China will increase investment in technological innovation to bolster strategic emerging industries, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) said on Wednesday during a press conference, in a move to accelerate the country's technology advancement and foster new productive forces.
Yuan Ye, deputy director of the SASAC, said that centrally administrated state-owned enterprises (SOEs) completed 2.18 trillion yuan ($307.8 billion) of investment in strategic emerging industries in 2023, rising 32.1 percent year-on-year.
Investment in research and development reached 1.1 trillion yuan, surpassing the level of 1 trillion yuan for a second consecutive year.
Zhuang Shuxin, a spokesperson for the SASAC, noted during the press conference that the SASAC has initiated a number of new projects in photovoltaic hydrogen production, carbon fiber manufacturing and automotive chips; set up new enterprises in laser technology, quantum communication and satellite internet, and reorganized and merged companies in the areas of electronics, new energy, environmental protection and intelligent vehicle production.
"We will build strategic emerging industry clusters and actively apply artificial intelligence technology into various sectors in order to achieve development progress in key areas of biology, new materials and new-energy vehicles," said Zhuang.
Regarding the extremely cold weather this winter, the SASAC said it will enhance the development of the new-energy sector, including hydrogen and nuclear power, power storage and virtual power plants to ensure energy security.
As of September 30, 2023, the assets of 383 listed SOEs reached 53 trillion yuan, of which 154 companies, or 40 percent, were in emerging industries.
"The SASAC will encourage centrally administrated SOEs to increase the proportion of revenue and value-added across strategic emerging industries to facilitate more companies to turn to an innovation-driven growth pattern and help foster new productive forces," said Yuan.
China on Wednesday posted a robust GDP growth of 5.2 percent for 2023, successfully beating the government's pre-set yearly target of around 5 percent. This highlighted the strong internal dynamics of the world's second-largest economy and its significant potential for continuous expansion, even amid a turbulent international macroeconomic environment, continuing to drive global resurgence.
The country's economy particularly achieved a standout performance in the fourth quarter, growing 5.2 percent between October and December. Chinese Premier Li Qiang has already projected a 5.2 percent GDP growth for 2023 during a speech at the World Economic Forum (WEF) annual meeting in Davos on Tuesday.
Despite factors including a slowdown in the real estate industry, China's economy emerged from the shadows of the pandemic over the past 12 months, achieving a remarkably steady growth. Standout achievements included vibrant services sector spending, substantial investments in high-end manufacturing, and notable advancements in foreign trade activities. These compelling data refuted the continuous attempts by certain foreign media outlets to paint a negative picture of China's economic recovery.
Analysts noted that the fundamentals of the Chinese economy remain solid, with new growth drivers continually emerging, while certain risk factors are being steadily addressed by government policies. Despite challenges expected in 2024, there is a positive outlook for the Chinese economy to navigate the choppy waters, ensuring continuous and steady growth.
In 2023, China's annual GDP reached 126.06 trillion yuan ($17.52 trillion), registering a 5.2 percent growth compared to the previous year. Despite stiff headwinds, the national economy demonstrated resilience, achieving a new milestone in overall economic development, according to data released by the National Bureau of Statistics (NBS) on Wednesday.
Bright spots
In terms of industry breakdown, the value added in the primary sector surged to 8.98 trillion yuan, showing a robust 4.1 percent increase from the previous year. The secondary sector contributed significantly with 48.26 trillion yuan, marking a steady growth of 4.7 percent, while the tertiary sector added 68.82 trillion yuan, experiencing a notable 5.8 percent increase.
Looking at the quarterly performance, the year-on-year GDP growth rates were 4.5 percent in the first quarter, 6.3 percent in the second quarter, 4.9 percent in the third quarter, and 5.2 percent in the fourth quarter.
In 2023, China's total grain output reached 1.39 trillion jin (695 billion kilogram), an increase of 1.3 percent over the previous year, consistently exceeding 1.3 trillion jin for the ninth consecutive year.
The annual value-added of the national industrial enterprises above a designated size increased by 4.6 percent compared to the previous year. In particular, that of the equipment manufacturing industry grew by 6.8 percent, 2.2 percentage points higher than that of the overall industrial enterprises above a designated size.
The total retail sales of consumer goods recorded 47.15 trillion yuan, up 7.2 percent year-on-year. Spending in the services sector experienced rapid growth, with a year-on-year retail sales increase of 20 percent .
