By Xinhuanet| 2021-11-29 19:30:55

A new generation of information infrastructure needs to be built to better integrate the digital and real economies, with the market taking the lead and the government playing a guiding role, experts have said.Digital transformation can help improve the quality and efficiency of the real economy, Justin Yifu Lin, dean of Institute of New Structural Economics at Peking University, said during an online seminar in the past week on the integration of the digital and real economies.In 2020, the scale of China's digital economy hit 39.2 trillion yuan (about 6.1 trillion U.S. dollars), accounting for 38.6 percent of the country's GDP, and its growth rate reached 9.7 percent.To facilitate the better integration of the digital and real economies, Lu Chuncong, head of the China Academy of Industrial Internet, called for the construction of a new generation of information infrastructure, including infrastructure related to 5G technology, the industrial internet and the Internet of Things.He noted that larger enterprises should take the lead in the digital transformation and the construction of innovation platforms.The country also needs to cultivate more systematic solutions providers for the digital transformation, and build a better market for data-related trading, Lu said. Enditem

By Xinhuanet| 2021-11-28 21:30:22

Cargo and container throughput at China's ports registered stable growth in the first ten months of the year, data from the Ministry of Transport showed.From January to October, cargo throughput at China's ports totaled 12.87 billion tonnes, up 7.8 percent year on year, according to the ministry.The country's container throughput at ports during the period climbed 8.4 percent from a year ago to 235.48 million twenty-foot equivalent units (TEUs), the ministry said.Last month, China's ports handled over 1.32 billion tonnes of cargo, while container throughput stood at 24.52 million TEUs, according to the ministry. Enditem

By Xinhuanet| 2021-11-27 21:17:04

Profits of China's major industrial firms maintained sound growth momentum in the first 10 months of the year as industrial production continued to recover and business operations continued improvements, official data showed Saturday.Industrial firms with annual business revenues of at least 20 million yuan (about 3.1 billion U.S. dollars) saw their combined profits soaring 42.2 percent year on year in the January-October period to top 7.16 trillion yuan, data from the National Bureau of Statistics (NBS) showed.The volume surged 43.2 percent compared with the 2019 level, putting the average January-October growth for 2020 and 2021 at 19.7 percent.In the first 10 months, 32 out of 41 industries saw a year-on-year expansion in their profits, while eight others logged declines.In October alone, major industrial companies raked in profits of 818.74 billion yuan, up 24.6 percent year on year, quickening from the 16.3-percent gain reported in September, NBS data showed. Enditem

By Xinhuanet| 2021-11-26 20:36:23

Shanghai customs said Wednesday the metropolis' exports of pure electric passenger vehicles increased by 1,140.7 percent between January and October this year.The customs said the city's imports and exports reached 356.91 billion yuan (55.85 billion U.S. dollars) in October, up 19.1 percent year on year, adding Shanghai has maintained the growth in foreign trade for 17 consecutive months.Between January and October, the city notched up a total imports and exports volume of 3.28 trillion yuan, up 15.8 percent year on year.In breakdown, Shanghai's imports and exports to the European Union and the Association of Southeast Asian Nations reached 654.2 billion yuan and 437.39 billion yuan, up 18.8 percent and 11.2 percent year on year, respectively.The city's imports and exports to countries along the Belt and Road totaled 732.94 billion yuan, up 16.1 percent year on year between January and October.During the period, Shanghai's exports of containers and container ships increased by 450.7 percent and 367.6 percent respectively. Enditem

By Xinhuanet| 2021-11-25 21:14:03

The State Council has approved the implementation of a plan for high-quality development of foreign trade during the 14th Five-Year Plan period (2021-2025), the Ministry of Commerce (MOC) said.The plan, to be implemented by the MOC and other departments, put forward the guiding concepts, basic principles, main objectives, key tasks and support measures for the high-quality development of foreign trade during the period.The plan highlighted innovation and development mode transformation in foreign trade, as well as low-carbon transformation, digital transformation, further opening-up and better risk control in foreign trade.The plan outlined 45 key tasks in 10 categories, involving the structure of goods trade, innovation in service trade, new modes of foreign trade, and better risk control system.China's foreign trade staged a stellar performance in the first three quarters, with total imports and exports expanding 22.7 percent year on year to 28.33 trillion yuan (about 4.43 trillion U.S. dollars), beating market expectations and playing a bigger part in driving growth. Enditem

