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(TWO SESSIONS)CHINA-ECONOMY-NEW ECONOMY TARGET (CN)

(190305) -- BEIJING, March 5, 2019 () -- Aerial photo taken on Feb. 15, 2019 shows the COSCO Shipping Pisces, one of the world's largest container ships with a capacity of 20,000 TEU, approaching Piraeus port, Greece. For many years, growth figure has been the most buzzed-about subject regarding the Chinese economy. .Probably because of the "miracle" the Asian giant made with an average gross domestic product (GDP) growth of 9.5 percent in the past 40 years, far exceeding the 2.9-percent global economic growth in the same period. .However, one should not make a fetish of the growth rate. Also, economic slowdown is not necessarily a siren, not to mention a drag on the global growth. .China sets the 2019 GDP growth target at 6-6.5 percent, Chinese Premier Li Keqiang said in his government work report on Tuesday at the opening of the second session of the 13th National People's Congress (NPC), China's top legislative body. .Though slowing down, China's economy still grew at a medium-high rate, expanding to over 90 trillion yuan (13.3 trillion U.S. dollars) in 2018, an impressive accomplishment amid a subdued global economic outlook. .TO GO WITH: Commentary: Time to discard growth rate fetish for China's economy (/Wu Lu) | (KEYSTONE/PICTURE ALLIANCE/)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Robots work at the assembly workshop of Chinese vehicle manufacturer Seres Group in Liangjiang New Area, southwest China's Chongqing Municipality, April 25, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Huang Wei) (KEYSTONE/XINHUA/Huang Wei)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Vehicles are under examination at a smart factory of Seres Group in Liangjiang New Area, southwest China's Chongqing Municipality, April 25, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Huang Wei) (KEYSTONE/XINHUA/Huang Wei)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Robots work at the painting workshop of the Changde CRRC New Energy Vehicle Co., Ltd. in Changde, central China's Hunan Province, April 25, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Chen Sihan) (KEYSTONE/XINHUA/Chen Sihan)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows a vehicle art installation of the GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Deng Hua) (KEYSTONE/XINHUA/Deng Hua)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows the welding workshop of GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Deng Hua) (KEYSTONE/XINHUA/Deng Hua)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 25, 2024 shows a new energy vehicle (NEV) produced by BYD, China's leading NEV manufacturer, at a plant of BYD in Zhengzhou, central China's Henan Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Li Jianan) (KEYSTONE/XINHUA/Li Jianan)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Workers assemble hybrid vehicles at a plant of FAW-Hongqi in Changchun, northeast China's Jilin Province, April 24, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Xu Chang) (KEYSTONE/XINHUA/Xu Chang)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Workers work at an assembly line of Chinese vehicle manufacturer Seres Group in Liangjiang New Area, southwest China's Chongqing Municipality, April 25, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Huang Wei) (KEYSTONE/XINHUA/Huang Wei)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Visitors watch the demonstration of a battery swap station of Chinese brand NIO at the 2024 Beijing International Automotive Exhibition in Shunyi District, Beijing, capital of China, April 25, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Ju Huanzong) (KEYSTONE/XINHUA/Ju Huanzong)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- A worker conducts static testing on a FAW-Hongqi EH7 new energy vehicle (NEV) at a plant of FAW-Hongqi in Changchun, northeast China's Jilin Province, April 24, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Xu Chang) (KEYSTONE/XINHUA/Xu Chang)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows an electric platform model of GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Deng Hua) (KEYSTONE/XINHUA/Deng Hua)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Workers check the quality of new energy vehicles at a smart factory of Chinese vehicle manufacturer Seres Group in Liangjiang New Area, southwest China's Chongqing Municipality, April 25, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Huang Wei) (KEYSTONE/XINHUA/Huang Wei)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Robots work at a welding workshop of Voyah, a Chinese electric auto brand, in Wuhan, central China's Hubei Province, April 1, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Xiao Yijiu) (KEYSTONE/XINHUA/Xiao Yijiu)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows an automated tire installation station of GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Deng Hua) (KEYSTONE/XINHUA/Deng Hua)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Robots work at the assembly workshop of Chinese vehicle manufacturer Seres Group in Liangjiang New Area, southwest China's Chongqing Municipality, April 25, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Huang Wei) (KEYSTONE/XINHUA/Huang Wei)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- A drone photo taken on Feb. 26, 2024 shows the welding workshop of Chinese vehicle manufacturer Seres Group in Liangjiang New Area, southwest China's Chongqing Municipality. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Photo by Gao Zhang/Xinhua) (KEYSTONE/XINHUA/Gao Zhang)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- A worker checks the quality of a new energy vehicle (NEV) at the plant of BYD, China's leading NEV manufacturer, in Zhengzhou, central China's Henan Province, April 24, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Li Jianan) (KEYSTONE/XINHUA/Li Jianan)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 25, 2024 shows a new energy vehicle (NEV) assembly line of BYD, China's leading NEV manufacturer, at a plant of BYD in Zhengzhou, central China's Henan Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Li Jianan) (KEYSTONE/XINHUA/Li Jianan)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Consumers watch Xiaomi's new energy vehicle model SU7 at a retail shop in Beijing, capital of China, March 28, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Ju Huanzong) (KEYSTONE/XINHUA/Ju Huanzong)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Robots work at an assembly line of FAW-Hongqi in Changchun, northeast China's Jilin Province, April 24, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Xu Chang) (KEYSTONE/XINHUA/Xu Chang)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows a new energy vehicle (NEV) assembly line of BYD, China's leading NEV manufacturer, at the plant of BYD in Zhengzhou, central China's Henan Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Li Jianan) (KEYSTONE/XINHUA/Li Jianan)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- A drone photo taken on April 25, 2024 shows robots working at the painting workshop of the Changde CRRC New Energy Vehicle Co., Ltd. in Changde, central China's Hunan Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Chen Sihan) (KEYSTONE/XINHUA/Chen Sihan)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Robots work at an assembly line of FAW-Hongqi in Changchun, northeast China's Jilin Province, April 24, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Xu Chang) (KEYSTONE/XINHUA/Xu Chang)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- A worker works at an assembly line of Voyah, a Chinese electric auto brand, in Wuhan, central China's Hubei Province, April 24, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Du Zixuan) (KEYSTONE/XINHUA/Du Zixuan)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- This photo taken on April 24, 2024 shows the assembly line of the GAC Aion New Energy Automobile Co., Ltd. in Guangzhou, south China's Guangdong Province. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Deng Hua) (KEYSTONE/XINHUA/Deng Hua)

