China is set to import this month the highest crude oil volumes since August, as oil prices slumped amid demand concerns in early September when most November cargoes were likely contracted. The world’s top crude oil importer is estimated to import about 11.4 million barrels per day (bpd) of crude, Reuters columnist Clyde Russell reports,…
Japanese firms in China are becoming more pessimistic about the world’s second-biggest economy, with about two-thirds saying it’s getting worse and almost half scaling back or halting their investments. About 64% of Japanese companies said the Chinese economy is faring worse than last year, according to the latest survey from the Japanese Chamber of Commerce…
China’s copper importers are reining in the amount of tonnage they buy through annual supply negotiations, once a bellwether for the global metal market, and opting for spot supplies instead. For 2025, buyers in China will take less refined metal under yearly contracts than they did this year, including from producers like Chilean copper giant…
I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at China’s options if Trump delivers on his tariff threats. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. One of…
Chinese President Xi Jinping told Italian President Sergio Mattarella that China is willing to import more of Italy’s high-quality products and expand their business ties. Italy can also play an active role in enhancing cooperation between China and Europe and in Europe’s participation in tackling global challenges, state-run China Central Television quoted Xi as saying…
China’s export growth surged in October to the fastest in more than two years, extending a months-long run of resilience that helped sustain the economy before a barrage of stimulus measures aimed at shoring up domestic demand. Exports rose 12.7% in dollar terms from a year earlier and imports fell 2.3%, the customs administration said…
China has lodged a complaint with the World Trade Organization over the European Union’s final tariffs on Chinese electric vehicle imports, escalating a dispute that’s straining an already fraught relationship. Beijing brought the case to the WTO’s dispute settlement mechanism on Monday to “safeguard the development interests” of the EV industry, according to a statementBloomberg…
China’s top coal producers are accelerating a move into power generation as fuel prices drop and electrification takes center stage in China’s low-carbon transition. Profits this year at miners such as China Shenhua Energy Co., the country’s biggest producer, and China Coal Energy Co., have come under pressure as the market has weakened. Nationwide mining…
Recent strength in Hong Kong’s economy petered off in the third quarter, with growth at 1.8 per cent year on year, prompting a coming revision of the government’s full-year forecast in the middle of November. The Census and Statistics Department, which released advance estimates on Thursday, said it would revise the gross domestic product (GDP)…
The European Union will impose higher tariffs peaking at 45% on electric vehicles from China, ratcheting up trade tensions between the world’s leading export powers. The regulation introducing the levies will be published on the EU’s official journal Wednesday. That paves the way for their entry into force later this week after months of negotiations,…