BEIJING, June 16 (ABC): The number of online payment users in China amounted to 904 million at the end of 2021, a report said. The figure accounted for 87.6 percent of the country’s total netizens and was up by nearly 50 million from a year ago, according to the Payment & Clearing Association of China. China’s cashless and cardless trend …

BEIJING, June 16 (ABC): China’s central bank on Thursday conducted 10 billion yuan (1.49 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 liquidity in the banking system reasonably stable, the …

BEIJING, June 16 (ABC): China will support private investment and take forward projects that deliver multiple effects as part of the efforts to better spur effective investment, consumption and employment, according to a decision made at the State Council’s Executive Meeting chaired by Premier Li Keqiang on Wednesday. The meeting highlighted the imperative to keep to the overall thinking and …

BEIJING, June 16 (ABC): China’s top legislator Li Zhanshu Wednesday held talks with Manzoor Nadir, speaker of the National Assembly of the Parliament of the Cooperative Republic of Guyana, via video link. Li, chairman of the National People’s Congress (NPC) Standing Committee, said that political mutual trust is a solid foundation and a significant guarantee for the healthy and stable …

JINAN, June 16 (ABC): China has made great achievements in carbon reduction, with its carbon dioxide emissions per unit of GDP in 2021 plunging by 50.3 percent from 2005, an official said Wednesday. Last year, the share of coal in China’s total energy-consumption mix dropped to 56 percent from 72.4 percent in 2005, Vice Minister of Ecology and Environment Zhao …

LONDON, June 15(ABC): Russia said on Wednesday that the West had “shot itself in the head” by trying to limit energy imports from the oil and gas fields of Siberia due to the Ukraine conflict, in sharp contrast to China which has increased deliveries of energy. The war in Ukraine — and the West’s attempt to isolate Russia as punishment …

WEB DESK, June 14(ABC): China’s economy and society are at increasing risk from climate change and the country needs to improve adaptation mechanisms and monitoring capabilities at every level of government, according to a new policy document. “Climate change has already brought serious adverse impacts to China’s natural ecological system, and has continued to spread and penetrate into economy and …

WEB DESK, June 14(ABC): A Chinese foreign ministry spokesperson on Monday hoped that India would “properly resolve” the situation that has emerged as a result of Bhartia Janata Party (BJP) leaders making blasphemous remarks, hurting the sentiments of Muslims in India and around the world. “We have noted relevant reports and hope that the relevant situation can be properly resolved,” …

BEIJING, June 14 (ABC): Xi Jinping, chairman of the Central Military Commission, has signed an order to promulgate a set of trial outlines on military operations other than war. The outlines aim to protect people’s lives and property, safeguard national sovereignty, security and development interest, and safeguard world peace and regional stability. The outlines, comprising 59 articles in six chapters, …

BEIJING, June 14 (ABC): Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 17.3 percent year on year to 564.2 billion yuan in the first five months of the year, the Ministry of Commerce said Tuesday. In U.S. dollar terms, the inflow went up 22.6 percent year on year to 87.77 billion U.S. dollars. The service industry …

BEIJING, June 14 (ABC): A Chinese Foreign Ministry spokesperson on Monday urged the United States to match its words with action, including not seeking confrontation or conflict, not seeking a new Cold War, and not seeking an Asian NATO or a region split into hostile blocs, and to stop saying or doing things that could create division and confrontation. Spokesperson …

BEIJING, June 14 (ABC): Over 6.5 million master’s and more than 600,000 doctorate degrees have been awarded in China over the past decade, according to the Ministry of Education. China has made continuous efforts to improve the composition of disciplines and majors concerning its postgraduate education, the ministry said at a press conference Tuesday. This achievement has provided a strong …

BEIJING, June 14(ABC): Foreign investors continued to increase their investments in Chinese equities and bonds, casting a vote of confidence in the country’s long-term development. By June 10, the Chinese A-share market had seen net inflows of foreign capital for the last ten consecutive trading days, the longest period of net inflows so far this year, according to market tracker …

BEIJING, June 14 (ABC): China accounted for 30 percent of the global manufacturing output in 2021, marking an increase from 22.5 percent in 2012 as the industry grew bigger and stronger, data from the industry regulator showed Tuesday. The manufacturing value-added output had expanded from 16.98 trillion yuan (about 2.5 trillion U.S. dollars) in 2012 to 31.4 trillion yuan in …

