The US reacted angrily to the OPEC+ decision on Wednesday to make its sharpest cuts to oil production in two years despite pressure from Washington to increase production, especially during the sensitive period as midterm elections approach.After its first in-person meeting in Vienna on Wednesday, OPEC+ — which includes the Organization of the Petroleum Exporting Countries and other oil producers such as Russia — said it would cut oil production by 2 million barrels a day starting in November.The decision was based on 'uncertainty that surrounds the global economic and oil market outlooks&...
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BEIJING, Sept. 29 (Xinhua) -- China has introduced a raft of measures to guarantee fiscal support for building a nature reserve system with national parks at its heart.A fiscal guarantee system will be basically established by 2025 and the system will be improved by 2035, according to a guideline from the Ministry of Finance and the National Forestry and Grassland Administration.The fiscal support will mainly go to ecosystem protection and restoration, building and operation of national parks, coordinated development of national parks, scientific research and science popularization, as well as...
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2022
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BEIJING, Sept. 29 (Xinhua) -- China has established a pricing mechanism mainly determined by the market in the past decade, an official with the country's top economic planner said on Thursday.Up to now, the prices of all agricultural products, 80 percent of electricity, 50 percent of natural gas, and 90 percent of air passenger transportation are set by the market, Niu Yubin, a senior official with the National Development and Reform Commission, told a press conference.Niu added that 97.5 percent of society's goods and services prices are decided by market.In addition to a highly mark...
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BEIJING, Sept. 28 (Xinhua) -- Over the past decade, the Chinese Academy of Agricultural Sciences (CAAS) has made a series of agricultural sci-tech achievements, providing strong support for the country's food safety, according to the CAAS.In a summary of its work since 2012, the CAAS said its scientists discovered and cloned the genes that hindered the utilization of rice heterosis for the first time, providing important gene resources and feasible solutions to solve the problem of hybrid sterility in rice.The discovery of the key genes for the formation of the bitter taste in cucumber fru...
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BEIJING, Sept. 28 (Xinhua) -- Construction work on the fourth pipeline of a mega power transmission project that transports natural gas from China's western regions to the country's east kicked off Wednesday.With a total length of 3,340 km, the pipeline runs from Wuqia County in northwest China's Xinjiang Uygur Autonomous Region to Zhongwei City in Ningxia Hui Autonomous Region.Upon its completion, the pipeline will boost the mega power transmission project's annual capacity up to 100 billion cubic meters, said Zhang Wei, board chairman of the China Oil & Gas Piping Network...
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2022
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