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CNN —Ancient Buddhist murals and statues in caves along China’s Silk Road are under “direct threat” from extreme rainfall brought by climate change, researchers have found. Zhangye Cultural Heritage Administration/GreenpeaceThe report comes as China is conducting its fourth nationwide cultural heritage survey to log the state of the country’s historical artifacts. “The sites we looked at include some of the most well-funded, best-staffed cultural heritage sites in China. Li said Chinese officials and academics are increasingly aware of the threats of the climate crisis on the country’s cultural heritage sites. Unlike Dunhuang, many historical sites lack long-term monitoring data to research the impacts of climate change, Li said.

Persons: ”, Li Zhao, Li, we’re, they’re, ” Li, Tianlongshan grottoes Organizations: CNN, UNESCO, Heritage, Greenpeace, Greenpeace East Asia’s, Spikes, Heritage Administration, Dunhuang Academy Locations: Gansu, Greenpeace East, Greenpeace East Asia’s Beijing, Jinta, China, Shanxi, Jinci, Dunhuang

During those COP27 climate talks last year in Egypt, China's top climate envoy, Xie Zhenhua, made an unexpected appearance at a meeting of the Global Methane Partnership, a U.S.-EU led initiative aimed at slashing 2020-level methane emissions by 30% by the end of this decade. Xie said China had drafted a plan with concrete measures to curb methane emissions from energy, agriculture and waste. COAL GASTwo big sources of methane emissions growth in China are livestock and rice production, neither of which are included in the country's climate plans. China is the world's largest source of methane from coal mines, with 28% of the world's biggest methane emissions points, according to Antoine Halff, co-founder of the environmental research group Karryos. "When you look around at the sources of coal mine methane worldwide, China is three or four times bigger than the next country's coal mine methane emissions," Banks said.

Persons: John Kerry, Kerry, Xie Zhenhua, Xie, Jonathan Banks, Joe Biden, Biden, Banks, Antoine Halff, Halff, Valerie Volcovici, David Stanway, Dominique Patton, Timothy Gardner, Katy Daigle, Will Dunham Organizations: Sunday, Methane Partnership, EU, Air Task Force, Program, Lawrence Berkeley National Laboratory, Task Force, Thomson Locations: BEIJING, U.S, China, Beijing, United States, Washington ., Glasgow, Sharm el, Egypt, Dubai, Shanxi, Boston, Singapore, Washington

☆ Factbox: China's major germanium and gallium producers
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

China produces around 60% of the world's germanium, or 180 metric tons in 2022, and over 90% of the world's gallium, about 606 tons last year, according to research firm Antaike. YUNNAN GERMANIUM, AN ESTABLISHED PRODUCERHeadquartered in southwest China's Yunnan province, Yunnan Lincang Xinyuan Germanium Industry Co. Ltd. (002428.SZ) extracts germanium from its own germanium mines and germanium-containing lignite coal mines. It has an annual capacity of 47.6 metric tons of germanium ingot, 60 tons of germanium tetrahydride - used to build 5G infrastructure - and 300,000 germanium wafers for solar cells. CHINALCO, A MAJOR GALLIUM PRODUCERState aluminium giant Chinalco has three gallium production plants, one each in central China's Henan and southwestern Guangxi and Guizhou provinces. It has annual production capacity of 200 metric tons of gallium metal and produced 146 metric tons in 2022.

Persons: Duan Xiangdong, Hope, Zhuzhou, Dominique Patton, David Evans Organizations: . Ltd, Aluminum Corporation of China, Zhuhai Fangyuan, Xing'an, Gallium, AXT Inc, Beijing, Thomson Locations: BEIJING, China, YUNNAN, China's Yunnan, Yunnan, China's Henan, Guangxi, Guizhou, Shanghai, Zhuzhou, China's Hunan, Zhuhai, Guangdong, Shanxi, Nanjing, U.S, Beijing

☆ The future of travel: 10 concepts that will change the way we experience the world
▼ + stars: | 2023-06-20 | by ( Kate Springer | ) edition.cnn.com time to read: +22 min

Concepts that feel plucked from sci-fi novels and films are quickly making their way into mainstream travel, shaping every step of the journey. Seamus PayneLike air travel, eco-conscious hotels are paving the way for more sustainable travel in the future. HyperloopTTUS entrepreneur Elon Musk has been talking about hyperloop technology – an ultra-high-speed transport system in a low-pressure vacuum tube – for years. Meanwhile, Toronto-based TransPod hopes to bring hyperloop technology to Canada with its eponymous tube-based transportation system powered by renewable energy. By 2025, the company plans to build a 620-mile-per-hour TransPod link between Calgary and Edmonton, connecting the two cities in 45 minutes.

