Koffiekamer « Terug naar discussie overzicht

China nieuws berichten

7.806 Posts, Pagina: « 1 2 3 4 5 6 ... 186 187 188 189 190 191 192 193 194 195 196 ... 387 388 389 390 391 » | Laatste

Omlaag ↓

voda 12 november 2018 22:08

China October car sales down 11.7pct down 4th straight month

Reuters reported that China's automobile sales fell 11.7 percent in October from a year earlier, the country's top auto industry association said marking the fourth straight month of declining sales in the world's largest auto market. The sales drop to 2.38 million vehicles comes amid broader slowing economic growth and a biting trade war between China and the United States. It follows an 11.6 percent drop in September and a 3.8 percent fall in August.

The October drop set a record for the steepest monthly fall since a 26.4 percent tumble in January 2012, which was in part due to the timing of the China New Year holiday that year.

The China Association of Automobile Manufacturers said overall sales for the first 10 months of the year totalled 22.87 million vehicles, down 0.1 percent from the same period a year earlier.

Source : Reuters

voda 12 november 2018 22:09

China Oct aluminium and steel exports fall to multi-month lows

Reuters reported that China’s aluminium exports fell in October as sliding domestic production meant less metal was available for overseas markets, while steel exports also dropped, hitting their weakest since February amid stiffer competition in key market Southeast Asia. China’s unwrought aluminium and aluminium product exports came in at 482,000 tonnes last month, the General Administration of Customs said on Thursday, down 3.6 percent from a revised figure of 500,000 tonnes in September but still up 37.7 percent from October 2017.

The October aluminium export volume, in a month that included a week-long holiday around China’s National Day, is the lowest since May, with shipments having reached at least 500,000 tonnes in the four months from June to September.

The United States in March imposed import tariffs of 25 percent on steel and 10 percent on aluminium, including from China, in one of the opening moves of an ongoing trade dispute between the world’s top two economies.

Several steel and aluminium products from China were hit with additional 25 percent tariffs by the United States in September.

Mr Paul Adkins, managing director of aluminium consultancy AZ China said that “October was one-week short, so it’s a pretty good number on a work day basis.We expect exports to start slipping a bit more” after the additional tariffs imposed in September, he added, noting that transshipments of Chinese metal to the United States via third countries should be watched.

Washington imposed final anti-dumping and anti-subsidy duties of 96.3% to 176.2% on Chinese common alloy aluminium sheet products.

Exports from China, the world’s No.1 producer of steel and aluminium, have benefited recently from a weakening yuan, while shipments of semi-fabricated aluminium have just received an added incentive in the shape of a higher export tax rebate effective Nov. 1.

Source : Reuters

voda 12 november 2018 22:10

Polish copper giant inks USD 4 billion deal with China

Emerging Europe reported that Polish copper giant KGHM Polska Mied? has signed a four billion-US dollar contract to supply China Minmetals Nonferrous Metals (Minmetals) with copper cathodes. The new, long-term copper cathode delivery contract was signed on November 6 during the first ever China International Import Expo 2018 in Shanghai. The five-year contract could reach four billion US dollars in value depending on the level of use of the quantitative option.

Mr Guo Wenqing, CEO of Minmetals said that “Stable deliveries and high-quality products are very important to us. Over 20 years of constructive cooperation with KGHM has shown us that we can trust the Poles. We are happy that our cooperation is developing and that we can be KGHM’s ambassador in the Chinese market.”

Mr Marcin Chludzi?ski, CEO of KGHM said that “We are happy with our cooperation with China Minmetals. Thanks to them, we can make use of the huge potential that the Chinese market has to offer. The foundation of our cooperation is a win-win approach – we make sure that both sides will benefit from our cooperation. On this, we are also building a Polish brand in China. For over 20 years, we have developed a reputation of being a reliable and stable partner. Thanks to KGHM, China perceives Poland as not only a market, but also a source of high-quality products.”

