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In the U.S., lab-grown diamond sales jumped 16% in 2023 from 2022, according to Edahn Golan, an industry analyst. Social media posts show millennials and Generation Zs proudly explaining the purchase of their lab-grown diamonds for sustainability and ethical reasons. Natural diamonds take billions of years to form and are difficult to find, making their price more stable. Globally, lab-grown diamonds are now 5-6% of the market and the traditional industry is not taking it sitting down. It's also still true in more rural areas of the United States, while lab-grown diamonds have taken off more in the cities.

Persons: Bario Neal, Haley Farlow, ”, Golan, Zs, Farlow, that's, Cupid, Martin Roscheisen, Paul Zimnisky, Zimnisky, It's, Mother Earth, ” Zimnisky, Page Neal, it’s Organizations: PHILADELPHIA, Diamond, Diamond Foundry, telltale, Gemological Institute of America, Mother, Associated Press Locations: Philadelphia, U.S, India, China, Henan, Zhuhai, Na Diamond, HeNan, Ningbo Crysdiam, United States, Wenatchee , Washington, Columbia, AP.org

HUA HIN, Thailand (AP) — Rising Russian star Diana Shnaider bounced back from a turbulent second set to upend defending champion Zhu Lin of China 6-3, 2-6, 6-1 for her maiden title at the WTA Thailand Open on Sunday. In the second, Zhu mounted a comeback, winning four consecutive games from 2-2, to force a decisive third set. Following a toilet break, Shnaider returned to the court with renewed intensity. As Zhu struggled to maintain focus, Shnaider seized the opportunity to break her opponent three times to clinch the decisive set and claim her first WTA title. Photos You Should See View All 45 ImagesIt was Shnaider’s second WTA final appearance, having previously lost to Ons Jabeur in Ningbo, China last September.

Persons: HUA, Diana Shnaider, Zhu Lin, Zhu, Shnaider, “, I’m, ” Shnaider, ”, Miyu Kato, Aldila, Guo, Xinyu Jiang, ___ Organizations: WTA Thailand, North Carolina State University, WTA Locations: HUA HIN, Thailand, China, Ningbo, Japan, Indonesia, Auckland, Cleveland

☆ Tesla now has a clear China EV competitor. What’s next for BYD?
▼ + stars: | 2024-01-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bernstein didn't even initiate coverage of BYD until September, with an outperform rating and price target of 359 Hong Kong dollars. BYD trades in Hong Kong, and on the Shenzhen exchange in mainland China. "I'm a long observer and investor in Tesla," Ogan said. "What I think will tip BYD like the volumes tipped Tesla is when people start realizing BYD is an energy company," Ogan said. Nomura's China autos and auto parts analyst Joel Ying likes BYD with an even higher price target of 382 Hong Kong dollars.

Persons: BYD, Bernstein didn't, Warren Buffett's Berkshire Hathaway, Taylor Ogan, Ogan, Tesla, Xiao Feng, CLSA, Joel Ying, Ying, Xiaomi's SU7, That's, — CNBC's Michael Bloom Organizations: Hong, Snow Bull, Nasdaq, Elon Musk's, HK, Hesai Tech Locations: Hong Kong, Norway, Brazil, China, Shenzhen, Asia, Europe, North America, U.S, Inovance, Ningbo Tuopu

☆ World Building of the Year: Chinese boarding school receives 2023 architectural honor
▼ + stars: | 2023-12-01 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

Singapore CNN —A Chinese boarding school designed to let students unwind and “waste time mindfully” has been named 2023’s World Building of the Year. Designed by Approach Design Studio and the Zhejiang University of Technology Engineering Design Group, the serene campus’ communal areas are intended to blur the distinction between inside and out. Courtesy Approach Design Studio/Zhejiang University of Technology Engineering Design GroupApproach Design Studio said that while teaching prioritizes efficiency, a school’s campus itself should inspire free thinking. The coveted World Building of the Year title is considered one of the architecture profession’s top accolades and is decided at the annual festival by a 140-strong expert panel. This year’s winning design was commended by judges for breaking with the conventions of school design.

