Advanced Equipment
Search documents
CGTN: Why is China's economy holding steady? Jiangsu Province has the answer
Globenewswire· 2026-03-06 04:32
Core Viewpoint - China's economy demonstrates resilience and vitality amid global uncertainties, with Jiangsu Province serving as a key example of high-quality growth and effective policy measures aimed at common prosperity [1][2]. Economic Performance - In 2025, China's total GDP exceeded 140 trillion yuan (approximately $20.16 trillion), with Jiangsu contributing about 10% of this total [3]. - Jiangsu's economy has crossed four trillion-yuan milestones during the 14th Five-Year Plan period (2021-2025), showcasing steady expansion and strong momentum [3]. Policy Efforts - President Xi Jinping emphasized the importance of economically strong provinces like Jiangsu in stabilizing the national economy and enhancing resilience against external shocks [4]. - Jiangsu is encouraged to improve internal capabilities, integrate into China's unified national market, and expand high-level opening up to strengthen economic resilience [5]. Manufacturing and Innovation - Manufacturing is a central pillar of Jiangsu's economy, with the province ranking first nationwide in manufacturing high-quality development for five consecutive years, indicating strong industrial sophistication and innovation capacity [6]. Domestic Demand and Consumption - The popularity of the "Su Super League" attracted over 2.43 million spectators in 2025, highlighting the potential of sports, culture, and tourism to stimulate domestic consumption [7]. - Jiangsu attracted over $119 billion in actual foreign investment during the 14th Five-Year Plan period, ranking first in the country and demonstrating its openness to both domestic and international markets [8]. Common Prosperity and Social Policies - Chinese modernization aims for common prosperity, focusing on high-quality employment, income increases for urban and rural residents, and improved public services [9]. - The government plans to expand work-for-relief programs and enhance social security access for flexible workers and those in new employment forms [11]. - Policies to boost consumption include a 250 billion yuan allocation for consumer goods trade-in programs and a 100 billion yuan fund for domestic demand expansion [13]. - The draft report proposes raising minimum basic old-age benefits by 20 yuan per month and expanding maternity insurance coverage and childcare services [14][15].
沈阳获批4家科技部国际科技合作基地
Xin Lang Cai Jing· 2025-12-26 19:59
Core Viewpoint - The approval of four international technology cooperation bases in Shenyang marks a significant advancement in the city's international technology cooperation platform construction, aiming to enhance high-level technological self-reliance and innovation [1] Group 1: International Technology Cooperation Bases - The four approved international technology cooperation bases are: Advanced Robotics and Industrial IoT Technology International Joint Research Center, Sino-German (Shenyang) High-end Equipment Manufacturing International Technology Cooperation Base, Northeast Asia Agricultural Technology Innovation and Transformation Base, and Ophthalmic Medicine Biotechnology International Cooperation Base [1] - These bases cover key sectors such as high-end equipment, agricultural technology, and biomedicine, establishing collaborative relationships with research institutions and enterprises from over 30 countries and regions [1] Group 2: Development and Impact - The initiative aims to create a "project-talent-base" integrated development model, consolidating global technological innovation resources to establish a core hub for utilizing global technology resources [1] - Over the years, more than 200 exchange activities have been organized, and over 20 international technology cooperation platforms have been established, along with the implementation of more than 50 provincial-level international cooperation projects [1] - The approval of these bases is expected to enhance Shenyang's international innovation system, driving new quality productivity development and contributing to the establishment of a regional technology innovation center and an internationalized city in Northeast Asia [1]