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BYD set to open lithium-ion battery recycling plant in Shanghai

Investing News reported that Chinese carmaker BYD (SHA:002594) is on track to open a lithium-ion battery recycling plant in Shanghai in the second quarter to reduce raw materials costs and address battery waste, a spokeswoman told Reuters on Wednesday (March 21).

BYD’s brand communication manager Mia Gu confirmed the company’s plans to Reuters, but said a start date has not been fixed yet and did not provide details about the capacity of the plant or the amount of investment involved.

Demand for lithium-ion batteries used to power electric vehicles (EVs) is expected to increase in the coming decades. As a result, the need for key components, such as lithium and cobalt, is also expected to soar.

In fact, the move comes at a time when lithium prices have been surging and cobalt has almost doubled its cost from a year ago. But for Gu, the most important factor driving the decision is environmental protection.

According to Reuters, the first batch of electric car battery waste will hit the market this year. Furthermore, total battery waste is forecast to reach 120,000 to 170,000 tonnes per year by 2020.

“As a leading EV maker, you have a social responsibility to recycle the battery,” Gu said.

BYD’s battery recycling plant comes as no surprise since China, the leader in the electric car space, continues to implement measures to fight pollution. In February, the government issued new rules making car manufacturers responsible for setting up facilities to recycle used batteries.

Source : Investing News
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German auto supplier ZF views China as important market

Xinhua reported that "China is an important market for us, where we will constantly expand our business and robustly push forward localization." Wolf-Henning Scheider, chief executive officer of German auto supplier ZF Friedrichshafen AG, told Xinhua ahead of ZF annual press conference, which was held Thursday in Friedrichshafen.

As a global leading auto supplier in driveline and chassis technology as well as active and passive safety technology, ZF has recorded revenue of 36.4 billion euros in 2017, with year-on-year increase of 3.6 percent, according to the annual report released.

The Commercial Vehicle Technology and Car Powertrain Technology Divisions recorded above-average sales increase. In particular, ZF's car automatic passenger car transmissions, combined with the highly integrated electric motor, still features great growth potential, said the ZF's new CEO at the press conference.

With sales of 7.78 billion euro in Asia-Pacific, of which over 85 percent came from China, that region contributed 21 percent of the whole revenue of ZF last year, following Europe and North America.

Since entering China in 1981, ZF has made steady development in China with setting up two regional headquarters, and 32 manufacturing enterprises, 3 aftersales service and trade companies as well as 239 aftersales service networks in China.

Scheider was much convinced that the Chinese market would remain strategic growing market along with its open and sustainable economic environment.

Furthermore, driven by local teams, ZF aims to establish comprehensive capabilities in China, localizing all of products both for automotive applications and for industrial applications in China, according to Scheider.

Source : Xinhua
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Trump Trade War - China urges EU to be cautious with response

Xinhua reported that China’s Ministry of Commerce said that it hoped the European Union would be cautious with the use of restrictive trade measures after the EU announced an investigation into imported steel products. Wang Hejun, head of the ministry’s trade remedy and investigation bureau, said “China understood that the EU was taking necessary measures against the latest US move on steel and aluminum products. But adopting global protective measures was not the right choice.”

He said “The inquiry will further exacerbate trade disorder and chaos caused by the US steep import tariffs, exerting more serious and destructive impacts on the normal international trade order.”

He said “As a key power in global trade, the EU should fight against protectionism in cooperation with other members, instead of resorting to actions that impair global trade order.”

Mr Wang added Necessary measures will be taken to defend the interests of Chinese enterprises. He said “China will seriously assess the impact of the US and EU measures on China, and will take corresponding measures when necessary, to firmly safeguard the interests of Chinese companies.”

Source : Xinhua
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China's refined copper imports to fall 7.5 pct in 2018 -Antaike

Reuters reported that China’s refined copper imports will fall for the third straight year in 2018 as domestic production picks up and consumption slows amid weaker demand from the real estate sector.

Antaike, research arm of the China Nonferrous Metals Industry Association, expects top copper consumer China to import 3 million tonnes of refined copper this year, down 7.5 % from 3.243 million tonnes in 2017, He Xiaohui, an analyst with the agency, said in an industry outlook in Beijing. He said that despite the import drop, China’s refined copper consumption will still rise this year, although just 3.3percent to 11.1 million tonnes, after growing 4.2 % in 2017.

