In 2019, the market size of digital upgrade services for micro-, small-, and medium-sized enterprises (MSMEs) in China was estimated at around ***** billion yuan. The overall digital level of MSMEs in China is still low and the market is forecast to grow at high pace in the future. The coronavirus pandemic is a further stimulus to this development.

The China power grid system industry is experiencing robust growth, driven by increasing energy demand, government investments in smart grid infrastructure, and the nation's commitment to renewable energy integration. The market, valued at approximately $XX million in 2025 (assuming a logical extrapolation from the provided CAGR of 14.32% and a known, albeit unspecified, 2019-2024 market size), is projected to expand significantly over the forecast period (2025-2033). Key growth drivers include the widespread adoption of advanced metering infrastructure (AMI) for improved energy efficiency and grid management, the modernization of substations through automation technologies, and substantial investments in transmission upgrades to accommodate increasing power generation and consumption. Furthermore, distribution automation initiatives aim to enhance grid reliability and resilience, contributing to the overall market expansion. The presence of both international and domestic players, such as Siemens, Landis+Gyr, ABB, Huawei, and ZTE, signifies intense competition and technological innovation within the sector. The competitive landscape is characterized by a blend of established international vendors offering advanced technologies and rapidly growing Chinese companies providing cost-effective solutions, driving innovation and price competitiveness. The segmentation of the market into transmission upgrades, substation automation, AMI, and distribution automation reflects the multi-faceted nature of the industry's expansion. Each segment offers unique growth opportunities, with the adoption of smart grid technologies and renewable energy integration acting as major catalysts. While challenges such as the initial capital expenditure required for grid modernization and the complex integration of renewable energy sources exist, the long-term benefits of improved efficiency, reliability, and sustainability outweigh these restraints, ensuring continued market expansion throughout the forecast period. The focus on enhancing grid resilience and digitalization, propelled by government policies and the escalating demand for electricity, will further fuel the growth of the China power grid system industry in the coming years. The substantial investments in smart grid technologies and the robust growth trajectory suggest a promising outlook for market players, underpinned by the continuous need for modernization and expansion of the power grid to meet the energy demands of a rapidly developing China. Recent developments include: June 2022: The State Grid Corporation of China announced that the company would invest an all-time high of more than USD 74.5 billion in power grid projects in 2022., October 2022: The State Grid Corporation of China (SGCC) announced that it would deploy a Nokia solution, aiming to use automation to better monitor electrical power production and distribution status in real-time, using IoT sensors throughout their infrastructure.. Notable trends are: Increasing Investment Plans and Upcoming Smart Grid Projects Driving the Market Demand.

This graph shows the reasons for upgrading insurance in China as of January 2019. According to a survey, around ** percent of respondents in China who had bought long-term insurance products considered buying more insurance products because they seemed attractive.

China New Kinetic Energy Index of Economic Development: Transformation and Upgrading data was reported at 162.800 2014=100 in 2022. This records an increase from the previous number of 160.900 2014=100 for 2021. China New Kinetic Energy Index of Economic Development: Transformation and Upgrading data is updated yearly, averaging 144.100 2014=100 from Dec 2014 (Median) to 2022, with 9 observations. The data reached an all-time high of 162.800 2014=100 in 2022 and a record low of 100.000 2014=100 in 2014. China New Kinetic Energy Index of Economic Development: Transformation and Upgrading data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OF: New Kinetic Energy Index of Economic Development.

According to the survey among residents in Shanghai in November 2018, ** percent of respondents stated that improving energy efficiency was the most needed improvements for energy and resources management. In Shanghai, one example of the city’s efforts to build a smart city was to support greener buildings, such as 'zero-carbon emission' buildings.

According to a survey on high-net-worth Chinese in May 2021, purchasing new furniture and household appliances was the first choice of the interviewed wealthy group when they opted to upgrade their living environment in the coming year. ** percent of respondents would move to a new house to increase the living condition, of which ** percent preferred villas and ** percent biased high-rise apartments.

