China Science and Technology City International High-tech Expo opens

⁠⁠⁠⁠⁠⁠⁠The 12th China (Mianyang) Science and Technology City International High-tech Expo is right underway in Mianyang City, southwest China's Sichuan Province, boasting over 1,000 advanced exhibits from global and domestic origins.

Scheduled to run from Wednesdaythrough Sunday, the event is showcasing the latest advancements in technology and the fruitful outcomes of regional innovation collaborations.

Visitors to the exhibition are captivated by the forefront of technological breakthroughs in domains like artificial intelligence, precision instruments, novel displays, and innovative materials.

Of particular interest is a remarkable robotic arm featuring AI tactile sensors, designed to mirror the dexterity and sensitivity of human touch. This innovation enables the robotic arm to execute intricate and stable gripping maneuvers, demonstrating its ability to delicately handle fragile items such as tofu and eggs with unparalleled finesse.

Another standout exhibit is the domestically developed Computer Numerical Control (CNC) machine tool. Boasting the capability to process six degrees of freedom in a singular operation with precision levels reaching the micron scale. This machine tool finds applications in critical sectors like aerospace, shipbuilding, and precision instrument manufacturing.

Reports indicate that the expo witnessed the signing of 69 high-tech industrial projects on-site, with a cumulative contract value exceeding a staggering 70 billion yuan (about 10 billion U.S. dollars).

China Science and Technology City International High-tech Expo opens

The sales revenues of Chinese enterprises maintained month-over-month growth in October, according to the value-added tax data released by China's State Taxation Administration on Thursday.

October's sales revenues increased by 3 percentage points and 1.3 percentage points compared with August and September, respectively, the data showed.

The sales revenues of the manufacturing industry grew by 1.3 percent year over year and posted a 2.2 percentage points increase compared with September. The high-tech and the equipment manufacturing sectors maintained faster growth, with their sales revenues jumping 8.9 percent and 5.1 percent year over year, respectively.

Besides, China's advanced manufacturing industry also performed well in October, including the sectors of aerospace vehicle and equipment manufacturing, computer equipment manufacturing, and electronics and communication equipment manufacturing.

In terms of the modern service industry, sales revenues of the scientific research technology services, information technology services, and logistics increased by 14.5 percent, 9.2 percent, and 7.3 percent year over year, respectively.

The resale housing markets in China's first-tier cities were also active throughout October, with resale revenues in Beijing and Shanghai going up by 11 percent and 12.8 percent year over year, respectively.

As China ramped up equipment renewal programs, in October, Chinese enterprises spent 5.2 percent more year over year on purchasing equipment.

Sales revenue of Chinese enterprises maintain growth in October