Core Viewpoint - Eric Solheim emphasizes the significant progress China has made in ecological civilization and green development, positioning it as a leader in global climate governance and sustainable practices [1][4][10]. Group 1: China's Green Development Policies - China has consistently highlighted the importance of balancing ecological protection with economic development, marking a shift from reliance on fossil fuels to sustainable energy sources [4][5]. - The country has made substantial improvements in air quality and water quality, showcasing a successful transformation driven by the philosophy of nurturing the natural environment to promote economic growth [5][6]. - China is now a leader in various green technologies and has established a comprehensive national park system to protect endangered species, indicating its advancement in green development [6][10]. Group 2: Global Green Transition - The global shift towards green energy is unstoppable, with countries like China, South Korea, and Japan continuing to invest in renewable energy despite the U.S. withdrawing from the Paris Agreement [7][10]. - Solar energy has become one of the lowest-cost energy sources globally, and transitioning to solar not only saves costs but also enhances energy security for nations [9][12]. - The U.S. exit from climate cooperation may create challenges, but it primarily affects the U.S. itself, as other nations will continue to pursue green initiatives [8][10]. Group 3: China and Global Climate Leadership - China is positioned to fill the leadership void left by the U.S. in climate cooperation, with a focus on increasing investments in renewable energy technologies globally [10][11]. - The collaboration between China and Europe is seen as crucial for leading global climate action, especially in engaging developing countries [10][11]. - The importance of avoiding additional tariffs on green technologies is highlighted, as such measures could hinder the progress of the green transition [13][14].

这份成绩单的背后，是天山股份以"三精管理"为核心的精益运营能力、以绿色低碳为导向的技术创新实 力，以及作为行业龙头以稳促进、穿越周期的韧性。在行业需求萎缩、成本压力犹存的上半年，天山股 份将"经营精益化、管理精细化、组织精健化"的三精管理理念贯穿全业务链条，通过数字化转型赋能、 采购模式创新、成本结构优化等举措，实现了"降本控费"的实质性突破，为业绩减亏奠定了坚实基础。 在海外市场的关键布局上，天山股份的国际化进程显著提速。依托中材水泥海外平台，公司上半年海外 区域营收同比大增72.49%。公司将通过以并购方式为主、绿地项目为辅的同时叠加租赁等轻资产模式 落地部分项目，逐步构建海外产能网络。报告期内公司海外业务毛利率达39.90%，显著高于国内业 务，验证国际化战略的盈利潜力。 半年报披露，报告期天山股份通过水泥价格修复与成本优化双向发力，水泥销售价格和销售毛利率同比 提升；公司商混销量基本持平，受砂石价格下行影响，商混价格呈走低态势，公司积极推进降本工作， 原材料成本下降，商混单方毛利及整体效益均同比增长。 报告期，降本节支的成果在财务数据中体现得尤为明显。半年报显示，天山股份营业成本同比下降 16.71% ...

Core Viewpoint - The article highlights the transformation of Fugu County in Shaanxi Province, China, from a coal-dependent economy to a green and sustainable development model, emphasizing ecological restoration, clean energy initiatives, and the integration of green practices into daily life [1][2][3][4]. Group 1: Traditional Industry Transformation - Fugu County is focusing on "green transformation" of traditional industries, with companies like Shaanxi Xinyuan Clean Energy Co., Ltd. implementing rooftop solar panels and energy-efficient systems, resulting in a reduction of carbon emissions by 280,000 tons annually [1]. - Jin Chuan Hong Tai Magnesium Alloy's coal carbonization production line has improved coal conversion efficiency by 35%, reducing carbon emissions by nearly 118 kg per ton of product, leading to cost savings of over 9 million yuan last year [1]. Group 2: Clean Energy Development - The acceleration of clean energy projects in Fugu County includes the Gushan Wind Power project, which will generate 400 million kWh annually, and the installation of solar panels that have increased the clean energy share in the main urban area to 100% [2]. - The total installed capacity of wind and solar energy in Fugu has surpassed 2 million kW, contributing to energy security and enhancing the ecological environment [2]. Group 3: Ecological Restoration and Rural Revitalization - Systematic governance of abandoned mining sites has revitalized 900 acres of land, transforming former mining areas into ecological landscapes and agricultural hubs, with over 1,500 fruit trees planted and vegetable greenhouses established [3]. - The collective income of Heishan Village reached 100,000 yuan in the first half of the year, showcasing the economic benefits of ecological restoration and rural revitalization efforts [3]. Group 4: Integration of Green Practices - The transition to electric public transport includes 137 electric buses and 63 electric taxis, with community waste sorting accuracy exceeding 80%, reflecting a cultural shift towards low-carbon living [4]. - The local government emphasizes the integration of traditional industry carbon reduction, clean energy expansion, and ecological value realization, with plans to deepen efforts in the circular economy [4].

