China's development of green industries and the country's initiative of building a unified national market have made steady progress over the first three quarters of 2024, according to the data published by the State Taxation Administration on Sunday.
The tax data highlighted that the development of green industries has gathered pace in Jan-Sept, reflecting a resilient and diversified economic landscape.
Sales revenue in the ecological protection and environmental governance sectors surged by 11.4 percent, while the green technology services sector, including renewable energy and energy-saving solutions, witnessed a growth of approximately 20 percent. As China's broader strategy has continued emphasis on transition toward a more sustainable and innovative paradigm, sales in the clean energy sector, including solar, wind, and hydropower, maintained a rapid growth.
The transportation and logistics sector also registered faster growth, with sales revenue rising by 10 percent year on year. In particular, the growth in multimodal transport and freight forwarding services saw increases of 33.5 percent and 11.3 percent, respectively. The transportation sector in Sept alone experienced a 10.6 percent growth.
Moreover, interprovincial sales volume rose by 2.5 percent, outpacing the overall growth rate of national enterprise sales revenue by 1.1 percent, reflecting a steady progress in building a unified national market.
China on April 10, 2022 unveiled guidelines for accelerating the building of a unified national market, envisioning breaking local protection and market fragmentation and unblocking key sticking points that weigh on economic circulation, as part of a wide-ranging push for an effectively regulated, fairly competitive and fully open market across the country.
China’s green industries, unified national market initiative make steady progress: data
China’s green industries, unified national market initiative make steady progress: data
Macao has been emerging as a global hub for conventions and exhibitions in recent years by exploring the enormous opportunities in the sector, driving the region to advance its economic diversification and embrace a brighter future.
Macao has received many awards this year, such as the Best Convention City (Asia) and the Best BT-MICE City, showcasing the recognition for and influence of Macao's exhibition industry.
More than 1,000 electronic game enthusiasts from all over the world gathered recently in Macao to participate in a esports themed event.
Su Zhili, organizer of the event, said that Macao's rich experience in hosting large-scale events, coupled with its good infrastructure, has driven him to choose the region as an ideal destination to hold such an activity.
"Macao has held many similar large-scale events. It has rich experience, and the facilities at the venue are relatively mature, so we can start our work comfortably," said Su.
During the first three quarters of 2024, Macao held more than 1,000 conferences and exhibitions in total.
"We will invite more professional, special conferences to be held in Macao and also cultivate more exhibition brands with international influence in Macao, so as to promote Macao's exhibitions to be more market-oriented, professional, international, digital and greener from various aspects. This is our goal," said Elaine Wong, member of the Macao Commerce and Investment Promotion Institute.
In addition, multiple large exhibitions and conferences, such as the Macao International Trade and Investment fair, the Macao Franchise Expo, and the International Infrastructure Investment and Construction Forum, are held regularly in Macao.
With the introduction of a series of policies and measures to facilitate the exchanges between the mainland and Macao, as well as the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Macao's convention and exhibition industry will embrace more opportunities for development in the foreseeable future.
"We have such a good industrial base in the Greater Bay Area. The mode of 'Convention and Exhibition + Industry' not only integrates the industries of Macao, but also the industries of the Greater Bay Area. In addition, Macao actively integrates into the national development and plays a role in the Belt and Road. Why are we so confident in Macao's convention and exhibition sector? Because it is backed by the motherland, and the country gives Macao great support," said Alan Ho, chairman of the Macao Association of Convention, Exhibition and Tourism Sectors.
Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition
