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China's State Grid invests over 270 bln yuan in fixed assets in H1

China

China

China

China's State Grid invests over 270 bln yuan in fixed assets in H1

2025-07-22 16:59 Last Updated At:20:07

The State Grid Corporation of China (State Grid) completed fixed asset investments exceeding 270 billion yuan (about 37.8 billion U.S. dollars) in the first half of the year, representing an 11.7 percent year-on-year increase and setting a historical record for the period, according to the company on Tuesday.

In its operational areas, the newly installed capacity for renewable energy reached 203 million kilowatts, marking a year-on-year growth of 108.7 percent.

The newly added capacity for pumped storage reached 2.575 million kilowatts, achieving 70 percent of the annual construction target.

The State Grid has accelerated the construction of renewable energy transmission channels, steadily improving its system regulation capabilities. This effectively ensures the safe and stable operation of the power grid and promotes the high-level consumption of renewable energy.

China's State Grid invests over 270 bln yuan in fixed assets in H1

China's State Grid invests over 270 bln yuan in fixed assets in H1

China's top diplomat Wang Yi said on Friday that one of the top priorities at present is to contain the spread of the conflict and prevent further involvement of other countries.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Foreign Affairs, made the remarks in a phone conversation with Emmanuel Bonne, diplomatic adviser to the French president, at the latter's request.

Wang elaborated on China's position, saying that the current situation in the Middle East is still deteriorating, with the conflict continuing to spread. This has not only undermined the stability of global energy supply but also led to a severe humanitarian crisis.

Resorting to force will not solve the problem, and an unjust war should not be allowed to continue, he said.

In the face of the critical situation, China and France, as permanent members of the UN Security Council, should strengthen strategic communication and coordination, firmly uphold the UN Charter and international law, and prevent the world from regressing to the "law of the jungle," Wang said.

He added that the other two top priorities are for the international community to speak with one voice in calling for an immediate ceasefire and to intensify efforts to advance peace talks, and for the United Nations and the UN Security Council to play their due role in facilitating the early restoration of peace and stability in the region.

Despite the difficulties, dialogue and negotiation remain the right path out of the crisis, Wang said, adding that China and France should work together toward this end.

For his part, Bonne shared his perspectives on the current situation in the Middle East, including developments in Iran and Lebanon.

He said that France and China, as major countries, both support the United Nations, abide by international law, and advocate resolving differences through dialogue.

He said that the two countries should work together to explore solutions and contribute to easing tensions and resuming negotiations.

France is willing to enhance communication and cooperation with China to push for the early achievement of peace and stability in the Middle East, he added.

China's top diplomat urges efforts to prevent escalation in Mideast conflict

China's top diplomat urges efforts to prevent escalation in Mideast conflict

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