China will put more efforts on securing the supplies of coal, oil and gas, especially during the upcoming Chinese New Year holidays, as the government made recent calls to stabilize market supplies. The decision was made on the sidelines of the executive meeting of the State Council, China’s cabinet, presided by Chinese Premier Li Keqiang...
As reported by General Office of the People’s Government of Zhejiang Province, a few people were tested Covid-19 positive in Beilun as one of Ningbo’s administrative districts. Of the five container terminals in Ningbo, 3 terminals Ningbo Beilun Container Terminal (NBCT), Ningbo Beilun Second Container Terminal (NBSCT), Ningbo Beilun Third Container Terminal (NBTCT) are located...
If the US port congestion problem is not alleviated in the two months after the Chinese New Year in 2022, or by the peak export season which arrives in second half of the year, US port congestion may become more serious, and it will not be fundamentally alleviated even by the end of 2022, Han...
China will reduce or cancel tariffs on certain imported goods and materials starting in 2022 in a bid to support the new development pattern and promote high-quality opening, according to the Ministry of Finance. The new interim tariff rates on imports, which will be lower than Most Favored Nation (MFN) tariff rates, will apply to...
SHANGHAI, Dec 13 (Reuters) – More than a dozen Chinese-listed companies said they had suspended production in coronavirus-hit parts of China’s eastern Zhejiang province in response to local government’s tightened COVID-19 curbs, causing their share prices to plunge. Zhejiang reported a total of 173 locally transmitted cases with confirmed symptoms during the Dec. 6-12 period,...
The reemergence of COVID-19 in the Chinese Ningbo city, which houses state owned oil and gas major Sinopec’s flagship 27 million mt/year (540,000 b/d) Zhenhai Petrochemical refinery, will have little effect on the country’s crude throughput in December because of its rigorous efforts to contain infections, refining sources and analysts said Dec. 9. China has...
Five new cases of COVID-19 were reported by local authorities on Tuesday in Ningbo, Zhejiang province. The cases were detected during mass testing, which began on Monday to prevent further infection after the city reported three cases in its Zhenhai district on Monday. Closed management was imposed across the district as Ningbo upgraded its emergency...
China’s factory activity beat market expectations and returned to expansion in November as power shortages in some provinces were mostly resolved and prices for major raw materials fell, official data showed on Tuesday. Experts said that the manufacturing Purchasing Managers’ Index (PMI) will remain in expansion territory in December, but pressure from the external environment...
The first direct China-Europe freight train service linking southwest China’s Guizhou Province and Russia’s Moscow started service Thursday. Loaded with goods including guitars, electronics and ceramics, the inaugural train is expected to arrive in Vorsino, Moscow on Dec. 3, according to Guizhou provincial commerce department. There is no transit stop along the new route and...
Sales of wool products from North China’s Inner Mongolia Autonomous Region have been disrupted amid a recent flare-up of coronavirus in the region. Authorities of different places across China, including Beijing, have issued notices to remind residents to take precautions upon receiving packages. A manager of a wool products factory in Hohhot, capital city of...