China will solve the problem of renewable energy going to waste by 2020, the head of the National Energy Administration said on Tuesday.
Zhejiang Geely Holding Group will become the largest shareholder of AB Volvo by capital after it agreed to acquire 8.2 percent equity and 15.6 percent voting rights in the Swedish manufacturer of trucks, buses, construction equipment and engines.
China will extend its favorable tax policy for new energy vehicles to the end of 2020 to stimulate the innovation and development of electric cars, plug-in hybrids and fuel cell cars, the Ministry of Finance said on Wednesday.
Shanghai taxi operator Qiang Sheng has inked strategic cooperation agreements with three partners including the new energy vehicle arm under the State Grid to enter the increasingly popular online ride-hailing sector as part of its efforts to enhance the overall service quality of the city's taxi industry.
The nation's top economic regulator is paying close attention to the factors surrounding a surge in the price of mobile phone storage chips, with the activities of some major chipmakers such as Samsung causing the government particular concern, according to people familiar with the matter.
The price of memory chips, key components in mobile phones and computers, is likely to continue rising until the end of 2018, when the technology matures to enable greater production capacity, analysts said on Tuesday.
A Chinese consortium led by China Railway Corp will participate in bidding for a high-speed railroad linking Singapore and Malaysia in 2018, marking another step in China's ambitious strategy to export its high-speed railway technologies to Southeast Asia.
Countries taking part in talks on the Regional Comprehensive Economic Partnership are expected to hold four more rounds of meetings, which may involve a gathering of state leaders in 2018, said a Ministry of Commerce official on Tuesday.
China has finalized rules including punishments for illegal activities, and the definition of sensitive countries and sectors on outbound direct investment, the country's top economic regulator announced on Tuesday.
The Ministry of Finance has issued a clear warning to local governments in China to get their financial affairs in order as the central authorities step up the battle to curb the growth of "implicit debt" in the year ahead.
China's industrial output is expected to rise by around 6.5 percent this year, marking the best performance since 2010, as the Made in China 2025 strategy helps to boost productivity and revenue growth.
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