Mr Chludzi?ski added that “By participating in this event, we want to strengthen our cooperation with the Chinese market and introduce other products manufactured by the KGHM Group, such as silver, gold, refined lead and more. We are also here to promote other companies from our capital group, and to build a positive image of the Polish economy in China.”

He added that “We never forget that we are a great Polish company whose task is to pave the way for other companies from our homeland.”

Source : Emerging Europe

voda 13 november 2018 20:54

China starts construction of ultra high voltage power transmission line

Xinhua reported that construction of an ultra-high voltage power transmission line to deliver clean energy. The 1,587-km-long transmission line starts in Hainan Tibetan Autonomous Prefecture in northwest China's Qinghai Province and ends in Zhumadian City in central China's Henan Province, connecting Qinghai, Gansu, Shaanxi and Henan provinces.

According to the plan, the transmission line, with a capacity of eight million kilowatts, will be put into operation in 2020 and deliver electricity generated from solar power, wind and water from Qinghai to central China.

With an investment of 22.6 billion yuan (3.26 billion US dollars), the transmission line is estimated to deliver electricity of 40 billion kilowatt-hours each year, which will help replace 18 million tonnes of raw coal, reduce 14,000 tonnes of dust emission, 90,000 tonnes of sulfur dioxide emission and 29.6 million tonnes of carbon dioxide emission.

Source : Xinhua

voda 13 november 2018 21:07

China likely to triple nuclear power capacity by 2030 – Report

Reuters reported that China's total nuclear capacity is expected to reach 120-150 gigawatts (GW) in total by 2030, a senior industry official said more than triple the current rate but still lower than previous forecasts after a slowdown in new approvals. The prediction was made by Mr Yu Jianfeng, chairman of the government-run China National Nuclear Corporation during an event at the China International Import Expo in Shanghai.

Mr Yu said CNNC was still planning to spend USD 12 billion on overseas procurement over the next five years and he urged global partners to participate in the future development of China's nuclear industry. He said that "China is expected to become the world's largest nuclear power nation, and the development of the China National Nuclear Corporation will be more open and international.”

As China embarked on massive economic expansion around three decades ago, nuclear was seen as a crucial part of efforts to reduce reliance on use of polluting, climate-warming fossil fuels. The world's second-biggest economy launched an ambitious reactor building programme using technology from France, the United States, Russia and Canada.

But though some predicted capacity could reach at least 200 GW by 2030, Japan's Fukushima disaster in 2011 forced policymakers to rethink. Repeated delays to key projects have also slowed the pace of construction.

After deciding to focus on bigger and safer "third generation" reactors like the U.S. AP1000 and Europe's EPR, China vowed to raise total installed nuclear generation capacity to 58 GW by the end of 2020, and put another 30 GW under construction.

The total now stands at 39 GW but the government has not approved any new conventional nuclear projects in three years. It is now expected to fall short of its 2020 targets.

Source : Reuters

voda 13 november 2018 21:07

UAE's ADNOC signs 10 year agreement with China's Wanhua to sell LPG

Reuters quoted state-run Abu Dhabi National Oil Company (ADNOC) as saying that it had signed a 10-year agreement with Wanhua Chemical Group. Under the agreement the Chinese company would purchase 1 million metric tonnes of liquefied petroleum gas (LPG) annually.

It said in a statement that ADNOC produces up to 10,500,000 metric tonnes per year of LPG which is sold both locally and internationally. It did not give a value for the deal.

Source : Reuters

voda 13 november 2018 21:08

China's capable of exporting 60 MMT oil products in 2020 - Sinopec

Platts cited Vice President of the Economics & Development Research Institute under Sinopec Ms Yu Jiao said at the Seventh China International Oil and Gas Trade Congress in Shanghai as saying that China will be able to export 60 million tonnes of oil products in 2020 as domestic demand growth will lag behind capacity expansion. This will be about 13% of Chinese output by then as total refining capacity will hit 890 million tonnes a year in 2020, with independent refineries accounting for about a third. She expects China to export around 46 million tonnes of oil products in 2018.

