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China had never been an important actor in global oil production. That is starting to change

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Recently, China has completed drilling of the vertical well of oil deeper from Asia, reaching a depth of 10,910 meters. At first glance, it may seem one more achievement In that career for megaestructurebut it is a symptom of something else: a strategy to reinforce your energy security and reduce its dependence on foreign crude. Record on record. In March 2025, China reached a new peak in its oil production, with an average of 4.6 million barrels per day, According to data cited by Global Times. This figure marks the culminating point of a trend that It has been in silence for years. Despite the fluctuations of the market, especially with the tariff war, Chinese production has continued to increase in a planned and sustained way. Drill, Baby, Drill. Or in Chinese: Zuan Ba, Bao Bei, Zuan Ba. This famous motto that is coined to Trump could also be applied to China. However, what happens in the Asian giant is a very different version. As He explained The energy analyst Javier Blas, Beijing is betting on squeezing his former conventional fields, many of them active from the Era of Mao. Summarizing it more easily: while in the US fracking and horizontal schist drilling They are based on profitabilityIn China, energy security is priority. In fact, state giants such as CNPC, Sinopec and Cnooc They have invested For years around 80,000 million dollars annually to sustain this strategy. In addition, the country is known for being a large importer of oil, so during these years the reserves were not known. However, in this growing silent production, According to Reutershas achieved a 167%replacement ratio. The state oil company CNOOC has declared that its proven reserves exceed 7 270 million barrels, which ensures stable production for the next 10 years. A strategy inwards. This year is fulfilled The established period for China’s autonomy with its “seven -year action plan to improve oil and gas exploration and development efforts”. Although its objective is not only to produce more, but to depend less and less abroad and not have to be subject to the tensions of global geopolitics. But for now …Keep importing and has changed a couple. Chinese refineries are importing Canadian crude record amounts after cutting American oil purchases at 90% due to commercial tensions. As has indicated Bloomberg, the expansion of a pipeline in western Canada, opened less than a year ago, has already provided China and other oil importers of the East Asian to greater access to the vast crude oil reserves in the Alberta tar sands region. Beyond its borders. China’s energy turn does not occur in a vacuum: it has direct implications for the rest of the world. In the first place, greater Chinese self -sufficiency will weaken the weight of export countries such as Saudi Arabia or Iraq, pressing further OPEC+ in its struggle for maintaining crude oil prices. With China pumping more oil locally, its demand for imports becomes more strategic and selective, displacing commercial flows and influencing the global barrel price. In addition, in this way you will have more autonomy to act in commercial tensions without compromising your energy supply. In short, it is sending a clear message: “Each barrel counts.” While the world looks at the Middle East or Texas, the real silent boom is happening in Asia. Image | China News Service and Pexels Xataka | Tariffs are already being charged to their first great victim of the global economy: the price of oil

The dollar has been the world economy for 80 years. The US tariffs are starting to destroy it

