SHANGHAI, July 10 (ABC): The Shanghai municipal meteorological observatory issued a red alert for excessive heat on Sunday as the temperature in some areas of the metropolis climbed to 40 degrees Celsius. Shanghai has seen high temperatures for six consecutive days from July 5. The temperature at the Shanghai Xujiahui Station reached 40 degrees Celsius at 2:12 p.m. on Sunday, …

BEIJING, July 10 (ABC): Chinese non-financial institutions raised more funds through debt financing instruments in the interbank bond market in the first half of 2022. Net financing through debt financing instruments reached about 1.1 trillion yuan (163.94 billion U.S. dollars) in the first half of 2022, an increase of 500 billion yuan from the same period last year, data from …

BEIJING, July 10 (ABC): China’s e-commerce logistics activities further consolidated the rebound in June, industry data showed. The index tracking e-commerce logistics activities stood at 107.1 points last month, up 2.8 points from May, said a survey jointly undertaken by the China Federation of Logistics and Purchasing and e-commerce giant JD.com. The survey attributed the faster expansion in June, which …

BEIJING, July 9 (ABC): Chinese President Xi Jinping has stressed the better utilization of cultural relics to promote exchanges and mutual learning between civilizations and the preservation of the fine accomplishments of Chinese civilization. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks Friday in a …

BALI, July 9 (ABC): Chinese State Councilor and Foreign Minister Wang Yi met with U.S. Secretary of State Antony Blinken on Saturday, a day after the Group of 20 (G20) foreign ministers’ meeting held in Bali, Indonesia. The two sides had a comprehensive, in-depth and candid conversation over China-U.S. relations, as well as international and regional issues of common concern …

BEIJING, July 9 (ABC): China’s producer price index (PPI), which measures costs for goods at the factory gate, went up 6.1 percent year on year in June, the National Bureau of Statistics said Saturday.

SHIJIAZHUANG, July 9 (ABC): Great Wall Motor (GWM), China’s largest sport utility vehicle (SUV) and pickup manufacturer, saw vehicle sales increase 26.38 percent month on month to 101,186 units in June, including 13,451 sold in overseas markets. In the first half of this year, the company sold a total of 518,525 vehicles, 62,823 of which were overseas sales, accounting for …

BALI, July 9 (ABC): Chinese State Councilor and Foreign Minister Wang Yi and Spanish Foreign Minister Jose Manuel Albares agreed here on Friday to further develop relations between their two countries. During a meeting with Albares on the sidelines of the Group of 20 (G20) foreign ministers’ meeting on the Indonesian resort island of Bali, Wang said China and Spain …

BALI, July 9 (ABC): Chinese State Councilor and Foreign Minister Wang Yi met here with Singaporean Foreign Minister Vivian Balakrishnan on bilateral ties and cooperation. During their meeting on Friday on the sidelines of the Group of 20 foreign ministers’ meeting, Wang said China-Singapore high-level cooperation has become a front-runner in the region and is leading trends of the times, …

BALI, July 9(ABC): The top diplomats from the United States and China are set to meet Saturday in Bali in a fresh bid to prevent sky-high tensions from spiralling out of control. Secretary of State Antony Blinken and Foreign Minister Wang Yi will hold a morning of talks and a working lunch on the Indonesian resort island after taking part …

BEIJING, July 8 (ABC): The performance of China’s small and medium-sized enterprises (SMEs) showed improvements in June as business operations resumed and supply chain disruptions have been gradually addressed amid a package of pro-growth policies, industry data showed. The Small and Medium Enterprises Development Index, calculated based on a survey of 3,000 SMEs, came in at 88.4 in June, up …

BEIJING, July 8 (ABC): China has intensified its efforts at flood control and disaster relief in response to heavy downpours that have triggered severe floods in parts of the country, an official said Friday. A total of 487 rivers nationwide have seen alert levels breached, with 13 of them experiencing record-high floodwaters, Zhou Xuewen, vice minister at the Ministry of …

FUZHOU, July 8 (ABC): Contemporary Amperex Technology Co., Ltd. (CATL) has been drawing increasing attention from the global electric vehicle (EV) market over the past few years. The world’s leading automotive lithium-ion battery maker, with around one-third of the global market share, is headquartered in the city of Ningde, east China’s Fujian Province. Once a poverty-stricken region blighted by adverse …

