Global-China Information Service

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday. BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe. In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March. The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao. The statisti...

Abstract : China's financial regulators on Thursday summoned 13 domestic internet platform companies including Tencent, JD Finance and ByteDance for talks on their financing businesses. BEIJING, April 29 (Xinhua) — China’s financial regulators on Thursday summoned 13 domestic internet platform companies including Tencent, JD Finance and ByteDance for talks on their financial businesses. The People’s Bank of China (PBOC), the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange initiated the regulatory talks. Pan Gongsheng, deputy head of the PBOC, hosted the talks. The talks show China is stepping up its supervision of internet platform companies’ financing businesses, strengthening its anti-monopoly efforts, and preventing the disorderly expansion of capital to promote the regulated, healthy and sustainable development of the platform economy. While admitting that the internet platfo...

Abstract : Chinese telecoms giant Huawei has started a special event titled "Huawei Carrier Congress 2021" in Bangladesh with industry stakeholders from the country and elsewhere in the South Asia region. DHAKA, April 30 (Xinhua) — Chinese telecoms giant Huawei has started a special event titled “Huawei Carrier Congress 2021” in Bangladesh with industry stakeholders from the country and elsewhere in the South Asia region. The event was virtually inaugurated Thursday by Mustafa Jabbar, Bangladeshi minister of Posts and Telecommunications. The congress which will last until almost the end of May aims to exchange views about technology trends and other aspects that may influence the tech world in the coming days. Various MNOs (mobile network operators), including the telecom operators, partners, regulators, think-tanks, academia, from Bangladesh, Bhutan, and Nepal are expected to join this event in the next few days virtually, and also physically while maintaining precaut...

Abstract : The People's Bank of China, the central bank, conducted this year's fourth central bank bills swap (CBS) operation on Thursday to improve the liquidity of perpetual bonds issued by commercial banks. BEIJING, April 29 (Xinhua) — The People’s Bank of China, the central bank, conducted this year’s fourth central bank bills swap (CBS) operation on Thursday to improve the liquidity of perpetual bonds issued by commercial banks. The CBS, valued at 5 billion yuan (about 772.62 million U.S. dollars), is open to primary dealers for bidding at a fixed rate of 0.1 percent, the central bank said in a statement. The swap will be due on July 29, said the statement. The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills, which will boost market demand for perpetual bonds but have a neutral impact on liquidity in the banking system. Perpetual bonds are fixed-income securities with no maturity date and are not redeemable but pay a steady stre...

Abstract : Beijing Jiaotong University of China and the University of Malaysia Pahang signed an agreement on Wednesday on the offering of dual degree programs related to railway to jointly cultivate Malaysian talents in the field. Khairul Adib Bin Abd Rahman, director general of Public Service, Malaysia, speaks at the agreement signing ceremony of Beijing Jiaotong University of China and the University of Malaysia Pahang on the offering of dual degree programs related to railway to jointly cultivate Malaysian talents in the field, in Putrajaya, Malaysia, April 28, 2021. (Photo by Chong Voon Chung/Xinhua) PUTRAJAYA, Malaysia, April 28 (Xinhua) — Beijing Jiaotong University of China and the University of Malaysia Pahang signed an agreement on Wednesday on the offering of dual degree programs related to railway to jointly cultivate Malaysian talents in the field. According to the Memorandum of Agreement signed between the two universities, three railway related programs of dual bac...

Abstract : China's non-financial outbound direct investment (ODI) went down 4.9 percent year on year in the first quarter (Q1) of the year, official data showed. BEIJING, April 29 (Xinhua) — China’s non-financial outbound direct investment (ODI) went down 4.9 percent year on year in the first quarter (Q1) of the year, official data showed. The ODI amounted to 160.81 billion yuan (about 24.8 billion U.S. dollars) in the period, according to the Ministry of Commerce. China’s non-financial ODI into countries along the Belt and Road sustained a steady growth. During the period, investment into these countries expanded 5.2 percent year on year, accounting for 17.8 percent of the total ODI. The share was up by 0.5 percentage points from the same period last year. Outbound investment into manufacturing and information transmission grew rapidly. Information transmission sector, for instance, attracted 1.62 billion dollars of funds in the first three months, up 20.9 percent compar...