Persons: ”, Di Ma, Paul Finch, —, ” Finch, WAF Organizations: Singapore CNN, Huizhen, School, Zhejiang University of Technology Engineering, Group, Newark Liberty International, Surat Diamond Bourse, Pentagon, Australia’s Locations: Singapore, Ningbo, Zhejiang, China, Melbourne, Cambodia, Senegal, Surat Diamond, Sylt, Germany, Europe, Winnipeg, Canada, Bangkok, Thailand

☆ Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
▼ + stars: | 2023-11-23 | by ( Reuters Graphic | ) www.reuters.com time to read: +11 min

Of that, at least $9.1 million came from a crypto wallet that U.S. blockchain analysis firm TRM Labs said was linked to pig-butchering scams. Neither did the Thai government, the Thai police or the Bangkok-based trade group Wang represented, the Thai-Asia Economic Exchange Trade Association. The crypto account registered to Wang was held at Binance, the world’s largest crypto exchange, according to three blockchain analysis firms. In April, the U.S. Department of Justice said it seized about $112 million worth of crypto linked to pig-butchering scams, without identifying suspects. The crypto account in Wang’s name was registered in November 2020, according to the financial records Reuters reviewed.

Persons: Wang Yicheng, Wang, Emma, Lisa Wolk, Erin West, Jessica Jung, West, “ I’ve, Jeremy Douglas, Binance, Bitmain, ” Organizations: Thai, Reuters, TRM Labs, Asia Economic Exchange Trade Association, U.S . Federal Bureau of Investigation, Secret Service, FBI, Secret, Global, U.S . Department of Justice, U.S . Treasury, United Nations Office, Drugs, Workers, KK Park, Commerce Company, Cultural Exchange Center, Overseas, United, Washington, Cultural Exchange Locations: California, Bangkok, Thai, Asia, Southeast Asia, U.S, Binance, United States, Thailand, China, Myanmar, KK, Ningbo, China’s, Xiamen

☆ Safety of Defence Personnel 'Utmost Priority', Australia Says After China Warship Incident
▼ + stars: | 2023-11-21 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

NEW DELHI (Reuters) - The safety and wellbeing of Australian defence personnel is Canberra's "utmost priority" and Australia expects all countries to operate militaries in a safe and professional manner, Foreign Minister Penny Wong said on Tuesday. Wong's comments came a week after an incident involving a Chinese warship and an Australian navy vessel in Japan's Exclusive Economic Zone (EEZ) in which an Australian military diver was injured. HMAS Toowoomba - a long-range frigate - was conducting a diving operation on Nov. 14 to clear fishing nets from its propellers when the Chinese warship acted in a dangerous manner, Australia has said. India's relations with China have deteriorated since a 2020 border clash between their militaries in which 20 Indian soldiers and four Chinese troops were killed. Australia, she added, "will cooperate where we can, we will disagree where we must, and we will engage in our national interest".

Persons: Penny Wong, Wong's, Anthony Albanese's, Wong, Subrahmanyam, Richard Marles, YP Rajesh, Krishn Kaushik, Sharon Singleton Organizations: PLA Navy, Liberation Army Navy, PLA, Defence, Indian, YP Locations: DELHI, Australian, Japan's, New Delhi, Toowoomba, Australia, Beijing, Canberra, Ningbo, China, India

But areas of the market dominated by small stocks and frequented by the country's retail investors have done surprisingly well. Scores of retail investors are dabbling in micro-cap stocks - stocks whose market capitalisation is tiny - operating under the radar of big funds and investors and their massive market-moving flows. Strategies such as Cui's stand out this year in a stock market depressed by China's wobbly economy, heightened geopolitical risks and surging overseas interest rates. Some brokerages are starting to recommend micro stocks to clients. GF Securities said in an October strategy report that buying micro stocks is part of a new investment paradigm in a stock market suffering from anaemic growth, and global decoupling risks.

