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Targeting Chinese chips? Europe’s Chip Act officially comes into effect

Targeting Chinese chips? Europe’s Chip Act officially comes into effect

Elena souhang.com 2023-09-25 14:35:11


A total of 77,000 China-Europe freight trains have been operated in the past 10 years



In the past 10 years, a total of 77,000 China-Europe freight trains have been operated, transporting 7.31 million TEUs of goods with a value of more than 340 billion US dollars, becoming an important bridge for international economic and trade cooperation. China-Europe freight trains have opened up a new situation in international transportation cooperation and brought new opportunities for the development of related industries.

After 10 years of development, China-Europe trains have opened up a new Asia-Europe land transportation channel. Domestically, three main transportation channels have been formed, namely west, middle and east, through Alashankou, Horgos, Erenhot, Manzhouli, Suifenhe and other ports. There are 86 planned China-Europe freight train lines with a speed of 120 kilometers per hour, and China Unicom has 112 cities; outside the country, three major corridors, north, central and south, have been initially formed, connecting 217 cities in 25 European countries and regions, as well as more than 100 cities in 11 Asian countries and regions along the route.


Data from the China National Railway Group shows that from January to August this year, China-Europe trains operated 11,638 trains and shipped 1.262 million TEUs of goods, a year-on-year increase of 10% and 23% respectively. It is moving towards higher quality, better efficiency, and greater safety. develop.



Construction of the first marine green methanol industry chain started



According to an official notice issued by COSCO Shipping Group, COSCO Shipping, State Power Investment Corporation, SIPG (600018), and China Inspection and Quarantine jointly signed the "Memorandum of Cooperation on the Construction of Green Methanol Industry Chain" online through "cloud signing" yesterday.


It marks that the first domestic marine green methanol full industry chain project covering all aspects of production, transportation, filling, and certification has entered the actual construction stage.


COSCO Shipping said that using green methanol fuel is an important way for the shipping industry to achieve green transformation. COSCO Shipping Group has ordered 12 methanol dual-fuel container ships with a capacity of 24,000 TEU, the world's largest, and the number of methanol ship orders worldwide has exceeded 200.



Europe’s Chip Act officially comes into effect


The European Commission announced on the 21st that the European "Chip Act" has officially entered into force. The program promotes the industrialization of key technologies through the "European Chip Plan" and encourages public and private enterprises to invest in the manufacturing facilities of chip manufacturers and their suppliers.


Under the framework of the bill, the EU plans to establish a coordination mechanism between member states and the Commission to strengthen cooperation among member states, monitor chip supply, estimate demand, and activate emergency mechanisms when necessary.


The announcement stated that Europe accounts for less than 10% of the global semiconductor production market and relies heavily on third-country suppliers. If global supply chains are severely disrupted, the European industrial sector could be depleted within a short period of time, bringing European industry to a standstill.



Africa strives to develop clean energy



The "Clean Energy Financing in Africa" ​​report jointly released by the International Energy Agency and the African Development Bank recently shows that although Africa accounts for nearly 20% of the world's total population and has abundant clean energy resources, Africa's investment in clean energy only accounts for About 2% globally.


In addition, affected by multiple factors such as regional security risks and international market prices, the financing costs of clean energy projects in Africa are at least 2 to 3 times higher than those in developed economies, hindering the establishment and construction of related projects. The report calls on the international community to take urgent action to help African countries access finance and reduce financing costs to achieve Africa's development goals and climate goals.