So far this year, the country has allocated a total of 45.93 million tonnes of quotas for oil products, with another 70,000 tonnes expected to be allocated soon for jet fuel, according to market sources.

In 2019, Ms Yu expects total exports to be around 50 million-51 million tonnes, she added.

Ms Yu said that in contrast to the increase in output brought about by greater capacity, the growth in demand for oil products will continue to slow, especially for gasoline. Ethanol use will also push more gasoline onto the export market. She said that “The supply of oil products will be in surplus in the coming years, pushing more to overseas markets.”

Source : Platts

voda 13 november 2018 21:14

Mongolia to develop coal rail link to China - Report

A Mongolian official reveals to Reuters that the government is currently working on a plan that would open a railway from its Tavan Tolgoi coal project to the Chinese border by 2021. According to the Chief Investment Officer of the state firm handling the project, Samdandoj Ashidmunkh, the rail link from Tavan Tolgoi will be able to transport 30 million tonnes of coal every year to China. It is expected that the link will be finished within two years of an overseas initial public offering of stock in Tavan Tolgoi scheduled in the beginning of 2019 as explained by Ashidmunkh during a forum in Shanghai regarding Chinese and Mongolian cooperation in mining.

Mongolia believes that demand for high quality coking coal from China's steel industry will increase. However, analysts from China say that steel production is close to its peak and may fall anytime soon.

Currently, Tavan Tolgoi is the world's largest undeveloped coking coal mine with at least 7.4 billion tons of reserves.

Originally, a thermal power plant was included in the project and it would supply Rio Tinto's Oyu Tolgoi copper mine.

Source : China Christian Daily

voda 14 november 2018 16:13

Flinke winststijging Tencent

(ABM FN-Dow Jones) Tencent heeft in het derde kwartaal van 2018 de winst sterk zien stijgen. Dit bleek woensdag uit cijfers van de Chinese internetgigant.

De winst klom met 30 procent naar 23,4 miljard yuan, ongeveer 3 miljard euro. De omzet ging met 24 procent omhoog naar bijna 81 miljard yuan.

De omzet was in lijn met de verwachtingen van analisten, geraadpleegd door FactSet, maar de winst viel flink mee.

Het bedrijf profiteerde van online advertenties en betalingsgerelateerde services. Dit compenseerde een aanhoudende zwakte bij de spelletjesdivisie, die last heeft van nieuwe regelgeving.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 14 november 2018 16:21

Groei Chinese detailhandelsverkopen afgenomen

(ABM FN-Dow Jones) De detailhandelsverkopen in China zijn in oktober minder hard gegroeid dan een maand eerder. Dit bleek woensdag uit overheidscijfers.

De verkopen stegen in oktober met 8,6 procent op jaarbasis. In september ging het om een groei van 9,2 procent. Daarmee lag het groeitempo in oktober het laagst sinds mei dit jaar.

Op maandbasis was er in oktober een groei van 0,64 procent, terwijl dit een maand eerder nog 0,56 procent was.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved

voda 14 november 2018 16:22

Productie Chinese industrie groeit iets harder

(ABM FN-Dow Jones) De Chinese industriële productie is in oktober iets harder gegroeid dan een maand eerder. Dit bleek woensdag uit overheidscijfers.

De productie ging met 5,9 procent omhoog. Een maand eerder ging het nog om een groei van 5,8 procent. Economen rekenden voor oktober op een groei van 5,7 procent.

Op maandbasis werd in oktober een stijging van 0,48 procent gemeld. In september was dit ook 0,48 procent.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 14 november 2018 17:07

China's overtakes Japan as world's top LNG importer - Report

Reuters reported that China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports. China's total natural gas imports over January to October this year via pipeline and as liquefied natural gas (LNG) were at 72.06 million tonnes, up a third from the same period last year, according to Reuters calculations based on General Administration of Customs data. Japan, on the other hand, imported about 69.35 tonnes of LNG over that period, according to ship-tracking data from Refinitiv Eikon, down 17 per cent for the same 10 months of 2017. Japan imports all of its gas as LNG.

