China says it will turn to international investors to further its green crusade as it seeks to become a carbon-neutral country in the next 40 years. The Asian powerhouse said it would incentivise green financing by encouraging climate-friendly projects, enticing international investors to get behind green bonds, phasing out conventional petrol-powered cars and launching a…
China’s first private 5G network will be used in the day-to-day operations at a coal mine in Shandong Province, in line with Beijing’s push to modernise heavy industry through digital transformation. The network, built by state-owned Shandong Energy Group, was deployed at their Baodian Coal Mine subsidiary in East China and went live in late…
Chinese tech juggernaut, Ant Group, has raised $34 billion in a mega initial public offering (IPO), making it the largest stock exchange listing in history. The Jack Ma-owned online payments company listed on the Hong Kong and Shanghai stock exchanges at $10.32 and $10.26 per share respectively. The IPO surpasses Saudi oil firm, Aramco, which…
China, South Africa’s largest trade partner, wants to resume projects that were stymied by the Covid-19 pandemic, said the new Chinese ambassador to South Africa, Chen Xiaodong. China would encourage the resumption of China-Africa trade and collaboration, Chen told the African News Agency (ANA). Chen, who served as a high-ranking assistant foreign minister before taking up…
Polestar’s 2020 electric vehicle concept car is to go into mass production in a carbon-neutral factory in China, according to the electric vehicle firm. The Polestar Precept made its debut earlier this year as a concept car with an emphasis on sustainability and cutting-edge tech instead of traditional performance figures and specifications. The Geely-owned Volvo…
Chinese electric vehicle (EV) firm, Nio, has launched its semi-autonomous technology, which allows for hands-free driving using high-definition mapping technology. The Shanghai-based EV company’s navigation assistant – called Navigate on Pilot (NoP) – will be available via software update this month. The company, founded in 2014, says NoP is the first assisted-driving function that uses…
Chinese chemical and gas company, Linggas, has started to capture and re-use nitrous oxide during nylon production using new technology. The greenhouse gas is 300 times more harmful to the ozone layer than carbon dioxide. The Beijing-based industrial giant, which sells industrial gases used in electronics, recently took strides towards becoming climate-neutral, something Chinese president…
Xi Jinping, leader of the Chinese Communist Party and president of China, has pledged that his nation will become carbon neutral by 2060. He called for a “green revolution” and said China would scale up its targets under the Paris Climate Accord, in an address to the United Nations Annual General Assembly (UNGA) in New…
Sending robots to planets, moons and meteors to mine rare space resources will soon be more than the subject of science fiction movies. A Chinese startup, Origin Space, has announced plans to identify, extract and return off-earth resources. The privately-owned Beijing-based group, specialising in off-earth resources, is scheduled to launch its ‘space mining robot’, NEO-1,…
Promoting South Africa’s hydrogen economy should be a top priority for South African policymakers and industry leaders, says Steve Phiri, chief Executive of Royal Bafokeng Platinum (RBPlat). Focusing resources on the relatively new industry may be help alleviate South Africa’s energy crisis, Phiri said at a virtual debate on 9 September, hosted by PriceWaterhouseCoopers (PWC).…