Xi Jinping, General Secretary of the Communist Party of China (CPC) Central Committee, Chinese President and Chairman of the Central Military Commission, delivers a speech at a ceremony marking the centenary of the CPC in Beijing on July 1.
He announced that China has realized the first centenary goal—building a moderately prosperous society in all respects. “This means that we have brought about a historic resolution to the problem of absolute poverty in China, and we are now marching in confident strides toward the second centenary goal of building China into a great modern socialist country in all respects,” Xi said. (See P.12-17 for more information)
An aerial photo taken on June 26 shows the Xiangjiang River Grand Bridge along the Zunyi-Yuqing Expressway in Guizhou Province. The 93-km-long expressway opened on July 1. It has been designed to cut the travel time between Zunyi City and Yuqing County, both in Guizhou, from three hours to about 70 minutes.
The first electrified railway in Tibet Autonomous Region opened on June 25, linking the regional capital Lhasa with the city of Nyingchi, as the Fuxing bullet trains enter official operation on the plateau region.
With a length of 435 km and a designed speed of 160 km per hour, the new railway is a single-line electrified railway. There are currently nine stations in the cities of Lhasa, Shannan and Nyingchi that can handle passenger and freight transportation.
The newly opened LhasaNyingchi Railway has provided southeast Tibet with access to railway services for the first time in history.
The railway reduces travel time from Lhasa to Nyingchi from five hours to approximately three and a half hours, and cuts the travel time from Shannan to Nyingchi from six hours to approximately two hours.
It is the first time that the Fuxing bullet trains, independently developed by China, are transporting passengers in Tibet. The train series have already been serving all other provinciallevel regions of the Chinese mainland.
The line passes through 47 tunnels and crosses 121 bridges, traversing the Yarlung Zangbo River no fewer than 16 times, with some 90 percent running at more than 3,000 meters above sea level. Tunnels and bridges account for approximately 75 percent of the total length of the railway.
With an annual freight transport capacity of 10 million tons, the railway will in turn promote economic development and improve peoples lives.
Deep Sea No.1, Chinas first self-operated 1,500-meter deep-water gas field, started production on June 25, according to the China National Offshore Oil Corp. (CNOOC).
The gas field is located 150 km from the city of Sanya in the island province of Hainan.
Production at the gas field, first detected in 2014, is of great significance to ensuring national energy security, optimizing the countrys energy structure and promoting regional economic development, the CNOOC said.
The gas field is expected to provide 3 billion cubic meters of natural gas per year.
The exploration, development, construction and operation of the Deep Sea No.1 gas field has propelled the development of shipbuilding, steel, electromechanical and other industries.
The Ministry of Transport announced China had more than 1.71 million registered sailors by the end of 2020, up 3.5 percent year on year, with approximately 258,000 of those sailors women, Xinhua News Agency reported on June 27.
Of the total, the number of seagoing crew members increased 3 percent year on year to approximately 808,000, while the number of inland river crew members increased 3.9 percent to approximately 908,000.
By the end of 2020, China had 592,998 registered international sailors, up 3 percent year on year, 39,702 of whom were women.
The ministry has been refining the training, examination and certification of sailors. Chinese colleges enrolled approximately 19,000 students majoring in navigation in 2020, up 1.6 percent year on year.
An international research team has announced the discovery of a tiny dinosaur track with a length of 10.2 mm, making it the smallest dinosaur track uncovered in China, Xinhua reported on June 28.
Paleontologists from China, the United States, Germany, and Australia found the tridactyl footprint, which is 9.6 mm wide, in Zigong, a city in Sichuan Province.
They believe the footprint is that of Grallator, a non-avian theropod whose footprint is usually less than 15 cm in length.
Paleontologists said they need more research to ascertain whether the track came from a juvenile or a small species.
They estimated the body length of the track maker at some 12 cm, equivalent to the size of a modern sparrow.
An article on the discovery was published online by the Historical Biology journal on June 21.
