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China urges faster digital, green development among APEC members

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The digital economy and green development have become major trends in global economic and social transformation.

Chinese President Xi Jinping urged on Friday for all APEC members to enhance economic and technical cooperation, speed up coordinated digital and green development.

With a combined population of 2.9 billion, the 21 APEC economies account for over 60 percent of the world’s total gross domestic product (GDP) and about half of its trade. The region’s status is globally significant, and achieving coordinated digital and green development is of vital importance.

Relationship between digital and green economy

Digitalization and green growth are interdependent and mutually reinforcing, Wang Song, an official at the Office of the Cyberspace Administration of China, said at a press conference on November 7.

Wang made the remark when introducing a white paper titled “Jointly Build a Community with a Shared Future in Cyberspace,” which was issued by China’s State Council Information Office. The paper called for “joint efforts to coordinate the transformation towards digitalization and green growth.”

Digital technology plays an increasingly prominent role in promoting the green economy, Wang added. It is estimated that by 2030, industries in China will reduce carbon emissions by 12.1 billion tonnes thanks to advancements in digital technologies, Wang said.

China and other APEC members cooperating on digital economy

China has made the development of the digital economy a national strategy.

The scale of China’s digital economy has ranked second in the world for years, according to the State Council in a report submitted to the National People’s Congress Standing Committee for review on November 28.

Steady progress has also been made in cooperation on the digital economy among China and other APEC economies.

China’s Alibaba Group and the Thailand government signed an agreement in April 2018 in Bangkok which saw the two sides cooperate in e-commerce, digital logistics, tourism and personnel training.

The company in May 2022 launched a data center in Thailand to bolster local businesses’ digital innovation capabilities, according to China’s Ministry of Commerce.

The Philippines and Australia, have also cooperated with Alibaba in retail and logistics, finance and fintechs, digital entertainment and public enterprise services, said the company.

Cooperation in digital payment has also been strengthened. China Unicom said in November that more than six million UnionPay cards have been issued in Southeast Asia since the beginning of this year, an increase of 40 percent year on year.

So far, over 40 million UnionPay cards have been issued in 10 ASEAN countries, among which seven are APEC members.

China’s green development

Green growth provides a practical and flexible approach for achieving sustainable development of the world economy.

The 20th National Congress of the Communist Party of China included a call for the country to accelerate the transition to a model of green development, boost green and low-carbon industries, and promote green and low-carbon ways of production and life.

China aims to peak carbon dioxide emissions before 2030 and to achieve carbon neutrality before 2060.

The country’s national carbon market covers about 4.5 billion tonnes of carbon dioxide emissions, making it the largest globally after one year’s operation, said Zhao Yingmin, head of the Chinese delegation to the 27th session of the Conference of Parties to the United Nations Framework Convention on Climate Change on November 8 in Sharm El-Sheikh, Egypt.

China’s biggest maker of electric and hybrid cars, BYD, signed an agreement in September with Thailand’s industrial estate developer WHA Group to build a new electric vehicle (EV) factory in the country with a planned annual production capacity of 150,000 units.

With an aim to grow its EV market in hope of establishing 30 percent of its auto production as EV based, Thailand has introduced a new round of investment and promotion policies to encourage investment in the whole industrial chain of electric vehicles this year, according to the China Council for the Promotion of International Trade in February.

BYD’s entry into Thailand will help its auto industry move closer to that goal, as well as help the country become a global hub for EV manufacturing, said WHA’s co-founder and chairman Jareeporn Jarukornsakul.

The automaker hoped its EV technology will contribute to the country’s EV industry, said Liu Xueliang, the general manager of BYD Asia-Pacific Auto Sales Division.

China has urged its businesses to integrate green development throughout the overseas investment and cooperation, according to a guideline issued by China’s Ministry of Commerce and Ministry of Ecology and Environment in 2021.

Source(s): CGTN

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World’s largest clean energy corridor supplies China with electricity

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As a strong cold wave hits China, the national electricity load has continued to climb. In the face of the coming peak electricity consumption, power companies have made every effort to ensure a safe and stable supply of electricity.

The world’s largest clean energy corridor along China’s Yangtze River produced over 276 billion kilowatt-hours of electricity last year, up 5.34 percent year on year. The increase is equivalent to reducing standard coal consumption by around 83 million tonnes and lowering carbon dioxide emissions by more than 200 million tonnes.

The corridor, consisting of six mega hydropower stations, was completed in December 2022, with the Baihetan hydropower station in its upper section fully operational.

