Briefly

China cuts retail prices of gasoline, diesel

China reduced retail prices of gasoline and diesel on Thursday, based on recent changes in international oil prices. Gasoline and diesel prices will both fall by 50 yuan ($7.03) per metric ton, according to the National Development and Reform Commission.

CNPC renewables capacity surges in 2023

China National Petroleum Corp, the country's largest oil and gas producer and supplier, made historic breakthroughs in the scale of new energy development last year, with renewable power generation capacity surging 3.4 times from that of 2022, the company said on Thursday. CNPC witnessed a 60 percent increase in the production of new materials, which are now considered critical to the development of high-tech industries. The new materials industry is considered an important entry point for building new growth engines.

Xinhua - China Daily