Abstract : At a workshop in Haibo Group, the team leader's first task each morning was to assign job duties, which could often take an hour or more. Now with a few clicks, assigning the workload can be done within two minutes. HANGZHOU, April 29 (Xinhua) — At a workshop in Haibo Group, the team leader’s first task each morning was to assign job duties, which could often take an hour or more. Now with a few clicks, assigning the workload can be done within two minutes. Haibo Group, in Ningbo City, east China’s Zhejiang Province, has been using Alibaba’s communication app DingTalk since 2018. The new tool has significantly improved work efficiency and lowered costs, according to Lin Yaozuan, general manager of Haibo Group. “More and more Chinese traditional small and medium-sized enterprises (SMEs) like us are beginning to feel the crunch of low efficiency in production and enterprise management,” said Lin, stressing the urgency of implementing digital transformation. “The most ...

Abstract : Entering its eighth year of solid progress, the Belt and Road Initiative (BRI) is injecting growing impetus and stability into global cooperation in a world of uncertainties. BEIJING, April 28 (Xinhua) — Entering its eighth year of solid progress, the Belt and Road Initiative ( BRI ) is injecting growing impetus and stability into global cooperation in a world of uncertainties. Just days ago at the Boao Forum for Asia annual conference, Chinese President Xi Jinping likened the BRI to “a public road open to all” rather than “a private path owned by one single party.” His use of this analogy indicates that China, as the initiator of the BRI, endeavors to share opportunities with the rest of the world. Faced with the unprecedented challenges of COVID-19 , rising unilateralism and increasing protectionism, the world requires closer ties among all nations. Against this backdrop, the BRI is particularly valuable for cementing connectivity, bridging differences and advancing...

Abstract : During the Spring Festival holiday, Hua Jing, 25, shuttled around caring for and spending time with feline friends in Yinchuan, the capital city of northwest China's Ningxia Hui Autonomous Region. YINCHUAN, April 28 (Xinhua) — During the Spring Festival holiday, Hua Jing, 25, shuttled around caring for and spending time with feline friends in Yinchuan, the capital city of northwest China’s Ningxia Hui Autonomous Region. Her new furry companions, however, did not belong to Hua’s friends but to complete strangers online who she met through Xianyu, a consumer-to-consumer marketplace spun from Alibaba’s Taobao. The business, which mainly depends on the kindness of strangers, was developed by a young urbanite hailing from central China’s Hubei Province, once hard hit by COVID-19 . Hua, being a cat addict herself, came up with the idea of helping cat owners when they needed to take holiday and leave their pets behind. “Young, empty-nesters in big cities far away from the...

Abstract : China will adjust tariffs on some steel products to lower import costs as part of efforts to push the industry's upgrading and transformation. BEIJING, April 28 (Xinhua) — China will adjust tariffs on some steel products to lower import costs as part of efforts to push the industry’s upgrading and transformation. Starting on May 1, China will apply a provisional zero import tax rate on pig iron, crude steel, recycled steel raw materials, and ferrochrome, the Customs Tariff Commission of the State Council said in a circular. Export tariffs on ferrosilicon, ferrochrome, and high-purity pig iron would be raised to 25 percent, 20 percent, and 15 percent, respectively. The adjustment is aimed at reducing import costs, expanding steel imports, supporting domestic producers to cut crude steel output, guiding the industry to cut energy consumption, and pushing industrial upgrading and high-quality development in the sector, according to the circular. The move comes as Ch...

Abstract : China's population continued to grow in 2020, the National Bureau of Statistics (NBS) said Thursday. BEIJING, April 29 (Xinhua) — China’s population continued to grow in 2020, the National Bureau of Statistics (NBS) said Thursday. Specific data will be released in the 7th national population census bulletin, the NBS said in a brief statement on its website. The 7th national population census was launched in November last year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI). Source: China’s population continues to grow in 2020: NBS

Abstract : The Bangladeshi government on Wednesday gave the greenlight to a proposal of producing Chinese and Russian COVID-19 vaccines in the country. DHAKA, April 28 (Xinhua) — The Bangladeshi government on Wednesday gave the greenlight to a proposal of producing Chinese and Russian COVID-19 vaccines in the country. Bangladesh’s Cabinet Committee on Economic Affairs approved the proposal to produce the vaccines — China’s Sinopharm and Russia’s Sputnik V. Shahida Akhter, a senior Cabinet Division official, said several leading Bangladeshi pharmaceutical firms in collaboration with the Chinese and Russian companies will produce the vaccines. The decision came days after Dhaka suspended the first dosing of the Oxford-AstraZeneca vaccine on a supply crunch. Amid uncertainty over the timely arrival of the next COVID-19 vaccine shipment from India, the Bangladeshi government halted administering the first dose of the AstraZeneca vaccine across the country from Monday. Nearly 6 mi...