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In the two long months he has in the Oval Office, Donald Trump has demonstrated that he did not joke when he said that his favorite word is “tariff.” The Commercial War in which it has been engaged, with ads and against ads, attacks and backgrounds that now focus the focus In China, it is however affecting what could well be the second header word for the Republican leader: the dollar, which faces its own historical chapter, in full depreciation against other assets such as The euro or the Swiss Franco. In the background, there are voices that already speak of a trusted crisis In the American currency, a weakening of its global position as a safe shelter or even They wonder If we go at the end of the golden era of the green ticket. Dollar slopes. In full tariff war and between recession drums In the US and loss of investor confidence, the US dollar does not go through its best moment. Although The partial truce 90 days decreed on Wednesday by Trump has paid the falls in the stock market, the trend is different if we talk about public debt and especially dollars. Green tickets They have deflated in front of currencies such as the euro or the Swiss Franco. And quite clear, besides. Click on the image to go to Tweet. What do the figures say? After the dollar suffered yesterday its worse day In about a decade, the Euro is already 1.14 dollars. You have to go back several years ago to find it in such low levels in front of the community currency. As for the Swiss currency, another key reference, Reuters remembers That the green ticket has fallen 1.2%, to 0.814 francs, for the first time since the beginning of 2015. All this with him and reaching his Maximum of several months and with gold moving in Historical maximums While investors are looking for safe shelters, precisely what (until not so ago) offered green tickets. “There has been a marked tendency to sell US dollars flowing through the general markets and towards classical shelter assets, with the dollar losing that position,” Confirms Reuters recently Chris Weston, from Pepperstone. Why is it important? Because the dollar is more than the currency with which the Americans make their purchases. Is behind the vast majority of transactions, acts world reference and has allowed the US to be financed at low types. “Half the world is stunned looking and the other horror about what will happen to the dollar as a universally accepted currency and vault key of the global financial system,” Explain to The country Juan Ignacio Crespo. “It is very unusual in the US”. The dollar situation has caught the attention of other experts, such as Nick Timiraos, economic correspondent for The Wall Street Journal And who yesterday shared In X some reflections on the drift of the yields of the treasure bonds at 30 years and the weakening of the dollar. “Rises in yields and low in currencies are common in emerging markets. We saw it in the United Kingdom during the debacle of Truss. But it is very unusual in the US. There are only four other episodes in the last 30 years in which the dollar depreciated more than 1.5% with an increase in return to more than 10 basic points, ” Timiraos collects citing the Evercore ISI firm. Its conclusion: the data suggests the end of ‘exceptionalism’ of American growth and a loss of attractiveness of dollars. Click on the image to go to Tweet. Crisis of trust in the dollar? That is the idea that appears for some time among some analysts, such as Francesco Pesole, of ING, which after the fall of the dollar to a minimum of three years in front of the euro, It was pronounced with roundness in Financial Times: “The question of a possible crisis of trust in the dollar has definitely been resolved: we are experiencing it with all its force.” It is not the first to point in that direction. Monday Reuters warned that there were investors and analysts concerned with the perspective that Trump’s protectionist policies, changes in the current global economic order in the last decades and the growing debt The US ended up undermining the attractiveness of the dollar, with even risk of a crisis of trust in the green ticket. End of the ‘golden age’ of the green ticket? That is the question he launched to Benjamin Dubois, head of Edmond’s coverage management of Rothschild, in An analysis collected by The economist. It slides that the fall of the currency “could be the beginning of a deeper underlying trend.” “Trump’s second mandate could make the dollar lose the dominant status he has enjoyed during the last decade,” Point out The expert before citing factors such as the depreciation of Trump’s currency or commercial war. The answer does not seem clear. For Per Jansson, vice governor of the Central Bank of Sweden, It is not predictable However, the US reaches the point that the status of the dollar changes. And he warns: “It would be a great change for the world economy … and basically create chaos.” The truth is that Trump has spoken against attempts to weaken the currency, which still has in his favor the support of the strong economy of the United States, the markets and the lack of a short -term alternative. Reindustrialization. One of The wishes of Trump, which already connects with his first presidential mandate, is to enhance The manufacturing industry of the US. And in that effort the currency and its strength also play a key role. After remembering the restructuring of the global financial system raised by S. Miran, Donald Trump advisor, Dubois remembers: “It is based on the conviction that the dollar must be depreciated to allow US reindustrialization.” The Republican himself has pointed out that a weaker dollar would also benefit exports. Images | Timis Alexandra (UNSPLASH) and Gage … Read more

The Chinese bazaars of Mallorca are starting to close. And that is promoting all kinds of theories in social networks

