16:56 2023.09.19

Cross-border electricity trade between China and ASEAN countries

In the past 20 years, China and ASEAN cooperation in the field of energy and power has yielded fruitful results, China Southern Power Grid Company released data on the 17th, China Southern Power Grid through the ASEAN national grid connected to achieve a cumulative cross-border two-way power trade of nearly 70 billion KWH. In 2004, China Southern Power Grid Corporation connected the first cross-border line, officially opening the electricity interconnection between China and ASEAN countries. As of the end of August this year, the Southern Power Grid has been connected to the grid of ASEAN countries, and has achieved a cumulative cross-border two-way power trade of nearly 70 billion KWH, of which more than nine percent has become clean energy. According to reports, in the past 20 years, China Southern Power Grid has invested in more than 30 energy projects in ASEAN countries such as the Philippines, Vietnam, Laos, Myanmar and Cambodia. At the same time, the connotation of energy cooperation between China Southern Power Grid Corporation and ASEAN countries has been continuously enriched. Through technical exchanges and other means, China Southern Power Grid has trained more than 700 middle and high-level power technology and management personnel from ASEAN countries, and funded nearly 200 students from ASEAN countries. Editor/Xu Shengpeng

17:16 2023.09.15

China (West) Hydrogen energy Conference 48 enterprises concentrated signing

From September 14 to 15, the China (West) Hydrogen Energy Conference was held in Yulin, Shaanxi province. At the opening ceremony of the conference, Yulin City government and Xi 'an Jiaotong University signed a strategic cooperation agreement, and then held a centralized signing ceremony, and 48 projects in the hydrogen energy industry chain signed important cooperation results on site, with a total investment of 33.28 billion yuan. Among them, as one of the earliest investment institutions in the new energy field, XICO Holding and a number of hydrogen-related investment enterprises debuted this signing. As an important part of the conference, the signing ceremony of the conference has attracted the attention of the industry inside and outside, it is reported that the conference signed a total of 48 projects, Introduced by Shaanxi provincial and municipal governments and provincial enterprises, including Xi 'an Jiaotong University, Technical Institute of Physics and Chemistry, Chinese Academy of Sciences, The Sixth Research Institute of China Aerospace Science and Technology Corporation, China Communications Group, Guodian Investment Group (Shaanxi Company), Vision Group, petrochina (Shaanxi Company), Sike Holdings, Zhongke Fuhai, Lean Chemical, Hedrisen and other universities and institutions, industrial groups, industrial funds, hydrogen innovation enterprises and well-known consulting and planning companies in the field of hydrogen energy. The scope of cooperation includes hydrogen core technology research, hydrogen equipment manufacturing, hydrogen energy application demonstration, etc., covering the whole chain of hydrogen energy industrialization development such as hydrogen production, hydrogen storage, hydrogenation, hydrogen transport, and hydrogen use, and promoting the development of China's hydrogen energy industry with western power. Editor/Xu Shengpeng

16:49 2023.09.14

G20 Summit: Pledge to triple global renewable energy generation by 2030

According to foreign media reports, the Group of 20 (G20), which accounts for 85% of global GDP and 80% of carbon emissions, announced at the G20 summit that it plans to accelerate the reduction of coal-fired power generation, taking into account the unique circumstances of each country. However, there is no commitment to completely phase out polluting fossil fuels, including oil and gas. Recognizing the urgency of the global climate, the G20 stressed the need to rapidly and significantly reduce global greenhouse gas emissions, by 43 percent by 2030 from 2019 levels, to limit global warming to 1.5 degrees Celsius. However, they expressed concern that current efforts are still insufficient to meet the goals of the Paris Agreement. To support developing countries' climate plans, the G20 called for $5.9 trillion in funding by 2030. In addition, they estimate that global investment in developing clean energy will need to be about $4 trillion per year by 2030 to achieve net-zero emissions by 2050. Leaders urged a dramatic increase in climate finance from billions of dollars to trillions of dollars. Editor/Xu Shengpeng

