hina Petrole上海会所品茶微信um and Chemical Corp, the world’s larg
est refiner by volume, has agreed to establish a joint venture with Russia’s Novatek and Gazp
rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.
The agreement, which aims to sell LNG produced by Novatek in the Arctic, was signed fo
llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.
The agreement will be of considerable economic and social benefit an
d will further diversify China’s natural gas imports, while meeting ever-increasing ga
s demand in the country, said Dai Houliang, China Petrochemical Corp president.
success of winning the Nobel Prize in Literature in 2012, Zhang Qinghua, professor at Beijing Normal University, believes that Mo’s way of dealing with this h
as been to make a return to his hometown, a village in Gaomi, Shandong province, both in reality and spiritually.
Mo didn’t publish any new work in the five years following the award, when in 2017 he
released several short stories, poems and theater works, mainly reminiscing about his hometown.
Unlike Mo’s former novels, Peking University professor Chen Xiaoming notes th
at his new works are more reserved, realistic stylistically and employ more simple language. Literary cri
tic Li Jingze is impressed that Mo has remained acutely sensitive to the realities of urban and rural life.
eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho
ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.
Li Yang, director of the National Institution for Finance and Development of the Chinese Academy
of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de
fend its currency, even if depreciation pressure rises amid any escalation in trade tension.
In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen
t under market pressure as global investors worried about the escalation of trade friction.
Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin
a’s imports triggered financial market volatility, and this also affected the offshore RMB.
a’s photovoltaic products. Export value to Vietnam rose 239 times to $739 million in the fi
rst quarter, taking up 16.8 percent of China’s total photovoltaic export value.
With the European Union ending its anti-dumping and anti-subsidy meas
ures, photovoltaic exports from China to Europe also saw large increase in Q1.
The country’s photovoltaic products export volume to the Netherlands and Spain increased 1,049.6 percent and 158.3 perc
ent, respectively, in the first quarter, said the report. It predicted that the emerging markets, such as Mexico, Aus
tralia, Turkey, and the United Arab Emirates will further boost the export of China’s photovoltaic modules.
The export of China’s photovoltaic products to the United States dropped 28.9 pe
rcent to just 0.01 GW in the first quarter, the report said. The Section 201, Section 3