The other five stations along the corridor are the Wudongde, Xiluodu, Xiangjiaba, Three Gorges and Gezhouba power stations.

The six hydropower plants transmit electricity from the resource-rich west to energy-consuming regions in the east, with a total installed capacity of around 71.7 million kilowatts.

The corridor can generate electricity from a single drop of water six times, with an average annual clean energy output of about 300 billion kilowatt-hours, which can meet the annual electricity consumption needs of more than 300 million people.

Source(s): CGTN

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China plays leading role in world’s transition towards renewable energies: IRENA

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China is playing a leading role in the world’s just transition towards renewable energies, the Deputy Director-General of the International Renewable Energy Agency (IRENA) Gauri Singh told Xinhua on Monday on the sidelines of the ongoing World Governments Summit in Dubai.

“China has always played a very important role in renewable energy,” Singh said while extending her greetings to the Chinese people for the Chinese New Year, which falls on February 10.

“The Year of the Dragon embodies the spirit of courage, vitality, and ambition. We all need to be ambitious in how we view our common future and the future of the planet,” she said.

The IRENA, with 169 members, is a leading global intergovernmental organization to promote world renewable transition, support countries in their energy transitions, and provide up-to-date data and analyses on green tech innovation, policy, finance and investment.

Thanks to China’s role as a hub for manufacturing, which drives down green transition costs, a large number of countries were able to advance their national plans more smoothly, according to Singh.

According to the IRENA’s Renewable Capacity Statistics 2023 published in March last year, China accounted for about 48 percent of the increase in global total renewable capacity in 2022.

Two-thirds of the new hydropower capacity, 45 percent of the new solar capacity, half of the new wind capacity, and 57 percent of the new bioenergy capacity in 2022 were installed in China.

“The beauty of what China does is that they just go and just get it done. I think that is a very important aspect of how they’re also looking at international collaboration and cooperation,” Singh said.

Singh added, however, there are three main challenges for the world to overcome in the renewable energy sector.

“One is that we still don’t have the infrastructure in place to support the transition from centralized power plants to renewable energy,” she explained.

“The second remains that this is a sector that’s policy-driven. Policies need to be in place and they need to enable the transition to happen.”

Thirdly, Singh said that more manpower and skills will be required to support the transition.

“We need to make sure that it’s a just energy transition. We can’t leave behind certain parts of the world and move forward because that’s not how it will happen,” she said.

“The role China plays in supporting a lot of developing countries to be able to reform and to build assets in the new energy system is incredible. If that continues and more of it happens, then we will really be able to talk about a just energy transition.”

The United Arab Emirates (UAE) is hosting the World Governments Summit from February 12-14 in a bid to help states develop proactive solutions for future challenges.

The 11th edition of the summit brings together more than 4,000 delegates, representatives of international organizations, opinion leaders, and private sector leaders from around the globe.

During the summit, more than 120 government delegations and 80 international organizations are discussing sustainable economic growth, artificial intelligence, future governments, education, healthcare services, food security and urban expansion.

Source(s): CGTN

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China makes remarkable progress in developing advanced aeroengines

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China has developed a series of advanced small- and medium-sized aeroengines represented by “Yulong” (Jade Dragon), AES100, AEF100 and AEP100, according to a symposium on the latest development of domestic aeroengines held in Beijing on Wednesday.

Aeroengine, or aircraft engine, is known as the “pearl in the crown” of modern industry and is a technical peak that is pursued by world powers.

The Yulong turboshaft aeroengine is the first entirely domestically developed engine that has completed the whole process from pre-research, development, mass production, operation to further progress, during which China has formed strong capabilities in product research and development, verification, and system and talent support.

The AES100 engine is developed in strict accordance with airworthiness regulations, featuring an international advanced level in its comprehensive performance.

It can be applied in twin-engine helicopters of 5 to 6 tonnes or single-engine helicopters of 3 to 4 tonnes, for multiple purposes such as sightseeing, patrolling, police service and rescue.

The AEF100 engine meets the power needs of 5-tonne business jets and 3-to-5-tonne high-altitude unmanned aerial vehicles (UAVs). It boasts advanced design of low noise, low emission and high reliability.

The AEP100 engine fits a 3-to-10 tonne UAV or 6-tonne general aircraft and business jet, with economic, safe and reliable features.

The country has also developed hybrid power systems, including the turbine engine powered by hydrogen fuel, which will reduce carbon emissions.

Source(s): CGTN

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