17:14 2023.09.13

The world's first hydrogen energy smart track is officially running in Malaysia

On the afternoon of September 6, local time in Malaysia, the world's first hydrogen energy smart tram independently developed and manufactured by CRRC Zhuzhou officially debuted in Malaysia, and opened a trial run in Kuching City, Sarawak, becoming the most beautiful scenery on the streets of Kuching on the day. It is reported that the train departed Zhuzhou, Hunan province, on July 14, and completed assembly and commissioning at a Malaysian port on August 21. The first phase will run along the Jalan Keruing Loop in Kuching City. In early November, it is planned to go to Samarahan to test different road conditions. The total test time will be three months. During this period, the local government will collect data to the maximum extent possible, assess the feasibility of the road and identify other potential problems to ensure that the Smart Rail will better serve the people of Kuching when it comes into operation and bring convenience to the local public transport. Editor/Xu Shengpeng

17:14 2023.09.13

Powerchina signed the first spot power transmission and transformation project

Under the brand of Sinohydro, PowerChina Argentina Representative Office and the Management Committee of the Argentine Federal Electric Transportation Trust Fund (CAF) officially signed the contract for the Augustin-Campo Quijano 132KV transmission line and substation project in Salta Province, Argentina. The project is the first spot power transmission project of the Argentine Federal Transmission Plan. Gustavo Saenz, Governor of Salta Province of Argentina, Flavia Royong, Secretary of the State of Energy, Santiago Ianotti, Deputy Secretary of Power Energy, and Tu Level, national representative of China Power Construction Argentina, attended the signing ceremony. The project is located in the province of Salta in northern Argentina, and the construction content is to build two 24km single circuit and a 10km double circuit 132 kV line and supporting substation in Salta province, and upgrade and maintain the existing line. As part of the national High voltage transmission and transformation upgrade Plan and the first project of the Federal Electric Transportation Plan, the project assumes important responsibility for improving Argentina's electric transportation, which will help meet Argentina's growing energy demand and promote the sustainable development of the local economy. Editor/Xu Shengpeng

16:39 2023.09.05

About 1.3 trillion yuan of local government bonds were issued in August

In order to better exert the effect of investment to stabilize growth, the central government required local governments to accelerate the issuance of bonds, and the issuance of local government bonds reached the peak of the year in August. According to public bond issuance data, the scale of local government bond issuance across the country in August 2023 was about 1.3 trillion yuan, a new high for the year, which was mainly due to the significant acceleration of new special bond issuance. In the first eight months of 2023, the scale of local government bonds issued nationwide was about 6.3 trillion yuan, a slight increase (3%) over the same period last year, and a record high for the same period. Editor/Xu Shengpeng

16:39 2023.09.05

The 2023 China International Intelligent Industry Expo signed 84 major projects

On the afternoon of September 4, 2023 China International Intelligent Industry Expo major investment projects concentrated signing activities were held in Chongqing Yuelai International Convention and Exhibition Center, Chongqing signed 84 major projects, the formal contract amount of 213.86 billion yuan, signed 5 billion yuan - 10 billion yuan projects 11, 10 billion yuan more than 5 projects. Among them, in 2023, focusing on the annual theme of intelligent net-connected new energy vehicles, 19 projects in the field of intelligent net-connected new energy vehicles were signed, with a formal contract amount of 68.8 billion yuan, accounting for 32.2% of the total contract amount. The smart Expo will strengthen the market orientation and provide services for the chain extension and chain expansion of the main chain enterprises in the city. A total of 13 B2B projects have been signed with a formal contract amount of 31.12 billion yuan, covering the fields of intelligent networked new energy vehicles, biomedicine, software information services, new energy and new energy storage. Editor/Xu Shengpeng

17:20 2023.08.28

Xinjiang has actively developed photovoltaic industrial parks

To build a new development pattern, promote high-quality development and promote Chinese-style modernization, Xinjiang faces new opportunities and needs to make new achievements. Based on the resource endowment, geographical advantage and industrial foundation, we should vigorously promote scientific and technological innovation, foster and expand industries with distinctive advantages, actively develop emerging industries, accelerate the construction of a modern industrial system that reflects Xinjiang's characteristics and advantages, push Xinjiang onto the track of high-quality development, and work with the rest of the country to comprehensively build a modern socialist country. To achieve social stability and high-quality development in Xinjiang, the most arduous task is in rural areas. We need to do a good job of providing support to the other side, strengthen industrial cooperation and personnel exchanges between Xinjiang and the mainland, encourage and guide people from Xinjiang to work in the mainland, and encourage and support people from the mainland to start businesses and live in Xinjiang. It is necessary to give full play to Xinjiang's unique geographical advantages, actively serve and integrate into the new development pattern, do a good job in opening up from the actual situation, speed up the construction of the core area of the Belt and Road, and make Xinjiang a bridgehead for China's westward opening up. Editor/Xu Shengpeng

