Tag China

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China’s industrial profits fell sharply from January to August

The National Bureau of Statistics (NBS) reported Tuesday that industrial profits fell 2.1% in the first eight months of 2022 from a year earlier, following a 1.1% decline in the January-July period. The Chinese economy surprisingly recovered in August. Factory…

white oil tanks under the blue sky

China’s crude oil demand rises as refineries ramp up production

At least three Chinese state-owned refineries and large private refineries are considering increasing production by up to 10% in October compared with September. Stronger demand is expected and fuel exports may increase in the fourth quarter. Chinese refiners expect Beijing…

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China’s coal imports from Russia at 5-year high in August

According to China’s customs authority, China imported more coal from Russia in August than in July, reaching at least its highest level in five years. China is seeking overseas power suppliers to meet peak demand during extreme heat. According to…

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