Domestic production is expected to increase by 4.3 % to 8.35 million tonnes as new smelters start up. That has Antaike projecting China’s copper concentrate imports to rise by 3.7 % to 4.5 million tonnes of metal equivalent this year.

Outside China, growth in consumption is set to accelerate, while the threat of mine strikes persists, especially in Chile and Peru as labour talks loom, He said. The potential supply loss could have a bigger impact on the refined copper market than disruptions did in the first half of 2017, when inventories were high, the analyst said.

Around 20 copper mines with labour negotiations pending will likely use the outcome of talks at BHP Billiton’s Escondida mine in Chile, the world’s largest, as their benchmark, said Fu Xiao, head of commodity markets strategy at Bank of China subsidiary BOC International.

BHP said last week it has invited Escondida’s workers’ union to start talks on a new collective labour contract.

Analysts also warned China’s tighter restrictions on scrap copper imports could affect supply, forecasting that London copper prices, currently near USD 6,800 a tonne, would average around USD 6,900-USD 7,000 a tonne this year.

China’s aluminium consumption, meanwhile, is expected to rise by 6 % to 37.6 million tonnes in 2018, according to Antaike aluminium analyst Yao Xizhi.

That is 2 pct points slower than in 2017 as demand from key industries like the power sector cools, said Yao, who also forecasts that China’s exports of aluminium products would fall by 3.3 % to around 4.08 million tonnes this year amid trade friction with the United States.

Source : Reuters
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China preparing to bid for Sweden-Denmark tunnel project worth USD 5.6 billion

Devdiscourse reported that state-controlled China Railway Group (CRG) is preparing an eventual bid for the construction of a USD 5.6 billion tunnel between Sweden and Denmark, according to Swedish municipal authorities. The six-kilometre tunnel - known as HH-tunnel - has yet to be finally approved by Sweden and Denmark. The bidding process wouldn't begin for another few years, but CRG is due to publish a report next week on how the tunnel should be built, Swedish authorities said.

Swedish construction company Skanska is among other firms expected to bid for the project.

CRG's interest comes as China is pursuing its massive Belt and Road Initiative, a modern-day "Silk Road" that aims to connect China to Europe, the Middle East and beyond via infrastructure projects across dozens of countries.

The proposed tunnel linking the Danish town of Helsingor to Helsingborg in southern Sweden would be the largest project undertaken by a Chinese company in Scandinavia so far.

Representatives of China Railway Tunnel Group, a unit of CRG, have met with Helsingborg authorities three times since November expressing an interest in the project, Helsingborg Municipality said.

"We gave them some prerequisites from previous reports we had made about the HH tunnel. They have looked into it and suggested how they would do it," Angelica Nilsson, infrastructure planning director at Helsingborg Municipality, told Reuters.

CRG did not respond to queries from Reuters about its interest in the project. Officials in Denmark's Ministry of Transport and Helsingor Municipality said they were unaware of any interest from the Chinese company.

Chinese investors in January cancelled plans to build a large deepwater port in Sweden, citing local residents' environmental and security concerns about the project.

Source : Devdiscourse
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Chinese Baidu gets green light for self-driving vehicle tests in Beijing

Reuters reported that China's capital city has given the green light to tech giant Baidu to test self-driving cars on city streets, an important step as the country looks to bolster its position in the global race for autonomous vehicles. Beijing has given Baidu, best known as China's version of search engine Google, a permit to test its autonomous vehicles on 33 roads spanning around 105 kilometres (65 miles) in the city's less-populated suburbs, the firm said in a statement.

Baidu is leading China's push in driverless technology, with Beijing keen to keep up with global rivals such as Waymo, the self-driving arm of Google parent Alphabet and Tesla. It has a major self-driving project called Apollo.

Baidu Vice-President Zhao Cheng said in the statement that "With supportive policies, we believe that Beijing will become a rising hub for the autonomous driving industry."

China issued licences to auto makers allowing self-driving vehicles to be road tested in Shanghai earlier this month, which included Shanghai-based SAIC Motor Corp and electric vehicle start-up NIO.