16:55 2023.08.24

Gulf states are eyeing green hydrogen

After decades of oil and gas booms, Gulf states are now targeting "green" hydrogen as they try to transform their economies into non-oil revenue sources and ease the climate crisis. Oil producers Saudi Arabia, the United Arab Emirates and Oman are investing heavily in the climate-friendly fuel as they seek alternative sources of revenue from crude oil and natural gas. Green hydrogen, hydrogen produced by electrolysis of water from renewable energy, seems to solve many problems: it is low in pollution and has a wide range of potential uses, which could make it both profitable and protective of the planet at the same time. But the fuel, which currently accounts for less than 1 percent of total global hydrogen production, is not yet commercially viable, requiring a massive expansion of renewable energy use - a process that could take years. Nevertheless, the Gulf states still have the opportunity to play a major role in the energy market due to the decline in oil revenues. Most hydrogen today is produced from polluting fossil fuels, but green hydrogen is extracted from water using renewable energy sources such as wind, solar and hydropower. While fossil fuels produce harmful greenhouse gases when burned, hydrogen only releases water vapor. It has been touted as a potential use in highly polluting industries such as transport, shipping and steel. Editor/Xu Shengpeng

16:38 2023.08.18

Renewable energy generation could meet 60% of Nigeria's energy needs by 2050

The study shows that Nigeria currently has only 4GW of installed capacity of fossil fuel generation facilities and hydroelectric power facilities in operation. It is estimated that to fully provide electricity to its 200 million people, the country would need to install about 30GW of power generation facilities. According to the International Renewable Energy Agency (IRENA), Nigeria will have only 33MW of grid-connected PV system capacity by the end of 2021. While the country's photovoltaic irradiance ranges from 1.5MWh/m² to 2.2MWh/m², why is Nigeria rich in photovoltaic power generation resources but still constrained by energy poverty? The International Renewable Energy Agency (IRENA) estimates that renewable power generation facilities could meet 60% of Nigeria's energy needs by 2050. Currently, 70 percent of Nigeria's electricity is provided by fossil fuel power plants, with most of the remainder coming from hydropower facilities. Five major power generation companies dominate the country, with the Nigeria Transmission Company being the sole transmission company responsible for the development, maintenance and expansion of the country's transmission network. The country's power distribution companies have been fully privatized and the electricity produced by the generation companies is sold to the Nigerian Bulk Electricity Trading Corporation (NBET), the country's only bulk electricity trader. Power distribution companies buy electricity from generation companies by signing power purchase agreements (PPA) and sell it to customers by awarding contracts. This structure ensures that power generation companies get a guaranteed electricity price no matter what happens. But there are fundamental issues that also affect the adoption of PV as part of Nigeria's energy mix. Editor/Xu Shengpeng

