China Media Group (CMG) presented the top 10 business news stories from China in 2022 on Sunday. 

1. The 20th National Congress of the Communist Party of China (CPC)

The 20th National Congress of the CPC was held in October, at which China announced a new task to build a modern socialist country in all respects under the rule of law.

2. Economic output

With China aligning its anti-COVID-19 policy with economic development, the country's economic output is likely to exceed 120 trillion yuan ($17.23 trillion) in 2022.

3. Winter Olympics

The 2022 Beijing Winter Olympics attracted hundreds of millions of viewers, resulting in an economic boom for the ice-snow sports industry.

4. Grain harvest

For the eighth consecutive year, China reaped a grain harvest of over 650 billion kg, securing food security for its citizens who "hold their rice bowls firmly in their own hands."

5. Energy output

China's coal output reached an all-time high in 2022. Meanwhile, its crude oil output is expected to exceed 200 million tonnes. China's installed renewable generation capacity also grew rapidly, providing strong support for economic and social development.

6. Foreign trade

China's trade grew steadily, providing support for economic recovery.

7. Aviation industry progress

China successfully completed the construction of its space station. The C919, the country's first self-developed jetliner, was also delivered to airlines.

8. Clean power

Baihetan hydropower station, the world's second-largest in terms of total installed capacity, was put into operation in December, contributing to the country's green development and carbon-neutrality goals. The project marked the completion of the world's largest clean energy corridor connecting the resource-rich west with the energy-consuming east via six mega hydropower stations on the Yangtze River.

9. National platform for medical insurance information

China completed a unified national platform for medical insurance information, covering a population of 1.4 billion people.

10. Digital infrastructure

China constructed the world's largest mobile broadband and fiber optic network.

(Cover photo via CFP)