Photo: Dr. Liu Jie of CEIS releases the 2017-2018 Annual Evaluation Report on China Hydrogen Economic Development during the FCVC 2018.
NANJING, Oct. 25 (Xinhua) -- China Economic Information Service (CEIS), a wholly-owned company of Xinhua News Agency, released the 2017-2018 Annual Evaluation Report on China Hydrogen Economic Development in Rugao, east China's Jiangsu Province.
The report was released during the 3rd International Hydrogen Fuel Cell Vehicle Congress (FCVC 2018), which was held from October 23 to October 25. It was jointly hosted by the International Hydrogen Fuel Cell Association and Society of Automotive Engineers of China under the guidance of the Ministry of Industry and Information and the China Association for Science and Technology.
Relying on global economic information collection network and keeping tracking development of hydrogen economy at home and abroad, professional analysts with CEIS wrote the report.
According to the report, global hydrogen economy has taken on new features since 2017. Hydrogen economy has already become the strategic focus in global new energy layout.
Global hydrogen economic market is likely to keep warming. Hydrogen is expected to account for nearly 18 percent of energy by 2050, predicted the report.
Thanks to stimulus policies released by the Chinese government, a whole industry chain in hydrogen economy has basically taken shape, said the report.
By far, China has formed seven hydrogen economic industry clusters in Beijing-Tianjin-Hebei region, East China, South China, Central China, North China, Northeast China and Northwest China. Hydrogen fuel cell industry is expected to embrace a booming period.
Under the circumstance, major listed firms of hydrogen energy industry in China are likely to see operating revenues keep increasing. In 2017, 24 major firms listed in the Shanghai Stock Exchange and Shenzhen Stock Exchange witnessed stable development and 18 ones saw their operating revenues post gains.
Rugao, the earliest region in China to set foot in hydrogen energy industry and the one with the highest concentration of hydrogen energy enterprises, is accelerating its pace in building itself into a demonstration city in this field.
However, China's hydrogen economic industry still has a long way to go to realize large-scale commercialization. The report suggested that China should enhance protection of intellectual property rights, formulate practical plan to promote hydrogen fuel cell vehicles in a bid to realize sustainable development of the industry.
As a professional information operator, Jiangsu Center of CEIS has focused on emerging industries and provided service for Jiangsu to help it become an influential scientific and technological innovation center and advanced manufacturing base in the world. (Edited by Zhang Yuan, zhangyuan11@xinhua.org)
A single purchase