CHINA-ECONOMY-NEV INDUSTRY (CN)

(240426) -- BEIJING, April 26, 2024 (Xinhua) -- Robots work at an assembly line of FAW-Hongqi in Changchun, northeast China's Jilin Province, April 24, 2024. With a burgeoning demand for clean energy solutions to combat climate change, the global landscape indicates a pressing need for expanded production capabilities rather than an excess.. According to projections by the International Energy Agency, the demand for new energy vehicles is anticipated to skyrocket, reaching 45 million by 2030, 4.5 times that of 2022. (Xinhua/Xu Chang) (KEYSTONE/XINHUA/Xu Chang)

CHINA ECONOMY

A worker assembles an SUV at a car plant of Li Auto, a major Chinese EV maker, in Changzhou in eastern China's Jiangsu province on Wednesday, March 27, 2024. Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released Sunday, suggesting a rebound in industrial activities following the Lunar New Year holiday. (Chinatopix Via AP) (KEYSTONE/AP CHINATOPIX/)

CHINA ECONOMY

A worker assembles an SUV at a car plant of Li Auto, a major Chinese EV maker, in Changzhou in eastern China's Jiangsu province on Wednesday, March 27, 2024. Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released Sunday, suggesting a rebound in industrial activities following the Lunar New Year holiday. (Chinatopix Via AP) (KEYSTONE/AP CHINATOPIX/)