Giant panda Jianjian eats a birthday “cake” in Macao Special Administrative Region on June 26. The twin panda brothers Jianjian and Kangkang celebrated their fifth birthday that day.
Chinese archaeologists unearthed an ancient landmark bridge in Kaifeng, Henan Province, on June 25.
The stone bridge has a deck measuring 30 meters in width, featuring eight-lane highway bridges.
The bridge was constructed during the Tang Dynasty (618-907) and crosses the Bianhe River, a section of the Grand Canal, a vast waterway connecting the northern and southern parts of China. The bridge became a landmark structure in Kaifeng when the city served as the capital during the Northern Song Dynasty (960-1127).
The bridge had been used for six dynasties until it was buried by sediment from the flooding of the Yellow River in 1642. It was discovered by chance in 1984. The Henan Institute of Cultural Relics and Archaeology initiated the excavation of the bridge in 2018.
Zhou Runshan, who is overseeing the project, said the decks exposed stone slates had been dated to the Ming Dynasty(1368-1644). The team further unearthed a Ming Dynasty temple hosting the god that protected the river, as well as a trove of cultural artifacts such as goldplated copper statues, copper coins and well-preserved blue and white porcelain.
The findings provide important evidence for the study of the canal culture and civilization in the Yellow River basin, Zhou said.
Visitors view a 3D-printing machine on June 24 at the China Building Science Conference and Green Intelligent Building Expo in Tianjin. Tianjin hosted the first Green Intelligent Building Expo from June 24 to 27, which mainly featured new materials, the latest technologies, new equipment, and new energy in the construction industry.
China will officially launch its voluntary fishing moratorium on the high seas from July this year in order to preserve squid resources in open waters, the Ministry of Agriculture and Rural Affairs said on June 28.
From July 1 to September 30, the moratorium will be observed in parts of the high seas of the Southwest Atlantic Ocean outside the exclusive economic zones of countries concerned, while from September 1 to November 30, the suspension will further cover sections of the high seas in the eastern Pacific Ocean.
During this period, Chinese squid fishing boats in the areas will halt all operations, the ministry said.
China piloted a voluntary fishing suspension on parts of the high seas in the southwest Atlantic Ocean and the eastern Pacific Ocean last year, both of which are among the countrys main pelagic fishing areas.
Following the pilot suspension, the squid resources and the cumulative output of squid in these sea areas during the first four months of this year have improved from a year ago, the ministry said, citing expert assessment.
The first two generating units of the Baihetan Hydropower Station went into operation on June 28.
Located on Jinsha River, the upper section of the Yangtze River in southwest China, the hydropower station will feature the worlds second largest installed capacity of 16 gigawatt upon completion, second only to the Three Gorges Dam project in Hubei Province. Its investment totals 220 billion yuan ($34.1 billion).
With construction starting in 2017, the Baihetan project transmits power from the west to regions in east China.
When in full operation, it is expected to save approximately 19.68 million tons of standard coal equivalent, as well as reduce emissions of carbon dioxide by 51.6 million tons, sulfur dioxide by 170,000 tons, and nitrogen oxides by 150,000 tons annually.
The Baihetan Dam is an ultra-high double-curvature arch structure with a maximum height of 289 meters and an arc length of 709 meters.
“All core technologies of the hydropower station were independently developed,”Lei Mingshan, Chairman of the China Three Gorges Corp., in charge of the projects construction, said.
In a statement released following the quarterly meeting of its monetary policy committee on June 25, the Peoples Bank of China(PBC) pledged efforts to keep the economy running within an appropriate range and ensure that it reaches a higher level of equilibrium over the course of recovery.
The prudent monetary policy should stay flexible, precise, reasonable and moderate, the PBC said, stressing to keep the macro leverage ratio stable and liquidity at a reasonable and ample level.
The central bank announced that it would deepen the marketoriented reform of exchange rates, increase the yuans flexibility whilst keeping the currencys exchange rate stable at a balanced level.
