BEIJING, CHINA – Media OutReach Newswire – 31 December 2024 – CGTN publishes an article on a special interactive page named “Chinese Modernization, People’s Well-being Matters Most,” which details China’s modernization drive and high-quality development in various areas in 2024 through visual effects and in-depth stories. The article summarized Chinese President Xi Jinping’s domestic tour in 2024, and highlighted his care for improving people’s well-being in various areas and promoting high-quality development, stressing that “the people’s well-being matters the most in Chinese modernization.”
As 2025 draws near, China’s consumption has shown signs of revitalization as various regions and departments have enhanced the supply in the country’s consumption market.
Official data showed that the country’s popularity index for offline consumption increased by five percent year on year, and the popularity index of services showed a year-on-year jump of 10.6 percent.
The boom in consumption highlights the improvement of people’s livelihoods. “As far as Chinese modernization is concerned, the people’s well-being matters the most,” Chinese President Xi Jinping said while inspecting Chongqing Municipality in April.
During Xi’s domestic tours in 2024, “people” was one of the most frequently mentioned keywords, according to an analysis by CGTN, joined in the top 10 by others such as “development,” “modernization,” “economy,” and “ecology,” underscoring the direction and key elements of China’s path to modernization.
“Chinese Modernization, People’s Well-being Matters Most,” a special interactive page launched by CGTN, details China’s modernization drive and high-quality development in various areas in 2024 through visual effects and in-depth stories.
People’s well-being matters most
Xi has often stressed that every issue that affects the people, big or small, deserves the utmost care and attention.
During his inspection tours around China this year, he visited ordinary people to learn about their lives, from their incomes and housing to healthcare, education, and elderly care services.
“The Communist Party of China (CPC) is dedicated to serving the people, and the well-being of the people of all ethnic groups and every household is my concern,” Xi said while visiting a multi-ethnic residential community in Yinchuan, northwest China’s Ningxia Hui Autonomous Region in June.
According to China’s Ministry of Finance, 70 percent of the government’s expenditure in 2024 has gone toward ensuring the people’s well-being.
The country has raised its expenditure in the national general public budget to about 28.55 trillion yuan ($3.91 trillion) this year, up 4 percent from the previous year, with projected budgets for education, social insurance and employment each surpassing 4 trillion yuan in 2024.
A bumper harvest
Grain security and rural revitalization have also been high on Xi’s agenda in 2024.
He has frequently visited the countryside during his inspection tours, engaging with workers in fields, greenhouses and orchards and asking in-depth questions about various aspects of rural and agricultural life, from crop production to incomes.
When visiting a village in Hunan Province in March, Xi inspected preparations for spring farming. He emphasized that, with a population exceeding 1.4 billion, China must secure its own grain supply.
The latest National Bureau of Statistics of China data showed that in 2024 the country’s total grain output exceeded 706 million tonnes, an increase of 1.6 percent over the previous year, hitting a new record high.
This year’s bumper harvest was accompanied by a rise in grain planting areas in the country, which stood at over 119 million hectares, up 0.3 percent year on year. Additionally, grain output per unit area increased by 1.3 percent, the data showed.
In another positive development, China’s food security law, aimed at ensuring the supply of grain and related products, took effect in June.
Accelerating rural revitalization
Since China’s elimination of absolute poverty in 2021, the country’s focus on rural work has shifted to rural revitalization. Xi has stressed that to advance Chinese modernization, efforts must be made to accelerate rural revitalization.
China has identified 160 major counties for national rural revitalization assistance and allocated over 177 billion yuan in subsidies to support their development in 2024.
In the first three quarters of this year, the per capita disposable income of rural residents reached 16,740 yuan, a real-term annual increase of 6.3 percent.
Meanwhile, the central government allocated development funds of 7.4 billion yuan to improve production and living conditions in ethnic minority dominant villages and to protect and develop such villages.
The country has also launched monitoring and support mechanisms to prevent once-poor populations from falling back into poverty.
Work-relief programs to boost employment were also implemented this year. As of the end of October, the total scale of employment for poverty-stricken people in China had reached 33.079 million, exceeding the annual target by 2.888 million, providing strong support for consolidating and building on the achievements of poverty alleviation.
Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers
MUMBAI, India, April 30, 2026/APO Group/ –Aurionpro Solutions Limited (www.AurionPro.com) (BSE: 532668 | NSE: AURIONPRO), a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries.
This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience, streamline operations, and support growing transaction volumes as it expands its regional corporate banking footprint. DTB continues to focus on building a more agile, ‘digital-first’ banking experience, particularly around payments for its corporate customers across Africa, and is now well positioned to scale these capabilities. As part of its broader transformation agenda, the bank has been steadily investing in platforms that enhance scale, reliability, and service consistency across markets.
Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility
Aurionpro’s upgraded iCashpro platform for DTB delivers a unified digital experience across payments, trade, virtual accounts, and real-time reporting, enhancing straight-through processing, visibility, and control for both the bank and its corporate customers. By enabling DTB to standardize and scale its transaction banking operations across countries, the platform ensures consistent service levels, stronger control, and improved efficiency. It also supports enhanced user experience, advanced security, and the flexibility to introduce new features as DTB expands its regional transaction banking footprint.
Murali Natarajan (https://apo-opa.co/48trPdk), Managing Director & CEO, DTB Kenya commented: “We are delighted to strengthen and broaden our partnership with Aurionpro Solutions as part of DTB’s ongoing digital transformation journey across multiple markets. Our focus on innovation, operational excellence, and customer-centricity continues to guide our technology investments. This upgrade strengthens our transaction banking capabilities, enabling us to deliver greater value to our customers through robust digital channels and seamlessly integrated experiences.”
Ashish Rai, Group CEO, Aurionpro Solutions, commented: “We are pleased to deepen our multi-country engagement with Diamond Trust Bank and support the next phase of its transaction banking modernization. As DTB continues to scale across markets, platform resilience and consistency become paramount. Through this partnership, we are proud to lead the next era of transformation in transaction banking, helping DTB enhance operational agility, deliver superior experiences to corporate customers, and create long-term value across geographies.”
He added, “Aurionpro’s iCashpro lays a strong digital foundation for transaction & wholesale banks across the globe to grow their corporate and SME client portfolio today, while creating a clear roadmap for next- generation capabilities in AI-driven insights, advanced automation and API-led connectivity for businesses in Kenya and across Africa.”
Distributed by APO Group on behalf of Aurionpro Solutions Ltd.
Minerals Council CEO to share insights on policy, infrastructure and investment trends shaping South Africa’s mining industry
CAPE TOWN, South Africa, April 30, 2026/APO Group/ –The upcoming African Mining Week (AMW) conference will feature Mzila Mthenjane, CEO of the Minerals Council of South Africa, as a speaker. Scheduled for October 14 – 16, 2026 in Cape Town, the event will bring together global investors, policymakers and industry leaders, with Mthenjane’s participation highlighting the council’s commitment to engaging international stakeholders and promoting investment across South Africa’s mining sector.
His participation comes at a critical moment as the Minerals Council works closely with government on finalizing the Mineral Resources Development Bill 2025, a policy framework aimed at strengthening the country’s mining investment climate and the sector’s contribution to GDP. According to the council, the revised legislation will support new investment across the value chain as South Africa seeks to mobilize R2 trillion over the next five years to unlock its critical minerals potential.
The policy reforms come amid shifting production trends in the sector. In 2025, South Africa recorded declines in gold and platinum group metals output of 1.9% and 4.1%, respectively. The new regulatory framework is expected to strengthen public-private partnerships and stimulate investment, enabling South Africa to increase production and capitalize on strong global commodity prices. Increased private sector investments is crucial with South Africa seeking targeting to unlock an estimated R40 trillion in untapped iron ore potential as well as maintain its position as the world’s leading producer of chrome and manganese.
At AMW 2026, Mthenjane is expected to outline these trends, providing insights into how the council is contributing to addressing challenges disrupting the sector. Infrastructure and energy costs remain key concerns for industry players. To support the energy-intensive sector, South Africa approved a 35% reduction in electricity tariffs for major ferrochrome producers, helping stabilize an industry that has faced significant cost pressures after electricity prices surged by roughly 900% since 2008.
Logistics constraints are also a priority area for reform. South Africa’s economy is losing an estimated R1 billion per day due to inefficiencies across rail and port infrastructure. As a result, the government is considering measures supported by the Minerals Council to increase private sector participation in logistics. Planned reforms include rail modernization initiatives targeting 250 million tons of freight capacity by 2029, alongside port upgrades and private operator participation aimed at strengthening mineral exports and improving supply chain efficiency.
Beyond infrastructure and policy reforms, the Minerals Council is advocating for stronger exploration investment to support long-term industry growth.
At AMW, Mthenjane is expected to highlight these developments and outline the steps required to reinforce South Africa’s position in the global minerals supply chain. His insights will offer investors and stakeholders a timely perspective on opportunities within the country’s mining sector.
Distributed by APO Group on behalf of Energy Capital & Power.
Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system
CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.
Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.
Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments
In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.
Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.
Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.
Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.
“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”
Distributed by APO Group on behalf of African Energy Chamber.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.