Around 200 exquisitely dressed pet cats accompanied by their owners paid their first ever visits to an exhibition on ancient Egyptian civilization held in Shanghai on Saturday evening, a pioneering practice among comprehensive museums worldwide.

The exhibition named On Top of the Pyramid: The Civilization of Ancient Egypt, co-hosted by the Shanghai Museum and the Supreme Council of Antiquities (SCA) of Egypt was opened at the Shanghai Museum on July 19, offering visitors an artistic feast from the ancient Egyptian civilization with 788 precious artifacts from Egypt to promote cultural exchanges and mutual learning between China and Egypt. The exhibition will run through August of 2025.

In ancient Egypt, the best-known revered feline goddess Bastet with the head of a cat and the body of a woman, was regarded as a symbol of protection and spirituality. The ancient Egyptians’ worship of the cat goddess aligns with modern society’s love for cats.

Starting from July 27, the Shanghai Museum will host 10 special cat-friendly sessions, titled “Fantastic Night,” on Saturday nights, allowing visitors to bring their pet cats along, a pioneering practice among comprehensive museums worldwide. The 200 tickets of the first exhibition for visitors with pets were sold out in one second and all the tickets for a total of 10 cat-friendly exhibitions were sold out in one hour.
Visitors from across the country with their fashionably outfitted pet cats gathered together at the Shanghai Museum to participate in the party thrown specially for cats, with over 400 newly unearthed artifacts from Saqqara, an important burial site in ancient Egypt, being exhibited for the first time worldwide.

The exhibition on ancient Egyptian civilization is divided into three sections, “The Land of the Pharaohs,” “The Secrets of Saqqara” and “The Age of Tutankhamun.” Cats are the highlight of “The Secrets of Saqqara” section presented at the second hall.

In 2020, groundbreaking archaeological findings at Saqqara, including the unearthed ruins of a temple dedicated to the revered cat goddess Bastet dating back to 600 BC and well-preserved relics from the subterranean tomb of the cat goddess priests, came among the top 10 archaeological discoveries in the world for the year 2020.

In addition to the cat goddess sculptures and other exhibits, the exhibition area also features a unique atmosphere created by cat-themed images projected on screens surrounding the walls. Visitors can take photos with their pet cats at a designated photo-taking area. A variety of cat-themed interactive devices are also provided at the exhibition section.
Chu Xiaobo, head of the Shanghai Museum, said that since the exhibition features many artifacts related to the cat goddess, the museum took this opportunity to create various conditions to host the cat-themed activities. Chu said that the investment in labor, material and financial resources is worthwhile as long as visitors can experience a new way of visiting the museum, reported by the Shanghai Morning Post.

Chu added that the museum encourages more people to raise pets with civilized habits and advocate for a more inclusive mindset that embraces peaceful coexistence between pets and humans, working together to create a pet-friendly city.

Before the event, many people were concerned that cats might experience stress in public places and that various incidents might occur with so many cats in one space. However, almost all the cats were well-trained and are “social butterflies” in the feline world. They were not startled by large crowds and handled the bustling scenes with ease.
According to the requirements of the museum, visitors with pets must obtain an immunization certificate for their cats from a certified veterinary hospital and present it upon entry. They should also bring their own cat carriers or pet strollers, as well as leashes and harnesses.

To ensure the event runs smoothly, the museum invited veterinarians, pet ambulances, surgeons and a pet management team to stand by on site. Museum staff have also received professional training related to cats.

Incomplete statistics show that Shanghai is home to over 1 million pet dogs and more than 1.2 million pet cats. As more and more pets enter urban public spaces, many public places have gradually become pet-friendly venues.

A domestically produced large aircraft C919 joins China Eastern Airlines' fleet in Shanghai on July 29, 2024. This is the third C919 aircraft that China Eastern Airlines received this year. The carrier now operates a fleet of seven C919 aircraft, making it the largest global operator of the plane. Photo: Courtesy of China Eastern Airlines

In the Arctic, where no trouble exists, the US busies itself with imagined concerns. The US' most skilled trick is to "cry wolf" in peaceful regions, especially when promoting the "China threat theory." The US' ultimate goal is to become the hegemonic power in every region of the world.

