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China to cut RRR in February to release more liquidity

Guangzhou (JLC), January 25, 2024 – China will cut the reserve requirement ratio (RRR) for financial institutions by 0.5 percentage points (or 50 basis points), effective from February 5.

January 25, 2024

China surpasses Japan as top LNG importer in 2023

Guangzhou (JLC), January 25 2024--China overtook Japan to become the world's largest LNG importer in 2023, according to official data from both countries.

January 25, 2024

China’s 2023 gas imports reach second highest on record

Guangzhou (JLC), January 16, 2024 – China’s 2023 natural gas imports rebounded to the second highest level in history, as domestic demand picked up after the country lifted COVID-related

January 16, 2024

Sinopec commissions second berth at Qingdao LNG terminal

Guangzhou (JLC), January 16, 2024 – Sinopec successfully put the #2 berth at its Qingdao LNG terminal into operation on January 13, the Qingdao Transportation Bureau said on Monday.

January 16, 2024

China-Russia bilateral trade tops USD240 billion in 2023

Guangzhou (JLC), January 15, 2024 – China’s total import-export value of goods in USD terms amounted to about USD5.94 trillion in 2023, dropping 5.0% from the previous year.

January 15, 2024

Bohai Oilfield’s production sets record in 2023

Guangzhou (JLC), January 15, 2024 – The Bohai Oilfield, China’s largest offshore oil and gas production base, produced over 36.8 million mt of oil equivalent of oil and gas in 2023, an a

January 15, 2024

Sinopec discovers new shale oil and gas reserve in Sichuan Basin

Guangzhou (JLC), January 11, 2024 – Sinopec has discovered more than 100 million mt of new oil and gas reserve in the Sichuan Basin.

January 11, 2024

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