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Weimin Chen

Weimin Chen

First Chinese Yuan Settled LNG Trade Complete

First Chinese Yuan Settled LNG Trade Complete

The Lede: China has completed its first liquefied natural gas trade settled in its own currency. What We Know * Chinese state oil and gas giant China National Offshore Oil Corporation and France's TotalEnergies have completed China's first yuan-settled liquefied natural gas trade through the Shanghai Petroleum

K-Chip Act to Reinforce South Korea's Semiconductor Industry

K-Chip Act to Reinforce South Korea's Semiconductor Industry

The Lede: A South Korean ‘Chips Act’ is expected to boost the country’s semiconductor development and manufacturing capabilities as the technological competition between the U.S. and China brings volatility to the market. What We Know: * South Korea’s parliament has approved a bill known as the “K-Chips Act,

Aramco Deal Enhances Saudi-China Energy Ties

Aramco Deal Enhances Saudi-China Energy Ties

The Lede: Saudi Arabia’s state-run oil company Aramco announced a plan to invest billions of dollars in China’s downstream petrochemicals industry which includes the construction of a new refinery What We Know: * Aramco will acquire a 10% interest in China's Rongsheng Petrochemical Co. Ltd. valued at

China Has Spent Hundreds of Billions on Its Own Loans to Bail Out Belt and Road Countries

China Has Spent Hundreds of Billions on Its Own Loans to Bail Out Belt and Road Countries

The Lede: A new study reveals that China has spent $240 billion on emergency rescue lending to bail out 22 countries that are almost exclusively Belt and Road (BRI) project debtors. What We Know: * Research found that between 2008 and 2021, Chinese state-backed lenders distributed bailout funds to 22 countries

China Development Forum Sees Muted American Participation

China Development Forum Sees Muted American Participation

The Lede: Organizers of the three-day China Development Forum say that while a hundred foreign representatives of various countries have registered for the event, notably few U.S. companies will be in attendance. What We Know: * The summit will take place from March 25 to 27. In the first fully

Brazil President Visits Beijing to Shore Up China Relations

Brazil President Visits Beijing to Shore Up China Relations

The Lede: The President of Brazil will make a visit along with powerful figures in his country’s political, industrial, and agribusiness sectors to meet with China’s leader in Beijing. What We Know: * Brazil’s President Luiz Inácio Lula da Silva will meet President Xi Jinping in Beijing between

TikTok Hearing: How Much Control Does CCP Really Have Over Chinese Companies?

TikTok Hearing: How Much Control Does CCP Really Have Over Chinese Companies?

The Lede: The U.S. House Energy and Commerce Committee held a five-hour hearing on TikTok, hoping to fuel an effort to ban the app. Members grilled TikTok CEO Shou Chew on – among other things – the degree to which he and his company answered to the Chinese Communist Party (CCP)