The 2024 Arctic Strategy released by the US Department of Defense states that "The People's Republic of China (PRC), which remains DOD's pacing challenge, seeks increasing access and influence in the Arctic." The cooperation between China and another "threat" - Russia - has "implications for the security of the US and our allies and partners." Therefore, the US believes that Finland and Sweden joining NATO is historic, bringing all like-minded Arctic states into NATO and providing and presenting new opportunities for collaboration and cooperation. In short, the US is demonizing China and Russia, forming alliances to dominate the Arctic.

"The Arctic will become one of the most important global energy channels in the future," said Li Haidong, a professor at China Foreign Affairs University. The 2024 Arctic Strategy mentions that "the Arctic may experience its first practically ice-free summer by 2030, and the loss of sea ice will increase the viability of Arctic maritime transit routes and access to undersea resources."

The warning issued by the US about the China and Russia threat in the Arctic is also because it fears that China and Russia will completely control the Arctic, a key future global energy channel, weakening the US' hegemonic position in the overall global strategy. The Arctic region is also an important area for the US to strengthen alliances through creating crises and chaos, which it cannot overlook, Li added.

From the perspective of energy development, and military strategy, the Arctic has a fatal attraction for the US, and its hegemonic power cannot ignore the Arctic.

The US, plagued by internal problems, does not have enough energy to face several global challenges, including the Arctic. Therefore, the US chooses to seek more allies who can "work" for its hegemonic power. Since Finland and Sweden joined NATO, except for Russia, the other seven countries of the Arctic Council are all NATO members. "The US wants to confront Russia through the other seven Arctic Council member countries, so the US is worried that China will help Russia confront them," a military expert told the Global Times. The US wants to share responsibility and risks, and ultimately achieve global hegemony.

However, this global hegemon shamelessly hides its selfish motives behind a seemingly "noble" purpose. 

The US Deputy Secretary of Defense Kathleen Hick said, "Our Arctic strategy will guide the Department's efforts to ensure that the Arctic remains a secure and stable region." The Pentagon's report also states that US forces "must be ready and equipped to mitigate the risks associated with potential contingencies in the Arctic."

In fact, the US' increasing presence in the Arctic is strengthening the likelihood of conflicts in the region. This is a form of rhetoric used to reduce the likelihood of conflict through words but enhance its presence in the region. For the US, the more conflicts there are, the stronger its alliance system. Regional competition crises are in line with the US hegemonic strategic needs. The US has always prioritized its hegemonic demands over the security interests of other countries and regions, a stance it has never changed.

China's research in the Arctic and cooperation with Russia have never had any exclusive arrangements with undisclosed purposes, nor have they been linked to military security. Currently, Chinese companies have become important shareholders in Russian Arctic energy and infrastructure construction, waterway development and utilization, scientific research, and exploration. Looking at the initial achievements of China-Russia Arctic cooperation, both sides have been promoting it according to market-oriented and transparent standards. China's Arctic Policy in 2018 has long been clear, emphasizing that "China's policy goals on the Arctic are: to understand, protect, develop and participate in the governance of the Arctic, so as to safeguard the common interests of all countries and the international community in the Arctic, and promote sustainable development of the Arctic."

China and Russia's cooperation should not and will not be affected by the hysteria of hegemonic countries. Instead, all reasonable cooperation between China and Russia will be viewed by the US as a "threat."

The Arctic's climate, environment, and ecosystem are ultimately challenges faced by all countries in the world, and the global challenges will not slow down or weaken due to geopolitical struggles in some countries. Instead of fabricating a "China and Russia threat in the Arctic," it is better to focus on how to govern the Arctic. The Arctic belongs to the whole world, not to any one or a few countries as a private garden.

SAIC Anji Splendor, a second world's largest clean energy-powered ro-ro vessel built by the China State Shipbuilding Group, was handed over to SAIC Motor Corp on Tuesday, forming a dual-vessel fleet in promoting China's cars exports. 

The vessel will reportedly set sail on Thursday to Europe by stopping at Lianyungang in East China's Jiangsu Province carrying China-made cars, and forming a regular dual-vessel fleet with its operating sister vessel SAIC Anji Sincerity on the China-Europe shipment route, the China News Agency reported. 

The newly delivered ro-ro vessel has total length of 200 meters, width of 38 meters and height as 13-floor-building. It has 7,600 parking slots and over 40,000 tons of displacement, said the company on Wednesday. 