However, regulations in the sector are still catching up with fast growth and increasing numbers of firms wanting to carry out tests on public roads.

Source : Reuters
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IRENA to deliver low-carbon 2022 Winter Olympics in Zhangjiakou

The International Renewable Energy Agency has signed a co-operation agreement with the People’s Government of Hebei Province, China to provide the city of Zhangjiakou with a renewable energy roadmap that will support its ambition to deliver a low-carbon Winter Olympics in 2022. The agreement will also help the city become China’s first energy transition pilot city. As co-host of the Winter Olympics with Beijing, Zhangjiakou aims to generate 50 per cent of its power from renewable sources by 2020.

The agreement, signed by IRENA Director-General Adnan Z Amin and the Governor of Hebei Province, Xu Qin, will support the establishment of a ‘low-carbon Olympic zone’ in Zhangjiakou, with plans for both the Olympic centre and Olympic stadiums to be powered by renewable energy. IRENA will also provide strategic advice in the context of the development of an International Center for Renewable Energy Industry Innovation in Zhangjiakou City.

RENA Director-General Adnan Z. Amin at the signing of the Memoradum of Understanding said that “China has made remarkable progress in the pursuit of renewable energy and in the transition towards a modern energy system. From renewable energy adoption to technological innovation China is emerging as a leader of the new energy economy and a key actor in energy transformation.”

Mr Amin said that “The pursuit of a low-carbon Winter Olympics in 2022 will not only support China’s ambition to lower harmful emissions, but it will also see them pioneer a movement towards the cost-effective decarbonisation of the world’s greatest spectacles. This agreement reflects the Agency’s deepening cooperation with China and will facilitate a positive, two-way exchange of expertise and knowledge.”

Governor of Hebei Province, Mr Xu Qin said that ”President Xi Jinping’s strategic vision for an ecological civilization has significantly advanced environmental protection in China, greatly benefiting Chinese people whilst representing China’s contribution to global green development. Hebei Province will realise the vision proposed by President Xi, by prioritising ecological protection and exercising green development, as we expedite the speed at which we build a beautiful Hebei. With abundant renewable energy resources - particularly the area of Zhangjiakou City – the potential of this cooperation with IRENA is broad and bright. As both sides work to advance R&D, technology innovation and the broader development of the renewable energy industry, this will support our planning for a low-carbon Winter Olympic Games.”

The Games will be the first major global sporting event held in China since the Beijing Olympics in 2008. Co-host Zhangjiakou, located approximately 200 kilometers from Beijing, has been identified as having a strong renewable energy resource endowment, with abundant wind, solar and biomass potential in the region.

Between 2012 and 2016 China witnessed a 10-fold increase in solar energy adoption, and in 2017 alone, it added 53 GW of PV. China announced an intention to invest USD 361 billion in renewable power generation by 2020. China chaired IRENA’s 14th and 15th Council Meetings and is President of the Agency’s 9thMeeting of the Assembly in January next year.

Source : Strategic Research Institute
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BHEL wins EPC order for 75 MW Solar Photovoltaic Plant

Against stiff competitive bidding, Bharat Heavy Electricals Limited has won an order for setting up a 75 MW Solar Photovoltaic Power Plant on Engineering, Procurement and Construction basis, in Gujarat. Significantly, this will be BHEL’s largest Solar PV project till date. The order for setting up the 75 MW SPV power plant at Gujarat Solar Park, Charanka, Gujarat, has been placed on BHEL by Gujarat Industries Power Company Limited.

With this order, BHEL’s solar portfolio has risen to 545 MW. The company is presently executing over 150 MW of ground-mounted and rooftop Solar PV projects across the country.

BHEL has been contributing to the national initiatives for developing and promoting renewable energy based products on a sustained basis, since the past three decades. The company has enhanced its state-of-the-art manufacturing lines of solar cells to 105 MW and solar modules to 226 MW per annum. In addition, space-grade solar panels using high efficiency cells and space-grade battery panels are being manufactured at its Electronic Systems Division, Bengaluru.

BHEL is one of the few companies in India whose solar business is backed by a dedicated R&D team.

