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News on Energy & Resources in China

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A flailing iron fist?

To Beijing’s fury, Aussie iron ore exports thrive
May 28, 2021 (WiC 542)

It is just over a year since the Australian government called for an independent investigation into the origins of the Covid-19 pandemic, triggering a furious response from its counterpart in Beijing. Soon afterwards a series of tariffs, ...

Offshore entity

Wind power firm’s IPO surges in Shanghai debut
May 28, 2021 (WiC 542)

Protecting five islands from erosion by the sea was a challenge for the Jade Emperor in ancient times, according to Chinese mythology. The emperor called in Yuqiang, the god of sea breezes for advice. Yuqiang summoned 15 giant turtles and ...

Chemical reaction

A megamerger in China sees the new firm dwarf Dow, DuPont and BASF
May 21, 2021 (WiC 541)

Before media firms began compiling China rich lists and billionaire rankings, the wealthiest Chinese man was probably Wang Yung-ching from Taiwan. Wang founded Formosa Plastics in 1954. Long before plastics earned its reputation as one of the ...

Raising the bar

Chinese investors help rebound in gold prices
May 7, 2021 (WiC 539)

Global investors have been selling their gold but consumers in China are buying more of it again. That was the story of the precious metal in the first quarter of this year, with demand from China offsetting some of the downward pressure on the ...

State-backed Minmetals now an antitrust target
Apr 30, 2021 (WiC 538)

Ten years after retiring as Chinese Premier, Wen Jiabao made an unexpected return to the spotlight this month after penning a short series of articles for the Macau Herald, a little-known weekly. In one of the pieces, the 78 year-old paid ...

The energy of the future?

Longi and Sinopec team up in long-term pivot to hydrogen-based energy
Apr 23, 2021 (WiC 537)

The footage of the heads of Sinopec, Longi and two other energy companies sitting down for a debate might well have looked like a World Economic Forum moment. Instead, it was from a CCTV programme aired on April 17, during which the guests talked ...

Back with the wind in its sails

Sany plans STAR listing of new energy wind turbine unit
Apr 23, 2021 (WiC 537)

A decade ago, Liang Wengen was riding high at the top of the Forbes China rich list. The founder of Sany Heavy Industry became the country’s richest tycoon by providing the construction equipment that helped China to urbanise rapidly. Liang was ...

Fission expedition

Pakistan fires up Hualong nuclear plant
Apr 9, 2021 (WiC 535)

China’s push in nuclear power reached a new milestone in March when Pakistan was the first foreign country to connect a China-developed nuclear reactor to its electricity grid. The first nuclear plant in China to deploy the same technology went ...

Chinese wind power revives as investor favourite
Feb 11, 2021 (WiC 528)

China’s windpower sector had a surge in the final quarter of 2020, notching up more new additions in December (47 gigawatts) than in 2018 and 2019 combined, according to Wood Mackenzie, the global energy consultancy. A record 72GW of new ...

Solar stocks in surge on carbon-neutral plan
Jan 29, 2021 (WiC 526)

The electric vehicle (EV) sector is grabbing many of the headlines at the moment but there’s another industry that’s made a spectacular comeback over the past year. Solar stocks are sizzling – so much so that there are fears that some ...

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