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Tiktok is one of the 21st century forumsone with great viral potential. Give people like the Spanish adventurer who is Traveling to Japan with a 1998 Fiat OA the Carbon mines influencers In Australia. It also amplifies news such as that the Chinese bazaars of Mallorca are closing their doors in mass. And it is true: there are Chinese shops closing, and it is something that has generated so much noise that has resulted in the most varied conspiracy theories. Reality is much simpler. Bazaars closing. How our partners point out TRENDENCESsome profiles on Tiktok have shared videos in which some of these Chinese businesses are seen as if a hurricane had passed. In the profile ‘INSELNEWS‘The’ Bazar Gran Wok ‘is shown with a message that points out that, “by definitive closure, the owners decided to give everything in the premises.” In the one JULIOBASTIVV There is also talk of this. And entering the comments of those videos is a curious exercise. Theories of the great leak. There are several lines in this matter. On the one hand, those that point out that Chinese citizens are running out of tax advantages and will have to start paying taxes (although They already pay taxes if they have a business in Spain). Other theories point to the arrival of Digital eurosomething that is still in development. There is no lack of comments that suggest that the Chinese know something that the rest of the people not, to the duty Oa one imminent war. In Chinese Tiktokers profiles like ‘Jinjunyin‘, creator of the Pódcast’ Sounds Chinese ‘, we can also see comments in videos that do not deal with the issue in which they ask for explanations for the exodus and even pray that they do not leave the country. Other Chinese users of the social network laugh directly from the matter. @choumia04 Are the Chinese closing their stores in Spain? Why are their stores closing? 🤔 #Chinese #store #Spain #business #for you #fyp ♬ Original sound – Choumia Feet on the ground. To answer that question of “why all of Spain leave” that some users ask, we have contacted a Chinese association of the most affected area: Balearic Islands. Specifically, with the Chinese Association in the Balearic Islands. Its president, Fang Ji, tells us the same as they already communicated a few days ago for Instagram: That, in effect, in recent months they have observed that some businesses run by Chinese entrepreneurs have closed or are liquidating the stock. There is no single cause and points out that “the reasons behind these decisions may vary according to the business”, but that three cases stand out: Inflation and consumption changes. It is evident on an island where the price of housing is absolutely triggered, even with Garages Costo 185,000 euros (with whom you would buy a house in other locations). “The increase in rent and supplies costs, as well as changes in consumption habits have affected many small businesses, not only those of the Chinese community,” he says. Administrative changes. Another case is the hardening of certain tax regulations that have meant an additional difficulty for the business. Entrepreneurs comment that adapting to these changes requires an investment that is not always viable for all. Personal. Finally, Fang Ji points out that there are other businesses that have simply closed to reorient the business or for commercial reasons. “Pandemia and economic changes have led many entrepreneurs to rethink their future and want to explore other opportunities,” he says. Cocktail. Therefore, it is not that another pandemic is coming or a war with China is coming, but that it is the result of a set of situations that is causing this situation, highlighting the Very high price of the ground in the Balearic Islands and online trade. The region is at the head of the regions in which More expensive It becomes the owner. Calculations such as Idealistic They point to buy a square meter in Palma costs about 4,600, 18.5% more than a year ago. On the other hand, there are fast fashion businesses such as Sheinbut also the Temu And similar, which in some cases are a missile to the flotation line of some of these shops of Chinese entrepreneurs focused on day -to -day objects or clothing. And, as Fang Ji said, this is something that affects small trade in general, but when he adds to the climbing of the land price in some places, the cocktail can be difficult to digest. Image | JInocrates In Xataka | The Government wants to cut the bulos drastically: forcing influencers to rectify by law

The doors of green hydrogen from Spain have found its starting point: the Basque Country

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While Spain account With several hot green hydrogen points, infrastructure for distribution, such as H2Med, still Keep in development. However, the Basque Country has emerged as a new channel. Short. The H2BIDEA project, coordinated by Nortegas, aims to boost the development of a pure hydrogen distribution network in the Basque Country. The initiative will have the aid of the company Tubos gathered, in charge of creating the special tubes where high pressure hydrogen (160 bar) will be transported. A great initiative. Through a consortium of Basque companies, H2bidea It is cemented The pillars for the Basque Corridor of Hydrogen (BH2C). With this corridor they seek to establish an interconnected green hydrogen infrastructure that facilitates its transport and distribution, both regional and European. In three years, H2BIDEA hopes to have a distribution network demonstrator called H2TESTLAB, which will allow evaluating the efficacy of the installed infrastructure, according to has had notic access from Álava. Mass support. The project has the support of the Basque Government and the European Union, as well as with the collaboration of the Basque Companies Consortium, such as Arizaga, Bastarrica and Company (ABC Compressors), Orkli, Commercial of Electronic Applications (FIDEGAS) and Calcinor Servicios. It is not the only one. Because Spain continues to advance in the creation of more projects, such as the Mediterranean corridor (H2Med). This development initiative intends to interconnect Spain, France and Portugal by 2030 in what will be the first European hydrogen infrastructure. However, in recent weeks, has faced a controversy In Zamora on the use of water in the production of green hydrogen. More challenges at European level. A recent study by West Wood Energy consultant has estimated that only 17% of green hydrogen projects in the continent will materialize within five years. In that context, According to a Global Energy Monitor reportEurope faces difficulties to fulfill its decarbonization strategy due to the shortage of hydrogen produced in a renewable way. The limited amount of available green hydrogen and the slow progress of the announced projects question the viability of the energy transition plans of the continent. From another perspective. The Basque Corridor is an initiative that has emerged as a strategic point for the production and export of green hydrogen. In this way, it joins the ambitious plans of Spain to become a European green hydrogen leader. In fact, recently, the Spanish nation launched A hydrogen project with an investment of 1,214 million euros from the NextGneu funds. Image | TUBOSREUNIDOS Xataka | The Plan of Spain for leading green hydrogen has been faced with an unexpected problem: Zamora

