• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Meta Platforms (META.O): The AI experience for teenagers on Instagram has been updated, inspired by movie ratings for people aged 13 and over, meaning that the AI should not give responses that are inappropriate for the age.April 9th – This afternoon (April 9th), the Ministry of Commerce held a regular press conference to introduce recent key work in the commercial field. The spokesperson stated that China and the EU are important economic and trade partners. For many years, China-EU economic and trade cooperation has had a solid foundation, ample growth momentum, and deeply integrated production and supply chains, forming a virtuous cycle of complementary advantages and mutual benefit. China has always maintained an open attitude towards negotiating bilateral economic and trade arrangements with the EU and welcomes relevant proposals from European leaders. However, in recent years, the EU has used various economic and trade tools to investigate and restrict Chinese companies. China hopes that the EU will listen more to the voices of its member states and European industry, abandon protectionist practices, and work with China to replace building walls with open cooperation, properly handle frictions and differences through dialogue and consultation, and jointly promote the healthy and positive development of China-EU economic and trade relations.April 9 – Foreign Ministry Spokesperson Mao Ning held a regular press conference on April 9. An AFP reporter asked, “Foreign Minister Wang Yi will be visiting North Korea. Could the spokesperson provide further details on the topics he will discuss? Will he raise the issue of resuming Chinese tourism to North Korea?” Mao Ning replied, “Yesterday I introduced the relevant arrangements for Foreign Minister Wang Yi’s visit to North Korea. We will release further information in a timely manner if there are any updates. You can stay tuned. I believe both sides will discuss issues of common concern.”On April 9, Foreign Ministry Spokesperson Mao Ning held a regular press conference. An AFP reporter asked, "The White House stated yesterday that the United States held high-level talks with China over the past few days regarding the Iran war. Can the spokesperson confirm that the talks did take place, and what specific topics were discussed?" The reporter also asked, "Regarding Lebanon, does China believe that Lebanon should also be included in the ceasefire agreement that has been reached?" Mao Ning responded to the reporters first question, "Since the outbreak of the conflict, China has maintained communication with all parties and actively promoted peace and prevented further fighting." Regarding the second question, Mao Ning stated, "We have just explained our position on the situation in Lebanon. We hope that all parties can take the temporary ceasefire arrangement as an opportunity to resolve disputes and end the fighting through political and diplomatic means."April 9th - In the first quarter of 2026, the national railway system transported a total of 1.133 billion passengers, a year-on-year increase of 5.5%; the average daily number of passenger trains operated by the national railway system in the first quarter was 12,072, a year-on-year increase of 7.1%.

Its Weekly Advance Is Fueled by Optimism on China's Demand For Crude Oil

Skylar Williams

Jan 13, 2023 11:32

121.png


Oil prices declined in early trade on Friday, but were poised for weekly gains of more than 6% due to robust indicators of demand growth in China, the world's largest crude oil importer, and expectations of less aggressive interest rate hikes in the United States.


Brent crude prices fell 17 cents, or 0.2%, to $83.86 a barrel at 01:19 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2%, to $78.27 per barrel.


Brent is up 6.7% and WTI is up 6.2% so far this week, recouping a significant portion of the losses from the previous week.


Recent Chinese petroleum purchases and an increase in road traffic have, according to analysts, strengthened expectations for a demand recovery in the world's second-largest economy following the reopening of its borders and the easing of COVID-19 restrictions in the wake of last year's demonstrations.


RBC commodity strategist Michael Tran stated in a client note, "Given the emphasis on energy security, we anticipate Chinese imports will continue to rise, especially as refinery runs increase and crude stockpiling remains a strategic goal."


The congestion index for the 15 Chinese cities with the highest number of vehicle registrations, as assessed by ANZ analysts, increased 31% from the previous week.


Analysts from ANZ claimed in a report that "China's road traffic levels continue to rise from record low levels after COVID-19 restrictions were lifted."


The dollar's slide to a nearly nine-month low in response to news that U.S. inflation fell for the first time in more than two and a half years has strengthened speculation that the Federal Reserve may slow the rate of rate hikes.


A weaker dollar tends to increase oil demand since it makes the commodity more affordable for buyers holding foreign currencies.