Categorie: Economy

  • 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…

  • 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/

  • 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…