China aims to restore most of its power lines before the Lunar New Year and reopened its airports even as more snow is forecast in the country's heaviest snowstorms in half a century.
The country needs to "ensure" the restoration of most electricity networks before the holiday, which starts on Wednesday, the National Development and Reform Commission said in a statement on its Web site yesterday. The worst affected are Hunan, Jiangxi and Guizhou provinces, which have only half their normal power capacity, it said.
More than two weeks of snow in central and southern China have brought transport networks to a standstill, killed at least 60 people and 15.8 million livestock and caused economic losses of at least 53.8 billion yuan (US$7.5 billion). The snow is forecast to continue until tomorrow after a temporary halt yesterday, Xinhua news agency said, citing the Central Meteorological Station.
"We have the faith, courage and ability to overcome the severe natural disaster," Chinese Premier Wen Jiabao (溫家寶), who was on board a train to disaster-hit central Hunan Province, was cited as saying by Xinhua.
PetroChina Co (
China has mobilized all its railway container trucks to ensure the transport of coal, Xinhua said yesterday, citing the Ministry of Railway. Coal shipments were increased to a record 42,200 trucks a day from Friday, it said. China relies on coal for 78 percent of its electricity.
By Thursday, domestic coal producers had total inventory of 34.7 million tonnes, 11.3 percent lower than the end of last year and down 1.8 percent from the same period a year earlier, Xinhua said, citing figures released by the State Administration of Work Safety (SAWS).
As much as 90 percent of key state-owned coal mines have been asked to continue production during the Lunar New Year holiday, it said, citing SAWS. Shenhua Group Corp (神華集團), China's biggest coal producer, could produce 20.2 million tonnes this month, higher than last month's 18 million tonnes, Xinhua said.
All airports were open yesterday, Xinhua said, citing the General Administration of Civil Aviation of China. On Saturday, the official news agency had said airports in Hangzhou and Ningbo were closed.
Hon Hai Precision Industry Co (鴻海精密) yesterday said that its research institute has launched its first advanced artificial intelligence (AI) large language model (LLM) using traditional Chinese, with technology assistance from Nvidia Corp. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said the LLM, FoxBrain, is expected to improve its data analysis capabilities for smart manufacturing, and electric vehicle and smart city development. An LLM is a type of AI trained on vast amounts of text data and uses deep learning techniques, particularly neural networks, to process and generate language. They are essential for building and improving AI-powered servers. Nvidia provided assistance
GREAT SUCCESS: Republican Senator Todd Young expressed surprise at Trump’s comments and said he expects the administration to keep the program running US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected US President Donald Trump’s call to revoke the 2022 CHIPS and Science Act, signaling that any repeal effort in the US Congress would fall short. US Senate Minority Leader Chuck Schumer, who negotiated the law, on Wednesday said that Trump’s demand would fail, while a top Republican proponent, US Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running. The CHIPS Act is “essential for America leading the world in tech, leading the world in AI [artificial
DOMESTIC SUPPLY: The probe comes as Donald Trump has called for the repeal of the US$52.7 billion CHIPS and Science Act, which the US Congress passed in 2022 The Office of the US Trade Representative is to hold a hearing tomorrow into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from cars to washing machines to telecoms equipment. The probe, which began during former US president Joe Biden’s tenure in December last year, aims to protect US and other semiconductor producers from China’s massive state-driven buildup of domestic chip supply. A 50 percent US tariff on Chinese semiconductors began on Jan. 1. Legacy chips use older manufacturing processes introduced more than a decade ago and are often far simpler than
Gasoline and diesel prices this week are to decrease NT$0.5 and NT$1 per liter respectively as international crude prices continued to fall last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. Effective today, gasoline prices at CPC and Formosa stations are to decrease to NT$29.2, NT$30.7 and NT$32.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while premium diesel is to cost NT$27.9 per liter at CPC stations and NT$27.7 at Formosa pumps, the companies said in separate statements. Global crude oil prices dropped last week after the eight OPEC+ members said they would