BEIJING, July 7 (ABC): The China retail prosperity index, a barometer of retailers’ expectations for the sector, rebounded to the expansion zone in July, according to the China General Chamber of Commerce (CGCC) on Thursday. The index rose by 0.5 percentage points from the previous month to 50.2 percent in July, data from the CGCC showed. A reading above 50 …

BEIJING, Jul 6 (ABC): China is ready to further strengthen economic, trade and investment cooperation with Pakistan to achieve mutually beneficial results and common development, Chinese Foreign Ministry Spokesperson Zhao Lijian said. We are ready to continuously strengthen economic trade and investment cooperation with Pakistani side and to achieve mutually beneficial results and common development, he said during his regular …

KABUL, July 5(ABC): China’s ambassador touted trade and investment plans for Afghanistan on Tuesday, a public endorsement for doing business in the Taliban-controlled country after an earthquake drew attention to the humanitarian consequences of Western sanctions. At a rare press conference alongside the Taliban administration’s acting minister for disaster management, Ambassador Wang Yu announced $8 million in aid for relief …

BEIJING,July 5 (ABC): A study revealed that around 5,500 years ago, people had already developed agriculture in sustainable intensification of millet and pigs in north China. Previous studies, through the carbon isotope data of domestic pig bones, believed that both pigs and humans in the Neolithic Age in north China consumed millet, forming a competitive relationship. Chinese researchers from Lanzhou …

BEIJING, July 5 (ABC): Some 1.09 million cars enjoyed China’s car purchase tax cut during the first month of the policy’s implementation, according to the country’s top taxation agency. The tax cut policy, which applies to some low-emission passenger vehicles, had saved about 7.1 billion yuan (about 1.06 billion U.S. dollars) for car buyers, data from the State Taxation Administration …

BEIJING, Jul 5 (ABC): Chinese President Xi Jinping on Tuesday sent a congratulatory message to President of the People’s Democratic Republic of Algeria Abdelmadjid Tebboune on the 60th anniversary of the victory of the Algerian War of Independence. Sixty years ago, the Algerian people realized national independence and people’s liberation after going through an arduous struggle, opening a glorious chapter …

BEIJING, Jul 5 (ABC): China’s economy is expected to gradually overcome the negative impacts of the epidemic in the second half of this year, with economic indicators showing improvement amid a raft of supportive policies, according to a report by the Bank of China. Noting that risks including rising global inflation, geopolitical tensions and volatile international financial markets might continue …

BEIJING, Jul 4 (ABC): Chinese bankers are more upbeat about the economy in the third quarter of this year than in the previous quarter, a central bank survey has shown. For the third quarter, the bankers’ macroeconomic heat expectation index is projected at 31.9 percent, 14.1 percentage points higher than that of the second quarter, according to a People’s Bank …

BEIJING, Jul 4 (ABC): China’s exports of textile and apparel maintained growth momentum in the first five months of the year, data from the Ministry of Industry and Information Technology (MIIT) showed. Textile and apparel exports rose 11.2 percent year on year to 125.1 billion U.S. dollars from January to May, the data showed. In breakdown, textile exports reached 62.9 …

BEIJING, Jul 4 (ABC): China’s chemical fiber industry recorded an expansion in operating revenue during the first five months of the year, data from the Ministry of Industry and Information Technology showed. The combined operating revenue of major firms in the sector, each with annual operating revenue of at least 20 million yuan (about 2.99 million U.S. dollars), hit 437.7 …

BEIJING, Jul 4 (ABC): China’s lottery ticket sales rose 8.5 percent year on year to about 32.77 billion yuan (about 4.9 billion U.S. dollars) in May, data from the Ministry of Finance showed. Sales of lottery tickets to support the welfare system came in at 13.14 billion yuan in May, up 16.1 percent from a year ago, the data showed. …

BEIJING, Jul 4 (ABC): Researchers from Pakistan and China are working together on the challenges and solutions for the sustainable development of the Indus Delta. On the Progress Meeting of the UN Ocean Decade ‘Mega-Delta Programme’ť hosted last month by the State Key Laboratory of Estuarine and Coastal Research (SKLEC), East China Normal University, scientists from Pakistan, China and several …

BEIJING, July 4 (ABC): Chinese President Xi Jinping on Friday made an address at the meeting celebrating the 25th anniversary of Hong Kong’s return to the motherland and the inaugural ceremony of the sixth-term government of the Hong Kong Special Administrative Region. The speech by Xi, also general secretary of the Communist Party of China Central Committee and chairman of …

