Briefly

ABC net profit up 4.2% in 2023

Agricultural Bank of China, one of the country's four big State-owned lenders, has reported a 4.2 percent increase in net profit in 2023. The bank raked in 269.8 billion yuan ($38 billion) in net profit attributable to shareholders last year, according to its annual financial report.

China to export TBM to Italy

An independently developed tunnel-boring machine rolled off the production line on Thursday in Changsha, the capital of Central China's Hunan province, marking the sixth such machine produced by China Railway Construction Heavy Industry Co Ltd for export to Italy. Measuring 9.28 meters in diameter, the machine will be used in the construction of a high-speed railway tunnel linking Sicily's regional capital Palermo and Catania, another city on Sicily island.

Xinhua - China Daily