BEIJING, June 27 (ABC): The total bond issuance in China topped 4.91 trillion yuan (about 732.84 billion U.S. dollars) last month, central bank data showed. The issuance of treasury bonds reached 561.62 billion yuan, and the issuance of local government bonds came in at about 1.21 trillion yuan, according to data from the People’s Bank of China. In May, financial …

BEIJING, June 27 (ABC): The output of China’s major dairy companies rose 2.9 percent year on year in May, bucking the trend of decline in April, according to the Ministry of Industry and Information Technology. These enterprises, each with annual operating revenue of at least 20 million yuan (2.99 million U.S. dollars), produced about 2.76 million tonnes of dairy products …

CHONGQING, June 27 (ABC): The China-Europe Railway Express (Chongqing), the first China-Europe freight train service, embarked on its 10,000th trip. The cargo train, fully loaded with electronic products, mechanical parts, daily necessities and other goods, departed from Tuanjie Village of southwest China’s Chongqing Municipality and headed for Duisburg of Germany. The railway has transported over 1,000 types of goods ranging …

BEIJING, June 25 (ABC): Chinese Foreign Ministry spokesperson Wang Wenbin confirmed on Saturday that the Beijing would provide 50 million yuan ($ 7.5 million) in emergency humanitarian aid including tents, sheets, convertible beds to quake-hit Afghanistan. The first shipment of aid to be transported to the country on Monday by charter flight. China will also work closely with the Afghan …

CHANGSHA, June 25 (ABC): The age structure of China’s science and technology workers has decreased over the past decade, according to a report released on Saturday. The China Association for Science and Technology (CAST) has released a report on the country’s sci-tech human resources development in Changsha, central China’s Hunan Province. The report shows that sci-tech talent aged 39 and …

BEIJING, June 25 (ABC): Chinese President Xi Jinping hosted the High-level Dialogue on Global Development on Friday in virtual format, calling for forging high-quality partnership for new era of global development. “We must get a good grasp of the overarching development trend in the world, firm up confidence, and act in unison and with great motivation to promote global development …

BEIJING, June 25 (ABC): Fixed-asset investment in China’s automobile manufacturing sector logged double-digit growth in the first five months of the year, according to the China Association of Automobile Manufacturers. From January to May, China’s auto manufacturers saw investment increase by 11.2 percent year on year, up 0.8 percentage points from the first four months, the association said, citing data …

FUZHOU, June 25 (ABC): China’s leading automotive lithium-ion battery maker, Contemporary Amperex Technology Co., Ltd. (CATL), revealed on Thursday a new battery that provides electric vehicles with a driving range of over 1,000 km on a single charge. With the third generation of cell-to-pack (CTP) technology, the battery named Qilin, or CTP 3.0 battery, has a volume utilization efficiency of …

BEIJING, June 25 (ABC): Chinese Vice Premier Han Zheng on Friday called for new progress on building the Hainan free trade port. Han, also member of the Standing Committee of the Political Bureau of the CPC Central Committee and head of a leading group on deepening all-round reform and opening-up in south China’s Hainan Province, made the remarks while presiding …

BEIJING, June 25 (ABC): Chinese lawmakers on Friday passed a revision to the country’s sports law, in a bid to facilitate efforts to build the country into a sporting powerhouse. The revised Law on Physical Culture and Sports was passed at a session of the National People’s Congress Standing Committee and will take effect on Jan. 1, 2023. The revision …

SHANGHAI, June 24(ABC): A vehicle fell from the third floor of Chinese electric car maker Nio’s headquarters in Shanghai killing one member of staff and an individual from a partner company, reported. The incident occurred on Wednesday, quoted the firm as saying. The deceased were inside the car when it fell. The company said that it started immediate investigation into …

BEIJING, Jun 22 (ABC):A program jointly initiated by Tsinghua University and Paris Institute Political Studies (Sciences Po) is now empowering over 150 students from six continents with the knowledge to tackle climate change.  The global educational program, Climate x Leadership Training Pilot, is hosted by the Global Alliance Universities on Climate (GAUC), which is comprised  the world’s 15 top universities. …

BEIJING, June 22 (ABC): The Universal Beijing Resort on Wednesday said it will resume operations on June 25, as the COVID-19 resurgence is subsiding in the city. The resort, which opened in September 2021, includes the Universal Studios Beijing theme park, Universal CityWalk Beijing, and two hotels. The CityWalk and one hotel are expected to reopen on June 24, one …

