Re­new­able-power quota sys­tem ex­pected

China Daily European Weekly - - Business - Com­pany launches Go train­ing plat­form Daim­ler set to make NEVs in na­tion For­mer 5i5j Group exec opens busi­ness Kenya to tap into China’s in­dus­trial tech

China will launch a re­new­able-power quota sys­tem be­fore the end of the year, the Na­tional De­vel­op­ment and Re­form Com­mis­sion said on Dec 4, as part of its ef­forts to make bet­ter use of re­new­able en­ergy re­sources and re­duce waste. The com­mis­sion said in a no­tice that it would work to cut re­new­able-power waste rates to 5 per­cent by 2020, down from as high as 12 per­cent this year. China’s re­new­able ca­pac­ity has been grow­ing at a rapid pace, but some of it has re­mained idle due to grid ac­cess problems and the re­luc­tance of lo­cal trans­mis­sion com­pa­nies to take on costly and some­times in­ter­mit­tent sources of elec­tric­ity. TAL Ed­u­ca­tion Group, a Bei­jing­based com­pany, launched an on­line plat­form in China on Dec 4 for young learn­ers of the pop­u­lar strat­egy board game Go, eyeing a boom­ing lo­cal mar­ket as more Chi­nese stu­dents seek to en­hance their over­all abil­ity in their spare time. The plat­form, sup­ported by the com­pany’s ar­ti­fi­cial in­tel­li­gence tech­nol­ogy, can help users to match ri­vals at sim­i­lar lev­els and then give a score for their moves in each game. The plat­form will also com­ment on each move play­ers make and give ad­vice ac­cord­ingly. Daim­ler will start build­ing elec­tric cars in China next year as a way to meet strin­gent anti-pol­lu­tion quo­tas for car­mak­ers, even as de­mand for con­ven­tional mod­els like the Merin cedes-Benz May­bach re­mains strong. China has in­tro­duced min­i­mum sales re­quire­ments for new en­ergy ve­hi­cles, and Daim­ler is on track to meet the quota for 2018, Daim­ler’s lo­cal chief Hu­ber­tus Troska says. “We are very con­fi­dent about ful­fill­ing the NEV quo­tas,” Troska says, adding that a new fully elec­tric ve­hi­cle will be added to the lo­cal pro­duc­tion. Hu Jinghui, for­mer vice-pres­i­dent of 5i5j Group, one of the laregest real es­tate bro­ker­ages in China, has an­nounced the es­tab­lish­ment of a new com­pany, Xiangchu Zhao­hui Group. He says the com­pany of­fers ser­vices re­lated to trade, fi­nanc­ing and in­vest­ment, pub­lic re­la­tions and brand­ing, and will also of­fer in­cu­ba­tion ser­vices. Kenya’s busi­ness com­mu­nity is seek­ing to tap into China’s in­dus­trial tech­nol­ogy in or­der to boost its ex­ports, of­fi­cials said on Dec 5. James Mureu, na­tional vice-chair­man of the Kenya Na­tional Cham­ber of Com­merce and In­dus­try, told a busi­ness fo­rum in Nairobi that lo­cal man­u­fac­tur­ers are fac­ing stiff com­pe­ti­tion from for­eign in­dus­tri­al­ists, lead­ing to stag­na­tion

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