China's light industry reported increased revenues and profits in the first 11 months of 2024, according to official data.
In the January-November period, the total operating revenue of light industrial enterprises above the designated size in China -- firms with annual business revenues of at least 20 million yuan -- reached 20.6 trillion yuan (approximately 2.81 trillion U.S. dollars), marking a 1.4-percent increase year on year, according to the China National Light Industry Council.
These companies earned 1.32 trillion yuan (approximately 180.31 billion U.S. dollars) in profits during the same period, marking a 9.1-percent increase compared to the previous year.
Data also showed that the added value of light industrial firms grew by 4.8 percent during the period from the previous year.
Among the 91 major light industrial products tracked by the National Bureau of Statistics, the output of 58 products recorded growth. Notably, industries such as paper-making, batteries, and bicycles maintained double-digit profit growth.
Exports in the sector reached 837.34 billion U.S. dollars, up 3.3 percent year over year.
China's light industry reports revenue, profit growth in first 11 months of 2024
China's light industry reports revenue, profit growth in first 11 months of 2024
More than 20 students from Ivy League universities in the United States visited China's Southwest Jiaotong University in on Tuesday, where they got a first-hand look at a fast-moving technological innovation that could power future transportation.
The students paid a visit to a special demonstration lab in Chengdu, the capital of southwest China's Sichuan Province, where they explored the world’s first high-temperature superconducting magnetic levitation prototype and test line, taking part in some fun hands-on experiments and even enjoying a brief trial ride.
Experts say the system could exceed speeds of 600 kilometers per hour, helping to further narrow the gap between high-speed rail and air travel.
The students' visit came as part of a week-long language and cultural exchange program, giving the young participants the chance to experience daily life in Chengdu while learning more about China.
The exchange event comes at a momentous time for China-U.S. relations, with U.S. President Donald Trump on Friday wrapping up a three-day state visit to China at the invitation of Chinese President Xi Jinping, which marked the first such trip by a U.S. president in nine years.
The students taking part in the Chengdu activity said exchanges like the one they have embarked on can help deepen trust and expand cooperation between the U.S. and China.
"The positive signals I am hoping to see is that right now I see China and the United States as two powerful and very important countries in this world. But they also both have a lot of potential, and I think that if they work together, they can make some tremendous change across the world," said Alex Davenport, a student from Mount Holyoke College.
"America and China are two of the largest superpowers in the world right now, and I think politically and culturally it’s really great to communicate with one another," said Caroline Ewald, a student at the University of Pittsburgh.
Others are hoping that Trump's landmark visit will also help improve ties.
"That's probably the biggest thing I am look for is try to cool down the trade stuff that's going on in the U.S.," said McKenna Lundy, a student from the University of Michigan.
China is seen as a world leader in maglev technology. Last December, the country's Hubei East Lake Laboratory announced a groundbreaking achievement, with its test line accelerating a 1.1-tonne model train to an astonishing 800 kilometers per hour in just 5.3 seconds -- a milestone in electromagnetic propulsion research.
The technology is also proving its worth at more manageable speeds, with a restaurant in the southern Chinese tech hub of Shenzhen going viral earlier this year after it used magnetic levitation to serve food, with plates seen floating along tracks to arrive smoothly in front of each diner.
US students get taste of high-speed technology with visit to top maglev lab in Sichuan
