Briefly

Xi'an-Shiyan HSR gets new station

China's State-owned builders such as China Railway 24th Bureau Group Corp are enhancing the high-speed railway connecting Xi'an in Shaanxi province and Wuhan in Hubei province. The latest milestone is the launch of a new HSR station in Yunxi county, Hubei province. CR24, a unit of China Railway Construction Corp, said in a project progress report that its workers commenced construction of Yunxi Railway Station in Shiyan, Hubei province. The station will be a key railway transportation hub on the Xi'an-Shiyan High-speed Railway, a vital link in boosting the integrated development of the Yangtze River Economic Zone, CR24 said.

Software, IT services report growth

China's software sector and information technology services reported double-digit year-on-year growth in terms of both revenue and profits in the first four months of 2024, official data showed. Total profits jumped by 14.3 percent year-on-year to 431.4 billion yuan ($60.69 billion) during this period, while combined revenue rose by 11.6 percent to 3.8 trillion yuan, according to the Ministry of Industry and Information Technology. Total revenue of the IT services segment alone increased by 13.2 percent year-on-year to around 2.5 trillion yuan, contributing 65.9 percent of the total revenue of the overall sector.

Xinhua - China Daily