The world installed more new renewable energy last year than coal, as countries attempt to shift away from fossil fuels and take advantage of massive cost reductions in wind and solar technology.More than half of all energy generation capacity added in 2015 came from renewable sources, as the world installed more than half a million solar panels a day and two wind turbines every hour, the International Energy Agency announced Tuesday.“We are witnessing a transformation of global power markets led by renewables and, as is the case with other fields, the center of gravity for renewable growth is...
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The European Union and Canada signed a long-delayed landmark free trade agreement Sunday in Brussels aimed to boost growth and jobs.Canadian Prime Minister Justin Trudeau signed the Comprehensive and Economic Trade Agreement (CETA) along with the heads of EU institutions (EU President Donald Tusk, European Commission head Jean-Claude Juncker and Slovak Prime Minister Robert Fico, whose country holds the rotating EU presidency).The signing ceremony had been pushed back from Thursday after French-speaking Wallonia, with just 3.6 million people, initially vetoed an agreement affecting more than 5...
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2016
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BEIJING, Oct. 30 (Xinhua) -- Chinese civilian airport market is now fully accessible to private capital as the national aviation authority issues a sweeping rights-granting guideline Sunday.The Civil Aviation Administration of China (CAAC) rolled out the red carpet for private capital in all civilian airport projects that are planned in the country’s outline for airport development or special regional and industrial planning.Financing for civilian airports’ construction and operation under public-private partnerships will be encouraged to improve "service quality and efficiency," acc...
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2016
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The transition of China’s economy will become an important driver of world economic growth, according to Chi Fulin, director of the China Institute for Reform and Development.Addressing the China reform forum that opened on Saturday, Chi said the contribution of China to the world economy will remain around 30 percent for the next five years.He predicted that in the next few years, the global economy will grow slowly while seeking a new balance, bringing impact on the transition of China’s economy.On the other hand, as the second largest economy, China’s economic transition and growth is incre...
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BEIJING, Oct. 29 (Xinhua) -- As China has entered a crucial stage in the building of a "moderately prosperous society in all respects", a strong core leadership is needed to ensure the development and prosperity of the nation.A key meeting of the Communist Party of China (CPC) this week has called on all its members to "closely unite around the CPC Central Committee with Comrade Xi Jinping as the core."It is believed that such a call is of great importance to maintaining the unity of the Party and upholding the authority of the CPC Central Committee and its central, unified...
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2016
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