By Liao Ruiling China’s outbound direct investment (ODI) in 2022 reached $163.12 billion, ranking second in the world, according to a report jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange. The report comprehensively reflects China’s ODI in 2022, including the flow and stock, the country’s ODI in major economies, the composition of outbound direct investors, and the composition of ODI enterprises. The Thar Coal Block-I Coal Electricity Integration project in Pakistan operated by Shanghai Electric supplies electricity to 4Read More

By Li Xinping, Lu Zehua, People’s Daily Across the vast Eurasian continent, the tinkling of camel bells once rang along the ancient Silk Road. Today, the rumbling “steel camels” are running along tirelessly. After 10 years of development, the China-Europe freight train service has accumulated 77,000 trips, transporting 7.31 million twenty-foot equivalent unit (TEU) containers of goods worth over $340 billion. It has become an important bridge for international economic and trade cooperation. Up to now, the China-Europe freight trains connect 112 cities in China and reach over 200 citiesRead More

By Liu Yao Through in-depth space cooperation, China and many countries in the world have jointly built a broad and magnificent “space silk road,” contributing to the development and utilization of space resources and the progress of human civilization. The constellation of the Beidou Navigation Satellite System (BDS) is working around the clock in the space. Since the system’s commissioning more than three years ago, the application models of the BDS has been enriched, with its fields of application getting wider and wider. According to statistics, the BDS-3 has providedRead More

By Liao Ruiling The sixth China International Import Expo (CIIE) is scheduled to be held at the National Exhibition and Convention Center (Shanghai) from Nov. 5 to 10. As the world’s first import-themed national-level expo, the CIIE has become a showcase of China’s new development paradigm, a platform for high-standard opening-up, and a public good for the whole world. The first CIIE was held in Shanghai in November 2018. Since then, the CIIE has been held annually in November, becoming an important platform for promoting exchanges and cooperation among enterprisesRead More

By Zheng Shaozhong, Zhou Huan, People’s Daily The 2023 World Conference on VR (virtual reality) Industry opened in Nanchang, east China’s Jiangxi province on Oct. 19. Since its first edition in 2018, the VR industry conference has been held annually in Nanchang.During the past five editions of the conference, 562 projects were signed with a total amount of 336.6 billion yuan ($46.05 billion). A national vocational education virtual simulation demonstration training base and the National Virtual Reality Innovation Center have been set up in Jiangxi. In recent years, with theRead More