Amazing China: The Sea of Flowers on Swamps

  • china acts to reorganize tung oil trade
  • china acts to reorganize tung oil trade
  • china acts to reorganize tung oil trade
  • china acts to reorganize tung oil trade

Table of Contents — August 26, 1936, 5 (18) Asian

in Brief china.org.cn

U.S. Trade With Increases As Peking Acts to Lift

Laws of the People's Republic of beginning

  • Which energy trade deals have been settled in Yuan?
  • Other energy trade deals, including LNG trade between China National Offshore Oil Corporation (CNOOC) and Total, between CNOOC and Pavilion Energy, as well as between CNPC and Gulf Cooperation Council members, were also settled in yuan earlier this year. The latest CNPC deal was the first trade of crude oil using yuan settlements.
  • How did China respond to Trump's tariffs?
  • Part of China's countermeasures to Trump's tariffs included was to announce import taxes of its own on US coal and liquefied natural gas (LNG) of 15%, and a 10% charge on crude oil. The response from Beijing meant companies wanting to import fossil fuels from the US would have to pay the tax in order to do so.
  • What are China's new tariffs?
  • The fresh duties, announced by China’s Ministry of Finance, levy a 15% tax on certain types of coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks. The measures take effect on February 10.
  • Can digital Yuan be used in international oil and gas trade?
  • The completion of the settlement followed the Shanghai municipal government's call for enterprises to use digital yuan in international oil and gas trade, demonstrating a key step of progress in exploring cross-border yuan settlements, said SHPGX.
  • Why is China introducing tariffs on agricultural machinery?
  • In recent years, China has increased investments in farm machinery to enhance production and reduce reliance on imports, and to strengthen its food security. So the introduction of tariffs on agricultural machinery might be another move to try to boost domestic industry.
  • How can China achieve a serious oil-trade plan?
  • Such an approach will go well beyond the limited steps taken so far. A serious bilateral oil-trade plan would include direct investment and ownership of resources and the accelerated development of Chinese companies into multinationals capable of finding and producing energy resources around the world.