China NewsBase
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The China News Database was last updated at 11:45PM on August 15, 2022.
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1,124 articles matching the search query.
China is pouring huge investments into water conservation and hydropower
A total of 748 billion yuan was devoted to water conservation in the first half of the year, while China Yangtze Power leads the hydropower charge.
China-Russia relations have ‘withstood the new test’ as Beijing’s balancing act continues
While China maintains a strategic friendliness with Russia and shared antipathy for the U.S.-dominated world order, Chinese companies have recently shown extreme caution in maintaining sanctions compliance. What is Beijing’s next move?
Outlier or New Normal? Trends from the 2022 China’s Global Energy Finance Database Update - The China Africa Project
There were “no new energy development finance commitments in 2021 from China to foreign governments through its two most active policy banks” for the first time in the 21st century, a policy brief has found using the China Global Energy Finance (CGEF) Database managed by the Boston University Global Development Policy Center. Some more interesting findings:
From 2016 to 2021, CDB and CHEXIM conducted 92 loans worth $75.1 billion to 37 foreign governments and entities in the energy sector, far exceeding total energy sector lending by the World Bank over the same period. China is not alone in decreasing development finance in 2021, as most development finance institutions around the world decreased new commitments last year.
China Considers Buying Stakes in Russian Energy, Commodity Firms
China is considering buying stakes in Russian energy firms after yesterday’s U.S. prohibition on Russian oil triggered a drop in demand. Beijing is talking with state-owned firms to invest in Russian energy.
China’s clean energy conundrum
Climate change looms over China’s population and resources, but cutting carbon may not be as important as the nation’s top priority: security.
Huawei transitions from phones to clean energy
Huawei is expanding into clean energy, as the firm moves away from smartphones amid growing competition and pressure from Beijing.
AI firm 4Paradigm tries for an IPO in Hong Kong, again
4Paradigm, an artificial intelligence services firm, plans its second IPO in Hong Kong in six months. It may signal an end to China’s regulatory freeze.
BRIEFING: Most coal power plants since 2016 entered construction in China in 2021, investment in coal-based steelmaking accelerated – Centre for Research on Energy and Clean Air
China is building coal-powered steel facilities at an alarming rate, a Centre for Research on Energy and Clean Air report (English, Chinese) finds, as the nation tries to recover from a severe power crunch that shook the economy last year. The plants, which typically last for 20 to 40 years, have raised concerns it will keep sectors hooked on coal.
New construction of coal-fired power plants last year will generate a total of 33 gigawatts of electricity, the most since 2016 and almost three times more than the rest of the world plans to add. China is rapidly updating old coal-based steel plants, with 74 million tons of new coal-based steelmaking approved last year — more than all similar developments in the rest of the world. Though renewable power generated between 2020 to 2025 will add more than the total power generation of Japan, or around 20% of China’s total consumption in 2020, it is still not enough to meet China’s projected power needs.
Air quality and health co-benefits of China’s carbon dioxide emissions peaking before 2030
Early carbon peak could save lots of Chinese lives, and lots of money. If carbon emissions top off before 2030 under the 1.5°C target, it could help China avoid around 118,000 deaths by 2030 and around 614,000 by 2050 from exposure to the most deadly small particles, a Nanjing University study published in Nature Communications found.
Industry and power generation are the two major sources of carbon emissions in China, contributing more than 80% of the total emissions in 2010 due to the sectors’ intense use of fossil fuels, especially coal. A rapid shift away from fossil fuels toward zero- or low-carbon energy sources and more carbon capture systems (CCS) under a strict climate target would drive the substantial reduction in carbon emissions and help meet the current NDC target. Under a 2°C target, carbon mitigation costs could be more than offset by health co-benefits in 2050, yielding a net benefit of $393 billion to $3,017 billion (in 2017 USD value).
Link-U Tech is pumping electricity from EVs back into the power grid
Link-U Tech, a Chinese company founded last year by a team at Tsinghua University, is trying to commercialize two-way charging stations for electric vehicles. It has competition in major Chinese EV companies like NIO.
国家发展改革委、国家能源局召开会议部署煤炭保供稳价工作
The coal will keep flowing: After the disruptions to coal supply at the beginning of the winter, China’s powerful National Development and Reform Commission and the National Energy Administration have announced joint efforts to stabilize the market for the black stuff that supplies more than half of China’s energy needs.
Beijing puts Chinese tech on display at Winter Olympics
From smart beds to catering robots, China has gone all out to show the world how far Chinese technology has progressed since the last Olympics in Beijing.
The Kazakhstan protests and Sino-Russian relations
What do the protests in Kazakhstan mean for China and its relationship to Russia, which has sent troops to the central Asian nation to crush the unrest?
China Says Release From Strategic Oil Reserves In the Works
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs.
Is Huawei really building the world’s biggest battery?
A story from the SupChina A.M. newsletter. Sign up for free here.
Chinese power sector reforms mean more coal now, less coal later
China needs to burn coal to end power shortages, but is the country’s ongoing electricity crisis all bad news for the climate? No, writes energy policy researcher David Fishman, because by using the crisis to implement fundamental price reforms for power markets, Beijing has actually disadvantaged coal in the future and taken a major step toward decarbonization.
