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
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
The International Court of Justice, where Gambia has filed a case of genocide against Myanmar, on Wednesday said it will deliver its decision next week on whether emergency measures should be imposed on Myanmar over alleged genocide of its Rohingya Muslims. … [Read more...] about Belt and Road Initiative gets major boost as China and Myanmar ink 33 deals
Has China shared the genome sequence data?On January 11, China shared the whole genome sequence data with WHO and submitted them to the Global Initiative on Sharing All Influenza Data (GISAID) platform to allow researchers across the world to access the data. Sharing the data with GISAID will help other countries to quickly identify the virus, provide care, and also develop specific diagnostic kits, drugs and even vaccines. Since January 11, five more genome sequences have been submitted to GISAID. … [Read more...] about What is the source of the new SARS-like disease reported in China?