NANNING, June 12 (ABC): Over 1.44 million residents in south China’s Guangxi Zhuang Autonomous Region have been affected by torrential rains and rain-induced disasters such as floods and mudslides since early June, according to local authorities. Four rounds of heavy rainfall during the flood season this year have wreaked havoc in 103 counties of the region, damaging 51,800 hectares of …

BEIJING, Jun. 12 (INP): Pakistani ambassador to China Moin ul Haque and General Manager Hu of Silk Road International Cultural Exchange Center, China agreed to deepen cooperation in art & culture, movie, and other areas. According to China Economics Net (CEN) Moin ul Haque along with officers of the Pakistani Embassy in Beijing visited Silk Road International Cultural Exchange Center …

HONG KONG, June 12 (ABC): Chinese President Xi Jinping on Sunday sent a congratulatory letter to Ta Kung Pao, one of the oldest Chinese language newspapers based in Hong Kong, on the 120th anniversary of its founding. In the letter, Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, urged …

SINGAPORE, June 12 (ABC): China strongly objected to remarks made by U.S. Secretary of Defense Lloyd Austin on Saturday at the ongoing 19th Shangri-La Dialogue regarding the South China Sea and Taiwan, calling them unfounded declarations and false accusations against China. Austin’s accusation that China’s “unprofessional and frequent interceptions” of other countries’ airplanes in the air space of the South …

BEIJING, June 12 (ABC): China’s countryside will see better sewage treatment capacities as the country pushes forward its rural vitalization strategy and improves the rural living environment. It plans to ensure that 40 percent of domestic sewage in rural areas is treated by 2025, up from 28 percent in 2020, according to the Ministry of Ecology and Environment. The high …

BEIJING, June 12 (ABC): A total of 40 Chinese mobile game developers found their places in the top 100 global game publishers’ revenue list in May, according to the mobile app data analysis firm Sensor Tower. These Chinese companies raked in a total of 2.3 billion U.S. dollars last month, accounting for 43 percent of the revenue generated by the …

BEIJING, June 12 (ABC): China’s logistics sector, reeling from the protracted COVID-19 pandemic, is eyeing a stepped-up rebound as the government’s supportive policies gradually take effect and more favorable policies follow. The logistics performance index, which tracks business volume, new orders, employment, inventory turnovers, and equipment utility rates in the sector, came in at 49.3 percent last month, up 5.5 …

BEIJING, June 12 (ABC): Despite headwinds from the COVID-19 epidemic and mounting global economic uncertainties, the healthy development of the private sector in China has continuously enhanced the resilience and vitality of its economy, becoming an important endogenous force for China’s economic growth. Private enterprises have reported faster growth, with imports and exports rising 11.8 percent to 7.86 trillion yuan …

  CHENGDU, June 11 (ABC): Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made an inspection tour of southwest China’s Sichuan Province. Xi stressed resolute implementation of the decisions and plans of the CPC Central Committee, carrying forward the great founding spirit of the Party, …

BEIJING, June 11 (ABC): China’s investment in new water conservancy projects totaled 414.4 billion yuan (about 61.86 billion U.S. dollars) in the first five months of the year, Wei Shanzhong, vice minister of water resources, told a press conference on Friday. China is expected to complete investments worth more than 800 billion yuan in water conservancy construction this year, Wei …

BEIJING, June 11 (ABC): China continued to be the leading growth market for cloud infrastructure services expenditure in the first quarter of 2022, according to a report by the technology market research firm Canalys. Such expenditure on the Chinese mainland hit 7.3 billion U.S. dollars in the first three months, up 21 percent from a year ago, said Canalys. The …

BEIJING, June 11 (ABC): Chinese State Councilor and Foreign Minister Wang Yi on Friday talked with President of the 76th session of the UN General Assembly Abdulla Shahid in a phone conversation. Wang said that the current session of the UN General Assembly has overcome disruptions and achieved fruitful results, injected new impetus into improving global governance, promoted unity among …

BEIJING, June 11 (ABC): Chinese State Councilor and Foreign Minister Wang Yi and his Polish counterpart Zbigniew Rau pledged to strengthen cooperation and promote the stable development of bilateral ties on Friday. The consensus was reached when the two foreign ministers held the third plenary session of China-Poland Intergovernmental Cooperation Committee via video link. Wang said China is willing to …

