Tag Archives: Li Keqiang

Business, China, Energy

Premier Li Keqiang’s government work report is very down to earth

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BEIJING, March 5 (Greenpost) — The 13th National People’s Congress (NPC), China’s national legislature, opened its second session Tuesday morning at the Great Hall of the People in Beijing.

Xi Jinping and other leaders of the Communist Party of China and the state were present at the opening meeting, which was attended by nearly 3,000 NPC deputies.

Li Keqiang delivered the government’s work report on behalf of the State Council to the legislature for deliberation.

Li said though China faced a complicated and challenging environment rarely seen in many years with the economy under new downward pressure, the nation managed to accomplish main targets for economic and social development in 2018.

Looking to 2019, Li said it is necessary to sustain healthy economic development and maintain social stability to create a pivotal underpinning for completing the building of a moderately prosperous society in all respects and to mark the 70th anniversary of the founding of the People’s Republic of China with outstanding accomplishments.

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China plans more cross-border e-commerce zones

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BEIJING, Jan. 6 (Greenpost) — China will set up more cross-border e-commerce pilot zones, the State Council announced Wednesday.

The zones will attract businesses, help create jobs and nurture new business models to boost foreign trade and stimulate the economy, according to a statement released after an executive meeting of the council chaired by Premier Li Keqiang.
They will be built in cities in China’s east, center and west that have good infrastructure and a good trade and e-commerce base.
The move follows the approval of the Hangzhou cross-border e-commerce pilot zone in March last year, which is based on open information sharing between businesses, financial institutions and regulators, one-stop online financial services, smart logistics and open e-commerce credit systems.
Efficient services will help businesses cut costs, said the statement.
Following its inspections last year, the State Council cited 50 provincial regions, cities, districts and counties for good work in shantytown renovation and other major projects and promised them policy support and funding.
However, it also said more than 900 officials have been punished for inaction found in the inspections.  Enditem

 

Business, China, Chinese circle

Li Keqiang urges less overcapacity, more innovation

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TAIYUAN, Jan. 5 (Xinhua) — China must put “unyielding effort” into eliminating excess industrial capacity to make way for new growth engines, especially mass entrepreneurship and innovation, Premier Li Keqiang has said.

Li made the remarks during the first inspection tour of 2016 on Monday and Tuesday in north China’s Shanxi Province, which is known for large coal reserves and output.

After visiting Taiyuan Iron and Steel Group, a world-leading stainless steel producer, Li said the steel sector is suffering badly from excessive production and flagging demand.

“China should put unyielding effort into restructuring by eliminating outdated capacity and forbidding the construction of new capacity,” he said.

Companies should take pains in enhancing technology, quality and management to expand the country’s effective supply with more quality products, Li said.

In a coal mine of Xishan Coal Electricity Group, Li took a tramcar more than 300 meters underground to talk with miners and check the company’s safety conditions.

“The coal mining sector is facing hardship it has rarely seen in the face of a serious glut and plunging prices,” he said.

Mines should take the initiative in reducing output while helping laid-off workers find new jobs, according to the premier.

Li also visited a technology park in Taiyuan with more than 200 high-tech companies.

“China has huge market potential and bright prospects; growth impetus from innovation will create new jobs,” Li said.

He vowed more government support for entrepreneurs.

The premier then went to a shantytown that will be renovated into apartment buildings this year, urging local governments to lessen people’s wait times before moving into the new buildings.

He also urged companies to innovate and take risks, after visiting a museum on ancient Shanxi merchants who played a dominant role in finance and trade during the Ming and Qing dynasties.  Enditem

Business, China, Chinese circle, Energy, Environment, Green-tech, Indepth, News

China Focus: China likely to introduce new coal-power link regime after cutting thermal power price

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BEIJING, Dec. 24 (Xinhua) — China will cut the on-grid price of electricity generated by coal-fired power plants and sold to the country’s power grid operators in a bid to cut emissions and reduce the burden on industrial enterprises.

In addition, the country is mulling over a new mechanism that will better link the fluctuation of coal prices with power prices. The new mechanism is expected to be rolled out soon, according to people with knowledge of the matter.

