BEIJING, Jul 28(ABC): China’s benchmark prices for spot interbank gold transactions were lower Thursday, according to the China Foreign Exchange Trade System. The benchmark price for gold of 99.95 percent pure or above stood at 375.33 yuan (55.7 U.S. dollars) per gram, down 0.57 yuan from the previous trading day, while that for gold of 99.99 percent pure or above …

BEIJING, Jul 28(ABC): China’s pledge to increase crude palm oil (CPO) imports from Indonesia would significantly help boost the latter’s export values and raise the price of fresh fruit bunches (FFB), Indonesia’s coordinating minister for maritime affairs and investment said on Wednesday. “Thank you very much for China’s commitment to add their CPO import volume from Indonesia. This will help …

BEIJING, July 27(ABC): China must focus on addressing the problem of “unbalanced and inadequate development” in the next five years, Chinese President Xi Jinping told senior leaders this week. State broadcaster CCTV on Wednesday cited him making the comments in a special two-day meeting in Beijing on Tuesday, in which he laid out his vision for the next five years …

BEIJING, July 27(ABC): Chinese President Xi Jinping on Tuesday held talks with visiting Indonesian President Joko Widodo in Beijing. The two presidents had a comprehensive and in-depth exchange of views and reached a series of important common understandings on China-Indonesia relations and on international and regional issues of mutual interest. Expressing his delight that the two sides have decided on …

BEIJING, July 27(ABC): Chinese Premier Li Keqiang on Tuesday sent a message to Dinesh Gunawardena to congratulate him on taking office as Sri Lankan prime minister. In his message, Li said that China and Sri Lanka enjoy a profound traditional friendship, and are friendly neighbors and strategic cooperative partners. Since the establishment of their diplomatic ties 65 years ago, the …

BEIJING, July 27(ABC): Foreign enterprises have ridden the wave of China’s green transition over the past decade, as the country’s long-term pursuit of low-carbon and sustainable growth nurtures new business opportunities. From announcing “dual carbon” goals to advancing its national carbon market, China’s concrete efforts toward green development help energize related sectors, including the low-carbon transformation of traditional industries, new …

SHANGHAI, July 26(ABC): Crude oil futures closed higher Tuesday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for September 2022 delivery was up 26.4 yuan (about 3.91 U.S. dollars) to close at 678.5 yuan a barrel. The total trading volume for 11 listed crude oil futures contracts on the exchange was 251,905 lots, …

BEIJING, July 26 (ABC): China’s manufacturing sector saw an increase in research and development (R&D) investment during the 2012-2021 period, the Ministry of Industry and Information Technology (MIIT) said Tuesday. Investment in the sector’s R&D rose from 0.85 percent in 2012 to 1.54 percent in 2021, Wang Wei, an MIIT official, said at a press conference. In 2021, the R&D …

NANCHANG, July 26 (ABC): Over 100 exhibitors at the China International Import Expo (CIIE) attended a business cooperation activity in east China’s Jiangxi Province from Saturday to Tuesday. Co-organized by the Jiangxi provincial government and the Ministry of Commerce, the event launched activities to promote exchanges and cooperation in investment, trade and personnel between the guests and the province. A …

BEIJING, July 26(ABC): Chinese President Xi Jinping is expected to hold in-person talks in Beijing with his Indonesian counterpart Joko Widodo on Tuesday, in a rare visit to COVID-wary China by a foreign head of state. Indonesian President Joko Widodo is set to be the first foreign leader to meet Chinese President Xi Jinping in person since the Beijing Winter Games in February, when he travels …

BEIJING, July 26(ABC): The inaugural Beijing Culture Forum kicked off in the Chinese capital on Monday, with the theme “Inheritance, Innovation and Mutual Learning.” Huang Kunming, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, attended the opening ceremony of the forum. Addressing …

SHANGHAI, July 25(ABC): China’s index of export container transport went up in June, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) rose 3.5 percent month on month to 3,228.37 in the period, said the exchange. The sub-reading for the Persian Gulf/Red Sea service led the growth with a month-on-month expansion of 16.9 percent, followed by …

BEIJING, July 26(ABC): China on Monday gave conditional approval to domestic firm Genuine Biotech’s Azvudine pill to treat certain adult patients with COVID-19, adding another oral treatment option against the coronavirus. The availability of effective COVID vaccines and treatments is crucial in laying the groundwork for China’s potential pivoting from its “dynamic COVID zero” policy, which aims to eliminate every …