China Re-lending: Balance: Special Lending for Equipment Upgrading data was reported at 129.200 RMB bn in Dec 2024. This records a decrease from the previous number of 155.700 RMB bn for Sep 2024. China Re-lending: Balance: Special Lending for Equipment Upgrading data is updated quarterly, averaging 155.700 RMB bn from Sep 2022 (Median) to Dec 2024, with 10 observations. The data reached an all-time high of 169.400 RMB bn in Jun 2023 and a record low of 0.000 RMB bn in Sep 2022. China Re-lending: Balance: Special Lending for Equipment Upgrading data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Structural Monetary Policy Instruments.

We construct a new Chinese industrial policy measure at the product level based on 96,778 government-approved projects from 2009 to 2017. We classify the products into 3-digit codes according to the Standard International Trade Classification Revision 3 (SITC Rev.3). The aggregate amount of government-approved projects on a specific product measures policy intensity. Our findings reveal that Chinese industrial policy can generally enhance the potential for export upgrading.

The size of the China Power Industry market was valued at USD 4.36 Million in 2023 and is projected to reach USD 12.62 Million by 2032, with an expected CAGR of 16.39% during the forecast period. The power industry market in China is a cornerstone of the country's rapid economic development and modernization. As the world's largest energy consumer and emitter of greenhouse gases, China’s power sector is characterized by its vast scale and significant growth potential. Historically dominated by coal-fired power plants, the industry is undergoing a profound transformation with a concerted shift towards cleaner and more sustainable energy sources. The Chinese government has set ambitious targets to increase the share of renewables in the energy mix, focusing on wind, solar, and hydropower. This transition is driven by national policies aimed at reducing carbon emissions and addressing air pollution, in line with China’s commitments under international climate agreements. In addition to renewable energy, nuclear power is also gaining prominence as part of China's strategy to diversify its energy sources and enhance energy security. The development of smart grid technologies and energy storage solutions is further reshaping the industry, enabling more efficient energy distribution and integration of intermittent renewable sources. Despite these advancements, the power market faces challenges such as overcapacity in certain sectors and the need for substantial investments in infrastructure upgrades. Overall, the Chinese power industry is poised for continued growth, marked by a transformative shift towards sustainability and technological innovation. Recent developments include: February 2023: China announced that it had started work on the world's biggest ultrahigh-voltage energy transmission project, which will connect Southwest China's Sichuan Province and the Xizang Autonomous Region to Central China's Hubei Province. The transmission project will carry around 40 billion KW hours of electricity, including hydroelectricity from the Jinsha River's upper stream, comparable to one-sixth of Hubei Province's annual power demand., January 2023: China Three Gorges (CTG) announced the commencement of construction for the 16 GW solar, wind, and coal project. The company added that the installation would eventually include 8 GW of solar power capacity, 4 GW of wind power, and 4 GW of coal-fired generation, in addition to energy storage., March 2022: GE Gas Power and Harbin Electric reported that Chinese state-owned power provider Shenzhen Energy Group Corporation Co. had ordered equipment for its Guangming combined cycle power plant in Guangdong province's Shenzhen Guangming district. Three GE 9HA.01 gas turbines will be installed in a new 2-GW natural gas-fired power plant in China to support the retirement of a large regional coal-fired complex.. Key drivers for this market are: Increasing Upcoming Investments in Renewable Energy Sector4., Growing Manufacturing Sector Increases Demand For Power. Potential restraints include: Rising Phase Out of Coal-based Power Plants. Notable trends are: The Renewable Energy Segment Expected to Dominate the Market.

Recent blackouts in Europe underscore the need for energy infrastructure upgrades, with China poised to play a key role in enhancing storage solutions.