16:38 2023.08.18

In the first July, 161.2 billion yuan was invested in solar power generation

On August 17, the National Energy Administration released the statistics of the national power industry from January to July. By the end of July, the country's cumulative installed power generation capacity was about 2.74 billion kilowatts, an increase of 11.5% year-on-year. Among them, the installed solar power capacity of about 490 million kilowatts, an increase of 42.9%; The installed capacity of wind power was about 390 million kilowatts, up 14.3 percent year on year. Previous data showed that as of the end of June, the cumulative installed power generation capacity of the country was about 2.71 billion kilowatts, an increase of 10.8%. Among them, the installed capacity of solar power generation was about 470 million kilowatts, an increase of 39.8%. The installed capacity of wind power was about 390 million kW, up 13.7 percent year on year. After the two data are set off against each other, it can be seen that the installed capacity of photovoltaic in July is 20 million kilowatts. It accounted for two-thirds of the new power generation installed in July alone. From January to July, the cumulative average utilization of power generation equipment in the country was 2079 hours, 54 hours less than the same period last year. Among them, 1,578 hours of hydropower, 523 hours less than the same period last year; 780 hours of solar power generation, 42 hours less than the same period last year; Wind power 1,416 hours, an increase of 112 hours over the same period last year; Nuclear power 4,440 hours, 100 hours more than the same period last year; 2,573 hours of thermal power generation, an increase of 96 hours over the same period last year. From January to July, the major power generation enterprises in the country completed investment of 401.3 billion yuan in power supply projects, an increase of 54.4%. Among them, solar power generation was 161.2 billion yuan, up 108.7% year-on-year; Nuclear power reached 43.9 billion yuan, up 50.5% year on year. The investment in power grid projects was 247.3 billion yuan, up 10.4% year on year. Editor/Xu Shengpeng

17:04 2023.08.17

The energy crisis has driven the growth of photovoltaic demand in Germany

Affected by the conflict between Russia and Ukraine, the energy crisis facing Germany, on the one hand, has increased people's concerns about the safety and security of energy supply, and on the other hand, it has rapidly pushed up inflation, making people's lives more stressful. Easing pressure on energy prices and the desire to ensure stability of supply are the main drivers for people to consider solar power. According to the average annual electricity consumption of a family of four in Germany is 4,500 KWH, if you choose to install a rooftop photovoltaic system with an annual power generation of 4,000 KWH in early 2022, as of August 2023, the use of solar power is about 70% cheaper than the public grid. Editor/Xu Shengpeng

17:42 2023.08.16

National Energy Group: photovoltaic construction exceeded 8GW during the year

As of August 11, the National Energy Group had started 10.4 million kilowatts of power projects during the year, and put into operation 11.38 million kilowatts of power installed capacity, a record high for the same period. Photovoltaic installed capacity exceeded 20 million kilowatts, Ningxia Zhongwei phase I "Shage famine" project, Ningdong composite photovoltaic, Qinghai Daqaidan and other large base projects were put into full capacity, and the scale of offshore wind power exceeded 4 million kilowatts. Since the beginning of this year, the National Energy Group's infrastructure projects have been promoted at a high speed and on a large scale, with the goal of building a world-class clean and low-carbon energy leader, and vigorously implementing the "four guarantees and one" development path. The power supply projects started are all new energy. Among them, wind power projects started 2.31 million kilowatts, photovoltaic projects started 8.09 million kilowatts. New energy is the main force of new power supply projects, accounting for more than 50% of installed capacity. Since the beginning of this year, the national energy Group has connected a number of photovoltaic projects to the grid. Editor/Xu Shengpeng

17:42 2023.08.16

Xinjiang state-owned enterprises step up new energy struggle

On August 11, Lixin Energy announced that according to the "Xinjiang New Energy (Group) Co., Ltd. issued by the controlling shareholder Xinjiang New Energy (Group) Co., Ltd. on the proposed overall merger and reorganization of the Advisory Announcement" was learned that with the consent of the People's Government of Xinjiang Uygur Autonomous Region, Xinjiang New Energy and Xinjiang Energy (Group) Co., Ltd. plan to merge and reorganize to form a new Xinjiang Energy (Group) Co., LTD. The restructured and merged Xinjiang Energy Group has a registered capital of 20 billion yuan and total assets of nearly 48 billion yuan. On August 13, 2023, Xinjiang Tianfu Energy Co., Ltd. issued an announcement saying that it received a notice from the controlling shareholder Tianfu Group that it was informed that according to the "Approval of the General Office of the Xinjiang Production and Construction Corps on the establishment of Zhongxin Power Group Co., LTD." issued by the General Office of the Xinjiang Production and Construction Corps (Recruit Letter No. 2023) 40), Tianfu Group, State-owned Assets Supervision and Administration Commission of Xinjiang Production and Construction Corps and State-owned Capital Investment and Operation Group Co., LTD., 7th Division of Xinjiang Production and Construction Corps signed the Framework Agreement on Asset Restructuring and Capital Investment for the Establishment of a New Company. Editor/Xu Shengpeng

