China’s central government will direct part of its budget to pilot projects featuring advanced green and low-carbon technologies to support the country’s 2060 carbon-neutral goal, boost its weak economy and gain a competitive edge in the global green tech market, authorities said on Wednesday.
The National Development and Reform Commission (NDRC), which regulates new investments and production capacity in China s auto industry, gave the nod for EV manufacturing to Beijing-based Xiaomi earlier this month, said the people.
(Bloomberg) Beijing is poised to implement sweeping new regulations for artificial intelligence services this week, trying to balance state control of the technology with enough support that its companies can become viable global competitors. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With Primary
China has released its first national-level guidelines for establishing standards for the hydrogen energy industry, as the clean fuel plays an increasingly important role in the country’s carbon-neutral ambitions.