China

让中国大市场成为世界大机遇——第八届中国国际进口博览会将举办

Guangming Daily | Local Language | News | Oct. 30, 2025 | UndeterminedTrade Issues and Numbers

The 8th China International Import Expo (CIIE) is scheduled to be held, focusing on turning China's large market into a significant global opportunity. The event aims to enhance international trade and economic cooperation by providing a platform for global companies to access the Chinese market.

The expo will feature a wide range of products and services from various industries, promoting imports and encouraging foreign businesses to participate in China’s economic growth. It is expected to attract numerous international exhibitors and buyers, highlighting China’s commitment to opening up its market further.

China Daily | English | News | Oct. 30, 2025 | UndeterminedBizdev-Partnering

Sany Heavy Industry has been listed on the main board of the Hong Kong Stock Exchange, marking a significant move in its globalization strategy. This follows its earlier listing on the Shanghai Stock Exchange in July 2003, creating a dual listing on both the A-share and H-share markets.

The company offered approximately 632 million H-shares at HK$21.30 each, with a 15 percent over-allotment option. The initial public offering attracted 21 cornerstone investors, including Temasek, BlackRock Inc, Infore Capital, and Hillhouse Group, who subscribed to a total of $759 million. The share price rose 2.82 percent to HK$21.90 by the close of trading.

From 2020 to 2024, Sany Heavy Industry ranked third worldwide and first in China in cumulative revenue for core construction machinery products. During this period, it also led global sales for excavators and concrete machinery. The company achieved a 15.2 percent compound annual growth rate in overseas revenues from 2022 to 2024.

Industry experts view the Hong Kong listing as a key step that broadens Sany’s international financing channels and supports its strategies in globalization, technological innovation, capacity expansion, and market development, leveraging Hong Kong's status as a major financial hub.

受权发布丨中共中央关于制定国民经济和社会发展第十五个五年规划的建议

Xinhua | Local Language | News | Oct. 30, 2025 | UndeterminedEconomic Growth

The CPC Central Committee, led by Xi Jinping, adopted recommendations on October 23, 2025, for China’s 15th Five-Year Plan, marking a critical phase toward achieving socialist modernization by 2035. Building on significant achievements during the 14th Five-Year Plan, the new plan addresses complex domestic and international dynamics including geopolitical tensions, economic transition challenges, and demographic shifts. It emphasizes consolidating development advantages, overcoming bottlenecks, and securing strategic breakthroughs in Chinese-style modernization amid rising global competition and risks.

Guided by Marxist principles and Xi Jinping Thought, the plan focuses on high-quality, innovation-driven economic growth centered on the real economy, with key goals including enhanced technological self-reliance, reform deepening, social civility improvement, environmental sustainability, and expanded national security capabilities. It outlines priorities such as modernizing industry through digital and green transformation, accelerating education and talent development, boosting domestic consumption and investment, and creating an integrated national market. The plan highlights the importance of comprehensive Party leadership, social fairness, and a people-centered approach to ensure equitable prosperity.

Key sectors targeted include the development of new and emerging industries like quantum technology and bio-manufacturing, expansion of services, infrastructure modernization, and fostering a digital economy with AI leadership. Environmental goals include achieving carbon peaking, building a clean energy system, and promoting green production and lifestyles. Social objectives cover employment, income distribution reform, education expansion, healthcare improvements, social security enhancements, and housing quality upgrades.

The plan stresses strengthening national defense modernization, fighting corruption, rule-of-law governance, and expanding high-level opening-up through trade, investment, and the Belt and Road Initiative. It also prioritizes rural revitalization, coordinated regional development, cultural prosperity, social governance modernization, and advancing peaceful cross-Strait relations and international cooperation. The document calls for nationwide unity under the Party’s leadership to realize these goals and further China's global influence while promoting common prosperity and ecological civilization.