Top Tweets for #ChinaInsight
#ChinaInsight Slow-Traffic Systems Sprouting across #China, Making Cities More Livable https://t.co/oCjRXRlfbu @globaltimesnews
Daqing Oilfield, China's largest onshore oilfield, has made a significant contribution to the country's modern petroleum industry since its discovery in 1959. #PRC75thAnniv #ChinaInsight https://t.co/imZ4vfMb5A
China has witnessed a steady improvement in its #airquality over the past decade under consistent efforts to combat air pollution. #PRC75thAnniv #ChinaInsight
From 2013 to 2023, the PM2.5 density, a key indicator of air pollution, has dropped by 54% and the number of days with heavy pollution has also been reduced by 83%, official data showed.
In 2023, the PM2.5 density averaged 30 μg per cubic meter and the country aims to further decrease this number with a target annual-mean PM2.5 concentration of less than 25 µg per cubic meter in all cities by 2035, according to the 2023 guidelines released to comprehensively promote the development of a "Beautiful China".
The Chinese central government invests more than 30 billion yuan (about 4.23 billion U.S. dollars) in air pollution prevention and control each year, with the cumulative investment in recent years exceeding 200 billion yuan.
China's South-to-North Water Diversion Project has transferred over 74 bln m3 of water via eastern and middle routes as of Aug since 2014, benefiting over 176 mln people and improving economic & social development for 40+ large and medium-sized cities. #PRC75thAnniv #ChinaInsight
China's just-concluded National Day holiday ignited a surge in consumer activity, fueled by a dynamic blend of travel demand and targeted incentives, highlighting the strong #economic vitality of the world's second largest economy. #EconomicGrowth #ChinaInsight #PRC75thAnniv #CharmofEast
China's just-concluded National Day holiday ignited a surge in consumer activity, fueled by a dynamic blend of travel demand and targeted incentives, highlighting the strong economic vitality of the world's second largest economy. #XinhuaHeadlines: https://t.co/2fE5cqoi6m
From shared bicycles to flying cars, China has offered a vast variety of transportation options for people on the road, making an impressive progress following its decades-long development in the transport sector. #ChinaInsight #PRC75thAnniv https://t.co/oRZtbyz9vi
From shared bicycles to flying cars, China has offered a vast variety of transportation options for people on the road, making impressive progress following its decades-long development in the transport sector. #ChinaInsight #PRC75thAnniv
As the world’s largest bicycle production and export country, China is home to over 200 million bicycles. With the country becoming more committed to going green, the old-schooled way of travel like cycling has taken the limelight once more, becoming increasingly popular with nearly one-third of urban commutes made by bike in 2023.
China has also remained as the world’s largest automobile producer and exporter for 14 consecutive years. As the automobile industry is turning to be eco-friendlier, the country has also begun to embrace new energy vehicles (NEVs) and thus becoming the largest market globally. In July, China’s domestic NEV retail sales outnumbered conventional internal combustion engine vehicles for the first time.
In terms of interregional travelers, China proudly presents the world’s largest high-speed railway network that connects 96% of cities with a population of over 500,000, while it also boasts the world’s fastest train speed of 350km/h for commercial operation.
As for a more relaxing way of travel, cruise ships in the country saw about 500,000 passengers in the first half of 2024. Over 20 cruise ships are now operating in Chinese ports, including the country’s first domestically built large cruise ship, Adora Magic City, which started commercial voyages at the beginning of this year.
In the field of aviation transport, China has now 4,335 transport aircraft and 262 transport airports, with a total airport capacity of 1.6 billion passengers. The country's civil aviation transportation has also ranked second in the world for 19 consecutive years in terms of scale and its contribution to global aviation growth has exceeded 20 percent, according to the Civil Aviation Administration of China.
Moving beyond ground transportation, China is now actively promoting low-altitude flights, with a growing number of flying taxis seen buzzing above Chinese cities, as the country defined the low-altitude economy as a strategic emerging industry during its annual central economic work conference held in 2023.
China’s booming e-commerce has played a key role in the country’s #RuralRevitalization efforts, bringing farmers closer to the market and rejuvenating the rural regions of the country. #PRC75thAnniv #ChinaInsight https://t.co/QcQ9rTxrCi
China’s booming e-commerce has played a key role in the country’s #RuralRevitalization efforts, bringing farmers closer to the market and rejuvenating the rural regions of the country. #PRC75thAnniv #ChinaInsight
Remarkably, the country’s online retail sales in rural areas surged from 180 billion yuan (about $25.63 billion) in 2014 to 2.5 trillion yuan in 2023. China has helped 1,489 counties build nearly 3,000 county-level e-commerce public service centers and logistics distribution centers, and more than 158,000 village-level e-commerce service stations in recent years, further supporting the e-commerce sector in rural areas.
China's digital economy has expanded rapidly in recent years, with its scale growing from 11.2 trillion yuan in 2012 to 53.9 trillion yuan in 2023, expanding 3.8 times in the 11-year period. #PRC75thAnniv #ChinaInsight https://t.co/ZzDPvByEde
China has witnessed tremendous progress in its consumer economy as the country emerged to be the second-largest consumer market and the largest online retail market globally, leading the world in novel shopping methods. #ChinaInsight #PRC75thAnniv https://t.co/0iIPELnEYQ
As one of China's most open and economically vibrant regions, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has played a significant strategic role in the country’s high-quality economic development over the past 5 years. #ChinaInsight #PRC75thAnniv https://t.co/BzKtrvAkyo
As one of China's most open and economically vibrant regions, the Guangdong-Hong Kong-Macao Greater Bay Area (#GBA) has played a significant strategic role in the country’s high-quality economic development over the past five years. #ChinaInsight #PRC75thAnniv
In 2019, China unveiled the ambitious development plan for GBA that consists of the Hong Kong Special Administrative Region, the Macao Special Administrative Region, as well as nine cities in Guangdong Province -- Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing.
