Made in china 2025 plan

By CHENG YU and ZHENG YIRA Digital economy to be major driving force during 14th Five-Year Plan period China is pushing forward the use of informatization within the 14th Five-Year Plan period (2021-25) with 6G technologies being a top priority, as the country boosts development of the digital economy as a new economic driver, government officials and industry experts said on Friday. “China will accelerate the research and development of 6G technologies, the construction of the large-scale 5G network, as well as the large-scale application of Internet Protocol version 6－the latest worldwide modality aimed at making the internet bigger, faster and more secure,” Yang Xiaowei, deputy head of the Cyberspace Administration of China, said at a news briefing in Beijing. “More efforts will also be made to fully release the vitality of data through speeding up the building of systems and standards to accommodate data flow, cross-border data transmission and data security ... » Learn More about China eyes 6G as next tech frontier

BEIJING: China's Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. The brand, positioned in the premium segment and named "Zeekr", will be housed under Geely's to-be-launched EV entity Lingling Technologies, according to three people, who declined to be named as the plan is not yet public. Reuters reported the plans for Lingling last month. Geely, the owner of Volvo Cars and 9.7 per cent of Daimler, will roll out models under the new marque based on its open-source EV chassis, announced in September and called Sustainable Experience Architecture (SEA), the sources said. It will be a new attempt to go up-market by Geely, and backs founder and Chairman Li Shufu's long-held ambition to make premium cars "like Mercedes-Benz" in a bid take on EV leader Tesla Inc. Geely will open showrooms, or "hubs", in ... » Learn More about Targeting Tesla, China’s Geely to launch new premium EV brand: Sources

HONG KONG: As China adopted a new five-year development plan last week, the chief executive of the Hong Kong Special Administrative Region (HKSAR) and experts believe the national strategies will provide major support for the global financial hub, helping it break growth bottleneck and achieve greater development. HKSAR Chief Executive Carrie Lam pointed out the new development plan will bring enormous opportunities to Hong Kong when speaking at a forum on Friday. How Hong Kong will leverage its unique strengths under “one country, two systems” to seize these opportunities and actively integrate into the overall development of the country will be crucial to Hong Kong’s future, she said. Lam said that Hong Kong can further strengthen its role as an intermediary between the mainland and the rest of the world and focus on the business opportunities in the mainland market. During the just-concluded sessions of the national legislature and political advisory body, China adopted the ... » Learn More about HK sees more benefits from China’s 5-yr plan

BEIJING (Xinhua): Green finance will be a priority for China's central bank this year, as well as during the 14th Five-Year Plan period (2021-2025), the country's central bank governor has said. To help achieve China's emission and carbon neutrality goals, the central bank should encourage the financial system to support green investments with a market-based approach, said the governor of the People's Bank of China Yi Gang at the China Development Forum. Yi also called for evaluating and dealing with the impact of climate change on financial stability and monetary policies promptly. He said the tasks are "urgent" in the face of China's goals of bringing its carbon emissions to a peak before 2030 and becoming carbon-neutral before 2060. By the end of last year, China's outstanding green loans reached nearly 12 trillion yuan (about US$1.84 trillion), the highest in the world, official data showed. Yi said efforts would be made for the 2021-2025 period to improve the ... » Learn More about China’s central bank makes green finance a priority

By Lu Hui BEIJING, March 19 (Xinhuanet) — China will focus on promoting high-quality development in the 14th Five-Year Plan (2021-2025) period and beyond, which not only concerns the overall situation of the country’s socialist modernization drive but also generates great impetus to pandemic-battered world economy. At just-concluded “two sessions,” lawmakers adopted the Outline of the 14th Five-Year Plan for National Economic and Social Development and the Long-Range Objectives Through the Year 2035, mapping out a blueprint for the next five to 15 years to guide the country’s march toward modernization, with high-quality development remaining the theme. From quantity to quality China will shift the focus from setting quantitative economic indicators to pursuing high-quality and more sustainable development, that is more environmentally friendly, more people-centered and more innovative. Pursuing the high-quality development path calls for adhering to the ... » Learn More about News Analysis: China’s high quality development in modernization drive benefits world

