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First In-Person Mobile World Congress in Over a Year Gets Underway in Shanghai Jin Yezi First In-Person Mobile World Congress in Over a Year Gets Underway in Shanghai (Yicai Global) Feb. 24 -- The organizer of the Mobile World Congress, a global conference series for emerging mobile trends, kicked off its first physical event in more than a year yesterday. The GSM Association stages three MWC events a year: Barcelona in February, Shanghai in June, and Los Angeles in October. All three were canceled last year due to the Covid-19 pandemic. This year, Shanghai was scheduled ahead of Barcelon...

China's Electric Power Development Surges on USD1.6 Billion Solar, Wind Power Plans Tang Shihua China's Electric Power Development Surges on USD1.6 Billion Solar, Wind Power Plans (Yicai Global) Feb. 24 -- Shares of Guangdong province-based Electric Power Development rose after the Chinese electric utility said that it will invest CNY10.5 billion (USD1.6 billion) in photovoltaic and wind power projects in western China over the next three years. EPD's stock price [SHE:000539] was 3.3 percent up at CNY3.75 (58 US dollar cents) in the afternoon after jumping as much as 7.7 percent earlier. T...

China's Kaishan Compressor Buys Warren Buffett’s Geothermal Project in US for USD5.1 Million Dou Shicong China's Kaishan Compressor Buys Warren Buffett’s Geothermal Project in US for USD5.1 Million (Yicai Global) Feb. 18 -- China's Kaishan Compressor has spent USD5.1 million to buy its third geothermal project in Nevada from Warren Buffett's flagship investment company. Kaishan acquired the Fish Lake project from Berkshire Hathaway’s units for USD3.2 million, the Zhejiang province-based firm said in a statement today. It also splurged USD1.9 million on a related land leasing contract...

China’s Trade With Central, Eastern Europe Exceeded USD100 Billion for First Time in 2020 Kang Kai China’s Trade With Central, Eastern Europe Exceeded USD100 Billion for First Time in 2020 (Yicai Global) Feb. 8 -- China’s trade with Central and Eastern European countries surpassed USD100 billion for the first time ever last year as cooperation has increased quickly due to the welcoming business environment, better connectivity, and the Covid-19 pandemic. China's trade volume with 17 Central and Eastern European countries totaled USD103.5 billion last year, up by 8.4 percent from 2019...

China’s Fourth Round of Drugs Bulk-Buying Could Force Down Prices by 96% Zhang Yushuo China’s Fourth Round of Drugs Bulk-Buying Could Force Down Prices by 96% (Yicai Global) Feb. 4 -- China’s latest centralized drug procurement program is expected to push the prices of nearly 160 products down as much as 96 percent in May, slashing the nation’s annual outlay on drugs by CNY12.4 billion (USD1.9 billion). The 158 medicines, which were included in a preliminary list, treat conditions such as hypertension, diabetes, digestive diseases, mental illnesses, and malignant tumors, the Nation...