[Winning the bid for the urban renewal project in Yuhuan City, Zhejiang Province] On June 2, 2023, the Zhejiang Government Procurement Network released a bidding and winning announcement for the Yuhuan City Organic Renewal Central Business District Project. The project was won by a consortium of 8 units, including China Railway Construction Investment Group and China Railway Construction Investment Fund Management Co., Ltd., with a total investment of 7.438 billion yuan. The project covers an area of approximately 882.01 hectares, ranging from Jingba Road in the east to Waihuan West Road in the west, Wei Er Road in the north, Guangling South Road to Chezhan South Road to Liudao Avenue in the south, as well as the Yuhuan City Quality Improvement Base and Urban Balcony Block. The cooperation content includes: overall planning and services for project development; Investment in the development and consolidation of project land; Investment and construction of infrastructure and public service facilities; Investment and construction of resettlement housing; Smart city construction and urban operation, etc. The actual cooperation content of this project is subject to the preliminary design documents reviewed or filed for each sub project. The cooperation period of this project is 15 years, including a construction period of 5 years and an operation period of 10 years. Editor/Zhao E

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• 2026.05.09 18:15
• [China builds its largest carbon fiber production line]
• On May 8, 2026, the first phase of Sinopec Shanghai Petrochemical's annual production of 30000 tons of large fiber bundle carbon fiber project was put into operation and qualified products were produced, with performance reaching the international advanced level. The completion of two production lines marks the launch of the 48K large fiber bundle carbon fiber production line, which has the largest single line capacity in China. The project has a high localization rate and a record breaking construction speed, and has also established a green electricity and high-end new material circular industry chain, supporting the high-quality development of the carbon fiber industry.Editor/Gong Ziwei

• 2026.05.09 18:08
• [Chinese Ambassador to Türkiye Jiang Xuebin Attends the Istanbul SAHA Defense Airshow]
• On May 7, 2026, Chinese Ambassador to Türkiye Jiang Xuebin was invited to attend the 2026 Istanbul SAHA Defense and Aerospace Exhibition, visited the booths of several Chinese exhibitors and encouraged them to expand overseas markets. During this period, he met with relevant Turkish institutions and business leaders to have in-depth exchanges on defense cooperation between China and Turkey. The exhibition is held every two years and attracts 1763 exhibitors from over 120 countries. The scale of China's 125 participating enterprises ranks first among all overseas countries.Editor/Gong Ziwei