The company will also further improve the transmission ability of its power grid by putting more ultra-high-voltage direct current lines into operation and upgrading the capacity of existing lines.
The company, which operates Shanghai Pudong International Airport, the country's second largest airport in terms of passenger volume, said its business revenue is estimated to rise 15.9 percent from a year earlier, to 8.06 billion yuan in 2017.
The company says in an SEC filing that it will use the proceeds from the debt offering for “general corporate purposes, which may include repayment of debt, repurchases of outstanding shares of common stock, acquisitions, investments, working capital, investments in our subsidiaries and capital expenditures.”
The concept is all the rage across the nation among students and young professionals for being convenient, green and cheap.
The comprehensive measures and supporting policies helped carriers at home and abroad release cargo transport capacity via their all-cargo freighters and passenger aircraft, said the CAAC.
The company pledged to be carbon neutral by 2040, a decade ahead of the deadline set by the Paris Accord. Amazon plans to use 80 percent renewable energy by 2030. The company is investing heavily in renewable energy sources, like wind power.
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The company said the average cost of surfing the internet on mobile phones has dropped 63.5 percent from 2014 to 2016.
The company is uniquely placed to foster a complete ecosystem by building communication bridges between foreign and Chinese enterprises, and connecting players from the upper, middle and lower rungs of the industry's value chain, she added.
The company said the new plant covers an area of 64,000 square meters, with a total investment of 290 million yuan (.77 million). The facility is expected to be operational by the end of this year.
The company will increase its investment in Western markets while also carrying out investment opportunity studies in economies involved in the Belt and Road Initiative, as a new growth point for its business.