17:36 2023.08.14

Chinese companies participate in the signing of Guinea iron ore railway

Transguinean company CTG(la Compagnie du TransGuineen) has signed an agreement with the government of Guinea for the construction of port and rail infrastructure at the Simandou Iron ore mine, marking a decisive step in the development of the Simandou project, one of the largest iron ore mines in the world. The Simandou iron ore mine, located in Kailuane Province in southeastern Guinea, is the world's largest and highest quality undeveloped iron ore deposit, with an initial annual capacity of 120 million tons of high-quality iron ore. Due to its geographical location, the development of the mine requires the construction of more than 600 kilometers of railway across the east and west of Guinea, as well as ports and other infrastructure along the western coast. The Guinean government has said that any mine developer would have to build a railway across the country to ensure that iron ore mined at Simandou is exported from Guinea's own ports, greatly increasing the cost of mine development. Editor/Xu Shengpeng

17:27 2023.08.10

From January to July, China Railway completed a fixed 1.3 billion yuan

China Railway official micro news on August 10, 2023 from January to July, the national railway completed fixed asset investment of 371.3 billion yuan, an increase of 7%. In particular, in July, quality improvement projects such as the Xining to Golmud section of the Qinghai-Tibet Railway and the Lanzhou to Xining section of the Lanzhou-Xinjiang high-speed Railway were put into operation, providing new routes and new options for summer travel by train. Editor/Xu Shengpeng

17:27 2023.08.10

It is expected that the share of solarneration will increase to 22.5% by 2030

The report shows that from 2020 to 2030, the proportion of new energy will gradually increase, but coal power will still be the main body. Wind power, solar power and other new energy is developing rapidly, but coal power still occupies a dominant position, and the proportion of wind power generation is expected to increase from 9.3% in 2020 to 22.5% in 2030. The share of coal power will fall from 61.3 percent in 2020 to 47.5 percent in 2030. Editor/Xu Shengpeng

17:07 2023.08.09

In July, 12,606 excavators were sold, down 29.7 percent year-on-year

According to the statistics of the China Construction Machinery Industry Association on the main manufacturers of excavators, 12606 excavators of all kinds were sold in July 2023, down 29.7% year-on-year, including 5112 domestic excavators, down 44.7% year-on-year; Exports were 7,494 units, down 13.8% year-on-year. From January to July 2023, a total of 121,424 excavators were sold, down 24.6% year-on-year; Among them, 56,143 were domestic, down 44.1% year-on-year; Exports were 65,281 units, an increase of 7.62%. Editor/Xu Shengpeng

16:54 2023.08.07

More than 5 trillion yuan of local government debt has been issued in 2023

China Bond Information Network and other public information shows that as of August 4, a total of 5,236.661 billion yuan of local bonds have been issued this year, of which 485.582 billion yuan of new general bonds, 2,613.378 billion yuan of new special bonds, and 2,138 billion yuan of refinancing bonds. Industry insiders expect that as an important starting point for financial power in the second half of the year, local debt issuance will accelerate, and supply is expected to peak from August. Editor/Xu Shengpeng

16:24 2023.08.04

We will support the development of new land and sea routes in the western region

In order to fully implement the decision of the Party Central Committee to accelerate the construction of the western land and sea new channel, the General Administration of Customs within the scope of Customs responsibilities, recently introduced 15 key measures, mainly around the smooth logistics, help open up, cultivate industry, optimize the environment four aspects, better support the construction of the western land and sea new channel: better promote the smooth cross-border logistics channel. The new Land and Sea Corridor in the western part of China is a major international logistics corridor. The priority of the 15 routes we have introduced this time is to smooth cross-border logistics. Specific measures include: We will improve the facilitation of customs clearance for multimodal transport along the new land-sea Corridor in the West, facilitate the expansion and expansion of international railway combined transport, build a logistics linkage platform for the new Land-Sea Corridor in the West, promote connectivity between the new Land-Sea Corridor in the West and the China-Europe Railway Express and the Golden Waterway of the Yangtze River, and fully leverage the role of the New Land-Sea Corridor in connecting the Belt and Road and connecting the Yangtze Economic Belt. We will better create open highlands in the western inland. The new land-sea corridor in western China, as a major opening channel of the country, has changed the western region from the end of opening up to the front of opening up, and opened a new door for the construction of inland open highlands. This time, we have formulated 15 guidelines, which will also focus on promoting high-level opening-up in the western region. The main measures in this regard are: to provide support for the establishment of comprehensive bonded zones and bonded logistics centers, and to enhance the level of open platforms in the western region; We will promote synergy between the pilot free trade zones along the routes, support the replication and promotion of the customs supervision innovation system in the pilot free trade zones, and promote the superposition and mutual enhancement of the open platform and the new land and sea corridor in the West. Editor/Xu Shengpeng

