Culture

Spring Festival travel rush mirrors bright future of China

by adnan

February 20, 2024 0 1 yr

By Shi Ling, People’s Daily Long Fei, a migrant worker that works in south China’s Guangdong province, returns to his home in Guizhou every Chinese New Year. Many years ago, Long and other fellow migrant workers working in the Pearl River Delta region often rode […]

Culture

by adnan

February 20, 2024 0 1 yr

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

by adnan

February 20, 2024 0 1 yr

Chinese provincial-level regions report remarkable economic performance in 2023

by adnan

February 20, 2024 0 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 1 yr

China’s PV industry contributes to global green development

by adnan

February 20, 2024 0 1 yr

China’s Spring Festival becomes international cultural event

by adnan

February 20, 2024 0 1 yr

Zigong’s lanterns enjoy high reputation around world

by adnan

February 20, 2024 0 1 yr

China contributes to Antarctic studies, protection over past 40 years

by adnan

February 20, 2024 0 1 yr

Chinese market boosting growth in Brazilian coffee exports

by adnan

February 20, 2024 0 1 yr

China, Europe enjoy huge potential in green cooperation

by News Desk

1 week

On frontlines of Hainan Free Trade Port development

World

by News Desk

1 week

A sweet road to prosperity: how China and Chile built a cherry pipeline to the world

By Chen Yiming, People’s Daily Under the cloudless skies of Chile’s Maule Region, rows of grapevines and fruit trees stretch across the valley floor. About 20 minutes from the Talca-Chillán section of Chile’s highway Route 5 lies the Rodriguez family orchard in the Chilean Central Valley — a quintessential […]

World

by Web Desk

1 week

Chinese e-commerce platforms help exporters tap into domestic market

By Wang Ke, Liu Shiyao, People’s Daily In response to the challenges posed by changes in the external market environment, a number of Chinese e-commerce platforms have introduced a range of initiatives, including direct procurement, dedicated sales zones, traffic support, and supplier-buyer matchmaking, to help export-oriented […]

World

by News Desk

1 week

Wuhan startup rides e-commerce boom to reach global markets

By Wu Jun, People’s Daily As more Chinese enterprises set their sights on international expansion, Hu Baoming is positioning his firm to seize the moment. Hu heads Wuhan Gani Technology Co., Ltd., a professional window film manufacturer based in Wuhan, central China’s Hubei province. Following a recent […]

World

by News Desk

1 week

Decoding China’s breakthroughs in scientific, technological innovation

By Huan Yuping, People’s Daily Amid mounting U.S. tariffs and escalating technological suppression, global attention has shifted to China’s scientific and technological innovation – a key sector that reflects the resilience and potential of the Chinese economy. Major international institutions have acknowledged that China is forging new competitive advantages through […]

World

by News Desk

1 week

China upholds fair,inclusive AIdevelopment of world

By He Yin, People’s Daily On May 6 local time, China and Zambia co-hosted a side event of the Group of Friends for International Cooperation on AI Capacity-Building at the UN headquarters in New York. Themed “From Divide to Synergy: Global Cooperation Frameworks for AI […]

World