By Xinhuanet| 2021-11-24 19:40:14

Imports and exports of north China's Shanxi Province totaled 187.6 billion yuan (about 29.4 billion U.S. dollars) between January and October this year, up 69.2 percent compared with the same period last year, Taiyuan customs said Tuesday.Exports of the province during the period reached nearly 115 billion yuan, up 78.2 percent, and imports totaled 72.7 billion yuan, up 56.8 percent.Private enterprises performed outstandingly, with the total imports and exports reaching nearly 64.6 billion yuan, up 175 percent, according to the customs.From January to October, the top three trading partners of Shanxi were the United States, Japan and ASEAN, with import and export values of 34.3 billion yuan, 22.5 billion yuan and 19.5 billion yuan respectively.The province's import and export to countries along the Belt and Road reached 39.7 billion yuan, up 49.3 percent year on year.Main export products during the period included medical materials and medicines, clothing and accessories, solar cells, coke and coal. Enditem

By Xinhuanet| 2021-11-23 21:43:33

Foreign trade in south China's Guangdong Province rose 18.2 percent year on year in the first 10 months, according to figures released by the provincial bureau of statistics.As China's major foreign trade hub, Guangdong's foreign trade volume hit 6.71 trillion yuan (about 1 trillion U.S. dollars) during the Jan-Oct period.Among them, exports grew 18.9 percent to 4.11 trillion yuan, while imports registered a 17-percent year-on-year increase to 2.6 trillion yuan.From January to October, general trade in Guangdong grew by 20.4 percent year on year, which was 5.6 percentage points higher than that of processing trade and accounted for 52.4 percent of the province's total, the bureau added. Enditem

By Xinhuanet| 2021-11-22 20:45:26

The foreign trade of southwest China's Chongqing Municipality totaled 643.52 billion yuan (about 100.84 billion U.S. dollars) from January to October, up 25 percent year on year, showed customs data.Chongqing's exports grew 25.8 percent to 411.62 billion yuan during the period, while its imports increased to 231.9 billion yuan, up 23.5 percent, year on year.ASEAN, the European Union, and the United States remained Chongqing's major trading partners, with their import and export values respectively reaching 101.67 billion yuan, 100.94 billion yuan, and 95.89 billion yuan.During the same period, the city's trade with countries along the Belt and Road reached 175.63 billion yuan, up 24.4 percent, year on year.In the first ten months, Chongqing's major export commodities included laptops, integrated circuits, and tablet computers.Chongqing's private and state-owned companies continued strong performances, with the import and export values of private businesses soaring to 278.85 billion yuan and those of state-owned businesses climbing to 57.25 billion yuan, respectively, increasing 49.2 percent and 40.9 percent, year on year. Enditem

By Xinhuanet| 2021-11-21 23:14:46

China's average daily crude steel output in October 2021 hit a record low since 2018 amid the country's bid to cut carbon emissions and gear up green transformation of the steel industry, according to the Ministry of Industry and Information Technology (MIIT).Last month, China's crude steel output dropped 23.3 percent year on year to 71.58 million tonnes, reporting an average daily output of around 2.31 million tonnes, 6.1 percent lower month on month, MIIT data showed.In the first 10 months of the year, the country produced 877 million tonnes of crude steel, down 0.7 percent over one year earlier.China's steel prices saw sharp fall recently affected by factors including the price decline of fuel. Data from the China Iron and Steel Association showed steel prices have fallen to the level of early March this year.In 2020, China's crude steel output rose 5.2 percent year on year to exceed 1.05 billion tonnes. As part of the green shift by its energy-consuming steel industry, the country has vowed to reduce the output in 2021 from a year earlier. Enditem

By Xinhuanet| 2021-11-19 20:47:40

The fourth World Manufacturing Convention kicked off Friday in Hefei, capital of east China's Anhui Province.The four-day event, themed "innovation-driven, digitally empowered: global manufacturing industry aligned for high-quality growth," aims to promote high-quality manufacturing and deepen exchanges between China and the rest of the world.The convention, covering an area of more than 43,000 square meters, features various industrial seminars, business matchmaking events, and exhibitions of new energy vehicles, intelligent manufacturing, imported products, among others.It attracted 800 guests including foreign diplomats, officials of relevant international organizations, and senior managers from Global Fortune 500 companies, according to the organizing committee.As the event's guest of honor, the Republic of Korea has set up a national pavilion at the convention and is scheduled to organize a number of cooperation and exchange activities.The convention offers a broad platform for deeper cooperation in global manufacturing and sustainable development, said Christian Wulff, global chairman of the Global Alliance of Small and Medium Enterprises.The convention focuses on cutting-edge trends, displays development achievements, and explores a new path of high-quality manufacturing, which is very suitable for the needs of the current situation, said Xin Guobin, vice minister of industry and information technology, adding that it will play a positive role in promoting high-quality development of manufacturing.A total of 1,752 projects with investments of 1.8 trillion yuan (around 282 billion U.S. dollars) were signed at the previous three conventions, of which more than 80 percent had kicked off construction by the end of October 2021. Enditem