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Chinese authorities have urged some of the biggest state-owned oil firms to provide information about their use of imported crude as part of a wider attempt to close tax loopholes and reduce the fuel glut

CX Daily: Is Global Inflation About to Take Off? Inflation / Factories around the world are facing headwinds from surging commodity prices, rising shipping costs and semiconductor shortages, fueling worries that global inflationary pressures are looming as major economies recover from pandemic lockdowns. In China, factory gate prices have climbed at an accelerated pace in recent months. The producer price index (PPI), which gauges changes in prices of goods circulated among manufacturers and mining companies, rose 4.4% year-on-year, in March, the fastest growth since July 2018. The trend fu...

Sinochem Holdings Corp Ltd was officially unveiled in Beijing on Saturday, ushering in high-quality development in China's chemical industry, the State-owned Assets Supervision and Administration Commission of the State Council said.

Source: China State Council Information Office Chinese Premier Li Keqiang on Saturday stressed the importance of the structure and layout of state-owned economy following the merger of Sinochem Group and ChemChina Group, two state-owned chemical giants. Li made the remarks in a written instruction on the establishment of a new holding company occurring on the same day as a result of the joint reorganization. He added that the move would boost agricultural modernization and competitiveness in the chemical industry. The new company should shore up international cooperation and maximize its role...