GLOBALink | China's further opening-up, innovations boost global recovery -Xinhua

GLOBALink | China's further opening-up, innovations boost global recovery

Source: Xinhua

Editor: huaxia

2023-11-08 20:10:17

BEIJING, Nov. 8 (Xinhua) -- China's economy has sustained its recovery momentum with solid progress made in high-quality development, with China's gross domestic product expanding 4.9 percent in the third quarter, and growing 5.2 percent year on year in the first three quarters of 2023, according to China's National Bureau of Statistics.

Data show that by the end of September, 1,110 overseas institutions had gained access to China's bond market, with holdings topping 3.3 trillion yuan (453 billion U.S. dollars), and 202 banks from 52 countries and regions had set up institutions in China.

Over the past five years, the annual China International Import Expo (CIIE) has become a symbol of China's high-level opening-up and an emblem of its ongoing endeavors to build an open global economy.

Making its first complete return to in-person exhibitions since the onset of COVID-19, the ongoing sixth expo again put the spotlight on China's dedication to shared development in a global economy confronted by myriad challenges.

In China, high-tech investment gained 11.5 percent year on year in the first seven months, and the funds for scientific research and technologies went up 23.1 percent. The production of new energy vehicles and solar batteries rose 24.9 percent and 65.1 percent in July, respectively.

By the end of 2022, China had signed MOUs on the construction of the Digital Silk Road with 17 countries, and on e-commerce cooperation with 30 countries, according to a white paper released earlier this year.

Produced by Xinhua Global Service


Comments (0)

    Follow us on