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Chinese President Xi Jinping and other top leaders admitted Thursday that the world's number two economy was facing new "problems" and vowed to resolve a long-running crisis in the housing sector. "Some new situations and problems have emerged in the current running of the economy," the Xinhua news agency reported after the meeting, which was attended by Xi. "We must view the current economic situation comprehensively, objectively and calmly, face difficulties squarely, (and) strengthen confidence," it added.
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The new National Electricity Plan is set to benefit transmission companies and equipment manufacturers. With a projected power demand growth, significant investments are expected in transmission and renewable energy sectors. The plan aims to address future power needs, including green hydrogen and electric vehicles, requiring substantial funding and capacity additions.
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News and Media
After reaching a 52-week high of 244.40 on September 24, shares of the Indian Energy Exchange (IEX) have since fallen 15%, nearing a key support level at 200. This decline follows reports of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal year or the start of FY26, which may impact IEX's market dominance.
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