Persons: Aly, horribilis, Joseph Cui, Cui, Yuan Yuwei, Helen Wu, Wu, Yi Huiman, Lu Deyong, Seres, Lu, Huang Yan, Jason Xue, Samuel Shen, Summer Zhen, Vidya Ranganathan, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei Technologies, Regulators, Wisdom Asset, China Securities Regulatory Commission, Huawei, Security Technology, TRS Information Technology, Automotive, Seres, Securities, Shanghai QiuYang, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, ChatGPT, Ningbo, Summer, Hong Kong

☆ Global EV battery supply chain puzzles over China graphite curbs
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. China dominates the global EV battery supply chain including production of graphite - the single largest component. Graphite companies in the country process both the natural material mined domestically and overseas, as well as synthetic forms. Under the new rules, China will require export permits starting Dec. 1 for high-end synthetic graphite, as well as key forms of natural graphite. NATURAL GRAPHITE HITGlobal companies using natural graphite include Hitachi Chemical, part of Japan's Resonac Holdings Corp (4004.T), South Korea's POSCO Future M (003670.KS) and Japan's Mitsubishi Chemical, which produces natural graphite at two plants in China, according to research firm CRU Group.

Persons: Fabian Bimmer, Sunit Kapur, Zhang Yan, Siyi Liu, Brenda Goh, Satoshi Sugiyama, Heekyong Yang, Seoul ， Paul Lienert, Jing Xu, Dominique Patton, Tony Munroe, David Evans Organizations: Volkswagen, REUTERS, Rights, EV, Qingdao, Reuters, China's Ministry of Commerce, Gotion High Tech, BTR, Material Technology, Hitachi Chemical, Japan's Resonac Holdings Corp, Mitsubishi Chemical, CRU Group, Mitsubishi, Resources, Materials, Thomson Locations: Salzgitter, Germany, Beijing, China, Japan, South Korea, United States, U.S, Shanghai, Ningbo Shanshan, Indonesia, Finland, Japan's, Australia, Mozambique, U.S ., Louisiana, North Carolina, Toyko, Seoul ，, Detroit

☆ China export curbs choke off shipments of gallium, germanium for second month
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

China's exports of wrought germanium products stood at 1 kilogram, versus zero in August after a flurry of buying prior to the restrictions saw shipments of wrought products surge to 8.63 metric tons in July. China exported no wrought gallium products in August and September. Exporters of germanium and gallium products now need to obtain an export licence for dual-use items and technologies, meaning those with potential military and civilian applications. Some Chinese companies have obtained export licences for gallium and germanium products, the Ministry of Commerce said in September. China's exports of wrought germanium totaled 36.49 tons in the first nine months of 2023, up 47.4% on the year, while shipments of wrought gallium fell 61.9% on the year to 22.72 tons over the same period.

Persons: Amy Lv, Dominique Patton Organizations: cnsphoto, REUTERS, Rights, Ministry of Commerce, Shanghai Metals, Thomson Locations: Ningbo Zhoushan, Zhejiang province, China, Rights BEIJING, Beijing, Washington

☆ Chinese suppliers to invest in Mexican state where Tesla planning factory - state officials
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Acquire Licensing RightsMEXICO CITY, Oct 18 (Reuters) - Chinese suppliers for Tesla will invest in the northern Mexican state of Nuevo Leon where the automaker is planning to build a new factory, state officials said on Wednesday. The planned investments include $700 million from Ningbo Tuopu Group and $260 million from Hesai Technology, a state official said. Reporting by Daina Beth SolomonOur Standards: The Thomson Reuters Trust Principles.

Persons: Matthew Childs, Daina Beth Solomon Organizations: REUTERS, MEXICO CITY, Tesla, Ningbo Tuopu Group, Hesai Technology, Thomson Locations: London, Britain, MEXICO, Mexican, Nuevo Leon, Ningbo

☆ Chinese Tesla suppliers to invest nearly $1 bln in northern Mexico - state officials
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Matthew Childs/File Photo Acquire Licensing RightsMEXICO CITY, Oct 18 (Reuters) - Two Chinese suppliers for Tesla will invest nearly a billion dollars in the northern Mexican state of Nuevo Leon where the automaker is planning a new factory, Nuevo Leon Governor Samuel Garcia said during a trip to Shanghai on Wednesday. The planned investments include $700 million from Ningbo Tuopu Group (601689.SS) and $260 million from Hesai Technology , a Nuevo Leon representative said. Ningbo Tuopu Group develops shock absorption products and other auto parts, while Hesai Technology makes lidar light sensors for applications like autonomous vehicles and robots. Ningbo is expected to create some 10,000 jobs, and Hesai, up to 4,000, Nuevo Leon officials said. Tesla has not yet begun construction in Nuevo Leon, and its timeline for starting production is unclear.

