News on Energy & Resources in China

Hard times
Jingye swoops for struggling British steelmaker
Nov 15, 2019 (WiC 474)

When Mao Zedong launched the Great Leap Forward in 1957, the goal was to overtake the UK in steel output within 15 years. More than 60 years later a Chinese firm says that it wants to take control of much of what is left of the British steel ...

A fusion of skills
China wins another nuclear project in Europe
Oct 18, 2019 (WiC 470)

For British astrophysicist Arthur Eddington the destination mattered less than the path, as it provided a beacon for breakthroughs along the way. This was the mentality that saw him work out that the sun’s energy comes from the fusion of ...

Testing their mettle
The world’s first stainless steel futures are launched in Shanghai
Oct 4, 2019 (WiC 469)

Steel has often been a symbol of might in modern China. The country’s final liberation in the Second World War was marked by the recapture of the northeastern steel mills in Anshan and Benxi from Japanese rule in 1945. Under Mao Zedong’s ...

Fuelling concerns
Oil major Sinopec tries coffee, as oil is hit by a Saudi Arabian storm
Sep 20, 2019 (WiC 467)

The most discussed topic among China’s car drivers last week was where they could buy the cheapest fuel. That was because state-owned oil majors CNPC and Sinopec had squared up in a rare price war in many major cities. In some filling stations ...

A new Iran plan
China to invest $280 billion in Iranian oil
Sep 13, 2019 (WiC 466)

When China introduced a 5% tariff on imports of US crude this month, it seemed a self-defeating move. Although it might hurt the world’s largest oil and gas exporter – the US took that mantle from Saudi Arabia this year, CNN says – it would ...

Profits set to flow
What is driving GDI’s HK$100 billion market valuation?
Sep 13, 2019 (WiC 466)

Bank of East Asia’s chairman David Li isn’t viewed as an active investor in stocks. Yet the veteran banker has been taking a keen interest in Guangdong Investment (GDI), a state-owned enterprise described by some analysts as one of the best ...

Power struggle
China’s largest nuclear firm gets a spot on Washington’s blacklist and IPOs
Aug 30, 2019 (WiC 464)

It’s the mid-2020s and a re-elected President Trump fires a nuclear missile at an island that the Chinese have built in a disputed part of the South China Sea. That fictional scenario is what a futuristic BBC TV series called Years and ...

Oil cash floes
Chinese SOE wins major Russian Arctic contract
Jul 12, 2019 (WiC 459)

In January of last year the Chinese government issued its first white paper on the Arctic. It announced that China was now a “near-Arctic State” and that as a major power and stakeholder in the region, the Chinese would play a greater role ...

Loss of power
Huadian Energy faces potential delisting
May 24, 2019 (WiC 453)

In 2014 there were two events that triggered a rethink on risk appetites in the Chinese financial markets. The authorities broke with the so-called ‘Beijing put’ by allowing bond issuers to default for the first time. And a lossmaking ...

Not so bright
China’s only private sector oil baron goes under
May 3, 2019 (WiC 450)

For WiC readers of a certain vintage, there really are only two oilmen worthy of note: JR Ewing and Cliff Barnes. The two Texans spent much of the final quarter of the twentieth century slugging it out on primetime TV. Cliff Barnes was the ...

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