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China holiday-travel curbs dampen petrochemical restocking

Author: Fanny Zhang 2021/01/25 SINGAPORE (ICIS) Petrochemical restocking in China this year will not be strong as in the past as the usual heavy manufacturing disruption that accompanies the Lunar New Year holidays may not happen, with travel curbs in place to ward off another wave of coronavirus infection in the country. Migrant labourers will have to stay put in cities as travelling becomes too costly amid strict state-sanctioned protocols, as growing coronavirus cases in the northern region prompted lockdowns of selected cities and areas in January. Among the affected provinces are Hebei, Heilongjiang and Jilin, as well as the Chinese

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China ahead of schedule in non\-fossil fuel goal – white paper | Hellenic Shipping News Worldwide

China ahead of schedule in non-fossil fuel goal – white paper Non-fossil fuel accounted for 15.3% of China’s energy consumption mix in 2019, ahead of the scheduled goal of 15% by 2020, according to a white paper issued by the state council on late Monday. Also, the country has been successful in raising energy efficacy and shifting towards low-carbon energy structure. Clean and low-carbon are directions of its energy development. Based on the white paper, called China Energy Development under New Era, its energy consumption per GDP dropped by 24.4% during 2012-2019, equivalent to a reduction of 1.27bn tonnes of standard coal. GDP growth averaged 7% in that period but energy consumption only increased by an average of 2.8%.

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