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Liu Youbin, spokesperson for China’s Ministry of Ecology and Environment (MEE) reiterated at a press conference on July 26 that producers from the other carbon-emitting industries including steelmaking, cement and other construction materials will join the country’s power houses in nationwide carbon emission quota trading once the conditions are met.
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China’s total electricity generation capacity from all forms of energy is forecast to increase by 7.7% on year this year to reach 2.37 billion kW, according to a report by China Electricity Council on July 23. Within the total, by year’s end the portion fuelled by non-fossil energy will reach 1.12 billion kW, exceeding coal-fired electricity capacity at 1.1 billion kW, the council predicts.
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Shortly after the first release of copper, zinc and aluminum reserves through an open auction on July 5-6, China’s National Food and Strategic Reserves Administration (NFSRA) will release the second batch of reserves of these metals via the same means on July 29, the National Development and Reform Commission shared in three posts through its WeChat account on July 21.
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Over January-June, China’s production of all the four mainstream white goods still grew on year though at a slower pace of 5.6-33.5% against the 10.2-37.3% on-year growths for the first five months of 2021, as their June output fell on month, Mysteel Global noted from the latest data released by China’s National Bureau of Statistics (NBS) on July 19.
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China’s power supply has been under serious test since the start of 2021, firstly in winter because of the extremely cold weather in some regions together with the surging power consumption in many industrial sectors as a result of heavy government spending and fixed asset investments to cushion the domestic economy from the blow of the COVID-19.
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HBIS Group (HBIS), a top-tier steel mill with all the core steelmaking facilities in North China’s Hebei province, is joining with South Korea’s largest steelmaker POSCO in a joint venture to produce and sell automotive steel sheet in Hebei’s Tangshan city, according to the official posts released by the two companies.
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China’s consumption of all types of energy increased 10.5% on year over January-June, reversing up from the 0.2% on year drop during H1 last year when the coronavirus was raging nationwide. For H1 this year, the percentage of clean energy in all energy consumed edged up by 0.4 percentage point on year, while that for coal declined 0.3 percentage point on year, according to a recent post by the National Bureau of Statistics (NBS).
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China released all its key economic development data for the first half of 2021 by last week, and related governing organizations also held press conferences to explain the key points of the data on the day of releases where senior officials emphasized the country’s economic growth had been further optimized and is heading towards the desired track via the heavy reliance on the country’s huge domestic market.
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Privately-owned enterprises have been with greater significance in China’s foreign trade, as among the 479,000 firms involved in foreign trade in the first half of 2021, 397,000 or 82.8% of the total were privately-owned, Li Kuiwen, spokesperson of the country’s General Administration of Customs (GACC), shared at GACC’s press conference on July 13.
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China’s fixed asset investment (FAI) increased 12.6% on year in the first half of 2021 to Yuan 25.6 trillion ($3.96 trillion), and among the total, the funding in the property market grew 15% on year to Yuan 7.2 trillion, according to the release by the country’s National Bureau of Statistics (NBS) on July 15.
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China's gross domestic product (GDP) grew 12.7% on year over January-June, approximating Yuan 53.2 trillion ($8.23 trillion), and for the second quarter of 2021, the GDP grew 7.9% on year, confirming that China’s national economy had been recovering steadily with all the key macro-economic indicators having returned to the reasonable levels, the country's National Bureau of Statistics (NBS) commented on July 15 when releasing the data.
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Over January-June, China's fixed asset investment (FAI) grew 12.6% on year to Yuan 25.6 trillion, among which that in the property market grew 15% on year to Yuan 7.2 trillion, according to the release by the country's National Bureau of Statistics on July 15. A detailed report will be posted
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Auto sales and production in China in June declined on year for the second successive month, falling by 12.4% and 16.5% respectively, the latest data released by the China Association of Automobile Manufacturers (CAAM) published on July 9 showed.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry remained largely steady in June, or down merely 0.1 basis point on month to 50.9, or having been in the expansion zone for 16 months, indicating that the manufacturing sector had been in a continuing and steady expansion, the country’s National Bureau of Statistics (NBS) shared in a release on June 30.
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Among China’s sizable industrial firms, the gross profit of those nonferrous metals smelting and fabricating firms grew 387%, and that of the steelmaking and fabricating firms up 377% on year over January-May, both being much higher than the 83.4% on-year gain for all nationwide, according to the data released by the country’s National Bureau of Statistics (NBS) on June 27.
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Over January-May, China’s production of all the four traditional white goods grew two digits on year by 10.2-37.3%, though the pace slowed from 14.2-44.8% for the first four months of 2021 due to lower on-month production in May, Mysteel Global noted from latest data released by China’s National Bureau of Statistics (NBS) on June 22.
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The power supply constraints in the southern part of China, particularly in Guangdong and Yunnan provinces, had eased by mid-June thanks to power rationing to industrial enterprises, additional transmissions from the national grid, and increases in generation capacity utilization among local power stations, according to Meng Wei, the spokesperson of the National Development and Reform Commission (NDRC).
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China’s National Development and Reform Commission (NDRC) has publicized a 10-page trial version of regulations regarding commodities and service pricing indices compilation, release, maintenance, assessments, ownership transfer and discontinuation on June 17 on its website, which will be effective on August 1 for three years, with the aim to better maintain the related market orders and regulate the bulk commodities prices.
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China’s major fossil energy production and electricity generation in May continued to grow on year, though the paces of growth for some sectors such as natural gas and thermal power slowed from April, according to data from China’s National Bureau of Statistics (NBS).
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China’s fixed asset investment (FAI) increased 15.4% on year over January-May to approximately Yuan 19.4 trillion ($3.03 trillion), and among the total, the funding in the property market grew faster by 18.3% on year to Yuan 5.43 trillion, according to the release by the country’s National Bureau of Statistics (NBS) on the afternoon of June 16.
