Britain’s relationship with China is at a “crucial historical juncture”, the Chinese ambassador in London has warned, as the Government prepares to make a decision on the Hinkley Point nuclear project.
Theresa May will continue to seek a strong relationship with China, Downing Street insisted despite claims the new Prime Minister has a “suspicious approach” to dealing with the country.
China National Petroleum Corp. said its Changqing oil field, the country’s biggest crude and gas producer, rebounded from losses earlier this year to post a first-half profit amid reduced spending.
China processed a record amount of crude oil into fuels during both June and the first half of the year amid sustained profit margins and as private refiners boosted operations.
China has issued a policy paper calling the South China Sea islands its territory as it blamed the Philippines for stirring trouble, a day after an international tribunal ruled that Beijing had no legal basis for its expansive claims.
Russian President Vladimir Putin has praised an “all-embracing and strategic partnership” with China during a visit to Beijing that takes place against the background of a drop in trade and lingering mistrust.
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years.
China National Petroleum Corp., the country’s biggest oil and gas producer and the parent of PetroChina Co., said profit fell 52 percent as lower oil prices punished global explorers.
China has rejected Vietnam's second demand this year to move a controversial oil rig and drop its plans to drill in disputed waters in the South China Sea.
Two Chinese companies which have signed a multibillion-pound investment agreement with the Scottish Government will not be put off by political criticism of the talks, the UK adviser to one of the firms has said.