BEIJING, July 25(ABC): On Monday at 10:03 a.m. (Beijing Time), the Shenzhou-14 astronauts opened the hatch door of Wentian, the first lab module of China’s space station, and entered the module, according to the China Manned Space Agency (CMSA). It was the first time the Chinese astronauts had entered the lab module in orbit. The Wentian module, launched on Sunday …

BEIJING, July 25(ABC): China delivered sterner warnings to U.S. officials about House Speaker Nancy Pelosi s possible visit to Taiwan, a foreign ministry spokesman said on Monday, confirming a report by the Financial Times (FT). The FT report, published on Saturday, cited six people familiar with the Chinese warnings as saying they were significantly stronger than the threats that Beijing …

BEIJING, July 25(ABC): Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo s envoy to Beijing said on Monday as it negotiates for an emergency $4 billion package to help it emerge from an economic meltdown. The island nation of 22 million people is suffering its worst economic crisis since independence …

BEIJING, July 25(ABC): China’s population has slowed significantly and is expected to start to shrink ahead of 2025, the state backed Global Times reported, citing a senior health official. Birth data released late on Sunday showed that the number of new births in 2021 was the lowest in decades in several provinces. The number of births in central Hunan province …

BEIJING, July 25(ABC): Chinese President Xi Jinping sent a congratulatory message on Sunday to Bajram Begaj on assuming the office as Albanian president. Xi pointed out that China and Albania enjoy profound traditional friendship, adding that in recent years, with the joint building of the Belt and Road and China-Central and Eastern European countries (CEEC) cooperation as platforms, the two …

BEIJING, July 25(ABC): Chinese Vice Premier Han Zheng on Sunday watched the launch of Wentian, the first lab module of the country’s space station, at the Beijing Aerospace Control Center. Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, extended warm greetings and congratulations to all those participating in …

XINING, July 25(ABC): Chinese scientists launched an expedition on Sunday in the headwater regions of the Yangtze and Lancang rivers in northwest China’s Qinghai Province, to investigate the regions’ water resources and ecological environment. The expedition will conduct scientific investigations into the water resources, river hydrology, water ecology, glaciers, soil erosion and permafrost of the regions, among other things, according …

BEIJING, July 25(ABC): China’s food industry saw stable expansion in terms of production and sales in the first half of the year (H1), data from the Ministry of Industry and Information Technology showed. The value-added industrial output of the agricultural and sideline food processing sector rose 3.3 percent year on year in the period, while that of the food manufacturing …

BEIJING, July 25(ABC): On Monday, China’s national observatory continued to issue an orange alert for high temperatures as intense heat waves linger in many regions of the country. During daylight hours on Monday, Zhejiang, Fujian, Jiangxi, Hunan, Guangdong, Guangxi, Chongqing, Hubei, and parts of Guizhou, Sichuan, Jiangsu, Anhui, Inner Mongolia and Xinjiang are expected to experience temperatures of over 35 …

WEB DESK, July 25(ABC): China will fully respect privacy and protect personal information in using the digital yuan, state media quoted a senior central bank official as saying on Sunday, as Beijing encourages greater adoption of e-CNY. Limited anonymity is a key feature of the digital yuan, Mu Changchun, director-general of the central bank’s Digital Currency Research Institute said, noting …

BEIJING, July 24(ABC): China on Sunday launched the second of three modules to its permanent space station, in one of the final missions needed to complete the orbiting outpost by year’s end. A live feed on state broadcaster CCTV showed the 23-tonne Wentian (“Quest for the Heavens”) laboratory module launching on the back of China’s most powerful rocket, the Long …

BEIJING, July 23(ABC): Ten people were killed and seven injured Saturday after the collapse of a section of a mountain at a coal mine in China, state television channel CCTV reported. The accident took place around 11:15 am local time (0315 GMT) in the northwestern province of Gansu, said CCTV, adding that rescue operations are now over. Personnel were moving …

ISLAMABAD, Jul 23(ABC): The “China’s Grand Canal Overseas Tourism Promotion Season 2022” is officially launched and will continue until August 20. China Cultural Center in Pakistan will host the event online, where each day we will expose you to an intriguing program about China’s Grand Canal, including the promotion of local cultural and tourism projects, the screening of documentaries about …

CHIKANKATA, Jul 23(ABC): Zambia on Thursday signed with China two protocols on sanitary and phytosanitary export of soya bean meal and stevia leaves to the Asian country. The protocols were signed by Chinese Ambassador to Zambia Du Xiaohui and Zambia’s Minister of Agriculture Mtolo Phiri in the southern district of Chikankata in the presence of Zambian President Hakainde Hichilema who …

