China has released several statements denouncing the value of the nonfungible token (NFT) market, although two of the country’s tech companies are currently in hot ...
Oil Is Steady As Delta Variant Threatens Demand Outlook
Oil prices have remained steady on September 9, 2021, as the Delta variant of the coronavirus continues to weigh on the demand outlook. The commodity has managed to offset the ...
Chinese Investors Put $1B Into BlackRock’s New Fund
The world’s biggest asset manager said on September 8, 2021, that the fund was officially set up this week and has attracted over 111,000 investors. BlackRock has now raised 6.68 ...
China Services Industry Shrinks In August – Caixin
The services sector in China has contracted in August 2021 amid severe restrictions to curb the spread of the Delta variant of the pandemic. Based on data released on September ...