SINGAPORE, June 11(ABC): Beijing will “not hesitate to start a war” if Taiwan declares independence, China s defence minister warned his US counterpart Friday, the latest salvo between the superpowers over the island. The warning from Wei Fenghe came as he held his first face-to-face meeting with US Defence Secretary Lloyd Austin on the sidelines of the Shangri-La Dialogue security …

CHENGDU, June 10 (ABC): President Xi Jinping stressed maintaining stable economic development and overall social stability during his inspection in southwest China’s Sichuan Province. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, underscored resolutely implementing the decisions and plans of the CPC Central Committee and adhering to the …

NANNING, June 10 (ABC): Trade between China and members of the Regional Comprehensive Economic Partnership (RCEP) has seen steady growth since the trade agreement took effect at the beginning of this year, the latest official data showed. According to the General Administration of Customs (GAC), China’s trade with the other 14 member states expanded 6.9 percent year on year to …

BEIJING, June 10 (ABC): China’s top political advisor Wang Yang met on Thursday with Taiwan participants in a cross-Strait seminar with the theme of the rejuvenation of the Chinese nation. Wang, chairman of the Chinese People’s Political Consultative Conference National Committee, stressed the significance of discussions between representatives of the Chinese mainland and Taiwan on national rejuvenation and reunification. Wang, …

BEIJING, June 10 (ABC): A level-IV national emergency response has been activated after two earthquakes hit southwest China’s Sichuan Province, the Ministry of Emergency Management said Friday. A 5.8-magnitude quake first struck the Maerkang City of Aba Tibetan-Qiang Autonomous Prefecture at 00:03 a.m. Friday (Beijing Time), according to the China Earthquake Networks Center. The epicenter, at a depth of 10 …

BEIJING, June 10 (ABC): The United States should immediately correct its erroneous act of selling arms to Taiwan and cease playing with fire when it comes to Taiwan-related issues, a Chinese spokesperson said on Thursday. Ma Xiaoguang, a spokesperson for the State Council Taiwan Affairs Office, made the remarks in response to the decision of the relevant U.S. department to …

BEIJING, June 10 (ABC): China’s foreign trade rebounded in May, a sign of overall recovery as the government’s policy package to stabilize the economy while containing COVID-19 resurgences started to pay off. The country’s total imports and exports went up 9.6 percent year on year to 3.45 trillion yuan last month on top of April’s 0.1-percent expansion, official data showed …

BEIJING, June 8 (ABC): World Oceans Day that falls on Wednesday this year provides an opportunity for countries around the world to celebrate the importance of the ocean and to ponder how to interact with it in a sustainable manner. With a coastline stretching around 32,000 km, China has had its past and future entwined with the ocean. In President …

BEIJING, June 8 (ABC): The scale of China’s foreign-trade order outflow is manageable and its impact is limited, said the Ministry of Commerce on Wednesday. Since the beginning of this year, part of the foreign-trade orders that returned to China last year have flowed out again as production in neighboring countries has gradually recovered, Li Xingqian, an official with the …

BEIJING, June 8 (ABC): China has been paying close attention to the current difficulties and challenges Sri Lanka faces and assisting the country within its capacity, a Chinese Foreign Ministry spokesperson said Wednesday. Spokesperson Zhao Lijian made the remarks at a daily news briefing when answering a relevant query. According to Zhao, China has announced emergency humanitarian assistance worth 500 …

NUR-SULTAN, June 8 (ABC): Chinese State Councilor and Foreign Minister Wang Yi and Turkmen Deputy Prime Minister and Foreign Minister Rashid Meredov agreed here on Tuesday on a wide range of areas where the two countries will deepen cooperation. Under the guidance of the two heads of state, China-Turkmenistan strategic partnership has shown new momentum, achieved new breakthroughs, and yielded …

BEIJING, June 8 (ABC): The China Development Bank (CDB), one of the country’s policy banks, extended 30.6 billion yuan (about 4.59 billion U.S. dollars) in loans in the first five months to support the country’s agriculture sector. The loans went toward agricultural infrastructure construction, seed industry and rural industries, the CDB said. In the next step, the bank has pledged …

BEIJING, June 8 (ABC): In the face of increasing external and internal disruption factors, China has adopted a slew of targeted measures to bolster the growth of its foreign trade sector. In an effort to help foreign trade firms navigate difficulties, the State Council, China’s cabinet, issued a guideline last month to improve services and provide more financial and fiscal …