Offshore wind, industrial profits · May 29

China ships world’s largest offshore wind station.

Today's events

Offshore wind hub.
China shipped the world’s largest offshore wind converter station, a ±500-kilovolt platform that opens its ultra-high-voltage era for deep-sea wind power.¹May 29 · NEA
Industrial profits.
Profits at large industrial firms rose 18.2% year-on-year in January–April to 2.44 trillion yuan, led by electronics and nonferrous metals.²May 27 · Stats Bureau
State-firm research.
Central state firms raised basic-research spending to 9.4% of R&D from 6% in 2021; the state-asset regulator set catch-up targets through 2035.³May 29 · SASAC
Urban-renewal plan.
The State Council issued China’s first national five-year plan for urban renewal, targeting major progress by 2030 under the 15th Five-Year Plan.⁴May 22 · State Council
Business-info crackdown.
The internet regulator launched a two-month campaign against malicious online hyping and smearing of companies, including AI-generated false information and paid extortion.⁵May 29 · CAC

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U.S. tariff talks.
The commerce ministry said both trade teams will finalize a reciprocal tariff-cut framework covering 30 billion dollars of goods on each side.⁶May 28 · Commerce
AI power demand.
China’s data centers consumed 170 billion kilowatt-hours in 2025, 1.6% of national power; the energy agency projects 800 billion by 2030.⁷May 26 · NEA
Global-governance plan.
Foreign Minister Wang Yi presented a nine-point reform plan to a 60-nation UN meeting backing Xi’s Global Governance Initiative; a joint communique followed.⁸May 28 · MFA
Intelligent economy.
A Qiushi commentary, May 28, framed the AI-driven ‘intelligent economy’ as decisive for China’s value-chain rank, while warning of data and computing-power gaps.⁹May 28 · Qiushi

Voices

“The story of China–U.S. friendship is written by the two peoples; the future of China–U.S. relations is created by the young.”
President Xi Jinping · May 28¹⁰

“Protectionism will only harm the interests of European consumers and weaken the competitiveness of European industry.”
MFA Spokesperson Mao Ning · May 29⁸

“Japan’s words and deeds do not match. If this counts as an ‘exclusively defense-oriented’ policy, then the word ‘offense’ no longer exists in the dictionary.”
Defense Ministry Spokesperson Sr. Col. Jiang Bin · May 28¹¹

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“High-quality development is not merely an economic requirement; it is an overall demand on every facet of economic and social development.”
Qiushi, Party Theoretical Journal · May 26¹²

“We hope the U.S. side will honor its commitments and create positive conditions for both sides to expand economic and trade cooperation.”
Commerce Ministry Spokesperson He Yadong · May 28⁶

“Computing equipment demands extremely high voltage stability; even a tiny deviation in power quality can cause data-transmission errors or equipment failure.”
NEA Director Wang Hongzhi · May 26⁷

Sources

National Energy Administration, “World’s Largest Offshore Converter Station ‘Heart of Sea Wind’ Sets Sail,” May 29, 2026. nea.gov.cn/…/offshore-converter-station
National Bureau of Statistics, “Profits of Above-Scale Industrial Enterprises Up 18.2% in January–April 2026,” May 27, 2026. stats.gov.cn/…/industrial-profits-jan-apr
Xinhua, “Central SOEs’ Basic-Research Investment Share Rose to 9.4% in 2025,” May 29, 2026. news.cn/…/soe-basic-research
State Council, “Notice on Issuing the Urban Renewal ‘15th Five-Year’ Plan” (Guofa [2026] No. 12), May 22, 2026. gov.cn/zhengce/…/urban-renewal-15fyp
Cyberspace Administration of China, “Notice on the ‘Qinglang’ Special Action to Optimize the Business Network Environment,” May 29, 2026. cac.gov.cn/…/qinglang-business-network
Ministry of Commerce (via Xinhua), “Spokesman Responds to Progress of China-U.S. Tariff Talks,” May 28, 2026. 81.cn/fyr/…/china-us-tariff-talks
National Energy Administration, “National Computing Centers Used 170 Billion kWh Last Year,” May 29, 2026. nea.gov.cn/…/computing-power-electricity
Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference,” May 29, 2026. mfa.gov.cn/…/press-conference-may-29
Qiushi, “What Are the Advantages and Challenges of Developing China’s Intelligent Economy?,” May 28, 2026. qstheory.cn/…/intelligent-economy
Xinhua / Supreme People’s Procuracy, “Xi Jinping Replies to Chinese and American Students in the ‘Sailing the Blue Together’ Youth Friendship Program,” May 28, 2026. spp.gov.cn/tt/…/xi-china-us-youth
Ministry of National Defense, “The International Community Must See Through Japan’s ‘Deceptive Diplomacy’,” May 28, 2026. mod.gov.cn/…/japan-deceptive-diplomacy
Qiushi, “Pursuing High-Quality Development Must Become Part of Officials’ View of Political Achievement,” May 26, 2026. qstheory.cn/…/high-quality-development