Zheng Xin

4 days ago | global.chinadaily.com.cn | Zheng Xin

China's refined oil demand is expected to decline at a faster pace in 2025 as the country's energy transition accelerates, said industry experts. While China's oil demand outlook was recently raised by 100,000 barrels per day, faster adoption and higher usage of electric vehicles keep gasoline demand on track to fall this year, said Ye Lin, vice-president of oil market research at global consultancy Rystad Energy.

1 week ago | today.line.me | Zheng Xin

BEIJING, May 29 (Xinhua) -- A Chinese commerce ministry spokesperson on Thursday urged the United States to completely abandon its erroneous practice of unilaterally imposing additional tariffs. At a regular press briefing, spokesperson He Yongqian noted that the U.S. Court of International Trade on May 28 ruled that the global, retaliatory and so-called "fentanyl" tariffs were illegal and ordered their withdrawal and permanent cessation.

1 week ago | global.chinadaily.com.cn | Zheng Xin

China's robust economic growth will continue to fuel strong demand for energy and electricity in the country, requiring massive renewable energy buildout and significant grid upgrades for stable and clean power supply, according to a new report.

1 week ago | today.line.me | Zheng Xin |Tang Shining |Gu Yiping |Wang Feng

BEIJING, May 26 (Xinhua) -- At Yantian Port in south China's Shenzhen, Lin Risheng's voice often grows hoarse over long hours of coordinating operations, sometimes exhausting two batteries in his walkie-talkie before the day is done. The bustling port handles more than a quarter of China's exports to the United States and now dispatches an average of six U.S.-bound cargo ships each day. The intensity of Lin's workday reflects the revival of trade flows across the Pacific.

2 weeks ago | chinadaily.com.cn | Zheng Xin

In a move highlighting the sustained demand for natural gas in China and the ongoing efforts to secure long-term energy supplies, British energy company BP signed a 10-year liquefied natural gas (LNG) sale and purchase agreement on Wednesday with Zhejiang Provincial Energy Group Co Ltd. Under the agreement, BP will provide Zhejiang Energy with up to 1 million metric tons per annum of LNG for over 10 years on a delivered ex-ship (DES) basis from BP's diverse portfolio of LNG assets.