China

China’s 17-Point Plan: Paving the Way for a Renewable Energy Future 

China has introduced a comprehensive 17-point plan aimed at transitioning to renewable energy while gradually reducing coal usage to enhance energy security and support its climate commitments. The National Development and Reform Commission (NDRC) emphasizes a safe and orderly energy transition across various industries, targeting a renewable energy consumption equivalent to over 1.1 billion tonnes of […]

China’s Steel Demand May Flatten by 2025

Beijing– Recent reports show that the industry could expect a dip in the demand for steel in China. As one of the largest producers and consumers of steel, officials warn China of mounting risks facing steel exports due to growing trade frictions. Demand dropping faster than supply led to oversupplying, which has weighed down the […]

Australia and China Strengthen Bilateral Relations with New Agreements on Trade and Decarbonisation 

Australia and China have agreed to collaborate in areas like investment, trade, and decarbonisation as per the reports by Australian Treasurer Jim Chalmers during his visit to Beijing. Beijing, China — The Australian Treasurer, Jim Chalmers’ trip to China, the first of its kind in the last seven years, signifies improvements in the relations between China and […]

PC: Freepik

Shanghai Unveils Green Action Plan to Accelerate Low-Carbon Transition

Shanghai – Shanghai is on its journey towards a greener development with high- quality growth. However, further efforts are required in energy supply, institutional arrangements along with technological innovations as per officials and experts.   Under the plan, Shanghai is looking to reach a target of installing solar photovoltaic of 4.5 million kilowatts by the […]

China Steel Mills Facing Bankruptcy Wave Amidst Industry Consolidation

Beijing – China’s steel industry is on the edge of a wave of bankruptcies as a prolonged crisis reshapes the sector, according to Bloomberg Intelligence . In a recent report, senior analyst Michelle Leung revealed that nearly three- quarters of the steel producers in the country reported losses in the first half of the year. […]