China vehicle sales may climb about 5 percent this year, the slowest pace since 1998, as a cooling economy and rising job insecurity damp demand, the China Association of Automobile Manufacturers said yesterday.
China’s vehicle sales grew at the slowest pace for at least three years at 6.7 percent to 9.38 million units last year, the [...]
Power demand and output in China will continue to fall this year because of slower economic growth, the State Electricity Regulatory Commission said yesterday.
Power stations will operate at reduced rates, the Beijing-based commission said in a statement posted on its Website. “Unsolved problems” in coal and power pricing will add to operational difficulties, it said.
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China, the world’s largest metal consumer, discarded a plan to buy copper to support domestic smelters because producers are still profitable and inventories aren’t high, government and company officials said.
Copper smelters are still able to sell their products unlike aluminum makers, one of the officials said. The State Reserve is buying 290,000 metric tons of [...]
China will reportedly raise natural gas prices within the year in an effort to ensure healthier profits for the sector, the Shanghai Securities News reported, citing unnamed sources.
The country’s largest oil and gas producer, China National Petroleum Corp (CNPC), has suggested that the central government take that route, said the report.
Tags: CNPC, Petroleum, Sinopec
The global financial crisis has stolen much of the glitz and glamour associated with the North American International Auto Show here as global automakers are struggling to cut costs and stay afloat. However, it has also given Chinese vehicle manufacturers an opportunity to showcase their products and plans for the US market.
Leading Chinese automobile brands [...]
The National Development and Reform Commission has ruled out a further reduction in the prices of gasoline and diesel, despite the fall in global crude prices.
The NDRC, which sets energy policy and fuel prices in China, said it would not lower the December ceiling of retail oil products.
The watchdog said it would not be able [...]
