According to the recent report of China Daily US, the Ministry of Industry and Information Technology, China’s top industry regulator, said on Wednesday that it is optimistic about the nation’s automotive sector in 2019, with demand from small cities expected to grow while more old car models will exit the market this year.
BBC World Economics recently reported that the World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next.
Accroding to the recent report of China Daily Europe, China FAW Group’s premium brand Hongqi is the country’s first and oldest luxury marque, with its first model in 1958 hailed as the start of China’s car industry.
World’s leadering wind energy giant Equinor has made the official announcement that the firm has submitted a winning bid of USD 135 million for lease OCS-A 0520, during the online offshore wind auction concluded today by the US Department of the Interior’s Bureau of Ocean Energy Management.
China Daily UK has recently reported that the Energy company, China Three Gorges Europe, which is also called CTG EU, has invested 35 million pounds ($44.3 million) in a large Scottish offshore wind farm, which when completed will have the capacity to power one million homes.
Together with Danish Wind Energy Group China, Scottish Development International, British Embassy in Beijing, the Royal Danish Embassy, NEEC will support the 2018 China Offshore Wind Risk Management International Forum hosted by Chinese Wind Energy Equipment Association (CWEEA).
Dutch offshore vessel owner Acta Marine has ordered a second construction support vessel at Ulstein Verft this week. This SX195 design is a DP2 Walk to Work Construction Support Vessel (CSV) for the offshore industry. The vessel is scheduled for delivery in the second quarter of 2019.
China has improved waste management and recycling systems to tackle environmental issues caused by a build-up of garbage. Several measurements have come into force including garbage sorting and curbing “foreign garbage”.
The world’s first floating wind farm, Hywind Scotland, developed by the Norwegian state oil giant, Statoil, has proved a greater success than its designers hoped. The five giant six-megawatt turbines, 25 miles east of Peterhead, produced more power than expected in the first three months and withstood hurricane-force winds and giant waves.
BMW Group has signed a letter of intent with China’s Great Wall Motor Co. to jointly produce battery-powered Mini vehicles in China, as the German carmaker seeks to expand its electric car business in the world’s largest automobile market.