News on China.

Chinese downturn hits companies harder than expected

An increasing number of industry companies are experiencing declining sales in China, writes Wall Street Journal. "We had planned on an economic downturn in China, but it is actually worse than expected," says the former Caterpillar CEO.

China's economy slowed again in November

Weaker retail sales and lower industrial production slowed down China's economy in November. This creates a challenging basis for the country's policymakers who are set to gather next week .

Contaminated bunker spreads to China

A law firm now says that it is involved in a case concerning bad bunker in China. This means that the problem, which has affected close to a hundred ships since the spring of this year, has now spread further.

US oil exports to China hit zero again

For the past two months, US exports of oil to China have clocked in at zero, according to Bimco. But other countries have increased their import of US oil.

ExxonMobil invests billions in Chinese LNG market

ExxonMobil bridges its billion dollar investment in LNG production around the world with a new import terminal in China, Reuters reports. The american company will also initially end up sidestepping tariffs, the media bureau writes.

China rejects ban on open loop scrubbers

Speaking to Lloyd's List, China rejects claims that the country is working on an upcoming ban on open loop scrubbers, a technology which has been criticized in several countries.

The US escalates trade war with China

US President Donald Trump acts on his threats, and starting next week the US will introduce additional tariffs on Chinese goods totaling USD 200 billion.

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