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Showing posts from June, 2021

【Financial Str. Release】China’s forex reserves expand to 3.2218 trln USD

Abstract : China's foreign exchange reserves expanded to 3.2218 trillion U.S. dollars at the end of May, up 23.6 billion dollars from a month earlier, official data showed Monday. BEIJING, June 7 (Xinhua) — China’s foreign exchange reserves expanded to 3.2218 trillion U.S. dollars at the end of May, up 23.6 billion dollars from a month earlier, official data showed Monday. 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 information services for the Belt and Road Initiative (BRI). Source: 【Financial Str. Release】China’s forex reserves expand to 3.2218 trln USD

Chinese export insurance company reports steady business growth

Abstract : China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first five months of 2021. BEIJING, June 5 (Xinhua) — China’s only policy -oriented insurer specializing in export credit insurance reported steady business growth in the first five months of 2021. The China Export & Credit Insurance Corporation, or SINOSURE, served about 139,000 clients in the January-May period, increasing 16.3 percent year on year. During the period, the company underwrote about 314.63 billion U.S. dollars worth of insured businesses, up 28 percent year on year. SINOSURE is a state-funded and policy -oriented insurance company that promotes China’s foreign economic and trade development and cooperation. It was officially launched and put into operation in 2001, and its service network now covers the whole country. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal...

China’s central bank conducts 10 bln yuan of reverse repos

Abstract : China's central bank Monday conducted 10 billion yuan (about 1.56 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. BEIJING, June 7 (Xinhua) — China’s central bank Monday conducted 10 billion yuan (about 1.56 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People’s Bank of China. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. 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 inf...

APEC members should safeguard multilateral trading system: Chinese minister

Abstract : Amid the pandemic shock, members of the Asia-Pacific Economic Cooperation (APEC) should safeguard the multilateral trading system and strive to build an Asia-Pacific community with a shared future, China's Commerce Minister Wang Wentao said Saturday. Aerial photo taken on Jan. 14, 2021 shows the container terminal of the Lianyungang Port in Lianyungang City, east China’s Jiangsu Province. (Photo by Geng Yuhe/Xinhua ) BEIJING, June 6 (Xinhua) — Amid the pandemic shock, members of the Asia-Pacific Economic Cooperation (APEC) should safeguard the multilateral trading system and strive to build an Asia-Pacific community with a shared future, China’s Commerce Minister Wang Wentao said Saturday. APEC members should strengthen anti-virus cooperation, promote inclusive and sustainable growth, and build an Asia-Pacific community with a shared future as global development is confronted by severe challenges, Wang said while attending the APEC Ministers Responsible for Trade ...

China expected to see robust tourism in upcoming holiday: report

Abstract : China is expected to embrace a tourism boom during the upcoming Dragon Boat Festival holiday, according to a recent industry report. Visitors ride camels in Kumtag Desert in Shanshan County, northwest China’s Xinjiang Uygur Autonomous Region, May 16, 2021. The county sees boom in desert tourism early May. (Xinhua/Ding Lei) BEIJING, June 5 (Xinhua) — China is expected to embrace a tourism boom during the upcoming Dragon Boat Festival holiday, according to a recent industry report. Some 100 million trips will be made by Chinese tourists within the three-day holiday starting next week, a report from online travel booking platform Ctrip estimated. It envisioned that the number of trips will return to the 2019 level in the same holiday period. Beijing, Shanghai and Hangzhou are expected to be the top three destinations, the report said, adding that middle- and short-distance trips will be favored by most tourists. This year’s Dragon Boat Festival holiday runs from June 12...

China to follow WTO procedures regarding Australian barley disputes

Abstract : China will properly handle disputes regarding anti-dumping and countervailing duties on barley imported from Australia, in line with the dispute settlement procedures of the World Trade Organization (WTO), the commerce ministry said on Thursday. BEIJING, June 3 (Xinhua) — China will properly handle disputes regarding anti-dumping and countervailing duties on barley imported from Australia , in line with the dispute settlement procedures of the World Trade Organization (WTO), the commerce ministry said on Thursday. The Chinese government has always respected the WTO rules and has managed its foreign trade according to these rules, Gao Feng, a spokesperson with the Ministry of Commerce (MOC), said in response to the WTO’s recent establishment of a panel to resolve the disputes. As for New Zealand’s participation in the case, Gao said that China respects the country’s right as a WTO member to be involved in hearings on the relevant disputes as a third party. China laun...

