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Hong Kong utility China Light & Power (CLP) has equity in CGN’s Daya Bay (25%) power plant, and was until 2013 negotiating a possible 17% share in Yangjiang. After considering equity in a further CGN nuclear plant, in October 2016 CLP Holdings Ltd successfully bid for a 17% share in Yangjiang Nuclear Power Co Ltd, in response to a CGN general invitation to tender.
Since 1994 Hong Kong has been getting up to one-third of its power from Daya Bay output, and this contract now runs to 2034. According to CLP data, nuclear power cost HK 47 c/kWh in November 2013, compared with 27 cents for coal and 68 cents for gas, which provides the main opportunity to increase supply. CLP supplies about 80% of Hong Kong’s power.
China is aiming to have its manufacturing enterprises fully digitized by 2035, in a bid to upgrade its massive but declining manufacturing sectors and avoid technological blockades by the US.
China’s State Administration for Market Regulation fines Alibaba a record of 18.23 billion yuan ($2.78 billion), 4% of its 2019 revenue, for abusing market dominant position on Saturday. Alibaba is demanded to “stop illegal activities.”
Egyptian Health Minister Hala Zayed said on April 8 local time that the Egyptian cabinet has approved a state-owned vaccine producer to produce the Chinese Sinovac 科兴 vaccine locally in Egypt. She stressed that the locally produced New Crown vaccine will be exported to African countries.