Persons: Elijah Nouvelage, Indira Gandhi, Paris Charles de Gaulle, Austin Farmer, we’ll, don’t, David ”, you’ll, Alexander the Great, ” Michael Breer, KAWS, collectables –, Breer, ” Breer, You’ve, ” Jetson, Peter Ternstrom, Apollo, Cruise, ”, what’s, Boom’s, –, Seamus Payne, room2, Marcel Breuer, Tesla, charades, Yusaku Maezawa, Elon Musk, hyperloop, Virgin Hyperloop, HyperloopTT, Hardt Hyperloop Organizations: CNN, Travel, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Getty, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, European Union, Emirates, Dubai International, American Airlines, United, Delta, Bluetooth, Alaska Airlines, Lufthansa, Qatar Airways, Specterras Productions, CNN Travel, VR, Aircraft, Federal Aviation Administration, Baidu, Hyundai, Las, CNN Travel ., Alphabet Inc, Beta, International Civil Aviation Organization, Alice, DHL, Air New, Concorde, Japan Airlines, Bauhaus, CEH Technologies, Origin, SpaceX, International Space, NASA, Galactic, Space Training Academy, Nastar Center, Boring Company, Virgin, Hyperloop Transportation Technologies, China Morning Post, China Aerospace Science, Industry Corporation, European Hyperloop Center Locations: Singapore, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Dutch, Europe, Florence, Palmyra, Machu Picchu, New York, Ehang, China, Boston, Las Vegas, Motional, Phoenix, San Francisco, Los Angeles, North America, Austin, Beijing, Chongqing, Wuhan, Shanghai, Guangzhou, Mexico, Air New Zealand, Denver, New York City, Frankfurt, LA, Sydney, London, New Haven , Connecticut, Hungarian, Norway, Red, Saudi Arabia, Amsterdam, Chicago, Cleveland, Pittsburgh, Shanxi province, Netherlands, Toronto, Canada, Calgary, Edmonton

☆ Chinese miners try livestream sales to shift coal glut
▼ + stars: | 2023-06-15 | by ( Andrew Hayley | ) www.reuters.com time to read: +2 min

BEIJING, June 15 (Reuters) - On China's frenetic and hugely popular retail livestreams, glamorous hosts sell goods ranging from shoes and lipsticks to baby products and, increasingly, truckloads of sulphurous coal. By comparison, domestic thermal 5,500 kcal coal was traded at about 800 yuan ($111.64) per ton as of last week, according to trading sources. Though wholesaling of hard commodities is not entirely new to China's streaming platforms, it appears to be on the rise. Three of the most active coal channels on Douyin identified by Reuters - Huaze Coal, Guohai Daily Coal Price, and Jixing Coal - have together held 164 such online events so far this quarter, up from 120 events last quarter and 107 events in the fourth quarter of 2022. ($1=7.17 yuan)Reporting by Andrew Hayley and Beijing newsroom: Editing by Tony Munroe, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Hayley, Tony Munroe, Alexandra Hudson Organizations: Huaze Coal Industry, Reuters, Huaze, Daily Coal, Jixing, Alexandra Hudson Our, Thomson Locations: BEIJING, Shanxi, Beijing

The rains are also causing the kernels on his wheat crop to begin sprouting early, which, more crucially, means the grain will produce lower quality flour unsuitable for noodles or bread. "Look, all this wheat has sprouted," Chen told Reuters, pouring kernels into his hand while standing in his fields about 40 km (25 miles) north of the town of Zhumadian. About one-third of China's wheat is grown in Henan province, earning it the nickname the granary of China. A Xiping-based grain dealer surnamed Wang is paying growers 2,100 yuan ($295) per metric ton of germinated wheat, about 75% of the market price for food-grade wheat. "These (sprouted) wheat have a bad taste as they are sticky and doesn't mix well to make dough."

