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在线翻译:
szdaily -> Business
At a Glance
    2017-July-20  08:53    Shenzhen Daily

Coal supply sufficient

THE country’s top planning body said Tuesday that the country has sufficient coal supplies to meet its current power demands, as China seeks to ease concerns about tightening supply due to earlier government-enforced cutbacks.

The National Development and Reform Commission (NDRC) said in a statement it would “properly deal” with the impact of cutting capacity in the world’s top consumer of the fuel, and would try to stabilize supplies and prevent supply disruptions. “While ensuring mine safety, China will release quality-coal capacity in an orderly way to boost coal supply... A total of around 200 million tons of net increased coal capacity will be launched this year,” the NDRC statement said.

Curb on coal use

BEIJING is aiming to cut its coal consumption to below 5 million tons by 2020 and limit the use of coal in smog-prone areas, a document issued by the Beijing Municipal Government showed Tuesday.

The city, which suffers from bouts of choking pollution, also pledged in a five-year-plan to boost renewable energy’s share of total energy consumption to at least 8 percent by 2020 from 6.6 percent in 2015.

Apple China director

APPLE Inc. yesterday said it has appointed a managing director for its China division — a newly created role — in its latest move to localize product features and comply with new cyber regulations in China governing foreign technology firms.

Isabel Ge Mahe, who worked in wireless technology at Apple for more than nine years, will coordinate teams across China, the U.S. company said in a statement.

Lufax goes global

ONLINE wealth management giant Lufax will launch its first overseas platform in Singapore, the company said, as a more welcoming regulatory environment gave the city state an edge over neighboring Hong Kong.

Besides Hong Kong, Lufax had also considered Australia and the Middle East for its international platform. Compared with other countries, Singapore was easy to communicate with as the Monetary Authority of Singapore acts as the single regulator for fintech, CEO Gregory Gibb told reporters. Lufax, which is China’s biggest peer-to-peer lending and wealth management platform, will also develop robo-advisory services for the international and Chinese platforms.

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