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New offshore platform taps into potential of heavy-oil reserves in China

BEIJING — The world’s first mobile thermal-injection platform was recently delivered in China’s Shandong province, offering new opportunities to tap into China’s vast potential for heavy-oil recovery, according to the country’s major marine oil-mining company. China National Offshore Oil Corporation (CNOOC) announced on Thursday that “Recai No 1” or “Thermal Recovery No 1”, the mobile…

Air Serbia to launch Shanghai-Belgrade direct flights in 2025

Air Serbia is to launch direct flights between Shanghai and Belgrade, operated by Airbus A330 aircraft twice a week, starting Jan 11, 2025. [Photo provided to chinadaily.com.cn] Air Serbia has announced the introduction of a new direct flight route connecting Shanghai Pudong International Airport with the Serbian capital of Belgrade, Nikola Tesla Airport, with operations…

Potential vast for global EV cooperation, say experts

Zhang Yongwei, vice-president and secretary-general of the China EV 100, speaks at the Global NEV Cooperation and Development (Shanghai) Forum, on Nov 1, 2024. [Photo provided to chinadaily.com.cn] Experts have expressed optimism regarding the potential for growth and collaboration in the EV sector, reflecting a significant advancement in the global transition toward greener transportation solutions.…

China to introduce new policies in November to boost consumption: official

A consumer (right) learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING — China will launch a series of consumption promotion events in five major cities in November and roll out new policies aimed at boosting consumer spending, Vice-Minister of Commerce Sheng Qiuping said Friday.…

Supply chain heft opportunity for global firms

This photo taken on Nov 26, 2023 shows the venue of the China International Supply Chain Expo (CISCE) in Beijing. [Photo/Xinhua] China’s proactive support for global supply chain cooperation will enable both domestic and foreign companies to capitalize on new business opportunities and boost their confidence in investing in its market, the country’s top foreign…

Rio Tinto and China partners to improve EV battery tech

The State Power Investment Corporation.[Photo/SPIC] Rio Tinto will partner with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia, the company said on Thursday. Battery swapping technology allows a battery electric vehicle to quickly exchange a discharged battery pack for a fully…

Green channel of carbon data cross-border flows launched in Shanghai

[Photo provided to chinadaily.com.cn] Lin-gang Special Area in Shanghai has launched a new mechanism to facilitate the cross-border exchanges of carbon-related data, the latest pilot step to meet enterprises’ cross-border carbon data compliance needs and support China’s efforts to align with international green trade rules. On October 29, the data division of Lin-gang Special Area…

AICM releases 2024 sustainable development report focusing on circular economy in the chemical industry

The Association of International Chemical Manufacturers unveiled its 2024 sustainable development report in Chengdu, Sichuan province on October 30. [Photo provided to chinadaily.com.cn] The Association of International Chemical Manufacturers (AICM), a global industrial organization, unveiled its 2024 sustainable development report in Chengdu, Sichuan province, early this week to advance the concept of green growth. The…

Auto joint ventures eye revved-up performance, former official says

Employees work on the assembly line of a carmaker in Qingdao, Shandong province. [LIANG XIAOPENG/FOR CHINA DAILY] Joint venture automotive companies in China will achieve a stunning transformation as China is cultivating a market-oriented and internationalized business environment that treats both domestic and foreign enterprises impartially, Wei Jianguo, former vice-minister of commerce, said at an…

Beijing plans global hub for green economy

A view of Beijing’s CBD area on Aug 19, 2022. [Photo/VCG] Beijing has launched an initiative to establish itself as a global green economy hub, with a focus on technological innovation, industrial development and sustainable urban planning, aiming to achieve the goal by 2035. The plan’s first phase target is that by 2027, Beijing would…