Abstract : China's leading new energy vehicle (NEV) manufacturer BYD Company Limited reported surging profit and revenue growth in the first quarter of 2021. SHENZHEN, April 28 (Xinhua) — China’s leading new energy vehicle (NEV) manufacturer BYD Company Limited reported surging profit and revenue growth in the first quarter of 2021. In the latest quarterly report filed with the Shenzhen Stock Exchange, the Shenzhen-headquartered company said it recorded 237 million yuan (about 36.6 million U.S. dollars) of net profits in the past quarter, up 110.7 percent year on year. During the January-March period, the company’s revenues soared 108.3 percent year on year to 40.99 billion yuan. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated in...

Abstract : Chinese Premier Li Keqiang said on Wednesday that China stands ready to work with Germany to keep the overall direction of bilateral relations featuring dialogue and cooperation and promote Sino-German relationship to a higher level. Chinese Premier Li Keqiang co-chairs the sixth China-Germany inter-governmental consultation with German Chancellor Angela Merkel via video link in Beijing, capital of China, April 28, 2021. (Xinhua/Yue Yuewei) BEIJING, April 28 (Xinhua) — Chinese Premier Li Keqiang said on Wednesday that China stands ready to work with Germany to keep the overall direction of bilateral relations featuring dialogue and cooperation and promote Sino-German relationship to a higher level. Li made the remarks when co-chairing the sixth China-Germany inter-governmental consultation with German Chancellor Angela Merkel via video link in Beijing. He stressed that cooperation and win-win results is the main thrust of China-Germany all-round strategic partnership...

Abstract : Chinese lawmakers on Thursday voted to adopt an anti-food-waste law at a session of the National People's Congress (NPC) Standing Committee. BEIJING, April 29 (Xinhua) — Chinese lawmakers on Thursday voted to adopt an anti-food-waste law at a session of the National People’s Congress (NPC) Standing Committee. The law will go into effect on the date of promulgation. According to the law, catering service providers could charge customers who leave excessive amounts of food waste a disposal fee, but rates for the charge must be clearly advertised. Approximately 18 billion kg of food is wasted every year in China’s urban catering industry, according to a report based on nationwide field research carried out by NPC deputies. The country also sees over 35 billion kg of grain loss at pre-consumption stages including storage, transportation and processing, said the report. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiativ...

Abstract : Contemporary Amperex Technology Co., Ltd. (CATL), China's largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 epidemic. FUZHOU, April 28 (Xinhua) — Contemporary Amperex Technology Co., Ltd. (CATL), China’s largest automotive lithium-ion battery maker, posted strong profit growth in 2020 despite the COVID-19 epidemic. Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. CATL said its lithium-ion battery sales in 2020 gained 14.4 percent year on year to 46.84 GWh. Boosted by the strong earnings growth, shares of CATL jumped 5.29 percent to close at 367.03 yuan Wednesday in Shenzhen. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (...

Abstract : China and ASEAN are likely to see the combined value of their digital economies reach 9.58 trillion U.S. dollars by 2025 on solid grounds for more cooperation ahead, according to a white paper. FUZHOU, April 26 (Xinhua) — China and ASEAN are likely to see the combined value of their digital economies reach 9.58 trillion U.S. dollars by 2025 on solid grounds for more cooperation ahead, according to a white paper. China’s digital economy has been growing at an average annual rate of over 17 percent since 2016, while the rate for ASEAN topped over 34 percent, said a white paper released at the fourth Digital China Summit in east China’s city of Fuzhou from Sunday to Monday. “This year will mark a new outset for China-ASEAN cooperation in the digital economy,” read the white paper issued by an industrial cybersecurity research center overseen by the Ministry of Industry and Information Technology. The two sides will make an action plan for 2021 to 2025 this year on imple...