CAIRO, July 4(ABC): Egypt’s first electrified light rail transit (LRT) system jointly built by Chinese and Egyptian companies started its trial run on Sunday. Egyptian President Abdel-Fattah al-Sisi took the first ride of the LRT at its inauguration ceremony, which was also attended by Egyptian Prime Minister Mostafa Madbouly and Chinese Ambassador to Egypt Liao Liqiang. The LRT project is …

BEIJING, July 4 (ABC): China’s digital economy logged rapid expansion in recent years, with its scale increasing from 11 trillion yuan (1.65 trillion U.S. dollars) in 2012 to over 45 trillion yuan in 2021, official data showed. The proportion of the digital economy in China’s GDP rose from 21.6 percent to 39.8 percent in the period, according to the Ministry …

HARARE, July 4(ABC): Zimbabwean President Emmerson Mnangagwa on Sunday met with senior Chinese diplomat Yang Jiechi, with both sides pledging to step up exchanges and cooperation and advance the comprehensive strategic cooperative partnership to a new high. During the meeting in Harare, the capital of Zimbabwe, Yang, a member of the Political Bureau of the Communist Party of China (CPC) …

BAGAN, July 4(ABC): China and Laos expressed here Sunday the willingness to deepen mutually beneficial cooperation and actively promote the building of the China-Laos community with a shared future. While meeting with Lao Vice Premier and Foreign Minister Saleumxay Kommasith on the sidelines of the seventh Lancang-Mekong Cooperation Foreign Ministers’ Meeting in Myanmar, Chinese State Councilor and Foreign Minister Wang …

BEIJING, July 4(ABC): Chinese authorities have released an action plan to facilitate the digitalization of the consumer goods industry as the country moves to boost the integration of the digital and real economies, and create and meet consumer demand. China aims to achieve notable improvement in the integration and application of digital technologies in the consumer goods industry by 2025, …

BEIJING, July 4 (ABC): China’s telecommunication industry registered steady growth in the first five months of the year, with strong expansion in emerging businesses and 5G services, official data shows. The sector raked in 665 billion yuan (99.46 billion U.S. dollars) in total revenue during the period, up 8.5 percent year on year, according to the Ministry of Industry and …

BEIJING, July 03(ABC): The fourth volume of “Xi Jinping: The Governance of China” has been published by Foreign Languages Press in both Chinese and English. The book will be available at home and abroad. The latest volume contains a compilation of 109 pieces of spoken and written works of Xi Jinping, general secretary of the Communist Party of China Central …

BEIJING, July 3(ABC): China Machinery Engineering Corp. (CMEC) has successfully concluded a 7-day long reliability test run of the first unit of the 1,263-megawatt thermal power plant in the Jhang district of Punjab province. The 400 MWs Gas Turbine 1 (GT1) will start commercial operations on July 6 after some heat and cooling-related tests on stopped machines, an official said. …

BEIJING, July 2 (ABC): China’s electronic information manufacturing sector maintained steady growth in the first five months of 2022, data from the Ministry of Industry and Information Technology showed. The value-added output of electronic information manufacturers with annual operating revenue of at least 20 million yuan (about 3 million U.S. dollars) expanded 9.9 percent year on year during the period. …

BEIJING, July 2 (ABC): China’s fixed-asset investment in the transport sector swung back to growth in May after posting a contraction in April, data from the Ministry of Transport showed. The country’s transport investment rose 2.8 percent year on year to 304.6 billion yuan (about 45.56 billion U.S. dollars) in May, reversing a 2.7-percent decline in April. In breakdown, the …

BEIJING, July 2 (ABC): China’s internet sector saw steady growth in business revenue in the first five months of the year, data from the Ministry of Industry and Information Technology showed. The business revenue of major internet and related service enterprises came in at 585 billion yuan (about 87.49 billion U.S. dollars) in the January-May period, up 1.8 percent year …

ABU DHABI, July 2 (ABC): President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan on Friday met with visiting senior Chinese diplomat Yang Jiechi to discuss bilateral ties and ways to boost cooperation. Yang, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the …

BEIJING, July 2 (ABC): The Communist Party of China (CPC), embracing its 101st birthday on Friday, is steering the Chinese economy back on track despite headwinds at home and abroad. To minimize the impacts of domestic COVID-19 resurgences and global complexity on the economy, the world’s largest governing party has given instructions ranging from bolstering employment and unclogging logistics to …

