Monday, May 21, 2012

China Energy News Update 5/21

China criticizes solar anti-dumping ruling
UPI.com
"The US ruling is unfair, and the Chinese side expresses its extreme dissatisfaction," said Shen Danyang, a spokesman for China's Commerce Ministry, in a statement Friday. "By deliberately provoking trade friction in the clean energy sector, ...
Wanxiang and GreatPoint Energy Announce $1.25 Billion Investment and Agree to ...
MarketWatch (press release)
SHANGHAI, May 21, 2012 (BUSINESS WIRE) -- GreatPoint Energy and China Wanxiang Holdings today officially announced the closing of their investment and partnership agreement which was highlighted during an official signing ceremony between senior US and ...
Oil Rises for First Time in Seven Days on China Pledge
Bloomberg
“The statements out of China and the G-8 meeting are supportive,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. “We've come a long way and a lot of poor economic data has already been priced in.
Daqo New Energy Announces First Quarter 2012 Results
MarketWatch (press release)
(NYSE:DQ) ("Daqo New Energy" or the "Company"), a leading polysilicon manufacturer based in China, today announced its unaudited financial results for the first quarter of 2012. Polysilicon shipments were approximately 964 metric tons, or MT.
Oil rises on China call for growth, Iran
CNBC.com
"China's central bank has already cut bank reserve requirements to stimulate growth and such comments suggest that even more may be done in the months ahead to ward off a hard landing," Addison Armstrong, a senior director at Tradition Energy, ...
DOC China Solar Tariff Ruling Will Boost Innovation
Energy Collective
China's ability to rapidly take a technology to scale is still important and could be helpful to accelerate new technology market deployment, but only if it doesn't stifle global clean energy innovation. The choice is twofold: we can allow China to ...
Massachusetts firm in $1.25b deal in China
Boston Globe
By Erin Ailworth A Massachusetts alternative energy start-up will announce Monday that it has finalized a $1.25 billion deal to build a plant in Western China to convert coal into synthetic natural gas, an agreement that underscores China's growing ...
When Will China Solar Stocks Stop Collapsing?
Forbes
“(Washington is) deliberately provoking trade friction in the clean energy sector, and…sending the world a negative signal about trade protectionism,” Shen said in a statement. Shares of China's biggest solar makers have suffered a crushing defeat in ...
China Stocks: CSR, China CNR, Cosco Shipping, Jiangsu Sunrain
Bloomberg
China Cosco Holdings Ltd. (601919) (601919 CH) slipped 1 percent to 5 yuan. Jiangsu Sunrain Solar Energy Co. (603366 CH) slumped 6.7 percent to 20.06 yuan on the first day of trading in Shanghai. The initial public offering price was 21.5 yuan.
Cuba Beverage Company Signs Chinese Distribution Agreement
MarketWatch (press release)
Alex Procopio, Cuba Beverage CEO, commented, "Our product fills a large void left by 'big cola' manufacturers and those international energy drink companies whose harmful additives have caused delays and/or a ban of selling their products in China.

Web
 
Energy brings wealth to west China - Xinhua | English.news.cn
While on a break from his university studies, Li Boyuan visited his hometown in Qerchen County, located in the Tarim Desert in China's far west, and was ...
news.xinhuanet.com/english/china/2012.../c_131599845.htm
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