Russia’s President Vladimir Putin has won China’s support for his demand for binding security agreements from the West. China’s President Xi Jinping assured Putin of this in a video conference, a representative of the presidential office in Moscow announced on Wednesday. Earlier, Putin had briefed Xi on his recent conversation with US President Joe Biden. […]
In the transformation of China’s energy system, one issue is paramount: energy security. The shift away from coal to renewables will not be too abrupt. The recent power crisis and almost regular local blackouts over the past few years have shown the government the need for stable change. Gas will play a crucial role in […]
Certain companies operating in China will soon have to disclose their CO2 emissions. China’s Ministry of Ecology and Environment recently approved an “administrative measure” requiring companies to disclose environmental information. Some companies will have to publicly disclose total CO2 emissions for the current and previous year, as well as the annual emissions of all greenhouse […]
These are company names that barely make the headlines. But they are more relevant to the world’s climate than entire countries. China Baowu, the world’s largest steel producer, produces more CO2 emissions than Pakistan. Chinese carmaker Saic Motors produces CO2 emissions comparable to Argentina’s. And the manufacturer of building materials, China National Building Material Group, […]
Without China, the Paris climate targets can hardly be achieved. And without a restructuring of the CO2-intensive industries – steel, cement, petrochemicals, construction – China will hardly achieve its own targets. That is why the Ministry of Industry has now presented the appropriate five-year plan. It describes the next five years as the “decisive period” […]
Heavily indebted Chinese real estate group China Evergrande apparently can no longer service interest payments on its bonds. Some foreign creditors had not received their due interest payments at the end of the 30-day grace period, four people familiar with the matter told Reuters. The total amount involved is $82.5 million. Indications are thus mounting […]
Occasionally, strange “coincidences” can occur in geopolitics. For instance, Lithuania has just disappeared from China’s customs system for a few days. Curiously, trade is interrupted with the same country that recently turned to Taiwan and thus stood up to the People’s Republic. There was talk of a technical error. It is so thinly veiled that […]
China now has more than 300 gigawatts of grid-connected wind power capacity, the National Energy Administration announced. This means that capacity has doubled since 2016. Overall, China’s wind power capacity is 1.4 times higher than the EU and 2.6 times higher than the US. Despite the rapid expansion of wind power, coal remains China’s dominant […]
The USA is escalating the brewing conflict with China. They now have announced to not send any government representatives to the Olympic Games in Beijing. President Joe Biden is thus sending a very unwelcoming message. China will have to react accordingly to this diplomatic boycott; after all, Xi Jinping has styled himself and his country […]
According to insiders, Chinese real estate developer Evergrande is about to restructure its debt. This would include offshore bonds and private debt obligations, Bloomberg reported, citing people familiar with the matter. This would make the restructuring one of the largest in China’s history.Last Friday, Evergrande had for the first time acknowledged the need to restructure […]