EV to help China become leading vehicle export power
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MG, short for Morris Garages, a vehicle brand owned by SAIC Motor Corporation Limited
Ships loaded with 10,000 MG4 electric vehicles left Shanghai's Haitong port for Europe on Tuesday, marking China's largest single shipment of EVs bound for overseas markets.
In the fourth quarter, the hatchback is expected to be sold in around 20 major nations on the continent. By 2023, it will be available in some 80 countries around the world, said SAIC President Wang Xiaoqiu on Tuesday at the model's launch ceremony in Shanghai.
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China's shipbuilding sector continues to top world market
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On April 13, the Bacalhau floating production, storage, and offloading vessel hull and living building project (FPSO-8) built by DSIC, a subsidiary of China State Shipbuilding Corporation, successfully completed the docking!
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Bike-sharing boosts China' green goals
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Meituan and Hallo shared bikes at Zhoujiazhuang North Road of Beijing on 16th Sep 2022.
China's popular bike-sharing is helping achieve the country's green goals as the pedaling activity contributes to carbon reduction.
Over the past year, users of shared bicycles and e-bikes via internet platform Meituan have saved 436,500 tonnes of carbon dioxide by cycling, the company said in a report released ahead of World Cycling Day.
Chinese companies rush into battery-swap business
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EV Charging Station of Xpeng.
With more cities releasing policies on new energy vehicle battery swapping, the sector is expected to usher in a boom and better support the development of NEVs.
Earlier this month, Chongqing in Southwest China released their NEV battery swapping pilot plan, saying that the city will set up more than 200 battery-swap stations and promote more than 10,000 NEVs capable of battery swapping by 2023.
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Chinese auto brands speed ahead of foreign brands in local market
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Green energy auto - Ora of Great Wall Motors is designed for female auto owners.
Chinese vehicle marques are seeing rising popularity among local customers, primarily driven by their quick response to market demands and their leading position in the new energy vehicle segment.
Last month, sales of sedans, SUVs and MPVs from Chinese carmakers totaled 551,000 units. Despite a 23.3 percent fall from the same month in 2021, which was the result of recent COVID-19 outbreaks, their market share moved up to 57 percent.
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RMB expected to stay stable
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The long-term stability and value of the Chinese yuan and its status as a rising international currency remain solid despite the currency's recent weak performance against the US dollar, officials and currency experts said.
Wang Chunying, deputy head of the State Administration of Foreign Exchange, said that the recent depreciation of the yuan is a short-term change and did not alter the behavior of the yuan in registering two-way fluctuations while staying largely stable at a reasonable level.
China's policy bank provides 197.3 bln yuan in green loans in Q1
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Joint debut of low-carbon bank card in Guangdong province on May 2nd 2022.
The China Development Bank, one of the country's policy banks, has provided 197.3 billion yuan (29.8 billion U.S. dollars) in green loans in the first quarter of the year.
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China's power consumption likely to rise 5-6 pct in 2022
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China's power consumption is expected to rise between 5 percent and 6 percent in 2022, according to a report from the China Electricity Council.
Uncertainties such as the COVID-19 epidemic both at home and abroad, international situations and temperatures in the summer and the winter will affect the country's power consumption, the report said.
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Luosifen sales soar demonstrating economic resilience
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Luosifen, an iconic dish from the southern Chinese city of Liuzhou and known for its pungent smell, registered remarkable growth in sales and exports despite global economic uncertainties and resurgences of COVID-19 infections.
The smelly yet tasty dish, listed as an intangible cultural heritage of Guangxi in 2008, is made from pickled bamboo shoots, dried white radish, fried peanuts, fried tofu skins and served in a spicy noodle broth flavored with river snails.
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Oppo launches latest gaming smartphone K10 2022
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Chinese smartphone brand Oppo has unveiled its latest handsets K10 series, as it steps up efforts to attract gaming enthusiasts.
The move is part of Oppo's broader push to expand its presence in the Chinese smartphone market amid stiff competition. Oppo is also opening its all sales channels in China to another Chinese smartphone brand OnePlus, after the two got merged last year.
Huawei unveiled new foldable smartphone Mate Xs2 2022
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Huawei Technologies Co has unveiled its latest foldable smartphone, Mate Xs2, on Thursday night as the Chinese tech heavyweight aims to increase its appeal to consumers through new technology upgrades.
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Former president of China Merchants Bank under investigation
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Tian Huiyu, former president of China Merchants Bank, has been under disciplinary and supervisory investigation, an official statement said Friday.
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Shadeed Abdulmateen Got Death Sentence in China for Killing Ex-Girlfriend
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U.S. national Shadeed Abdulmateen has been sentenced to death for the 2021 murder of his former Chinese girlfriend near a bus stop, a court in east China announced on Thursday.
According to the Ningbo Intermediate People’s Court in Zhejiang province, the American citizen met his victim, a 21-year-old woman identified only by her last name Chen, in early 2019. Abdulmateen “falsely claimed to be divorced and single,” before gradually establishing a relationship with Chen.
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