Progress seen in low-carbon development

Manufacturing industry booming, with photovoltaic sector particularly strong

The absolute value of China's manufacturing industry continues to increase, ranking first in the world for the 14th consecutive year and having shown major improvement in sustainable development in recent years, according to a report released by the Chinese Academy of Engineering on Monday.

"This indicates that China's transition to green and low-carbon development has achieved significant results," said Wang Decheng, an expert from the drafting team of the 2024 China Manufacturing Power Development Index Report.

Wang said that based on recent data, China has seen great increases in the indicators of energy consumption per unit of value added in manufacturing and the comprehensive usage rate of industrial solid waste. He also said the global competitiveness of the country's manufacturing industry is on the rise.