China reopening: US$87 billion may end up in the stock market from household savings built up during Covid lockdown, UBS says (SCMP)
2023-03-03

Climate change halts Swiss winter festival in which single males fling flaming discs at their village in a declaration of love (SCMP)
2023-03-02

 ^ top ^

New megaprojects in Africa show Chinese finance skews to commercial market amid Beijing’s lending slowdown (SCMP)
2023-03-03

China willing to join multilateral debt-relief efforts to help poor nations, Li Keqiang tells IMF head (SCMP)
2023-03-02

Senior Chinese diplomat meets delegation of Brazilian Workers' Party (Xinhua)
2023-03-02

China-Australia trade officials hit ‘snag’ as they begin meetings, with talk of wine, lobsters and logs (SCMP)
2023-03-02

Belarus backs China’s Ukraine peace plan – despite Western skepticism (SCMP)
2023-03-01

Passengers from multiple countries allowed to board direct flights to China with antigen tests: embassies (GT)
2023-03-01

How the EU-China relationship became a casualty of Russia’s war in Ukraine (SCMP)
2023-03-01

China will contribute to global human rights governance: Chinese FM (Xinhua)
2023-02-28

China urges US to drop sanctions on companies (China Daily)
2023-02-28

Coronavirus: China hits back at US for stirring up lab leak theory on Covid-19 origins (SCMP)
2023-02-27

A shifting international landscape does not affect China-Russia mutual political trust, says Russian Ambassador to China (GT)
2023-02-27

^ top ^

Xi calls on Party schools to stay committed to nurturing talent, contributing wisdom (Xinhua)
2023-03-02

China’s cyberspace watchdog aims to ‘clean up’ the internet and fight ‘hostile forces’ (SCMP)
2023-03-02

Party plenum highlights institutional reform (China Daily)
2023-03-01

Local governments' fiscal situation to improve in 2023: finance minister (GT)
2023-03-01

China ‘two sessions’ 2023: Xi Jinping vows ‘forceful’ overhaul of finance and technology sectors (SCMP)
2023-02-28

China to set up 20 more national medical expert teams to enhance response to public health emergencies (GT)
2023-02-28

China raises status of international law studies in push for home-grown global expertise (SCMP)
2023-02-28

Political advisors gathering in Beijing with proposals focusing on major concerns of public (GT)
2023-02-27

China calls for faster push into 5G, IoT and supercomputing engines of growth in new grand digitalisation plan (SCMP)
2023-02-27

 ^ top ^

Beijing bourse gov't bond sales top 1.4 trln yuan (Xinhua)
2023-03-02

New water-saving regulation takes effect in Beijing (Xinhua)
2023-03-01

Beijing-Tianjin-Hebei region's coordinated development generates new growth driver (Xinhua)
2023-02-27

 ^ top ^

Shanghai braces to host Mobile World Congress: marketing chief (Xinhua)
2023-03-01

Shanghai government credit report plan to come into effect on March 1 (China Daily)
2023-02-28

Shanghai renews call for global talent to join its AI industry amid US-China tech war, ChatGPT frenzy (SCMP)
2023-02-26

 ^ top ^

Shenzhen sets up London Connect link, adding a second transborder funding channel between China and the UK for companies to raise capital (SCMP)
2023-03-01

Guangdong keen to take care of seniors from SARs (China Daily)
2023-02-28

^ top ^

China's Guizhou eyes to layout information infrastructure (Xinhua)
2023-03-02

Yunnan Whacks Power Supply for Aluminum Again (Caixin)
2023-03-01
Southwestern China’s Yunnan province ordered aluminum producers to further dramatically slash production to cut energy consumption as the province faces a severe shortage of hydroelectricity output. This is the second round of production cuts in six months. Starting Sept. 10, the provincial government told businesses to lower their use of electricity by 10% over five days after a record heat wave disrupted production and economic activity across the region. Companies were then told to reduce electricity use by an additional 15% to 30% starting Sept 15. Authorities didn’t say how much aluminum producers should reduce power consumption. But industry researchers estimated the second round would lower aluminum production by 650,000–800,000 tons, bringing the total loss of output over the two rounds of power rationing to 1.9 million tons. That much production would equal a third of the province’s capacity, several industry researchers told Caixin. Aluminum refining consumes vast amounts of electricity. China is the world’s largest producer of primary aluminum, a significant metal for industrial use. Aluminum Corp. of China, the largest state-owned aluminum enterprise in the country, and its unit Yunnan Aluminium Co. Ltd. (000807.SZ +5.40%), Henan Shenhuo Coal & Power Co. Ltd. (000933.SZ +1.93%) and Qiya Group have reduced output in Yunnan by more than 40%. Production restrictions in Yunnan have become normal policy, said Shi Fuliang, co-founder of aluminum research institute Aladdiny. When companies will be able to resume full production will depend on the power supply and demand situation. Hydropower plants in the province are in the middle of the traditional dry season that runs from December to April. But last summer during the usual rainy season, the province experienced low levels of rainfall, drying up reservoirs and sapping generating capacity. Power producers expect a shortage of electricity again this year, Caixin learned. Yunnan relies on hydroelectric plants to generate nearly 80% of the province’s electricity. Previously, Yunnan had more power than it consumed. Starting in 2018, the province began inviting energy-intensive businesses including aluminum smelters to set up plants by offering preferential electricity prices that were 16% to 22% lower than average industrial rates. As electricity accounts for 40% to 50% of an electrolytic aluminum enterprise’s costs, that was a powerful lure. Now aluminum smelters account for around 30% of the province’s electricity consumption. In 2022, electricity generated by Yunnan’s power plants including hydropower and coal increased 7% from the previous year while consumption rose 11.8%. Yunnan also supplies electricity to other provinces as part of China’s west-east electricity transfer project. The goal of the project is to bring investment and development to China’s economically lagging western regions while providing power to the electricity-hungry eastern provinces. Last year, a severe heat wave and resulting drought dried up reservoirs and crippled hydropower stations, leaving Yunnan and neighboring Sichuan province without enough electricity for their own needs. In 2022, Yunnan’s power supply to other provinces declined by 2.48%. This year, the province plans to increase out-of-province sales by 1%. In a report issued Feb. 17, Yunnan Kunming Power Trading Center said the province still faces shortages of power generation with significant uncertainties. New clean energy power projects are slow to come online while thermal power is limited by coal supply, the report said.