16:59 2023.08.03

Guangzhou: Support private investment in major projects

According to the Guangzhou Municipal government website on August 2, Guangzhou issued several measures to promote the development and growth of the private economy in Guangzhou. Support for private investment in the construction of major projects. Implement the "Guiding Opinions of Guangzhou on Supporting Social Forces to Participate in the Construction of Key Areas", comprehensively sort out the list of projects attracting private capital, publicly release it by relying on the online approval and supervision platform of investment projects in Guangdong Province, and carry out investment and financing cooperation docking through various ways such as holding project promotion meetings. Establish a database of key private investment projects, and recommend key private investment projects to relevant financial institutions in accordance with the idea of mature batch and recommended batch. We will promote the implementation of infrastructure industry development funds as soon as possible, and build a virtuous cycle of infrastructure investment, financing, management, and retirement. We will improve the management process of private investment projects, establish channels for reflecting and resolving private investment problems, and take multiple measures to stimulate the willingn

16:59 2023.08.03

From January to June, China's investment in new energy prached 5.2 trillion yuan

According to CINNO Research statistics show that from January to June 2023, China's new energy project investment amount is as high as 5.2 trillion yuan (including Taiwan), mainly flowing to wind power photovoltaic, the amount is about 2.5 trillion yuan, accounting for about 46.9%; The total investment amount of lithium battery is 1.2 trillion yuan, accounting for about 22.6%; The total investment in energy storage is 950 billion yuan, accounting for about 18.1%; The total investment in hydrogen energy exceeded 490 billion yuan, accounting for about 9.5%. Editor/Xu Shengpeng

17:13 2023.08.01

In the first half of 2023, Jiangsu's transpoueeded 133.5 billion yuan

On July 31, it was learned from the Jiangsu Provincial Department of Transportation that Jiangsu promoted the construction of high-quality transportation power pilot and transportation modernization demonstration area, and completed the investment of 133.52 billion yuan in transportation infrastructure construction in Jiangsu Province in the first half of the year, accounting for 66.7% of the annual investment plan, exceeding the schedule by 16.7 percentage points. The formation of Jiangsu in orbit accelerates. In the first half of the year, the completed investment of railway projects in Jiangsu Province exceeded 36 billion yuan, the highest level in the history of the same period. The pile foundation of the north main tower of the Chongqi Yangtze River Railway Bridge has been completed, the only single-tower cable-stayed bridge on the whole line of the Shanghai-Suzhou Lake Railway has been closed, and the first pile of the Yangzhou section of the Ningyangcheng Intercity Railway has been drilled... With the construction of Nanjing Shangyuanmen Railway crossing on June 30, 7 of the 9 newly started transportation infrastructure projects listed in the list of major projects in Jiangsu Province in 2023 have been started, with an operating rate of 78%. Expressways have been upgraded and expanded. At present, Jiangsu expressway reconstruction and expansion has entered the construction period of centralized acceleration, and the reconstruction and expansion project has been accelerated. The expansion project of the Taicang to Changzhou section of the Shanghai-Wuhan Expressway has started, and the expansion of the Pingchao to Guangling section of the Shanghai-Shaanxi Expressway is in accordance with the standard of the two-way four-change and eight-lane expressway. The construction of key nodes such as bridge structure, pavement base and middle and lower surface layer is being carried out in an orderly manner. Editor/Xu Shengpeng

