[China Development Bank signs Kazakhstan China pipeline financing agreement]Recently, the China Development Bank signed a financing agreement for the Kazakhstan ethane propane pipeline project in Beijing, providing a loan of 2.89 billion yuan to implement the cooperation results of the China Asia Summit and support the full industry chain cooperation of oil and gas between China and Kazakhstan. The project is the first liquid ethane propane long-distance pipeline in Kazakhstan. The general contracting was finalized in November 2025, and construction began in October of this year. It is expected to be put into operation by the end of 2028. The construction phase is expected to create about 1300 local job opportunities and also drive domestic equipment engineering services to go global.Editor/Li Xiaohua
On November 10, 2026, the first tower of the Zhejiang ultra-high voltage AC ring network project was completed in Shangyu, Shaoxing, and the project officially entered the tower assembly stage, helping to promote clean energy consumption and power grid supply in East China. This project is a key power engineering project during the 15th Five Year Plan period, with a total investment of 29.3 billion yuan. It is planned to be put into operation in November 2029 and will create the first provincial high-voltage AC ring network in China. The project can consume over 57 billion kilowatt hours of clean energy annually, effectively reducing carbon emissions and improving the power supply guarantee level in the Yangtze River Delta.Editor/Li Xiaohua
On November 10, 2026, the 2026 Council Meeting of the the Belt and Road International Think Tank Cooperation Committee was held in Xi'an, Shaanxi Province. The meeting reviewed the preliminary work, discussed the direction of follow-up cooperation, helped build the the Belt and Road with high quality, and deepened the exchange of transnational think tanks. The meeting was chaired by Ren Weidong, Deputy Editor in Chief of Xinhua News Agency. The committee was initiated and established in April 2019, with 4 new member units added this time, bringing the total number of members to 150. The Chinese and foreign representatives attending the conference recognize the value of the platform and look forward to continuing research collaboration and gathering wisdom from multiple parties. Editor/Li Xiaohua