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CGTN published an article on Chinese President Xi Jinping’s inspection tour of central China’s Henan Province. Focusing on the province’s efforts to boost high-quality development and enhance governance efficiency, the article highlights the Chinese president’s emphasizing that high-quality development is fundamental to advancing Chinese modernization.
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BEIJING, May 21, 2025 (GLOBE NEWSWIRE) — Located in Luoyang in central China’s Henan Province, Luoyang Bearing Group Co., Ltd. is a traditional manufacturing firm that has invested heavily in scientific and technological research and made significant progress in industrial upgrading in recent years.
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The firm has built a leading domestic bearing test platform for aerospace, wind power generation, high-speed railways, and new energy vehicles and has realized full digitalization of products from design, material selection, and production to delivery by applying technologies such as 5G Industrial Internet of Things.
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During the 14th Five-Year Plan (2021–2025) period, the firm made 13 sci-tech achievements that reached international standards. Its wind turbine main bearings now hold over 40 percent of the domestic market share.
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“Modern manufacturing relies on sci-tech empowerment,” Chinese President Xi Jinping said on Monday while visiting the enterprise during an inspection tour of the province, calling for greater efforts in the quest for core technological breakthroughs and pursuit of a path of independent innovation.
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He underscored unwavering confidence in boosting high-quality development and enhancing governance efficiency, urging Henan to open a new chapter in advancing Chinese modernization.
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Boosting high-quality development
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By the end of 2023, Henan had become home to approximately 10.94 million business entities of various types. Several of them have continuously created new momentum for development by focusing on building a green, low-carbon and circular economic system, effectively reducing the resource and environmental costs of development and enhancing their development potential.
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The province has unveiled 27 provincial laboratories and six provincial industrial technology research institutes, which have become important platforms for developing new quality productive forces.
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The 27 laboratories focus on multiple cutting-edge fields, such as new materials, new energy, biomedicine, food technology and nanobiology. They have also integrated production, study, research and application, playing a major role in transforming and upgrading traditional industries and the high-quality development of strategic emerging industries.
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There are 12,000 high-tech enterprises in the province, and the annual average growth rate of technology contract transaction volume has reached 62.3 percent.
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