Abstract : Upon arriving at a scenic spot on the Lijiang River, south China's Guangxi Zhuang Autonomous Region, Li Fang took out a 20-yuan paper note to use in a photo with her husband. Aerial photo taken on Oct. 18, 2018 shows tourists taking a boating trip on Lijiang River in Yangshuo County of Guilin, south China’s Guangxi Zhuang Autonomous Region. (Xinhua/Zhang Ailin) NANNING, April 25 (Xinhua) — Upon arriving at a scenic spot on the Lijiang River, south China’s Guangxi Zhuang Autonomous Region, Li Fang took out a 20-yuan paper note to use in a photo with her husband. Printed on the back of the note is the landscape she and her husband stood in front of in Yangshuo County in the city of Guilin. The hot tourist destination was first printed on the 20-yuan note in 2000, one in the fifth set of China’s currency banknotes. “The green mountains and lucid waters are picturesque, and I really enjoyed the environment while taking a raft downstream,” said Li, 32. Hailed as one of...

Abstract : China will strengthen the building of county-level business systems and introduce new measures to streamline administration in the field of intellectual property rights (IPR), a State Council executive meeting chaired by Premier Li Keqiang decided on Tuesday. BEIJING, April 27 (Xinhua) — China will strengthen the building of county-level business systems and introduce new measures to streamline administration in the field of intellectual property rights (IPR), a State Council executive meeting chaired by Premier Li Keqiang decided on Tuesday. To facilitate circulation, increase farmers’ incomes and boost rural consumption, the meeting urged efforts to support the transformation and upgrading of commercial facilities in counties and promote the growth of the rural commerce network. China will support qualified villages and towns in building business centers that integrate such functions as shopping, entertainment and leisure, while ramping up the development of...

Abstract : China has issued a guideline to strengthen regulation on asset-light housing rental enterprises and clarify regulatory measures for those engaged in sublease operations. BEIJING, April 26 (Xinhua) — China has issued a guideline to strengthen regulation on asset-light housing rental enterprises and clarify regulatory measures for those engaged in sublease operations. Housing leasing companies and individuals subleasing more than 10 houses (rooms) are required to register as market entities in accordance with law and obtain business license, said the guideline jointly issued by the Ministry of Housing and Urban-Rural Development and other five government bodies. To defuse financial risks, the guideline required housing rental companies to set up a regulatory account for rental funds at local commercial banks. If the companies collect rents for more than three months at a time or deposits for more than one month at a time, they should include the funds in the account. The ...

Abstract : The northern Chinese port city of Tianjin saw its foreign trade surge 17.5 percent year on year to 184.9 billion yuan (about 28.5 billion U.S. dollars) in the first quarter of this year, data from Tianjin Customs showed. TIANJIN, April 28 (Xinhua) — The northern Chinese port city of Tianjin saw its foreign trade surge 17.5 percent year on year to 184.9 billion yuan (about 28.5 billion U.S. dollars) in the first quarter of this year, data from Tianjin Customs showed. The city’s imports rose 5.7 percent year on year to about 105 billion yuan and exports climbed to approximately 80 billion yuan, up 37.5 percent over the same period last year. Imports of agricultural products, as well as mechanical and electrical products, registered strong performances, respectively accounting for 38.3 percent and 42.6 percent of the city’s total in the first quarter. Exports of labor-intensive products including textiles, furniture, plastic products, and mechanical and electri...

Abstract : Amid the raging COVID-19 pandemic, Cambodia's economy in 2020 registered its slowest growth since 1994. However, the country's growth is projected to rebound 3.5 percent this year, thanks to its newly-signed bilateral free trade agreement with China and the RCEP. by Mao Pengfei, Nguon Sovan PHNOM PENH, April 28 (Xinhua) — Amid the raging COVID-19 pandemic, Cambodia’s economy in 2020 registered its slowest growth since 1994. However, the country’s growth is projected to rebound 3.5 percent this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP). STIMULUS PACKAGE A government report showed that the Southeast Asian nation’s economy shrank 1.9 percent last year, to 27.6 billion U.S. dollars. Despite the pandemic, Cambodia’s total trade volume reached 35.8 billion dollars in 2020, up 2.5 percent from a year earlier. The GDP growth in 2021 is forecast to rebound 3.5 percent ...

