A recent SEC filing paints a grim picture for China’s state-owned offshore oil company CNOOC, whose reserves seem to be rapidly running out. Energy concerns may play a larger role in Beijing’s South China Sea aggression than previously thought.
India has sent an advanced warship on a “good will mission” to Vietnam, but the operation is probably better described as a subtle warning sign to China.
The Obama Administration has spent five years and $11 billion pursuing a grand high-speed rail scheme. The result is a boondoggle of massive proportions.
While South Korea and Japan currently build most of the world’s liquified natural gas (LNG) ships, China hopes to produce one-fifth of the world’s growing fleet over the next six years.
By 2020, Beijing will ban the use of coal, in a bid to help clear the city’s polluted air. But this doesn’t mean China is done with coal—far from it.
Medibid is a new online service that allows patients seeking common medical procedures to directly compare bids from doctors all across the country. Critics worry that quality isn’t guaranteed, but this is exactly the kind of transparent, consumer-driven technology that could help save health care.
As construction begins on an ambitious effort to double the capacity of the Suez Canal, Egyptian President al-Sisi says he expects it done within the year.
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