Business
Guangxi to develop green energy in Gulf of Tonkin Is the Thai business sector interested?
At present, China’s energy demand is increasing in line with the economic recovery situation and industrial investment trends that signal continuous growth.
Many provinces in China are facing the challenge of sourcing enough energy to meet rising demand. And realize the importance of maintaining energy security (Energy Security), especially in the event that fossil fuel energy sources (crude oil and natural gas) fluctuate along with environmental conservation according to the guidelines of the Chinese government. (coal pollutes)
A thirst for energy, driven by economic growth and a population of more than one-sixth of the world, has shifted the outlook for energy investment in China. The government has encouraged more investment in alternative energy for this reason. Renewable Energy, which is clean energy that is not exhausted and has natural sources around it, ‘wind energy’ has become one of the alternative energy used to generate electricity to replace fossil fuel energy with technology. windmill
Based on the fact that the province is already one of the main alternative energy (hydropower) bases in China, Guangxi Zhuang and the development of alternative energy are not a novelty. In addition to producing electricity to meet the needs of the province. Guangxi also provides electricity to the eastern economic areas. (Pearl River Estuary in Guangdong Province) and also sold to Vietnam.
Guangxi Zhuang has a coastline of more than 1,600 kilometers. At present, there are nine offshore wind farms…
Read the rest of this article here >>> Guangxi to develop green energy in Gulf of Tonkin Is the Thai business sector interested?
Business
China Stimulates Economic Growth Through New Policies – London Business News | Londonlovesbusiness.com
Chinese officials will report on policies aimed at boosting economic growth, focusing on structural optimization and sustainability post-National Day festivities, addressing challenges like the pandemic and trade tensions.
Key Economic Growth Policies
Senior officials from China’s National Development and Reform Commission (NDRC), led by Zheng Shanjie, will report on key economic growth policies this Tuesday. The conference will focus on implementing progressive measures aimed at revitalizing the economy and ensuring sustainable long-term development. Following a festive season, including National Day, authorities emphasize the importance of leveraging this period to invigorate economic activities.
Addressing Economic Challenges
China is currently facing significant challenges that threaten its status as the world’s second-largest economy. Factors such as the pandemic and international trade tensions have contributed to a recent economic slowdown. In response, the government has enacted measures like interest rate cuts and relaxed real estate market restrictions, aiming to boost essential sectors such as construction and consumption.
The Role of the NDRC
The NDRC plays a pivotal role in these policy implementations. By coordinating various measures, the agency seeks to balance short-term growth with structural optimization for future stability. As China navigates this critical juncture, the decisions made at the upcoming conference will be vital for ensuring economic resilience and positioning the nation as a global leader.
Source : China boosts economic growth with new policies – London Business News | Londonlovesbusiness.com
Business
CPEC Phase-II Launches with Fresh Agreements Between Pakistan and China
The second phase of the China-Pakistan Economic Corridor has begun with new agreements enhancing agriculture and industry, granting Pakistani products duty-free global market access.
New Agreements Mark CPEC Phase-II
ISLAMABAD (Web Desk) – The second phase of the China-Pakistan Economic Corridor (CPEC) has been launched with the signing of several significant agreements between the two nations. This new phase focuses on enhancing collaboration in agriculture and industry, aiming to elevate the productivity and quality of these sectors.
Enhanced Trade Opportunities
Among the major developments is a $400 million agreement between Pakistan’s International Innovation Park Limited and China National Cereals, Oils, and Foodstuffs. This partnership will enable numerous Pakistani products to gain duty-free access to global markets, providing a boost to national exports and economic growth.
Future Focus on Digital Transformation
Additionally, a Memorandum of Understanding has been established to promote digital transformation and optimize supply chains in 200 textile factories. This initiative aims to strengthen cooperation in the textile industry, ensuring sustainable growth and improved efficiency in production processes.
Source : CPEC Phase-II begins with new agreements between Pakistan, China
Business
China ETFs Celebrate Beijing’s Stimulus Initiative
Chinese stocks experienced their largest single-day gains since 2008 due to aggressive stimulus measures from Beijing, significantly boosting related ETFs and highlighting a potential bull market.
Chinese Stock Market Surge
Chinese stocks experienced their most significant single-day gains since 2008 on Monday, fueled by a flurry of new stimulus measures from Beijing aimed at revitalizing the economy. The domestic A-shares saw unprecedented turnover as investors rushed to join the rally. These developments have also positively impacted exchange-traded funds associated with China, with the KraneShares CSI China Internet ETF achieving its best three-day performance since March 2022.
Significant ETF Growth
The Invesco Golden Dragon China ETF also recorded significant rises, mirroring the three-day strong performance of the KraneShares ETF. The market rally follows aggressive measures from the Chinese government, which included interest rate cuts and support for the struggling real estate sector. This proactive approach reflects a significant monetary policy shift aimed at stabilizing China’s economy.
Record Gains Before Holiday
With a week-long holiday approaching, traders hurried to invest, leading to an 8.5% increase in the CSI300 index, and a five-day gain surpassing 25%. The Shanghai Composite Index reached a total turnover of 1.17 trillion yuan ($166.84 billion), marking an impressive 8.1% rise. The rapid gains suggest the CSI300 is nearing bull market territory following a low in February, with key stocks like JD.com and Alibaba also benefiting from the surge.
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