China

Whose Oil Will Quench China’s Thirst?

by Oilprice.com •  • 1 Comment

As the world’s biggest net importer of crude, China is in a vulnerable position: utterly dependent on oil imports, at a time when its economy is beginning to wobble.

Dang, The Wine Bubble Implodes (It’s China’s Fault)

by Wolf Richter •  • Comments Off on Dang, The Wine Bubble Implodes (It’s China’s Fault)

Many in the industry believe that in China, 90% of the high-profile wines, like certain Bordeaux, are fake. Devastating thought if you keep wine in a refrigerated vault as an asset class. And prices have collapsed. But it’s not all doom and gloom, not with California wines.

China’s Oil Giant At Center Of Corruption Probe

by Oilprice.com •  • Comments Off on China’s Oil Giant At Center Of Corruption Probe

Grins were on the faces of CNPC executives as they celebrated a blockbuster 30-year deal for Russian gas. For some, however, those grins might turn to grimaces; CNPC has been caught up in a series of highest profile corruption investigations.