Chinese scientists have successfully developed ultra-high pure graphite, reflecting that the China's graphite products now reach the world's leading standards, Xinhua News Agency reported on Tuesday.

At a press conference held in Hegang, Northeast China Heilongjiang Province, Wang Jionghui's team from China Minmetals Co unveiled innovational breakthrough in graphite purification technology, successfully producing ultra-high pure graphite with 99.99995 percent purity. This achievement positions China as a global leader in the making of ultra-high pure graphite, according to Xinhua.

Wang's research team has revolutionized graphite purification process by developing a process in tandem with top equipment manufacturers in the country. Their innovative approach, which merges physical-chemical, low and high-temperature, and ultra-high vacuum purification, elevates graphite purity from 95 percent to 99.99995 percent, while ensuring stable product quality. Additionally, their integrated process significantly reduces production cost.

Ultra-high pure graphite, which contains more than 99.99 percent carbon, features excellent self-lubrication, conductivity, corrosion and high-temperature resistance, and chemical stability, Liu Enqiao, a senior analyst at Beijing-based Anbound Think Tank, told the Global Times on Tuesday.

"The higher the purity of graphite is, the better the graphite's lubricity, conductivity, corrosion resistance and chemical stability. Such materials are extensively used in advanced industrial sectors such as aerospace, superconductors, integrated circuits, and semiconductors," Liu stated. 

"Currently, the breakthrough is still at an experimental stage with its commercial viability still under evaluation. If commercialized, the pure graphite would enable China to play a prominent role in the market. The demand for high-purity graphite in cutting-edge industrial sectors has been growing, and the technological advancement could significantly liberate us in this field, reducing our dependencies," Liu added.

Founded in 1950, China Minmetals Co has taken metals and minerals as its core business, operating as a state-owned capital investment company.

It operates one of the world's largest graphite mines in Hegang city, Heilongjiang Province, with a facility producing 200,000 tons annually and has phased in a set of deep-processing industrial chain. Now, Wang's team is accelerating the development of high-end anode materials, nuclear-grade graphite, as well as semiconductor-grade graphite.

Monday marked the third anniversary since the establishment of the Beijing Stock Exchange (BSE) was announced by Chinese President Xi Jinping, the first bourse based in the capital city, at the China International Fair for Trade in Services in September 2021. Based on various institutional innovations and market reforms, the BSE has developed rapidly since its inception, and has become an accelerator that's turbocharging the growth of innovation-oriented small and medium-sized enterprises (SMEs).

Analysts envision the BSE evolving into a well-regulated, influential and dynamic stock market over the next few years, noting that improved capital market services for the country's sci-tech innovations will contribute to the development of new quality productive services in China and the country's economic upgrade and transformation.

Within about three years, the BSE has guided significant capital flow to SMEs engaged in technological breakthroughs, advanced manufacturing and green development, becoming an important force driving the development of new quality productive forces and specialized, high-end and innovation-driven SMEs, or referred to as "little giants."

Latest data from the BSE showed that the number of eligible investors has exceeded 7 million, with institutional investors including private equity, public funds and insurance firms, domestic news outlet Yicai reported on Monday.

As of Sunday, 251 companies are listed on the bourse, with the combined market capitalization hitting 300 billion yuan ($42.23 billion). High-tech companies account for more than 90 percent of the listed companies, the data showed.

"Different from Shanghai and Shenzhen stock exchanges, the BSE is a market more focused on early-stage, small, and innovative companies. Setting up the BSE is of vital importance in creating a multi-level capital market, improving support for SMEs, and promoting innovation-driven development," Wan Zhe, an economist and professor at the Belt and Road School of Beijing Normal University, told the Global Times on Monday.

Over the past three years, the development of BSE has always followed its strategic positioning and development goals, with multiple trading systems rolled out and various investors participating in market trading, Wan said.

"The BSE is a perfect platform through which SMEs can gain access to capital and then expand investment in research and development (R&D) and production," a general manager with a Beijing-based new material company told the Global Times on Monday. The manager declined to be named since the company is in the process of stock flotation on the BSE.

The launch of the BSE came only two months after China announced the plan for setting up a new stock exchange, a move widely welcomed by the market as it aims to address the long-standing financing conundrum of SMEs.

The China Securities Regulatory Commission in September 2023 released a 19-point set of guidelines to drive the high-quality development of the BSE, calling for listings of better-quality companies, more mutual-fund products to track the market and greater participation by overseas investors.

