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release time: 2019 - 06 - 13
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China Petroleum and Chemical Corp, the world's largest refiner by volume, vows to raise its production capability of low-sulfur marine fuel oil to 10 million tons by 2020 and 15 million tons by 2023 for greener shipping, the company said June 5, the 48th World Environment Day.The commitment shall reduce 600,000 tons of sulfur oxide emissions, equivalent to shutting down over 64 million National IV Standard trucks for a year, it said.The company, known as Sinopec, vows to further improve its global low-sulfur marine fuel oil sales network and cover China's major ports including Zhoushan with Sinopec's low-sulfur marine fuel oil products by January 2020, as well as 50 key overseas ports including Singapore.Three of the company's refineries, including Shanghai Refinery, Jinling Refinery and H...
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Beijing urges Washington to practice sincerity in order to further negotiationsThe United States needs to practice sincerity and 'correct its wrong moves' if it wants to continue trade talks with China, the Ministry of Commerce said on Thursday.The US administration decided on May 10 to further raise tariffs on Chinese imports, and it then placed restrictions on Huawei's business operations, which has harmed the interests of companies and financial markets in both countries.Gao Feng, ministry spokesman, said the US government's recent moves have unilaterally escalated trade friction, resulting...
发布时间: 2019 - 05 - 24
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GENEVA -- World trade growth is likely to remain weak into the second quarter of 2019, according to the latest World Trade Outlook Indicator (WTOI), released on Monday by the World Trade Organization (WTO).The latest WTOI reading of 96.3, remains well below the baseline value of 100 for the index and maintains the weakest level since 2010, signaling continued falling trade growth in the first half of 2019.The latest result of the WTOI was driven by declines in all but two component indices. Indices for international air freight (92.3), automobile production and sales (92.2), and agricultural r...
发布时间: 2019 - 05 - 22
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Washington's strategies hurt consumers due to higher import costs, experts warnThe United States' escalation of trade tensions with China, compounded by newly enacted and threatened additional tariffs on Chinese imports, could come with a political price by hitting the US economy and employment, so the Trump administration should 'reverse course', said some experts and executives.As the tariffs rise, so does the economic impact, according to Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foundation.She said the new tariffs by the Trump administration...
发布时间: 2019 - 05 - 21
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