Total Inland Transport Infrastructure Investment: Euro data was reported at 801,000,000,000.000 EUR in 2022. This records an increase from the previous number of 719,000,000,000.000 EUR for 2021. Total Inland Transport Infrastructure Investment: Euro data is updated yearly, averaging 220,000,000,000.000 EUR from Dec 1995 (Median) to 2022, with 25 observations. The data reached an all-time high of 801,000,000,000.000 EUR in 2022 and a record low of 7,647,515,627.000 EUR in 1995. Total Inland Transport Infrastructure Investment: Euro data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.ITF: Transport Infrastructure, Investment and Maintenance: Non OECD Member: Annual. [STAT_CONC_DEF] Investment expenditure on railways infrastructure: capital expenditure on new railway infrastructure or extension of existing railways, including reconstruction, renewal (major substitution work on the existing infrastructure which does not change its overall performance) and upgrades (major modification work improving the original performance or capacity of the infrastructure). Infrastructure includes land, permanent way constructions, buildings, bridges and tunnels, as well as immovable fixtures, fittings and installations connected with them signalisation, telecommunications, catenaries, electricity sub-stations, etc.) as opposed to rolling stock. Investment expenditure on road infrastructure: capital expenditure on new road infrastructure or extension of existing roads, including reconstruction, renewal (major substitution work on the existing infrastructure which does not change its overall performance) and upgrades (major modification work improving the original performance or capacity of the infrastructure). Infrastructure includes land, permanent way constructions, buildings, bridges and tunnels, as well as immovable fixtures, fittings and installations connected with them (signalisation, telecommunications, toll collection installations, etc.) as opposed to road vehicles. Investment expenditure on inland waterways infrastructure: capital expenditure on new inland waterways infrastructure or extension of existing inland waterways, including reconstruction, renewal (major substitution work on the existing infrastructure which does not change its overall performance) and upgrades (major modification work improving the original performance or capacity of the infrastructure) renewal and upgrades or major repairs (repairs improving the original performance or capacity of the infrastructure). Infrastructure includes land, channels and permanent way constructions, buildings, navigation locks, mooring equipment, toll collection installations, as well as immovable fixtures, fittings and installations connected with them (signalisation, telecommunications, etc.) as opposed to IWT vessels. [COVERAGE] Data should include both government and private investment, unless otherwise specified in the country-level metadata. [COVERAGE] Data do not include inland waterways infrastructure expenses since they are not reported.

In calculating the carbon emissions of listed companies, we use fossil energy consumption, electricity consumption, and heat consumption manually collected from the corporate social responsibility reports (CSR reports), sustainable development reports, and environmental reports disclosed annually by 3,352 listed Chinese companies from 2003 to 2021. We have manually sorted out the list and time of the upgrading of SEZs in 272 cities. The relevant information about the upgrading of SEZs comes from the China Development Zone Audit Announcement (2006 edition) released by the NDRC and other departments . This set of data records the details of state- and provincial-level SEZs that have been officially recognized after a large-scale rectification in 2003, including the names, types, and approval authorities of SEZs. The financial information of the listed companies involved in the control variables is all from the China Stock Market & Accounting Research Database (CSMAR Database).

China Re-lending Rate: Special Lending for Equipment Upgrading data was reported at 1.750 % pa in Sep 2024. This stayed constant from the previous number of 1.750 % pa for Jun 2024. China Re-lending Rate: Special Lending for Equipment Upgrading data is updated quarterly, averaging 1.750 % pa from Sep 2022 (Median) to Sep 2024, with 9 observations. The data reached an all-time high of 1.750 % pa in Sep 2024 and a record low of 1.750 % pa in Sep 2024. China Re-lending Rate: Special Lending for Equipment Upgrading data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Structural Monetary Policy Instruments.

China Re-lending: Quota: Special Lending for Equipment Upgrading data was reported at 200.000 RMB bn in Sep 2024. This stayed constant from the previous number of 200.000 RMB bn for Jun 2024. China Re-lending: Quota: Special Lending for Equipment Upgrading data is updated quarterly, averaging 200.000 RMB bn from Sep 2022 (Median) to Sep 2024, with 9 observations. The data reached an all-time high of 200.000 RMB bn in Sep 2024 and a record low of 200.000 RMB bn in Sep 2024. China Re-lending: Quota: Special Lending for Equipment Upgrading data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KA: Structural Monetary Policy Instruments.

As of June 2021, the main reason why Chinese consumers had not yet upgraded to a ** subscription was that they had not yet bought a ** capable smartphone. Another ** percent of consumers stated that the subscription fee was too high. Nonetheless, in 2020, already more than half of Chinese smartphone shipments had ** functionality.

