Categorie: Economy
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China’s technology sector: AI innovation drives market leadership as domestic powerhouses diversify
This article examines how China’s technology sector is cementing its role as a global innovation leader by harnessing artificial intelligence and diversifying its business models. Despite challenges from regulatory shifts and ongoing trade tensions, Chinese tech companies are reinvesting heavily in research and development to drive breakthroughs in AI, next-generation chip technologies, and digital infrastructure. These…
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Measures cannot wait for next budget cycle’: Reaction to EU’s new €100 billion-plus clean energy plan
The EU’s €100 billion Clean Industrial Deal and Affordable Energy Action Plan aim to boost industry and renewables. The Deal focuses on manufacturing, while the Plan targets clean energy. To support local manufacturing, the EU is considering non-price procurement criteria, crucial for industries like battery production to stay competitive. Source: https://www.energy-storage.news/measures-cannot-wait-for-next-budget-cycle-reaction-to-eus-new-e100-billion-plus-clean-energy-plan/
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EU is wasting free energy as industry flatlines
The EU faces significant challenges with energy waste and high prices due to insufficient energy storage. Despite rapid growth in renewable energy, the lack of storage means excess energy is often lost, exacerbating high energy costs for industries. In 2023, the EU wasted the equivalent of 0.5% of its total power consumption. The EU’s new…