The purchasing managers' index (PMI) for China's manufacturing sector came in at 50.2 in February, up from 50.1 in January, data from the National Bureau of Statistics (NBS) showed Tuesday.
China will further improve its regulatory framework of monetary and macro-prudential policies, as part of efforts to step up counter-cyclical adjustments and curb risk contagion, according to the central bank.
With a total investment of 13.5 billion yuan (about 2.14 billion U.S. dollars), the project is expected to meet the needs of one million electric cars and achieve an output value of more than 20 billion yuan.more
Sales of Hongqi, a car brand under China's leading automaker FAW Group Co., Ltd., have soared 40 percent year on year in the first two months of 2022 to 63,800 units, the company said.more
Research predicts that by 2040 information and communications technology will account for 14 percent of global emissions, up from 1.5 percent in 2018. Tech giants are in the vanguard of China's net-zero shift.
China is currently the world leader in the 5G rollout with "1.425 million 5G base stations" and "518 million" people having a 5G phone.
China's machinery industry is expected to achieve steady growth this year, Chen Bin, vice president of the China Machinery Industry Federation, has said.