17:13 2023.08.01

Up to now, the number of China-Europe freight trains in% year-on-year

At 10:18 on July 29, 2023, the X8020 China-Europe train set off from Yiwu West Railway Station and sounded its whistle for Madrid, Spain, marking that the total number of China-Europe trains in 2023 has reached 10,000, sending 1.083 million TEUs of goods, an increase of 27%. At 10:18 on July 29, the X8020 China-Europe train set off from Yiwu West Railway Station, sounding its whistle and heading for Madrid, Spain, marking that the total number of China-Europe trains in 2023 has reached 10,000, sending 1.083 million TEUs of goods, an increase of 27% year-on-year. The 10,000th China-Europe train in 2023 contains 110 TEU of goods, including small commodities, auto parts, photovoltaic modules, etc., which is a microcosm of the increase in the commodity categories and value of China-Europe trains in recent years, and the growth trend of high value-added and high-tech products. Since China's first China-Europe train departed from Chongqing Tuanjiecun Central Station in March 2011, by the first half of 2023, the total number of China-Europe trains has exceeded 73,000, sending 6.9 million TEUs of cargo. With more than 100 domestic departure cities reaching 216 cities in 25 European countries, China-Europe flights have injected a steady stream of vitality into world economic and trade exchanges. Editor/Xu Shengpeng

17:13 2023.08.01

National Energy Group: Accelerate the development of Tenggegy base projects

At the press conference of the key work in the first half of 2023, according to Huang Qing, spokesman of the National Energy Group, in the first half of the year, the National Energy Group started 8.54 million kilowatts of new energy, put into production 5.52 million kilowatts, and the scale of renewable energy under construction reached 39.81 million kilowatts, all of which hit a record high. Among them, the first phase of China's first Shagehuang new energy base project is fully connected to the grid for power generation. On April 26, 2023, the first phase of the new energy photovoltaic project of the National Energy Group in the Tengar Desert of Ningxia was officially put into operation, and the grid-connected capacity reached 1 million kilowatts, exploring a new path of new energy construction + sand desert ecosystem protection and restoration. After the project is connected to the grid, it can provide 1.8 billion KWH of clean electricity per year, which can meet the electricity consumption of 1.5 million households for a year. In 2023, the National Energy Group will accelerate the promotion of major projects, including the Yulin CTC project, Hami Energy Integrated Innovation Base, Tengger Base, Badain Jaran Base, Huanghua Port, Tianjin Port and Shuohuang Railway capacity expansion and transformation, offshore wind power. Editor/Xu Shengpeng

17:12 2023.08.01

NDRC said infrastructure investment is expected to rebounond half of the year

On July 31, 2023, The General Office of the State Council forwarded the notice of the National Development and Reform Commission on Measures to restore and expand Consumption. It is proposed to improve the policy of supporting the construction of consumer infrastructure. We will implement special investment policies to promote consumption, support the construction of consumer infrastructure, the upgrading of equipment, and the upgrading of key production lines, and include eligible projects in the scope of local government special bond support. Wu Youhong of the Chinese Academy of Macroeconomic Research said earlier that the executive meeting of The State Council talked about a number of policy measures to promote the sustained recovery of the economy, emphasizing that the policy measures with conditions should be introduced in a timely manner and implemented promptly, while strengthening the reserve of policy measures to maximize the comprehensive effect of policies. If counter-cyclical policy tools such as policy-oriented development financial instruments increase their strength, the growth rate of infrastructure investment is expected to pick up marginally in the second half of the year. Everbright Securities recently pointed out that the growth rate of infrastructure investment has maintained high growth, the prosperity is still at a high level, and stable growth is still the main tone of 23 years. Since the special estimate was put forward, the policy is effectively promoting the central enterprises to become bigger and stronger, for the construction central enterprises, its merger and acquisition restructuring resources integration, especially the group's internal unlisted high-quality assets securitization can be expected in the future. The continuous marketization of construction central enterprise groups is conducive to the improvement of management quality, and the current construction central enterprise plate has a higher cost performance after the early correction. Editor/Xu Shengpeng