Measures will be taken to establish a mechanism that allows for the financial system to effectively support the real economy, promote a highlevel two-way financial opening up and improve the countrys management and risk control capabilities, the statement said.
The PBC will create tools to advance coal emission reduction and improve the green financial system to help achieve carbon neutrality targets, it said.
Industrial firms with an annual business turnover of at least 20 million yuan ($3.1 million) earned around 3.42 trillion yuan($529 billion) in total profits in the first five months of the year, soaring 83.4 percent year on year, data from the National Bureau of Statistics (NBS) indicated on June 27.
Compared with the 2019 level, their profits rose 48 percent in the first five months. The expansion put average JanuaryMay growth in 2020 and 2021 at 21.7 percent.
In May alone, the profits climbed 36.4 percent from a year earlier to 829.92 billion yuan($128.5 billion).
Of all 41 industrial sectors, nearly 70 percent registered yearly profit increases in May, and 80 percent saw profits surpass the 2019 levels, according to NBS senior statistician Zhu Hong.
Intensified by rising market demand and price increases for bulk commodities, sectors related to metal smelting and processing, raw chemical materials and product manufacturing, as well as those in oil and coal, posted fast profit expansions in May, according to Zhu.
The pharmaceutical manufacturing industry also realized strong growth, driven by a demand for pandemic-related medical supplies such as COVID-19 vaccines and test kits. The sectors profits soared 85.7 percent over a year earlier, jumping up 23.6 percentage points from April.
A total of 5.22 million new taxpaying market entities were registered in China during the January-May period, an increase of 40.19 percent from the same period last year, data from the State Taxation Administration showed on June 30.
Newly registered companies numbered 2.78 million, representing a rise of 37.14 percent year on year. New individual businesses stood at 2.37 million, up 45.37 percent from a year ago.
Up to 98.86 percent of the new market entities were privately owned, up 0.09 percentage point and 0.53 percentage point from the same period in 2020 and 2019, respectively, according to the administration.
Market entities from the wholesale and retail, commercial service and construction sectors accounted for 56.05 percent of the total, while the proportion of new taxpayers from the modern service sector witnessed continued growth, it added.
China and Singapore have achieved positive progress in the second round of follow-up talks on the upgrading of their free trade agreement, the Ministry of Commerce (MOFCOM) said on June 25.
The two countries conducted in-depth discussions on rules related to cross-border service trade, investment, telecommunications and other sectors during the meetings held via teleconference from June 17 to 25, according to MOFCOM.
Both sides also agreed to carry out negotiations on market access negative lists for service trade and investment in the next round of talks.
The pact came into effect in January 2009. China and Singapore started their follow-up talks regarding its upgrade in December 2020.
China continues to have the largest local currency bond market in Emerging East Asia, comprising 77.8 percent of the regions bonds outstanding, according to the latest issue of the Asian Development Bank (ADB) report released on June 25. Emerging East Asia comprises China, Indonesia, the Republic of Korea, Malaysia, the Philippines, Singapore, Thailand and Viet Nam.
The ADBs Asia Bond Monitor stated that during the first quarter of the year, Chinas bond market expanded 2.1 percent from the previous quarter and 17.3 percent from a year earlier, up to $15.8 trillion, adding that a decline in government bond issuance limited the growth of the market at large.
The report further read that government bonds in China grew 1.6 percent from the previous quarter and 18.5 percent year on year to $10.1 trillion at the end of March. Corporate bonds increased 2.9 percent from the previous quarter and 15.2 percent from a year earlier to $5.7 trillion.
Spending on cloud infrastructure services jumped 55 percent year on year to $6 billion in China in the first quarter of the year, technology market research firm Canalys said.
The growth of the Chinese market has continued to outpace the rest of the world, the firm said, adding that the country accounted for 14 percent of global investment in the sector during the period.
The top four cloud service providers in the country were Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu AI Cloud, accounting for over 80 percent of Chinas total expenditure, the firm said.
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