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CITIC Dicastal Morocco recognized as Africa’s first Lighthouse factory

The World Economic Forum unveiled its latest list of “Global Lighthouse Network” recently, with CITIC Dicastal Morocco making the cut. It’s also the first Lighthouse factory in Africa. This recognition is an important breakthrough for CITIC Dicastal in promoting global intelligent manufacturing and digital transformation, and it brings new opportunities for industrial development in Africa.…

Trade, consumption fuel Shanghai’s economic boom

Shanghai officials brief the media on the city’s economic development, Jan 16, 2025. [Photo by Luo Bin/chinadaily.com.cn] Shanghai announced stable economic growth in 2024, driven by growing international trade and a revitalized consumer market, according to a news conference held by the Shanghai Municipal Government on Jan 16. The city’s total trade volume surpassed 11…

Cutting-edge thermal control clothes debut in ‘Ice City’

A company formed by student innovators from the Harbin Institute of Technology (HIT) unveiled its intelligent thermal control clothing products for the winter season at an event held in China’s “Ice City” Harbin, capital of Heilongjiang province. The event, themed “Empowering Cultural Tourism, Assisting the Asian Winter Games”, showcased 11 intelligent thermal control clothing and…

SOEs set to reshape economic growth

Robots seen on the assembly line of automaker FAW Group in Changchun, Jilin province. [Photo/Xinhua] China’s centrally administered State-owned enterprises will actively foster emerging industries and accelerate the modernization of traditional ones to drive economic growth in 2025, the country’s top State-owned assets regulator said on Friday. Addressing a news conference in Beijing, Yuan Ye,…

GDP growth of 5% hits target

CHINA DAILY China’s gross domestic product expanded 5 percent in 2024, official data showed on Friday, which is in line with the country’s preset target of around 5 percent and provides a solid base for stabilizing the economy this year. Economists said China’s economy will likely continue to grow at around 5 percent this year…

European Statistical Monitor: January edition

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WIC cross-border e-commerce working group meets in Beijing

[Photo/wicinternet.org] World Internet Conference (WIC) Working Group on Cross-Border E-Commerce convened a seminar in Beijing on Thursday, exchanging ideas on further advancing its research and work. Members of the working group and representatives from research institutes specializing in cross-border e-commerce participated in the meeting. The meeting reviewed the progress made by the working group in…

China achieves main economic targets

Editor’s note: China achieved solid gains in high-quality development after a package of incremental policies were issued, which boosted social confidence and led to a remarkable economic recovery, thereby enabling the accomplishment of the main targets of socio-economic development. Thanks to Chinadaily.com.cn Please visit: Our Sponsor

Chinese currency gaining traction in global markets

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] Offshore renminbi bond issuances more than doubled last year while panda bond issuances surged, highlighting the steady progress made by the Chinese currency in gaining traction in global markets, official data showed on Tuesday. The People’s…

New energy vehicles in use in China exceed 30m: ministry

BEIJING — The number of new energy vehicles (NEVs) in use in China has continued to increase at a faster pace, reaching 31.4 million by the end of 2024, the Ministry of Public Security announced on Friday. The figure marks a 260-fold surge over the past decade, which is attributed to the country’s technological progress…