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...
by victoriawu | Apr 22, 2011
Earlier CDT reported on the three-day strike in Shanghai by truck drivers angry over rising fuel prices and new fees. Thousands of drivers reportedly blocked cargo ports in Shanghai in protest. In an effort to defuse the...
by Sophie Beach | Mar 5, 2009
Today at the NPC session, Premier Wen Jiabao put to rest rumors that China was going to launch another economic stimulus plan. From Bloomberg: Oil dropped 3.9 percent after Chinese Premier Wen Jiabao said today that the...
by Xiao Qiang | Jun 19, 2008
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...
by Kate Zhao | Jan 9, 2008
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 […]
by Liu Yong | Jan 2, 2008
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 […]
by Liu Yong | Dec 7, 2007
From Reuters: China’s bid to end fuel shortages by ordering refiners to beef up supplies puts only a temporary cap on a problem that may keep bubbling up until the government bows to market forces. If global crude prices...
by Kate Zhao | Nov 4, 2007
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 […]
by Kate Zhao | Oct 19, 2007
From Bloomberg News, International Herald Tribune and Reuters via International Herald Tribune: The price of oil rose to a new high Friday, breaching $90 a barrel for the first time, and the dollar hit a new low versus the euro before a meeting of officials from the Group of Seven industrialized nations . But it […]
by Wu Nan | Sep 19, 2006
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 […]