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China promotes high-quality VC development to support sci-tech innovation
China's recently released measures on advancing the high-quality development of venture capital (VC) investment will focus on expanding capital sources, improving exit mechanisms and optimizing the market environment to better serve the country's scientific and technological innovation, the country's top economic planner said Wednesday.
June 27, 2024 -
China's regional high-quality development: A snapshot
From March 9 to June 14, the State Council Information Office hosted a series of press conferences attended by senior officials of China's 31 provincial-level regions, who briefed journalists on regional efforts of promoting high-quality development.
June 27, 2024 -
China's waterway freight sets record, highlighting infrastructure growth
China's water transportation sector achieved a historic milestone in 2023, handling over 9 billion metric tons of cargo, according to Vice Transport Minister Fu Xuyin.
June 27, 2024 -
China's waterway freight volume up in first 5 months
China recorded a steady growth in waterway freight volume in first five months of 2024, the Ministry of Transport said Wednesday.
June 26, 2024 -
China's energy consumption structure continues to improve
The structure of energy consumption in China has been continuously optimized, with green, low-carbon energy development reaching new heights, said Zhang Jianhua, administrator of the National Energy Administration, at a press briefing Thursday. From 2013 to 2023, the share of coal in total energy consumption decreased from 67.4% to 55.3%.
June 24, 2024 -
Nation to crack down on market barriers
China will take more "powerful" actions to crack down on local protectionism and hidden market thresholds to create a fair market for all businesses, as a fair competition review system will come into force in August, said the country's top market regulator on Friday.
June 24, 2024 -
China eyes new rules on fair competition reviews to ensure level playing field
China will bring regulations for fair competition reviews into force from August 1 to help ensure a level playing field for all market players and build a unified domestic market free from regional protectionist practices, according to the country's top market watchdog.
June 21, 2024 -
NEA head rips apart claims new energy industry has 'overcapacity'
China's new energy industry does not have an "overcapacity" issue, said Zhang Jianhua, head of the National Energy Administration on Thursday.
June 21, 2024 -
China strengthens water conservation
China has implemented a national water-saving initiative, enhancing related policies and measures against waste of water resources, said Chen Min, vice minister of water resources, at a press briefing Tuesday. Over the last decade, despite the GDP nearly doubling, the country's annual water consumption has maintained zero growth.
June 19, 2024 -
China intensifies flood control, disaster relief steps
China has intensified its flood control and disaster relief measures across all levels to address the challenges posed by the recent heavy rainfall.
June 19, 2024 -
Ministry: China makes notable progress in water resources conservation, intensive use
China has witnessed remarkable progress in water management over the past decade, recording great achievements in water resources conservation and intensive use, and improvements in flood and drought prevention, the Ministry of Water Resources said Tuesday.
June 19, 2024 -
China advances its law-based cyberspace governance
This year marks the 30th anniversary of China achieving full functional access to the internet. Since 1994, the country has made significant progress in promoting law-based governance in cyberspace.
June 19, 2024 -
China ramps up fight against online lies and misconduct
China's internet regulator, the Cyberspace Administration, is intensifying its efforts to combat harmful and fake content online. Li Changxi, a CAC official, announced at a press conference on Tuesday that billions of pieces of such information have been purged in recent years.
June 19, 2024 -
China sees great momentum in industrial transformation and upgrading in May
China saw great momentum in industrial transformation and upgrading in May, said Liu Aihua, spokesperson of the National Bureau of Statistics, at a press conference Monday. Notably, the value added of high-tech manufacturing enterprises above the designated size increased by 10% year on year.
June 18, 2024 -
Guizhou achieves rapid development in big data industry
As China's first big data comprehensive pilot zone, Guizhou has achieved rapid development in the big data industry over the past decade since the implementation of the national big data strategy, said Luo Qiang, vice governor of Guizhou province, at a press conference Friday.
June 18, 2024 -
Chinese economy extends upward trend amid policies to prop up growth
The Chinese economy extended an upward recovery trend in May, as shown by faster consumption growth and steady expansion in industrial production, latest government data showed.
June 18, 2024 -
China's retail sales of consumer goods up 3.7% in May
The retail sales of consumer goods in China expanded 3.7% year on year to over 3.92 trillion yuan (US$540 billion) in May, said Liu Aihua, spokesperson of the National Bureau of Statistics, at a press briefing Monday.
June 17, 2024 -
China's quantity and quality of innovative drugs join global lead
China has approved 82 innovative drugs and 138 innovative medical devices since 2022, a health official said on Friday.
June 17, 2024 -
China reports falling home prices in May
Major Chinese cities saw falling home prices in May, official data showed on Monday.
June 17, 2024 -
China's natural gas output maintains steady growth
China's production of natural gas has maintained steady expansion in the first five months of 2024, data from the National Bureau of Statistics (NBS) showed Monday.
June 17, 2024