Persons: Chen, it's, Darin Friedrichs, Tang Renjian, Wang, Qin Ningwei, Josh Arslan, Dominique Patton, Christian Schmollinger Organizations: Reuters, Sitonia Consulting, El, China's Agriculture, Thomson Locations: COUNTY, China, China's Henan, Zhumadian, Henan province, Henan, Anhui, Shanxi, Shandong, Shanghai, Australia, Ukraine

☆ China's domestic travel recovery marred by anti-spending 'special forces'
▼ + stars: | 2023-05-17 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +4 min

[1/2] Passengers wait to board trains at Shanghai Hongqiao railway station ahead of the five-day Labour Day holiday, in Shanghai, China, April 28, 2023. To get to the ancient temples, pagodas and grottoes she wanted to visit, she walked roughly 30,000 steps a day. "I can control the expenses, to go to many places for the least amount of money, but it is really tiring." "Maybe I didn't wear the right shoes, but my feet started to hurt after walking more than 10,000 steps," she said, joking that she exemplified "the battle-scarred version of special forces travel." ($1 = 6.9121 Chinese yuan renminbi)Reporting by Casey Hall and Shanghai newsroom; Editing by Marius Zaharia and Lincoln Feast.

☆ HSBC reaches deal to buy out China fund partner, Reuters reports
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: +1 min

HSBC has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world's second-largest economy. HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an agreement with Shanxi Trust under which the Chinese state-owned company will sell its 51% holding in the joint venture to the bank, said the sources. If approved, Europe's biggest bank by assets, which makes the bulk of its revenue and profit in Asia, will expand its presence in the $3.8 trillion fund management market in China. Representatives for Shanghai-headquartered HSBC Jintrust and Shanxi Trust did not immediately respond to a request for comment. HSBC's move to boost its stake in the fund venture is the lender's latest to expand its presence in China.

☆ Exclusive: HSBC reaches deal to buy out China fund partner -sources
▼ + stars: | 2023-05-08 | by ( Selena Li | ) www.reuters.com time to read: +2 min

HONG KONG, May 8 (Reuters) - HSBC (HSBA.L) has agreed to buy out its China fund management joint venture partner, two people familiar with the matter said, as the Asia-focused bank pushes ahead with expansion in the world's second-largest economy. HSBC, which currently owns a 49% stake in HSBC Jintrust Fund Management, has signed an agreement with Shanxi Trust under which the Chinese state-owned company will sell its 51% holding in the joint venture to the bank, said the sources. Representatives for Shanghai-headquartered HSBC Jintrust and Shanxi Trust did not immediately respond to a request for comment. HSBC's move to boost its stake in the fund venture is the lender's latest to expand its presence in China. The London-headquartered bank converted its China insurance joint venture to a wholly-owned subsidiary in 2021, and boosted ownership of its China securities joint venture to 90% last year.

☆ Chinese tourists flock to gambling hub Macau for Labour Day holiday
▼ + stars: | 2023-04-30 | by ( Joyce Zhou | ) www.reuters.com time to read: +3 min

[1/5] A view of visitors in front of the ruins of Saint Paul's during Labour Day holiday in Macau, China, April 30, 2023. REUTERS/Lam YikMACAU, April 30 (Reuters) - Hundreds of thousands of mainland Chinese visitors have descended on the world's biggest gambling hub of Macau for the Labour Day holiday, packing tightly into its narrow cobblestone streets and placing bets in its glitzy casinos. Coco Li, a 42-year-old woman from Hubei province who was visiting with her husband, said they chose to come to Macau because travel rules had relaxed. "We've been actively working with the Macau government on our labour requirements," the company said. Reporting by Joyce Zhou in Macau; Writing by Farah Master; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Sandstorms, dangerous pollution return to Beijing
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] A woman poses for pictures near the Forbidden City, as the city is shrouded in smog amid a sandstorm, in Beijing, China March 10, 2023. The capital Beijing has seen regular air pollution and an unseasonal number of sandstorms over the past few weeks. On Tuesday morning, smog and misty grey clouds could be seen enveloping Beijing and the city's real-time air quality index was at a serious pollution level, according to the website of the Beijing Municipal Ecological and Environmental Monitoring Center. The concentration of fine particulates in the air in Beijing is currently 46.2 times the World Health Organization's annual air quality guideline value, according to IQAir, a website that issues air quality data and information. Beijing has regular sandstorms in March and April as it is near the large Gobi desert.