The annual per capita disposable income of residents nationwide reached 39,218 yuan, marking a nominal growth of 6.3 percent compared to the previous year.
Analysts have taken stock of highlights in the country's economic performance in 2023.
"For starters, it is the commendable and sustained industrial upgrades from medium and low value-added industries to high value-added industries," Tian Yun, an independent macro analyst, told the Global Times on Tuesday.
Tian highlighted automotive, airplane and ship manufacturing as highlights that beat market expectations the most.
In 2023, China's auto production and sales for the first time both exceeded 30 million units, a record high, according to the China Association of Automobile Manufacturers last week. By shipping over 5 million automobiles overseas, the country is estimated to have overtaken Japan as the world's largest auto exporter in 2023.
The annual national fixed-asset investment (excluding rural households) reached 50.3 trillion yuan, showing a growth of 3 percent compared to the previous year. Notably, investment in the manufacturing sector increased by 6.5 percent. The high-tech industry investment emerged as a highlight, growing by 10.3 percent and surpassing the overall investment growth by 7.3 percentage points. Investments in high-tech manufacturing and high-tech services increased by 9.9 percent and 11.4 percent, respectively.
"The second notable highlight is evident in addressing and strengthening the weaknesses or shortcomings [in high-tech sectors]," Tian said.
For instance, in the field of semiconductor technology, China has witnessed a decline in chip imports, yet its domestic production has not only been maintained but has also demonstrated higher efficiency, Tian said, stressing that it was an impressive progress in the face of an ongoing US blockade.
China's global trade position is unassailable. Without the export of high-quality and low-cost technologically advanced products from China, many countries, especially developing and low-income nations, might face even more severe development challenges than they currently do, Tian added.
During a Friday interview with the Global Times, Yu Xiangrong, Citi's chief economist for China, also highlighted the accelerated recovery of spending of services, improvements in the export chain and the rapid development of high-end manufacturing as bright spots in China's performance over the past year.
As the Spring Festival holidays approach, domestic travel, outbound and inbound travel bookings have all witnessed significant growth. For the upcoming holidays, domestic travel bookings have grown over 7 times compared to the previous year, while both outbound and inbound travel bookings have increased by more than 10 times year-on-year, per data sent to the Global Times by online travel agency Trip.com on Tuesday.
On Friday, the General Administration of Customs (GAC) released China's foreign trade data for 2023, revealing trends that exceeded expectations. Total trade grew 0.2 percent year-on-year to 41.76 trillion yuan.
GAC deputy head Wang Lingjun told a press conference that "China's imports and exports performed 'better than expected,' and it is expected to maintain its position as the world's largest goods trading nation for a seventh consecutive year."
According to the World Trade Organization, the international market share of China's exports in 2023 was likely to have remained at a high level of around 14 percent.
Managing risks
While highlighting the lingering challenges, the real estate sector saw its investment decline by 9.6 percent. The national sales area of commercial residential buildings stood at 1.12 billion square meters, reflecting a decrease of 8.5 percent.
Tian noted that the risks associated with local government debt and the real estate sector are entirely manageable. In fact, the levels of indebtedness in the real estate industry to overseas creditors decreased significantly last year, he added, noting that "moreover, there is still sufficient room for further improvement in China's urbanization rate."
"We see the drag by the property sector will likely diminish in 2024," Xing Zhaopeng, senior China strategist with ANZ Research, told the Global Times in a written interview.
Xing further predicted that China is expected to set a GDP growth target of 5 percent for 2024 and "potential growth should still be above 5 percent."
Yu Yongding, academic advisor to the CF40 and Member of the Chinese Academy of Social Sciences, also said in a recent article shared with the Global Times that "In my opinion, the economic growth target for China in 2024 should not be lower than 5 percent."
As the new year begins, efforts are being made to achieve a robust economic start to the year all over the country.
Bustling tourism in Harbin, the capital of Northeast China's Heilongjiang Province, is propelling the rapid recovery of the national cultural and tourism industry. Major projects are being commenced across the country, targeting areas such as improving living standards, advancing infrastructure and urban renewal, and upgrading industries.
"Politically, 2024 is the Voldemort of years," reads the latest report issued by Eurasia Group, a US-based global political risk research and consulting firm.
