Efforts enhanced to boost green recycling

The State Grid has intensified its low-carbon approach for boosting the circular economy. In Jiangsu province, the local power system retired over 11,000 metric tons of cables, over 9,000 tons of aluminum stranded wires, and over 7,000 tons of insulated wires in 2024. Targeting the steady increase of these waste cables, the State Grid Xuzhou Power Supply Co established a resource recycling center in September 2024 to carry out green dismantling of cables, which faced difficulties to dismantle due to a lack of professional capabilities. So far, it has finished the centralized disposal of multiple batches of waste cables, yielding 670 tons of recyclable and reusable materials.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 18 pips to 7.1793 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

Xinhua - China Daily