【Financial Str. Release】Economic Watch: China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms, insurers, and banks, said the regulator, adding that the move brought China’s total QDII quota to 147.32 billion U.S. dollars. The quotas approved Wednesday were the largest since the country implemented the QDII scheme in 2006. Over the years, China has gradually normalized and accelerated the issuance of QDII quotas. Since Septe...

China to hold activities to promote cultural, natural heritage

Abstract : China will hold more than 4,900 events to promote cultural and natural heritage across the country, the National Cultural Heritage Administration said Thursday. BEIJING, June 3 (Xinhua) — China will hold more than 4,900 events to promote cultural and natural heritage across the country, the National Cultural Heritage Administration said Thursday. The activities are designed to celebrate this year’s Cultural and Natural Heritage Day, which falls on June 12. Forums, publicity campaigns, and exhibitions will be held online and offline in southwest China’s Chongqing Municipality, the host city of this year’s celebration. Since 2006, China has celebrated Cultural Heritage Day on the second Saturday of June. In 2017, it was renamed Cultural and Natural Heritage Day. 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 Po...

Chinese FM holds talks with PNG counterpart

Abstract : Chinese State Councilor and Foreign Minister Wang Yi on Thursday held talks with Soroi Eoe, minister of foreign affairs and international trade of Papua New Guinea (PNG), in Guiyang, capital of southwest China's Guizhou Province. Chinese State Councilor and Foreign Minister Wang Yi (R) meets with Soroi Eoe, minister of foreign affairs and international trade of Papua New Guinea (PNG) in Guiyang, capital of southwest China’s Guizhou Province, June 3, 2021. (Xinhua/Yang Wenbin) GUIYANG, June 3 (Xinhua) — Chinese State Councilor and Foreign Minister Wang Yi on Thursday held talks with Soroi Eoe, minister of foreign affairs and international trade of Papua New Guinea (PNG), in Guiyang, capital of southwest China’s Guizhou Province. Noting this year marks the 45th anniversary of the establishment of diplomatic ties between the two countries, Wang said that the most important experience of the two countries’ relations is that both sides have always been treating each...

China Focus: Over 700 mln COVID-19 vaccine doses administered across China

Abstract : More than 704.8 million doses of COVID-19 vaccines had been administered across China as of Wednesday, the National Health Commission (NHC) said Thursday. BEIJING, June 3 (Xinhua) — More than 704.8 million doses of COVID-19 vaccines had been administered across China as of Wednesday, the National Health Commission (NHC) said Thursday. The number of doses administered has continued to rise at an ever-faster rate since China hit the landmark figure of 100 million on March 27. China took just 25 days to hit the next milestone of administering 200 million doses nationwide. It only took five days to increase vaccine distribution from 600 million doses to 700 million. A total of 20 vaccines have entered clinical trials in China since last year, according to Zheng Zhongwei, an official with the NHC. “China has been taking the lead in terms of the number of vaccines that are being developed.” While quickening domestic vaccination and vaccine research and development, China ha...

Chad receives donation of Chinese vaccines against COVID-19

Abstract : The Chadian government has received a donation of vaccines against the novel coronavirus from Chinese pharmaceutical company Sinopharm. Chinese Ambassador to Chad Li Jinjin (3rd L) and the Chadian Minister of Public Health and National Solidarity Abdoulaye Saber Fadoul (2nd L) are present for the arrival of a donation of vaccines against the novel coronavirus from Chinese pharmaceutical company Sinopharm at the N’Djamena International Airport in Chad, June 2, 2021. (Chinese Embassy in Chad/Handout via Xinhua) N’DJAMENA, June 3 (Xinhua) — The Chadian government has received a donation of vaccines against the novel coronavirus from Chinese pharmaceutical company Sinopharm. “China strongly believes that the vaccine should be a global public good. Despite domestic demand, we have delivered on our promise by delivering the vaccine to more than 80 developing countries in urgent need,” said Chinese Ambassador to Chad Li Jinjin at the N’DJAMENA International Airport Wednesda...