The region’s total economic output exceeded 14 trillion yuan (about 2 trillion U.S. dollars) in 2023, achieving one-ninth of China's total with even just less than 0.6 percent of the national territorial area. This marks a significant increase from 10.8 trillion yuan in 2018, reflecting a robust growth of 3.2 trillion yuan.
The GBA’s development came amid an enhanced transportation network that fosters economic connectivity and cultural exchange. The region now boasts over 4,500 kilometers of operational expressways and houses several infrastructure mega projects, including the world’s longest bridge-and-tunnel sea crossing—the 55-kilometer Hong Kong-Zhuhai-Macao Bridge which opened in October 2018—and the 24-kilometer Shenzhen-Zhongshan Link which opened on June 30.
China’s commercial space sector is experiencing rapid growth and making its mark on the global stage as the country forges ahead with its high-quality development. #ChinaInsight #PRC75thAnniv
On July 12, 2023, China successfully launched Zhuque-2 developed by a private company, the world’s first rocket powered by liquid oxygen-methane fuel, from the Jiuquan Satellite Launch Center in northwest China, marking a breakthrough in the new low-cost, liquid propellant application for carrier rockets in the country.
Six months later, the world’s largest solid-propellant launch vehicle Gravity-1 made its debut flight from waters off the coast of Haiyang, east China's Shandong Province, on January 11, 2024, showing significant progress in the country’s push to independently innovate commercial launch vehicles. The rocket boasts a take-off weight of about 400 tonnes and a take-off thrust of 600 tonnes, allowing it to lift around 6.5 tonnes of payload to the low Earth orbit, and 4.2 tonnes to the sun-synchronous orbit at an altitude of 500 km.
China also achieved a feat of developing reusable rockets with the launch of its independently developed Zhuque-3, which successfully completed a 10-kilometer vertical takeoff and landing flight test at the Jiuquan Satellite Launch Center on September 11, 2024. It marked a crucial step towards realizing high-capacity, low-cost, high-frequency and reusable space launches in the future.
The growth of China’s commercial space industry has accelerated over the past few years, with the scale of the market expected to exceed 2.3 trillion yuan (about $326.8 billion) by the end of 2024, up from 1.9 trillion yuan in 2023.
China's medical insurance system has seen stable operation over the past years, with consistent expansion of drug coverage benefiting patients nationwide. #PRC75thAnniv #ChinaInsight https://t.co/VMelkMPrRG
China has celebrated a prosperous growth of the financial sector over the past decades, which has created a healthy and supportive environment for high-quality economic and social development. #PRC75thAnniv #ChinaInsight https://t.co/LxCfCkXGmP
The total types of consumer goods registered in China using product barcodes exceeded 200 million as of end-June 2024, among the highest in the world. In H1 of this year, the country registered 9.664 million types of new consumer goods, up 14.8% YoY. #PRC75thAnniv #ChinaInsight
China has celebrated a prosperous growth of the financial sector over the past decades, which has created a healthy and supportive environment for high-quality economic and social development. #PRC75thAnniv #ChinaInsight
By the end of August 2024, China’s outstanding RMB and foreign currency loans issued by financial institutions totaled 256.24 trillion yuan, a skyrocketing increase from 11.2 trillion yuan by the end of 2001.
China is continuing to make concrete efforts to deepen the financial sector's role in serving the real economy as well as ramping up support for SMEs to spur economic vitality.
There has been a notable increase in the cap for inclusive micro and small loans from 10 million yuan to 20 million yuan per borrower, and refinancing initiatives for agricultural and small businesses have seen interest rate reductions, further alleviating financial burdens on these crucial economic entities.
Specifically, the average annual growth rate of loans to technology enterprises reached 20% in the past five years, nearly double the average enterprise loan growth rate, while the average annual growth rate of loans to technology-based SMEs hit 25%.
China has witnessed a steady improvement in its #airquality over the past decade under consistent efforts to combat air pollution. #PRC75thAnniv #ChinaInsight
From 2013 to 2023, the PM2.5 density, a key indicator of air pollution, has dropped by 54% and the number of days with heavy pollution has also been reduced by 83%, official data showed.
In 2023, the PM2.5 density averaged 30 μg per cubic meter and the country aims to further decrease this number with a target annual-mean PM2.5 concentration of less than 25 µg per cubic meter in all cities by 2035, according to the 2023 guidelines released to comprehensively promote the development of a "Beautiful China".
The Chinese central government invests more than 30 billion yuan (about 4.23 billion U.S. dollars) in air pollution prevention and control each year, with the cumulative investment in recent years exceeding 200 billion yuan.
The number of #unicorn companies in China nearly tripled from 131 to 375 between 2016 and 2023, with their total market value soaring from nearly $500 bln to over $1.2 tln during the same period: recent industry report. #PRC75thAnniv #ChinaInsight https://t.co/2NMZDvj0W6
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