Persons: Matthew Childs, Samuel Garcia, Tesla, Garcia, Daina Beth Solomon, Raul Cortes, Kylie Madry, Stephen Eisenhammer Organizations: REUTERS, MEXICO CITY, Tesla, Nuevo Leon, Ningbo Tuopu Group, Hesai Technology, Ningbo Tuopu, Hesai, Nuevo, Thomson Locations: London, Britain, MEXICO, Mexican, Nuevo Leon, Nuevo, Shanghai, Ningbo, Austin , Texas, U.S, Mexico, Austin

The individuals' accounts varied but were consistent in describing heightened scrutiny of overseas travel even after China reopened borders in January. Reuters is reporting these measures and the scope of some post-COVID travel curbs for the first time. NEW LIMITSRestrictions on personal foreign travel have long applied to senior government officials and state executives with access to confidential information. MAPPING CONNECTIONSChinese authorities are also scrutinising personal foreign ties, according to a document seen by Reuters, one of the 10 people who discussed travel curbs and three other state-enterprise workers with knowledge of the matter. Thomas said the travel curbs in particular would have implications for China's interactions with the world.

Persons: Carlos Garcia Rawlins, Xi, Neil Thomas, Thomas, Wang Zhi'an, Engen Tham, Julie Zhu, Kane Wu, Xie Yu, Martin Quin Pollard, David Crawshaw, Vidya Ranganathan Organizations: REUTERS, Rights, Reuters, Asia Society, Center for, State, Information Office, Communist Party, China Construction Bank, China Development Bank, National Council for Social Security Fund, Municipal Eco, Communist, Communist Youth League, Ministry of State Security, U.S . Central Intelligence Agency, CIA, Beijing, Thomson Locations: China, Beijing, Rights SHANGHAI, HONG KONG, Center for China, Washington, Shanghai, Zhejiang, Hong Kong, Singapore, Ningbo, Wenzhou, Japan, Italy

☆ Medvedev books China Open semi-final with familiar foe Zverev
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

"I'm happy that I managed to raise my level in important moments, except a game in the second set," Medvedev said. "It's great that I managed to still find in this tough match these moments of consistency, which is enough to win. The 10th-ranked German has lost three times to Medvedev this year but flipped the script in their last meeting in Cincinnati. I'm really happy with that. The Tunisian, who is looking to qualify for the season-ending WTA Finals, plays Marta Kostyuk in the second round.

Persons: Russia's Daniil Medvedev, France's Ugo Humbert REUTERS, Florence Lo, Daniil Medvedev, Ugo Humbert 6, Alexander Zverev, Medvedev, Humbert, Zverev, Chile's Nicolas Jarry, it's, He's, Carlos Alcaraz, Casper Ruud, Grigor Dimitrov, Jannik, Spain's Sara Sorribes Tormo, Frenchwoman Varvara Gracheva, I've, Swiatek, I'm, Coco Gauff, Ekaterina Alexandrova, Ashlyn Krueger, She's, Marta Kostyuk, Shrivathsa Sridhar, Clare Fallon Organizations: China, National Tennis Center, Rights, Chile's, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Rotterdam, Doha, Dubai, Miami, Russian, Chengdu, Cincinnati, Ningbo, Osaka, Bengaluru

☆ WTA roundup: Top seed Iga Swiatek survives in Tokyo
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Swiatek rallied from 4-1 down in the first set and squandered a 5-1 lead in the second set before prevailing in just over two hours. 8 seed Veronika Kudermetova of Russia, who defeated Kayla Day 6-3, 6-3 in second-round action at the WTA 500 event. 7 seed Liudmila Samsonova fell in straight sets to fellow Russian Ekaterina Alexandrova, 6-4, 6-2. 1 seed Ons Jabeur of Tunisia eased into the quarterfinals in Ningbo, China, with a 6-3, 6-2 win over Germany's Tamara Korpatsch. 4 Anna Blinkova of Russia 6-3, 3-6, 6-1.

