The power crunch comes as strict orders from Beijing to cut emissions collide with surging coal and gas prices as well as rising demand for electricity.
TECHNOLOGY
China’s raid on its Wall Street to keep many bankers awake at night as Beijing probes top institutions
China’s disciplinary watchdog will send inspectors into China’s top 25 financial institutions in the coming weeks to look for signs of corruption, negligence and disloyalty.
CNOOC plans Shanghai share sale amid U.S. sanctions
CNOOC, one of the three Chinese state-owned oil and gas conglomerates, plans to list in the mainland amid pressure from U.S. authorities to delist from New York. The company late on Sunday said it is…
CTM, China Mobile sign digital content delivery deal
Companhia de Telecomunicações de Macau (CTM) and China Mobile International (CMI) have signed a strategic cooperation framework on digital content delivery. The deal aims to accelerate the development …
China sees breakthroughs in quantum technology, yet faces challenges
Quantum information technology has become the focus of emerging technology attracting worldwide attention, igniting the second quantum revolution, which will have a profound impact on the global …
China’s Tech Tycoons Pledge Allegiance to Xi’s Vision
China’s embattled tech tycoons lined-up to pledge their support for President Xi Jinping’s “common prosperity” policy and market-roiling regulatory onslaught on the digital sector, at the country’s …
China Mobile International, CTM partner on digital content delivery
China Mobile International (CMI) and Companhia de Telecomunicacoes de Macau (CTM) have agreed to partner on digital content delivery. The agreement is expected to create a framework for CMI and CTM to …
China Evergrande’s EV unit scraps Shanghai IPO plan while CNOOC, Dongfeng Motor unveil new domestic stock offerings
China Evergrande Group hit another bump on the road to ease its liquidity crisis after abandoning a plan to float its car-making unit at home. At the same time, oil explorer CNOOC Limited and Dongfeng…
China Evergrande’s EV unit scraps IPO plan while CNOOC, Dongfeng Motor unveil new domestic stock offerings
China Evergrande Group hit another bump on the road to ease its liquidity crisis after abandoning a plan to float its car-making unit at home. At the same time, oil explorer CNOOC Limited and Dongfeng…
China ‘is a leader in 4th industrial revolution’
Liang Wen’gen, chairman of machinery leader Sany Group, No 53 on the list, said: “We private enterprises get the greatest confidence from the country’s strengthening support for private firms, …
China’s tech pivot: from consumer internet to hard tech
Mi Lei, founding partner of CAS Star, a venture capital firm focused on hard tech investment in China, once compared investing in semiconductors to living on the moon. “It got extremely cold in the …
All crypto-currency transactions illegal, declares China
China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin, reports BBC. “Virtual currency-related business …
China eyes its Gobi desert for uranium alternative thorium to use in nuke reactors: Report
China may soon test a new inexpensive nuclear energy that will not need water to cool nuclear fuel rods nor uranium on the edge of its Gobi Desert at a place called Wuwei, a media…
