Month: December 2024

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Editor’s Note: CGTN launches a new series called BizFocus, where anchors and reporters explore the most vibrant business sectors and events in China. Through in-depth interviews with industry experts and on-the-ground coverage, we bring you the latest developments and trends in various business sectors. In 2024, China has retained the top spot as the world’s largest industrial robot market for the 11th year, accounting for over half of the global new robot deployment, according to the World Robotics Association. As demand continues to grow, China is at the forefront of…

<img src='https://news.cgtn.com/news/2024-12-29/China-in-2024-Development-remains-top-priority-1zIPSWVSr0Q/img/e1125abf754143679ad82c1b68e73555/e1125abf754143679ad82c1b68e73555.jpeg' alt='' Editor’s note: CGTN presents “China in 2024,” a special series that takes an in-depth look at the country’s progress in improving livelihoods, high-quality development, deepening reform and further opening up, sci-tech innovation, cultural development and ecological conservation, as well as its diplomatic achievements. At major economic meetings and on regional inspections in 2024, Chinese President Xi Jinping has repeatedly stressed the importance of development. At the Central Economic Work Conference – a key annual meeting presided over by Xi – in December, it was stated that China…

China Media Group (CMG) on Sunday unveiled its picks for the top 10 international news stories of 2024. 1. China’s head-of-state diplomacy has led the trend of the times for peace, development and win-win cooperation, promoting building a community with a shared future for mankind. <img src='https://news.cgtn.com/news/2024-12-29/China-Media-Group-picks-the-world-s-top-10-news-stories-of-2024-1zJboegXvR6/img/8ef8cde870ea47fb8747ee628686e210/8ef8cde870ea47fb8747ee628686e210.jpeg' alt='A view of the Tiananmen Rostrum in Beijing, capital of China. /CFP' 2. The spillover of the Israel-Palestine conflict intensifies regional crisis. Syria’s shocking power shift. <img src='https://news.cgtn.com/news/2024-12-29/China-Media-Group-picks-the-world-s-top-10-news-stories-of-2024-1zJboegXvR6/img/c7ba5724a14c4459b726f023ddc4de08/c7ba5724a14c4459b726f023ddc4de08.jpeg' alt='A targeted building and the damaged structures around it after the Israeli army attack in the…

<img src='https://news.cgtn.com/news/2024-12-28/China-to-adjust-import-tariff-rates-items-on-some-goods-from-Jan-1-1zHt9GZb8Oc/img/754be4b526fb491c91ae724668deb4e9/754be4b526fb491c91ae724668deb4e9.png' alt='A view of the vehicles for export to the Middle Eastern countries at Lianyungang Port in Lianyungang City, east China's Jiangsu Province, December 13, 2024. /CFP' China will adjust the import tariff rates and items on certain goods starting from January 1, 2025, in an effort to expand domestic demand and advance high-standard opening up, authorities announced Saturday. Provisional import tariffs, lower than the most-favored-nation rates, will be applied to 935 commodities next year as part of the annual tariff adjustment plan. This plan “will help increase the…

<img src='https://news.cgtn.com/news/2024-12-28/New-department-set-up-to-boost-low-altitude-economy-in-China-1zHuQdKpp9S/img/74835c2d4ea9471e9339f52644035d54/74835c2d4ea9471e9339f52644035d54.png'A drone transports tea from a plantation in Ganzhou City, east China’s Jiangxi Province. /CMG <img src='https://news.cgtn.com/news/2024-12-28/New-department-set-up-to-boost-low-altitude-economy-in-China-1zHuQdKpp9S/img/74835c2d4ea9471e9339f52644035d54/74835c2d4ea9471e9339f52644035d54.png'A drone transports tea from a plantation in Ganzhou City, east China’s Jiangxi Province. /CMG <img src='https://news.cgtn.com/news/2024-12-28/New-department-set-up-to-boost-low-altitude-economy-in-China-1zHuQdKpp9S/img/74835c2d4ea9471e9339f52644035d54/74835c2d4ea9471e9339f52644035d54.png'A drone transports tea from a plantation in Ganzhou City, east China’s Jiangxi Province. /CMG <img src='https://news.cgtn.com/news/2024-12-28/New-department-set-up-to-boost-low-altitude-economy-in-China-1zHuQdKpp9S/img/74835c2d4ea9471e9339f52644035d54/74835c2d4ea9471e9339f52644035d54.png'A drone transports tea from a plantation in Ganzhou City, east China’s Jiangxi Province. /CMG <img src='https://news.cgtn.com/news/2024-12-28/New-department-set-up-to-boost-low-altitude-economy-in-China-1zHuQdKpp9S/img/74835c2d4ea9471e9339f52644035d54/74835c2d4ea9471e9339f52644035d54.png'A drone transports tea from a plantation in Ganzhou City, east China’s Jiangxi Province. /CMG <img src='https://news.cgtn.com/news/2024-12-28/New-department-set-up-to-boost-low-altitude-economy-in-China-1zHuQdKpp9S/img/74835c2d4ea9471e9339f52644035d54/74835c2d4ea9471e9339f52644035d54.png'A drone transports tea from a plantation in Ganzhou…