BEIJING, Jun 22 (ABC): Chinese President Xi Jinping on Wednesday called for efforts to stay open and inclusive, and clear away all barriers impeding the development of productive forces to promote the sound development of globalization. Xi made the remarks while delivering a keynote speech in virtual format at the opening ceremony of the BRICS Business Forum. We should encourage …

BEIJING, June 22 (ABC) :China’s National Meteorological Center Wednesday renewed a blue alert for rainstorms in various parts of the country. From 2 p.m. Wednesday to 2 a.m. Thursday, heavy downpours are expected to lash parts of Inner Mongolia, Jilin, Liaoning, Hebei, Shandong, Anhui, Jiangsu, Henan, Sichuan, Chongqing, and Yunnan. Some areas may experience up to 150 millimeters of rainfall. …

BEIJING, June 22 (ABC): The wholesale prices of China’s agricultural products edged down last week, data from the Ministry of Agriculture and Rural Affairs showed. From June 10 to 16, the China agricultural product wholesale price index came in at 114.82, down 1.51 points week on week, according to the ministry. On a weekly basis, the average wholesale price of …

BEIJING, June 21 (ABC): China’s road freight volume fell 4.6 percent year on year in the first five months of the year, data from the Ministry of Transport showed. About 14.37 billion tonnes of road cargo were transported during this period, according to the ministry. In May alone, China’s road freight volume neared 3.26 billion tonnes, the ministry said. Northeast …

BEIJING, June 21 (ABC): Chinese President Xi Jinping will host the 14th BRICS Summit and the High-level Dialogue on Global Development, and attend the opening ceremony of the BRICS Business Forum in virtual format later this week. The BRICS mechanism features five major emerging economies, namely Brazil, Russia, India, China and South Africa. Since it was forged more than a …

BEIJING, June 21 (ABC): In a year where a record 10.76 million graduates stream out of colleges, China is living out its jobs-first commitment to helping them enter the workforce against COVID-19-induced snarls. This job-hunting season may prove challenging for college graduates due to COVID-19-hampered job interviews and lukewarm demand for fresh labor, said Wu Aihua, an official with the …

BEIJING, June 20 (ABC): China has played a constructive role in the World Trade Organization (WTO) negotiations to facilitate a major decision on the waiver of intellectual property rights for COVID-19 vaccines, an official with the Ministry of Commerce said Monday. Due to the exceptional circumstances of the COVID-19 pandemic, developing members will be authorized to produce COVID-19 vaccines without …

BEIJING, June 21 (ABC): China’s central bank has ramped up support for renminbi settlement in new forms and models of foreign trade to better serve the real economy and facilitate trade and investment. In a recent circular, the People’s Bank of China improved policies for cross-border renminbi business in e-commerce and other new models of foreign trade. The business scope …

FUZHOU, June 21 (ABC): Chinese Vice Premier Hu Chunhua on Monday urged solid action on rural construction, in a bid to push forward rural revitalization and modernization. Describing rural construction as a significant part of national modernization, Hu said that unremitting efforts should be made to ensure rural residents can also lead modern lives. He made the comments while addressing …

BEIJING, June 21(ABC): China has recruited 1.48 million more full-time teachers for the country’s compulsory education over the past ten years, bringing the total number of such teachers to 10.57 million, statistics released by the Ministry of Education showed Tuesday. China now has 158 million students in 207,000 schools for the nine-year compulsory education. The compulsory-education retention rate reached 95.4%, up …

BEIJING, June 21 (ABC): A 6-year old Pakistani child has been successfully treated for brainstem tumor at Zhongnan Hospital of Wuhan University (ZNWU) in China. “Thank you so much! Chinese doctors and nurses are so nice. Your efforts mean a lot to my family,” said Muhammad Arshad, the father of Arshad Jr who was diagnosed with brainstem tumor in the …

BEIJING, June 20 (ABC): Chinese President Xi Jinping has encouraged students from the Army Infantry Academy of the People’s Liberation Army (PLA) to contribute to the cause of strengthening China’s armed forces. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in a letter replying to all …

BEIJING, June 20 (ABC): China will launch a nationwide campaign to provide psychological care for the elderly, according to the National Health Commission. The campaign, which will run from 2022 to 2025, aims to assess the mental health status and needs of the elderly, enhance their mental health awareness and render mental health support as well as improve the level …

BEIJING, June 20 (ABC): Flood control authority in south China’s Pearl River basin activated a Level-II emergency response on Monday as persistent heavy rain over the past week has swollen rivers that could cause major floods in the region. The Pearl River flood control and drought relief headquarters has also sent three work teams to Guangdong Province and Guangxi Zhuang …