BALI, July 8(ABC): Chinese State Councilor and Foreign Minister Wang Yi on Friday called for upholding true multilateralism, conducting win-win cooperation, and achieving inclusiveness and connectivity within the framework of the Group of 20 (G20). Wang made the remarks when delivering a speech at the G20 foreign ministers’ meeting held in the Indonesian resort island of Bali. The G20 members …

BEIJING, July 8(ABC): Senior Chinese legislators gathered on Friday to discuss a draft law and a draft revision to another law at a meeting of the Council of Chairpersons of the National People’s Congress (NPC) Standing Committee. The meeting, presided over by Li Zhanshu, chairman of the NPC Standing Committee, heard reports on revising a draft law on anti-telecom and …

BALI, July 8(ABC): Chinese Foreign Minister Wang Yi met Russian counterpart Sergei Lavrov in Bali Thursday to discuss Moscow s invasion of Ukraine ahead of a G20 ministerial meeting overshadowed by the war. The pair were pictured holding a bilateral meeting on the Indonesian resort island as the world s top economies gather to discuss the most pressing global issues on …

KUALA LUMPUR, Jul 8 (ABC): The China Development Bank (CDB), one of the country’s policy banks, has issued loans worth 157.7 billion yuan (about 23.5 billion U.S. dollars) in the first half of the year to support science and technology innovation. The figure reached a five-year high for the same period, advancing the development of key areas including new energy, …

WASHINGTON, July 7(ABC): U.S. Army General Mark Milley, chairman of the Joint Chief of Staff, spoke on Thursday with China’s Chief of the Joint Staff Department, General Li Zuocheng, the Pentagon said. “Gen. Milley discussed the need to responsibly manage competition and maintain open lines of communication,” Milley’s spokesman said. “Gen. Milley underscored the importance of the People’s Liberation Army …

JINAN, July 7 (ABC): The China-Caribbean Development Center was inaugurated in Jinan, capital of east China’s Shandong Province, on Wednesday, which is expected to strengthen China’s cooperation with the Caribbean countries. Three cooperation projects between China and Caribbean nations were also announced, which include the donation of anti-pandemic materials to the relevant countries, collaboration with Guyana on marine fisheries training, …

BEIJING, July 7 (ABC): The lander and the rover of the Chang’e-4 probe have been switched to dormant mode for the lunar night after working stably for a 44th lunar day. The lander was switched to dormant mode at 6:00 a.m. Wednesday (Beijing Time), and the rover, Yutu-2, at 7:14 p.m. Tuesday, according to the Lunar Exploration and Space Program …

BEIJING, July 7 (ABC): Chinese foreign ministry spokesperson Zhao Lijian on Wednesday censured the United States for pushing a Dutch supplier to stop selling chipmaking gear to China, calling the U.S. moves a typical example of “tech-terrorism.” Zhao made the remarks at a regular press briefing when answering a query on reports that the U.S. is pushing the Netherlands to …

BEIJING, July 7 (ABC): Michel Tran Van, chief operating officer (COO) of Airbus China, has expressed optimism about the world’s leading aircraft manufacturer’s great prospects for the Chinese market, despite major epidemic challenges facing the whole aviation industry worldwide. “We will stay in China. This is a single-country market that is growing the fastest in the long-term,” Tran Van said. …

WASHINGTON, July 7 (ABC): A federal tax economist has urged U.S. President Joe Biden to lift additional tariffs on Chinese imports, according to an opinion piece posted recently by Bloomberg. The president should lift additional tariffs on Chinese imports “to end the trade war once and for all,” said Alex Durante, economist at the Tax Foundation, a think tank in …

BEIJING, July 7 (ABC): The growth momentum of China’s passenger vehicle market is accelerating with rising retail and wholesale sales, industrial data showed on Wednesday. Some 1.92 million passenger cars were sold via retail channels in June, up 22 percent year on year and up 42 percent over May, initial statistics from the China Passenger Car Association showed. Wholesales of …

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) …