盛夏晨风轻抚，走进福建华电漳浦盐场一期渔光互补光伏发电项目现场，焊花飞溅映亮晨曦，机械轰鸣 与海风交织成激昂的建设交响曲，200余名施工人员正抢抓项目建设的"黄金期"。 截至2024年底，中国华电完成供电煤耗290.69克/千瓦时，同比降低2.33克/千瓦时；万元产值二氧化碳 排放较2021年下降15.52%。 水电作为规模效益大、开发价值高、技术最为成熟的清洁能源，是构建清洁低碳、安全高效能源体系的 重要组成部分。 中国华电践行"生态优先、绿色发展"理念，持续发展水电。在雪域高原，西藏最大内需水电站——DG 水电站实现一年4投；在福建周宁，华电福建周宁抽水蓄能电站的全容量投产，实现了中国华电在抽水 蓄能领域"零的突破"……同时，依托水电灵活调节能力，推动水风光一体化综合开发。7月11日，金上 巴塘水电站全面建成投产，金沙江上游国家水风光一体化示范基地再添一水电明珠。 结构焕新 能源供给水平显著提高 从稳定能源保供，到提升供给质量；从实现化石能源高效开发利用，到优先发展非化石能源，确立生态 优先、绿色发展的鲜明导向，中国华电集团有限公司（以下简称"中国华电"）把握能源变革趋势，加快 绿色转型。该公司发电装机从 ...

Economic Overview - In July, China's economy demonstrated a steady and progressive development trend, with continuous growth in production and demand, stable employment and prices, and significant advancements in new productive forces, contributing to high-quality development [2][3] Industrial Performance - Industrial production showed a steady upward trend, with the industrial added value of large-scale enterprises increasing by 5.7% year-on-year in July and 6.3% cumulatively from January to July, surpassing the average of the past five years by 0.42 percentage points [3][4] - High-tech manufacturing and equipment manufacturing emerged as the main growth engines, with year-on-year growth rates of 9.3% and 8.4%, respectively, outpacing the overall industrial growth rate [3][4] - New productive forces are being cultivated, with significant increases in the production of smart drones (80.8%), new energy vehicles (17.1%), and integrated circuits (26.9%) [3][4] Consumer Market Dynamics - The retail sales of consumer goods reached 3.88 trillion yuan in July, reflecting a year-on-year growth of 3.7%, while the cumulative total for January to July reached 28.42 trillion yuan, growing by 4.8% [5][6] - Service consumption showed strong momentum, with a 5.2% year-on-year increase in service retail sales from January to July, driven by summer tourism [5][6] - Upgraded products saw significant sales growth, with office supplies increasing by 13.8%, home appliances by 28.7%, and furniture by 20.6% [5][6] Foreign Trade Resilience - In July, China's total goods import and export value increased by 6.7% year-on-year, with exports growing by 8% and imports by 4.8%, indicating strong external demand resilience [7][8] - From January to July, the total value of goods trade reached 25.7 trillion yuan, reflecting a year-on-year growth of 3.5% [7][8] - The resilience in foreign trade is attributed to the deepening economic cooperation with countries along the Belt and Road, stable policies from the US-China tariff truce, and the growth of high-value-added product exports [7][8] Policy Outlook - The macroeconomic policies are expected to further strengthen in the second half of the year, with high-tech manufacturing and green industries projected to maintain growth rates around 10% [9][10] - Continued support for consumption through policies like trade-in programs and financial assistance for the service sector is anticipated [9][10] - Infrastructure investment is expected to rebound with the gradual allocation of special bonds and the introduction of new policy financial tools [9][10]

