China's electronic industry maintains sustained growth: report

China's electronic industry has experienced rapid growth in recent years, along with a notable increase in the resilience of its supply chain, according to a report released by the China Federation of Logistics and Purchasing on Thursday.

The development report of China's electronic industry supply chain was released at the Third Electronic Industry Supply Chain Ecosystem Conference, which is held from Wednesday to Friday in Shenzhen City.

According to the report, China's electronic industry continues to thrive, fueled by rapid market growth and national stimulus policies.

In 2024, the market size of the electronic information manufacturing sector was around 21.59 trillion yuan (about 3.01 trillion U.S. dollars), with a year-on-year growth of 6.1 percent.

The swift advancement of information technology and digitalization is driving strong demand for consumer electronics and automotive electronics.

Additionally, as artificial intelligence applications rolled out more quickly, the adoption of AI smartphones and AI computers increased significantly, providing new growth momentum for the sector.

In 2024, there were around 42,000 companies in China's electronic information manufacturing sector, representing a growth of about 9 percent from the previous year. Most of these businesses are located in the Yangtze River Delta and Pearl River Delta regions, which together make up more than 60 percent of the total.

In the first half of this year, China's electronic industry maintained steady growth. The revenue from the electronic information manufacturing sector above the designated size reached 8.04 trillion yuan (about 1.12 trillion U.S. dollars), marking a year-on-year increase of 9.4 percent.

"In the journey of driving high-quality national economic development through innovation, the electronic industry is becoming increasingly vital. To enhance its efficiency and resilience, the industry should foster better collaboration between upstream and downstream partners, ultimately supporting the high-quality development of our nation," said Hu Dajian, vice president of China Federation of Logistics and Purchasing.

China's electronic industry maintains sustained growth: report

China attaches great importance to the development of China-Singapore relations, and is willing to maintain the momentum of high-level exchanges, promote practical cooperation in various fields, and enhance people-to-people exchanges with Singapore, Chinese Foreign Minister Wang Yi said on Monday.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when holding talks with Singaporean Foreign Minister Vivian Balakrishnan in Beijing.

Noting that over the past year, under the strategic guidance of leaders of the two countries and joint efforts of both sides, the all-round high-quality and future-oriented partnership between China and Singapore has maintained a good momentum, Wang urged the two countries to continue to enhance strategic communication, increase mutual trust, jointly address the ever-emerging global challenges at present, and safeguard the overall situation of regional peace and stability.

Wang said that maintaining the security of global industrial and supply chains and the smooth flow of maritime navigation is in the common interests of the international community, and China is willing to continue to make efforts to this end.

Noting that Singapore is an important ASEAN member and will assume ASEAN's rotating presidency next year, Wang said China expects the Singaporean side to continue playing an active role in promoting China-ASEAN cooperation.

Balakrishnan said Singapore highly values its relations with China, adheres to the one-China policy, and firmly opposes "Taiwan independence."

Singapore is willing to maintain close high-level exchanges with China, promote practical cooperation in various fields, carry out key cooperation projects of both sides, and promote regional connectivity, he said.

Singapore is ready to promote greater progress in ASEAN-China comprehensive strategic partnership, support the Global Development Initiative, and uphold multilateralism and free trade, and is willing to work with China to make joint efforts in promoting world peace, development and prosperity, he added.

China ready to promote practical cooperation with Singapore: Chinese FM