[In 2022, China's foreign contracted projects will turnover of 1 trillion yuan]Recently, the State Council Information Office held a press conference. At the meeting, Vice Minister of Commerce Guo Tingting introduced that in 2022, foreign non-financial direct investment will be 785.94 billion yuan, an increase of 7.2%. Among them, investment in countries along the Belt and Road increased by 7.7%, accounting for 17.9%. Foreign contracted projects developed steadily, with a turnover of 1.0 trillion yuan, an increase of 4.3%, and 59 new projects with a contract value of more than 50 million US dollars compared with 2021. Editor/Xu Shengpeng
On May 10, 2026, China's first intelligent production line for deepwater oil and gas equipment process pipelines was completed at the Zhuhai Deepwater Equipment Manufacturing Base of CNOOC Engineering and entered the commissioning stage. The innovative application of China's first fusion technology in this production line is of great significance for promoting the intelligent manufacturing of deepwater marine oil and gas equipment in China.Editor/Gong Ziwei
On May 9, 2026, a press conference was held to launch the 15th Five Year Plan for Xinjiang. It was revealed that during the 15th Five Year Plan period, Xinjiang will rely on its advantages in green electricity to promote industrial transformation and upgrading: undertake the transfer of industries from outside Xinjiang, expand the advantages of equipment such as power transmission and transformation, and new energy, cultivate the manufacturing industry chain of new energy storage and other characteristic equipment, and focus on fields such as artificial intelligence to build a future industrial layout with complementary characteristics.Editor/Gong Ziwei