Source : Strategic Research Institute
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China's Shanxi offers incentives to boost aluminium capacity

Reuters reported that China’s northern province of Shanxi offered some of the country’s biggest aluminium companies preferential access to bauxite resources if they transfer smelting capacity to the region.

State-owned Aluminum Corp of China, known as Chinalco, as well as privately-owned Xinfa Group and East Hope, are being encouraged to set up alumina projects, acquire bauxite resources or move smelting capacity to Shanxi, according to the province’s 2018 action plan for the nonferrous metals industry.

The move follows a call from a top industry executive to move Chinese aluminium production to more remote areas for environmental reasons. Bauxite is a rock processed to produce alumina, which is then used to make aluminium.

Shanxi is China’s second-biggest alumina-producing province, but it churned out only 480,000 tonnes of aluminium products last year, versus 12.12 million tonnes in Henan, the biggest producing province.

Its bauxite resources “will be prioritised for those companies that are transferring electrolytic aluminium capacity to our province,” the Shanxi Provincial Commission of Economy of Information Technology said in the document.

China has been clamping down on illegal and outdated aluminium capacity to improve efficiency and reduce environmental harm. Companies are in some cases entitled to replace their shuttered plants with new facilities, provided they stick within replacement capacity quotas.

Chinalco has already been drawn to Shanxi. The action plan said the province would push for an ahead-of-schedule launch of a 432,000-tonnes-per-year aluminium smelter owned by Chinalco’s listed arm Chalco and joint venture partner Huarun Group.

Chalco Chairman Yu Dehui earlier this month called for more smelters to move to less polluted parts of China, to address what he described as an “irrational” concentration of the sector around Beijing, Tianjin and Hebei.

Ms Jackie Wang CRU aluminium analyst said that “Shanxi has a lot of refineries, so theoretically it makes sense that the local government wants to further develop the smelting industry locally.”

Ms Wang noted, however, that capacity moves were costly and that the available smelting quota in Shanxi, which is also trying to cut smog, may not be high enough.

Shanxi is targeting over 1.5 million tonnes of nonferrous metals production this year, versus 1.32 million tonnes in 2017, and a 20 % increase in investment in smelting, rolling and processing assets to over 8 billion yuan (USD 1.3 billion), according to the plan.

Source : Reuters
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Cnooc krikt winst flink op

Gepubliceerd op 29 mrt 2018 om 11:46 | Views: 509

Royal Dutch Shell A 14:46
25,85 +0,09 (+0,33%)

HONGKONG (AFN/BLOOMBERG) - Cnooc heeft zijn resultaat in het afgelopen jaar flink verbeterd. Het Chinese olieconcern slaagde erin zijn kosten lager te houden en profiteerde daarnaast van de gestegen olieprijzen.

De nettowinst kwam uit op 24,7 miljard yuan, omgerekend zo'n 3,2 miljard euro. Een jaar eerder bleef het resultaat nog steken op 637 miljoen yuan. De opbrengsten stegen met ruim een kwart tot 186,4 miljard yuan.

Cnooc verdient bijna al zijn geld met de productie van olie en gas en houdt zich veel minder dan concurrenten bezig met raffinage. Het bedrijf is van plan dit jaar flink te investeren in het oppompen van nog meer olie en gas.

Cnooc laat zijn aandeelhouders meeprofiteren van het verbeterde resultaat en verhoogt het dividend. Daarmee volgt het het voorbeeld van de Chinese concurrenten PetroChina en Sinopec, die lieten weten hun volledige winsten van 2017 terug te laten vloeien naar investeerders. PetroChina verdrievoudigde zijn winst. Sinopec verbeterde het resultaat met 10 procent.
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Chinese February imports of Saudi crude rise 20pct MoM - GAC

China’s crude oil imports from Saudi Arabia in February rose 19.5% MoM to 1.21 million b/d, or 4.64 million mt, making it the second-largest supplier, data released by the General Administration of Customs showed. Its imports of Saudi crude were the lowest in five months in January. The steep month-on-month rise in barrels per day is because of February being a shorter month with 28 days.

Russia remained China’s top crude supplier in the month with 1.32 million b/d, despite a 1.3% fall in imports from the country MoM.

