China has been ramping up domestic investment since the start of this year, giving a strong boost to high-quality economic growth, showed the latest official data.
In September, the amount of infrastructure investment, manufacturing investment, and private investment all grew at a faster pace than the previous month, contributing to an ongoing increase in national fixed-asset investments, according to the National Bureau of Statistics.
In terms of structural improvement, key industries have seen rapid investment growth. In the first three quarters, investment in the manufacturing sector rose by 9.2 percent year-on-year, out-pacing overall investment growth by 5.8 percentage points. Specifically, investment in manufacturing technology upgrades increased by 9.5 percent, pointing to ongoing industrial transformation.
With enhanced support for scientific and technological innovation, investment in high-tech industries have maintained double-digit growth for seven consecutive months, particularly in aerospace and telecommunication sectors.
Analysts said the increase in both investment quantity and quality arises from effective policies. With the advancement of large-scale equipment updates and trade-in of consumer goods, investment in the purchase of equipment and tools surged 16.4 percent year on year in the first three quarters, contributing more than 61 percent to overall investment growth.
Major project investment has played an increasingly important role, the number of projects with planned investments of 100 million yuan (about 14 million U.S. dollars) or above rose 7.1 percent year on year, driving the growth of total investment by 3.9 percentage points, showing the stimulating and multiplier effects of government investment.
China's expanding investments continue to drive high-quality economic growth
China attaches great importance to global governance on biosafety and biosecurity, Foreign Ministry spokesman Li Jian said on Monday while briefing reporters on the outcomes of the Regional Workshop on Implementing the Biological Weapons Convention and Promoting Biosafety and Biosecurity in Southeast Asia.
Jointly held by China and ASEAN's rotating chair Laos, the workshop took place from Wednesday to Friday in the metropolis of Shenzhou in south China.
Speaking at a regular press conference in Beijing, Lin said, "This is the first workshop jointly held by China and ASEAN countries on implementing the Biological Weapons Convention and promoting biosafety and biosecurity."
He noted the workshop delivered positive outcomes, and China and Laos jointly issued the Co-chairs Summary, which includes consensus in four aspects:
First, advance the modernization of biosafety and biosecurity governance and related capacity, by way of promoting exchanges and mutual learning.
Second, build political consensus for a collective effort in countering biosafety and biosecurity risks, so as to benefit humanity through biotechnologies.
Third, improve global biosafety and biosecurity governance, reaffirm the commitment to the Biological Weapons Convention and support relevant international and regional organizations in providing more public goods.
Fourth, explore follow-up actions, and strengthen regional cooperation and coordination in the field of biosafety and biosecurity through various ways, including holding workshop as such on a regular term.
He said that China attaches great importance to global governance on biosafety and biosecurity.
"We have included capacity building in biosafety and biosecurity governance in the Global Security Initiative Concept Paper, listing it as a priority in international cooperation. Closer exchanges and cooperation between China and Southeast Asian countries on biosafety and biosecurity will provide new impetus for the China-ASEAN comprehensive strategic partnership and contribute to global governance on biosafety and biosecurity," said Lin.
China attaches great importance to global governance on biosafety, biosecurity: spokesman