Deepseek has given the starting gun in the race for a cheaper AI. And China starts with advantage

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Deepseek echo resonates three weeks after stirring the foundations of the industry of the artificial intelligence (AI). And possibly will continue to monopolize attention for much longer. After all, this model created by the Chinese company High-Flyer has been transformed In a symbol for China. In this Asian country there are dozens of companies involved in the development of AI, but none has so far made so much noise in such a short time As Deepseek. Also, according to Reuters Several experts in this sector have predicted that the open source nature of this model and its low access rates through its own API (application programming interface) could promote the adoption of AI and the development of applications for this technology for this technology . In Deepseek practice it has the ability to help Chinese companies cope with better Export restrictions of the avant -garde GPUs produced by US companies, such as NVIDIA or AMD. Huawei and other manufacturers want to expel Nvidia from the Chinese market Nvidia is losing competitiveness in China. It is inevitable. The H20 GPU on paper is much less capable than the most sophisticated chips that Jensen Huang’s signature currently sells. At the moment the Ministry of Industry and Information Technology of China has not officialized anything, but the administration led by Xi Jinping has restricted since last August the purchase of GPU H20 of Nvidia by Chinese companies. GPUs for Chinese are appreciated by companies such as Bytedance for their good performance in inference tasks On the other hand, Huawei has lists its own GPU for AI, the chips ascend Ai, for more than five years. During this period of time it has been refining them and increasing their abilities with the purpose of matching or even overcoming the performance of the chips A100 and H100 of Nvidia. “Training is important, but it only happens a few times. Huawei focuses mainly on inferencewhich, ultimately, will give us access to more customers “, Ensures Georgios Zacharopoulosa senior researcher of AI who works in the Huawei laboratory in Zurich (Switzerland). During the last weeks Huawei and other Chinese chip designers for AI, such as Hygon, Enflame, Tsingmicro or Moore Threads, have declared that their solutions will be compatible with the models of AI developed by Deepseek, although for the moment they have barely given more details. The interesting thing, and this is the authentic trick of Chinese companies, is that their GPUs, especially Huawei Ascend 910b chips, are appreciated by companies such as Bytedance for their good performance in inference tasks. Inference is broadly the computational process carried out by language models with the purpose of generating the responses that correspond to the requests they receive. Anyway This declaration of Lian Jyechief analyst of the omdia technology consultant, expresses very well Why Deepseek is a great opportunity For Chinese GPU manufacturers: “This development is very aligned with the abilities of Chinese designers (…) GPUs for Chinese and require a more localized and specific understanding of the industry. “ Image | Huawei More information | Reuters In Xataka | The Nvidia pulse and US administration becomes more virulent. The B20 GPUs for danger

Hispanic man arrested for starting a fire in San Bernardino

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A 20-year-old Hispanic man was arrested as a suspect of starting a forest fire in San Bernardino County. The suspect He was identified as Eduardo Delapaz, 20 years old. and resident of the town of Adelanto. According to the authoritiesat approximately 3:25 am this Monday, January 20, San Bernardino County deputies and firefighters responded to reports about a wildfire near Verbena Road and Mojave Drive, in the Adelanto area. Keep reading: New wildfire breaks out in Los Angeles County The young Hispanic man was located at the scene of the fire, and Authorities said he was in possession of gasoline and a lighter.which was apparently used to start the fire. Delapaz was arrested on suspicion of arsonand was subsequently booked into the High Desert Detention Center, where he is in custody on $60,000 bail. Keep reading: Relatives of victims who died in the California fires tell their stories The incident remains under investigation of the authorities. If anyone has information related to this case, You may contact Deputy E. Villeda at the Victor Valley Sheriff’s Station.at 760-552-6800. Keep reading: Alert extended for strong winds in Southern California To provide a report anonymouslyyou can call We-Tip at 1-800-782-7463, or online on their website at this link. Keep reading:· Newsom signs order to speed up fire debris removal· Los Angeles approves economic aid plan for workers affected by fires· Risk in burned areas of Los Angeles due to upcoming rains

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