Service Industry, Sports Industry, and Energy Management Signal Positive Trends
Recently, the Ministry of Commerce, in collaboration with relevant departments, issued a notification promoting the experience of the national pilot program for expanding the service industry. This notification aims to share innovative and practical experiences across the country and relevant regions, providing guidance for advancing service industry innovation and accelerating the development of modern services.
The notification focuses on areas such as factor mobility, commodity circulation, and government services. It highlights nine key experiences, including the integration model for bonded goods purchased online with domestic logistics and the optimization of social security services for foreign workers. Moving forward, the Ministry of Commerce will work with other departments to refine and promote the innovative results from local pilot programs nationwide, driving the development of the service industry.
Support for High-Quality Development of the Sports Industry
The People’s Bank of China and three other departments have issued a set of guidelines to support the high-quality development of the sports industry, aiming to further enhance sports consumption. The guidelines propose 16 specific measures focusing on increasing financial support for key areas of sports industry development, improving the specialization of financial services for the sports sector, and reinforcing organizational and implementation guarantees.
Accelerating the Development of Virtual Power Plants
On April 11, the National Development and Reform Commission and the National Energy Administration jointly announced plans to expedite the development of virtual power plants, contributing to the establishment of a new power system. A virtual power plant integrates various distributed resources such as solar power, charging stations, air conditioning, and energy storage using IoT technology, allowing for flexible peak shaving and valley filling. It is not a traditional power plant but a sophisticated energy management system that plays a crucial role in enhancing power supply security and facilitating the absorption of new energy.
The recently issued document clarifies that the development of virtual power plants will be tailored to local conditions, encouraging the participation of private enterprises and various social capital in their investment, construction, and operation. Furthermore, virtual power plants that meet certain requirements can participate in the power market as independent entities. The document also sets development targets, aiming for national virtual power plant regulation capabilities to exceed 20 million kilowatts by 2027 and 50 million kilowatts by 2030.
