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Fed's modest hike not seen roiling mkts

The 25 basis point increase in interest rates announced by the United States Federal Reserve on Wednesday is largely in line with market expectations and unlikely to exert negative impact on China's capital markets, experts said.

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Experts downplay impact of Fed hike

The United States central bank's unrelenting monetary tightening to rein in runaway inflation led to yet another interest rate hike on Wednesday, but it will have a limited long-term impact on China's economic prospects, thanks to the country's stable monetary policy and ongoing economic recovery, experts said on Thursday.

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Experts downplay risk to RMB stability

With the US Federal Reserve continuing to tighten its monetary policy sharply, the world's major currencies, including the Chinese yuan, are experiencing downward pressure, but excessive concern over the renminbi's depreciation is unwarranted, given China's strong economic fundamentals and its $3 trillion in foreign exchange reserves, experts said on Thursday.

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CNOOC pledges spending push for digitalisation

Chinese giant plans to spend $375 million over the next five years drive to improve efficiency and cut costs

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CNOOC's 'smart' natural gas project enabling collaborative fuel output

CNOOC's 'smart' natural gas project enabling collaborative fuel output
By ZHENG XIN |
China Daily |
Updated: 2021-04-30 08:55
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An employee of CNOOC cleans LNG transmission facilities in Qingdao, Shandong province. [Photo by Yu Fangping/For China Daily]
China National Offshore Oil Corp, or CNOOC, said on Thursday that its "smart" natural gas project in the South China Sea will help make offshore oil and gas production in the country more digital and intelligent.
The "smart" natural gas project, or an intelligent production control center, uses technologies like the internet of things, big data and artificial intelligence. It can also conduct real-time monitoring, forecasts and diagnosis, remote control, integrated sharing, coordinate operations and assist decision-making, all of which will substantially improve the production efficiency of offshore oil and gas fields, the company said.

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