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April 30, 2021
China dispatches vessels to contain oil spill in Yellow Sea 29 Apr 2021 (Last Updated April 29th, 2021 15:50) The China Shandong Maritime Safety Administration has dispatched roughly 12 vessels to contain an oil spill in the Yellow Sea near the Qingdao port. Share Article The oil spill was caused due to a collision between two vessels. Credit: Abdiel_Ant on Unsplash. The China Shandong Maritime Safety Administration has dispatched roughly 12 vesse...
April 28, 2021
People’s Bank of China: a guide to China’s interest rates Rebecca Cattlin April 28, 2021 10:26 AM The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets. Share: What is the central bank of China? The central bank of China...
April 28, 2021
Crews start cleaning up oil spill off Chinas Qingdao port 28 Apr 2021 / 14:37 H. Cranes are seen at the port of Qingdao in Shandong province, China, following an oil spill in the Yellow Sea caused by a collision between tanker A Symphony and bulk vessel Sea Justice off the port, April 28, 2021. –Reuters QINGDAO, CHINA: Clean-up crews worked on Wednesday to contain an oil spill in the Yellow Sea near the Chinese port city of Qingdao, a day after a collision between a tanker carrying aroun...
April 28, 2021
Crews clean up oil spill off Chinas Qingdao port 4/28/2021 Clean-up crews worked to contain an oil spill in the Yellow Sea near the Chinese port city of Qingdao, a day after a collision between a tanker carrying around a million barrels of bitumen mix and a bulk vessel in thick fog. A preliminary study estimated about 500 tons (3,420 barrels) of oil had been spilled but this needs to be assessed further, a Shandong Maritime Safety Administration official who declined to be identified told Reu...
April 28, 2021
Crews start clean-up of oil spill off China’s Qingdao port Clean-up crews worked on Wednesday to contain an oil spill in the Yellow Sea near the Chinese port city of Qingdao, a day after a collision between a tanker carrying around a million barrels of bitumen mix and a bulk vessel in thick fog. A preliminary study estimated about 500 tonnes (3,420 barrels) of oil had been spilled but this needs to be assessed further, a Shandong Maritime Safety Administration official who declined to be iden...
April 27, 2021
By Addison Gong 26 Apr 2021 In this round-up, Beijing decides to leave ‘clean coal’ out of the latest list of eligible projects for green bonds, stock exchanges in Shanghai and Shenzhen plan to tighten approval for bond issuance, and the first batch of public infrastructure real estate investment trusts (Reits) are being reviewed at the two bourses. China has kept the loan prime rate (LPR), the benchmark lending rate, unchanged for the 12th consecutive month in April. The one year LPR remai...
April 21, 2021
Zhou Warns of Stimulus Cost; Xi Urges Cooperation: Boao Update Bloomberg 1 hr ago Bloomberg News © Getty Images via Bloomberg Xi Jinping gives his address during the Boao Forum for Asia (BFA) Annual Conference 2021 in Hainan province on April 20. (Bloomberg) -- China’s annual Boao Forum entered its last day, with former central bank governor Zhou Xiaochuan warning of inflation risks caused by global stimulus policies adopted during the Covid-19 pandemic. Popular Searches ...
April 21, 2021
PBOC Governor Vows to Limit Investment in Carbon Assets Bloomberg 4 hrs ago Bloomberg News © Photographer: Emmanuel Wong The Peoples Bank Of China (PBOC) in the Financial Street in Beijing, China. (Bloomberg) -- China’s central bank will limit investment of the country’s foreign exchange reserves in high-carbon assets as part of the nation’s efforts to cut carbon emissions and move toward a greener economy, Governor Yi Gang said. “We will continue to increase the al...
April 20, 2021
Bloomberg News, Bloomberg News (Bloomberg) -- Chinaâs pledge to become carbon neutral by 2060 poses an existential threat to polluters that could have ramifications for the financial sector, a former central bank adviser said. âHigh-carbon emission companies and industries in China will have to exit the market in the next 30 years if they canât cut down their emission, and this will bring about huge financial risks,â Ma Jun, previously a member of the Peopleâs Bank of ...
April 18, 2021
Chinas Energy Security Fears Slow Climate Drive Apr 17, 2021 7:30:pm Summary Chinas growing concerns over energy security and potential conflicts with the United States may be slowing its efforts to fight climate change, experts and recent reports say. by: Michael Lelyveld, Radio Free Asia Posted in: Chinas Energy Security Fears Slow Climate Drive After more than a decade of rising reliance on imported oil and gas, Chinas government has been reluctant to acknowledge ...