Beijing to become global sci-tech innovation center by 2025

Beijing is set to become an international sci-tech innovation center by 2025, and a top global hub for sci-tech innovation, competitiveness and influence by 2035, vice mayor Jin Wei said at an SCIO briefing on Wednesday.

January 20, 2021

Official: Beijing to become model for new infrastructure construction

The Ministry of Industry and Information Technology plans to speed up the construction of 5G, industrial internet, and internet of vehicles in Beijing and help build the Chinese capital into a model for new infrastructure construction.

January 20, 2021

Beijing looks to become world-class science hub

China is aiming to transform Beijing into an international science and innovation center by 2025, with hopes that the capital will become a world-leading hub for scientific research by 2035, officials said on Wednesday.

January 20, 2021

China to build Beijing into global innovation hub

China is striving to build its capital Beijing into a global sci-tech innovation hub by 2025, said senior officials at a press conference on Wednesday.

January 20, 2021

SOE reforms, revamp receive fresh impetus

China plans to complete more than 70 percent of the tasks of its three-year (2020-22) action plan by the end of this year, further pushing forward the mixed-ownership reform and reorganization process in its State-owned enterprises, a senior government official said on Tuesday.

January 20, 2021

China's central SOEs report rising profits in 2020 amid reforms

Despite disruptions due to the COVID-19 epidemic, China's centrally-administered state-owned enterprises (SOEs) reported profit growth in 2020 amid reforms to make their operations more efficient.

January 20, 2021

China continues to cut debt-to-asset ratio of central SOEs

China has cut the average debt-to-asset ratio of its centrally-administered state-owned enterprises (SOEs) by 2 percentage points in three years, meeting its goal over the period, the state asset regulator said Tuesday.

January 19, 2021

Official: No major B&R projects suspended amid COVID-19

No major Belt and Road projects were suspended due to the COVID-19 pandemic, a spokesperson of the State-owned Assets Supervision and Administration Commission of the State Council said at a press conference Tuesday.

January 19, 2021

Profits of China's central SOEs grow 2.1% in 2020

The net profits of China's centrally-administered state-owned enterprises (SOEs) in 2020 increased 2.1% year on year to 1.4 trillion yuan (US$215.77 billion), according to an SCIO briefing Tuesday.

January 19, 2021

Net profits of central SOEs grew in 2020

The net profit of China's centrally-administered State-owned enterprises grew by 2.1 percent year-on-year to 1.4 trillion yuan ($215.74 billion) in 2020, according to the country's State assets regulator.

January 19, 2021

Debt-asset ratio of China's central SOEs falls in 2020

​The debt-to-asset ratio of China's centrally-administered state-owned enterprises (SOEs) continued to head downward in 2020, achieving the country's deleveraging target for SOEs, official data showed Tuesday.

January 19, 2021

China's central SOEs see profits rise 2.1% in 2020

China's centrally-administered state-owned enterprises (SOEs) saw their combined net profits reach 1.4 trillion yuan (215.77 billion U.S. dollars) last year, up 2.1 percent year on year, official data showed Tuesday.

January 19, 2021

Domestic consumption spurs economic recovery

Domestic consumption continued to gather speed as the country's steady recovery from the novel coronavirus epidemic lent further support to economic growth, officials and experts said on Monday.

January 19, 2021

Manufacturing, high-tech investments to play key role

​Investment will continue to play a key role in energizing the Chinese economy this year, with input into manufacturing and high-tech industries playing the lead role, experts said.

January 19, 2021

Industrial output likely to see uptick in 2021

China's industrial output grew by 2.8 percent on a yearly basis in 2020, on the back of a strong performance in the high-tech and equipment manufacturing sectors, the National Bureau of Statistics said on Monday.

January 19, 2021

Solid end to 2020, China's economy set for stronger rebound despite virus uncertainties

Beating expectations with a 6.5-percent growth in Q4, China's GDP expanded 2.3 percent year on year in 2020, exceeding the 100-trillion-yuan (15.42 trillion U.S. dollars) threshold for the first time.

January 19, 2021

Videographic: China's economy in 2020

China's economy grew 2.3% year on year in 2020, with its GDP exceeding the 100-trillion-yuan threshold. Foreign trade reached 32.16 trillion yuan last year, up 1.9% year on year. For more, please check out this videographic.

January 18, 2021

China adds 11.86 million urban jobs in 2020, far above target

A total of 11.86 million new jobs were created in China's urban areas in 2020, surpassing its annual goal by 31.8%, according to an SCIO press briefing Monday.

January 18, 2021

China's GDP grows tenfold in 20 years

China's GDP topped 100 trillion yuan in 2020, growing tenfold in 20 years. China is among the upper-middle-income countries, with a per capita GDP exceeding US$10,000 for the second straight year, accoridng to an SCIO briefing Monday.

January 18, 2021

Officials say China very close to achieving credit growth target for 2020

Facing unprecedented challenges brought about by COVID-19, China has been working to stabilize its economy and boost its recovery through a series of measures and reforms. That includes increasing loans to different sectors including small and micro businesses.

January 18, 2021