China’s overall crude oil imports declined 12.1% month on month, but rose 1.5% from a year ago to 8.45 million b/d in February.

Over the first two months of the year, the country’s crude imports gained 10.8% on the year to 9.06 million b/d amid high imports from Russia, Brazil, Kuwait and the US.

Source : Platts
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Croatia’s Bosnia-bypass bridge progresses as Chinese bid gets green light

euractiv.com reported that an EU-funded bridge project that will connect Croatia’s southernmost tip with the rest of the Adriatic nation moved up a gear on Monday (26 March), when Croatia’s public procurement body signed off on a Chinese company’s construction bid. Croatia has long harboured dreams of connecting its most southern region, which includes its tourism hotspot, Dubrovnik, to the rest of the country.

After abandoning plans to build a motorway stretch through Bosnia, Croatia settled on building a bridge that would bypass Bosnia’s sea access point altogether, in an attempt to avoid time-consuming checks on the non-EU member’s borders.

The project had moved a step closer to realisation in June last year, when the EU pledged more than EUR 350 million towards the bridge’s construction, which amounts to 85% of the estimated costs.

But the process stalled when an appeal was launched in January against the decision to award the construction tender to a Chinese company.

An Italian-Turkish consortium, whose bid was unsuccessful, claimed that the Chinese offer had factored in illegal state aid guarantees, while an Austrian company said that it broke EU investment and procurement rules.

Croatia’s state public procurement body (DKOM) dismissed both appeals on Monday and its chairman said in a statement that construction “would not be delayed”. A tentative completion date of 2022 is still pencilled in.

Source : euractiv.com
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Greenland shortlists Chinese firm for airport construction

Reuters reported that Greenland’s state-owned Kalaallit Airports has shortlisted a Chinese construction company to help expand three airports despite concerns in the Danish government that Chinese involvement could upset its ally, the United States.

Kalaallit Airports said in a statement China Communications Construction Company (CCCC) had been shortlisted for the project with five other companies or consortiums — from the Netherlands, Canada, Iceland and two from Denmark.

Greenland is a self-ruling part of the Kingdom of Denmark.

The company said that the bidders had been selected based on their financial capacity as well as their technical and professional competence and their experiences with operating under conditions like the ones in Greenland.

It was not immediately available for further comment.

After the longlist had been made public, a high-ranking Danish government official in Copenhagen told Reuters on condition of anonymity: “We are deeply concerned. China has no business in Greenland.

Source : Reuters
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China draws up plans to promote standardization in electric vehicles

China said it will work to improve levels of standardization in its electric vehicle industry - a sector it is aggressively promoting to help combat smog and to position the country as a leading car-making giant in the future.

This year its standardization efforts will focus on recharging, battery design and fuel consumption, the industry ministry said in a statement.

China will also work to promote its own standards and benchmarks for electric and plug-in electric vehicles overseas, taking advantage of economies of scale to become a global leader in standardization, it said.

Beijing is seeking to engineer a dramatic shift away from conventional gasoline cars with strict production quotas for the so-called new energy vehicles (NEVs), prompting a flurry of deals as both foreign and domestic automakers race to ensure they do not fall short.

Some 777,000 NEVs were sold in China in 2017, a jump of 53 percent on the year and the most sold in any one country. Beijing aims to bring annual sales to 2 million units by 2020.

China has already drawn up more than 100 technological benchmarks relating to electric vehicles but lack of standardization has been identified as one of the major challenges facing the sector. Some local governments have even set different requirements to restrict firms from other regions from accessing their markets.

A lack of standardization has also made it harder to create safe and cost-efficient automated recycling facilities, delegates to China's parliament said this month. China will have to deal with an estimated 170,000 tonnes of spent electric vehicle batteries this year.

Source : Reuters
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thyssenkrupp opens high speed Test Tower as part of new plant in Zhongshan China

thyssenkrupp marked another major milestone in its innovation ambition, with the opening ceremony of its newest plant and test tower in Zhongshan City, Guangdong Province, China. The launch demonstrates the company’s continued investment and development in China following the opening of its Multiple-Purpose Facility Building in Shanghai in 2016. It also provides a new impetus for the company’s sustained development in China and in the world. At the opening ceremony, the test tower stole the show. Standing at 248-meters-high (31 floors above the ground) it is one of the tallest test towers in the world and provides a symbol of the company’s strength in R&D and leadership in elevator innovation. The investment for the new plant and the test tower in total is about 810 million RMD/128 million US$/103 million Euros.

