Big-ticket investments in new equipment by China's centrally administered State-owned enterprises will create fresh growth points for both domestic private firms and foreign companies alike, said experts and business leaders, stressing that all participants share entwined interests and great economic cooperation potential.
The country's first inter-provincial adjustable resource sharing and transaction project with a capacity of about 30,000 kilowatts of electricity was officially launched between business entities in Shanghai and Anhui province on Monday, according to official sources.
China Eastern Airlines has seen an increase in bookings on its popular China-France route recently because of the Olympic Games Pairs 2024.
China Energy Investment Corp — the world's largest power producer and the top wind power developer in terms of installed capacity — continued to accelerate its green energy transition during the first half this year while ensuring domestic energy security, helping to diversify the nation's energy mix and reducing dependence on fossil fuels.
The world's first ultra-high voltage flexible direct current (UHVDC) transmission project has commenced construction on Monday, said its operator State Grid Corporation of China, the country's largest power utility firm.
China's first large-scale cruise ship, the Adora Magic City, has completed 46 voyages since its launch on January 1, 2024, with passenger numbers exceeding 190,000 and a satisfaction rate of over 95 percent.
State-owned enterprises supervised and administered by local governments in China reported a 10.4 percent rise in R&D spending that amounted to 249.57 billion yuan ($35 billion) in the first half of 2024, according to the State-owned Assets Supervision and Administration Commission of the State Council.
China's centrally-administered State-owned enterprises will invest over 3 trillion yuan ($413.94 billion) for large-scale equipment upgrades over the next five years, aiming to stay at the forefront of the latest technological and industrial advancements, said government officials on Friday.