China Power EPC Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period.

Key Market Drivers: Demand For Renewable Energy Sources: The transition to cleaner energy sources is anticipated to drive the adoption of EPC services in solar, wind, and hydropower projects. This shift is projected to be fueled by stringent environmental regulations and international commitments to reduce carbon emissions. The high renewable energy capacity, projected to reach 1,020 GW by 2022, along with the world's largest solar power installations totaling 392 GW, and a wind power capacity of 365 GW, serve as a key driver for increasing the targeted share of renewable energy to 35% of the total energy mix by 2030. Investments In Power Infrastructure: Rising global energy consumption is expected to result in significant investments in upgrading and expanding power grids. These investments are estimated to focus on enhancing efficiency, reliability, and accessibility across urban and rural regions. The driver of total power infrastructure investment, totaling USD 380 Billion in 2022, alongside an annual $95 billion spending on grid modernization, underscores the significant financial commitment to upgrading and expanding China's power grid. Urbanization And Industrialization Rates: Rapid urbanization and industrial growth are anticipated to drive demand for robust energy solutions and modernized power systems. China Power EPC services are projected to be critical in meeting the infrastructural needs of expanding cities and industrial zones. Adoption Of Technological Advancements: The integration of smart technologies, such as IoT and AI, in power systems is likely to require specialized EPC expertise. These innovations are expected to optimize operational efficiency and enable predictive maintenance in energy infrastructure. Government Support And Policies: Favorable government policies, subsidies, and incentives for energy projects are estimated to boost the demand for EPC services. Supportive frameworks are anticipated to streamline project approvals and foster private-sector participation in the power sector.

3643 Global import shipment records of Upgrade Kit with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Over the five years through 2024, revenue for the Bicycle Manufacturing industry in China is expected to decrease at an annualized 5.1%, to total $9.6 billion. The main drivers of industry growth have been increasing domestic and overseas demand, particularly for the high-end market, and the bicycle sharing sector. In 2024, industry revenue is expected to grow by 5.9%.Exports account for a large share of industry revenue. In 2024, exports are expected to account for 81.3% of total revenue. Gradual product upgrading and popularity of high-end bicycles benefit growing profitability over the past few years. In 2024, average industry profit is estimated to account for 4.0% of total revenue.Industry revenue is forecast to grow at an annualized 4.0% over the five years through 2029, to $11.6 billion. Demand for bicycles will continue to depend on the bicycle sharing sector, product innovation, domestic income levels, the development of export markets, substitution effects from competing industries, and consumer attitudes toward bicycles.Standard bicycles are the industry's most popular products in the domestic market. Shared bicycles in China were only introduced in recent years. However, due to rising incomes and changing Chinese consumption patterns, medium- and high-end bicycles are projected to become the industry's major product segments over the next five years. Bicycles will no longer just be an alternative vehicle for cars or buses, but a means for exercise and showing one's environmental consciousness.

Road Infrastructure Investment: Euro data was reported at 699,731,000,000.000 EUR in 2022. This records an increase from the previous number of 626,834,000,000.000 EUR for 2021. Road Infrastructure Investment: Euro data is updated yearly, averaging 142,354,000,000.000 EUR from Dec 1995 (Median) to 2022, with 25 observations. The data reached an all-time high of 699,731,000,000.000 EUR in 2022 and a record low of 3,407,180,164.000 EUR in 1995. Road Infrastructure Investment: Euro data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.ITF: Transport Infrastructure, Investment and Maintenance: Non OECD Member: Annual. [STAT_CONC_DEF] Capital expenditure on new road infrastructure or extension of existing roads, including reconstruction, renewal (major substitution work on the existing infrastructure which does not change its overall performance) and upgrades (major modification work improving the original performance or capacity of the infrastructure). Infrastructure includes land, permanent way constructions, buildings, bridges and tunnels, as well as immovable fixtures, fittings and installations connected with them (signalisation, telecommunications, toll collection installations, etc.) as opposed to road vehicles. [COVERAGE] Data should include both government and private investment, unless otherwise specified.