Skip to Content Facebook Feature Image

Qinghai turning rich resources into growth drivers: governor

China

Video Player is loading.
Current Time 0:00
Duration -:-
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
Â
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
      China

      China

      Qinghai turning rich resources into growth drivers: governor

      2024-05-24 21:05 Last Updated At:22:17

      Northwest China's Qinghai Province is gaining steam in turning its abundant natural resources into growth drivers while speeding up ecological preservation and building a green and low-carbon modern industrial system, according to the provincial governor.

      Qinghai is rich in resources with its potassium salt, magnesium salt and lithium salt accounting for more than 80 percent of the national reserves.

      Its hydropower resource ranks fifth nationwide, annual total solar radiation at the second place of China, and a wind farm being the fourth biggest of the country.

      Relying on the unique high-altitude resources, Qinghai has been forging itself into a first-rate salt lake industrial base, a national clean energy industry highland, an international ecotourism destination, and an export destination of organic agricultural and livestock products.

      "In terms of building a world-class industrial base of salt lake, we've conquered multiple world-level technical cruxes, codified 10 national and industrial standards, shaping industrial clusters in potassium, sodium, magnesium and chlorine. In 2023, the production value of salt lake sector reached over 58 billion yuan (about 8.01 billion U.S. dollars), with potash fertilizer taking up 77 percent of the total nationwide. With these achievements, Qinghai has made its due contribution to China's food security, and development of new energy and new materials," said Wu Xiaojun, governor of Qinghai Province, at a press conference in Beijing on Friday.

      Qinghai's installed clean energy capacity has topped 51 million kilowatts, taking up 93 percent of the national total. While its installed capacity of new energy has exceeded 38 million kilowatts, which is 69 percent of the total.

      Meanwhile, it already has a relatively complete industrial chain for photovoltaic manufacturing.

      In 2023, the province's export volume of solar cells doubled and that of its lithium batteries more than tripled.

      Qinghai turning rich resources into growth drivers: governor

      Qinghai turning rich resources into growth drivers: governor

      Next Article

      Trump imposes "reciprocal tariffs" amid widespread opposition

      2025-04-03 05:37 Last Updated At:09:07

      Amid widespread opposition, U.S. President Donald Trump on Wednesday signed two executive orders on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners.

      Trump announced these tariffs in a speech in the White House Rose Garden, during which he also said a 25-percent tariff on cars and car parts imported into the U.S. will take effect on Thursday.

      Many trading partners of the U.S. have previously expressed their opposition, saying that they will take countermeasures in response.

      On Wednesday, President of the European Council Antonio Costa said the European Union must react in a "firm but smart manner" to the reciprocal tariffs.

      "This is truly a major economic mistake for the United States and also for Europe and the entire world," Costa said.

      Italian Prime Minister Giorgia Meloni said the introduction of new U.S. tariffs would have heavy repercussions for Italian producers, adding that she did not rule out "adequate responses" to defend Italian products.

      While stating that the UK is engaging in constructive talks to reach a broader economic prosperity deal with the U.S., British Prime Minister Keir Starmer also said that the country is prepared for all possible scenarios and will not rule out any possibilities

      Trump imposes "reciprocal tariffs" amid widespread opposition

      Trump imposes "reciprocal tariffs" amid widespread opposition

      Trump imposes "reciprocal tariffs" amid widespread opposition

      Trump imposes "reciprocal tariffs" amid widespread opposition

      Recommended Articles
      Hot · Posts