CHINA ECONOMY

An SUV goes through inspection after assembly at a car plant of Li Auto, a major Chinese EV maker, in Changzhou in eastern China's Jiangsu province on Wednesday, March 27, 2024. Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released Sunday, suggesting a rebound in industrial activities following the Lunar New Year holiday. (Chinatopix Via AP) (KEYSTONE/AP CHINATOPIX/)

CHINA-ECONOMY

Employees work on a wire harness production line at a factory which supplies car accessories to the automotive market in Fuyang, in eastern China's Anhui province on March 28, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY

Employees work on a wire harness production line at a factory which supplies car accessories to the automotive market in Fuyang, in eastern China's Anhui province on March 28, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY

Employees work on a wire harness production line at a factory which supplies car accessories to the automotive market in Fuyang, in eastern China's Anhui province on March 28, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY

Employees work on a wire harness production line at a factory which supplies car accessories to the automotive market in Fuyang, in eastern China's Anhui province on March 28, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AUTO

This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China's Jiangsu province. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AUTO

This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China's Jiangsu province. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AUTO

This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China's Jiangsu province. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AUTO

This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China's Jiangsu province. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AUTO

This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China's Jiangsu province. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA ECONOMY INDUSTRY

epa11246334 Laburers work on a construction site, in Shanghai, China, 27 March 2024. According to National Bureau of Statistics, China's industrial firms earned CNY 914.06 billion (around 126.5 billion US dollar) in profits during the first two months of 2024, a year-on-year (YoY) increase of 10.2 percent. This growth follows a 2.3 percent drop in 2023, but the Chinese economy is starting to recover thanks to Beijing's support measures. Private sector profits increased by 12.7 percent, while state-owned profits also improved. The computer industry, communications, and other electronic equipment saw the highest profit growth, followed by electricity, non-ferrous metal smelting and rolling, textile, and cars. However, profits declined for the coal mining and washing industry, non-metallic industry, mineral products, special equipment manufacturing, agriculture and food, and electrical machinery. EPA/ALEX PLAVEVSKI

TOPSHOT-CHINA-ECONOMY-ELECTRICITY

TOPSHOT - Workers fix cables on a transmission tower in Yichun, in central China's Jiangxi province on March 27, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA ECONOMY INDUSTRY

epa11246332 People buy items in a grocery shop, in Shanghai, China, 27 March 2024. According to National Bureau of Statistics, China's industrial firms earned CNY 914.06 billion (around 126.5 billion US dollar) in profits during the first two months of 2024, a year-on-year (YoY) increase of 10.2 percent. This growth follows a 2.3 percent drop in 2023, but the Chinese economy is starting to recover thanks to Beijing's support measures. Private sector profits increased by 12.7 percent, while state-owned profits also improved. The computer industry, communications, and other electronic equipment saw the highest profit growth, followed by electricity, non-ferrous metal smelting and rolling, textile, and cars. However, profits declined for the coal mining and washing industry, non-metallic industry, mineral products, special equipment manufacturing, agriculture and food, and electrical machinery. EPA/ALEX PLAVEVSKI

CHINA ECONOMY INDUSTRY

epa11246331 Laburers work on a construction site, in Shanghai, China, 27 March 2024. According to National Bureau of Statistics, China's industrial firms earned CNY 914.06 billion (around 126.5 billion US dollar) in profits during the first two months of 2024, a year-on-year (YoY) increase of 10.2 percent. This growth follows a 2.3 percent drop in 2023, but the Chinese economy is starting to recover thanks to Beijing's support measures. Private sector profits increased by 12.7 percent, while state-owned profits also improved. The computer industry, communications, and other electronic equipment saw the highest profit growth, followed by electricity, non-ferrous metal smelting and rolling, textile, and cars. However, profits declined for the coal mining and washing industry, non-metallic industry, mineral products, special equipment manufacturing, agriculture and food, and electrical machinery. EPA/ALEX PLAVEVSKI

