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International observers applaud resilience and momentum of China’s economy in H1 2025
China accelerates innovation to drive high-quality development and global cooperation

Day: February 20, 2024

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Vital China on the move

by adnan
February 20, 2024 0 5 min 1 yr

By Qiu Chaoyi, Li Xinping, Han Xin, People’s Daily The Spring Festival travel rush, carrying people’s hopes for family reunion, reflects the new landscape of China’s high-quality development. During the 2024 Spring Festival holiday, which ran from Feb. 10 to 17, China reported about 2.3 […]

Culture
by adnan
February 20, 2024 0 6 min 1 yr

Art contributes to rural development of village in China’s Inner Mongolia

by adnan
February 20, 2024 0 7 min 1 yr

Lawyer with visual impairment in N China’s Tianjin inspires many like him

by adnan
February 20, 2024 0 5 min 1 yr

Digital technologies accelerate innovation in China’s tourism market

by adnan
February 20, 2024 0 6 min 1 yr

Spring Festival travel rush mirrors bright future of China

by adnan
February 20, 2024 0 5 min 1 yr

To make economic globalization more open, inclusive, balanced, beneficial to all

by adnan
February 20, 2024 0 7 min 1 yr

Chinese provincial-level regions report remarkable economic performance in 2023

by adnan
February 20, 2024 0 7 min 1 yr

U.S. should stop taking “national security” as catch-all excuse

By Guan Kejiang, People’s Daily Newly installed solar photovoltaic (PV) capacity is expected to reach 375 gigawatts globally in 2023, growing 31.8 percent year on year, said an annual report recently issued by the International Energy Agency. China’s solar PV installations last year equaled to the world’s total in 2022. Demetrios Papathanasiou, global director for the World Bank’s Energy and Extractives Global Practice, believes that developing the solar PV industry is crucial for addressing climate change and promoting energy transition. At the 28th meeting of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) held last year, the development of solar energy was one of the key topics discussed. The agreement reached at the COP28 for the first time acknowledged the decreasing costs and technological innovations in solar energy, wind energy, and energy storage, recognizing their potential in achieving climate goals. It called on countries to transition away from fossil fuels in a just, orderly, and fair manner within the energy system. In recent years, the global PV industry has been experiencing rapid growth. According to relevant statistics, the average annual growth of PV installations worldwide reached 28 percent from 2019 to 2023. Consulting firm Wood Mackenzie said that solar energy has become the most cost-competitive energy source in most countries. The PV industry is expected to maintain a high growth rate over the next decade. Former Vice Chair of the UN Intergovernmental Panel on Climate Change, Mohan Munasinghe, noted that sustainable development is a crucial challenge for human society. The continuous innovation and growing advantages of solar PV technology provide developing countries with options for achieving economic sustainability, transitioning to clean energy, and protecting the environment. The Francisco Pizarro PV plant in Extremadura, Spain, began operation in 2022 and is one of the largest operational PV power stations in Europe. All the solar panels used in this plant were sourced from China. In Garissa County, Kenya, the Garissa solar power plant constructed by a Chinese company, has effectively addressed the issue of electricity shortage in the local area, providing continuous clean electricity to local residents. In recent years, the Bank of China (BOC) has been involved in various solar power projects, such as the Al Dhafra PV2 solar project in the United Arab Emirates and the 300 MW Sakaka solar PV project in Saudi Arabia. Last year, the bank issued a $500 million green bond with a focus on the Belt and Road Initiative. Pan Xinyuan, general manager of Bank of China Dubai Branch, said that China, as the world’s largest producer of solar components, has a leading advantage in solar project construction. Chinese banks, as a bridge connecting production capacity and market demand, can play a positive role in promoting global energy transformation. Fatih Birol, executive director of the International Energy Agency, noted that China has achieved remarkable success in the development of clean energy, such as solar and wind power, as well as the electric vehicle industry, making it a champion in the field of clean energy. Sultan Ahmed Al Jaber, minister of Industry and Advanced Technology of the United Arab Emirates and president-designate of the COP28, emphasized that China’s continuous leadership in clean energy technology is a crucial factor in facilitating global energy transition, addressing climate change, and promoting development. Xiao Jinyu, deputy director-general of Economic and Technology Research Institute, Global Energy Interconnection Development and Cooperation Organization, said in an interview with People’s Daily that China has elevated the acceleration of renewable energy development to a level of ensuring national energy security and strengthening ecological progress, achieving rapid progress in a short period of time. It is exactly because of China’s vigorous development of renewable energy that the cost of solar power generation has decreased by nearly 90 percent globally in recent years, and wind power cost by 80 percent. Ahmed Mohamed Mohina, vice minister of Electricity and Renewable Energy of Egypt, said that the Chinese solution is of great significance to global energy transition and climate governance. It provides feasible solutions for African and Arab countries to promote energy transition, stimulate economic development, and improve ecological environment. Erik Solheim, vice president of the Belt and Road Initiative International Green Development Coalition and former UN under-secretary-general, noted that China has made significant contributions to the global development of renewable energy. It has also provided innovative driving forces for the economic development and green and low-carbon transformation of developing countries.
by adnan
February 20, 2024 0 5 min 1 yr

