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News on Energy & Resources in China

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Treasure or trash?

Chaos in Cushing as Chinese investors are hit hard by oil price collapse
May 1, 2020 (WiC 493)

How many people could find Cushing (population: about 8,000) on a map? Maybe a few more since the small town in Oklahoma took centre-stage in an unprecedented panic in the oil world. Within a few hours the reverberations were being felt thousands ...

State press shoots down report that China will profiteer from oil
Apr 3, 2020 (WiC 489)

“The coronavirus is stalling other countries’ economies, but the world’s factory will be able to produce more products to extend China’s influence across the world.” So concluded a recent editorial on QQ.com, framed by widely ...

Toast of the town

Jingye completes British Steel deal, saving thousands of jobs
Mar 20, 2020 (WiC 487)

The moment last year that Jingye Group confirmed its offer for the fallen industrial giant British Steel was captured by smartphone at a rough-and-ready pub in Scunthorpe in northern England (see WiC474). Footage from the venue saw the Chinese ...

As the Saudis slash the price of oil, what’s the impact in China?
Mar 13, 2020 (WiC 486)

The politics of the oil market turned even more predatory than normal when Saudi Arabia fired the first shots in a seismic price war last weekend. The Saudis were furious that Russia refused their request for production cuts. The Russians said no ...

Musk shoots for the roof

Tesla eyes China’s solar market for next big growth opportunity
Mar 5, 2020 (WiC 485)

In the Michael Lewis classic Liar’s Poker there is a memorable line about Lewie Ranieri, the buccaneering head of the mortgage bond department at Salomon Brothers in the 1980s. He’s sure of his gut instinct: his irreverent response ...

Sinopec starts selling fresh veggies as virus crimps energy demand
Feb 28, 2020 (WiC 484)

Joseph Stalin once attributed the Allies’ victory in the Second World War to the industrial might of the US. Supplying two-thirds of the military equipment used by the alliance, the Americans churned out more than double what the Axis could ...

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 ...

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