China’s major industrial enterprises saw a smaller decline in profits in November, with the total profits falling by 7.3 percent year on year to 799.4 billion ($109.5 billion) from October’s 10 percent, CGTN calculations based on data released by the National Bureau of Statistics (NBS) showed on Friday. Notable growth areas include the nonferrous metal smelting and rolling processing industry, which posted a 20.2 percent increase in profits, while the electricity, heat production and supply industries saw a 13.5 percent rise.  The textile industry reported a profit growth of 4.6 percent…

The China Media Group (CMG) on Friday presented the top 10 business news stories from China and around the world in 2024. Here is a roundup: Top 10 China business news stories 1. Resolution on deepening reform adopted The 20th Central Committee of the Communist Party of China adopted a resolution on further deepening comprehensive reform to advance Chinese modernization at its third plenary session. The resolution set the goal of basically achieving socialist modernization by 2035, mapping out major reform measures for the next five years. <img src='https://news.cgtn.com/news/2024-12-27/CMG-Top-10-China-global-business-news-stories-in-2024-1zFNWIDXYJi/img/af897a323ac04e84bed2d3bffe1b5bd4/af897a323ac04e84bed2d3bffe1b5bd4.jpeg' alt='A view…

In 2024, China made further efforts to stimulate the country’s economy, including the implementation of multiple rounds of reserve requirement ratio cuts and policy interest rate reductions, the introduction of incremental policies and the optimization of the visa-free transit policy. Check out this infographic for more!  <img src='https://news.cgtn.com/news/2024-12-26/Major-economic-and-financial-events-in-China-2024-1zDQOJpa7Fm/img/4297b7fd22c242f5b804623910e4688f/4297b7fd22c242f5b804623910e4688f.jpeg' alt=''

<img src='https://news.cgtn.com/news/2024-12-26/China-further-reforms-its-health-insurance-program-1zEpQUE644E/img/5a434e56b3a14d648571f731e0bed416/5a434e56b3a14d648571f731e0bed416.png' alt='A pharmacy that accepts medical insurance in Shenzhen, south China's Guangdong Province, November 29, 2020. /CFP' China has further reformed its health insurance program to allow more individuals to use their relatives’ account balances to cover medical expenses. Under a program that has been extended to all provincial regions in China as of December 9, eligible holders of employee health insurance can link their personal accounts to the health insurance of close relatives through online channels, enabling shared access to funds, the National Healthcare Security Administration (NHSA) announced…

<img src='https://news.cgtn.com/news/2024-12-25/China-vows-continued-efforts-to-stabilize-housing-market-in-2025-1zCwUJhBeuY/img/3e4561256ff44cd7801623a8b338c3c9/3e4561256ff44cd7801623a8b338c3c9.png' alt='A commercial residential housing project in Qingzhou City, east China's Shandong Province, December 16, 2024. /CFP' China’s Ministry of Housing and Urban-Rural Development has pledged to continue efforts to stabilize the real estate market and reverse its downturn in 2025. China will focus on unlocking housing demand by fully implementing a mix of policies to support people’s needs for buying their first homes or improving their housing conditions, said a ministry official during a two-day national housing and urban-rural development work conference that ended Wednesday. China’s property market…

<img src='https://news.cgtn.com/news/2024-12-25/China-extends-anti-dumping-probe-into-EU-brandy-1zCPXLFXccg/img/d8ade1d0126c4641aeea468a110297b8/d8ade1d0126c4641aeea468a110297b8.png' alt='A file photo of the Chinese Ministry of Commerce in Beijing, China. /CFP' China’s Ministry of Commerce announced on Wednesday that it would extend the duration of an anti-dumping investigation into brandy originating from the European Union (EU). According to the announcement, the ministry has decided to extend the investigation until April 5, 2025, given the complexity of the case and in accordance with relevant regulations. The ministry initiated the investigation on January 5 this year following a request from the China Alcoholic Drinks Association on behalf of…

Editor’s Note: CGTN launches a new series called BizFocus, where anchors and reporters explore the most vibrant business sectors and events in China. Through in-depth interviews with industry experts and on-the-ground coverage, we bring you the latest developments and trends in various business sectors. The “new Chinese style,” which blends traditional Chinese elements with modern aesthetics, is currently a major trend sweeping across China. In this episode of BizFocus, CGTN’s Olivia He takes viewers on a tour of Shanghai, the fashion capital of China, to explore the unique characteristics of…

Agriculture serves as the foundation of a nation, and China has made remarkable advancements in its agricultural sector. Throughout the country, various regions are progressively broadening their modernization efforts, collaboratively enhancing technological and institutional innovations while accelerating the development of a strong agricultural nation. 

