For nearly 50 years, most of the world’s oil has been bought and sold with US dollars. But that may be changing, as the energy exchange center in Shanghai has begun trading a yuan-denominated oil futures contract. Six months after the contract, more 10% of the world’s oil is now traded in yuan. Why are the Shanghai contracts so popular? Will the world enter a petrol-yuan era from petrol-dollar era? How will the situation evolve against the background of trade war between the two largest economies?
Anil Gupta, an expert on globalization and strategy, on the domino effect unleashed by several global megatrends—from the turmoil in the energy markets and the crisis in Greece, to the challenges being faced by the Chinese economy.
As one of the fastest-growing economies in the world, China needs to actively scout for resources. A look at cases of Chinese outbound investment in energy.
Germany’s experiment with bioenergy villages shows that alternative energy sources can spur rural value creation. This has lessons for bioenergy in China. Despite signals of weaker growth of the Chinese economy, China’s appetite for energy is untamed. The International Energy Agency predicts that more than 1,300 GW of power generation will be added until 2035–equaling the capacity of […]
The Chinese government has set an ambitious target for domestic shale gas production, an energy source which could support the country’s growth. However, China is yet to develop a commercially viable method of extracting shale gas and without substantial technological development, it’s unclear how this target will be reached. Can China tap this precious resource […]
In March 2011, Jiuquan’s Municipal Energy Bureau issued a set of regulations imposing “construction requirements” on wind energy firms. Companies that failed to buy local equipment, the notice said, would no longer be able to do business in the area. In response, China’s National Energy Board (NEB) issued a statement banning Jiuquan officials from “requiring […]