The change will result in the Japanese firm’s production capacity in China falling by 70%

CATL signs battery deal with Detroit EV maker; Li Auto starts construction of new Beijing factory; electricity prices rise in Shandong and Jiangsu

Meeting China’s carbon-reduction goals may cost $21 trillion; China approves three city clusters for hydrogen fuel cell vehicle development; solar panel glass prices rebound

Shandong to launch seven power storage projects; Baosteel unit plans low-carbon metallurgy project; Zhuhai Port to invest $118.8 million in Tianlun Gas

Baosteel posts earnings of over $800 million as major players benefit from emissions curbs

The subsidiary of the world’s largest steelmaker by capacity has already doubled the value of last year’s deals

The biggest moves in China’s financial and business circles — plus Baowu Steel’s huge appetite, and how another star got struck

Baowu-Magang consolidation comes as steelmakers are seeing strong growth despite broader headwinds

Karachi deal is China’s first export of its homemade third-generation reactor design