Page 220 - 2020 White Paper on the Business Environment in China
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0 White Paper on the Business Environment in China
China’s thermal generation slipped in April 2019 Works Cited
for the first time in two years, while solar and wind
power output surged to records. Previous attempts Bloomberg News. “China Announces Plan to Form
by NDRC to control coal prices have focused on National Oil and Gas Pipeline Company.” World Oil -
raising supply. After an early summer heatwave Upstream News, World Oil, 5 Mar. 2019, www.worldoil.
in 2018 drove up electricity use, policy makers com/news/2019/3/5/china-announces-plan-to-form-
outlined measures to cool prices by increasing national-oil-and-gas-pipeline-company.
production and accelerating new capacity from
advanced mines, as well as boosting efficiency of Chia, Krystal, et al. “Iron Ore Sinks as China’s Top
rail and transportation networks (Yang and Shen). Steel Group Urges Probe Into Rally.” Bloomberg.com,
Bloomberg, 6 July 2019, www.bloomberg.com/news/
Iron articles/2019-07-05/iron-ore-s-top-industry-group-
calls-for-order-after-wild-rally.
Chinese steel production exceeded all
expectations in 2019 and could continue to run at “China Strongly Opposes Using Rare Earth Resources
red hot levels after Beijing eased financing rules to against Its Development.” Edited by ZX, Xinhuanet.com,
boost local government spending on public works Xinhua News Agency, 17 June 2019, www.xinhuanet.
and big steel-intensive infrastructure projects. At com/english/2019-06/17/c_138150835.htm.
the same, bad weather and a deadly mine disaster
impacted supplies of the commodity from leading “China’s Economic Planner Seeks Advice on Rare
producers Australia and Brazil. To plug the gap Earth Industry.” Edited by Yurou, Xinhuanet.com,
between supply and demand, Chinese steel mills Xinhua News Agency, 5 June 2019, www.xinhuanet.
bought material stockpiled at major ports. Given com/english/2019-06/05/c_138116755.htm.
that it takes 30-35 days for a round trip between
Australia and China and 80 days from Brazil to Comsenz UI Team. “China’s National Development
China, stockpiles shrank to critical levels, sparking a and Reform Commission (NDRC) and Ministry of
scramble for supplies. Inventories below 30 days at Commerce (MOFCOM) on June 30 Released Revised
the ports (100 million US tons) were a major concern Negative Lists for Foreign Investment Market
for Chinese steel mills as it greatly exposed them to Access.” ACRE, Association of China Rare Earth
the risk of further unexpected disruptions (Hume). Industry, 4 July 2019, www.ac-rei.org.cn/portal.
By July 2019, the largest steel industry group in php?mod=view&aid=8525.
China urged the government to maintain order in
the global iron ore market after prices surged to a “Fiscal Revenue, Rare Earth Quotas, ODI and
five-year high following a supply squeeze, saying Stock Market.” Edited by ZH, Xinhuanet.com, Xinhua
that it’s requested authorities look into the gains. The News Agency, 24 Mar. 2019, www.xinhuanet.com/
China Iron & Steel Association “is reporting relevant english/2019-03/24/c_137920577.htm.
problems in the industry to government ministries
and regulators, urging a stronger investigation and Hirs, Ed. “China Is Betting Big On Increasing Oil
supervision to maintain normal iron ore market Production.”Forbes,ForbesMagazine,7June2019,www.
order,” vice chairwoman Qu Xiuli said. The group forbes.com/sites/edhirs/2019/06/06/china-is-betting-
wants to see prices back at “reasonable levels,” she big-on-increasing-oil-production/#1a3472056371.
said. “The big risk is that speculators with money in
iron ore futures could get hit by regulators trying to Hume, Neil. “Supply Crunch Fears Drive Iron Ore to
cool the market,” said Tomas Gutierrez, an analyst at Fresh 2019 High.” Financial Times, Financial Times, 13
Kallanish Commodities Ltd. in Shanghai. “In the past, June 2019, www.ft.com/content/f73f2d42-8de0-11e9-
regulators have pushed for higher fees and other a24d-b42f641eca37.
measures when they see a market move too quickly
for their liking” (Chia et al). Li, Jing. “China’s Industrial Growth ‘a Threat
to Resources’.” South China Morning Post,
South China Morning Post, 2 Aug. 2013, www.
