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 …

BEIJING, June 30(ABC): China’s factory and services activity picked up in June, official data showed Thursday, fuelled by the easing of Covid-19 restrictions in major cities such as Shanghai and Beijing. The non-manufacturing Purchasing Managers’ Index (PMI), a key gauge of activity in the world’s second-biggest economy, defied expectations and surged to 54.7 points in June after three months of …

BEIJING, June 29(ABC): An uncrewed Chinese spacecraft has acquired imagery data covering all of Mars, including visuals of its south pole, after circling the planet more than 1,300 times since early last year, state media reported on Wednesday. China’s Tianwen-1 successfully reached the Red Planet in February 2021 on the country’s inaugural mission there. A robotic rover has since been …

WUHAN, June 29 (ABC): President Xi Jinping has stressed keeping the lifeline of science and technology firmly in China’s own hands and making the country’s development more independent, self-reliant and secure. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks during his inspection in Wuhan, capital city …

BEIJING, June 29 (ABC): China’s economy has grown by leaps and bounds over the past decade as the country has shifted its focus to high-quality development by enhancing its innovation efforts and macroeconomic policies. China accounted for over 18 percent of the global economy in 2021, rising from 11.3 percent in 2012, as its GDP topped 114.4 trillion yuan (17.1 …

BEIJING, June 29 (ABC): Chinese Premier Li Keqiang has called for stronger efforts to accelerate economic recovery to shore up market entities, ensure employment stability and safeguard people’s livelihoods. Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour to two state organs …

BEIJING, June 29 (ABC): China will cut the retail prices of gasoline and diesel starting Wednesday, the country’s top economic planner said Tuesday. The prices of gasoline and diesel will go down by 320 yuan (about 47.81 U.S. dollars) per tonne and 310 yuan per tonne, respectively, according to the National Development and Reform Commission. The move marks the 2nd …

BEIJING, June 29 (ABC): China’s state-owned enterprises (SOEs) reported increased revenue but decreased profits in the first five months of this year, due to a high comparison base last year and the impacts of the pandemic, official data showed Tuesday. The combined profits of SOEs declined 6.5 percent year on year to 1.63 trillion yuan (about 243.5 billion U.S. dollars) …

BEIJING, June 29 (ABC): China’s civil aviation transport has recorded a notable rebound since June amid the country’s improvements in pandemic control and a slew of measures to support the industry. From June 24 to 26, the number of flights exceeded 10,000 daily for three consecutive days, rebounding to about 60 percent of figures before the pandemic, said the Civil …

SHANGHAI, June 29 (ABC):Crude oil futures closed lower Wednesday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for August 2022 delivery was down 12.8 yuan (about 1.91 U.S. dollars) to close at 675.1 yuan a barrel. The total trading volume for nine listed crude oil futures contracts on the exchange was 355,647 lots, …

BEIJING, June 28 (ABC): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, was flat at 1.438 percent Tuesday. The seven-day rate dropped 1.2 basis points to 1.98 percent, the one-month rate edged up 0.1 basis points to 1.895 percent, and the one-year rate edged up 0.3 basis points to 2.363 percent. Shibor …

BEIJING, June 28 (ABC): Chinese President Xi Jinping has underscored the exemplary role of large-scale grain growers in encouraging more farmers to contribute to the country’s food security.

KABUL, June 28 (ABC): The first batch of earthquake relief supplies donated by the Chinese government arrived at Afghanistan’s Kabul International Airport on Monday night and was handed over to the Afghan side. Chinese Ambassador to Afghanistan Wang Yu and Ghulam Ghaws Naseri, acting minister of state for disaster management and humanitarian affairs of Afghanistan’s Taliban-led caretaker government, attended the …

SHANGHAI, June 28 (ABC): Shanghai Disneyland will reopen on Thursday and tickets will be available for purchase starting Wednesday, according to an official announcement. “We are excited to welcome you back to a place full of happiness and wonder,” said Joe Schott, president and general manager of Shanghai Disney Resort. The theme park will resume operation with controlled capacity and …

BEIJING, Jun 27 (ABC): Chinese researchers have developed an ultra-black coating with stable performance, according to the Harbin Institute of Technology. Ultra-black coating can absorb almost any light that falls on it and is widely used in precision optical instruments. The ultra-black coating developed by the research team from the Harbin Institute of Technology can absorb up to 99.8 percent …

BEIJING, June 27 (ABC): Beijing’s primary and middle school students returned to campus on Monday after over 50 days of remote education due to a local COVID-19 resurgence. Students in the first two years of junior high and senior high schools, or grades 7, 8, 10 and 11, as well as those in primary schools, resumed in-person classes. Education for …

BEIJING, June 27 (ABC): The Shuhe River in east China’s Shandong Province flooded on Monday as heavy rains hit the region, according to China’s Ministry of Water Resources. At 12:30 p.m., the water flow at the Chonggou hydrometric station climbed to 2,170 cubic meters per second, and peaked at 2,240 cubic meters per second at 1:55 p.m. The ministry and …

BEIJING, June 27 (ABC): The book ‘Xi Jinping and College Students’ translated into English and released by Pakistan’s Beyond Horizon Publication was launched in Beijing by the Central Committee of the Communist Youth League of China. The book features 25 interviews between Chinese President Xi Jinping and college students from 1983 to 2019. It records heart-to-heart conversations, and Xi’s down-to-earth …

BEIJING, June 27 (ABC): Chinese President Xi Jinping has underscored the importance of better listening to the people’s voices by making use of the internet and other channels. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks in a recent instruction on studying and absorbing netizens’ …

BEIJING, June 27 (ABC): Profits of China’s major industrial firms rose 1 percent year on year in the first five months of the year, data from the National Bureau of Statistics showed Monday.

BEIJING, June 27 (ABC): China’s top political advisor Wang Yang has urged Communist Party of China (CPC) delegates of Taiwan origin to earnestly perform their duties and make due contributions to the Party’s 20th national congress. Wang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the …

BEIJING, June 27 (ABC): China’s yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS). The CFETS yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of currencies, edged up 0.12 points from the previous week to 102.03, according to the CFETS. The index compares the yuan …

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 …