BEIJING, August 6(ABC): China has increased lending support for the private sector, according to its top banking and insurance regulator. Outstanding loans to private enterprises by banking financial institutions stood at 58.2 trillion yuan (8.64 trillion U.S. dollars) at the end of June, up 11.4 percent from a year ago, according to the China Banking and Insurance Regulatory Commission. New …

BEIJING, August 6(ABC): China’s bulk commodity market saw slower growth in July compared with the previous month, industrial data showed. The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 101.3 percent last month, down 0.2 percentage points from that in June, according to the China Federation of …

BEIJING, August 6(ABC): China said Friday it was ending cooperation with the United States on key issues including climate change — a move Washington decried as “fundamentally irresponsible” as relations between the two superpowers nosedive over Taiwan. The damaging rift, which carries significant geostrategic risk, was triggered by Chinese fury over a visit by US House Speaker Nancy Pelosi to …

PHNOM PENH, August 6(ABC): Chinese State Councilor and Foreign Minister Wang Yi met here Friday with Brunei’s Second Minister of Foreign Affairs Haji Erywan on the sidelines of the meetings of foreign ministers on East Asia cooperation. Noting that China-Brunei relations have maintained steady development momentum, Wang said the two countries have always respected, understood and supported each other despite …

TAIPEI, August 4(ABC): China deployed scores of planes and fired live missiles near Taiwan on Thursday in its biggest drills in the Taiwan Strait, a day after US House of Representatives Speaker Nancy Pelosi made a solidarity trip to the self-ruled island. China’s military confirmed multiple firings of conventional missiles in waters off Taiwan as part of planned exercises in …

BEIJING, August 4(ABC): China’s national observatory on Thursday continued to issue a yellow alert for high temperatures as a scorching heatwave lingers in a vast area of the country. During daylight hours on Thursday, parts of Shaanxi, Hebei, Beijing, Tianjin, Shandong, Henan, Anhui, Jiangsu, Shanghai, Hubei, Hunan, Jiangxi, Zhejiang, Fujian, Sichuan, Chongqing, Guizhou, and Guangxi are expected to experience temperatures …

BEIJING, August 4(ABC): China’s ports posted smooth operation in July with steady throughput growths, industrial data showed Thursday. The total throughput of ports monitored by the China Ports & Harbours Association rose 8.4 percent year on year in July, with that for foreign trade climbing 6.3 percent. In July, the container throughput of eight coastal container hub ports increased by …

BEIJING, August 4(ABC): The State Grid Corporation of China (State Grid) said on Thursday that it will start constructing a new batch of ultra-high voltage (UHV) projects in the second half of the year. With a total investment of more than 150 billion yuan (about 22 billion U.S. dollars), these projects are expected to further leverage the role of power …

BEIJING, Aug 04 (ABC): China has conducted a series of naval-air joint drills around the Taiwan island in response to what has been seen as a reckless and provocative visit by U.S. House of Representatives Speaker Nancy Pelosi to the country’s Taiwan region. The drills featured the Navy, Air Force, Rocket Force, Strategic Support Force and Joint Logistic Support Force …

BEIJING, August 2(ABC): China has built an extensive network of “road chiefs” across the country to take care of roads in rural areas. By the end of June, the country had 641,000 “road chiefs,” people in counties, townships, and villages who are in charge of local rural roads’ maintenance and management, according to the Ministry of Transport (MOT). The road …

SHANGHAI, August 2(ABC): Crude oil futures closed lower Tuesday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for September 2022 delivery was down 19 yuan (about 2.82 U.S. dollars) to close at 681 yuan a barrel. The total trading volume for 11 listed crude oil futures contracts on the exchange was 308,018 lots, …

BEIJING, August 2(ABC): Chinese foreign minister Wang Yi said on Tuesday that those US politicians who “play with fire” on the Taiwan issue will “come to no good end”, according to a ministry statement. China has been in communication with the United States over US House of Representatives Speaker Nancy Pelosi’s expected visit to Taiwan, Chinese foreign ministry spokesperson Hua …

BEIJING, August 1(ABC): As many as163 Pakistani businessmen chartered to China’s Yiwu city to promote Pak-China Trade, reported on Monday. “Yiwu is my second hometown. I am really grateful to the Yiwu municipal government and Zhejiang Eman Logistics for arranging this charter flight. I will work harder and contribute to the economic and trade cooperation between China and Pakistan!” Asif, …

