Chongqing, China, is receiving 20 million yuan from the National Development and Reform Commission for post-disaster recovery following severe floods and geological disasters. The funds will support the repair of damaged infrastructure, schools, and hospitals to restore normal life.
China's top economic planner, the NDRC, denied pressuring domestic tech firms to reject foreign investment, following concerns sparked by its blocking of Meta's proposed buyout of AI startup Manus. Spokesman Li Chao stated support for international collaboration but emphasized adherence to China's rules and national security.
China's National Development and Reform Commission (NDRC) forecasts peak electricity demand to reach 1.6 billion kilowatts this summer, an increase of 90 million kilowatts from last year. The NDRC is implementing measures to ensure stable energy supply amidst predictions of higher temperatures and potential extreme weather events.
China's National Development and Reform Commission (NDRC) anticipates that prices will continue to operate within a reasonable range. In April, the CPI rose 1.2% year-on-year, and the PPI rose 2.8%, reflecting demand shifts, policy effectiveness, stable living costs, and effective responses to external shocks.
China Electric Power News reports on a new carbon capture technology by Jiangnan Environmental Technology that uses ammonia to convert sulfur dioxide and carbon dioxide from coal emissions into fertilizer, offsetting capture costs.
Beijing is moving to make green electricity usage a key metric in the operation of new data centre projects, as part of a major push to align the rapid expansion of artificial intelligence with national carbon goals, according to an action plan released Friday. The policy document, jointly released by four bodies – the National Energy Administration, National Development and Reform Commission, Ministry of Industry and Information Technology and National Data Administration – encouraged operators...
China has stepped up its tech war with the United States, blocking Facebook owner Meta’s US$2.5 billion acquisition of artificial intelligence (AI) start-up Manus and raising cybersecurity concerns about Anthropic’s new AI model Claude Mythos Preview. The National Development and Reform Commission (NDRC) announced it was prohibiting the Manus deal in a one-sentence statement on Monday, which didn’t give a specific reason. Meta is now planning to unwind the acquisition, which means untangling...
Beijing has blocked the proposed purchase by Meta Platforms of artificial intelligence firm Manus, a start-up that is officially registered in Singapore but developed its products in mainland China. The National Development and Reform Commission, the country’s top economic planner, announced the ruling in a statement on Monday, and asked the parties involved in the deal to cancel the transaction. Neither Meta nor Manus immediately responded to a request for comment on Monday. The decision...
A Chinese official has warned that evolving international circumstances present both opportunities and risks for China, citing increasing geopolitical conflicts, rising hegemonic ambitions, and intensifying competition for energy and critical minerals. The article highlighted vulnerabilities in global supply chains, particularly disruptions through the Strait of Hormuz, while noting China's proactive oil stockpiling has helped buffer economic impacts.
