According to Rystad Energy, the market demand for OPEC oil will average about 28.3 million barrels per day during the final nine months of 2020. However, the organization's actual production in December 2019 was 29.6 million barrels per day, and its new implied production target for the first quarter of 2020 is 29.2 million barrels per day. … [Read more...] about Roundup: Weekly oil prices slip amid optimism on U.S.-China trade, concerns over market glut
China trade secrets
The strength of the agreement can be best judged by the fact that neither side will change a single law or regulation. Instead, there is a series of ad hoc decisions to lower some tariffs, buy a few things and water down punitive rules on both sides. For example, the US removed China from its “currency manipulator” list, Beijing made another unenforceable promise to not steal technology and US financial companies received some access concessions. All of these measures are reversible. The main accomplishment has been that President Trump will be able to claim to US workers that he scored over China on the trade front. … [Read more...] about The limits of the US-China deal | HT Editorial
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
Xi and Suu Kyi signed 33 agreements, covering areas such as politics, trade, investment and people-to-people communications, shoring up mammoth projects that are part of the flagship Belt and Road Initiative (BRI), China’s vision of new trade routes described as a “21st century silk road”. … [Read more...] about Belt and Road Initiative gets major boost as China and Myanmar ink 33 deals
Are there any travel restrictions to China?India has issued a travel advisory asking citizens to follow certain precautionary measures while visiting China. “WHO advises against the application of any travel or trade restrictions on China based on the information currently available”. It does not recommend that travellers take any specific measures either. However, WHO provides general tips to reduce the risk of infection such as washing hands with soap and water, covering one’s nose and mouth while sneezing and coughing, avoiding contact with anyone who has cold or flu-like symptoms, thoroughly cooking meat and eggs, and avoid making unprotected contact with wild or farm animals. … [Read more...] about What is the source of the new SARS-like disease reported in China?