Persons: Iga Swiatek, Slovenia's Kaja Juvan, Brendan Mcdermid, Mai Hontama, Swiatek, Veronika Kudermetova, Kayla Day, Jessica Pegula, Spain's Cristina Bucsa, Liudmila Samsonova, Ekaterina Alexandrova, Germany's Tamara Korpatsch, Jabeur, Russia's Vera Zvonareva, Clara Tauson, Dane, Katerina Siniakova, Linda Fruhvirtova, Anna Blinkova, Lucia Bronzetti, Nadia Podoroska Organizations: Slovenia's Kaja Juvan REUTERS, Pan, WTA, Thomson Locations: Flushing Meadows , New York, United States, Poland, Tokyo, Russia, Ningbo, Jabeur, Tunisia, China, Czech, Romania, Italy, Argentina

☆ Women’s tennis returns to China after Peng Shuai boycott
▼ + stars: | 2023-09-18 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The Women’s Tennis Association (WTA) kicked off its first tournament in China in more than three years Monday, ending its boycott over the uncertain fate of tennis star Peng Shuai. Peng, a three-time Olympian and grand slam doubles champion, later denied having made the sexual assault claim. But despite the lack of such an investigation, Simon announced this April that the suspension, which he called a “principled stand,” would come to an end by September. The WTA had already pulled its tournaments in China in 2020 due to Covid-19 travel restrictions. Cornet had posted an Instagram story saying her season would only resume later in October, the newspaper said.

Persons: Peng Shuai, Peng, Zhang Gaoli, –, Zhang, Steve Simon, ”, Simon, ” Peng “, Alize Cornet, Cornet, ” Cornet Organizations: Hong Kong CNN, Tennis Association, United, Communist, WTA, Guangzhou, Olympic, Beijing Winter Games, Human Rights Watch, Reuters Locations: China, Hong Kong, United Nations, Beijing, Ningbo

A four-year absence of elite women’s tennis in China is set to end with the Women's Tennis Association holding seven tournaments in the next six weeks as part of the tour's Asian swing. Political Cartoons View All 1163 ImagesIn doubles, Peng won major championships at Wimbledon in 2013 and the French Open in 2014. She won 23 WTA titles in doubles and two in singles and represented China at three Summer Olympics. The China Open, a WTA and ATP 1000 event, follows from Sept. 28 and will see 2023 U.S. Open finalist, Aryna Sabalenka, debut as the new world No. In October, the tour moves to the WTA 500 Zhengzhou Open and WTA 250 Hong Kong with both tournaments starting Oct. 9.

Persons: Peng Shuai’s, Peng, Zhang Gaoli, Steve Simon, “ We’ve, ”, There’s, Alize Cornet, ” Cornet, Aryna Sabalenka, Iga Swiatek, Coco Gauff, Elena Rybakina, Jessica Pegula, Naomi Osaka, Sabalenka, — Organizations: Women's Tennis Association, WTA, Wimbledon, U.S, China Locations: China, Guangzhou, Ningbo, Hong Kong, Jiangxi, Asia, Zhuhai

☆ WTA must keep Peng case in public eye on China return, says human rights advocate
▼ + stars: | 2023-09-15 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

Peng then briefly disappeared from public view and the former doubles number one later denied making the accusation, sparking an international outcry over her safety. In meetings with Chinese officials and in public appearances, they should talk about Peng's case. And as for the WTA, it should keep pressing the case robustly and publicly." Reuters has contacted the WTA and Chinese Tennis Association for an update on efforts to speak to Peng since the tour's decision to return to China. This year, it will hold tournaments in Guangzhou (Sept. 18-23) and Ningbo (Sept. 25-30) before the season's final WTA 1000 event in Beijing (Sept. 30-Oct. 8).