Scientific approach important for China’s high-quality land greening: official

Abstract : Adopting a scientific approach is of great importance amid China's efforts to promote high-quality afforestation, Head of the National Forestry and Grassland Administration Guan Zhiou said Thursday. BEIJING, June 3 (Xinhua) — Adopting a scientific approach is of great importance amid China’s efforts to promote high-quality afforestation, Head of the National Forestry and Grassland Administration Guan Zhiou said Thursday. Guan made the remarks when commenting on the guideline on adopting scientific measures in China’s afforestation work, which was issued recently. He said it helps enhance the systematicness, synergy, and effectiveness of ecological protection and restoration in an interview with Xinhua. Highlighting 14 measures of scientific afforestation, the guideline urged efforts in fields including planning, land arrangement, utilization of water resources, selection of green species, vegetation restoration, returning farmland to forest and grassland, and innov...

China’s central bank conducts 10 bln yuan of reverse repos

Abstract : China's central bank Wednesday conducted 10 billion yuan (about 1.57 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. BEIJING, June 2 (Xinhua) — China’s central bank Wednesday conducted 10 billion yuan (about 1.57 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to a statement on the website of the People’s Bank of China. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. 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 in...

Chinese vice premier stresses groundwater protection in northern China

Abstract : Chinese Vice Premier Hu Chunhua on Thursday called for efforts to control the over-exploitation of groundwater in northern China to improve the aquatic ecology in the region. Chinese Vice Premier Hu Chunhua, also a member of the Political Bureau of the Communist Party of China Central Committee, presides over a meeting on controlling the over-exploitation of groundwater in northern China, in Beijing, capital of China, on June 3, 2021. (Xinhua/Li Xiang) BEIJING, June 3 (Xinhua) — Chinese Vice Premier Hu Chunhua on Thursday called for efforts to control the over-exploitation of groundwater in northern China to improve the aquatic ecology in the region. Hu, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks at a meeting on the issue. Marked progress has been achieved in controlling the over-exploitation of groundwater in the region as the overall level of shallow-lying underground water rose 0.23 meters in 2020, end...

China sees progress in employment for relocated rural people

Abstract : China has made progress in employment for people relocated amid its poverty-alleviation program, data from the country's top economic planner showed Thursday. BEIJING, June 3 (Xinhua) — China has made progress in employment for people relocated amid its poverty-alleviation program, data from the country’s top economic planner showed Thursday. Some 3.78 million of these people were employed so far, which means that at least one family member with working capabilities of these relocated households has a job, said Tong Zhangshun, an official with the National Development and Reform Commission. Industrial parks, workshops, and tourism programs were launched in these new settlements nationwide to help the resettled population get jobs, Tong said. During the 14th five-year plan period (2021-2025), the government will continue improving infrastructure and public services at the new settlements, he said. China had fully completed its poverty-alleviation relocation programs...

China deepens reform of business permits to boost market entities

Abstract : A full-coverage listing-management system will be adopted for enterprise-related business licensing items nationwide starting from July 1, said a State Council circular released Thursday. BEIJING, June 3 (Xinhua) — A full-coverage listing-management system will be adopted for enterprise-related business licensing items nationwide starting from July 1, said a State Council circular released Thursday. At the same time, more reforms of the examination-and-approval system will be launched in pilot free trade zones (FTZs), the circular said. A digital-license system for businesses will be available nationwide by the end of 2022, with paper materials no longer needed if the target information can be obtained via the digital-license system. By the end of 2022, a simplified, highly efficient, fair and transparent industry-access rule with a low threshold and strict management will be established in an effort to make administrative operations more convenient and predictable f...

China Development Bank sells 2 bln U.S. dollar onshore bonds

Abstract : The China Development Bank (CDB), one of the country's policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years. BEIJING, June 3 (Xinhua) — The China Development Bank (CDB), one of the country’s policy banks, issued 2 billion U.S. dollars in onshore bonds on Thursday, its first such USD-denominated bond issuance for six years. The one-year bonds yield a coupon of 0.38 percent, according to a statement posted on the CDB’s website. It has helped the CDB broaden its foreign-currency financing channels and offers domestic institutions diversified foreign-currency investment products, said the bank. The bank said it would continuously enrich bond products and actively promote the interconnection and high-quality development of the bond market. As the Chinese currency renminbi, or the yuan, continues to appreciate rapidly, China’s central bank has vowed to guide expectations to keep the yuan ex...