BEIJING, July 1 (ABC): Four Chinese airlines will buy a total of 292 planes from Airbus in a $37 billion windfall for the aviation giant, the carriers said in separate statements Friday. China Eastern said it had agreed to purchase 100 A320neo jets and China Southern said on the same day that it would buy 96 of the same model. …

BEIJING, July 1(ABC): China on Thursday opposed the Indian plan of holding a G20 meeting in Indian occupied Jammu and Kashmir and called on the member of the grouping to focus on economic recovery and avoid politicising the issue. “China’s position on Kashmir is consistent and clear cut. It is a legacy issue between India and Pakistan,” Chinese Foreign Ministry Spokesperson …

HONG KONG, July 1 (ABC): President Xi Jinping on Friday stressed the need to fully and faithfully implement the “one country, two systems” policy. Xi made the remarks at the meeting celebrating the 25th anniversary of Hong Kong’s return to the motherland and the inaugural ceremony of the sixth-term government of the Hong Kong Special Administrative Region. Upholding national sovereignty, …

BEIJING, July 1(ABC): The United States should immediately correct its mistakes and stop sanctioning and suppressing Chinese enterprises, China’s commerce ministry said Thursday. Shu Jueting, a spokesperson for the Ministry of Commerce, made the comments in response to recent U.S. moves to impose sanctions on relevant Chinese companies on excuses related to Russia, Iran, and military links at a press …

BEIJING, July 1(ABC): China on Thursday expressed serious concern and firm opposition to the North Atlantic Treaty Organization (NATO)’s newly published strategic concept document, saying it is full of Cold War mentality and ideological bias and sticks to the wrong positioning of a systemic challenge to China. Foreign Ministry spokesperson Zhao Lijian made the remarks at a daily news briefing …

BEIJING, July 1 (ABC): Trade between the Hong Kong Special Administrative Region (HKSAR) and the Chinese mainland has surged more than sixfold since the region’s return to the motherland 25 years ago, official data showed. From 1997 to 2021, the value of trade between the SAR and the mainland increased 6.1 times from 50.77 billion U.S. dollars to 360.33 billion …

BEIJING, July 1 (ABC): China’s central bank Friday conducted 10 billion yuan (1.5 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People’s Bank of China. The move aims to keep stable liquidity in the banking system, the central bank …

BEIJING, July 1 (ABC): The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.7 in June, up from 47.8 in May, the National Bureau of Statistics (NBS) said Thursday. A reading above 50 indicates expansion, while a reading below it reflects contraction. As the epidemic prevention and control situation in China continues to improve, and policies and …

WEB DESK, June 30(ABC): After sending robots to the Moon, landing them on Mars and building its own space station, China is now eyeing distant solar systems. This month, scientists will release detailed plans for the country’s first mission to discover exoplanets. The mission will aim to survey planets outside the Solar System in other parts of the Milky Way, …

WUHAN, June 30 (ABC): President Xi Jinping has stressed building up China’s strength in the science and technology sector, sticking to the dynamic zero-COVID policy and improving community management. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during his inspection in Wuhan, capital city of …

BEIJING, June 30 (ABC): China’s factory activities returned to expansion territory in June after three consecutive months of contraction, showed official data released Thursday, indicating that the world’s second-largest economy is on a clear path to recovery. The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the …

MANILA, June 30 (ABC): Chinese Vice President Wang Qishan and Philippine President Rodrigo Duterte agreed here on Wednesday to further promote bilateral relations and advance cooperation between their two countries in various fields. At a meeting with the outgoing Philippine president, Wang said under the guidance of the two countries’ leaders, the relations between China and the Philippines have achieved …

CHANGCHUN, June 30 (ABC): Audi FAW new-energy vehicle (NEV) project broke ground on Tuesday in Changchun, capital of northeast China’s Jilin Province. The joint venture project, with an investment of over 30 billion yuan (about 4.5 billion U.S. dollars), is designed to have an annual production capacity of 150,000 vehicles. The facility, Audi’s first production base specifically for purely electric …

SHANGHAI, Jun 30 (ABC): China’s financial hub Shanghai is gradually resuming dine-in services at restaurants starting from Wednesday as the COVID-19 epidemic has waned in the city. Dine-in services can be restored in the sub districts and townships without medium-risk areas and community spread of COVID-19 infections during the previous week, according to a guideline released by the Shanghai Municipal …