China has made progress on gas pricing reforms, with a linkage between upstream costs and end-user tariffs finally in place, but certain players along the gas value chain are reaping the benefits more than others. [Gas in Transition, Volume 3, Issue 11]
Chinese ministries, regulators and the central bank on Tuesday pledged more financing support to small businesses, suggesting an urgency among policymakers to revive the private sector amid a flagging economic recovery. China will encourage financial institutions to offer targeted and diversified financial support to some small and medium-sized enterprises in the manufacturing sector, according to a joint statement by the industry and finance ministries, financial and securities regulators and the central bank.
China has signed letters of intent to cooperate with many European corporate giants, as it attempts to mend relations damaged by Beijing’s perceived support for Moscow throughout the war in Ukraine.
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