oil and gas

JOHANNESBURG, April 2 (Reuters) – China has a unique opportunity to drive forward an energy revolution in Africa, but it must first reverse nearly two decades of neglect of green power investments there, research from Boston University showed on Tuesday. Beijing has emerged as the continent’s biggest bilateral trading partner since the start of the […]

The high rates of economic growth that China experienced between the beginning of the 21st century and the start of the pandemic have underpinned a substantial increase in its demand for commodities. Opening up trade, rapid urbanisation and industrialisation have benefited China greatly. Expansion of its manufacturing sector has imposed heavy requirements on China’s power […]

At the 2024 Geneva Motor Show which concluded on Sunday, Chinese automakers, driven by a desire to expand their global presence, showcased products and technologies and took the spotlight at one of Europe’s premier auto shows. SAIC Motor’s MG and IM brands showcased 10 electric models, including world premieres of the IM L6 sedan and […]

A rapid surge in the rollout of renewable energy last year has put the world within reaching distance of a goal to triple global capacity by 2030, the International Energy Agency said, after China drove a 50 per cent increase. But the UN-agreed target as part of a package of measures remains far off what […]

China commissioned as much new solar power capacity in 2023 as the entire world did in 2022, as Beijing ramped up its drive to dominate the renewable energy market. Renewable energy capacity surged globally last year, the International Energy Agency (IEA) said in a new report, driven chiefly by huge expansion in China.   “The […]

BEIJING – Chinese President Xi Jinping pledged to strengthen economic momentum and job creation, acknowledging that some companies and citizens had endured a difficult 2023 in a rare admission of domestic headwinds facing the country.While China’s most-powerful leader since Mao Zedong used his annual New Year address to trumpet his nation’s achievements, he also conceded […]