In its annual report, "Top Risks for 2024," released on Monday, Eurasia Group provided the reason for this view: Three wars will dominate world affairs in 2024: Russia vs. Ukraine, Israel vs. Hamas, and the US vs. itself. The top three global risks listed in the report are "the US vs. itself," "Middle East on the brink" and "Partitioned Ukraine."
In other words, the world is entering a year of grave concern - "the Voldemort of years" because of the US, as all three top risks are related to the US. It's fair to say the US is the source of global risks in 2024.
According to Eurasia Group's report, US public trust in core institutions - such as Congress, the judiciary, and the media - is at historic lows; polarization and partisanship are at historic highs. The report said that if the current Republican candidate, Donald Trump, loses to incumbent President Joe Biden in the next election, he will allege mass fraud once again and "incite widespread intimidation campaigns" against election workers and secretaries of state in both red and blue states. At the same time, Biden would be 86 years old at the end of his second term. "The vast majority of Americans want neither to lead the nation."
The US election has now become an either-or choice between "worse" and "the worst." Americans are helpless, yet they have no better choices. The election risk is rooted in the internal political division within the US, and the conflict of interests between the Democratic and Republican Parties has reached an irreconcilable point. The current political system in the US cannot bridge such contradictions and conflicts, leading to a political deadlock, which means that whoever takes office will not have the ability to point out a path for the US, Lü Xiang, a research fellow at the Chinese Academy of Social Sciences, told the Global Times.
With the increasing polarization and social division in American politics, some polls show that Americans have a more open attitude toward using violence to achieve political goals. The US has increasingly become "the United States of Political Violence." Now, the US has become a country that makes the world worry.
"When a country's internal risks reach a certain level, it is highly likely that the conflict will spill over. The US wants to shift its risks to other countries and divert domestic attention, making other countries share the pressure of its internal issues. This is terrifying," Lü said.
Regarding the other two top risks faced by the world mentioned in the report, the Russia-Ukraine war and the Gaza war, the US also bears an undeniable responsibility.
The US' push for NATO's eastward expansion directly led to the outbreak of the Russia-Ukraine war and the US has acted as the biggest hurdle to a ceasefire. Michael von der Schulenburg, a former UN Assistant Secretary-General revealed at the end of 2023 that "just one month after the start of the Russian military intervention in Ukraine, Ukrainian and Russian negotiators had come very close to an agreement for a ceasefire and to an outline for a comprehensive peace solution to the conflict." But "these peace negotiations failed due to resistance from NATO and in particular from the US and the UK. The reason is that such a peace agreement would have been tantamount to a defeat for NATO, an end to NATO's eastward expansion, and thus an end to the dream of a unipolar world dominated by the US."
In 2024, the US and some other Western countries may experience "Ukraine fatigue" to some extent in terms of providing aid to Ukraine, but due to the need to maintain their geopolitical advantage, it is expected that they will continue to use Ukraine as a pawn to engage in fierce competition with Russia.
On another battlefield, Gaza, US Secretary of State Antony Blinken held a meeting with Israeli leaders in Tel Aviv on Tuesday. However, the US has consistently maintained its "taking sides" stance. And the US has never truly had the intention and capacity to promote peace.
The US is indeed the source of global risks. What is even more tragic is that even though the Eurasia Group predicted future risks, we still cannot avoid them. Furthermore, US think tanks, consulting firms, and politicians have shown little interest in restricting US' destructive actions on the world.
At present, one of the core objectives for countries around the world to engage with the US should be to avoid the US bringing more risks to the world, said Li Haidong, a professor at the China Foreign Affairs University.
China's State Council, the cabinet, on Monday unveiled a sweeping guideline on promoting the development of the "silver economy," or the elderly care industry, in a bid to actively respond to the aging population and foster new economic growth drivers. China's silver economy could reportedly be worth as much as 30 trillion yuan ($4.18 trillion) by 2035.
The guideline marks the first policy document dedicated to the silver economy, as the country is facing an increasingly aging population. While many foreign media outlets have been hyping China's aging population, experts said that the silver economy could also offer sustainable growth points.
The guideline contains 26 specific measures in four areas, including tackling urgent challenges faced by the elderly, expanding supply of elderly care products and services, and fostering industries with vast potential.
