He said Foxconn is also stepping up efforts in the semiconductor and chipmaking sector, in a bid to wean itself off its heavy reliance on manufacturing smartphones and diversify into new areas.

Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is stepping up efforts in the semiconductor and chipmaking sector, in a bid to wean itself off its heavy reliance on manufacturing smartphones and diversify into new areas.

The listing is viewed as part of efforts by Foxconn, formally known as Hon Hai Precision Industry Co, to wean itself off its heavy reliance on manufacturing smartphones for Apple Inc and to diversify into new areas.

The listing is widely seen as a step for Foxconn Technology Group to wean itself off heavy reliance on manufacturing smartphones for the California-based iPhone maker and to diversify into new areas.

Analysts said Sinopec's efforts are in accordance with China's ambitious goal to wean itself off coal, betting big on a shale gas boom to decrease its dependency on coal and foreign gas imports.

That combination has added momentum to efforts to invest in clean energy and wean the country's and the world's electricity markets off coal.

Europe is seeking to expand its lithium mining and refining capacity and wean itself off imports as the "white gold" becomes a vital resource in the fight against climate change.

A big addition of 1 billion metric tons of oil to the geological reserves of the Qingcheng oilfield, Gansu province, will help wean China off its reliance on oil imports and safeguard the country's energy security, industry experts said.

A big addition of 1 billion tons of geological reserves to the oil field in Qingcheng, Northwest China's Gansu province, will help significantly wean China off its reliance on oil imports to safeguard the country's energy security in the near future, industry people said.

[Photo/Agencies]PARIS — No more gasoline or diesel cars sold in France by 2040－that's the ambitious goal set on Thursday by France's environment minister as part of far-reaching efforts to wean the world's No 6 economy from fossil fuels.

The acceleration occurred even as Beijing, ahead of many other governments, has taken measures to wean the economy from stimulus to prevent risks, pointing to robust momentum of recovery.

Valuation, meanwhile, has a limited room for further expansion and even faces downside risks this year as policy normalization is underway that will gradually wean the economy off an ultraloose liquidity condition, Wang said.

The listing is widely seen as a step for Terry Gou's Foxconn, a major Apple Inc supplier formally known as Hon Hai Precision Industry Co, to wean itself off heavy reliance on manufacturing smartphones for the California-based iPhone maker and to diversify into new areas.