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Tag Archives: china

Wyoming: hotspot for Chinese investments

In a recent study from the Rhodium Group and National Committee on US-China Relations, China appears to be pouring significant commercial investment into the United States—a stark contrast in roles for both countries since the 1980s. Chinese firms spent nearly $46 billion in foreign direct investments (FDI), which the study says bolsters the U.S. “growth, employment, competitiveness, and innovation.” As ...

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China boosts oil trading visibility, market power: Russell

(Clyde Russell is a Reuters columnist. The views expressed are his own.) SINGAPORE – If you are looking for evidence that China is becoming more assertive in the global economy, then the trading of physical crude oil in Asia is a good example. Chinaoil, the trading arm of state-controlled giant PetroChina, bought a record 55 cargoes in the Middle East ...

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Hong Kong regulator probes Hanergy for market manipulation – source

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HONG KONG – Chinese green energy firm Hanergy, whose shares plunged nearly 50 percent on Wednesday, is under investigation by Hong Kong’s market watchdog for alleged market manipulation, a source familiar with the situation told Reuters. The source said the Securities and Futures Commission (SFC) had been investigating Hanergy Thin Film Power Group for several weeks. “They’re being investigated over ...

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China crude imports to pick up as storage, buyers emerge

SINGAPORE – China’s appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United States imports last month for the first time, analysts and traders say. China’s crude oil imports hit a record 7.37 million barrels per day (bpd) in April, making it the ...

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China becomes world’s top crude buyer despite economy stuttering

SINGAPORE – China overtook the United States as the world’s top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil and commodities markets. The soaring imports came as a surprise as growth in the world’s second-largest economy was sputtering and its ...

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GM of China’s largest oil refiner under investigation

BEIJING — The general manager of China’s largest oil refiner, Sinopec, has been placed under criminal investigation amid an ongoing crackdown on corruption. A one-sentence notice from the ruling Communist Party’s anti-corruption watchdog body on Monday said Wang Tianpu was suspected of serious violations of laws and discipline. The phrase usually refers to corruption and abuse of power. Wang had ...

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China economic stimulus may do little for commodities: Russell

(Clyde Russell is a Reuters columnist. The views expressed are his own.) LAUNCESTON – It used to be a fairly safe bet that weak Chinese growth numbers would spark government stimulus measures, thereby boosting commodity import demand and prices. While the soft first quarter gross domestic product (GDP) numbers may well result in a relaxation of monetary policy and measures ...

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