☆ Great Wall of China: Six sections with beautiful views
▼ + stars: | 2023-04-07 | by ( ) edition.cnn.com time to read: +13 min

Whether you’re planning to visit the Great Wall for the first time or the 50th, the following destinations are sure to make your trip to China even more worthwhile. The juxtaposition of its ruins against the rammed-earth Great Wall makes Bataizi a unique place to spend a morning or afternoon. Laoniuwan (aka the Old Ox Bend Great Wall)Laoniuwan, where the Great Wall and the Yellow River meet. Alex SherrAs the locals say, Laoniuwan is where the Great Wall and the mighty Yellow River shake hands. The piled-stone wall at Dushikou is unique, as many other sections of the Great Wall close to Beijing were constructed using kiln-fired bricks.

Persons: CNN —, I’ve, Alex Sherr, ”, Alex Sherr Mutianyu, you’ll, William Lindesay, Pan, Zuoyun, You’ll, Simatai, Yatou’s, Emperor Jiajing, Lamb Organizations: CNN, Tourism, UNESCO, Northern Barbarians Locations: Beijing, China, Turtle, Gansu, Sitan, Jingtai County, City, Jingtai, Lanzhou, Gansu province, Turtle City, Lanzhou Zhongchuan Airport, it’s, Mutianyu, Jiankou, Xizhazi, Bataizi, Datong, Shanxi province’s, Zuoyun, Zuoyun County, Laoniuwan, Pianguan County, Xinzhou, Shanxi province, Inner Mongolia, marveling, Pianguan, Tangjiazhai, Beijing’s Miyun, Miyun, It’s, Dushikou, Chicheng, Hebei province, Hebei, Liuliqiao

LONDON, March 31 (Reuters) - China’s liquefied natural gas (LNG) imports fell sharply in 2022 because of the disruption caused by lockdowns to control the coronavirus epidemic and the massive exit wave of infections when they were lifted. But the import rebound could be smaller than some analysts anticipate because domestic gas production is rising strongly and the country has mostly completed its transition to natural gas for urban residents. Both LNG and pipeline imports remained subdued in the first two months of this year with any rebound delayed until later in 2023. China’s LNG purchasers have proved price-sensitive and will likely wait for prices to decline before increasing imports and refilling storage. PIPELINES NOT LNGThe shift from LPG and especially gasworks gas has turbocharged consumption of natural gas over the last decade.

☆ Yang Bing-yi: Founder of Din Tai Fung dumpling empire dies, age 96
▼ + stars: | 2023-03-26 | by ( Heather Chen | ) edition.cnn.com time to read: +1 min

Yang Bing-yi, who set up the Taiwanese restaurant chain Din Tai Fung, “passed away peacefully” at the age of 96, the company said in a statement Saturday. He opened a small shop in Taiwan’s capital Taipei with his wife, naming it Din Tai Fung and selling cooking oil and Xiao Long Bao, steamed Chinese soup dumplings often made with pork. It expanded into a franchise, with outlets in the United States, United Kingdom, Australia, United Arab Emirates, South Korea and Singapore. Steamed pork dumplings served at Din Tai Fung's Hong Kong branch. Its restaurant at the Taipei 101 skyscraper hosted Hollywood star Tom Cruise in 2013, who dined and joined chefs to make soup dumplings.

