Is This Really the Best Time for a China-Africa Summit?

Eric Olander, Cobus van Staden & more
Does it still make sense for China to put on big, expensive mega-summits with African leaders, like FOCAC, which will take place in Beijing in September? Facing a slowing economy and a potentially devastating trade war with the U.S., maybe China is...

China’s Gas Tariffs Are a Permian-Size Problem for Oil

Liam Denning
Bloomberg
The latest bit of America’s energy sector to feel the over-the-shoulder lash is the liquefied natural gas-export business. On Friday, LNG joined the list of goods that China will hit with tariffs in retaliation for U.S. ones. This...

Conversation

08.01.18

What Would a U.S. War—or Peace—with Iran mean for China?

Jarrett Blanc, Michael Kovrig & more
China is the largest buyer of Iranian oil, Iran’s largest trading partner, and arguably its most important positive political relationship. What do Trump’s threats to Iran mean for China’s relationship with the country? And how would a war between...

US-China Trade Brawl Threatens America’s Booming Oil Exports

Matt Egan
CNN
China is America’s second-biggest crude oil customer, and Beijing has threatened to retaliate against President Donald Trump’s trade crackdown by imposing tariffs on US crude oil.

China Has Decided Russia Is Too Risky an Investment

Maximilian Hess
Foreign Policy
On May 4, the planned investment by the Chinese company CEFC China Energy into Russian state oil giant Rosneft fell apart, eight months after it was first announced.

Angola: China’s Risky Gamble in Africa

Eric Olander, Cobus van Staden & more
China has loaned Angola an estimated U.S.$60 billion dollars since the two countries established diplomatic relations back in 1983, making it one of the top destinations for Chinese financing in Africa. Angola is especially attractive for the...

China’s Attempts to Supplant Dollar Face Historic Difficulties

Mike Bird
Wall Street Journal
The world’s first yuan-denominated oil contracts launched Monday, as part of China’s drive to turn its currency into a global force in markets.

China and the Philippines Will Work Together to Tap the South China Sea’s Vast Oil Deposits

Ralph Jennings
Forbes
China needs fuel to grow the world’s second-largest economy by 6.5% this year as established this week at annual legislative sessions.

Oil Spill off China Coast Now the Size of Paris

CNN
An oil spill from an Iranian oil tanker that sank in the East China Sea is now the size of Paris.

Huge Oil Spill Spreads in East China Sea, Stirring Environmental Fears

Gerry Mullany
New York Times
Greenpeace said the disaster occurred in “an important spawning ground” for fish.

East China Sea Oil Tanker Burns for Third Day as Winds, High Waves Lash Rescuers

Josephine Mason, Yuna Park
Reuters
The poor conditions, with rain and waves as high as 3 meters (10 feet), frustrated efforts to tame the fire and search for the 31 remaining tanker crew members, China’s Ministry of Transport said in a statement on Tuesday.

China Says It Will Limit Oil, Refined Product Exports to North Korea

CNBC
China's Commerce Ministry said on Friday it will limit exports of crude oil, refined oil products, steel and other metals to North Korea, in line with tough new sanctions imposed by the United Nations for Pyongyang's missile tests...

Tillerson offers North Korea talks ‘without preconditions’

Demetri Sevastopulo and Katrina Manson
Financial Times
US secretary of state Rex Tillerson offered to open direct talks with North Korea “without preconditions” in a new overture to Pyongyang that jars with the more confrontational stance of the White House.

Breakingviews - China's Oil Giants Brace for Electric Car Crash

Katrina Hamlin
Reuters
China’s push into new energy vehicles (NEVs) – including battery-powered and hybrid cars – could curb demand for black gold. Sinopec and PetroChina will be hardest hit. The policy will also add to downward pressure on global crude prices.

Exclusive: Russia’s Rosneft Aims for Big Boost in Oil Exports to China - Sources

Vladimir Soldatkin, Gleb Gorodyankin
Reuters
Russia’s largest oil producer Rosneft (ROSN.MM) wants to boost its supplies of oil to China through Kazakhstan to as much as 18 million tonnes (36,000 bpd) per year from around 10 million tonnes in 2017, three industry sources said on Friday.

China's ‘Teapot’ Oil Refiners Feel the Heat as Competition Grows

Anjli Raval and Neil Hume
Financial Times
China’s independent oil refiners face an uphill struggle as excess capacity in the sector and slower demand for fuel creates a tougher trading environment, a top executive has warned.

South Korea Calls for Cutting North Korea’s Oil Supplies but Russia Is Reluctant

Michelle Ye Hee Lee
Washington Post
Amid escalating tensions in the Korean Peninsula, South Korean President Moon Jae-In sought Russian backing Wednesday for calls to block critical crude oil supplies to the North Korean regime after its latest nuclear test.

Hong Kong Cleans Up 93 Tons of Palm Oil; Beaches Smothered By Spill

Donny Kwok and Anne Marie Roantree
Reuters
Hong Kong stepped up efforts on Wednesday to clean up a massive palm oil spill, with authorities scooping up more than 90 tonnes of foul—smelling, styrofoam—like clumps in one of the worst environmental disasters to blight the territory’s waters.

