China Industries
An employee monitors the operation of a virtual power plant in Wuhu, Anhui province. [XIAO BENXIANG/FOR CHINA DAILY] Virtual power plants (VPPs) are becoming critical tools to secure electricity supply and enhance the utilization of renewable energy resources, at a time when global power demand is growing, a consensus view shared recently showed. With shared…
Employees work on a PV panel production line in Hefei, Anhui province, in October. RUAN XUEFENG/FOR CHINA DAILY The additional tariffs imposed by the United States on photovoltaic products from Southeast Asia form a “myopic” and “self-defeating policy “that will significantly inflate costs for US consumers and run counter to global trends, said Chinese solar…
China’s International Contributions to the New Energy Industry is released on April 25, 2025. [Photo/Xinhua] China’s new energy industry saw substantial growth in open competition in recent years, catering to its low-carbon development needs, fueling global green economic growth, and notably lowering barriers for the sector’s development in Global South nations, said a report released…
SHANGHAI — As China actively promotes its “debut economy” to spur consumption, more international luxury brands are seizing the opportunity to open new stores, host exclusive events and launch new products in the world’s second-largest consumer market. Along Shanghai’s iconic Huangpu River, century-old Italian luxury brand Loro Piana is hosting its first-ever exhibition anywhere in…
Shanghai’s May 5 Shopping Festival will offer the biggest consumption subsidies and benefit the largest number of consumers, said local officials. They released the information during a news conference on Thursday. To be held from end April to late June, this year’s festival, to be held for the sixth year in a row, will introduce…
BEIJING – China’s cumulative installed power generation capacity reached 3.43 billion kilowatts by the end of March, marking a year-on-year increase of 14.6 percent, official data showed on Sunday. Solar power generation capacity amounted to 950 million kilowatts by the end of last month, surging 43.4 percent compared to the same period last year, according…
Supply chains and retailers in the country must enhance coordination to accelerate the focus shift of export-oriented enterprises toward the domestic market and help stimulate internal consumption, a senior official at the China General Chamber of Commerce has said. Fu Longcheng, deputy head of the chamber, said that while export-to-domestic sales is not a new…
Officials from Fuzhou Customs inspect goods at a power generator manufacturer in Fujian province. CHINA DAILY Propelled by surging global electricity demand and accelerated infrastructure development, China’s power equipment exports will maintain robust growth throughout 2025, said generator manufacturers on Wednesday. They said rising opportunities stem from foreign tech companies’ soaring power needs to develop…
China’s market for green electricity certificates, designed to boost renewable energy consumption, saw explosive growth in 2024, with trading volume quadrupling, as the country builds a robust system to verify and trade clean power attributes, according to a government report. The China Green Electricity Certificate Development Report (2024), released by the National Energy Administration on…
An aerial photo shows the container terminal in Taicang Port Area of Suzhou Port in operation, April, 20, in Suzhou, East China’s Jiangsu province. [Photo/VCG] From April 18 to July 17, Suzhou Port’s container terminals will offer a three-month free storage service for heavy containers imported and exported by foreign trade enterprises, according to the…