logo
National Grid Pingxiang Power Supply Company: Power empowerment lighting up the way for 'Chinese fireworks' to take off

National Grid Pingxiang Power Supply Company: Power empowerment lighting up the way for 'Chinese fireworks' to take off

01/25/2025, Ping Xiang, china // KISS PR Brand Story PressWire //
As spring festival approaches, many firework and firecracker manufacturers in Shangli County, Pingxiang, Jiangxi Province, are experiencing a surge in orders. Since September 2024, most firework enterprises in Shangli County have been running at full capacity, with a daily output of 2,000 boxes, but the demand for fireworks still exceeds supply. In order to ensure the safe operation of fireworks enterprises during the peak season,On January 20, the National Grid Pingxiang Power Supply Company carried out a comprehensive and meticulous power safety inspection of fireworks enterprises in its jurisdiction, helping Chinese fireworks shine in the night sky globally.
Shangli County, Pingxiang City, Jiangxi Province, has a history of more than 1,400 years and is known as the home of Fireworks and Firecrackers in china. In 2021, it was listed as one of the four centralized areas for the transformation and upgrading of fireworks in the country.At present, there are 436 enterprises in the pyrotechnics industry chain. In 2024 alone, the total output value of the pyrotechnics industry cluster exceeded 20 billion yuan, an increase of 16.3%; the export trade volume was about 1.7 billion yuan, an increase of 24.8%.
On the road to the vigorous development of fireworks enterprises in Shangli County, the National Grid Pingxiang Power Supply Company injected powerful electricity into the development of the fireworks industry with all-round and multi-level service measures.In order to meet the growing electricity demand of fireworks enterprises, the company planned ahead, took proactive measures, conducted in-depth research on the distribution of enterprises, carefully planned the layout of the power grid, and vigorously promoted the upgrading and transformation of the power grid;In the process of promoting the digital transformation of the fireworks and firecrackers industry, the power supply company actively promotes the energy substitution technology, helps enterprises to eliminate high-energy consumption and high-pollution traditional production equipment, strengthen equipment renewal and technological innovation, accelerate the realization of the goal of 'mechanization, digitization and unmanned', and strive to promote the fireworks and firecrackers industry to move steadily and far in the digital wave.
The close cooperation between the power industry and fireworks enterprises not only brings new vitality and vigor to the ancient art form of fireworks, but also promotes global culture exchange and understanding. In the future, with the continuous innovation of power technology and the continuous optimization of the global energy structure, Chinese fireworks will shine even brighter. (Wang Hua)
Company: Jiangxi Chenwang Culture Media Co., Ltd.
Telephone: 18007990891
City: Ping Xiang
Disclaimer:
The opinions expressed in this article are those of the author and do not necessarily reflect the views or positions of KISS PR or its partners. This content is provided for informational purposes only and should not be construed as legal, financial, or professional advice. KISS PR makes no representations as to the accuracy, completeness, correctness, suitability, or validity of any information in this article and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US Export-Import Bank considering $120M loan for Greenland rare earths project
US Export-Import Bank considering $120M loan for Greenland rare earths project