Asia Closes Mostly Lower Following Release of China Industrial Data; Fed Awaited

Cheang Ming
CNBC
Equities in Asia closed mostly lower on Wednesday as China data came in mostly in line with expectations and markets awaited the Federal Reserve's decision on monetary policy...

China Appears to be Losing Interest in Africa

Eric Olander, Cobus van Staden & more
Beijing-based investment attorney Kai Xue joins Eric and Cobus to discuss why he thinks Africa is no longer appealing to Chinese companies. Kai Xue is a longtime Sino-African affairs analyst and carefully monitors trade, foreign direct investment,...

China Is Squeezing North Korea - but Not Too Hard

Jethro Mullen
CNN
China wields huge influence over the North Korean economy, accounting for more than 80% of its smaller neighbor’s foreign trade and serving as its main gateway to the rest of the world.

China’s Emergence as Top U.S. Oil Buyer Highlights Economic Ties

Lucy Hornby
Financial Times
China was the top foreign buyer of U.S. crude in February, according to data that show the growing interdependence of the world’s big energy-consuming nations at a time of heightened geopolitical tensions. ...

China’s Oil Collapse Is Unintentionally Helping OPEC

Bloomberg
OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer.

Conversation

12.30.16

Rex Tillerson at State: What Will He Mean for U.S.-China Relations?

Barbara A. Finamore, Shen Dingli & more
On December 13, President-elect Donald Trump’s transition team announced the selection of ExxonMobil Chief Executive Rex Tillerson as Secretary of State. We asked ChinaFile contributors to respond to the choice with a specific focus on how Tillerson...

China Stands to Gain from OPEC Deal

Brian Spegele
Wall Street Journal
Output agreement could boost the country’s oil industry and reduce its reliance on Saudi crude

As China Shifts From Exporter to Importer, Fortunes Change

Owen Guo and Neil Gough
New York Times
Daqing is home to China’s biggest oil field, and the city’s troubles reflect a broader reality for the country: Once a major exporter of oil, China is now one of the world’s biggest net oil importers.

China Rethinks Approach After Surge in Lending to Risky Countries

Christian Shepherd, Lucy Hornby and...
Financial Times
Lower oil price wreaks havoc on debt repayments

China Rethinks Its Alliance With Reeling Venezuela

Kejal Vyas
Wall Street Journal
Concerns prompted emergency meetings between the Chinese envoy and state companies.

China Peacekeepers Killed in South Sudan as Civil War Looms

Okech Francis and William Davison
Bloomberg
Heavy clashes continued early Monday near the UN’s two bases in the capital Juba.

Why the Stakes Are So High for China in South Sudan

Eric Olander, Cobus van Staden & more
Nowhere else in Africa do China’s financial, diplomatic, and geopolitical interests confront as much risk as they do in South Sudan. Beijing has invested billions of dollars in the country’s oil sector, deployed over a thousand troops to serve as U...

Russia Deals Deepen India Hold in China Oil-Buying Backyard

Debjit Chakraborty and Saket Sundria
Bloomberg
India is replacing China as the center of the world’s oil demand growth as its economy expands faster than any other major country.

Africa’s Role in China’s One Belt, One Road Global Trade Strategy

Eric Olander, Cobus van Staden & more
China’s lofty ambition to revive its ancient silk road trading routes is now becoming a reality. When complete, One Belt, One Road (OBOR), or the Maritime Silk Road as it is more commonly known, will connect China via rail and shipping links with...

China/Africa Vs. China/South America

Eric Olander, Cobus van Staden & more
China’s engagement in Africa is often seen by many observers in a vacuum without a broader understanding of how the relationship compares to Beijing’s strategy in other regions of the world. South America, in particular, provides an interesting...

China’s Risky Gamble to Become a Major Player in the Middle East and North Africa

Eric Olander, Cobus van Staden & more
Chinese president Xi Jinping’s three-country tour of the Middle East and North Africa offers yet another example of Beijing’s expanding drive for increased global influence. During his first visit to the region, Xi traveled to Saudi Arabia, Egypt,...

China to Build Naval Hub in Djibouti

Jeremy Page and Gordon Lubold
Wall Street Journal
Beijing confirms for the first time plans for East African nation, already home to U.S. base.

Conversation

11.24.15

The China Africa Relationship: Crossroads or Cliff?

Cobus van Staden, Eric Olander & more
As we approach the sixth Forum on China-Africa Cooperation (FOCAC) Summit in Johannesburg, we try better to understand the main issues that surely will arise when Chinese President Xi Jinping and South African President Jacob Zuma meet on December 4...

China Has Passed Canada as the Biggest U.S. Trading Partner––Thanks to Oil Prices

Richard Macauley
Quartz
Crude oil, a key export for Canada, has dropped from a 2014 peak of $107 per barrel to just $44 today (Nov. 9)

China’s Risky Oil Strategy in Africa’s Sahel Region

Eric Olander, Cobus van Staden & more
Chad is one of the poorest, most corrupt, and, increasingly, most volatile countries in Africa. A recent wave of suicide bombings, allegedly orchestrated by Boko Haram, killing 36 and injuring 50, highlights the perilous challenges of doing business...