Abstract : The far west Chinese region has been a pioneer in the country's new energy drive by turning its natural endowments into power for a greener future. A mountainous district in its capital city Urumqi is known as the cradle of China's wind power industry. by Xinhua writers Zhang Zhongkai, Du Gang, Fang Ning URUMQI, April 28 (Xinhua) — In the vast Gobi desert in the east of China’s Xinjiang Uygur Autonomous Region, over 10,000 pentagon-shaped mirror-like devices form layers of circles, resembling a radiating sun. At the very center of the “sun” stands a 220-meter-high tower. It is not a mysterious ritual from the old days, nor artwork. The project is a modern attempt by the region to capitalize on its abundant solar energy and turn it into heat and power. The photothermal power station is the first of its kind in Xinjiang. It can generate power equivalent to that of burning some 60,000 tonnes of standard coal each year, reducing carbon dioxide emissions by ov...

Abstract : Chinese and Pakistani officials and businessmen on Tuesday discussed ways to advance business-to-business (B2B) matchmaking in textile industry under the China-Pakistan Economic Corridor (CPEC). Arial photo taken on Aug. 5, 2019 shows the view of Sukkur-Multan Motorway in central Pakistan ‘s Multan. (Xinhua/Ahmad Kamal) Business-to-business joint ventures are intrinsic to the success of CPEC and the special economic zones, and the Pakistan’s Board of Investment will extend full support to Chinese investors for successful materialization of their projects in Pakistan, said a Pakistani official. ISLAMABAD, April 28 (Xinhua) — Chinese and Pakistani officials and businessmen on Tuesday discussed ways to advance business-to-business (B2B) matchmaking in textile industry under the China-Pakistan Economic Corridor (CPEC). Khashih ur Rehman, executive director general of Pakistan’s Board of Investment (BOI), said during a webinar that the event will help in advancing B2B ...

Abstract : The combined profits of China's state-owned enterprises (SOEs) reached 961.45 billion yuan (about 148.1 billion U.S. dollars) in the first quarter of this year, up 190 percent year on year, official data showed Tuesday. BEIJING, April 27 (Xinhua) — The combined profits of China’s state-owned enterprises (SOEs) reached 961.45 billion yuan (about 148.1 billion U.S. dollars) in the first quarter of this year, up 190 percent year on year, official data showed Tuesday. During the period, the profits of centrally administered SOEs rose 130 percent year on year to 696.57 billion yuan, according to the Ministry of Finance. The SOEs saw their total revenue surge 33.3 percent year on year to over 16.37 trillion yuan. The revenue of centrally administered SOEs went up 27.3 percent year on year to over 9.39 trillion yuan. At the end of March, the debt-to-asset ratio of the country’s SOEs came in at 64.3 percent, flat with the level seen during the same period last year,...

Abstract : The Chinese mainland's actual use of investment from Taiwan rose 29.9 percent year on year to 330 million U.S. dollars during the first quarter of 2021, a mainland spokesperson said Wednesday. BEIJING, April 28 (Xinhua) — The Chinese mainland’s actual use of investment from Taiwan rose 29.9 percent year on year to 330 million U.S. dollars during the first quarter of 2021, a mainland spokesperson said Wednesday. At the same time, 1,195 Taiwan-funded enterprises were newly established on the mainland, a year-on-year increase of 33.4 percent, Ma Xiaoguang, a spokesman for the State Council Taiwan Affairs Office, said at a regular press conference. Taking Taiwan investment via third places into account, the actual use of investment from Taiwan would reach 910 million dollars, with a year-on-year increase of 80.7 percent, said Ma, citing statistics by the Ministry of Commerce. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt...

Abstract : A prototype space mining spacecraft was sent into its planned orbit on Tuesday from the Taiyuan Satellite Launch Center in north China's Shanxi Province. GUANGZHOU, April 27 (Xinhua) — A prototype space mining spacecraft was sent into its planned orbit on Tuesday from the Taiyuan Satellite Launch Center in north China’s Shanxi Province. The spacecraft NEO-01, developed by Chinese commercial aerospace company Origin Space Co., Ltd., was among a total of nine satellites sent into space by a Long March-6 rocket on Tuesday. Su Meng, founder of Origin Space, said experiments will be carried out to test the spacecraft’s capabilities in asteroid mining and space debris removal. Su added that NEO-01 will serve as a prototype of future space mining robots, which can use rich mineral resources on asteroids to support the development of the space industry. Founded in 2019 and based in the southern Chinese tech hub Shenzhen, Origin Space has been dedicated to explorin...