^ top ^

Tibet's Burang port resumes two-way cargo passing (Xinhua)
2023-03-02

Tibet announces regulations to support small enterprises (Xinhua)
2023-03-01

Xizang to invest nearly $2 billion to improve residents’ livelihoods, especially people, facilities in border regions (GT)
2023-02-26

^ top ^

Volkswagen stands by SAIC’s Xinjiang assembly despite rights concerns, saying it ‘looks like all other joint venture plants’ in China (SCMP / Bloomberg)
2023-02-28

People lifted out of poverty in Xinjiang see income increase (Xinhua)
2023-02-27

^ top ^

Front runners for Hong Kong’s sole representative on China’s top legislative body set to be youngest to take up position (SCMP)
2023-03-03

What is behind proposed move for Beijing’s key office on Hong Kong and Macau affairs to report directly to China’s top Communist Party leadership? (SCMP)
2023-03-01

HK sports federation urged to conduct in-depth probe on another national anthem blunder at a sporting event (GT)
2023-03-01

‘Fact twisting’: Hong Kong government hits back at UK foreign secretary’s remarks on national security law (SCMP)
2023-02-28

HK’s first mainland-curriculum school to help deepen understanding of Chinese values and cultivate global vision (GT)
2023-02-28

Hong Kong to constantly benchmark itself against London and New York, finance chief vows (SCMP)
2023-02-27

^ top ^

Macao SAR, HKSAR chief executives pledge to jointly promote coordinated development (Xinhua)
2023-03-02

Preferential policies meted out to beef up support for Macao firms (GT)
2023-02-28

Macao's hotel guest number surges 59.6 pct year on year in January (Xinhua)
2023-02-27

^ top ^

Taiwan to send at least 500 troops to US for combat training, report says (SCMP)
2023-02-23

Mainland's support facilitates Taiwan compatriots' study, life, work (Xinhua)
2023-02-23

Taiwanese foreign, security delegation meets US officials for closed-door talks (SCMP)
2023-02-22

FM urges US to stop official exchanges with Taiwan island, implement Biden’s commitment (GT)
2023-02-22

Firm opposition to "Taiwan independence" required for peace: senior diplomat (Xinhua)
2023-02-19

Shanghai officials touch down in Taiwan for landmark post-Covid trip (SCMP)
2023-02-18

^ top ^

China’s ‘two sessions’ 2023: all eyes on Beijing as lawmakers plot post-pandemic economic recovery (SCMP)
2023-03-03

Int'l investment in China jumps, displaying global confidence in Chinese economy (Xinhua)
2023-03-02

China’s new home sales surge after 19-month slump as property rescue measures boost demand (SCMP)
2023-03-01

China’s factory, services activity continued recovery in February, but foundation ‘not yet solid’ (SCMP)
2023-03-01

New pattern crucial for China's high-quality development (Xinhua)
2023-02-28

Zero-Covid made China ‘less attractive’ to foreign talent. Can it restore its image? (SCMP)
2023-02-28

China unveils blueprint for propelling digital development through 2035 (GT)
2023-02-27

How local governments’ debt crises will be the last straw for China’s small banks (SCMP)
2023-02-27

^ top ^

They were among North Korea’s elite, but they fled anyway. Here’s why (SCMP/AFP)
2023-03-02

DPRK ruling party convenes meeting to address agricultural production (Xinhua)
2023-03-02

North Korea calls for ‘rural revolution’ amid worst food shortage in decades (SCMP)
2023-02-27

^ top ^

High-Level Forum on Clean Air 2023, Ulaanbaatar (Montsame)
2023-03-03

Decisions Made at The Cabinet Session (Montsame)
2023-03-02

Joint Statement on Advancing the U.S.-Mongolia Economic Partnership (Montsame)
2023-03-01

Dry Ports to be Built in Mongolia (Montsame)
2023-03-01

Mongolia builds about 900-km railway in 2022 (Xinhua)
2023-02-25

^ top ^

Embassy of Switzerland