The revenue and profits of leading enterprises in China's strategic emerging industries achieved a significant increase in the past year, according to the "2024 Top 500 Chinese Enterprises" list released on Wednesday by the China Enterprise Confederation.
The newly-released list includes a series of special sub-lists such as the top 100 strategic emerging industry enterprises, the top 500 service industry enterprises, and the top 100 multinational companies.
The country's strategic emerging industries mainly cover nine major fields including new-generation information technology, high-end equipment manufacturing, new materials, new energy vehicles, aerospace, and marine equipment.
"Strategic emerging industries are an important carrier for the development of new-quality productive forces in China. The data from the list shows that China's large enterprises have made great progress in developing strategic emerging industries, and the revenue and profits of strategic emerging industries have increased significantly," said Zhu Hongren, secretary of the Chinese Communist Party Committee of China Enterprise Confederation.
The top 100 Chinese strategic emerging enterprises on the list achieved a total revenue of 12.7 trillion yuan (about 1.8 trillion U.S. dollars) in 2023, a yearly increase of 14.5 percent, and a profit of more than 904 billion yuan (about 127 billion U.S. dollars), a year-on-year increase of 29.5 percent.
"This figure proves that our high-quality development in the future should be a good indication of efficiency. We particularly advocate that enterprises should invest better in strategic emerging industries and determine the areas in which they should apply their business," said Yang Du, a professor at Renmin University of China's School of Business.
Chinese enterprises achieve marked progress in strategic emerging industries
Moon-themed lantern shows and a series of traditional performances have been held across China, enlivening the holiday spirit during the three-day Mid-Autumn Festival break.
On Mid-Autumn Festival night, moon-gazing is a time-honored and cherished tradition. In Shanghai, it has become popular to gather at lakesides or riversides where the moon's reflection can be seen in the water.
During the festival, the city's Yuyuan Garden created various moon-themed installations, combining them with mythological stories from the Classic of Mountains and Seas. They also featured folk performances, themed lantern displays, and special light shows, offering a unique festive experience.
"I think this is a must-visit spot in Shanghai, especially given how beautiful it is. Plus, it incorporates traditional Chinese culture, which perfectly aligns with the atmosphere of the Mid-Autumn Festival. I really love it - it's all about family and reunion," said a Shanghai local surnamed Zhang.
In Baizhang Town, Hangzhou City, east China's Zhejiang Province, a unique Fish Lantern Cultural Festival was held at the Shuttle Museum, a museum dedicated to weaving shuttles.
Villagers and tourists paraded along the roads and stream banks, holding exquisite peach blossom fish lanterns. The lanterns, vibrant and lifelike, symbolized the wish for "abundance every year and good fortune."
In Datong Ancient Town, Tongling City, east China's Anhui Province, the nighttime water dragon lantern performance and cultural night market have been bustling with activity during the holiday.
Dragon dancers skillfully waved the dragon lanterns, which spiraled and soared, creating various formations over the water.
The molten iron fireworks show, a folk art performance of throwing molten iron to create a fireworks-like display, was held on the river, creating a rare sight for spectators as countless golden sparks shot into the night sky of the ancient town before falling into the lake.
A drone performance was launched in Jingzhou City, central China's Hubei Province during the Mid-Autumn Festival. A thousand drones formed images of "Goddess of the Moon Chang'e," the "Jade Rabbit," and "Kongming Lanterns," creating poetic scenes together with the Moon afar.
"It's my first time watching a drone show, and I find it truly spectacular," said a tourist named Yu Duoduo.
In Dunhuang City, northwest China's Gansu Province, visitors gathered on the peaks of Mingsha Mountain to admire the stunning reflection of the Moon in the lake.
The Mid-Autumn Festival, celebrated on the 15th day of the eighth month in the Chinese lunar calendar, is a cherished occasion for family reunions in China. It falls on September 17 this year.
Lantern shows, traditional performances delight moon-gazers during Mid-Autumn Festival