国家发展改革委党组成员、副主任周海兵日前在2025年全国生态日主场活动期间发布了中国推动绿色转 型暨碳达峰碳中和重大宣示提出5周年重要成果。 具体来看，"双碳"顶层设计不断完善。中国已构建全球最系统完备的碳减排顶层设计和政策体系，将碳 达峰碳中和纳入生态文明建设整体布局和经济社会发展全局。国家层面出台了做好"双碳"工作的意见和 《2030年前碳达峰行动方案》两个顶层设计文件。部门层面制定了12个分领域分行业的碳达峰实施方 案，以及科技、财政、金融、标准、消费等30余项支撑保障方案。31个省（区、市）都出台了本地区碳 达峰实施方案。 全球气候治理的中国贡献日益彰显。中国承担大国责任、展现大国担当，积极履行应对气候变化国际义 务，在气候变化国际谈判中发挥积极作用，为推动全球气候治理进程发挥重要作用。作为全球最大清洁 能源出口国和投资国，推动全球风电和光伏发电成本在过去10年间分别下降超过60%和80%，为全球碳 减排和绿色转型作出了巨大贡献。深入开展应对气候变化南南合作，与42个国家签署项目文件，提供并 产业结构优化升级稳步推进。中国积极塑造经济发展新动能新优势，因地制宜发展新质生产力，加快构 建绿色低碳循环发展 ...

上海民营经济具有鲜明的"外向型"特征，中国银行充分发挥全球化优势和综合化特色，以更实、更精的 金融服务护航民营企业"走出去"。 上海某公司是一家深耕岩土工程领域的民营企业，为全球客户提供集勘察、设计、施工、监测于一体的 定制化综合服务，其多项核心技术在国际基建领域保持领先地位，形成了显著的技术壁垒。在全球产业 链重构的浪潮中，企业"出海"步伐加速，却也面临融资壁垒、汇率风险等多项挑战。 中国银行结合企业战略布局，为其量身定制涵盖保函、授信等一揽子综合服务方案。通过内保外贷方 式，中国银行先后为其境外二级越南子公司、新加坡分公司开立付款保函和履约保函，全面满足企业融 资及跨境结算需求，为企业高质量发展提供金融助力。 推动绿色转型 再生资源回收利用既是民生"关键小事"，又是关乎"无废城市"建设的大事。上海某实业发展公司是一家 从事园林绿化工程的民营企业。 ■本报记者 郝飞 近年来，中国银行坚守"金融为民"初心，不断创新产品和服务，针对上海民营企业特点和需求"把脉问 诊"，引金融活水精准滴灌民营经济。 护航"走出去" 为支持"无废城市"建设和企业长远发展，中国银行为客户降低利息成本并减免全部担保费用，为企业搭 建旧 ...

Core Viewpoint - The article emphasizes the importance of green transformation for high-quality development in China, showcasing the diverse paths taken by Inner Mongolia, Zhejiang, and Chongqing in their respective green initiatives [2][12]. Group 1: Inner Mongolia's Green Transformation - Inner Mongolia is focusing on reducing carbon emissions by decreasing the proportion of coal-fired power, which has dropped from 83% in 2020 to 74% in 2022, saving 195 million tons of standard coal [3][4]. - The region has implemented integrated projects for desertification control and renewable energy, with a new 500,000 kW photovoltaic project recently completed [3]. - Inner Mongolia aims to achieve a total installed capacity of renewable energy exceeding 170 million kW by the end of the year, with an expected annual power generation of 300 billion kWh, reducing coal consumption by 91.5 million tons and CO2 emissions by 250 million tons [6][4]. Group 2: Zhejiang's Ecological Economy - Zhejiang has built the first ecological province in China, with renewable energy accounting for 50.2% of its installed capacity, surpassing coal-fired power for the first time [7]. - The province has seen a 38% reduction in energy consumption per unit of GDP over the past two decades, ranking among the top in the country [7]. - Zhejiang's green transformation has led to a significant increase in high-tech industry investment, growing by 15.2% in the first half of the year, with the digital economy now accounting for over 50% of GDP [8]. Group 3: Chongqing's Green Development - Chongqing is focusing on building a green economy, with 170 national-level green factories established, contributing to 29.5% of the city's industrial output [10][11]. - The city is transitioning from heavy industry to high-end, intelligent, and green manufacturing, with significant investments in electric vehicle production and renewable energy [11]. - Chongqing is actively exploring innovative mechanisms for ecological protection and green finance, aiming to enhance its ecological civilization and modernize its economy [11][10].