China will lower the on-grid thermal power price by an average of 0.03 yuan per kilowatt-hour (kWh) starting from Jan. 1, 2016, according to a statement released on Thursday after a State Council executive meeting presided over by Premier Li Keqiang.

The government will continue to impose punitive power prices on sectors that consume a lot of energy on a tier basis, the statement said.

The price cut is expected to hurt performance of coal-fired power companies in 2016, said Deng Shun, a coal industry analyst with ICIS.

Prior to the announcement, the government has pledged to lower electricity prices, push forward the marketization reform of the power industry, and improve the mechanism that links prices of coal and thermal power.

The move is hailed by industry experts as a step forward in a reform that aims to let the market play a bigger role in deciding power prices.

The cut in the on-grid price of coal-fired power signals that there will be big changes in the coal-electricity link regime, according to Lin Xiaotao, a coal industry analyst with market research firm ICIS.

The National Development and Reform Commission (NDRC), China’s top economic planner, launched a coal price index in September, which reflects the prices of coal with a fuel value of 5,000 kilocalories per kilogram.

The index, seen by many as preparation for the new coal-power link mechanism, will enable the market to see the direction of future power price adjustments, according to Lin.

Coal prices in China are largely decided by the market after years of reform. The market will play an increasingly bigger role in power prices, according to Deng. (Edited by Huang Xiaolan, huangxiaolan@xinhua.org)

Editor Xuefei Chen Axelsson

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China eyes high-level talents to boost innovation

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BEIJING, Nov. 30 (Greenpost) — China is eying high-level talents to accelerate its national strategy of mass entrepreneurship and innovation.
In a meeting with representatives of Chinese postdoctoral researchers on Monday, Premier Li Keqiang encouraged them to concentrate on innovative studies to make technological breakthroughs and focus on market demand to actively transform research achievements into productivity.
Li said Chinese researchers should also strengthen international exchanges and cooperation and participate in global competition.
His words came in as China celebrated the 30th anniversary of its postdoctoral system, which has covered all disciplines and major fields of economic and social development.
“Postdoctoral researchers have made their own contribution in economic and social development, scientific research and industrial upgrade,” Li said.
He urged more efforts to build a better postdoctoral system that values talents and facilitates innovation.    Enditem

Source Xinhua

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China to champion eco-vehicles with favorable policies

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BEIJING, Sept. 23 (Xinhua) — China has further proved it is committed to cutting harmful emissions with a slew of measures to support electric vehicles, according to a State Council statement on Wednesday.

To promote growth of the burgeoning sector, more charging stations and inter-city fast-charge stations should be built, according to the statement released after a State Council executive meeting presided over by Premier Li Keqiang.

New residential complexes should ensure that all parking lots have charging facilities or space should be left for such facilities, while no less than 10 percent of parking lots in large public buildings or public car lots should have charging facilities, the statement said.

The government said it would welcome private investment in the project, it said.

China will provide tax and land support, allow privately-owned parks to collect fees and support favorable financing options for construction projects, according to the statement.

The new energy vehicle sector in China has seen explosive growth in the past two years, thanks to subsidies and tax cuts.

In the first eight months of this year, sales of new energy vehicles surged 270 percent to 108,654 vehicles, according to the China Association of Automobile Manufacturers. Enditem

 

Business, China, Environment, Green-tech, World News

China to draw international experience in urbanization

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DALIAN, Sept. 9 (Xinhua) — Premier Li Keqiang on Wednesday welcomed deeper cooperation between developed and developing nations to improve China’s urban development and planning.

“Each and every country has its own unique strengths, or comparative strengths, in its urbanization process,” Li told business leaders during the annual meeting of the New Champions, also known as the Summer Davos Forum.

Noting China’s urbanization rate at only 55 percent, the premier said China’s urbanization remains a long-term process and will provide vast room for domestic demand.

Acknowledging challenges in rapid urbanization, Li said China will press ahead with the large-scale renovation of low standard housing, where about 100 million urban residents deserve modern living conditions.

The premier added that China is developing underground infrastructure, with latest progress having been made in underground urban utility pipeline networks.

The Summer Davos Forum is being held from Sept. 9-11 in China’s northeastern city of Dalian. Li is expected to give a keynote speech on Thursday. Enditem