BEIJING, August 1(ABC): The wholesale prices of China’s agricultural products rose slightly last week, data from the Ministry of Agriculture and Rural Affairs showed. From July 22 to 28, the China agricultural product wholesale price index came in at 123.33, edging up 0.3 points week on week, according to the ministry. On a weekly basis, the average wholesale price of …

BEIJING, August 1(ABC): China’s benchmark prices for spot interbank gold transactions were higher Monday, according to the China Foreign Exchange Trade System. The benchmark price for gold of 99.95 percent pure or above stood at 382.75 yuan (56.7 U.S. dollars) per gram, up 3.68 yuan from the previous trading day, while that for gold of 99.99 percent pure or above …

BEIJING, August 1(ABC): A Chinese Foreign Ministry Spokesperson said on Monday that three bilateral meetings between Chinese State Councilor Wang Yi and Foreign Minister Bilawal Bhutto Zardari in three months fully demonstrated the close ties between China and Pakistan. “You are rightly saying that. This fully demonstrates the close ties between China and Pakistan,” Zhao Lijian said during his regular …

BEIJING, August 1(ABC): China said on Monday that its military “not sit idly by” if U.S. House of Representatives Speaker Nancy Pelosi visits Taiwan. The latest warning was issued during a Chinese foreign ministry regular briefing. Spokesperson Zhao Lijian also said that because of Pelosi’s status as the “No. 3 official of the U.S. government”, a visit to Taiwan, which …

SHENZHEN, August 1(ABC): On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle halt, while the safety driver looks on from the …

BEIJING, July 31(ABC): Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Sunday attended a reception to celebrate the 95th founding anniversary of the People’s Liberation Army (PLA), which falls on Aug. 1. The reception was held at the Great Hall of the People by the Ministry of National Defense. Xi, also Chinese president and …

BEIJING, July 31(ABC): China recorded a decline in passenger transport in urban areas in the first half of this year (H1), official data showed. In the January-June period, the number of passenger trips in 36 major cities stood at 20.7 billion, down 22.1 percent year on year, according to the Ministry of Transport. The northern city of Shijiazhuang reversed the …

DALIAN, July 31(ABC): A new mail shipping route has been launched between Shenyang, capital of northeast China’s Liaoning Province, and Sydney in Australia, to meet the demand for international mail and cross-border e-commerce. On Thursday, a consignment of parcels left Shenyang for Liaoning’s port city of Dalian, from where it will be shipped to Sydney via sea, marking the launch …

BEIJING, July 31(ABC): China’s major dairy producers registered output growth in the first half of this year, official data showed. In the January-June period, major dairy producers saw their output rise 1 percent year on year to nearly 15.11 million tonnes, according to data from the Ministry of Industry and Information Technology. In June alone, dairy production stood at 2.75 …

BEIJING, July 31(ABC): China’s local governments have issued over 4.02 trillion yuan (about 596.11 billion U.S. dollars) worth of bonds in the first half of this year, data from the Ministry of Finance showed. Of the total, the issuance of general bonds stood at 614.8 billion yuan, while the special bond issuance came in at nearly 3.41 trillion yuan in …

BEIJING, July 31(ABC): China will make great efforts to consolidate its economic recovery, particularly in the crucial third quarter, putting a priority on stabilising employment and prices, state media reported after a regular cabinet meeting. The world’s second-biggest economy narrowly missed a contraction in the second quarter, growing just 0.4% year-on-year, weighed down by Covid-19 lockdowns, a weak property sector …

BEIJING, Jul 30(ABC):China has allowed 23,000 enterprises to defer a total of 7.11 billion yuan (about 1.05 billion U.S. dollars) of housing provident fund contributions as of July 20, an official said on Friday. A supportive policy allowing the deferral of housing provident fund payments was rolled out in May and has helped enterprises and individuals tide over difficulties amid …

CHANGSHA, Jul 29(ABC): A total of 14 trade and economic cooperation projects and agreements worth nearly 170 million U.S. dollars were inked between China and various African countries on Thursday in central China’s Hunan Province. The deals, covering areas such as regional cooperation, strategic agreement, project financing, investment cooperation and trade procurement, were signed at the Promotion Conference for China …

BEIJING, Jul 29(ABC): The China-Switzerland Stock Connect program was officially launched on Thursday, China’s top securities regulator has said. Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), and Daniela Stoffel, state secretary of the Swiss Federal Department of Finance, jointly announced the official launch of the program and delivered speeches. The China-Switzerland Stock Connect has opened a …

