BEIJING, June 5 (ABC): China’s second-hand housing market regained some lost ground last month as the country eases financing and restrictions for home buyers, according to a report by the Beike Research Institute. In May, the sales volume of previously-owned homes in 50 cities rose by about 14 percent from a month ago, according to the report. More than 80 …

BEIJING, June 05 (ABC): Beijing has issued an action plan to gear up business operation and consumption as the epidemic eases in the city. According to the plan announced by the Beijing Municipal Government on Thursday, the Chinese capital will upgrade its “white list” of key enterprises in line with different classifications and dynamic management. It aims to facilitate the …

URUMQI, June 05 (ABC): The Tarim Desert Road, which traverses the Taklimakan Desert in northwest China’s Xinjiang Uygur Autonomous Region, has been turned into a zero-carbon one, thanks to a transformation project completed Thursday for the irrigation system along its shelterbelt. After the transformation project, shrubs along the road are now irrigated with the help of solar power-fueled pumps, instead …

BEIJING, June 4 (ABC): It has been 18 years since the establishment of the China-Arab States Cooperation Forum. Under the guidance of Chinese President Xi Jinping and leaders of Arab countries, the China-Arab strategic partnership has achieved remarkable progress and grown even closer, stronger and deeper in recent years. The following are some highlights of Xi’s remarks delivered at the …

BEIJING, June 04 (ABC): China’s internet security consulting services market registered robust growth in 2021 and is expected to continue steady expansion in the coming years, an industry report shows. Last year, the market size was about 1.3 billion U.S. dollars, soaring 42 percent year on year, said the report from the global market research firm International Data Corporation (IDC). …

BEIJING, June 4 (ABC): The State Grid Corporation of China said that it will invest an all-time high of more than 500 billion yuan (about 74.5 billion U.S. dollars) in power grid projects in 2022 to help bolster the country’s economic growth amid the COVID-19 epidemic. The input is expected to drive more than 1 trillion yuan in investment from …

BEIJING, June 4 (ABC): The Agricultural Bank of China, one of the country’s largest commercial lenders, has scaled up support for the manufacturing sector. By the end of April, the bank’s outstanding loans to the manufacturing industry exceeded 2 trillion yuan (about 298 billion U.S. dollars), an increase of nearly 16 percent compared with the beginning of the year, according …

CHONGQING, June 04 (ABC): In a factory in southwest China’s Chongqing Municipality, an array of off-road motorcycles made by Chongqing Fuego Power Co., Ltd. was waiting to be transported to Venezuela, one of the company’s 50-plus export destinations. Having been engaged in international trade for over seven years, the company expanded its overseas market mainly by attending international exhibitions. However, …

BEIJING, June 4 (ABC): China’s State Flood Control and Drought Relief Headquarters on Saturday upgraded its emergency response for flood control from Level IV to Level III as torrential rain continued to batter southern part of the country. From Saturday to Sunday, a new parade of downpours are expected to strike southern and northeastern parts of China, with some regions …

DILI, June 4 (ABC): Timor-Leste’s Prime Minister Taur Matan Ruak and visiting Chinese State Councilor and Foreign Minister Wang Yi agreed to cement bilateral ties and expand pragmatic cooperation to support Timor-Leste’s economic recovery here on other day. Ruak said since the establishment of diplomatic ties, Timor-Leste and China have been conducting mutually beneficial cooperation in a broad range of …

  JIUQUAN, June 4 (ABC): The Shenzhou-14 crewed spaceship will be launched at around 10:44 a.m. Sunday (Beijing Time) from the Jiuquan Satellite Launch Center in northwest China, announced the China Manned Space Agency (CMSA) on Saturday. After entering orbit, the spaceship will adopt fast automated rendezvous and docking with the radial port of the space station core module Tianhe, …

Chinese President Xi Jinping sent a congratulatory message to the China Soong Ching Ling Foundation (CSCLF) during a ceremony to commemorate the foundation’s 40th anniversary in Beijing on Tuesday. In the letter, President Xi urged the foundation to make new and greater contributions to the promotion of solidarity of all the sons and daughters of the Chinese nation at home …

BEIJING, June 03 (ABC): This year’s Dragon Boat Festival falls on Friday. The traditional Chinese festival is widely observed to commemorate Qu Yuan, a well-known patriotic poet of the State of Chu during the Warring States Period (475-221 B.C.). Qu wrote many poems that expressed his concern for the country and people, and they have been cited by President Xi …

