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[China urges to promote global development] On October 6, Sun Lei, China’s deputy permanent representative to the United Nations, spoke at the general debate of the Second Committee of the United Nations General Assembly on the 5th, urging the international community to promote global development. He said that the current implementation of the 2030 Agenda for Sustainable Development is seriously lagging behind, the development gap between the North and the South is widening, development resources are insufficient, and development momentum has declined. The international community needs to show its responsibility and inject new momentum into revitalizing global development. He made four points on this. First, we must anchor the strategic direction, always put development at the center of the international agenda, closely integrate the tasks and goals of the 2030 Agenda with the actual conditions of each country, improve medium and long-term strategies, and maintain policy continuity and stability. To deepen the reform of the United Nations, all development agencies must improve quality and efficiency, help countries improve their development plans, and formulate long-term and stable implementation, supervision and evaluation mechanisms. Second, we must respond to the people's expectations and increase investment in areas related to people's well-being such as poverty reduction, food and energy security, and environmental protection. Emerging fields such as artificial intelligence, digital economy, and green energy must adhere to a people-oriented and upward approach, so that the results of scientific and technological innovation can truly benefit the world. China launched the World Cooperation Organization on Artificial Intelligence with the purpose of supporting capacity building in the global South and bridging the digital and intelligence divide. China welcomes all parties to actively join and share the dividends of intelligence. Third, we must adhere to pragmatic cooperation and action orientation, face difficulties, and solve bottlenecks and key issues that restrict global development cooperation. Developed countries must earnestly implement their commitments on development financing and climate finance. Promote substantial progress in the reform of the international financial architecture as soon as possible and expand the representation and voice of developing countries. It is necessary to restore the normal operation of the WTO dispute settlement mechanism and promote WTO rules to keep pace with the times. Fourth, we must carry forward the spirit of helping each other and build a global development partnership that is united, equal, balanced and beneficial to all. We must oppose "decoupling and disconnection" and trade protectionism, and promote inclusive economic globalization. He said that this year marks the fifth anniversary of the Global Development Initiative. China is willing to continue to work with other countries to promote cooperation on global development initiatives, support the 2030 Agenda, and make greater contributions to building a prosperous and beautiful world. (CCTV News)
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[New OTC Market’s innovation layer echelon iteration speeds up, and multiple capital paths help high-quality companies to improve.] September 17th, since this year, the New OTC Board’s innovation layer echelon iteration pace has accelerated, and high-quality companies have continued to gather. The National Equities Exchange and Quotations recently released the fourth batch of preliminary screening lists for the innovation level. 12 companies including Meitong Aromatherapy, Goodeng Machinery, and Bondi Intelligence were selected, covering high-end manufacturing, new materials, digital economy and other tracks. So far, a total of more than 220 enterprises have been planned to be transferred to the innovation level this year, five of which will become national-level specialized and new "little giant" enterprises, and manufacturing enterprises account for more than 80%, covering key fields such as electrical machinery, special equipment, auto parts, electronic communications, etc., which are highly consistent with the development direction of new industrialization and new quality productivity. As of September 15, the total number of innovative companies on the New Third Board reached 2,274. From the perspective of profit quality, the average revenue and net profit of new entrants in 2025 will maintain double-digit growth, and more than 40% of companies will see net profit growth exceeding 30%. They have both hard technological attributes and growth resilience, and the overall quality of the echelon continues to improve. (Shanghai Securities News)
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[The "15th Five-Year Plan for the Construction of Digital Hubei" is issued] On September 10, the Hubei Provincial People's Government issued the "15th Five-Year Plan for the Construction of Digital Hubei". The plan points out that by 2030, digital intelligence technology innovation will become the core driving force for high-quality economic development, the energy level of digital infrastructure will rise significantly, and the level of marketization and value of data elements will significantly increase. A highland for the development of the national digital and intelligent economy has been built. The digital transformation of primary, secondary and tertiary industries has achieved outstanding results, and a number of benchmark applications for digital and intelligent integration have been formed. An industrial base integrating storage and computing has been built. The level of trillion-level digital industry clusters such as optoelectronic information has jumped. The added value of the core industries of the digital economy has accounted for 13% of GDP. A comprehensive national computing and network hub has been built, Wuhan's national Internet backbone direct connection point has been expanded and upgraded, the national data infrastructure (Hubei) key functional facilities and the national (Wuhan) new Internet exchange center have been completed and put into operation, and the national top node for industrial Internet identification analysis (Wuhan) and the "Spark·Chain Network" blockchain super node (Wuhan) continue to enhance their service capabilities; The computing power scale exceeds 100,000 PFlops, establishing a national computing power Internet regional node and building a national first-class computing power network. A national data element comprehensive pilot zone will be built, the data infrastructure system will be more complete, and a regional data element market with active supply and demand, smooth circulation, and security and controllability will be built. A number of "data element
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[Ministry of Commerce: Mutual benefit and win-win results in China and ASEAN's production and supply chains will be promoted from three aspects] On September 1, Wang Liping, Director of the Asia Department of the Ministry of Commerce, said that in the next step, mutual benefit and win-win results in the production and supply chains of both parties will be promoted from three aspects. In terms of strengthening cooperation in emerging fields, we support the deepening of mutual investment in the digital economy, green development, blue economy and other fields, and rely on carriers such as "two countries, two parks" and cross-border industrial parks to promote efficient linkage in R&D innovation, production and manufacturing, scenario application and other links, and create an emerging industry ecosystem with complementary advantages and deep inter-embeddedness. In terms of strengthening regional connectivity, we should vigorously develop multimodal transport models such as "rail-sea" and "river-rail-sea" to continuously improve the efficiency of port operations, break up cross-border circulation chokepoints, effectively improve the efficiency of resource allocation, and promote the free flow of key products and services between China and ASEAN. Continue to promote mutual recognition cooperation in standards and conformity assessment, reduce compliance costs for enterprises, improve trade facilitation, and provide a stable and predictable market environment for enterprises to carry out cross-border cooperation. In terms of strengthening digital intelligence empowerment, digital intelligence upgrading is the only way to promote the modernization of the China-ASEAN regional production and supply chain. Enterprises on both sides are encouraged to actively use modern digital technologies such as artificial intelligence, big data, and the Internet of Things to promote information interconnection in all aspects of production, logistics, and trade, stimulate the vitality of data elements, and create a more resilient industrial and supply chain.