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PBOC should give 'ammunition' to support government investmentChina should put a new mechanism in place to allow the central bank to buy bonds issued by the government to supply more funds to boost growth, according to a group of researchers from a leading national think tank on Wednesday.Traditional monetary policy, even coordinated with fiscal expansion, may be not strong enough to reverse the economic slowdown. The central bank should provide 'ample ammunition' to support government investment, said Li Yang, head of the National Institution for Finance and Development (NIFD) under the Chine...
Date: 2019 - 11 - 14
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BEIJING -- China's installed photovoltaic (PV) capacity rose 15 percent year on year by the end of September, official data showed.Total PV installations amounted to 190.19 megawatts, with 15.99 megawatts of capacity added in the first three quarters, according to the National Energy Administration.PV power generation came in at 171.5 billion kilowatt-hours during the January-September period, up 28 percent from the same period last year.Most new installed PV capacity was located in north and northwest China, accounting for 31.8 percent and 26.9 percent of the total new PV power capacity, resp...
Date: 2019 - 11 - 11
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The 2019 Global Energy Interconnection and China-Africa Energy and Power Conference kicked off in Beijing on Wednesday, with more than 1,000 guests from over 79 countries and regions discussing key issues regarding global energy interconnection (GEI) for energy transition and sustainable development, and energy cooperation between China and African countries.The conference, lasting until Thursday and the first of its kind in the field of energy and power sector for China and Africa, aims to build a platform for China-Africa cooperation on GEI and African Energy Interconnection development.Init...
Date: 2019 - 11 - 09
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A big addition of 1 billion metric tons of oil to the geological reserves of the Qingcheng oilfield, Gansu province, will help wean China off its reliance on oil imports and safeguard the country's energy security, industry experts said.PetroChina Changqing Oilfield Company, a regional branch of China's top oil and gas producer Petro-China, announced earlier that it had discovered new geological reserves of 1 billion tons of shale oil at its Qingcheng oilfield in the Ordos Basin, among which 358 million tons had been proved.That amount is equal to almost three times the refined oil China consu...
Date: 2019 - 11 - 04
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BEIJING - China's renewable energy generation rose 11 percent year-on-year by the end of September to 1.44 trillion kilowatt-hours, according to the National Energy Administration (NEA) Tuesday.Of the total, hydropower topped 893.8 billion kWh in the first nine months of the year, up 7.9 percent, while wind power stood at 291.4 billion kWh, up 8.9 percent year-on-year, said Li Chuangjun, deputy director of the new energy and renewable energy sources bureau of the NEA, at a press conference.Meanwhile, solar photovoltaic power hit 171.5 billion kWh, up 28.1 percent, while biomass generated 80.4 ...
Date: 2019 - 11 - 01
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China has made steady progress in ensuring energy supply for the first three quarters of this year, an official said on Tuesday.Song Wen, deputy head for development and planning at National Energy Administration, said at a press conference that China has made positive progress in increasing oil and gas production and reservation, advancing coal capacity, and ensuring power supply.According to Song,the production of crude oil hit 143 million metric tons for the first 9 months of this year, up 1.2 percent year-on-year, marking the first increase following a three-year slump.Gas production was 1...
Date: 2019 - 10 - 29
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