Putting the Past Behind in China

Chris Horton
New York Times
The days of China’s relying on export manufacturing and infrastructure construction as drivers of economic growth are gone.

China Is Hoarding the World's Oil

Grant Smith
Bloomberg
Goldman Sachs says Chinese hoarding may avert $20 oil scenario.

Features

09.14.15

Sino-Russian Trade After a Year of Sanctions

Alexander Gabuev from Carnegie Moscow Center
After a year of intense flirtation, the Sino-Russian relationship is beginning to look like a one-sided love affair. Indeed, Russian President Vladimir Putin’s visit to China last week—his first since the United States and European Union enacted...

In Africa, Those Who Bet on China Face Fallout

Patrick McGroarty and Matina Stevis
Wall Street Journal
Economic slowdown in China exacerbates strain for trading partners in Africa.

Caixin Media

08.11.15

Auditors Probe Sinopec, Savvy Broker in Angola

Government auditors are taking a closer look at U.S.$10 billion worth of offshore oil investments by state-run China Petroleum & Chemical Corp. (Sinopec) that owe their existence to a Hong Kong businessman with a flair for networking in the...

China’s Role in Africa’s ‘Looting Machine’

Eric Olander, Cobus van Staden & more
China goes to great lengths to differentiate its engagement in Africa from the continent’s former European colonizers by emphasizing so-called “win-win development.” Chinese leaders regularly visit Africa where they emphatically reject the...

Oil Prices Rise on China Recovery and Iran Deadlock

Nicole Friedman and Matthew Cowley
Wall Street Journal
Oil prices climb as Chinese stocks rebounded, easing concerns about China’s economic growth, and expectations of higher Iranian crude-oil exports receded.

Caixin Media

05.19.15

Why Xinjiang’s Economy Is Sputtering

It has been almost one year since a terrorist bombing in Urumqi, the capital of the Xinjiang region, shocked the nation and brought economic woes and social conflicts in the largely Uighur-populated area into the spotlight again.I arrived by train...

Caixin Media

04.28.15

Saudi Aramco’s Al-Falih on China Collaboration

Saudi Arabian Oil Company President and CEO Khalid A. Al-Falih has seen global oil prices rise and fall through at least six market cycles during his more than 30 years with the world’s largest crude producer and exporter.Al-Falih, 55, joined the...

China’s Big Plunge in Pakistan

The Editorial Board
New York Times
 If China can advance a stable Pakistan through development programs, the whole region would benefit.

China’s One Belt, One Road Initiative

Jacob Stokes
Foreign Affairs
Beijing looks West toward Eurasian integration.

Philippines Starts South China Sea War Games With U.S.

Norman P. Acquino
Bloomberg
More than 11,000 soldiers from the Philippines, U.S. and Australia will take part in joint drills in the South China Sea.

Petrobras Deepens China Tie With $3.5 Billion Loan Deal

Juan Pablo Spinetto
Bloomberg
The world’s most indebted oil producer bolsters ties to China as corruption scandal shuts it out of international bond markets.

Conversation

02.27.15

Are China and Russia Forging a New Ideological Bloc?

Jacqueline N. Deal, Wu Jianmin & more
With evidence of ties strengthening between Beijing and Moscow—over energy contracts, the handling of the Ukraine, and their diplomats' stance toward outside interference in internal affairs, especially if it's perceived as coming from...

Large South China Sea Gas Field Discovered South of Hainan

Xinhua
The China National Offshore Oil Corp has identified over 100 billion cubic meters of natural gas at the Lingshui 17-2 gas field.

The South China Sea: Oil on Troubled Waters

The Economist
Economist
Two Chinese oil companies show contrasting approaches in their attempts to operate in the South China Sea where, to the discomfort of its smaller neighbours, China’s claims in disputed waters have grown increasingly assertive.

Environment

01.15.15

China-Latin America Summit ‘A Missed Opportunity’ on Low-Carbon Energy

The first major meeting of Chinese and Latin American leaders agreed closer cooperation on trade, investment, and industry, but is more likely to usher in deals on oil and gas rather than renewable energy, analysts said in response to a summit that...

Falling Oil Prices Push Venezuela Deeper Into China’s Orbit

Peter Wilson
Businessweek
The late Hugo Chávez cozied up to China as part of his drive to curb U.S. influence in the Americas. Maduro, like his predecessor, has relied on Beijing to underwrite Venezuela’s flagging socialist revolution and finance the country’s gaping fiscal...

China Corruption Watchdog Launches Inspections, Eyes Sinopec

Judy Hua and Paul Carsten
Reuters
The inspectors, part of China's Central Commission for Discipline Inspection (CCDI), will focus on senior figures within Sinopec who may be promoted to leadership roles...

Viewpoint

11.21.14

What Will Make the U.S.-China Climate Deal Work

Mark Hertsgaard
Nearly everyone agrees that the U.S.-China climate announcement is a big deal, but most observers have overlooked what truly makes it a game-changer: if the world’s two climate change superpowers limit their greenhouse gas emissions, it will have...