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China Eastern Airlines Carries More People to Paris
July 30, 2024China Eastern Airlines has seen an increase in bookings on its popular China-France route recently because of the Olympic Games Pairs 2024.
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China Energy Powers Efforts to Increase Green Transition, Reduce Fossil Fuels
July 30, 2024China Energy Investment Corp — the world's largest power producer and the top wind power developer in terms of installed capacity — continued to accelerate its green energy transition during the first half this year while ensuring domestic energy security, helping to diversify the nation's energy mix and reducing dependence on fossil fuels.
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China Begins Work on World’s First Ultra-High Voltage Flexible Direct Current Project
July 30, 2024The world's first ultra-high voltage flexible direct current (UHVDC) transmission project has commenced construction on Monday, said its operator State Grid Corporation of China, the country's largest power utility firm.
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Nearly 200,000 Sail on China’s First Large-Scale Cruise Ship
July 29, 2024China's first large-scale cruise ship, the Adora Magic City, has completed 46 voyages since its launch on January 1, 2024, with passenger numbers exceeding 190,000 and a satisfaction rate of over 95 percent.
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Local SOEs in China Report 10.4% Rise in R&D Spending in H1
July 29, 2024State-owned enterprises supervised and administered by local governments in China reported a 10.4 percent rise in R&D spending that amounted to 249.57 billion yuan ($35 billion) in the first half of 2024, according to the State-owned Assets Supervision and Administration Commission of the State Council.
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China's Central SOEs to Invest Over 3t yuan in Equipment Upgrades
July 29, 2024China's centrally-administered State-owned enterprises will invest over 3 trillion yuan ($413.94 billion) for large-scale equipment upgrades over the next five years, aiming to stay at the forefront of the latest technological and industrial advancements, said government officials on Friday.
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China's Largest Power Utility Firm Sees Annual Grid Investment Cross $84b
July 29, 2024State Grid Corporation of China saw its annual grid investment surpass 600 billion yuan ($84 billion) for the first time this year, the company said on Friday.
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State-Owned Companies High on Reform Agenda
July 26, 2024Fueled by China's tailor-made market-oriented reforms and industrial upgrades, both the profit and export value of the country's State-owned enterprises are expected to grow stably in the second half, analysts said on Wednesday.