oil

China’s National Development and Reform Commission (NDRC, 国家发展和改革委员会 or 发改会), a macroeconomic management agency under the state council,  has lowered fuel prices with effect from December 19 as follows, according to Jiangsu News:
from 6,480 to 5,580 Yuan per ton for gasoline; from 6,070 to 4,970 Yuan per ton for Diesel; and from 7,450 to 5,050 Yuan per ton for aviation [...]

Cabbage doesn’t find as many buyers this year as expected. The wholesale price in Zhifang Township, Ruzhou (汝州), Henan Province, was around 6 Fen per kilogram in early December, according to dahe.cn, and it was six Mao per kilogramm a year ago, according to that source. Last year, farmers could count on buyers from places [...]

India and Turkey are discussing the use of the Baku-Tblisi-Ceyhan (TPC) pipeline as a shortcut for Russian oil supplies to India, reports Today’s Zaman. The oil from Russia is currently shipped across the Black Sea and the Turkish Straits - the latter are bottlenecks because the limit on cargo allowed to pass through the Turkish Straits is [...]

American deaths in the Middle East have long stopped being headline news. Yet still, occasionally, there will be a blast large enough to warrant comment. In China, news of the war causes a few raised eyebrows and a lot of heads shaken. My family, at the dinner table, will talk about how terrible it is. The conversation goes something like this: "See? This is what happens when you interfere with other countries' internal affairs." Followed by a rhetorical question, aimed in my general direction: "So why do you suppose the US invaded Iraq?
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