Sales revenue of enterprises across China surged in the fourth quarter of 2024, fueled by the implementation of favorable policies, according to data released by the State Taxation Administration (STA) on Thursday.
In the manufacturing sector, sales revenue grew by 3.8 percent year on year in the fourth quarter. Notably, the equipment manufacturing sector saw a significant increase, with the sales revenue rising by 8.3 percent year on year.
Emerging industries continued their rapid expansion in the last quarter of 2024, with the sales revenue in high-tech industries maintaining a double-digit growth to increase by 10.6 percent year on year.
Within this sector, high-tech services and high-tech manufacturing saw year-on-year growth of 11.1 percent and 10 percent respectively.
In the fourth quarter, eco-environmental services showed steady growth, with the sales revenue from green technology promotion services, including new energy, energy conservation, and environmental protection, growing by 21.2 percent, 21.8 percent, and 16.3 percent year on year respectively.
Meanwhile, equipment upgrades gained momentum thanks to the implementation of relevant policies.
In the fourth quarter, the value of mechanical equipment purchased by enterprises nationwide increased by 7.5 percent year on year, a 2.2 percentage point rise compared with the third quarter.
Along with the promotion of implementing major national strategies and building security capacity in key areas, the sales revenue of the civil engineering and construction industry, an indicator of infrastructure investment, grew significantly in the fourth quarter.
In December, the sales revenue of the civil engineering and construction sector registered a year-on-year growth of seven percent.
The development of a unified national market progressed smoothly in the fourth quarter, with sales revenue from inter-provincial trade growing by 3.3 percent year on year.
Sales revenue of enterprises across China surges in Q4, fueled by favorable policies
A Chinese envoy on Thursday called on all peace-loving countries to promote the implementation of the two-state solution as it is the sole viable solution to the Middle East issue.
The call was made by China's deputy permanent representative to the United Nations Geng Shuang at a commemoration marking the 77th anniversary of the Nakba ("catastrophe" in Arabic) which was held by the Committee on the Exercise of the Inalienable Rights of the Palestinian People at the United Nations headquarters in New York.
The Nakaba refers to the mass displacement and dispossession of Palestinians during the 1948 Arab-Israeli war. It remains a deeply traumatic event in the Palestinian collective memory and continues to shape their struggle for justice and for their right to return to their homes.
Urging steps to realize a comprehensive and lasting solution to the Palestinian question, Geng stressed that only through the implementation of the two-state solution can the Nakba be consigned to history.
Seventy-seven years ago, more than half of the Palestinian people were expelled or fled from their homes during the Arab-Israeli war, and they have since embarked on the arduous journey of striving for their legitimate rights and interests, Geng said.
"Today, 77 years later, the historical injustice suffered by the Palestinian people has not only remained unaddressed, but has even worsened," he pointed out.
Noting the question of Palestine, at the core of the Middle East issue, bears on peace, stability, and long-term security of the region, Geng said the implementation of the two-State solution is the only viable way to resolve the question.
The imperative now is to immediately realize a lasting ceasefire in Gaza and alleviate the humanitarian disaster, Geng said, urging Israel to implement the United Nations Security Council and General Assembly resolutions, comply with the International Court of Justice provisional measures and advisory opinion, and immediately cease all military attacks and violations of international law, especially the International Humanitarian Law.
"On the question of Palestine, China, upholding fairness and justice, remains steadfast in its support for the justice cause of the Palestinian people to restore their legitimate national rights for the early establishment of the fully sovereign and independent State of Palestine based on the 1967 borders with East Jerusalem as its capital, and for the early admission of the State of Palestine as a full member of the United Nations," Geng added.
Chinese envoy stresses two-state solution as sole viable solution to Middle East issue
