China Economy @CE_ChinaEconomy
Latest business news and valuable information from China. ce.cn Beijing Joined December 2019-
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Goldman Sachs, a global investment banking, securities and investment management firm, sees double-digit growth potential in valuations of #China's A shares, given the country's recently released nine measures to promote the high-quality development of the capital market.
Chinese astronauts Ye Guangfu, Li Cong and Li Guangsu will carry out the Shenzhou-18 crewed spaceflight mission, and Ye will be the commander, the China Manned Space Agency announced at a press conference on Wednesday.
The robust performance of #Beijing's information software industry in Q1 of this year underscores its resilience and growth trajectory, with an added value of RMB 237.92 billion, up 13.7% YoY. In 2023, the revenue scale approached RMB 3 trillion, maintaining double-digit growth.
#China's Yunnan Province received 300 million tourists from home and abroad in Q1 of this year, up 5.3 percent from a year earlier. The province's tourism revenue totaled over 391.7 billion yuan (about 55.1 billion U.S. dollars) in Q1, up 16.1 percent year on year.
#China's investment in water conservancy facilities rose 4.4 percent year on year to 193.3 billion yuan (about 27.2 billion U.S. dollars) in the first quarter of this year. China began 9,683 new water conservancy projects in the first quarter, up 33.8 percent year on year.
A Shenzhen-based company released the world's 1st zero-carbon open-ear earbuds, the latest of a series of technological breakthroughs fast-tracked by #China's "dual carbon goals." The Cleer ARC 3 allows users to remain aware of the sounds in their surroundings.
The second phase of the 135th #CantonFair opened in Guangzhou on Tuesday focusing on displaying products such as household goods, gifts, decorations, building materials and furniture with an exhibition area of about 515,000 square meters.
#China's general public budget spending expanded 2.9% YoY to nearly 7 trillion yuan (about 985 billion U.S. dollars) in the first quarter of 2024. Official data also shows China's general public budget revenue decreased 2.3% YoY to 6.09 trillion yuan in the first quarter.
In recent years, #China has witnessed remarkable growth in its non-bank payment industry. Data shows over 1 trillion transactions are made in China via non-bank payment institutions annually, with a total value at approximately 400 trillion yuan (about 56.3 trillion US dollars).
A growing number of young Chinese are embracing a low-carbon lifestyle, opting for EVs, public transport, and products with a low-carbon label. #China's drive to realize "dual carbon goals" has served to raise public awareness and nurture an expanding market for green products.
#China unveiled its data of technically recoverable oil and gas resources. By the end of 2023, China's technically recoverable reserves of oil stood at 3.85 billion tonnes, up 1% YoY, and that of gas reached 6.68 trillion cubic meters, up 1.7% YoY.
#China has restored over 100 million mu (about 6.7 million hectares) of land in a massive ecological remediation drive called the Shan-Shui Initiative, which translates as "mountains and rivers" initiative.
Have you heard about the amazing 3D printed concrete farmhouse project in central #China's Hubei Province? Get ready to explore a perfect fusion of cutting-edge technology and traditional building materials.
Since the beginning of this year, a total of 1,001 #China-Europe freight trains have passed through the Erenhot railway port, carrying 113,000 TEU of cargo, up 7.8 percent and 9.2 percent respectively, reaching record highs in the same period.
#China's Heilongjiang Province saw its foreign trade of goods reach RMB 79.7 billion in Q1 of 2024, up 10.3% YoY. Among exports, passenger cars, automatic data processing equipment & its parts, and household appliances reported YoY increases of 46%, 285.7% & 233.5%, respectively.
#Beijing has recently unveiled an action plan aimed at propelling its information software industry to new heights, with a target of pushing the sector's revenue to 4.8 trillion yuan (about 675.65 billion U.S. dollars) by 2027.
#China's Guizhou Province saw its GDP total 517.88 billion yuan (about 71.49 billion U.S. dollars) in the first quarter of 2024, up 5.5% year on year. Guizhou recorded imports and exports totaling 18.92 billion yuan in the first quarter of 2024, up 23.7% year on year.
