In early September, the grapevines at Shanghai Puguan Ecological Agriculture in Malu, Jiading district, spread a fragrant aroma. Xu Wei and Tang Xiaowei from the Nanxiang Power Supply Service Center of State Grid Shanghai Jiading Power Supply visited the site recently to ensure the sound operation of equipment such as the electrical canopy curtains during…
China’s aggregate social financing — the total amount of financing to the real economy — stood at 21.9 trillion yuan ($3.09 trillion) during the January-August period, down 3.32 trillion yuan compared with the same period of last year, official data showed. The People’s Bank of China, the country’s central bank, said on Friday that China’s outstanding aggregate…
On Sept 10, Geely Auto Group unveiled a suite of nearly ten cutting-edge electrified vehicle models at the EVA Frankfurt. [Photo provided to chinadaily.com.cn] On Sept 10, Geely Auto Group unveiled a suite of nearly ten cutting-edge electrified vehicle models at the EVA Frankfurt under the banners of its three distinguished brands—Geely, Lynk & Co,…
A view of the booth of GCL during an expo in Shanghai. [Photo provided to China Daily] Full-scale construction has begun on East China’s largest pumped storage power station, with power generation scheduled to start before 2030, said its operator GCL Energy Technology Co Ltd. The project in Zhejiang province entails a total investment of…
Staff members from State Grid Zhejiang Wenzhou Power Supply Company at work. [Photo provided to chinadaily.com.cn] To ensure stable power supply during the first holiday after the opening of the Hangzhou-Wenzhou high-speed Railway in East China’s Zhejiang province, State Grid Zhejiang Wenzhou Power Supply Company initiated hazard inspections on Thursday for the upcoming Mid-Autumn Festival…
On Sept 12, staff member of State Grid Jiaxing Power Supply Company Hu Sheng carried out a new round of rolling revisions for the planning of Jiashan county’s distribution network through the automatic planning system of the distribution network’s digital twin. “With the system doing it all automatically, planning only takes two weeks. It’s not…
The New York offices of PricewaterhouseCoopers. [Photo/Sipa] Chinese authorities have slapped 441 million yuan ($62.1 million) in penalties and imposed a six-month business suspension on PwC’s auditing unit in the country, after the entity was found to have “covered up and even condoned” fraud at Evergrande Real Estate Group. The China Securities Regulatory Commission said…
Xuankong Temple in Hunyuan. It is among Shanxi’s attractions featured in Black Myth: Wukong.[Photo by Li Yao/For China Daily] Based on the buying trends of Chinese travelers who will embrace the three-day Mid-Autumn Festival holiday from Sunday, tourism service providers have found that short-distance tours with loose schedules are gaining in popularity. Dating back thousands…
China expressed its disappointment with the European Commission’s recent decisions regarding the EU’s anti-subsidy investigation into Chinese electric vehicles, stressing it will take all necessary measures to defend the interests of its businesses, as announced by the Ministry of Commerce on Friday. On Sept 12, a spokesperson for the European Commission stated that the price…
China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country’s economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China’s value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors,…