Abstract : China spent more than 5.3 trillion yuan (around 817 billion U.S. dollars) on education in 2020, up approximately 5.65 percent from 2019, showed statistics released Tuesday by the Ministry of Education. Pupils having class at the Beilin Primary School built with supports from Guangdong Province in the Rongshui Miao Autonomous County in south China’s Guangxi Zhuang Autonomous Region, Nov. 20, 2020. (Xinhua/Huang Xiaobang) BEIJING, April 27 (Xinhua) — China spent more than 5.3 trillion yuan (around 817 billion U.S. dollars) on education in 2020, up approximately 5.65 percent from 2019, showed statistics released Tuesday by the Ministry of Education. The statistics indicated that about 4.3 trillion yuan, or over 80 percent of the total spending, came from government budgetary spending. Spendings on pre-school education, compulsory education, senior high school education and higher education had increased by 2.39 percent, 6.55 percent, 9.14 percent and 3.99 per...

Abstract : With a series of solid steps under way, China is determined to tackle climate change and honor its pledge on carbon neutrality. BEIJING, April 27 (Xinhua) — With a series of solid steps under way, China is determined to tackle climate change and honor its pledge on carbon neutrality. The country is planning to put in place a special law on climate change, Li Gao, head of the department of climate change at the Ministry of Ecology and Environment, told a press conference Tuesday. “It should be said that we think the timing for making the law is now good, with some foundation laid earlier,” said Li. The legislation will be of great significance as it can lay a legal foundation for China to meet its climate goal, Li said. China has announced its goal to peak its carbon dioxide emissions before 2030 and become carbon-neutral by 2060. Such commitments are built upon sound emission reduction achievements in recent years. China has included slashing carbon intensity a...

Abstract : China's leading liquor maker Kweichow Moutai earned a net profit of 13.95 billion yuan (about 2.15 billion U.S. dollars) in the first quarter of 2021, up 6.57 percent year on year. GUIYANG, April 27 (Xinhua) — China’s leading liquor maker Kweichow Moutai earned a net profit of 13.95 billion yuan (about 2.15 billion U.S. dollars) in the first quarter of 2021, up 6.57 percent year on year. During the January-March period, its revenue climbed 11.74 percent year on year to 27.27 billion yuan, the company said in its quarterly report filed with the Shanghai Stock Exchange. The liquor maker said late March that it has set its revenue growth target for 2021 at around 10.5 percent compared with last year. Distilled in the town of Maotai in southwest China’s Guizhou Province, this famed liquor is often served at state banquets. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic...

Abstract : The Egyptian Drug Authority (EDA) approved the Chinese Sinovac COVID-19 vaccine for emergency use in Egypt, said the authority in a statement on its Facebook page on early Wednesday. Egyptian Prime Minister Mostafa Madbouly (C), Health Minister Hala Zayed (2nd L) and Chinese Ambassador to Egypt Liao Liqiang (2nd R) pose for photos after a signing ceremony in Cairo, Egypt, April 21, 2021. (Xinhua/Wang Dongzhen) CAIRO, April 27 (Xinhua) — The Egyptian Drug Authority (EDA) approved the Chinese Sinovac COVID-19 vaccine for emergency use in Egypt, said the authority in a statement on its Facebook page on early Wednesday. Mahmoud Yassin, head of EDA’s Central Administration for Biological and Innovative Products, said “the step is part of the state’s efforts to control the spread of COVID-19 and provide the vaccines for all citizens.” He added that “the EDA has authorized the license of using the vaccine after carrying out the required assessment based on the internation...

Abstract : In a few days, China's airports, train stations and tourist sites will be filled with buzzing travelers and tourists while regular COVID-19 containment measures remain in place. Photo taken on June 27, 2020 shows tourists experiencing surfing in Tenghai village of Sanya, south China’s Hainan Province. (Xinhua/Zhang Liyun) BEIJING, April 27 (Xinhua) — In a few days, China’s airports, train stations and tourist sites will be filled with buzzing travelers and tourists while regular COVID-19 containment measures remain in place. A travel bonanza is fast approaching as tickets during the upcoming five-day Labor Day holiday starting on May 1 have been in high demand. “The holiday gives me a chance to escape from the stress of work,” said Zhang Chuanshi, 35, who works for an internet company. He decided to go to Yunnan after Beijing scrapped mandatory nucleic acid tests for arrivals from areas with low COVID-19 infection risks. Zhang said his family had to drop...