SHANGHAI: China generated 53% of the world's total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday. Although China added a record 71.7 gigawatts (GW) of wind power and 48.2 GW of solar last year, it was the only G20 nation to see a significant jump in coal-fired generation, according to research from Ember, a London-based energy and climate research group. China's coal-fired generation rose by 1.7% or 77 terawatt-hours, enough to bring its share of total global coal power to 53%, up from 44% in 2015, the report showed. The country has promised to reduce its dependence on coal in a bid to bring emissions of climate-warming greenhouse gas to a peak before 2030 and become "carbon neutral" by 2060. "China is like a big ship, and it takes time to turn in another direction," said Muyi Yang, senior analyst with Ember and one of the ... » Learn More about China generated over half world’s coal-fired power in 2020

SHANGHAI: China generated 53 per cent of the world's total coal-fired power in 2020, nine percentage points more than five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday (Mar 29). Although China added a record 71.7 gigawatts (GW) of wind power and 48.2 GW of solar last year, it was the only G20 nation to see a significant jump in coal-fired generation, according to research from Ember, a London-based energy and climate research group. China's coal-fired generation rose by 1.7 per cent or 77 terawatt-hours, enough to bring its share of total global coal power to 53 per cent, up from 44 per cent in 2015, the report showed. The country has promised to reduce its dependence on coal in a bid to bring emissions of climate-warming greenhouse gas to a peak before 2030 and become "carbon neutral" by 2060. "China is like a big ship, and it takes time to turn in another direction," said Muyi Yang, ... » Learn More about China generated more than half of world’s coal-fired power in 2020: Study

BEIJING (Reuters): A port city in eastern China has launched an ambitious plan to build the country's fifth rocket launch site, under a longer-term goal to ramp up space infrastructure to meet the demands of an expected boom in commercial missions. An engineering company in eastern Zhejiang province won a tender on April 1 to construct the launch pad in Ningbo city, as well as a section of the command centre and an assembly and testing facility, according to a document posted on the website of the Ningbo Free Trade Zone. As part of the Zhejiang government's infrastructure plans for 2021-2025, Ningbo will invest 20 billion yuan ($3 billion) in a rocket launch centre in the county of Xiangshan, or "Elephant Hill". The centre will be capable of launching 100 missions a year. According to media, Xiangshan has a favourable latitude for rocket launches, comparable to Cape Canaveral, home of the Kennedy Space Centre in Florida. In the next five to 10 years, China envisions massive ... » Learn More about China begins construction of its fifth rocket launch site

KUALA LUMPUR (Bernama): China regards Malaysia as a trusted partner in development, and the strong friendship built between both nations should be further enhanced, says China's Ambassador to Malaysia Ouyang Yujing. He said Malaysia and China’s ties are based on a strong foundation, and the close cooperation could be seen in various fields. "For example, Malaysia is China’s good partner in the Belt and Road Initiative (BRI). According to our statistics, the biggest BRI project in the world is in Malaysia. That is the ECRL (East Coast Rail Link), ” he said during his visit to the Malaysian National News Agency’s (Bernama) headquarters here Thursday (April 8). He noted that Malaysia also has the best of China, including the Xiamen University, the only campus outside China, situated in Sepang, Selangor. The ambassador, who arrived at Wisma Bernama with four other embassy representatives, was greeted by Bernama’s chief executive officer Datuk Mokhtar Hussain. Ouyang also met with ... » Learn More about Malaysia is trusted partner in development to China, says ambassador

MANILA, Philippines—A lawmaker on Thursday (March 25) called on Congress to provide “additional appropriations” that may be needed by the Philippine Navy to expedite its acquisition of new warships, amid China’s continued incursions in the West Philippine Sea. Surigao del Sur Rep. Johnny Pimentel, chairperson of the House committee on strategic intelligence, said the Department of National Defense (DND) should advance its plans to procure 16 new warships by at least three years. He urged the military to fine-tune its upgrade program and give priority to acquiring four frigates and 12 corvettes, referring to the Navy’s desired force mix, or their target acquisitions in the next few years. “Instead of getting these 16 new combat ships in phases between now and 2028, the Navy should get them all by 2025,” Pimentel said in a statement. “In the annual national budgets from 2022 to 2025, Congress should also provide the additional appropriations needed for the Navy’s expedited ... » Learn More about Congress asked to give more funds to PH Navy for new warships amid China incursions