"Looking ahead, the BSE should accelerate the listing of high-quality innovation enterprises, especially by expanding the fundraising channel for 'little giants,' so as to form a reasonable market scale. Meanwhile, efforts are needed to strengthen market foundation, including law improvement, smooth delisting and investor rights protection," said Tian Xuan, vice president of the Tsinghua University PBC School of Finance.

The BSE should further improve capital market services, for example, rolling out BSE-themed creative investment products, boosting its opening-up and introducing long-term and overseas capitals, in a bid to sustainably spark market vitality and gather more high-quality innovation enterprises, according to Tian.

In January 2024, the corporate and enterprise bond market of the BSE started trading, marking a key step in the bourse's high-quality development. It only took 87 days from the release of relevant rules to bond trading, as the market once again witnessed the "speed of the BSE."

"The Chinese economy has shifted toward a stage of high-quality development and is currently at a critical period of transforming its economic development model. At the crucial moment, the BSE can take the Nasdaq Stock Market as a benchmark to step up support for tech innovations so as to contribute to the country's industrial upgrade and high-quality growth," Wan said.

In April, the State Council released a new guideline on strengthening regulations, forestalling risks and promoting the high-quality development of the capital market, which will provide strong guarantees for the healthy, long-term development of the country's capital market.

Chinese President Xi Jinping on Monday met with Comorian President Azali Assoumani, who is in Beijing for the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).

On the remote island of Baisha in East China's Zhejiang Province, a community of elderly residents live quietly, far from the bustling cities. As the Chinese New Year approached in 2023, British host Tim Hague and his friend arrived on the island, talking with locals and helping prepare for the festival feast for the elderly.    

Their visit, captured in the ongoing documentary series Towards a Shared Future, highlights the ways in which technology and community care are enabling the elderly in rural China to lead healthier and more fulfilling lives.

The documentary, currently airing on domestic video platform Youku, focuses on the broad theme of "common prosperity." Common prosperity, an essential requirement of socialism and a key feature of Chinese modernization, aims to create a future in which prosperity is shared by everyone in the country, according to the Xinhua News Agency.

Directed by Zhang Wei, the series invites Hague - a renowned British television presenter and former BBC host - to explore various parts of Zhejiang Province from a global perspective to tell the real stories of ordinary Chinese people as China continues on its path to modernization..

"After extensive research, we decided to present this story through an international lens to illustrate the relationship between the ordinary people and the concept of common prosperity," Zhang said at the documentary's global premiere in Beijing on Wednesday. 

"Zhejiang, with its balanced urban and rural development, is like a microcosm of China, making it the perfect setting for this documentary," he noted.

In 2021, China introduced guidelines to develop Zhejiang as a demonstration zone for common prosperity, aiming to balance regional and urban-rural development across the country. This initiative is also one of the reasons the documentary was filmed in Zhejiang, showcasing the province's role as a leader in this national effort.

Hague's curiosity and questions drive the narrative of Towards a Shared Future. With a deep interest in Chinese culture and development, Hague, who has visited China multiple times, explores the lives and relationships of people in rural areas. 

According to Zhang, the documentary, presented largely from Hague's perspective, reveals his observations and discoveries about the unique connections between villagers, volunteers, and the broader community.

The three-part series addresses five key issues: healthcare, elderly care, education, environmental protection, and the global promotion of traditional culture. 

"Tim's curiosity about China's customs, the relationships between people, and the everyday joys and struggles of ordinary people is what shapes the storytelling in this documentary," Zhang explained. "We want to uncover the stories behind his questions, and through those stories, reveal a broader theme."

For example, in the recently aired first episode, Hague visited the Jingning She autonomous county in Zhejiang, where he experienced local wedding customs, spoke with a traditional heritage practitioner, and tried his hand at weaving She ethnic ribbons. In Kaihua county, Zhejiang, he interacted with local volunteers, took part in their daily activities, including visiting a boy with a congenital disease, and assisted at an elderly care cafeteria run by the local government.

On Baisha Island, the local government regularly sends medical teams to provide free checkups. For those with limited mobility, doctors will visit their homes for checkups. In addition to medical care, the elderly receive help with haircuts, tailoring, and tool sharpening.

"Common prosperity is not just a concept; it's built on countless small stories of ordinary people," Zhang said. "It's like constructing a building - each of us is a part of the foundation. When all these individual stories come together, the concept of common prosperity truly takes shape."

Towards a Shared Future will also be broadcast on domestic television and translated into multiple languages for global audiences. 

"We hope that through this documentary, viewers around the world who are unfamiliar with China will gain an understanding of the reality of our country - our people's daily lives, their aspirations, and their spirit," Zhang told the Global Times.