According to the State Grid Corporation of China (State Grid), all 140 key projects designed to meet this summer's peak electricity demand in the State Grid operation area have been completed and are running as of Monday, providing strong support for the safe operation of power grids and reliable supply of electricity.
On Monday, several power grid projects are completed and put into operation.
In east China's Jiangsu Province, a 220-kV intercity line project completed renovation, doubling the transmission capacity. It will further enhance the mutual assistance between grid networks in the Yangtze River Delta region.
In southwest China's Sichuan Province, the 500 kV transmission project of the Bala Hydropower Station was successfully put into operation, with 746,000 kilowatts of hydro and photovoltaic power installed capacity successfully connected to power grids in Sichuan. This will effectively alleviate the power supply pressure during summer.
So far, all of State Grid's 140 key projects designed to meet the peak summer demand have been put into operation on schedule, with a total investment of more than 30 billion yuan (about 4.18 billion U.S. dollars). The newly-added transformer capacity has reached 50.06 million kilowatts, which will increase the power supply capacity by more than 30 million kilowatts. "Upon completion, this batch of key projects will significantly improve the power supply capacity of power grids, greatly solve the problem of overload in some areas, provide strong support to secure power supply during summer, and effectively meet the electricity demand for high-quality economic and social development," said Zhou Xinfeng, deputy director of the infrastructure department at the State Grid Corporation of China.
China's State Grid completes 140 key projects for peak summer electricity demand
Russian and Kenyan experts have hailed China's Central Economic Work Conference as a pivotal moment in shaping China's economic future, with its resilience offering a stabilizing force for the global market.
Their comments followed the annual Central Economic Work Conference, held in Beijing from Wednesday to Thursday.
Chinese President Xi Jinping delivered an important speech at the conference, in which he reviewed the country's economic work in 2025, analyzed the current economic situation, and arranged next year's economic work.
Vasily Kashin, director of the Center for Comprehensive European and International Studies at the HSE University, emphasized the significance of the meeting.
"This conference is of great significance. It is not only related to the assessment of China's current economic situation, but also outlined the priorities for the future, including the next five-year plan. There has been a renewed emphasis on the significant role of new quality productive forces, new growth points, and sci-tech development. This economic work conference places a greater emphasis on action. The content of the meeting covers various economic indicators that China hopes to achieve in the near future and involves a series of specific measures aimed at optimizing economic quality and ensuring sustainable development," he said.
Kashin said China's economic progress reflects a shift towards high-tech, sustainable industries and environmental improvements.
"The achievements of China's economy are primarily related to the changes in the export structure and the sources of growth. Enterprises in the high-tech, digital economy, and renewable energy fields are playing an increasingly important role. Their product exports are on the rise, which include electrical transportation equipment, latest types of vehicles, and complex industrial equipment. This is a very important achievement. China has also carried out a great deal of work in reducing greenhouse gas emissions, optimizing the ecological environment, and raising ecological standards. These are the main achievements China has made so far," said Kashin.
Meanwhile, James Shikwati, a Kenyan economist and director of the Inter-Region Economic Network, hailed China's economic resilience over the past five years.
"China's show of economic resilience for the last five years has given the global economic sector a stabilizing factor, because right now, as you speak, many countries are in panic mode because of protectionism that is rising, especially in developed economies such as the U.S. and Europe. And China has been showing this steadiness that its economy is able to withstand those shocks, and by showing that it can withstand those shocks, it gives hope to other economies, especially from the Global South, that have always heavily dependent on Western economies," said Shikwati.
Shikwati added that China's openness to new markets offers opportunities for developing countries worldwide.
"China's opening up to the world, what it is doing is offering an alternative platform, not necessarily stopping people from the old platform, but simply creating what I'll call some kind of fresh air in the global market system, so that countries, especially from the Global South, can access its markets," he said.
Int'l experts hail China's economic resilience with high-quality development