New York Post

time2 hours ago

  • New York Post

US Export-Import Bank considering $120M loan for Greenland rare earths project

Critical Metals Corp. has received a letter of interest from the U.S. Export-Import Bank for a loan worth up to $120 million to fund the company's Tanbreez rare earths mine in Greenland, in what would be the Trump administration's first overseas investment in a mining project. The loan, if approved, would boost U.S. access to minerals increasingly at the center of global economic trade and help offset the country's reliance on market leader China. It also comes after President Trump openly mused earlier this year about acquiring the Danish island territory, an overture that has been repeatedly rejected. In a letter dated June 12 and reviewed by Reuters, New York-based Critical Metals has met initial requirements to apply for the $120 million EXIM loan and, if approved, would have a 15-year repayment term, longer than the company likely would have with private financing. 4 A loan by the U.S. Export-Import Bank to fund Critical Minerals Corp.'s Tanbreez rare earths mine in Greenland would be the Trump administration's first overseas investment in a mining project. Getty Images The project would have to be 'well-capitalized with sufficient equity from strategic investors' to receive the loan, the letter said. EXIM, which acts as the U.S. government's export credit agency, said in the letter that Critical Metals qualifies for a loan program designed to support companies that compete with China. The Tanbreez project is expected to cost $290 million and the EXIM funds would be used to fund technical work and get the mine to initial production by 2026. Once fully operational, the mine is expected to produce 85,000 metric tons per year of a rare earths concentrate and two minor metals. 'This funding package is expected to unlock significant value for our project and our stakeholders,' said Tony Sage, the company's CEO. Representatives for EXIM were not immediately available to comment. The move is the latest in a series of supportive actions by Washington toward the Tanbreez deposit and Greenland's mining sector. Reuters reported in January the Biden administration had successfully lobbied privately held Tanbreez Mining not to sell to a Chinese developer and instead sell to Critical Metals. Biden officials were visiting Nuuk as recently as last November trying to woo additional private investment in the island. Trump sent Vice President JD Vance to the island in March. 4 Vice President JD Vance in Greenland in March. via REUTERS The island's mining sector has developed slowly in recent years, hindered by limited investor interest, bureaucratic challenges and environmental concerns. Currently, only two small mines are in operation. Rare earths have strong magnetic properties that make them critical to high-tech industries ranging from electric vehicles to missile systems. Their necessity has given rise to intense competition as Western countries try to lessen their dependence on China's near-total control of their extraction and processing. Beijing in April put export restrictions on rare earths as part of its trade spat with Trump. The two countries earlier this month reached a truce, although Beijing's control of the sector has exacerbated the West's over-reliance and sparked a global hunt for fresh supplies. 4 President Trump has openly mused about acquiring the Greenland from Denmark, which Copenhagen has rejected. REUTERS Despite the loan potential, Critical Metals would still have to either build a processing facility or find an existing site with spare capacity. The company told Reuters that its goal is to process the material inside the U.S., a goal the EXIM loan would make more achievable. Last year, Critical Metals had applied for funding to develop a processing facility from the U.S. Department of Defense, but the review process stalled ahead of Trump's January inauguration. 4 Greenland's mining sector has developed slowly in recent years, slowed by limited investor interest, bureaucratic challenges and environmental concerns. It has only two mines in operation. Getty Images For the EXIM loan's additional funding requirements, Critical Metals said it is considering offtake agreements, royalty streams and funding from other U.S. governmental agencies. Critical Metals told Reuters earlier this year that it has held supply talks with defense contractor Lockheed Martin, among others. Critical Metals' 10th-largest investor is brokerage firm Cantor Fitzgerald, which was formerly led by Howard Lutnick before he joined Trump's cabinet as commerce secretary. Sage told Reuters in January he had never met or talked to Lutnick, but acknowledged Cantor's investment was a positive for his company. EXIM last year extended a letter of interest to Perpetua Resources for a loan worth up to $1.8 billion for its antimony and gold mine in Idaho.

The growing case for rate cuts, federal cuts won't gut health care and other commentary
The growing case for rate cuts, federal cuts won't gut health care and other commentary

New York Post

time2 hours ago

  • New York Post

The growing case for rate cuts, federal cuts won't gut health care and other commentary

