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Xi calls for stronger manufacturing industry to advance Chinese modernization

China

China

China

Xi calls for stronger manufacturing industry to advance Chinese modernization

2025-05-20 20:19 Last Updated At:22:07

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee, has called for continuous efforts to build the manufacturing industry stronger to advance Chinese modernization.

Xi made the remarks during his inspection tour in a bearing producer in Luoyang City, central China's Henan Province, on Monday afternoon.

The predecessor of the producer, Luoyang Bearing Group Co., Ltd., was a factory established during China's inaugural five-year plan period (1953-1957). The five-year plan laid the industrial foundation via concentrated efforts to build New China's first steel production base and first auto manufacturer.

Xi visited the company's intelligent manufacturing plant to learn about the performance and applications of various types of bearing products. He inspected the intelligent production lines and had an amiable conversation with the workers.

It is imperative to maintain a robust and reasonable share of the manufacturing, a key pillar of the national economy, in the process of advancing Chinese modernization, Xi said.

Modern manufacturing relies on sci-tech empowerment, Xi said, while calling for greater efforts in the quest for core technological breakthroughs and pursuit of a path of independent innovation.

"To realize Chinese modernization, we must continue to strengthen the manufacturing sector and master manufacturing technologies independently. Our hope rests on you," Xi said.

The firm has invested heavily in scientific and technological research and made significant progress in industrial upgrading in recent years. Its wind turbine main bearings now hold over 40 percent of the domestic market share.

During the inspection tour in Luoyang, Xi also visited the White Horse Temple and the Longmen Grottoes.

Xi calls for stronger manufacturing industry to advance Chinese modernization

Xi calls for stronger manufacturing industry to advance Chinese modernization

Xi calls for stronger manufacturing industry to advance Chinese modernization

Xi calls for stronger manufacturing industry to advance Chinese modernization

The U.S. share of global GDP under President Donald Trump has fallen to its lowest level since 1980, Russian news agency RIA Novosti reported on Saturday.

RIA Novosti said data from the World Bank and the International Monetary Fund show that U.S. purchasing power parity sank to 14.65 percent last year.

That's compared to an average of 14.93 percent during former President Joe Biden's four years in office.

U.S. share of global economy hits lowest point since 1980: Russian media

U.S. share of global economy hits lowest point since 1980: Russian media

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