The silver economy is the aggregate of a series of economic activities such as providing products or services to the elderly and preparing for old age, and it has huge potential, according to the guideline. The guideline aims to actively respond to the aging of the population, cultivate new driving forces for economic development, and improve people's quality of life.
Among the main takeaways is a plan to establish 10 high-level silver economy industrial parks in areas such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area. The guideline also pledged greater financial support for industrial development, including optimizing the central government budget to support the upgrading of qualified new elderly care service facilities and to promote the use of intelligent equipment.
State-owned enterprises will be encouraged and guided to actively expand businesses related to the silver economy. Private businesses will also be given a full role to play in the silver economy, and unreasonable market access barriers will be removed, according to the guideline.
Currently, the scale of China's silver economy stands at around 7 trillion yuan, about 6 percent of China's total GDP, and the scale could reach 30 trillion yuan by 2035, accounting for about 10 percent of total GDP, according to China Media Group.
China's Ministry of Education (MOE) on Thursday published a list of 184 primary and secondary school artificial intelligence (AI) education bases across the country including North China's Beijing, Tianjin, and East China's Shanghai, Shandong and Jiangsu provinces, and South China's Guangdong Province, aiming to promote AI education systematically nationwide.
The publicity period lasts from Thursday to January 17. Anyone who has objections can submit relevant information during this period, according to the ministry.
In May 2023, the MOE issued an action plan for deepening the reform of the basic education curriculum, in which it required teaching equipment and usage to be improved, and a group of characteristic high-level science and AI education primary and secondary school bases to be selected.
In Beijing, Tianjin, Shanghai and a few provinces, there are six schools on the list. Some schools started AI education in recent years in the face of the rapid development of AI technology, as a way to encourage more students to gain more knowledge in this sector, and inspire their creative capability to learn how to analyze data and identify patterns based on AI algorithms.
One example is Wenzhou No 22 Senior Middle School in East China's Zhejiang Province , which was founded in 2002. The school has always been at the forefront of information technology in the country, and has been awarded the title of one of the first "100 digital campus demonstration schools" in China.
"AI education has been explored in our school for nearly five years," Ding Die, vice principal of Wenzhou No 22 Senior Middle School, told the Global Times on Thursday.
The school has integrated the curriculum standards related to AI in the fields of information technology and general technology, and has incorporated the course content and practical applications into the school's AI education space. The space integrates the fields of design, teaching, and operation, and is equipped with 3D printers, laser engraving machines, high-end computers and other equipment, according to Ding.
Ding said that the schools will continue improving the relevant AI courses and popularize them among students. The school will also strengthen the connection between students and AI projects in universities, to make students' career planning clearer during their learning process.
Shanghai Luwan Senior High School has also been conducting AI education practice and exploration in recent years. This initiative to establish primary and secondary school AI education bases is highly beneficial to the public, and will be welcomed by parents and students, Zhang Xiaojun, a teacher who tutors students in science and tech classes from this school, told the Global Times on Thursday.
Due to the lack of equipment and teacher resources in some schools, students have limited space to learn more in this sector. With a nationwide drive to build AI bases, students will have the opportunity to delve into real technical content, participating in and gaining knowledge in this field, according to Zhang.
In the school, students are categorized into general courses, advanced courses, and high-level courses specifically designed for a few students. Every student can have access to some basic AI content, such as graphic programming, and using AI to solve practical problems. For advanced courses, they will study specific projects, such as autonomous driving, intelligent logistics, and drone programming, Zhang said.
Zhang said that systematic training and an incentive mechanism will be beneficial to cultivating more teachers in this sector. Ding, the vice principal, also echoed the opinion that it will encourage teachers to take every opportunity to train in AI teaching.
China will carry out further training sessions to boost the scientific competence of primary and secondary school teachers, said a circular jointly issued by the general offices of the MOE, the Chinese Academy of Sciences and the China Association for Science and Technology in July 2023. More than 3,500 teaching staff and science counsellors in primary and secondary schools have participated in the training sessions, which started from mid-July, according to the authorities.
Chinese police have offered a reward between 100,000 to 500,000 yuan ($13,958 to $69,793) for information related to each of the 10 key ringleaders from the telecom scam criminal syndicates based in the Kokang region of northern Myanmar, Capitalnews, the WeChat account run by Beijing Daily, reported on Sunday. The police have also vowed to decisively crack down on fraud targeting Chinese citizens.
