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better deal with the relationship between ‘capital’ and ‘city’, which is to strengthen the four funct
ions of Beijing — the national center of politic
s, culture, international communications and scient ific innovation,” said Cai Qi, Party secretary of Beijing, last month during the two sessions.
According to the municipal authority, the new econ
omy — industries with intensive innovation a nd knowledge — now makes up 33 percent of the city’s economy, and this ratio is expected to keep growing.
President Xi Jinping’s three-nation visit to Europe last month prod
gible fruits and showed that despite any differences that may exist between China and the European Union, they have the common desire to strengthen cooperation.
Thanks to mutual efforts from both sides, China-EU
interaction has been displaying good momentum. Over the years, their economic interests have become increasingly intertwined, and people-to-people exchanges have flourished, formin
g a solid foundation on which bilateral ties have been able to grow and prosper in an all-around way.
rm has been in operation since Feb 4, 2018.
It is the first Pacific Hydro wind farm in Chile and
the first wind farm invested in by China in the South American country. The $150 million project, financed and constructed by China State Power Investment Corpo
ration, has an installed capacity of 82 MW and will generate about 282 GWh/
year, which can meet electri city demands for 130,000 households and reduce carbon emissions by 157,000 tons per year.
Located in Russia’s Yamal Peninsula in the Arctic, the Yamal liquefied natural gas project reached f
uction capacity with its three production lines, each of which has a capacity of 5.5 milli on tons per year, with operations starting in December 2017, August 2018 and December 2018, successively.
The project is the world’s largest of its kind wit
hin the Arctic Circle and is also the first m ega- energy cooperation project implemented in Russia after the Belt and Road Initiative was proposed.
It is owned by Russia’s Novatek (50.1 percent), France’s Total (20 percent), China N
ational Petroleum Corporation (20 percent) and China’s Silk Road Fund (9.9 percent).