China will actively expand the use of geothermal energy as the world's biggest energy consumer seeks to adopt cleaner power sources for heating.
Vice Premier Zhang Guoqing told a conference on Friday,
In a statement by Reuters, Zhang said that China will also increase the scale of wind and solar power projects while safely advancing nuclear power plant construction.
Sinopec plans to add 75 million square metres of geothermal heating area to reach a target of 160 million square metres by the end of 2025, Ma Yongsheng, chairman of state-owned refiner Sinopec, said at the same conference.
The company already has a geothermal capacity of over 85 million square metres after 11 years of development, added Ma.
Clean power sources in northern China, including geothermal, have contributed to improving air quality, said Zhang Jianhua, Director of the National Energy Administration of China.
China's National Energy Administration has proposed increasing the geothermal heating-cooling area by 50 per cent in the next five years from 2020 and doubling the geothermal power generation capacity.
European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump's tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds.
Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.
U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.