File photo: Day laborers stand along a street waiting for work in the Baohe district of Hefei, Anhui province. Photo: Zheng Haipeng/Caixin China’s recent move to push back its statutory retirement age has dealt a widespread psychological blow to public confidence in the state pension fund, though most workers remain reluctant to alter their financial behavior, according to a new academic study. A ...
File photo: Day laborers stand along a street waiting for work in the Baohe district of Hefei, Anhui province. Photo: Zheng Haipeng/Caixin China’s recent move to push back its statutory retirement age has dealt a widespread psychological blow to public confidence in the state pension fund, though most workers remain reluctant to alter their financial behavior, according to a new academic study. A research team led by He Jingwei, a professor in the Division of Public Policy at the Hong Kong University of Science and Technology, found that while the policy shift fueled pervasive anxiety about pension risks, behavioral adjustments remain largely static. Most people prefer to maintain their existing social security contribution levels, viewing neither higher nor lower payments as an optimal choice.
Fluence Energy Inc. (NASDAQ:FLNC) is one of the 10 Stocks Entering June on Fire. Fluence Energy saw its share prices climb by 43.80 percent on Monday to close at $27.15 apiece, as investors cheered its increasing role in the artificial intelligence sector with its role in the development of a next-generation platform to support the […]
Fluence Energy Inc. (NASDAQ:FLNC) is one of the 10 Stocks Entering June on Fire. Fluence Energy saw its share prices climb by 43.80 percent on Monday to close at $27.15 apiece, as investors cheered its increasing role in the artificial intelligence sector with its role in the development of a next-generation platform to support the […]
Chinese solar manufacturers and research institutes launched an alliance on Tuesday to promote solar energy in space, a potential new avenue for growth in an industry beset by terrestrial overcapacity. A total of 13 founding members, including GCL Technology Holdings Ltd. and Trina Solar Co. , inaugurated the Space Energy Development Alliance at the world’s largest solar fair in Shanghai. Shi Zhen...
Chinese solar manufacturers and research institutes launched an alliance on Tuesday to promote solar energy in space, a potential new avenue for growth in an industry beset by terrestrial overcapacity. A total of 13 founding members, including GCL Technology Holdings Ltd. and Trina Solar Co. , inaugurated the Space Energy Development Alliance at the world’s largest solar fair in Shanghai. Shi Zhengrong , founder of Suntech Power Holdings Co. and once the world’s first solar billionaire, is also among the participants. The ceremony, which lasted about five minutes, took place on the opening day of this year’s SNEC PV+ conference. Although the event didn’t offer any details on the alliance’s objectives, it highlights the extent to which space-based solar has seized the industry’s imagination, particularly as a potential energy source for orbital data centers that support artificial intelligence. Read More: China’s Solar Industry Looks to The Stars to Solve Earthly Glut Over the next decade, such facilities could generate demand for about 200 gigawatts of solar panels, Dennis Ip , an analyst at Daiwa Capital Markets Hong Kong Ltd., wrote in a note earlier this year. Around the same time, the China Photovoltaic Industry Association, the main solar lobby, warned that the technology remains far from large-scale commercialization.