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May 4 – China will invest a total of ¥5 trillion in environmental protection between 2011 and 2015, vice premier Li Keqiang said during his visit to Europe, calling for the synergy of European technology and the Chinese market.
April 16 – China consumed 1.16 trillion kW hours of electricity in Q1 2012, up 6.8% from the same period a year ago, the National Energy Administration said. During the three–month period, power consumption by the primary sector was down 3% to 19 billion kW hours; power consumption by the secondary sector was up 4.5% to 838.5 billion kW hours; power consumption by the tertiary sector was up 13% to 139.8 billion kW hours; and power consumption by civilians was up 14.1% to 145.6 billion kW hours.
April 16 – China currently has 230 million kW of hydropower capacity and 47 million kW of wind power capacity for electricity generation, both ranking first worldwide, according to the National Energy Administration.
April 13 – China's investment in clean energy rose just 1% to $45.5 billion in 2011, eclipsed by the US whose investment jumped 44% to $48 billion, according to US–based Pew Charitable Trusts. It was the first time China slipped to the second slot in the past three years.
April 13 – China's power generation was up 7.2% year on year to 410.9 billion kW hours in March and was up 7.1% year on year to 1.14 trillion kW hours in the first three months of 2012, the National Bureau of Statistics said.
April 12 – China's five largest electricity producers reported a combined ¥2.22 billion loss in January, up from the ¥1.83 billion loss a year earlier, the Ministry of Finance said. Their combined power generation declined 8.3% year on year to 179.92 billion kW hours in January.
April 6 – China sold more than 17 million tons of aviation fuel domestically in 2011, becoming the world's second largest consumer, Li Jiaxiang, director of the Civil Aviation Administration of China, said at an international conference on aviation fuels. Aviation fuel costs, which shot up 40% in the country, dragged down Chinese airlines' profits by 26% to ¥17.44 billion last year, Li added.
April 6 – China will subsidize power producers that use renewable energy to generate electricity, according to a joint announcement by the Ministry of Finance, the National Development and Reform Commission and the National Energy Administration.
March 30 – Sinopec Group, the parent of Sinopec Corp (NYSE: SNP, SHA: 600028, HKG: 0386), said it has completed the purchase of a 30% stake in the Brazilian and Dutch businesses of Portugal's Galp Energia SGPS SA for $5.16 billion. Sinopec expects the deal to expand its daily crude oil capacity by 21,300 barrels by 2015.
March 20 – China raised gasoline and diesel prices by ¥600/ton, the biggest single increase since July 2009, after international crude prices tracked by the government had gained over 10%, the National Development and Reform Commission said. The economic planner last increased fuel prices by ¥300/ton six weeks ago. Market watchers say the latest markups will help the nation's two oil companies turn around from their loss–making refining businesses.
$1 = ¥6.3
@2011 China Economy @ The China Perspective.
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