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Carol Yang

Carol Yang

Beijing
Senior Reporter, Political Economy desk
Carol joined the Post in January 2025 and covers China's economy. Before this role, she worked as a news reporter for shipping media Lloyd’s List in Shanghai for two years and for China Global Television Network in Beijing for six years. She holds a master's degree in intercultural communication from the University of Warwick.
Carol joined the Post in January 2025 and covers China's economy. Before this role, she worked as a news reporter for shipping media Lloyd’s List in Shanghai for two years and for China Global Television Network in Beijing for six years. She holds a master's degree in intercultural communication from the University of Warwick.
Areas of Expertise:
Chinese economy, policy and shipping
Languages Spoken:
English, Mandarin

How China could benefit as US-Iran talks raise hopes of oil sanctions relief

Beijing’s support is seen as critical to peace negotiations – and analysts believe this could push Washington to relax sanctions on Chinese oil buyers.

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Chinese shipping giants are signing long contracts and rejigging their networks, as they hedge against prolonged disruptions to global trade routes.

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Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources.

China’s grid operators plan to purchase thousands of robots in 2026 alone, including devices to inspect and maintain vital infrastructure.

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Beijing is overhauling ‘producer services’ with upgrades and more specialisation to avert deindustrialisation and anchor advanced manufacturing.

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China targets ‘bold innovation’ as falling renewable-energy costs allow it to leverage 50 per cent share of global green hydrogen production capacity.

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While US Treasury Secretary Scott Bessent said China is stockpiling crude amid the Iran war, the numbers suggest Beijing is facing a supply crunch.

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IEA warns that current oil and gas shocks surpass past levels, forcing import-dependent nations to prioritise solar and wind for domestic energy sovereignty.

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