Gas stations in parts of China are rationing and even halting diesel sales amid a fuel shortage triggered by a widening gap between soaring crude oil prices and government-controlled retail prices, the financial chief of China’s biggest refiner said yesterday.
“Oil prices are rising but [domestic] oil product prices are kept low by the government. The [...]
China’s huge appetite for coal to power its booming economy is racing ahead of its capacity to transport the fuel and helping to boost imports.
Exports are about 20pc lower than last year as high prices and strong demand keep coal within the China’s borders.
This is putting renewed pressure on China’s already hard-pressed coal transportation infrastructure. [...]
Cosco Pacific<1199>, a leading container terminal operator in Asia, reported its nine-month net profit jumped up by 10.7%, coupled with its earnings up to US$242.5 million, boosted by the exports growth in China.
Its net profit in the third quarter alone grew 14% to US$94 million, and earnings per share was US$0.0417, according to the company’s [...]
Natural gas output may reach 150 billion cubic meters by 2020, almost triple the current annual production, forecasted Qiu Zhongjian, an academician at the Chinese of Engineering in a forum held by the China National Committee of World Petroleum Council.
The natural gas production will keep growing, as China’s largest oil and gas producer PetroChina makes [...]
The new regulation on foreigners investing on property market didn’t discourage foreigners’ hunger for Chinese real estate.
In February this year, a new rule was announced in attempt to curb speculative activities in the property market. According to the rule, foreigners have to get certificates from the Beijing Municipal Public Security Bureau to prove that they [...]
China Life Insurance Co has beaten AT& T Inc in market value, brought China to the leading position with five of the world’s top 10 companies, compared to three for the U.S.
The five Chinese firms are China life Insurance Co<601628><2628><LFC>, PetroChina<857><PTR>, China Mobile<941><CHL>, Industrial & Commercial bank of China (ICBC)<601398><1398> and China Petroleum &Chemical<600028><386><SNP>.
Tags: China-Life, [...]
