[Manufacturing Industry: China's Economy is Stable and Powerful for Improvement] Since 2024, the Chinese economy has continued to rebound and show a positive trend, with steady growth and progress in structural adjustment. From a good start at the beginning of 2024 to an excellent performance report in the first quarter, China's high-quality economic development has been solidly promoted, with an increase in positive factors in economic operation and a continuous strengthening of development momentum, showing characteristics of rapid growth, structural optimization, and improved quality and efficiency. Recently, the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the May China Purchasing Managers Index, which showed that the manufacturing purchasing managers index in May was 49.5%, a decrease of 0.9 percentage points from the previous month, indicating a slight correction in the index. From the perspective of sub indices, the production index for May was 50.8%, continuing to be above the critical point. The expected index for production and business activities was 54.3%, consistently maintaining a high operating level, indicating that manufacturing enterprises continue to expand their production and new driving forces continue to maintain growth momentum. Editor/Zhou Yingwen
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  • 2024.06.18 18:31
  • [Sichuan 220 kV transmission project approved]
  • The Sichuan Provincial Development and Reform Commission has issued an approval letter for the 220 kV transmission project of the Muli Tangyang Photovoltaic Project. According to the 2024 power grid project approval plan, in order to meet the power transmission demand of the Tangyang Photovoltaic Power Station and promote the development and utilization of new energy in the region, it has agreed to construct the 220 kV transmission project of the Muli Tangyang Photovoltaic Project. The 220 kV transmission project of Muli Tangyang Photovoltaic Project will be constructed by Sichuan Huadian Muli Tangyang New Energy Co., Ltd. The project is located in Muli County, Liangshan Prefecture, with a total investment of 118.22 million yuan. The main content of the project construction plan is to improve the 220 kV output interval of Zhengxi Booster Station by one, and to build a 41.5 kilometer single circuit 220 kV overhead line from Tangyang Booster Station to Zhengxi Photovoltaic Booster Station, with a wire section of 2 x 400 square millimeters. Editor/Zhao E
  • 2024.06.18 17:16
  • [The world's largest coal-based methanol project started]
  • On June 16, 2024, Xinjiang Qiya New Materials Co., Ltd. grandly started a 6 million tons per year coal-based methanol project in Xiheishan Industrial Park, Zhundong Economic and Technological Development Zone, Xinjiang. The project is the largest in the world. The total investment is as high as 30 billion yuan, and the estimated construction period is 48 months. The project makes full use of the coal resource advantages of Zhundong Development Zone, and converts coal into high-quality refined methanol through advanced processes such as gasification, transformation, purification, methanol synthesis, and methanol distillation. At the same time, the project actively integrates the concept of green, low-carbon and energy-saving, uses advanced process technology and domestic equipment demonstration, and is committed to becoming a high-quality demonstration project of modern coal chemical industry in the world, promoting the green, low-carbon, clean and efficient development and utilization of coal resources. Editor/Cheng Liting
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