BEIJING, Aug. 11 (Xinhua) -- China's exports of automobiles reached a new monthly record in July, industrial data showed Thursday.The country's auto firms exported about 290,000 units of cars last month, up 67 percent year on year and 16.5 percent over June, according to the China Association of Automobile Manufacturers.July's exports of new energy vehicles totaled 54,000 units, surging nearly 90 percent over June.In the first seven months of 2022, automobile exports reached about 1.51 million units, with passenger vehicles taking the lion's share.The whole year's car expor...
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BEIJING, Aug. 10 (Xinhua) -- China's largest oil refiner Sinopec has acquired crude oil and natural gas from a newly-drilled oil reserve about 8,000 meters deep in the Tarim Basin of Xinjiang Uygur Autonomous Region.The high-yield reserve in Sinopec's Shunbei oil and gas field is estimated to be capable of producing 244 tonnes of crude oil and 970,000 cubic meters of natural gas each day, the company said Wednesday.The Shunbei oil and gas field now has 41 ultra-deep drilling wells with a vertical depth exceeding 8,000 meters.Deep and ultra-deep oil and gas reserves account for about 34...
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2022
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HARBIN, Aug. 10 (Xinhua) -- Chinese telecom operators have accumulatively invested 401.6 billion yuan (about 59.4 billion U.S. dollars) in 5G, according to the 2022 World 5G Convention that kicked off Wednesday in Harbin, capital of northeast China's Heilongjiang Province.China has some 1.85 million 5G base stations and more than 450 million 5G end users, both accounting for over 60 percent of the global total, the conference said.According to Liu Liehong, chairman of China United Network Communications Group Co., Ltd., the accelerating application of 5G technology has led to the emergence...
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NANCHANG, Aug. 9 (Xinhua) -- China on Tuesday completed the construction of the country's first independently-developed trial line using rare earth permanent magnetic levitation (PML) technology.Dubbed 'Rainbow,' the maglev line that is about 800 meters long was built in Xingguo County, east China's Jiangxi Province.The trial line, jointly developed by the Jiangxi University of Science and Technology, China Railway Liuyuan Group (CRL Group), China Railway Hi-Tech Industry Co., Ltd. and China National Rare Earth Functional Material Innovation Center, can be applied to bear air t...
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BEIJING, Aug. 9 (Xinhua) -- China's Small and Medium Enterprises (SMEs) Development Index, based on a survey of 3,000 SMEs, edged down in July, industry data showed Tuesday.The index came in at 88.3 in July, down 0.1 points month on month, said the China Association of Small and Medium Enterprises.Amid complex and grim external environment and sporadic COVID-19 flare-ups at home, the foundation of China's economic recovery remained weak, weighing on the business performance of SMEs last month, the association said.The index contains multiple sub-indexes to gauge the performances and ex...
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2022
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