The US has repeatedly boasted its "contribution" as world’s largest aid donor, but it has never fully met its int'l responsibilities. In 1970, developed countries agreed to give 0.7% of GNI for ODA. However, according to OECD, the US has never fulfilled this commitment on records
#China has made significant strides in the development of internet infrastructure. By the end of 2023, China had assigned over 68,000 blocks/32 of IPv6 addresses, registered over 20 million top-level ".cn" domain names, and established 1.136 billion broadband access ports.
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15K Followers 465 Following This is Taicang, the nearest city to Shanghai located along the Yangtze River and a shining example of Sino-German cooperation.
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Global Times @globaltimesnews
1.9M Followers 541 Following China's national English language newspaper, under the People's Daily. Apps: https://t.co/S9E7BpFVPI
Spokesperson发言人.. @MFA_China
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CCECC @CCECC8
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Courier services in #China have seen a surge in parcel handling in early 2023, hitting 10 bln parcels by Feb. 8. The country's courier companies hit 10-bln-parcels mark within the first 39 days of 2023, which is 40 days quicker than in 2019, before the COVID-19 epidemic struck.
SAIC Motor, #China's main carmaker, has set its 2023 sales target at 6 million vehicles, including 1.2 mln units for overseas, the company said. The company said it also expects to sell 1.5 mln #newenergy vehicles this year. It sold over 1.07 mln new-energy vehicles last year.
Starting from Feb. 20, mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area will pilot a new policy of issuing endorsements for talents working in the mainland to travel to the Hong Kong Special Administrative Region (HKSAR) and Macao SAR.
In fact, there have been signs. Telling signs.
The "free and professional" US and European media have been mysteriously mum about the revelation of well-known investigative reporter about #Nordstream.-Foreign Ministry Spokesperson Hua Chunying.
Shining Christmas decorations illuminate Damascus ahead of festival season amid a deepening economic crisis in the war-torn country, while various kinds of gifts are displayed, delivering Syrians' good wishes for upcoming year xhtxs.cn/COy #MideastInPictures
After the Covid-19 pandemic, according to Deloitte Insight's Electric Vehicles, EV sales tipped over the two million mark. It's high time that 🇵🇰 jumped on the bandwagon of EVs. @elonmusk @CE_ChinaEconomy #EvinPakistan
PAKISTAN’S BIGGEST EV/NEV PLANT UNDER CONSTRUCTION. @CE_ChinaEconomy
China has launched a platform for sharing #nearspace science data to facilitate research. The platform, Scientific Experimental System in Near Space, is led by the #Aerospace Information Research Institute, according to the Chinese Academy of Sciences (CAS).
China has removed all remaining counties from poverty list. The last 9 impoverished counties, all in Guizhou, have eliminated absolute poverty, the provincial government announced on Nov 23. This means that all 832 registered poor counties in China have shaken off poverty.
China's tablet computer shipments reached 6.9 mln units in Q3, surging 21.7% YoY, thanks to booming online education and strong demand for entertainment in global market amid COVID-19 pandemic. The surge marks the highest growth rate since 2014, according to an industrial report.
On Nov 10, China Express Airlines received its 1st ARJ21 regional jetliner in Chongqing. 7 carriers are flying ARJ21, China's 1st turbofan regional passenger jetliner. With a capacity of 78-90 seats and a range of 3700 km, they are serving on 86 routes that connect 64 cities.
China's new carrier rocket CERES-1, designed for commercial use, made its maiden flight on Nov 7, sending one satellite into planned orbit. The rocket blasted off from the Jiuquan Satellite Launch Center at 3:12 p.m. (Beijing Time).
Sri Lanka's Export Development Board has signed a MoU with Chinese e-commerce platform Womai. EDB and COFCO Womai Investment signed an agreement to exhibit Sri Lankan exports on Womai's website during Sri Lanka's participation at 3rd CIIE.
China's trade with ASEAN in Q1-Q3 reached $481.8 bln, accounting for one seventh of China's foreign trade, and bilateral trade grew 7.7% in Q3. "It grew much faster than that between China and other trading partners," Chinese Ambassador to ASEAN Deng Xijun said on Nov 2.
China will hold "World Internet Conference - Internet Development Forum" from Nov 23 to 24 in Wuzhen, Zhejiang, inviting scholars and guests from foreign government departments, international organizations, and companies. It will include 1 main forum and 5 sub-forums.
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