Optimism is growing despite downward pressure on China's steel industry, with experts predicting a better supply-demand balance thanks to the country's efforts to stabilize growth, new policies for managing crude steel production, and increasing demand from emerging sectors like new energy vehicles and solar power.
The Qiantun No 5 electric power station area of the State Grid Xiajin Power Supply Company was completed and put into operation on Sept 22.
The deep-sea large hydrographic survey vessel Hai Xun 08, designed by Marine Design and Research Institute of China and built by Jiangnan Shipyard (Group) Co., Ltd., two subsidiaries of China State Shipbuilding Corporation Limited, was recently formally commissioned at the East China Sea Navigation Service Center of China's Maritime Safety Administration.
China Green Development Investment Group(CGDG) launched a theme activity on its dual carbon goals and green future on Sept 22.
The world's largest floating storage and regasification unit (FSRU), the "Bauhinia Spirit", was put into operation in Hong Kong, marking the official commencement of operations of Hong Kong's offshore liquefied natural gas (LNG) terminal.
The investment of China's centrally administrated State-owned enterprises (SOEs) in strategic emerging industries surged about 30 percent from a year earlier in the first eight months of 2023, according to the country's top state-asset regulator.
While many people in China took more than a week off from work to celebrate the Mid-Autumn Festival and the National Day, State-owned builders continued working through the holiday to complete key projects on schedule.
China's key centrally administered State-owned enterprises and financial institutions have been directed to fully and accurately embrace the new development philosophy, adhere to their functional roles, and conduct comprehensive reviews and rectification of risks and hidden dangers.
