During the 14th Five-Year Period (2021-25), China’s vehicle industry has navigated pivotal challenges and pursued industrial upgrading. In the face of the profound transformation towards electrification, intelligence and connectivity in the global automotive sector, CHINA FAW GROUP CO., LTD., (FAW) committed to innovation-driven development and environmentally friendly transformation, thus opening a new chapter for the high-quality development.
The 14th Five-Year Plan period (2021-25) was a crucial period for China's automobile industry to grow from large-scale to powerful. Throughout this period, China Automotive Technology and Research Center Co., Ltd. (CATARC) always kept in mind its founding mission to lead the progress of the automotive industry and support to build the national strength through enhancing the automotive industry.
In the new era, China Southern Air Holding Company Ltd. (CSAH) has embraced dual strategies: upgrading its core business and implementing forward-looking industrial layouts. This strategy enables the company to effectively seize opportunities and address challenges brought by the global industrial and supply chain transformations in the air transport system.
Since the launch of the 14th Five-Year Plan (2021-25), China Merchants Group (CMG) has adhered to the principle of making progress while maintaining stability as well as upholding fundamental principles while fostering innovation. It is estimated that by the end of 2025, the total assets of CMG will reach approximately 15.6 trillion yuan ($2.23 trillion).
During the 14th Five-Year Plan (2021-25), China Eastern Airlines Co., Ltd. (CEA) has been a key player in China's civil aviation industry. The domestically produced large jetliner, the C919, has entered large-scale operations after its commercial maiden flight. CEA has led in resuming international routes, becoming the domestic airline with the most international destinations and the highest international freight turnover. Daily passenger traffic has reached over 500,000, setting a new record. Significant innovative achievements have been made in its digital transformation and "AI+" initiatives, marking new strides towards high-quality development.
During the 14th Five-Year Plan period (2021-25), China Green Development Investment Group Co., Ltd., (CGDG) has taken "promoting green development and building a beautiful China" as its mission and has achieved leapfrog development through continuous efforts in "going green, pursuing innovation and striving for beauty."
Since the start of the 14th Five-Year Plan period (2021-25), China International Engineering Consulting Corporation (CIECC) has completed over 50,000 consulting projects covering various sectors and fields of the national economy. It has helped optimize the industrial structure and improve investment efficiency and compiled hundreds of policy recommendation reports to provide advice for the high-quality economic and social development. Over the past five years, CIECC achieved average annual revenue growth of about 13.4 percent, and won seven FIDIC Project Awards.
Since the 14th Five-Year Plan period (2021-25), China Coal Technology & Engineering Group (CCTEG) has boosted its core competitiveness, accelerated the development of strategic emerging industries, and driven industrial transformation and upgrading through technological innovation. Up to now, the revenue of strategic emerging industries has reached 55 percent of the total, marking an increase of 17.7 percentage points from 2020 and sustaining an average annual growth of over 3 percentage points in the past two years.
