China says a third of electricity will come from renewables by 2025
China will aim to ensure that its grids source about 33% of power from renewable sources by 2025, up from 28.8% in 2020, the state planning agency said on Wednesday Continue Reading
China’s exports suffer reversal of fortune as world shakes off Covid lockdowns
In 2020 and 2021, when the coronavirus pandemic forced much of the world’s population to spend more time at home, Chinese exports of laptops recorded double-digit percentage growth. The boom Continue Reading
Covid-weary Americans enter Memorial Day with little effort to contain a still-raging pandemic
For the third year, Americans are greeting the unofficial start of summer shadowed by the specter of the coronavirus amid rising covid-19 cases and hospitalizations across the country. The United States is Continue Reading
Sri Lanka Inflation Jumps Close to 40% as Shortages Persist
Sri Lanka’s headline inflation quickened more than expected in May amid continuing food and fuel shortages, even as the country struggles to lift itself out of its worst economic crisis. Continue Reading
India plans to reduce power output from 81 coal plants, replace with green energy
Plans to help save 34.7 million mt coal Estimated carbon emission reduction by 60.2 mil mt Move aimed at meeting green energy targets India’s federal power ministry plans to reduce Continue Reading
China to halve purchase tax for small-engine cars
China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by Continue Reading
Decline in China’s factory activity slows as COVID curbs ease
China’s factory activity fell at a slower pace in May as COVID-19 curbs in major manufacturing hubs eased, but movement controls continued to weigh on demand and production, raising concerns Continue Reading
China announces detailed stimulus measures to support virus-hit economy
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemic-ravaged economy, adding it will inspect how provincial governments implement Continue Reading
Shanghai moves toward ending 2-month COVID-19 lockdown
Shanghai authorities say they will take some major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown that has throttled the national economy and largely bottled up Continue Reading
China’s Economic Downturn Shows Signs of Easing
Economic activity in China declined for a third straight month in May, though at a slower pace than in April, according to surveys of businesses and factories. But while the Continue Reading