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News on Energy & Resources in China

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How foreign petrol stations will compete in China
Oct 5, 2018 (WiC 427)

Two cars drive into a Gulf Oil filling station. They are 105 years and two continents apart. One driver admires the station’s pagoda-shaped design, and the other the cheap fuel on sale. Which motorist was living in the US in 1913 and which one ...

Alternative energy

PetroChina has turned to Qatar for LNG imports
Sep 21, 2018 (WiC 425)

Such is the oil boom in Texas that the state would count as the fourth largest member of OPEC if it were a member country, behind Saudi Arabia, Iran and Iraq. Indeed, the Lone Star state could pump more oil than Iran and Iraq next year, HSBC has ...

Russian roulette

Netizen concern over nuclear deal with Moscow
Jun 22, 2018 (WiC 414)

When a reactor blew up at Chernobyl in April 1986, the Russian authorities sent in firemen with shovels to clear radioactive debris from the plant’s roof. The men wore thin paper masks to protect themselves from the fallout. When their skin ...

Time to take charge

Why Chinese firms are driving the investment boom in lithium
Jun 1, 2018 (WiC 411)

First discovered in ore at a Swedish iron mine in 1817, lithium was initially recommended as a remedy for gout and it had another unsuccessful stint as treatment for high blood pressure. From the 1950s it was more widely prescribed as a mood ...

Men of mystery in spotlight

Tycoons behind CEFC and Zhongzhi sell key assets to state firms, who’s next?
Mar 23, 2018 (WiC 402)

Everyone understands what it means when someone complains that they cannot see the wood for the trees. It is a saying rooted in the mists of time, traversing languages and cultures. And nowhere is it more applicable right now than in China ...

Atomic ambitions

Latest merger signals Chinese aim for global leadership in nuclear power
Mar 9, 2018 (WiC 400)

The Americans have Los Alamos in New Mexico and China has Plant 221 in Qinghai province. The two locations were the birthplaces of atomic bomb programmes. Today they are both open to tourists, with one major difference. Foreign nationals can’t ...

Local difficulties

Shaanxi-based SOE energy producers at loggerheads over drilling rights
Mar 2, 2018 (WiC 399)

After overthrowing the Ming Dynasty in the seventeenth century, the new Manchurian rulers seized large amounts of land around Beijing for nobles and soldiers from their Eight Banners army. Aside from being a means to reward their military ...

A question of quality

How the latest scandals from Japan could benefit China Inc
Nov 3, 2017 (WiC 386)

One of Japan Inc’s greatest admirers was Deng Xiaoping. On visiting a Nissan car plant in 1978, China’s then leader marvelled at the high level of automation, which meant one worker could produce 94 cars, whereas China’s First Auto Works ...

Tea party trouble

Shandong’s ‘teapots’ are trying to team up
Oct 27, 2017 (WiC 385)

A Chinese proverb predicts that “Like tea, a true warrior shows his strength in hot water”. It’s a folksy reminder too for China’s 31 independent refiners, known locally as ‘teapots’ because of their small size compared to the four ...

Friends in high places

China’s most mysterious oil baron is striking some stunning deals
Sep 22, 2017 (WiC 381)

The prices of commodities tend to be more volatile than those of other major asset classes. Moreover, institutional investors have to put up with a variety of market players that are huge but often relatively inscrutable. Take Glencore. The ...

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