China Today's Top News: Long March 7A Successfully Launches Zhongxing 4A Satellite, iQiyis Q2 Earnings Strong, Low-altitude Economy Industry Gearing Up
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China Today's Top News: Long March 7A Successfully Launches Zhongxing 4A Satellite, iQiyis Q2 Earnings Strong, Low-altitude Economy Industry Gearing UpToday is Friday, August 23, 2024. Let's review the major news stories that happened in China today
China Today's Top News: Long March 7A Successfully Launches Zhongxing 4A Satellite, iQiyis Q2 Earnings Strong, Low-altitude Economy Industry Gearing Up
Today is Friday, August 23, 2024. Let's review the major news stories that happened in China today.
1. Chinas Space Program Gets a New Star: Long March 7A Successfully Launches Zhongxing 4A Satellite
At 8:25 PM on August 22, China successfully launched the Zhongxing 4A satellite from the Wenchang Space Launch Center using the Long March 7A carrier rocket. The satellite has successfully entered its designated orbit. This launch marks the 8th launch of the Long March 7A rocket and the 532nd flight of the Long March series of carrier rockets. The Zhongxing 4A satellite, developed by the Fifth Academy of China Aerospace Science and Technology Corporation, will provide users with voice, data, and broadcast television transmission services, contributing to the development of China's communications industry.
2. iQiyis Q2 Earnings Strong, Content Strength Leads the Industry
iQiyi's second-quarter 2024 financial report showed total revenue of 7.4 billion yuan and an operating profit of 500 million yuan, achieving positive cash flow for nine consecutive quarters. Summer content performance was strong, with market share remaining at the top of the industry. iQiyi has ample future content reserves, covering various themes, showcasing its competitive advantage as a long-video platform. Its future development is worth looking forward to.
3. Under-forest Planting Promotes Revitalization: Guangxi Longsheng's Big-leaf Lily Harvest, Farmers Income Increased
Longsheng County, Guangxi Zhuang Autonomous Region, has injected new vitality into local economic development through the cultivation of big-leaf lilies under forest canopies. Jianshen Village, Jiangdi Township, leverages its high forest coverage and fertile soil to develop a forest economy, successfully planting and harvesting big-leaf lilies, effectively boosting village income and contributing to rural revitalization. Planters not only dig up lilies but also process and dry lily powder, enhancing product value and opening new pathways for rural economic development.
4. Shanghai Builds "Sky City": Low-altitude Economy Industry Action Plan Released, Targeting Over 50 billion yuan in Industry Scale
Shanghai has released an action plan for the low-altitude economy industry, aiming to achieve an industry scale exceeding 50 billion yuan by 2027. The plan intends to establish a complete low-altitude aircraft industry system, promoting the research and development of drones and eVTOL aircraft, expanding commercial applications of logistics drones, and creating an international "sky city". This initiative will significantly promote the development of Shanghai's aviation industry and inject new momentum into urban construction.
5. Games Drive Tourism Boom: Domestic Game "Black Myth: Wukong" Boosts Popularity of Shanxis Xiaoxitian Scenic Area
The launch of the Chinese domestic single-player game "Black Myth: Wukong" has sparked a gaming craze, and also driven a tourism boom in one of its filming locations - Xiaoxitian Scenic Area in Shanxi. Xiaoxitian, originally known as Qianfoan (Thousand Buddha Temple), is a Ming Dynasty building renowned for its over 1,800 well-preserved colored clay sculptures. This summer, ticket orders increased by 236% year-on-year, demonstrating the significant influence of game culture on the tourism industry.
6. Xian Residents Immersively Experience Macao's Charm: "Shaanxi Xian Macao Week" Event Grandly Opens
The "Shaanxi Xian Macao Week" event officially opened in Xian, lasting for 5 days. It will bring an immersive Macao cultural experience to Xian residents through 3D technology, food, tourism, and other elements. The event attracts over 30 enterprises and over 70 products from Macao, an increase compared to previous years, offering tourism discounts to Xian residents and promoting economic and cultural exchange between the two places. The Macao Week event has been successfully held in multiple cities, attracting over 5.66 million participants, becoming an important platform for promoting cultural exchange between the two places.
7. Safeguarding Consumer Rights: Shanghai Consumer Protection Foundation Focuses on Mobile Phone Manufacturers Restrictions on App Downloads
The Shanghai Consumer Protection Foundation has noticed the issue of mobile phone manufacturers restricting downloads of third-party applications, pointing out that such behavior may violate the Anti-Unfair Competition Law, affecting market fairness and technological development. The foundation emphasizes the need to protect consumer rights, maintain market fair competition, and promote the healthy development of the application software market.
8. New Logistics Channel in the Guangdong-Hong Kong-Macao Greater Bay Area: First-ever Full-package "Passenger Car-style" Through Train Launched, Improving Efficiency and Reducing Costs
The first-ever full-package "passenger car-style" through train has been launched in the Guangdong-Hong Kong-Macao Greater Bay Area, providing "door-to-door" services for businesses. It takes only 16 hours from Guangzhou International Port to Changsha North Station, saving nearly 50 hours compared to traditional methods. This train runs daily, providing one-stop full-process transportation services, reducing logistics costs for businesses by approximately 30%, improving transportation efficiency, assisting in the construction of a new logistics channel in the regional economic circle, and promoting regional economic development.
9. Guardians of the Desert Oasis: Taklimakan Desert Well Keepers Protect 436 km of Protective Forest Belt, Preventing Sand Erosion
In the Taklimakan Desert in Xinjiang, a group of well keepers silently persevere, maintaining 108 well houses, irrigating a 436 km long ecological protective forest belt, preventing sand erosion of the highway, and guarding the green lifeline in this "sea of death". The well keepers live in harsh conditions, with water needing to be transported regularly, but they have developed a deep affection for this desert, witnessing the growth of the trees and guarding this oasis, contributing to the improvement of the desert's ecological environment.
10. Consumer Market Grows Steadily: China's Goods Consumption and Service Consumption Both Increase in July
In July, the Ministry of Commerce of China promoted the "Consumption Promotion Year" campaign, with both goods consumption and services consumption achieving steady growth. Total retail sales of consumer goods reached 3.78 trillion yuan, an increase of 2.7% year-on-year. Among them, goods retail sales increased by 2.7% and service retail sales increased by 7.2%. Online consumption and rural consumption showed outstanding growth rates of 8.7% and 4.6%, respectively, demonstrating the strong vitality of the consumer market.
This is a brief review of today's China news. Thank you for watching. What are your thoughts on today's news? Feel free to discuss in the comments.
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