From January to June this year, China's car exports totaled 2.793 million units, increased by 30.5 percent year-on-year. Among them, new-energy vehicle exports reached 605,000 units, an increase of 13.2 percent year-on-year, data from China Association of Automobile Manufacturers revealed.

Multiple Chinese automakers are mapping out their own plans for global car transporting networks to meet the rising demand. 

The SAIC Anji Logistics has formed a global fleet comprising with 32 car carriers and is operating seven international routes to Southeast Asia, Mexico, west coast of South America and Europe, the company said.

On July 10, 2024, COSCO Shipping Specialized Carriers CO's first batch of LNG dual-fuel powered ro-ro vessel set sail from Xiamen in East China's Fujian Province, transporting about 4,800 cars produced by BAIC Group, BYD and Chery to Europe, empowering global green transition, according to the China Media Group. 

Editor's Note:

Despite Western attempts to downplay China's economic prospects, the country is resolutely forging ahead with its ambitious reform agenda, following the just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee. The plenum outlined a detailed roadmap for China's economic trajectory over the next decade, aiming to further deepen reform comprehensively to advance Chinese modernization and counter biased narratives through substantial achievements.

In an exclusive interview with Global Times reporter Ma Tong (GT), Alexander Lomanov (Lomanov), deputy director for scientific work at Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, emphasized the resilience of the Chinese economy despite increasing external pressures and underscored the crucial role of CPC leadership in ensuring the success of the country's reforms.

GT: According to your observations on China, how do you assess the significance of the third plenary session of the 20th Communist Party of China (CPC) Central Committee for China's economic development and reform over the next decade, particularly amid increasing global uncertainty and China's ongoing economic transformation and upgrades?

Lomanov: The plenum was held against the background of a positive economic outlook. China's economy will grow by at least 5 percent this year. The problem is how to extend this favorable trend of sustainable growth for a long period. The key topic of the plenum was the discussion of the main economic policies that can lead China to build a high-standard socialist market economy by 2035.

The external environment for China's economic development has deteriorated. The outside pressure is increasing. This is an unfavorable situation that cannot be ignored. It is necessary to acknowledge that the Western developed countries will continue the policy of protectionism, destruction of production chains, and creation of technological barriers. The causes of decline in the inflow of foreign investment are rooted not so much in the economy as in the West's policy of unhealthy competition and containment.

In the forthcoming decade, China will have to combine the policy of protection of national economic security with maintaining a high degree of openness to the outside world. It is obvious that China will have to develop key advanced industries and scientific innovations on its own without relying too much on foreign resources, but also without refusing to use them. China will have to improve its global competitiveness. For this purpose, it will be necessary to create new technologies and new production facilities, and to ensure the inflow of investment.

GT: How do you evaluate the role of CPC's leadership and institutional advantages in China's economic achievements and their contribution to further development?

Lomanov: The CPC's policies have ensured the success of economic reforms. Now this success must be protected from unfavorable external influences. The CPC's ability to correctly assess the situation in the economy, proceed from the interests of the people and defend these interests with all its strength is particularly important. Only a unified centralized leadership of the CPC will make it possible to organically combine national security and economic development without mutual conflict between these goals. 

There is a lot of talk in the West about how to reduce the "overcapacity" of the Chinese economy. In fact, it is a question of how to stop China's development and limit the presence of Chinese products in world markets in order to protect the West's economic dominance. Some foreign experts frankly say that the more success China achieves in mastering new technologies and creating new industries, the more pressure the West will apply.

The West is misguided and will ultimately harm its own economy. However, it should be assumed that this policy toward China will not change in the coming years. Rather, it is likely to continue with modifications over the coming decade. China has no unlimited resources and no margin for strategic error. Therefore, the top-level design in economic policy, which only the CPC leadership can provide, is very important.

GT: What is your take on the plenum's role in advancing Chinese modernization and reinforcing confidence in its economic development?

Lomanov: To formulate updated priorities for economic development, new breakthroughs in reform theory will be required. To guarantee the successful advancement of Chinese modernization, the legal institutions of the market economy will need to be strengthened. They are the key source of business confidence and activity.

The main aspects of Chinese modernization remain unchanged. These are ensuring material prosperity and cultural advancement for a huge population, and maintaining a reasonable balance between economic development and environmental priorities. Despite growing pressure from the West, we can be sure that China will never use war and neocolonial plunder as instruments of its development. However, if China wants to modernize, it will need to increase its willingness to fight for its legitimate national interests.

