Tag Archive

EV battery maker CATL H1 profit surges

EV battery maker CATL H1 profit surges

July 23, 2019 No Comments

Contemporary Amperex Technology Co., Ltd. (CATL), China’s largest automotive lithium-ion battery maker, forecast a 120 percent to 150 percent annual profit growth in the first half of 2019 amid a booming new energy vehicle (NEV) market. Net profit in the Jan.-June period rose to between 2 billion yuan (290 million U.S. dollars) and 2.28 billion […]

ADNOC signs framework agreement with CNOOC

ADNOC signs framework agreement with CNOOC

July 23, 2019 No Comments

The Abu Dhabi National Oil Company (ADNOC) on Monday signed the Strategic Framework Agreement with China National Offshore Oil Corporation (CNOOC) to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in LNG (liquefied natural gas), China News Agency reported on Monday The exchange of the signed agreement was […]

CNOOC China Limited Signs Agreement with Sinopec Corp.

CNOOC China Limited Signs Agreement with Sinopec Corp.

July 23, 2019 No Comments

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced that CNOOC China Limited, its subsidiary, has signed a Cooperation Framework Agreement with China Petroleum & Chemical Corporation (“Sinopec Corp.”) regarding the sea areas of Bohai, Beibu Gulf and South Yellow Sea, as well as North Jiangsu Basin. The Cooperation Framework Agreement will be […]

China builds solar farm the size of 195 football pitches. Consists of 196,320 solar panels

China builds solar farm the size of 195 football pitches. Consists of 196,320 solar panels

July 18, 2019 No Comments

The city of Ordos set a Guinness World Record on July 9 with the largest solar panel image in the shape of a horse. The magnificent pattern was created at a solar energy power generation base in the hinterland of the Kubuqi desert in Dalad Banner with 196,320 solar panels, occupying an area of 1,398,421 […]

US and China ‘agree tentative trade truce’ ahead of G20 summit

US and China ‘agree tentative trade truce’ ahead of G20 summit

June 28, 2019 No Comments

China and the US have reportedly agreed to a tentative truce in their ongoing trade war, two days before crucial talks at the G20 summit this weekend. Details of the agreement, which would scrap plans for a further round of US tariffs on an additional $300bn (£236bn) of Chinese goods, will be laid out in […]

China issues 5G commercial-use licenses

China issues 5G commercial-use licenses

June 6, 2019 No Comments

China’s Ministry of Industry and Information Technology (MIIT) on Thursday granted 5G licenses for commercial use, marking the beginning of a new era in the country’s telecommunication industry. China Telecom, China Mobile, China Unicom and China Broadcasting Network are the first batch of companies that obtained the 5G licenses. The 5G technology will establish a […]

Sinopec, CNPC Stop Buying Iranian Oil In May

Sinopec, CNPC Stop Buying Iranian Oil In May

May 12, 2019 No Comments

China’s two largest oil companies, CNPC and Sinopec have not ordered any Iranian oil cargoes to load this month after the expiry of the sanction waivers Washington had granted China and seven other Iranian oil importers, Reuters reports, citing unnamed sources. The news comes despite statements from Beijing that it will not comply with the U.S. […]

Zhonghua Gas Announces First Quarter Results for the Three Months Ended 31 March 2019

Zhonghua Gas Announces First Quarter Results for the Three Months Ended 31 March 2019

May 10, 2019 No Comments

Net Profit Attributable to the Owners Increased by 252.2% to HK$13.1 Million Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that the first quarter results for the three months ended 31 March 2019 (“the Current Period”). Revenue of the Group for the Current Period […]

IMF and China’s Ministry of Finance Sign a New Agreement

IMF and China’s Ministry of Finance Sign a New Agreement

April 29, 2019 No Comments

On April 24th, the IMF Managing Director Christine Lagarde and China’s Finance Minister LIU Kun signed a new Memorandum of Understanding (MOU) on technical cooperation and training to support China’s fiscal reforms, macro-fiscal issues, and priorities related to the Belt and Road Initiative. The agreement builds on the already close collaboration between the IMF and […]

Zhonghua Gas Holdings Announce Profit Alert for 2019 First Quarter

Zhonghua Gas Holdings Announce Profit Alert for 2019 First Quarter

April 26, 2019 No Comments

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces the positive profit alert for the three months ended 31 March 2019 (the “2019 First Quarter”). Based on the information currently available to the Board of Directors and the preliminary review of the relevant unaudited consolidated […]

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