China's installed capacity of renewable energy registered double-digit growth in the first five months of the year as the country strived to reach its carbon peaking and carbon neutrality goals.
The Chinese news agency, Xinhua reported on Saturday.
In the January-May period, the capacity of wind power jumped 17.6 per cent year on year to around 340 million kilowatts, while solar farms saw capacity hit 330 million kilowatts, an increase of 24.4 per cent, according to the National Energy Administration.
By the end of May, the country's total installed power generation capacity reached about 2.42 billion kilowatts, rising 7.9 per cent from a year ago, the data showed.
China has announced that it will strive for peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.
The country is forging ahead in renewable energy development to improve its energy structure.
According to an action plan released last year, it aims to increase the share of non-fossil energy consumption to around 25 per cent by 2030.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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