According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 2.549 million barrels during the week ending Jan. 10, more than the market expected fall of 0.474 million barrels, implying greater demand and bullish for crude prices. … [Read more...] about Roundup: Weekly oil prices slip amid optimism on U.S.-China trade, concerns over market glut
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All of this means the US-China trade war will resume at some point down the road. Much of what the US is demanding goes right to the heart of China’s State-dominated economy. Beijing’s domestic economic structure is fundamentally not about free markets and the private sector; it is shot through with State subsidies and controls. India, itself a victim of subsidised Chinese exports, has been quietly supportive of the US’s efforts to constrain China’s predatory economic practices. It will probably hope a similar symbolic victory will be enough to bury its own, much less acute, trade difficulties with the US. But the US-China struggle’s negative impact on the World Trade Organisation’s future is a source of long-term concern. … [Read more...] about The limits of the US-China deal | HT Editorial
What are coronaviruses?Coronaviruses are a large family of viruses with some causing less severe common cold to more severe diseases such as severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS). While the SARS coronavirus is thought to be an animal virus from an as-yet-uncertain animal reservoir, perhaps bats, that spread to other animals (civet cats) and first infected humans in the Guangdong province of southern China in 2002, the MERS coronavirus was passed on from dromedary camels to humans in Saudi Arabia in 2012. … [Read more...] about What is the source of the new SARS-like disease reported in China?
They agreed to hasten the implementation of the China Myanmar Economic Corridor, a giant infrastructure scheme worth billions of dollars, with agreements on railways linking south-western China to the Indian Ocean, a deep sea-port in conflict-riven Rakhine state, a special economic zone on the border and a new city project in the commercial capital of Yangon. … [Read more...] about China and Myanmar sign raft of deals as Xi Jinping courts an isolated Aung San Suu Kyi
China and Myanmar on Saturday inked 33 deals aimed at speeding up key infrastructure projects to provide Beijing a stepping stone to the Indian Ocean after a meeting between President Xi Jinping and State Counsellor Aung San Suu Kyi, as the Communist nation ramped up support to cement its hold over the Southeast Asian country under fire for its treatment of Rohingya Muslims. … [Read more...] about Belt and Road Initiative gets major boost as China and Myanmar ink 33 deals