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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
China Media Group (CMG) presented the top 10 business news stories from China and around the world in 2023 on Thursday.
Top 10 China business news stories
1. Industrial innovation
China drove industrial innovation through technological innovation. Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, proposed the acceleration of the formation of new productive forces.
A worker assembles car parts in southeastern China's Fujian Province, June 15, 2023. /CFP
2. Economic growth
China's economic strength reached a new level, with its GDP expected to exceed 126 trillion yuan ($17.8 trillion). It remained the world's largest growth engine, contributing about a third of global economic growth.
A view of the Shanghai skyline, November 25, 2023. /CFP
3. Financial development
China held the Central Financial Work Conference, which outlined plans to accelerate building a financial powerhouse and promoting financial high-quality development.
A view of Beijing Financial Street, October 9, 2023. /CFP
4. Support for private enterprises
China introduced a series of policy measures to promote the development of private enterprises by optimizing the business environment, strengthening support, and consolidating legal guarantees.
Workers operate machinery in a textile company in east China's Jiangsu Province, October 11, 2023. /CFP
5. Grain output
China's annual grain output set a new record, remaining above 1.3 trillion jin (780 billion kilograms) for nine consecutive years.
Farmers harvest rice in east China's Zhejiang Province, October 15, 2023. /CFP
6. Automobile exports
China's automobile exports surged and are expected to exceed 5 million units, making it the world's largest automobile exporter for the first time.
Cars await overseas shipment in east China's Jiangsu Province, December 13, 2023. /CFP
7. Energy development
Shendi-1 obtained high-yield oil and gas flow. China's first independently developed ultra-deepwater gas field Shenhai-1 completed drilling operations.
A file photo of Shenhai-1 off the coast of south China's Hainan Province. /CFP
8. Cruise ship delivery
The first domestically produced large cruise ship was named and delivered, completing China's "three pearls" of the shipbuilding industry: aircraft carriers, large liquefied natural gas carriers, and large cruise ships.
A file photo of Adora Magic City. /CFP
9. C919 commercial flight
The domestically produced large passenger aircraft C919 completed its first commercial flight. Global orders have exceeded 1,000 and the domestically produced large aircraft has opened up a new trillion-dollar market.
A C919 aircraft lands in Shanghai, December 9, 2023. /CFP
10. Capital market reform
Full implementation of the Stock Issuance Registration System was formally carried out, and the basic system of China's capital market was further improved.
A view of the Shanghai Stock Exchange, November 17, 2023. /CFP
Top 10 international business news stories
1. China held the Belt and Road Forum
China successfully held the third Belt and Road Forum for International Cooperation and released eight major steps the country will take to support high-quality Belt and Road cooperation.
A decoration for the third Belt and Road Forum in Beijing, October 18, 2023. /CFP
2. President Xi attended the 30th APEC Economic Leaders' Meeting
Chinese President Xi Jinping attended the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting and delivered a written speech at the APEC CEO Summit, stating that the "next China" is still China!
Screens display the APEC 2023 logo during the APEC Economic Leaders' Meeting at the Moscone Center, California, U.S., November 11, 2023. /CFP
3. Artificial intelligence advancement
The field of artificial intelligence experienced a new wave of development, with large language models becoming increasingly prevalent and their capabilities rapidly advancing.
Participants visit a technology summit in east China's Zhejiang Province, October 31, 2023. /CFP
4. Palestine-Israel conflict
The escalation of the Palestine-Israel conflict resulted in significant casualties and economic repercussions for numerous countries.
An aerial view shows damaged buildings in the northern Gaza Strip, December 26, 2023. /CFP
5. U.S. Federal Reserve rate hike
The Federal Reserve aggressively raised interest rates, exacerbating concerns about the sustainability of U.S. debt and dampening global economic growth.
The Federal Reserve building in Washington, DC, U.S., March 13, 2023. /CFP
6. High-speed rail in Indonesia
The Jakarta-Bandung high-speed railway officially opened. This feat was achieved with the help of Chinese technology, bringing Indonesia into the era of high-speed rail travel.
Visitors gather on a platform beside the Jakarta-Bandung high-speed train in Bandung, West Java, September 17, 2023. /CFP
7. RCEP free trade agreement
The Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement, officially came into effect for all 15 member countries. This landmark agreement is set to inject significant momentum into regional economic integration.
The Port of Qingdao in east China's Shandong Province, November 14, 2023. /CFP
8. Fukushima fallout
The Japanese government's decision to discharge treated radioactive wastewater from the crippled Fukushima nuclear power plant into the Pacific Ocean sparked strong international condemnation.
An aerial photo shows Fukushima No. 1 nuclear power plant in Okuma, Fukushima Prefecture, May 31, 2023. /CFP
9. Changing financial landscape
The financial landscape witnessed the dramatic fall of two major players: Silicon Valley Bank in the U.S. and Credit Suisse in Europe. These events raised concerns about the stability of the banking systems in both regions.
Security guards let individuals enter the Silicon Valley Bank's headquarters in Santa Clara, California, March 13, 2023. /CFP
10. Surging gold prices
As risk aversion continued to rise in the face of economic uncertainty, central banks around the world turned to gold as a safe haven asset. This increased demand pushed international gold prices to record highs.
Gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, December 22, 2023. /CFP