China has about 4,500 civilian aircraft and its service market contributes to 15 percent of the global demand. The Chinese market will become the largest in the world, with its market value growing from $23 billion in 2024 to about $61 billion by 2043, nearly tripling in value, and thus driving the growth of the global service market, said Hu Yongdong, vice president of strategy, development & operations customer service at Airbus China, in an interview with CGTN.

<img src='https://news.cgtn.com/news/2024-12-23/Trump-says-he-may-keep-TikTok-around-for-a-little-while–1zzexMWlRpC/img/eafcc392786f4169908a31c69a637097/eafcc392786f4169908a31c69a637097.jpeg' alt='TikTok logo. /CFP' U.S. President-elect Donald Trump on Sunday suggested that he may allow TikTok to continue operations in the United States. At an event hosted by the conservative organization Turning Point USA in Phoenix, Arizona, Trump said that the popular video-sharing app may have helped reach some key voters in the presidential election, and expressed the possibility of keeping TikTok around “for a little while.” “I think we’re going to have to start thinking because, you know, we did go on TikTok, and we had a great…

The first regular international flight between Sanya, China, and Tashkent, the capital of Uzbekistan, landed in Sanya on Thursday, marking a significant progress in the Chinese city’s efforts to tap into new tourism sources and further expand its international market. Since the start of this year, Sanya International Airport, located in south China’s Hainan Province, has operated 28 overseas routes, connecting 21 overseas cities, and welcoming about 650,000 international overnight arrivals.

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Chinese lawmakers are deliberating a draft of the country’s first basic law specifically focused on the development of the private sector. The law will be conducive to creating a law-based environment that is favorable to the growth of all economic sectors, including the private sector, said He Rong, minister of justice, while explaining the draft on Saturday during the ongoing session of the Standing Committee of the National People’s Congress, the national legislature. The draft private sector promotion law covers areas such as fair competition, investment and financing environments, scientific…

As the Macao Special Administrative Region (SAR) celebrates the 25th anniversary of its return to China, it is exploring new avenues for economic diversification and international collaboration. In an interview with CGTN, Jose Maria Pereira Coutinho, a member of Macao Legislative Assembly, highlighted SAR’s role as a vital link between China and Portuguese-speaking countries that facilitates access for Chinese businesses to these markets and the European Union.

The Chinese currency Renminbi (RMB), or the yuan, moved up one position to come in as the fourth most active currency for global payments by value in November, with a share of 3.89 percent, according to a report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) released Wednesday. Overall, the RMB payments value increased by 22.12 percent compared to October, according to the report. The Chinese yuan had maintained its position as the world’s fourth most active currency for ten straight months by August this year. While the Japanese yen briefly regained the fourth spot…

Richard Weixing Hu, distinguished professor and dean of the Faculty of Social Sciences at the University of Macao, along with Lu Gang, co-founder of Beyond Expo, spoke with CGTN about Macao’s significant achievements under the “One Country, Two Systems” framework. They discussed how Macao plans to further integrate into the Greater Bay Area to pursue sustainable growth.

Listen to public opinion and help grassroots and citizens solve practical problems they encountered. If you have any complaints, just call the “12345” hotline, every issue raised on the phone will be answered and solved very soon in a responsible manner by local governments. China’s “12345” hotline is a model for cities worldwide, Shahbaz Khan, director at the UNESCO East Asia office, told CGTN at the 2024 Beijing Forum on Swift Response to Public Complaints. He highlighted the importance of learning from the Global South and finding solutions tailored to…

Macao Special Administrative Region is working hard on promoting digital trade. Our goal is to make Macao a global hub for receiving orders by connecting with the best supply chains in the Chinese mainland and through Macao connecting the excellent industrial chains of Portuguese-speaking countries to the Chinese mainland more effectively, says Alvin Fong, president of the Macao China-Portuguese Chamber of Commerce and Trade Promotion, in an interview with CGTN.