17:12 2023.08.01

Design of high-speed rail along the North River approved

On July 28, it was learned that the preliminary design of the North Yanjiang high-speed railway has been jointly approved by the National Railway Group, the Shanghai Municipal Government, the Jiangsu Provincial government and the Anhui Provincial government, marking the significant progress of the construction of the project and laying a solid foundation for the upcoming construction. The main line length of the project is 553.762 km, the design speed is 350 km/h, the starting point is located in Shanghai, the end is in Hefei, Anhui province, the whole line is set up Shanghai Baoshan, Taicang, Chongming, Qidong West, Haimen North, Nantong, Rugao West, Huangqiao, Taizhou South, Yangzhou East, Yizheng North, Nanjing North, Chuzhou, Dashu, Feidong, Hefei South and other 16 stations. The North Yangtze River high-speed Railway is the backbone line of the Yangtze River passage and an important part of the coastal and Beijing-Shanghai auxiliary passage of the "eight vertical and eight horizontal" railway network planning. Editor/Xu Shengpeng

17:07 2023.07.31

6,900 kilometers! Chongqing expressway network planning announced

Recently, the Chongqing Municipal government approved the "Chongqing Expressway Network Plan (2023-2035)", in accordance with the idea of enhancing national channels, encrypting Chengdu-Chongqing connections, and improving the municipal network to optimize the road network layout, planning a new expressway mileage of 1,300 kilometers, and strive to reach about 6,900 kilometers by 2035, the city's expressway network scale. By 2050, the scale of the expressway network will reach about 8,500 kilometers, forming a four-ring 22-shot 60-line expressway network layout. On the basis of the layout of the three-ring and 18-shot multi-link expressway network in the 2019 edition, a ring expressway is encrypted between the three-ring expressway and the ring expressway to form a four-ring pattern; Four new radial expressways were added to strengthen the resilience of the east-west national expressway network and strengthen the link between Chengdu-Chongqing dual-core cities. The original branch expressways and urban loop expressways will be uniformly adjusted to connect. After adjustment, 4 ring lines are about 1,047 kilometers, 22 rays are about 3,354 kilometers, 60 connecting lines are about 4,100 kilometers, and 20 original road widening projects are about 1,688 kilometers. Editor/Xu Shengpeng

17:07 2023.07.31

Saudi Arabia plans to add about 17GWe of nuclear power capacity by 2040

Clean energy generation, such as solar and wind, dominates Saudi Arabia's net-zero emissions plan by 2060, while the country is also slowly starting its nuclear energy program. Saudi Arabia, the world's largest crude oil exporter, plans to add about 17 GWe of nuclear power capacity by 2040 and plans to put two reactors with a total capacity of 3.2 GWe into operation over the next 10 years. Saudi Arabia's plans, while nascent, have received a boost, with the kingdom saying in its budget released in February 2023 that it had developed two 1.4GWe class reactors as part of the first phase of its atomic energy program. Consulting and accounting firm EY has been hired to advise on the deal for the project, which has accepted bids, the budget shows. The Saudi Energy Ministry did not comment on the status of the project. While the Saudi government manages a complex relationship with the oil world, the nuclear power plan has attracted significant interest from nuclear companies, financial firms and global policy makers.Russian officials have said publicly that Rosatom submitted a bid to develop a reactor in Saudi Arabia, but the kingdom has yet to announce a preferred bidder for the first nuclear power project. Other suppliers, including Korea Hydro and Nuclear Power Corp, are also reportedly in talks with Saudi Arabia. Editor/Xu Shengpeng

17:07 2023.07.31

Germany's national hydrogen strategy unveiled

The German government adopted a new version of the National Hydrogen Strategy on July 26, 2023. According to the strategy, Germany's leading position in hydrogen technology will be further enhanced by 2030, and the supply of products will cover the full value chain of hydrogen technology, from production (such as electrolyzers) to various applications (such as fuel cell technology). According to the new National Hydrogen Strategy, it is expected that by 2030, Germany's hydrogen energy demand will reach 130 terawatt hours (TWh), of which 50% to 70% will need to be imported, and the German government is developing relevant import strategies. In addition, Germany also plans to significantly increase its domestic electrolytic hydrogen capacity, with plans to double the target for domestic electrolytic hydrogen capacity from 5 gigawatts (GW) to at least 10 GW by 2030. Germany will also build an efficient hydrogen infrastructure, with plans to retrofit and build more than 1,800 kilometers of hydrogen pipelines by 2027/2028. Editor/Xu Shengpeng