No more coal for 4 million homes this winter – China’s latest business and technology news
A summary of the top news in Chinese business and technology for October 3, 2017. Part of the daily The China Project newsletter, a convenient package of China’s business, political, and cultural news delivered to your inbox for free. Subscribe here.
Reuters reports that the sum of many local government initiatives to clean up air pollution, shut down bloated heavy industry, and improve energy infrastructure is that “almost 4 million homes in 28 cities” will experience their first coal-free winter this year. Cleaner-burning natural gas will become the heat source for those homes, as many cities historically dependent on the coal industry also shut down thousands of coal-fired industrial boilers. Caixin notes that one city known as China’s coal capital — Taiyuan, Shanxi Province — even “banned sales, transport and use of coal by most plants.”
The nationwide shift to natural gas is requiring tens of billions of yuan in investment in infrastructure and the subsidization of gas, as “gas costs almost double that of coal” and China will be reliant on gas imports. “Wood Mackenzie reckons the effort will add 10 billion cubic meters of gas demand this winter,” equivalent to about 5 percent of China’s consumption last year, or “the equivalent of Vietnam’s total annual use,” according to Reuters.
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Artificial intelligence
JD rolls out driverless trucks to add to its logistics service / TechNode -
Film industry
Hollywood trade group finds some Chinese cinemas fudging box-office figures / WSJ (paywall) -
Auto industry
Exclusive: One Ford, two systems – U.S. carmaker revamps China strategy amid EV push / Reuters
China, with methodical discipline, takes global lead in electric cars / WSJ (paywall) -
SOE reform
China to take flexible approach to SOE reform / Caixin