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Private sector in Gansu thrives on quality growth

Gansu’s private sector economy is undergoing a profound shift from scale expansion to higher quality and efficiency, as the province places “new quality productive forces” at the core of its development strategy. Guo Qizhi, chairman of the Gansu Federation of Industry and Commerce, said the most notable change during the 14th Five-Year Plan period (2021-25)…

China vows to protect Chinese companies against US export control bills

China will take all necessary measures to safeguard the legitimate rights and interests of its companies, said the Ministry of Commerce on Saturday, warning that a series of export control bills approved by a US congressional committee could disrupt global trade and undermine supply chain stability. The US House Foreign Affairs Committee on Wednesday passed…

China-Laos clean power link to boost regional ties

Electricians work on the China-Laos 500-kilovolt power interconnection project in February. [Photo provided to chinadaily.com.cn] Marking the first time that overseas new-energy electricity has participated in the nation’s power market, the China-Laos 500-kilovolt power interconnection project officially commenced operations on Monday, signifying a major leap in regional energy integration. The milestone was marked by the…

China takes lead in global power storage

Workers assemble energy storage module blocks at a workshop in Zhangye, Gansu province, on March 3. WANG JIANG/FOR CHINA DAILY China has cemented its status as the undisputed heavyweight champion of the global energy storage sector, successfully transforming itself from an industry follower into the global pacemaker, said industry experts and government officials. By the…

UnionPay expands QR payments to Kazakhstan’s Halyk Bank

UnionPay International announced this month that Kazakhstan’s Halyk Bank has officially launched its QR code payment service, making it the first financial institution in Central Asia to offer this feature and further expanding UnionPay’s digital payment footprint in the region. Through this partnership, Halyk Bank customers can now make convenient QR code payments across the…

Envision envisions ‘skyrocketing’ growth in near term

Visitors watch an introduction video at Envision’s exhibition stand during the fourth EESA China International Energy Storage Expo in Shanghai on Aug 14. CHINA DAILY Driven by mounting global energy security concerns and the accelerated expansion of renewable energy, Envision Group is witnessing a meteoric rise in its energy storage orders across Europe, with the…