Share prices in solar power equipment manufacturers surged in New York and Hong Kong Thursday after the Chinese government announced plans to build a new round of pilot wind and solar power projects, Bloomberg reports. Beijing is essentially offering a new deal to the renewable energy industry as it moves away from a highly costly and inefficient […]
Category: Energy & Environment
The China-led Asian Infrastructure Investment Bank (AIIB) will commit half a billion dollars to bonds that will fund sustainable energy and transportation programs, the Wall Street Journal reports. The restrained move is a small fraction of the $100 billion the bank attracted when it launched in 2016, which it has applied minimally despite the number […]
The National Development and Reform Commission (NDRC) – China’s top planning body – has published a set of new regulations targeting tighter restrictions on market entrants, while changing the government’s role in new investment, Caixin reports. Under the new rules, those looking to invest in China’s auto industry no longer need to file with the […]
Electric car maker Tesla is on track to start production at its recently-approved Gigafactory in Shanghai late next year, the city’s government said this week. Following a visit by Shanghai Mayor Ying Yong, the government posted on its official WeChat account that construction for the factory is about to begin and partial operations will kick […]
China’s cabinet has agreed to provide financial assistance to struggling companies that retain staff in a bid to bolster employment levels as an economic slowdown threatens greater job losses, Reuters reports. The government will return half of the unemployment insurance fees paid by such firms, the State Council said in a statement, urging bosses to […]