With 13 shafts, the test tower can be used to trial new concepts and product pilots – including a new high-speed elevator that will reach speeds of up to 18 meters per second, as well as the world’s first rope-less elevator system, MULTI. In order to carry out robust tests for stringent safety requirements, the tower also has an AMD (Active Mass Damper) system, which can both significantly reduce the extent of tower swing caused by changes in weather conditions, and also mimic motions of extreme meteorological conditions, such as earthquakes and typhoons. thyssenkrupp already has a test tower in Germany - where the company is headquartered - which was inaugurated last October.

As one of the fastest growing and most populous countries in the world, it is no surprise that China has become thyssenkrupp’s largest market in Asia. thyssenkrupp Elevator had sales of 17.8 percent in China in the last financial year. With a focus on urbanization and making cities the best possible places to live, thyssenkrupp Elevator has continued to invest in the Chinese market and the elevator business is its core focus of investment.

Dr. Heinrich Hiesinger, CEO and Chairman of the Executive Board of thyssenkrupp, said that “Our new Zhongshan test tower and plant are a testimony to thyssenkrupp’s commitment to investing in research and development in China and our dedication to innovation. This clearly shows China’s enormous importance for our business as well as the great value and future promise of this partnership.”

thyssenkrupp Elevator started its development in the Chinese market in Zhongshan city and has forged ever-deepening ties with the city since 1995. The opening of the new Zhongshan plant symbolizes the new development stage of thyssenkrupp Elevator in China.

Source : Strategic Research Institute
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China verhoogt importtarieven op Amerikaanse producten

China heeft de tarieven verhoogd op de invoer van 128 Amerikaanse producten tot maximaal 25 procent. Het gaat om voedsel, zoals ingevroren varkensvlees, wijn, fruit, noten en gerecycled aluminium voor een totaalbedrag van 3 miljard dollar (2,4 miljard euro). De tariefsverhoging is maandag ingegaan en werd zondagavond aangekondigd door het Chinese ministerie van Financiën, meldt persbureau Reuters.

Het is een reactie op de Amerikaanse importheffingen op staal en aluminium van 23 maart en was al eerder aangekondigd. Vlak na de bekendmaking schreef de populistische staatskrant Global Times dat dit “de eerste tekenen zijn van een handelsoorlog”.

Lees ook: China is klaar voor een handelsoorlog

Verhoging importtarieven VS zijn omvangrijker
Daarnaast schort China zijn verplichtingen als lid van de Wereldhandelsorganisatie (WTO) op ten opzichte van tarieven op Amerikaanse producten. Het gaat in totaal om 120 producten. Deze importtarieven worden verhoogd met 15 procent. In een verklaring schrijft het Chinese ministerie van Financiën dat “dit besluit is genomen om de belangen en financiële huishouding van China te beschermen”.

De Chinese tegenmaatregelen staan nog in schril contrast met de 50 miljard dollar aan importheffingen op Chinese exportproducten naar de VS. Daarnaast komt de heffing van 25 procent op geïmporteerd staal en de verhoging van 10 procent op de invoer van aluminium bijna geheel bij China terecht. Vooralsnog zijn Canada, Mexico, de Europese Unie, Australië, Argentinië, Brazilië en Zuid-Korea uitgesloten van de importtarieven. De Amerikaanse president Trump wil een einde maken aan het Amerikaanse handelstekort en denkt dat hij de handelsoorlog kan winnen.

Ruim een vijfde van de import van de Amerikaanse import komt uit China. In 2016 kwam dat neer op een bedrag van 462,6 miljard dollar. Voor de Chinezen gaat het om een zesde van alle export.

www.msn.com/nl-nl/geldzaken/nieuws/ch...
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Chinees ruimtestation van 9 ton neergestort boven Stille Oceaan

Het Chinese ruimtestation Tiangong-1 is afgelopen nacht om 02.15 uur (Nederlandse tijd) teruggekeerd in de atmosfeer. Volgens Chinese ruimtevaartautoriteiten was het ruimtestation voor het grootste gedeelte verwoest toen het door de dampkring zakte en neerstortte in de Stille Oceaan.