China’s PV industry contributes to global green development

by adnan
February 20, 2024 0 5 min 1 yr

China’s Spring Festival becomes international cultural event

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International observers applaud resilience and momentum of China’s economy in H1 2025

By People’s Daily China’s gross domestic product (GDP) grew 5.3 percent year on year in the first half of 2025, an increase of 0.3 percentage points compared to both the same period in 2024 and the entirety of 2024, according to data from the Chinese National Bureau […]

World
by News Desk
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China accelerates innovation to drive high-quality development and global cooperation

By He Yin, People’s Daily Two recent events have drawn global attention. Global industry leaders convened at the 12th World Congress on High-Speed Rail in Beijing to explore innovation under the theme “High-Speed Rail: Innovation and Development for a Better Life”. Meanwhile, the inauguration ceremony of the International […]

World
by News Desk
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China registers 5.3 percent GDP growth in H1 2025, showing strong momentum, resilience

By Liu Zhiqiang, People’s Daily Despite a complex international landscape and mounting challenges, China maintained steady economic growth in the first half of 2025, said Sheng Laiyun, deputy head of the Chinese National Bureau of Statistics at a press conference held by China’s State Council Information […]

World
by News Desk
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Robust export growth highlights resilience of Chinese economy

By Wu Qiuyu, People’s Daily Despite rising challenges and external uncertainties, China achieved steady economic growth in the first half of the year and is actively taking steps to maintain stability and sustain growth momentum in the months ahead. Among the many figures, the 7.2 percent […]

World
by News Desk
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China builds development momentum through self-reliance and global engagement

By He Yin, People’s Daily A succession of prominent international gatherings recently held across China has provided the world with comprehensive insights into the country’s development trajectory. The 20th Western China International Fair concluded with record contracted investment exceeding 350 billion yuan ($48.75 billion). The sixth Qingdao […]

World
by News Desk
5 min 5 dys

China’s homegrown regional jetliner C909 reaches new heights

By Gu Yekai, Qiu Chaoyi, People’s Daily Developed in accordance with international airworthiness standards and backed by fully independent intellectual property rights, China’s homegrown regional jetliner ARJ21 made its maiden flight on June 28, 2016. In November 2024, Commercial Aircraft Corporation of China (COMAC) officially introduced […]

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  • International observers applaud resilience and momentum of China’s economy in H1 2025
  • China accelerates innovation to drive high-quality development and global cooperation
  • China registers 5.3 percent GDP growth in H1 2025, showing strong momentum, resilience
  • Robust export growth highlights resilience of Chinese economy
  • China builds development momentum through self-reliance and global engagement

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  • International observers applaud resilience and momentum of China’s economy in H1 2025
  • China accelerates innovation to drive high-quality development and global cooperation
  • China registers 5.3 percent GDP growth in H1 2025, showing strong momentum, resilience
  • Robust export growth highlights resilience of Chinese economy
  • China builds development momentum through self-reliance and global engagement

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