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date
19/06/2025
Federal Reserve Chair Powell: The labor market is generally balanced. The labor market is not the source of inflation. Labor conditions are consistent with full employment.
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17 m ago
According to incomplete statistics within the industry, from January to May of this year, a total of 68.4GW of approved wind power projects were added in 25 provinces and cities in China, a year-on-year increase of 72%. At the beginning of the year, some related institutions predicted that the newly added wind power installed capacity in China this year will reach 105GW to 115GW, with a growth rate of around 40% compared to 2024. As the scale of the industry continues to rise significantly, the low-price competition that has been plaguing the industry in recent years has also shown a clear improvement. In order to address the issue of "vicious competition at low prices" in the wind power industry, at the Beijing International Wind Energy Conference and Exhibition held in October 2024, 12 wind turbine manufacturers committed to abide by the rules and jointly signed the "China Wind Power Industry's Market Fair Competition Environment Self-discipline Convention". This has become a key turning point for the wind power industry in terms of pricing. Domestic wind power manufacturers are about to reap the benefits of their layout in the "two seas" market (namely offshore wind power and overseas wind power markets). Interviewees believe that China can help other countries develop wind power in a more efficient and cost-effective way by leveraging its advantages in wind power technology, costs, and experience. Additionally, due to fewer installations last year, the growth rate of offshore wind installations this year will also be relatively high. (Securities Times)
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