CHENGDU, June 03 (ABC): People affected by an earthquake that on Wednesday rattled the city of Ya’an, southwest China’s Sichuan Province, have begun to return to their normal lives after comprehensive rescue efforts. Four people have been confirmed dead and 41 others injured after a 6.1-magnitude earthquake jolted Lushan County in Ya’an at 5 p.m. on Wednesday. The earthquake was …

BEIJING, June 03 (ABC): China’s electronic information manufacturing sector maintained steady growth in the first four months of 2022, data from the Ministry of Industry and Information Technology showed. The added value of electronic information manufacturers with annual operating revenues of at least 20 million yuan (about 3 million U.S. dollars) expanded 10.7 percent year on year during the period. …

XICHANG, June 03 (ABC): China on Thursday launched a Long March-2C carrier rocket to place a group of nine commercial satellites in space. The Geely-01 constellation consisting of nine satellites were lifted at 12:00 p.m. (Beijing Time) from the Xichang Satellite Launch Center in southwest China’s Sichuan Province and entered the preset orbit. Owned by GeeSpace, a subsidiary of Geely …

PORT MORESBY, June 03 (ABC): China and the Cook Islands on Thursday pledged efforts to deepen bilateral practical cooperation and promote closer relations. Prime Minister and Foreign Minister of the Cook Islands Mark Brown and visiting Chinese State Councilor and Foreign Minister Wang Yi made the pledge during a meeting via video. Wang is here on a visit to Papua …

BEIJING, June 03 (ABC) — Faced with resurgences of COVID-19 and external uncertainties, China is maneuvering monetary and fiscal policies to spur domestic demand. A State Council circular released on Tuesday specified measures to stabilize investment and boost consumption, once again putting the domestic demand front and center on the work agenda. Contributing 96.3 percent to economic growth, domestic demand …

BEIJING, June 02 (ABC): Chinese President Xi Jinping on Wednesday sent a message of condolence to Brazilian President Jair Bolsonaro over severe floods that have caused heavy casualties in the country. In the message, Xi said he was shocked to learn of the major floods in northeastern Brazil, which had caused heavy casualties and property losses. The Chinese president offered …

CHENGDU, June 2 (ABC): Rescue operations are being carried out in an orderly manner after a 6.1-magnitude earthquake rattled Lushan County in Ya’an, Sichuan, at 5 p.m. Wednesday Beijing Time, according to the China Earthquake Networks Center (CENC). The earthquake was followed by a 4.5-magnitude quake at 5:03 p.m. in Baoxing County, also in Ya’an. Four people had been confirmed …

HANGZHOU, June 02 (ABC): China’s first intelligent power plant utilizing solar and tidal power to generate electricity was connected to the power grid on Monday. The full operation of the power plant in east China’s Zhejiang Province marks the country’s new achievements in the utilization of marine energy resources and the development and construction of its new-energy network. Located in …

SHANGHAI, June 02 (ABC): As the Shanghai Customs House clock struck midnight on the Bund, the traffic linking the two sides of the Huangpu River had been fully restored, the barricades at some scenic spots had been removed and private cars appeared again on main roads. As of Wednesday, June 1, Shanghai has largely returned to normal production and life …

BEIJING, June 02 (ABC): Chinese Foreign Ministry spokesperson Zhao Lijian on Wednesday urged the United States to truly practice the principles of mutual respect, peaceful coexistence and win-win cooperation. In a recent speech, U.S. Secretary of State Antony Blinken characterized the Biden administration’s China strategy as “invest, align and compete.” In response, Zhao told a daily news briefing that China …

BEIJING, June 02 (ABC): With the latest COVID-19 resurgences abating and a weeks-long shopping festival just beginning, the Chinese government is handing out billions of yuan in shopping vouchers and subsidies to shore up domestic consumption. In one of the latest such moves, the central city of Zhengzhou, capital of Henan Province, announced to issue vouchers worth 240 million yuan …

BEIJING, June 01(ABC): Chinese President Xi Jinping on Tuesday stressed efforts to promote the healthy and all-round development of children and extended festive greetings to children across the country ahead of the International Children’s Day which falls on June 1. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made …

BEIJING, June 01(ABC): China’s State Council issued a circular on Tuesday, urging the implementation of a package of detailed policy measures to further stabilize the economy. The package, which was announced at a State Council executive meeting last week, includes 33 measures covering fiscal and financial policies as well as policies on investment, consumption, food and energy security, industrial and …

