Photo: AFP/IMAGINECHINA
Eurasia
14/02/2024 09:44
Last year, the sector's industrial added value soared 13 percent year on year, 8 percentage points higher than that for China's overall manufacturing industry, according to the association.
The combined operating revenue of this sector came in at 10.1 trillion yuan (about 1.42 trillion U.S. dollars) in 2023, jumping 11.9 percent from the previous year.
China’s economy expanded at an annual rate of 5.4 per cent in the January–March period, the government announced on Wednesday, driven by strong export performance ahead of US President Donald Trump’s rapid escalation of tariffs on Chinese goods.
Kazakhstan has unveiled a major rare earth discovery in its Karagandy region, potentially containing up to 20 million tonnes of reserves. Announced ahead of the EU–Central Asia Summit, the find could elevate Kazakhstan’s global standing in critical minerals, though experts urge caution as further studies are needed.
Amid escalating trade tensions with the United States, European Commission President Ursula von der Leyen engaged in a telephone conversation with Chinese Premier Li Qiang on Tuesday, aiming to address the widespread disruption caused by recent U.S. tariffs.