China's push to switch away from coal to natural gas is key to its rapid gas demand growth, said Edmund Siau, gas analyst with energy consultancy FGE. Siau said that "Meanwhile, nuclear reactors continue to restart in Japan, which reduces demand for gas-fired power generation and consequently LNG demand."

China - already the biggest importer of oil and coal - is the world's third-biggest user of natural gas behind the United States and Russia, but it has to import around 40 per cent of its total needs as domestic production can't keep up with demand.

China still lags behind Japan on LNG imports but could overtake its North Asia neighbour in the early 2020s, FGE's Siau said. China's surging demand pushed it past South Korea as the world's second-biggest LNG importer in 2017.

Source : Reuters

voda 15 november 2018 16:23

Tencent kiest voor HERE als kaartenleverancier

(ABM FN-Dow Jones) De Chinese internetgigant Tencent heeft HERE geselecteerd als kaartenleverancier. Dit maakte Tencent donderdag bekend.

HERE, een concurrent van het Nederlandse TomTom, zal wereldwijd als leverancier van Tencent fungeren. Naast kaarten zal het ook additionele locatiedata leveren.

De samenwerking betreft het kaartenplatform van Tencent buiten China.

HERE zei in een reactie uit te kijken naar de samenwerking met Tencent.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 15 november 2018 17:18

Beursblik: keuze Tencent voor HERE geen verrassing

(ABM FN-Dow Jones) De keuze van de Chinese internetgigant Tencent voor kaartenmaker HERE is geen grote verrassing. Dit zeiden analisten donderdag tegen ABM Financial News.

Zowel analist Marc Hesselink van ING als Martijn den Drijver van NIBC wezen op 2017, toen Tencent een belang in HERE wilde nemen, maar dit door de Amerikaanse toezichthouder werd tegengehouden.

Wel bezit Tencent volgens ING een belang van 11 procent in NavInfo, een partner van HERE. "Het zou een verrassing zijn geweest als Tencent naar TomTom was gegaan", meent Hesselink dan ook.

"Bovendien zit TomTom bij Baidu, een concurrent van Tencent", merkte Den Drijver nog op.

ING heeft een koopadvies op TomTom en NIBC hanteert een Neutraal advies.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 15 november 2018 19:25

Volkswagen wil tot dertig geëlektrificeerde modellen introduceren in China

ANP 8 uur geleden

Volkswagen pakt ook in China uit met elektrisch rijden. De Duitse automaker wil de komende twee jaar tot wel dertig elektrische en plug-inhybride modellen in de Chinese markt zetten. De helft van de betreffende modellen zal in China worden geproduceerd.

Volkswagen kampt net als branchegenoten met een tanende groei in de grootste automarkt ter wereld. Dat komt mede door de oplopende handelsspanningen en mindere economische prestaties van het Aziatische land.

Om de Chinese groei aan te jagen, wordt door de Duitsers volgend jaar, samen met partners, 4 miljard euro geïnvesteerd in het land. Dit jaar rekent Volkswagen in China op stabiele verkoopcijfers. Vanaf 2020 gaat de automaker weer uit van groei.

Met de schonere modellen voldoet Volkswagen ook aan de strengere productie-eisen die gaan gelden voor auto's in China. Eerder zei Volkswagen al wereldwijd 20 miljard euro te gaan investeren in het elektrificeren van al zijn modellen.

