BEIJING, April 22 (Xinhua) -- China aims to reduce the share of coal in its energy mix to less than 56 percent this year, according to a guideline released by the National Energy Administration (NEA).

The proportion was 56.8 percent in 2020 and 57.7 percent in 2019.

BEIJING, April 16 (Xinhua) -- China's economy grew 18.3 percent year on year in the first quarter of 2021, as strong domestic and foreign demands powered recovery from a low base in early 2020 when COVID-19 stalled the world's second largest economy.

China's decarbonization drive prompts strategic repositioning of companies

China's oil giants are planning to ramp up natural gas production and use more green, low-carbon methods to reach carbon neutrality, after their profits fell last year due to the COVID-19 pandemic and plummeting international oil prices.

Rio Tinto Group Plc, the world's biggest iron ore miner, is anticipating huge growth opportunities in China, after the country, which accounted for more than half of its global revenue last year, reiterated its intent to reduce carbon emissions earlier this month, a top company official said.

Firms are buoyed by nation's energy transition, clear targets on emissions, carbon neutrality

Multinational corporations have said China's ambition of peaking its carbon emissions by 2030 and reaching carbon neutrality by 2060 will bring tremendous opportunities for their business development in China.

BEIJING-Over the next five years and beyond, China will take more measures to restructure its industry and energy mix in a greener way, and this will lay a solid foundation for peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.

Market-friendly approach, reforms of govt functions to ensure prosperity

China will ensure that its market-friendly policies and reforms of government functions will help market entities to survive and flourish this year, Premier Li Keqiang said on Thursday.

Foreign media have responded positively to China's new economic growth target of over 6 percent for 2021.

The above 6 percent growth target marks a return to strong growth after the COVID-19 pandemic impacted the world's second largest economy, BBC said.

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