Province Sichuan Financial News

lithium prices have more than halved. But Chinese companies have been spending heavily on domestic lithium sources as they try to secure access to the metal at the heart of the energy transition. When a recent auction for exploration rights at a lithium site in China’s southwestern Sichuan province closed, it had garnered more than 11,000 bids.

China has begun drilling a 10,000-meter hole in the ground for the second time this year as it seeks ultra-deep reserves of natural gas.China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles), Xinhua News Agency reported.

Royal Academy in 2015 was designed to evoke horror as well as awe. Mr Ai arranged 90 tonnes of steel reinforcing bars in one gallery: they had been retrieved from schools destroyed in the Sichuan earthquake of 2008, which had killed more than 5,000 children. A new show, “Making Sense", which recently opened at the Design Museum in London, includes several large-scale works.

Rescuers were looking for survivors of a landslide Saturday that buried a highway construction site and killed at least one person in the central city of Yichang in Hubei province. Five people were injured, the official Xinhua News Agency reported, citing the executive deputy mayor of Yichang, Ye Yang. Elsewhere, the weather agency issued an orange alert, its second-highest-level warning, for heat across southern China and much of the north and northeast. Temperatures above 40 C (104 F) were forecast in Beijing, the capital, and across central China to the southeastern coast. Heat above 37 to 39 C (99 to 102 F) was forecast in parts of populous Sichuan province in the southwest. Elsewhere, temperatures above 35 C (95 F) were expected in most of northern China, the rest of Sichuan and much of the south. The orange alert requires employers to make outdoor work as brief as possible. Despite that, delivery workers for restaurants and online retailers still were working.

Student athletes from around the world will get the chance to use China’s digital yuan in July, with the CBDC put to use at the Summer World University Games in Chengdu.

 

According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China announced a new program to bridge primary school education with smart contracts. In a combined partnership with local education and financial authorities, parents residing in the city of Chengdu, located in China's Sichuan province, will be able to enroll their children in after-school or extracurricular lessons using the digital yuan central bank digital currency, or e-CNY.

Despite a crackdown on Bitcoin in China last year, mining the largest cryptocurrency actually got much dirtier and emits around the same amount of CO2 annually as a country the size of Greece, a new study shows.

China announced 15 pilot zones for testing the application of blockchain technology for several service sectors.