☆ Thick sandstorms shroud Beijing and several provinces in China
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

BEIJING, March 22 (Reuters) - Capital Beijing and several provinces in China will be affected by thick, dense sandstorms that will severely affect visibility, Chinese weather authorities said on Wednesday. The Central Meteorological Observatory issued yellow warning signals from Wednesday to early morning Thursday for Shaanxi, Shanxi, Hebei, Heilongjiang, Jilin, Liaoning, Shandong, Henan, Jiangsu, Anhui and Hubei provinces. Many areas will have low visibility, weather forecasters said, cautioning drivers on speed. China has a four-tier, colour-coded weather-warning system, with red representing the most severe warning, followed by orange, yellow and blue. Beijing, which was also issued a yellow sandstorm warning, has experienced sand and dust storms over the past several days, causing pollution levels to drastically increase.

☆ Column: China widens renewable energy supply lead with wind power push
▼ + stars: | 2023-03-01 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

China added more wind generation capacity in the past two years than over the previous seven, and in 2022 generated 46% more wind power than all of Europe, the second largest wind generation market, according to data from think tank Ember. MAJOR MILESTONESWhile China has deployed record volumes of both solar and wind power capacity over the past decade, wind generation capacity has grown more steeply than solar capacity since 2020. For industrial scale electricity generation, wind power is often preferred over solar due to the ability for wind turbines to generate electricity around the clock, while solar power generation drops off as the sun sets. Beyond cementing China's place in the international green energy hierarchy, the climb in wind power capacity has helped redraw the energy mix across several key provinces. China’s wind power generation by key ProvinceIn addition, higher generation of renewable power has helped cap power costs for consumers just as the prices of coal and natural gas have pushed sharply higher on international markets.

☆ A Chinese city is offering couples almost $2,900 to have a third child and some others are giving newlyweds paid marriage leave to help boost the birth rate
▼ + stars: | 2023-02-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Chinese city of Hangzhou is giving $2,900 to parents welcoming a third child this year. Some other cities are giving almost 30 days of marriage leave to boost the birth rate. Meanwhile, the northeastern city of Shenyang is offering subsidies of up to $72 a month till a child is three years old. Chinese employees are typically entitled to three days of paid marriage leave. The push for babies comes after China's population started shrinking for the first time in six decades.

☆ Chinese provinces give 30 days' paid 'marriage leave' to boost birth rate
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

[1/3] A newly wed couple pose for pictures on Valentine's Day at a marriage registration office in Hangzhou, Zhejiang province, China February 14, 2023. China Daily via REUTERSHONG KONG, Feb 21 (Reuters) - Some Chinese provinces are giving young newlyweds 30 days of paid leave in the hope of encouraging marriage and boosting a flagging birth rate, the Communist Party mouthpiece People's Daily Health said on Tuesday. China's minimum paid marriage leave is three days, but provinces have been able to set their own more generous allowances since February. "Extending marriage leave is one of the effective ways of increasing the fertility rate," Yang Haiyang, dean of the Social Development Research Institute of Southwestern University of Finance and Economics, was quoted as saying. Yang said a host of other supporting policies were still needed, including housing subsidies and paid paternity leave for men.

☆ China has to figure out how to care for 400 million people over the age of 60 by 2040 — and it's off to a rocky start
▼ + stars: | 2023-02-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

By 2040, it's expected to have 400 million people above the age of 60 — more people than in the entire US. "It's obvious that relying on contributions from medical insurance schemes to fund age care services is not likely to be viable in the longer term," she said. Alzheimer's is quickly rising as a concern in China, Luk said. "Is China aging rapidly? Beijing has been pressuring the private sector into building daycare centers, wards, and other age care infrastructure to shore up gaps in local government finances, Gu said.

☆ Explainer: What we know about China's medical reform protests
▼ + stars: | 2023-02-16 | by ( Laurie Chen | ) www.reuters.com time to read: +5 min

WHAT ARE THE MEDICAL INSURANCE REFORMS? Beginning Feb. 1, personal medical insurance benefits for Wuhan retirees were slashed from about 5% of the average basic pension to 2.5%, or 83 yuan ($12) per month, according to the Wuhan Healthcare Security Administration. In an essay published Thursday that did not refer to the protests, Finance Minister Liu Kun vowed to "deepen the reform of medical insurance payment methods". Following initial protests in Wuhan last week, the hashtag "Major adjustment in Wuhan medical reform" was viewed over 100 million times before being blocked. Since January, similar insurance reforms have been rolled out in provinces and regions including Jiangxi, Gansu，Shanxi, Qinghai, Sichuan and Guangxi.

