BEIJING, Nov. 9 (Xinhua) -- Chinese President Xi Jinping Wednesday sent a congratulatory letter to the 2022 World Internet Conference Wuzhen Summit, which opened in Wuzhen, east China's Zhejiang Province.In the letter, Xi noted that digital technology is being increasingly integrated into all domains and the whole process of economic and social development, bringing profound changes to people's approaches to work, daily life, and social governance.Xi called on the international community, faced with the opportunities and challenges brought by digitalization, to jointly build a cyberspa...
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BEIJING, Nov. 9 (Xinhua) -- China's Ministry of Industry and Information Technology has recently released a guideline to facilitate the digital transformation of small and medium-sized enterprises (SMEs).The guideline calls for the creation of digital applications for instant communication, long-distance collaboration and project management in order to better meet the needs of such companies during the transformation.Digital service providers and internet platforms have been asked to develop more convenient solutions for the issues faced by SMEs in advancing digital transformation.To step ...
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BEIJING, Nov. 8 (Xinhua) -- China's passenger vehicle market continued to expand in October with an increase in retail and wholesale sales, industrial data showed Tuesday.Some 1.84 million passenger cars were sold via retail channels in October, up 7.3 percent year on year, according to the China Passenger Car Association.Wholesale sales of passenger cars topped 2.19 million units last month, up 11 percent year on year.Passenger car export reached 270,000 units in October, a surge of 42 percent from a year earlier, the car association said.China's policy to cut car purchase tax has con...
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BEIJING, Nov. 8 (Xinhua) -- China's outbound direct investment (ODI) increased 16.3 percent year on year to 178.82 billion U.S. dollars in 2021, ranking the second in the world, an official report showed.The country's ODI had ranked among the world's top three for ten consecutive years as of the end of 2021, according to the report jointly released by China's Ministry of Commerce, the National Bureau of Statistics, and the State Administration of Foreign Exchange.By the end of 2021, China's ODI stock stood at 2.79 trillion dollars, ranking among the top three globally for f...
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The value of China's foreign trade amounted to 34.62 trillion yuan ($4.79 trillion) in the first ten months of 2022, up 9.5% year-on-year, according to the General Administration of Customs.Among that, the country's exports surged 13% on a yearly basis to 19.71 trillion yuan, while its imports grew 5.2% to 14.91 trillion yuan. Its trade surplus jumped 46.7% year-on-year to 4.8 trillion yuan.The administration said that China's total foreign trade expanded 6.9% from the same period last year to 3.55 trillion yuan in October.The country's trade with the Association of Southeast A...
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