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Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.
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Friday Sep 24, 2021
Friday Sep 24, 2021
Coal power is one step further to be “consigned to history.” China will not build new coal-fired power projects abroad, President Xi Jinping announced at the UN General Assembly on Tuesday, as he promised more support for other developing countries in green and low-carbon energy. The promise could impact some $50 billion worth of investment in 44 projects in Asia and Africa, as China being one of the biggest foreign financiers of coal-fired power plants.
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