Bloomberg

China on Track to Blow Past Xi’s Clean Power Goal Five Years Early

China is set to exceed its clean power goal with wind and solar capacity reaching 1,371 GW by 2025, five years ahead of schedule. However, the country still heavily relies on coal and needs advancements in energy storage and green technologies for a secure energy future.

China is on track to almost double its wind and solar capacity by 2025, surpassing President Xi Jinping's clean power goal five years ahead of schedule.
The country has announced or begun construction on enough projects to reach 1,371 gigawatts of wind and solar capacity by 2025.
China has installed record amounts of solar in the past two years and is set to install 154 gigawatts of solar, 55.7 gigawatts of onshore wind, and 8.3 gigawatts of offshore wind in 2023.
The country is still heavily reliant on coal and is building new coal-fired generators and striking long-term deals to buy natural gas to avoid electricity shortages.
China needs advancements in energy storage and green technologies to secure a sustainable energy future.

Charting the Global Economy: Central Banks Hold as Prices Cool

Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.

Factbox: Turkey earthquake and some of the worst natural disasters of this century

Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.

Take Five: Strap in for no landing

A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec

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