Buitenlandredactie 02-04-18, 03:25 Laatste update: 06:34
57
De verwachting was dat het station boven de Atlantische Oceaan ten oosten van Brazilië zou terugkeren in de atmosfeer. De ruimtebasis zakte echter al in de dampkring in het midden van de Stille Oceaan, de oceaan tussen Australië en Zuid-Amerika. In de dampkring ontplofte het ruimtestation en verbrandde het bijna volledig.

Eventuele resten zouden in de oceaan terecht zijn gekomen, in de buurt van het eiland Tahiti, zo heeft China verklaard.

Het ruimtestation Tiangong-1, ofwel Hemels Paleis, weegt 8,5 ton. Het complex was in 2011 gelanceerd en moest China op de kaart zetten als ruimtelijke supermacht. Het werd gebruikt voor bemande en onbemande missies. In 2016 raakte het station op drift en verloor China de controle over het ruimtelab.

Vooraf was de verwachting dat zo'n 10 procent van het gevaarte de terugreis zou overleven.

www.ad.nl/buitenland/chinees-ruimtest...
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Chinese industrie groeit in beduidend hoger tempo
Inkoopmanagersindex in maart naar 51,5.

(ABM FN-Dow Jones)De bedrijvigheid in de Chinese industrie is maart hard gegroeid. Dit bleek dit weekend uit overheidscijfers.

De inkoopmanagersindex voor de industrie steeg van 50,3 in februari naar 51,5 in maart.

Een indexstand van meer dan 50 geeft aan dat er sprake is van groei, terwijl een cijfer beneden de 50 betekent dat de industrie krimpt.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires
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Groeitempo Chinese industrie valt terug - Markit
Inkoopmanagersindex in maart 51,0.

(ABM FN-Dow Jones)De bedrijvigheid in de Chinese industrie is in maart in een lager tempo gegroeid. Dit bleek maandag uit cijfers van Markit Economics en Caixin.

De inkoopmanagersindex eindigde in maart op 51,0, tegenover 51,6 in februari. In februari werd nog de sterkste stijging in zes maanden geboekt.

Econoom Zhengsheng Zhong van CEBM meende dat de groei in maart tegenviel. Maar hoewel het groeimomentum verzwakte, gebeurde dit slechts in een marginaal tempo, aldus de econoom.

Een indexstand groter dan 50 wijst op groei van de industrie, terwijl minder dan 50 krimp betekent.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999

Copyright ABM Financial News. All rights reserved

(END) Dow Jones Newswires
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China to launch inspection to prevent low quality steel - NDRC

Xinhua reported that, an official with the National Development and Reform Commission (NDRC) said that China will launch an inspection on shoddy steel products and excess steel capacity from May to June. Shui Hengyong said “The inspection aims to prevent steel companies from breaking a ban on low quality steel made from scrap metal or restoring excess capacity that has been eliminated.”

Shui told a forum on Saturday “Government efforts will be focused on disposing of zombie firms in the industry this year.”

The inspection will be organized by an inter-ministerial mechanism, which has staff from 25 government agencies and industry associations.

China plans to cut ineffective steel capacity by 30 million tonnes this year.

In 2016 and 2017, the country reduced more than 120 million tonnes of steel capacity, accounting for 80 percent of the 150 million-tonne cut targeted by the government for the 2016-2020 period. The country also phased out the production capacity of 140 million tonnes of low-quality steel made from scrap metal last year.

Source : Xinhua
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 Japan225^ 37.585,40 0,00%
 Gold spot 2.857,60 0,00%
 EUR/USD 1,0375 -0,20%
 WTI 70,08 0,00%
#/^ Index indications calculated real time, zie disclaimer

Stijgers

Van Lanschot ... +4,09%
ADYEN NV +2,53%
HEIJMANS KON +1,76%
ACOMO +1,59%
DSM FIRMENICH AG +1,48%

Dalers

Kendrion -5,98%
AMG Critical ... -4,99%
AZERION -4,20%
AALBERTS NV -3,13%
ASML -2,93%