Seven mega plants charge China's plans to emerge as world's biggest sea-based energy marketChina's offshore wind energy sector is expected to boom this year onward on the back of a maturing onshore segment, and the country's accent on growth via high-quality manufacturing and consumption upgrade.The maturing of the onshore segment has driven down costs, making this type of clean energy viable, industry insiders said.China boasts vast resources of onshore and offshore wind energy. It plans to install 30 gigawatt of offshore wind power capacity by 2020, from the 5 GW at the end of 2015, accordin...
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2019
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China and the United States have made new progress in negotiating the text of an economic and trade deal, but much work remains to be done, the Ministry of Commerce said on Thursday.Negotiating teams from the two countries are hashing out the text of the deal, including an enforcement mechanism, on the basis of mutual respect and benefit, said Gao Feng, ministry spokesman.The remarks came as the world's two biggest economies have been intensifying their consultations and aiming to break the deadlock in a timely manner.In the most recent round of trade consultations, the negotiators discussed t...
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2019
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State Council meeting works to bring down financing burdens on enterprisesChina will work harder to ensure financing costs faced by micro and small enterprises are further reduced, with a target of making outstanding loans to these firms approved by the five large State-owned commercial banks increase by over 30 percent this year, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.'Lowering these enterprises' financing costs is a pressing issue in our economy today. Our prudent monetary policy should be eased or tightened to the right degree to keep liquidity ...
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2019
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