☆ US restricts 6 Chinese companies tied to airships and balloons
▼ + stars: | 2023-02-11 | by ( Brian Rokus | ) edition.cnn.com time to read: +2 min

CNN —The US Commerce Department is restricting six Chinese companies tied to the Chinese army’s aerospace programs from obtaining US technology without government authorization. US fighter jets shot down the balloon, which American officials have since claimed is part of an extensive surveillance program run by the Chinese military. The six companies are: Beijing Nanjiang Aerospace Technology; China Electronics Technology Group Corporation 48th Research Institute; Dongguan Lingkong Remote Sensing Technology; Eagles Men Aviation Science and Technology Group; Guangzhou Tian-Hai-Xiang Aviation Technology; and Shanxi Eagles Men Aviation Science and Technology Group. The inclusion of the companies on the Commerce Department’s “Entity List,” sends “a clear message to companies, governments, and other stakeholders globally that the entities on the list present a threat to national security,” the statement said. “Today’s action makes clear that entities that seek to harm US national security and sovereignty will be cut off from accessing US technologies.”CNN has reached out to the companies involved and the Chinese government for comment.

☆ Rural China is running out of coffins because COVID-19 is rampant — and the cost of funerals is skyrocketing
▼ + stars: | 2023-01-25 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Rural areas in China are running out of coffins amid a COVID-19 outbreak, the BBC reported. There's no official COVID-19 death count or estimate in some rural areas in China. One villager told BBC that funeral industry workers were "earning a small fortune." One doctor who operates a small clinic in rural china told BBC that he is hopeful the worst is over and that most of the residents in his town had already caught COVID-19. But there is a concern that more COVID-19 deaths are still to come, the BBC reported.

☆ China coal output in Dec slips on COVID; rises to record in 2022
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

China produced 402.69 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Tuesday, equivalent to 12.99 million tonnes per day. That compares with 13.04 million tonnes per day in November, and 12.41 million tonnes in December 2021. Total production for 2022 rose to a record 4.496 billion tonnes, 9% higher than output in 2021, data from the NBS showed. China's coal production is expected to expand further in 2023 amid Beijing's emphasis on bolstering energy security. The country is assessed to have approved 260 million tonnes of coal mining capacity in 2022, bringing total capacity to 5.05 billion tonnes.

☆ China boosts coal output, eases Australia ban to bolster energy security
▼ + stars: | 2023-01-09 | by ( Muyu Xu | ) www.reuters.com time to read: +4 min

SINGAPORE, Jan 9 (Reuters) - The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output. "Many miners would welcome the opportunity to renew their commercial relationships in China for both metallurgical coal and thermal coal." read moreAmong them, China Energy Investment Corp has placed an order to import Australian coal which could load later this month. read moreMarket participants expect more firms to be granted permission to buy Australian coal in the coming months. HIGHER QUALITYChina purchased more than 30 million tonnes of coking coal and nearly 50 million tonnes of thermal coal from Australia before buying stopped.

☆ China funds with energy bets stand out in a bleak year
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI, Dec 30 (Reuters) - Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers. Huang Hai, who manages three funds for Wanjia Asset Management, far outperformed the market by wagering on energy stocks such as CNOOC , China Shenhua Energy (601088.SS) and Shaanxi Coal (601225.SS). Energy companies including Shaanxi Coal, Shanxi Lu'an Environmental Energy (601699.SS), Guanghui Energy (600256.SS) and Shenhua Energy are among her fund's top 10 holdings. A Chinese index fund that tracks the Dow Jones U.S. The Lion Oil and Gas Energy Equity Fund, which invests in global energy funds under China's outbound QDII scheme, delivered a return of 53% for domestic investors.

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