Persons: China’s Peng Shuai, Canada’s Eugenie Bouchard, Edgar Su, Peng Shuai, Peng, isn't, Yaqiu Wang, Frenchwoman Alize Cornet, Le Parisien, Cornet, Shrivathsa Sridhar Organizations: Melbourne, REUTERS, Rights, WTA, Reuters, Freedom House, Chinese Tennis Association, Thomson Locations: Melbourne, Australia, China, Guangzhou, Asia, Ningbo, Beijing, Zhengzhou, Hong Kong, Nanchang, Zhuhai, Le, Bengaluru

☆ One part of China’s consumer market is holding up against a broad decline
▼ + stars: | 2023-08-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Customers enjoy food at a new Costco store in Shanghai on the first day of its trial operation on March 10. China News Service | China News Service | Getty ImagesBEIJING — If retail sales slowed this summer, it hasn't felt that way in parts of China. In the weeks around early July, New York residents David and Susan Schwartz visited three Costco stores, known as warehouses, on the outskirts of Shanghai and the neighboring city of Suzhou. China's retail sales slowed to a 2.5% year-on-year increase in July, adding to growing uncertainty about the country's future growth. Chris Reitermann CEO, Ogilvy Asia Pacific and Greater ChinaThe massive property market, where the majority of household wealth is stored, accelerated its decline in July.

Persons: hasn't, Susan Schwartz, David Schwartz, David, Susan, Malin, Goetz, Kate Spade, they're, Chris Reitermann, Ogilvy's Reitermann, Daniel Zipser Organizations: Costco, China News Service, Getty, BEIJING, U.S, Ogilvy Asia Pacific, CNBC, McKinsey Global Institute, Media, McKinsey Locations: Shanghai, China, New York, Suzhou, U.S, Hangzhou, Ningbo, York, Greater China

A man walks past a sign of Geely's new premium electric vehicle (EV) brand Zeekr at its factory in Ningbo, Zhejiang province, China April 15, 2021. Geely in December said Zeekr had confidentially filed for a U.S. IPO, without detailing size or listing date. If successful, a $1 billion IPO would be the largest U.S. listing by a Chinese firm for over two years since ride-hailing giant Didi raised $4.4 billion in mid 2021. Geely, formally Zhejiang Geely Holding Group (GEELY.UL), established Zeekr in April 2021 to tap into increasing Chinese demand for high-end EVs. ($1 = 7.2883 Chinese yuan renminbi)Reporting by Julie Zhu in Hong Kong and Scott Murdoch in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: HONG KONG, Geely, Zeekr, Didi, Andy, Julie Zhu, Scott Murdoch, Christopher Cushing Organizations: REUTERS, Yilei, U.S, Zhejiang Geely Holding, Thomson Locations: Ningbo, Zhejiang province, China, HONG, Hangzhou, Hong Kong, Singapore, London , New York, Boston , California, U.S, Zhejiang, Netherlands, Sweden, Israel, Kazakhstan, Sydney

☆ Factbox: China's incumbent and upcoming LNG traders
▼ + stars: | 2023-08-21 | by ( Chen Aizhu | ) www.reuters.com time to read: +5 min

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. Below is a list of China's main gas traders and their operations globally, according to information from company sources and traders. In May, PCI became the first Chinese firm to gain long-term access to gas storage at a European gas terminal. CNOOC also plans to create a London desk in the coming year or two, following PCI and Unipec. Sumitomo Corp (8053.T), which has a desk to trade piped gas in London is considering expanding into LNG trading, said a company spokesperson.

Persons: Issei Kato, Keith Martin, Wang Bingsi, CNOOC, Norinco, ENN, Chen Aizhu, Yuka Obayashi, Florence Tan, Tom Hogue Organizations: REUTERS, Rights, PetroChina International, PCI, London, Gazprom, China National Offshore Oil Company, Gas Co, ENN, LNG, Beijing Gas, Zhejiang Energy, Zhejiang Energy Zhejiang Energy, Exxon Mobil, Mexico, China Gas Holding, China Gas, JOVO Energy, Privately, SOUTH, Mitsubishi Corp, Marubeni Corp, Tokyo Gas, Korea's SK E, Sumitomo Corp, Thomson Locations: Futtsu, Tokyo, Japan, London, Singapore, Beijing, Dubai, Houston, Sinopec, China, Jiangsu province, ENN, U.S, Hebei, Shenzhen, CNOOC, Zhejiang Energy Zhejiang, Zhejiang, Ningbo, Wenzhou, Zhejiang province, HK, Guangxi province, Yantai, Shandong province, Guangdong, Guangzhou, JAPAN, SOUTH KOREA, Asia

Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.

