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The Chinese currency will not be supplanting the greenback any time soon but given the significance of China as the major trading partner to a majority of countries around the world, the yuan, despite its many limitations, will be increasingly important in bilateral trade.
The financial future of the world is not that the yuan is likely to become the dominant global currency, but that the US is doing its best, or worst, to debase and dethrone the almighty dollar.
With only days to go before he steps down, the US president continues to hurt the interests of both Beijing and Washington, but the financial cloud may yet have a silver lining for Hong Kong.
Vietnam also has the ability to isolate maritime issues from bilateral ones, analysts say, ensuring fewer confrontations with China compared to the Philippines.
First 100km of line pipes for the massive cross-border EACOP project have arrived in the port of Dar es Salaam in Tanzania. Environmental and rights groups say pristine ecosystems, biodiversity hotspots, water resources and community land are under threat.
Company has started building below-ground facility in Ningbo that promises to be cheaper to construct and operate.
Environmentalists protest against Chinese backing of the East African Crude Oil Pipeline, which Western lenders backed out of.
With more than a century of experience between them, the stories of the Post’s veteran journalists recount Hong Kong’s transformation in real estate, finance, ESG and technology.
CNOOC Group, Sinopec Group and CNPC were added to the Ukrainian government’s register, which Kyiv claims is used by banks and insurance companies for risk assessments.
Home-grown Haijing system seeks out offshore oil reserves and can detect ocean earthquakes, state broadcaster says.
Several major Western banks have pulled out of investing in the project due to pressure from environmental groups.
Domestic sales of refined oil products at Sinopec rose 18 per cent in the first six months from the previous year, when residents in megacities were completely locked down for months on end
Debate is raging in Africa over creating jobs and boosting government revenues while destroying ecosystems and increasing emissions. The oil will be exported, often to nations limiting their own fossil fuel production.
China, the world’s largest greenhouse gas emitter, attaches great importance to the country’s CCS development to support its goals of peaking carbon emissions by 2030.
The US$5 billion project, which is strongly opposed by environmental and human rights groups, is now highly dependent on Beijing.
An increase in yuan settlements with the largest South American country shows how Beijing is trying to prevent China from being financially strangled amid US decoupling.
Every claimant except the Philippines is moving forward with oil and gas projects in the disputed waters, according to a new US report.
US Treasury Secretary Janet Yellen and US ambassador to the United Nations Linda Thomas-Greenfield visited Africa in quick succession last month as Washington steps up efforts to counter Chinese and Russian influence on the continent.
First rig commissioned at CNOOC Uganda’s Kingfisher oilfield as more than 70 African civic groups predict environmental peril.
Fact that defunct deal has been brought up again may have negative implications for Manila’s future maritime resource ventures with China, observers note.
Plans for increased domestic oil and gas outputs shed light on Beijing’s eagerness to reduce reliance on foreign fuels.
China and the Philippines signed 14 deals in Beijing this week, spanning infrastructure investment to durian imports, as both sides eye closer economic cooperation while easing tension in the South China Sea.
The second phase of China’s Shenhai-1 deep-sea gas project, located 200km off the coast of Hainan province, will boost peak annual output to 4.5 billion cubic metres, the country’s top gas producer says.
The China National Offshore Oil Corporation is a major player in Ugandan oil exploration and owns a big stake in the oilfields and pipeline project.
A new catalyst fills the gap in the domestic natural gas production process, which could help ensure stable and sustainable supply amid the global energy crisis.
Joseph Yam, former head of the Hong Kong Monetary Authority, came out swinging against the US in a fiery webinar that set a strident tone against the economy with which the city’s currency and monetary policy are linked.
China’s state refiners have stayed on the sidelines in trading fresh Russian cargoes for May loadings after sanctions imposed by the United States and European Union in response to the invasion of Ukraine.