China leads in green patent applications

China's contributions to world sustainable development have been reflected by the robust growth of its patents, with a recent report by the country's top intellectual property regulator saying that China had secured the top spot in terms of the number of published green and low-carbon patent applications in 2023, up 20 percent year-on-year. This rise was 7.1 percentage points higher than the global average, the Report on Statistical Analysis of Green and Low-Carbon Patents said.

NEV sales soar 37% y-o-y in July

Sales of China's new energy vehicles or NEVs rose 37 percent year-on-year to 878,000 units in July, according to the China Passenger Car Association. China also exported around 92,000 NEVs in July, up 1.3 percent year-on-year and 18 percent month-on-month, the data revealed.