Persons: Xi Jinping, Xi’s, ”, It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, “, Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, ”, Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, “, Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai

☆ Oil slips as China sours sentiment
▼ + stars: | 2023-08-15 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. In a surprise move, China's central bank marginally cut key interest rates on Tuesday, after a broad array of data highlighted intensifying pressure on the economy, mainly from the property sector. There are concerns China may struggle to meet its growth target of about 5% for the year without more fiscal stimulus. On Tuesday, Barclays cut its forecast for China's 2023 gross domestic product growth to 4.5%, citing a faster-than-expected deterioration in the housing market. Still, sentiment on China is souring, added PVM's Evans.

Persons: Stringer, galvanise, John Evans, refiners, PVM's Evans, Natalie Grover, Muyu Xu, Katya Golubkova, Tom Hogue, Jason Neely, Tomasz Janowski Organizations: REUTERS, Garden Holdings, Brent, . West Texas, of, Petroleum, Tuesday, Barclays, Thomson Locations: Ningbo Zhoushan, Zhejiang province, China, Saudi Arabia, Russia, OPEC

☆ Oil edges up as China cuts policy rates to support economy
▼ + stars: | 2023-08-15 | by ( Muyu Xu | ) www.reuters.com time to read: +2 min

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Prices turned higher after the People's Bank of China (PBOC) lowered the rate on 401 billion yuan ($55.3 billion) in one-year medium-term lending facility (MLF) loans to some financial institutions by 15 basis points to 2.5%. Despite the weak macroeconomic data, China's oil appetite showed resilience. The declining U.S. output could exacerbate global oil supply tightness as the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, cut production. Reporting by Muyu Xu and Katya Golubkova; Editing by Sonali Paul and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Stringer, Robert Carnell, refiners, Muyu Xu, Katya Golubkova, Sonali Paul, Tom Hogue Organizations: REUTERS, Garden Holdings, SINGAPORE, Brent, . West Texas, People's Bank of China, ING Bank, Energy, of, Petroleum, Thomson Locations: Ningbo Zhoushan, Zhejiang province, China, Beijing, Asia Pacific, OPEC

☆ Oil steadies as China data sours sentiment
▼ + stars: | 2023-08-15 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. REUTERS/Stringer /File PhotoCompanies Country Garden Holdings Co Ltd FollowLONDON, Aug 15 (Reuters) - Oil prices stabilised on Tuesday as sluggish Chinese economic figures were countered by Beijing unexpectedly cutting key policy rates for the second time in three months. China's industrial output and retail sales data on Tuesday showed the economy slowed further last month, intensifying pressure on already faltering growth and prompting authorities to cut key policy rates to shore up activity. In an effort to shore up support, the People's Bank of China (PBOC) lowered the rate on 401 billion yuan ($55.3 billion) in one-year medium-term lending facility (MLF) loans to some financial institutions by 15 basis points to 2.5%. Still, sentiment on China is souring, added PVM's Evans.

Persons: Stringer, galvanise, John Evans, Robert Carnell, refiners, PVM's Evans, Natalie Grover, Muyu Xu, Katya Golubkova, Tom Hogue, Jason Neely Organizations: REUTERS, Garden Holdings, Brent, . West Texas, of, Petroleum, People's Bank of China, ING Bank, Thomson Locations: Ningbo Zhoushan, Zhejiang province, China, Beijing, Saudi Arabia, Russia, OPEC, Asia Pacific

☆ China coast guard says held maritime enforcement drills with Russia, South Korea
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: 1 min

A China Coast Guard vessel patrols at the disputed Scarborough Shoal April 6, 2017. Picture taken April 6, 2017 REUTERS/Erik De Castro/File PhotoBEIJING, Aug 11 (Reuters) - China's coast guard held joint drills with its counterparts from Russia and South Korea from Aug. 7 to 10, according to an official statement from the China side. Maritime law enforcement from countries including Russia and South Korea took part in the annual North Pacific coast guard drills in eastern Chinese city Ningbo, the Chinese coast guard said in the statement on Friday. The drills targeted drug trafficking at sea. Reporting by Albee Zhang and Ryan Woo; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Erik De Castro, Albee Zhang, Ryan Woo, Kim Coghill Organizations: China Coast Guard, Scarborough, Thomson Locations: BEIJING, Russia, South Korea, China, Pacific, Chinese, Ningbo

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