Asian Development Bank Commits $6.17 Billion for 31 Projects in China (2018-2020), Shifting Focus Towards Green and Inclusive Growth Initiatives

The Asian Development Bank (ADB) has announced an ambitious investment plan for China, earmarking a total of $6.17 billion for 31 projects between 2018 and 2020. This significant commitment underscores…

China Poly Group Corp Charts Ambitious Global Expansion with Dual Focus on Belt and Road Initiative and Western Markets

Beijing-headquartered conglomerate China Poly Group Corp has publicly articulated an aggressive and nuanced strategy for its international expansion, signaling a continuous drive to promote its diverse business interests across both…

Hainan Airlines Intensifies Bid for Shanghai-US Direct Flights Amid Robust Trans-Pacific Market Expansion

Hainan Airlines, China’s largest private air carrier, is actively pursuing new flying rights to establish direct services between Shanghai and prominent cities across the United States, signifying an aggressive strategy…

China’s Clean Energy Capacity Poised to Outstrip Coal Within a Decade, Signaling Major Shift in Global Energy Landscape

BEIJING – China is on the cusp of a transformative energy shift, with clean energy sources, encompassing nuclear power and a broad spectrum of renewable technologies, projected to surpass coal…

China’s Automobile Market Navigates Shifting Dynamics as Growth Decelerates, NEVs Surge Amid Policy Adjustments

China’s vast automotive market experienced a notable deceleration in growth during November 2017, with vehicle sales posting a modest 0.7 percent year-on-year increase to 2.96 million units, according to data…

China Accelerates Industrial Capacity Cuts, Surpassing Coal and Steel Reduction Targets Ahead of Schedule

China is poised to achieve its ambitious goal of reducing coal capacity by 500 million metric tons significantly ahead of the initially planned three-to-five-year timeline, with officials indicating the target…

BAIC Group Accelerates Green Transition with Ambitious Conventional Fuel Car Phase-Out and Major Innovation Investment

Beijing Automotive Group Co. (BAIC Group), one of China’s leading state-owned automotive manufacturers, has unveiled an ambitious strategic pivot towards new energy vehicles (NEVs), declaring its intent to entirely phase…

WTO director-general warns of protectionism

BUENOS AIRES – The Director-General of the World Trade Organization (WTO), Roberto Azevedo, issued a stark warning on Sunday regarding the enduring "threat of protectionism," emphasizing that "trade and technology…

China’s Shipbuilding Industry Reaches Global Apex, Surpassing South Korea in Orders Amid Strategic Transformation

China’s shipbuilding industry achieved a significant milestone in the first eleven months of 2017, securing the top position globally in terms of new orders and thereby surpassing its formidable competitor,…

Massive floating power plant up and running

The world’s largest floating photovoltaic (PV) power station has begun its operational journey, with a significant portion of its capacity connected to the grid and generating power in Anhui province.…