Liaoning province in Northeast China saw a major onshore wind power project connect to the state grid and go into operation on Saturday.

Thanks to the large-scale development of clean energy, especially solar and wind power, consumption of fossil fuels is expected to decrease by 3.15 billion ton standard coals during the 2030-60 period, Dai said.

This means that renewables, which have lower individual production costs, end up having to share the price burden of more expensive fossil fuels.

A similar project that transmits power from Baihetan to Jiangsu Province in the east was put into use in July.

The construction of a mega solar and wind power base in North China's Inner Mongolia autonomous region will further facilitate the country's low-carbon energy transition and ensure domestic energy security, industry experts said.

Despite the winter cold, workers are busy building a large wind power project in the Shanxi city of Gujiao.

Prices of key metals are likely to fall in 2023 but are still above 10-year averages, according to Fitch Ratings.

Many world-leading technological innovations with independent intellectual property rights have emerged from the railway.