oil prices

Is Insourcing More Than Just Wishful Thinking?

In January, The New York Times published an investigation into how the U.S. had lost out on manufacturing work for products “Designed by Apple in California” but “Assembled in China”. The report cited the...

China's New Competitors

The Wall Street Journal’s Joseph Sternberg examines the erosion of China’s manufacturing supremacy due to rising transport and labour costs, and possible consequences of this shift: … [The] warning to Beijing...

China Cuts Interest Rates; Oil Prices Surge

The People’s Bank of China, the country’s central bank, announced the largest interest rate cut in 11 years today in an effort to get the economy moving again. From the New York Times: The central bank, the People’s...

China Sharply Hikes Energy Prices

From AFP: China sharply raised domestic energy prices across the board on Friday, as authorities shifted policy in the face of complaints that price controls were causing turmoil on global oil markets. The move immediately sent...

Oil Drops as China Says it Will Raise Fuel Prices

From AP: Oil prices dropped Thursday after China said it will raise fuel prices, a move that could dampen the booming Asian nation’s oil consumption. Retail gas prices slid overnight. Light, sweet crude for July delivery...

Chinese Carriers Cut Flights Over Fuel Costs

From AFP: Two major Chinese airlines plan to cut the number of international flights they offer due to spiralling fuel costs, at least temporarily, the carriers said Tuesday. China Southern Airlines, the country’s top...

China to Freeze Energy Prices in an Effort to Quell Worries About Inflation – Jim Yardley

The New York Times reports that the government will freeze energy prices, while also setting price controls on other key consumer goods, in an effort to curb inflation: Prime Minister Wen Jiabao responded Wednesday to growing public anxiety about inflation by announcing that China would freeze energy prices in the near term, even as international […]

Chávez, China Cooperate on Oil, But for Different Reasons – Sara Miller Llana and Peter Ford

From the Christian Science Monitor: One country’s motivation is political, the other’s pragmatic. Venezuela is seeking a strategic geopolitical alliance, China a steady supply of energy. A new oil exploration deal between the two countries – China’s largest single investment in an overseas energy project to date – makes US officials nervous. But with Chinese […]

China Subsidizes Rural Transportation – AP

From AP via usatoday.com: China’s central government has subsidized transportation in rural areas and urged local officials to help the urban poor after it raised fuel prices by nearly 10% this past week, state media reported. Those who price gouge or spread rumors about the practice will be “severely punished” in order to maintain stable […]

China boosts global role with US/Asia energy meet – Reuters

From Reuters: China will host a summit of top U.S. and Asian energy officials next month, government officials said on Tuesday, as Beijing seeks a greater say in coordinating global consumer-nation policy to help rein in oil prices. Government officials from China, India, Japan, South Korea and the United States will attend the October 23-26 […]



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