China's electronic information manufacturing sector has maintained rapid growth his year, with improved profitability and progress in industrial upgrading, an official with the Ministry of Industry and Information Technology (MIIT) said on Monday.
At a press conference in Beijing, Tao Qing, director of the Bureau of Operation Monitoring and Coordination of the MIIT, noted the sector has recorded double-digit growth, realizing a strong start of the 15th Five-Year Plan (2026–2030) period.
"Value-added output and business revenue of computers, communications and other electronic equipment manufacturers above designated size recorded double-digit growth. In the first half of the year, production rose 14.8 percent year on year and investment increased by 6.5 percent. In the first five months, business revenue exceeded 7.5 trillion yuan (about 1.1 trillion U.S. dollars), up 17.1 percent year on year, while profits topped 420 billion yuan, doubling from the same period last year," said Tao, who is also spokeswoman for the MIIT.
Tao also noted that the industry has seen a wave of innovations applied in technologies and products in the first half of the year, as a number of artificial intelligence companies, leveraging flexible market mechanisms and a well-developed supply chain, launched new consumer products including AI-powered musical instruments, AI cameras and AI earphones, enriching market options.
New progress has also been made in research and development on Beidou independent positioning chips, with the range of Beidou-related products continuing to broaden and shipments rising quickly, according to Tao.
She then said the ministry will speed up the cultivation of new growth drivers, such as photonics and spatiotemporal information, to build new momentum and competitive advantages for the sector.
Official reports rapid growth in China’s electronic information manufacturing
Iranian President Masoud Pezeshkian said on Monday that his country is engaged in a "full-scale war" with the United States, stressing the importance of maintaining economic stability during wartime.
"Today's war is not a war of merely missiles. The enemy has come to the conclusion that it cannot force the Iranian nation to surrender with military strikes," Pezeshkian said at a meeting of the High Council of the Judiciary in Tehran, according to a statement published on the website of his office.
He said that the "enemy" has waged a "hybrid war" against Iran, describing the economy and the people's livelihood as the most important areas of confrontation with the "enemy," and highlighting the necessity to maintain economic stability and protect social assets as two priorities of "the system of governance during wartime."
Pezeshkian added that his government "fully protected" Iran's national rights and interests in negotiations with the United States, including in the memorandum of understanding (MoU) signed on June 18.
Iran has received proposals from mediators, Foreign Ministry spokesman Esmaeil Baghaei said on Monday, amid continued tit-for-tat strikes between Iran and the United States.
Baghaei made the remarks at a weekly press conference in Tehran without giving details, when asked whether he could confirm reports about new proposals by Qatar for the revival of U.S.-Iran negotiations and a 10-day ceasefire.
Baghaei stressed that Iran's diplomatic apparatus remains active alongside its military responses to U.S. attacks, while condemning recent U.S. strikes against civilian infrastructure, including bridges and medical centers, as violating "people's rights to life, security and human dignity."
On the peace memorandum of understanding signed with Washington on June 18, he said the agreement's "text is completely clear," and Washington has no pretext to breach its promises under it.
He said Tehran adhered to a "commitment for commitment" principle until Washington repeatedly violated its commitments, prompting Tehran to cease its own obligations.
On the Strait of Hormuz, he affirmed Iran's resolve to exercise its sovereignty over the waterway and prevent any "misuse" against its interests.
The United States has launched multiple strikes on Iran's southern provinces over the past week, saying they were aimed at "degrading Iran's ability to threaten commercial shipping."
Iran has responded with waves of missile and drone attacks targeting U.S. military bases and facilities in regional countries, including Kuwait, Bahrain, and Jordan.
The escalation comes as the two sides, under their MoU, were scheduled to hold negotiations within a 60-day period to reach a final agreement.
Iranian president says his country in "full-scale war" with U.S.