PHNOM PENH, July 29 (ABC): The China Development Bank, one of the country’s policy banks, has issued 12 billion yuan (about 1.78 billion U.S. dollars) of green bonds for the protection and restoration of the ecological system in the Yangtze River basin. The raised funds will be used to support green projects such as water pollution treatment, agricultural and rural …

TASHKENT, July 29(ABC): Chinese State Councilor and Foreign Minister Wang Yi met here on Thursday with Russian Foreign Minister Sergei Lavrov on the sidelines of the meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO). Wang said that faced with the current severe and complex international situation, China and Russia, as two major countries and permanent …

BEIJING, July 30 (ABC): Consul General of Pakistan in Shanghai, Hussain Haider said that China was the largest market for Pakistan’s gemstones and there is an immense potential for Pakistan to increase its exports of gemstones to China. “Pakistani companies need to understand the preferences and requirements of Chinese buyers to increase their presence in the Chinese market,” he said …

SANYA, July 30(ABC): China has collected 220,000 new agricultural germplasm resources since it launched a large-scale census in 2021, said a conference on the seed industry in Sanya, south China’s Hainan Province. These resources include 110,000 crops, 60,000 poultry, and 50,000 aquatic germplasm resources, according to the ongoing 2022 China Seed Congress and Nanfan Agricultural Silicon Valley Forum. World-class national …

BEIJING, July 29(ABC): Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has stressed further implementing the strategy of strengthening the armed forces by training competent personnel in the new era. Presiding over and addressing a group study session of the Political Bureau of the CPC Central Committee on Thursday, Xi also urged efforts to give …

BEIJING, July 29(ABC): If the United States challenges China’s red line, it will be met with resolute countermeasures, Chinese Foreign Ministry spokesperson Zhao Lijian said on Friday. The U.S. side must bear all consequences arising therefrom, Zhao said at a daily news briefing when answering a query on whether U.S. House of Representatives Speaker Nancy Pelosi’s potential visit to Taiwan …

BEIJING, July 29(ABC): Chinese Premier Li Keqiang on Friday called for efforts to detail measures to expand demand, promoting effective investment and increasing consumption. Chairing a State Council executive meeting, Li stressed the importance of guaranteeing good autumn grain production to achieve a bumper harvest this year. The premier also called for efforts to cope with natural disasters and ensure …

TASHKENT, July 29(ABC): Chinese State Councilor and Foreign Minister Wang Yi met here on Thursday with Pakistani Foreign Minister Bilawal Bhutto Zardari on the sidelines of the meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO), discussing bilateral relations and issues of mutual interests. Noting that China and Pakistan are true friends and good brothers who …

BEIJING, July 29(ABC): China’s green loans had maintained fast expansion from the end of June 2021 to the end of June 2022 as the country steps up green growth efforts, a central bank report showed Friday. Outstanding green loans in yuan and foreign currencies reached 19.55 trillion yuan (about 2.90 trillion U.S. dollars) by the end of June, jumping 40.4 …

URUMQI/HANGZHOU, July 29(ABC): After finishing the school year in east China’s Zhejiang Province in early June, over 200 students from Xinjiang Uygur Autonomous Region some 5,000 kilometers away embarked on their homeward journeys. More than 20 teachers from the Changxing Vocational and Technical Education Center School also boarded the train. They were not only chaperoning the trip, but were also …

BEIJING, July 29 (ABC): A Chinese Defense Ministry Spokesperson said that the recently concluded China-Pakistan joint naval exercise off Shanghai had consolidated the traditional friendship between the two countries and the two militaries, and enhanced the ability of the two navies to jointly deal with maritime security threats. The China-Pakistan joint maritime exercise “Sea Guardians-2” was held from July 10 …

BEIJING, July 29(ABC): “China is ready to continue to do its utmost to provide help to local social development and livelihood improvement”, Chinese Foreign Ministry Spokesperson Zhao Lijian said on a regular press conference in response to a question regarding Balochistan receiving a new relief package from China against heavy rains, reported on Thursday. “I have noted that the monsoon …

WASHINGTON, July 28(ABC): President Joe Biden and Chinese counterpart Xi Jinping spoke by phone Thursday on mounting tensions over Taiwan, a festering trade dispute and their bid to keep the superpower rivalry in check. The White House said the phone call started at 8:33 am in Washington (1233 GMT). A statement would be issued after the call ended, a spokesman …