February 18, 2025

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Transportation, technology fuel China’s development: former Egyptian PM

Transportation, technology fuel China’s development: former Egyptian PM

Former Egyptian Prime Minister Essam Sharaf has commended China’s unrelenting efforts to build a well-connected, technologically advanced transportation system, stressing its crucial role in propelling the country’s development.

Sharaf, as a former professor of transportation engineering who has published over 100 papers on the subject, shared his expert viewpoint on the Chinese approach to infrastructure and connectivity while speaking with China Media Group in Guangzhou City, south China’s Guangdong Province.

“Transportation and development are two sides of one coin. Imagine that you have an amount of gold, if you cannot connect with it, it’s nothing. So transportation makes added value. And of course with this vast area of China, you are connected and this is very important for people to trust. So that’s why the transportation system is very vital for economic development. For a country like China, is even more important because it’s huge. It has different ethnic groups. So to let everybody feel [a sense of] belonging, we have to connect,” said the former prime minister in an interview aired on Friday.

He emphasized that transportation is part of China’s broader push toward a more advanced society, which he described as key to the country’s successive achievements in recent years.

“You have leapfrog, jumps. That’s what happened in China. Nobody could imagine even 20 years ago or 10 years ago that level of China, unless the innovation and science and technology played a vital role. And always, it says science, technology and economy. This is what really moves the country. Innovation is a core element of Chinese modernization,” Sharaf said.

Transportation, technology fuel China's development: former Egyptian PM

Transportation, technology fuel China’s development: former Egyptian PM

China’s cross-border e-commerce imports and exports surged by 10.8 percent in 2024, reflecting growing demand from international consumers for high-quality Chinese products, according to China’s Ministry of Commerce.

The ministry noted that China’s foreign trade has shown remarkable resilience in the past year despite a challenging global environment.

The total value of China’s trade in goods reached 43.85 trillion yuan (around 6.16 trillion U.S. dollars) in 2024, representing a 5-percent increase over the previous year. Imports saw a record-breaking rise of 2.3 percent, maintaining China’s position as the world’s second-largest importer for the 16th consecutive year.

The number of foreign trade entities also increased, with nearly 700,000 companies reporting import and export activities in 2024.

China’s export structure continued to improve last year, the ministry said, with mechanical and electrical products accounting for 59.4 percent of total exports. The exports of energy storage products, smart home devices, and other green, low-carbon, intelligent and digital products saw rapid growth, while traditional sectors like textiles and apparel were increasingly focusing on brand development and technological enhancements.

“New business forms have demonstrated vitality. In 2024, China’s cross-border e-commerce imports and exports grew by 10.8 percent, contributing to 6 percent of the country’s foreign trade. This allows more high-quality products to reach overseas consumers directly,” said Meng Yue, deputy director of the ministry’s Department of Foreign Trade, at a press conference in Beijing on Wednesday.

The ministry highlighted that China’s trade with traditional markets continued to grow in 2024, while its trade with countries participating in the Belt and Road Initiative (BRI) became an even larger portion of the total, accounting for 50.3 percent.

At present, China is a primary trade partner for over 150 countries and regions and has signed 23 free trade agreements with 30 countries and regions across five continents.

In the first three quarters of 2024, China’s contribution to global import growth reached 20.3 percent, significantly boosting the recovery of the world economy.

China's cross-border e-commerce grew strongly in 2024: ministry

China’s cross-border e-commerce grew strongly in 2024: ministry


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