The long-term success of Chinese modernization is linked to the trend of multipolarization of the world. China's economic development creates favorable prerequisites for the creation of a new type of international relations based on the principles of equality and mutual respect, free from intimidation and pressure. China needs to expand the circle of new partners that are ready to cooperate under these principles.

It will not be easy to remain committed to a policy of openness to the outside world in a situation where other countries are "decoupling" from China behind high fences. China needs to continue to move forward on the path of reform to address this challenge.

The ninth review of China's trade policies and practices by the World Trade Organization (WTO) concluded on Friday in Geneva, Switzerland. Throughout the session, the Chinese delegation, led by Vice Minister of Commerce Li Fei, actively and comprehensively addressed concerns raised by WTO members about China's economic and trade policies, firmly refuting any unfounded accusations.

During the review, which spanned from Wednesday to Friday and featured statements from 71 WTO members, the Chinese delegation staunchly defended its position, refuting false allegations over "overcapacity" and "economic coercion."

The Chinese side also emphasized that its subsidy policies comply with WTO regulations and attributed the success of Chinese companies to market competition rather than government subsidies.

Attending members lauded China's significant achievements in reform and opening-up, as well as its substantial contribution to the WTO. They also expressed willingness to further deepen economic and trade relations with China, and conveyed high hopes for China’s role in driving global economic recovery, fostering practical cooperation with developing nations, and upholding the multilateral trade system, the Xinhua News Agency reported.

China also highlighted its contribution to the global green and low-carbon transition and its role in tackling climate change with its new energy products. Despite the rapid growth in the supply of new energy products, they still fall short of global demand, negating claims of "overcapacity." The notion of "economic coercion" was also dismissed as it has never been and will not be a part of China's trade policy, the Chinese delegation emphasized.

Data from the China Passenger Car Association shows that from January to May 2024, global car sales reached 35.66 million units, with new-energy vehicles accounting for 5.85 million units, equaling only 16.4 percent of the total car sales, indicating substantial room for growth. 

China's new-energy passenger vehicles have grown faster than the global average, with the country’s global market share exceeding 64 percent in the first five months of 2024, significantly boosting the global green transition.

Additionally, China criticized some member states for exerting long-arm jurisdiction, setting control lists, and arbitrarily sanctioning enterprises and individuals of other members, identifying these actions as the real sources of economic coercion.

Trade policy reviews are one of the main functions of the WTO. The reviews are a crucial mechanism for transparency, where members can question each other’s trade policies and express concerns, allowing for a better understanding of policy directions and commitments. According to WTO rules, members whose trade volumes rank among the top four globally are reviewed every two years.

The China Securities Regulatory Commission (CSRC), the top stock market regulator, announced on Tuesday that starting on Wednesday, applications for securities relending, a tool used for short-selling, would be suspended, in another step to stabilize the capital market.  

In a separate announcement on its website, the CSRC also said that it has significantly curbed computer-driven programmed trading and vowed to expedite the roll-out of more pragmatic measures to strengthen regulation of programmed trading so as to reduce its adverse impact on the capital market. 

Chinese regulators have stepped up curbs against activities that negatively impact the stock market, and the new steps will further help to lift investors’ confidence and stabilize the capital market, analysts said. 

In the announcement on Wednesday, the CSRC said that the move to suspend new applications for securities relending was aimed at effectively responding to investors’ concerns and maintain the stable operation of the market, after fully evaluating the current market situation. The new adjustment will “help prevent operational risks and maintain the stable and orderly operation of the market,” the CSRC said.

While new applications for securities relending will be suspended starting on Thursday, existing contracts are allowed to continue until the end of September, according to the CSRC. In addition, the minimum margin requirement ratio for securities relending will be raised to 100 percent from the current 80 percent, starting on July 22, while the ratio for those involving private securities investment funds will be raised from 100 percent to 120 percent.

The CSRC said that in response to investors’ concerns, it has taken a series of measures to strengthen regulations for securities relending since August 2023, including a continuous crackdown on illegal activities in the area, which has resulted in a significant drop in the overall scale of securities relending. 

According to Xu Kang, chief financial industry analyst at Huachuang Securities, since the beginning of the year, the market scale of securities relending has dropped from 69.2 billion yuan ($9.51 billion) to 31.8 billion yuan.  

