China’s national carbon market off to smooth start: official

China’s national carbon market has been running smoothly in the first month of trading, with cumulative quotas reaching 7.02 million tons and total transactions standing at 355 million yuan ($54.78 million), an official told a press conference on Wednesday. In the first compliance cycle for the national carbon market for the power generation industry, 2,162 enterprises in the coal-fired power

China’s auto exports jump 1.2 times in Jan-July

China’s auto exports rose 1.2 times year-on-year in the first seven months of 2021, exceeding the volume in 2020, driven by record high exports of new-energy vehicles (NEVs), according to data released by the China Association of Automobile Manufacturers (CAAM) on Tuesday. Chinese auto companies exported 1 million vehicles from January to July, the data showed. In July, auto exports

Top luxury department store SKP expands to Hangzhou

The scheme of SKP Hangzhou, China’s top luxury department store, was released on Aug 17, marking the official launch of the first high-end commercial complex on the south bank of Qiantang River. A high-end fashion department store, an office building, and two “ultra-luxury hotels” are expected to be launched there. The site is divided into two parts. The commercial part,

High-Tech Zone (Binjiang) Releases Holistic Future Community Construction Plan

Holistic Future Community Construction Meeting was held at High-Tech Zone (Binjiang) yesterday. Holistic Future Community Construction Plan of High-Tech Zone (Binjiang) was released at the meeting. According to the plan, High-Tech Zone (Binjiang) will, centering on “human-oriented, ecological, digital, and nine scenes”, make human-oriented innovation in eight aspects, including smart space allocation, smart transport, smart service for people’s everyday life,

Chinese test kit suppliers shine amid global battle against Delta

Chinese COVID-19 test kit producers are ramping up efforts to provide the world with much-needed test kits amid a new round of outbreaks across the globe ignited by variants such as Delta, further highlighting the crucial role Chinese companies play in the world’s epidemic prevention and control efforts. The Delta variant, which is renowned for its faster transmission and severe

11 Jiangsu companies on the list of 2020 Top 100 Chinese Pharmaceutical Companies

Names of 11 companies from Jiangsu appeared on the list of 2020 Top Chinese Pharmaceutical Companies announced at the 38th National Annual Conference on Pharmaceutical Industry Information, according to Jiangsu Provincial Department of Industry and Information Technology. Statistics and analysis provided by China National Pharmaceutical Industry Information Center showed that in 2020, prime operating revenue of the top 100 drug

Hangzhou rolls out new policies to boost biomedicine industry

A researcher at the laboratory of Hangzhou-based Betta Pharmaceuticals Co Ltd. [Photo/zj.zjol.com.cn] The biomedicine industry in Hangzhou, East China’s Zhejiang province, is expected to be worth 1 trillion yuan ($154.34 billion) in 2030, according to the measures released by the local government to accelerate the high-quality development of the industry. The city also plans to double the annual output value

Digital technology key to Hangzhou’s rural revitalization

Hangzhou in East China’s Zhejiang province unveiled the municipal rural revitalization bureau on Aug 10. The bureau was set up in response to the central government’s strategy of rejuvenating the country through science and education and innovation-driven development. In the first half of 2021, the per capita disposable income of Hangzhou’s rural residents was 22,631 yuan ($3,489.7), a 15.2 percent

Renewable power generation enterprises encouraged to build energy storage system

The National Development and Reform Commission and the National Energy Administration issued a notice on Tuesday encouraging renewable energy power generation enterprises to enhance energy storage systems or peak shaving capacity to increase the scale of grid connection. Renewable energy power generation enterprises are being encouraged to build their own energy storage or peak shaving resources on a voluntary basis

12 comprehensive demonstration counties for high-quality e-commerce development in rural areas newly added in Zhejiang

Recently, the Ministry of Commerce announced the list of (the first batch) comprehensive demonstration counties for e-commerce development in rural areas in 2021. 12 new counties in Zhejiang are on the list, granted 115 million yuan from the central government. Up to now, there are 34 comprehensive demonstration counties for e-commerce in rural areas, of which 16 are mountainous counties,