A highly likely round of safety inspections at China’s coal mines may worsen the already tight supply in the nation, after a mine in Northwest China’s Qinghai Province was flooded by mud, which in turn could boost imports from Russia and Mongolia, industry experts said on Sunday.
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China’s economic recovery pushes coal mines to increase yield
Zhang Dan Published: Apr 08, 2021 08:14 PM
View of piles of coal on a quay in Rizhao, East China s Shandong Province Photo: cnsphoto
China s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising prices, an energy expert said following a meeting requiring coal plants to increase production to the maximum level.
The nation s top economic planner, the National Development and Reform Commission (NDRC) convened a meeting of the coal department of the National Energy Administration, China Railway, state-owned generators, coal miners Shenhua China and China Coal Group, the world s largest public coal terminal Qinhuangdao Port, and relevant associations on Wednesday, futures news site qhrb.com reported, citing people familiar with the matter.
Chinese cultural expert refutes lawmaker’s proposal to establish day dedicated to traditional Chinese costume at the two sessions
Chen Xi Published: Mar 07, 2021 06:47 PM
Fans of hanfu, the traditional clothing of China s Han ethnic group, celebrate the Mid-Autumn Festival on Sep 13, 2019 in Qingdao, E China s Shandong Province.Photo:Xinhua
A proposal to establish Hanfu Day, a holiday focused on the traditional clothing of the ethnic Han Chinese , at the two sessions has sparked heated discussions on Chinese social media, with netizens flooding the platform with posts covering both the pros and cons of such a move.
The proposal was put forward by Cheng Xinxiang, an intangible cultural heritage inheritor of Xiang embroidery and also a deputy of the 13th National People s Congress.
SOURCE / ECONOMY
Carbon trading key to 2060 neutrality target By Global Times Published: Jan 26, 2021 06:08 PM
View of piles of coal on a quay in Rizhao, East China s Shandong Province Photo: cnsphoto
China s securities regulator approved the establishment of the Guangzhou Futures Exchange in South China s Guangdong Province on Friday, making it the fifth futures exchange center in China, raising speculation on whether carbon emission allowance futures will become the first trading class to feature on the index.
Apart from the Guangzhou Exchange, China also has the Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange and China Financial Futures Exchange.
Approved by the State Council, the China Securities Regulatory Commission (CSRC) officially approved the establishment of the Guangzhou Futures Exchange, which will play a critical role in improving the capital market system, Gao Li, spokesperson for the CSRC, said on Friday.