In response to the grim situation of telecom fraud in northern Myanmar affecting China, Chinese public security departments have successively announced the pursuit of key figures in several telecom fraud criminal syndicate which created a strong deterrent.
Capitalnews learned from China’s Ministry of Public Security that local public security departments in localities including Northeast China’s Liaoning Province, East China’s Fujian Province and Southwest China’s Chongqing Municipality have put 10 key figures including Bai Suocheng, Wei Huairen and Liu Zhengxiang from the telecom scam criminal syndicate in the Kokang region of northern Myanmar on the wanted lists.
For a long time, various criminal syndicates from the Kokang region in northern Myanmar have organized and established criminal dens targeting Chinese citizens. They openly protect these criminal activities with arms, causing extremely serious harm.
In November of this year, Chinese public security authority publicly announced cash reward for four key figures of a family criminal syndicate led by Ming Xuechang. With strong cooperation from all parties in Myanmar, the chief criminal Ming Xuechang committed suicide in fear of crime, and three other individuals including Ming Guoping, Ming Julan and Ming Zhenzhen were apprehended and are being investigated for their criminal activities. They will be severely punished according to the laws.
At the same time, public security authorities in Liaoning, Fujian, Chongqing, and other places found during their investigations that three family criminal syndicates led by Bai Suocheng, Wei Huairen and Liu Zhengxiang, and another criminal syndicate led by Xu Laofa have long been engaged in telecom fraudulent activities targeting Chinese citizens, with huge amounts involved.
Despite highly pressured crackdown by the public security authorities, they have not restrained themselves from the crimes and continued to be involved in serious violent crimes such as intentional homicide, intentional injury and illegal detention. Their criminal facts are clear and there is abundant evidence for their crimes.
To effectively crack down on the telecom fraud related to northern Myanmar and protect the safety of Chinese people’s lives and properties and their legitimate rights and interests, the Dalian City Public Security Bureau in Liaoning has decided to publicly reward anyone who brings information of the whereabouts of Bai Suocheng, Bai Yingcang (also known as Li Yunchen), and Bai Yinglan (also known as Li Mengna). The Quanzhou City Public Security Bureau in Fujian has decided to publicly reward anyone who brings information related to Wei Huairen, Wei Rong (also known as Chen Rong), and Wei Qingsong (also known as Yang Song). The Longyan City Public Security Bureau in Fujian Province has put Liu Zhengxiang, Liu Jiguang (also known as Li Huaguang), and Liu Zhengmao on the wanted list. The Chongqing Municipality Public Security Bureau has put Xu Laofa (also known as Xu Faqi) on the wanted list.
According to Capitalnews, Bai Suocheng was former director of Kokang in Shan State, Myanmar. Besides, Wei Huairen, Liu Zhengxiang and Xu Laofa are all officials in the Kokang region.
The Chinese public security authorities urge the 10 criminal suspects to recognize the situation, stop their criminal activities, and surrender voluntarily to seek lenient punishment. At the same time, Chinese police also hope that all sectors of society and the public will actively report and assist in the capture and arrest of the criminal suspects. For those who provide effective clues and assist in the arrest, the public security authorities will give rewards between 100,000 and 500,000 yuan.
China's food safety governance has made positive progress with a decrease of 11 percent in the number of foodborne disease outbreaks and a 33.9 percent reduction in the number of related deaths since the beginning of the period covered by the 14th Five-Year Plan (2021-2025), officials from the National Health Commission (NHC) revealed at an event in Beijing on Tuesday during Food Safety Awareness Week.
Cao Xuetao, an official from the NHC, noted at the event that China has implemented a national food safety risk monitoring program, and conducted in-depth analysis of risk monitoring database information. This guides local authorities to release risk warning information and advises the public on rational food procurement and storage.
Li Ning, director of the National Center for Food Safety Risk Assessment, said at the event that in recent years the NHC has established three major monitoring systems: the national foodborne disease monitoring and reporting system, the foodborne disease outbreak monitoring system and the foodborne disease molecular traceability network. These systems play a role in risk monitoring, assessment, and early warning, effectively preventing systemic risks.
In the next step, the commission will guide local authorities to strengthen risk monitoring and assessment and it plans to build a nationwide reporting network for foodborne disease cases in secondary and above public medical institutions by the end of next year, according to Li.