Bijlage:

voda 15 november 2018 19:29

China's slowdown now likely to be more pronounced as external trade shock amplifies tighter availability of credit - Moody’s

Moody's in its report titled Global Macro Outlook 2019-20 said that "Growth in China's industrial sector has been slowing since the beginning of the year because of deliberate deleveraging measures put in place to correct internal imbalances and contain financial risk associated with credit fueled growth. Real GDP growth slowed to 6.5% in the third quarter from around 6.8% in the first half, and industrial production slowed to 5.8% year-on-year in September lower than the average growth rate of 6.7% recorded in the 2018H1. We believe that escalating trade frictions with the US, China's main export destination, will put further downward pressure on China's growth in the coming years. We expect Chinese authorities to head off the weakening of the economy amid escalating trade tensions with stimulative monetary and fiscal measures, but the policy offset will only be partial. We have therefore revised our growth forecast to 6% in 2019, down from 6.4%, following an estimated 6.6% growth in 2018. In 2020, we expect real GDP growth to again be 6%."

Monetary policy is easing with the October cut in the reserve requirement ratio to 14.50% for large depository institutions, a cumulative decline of 250 bps since March. Interbank interest rates have trended lower since the start of this year. Lending rates have also steadily fallen since the beginning of the year. A range of fiscal measures, including tax cuts and direct support to exporters in the form of subsidies and export rebates, will also lower the tax burden and support growth. In addition, the government will likely continue to push for greater investment in high tech and other sectors identified as key to China’s economic transformation.”

It said “As the Chinese authorities try to stimulate the economy on the one hand and proceed with deleveraging on the other, the risk of a sharper slowdown due to policy missteps has risen. The policy objective of reducing financial sector risk and preserving a steady growth momentum are inherently at odds with each other in the context of the externally generated trade shock. A sharp deceleration would have negative spillovers on the global economy through trade channels, commodity prices and sentiment. A large depreciation of the Renminbi would be similarly disruptive, particularly for emerging market countries. Lastly, internal imbalances typically magnify in a slowing growth environment as servicing legacy debt becomes more onerous.”

It added “There is also a risk that while maintaining growth and employment, including through more proactive monetary and fiscal policy, existing imbalances are unaddressed and further imbalances like overproduction in certain export sectors or new technology sectors will build up. Further significant misallocation of resources would have longer-term consequences for growth.”

Source : Strategic Research Institute

voda 15 november 2018 20:16

China’s copper demand to hold firm despite trade friction

The outlook for copper demand in the mid to long term remains healthy despite current trade friction between China and the United States as a renewable energy revolution will require vast amounts of the metal, industry executives said on Wednesday. Delegates at the Asia Copper Conference in Shanghai noted recent Chinese indicators showed the real impact on demand for copper-intensive goods as the country’s economic growth cools.

Pan Hong, senior copper analyst at BGRIMM Lilan Consulting Corp, said “For air conditioning and automobiles, the current situation is becoming weaker. Although infrastructure investment was improving and set to be the biggest contributor to Chinese copper demand growth next year.”

Mao Yiwei, deputy CEO of Jiangxi Copper International Trading Co, said “China’s fixed asset investment is showing tell-tale signs of stimulus to improve domestic consumption, and for there to be some changes in the recent sentiment on the market.”

Jerry Jiao, vice president of China Minmetals Corp said he sees clean energy lifting copper demand by 2.4-million tonnes by 2030, helping sustain demand growth of three percent per year. He said “Of that, solar power will account for an additional 1.48 million tonnes, wind for 570, 000 tonnes and nuclear power 330, 000 tonnes. Furthermore, at least 20 percent of China’s car fleet is set to be replaced by electric vehicles by 2030, Jiao noted. That is equivalent to 47-million cars, or 2.8-million tonnes of incremental copper demand based on a requirement of 60 kg per car.”

The recent weakness in copper prices does not reflect a long-term price trajectory, said Jiao, who also sees the metal benefiting from a roll-out of 5G, or next-generation mobile networks, which will need copper in base station infrastructure.