BEIJING, June 01(ABC): The energy supply in China has been generally stable and in good order this year despite rising external pressure, an official with the country’s top economic planner said Tuesday. “We are confident and can guarantee a stable and orderly energy supply for the upcoming summer power peak,” said Zhao Chenxin, deputy director of the National Development and …

  SHANGHAI, June 01 (ABC): Shanghai will fully restore the normal order of production and living across the city starting from Wednesday, on the premise of containing the overall risk of COVID-19, according to a press conference held on Tuesday. Buses, the entire rail transit network and ferry services will resume operations from Wednesday. Private cars and corporate vehicles can …

  BEIJING, June 01(ABC): When Liang Qichao wrote “If the youth are strong, the country will be strong” in his essay “The Young China,” the great polymath considered China’s youth to be a source of hope. The remarks were made at the nation’s darkest and most uncertain hour at the turn of the 20th century when Western powers mocked China …

  PHNOM PENH, June 01 (ABC): Life has returned to normalcy for children in Cambodia as most of them have been vaccinated against COVID-19, and the southeast Asian nation has reported no new cases for more than three weeks. Cambodia has administered COVID-19 vaccines to over 15 million people, or 94 percent of its total population of 16 million, the …

BEIJING, May 29 (INP): Sino-Pak enhances it cooperation for mitigating Pakistan’s fertilizer crisis, China Economic Net (CEN) reported on Sunday. As per the report, in recent years, the sharp rise in fertilizer prices kept farmers in Pakistan unsettling. Data shows that the cultivated land area in Pakistan has increased by 2 million hectares in the past two years, and 2021 …

ISLAMABAD, May 29 (ABC): The first shipment of Pakistani mangoes of this season has arrived in Kunming, China, Gwadar Pro reported on Sunday. As per Adnan Hafeez, General Secretary of the Pakistan Chamber of Commerce in China (PCCIC) and Director of Imperial Ventures (Pvt), the first batch of Sindhri mangoes landed at the Kunming airport with a total volume of …

JIUQUAN, May 29 (ABC): The combination of the Shenzhou-14 crewed spaceship and a Long March-2F carrier rocket has been transferred to the launching area, the China Manned Space Agency (CMSA) said Sunday. The facilities and equipment at the launch site are in good condition, and various pre-launch function checks and joint tests will be carried out as planned, said the …

BEIJING, May 29 (ABC): Assets under the management of China’s public offering funds reached 25.52 trillion yuan (about 3.79 trillion U.S. dollars) by the end of April, the latest data from the Asset Management Association of China showed. As of the end of last month, a total of 9,761 public offering funds were operated by 138 fund management companies, according …

BEIJING, May 28 (ABC): Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, urged efforts to advance the study of Chinese civilization amid a push to enhance people’s confidence in the Chinese culture. Xi made the remarks on Friday afternoon while addressing a group study session of the Political Bureau of the CPC Central Committee on …

ISLAMABAD, May 28(ABC): Pakistan is likely to get $2.5 billion from China after both sides reached an agreement on economic package. According to sources privy with the development, foreign exchange reserves will increase while pressure of foreign debt payments will reduced after Chinese funds are received. Sources further said that government is also in talks with China for economic package …

BEIJING, May 28 (ABC): Chinese and Pakistani experts are trying to find opportunities for cooperation to improve mango production in Pakistan by using advanced facilities and technology. “With our advanced facility agriculture, I believe that if there is an opportunity for cooperation, we will be able to systematically improve the reduction of mango production in Pakistan due to extreme weather,” …

BEIJING, May 28 (ABC): China reported a surplus in its international goods trade in April, data from the State Administration of Foreign Exchange showed on Friday. Goods exports came in at 1.6666 trillion yuan (about 247.3 billion U.S. dollars) last month, and imports at 1.3568 trillion yuan, resulting in a surplus of 309.9 billion yuan. In April, China saw a …

BEIJING, May 28 (ABC): China said on Friday that it would further facilitate foreign institutional investments in its bond market and coordinate the opening-up of the interbank and exchange bond markets. The country aims to increase the diversity of investors, while improving the liquidity and stability of its bond market, according to a statement jointly issued by the central bank …

BEIJING, May 28 (ABC):China will prioritize the development of cold-chain logistics for agricultural products amid efforts to better secure market supply.  The country aims to improve the cold-chain infrastructure for agricultural products and boost the capability and efficiency of their cross-regional cold-chain circulation over the next two years, according to a circular jointly released by the Ministry of Finance and …