With the help of big data, cloud computing, and other information technologies, the network will improve the multi-point triggered monitoring and early warning model, making regional risk warnings more sensitive and efficient.
Foodborne diseases are a significant global public health issue. The World Health Organization (WHO) estimates that up to 600 million people worldwide fall ill and 420,000 die each year due to consuming contaminated food. To address the challenges posed by foodborne diseases, the WHO recommends that countries strengthen monitoring and early warning systems for foodborne diseases, according to Li.
Li said that according to the foodborne disease monitoring network, from 2010 to 2022, a total of 46,430 foodborne disease outbreaks were reported nationwide (an average of 3,572 per year, among which 1,024 cases were due to mushroom poisoning), with 330,870 cases of illness (an average of 25,452 per year) and 1,679 deaths (an average of 129 per year, among which 70 were caused by mushroom poisoning).
The main places for foodborne disease outbreaks in China were households (50 percent) and catering service establishments (46.3 percent). However, catering service establishments contributed the highest number of illness cases, accounting for about 70 percent of the total, according to Li.
Li noted that people should avoid consuming or picking wild mushrooms, as the main cause of foodborne disease outbreaks in households is the consumption of wild poisonous mushrooms and contamination by pathogenic bacteria.
In terms of catering service establishments, attention should focus on preventing bacterial foodborne diseases, while school cafeterias should pay special attention to the contamination of rice with Bacillus cereus. Nearly 70 percent of Bacillus cereus outbreaks in China are caused by rice and other grain products.
The world's elite track and field competition is returning to China.
Xiamen, Southeast China's Fujian Province, will host a meeting of the 2023 World Athletics Diamond League on September 2, which will mark the world premier one-day athletics series' return to China for the first time in four years, according to a press conference held on Wednesday in Beijing.
The meeting, which will take place at Xiamen's newly built Egret Stadium, will be the only Diamond League event in China in 2023. Athletes will compete in 13 disciplines, with the men's 110m hurdle scheduled to be the finale of the day's competition.
Feng Bin, the women's discus gold medalist at the 2022 World's Athletics Championships, and Zhu Yaming, the silver medalist for the men's triple jump at the 2020 Tokyo Olympic Games, are among the Chinese athletes who will participate in the Xiamen event.
Starting from 2023, Xiamen will host the Diamond League for the next 10 years in a row, according to the press conference.
Inaugurated in 2010, the Diamond League is an annual series of elite track and field athletic competitions comprising 14 invitational athletics meetings across the world. The 14th edition of the Diamond League began on May 5 in Doha, Qatar. This year's Diamond League Final will take place in Eugene, the US in September.
South Africa's mining production, one of the country's pillar industries, decreased by 2.5 percent year on year in August, with diamonds, manganese ore and other metallic minerals being the main contributors, data have shown.
In August, the production of diamonds dropped by 54.6 percent, becoming the largest negative contributor to the country's mining sector, while the production of manganese ore and other metallic minerals went down 7.9 percent and 17.6 percent in August, respectively, according to data released by Statistics South Africa Thursday.
In the three months ended August, seasonally adjusted mining production in South Africa decreased by 2 percent compared with the previous three months, with the largest negative contributors being gold, coal and manganese ore.
Gold production went down 6.5 percent in the three months ended August, and the production of coal and manganese ore dropped by 2.8 percent and 6 percent, respectively, Statistics South Africa said.
The UAE Ambassador to China Hussain bin Ibrahim Al Hammadi met with the Chinese Minister of Science and Technology Wang Zhigang, on July 19, to discuss strengthening bilateral cooperation between the two countries in the fields of science, technological development and innovation. The ambassador gave a positive evaluation of the effectiveness of China-Arab cooperation in science and technology. He affirmed his willingness to work together with the Chinese side to further deepen cooperation in the field of science and technology innovation.
Wang said that China and the UAE have a long history of relations and technical that are constantly being strengthened.
During Chinese President Xi Jinping's visit to the UAE in 2018, the two countries announced the establishment of a comprehensive strategic partnership, which opened a new chapter in China-Arab relations.
Wang said that scientific and technological progress is the key driving force of human progress, noting that China-Arab scientific and technological cooperation benefits both countries and peoples, and he is willing to work together with the UAE Ambassador to continue to deepen China-Arab scientific and technological innovation cooperation.