Authorities will restrict energy supply in areas with excessive increases in energy usage and high energy-consuming industries, said a high-ranking official with the National Development and Reform Commission (NDRC), the country's top economic planning body.
Chinese steel producers are worried over a possible export rebate cut by the Chinese authorities amid growing export risks imposed by trade remedy measures from the United States and the European Union.
China will levy a 5 percent resource tax on crude oil and natural gas sales in the northwestern Xinjiang region from June 1, Caijing magazine reported on its website, citing sources with the Ministry of Finance and State Taxation Administration.
Chinese Vice Premier Li Keqiang said Tuesday China must accelerate its transformation of economic growth pattern as the global economy was undergoing structural changes.
Clean energy projects, specifically new energy vehicles, energy-efficient construction and clean coal technology, are the key areas of science cooperation between China and the United States, a Chinese official said on Monday.
China's energy watchdog, the National Energy Administration, signed agreements with 26 provincial governments Friday to close at least 10 million kilowatts of outdated coal-fuelled power capacity before October this year.
The National Energy Administration is now conducting a research project to build underground reserves for liquefied natural gas (LNG) and natural gas, and a batch of natural gas reserve projects will start construction soon.
China will set aside 10.6 billion yuan as a special fund to help the country's small- and medium-sized enterprises (SMEs) to cut down their carbon dioxide emissions and energy consumption this year.
Senior Chinese Political Advisor Wang Gang has called for efforts to step up economic restructuring, optimize the industrial structure and improve innovation capability.
The central government released guidelines on further encouraging private investment in a wider range of key industries, a move indicating the authorities are placing more importance in private investment's role in sustaining economic growth. Support plan for private investment detailed
China is likely to levy a carbon tax, an environmental tax that is paid for carbon emissions, on its enterprises around 2012, in a bid to encourage the country's energy saving and environmentally friendly industries, the Economic Information Daily reported Tuesday.
China needs more reasonable carbon emission quotas to buoy the nation's fast economic development amid the progressing industrialization and urbanization, said an official with the nation's top economic planner Sunday.
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