October 25 2022 🕓 2 min
Crude oil falls down despite tight production policy
OPEC’s policy on crude oil production had the opposite effect. Oil hits $82 price tag, and poor economic data in China signal lower demand. What does it mean?
Tag: china
October 24 2022 🕓 3 min
AUD/USD falls like a stone, erases Friday’s gains
This week's economic calendar is dominated by Australian inflation data, which is due later in the week.
October 22 2022 🕓 2 min
China plans to build a truly giant offshore wind farm
China has ambitious plans for wind farms. This is confirmed by this huge project to be built off the city of Chaozhou.
October 16 2022 🕓 3 min
Volkswagen wants to strengthen its position in China
German carmaker Volkswagen has agreed a joint venture with Chinese firm Horizon Robotics. It's another step towards autonomous driving.
October 9 2022 🕓 2 min
Massive drop in demand for chips incoming?
Chip shortages have recently constrained the production of a large number of companies. Is the period of high demand now coming to an end?
September 21 2022 🕓 2 min
China has 50 years of coal reserves
In pursuit of its energy security, China is increasingly producing energy from coal, of which it has plenty for now.
September 19 2022 🕓 2 min
China doubles its gasoline exports
China's gasoline exports rose nearly 100% year-on-year in August. Refineries took advantage of new export quotas.
September 7 2022 🕓 2 min
Chinese yuan weakens – the central bank had to step in
China's central bank cut the number of foreign exchange reserves while setting a stronger-than-expected fix exchange rate.
September 2 2022 🕓 2 min
Russian foreign exchange reserves in Chinese yuan?
Russia is considering buying Chinese yuan and currencies of other countries considered friendly for a total of $70 billion this year.
September 1 2022 🕓 3 min
US restricts chip exports to China
The US government has ordered two leading chipmakers to restrict exports of their powerful products to China.
Audio article September 1 2022 🕓 3 min
China doesn’t like Biden’s $1.2bn arms sale to Taiwan
While the conflict between Russia and Ukraine seems to be slowly fading away, a new dispute may arise between China and Taiwan.
August 30 2022 🕓 2 min
The biggest bank fraud in China cost people billions
Hundreds of people were arrested in connection with the biggest bank scandal in China, which included $5.8 billion of stolen funds.