Fed watch: The Growing Case for Rate Cuts 'President Trump's tariffs present the Federal Reserve with two conflicting challenges,' observes The Wall Street Journal's Greg Ip. Tariffs 'raise prices, which weakens the case for cutting interest rates' but also 'sap confidence and demand, which strengthens the case.' So far, 'the Fed has focused on the first risk, keeping its interest rate target between 4.25% and 4.5% since December. It might soon have to pivot to the second': 'Evidence is accumulating that inflation, despite tariffs, has been milder than feared, while the labor market might be deteriorating.' Unemployment 'has risen every month since January, by a quarter percentage point in all.' A 'restrictive stance' on interest rates 'make sense so long as inflation is all the Fed has to worry about. It no longer is.' Eye on NY: Federal Cuts Won't Gut Health Care 'New York's health-care industry stands to lose billions of dollars in federal funding' under the GOP federal budget bill, notes the Empire Center's Bill Hammond, yet that wouldn't 'be enough to 'decimate' or 'gut' New York's health care system,' as Gov. Hochul has claimed. 'The House budget would reduce federal health-care aid by $10.1 billion while obliging the state to spend an additional $3.3 billion,' a state Health Department analysis finds — yet federal aid 'would still be higher than it was in 2023.' Cut the state's Medicaid enrollment by 1.2 million, and New York 'would still be providing free coverage to about 36 percent of its population' — still '12 points higher than the national average.' Republican: Don't Let Judges Help China Steal Tech The Patent Trial and Appeal Board is 'effectively allowing a Chinese firm to keep stealing an American semiconductor technology,' warns Rep. Nathaniel Moran at The Hill. The judges on the board 'just sided with Innoscience, a Chinese firm' accused of 'stealing patented technology and selling knockoff chips' from Cali company Efficient Power Conversion. 'After a 16-month investigation,' the US International Trade Commission 'found that Innoscience had indeed stolen the technology.' Yet Innoscience separately the patent board to invalidate Efficient Power Conversion's patent. 'The Trump administration has the authority to overrule' the board's 'dangerous decision' and 'should do so immediately,' but also 'implement broader reforms' to stop 'rogue administrative judges from helping Chinese companies pilfer US intellectual property in the future.' Democrats: San Francisco Shows the Way 'In the most famously liberal city in America, voters are no longer satisfied with symbolism or purity tests — they want results,' cheer Nancy Tung & Eric Kingsbury at Real Clear Politics. San Francisco voters 'still support Democratic principles, but they are demanding leaders who deliver.' In elections since 2022 through the rise of 'outsider' Mayor Daniel Lurie, voters are supporting a 'New Pragmatism' that's 'reshaping' how the Democratic Party 'governs and earns trust.' In other parts of the country, when 'voters asked for outcomes,' the party 'gave them process and vibes.' To win back voters, Dems 'need to be practical, not performative.' New Pragmatism is about 'solving problems, using power, and being honest about what is broken and what can be fixed.' If Democrats 'want to win again, they should start paying attention' to what voters want. Media watch: Don't Follow the Money? The media can 'no longer be trusted to tell anything like the truth,' blasts the Issues & Insights editorial board. 'The FBI is investigating the financial ties behind' the LA riots, but 'the mainstream press could care less,' fearing the facts might 'implicate Democrats or upset the left's agenda.' The Post has reported how the 'Party for Socialism and Liberation, which has ties to the Chinese Communist Party, is said to be behind some of the protests,' but other outlets remain mute. 'If you want to uncover corruption, find out where the money is coming from and where it is going. At least it used to be. Today? Not so much.' — Compiled by The Post Editorial Board

EGBN Investor News: If You Have Suffered Losses in Eagle Bancorp, Inc. (NASDAQ: EGBN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
EGBN Investor News: If You Have Suffered Losses in Eagle Bancorp, Inc. (NASDAQ: EGBN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

Business Upturn

time3 hours ago

  • Business Upturn

EGBN Investor News: If You Have Suffered Losses in Eagle Bancorp, Inc. (NASDAQ: EGBN), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

NEW YORK, June 15, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Eagle Bancorp, Inc. (NASDAQ: EGBN) resulting from allegations that Eagle Bancorp may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Eagle Bancorp securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On April 23, 2025, after market hours, Eagle Bancorp filed with the SEC a current report on Form 8-K, which included an announcement of Eagle Bancorp's Q1 2025 results. Commenting on these results, an article posted on the next day stated that Eagle Bancorp's Q1 2025 announcement revealed a ' notable miss on both earnings per share (EPS) and revenue compared to forecasts.' On this news, Eagle Bancorp's stock price fell 11.3% on April 24, 2025. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store