China’s new energy sector moves into high gear amid pursuit for carbon goals
As construction of large-scale wind and photovoltaic power bases accelerates, China’s new energy sector is expected to have greater growth potential this year amid efforts to achieve “dual carbon” goals. In Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, the construction of a wind power and photovoltaic base by China Huadian Corporation with a…
CommSec Morrning Report Tuesday, 9Augest 2022
Latest news In US economic data, consumer inflation expectations fell from 6.8% to 6.2% in July (survey: 6.7%). European sharemarkets rose on Monday. The pan-European STOXX 600 index rose by 0.7%. Leading the gains were financial services (+1.7%) and autos (+2.1%) but healthcare was flat. Danish brewer Carlsberg rose 1.5% after lifting its profit growth…
Morning Report Wednesday August 10, 2022
Latest news In US economic data, the NFIB business optimism index rose from 89.5 to 89.9 in July (survey: 88). The IBD/TIPP economic optimism index fell from 38.5 to 38.1 in August (survey: 38.6). The Redbook measure of chain store sales rose by 10.4% over the year, down from 15.5% in the prior week. Unit…
China’s non-ferrous metal sector logs output growth in H1
China’s non-ferrous metal industry saw steady output expansion in the first half of the year, official data showed. The output of 10 types of non-ferrous metals reached 32.83 million tonnes in the reporting period, up 1 percent year on year, according to the Ministry of Industry and Information Technology. The 10 leading non-ferrous metals are…
Virtual power plants gain steam amid China’s rising power demand
At a shopping mall in the heatwave-hit Jiangsu Province, customers barely felt any temperature change while the air conditioners kept readjusting their electrical load to ensure grid stability during peak hours. This is a typical scenario where a virtual power plant works. With scorching weather lingering and economic activity picking up, virtual power plants are…
Environmental services section to debut at China services trade fair
The upcoming 2022 China International Fair for Trade in Services (CIFTIS) will focus on environmental services for the first time, according to Beijing Capital Group Exhibitions & Events, one of the event’s organizers. Focusing on such areas as low-carbon energy, carbon economy, carbon neutrality and green technology, the fair will showcase the most recent achievements…
CommSec Morning Report Monday, 8August 2022
Latest news In US economic data, non-farm payrolls rose by 528,000 in July (survey: 250,000). The unemployment rate fell from 3.6% to 3.5% (survey 3.6%). Average hourly earnings rose by 0.5% (survey: 0.3%). Consumer credit rose by US$40.15 billion in June (survey: US$25bn.) European sharemarkets eased on Friday as investors weighed up strong US jobs…
Evening Report
Latest News The Aussie sharemarket finished near session highs and rose for the first time in three days, with the ASX 200 up 40.7pts or 0.58 per cent, to 7015.6. The mining sector did much of the heavy lifting today after it rose by 1.9 per cent – the strongest rally it’s had this week….
China’s coastal bulk freight index up in July
China’s coastal bulk freight market saw an expansion in July as high temperatures in various parts of the country pushed up the demand for energy, industry data showed. On a monthly basis, the composite index for coastal bulk freight, which measures transportation costs in the coastal shipping market, rose 8.9 percent to 1,142.32, according to…
NW China’s Shaanxi sees foreign trade up 6 pct in H1
The foreign trade in northwest China’s Shaanxi Province rose by 6 percent year on year to over 236.2 billion yuan (about 34.9 billion U.S. dollars) in the first half of this year, authorities said. During the period, the province’s exports stood at over 144.2 billion yuan, up by 28.7 percent year on year, while its…
