China Petroleum & Chemical

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Sector: Oil, Gas & Consumable Fuels

China Petroleum & Chemical

The Transatlantic Rupture Is Complete by Joschka Fischer - Project Syndicate. China has more to lose than we do on that mistake than we spend money on imported goods from China. China has a particularly wide range of shadow banks providing wealth management products, trust loans, entrusted loans, and undiscounted bank bills. The BRICs, which started out as a cute acronym for Brazil, Russia, India, and China as prominent emerging markets, have become an alliance that now includes some serious OPEC producers. There are some other countries rich in petroleum likely to find the U.S. Then China would launch a naval invasion. PS contributors predict a year marked by escalating geopolitical risks and deepening economic fragmentation. The United States and China are inflicting global economic costs – in mutually reinforcing ways. China has invented a whole new way to do innovation, Noah Smith says. The danger of a further expansion of great-power war is certainly there, he says. Noah Smith: Europe is under siege from Russia, China, and the United States all at once. Russia and China together are the real menace to Europe. China is a far bigger manufacturer than Europe, and can pour essentially infinite war production into Russia. China is the source of almost half of the top AI talent in the world. Only a small sliver of the Chinese top AI researchers working in America has gone back to their home. Since 2015, India has been the worlds fastest-growing major economy, taking the crown from China. FDI helped make China, Poland, and Malaysia into export powerhouses. The reigning industrial powers of the 20th century were remarkably nice to China during its early industrialization. But China, the current reigning industrial power, is unlikely to be so nice to India. As Indian electronics manufacturing has ramped up, China has tried to block its engineers from going to India to train their replacements. Europe is not trading services for the flood of electric cars, solar panels, and so on that China is sending. Deindustrialisation, in other words, need not be synonymous with decay. It means scaling up civilian manufacturing of vehicles, electronics, chemicals, chemicals. EU tariffs and other trade restrictions should only be on China, not on any other country, writes Noah Smith. Europe can never match the scale, speed, and tolerance for waste of Chinas industrial policy. EU action against the Second China Shock could be the beginning of a newer, more stable, more balanced economy. China issues first 2026 fuel export quotas for the new year, at a total of 19 million tons. Chinas 2025 fuel exports were lower on the previous year at 52.65 million tons over the first 11 months of 2025. China exports second-highest monthly volume of rare earth magnets ever in November. US-bound deliveries were down 11% month-on-month as Beijing continues to restrict sales despite a Trump-Xi trade truce. The Indonesian government has launched its Petroleum Bidding Round (IPBR) 3. Washington treating AI supremacy as a matter of wartime urgency. Under Xi Jinpings oversight, China started to create an integrated ecosystem where nearly every technological advance can serve military. U.S. Coast Guard intercepted two Venezuelan crude tankers, and the blockade has successfully disrupted oil flows between Venezuela, Cuba, and China. Russia Faces Sharp Drop in Oil Tax Revenue at Start of 2026. Brent Breaks below $60 on Oversupply Fears Chinas Oil Pumping Power Breaks All Records. ExxonMobil Pauses Offshore Wind Leases over National Security concerns.