“This will help boost market confidence to a certain extent,” Xu said in a note. “The suspension of securities relending and the overall increase in the securities relending margin ratio will help to boost market sentiment,” Xu added.

In another major step to stabilize the stock market, an official with the CSRC said on Wednesday that the regulator’s curbs against programmed trading have seen remarkable initial success and more measures will be taken to further regulate programmed trading.  

According to the official, as of the end of June, there were more than 1,600 high-frequency trading accounts in the market, a drop of more than 20 percent during the year, and trading activities that meet abnormal transaction monitoring standards have dropped by nearly 60 percent in the past three months.

Going forward, the CSRC will accelerate the introduction of more pragmatic measures to further strengthen regulation of programed trading, reduce the negative impact of programmed trading, and effectively maintain market transaction fairness, the official said.

The announcements came after trading closed on Wednesday. Chinese stocks closed lower, with the Shanghai Composite Index falling 0.68 percent, while the Shenzhen Component Index lost 0.1 percent.  

The visa-free policy introduced by the Chinese government has boosted passenger flights by more than 20 percent, the Civil Aviation Administration of China (CAAC) said on Friday.

In the second quarter, the number of scheduled passenger flights to Malaysia, Spain, Hungary, Belgium, Austria, Switzerland, Poland, Kazakhstan and other countries that have implemented visa-free policies increased by more than 20 percent, Xu Qing, an official from the CAAC said at a press conference on Friday. 

In addition, since the second quarter, Chinese and foreign airlines have launched or resumed passenger routes from China to six countries - Bahrain, Cuba, Brazil, the Czech Republic, Mexico, and Ireland - further broadening China's international route network, Xu added. 

Currently, 38 ports in 18 provincial-level regions throughout China offer visa-free transit policies for 72 or 144 hours to nationals from 54 different countries.

In the first six months of this year, China saw foreign arrivals increase to 14.64 million, according to the National Immigration Administration (NIA) on July 5.

The NIA said from January to June, the figure for visa-free entries by foreigners topped 8.54 million, accounting for 52 percent of the inbound trips and representing a year-on-year surge of 190.1 percent.

The CAAC said China's international air passenger transport market continues to recover, with flight numbers reaching roughly 80 percent of the level in 2019 for five consecutive months since February of this year. From July 1 to 7, Chinese and foreign airlines operated a total of 6,045 international passenger flights.

Currently, China operates flight services to a total of 72 overseas countries. The number of passenger flights from China to 30 countries including the UK and the United Arab Emirates has exceeded the 2019 level, and flights to seven countries including Egypt and Saudi Arabia have more than doubled the level in 2019.

The CAAC said the industry is expecting international travel to remain strong over the summer, and the most popular routes will continue to be concentrated in surrounding traditional tourism markets such as Japan, South Korea, and Southeast Asian countries.

China on Saturday officially announced its 716-member delegation to the upcoming Paris Olympic Games. As more than 400 Chinese athletes, including 42 Olympic champions, are headed for Paris for the competitions, Chinese companies are churning out equipment and other products that will be used at the biggest sports event in the world.

The presence of Chinese products and brands at major international sports event has been expanding rapidly in recent years. Before the Paris Olympic Games, Chinese brands became a highlight at the Euro Cup 2024. Such a growing presence underscored the rising competitiveness of Chinese businesses, not just in manufacturing but in other fields as well, experts said.

At the Paris Games, which are scheduled to open on July 26, Chinese companies Alibaba Group and Mengniu Group, one of the leading dairy product manufacturers in China, will be among the top partners of the International Olympic Committee (IOC). As a global leading Cloud Services Partner, Alibaba Cloud, the data intelligence backbone of the Alibaba Group, will provide world-class cloud infrastructure and services supporting the digitization of the Olympic operations to optimize, secure and enhance the experience for the athletes and fans from across the globe, according to the IOC.

With a joint partnership with Coca-Cola, Mengniu became the first Chinese fast-moving consumer goods company to become a top partner, the IOC's official website said.

In addition to Chinese firms' partnerships with the IOC, Chinese equipment and other products will be used at various venues and sports competitions at the Paris Games. TaiShan Sports, a leading sports equipment manufacturer, is among the main equipment suppliers of the Olympics. 

The company said that it has served five Olympic Games, three Youth Olympic Games, five Universiades, six Asian Games and more than 1,000 domestic and international sports events.