220
China’s thermal generation slipped in April 2019 Works Cited
for the first time in two years, while solar and wind
power output surged to records. Previous attempts Bloomberg News. “China Announces Plan to Form
by NDRC to control coal prices have focused on National Oil and Gas Pipeline Company.” World Oil -
raising supply. After an early summer heatwave Upstream News, World Oil, 5 Mar. 2019, www.worldoil.
in 2018 drove up electricity use, policy makers com/news/2019/3/5/china-announces-plan-to-form-
outlined measures to cool prices by increasing national-oil-and-gas-pipeline-company.
production and accelerating new capacity from
advanced mines, as well as boosting efficiency of Chia, Krystal, et al. “Iron Ore Sinks as China’s Top
rail and transportation networks (Yang and Shen). Steel Group Urges Probe Into Rally.” Bloomberg.com,
Bloomberg, 6 July 2019, www.bloomberg.com/news/
Iron articles/2019-07-05/iron-ore-s-top-industry-group-
calls-for-order-after-wild-rally.
Chinese steel production exceeded all
expectations in 2019 and could continue to run at “China Strongly Opposes Using Rare Earth Resources
red hot levels after Beijing eased financing rules to against Its Development.” Edited by ZX, Xinhuanet.com,
boost local government spending on public works Xinhua News Agency, 17 June 2019, www.xinhuanet.
and big steel-intensive infrastructure projects. At com/english/2019-06/17/c_138150835.htm.
the same, bad weather and a deadly mine disaster
impacted supplies of the commodity from leading “China’s Economic Planner Seeks Advice on Rare
producers Australia and Brazil. To plug the gap Earth Industry.” Edited by Yurou, Xinhuanet.com,
between supply and demand, Chinese steel mills Xinhua News Agency, 5 June 2019, www.xinhuanet.
bought material stockpiled at major ports. Given com/english/2019-06/05/c_138116755.htm.
that it takes 30-35 days for a round trip between
Australia and China and 80 days from Brazil to Comsenz UI Team. “China’s National Development
China, stockpiles shrank to critical levels, sparking a and Reform Commission (NDRC) and Ministry of
scramble for supplies. Inventories below 30 days at Commerce (MOFCOM) on June 30 Released Revised
the ports (100 million US tons) were a major concern Negative Lists for Foreign Investment Market
for Chinese steel mills as it greatly exposed them to Access.” ACRE, Association of China Rare Earth
the risk of further unexpected disruptions (Hume). Industry, 4 July 2019, www.ac-rei.org.cn/portal.
By July 2019, the largest steel industry group in php?mod=view&aid=8525.
China urged the government to maintain order in
the global iron ore market after prices surged to a “Fiscal Revenue, Rare Earth Quotas, ODI and
five-year high following a supply squeeze, saying Stock Market.” Edited by ZH, Xinhuanet.com, Xinhua
that it’s requested authorities look into the gains. The News Agency, 24 Mar. 2019, www.xinhuanet.com/
China Iron & Steel Association “is reporting relevant english/2019-03/24/c_137920577.htm.
problems in the industry to government ministries
and regulators, urging a stronger investigation and Hirs, Ed. “China Is Betting Big On Increasing Oil
supervision to maintain normal iron ore market Production.”Forbes,ForbesMagazine,7June2019,www.
order,” vice chairwoman Qu Xiuli said. The group forbes.com/sites/edhirs/2019/06/06/china-is-betting-
wants to see prices back at “reasonable levels,” she big-on-increasing-oil-production/#1a3472056371.
said. “The big risk is that speculators with money in
iron ore futures could get hit by regulators trying to Hume, Neil. “Supply Crunch Fears Drive Iron Ore to
cool the market,” said Tomas Gutierrez, an analyst at Fresh 2019 High.” Financial Times, Financial Times, 13
Kallanish Commodities Ltd. in Shanghai. “In the past, June 2019, www.ft.com/content/f73f2d42-8de0-11e9-
regulators have pushed for higher fees and other a24d-b42f641eca37.
measures when they see a market move too quickly
for their liking” (Chia et al). Li, Jing. “China’s Industrial Growth ‘a Threat
to Resources’.” South China Morning Post,
South China Morning Post, 2 Aug. 2013, www.
220
