Simultaneously the largest consumer of coal and the biggest investor in renewable energies – China’s energy policy is ambivalent. The People’s Republic consumes by far the most coal in the world. But China is also expanding renewable energies faster than any other country. In 2020 and 2021 alone, China will have installed three times more […]
this week there is good news from China on the subject of climate protection. According to a group of well-known energy analysts, China could reach the peak of its CO2 emissions earlier than targeted in its own climate goals. Instead of 2030, this “peak” could even be reached as early as 2025. The rapid expansion […]
China’s Jiangsu Province will provide financial support to companies regarding maternity leave. Companies will receive subsidies for paying insurance premiums for female employees during their second and third maternity leaves, the South China Morning Post reports. According to the report, authorities will reimburse 50 to 80 percent of social security payments for women who have […]
A new Covid Omicron subvariant has been detected for the first time in China. The variant, named BA.2.12.1, was recently detected and is considered to be more immune-resistant and transmissible than other Omicron variants. According to authorities, the subvariant was first found in a 27-year-old Chinese man who entered the country from Kenya, as reported […]
China’s authorities have issued a warning of severe flooding during the upcoming wet season. The north and south of the People’s Republic could be hit as hard as last year, reports the National Climate Center. Last year, some regions experienced torrential rains and flooding of entire cities. Hundreds of people died. Larger areas of arable […]
China has postponed the extension of its national emissions trading scheme (ETS) to the cement, steel and aluminum sectors until 2023. Trading of emission allowances for these three sectors is not even scheduled to start until 2025. The reason given is “data quality problems”.Only fossil-fuel power plants, mostly coal-fired piles, are required to participate in […]
China’s authorities plan to tighten entry and exit regulations. The government will severely restrict “unnecessary” outbound activities by Chinese citizens, the National Immigration Administration announced. The issuance of passports is to be more tightly controlled, Caixin reported. More precise details were not provided. According to the authorities, these measures are intended to curb the Covid […]
Joe Biden will soon embark on his first visit to Asia as US president. His first stops will be his close allies Japan and South Korea. Yesterday, he already welcomed the heads of state and government of the ASEAN group at a special summit in Washington. China’s leaders will be keeping a keen eye on […]
Real estate developer Sunac China can no longer meet its payment obligations, the group announced on Thursday. The company has failed to service interest payments on an overseas bond, Nikkei Asia reports.Delays had already occurred last month. Now, after a 30-day deadline, Sunac had to announce the default. At issue are the interest payments on […]
China has urged provinces to ensure power supplies to enterprises. During a State Council meeting, Premier Li Keqiang said power outages should never be tolerated. The southern provinces called on coal-fired power plants to continue stockpiling. The backdrop is a projected increase in power demand at the end of the month should regional lockdowns end. […]