East China's Zhejiang Province has been actively promoting the development of the new energy manufacturing sector since the beginning of this year, in line with China's increasing emphasis on clean energy within its industrial sector.
Zhejiang has swiftly introduced key projects across the new energy manufacturing industrial chain since the year's onset. Employing a case-by-case approach, the province is fostering the clustering of production plants within various industrial platforms.
In the initial two months of the year, Zhejiang's equipment manufacturing industry achieved a remarkable added-value industrial output of 140.9 billion yuan (about 19 billion U.S. dollars), marking a significant 12.9 percent year-on-year increase. Notably, enterprises above a designated size in the new energy equipment sector contributed 7.4 percent to Zhejiang's equipment manufacturing output, emerging as a crucial driver for the region's manufacturing industry's high-quality development.
Among Zhejiang's prominent players in the new energy sector is Goldwind Science and Technology Co. Ltd, situated in Wenzhou City. As China's largest wind power equipment manufacturing base, the company recently delivered an export order for a 4.5-megawatt wind turbine to Pakistan, which marks the base's first export order since commencing production last year.
"This product is technologically unique as it operates with a direct drive, making it an optimal operational choice in Pakistan with its high-temperatures and diverse environmental conditions," said Xiong Bozeng, general manager of the Goldwind Science and Technology Co. Ltd.
Zhejiang's efforts in new energy manufacturing are yielding tangible results, as evidenced by Goldwind's successful export venture. These initiatives have shown the province's commitment to advancing clean energy development and contributing to the broader goals of sustainable industrial growth.
Zhejiang sees notable successes in clean energy manufacturing
China's service outsourcing industry saw robust expansion in the first four months of this year, the Ministry of Commerce said on Tuesday.
Chinese firms inked services outsourcing contracts worth a total of some 781.43 billion yuan (about 110 billion U.S. dollars) in the four-month period, up 14.4 percent year on year, according to the ministry.
The executed contract value stood at 520.51 billion yuan, a year-on-year increase of 12.9 percent.
Of the total, the value of offshore service outsourcing contracts rose 8.6 percent year on year to 419.04 billion yuan.
Specifically, the value of offshore information technology outsourcing (ITO) services provided by Chinese companies jumped by 10.9 percent from a year earlier.
China's Hong Kong Special Administrative Region, the United States and the European Union ranked the top three markets in terms of the fulfilled contract value of offshore outsourcing service, accounting for 54 percent of the total.
Chinese firms undertook nearly 80 billion yuan(about 14.93 billion U.S. dollars) worth of offshore service outsourcing contracts that were fulfilled with countries participating in the Belt and Road Initiative, up 24 percent from a year ago, while the offshore outsourcing services for Regional Comprehensive Economic Partnership (RCEP) member countries totaled 73.26 billion yuan, up 16.6 percent year on year.
Outsourcing refers to hiring an outside party to carry out services or produce goods typically undertaken by in-house employees. In China, service outsourcing is typically divided into three sectors: information technology outsourcing, business process outsourcing and knowledge process outsourcing.
In the January-April period, the service outsourcing industry welcomed about 301,000 new hires, with 84.7 percent of these individuals holding a bachelor's degree or above. The sector had over 16.17 million employees at the end of April, among whom some 10.56 million were graduates with a bachelor's degree or higher.
China's service outsourcing industry reports robust expansion
