Foreign direct investment in China's high-tech manufacturing sector jumped 10.1 percent year-on-year to 28.27 billion yuan ($3.92 billion) in the first two months, said the Ministry of Commerce.

However, most of the oil and chemical tankers, dual fuel-powered container ships and ore carriers built in the shipyards will not be delivered to domestic shipping and energy companies.

Chen Zhiqing, the mayor of Shaoguan, said the city is also cultivating emerging industries and leveraging scientific and technological innovation.

The Chinese economy has shown strong resilience. China's urbanization, pursuit of low-carbon and green development, and rapid digitization have provided robust intrinsic momentum for its economic development.

Largo Inc. (NASDAQ:LGO) Q4 2023 Earnings Call Transcript

Rio Tinto to further tap opportunities in nation's green transition

With industrialization and urbanization ramping up in the country, China has experienced a significant increase in waste.

Hebei province in North China posted steady foreign trade growth in the first two months of 2024, according to local customs.