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Are Huge Tree Planting Projects More Hype than Solution? High-profile programs aimed at planting billions of trees are being launched worldwide. But a growing number of scientists are warning that these massive projects can wreck natural ecosystems, dry up water supplies, damage agriculture, and push people off their land. In late January, the multibillionaire Elon Musk took to Twitter and abruptly announced, “Am donating $100M towards a prize for best carbon capture technology”. This triggered a deluge of sarcasm across the platform: “You mean, like, trees?” “I planted a tree, do I...

China's major state-owned banks posted higher net profits in 2020 despite the impact of the COVID-19 epidemic and volatile market situations.   Six state-owned banks raked in nearly 1.14 trillion yuan (about 173.82 billion U.S. dollars) in net profits attributable to shareholders in 2020, up around 1.93 percent year on year, according to last year's financial results of these banks.   Postal Savings Bank of China registered the highest yearly profit growth of 5.36 percent, followed by Bank of China and Agricultural Bank of China, which reported increases of 2.92 percent and 1.8 percent in n...

2021-04-01 13:20:28 GMT2021-04-01 21:20:28(Beijing Time) Xinhua English BEIJING, April 1 (Xinhua) -- China's major state-owned banks posted higher net profits in 2020 despite the impact of the COVID-19 epidemic and volatile market situations. Six state-owned banks raked in nearly 1.14 trillion yuan (about 173.82 billion U.S. dollars) in net profits attributable to shareholders in 2020, up around 1.93 percent year on year, according to last year's financial results of these banks. Postal Savings Bank of China registered the highest yearly profit growth of 5.36 percent, followed by Bank ...

Bank of China Appoints Ex-Head of China Everbright Bank Liu Jin as President Du Chuan Bank of China Appoints Ex-Head of China Everbright Bank Liu Jin as President (Yicai Global) March 17 -- Bank of China, one of China's Big Four banks, has appointed the former president of joint-stock lender China Everbright Bank as its president in the latest in a string of executive shuffles. Liu Jin will also hold the positions of executive director, vice chairman and member of the strategic development committee of the board, the Beijing-based bank said yesterday. He replaces Wang Jiang who left on Feb...