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release time: 2020 - 07 - 03
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Flexible direct current power project to boost clean energy supply in areaThe Zhangbei flexible direct current (DC) power grid was put into operation on Monday, a move which industry insiders believe will play a major role in supplying Beijing with cleaner electricity generated by renewable energy while making Beijing 2022 the first Winter Olympic Games in history to exclusively use green energy sources.With a total investment of up to 12.5 billion yuan ($1.77 billion), the transmission line is the world's first renewable energy-based flexible direct current power transmission system. It consists of four convertor stations in Zhangbei and Kangbao in Zhangjiakou, Fengning in Chengde and Beijing.It will effectively meet all clean energy-based power demands of the Winter Olympic venues an...
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BEIJING - China's production of non-ferrous metals kept steady growth during the first quarter, the China Nonferrous Metals Industry Association said Tuesday.Output of non-ferrous metals hit 14.17 million tons, up 2.1 percent year-on-year.Weighed down by the novel coronavirus epidemic, profits of major non-ferrous metal companies dived 31.4 percent year-on-year to 15.3 billion yuan ($2.19 billion).Prices of non-ferrous metals recorded drastic falls both at home and abroad during the first quarter, and staged a recovery in April, Jia Mingxing, vice chairman of the association, told a press ...
发布时间: 2020 - 04 - 29
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BEIJING -- Profits of China's major industrial firms dropped in the first quarter (Q1) of 2020 with signs of improvement in March amid efforts to coordinate COVID-19 containment and economic growth, data from the National Bureau of Statistics (NBS) showed Monday.Profits of industrial companies with annual revenue of more than 20 million yuan (about $2.83 million) totaled 781.45 billion yuan in Q1, down 36.7 percent year on year, NBS said in a statement.The contraction narrowed from the 38.3-percent decline in the first two months, NBS data showed.In breakdown, profits of the manufacturing ...
发布时间: 2020 - 04 - 28
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BEIJING -- The global oil price collapse is battering China's upstream oil companies but acts as a boon to downstream refineries, analysts said.Partly due to the coronavirus pandemic, international crude prices slumped in the past few months, with the benchmark Brent crude nosediving from about $68 per barrel in early January to around $25 at present.The upstream of the oil industry including oil producers and oilfield service firms has been hit hard by the plummeting prices, said Dong Xiucheng, professor with the University of International Business and Economics.The cost of domestic oil ...
发布时间: 2020 - 04 - 27
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