In the first 10 months of the year, the added value of China's machinery industry increased by 5.5 percent year on year, according to data from the China Machinery Industry Federation, the sponsor of the ongoing 2024 Equipment Manufacturing Forum in Chongqing Municipality.
The newly-released data showed stable production and sales of machinery products, with the whole sector witnessing steady growth momentum.
Among the 122 types of machinery products monitored by the federation, 72 registered an increase in output, taking up 59 percent of the total, which was better than the previous year overall.
In terms of investment, fixed asset investment in general equipment, special equipment, and automobile industries in the national economy all achieved year-on-year growth. With respect to foreign trade, the export value of machinery goods in the first 10 months was 710.77 billion U.S. dollars, a year-on-year increase of 9.4 percent, accounting for 24.3 percent of the country's total goods exports.
Added value of China's machinery industry up 5.5 pct
The United States cannot legitimize an operation that attacked Venezuela and captured its president, a Chinese scholar said Sunday.
On Saturday, the United States launched a large-scale strike on Venezuela, during which Venezuelan President Nicolas Maduro and his wife were 'captured and flown out of Venezuela' according to a post by U.S. President Donald Trump on his Truth Social account.
Teng Jianqun, director of the Center for Diplomatic Studies at Hunan Normal University, said in an interview with China Global Television Network (CGTN) that the aim of this operation is to take full control of Venezuela’s natural resources.
"I don't think the United States can legitimize this operation to take custody of the president of Venezuela. And also I don't think the United States can legitimize its any action in taking the oil reserves of that country. This is actually a very dangerous game played by the Trump administration. And of course, the United States would like to take full control of that country and to take full control of the natural resources, especially the large reserve of oil in Venezuela," said Teng.
Teng said Venezuela is not an isolated case but a common practice by the United States. The United States launched an invasion of Panama on Dec. 20, 1989, which continued until January 1990, with the stated objective of capturing Panamanian strongman Manuel Noriega on charges of drug trafficking and organized crime.
"We still remember the so-called sentence of the former president of Panama in the late 1980s. And this time, the president of Venezuela will be under some judicial condition (judicial proceedings) for the so-called drug trafficking and some other crimes. So I think this is not a single case for the Venezuela country, but also this is actually a practice by the United States -- to use force, to use so-called justice under law against any leaders in Latin America and the Caribbean waters," he said.
US cannot legitimize operation against Venezuela: Chinese scholar
