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Category archives: Business

GUANGZHOU -- Erected on sea water, arrays of photovoltaic panels glow in the sun while fishers paddle in the interspace. This is not a plot in science fiction movies, but an actual scene in Haiyan township, Jiangmen city, South China"s Guangdong province. As a manufacturing heartland and leading foreign trade province, Guangdong accounted for 10.9 percent of China's GDP last year, with only around 7 percent of the country's energy consumption, according to the National Bureau of Statistics. Renewable energy development At the end of 2021, the first phase of a 500-megawatt solar power project was launched in the township.

BEIJING -- The number of Chinese private enterprises quadrupled in the past decade amid efforts to optimize the business environment, the country's top economic planner said Tuesday. China's private enterprises increased from 10.85 million in 2012 to 44.57 million last year, Su Wei, deputy secretary general of the National Development and Reform Commission, told a press conference. Su attributed the expansion of private enterprises to the improved business environment for the non-public sector, as the country has vigorously spurred the development of various economic entities over the decade. China has long attached great importance to the private economy, encouraging it

Debt-laden China Evergrande Group said on Tuesday that a winding-up petition will not affect the group"s restructuring schedule, while experts said the petition does not necessarily mean bankruptcy for the property developer. China Evergrande said in a filing to the Hong Kong bourse on Tuesday morning that a winding-up petition from Top Shine Global Ltd of Intershore Consult (Samoa) Ltd was filed, and a hearing for the lawsuit is scheduled to be held on Aug 31. The petition was made for China Evergrande's failure to fulfill a financial obligation of HK$862.5 million ($110 million), and it was filed in the