JINAN, June 20 (ABC):Although the global supply chain has entered a new round of reconstruction, China is still an important investment destination for multinational companies around the world, said a report. The report was released by the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce at the third Qingdao Multinationals Summit in the coastal city …

BEIJING, June 20 (ABC): China’s national observatory on Monday renewed an orange alert for high temperatures, as heatwaves hit parts of the country. During daylight hours on Monday, parts of Xinjiang, Inner Mongolia, Shaanxi, Shanxi, Hebei, Beijing, Tianjin, Shandong, Henan, Anhui, Jiangsu, and Hubei are expected to reach temperatures of 35 to 36 degrees Celsius, the National Meteorological Center said. …

CHENGDU, June 20 (ABC): Archaeologists have found more than 1,100 tombs dating back to the late Shang Dynasty (1600 B.C.-1046 B.C.) and the early Western Han Dynasty (202 B.C.-25 A.D.) in Yanyuan County, southwest China’s Sichuan Province. Over 5,000 artifacts including pottery, bronzeware, ironware, goldware, and silverware have been unearthed from the Laolongtou ruins site since an excavation launched in …

BEIJING, June 20 (ABC): A high-speed rail linking Beijing with Wuhan, the capital of central China’s Hubei Province, starts normal operation at a speed of 350 km/h on Monday, said the China State Railway Group Co., Ltd. With train speed raised from 310 km/h to 350 km/h, the overall transportation capacity of the section is expected to increase by 7 …

FUZHOU, June 20 (ABC): East China’s Fujian Province has evacuated nearly 220,000 people for torrential rain and rain-induced floods starting early this month. Waterlogging, landslides, house damage and other disaster situations have been found in some regions of the province. The maximum hourly rainfall was reported to reach 78.6 mm in Youyang Township of Xianyou County.  Fire rescue and forest …

SHANGHAI, June 20(ABC): China has carried out a land-based missile interception test that “achieved its expected purpose”, the Defence Ministry said, describing it as defensive and not aimed at any country. China has been ramping up research into all sorts of missiles, from those that can destroy satellites in space to advanced nuclear-tipped ballistic missiles, as part of an ambitious …

BEIJING, June 19 (ABC): President Xi Jinping has led resolute combat against desertification, with “a historic change” made amid the country’s passionate exploring for ways to curb the expansion of deserts. More than half of China’s manageable desertification land has been restored over the past decade, the National Forestry and Grassland Administration (NFGA) said on Friday, the World Day to …

KUNMING, June 19 (ABC): Southwest China’s Yunnan Province has launched a month-long shopping festival starting Saturday to stimulate consumption and promote economic recovery. Governments and financial institutions in Yunnan will issue more than 8 million coupons of various types during the coming month. Li Chenyang, director of Yunnan provincial department of commerce, said the vitality of the trade sector is …

BEIJING, June 19 (ABC): China’s raw coal output sustained steady growth in May as policy measures to ensure energy supply and stabilize prices have taken effect, official data showed. The output rose 10.3 percent year on year to 370 million tonnes last month, according to the National Bureau of Statistics. The growth rate was 0.4 percentage points lower than that …

BEIJING, June 19 (ABC): All metro stations in Beijing that were closed due to epidemic prevention and control resumed operation on Sunday, according to the municipal transport commission. The bus services that were earlier halted in Fengtai District have also resumed operation, according to Beijing Public Transport Group. More bus services will resume operation as the epidemic wanes. Beijing has …

HONG KONG, June 19 (ABC): Despite challenges brought about by the COVID-19 pandemic and external uncertainties, Hong Kong remains a leading financial center in the world, with fresh opportunities ahead to lift its global status. Hong Kong secured a third place in the latest Global Financial Centers Index, remaining among the top in areas including business environment, human capital, infrastructure …

BEIJING, June 19 (ABC): Assets of China’s financial institutions rose 8.7 percent year on year to 396.39 trillion yuan (about 59.23 trillion U.S. dollars) by the end of the first quarter of this year, central bank data showed. Specifically, the combined assets of the country’s banking sector grew 8.6 percent year on year to 357.9 trillion yuan while that of …

BEIJING, June 18 (ABC): China’s automobile exports surged 73 percent month on month in May, hitting a record high for 2022, industry data showed. Last month, the country exported about 245,000 automobiles, soaring 62.3 percent from the same period of 2021, said the China Association of Automobile Manufacturers. In breakdown, approximately 196,000 passenger cars were sold overseas in the period, …