Core Viewpoint - The article emphasizes that the ESG (Environmental, Social, and Governance) framework is reshaping global business logic and becoming a core measure of long-term corporate value and resilience, especially in the context of China's dual carbon goals by 2025 [1][5]. Group 1: ESG Implementation and Policy - By 2025, China aims to achieve its dual carbon goals, with multiple government departments actively promoting ESG disclosures, leading to 2,500 A-share listed companies voluntarily releasing ESG reports [1]. - The third "Vitality·ESG" Innovation Forum was held in Shanghai, focusing on green transformation and high-quality development, gathering experts from various sectors to discuss these themes [1][5]. Group 2: Forum Highlights and Initiatives - The forum featured prominent figures from the ESG field, including former officials and leaders from financial institutions, discussing the latest policy trends and the importance of integrating ESG into corporate strategies [7][8]. - The event was certified for carbon neutrality, showcasing a commitment to sustainability through various eco-friendly practices during the forum [3][9]. Group 3: Case Studies and Best Practices - The forum announced the collection of nearly 200 outstanding ESG case studies from various industries, with 56 selected for inclusion in the "21st Century Vitality·ESG Practice Report (2025)" [17][18]. - The selected cases highlighted the integration of ESG into core management frameworks, with companies establishing dedicated committees and linking ESG goals to executive performance [18]. Group 4: Future Directions and Media Role - The 21st Century Economic Report aims to continue building an ecosystem for sharing ESG practices, contributing to China's green and high-quality development [19].

Core Insights - The ESG (Environmental, Social, and Governance) concept is reshaping global business logic and is becoming a core measure of long-term corporate value and resilience [1][4] - The Chinese government emphasizes green transformation and sustainable development as strategic priorities, with a focus on achieving carbon neutrality by 2025 [1][4] - The third "Vitality·ESG" Innovation Forum gathered key stakeholders to discuss green transformation and high-quality development, highlighting the importance of ESG in corporate strategies [1][4][6] ESG Reporting and Initiatives - 2,500 A-share listed companies have voluntarily disclosed ESG reports, indicating a growing trend towards transparency and accountability in corporate practices [1] - The forum launched the "Vitality·ESG" case collection initiative, aiming to compile exemplary ESG practices into a report for 2025 [3][14] - The forum achieved carbon neutrality certification, showcasing a commitment to sustainable practices in event organization [3][9] Expert Insights and Discussions - Experts discussed the integration of ESG principles into corporate strategies, emphasizing the need for financial markets to enhance pricing capabilities related to environmental factors [7][8] - The importance of digital tools in supporting carbon data management and ESG initiatives was highlighted, indicating a shift towards technology-driven solutions [8] - ESG is viewed not merely as a compliance requirement but as a strategic choice for companies to achieve breakthrough development amidst market challenges [10][15] Case Studies and Best Practices - The forum received nearly 200 exemplary ESG cases from various sectors, with 56 selected for inclusion in the upcoming report, reflecting diverse practices in environmental friendliness, social responsibility, and corporate governance [14][15] - Leading companies are establishing green strategic goals and utilizing green technologies to reduce carbon emissions, demonstrating a proactive approach to ESG [15] - The integration of ESG into core management frameworks is becoming common, with companies linking ESG goals to executive performance to ensure accountability [15]