BEIJING, Jul 23(ABC): China and the Republic of Korea (ROK) have made “substantial progress” in the second phase of free trade agreement (FTA) negotiations, a spokesperson for China’s Ministry of Commerce said. The two sides have held nine rounds of formal negotiations so far, and recently reached a consensus on pushing forward follow-up negotiations, ministry spokesperson Shu Jueting told a …

BEIJING, Jul 23(ABC):Compared with the world’s major currencies, the Chinese currency renminbi (RMB), or the yuan, has posted a stable performance in value against the rising U.S. dollar so far this year, an official said. “In terms of the multilateral exchange rate, the RMB exchange rate index appreciated by 0.1 percent, indicating that the RMB remained stable against a basket …

BEIJING, July 23(ABC): China’s centrally administered state-owned enterprises (SOEs) have seen steady growth in revenue and profit in the first half of 2022 despite downward pressure, the country’s top state-owned assets regulator said. The country’s central SOEs raked in 19.2 trillion yuan (about 2.84 trillion U.S. dollars) in combined revenue in the first six months, a 12-percent expansion from a …

BEIJING, July 21 (ABC): Chinese President Xi Jinping sent a congratulatory letter to the World Youth Development Forum, which commenced Thursday in Beijing. The youth represent hope and are the architects of the future, Xi said in the letter, noting that China always regards young people as the driving force of social development, and encourages them to unleash their youthful …

SHENYANG, July 21(ABC): Senior Communist Party of China (CPC) official You Quan has urged efforts to prevent and defuse risks in the united front work and contribute to stable economic, social, and political environments. You, a member of the Secretariat of the CPC Central Committee and head of the United Front Work Department of the CPC Central Committee, made the …

BEIJING, July 21(ABC): The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in June 2022, with a share of 2.17 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The value of RMB payments increased by 6.61 percent compared to May 2022, while in general, …

BEIJING, July 21(ABC): The overall operations of China’s small and medium-sized banks are stable and their risks are generally controllable, an official said Thursday. The country’s small and medium-sized banks handled non-performing loans worth 594.5 billion yuan (about 87.8 billion U.S. dollars) in the first half of this year, up 118.4 billion yuan over the same period last year, Qi …

BEIJING, July 21 (ABC): At the invitation of Chinese President Xi Jinping, President Joko Widodo of the Republic of Indonesia will visit China from July 25 to 26, Chinese Foreign Ministry spokesperson Hua Chunying announced Thursday. In response to a question on the visit, Foreign Ministry spokesperson Wang Wenbin told a press briefing Thursday that Widodo is the first foreign …

BEIJING, July 21 (ABC): China has fined ride-hailing giant Didi 8 billion yuan ($1.2 billion), regulators announced Thursday, concluding a year-long investigation into alleged data security violations. The probe found “conclusive evidence” that Didi had committed violations of an “egregious nature”, the Cyberspace Administration of China (CAC) said in a statement. It accused Didi of illegally storing the ID information …

HONG KONG, July 20(ABC): The traditional Chinese versions of three books of President Xi Jinping’s discourses on various subjects and one book on stories in the Party history shared by Xi debuted Wednesday at the Hong Kong Book Fair. Among the books, one comprises 50 pieces of Xi’s important works on the subject of running the country by the people; …

BEIJING, July 20(ABC): Chinese State Councilor and Foreign Minister Wang Yi and his Sierra Leone’s counterpart, David John Francis, talked about bilateral ties in a phone conversation on Tuesday. In their talks, Francis, on behalf of his country, thanked the Chinese government and people for their valuable assistance to Sierra Leone’s economic and social development over the years, and since …

BEIJING, July 20(ABC): China’s hog supply in the second half (H2) of this year is guaranteed and hog prices will not grow continuously and substantially, an agricultural official said on Wednesday. “Overall, this round of hog price hikes were mainly caused by recovery-related and seasonal reasons,” Chen Guanghua, an official with the Ministry of Agriculture and Rural Affairs, said at …

BEIJING, July 20 (ABC): The United States should immediately stop plundering Syria’s national resources, a Chinese Foreign Ministry spokesperson said here Wednesday. Wang Wenbin made the remarks at a press conference when asked to comment on reports that U.S. occupation forces recently transferred oil stolen from Syria to the north of Iraq, with Syrian officials condemning the United States and …