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Chinese vice premier meets U.S. delegation on economic ties

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      China

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      Chinese vice premier meets U.S. delegation on economic ties

      2024-09-20 22:25 Last Updated At:09-21 19:17

      He Lifeng, Chinese vice premier and Chinese lead person for China-U.S. economic and trade affairs, met with a delegation led by Jay Shambaugh, under secretary for international affairs at the U.S. Department of the Treasury, on Friday in Beijing.

      He noted that China and the United States should implement the important consensus reached between the two presidents at their San Francisco meeting and during a phone call in April this year, maintain economic communication and exchanges, strengthen macroeconomic policy coordination, properly handle each other's concerns on the basis of equality and mutual respect, and promote the steady and sound development of China-U.S. economic relations.

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      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Shambaugh, who is in China to attend the fifth meeting of the China-U.S. economic working group, said the U.S. side is willing to maintain economic communication with China and develop healthy economic relations.

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Chinese vice premier meets U.S. delegation on economic ties

      Next Article

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

      2025-01-20 22:37 Last Updated At:23:07

      China in 2024 saw a faster transformation and upgrading of investment in manufacturing industry, a strong growth of investment in high-tech industries, and a rebound of investment in infrastructure construction, according to the latest data released by the National Bureau of Statistics on Saturday.

      The investment in manufacturing industry grew by 9.2 percent compared to the previous year, or six percentage points higher than the growth rate of overall investment. In particular, investment in technological upgrades of manufacturing industry increased by eight percent, or 4.8 percentage points higher than overall investment growth.

      Private investment in manufacturing grew by 10.8 percent, driving up overall private investment by 5.3 percentage points.

      The structure of investment continued to optimize. Investment in high-tech industries rose eight percent compared to the previous year, which was 4.8 percentage points higher than the growth rate of overall investment. In particular, investment in high-tech manufacturing grew by seven percent, and that in high-tech service industry grew by 10.2 percent. Investments related to high-tech industries, such as aerospace equipment manufacturing and professional technical services, increased by more than 30 percent.

      In 2025, China plans to moderately increase central government budgetary investments, issue ultra-long-term special treasury bonds and local government special bonds, and enhance efforts to support projects for implementing major national strategies and building security capacity in key areas, as well as implementation of large-scale equipment upgrades and consumer goods trade-in programs, with the aim of stimulating private investment activity through various measures, effectively leveraging government investment to drive social investment, improving investment efficiency, and promoting steady growth in investments.

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

      Transformation, upgrading of China's manufacturing investment accelerates in 2024

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