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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.
The 20th CPC National Congress opens at the Great Hall of the People in Beijing, capital of China, October 16, 2022. /CFP
The 20th CPC National Congress opens at the Great Hall of the People in Beijing, capital of China, October 16, 2022. /CFP
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.
A worker makes photovoltaic panels at a plant in east China’s Jiangsu Province, November 2, 2022. /CFP
A worker makes photovoltaic panels at a plant in east China’s Jiangsu Province, November 2, 2022. /CFP
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.
Kids skating on an ice rink in Beijing, China, December 1, 2022. /CFP
Kids skating on an ice rink in Beijing, China, December 1, 2022. /CFP
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.”
Rice fields in Jinhua, Zhejiang Province, China, November 6, 2022. /CFP
Rice fields in Jinhua, Zhejiang Province, China, November 6, 2022. /CFP
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.
A coal yard in Rizhao City, east China’s Shandong Province, September 2, 2022. /CFP
A coal yard in Rizhao City, east China’s Shandong Province, September 2, 2022. /CFP
6. Foreign trade
China’s trade grew steadily, providing support for economic recovery.
Containers at a port in Taicang, Jiangsu Province, China, November 6, 2022. /CFP
Containers at a port in Taicang, Jiangsu Province, China, November 6, 2022. /CFP
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.
Chinese scientists work on a key component of China Space Station. /CMG
Chinese scientists work on a key component of China Space Station. /CMG
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.
An aerial view of Baihetan hydropower station, southwest China’s Yunnan Province, May 20, 2022. /CFP
An aerial view of Baihetan hydropower station, southwest China’s Yunnan Province, May 20, 2022. /CFP
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.
People visit a hospital in Jinhua City in east China’s Zhejiang Province, December 5, 2022. /CFP
People visit a hospital in Jinhua City in east China’s Zhejiang Province, December 5, 2022. /CFP
10. Digital infrastructure
China constructed the world’s largest mobile broadband and fiber optic network.
A 5G base station in Qingdao, Shandong Province, May 30, 2020. /CFP
A 5G base station in Qingdao, Shandong Province, May 30, 2020. /CFP
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