China launches Asia’s largest carbon capture project for coal-fired power sector on June 3, 2023China Energy Investment Corporation (China Energy) on Friday announced that it has put Asia’s largest carbon capture, utilization and storage (CCUS) facility for the coal-fired power generation sector into operation in east China’s Jiangsu Province. The facility, attached to a generation unit at China Energy’s Taizhou coal-fired power plant, will capture 500,000 tonnes of carbon […]
Beijing to set Zhongguancun comprehensive bonded zone on June 1, 2023The official approval of the Beijing Zhongguancun comprehensive bonded zone has been announced by the State Council for establishment, Beijing Customs said Tuesday. “The comprehensive bonded zone will feature research and development (R&D) and innovation,” Zhang Geping, head of Beijing Customs, said at a press conference of the 2023 Zhongguancun Forum (ZGC Forum) on major […]
China steps up flood prevention work in central SOE projects on June 1, 2023Chinese authorities have urged centrally administered state-owned enterprises (SOEs) to make solid efforts to guard against flooding and defuse risks during the ongoing flood season. Central SOEs in sectors including hydropower, mining and transportation should focus on the major risks in their industries, enhance the strength of rescue teams, and ensure supplies and equipment, according […]
Musk talks ‘new energy vehicles’ with industry minister during China visit on June 1, 2023Elon Musk and China’s industry minister discussed ways to develop new energy vehicles Wednesday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the world’s second-largest economy. The mercurial billionaire, one of the world’s richest men, is on his first trip to China in more than […]
Deals totaling 1.5 bln USD inked between Chinese, Australian companies on May 26, 2023Eleven trade and cooperation project deals worth a total of 10.3 billion yuan (about 1.5 billion U.S. dollars) were inked between Chinese and Australian companies on Thursday. The projects cover areas such as resources, food and medicine, according to the China Council for the Promotion of International Trade Guangxi Committee. The deals were signed at […]
Vietnamese automaker, Chinese partner reveal first mini electric vehicle on May 26, 2023Vietnamese car manufacturer TMT Motors unveiled the first flagship micro electric car, the Wuling HongGuang MINI EV, marking its debut in the local industry of electric vehicles with what has been known as the world’s best-selling microcar for three years in a row, TMT Motors said in an online statement. “Externally, the first Wuling HongGuang […]
Vietnamese automaker, Chinese partner reveal first mini electric vehicle on May 26, 2023Vietnamese car manufacturer TMT Motors unveiled on Wednesday the first flagship micro electric car, the Wuling HongGuang MINI EV, marking its debut in the local industry of electric vehicles with what has been known as the world’s best-selling microcar for three years in a row, TMT Motors said in an online statement. “Externally, the first […]
Macao’s unemployment rate continues to drop in February-April on May 26, 2023Macao’s general unemployment rate from February to April decreased by 0.3 percentage points to 2.8 percent from the January-March period, the special administrative region’s statistics department said on Thursday. The latest report from Macao’s Statistics and Census Service said the unemployment rate for local residents was 3.6 percent for the February-April period, down 0.3 percentage […]
Australian wool industry boosted by demand from China on May 26, 2023Australia’s wool industry has welcomed increased demand in the Chinese market, an Aussie wool enterprise head said. John Roberts, chief executive of Australian Wool Innovation (AWI), has returned to Australia after “a productive week” in China, meeting senior industry figures in Shanghai, Zhangjiagang, Tongxiang, Nanjing and Beijing. He said that increased demand for wool and […]
China unveils plan for development of Beijing-Tianjin-Hebei region on May 25, 2023China has unveiled a plan for the coordinated development of the Beijing-Tianjin-Hebei region, the Ministry of Industry and Information Technology (MIIT) said on Tuesday. The plan, jointly issued by the MIIT, the National Development and Reform Commission, the Ministry of Science and Technology, and the local governments of Beijing, Tianjin and Hebei, said that the […]