Editor’s note for Tuesday, October 12, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Xi Jinping dials in to a UN meeting on biodiversity and announces major initiatives, including the establishment of China’s first batch of national parks; Harvard’s Chinese language program has relocated from Beijing to Taipei.
Beijing confronts the energy crisis, but nature gets in the way
A story from the SupChina A.M. newsletter. Sign up for free here.
How China will achieve carbon neutrality: The role of the emissions trading scheme and other reforms
“China, when it makes targets, is not unreliable in commitments,” said Michael Davidson, a leading scholar on China’s environmental policy. But that doesn’t mean the path to carbon neutral will be easy.
Coal is back as China ramps up funding
A story from the SupChina A.M. newsletter. Sign up for free here.
World's first 100,000-ton deep-sea semi-submersible oil platform ready for production in June
The world's first 100,000-ton deep-sea semi-submersible oil production and storage platform, China’s self-developed “Deep Sea No 1” energy station, has successfully completed installation of all equipment and is expected to start production at the end of June, China National Offshore Oil Corporation (CNOOC) said on Saturday.
Editor’s note for Friday, October 1, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: Power cuts continue to affect factories and residential areas; U.S. Trade Representative Katherine Tai set to unveil trade strategy on October 4; and two corruption cases advance, including that of former top cop Sūn Lìjūn 孙力军, who reportedly has some connection with Tencent.
China Coal Futures Surge to a New Record Amid Power Crisis
Coal prices surged again in China as the country grapples with shortages of the fuel and power curbs ahead of a week-long holiday.
China’s new infrastructure has carbon-intensive supply chains, Greenpeace says
New infrastructure includes 5G technology, AI, electric vehicles and high-speed railways, and could affect the country’s efforts to cut emissions.
How China’s energy crisis happened, in six steps
Rising demand for Chinese goods, climbing prices for coal, and a government campaign to reduce power consumption have collided — and caused an energy crisis in China. Here’s how it happened, and what might come next.
The three causes of China’s power outages
As many as 20 provinces in China are suffering from power shortages, leaving businesses and millions of residents affected by power rationing. Where did this crisis come from? David Fishman, China energy policy researcher and manager at the Lantau Group consultancy, gives a brief primer.
China’s Electricity Curbs Risk Wider Damage This Time
Beijing may eventually capitulate and take a step back on its emission control measures, but skyrocketing coal prices mean many Chinese power plants are operating at lower margins or even at a loss.
China’s Cnooc Plans Big Share Sale at Home as U.S. Delisting Looms
Cnooc plans to raise more than $5 billion from a domestic share sale as it faces a possible delisting of its U.S. securities.
China’s Gaming Body to Bar Local Games on Foreign Platforms
The agreement with over 200 domestic companies is aimed at controlling gaming addiction among young players.
China pledge to stop funding coal projects ‘buys time for emissions target’
China was lender of last resort for overseas governments seeking finance for coal projects
Chinese Tech Companies Vow to Tear Down Their ‘Walled Garden’
The country’s leading internet platforms are being pressured to allow posting of competitors’ links.
China taking the nuclear option in its drive towards carbon neutrality
Facing growing energy demand but needing to slash its reliance on coal, the country has rapidly expanded its nuclear capacity.
U.S., Europe Seek to End Export Financing for Coal
The proposed ban is part of the West’s campaign to push China, India and other big developing countries to take a tough position against coal ahead of the November climate summit in Glasgow, Scotland.
China pumps up hydropower storage plans to meet climate commitments
After failing to meet 2020 target for pumped storage, Beijing aims to double capacity in the next five years.
Global windfarm installations expected to surge after Covid drop, says report
Offshore energy boom in China will grow world’s windfarm capacity by more than 12GW in 2021
China ‘tells US envoy John Kerry it will follow its own climate road map’
Source says the sides did not reach agreement and China has its own plans on climate matters, after talks Beijing describes as ‘candid, in-depth and pragmatic’.
Visualizing Life Inside China’s Tech Bubbles
Two Beijing-based artists on how they brought the isolation at the heart of China’s Silicon Valley to life.
China turns on world’s second-largest hydropower plant in Sichuan
Days ahead of the centennial of the Chinese Communist Party, a massive showpiece of Chinese engineering began cranking out electricity in Sichuan Province. Baihetan Hydropower Station won’t be fully operational for another year, but its opening ceremony was heralded by Party leadership and state media.
U.S. bans some Xinjiang-produced solar products over forced labor allegations
Citing “information reasonably indicating” the use of forced labor, the U.S. placed an import ban on Xinjiang-based Hoshine Silicon Industry Company. Several other Chinese solar companies were also blacklisted.
U.S. and China commit to ‘taking enhanced climate actions’ after Kerry’s negotiations in Shanghai
China appeared to accept U.S. climate envoy John Kerry’s proposition that climate change be treated as a standalone issue in relations, nearly three months after dismissing the possibility. But will the words of a new joint statement translate into action?