CHINA ECONOMY INDUSTRY

epa11246333 Laburers work on a construction site, in Shanghai, China, 27 March 2024. According to National Bureau of Statistics, China's industrial firms earned CNY 914.06 billion (around 126.5 billion US dollar) in profits during the first two months of 2024, a year-on-year (YoY) increase of 10.2 percent. This growth follows a 2.3 percent drop in 2023, but the Chinese economy is starting to recover thanks to Beijing's support measures. Private sector profits increased by 12.7 percent, while state-owned profits also improved. The computer industry, communications, and other electronic equipment saw the highest profit growth, followed by electricity, non-ferrous metal smelting and rolling, textile, and cars. However, profits declined for the coal mining and washing industry, non-metallic industry, mineral products, special equipment manufacturing, agriculture and food, and electrical machinery. EPA/ALEX PLAVEVSKI

CHINA ECONOMY INDUSTRY

epa11246330 A laburer buys items in a grocery shop, in Shanghai, China, 27 March 2024. According to National Bureau of Statistics, China's industrial firms earned CNY 914.06 billion (around 126.5 billion US dollar) in profits during the first two months of 2024, a year-on-year (YoY) increase of 10.2 percent. This growth follows a 2.3 percent drop in 2023, but the Chinese economy is starting to recover thanks to Beijing's support measures. Private sector profits increased by 12.7 percent, while state-owned profits also improved. The computer industry, communications, and other electronic equipment saw the highest profit growth, followed by electricity, non-ferrous metal smelting and rolling, textile, and cars. However, profits declined for the coal mining and washing industry, non-metallic industry, mineral products, special equipment manufacturing, agriculture and food, and electrical machinery. EPA/ALEX PLAVEVSKI

CHINA-ECONOMY-ELECTRICITY

Workers fix cables on a transmission tower in Yichun, in central China's Jiangxi province on March 27, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-ELECTRICITY

Workers fix cables on a transmission tower in Yichun, in central China's Jiangxi province on March 27, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-ELECTRICITY

Workers fix cables on a transmission tower in Yichun, in central China's Jiangxi province on March 27, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

TOPSHOT-CHINA-ECONOMY-AGRICULTURE

TOPSHOT - Workers pick tea leaves at a tea field in Hangzhou, in eastern China's Zhejiang province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AGRICULTURE

Workers pick tea leaves at a tea field in Hangzhou, in eastern China's Zhejiang province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AGRICULTURE

Workers pick tea leaves at a tea field in Hangzhou, in eastern China's Zhejiang province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-AGRICULTURE

Workers pick tea leaves at a tea field in Hangzhou, in eastern China's Zhejiang province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-FORUM-BOAO

Journalists attend an event of the Boao Forum for Asia (BFA) Annual Conference 2024 in Boao, in southern China's Hainan province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-FORUM-BOAO

Journalists attend an event of the Boao Forum for Asia (BFA) Annual Conference 2024 in Boao, in southern China's Hainan province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-FORUM-BOAO

Chinese economist Justin Yifu Lin speaks during an event of the Boao Forum for Asia (BFA) Annual Conference 2024 in Boao, in southern China's Hainan province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-FORUM-BOAO

Journalists attend a press conference and the launch of annual reports during the Boao Forum for Asia (BFA) Annual Conference 2024 in Boao, in southern China's Hainan province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-FORUM-BOAO

Journalists work at media center during the Boao Forum for Asia (BFA) Annual Conference 2024 in Boao, in southern China's Hainan province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA-ECONOMY-FORUM-BOAO

Former US secretary of commerce Carlos Gutierrez and Chinese economist Justin Yifu Lin (R) attend during an event of the Boao Forum for Asia (BFA) Annual Conference 2024 in Boao, in southern China's Hainan province on March 26, 2024. (Photo by AFP) / China OUT (KEYSTONE/AFP/STR)

CHINA ECONOMY

A visitor to store looks out near a logo for Chinese telecoms equipment giant Huawei in Beijing, Tuesday, March 26, 2024. (AP Photo/Ng Han Guan)