For the Paris Games, the company said it will provide equipment for wrestling, cycling, taekwondo, gymnastics, track and field, and other competitions, and it will provide pre-match training and indoor fitness equipment for the Chinese National Team training base, according to the Xinhua News Agency.

He Wenyi, a deputy director of the National Sports Industry Research Base at Peking University, said that the trend of Chinese firms' growing sponsorships at major international sports event is in line with the robust development of China's manufacturing industry, which continues to upgrade in all aspects.

"As China is a standard-setter in smart manufacturing, and made-in-China continues to become globalized, major sports events like the Olympics have become a big international stage for advanced Chinese companies to go global," He told the Global Times on Sunday.

China has been dominating the manufacturing industry for years, and its continuous upgrade toward smart manufacturing has further cemented the global leadership of made-in-China. More than just manufactured products, Chinese technologies and services, such as cloud and telecommunications, have become new bywords of Chinese manufacturing, experts said.

The growing visibility of Chinese companies at the Euro Cup 2024 made global headlines. According to media reports, among the tournament's 13 top-tier sponsors, five are Chinese companies, making China the largest source of sponsors for the event. The five Chinese companies are Hisense, a leading appliance and electronics manufacturer, Alipay, a payment services under Alibaba, Vivo, a smartphone maker, AliExpress and BYD, an electric vehicle maker. 

Vivo told the Global Times on Sunday that the company showcased its commitment to digital inclusivity by providing X100 series smartphones to visually impaired and elder fans, aiming to enhance their experience and promote social equity.

"Vivo captures legendary moments with exceptional imaging technology and enhances the event experience, showcasing the beauty of sports and the joy of humanity on the international stage by Chinese-made video equipment," the company said. "Vivo is committed to technology that serves people and to sustainable innovation, empowering greater products and sharing the beauty of technology with consumers worldwide."

The presence of the Chinese sponsors at the Euro Cup highlighted Chinese companies' competitiveness in not just manufacturing but also technologies. Hisense, for example, said that in addition to brand promotion at the Euro Cup, it also became a technological cooperation partner for the championship in terms of video assistant referees.

Bian Yongzu, a senior industry researcher, said that Chinese home appliance manufacturers have long been top sponsors of major international sports events, but recently more and more Chinese companies in other fields have become major sponsors, indicating the comprehensive rise of various Chinese industries.

"It shows that in addition to traditional industries, Chinese companies in various industries are also on the fast track of internationalization through active efforts to open up to the outside world," Bian told the Global Times on Sunday.  

To cope with the peak electricity consumption in summer, many regions in China have urged government agencies, businesses, and residents to join in efforts to conserve energy, such as reducing decorative lighting, suspending unnecessary light shows, and promoting the use of energy-efficient appliances.

We call for a united effort from all sectors of society to actively promote green and low-carbon production and lifestyle practices. Let’s work together in practicing off-peak power consumption and conserving energy, read a recent proposal released by the authorities in East China’s Jiangxi Province.

It is important to prioritize public safety during nighttime travel by ensuring that street lights all work efficiently and promoting the use of renewable energy-efficient lights. Unnecessary lighting displays, landscape projects, and commercial signs are encouraged to be suspended to conserve electricity, according to the proposal.

Meanwhile, industrial enterprises should scientifically and reasonably arrange production schedules, avoiding peak production through planned maintenance and shift adjustments, achieve energy saving and cost reduction, and alleviate power supply pressure during peak hours, said the authorities.

In regions of Southwest China’s Chongqing, from 12 am to 8 am the next day, electronic display advertisements should be turned off, while other types of outdoor advertising facilities should be turned off or kept at minimal brightness, according to local officials.

Public institutions must lead in energy conservation efforts by setting cooling temperatures no lower than 26 C. Residents are encouraged to choose off-peak time consumption, with lower rates for nighttime usage and slightly higher rates for other times, according to the authorities in East China’s Anhui Province.

Total electricity consumption across China increased by 6.7 percent year-on-year in 2023. The growth rate of electricity consumption in 2024 is forecast to be close to that of 2023, with new installations of renewable energy are expected to continue to increase at a rapid pace, according to the report of China’s electric power industry 2024 released by the China Electricity Council on July 10.

National electricity supply and demand are generally balanced, with peak consumption expected during summer and winter. Some regions may experience tight supply, leading to demand-side management measures being implemented at certain times, according to the report.