Skip to Content Facebook Feature Image

China completes largest bus order for export to Kyrgyzstan

China

China

China

China completes largest bus order for export to Kyrgyzstan

2024-06-14 17:02 Last Updated At:20:27

⁠⁠⁠⁠⁠⁠⁠A total of 30 new energy buses departed from the Torugart port in northwest China's Xinjiang Uygur Autonomous Region and headed towards the capital city of Kyrgyzstan, Bishkek, on Thursday, marking the final batch of buses delivered for China's largest bus order exported to Kyrgyzstan.

In May 2023, President of Kyrgyzstan Sadyr Japarov placed an order with Chinese companies for 1,000 new energy buses during the China-Central Asia Summit held in Xi'an, Shaanxi Province.

The buses are expected to replace the existing fuel-based public buses in Kyrgyzstan, aiming to address urban traffic pollution.

In order to ensure the efficient and smooth export of the buses, customs officers at the Torugart port established a work group to improve the clearance efficiency.

"Since August last year, the new energy buses have been delivered in batches for 10 months. The customs office of Torugart maintains regular communication and contact with the bus export agents. A 7*14-hour clearance process was adopted to ensure the fast and smooth customs clearance for each batch," said Ma Haiyang, a customs officer.

China completes largest bus order for export to Kyrgyzstan

China completes largest bus order for export to Kyrgyzstan

Next Article

China's sci-tech innovation board celebrates five years of opening

2024-07-22 20:24 Last Updated At:20:37

The Shanghai Stock Exchange's sci-tech innovation board has grown to be a preferred place for hardcore tech companies in China to go public five years after its establishment.

The Science and Technology Innovation Board market of the Shanghai Stock Exchange, also known as the STAR market, has nurtured more than 570 hardcore tech companies, with a total market capitalization exceeding five trillion yuan (about 690 billion U.S. dollars) as of Friday.

Among them, more than 130 listed companies have a market capitalization of more than 10 billion yuan, and four listed companies have a market capitalization of more than 100 billion yuan.

By industries, the listed companies on the STAR market are concentrated in such sectors as electronics, biopharmaceuticals, power equipment, machinery equipment, and computers, covering multiple industry chains including integrated circuits, biopharmaceuticals, new energy, and new materials.

This shows that the STAR market has grown with stronger industrial cluster effect and demonstration effect.

"In the past few years, electronics, pharmaceuticals, and machinery are industries with the most increase in the number of companies listed on the STAR market. This change reflects the country's strong support for sci-tech innovation and the positive effect of opening financing channels for 'hardcore' companies aiming to break through key core technologies," said Zhang Gang, chief investment adviser of Southwest Securities.

A high level of research and development investment and a growth of such investment over consecutive years have been main features of the listed companies on the STAR market, which started to trade on July 22, 2019.

Data shows that in 2023, the research and development investment of companies traded in the STAR market exceeded 150 billion yuan, a year-on-year growth of over 14 percent.

Since its launch, the average research and development intensity of listed companies on the STAR market has remained above 10 percent, and over 80 companies have maintained a research and development intensity exceeding 20 percent for three consecutive years.

The large research and development investment has led to more technological breakthroughs.

Among the listed companies on the STAR market, over 340 companies are nationally recognized "little giant"enterprises, 50 manufacturing champions of individual industry, and 40 manufacturing champions of individual products.

"The STAR market, with its focus on supporting hardcore sci-tech companies, has gradually become a new pivot for promoting sci-tech innovation and accelerating the development of new quality productive forces. Companies listed on the STAR market that receive capital support are continuously focusing on key areas to accelerate sci-tech breakthroughs. There have been numerous achievements in areas of new energy, new materials, and high-end equipment manufacturing. These advancements provide solid technological guarantee for further promoting new industrialization and strengthening advanced manufacturing clusters in the future," said Tian Lihui, director of the Institute of Finance and Development of Nankai University.

China's sci-tech innovation board celebrates five years of opening

China's sci-tech innovation board celebrates five years of opening

Recommended Articles