Source : Business AM Live

voda 15 november 2018 20:36

China’s home sales growth continues to slow in October 2018 - Report

South China Morning Post reported that sales of new homes, measured by area, continued to decline. It fell 1.3 per cent in October from a year earlier, a bigger contraction than the 0.8 per cent seen in September, according to the Post’s calculation based on data released by the National Bureau of Statistics. Measured by value, it rose 9.9 per cent last month from a year earlier. Although home prices in 70 major Chinese cities for October will be released on Thursday, calculations comparing total national home sales value with area showed average home prices fell to 8,535 yuan per square metre in October, from 8,751 yuan in September.

New construction starts, a leading indicator of real estate investment, slumped to a one-year low of 14.7 per cent. It had peaked at 29.4 per cent in July.

Analysts said that the softening data is in line with expectations that the growth rate will slow. Yan Yuejin, an analyst with E-House China R&D Institute, said that “The so called ‘golden September, silver October’ did not materialise. Going forward it may not be surprising to see more price cuts by developers to accelerate cash recovery.”

Real estate investment accounts for about one fifth of China’s fixed asset investment. The sector’s sentiment, which contributes to a third of the overall economy, has cooled considerably since August after the Communist Party’s Politburo, China’s top governing body, said it would not allow home price to rise, a shift from its previous stance of curbing “excessive growth”.

However, the measures have continued to pile on since, including stringent requirements on the use of provident fund to buy homes in the biggest cities, dampening developers’ hopes for policy easing in the face of a cooling market.

Chen Shen, chief property analyst with China Securities Co, said that “Our survey showed that the sales condition in second and third tier cities is deteriorating and price cuts have appeared in some cities. A new consensus is emerging that there will be a big correction.”

According to S&P Global Ratings’ forecasts, China’s residential property prices have peaked and could fall by up to 5 per cent in 2019. This will cause residential contracted sales value to decline by between 8 to 12 per cent in 2019, but only 3 to 7 per cent lower in terms of volume, it added.

Source : South China Morning Post

voda 16 november 2018 15:29

Daimler will open new R&D center in China

Reuters reported that Daimler plans to invest CNY 1.1 billion (USD 158.23 million) in a second research and development center in Beijing to help accelerate localization of Mercedes-Benz vehicles in China. The automaker said the new tech center will be situated close to Daimler's engine and vehicle assembly hub in China's capital and is expected to start operations in 2020.

China, the world's biggest auto market, is Daimler's single largest market globally. The company's existing tech center in Beijing was established in 2014.

Mr Hubertus Troska, Daimler's chief for greater China operations, said that "We remain positive for further growth opportunities in China... and will continue with our investment here.”

Source : Reuters

voda 16 november 2018 15:50

China Railway plans to set up national coal trading center in Qinhuangdao

Caixin Global reported that China Railway Investment Co. is planning to launch a national coal trading center at the northern port of Qinhuangdao in a move likely to increase the reliability of supplies and move heavily-polluting transport off the roads. The National Development and Reform Commission, China’s top economic planner, has long told rail and shipping companies to prioritize developing better coal transport capabilities in order to reduce frequent periods of inefficient supply.

The new trading center appears to be aimed at rationalizing both coal purchases and transportation across the country, analysts said. While a formal announcement has not yet been made, Caixin learned that China Railway is aiming to have the platform up and running by the end of the year.

Source : Caixin Global

7.806 Posts, Pagina: « 1 2 3 4 5 6 ... 186 187 188 189 190 191 192 193 194 195 196 ... 387 388 389 390 391 » | Laatste

Aantal posts per pagina: 20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Markt vandaag

AEX 860,01 -5,35 -0,62% 19 apr


Germany40^	17.714,20	-0,69%
BEL 20	3.827,75	+0,03%
Europe50^	4.904,14	-0,28%
US30^	37.851,00	0,00%
Nasd100^	17.004,48	0,00%
US500^	4.960,72	0,00%
Japan225^	37.028,48	0,00%
Gold spot	2.392,50	0,00%
EUR/USD	1,0655	+0,11%
WTI	82,10	0,00%