BEIJING - China plans to improve a subsidy bidding mechanism, newly launched this year, to lower subsidies in the solar photovoltaic (PV) sector, according to the National Energy Administration (NEA).Results of state subsidy bidding for PV power generation projects in 2019 unveiled earlier this month included 3,921 projects with a total installed capacity of about 22.79 million kilowatts.About 870,000 kilowatts of bid-winning projects have been connected to the electricity grid so far, with a fu… Read More >>

The State Council issued a circular on July 18 outlining measures to form professional drug-inspection teams, as part of efforts to strengthen drug supervision and guarantee drug safety.According to the circular, drug inspectors will be recognized by drug authorities and authorized to conduct compliance verification and risk judgment on places where drugs are developed and produced, as well as ensure that drugs are produced in accordance with laws and regulations.The drug teams will be establish… Read More >>

Mercedes-Benz showcased its first fully electric sport utility vehicle - the EQC - in Shanghai on Tuesday, together with its three technical directions it is heading with its electrification, as part of the German automaker's efforts to realize its vision for zero-emissions mobility.To improve its electric safety, the model has an auxiliary frame which provides structural protection for the front motor, and an integrated anti-collision frame over the battery pack.The EQC has been tested over 4.5… Read More >>

BERLIN - China's proposed Belt and Road Initiative (BRI) has been creating opportunities for German enterprises, said Hans von Helldorff, speaker of the board of the Federal Association of German Silk Road Initiative (BVDSI), in an interview with Xinhua on Monday."The future markets and the new markets, for example, are in Asia, Africa as well as eastern and southern Europe. They are not so well-connected. China has been providing the connections, thus it will generate great opportunities," said… Read More >>

BEIJING — China ramped up the issuance of special local government bonds to support economic growth and maintain reasonable and ample liquidity in the market, according to a notice on local government bonds issued on June 10.Local governments and financial institutions are encouraged to use special bonds and other market-based financing methods to support key areas and major projects such as the coordinated development of the Beijing-Tianjin-Hebei region and the construction of the Yangtze Rive… Read More >>