Chinese premier stresses boosting employment, business start-ups

Abstract : Chinese Premier Li Keqiang on Thursday urged efforts to create more opportunities for employment and business start-ups to meet this year's job-creation target. Chinese Vice premiers Sun Chunlan and Hu Chunhua, who are both members of the Political Bureau of the Communist Party of China (CPC) Central Committee, attend a teleconference on employment and business start-ups in Beijing, capital of China, on June 3, 2021. (Xinhua/Zhai Jianlan) BEIJING, June 3 (Xinhua) — Chinese Premier Li Keqiang on Thursday urged efforts to create more opportunities for employment and business start-ups to meet this year’s job-creation target. In a written instruction to a teleconference held in Beijing, Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, noted that the country faces an arduous task in stabilizing and expanding employment. Li asked all regions and departments to strengthen the employment-first p...

Consumer finance firm of Ant Group approved for business

Abstract : China on Thursday approved the opening of a consumer finance company of Ant Group, a major financial services technology provider in the country. BEIJING, June 3 (Xinhua) — China on Thursday approved the opening of a consumer finance company of Ant Group, a major financial services technology provider in the country. As a licensed financial institution, the consumer finance company of Ant must strictly abide by relevant regulations, the China Banking and Insurance Regulatory Commission said. The company, approved in September last year, had completed the preparation work within the statutory period and met the opening requirements, the commission said. Under Ant Group’s rectification plan, the new company will take over the consumer credit businesses, in line with regulations of two micro-credit firms. The two micro-credit firms will exit the market within the one-year transitional period after the consumer finance company opens. The country’s financial regulators aske...

Feature: Chinese scientists help Sri Lanka cope with marine disasters, climate change

Abstract : On June 2, hundreds of security personnel in COVID-19 protective clothing were busy removing tons of chemical pollutants and plastic from a beach in Colombo. About 9.5 nautical miles into the sea, they could see the charred remains of a foreign vessel swaying in the gusty monsoon wind. COLOMBO, June 3 (Xinhua) — On June 2, hundreds of security personnel in COVID-19 protective clothing were busy removing tons of chemical pollutants and plastic from a beach in Colombo. About 9.5 nautical miles into the sea, they could see the charred remains of a foreign vessel swaying in the gusty monsoon wind. On May 20, the X Press Pearl container vessel loaded with chemicals exploded and caught fire off Colombo Port. Many of the containers and other polluting materials on board fell into the sea and were being washed ashore, posing a serious threat to the environment. On day two after the explosion, Chinese experts from the China- Sri Lanka Joint Center for Education and Research (...

China Focus: One year on, Hainan free trade port construction in full swing

Abstract : A total of 11 key industrial parks are being developed into a demonstration zone for the construction of the Hainan free trade port (FTP). A batch of core policies have been implemented and market entities have been gathering since the parks were unveiled one year ago. Aerial photo taken on May 4, 2021 shows the city view in Haikou, capital of south China’s Hainan Province. Haikou is a core city for the construction of free trade port in Hainan Province. (Xinhua/Zhang Liyun) HAIKOU, June 3 (Xinhua) — A total of 11 key industrial parks are being developed into a demonstration zone for the construction of the Hainan free trade port (FTP). A batch of core policies have been implemented and market entities have been gathering since the parks were unveiled one year ago. The key industrial parks have become the main focus of economic development for the Hainan FTP, said Feng Yan, an official with the Hainan Provincial Development and Reform Commission, at a press conferenc...

Pakistan to learn from China’s experience in addressing climate change: PM

Abstract : Pakistani Prime Minister Imran Khan said on Thursday that Pakistan has a lot to learn from China's experience in addressing climate change issues. ISLAMABAD, June 3 (Xinhua) — Pakistani Prime Minister Imran Khan said on Thursday that Pakistan has a lot to learn from China’s experience in addressing climate change issues. China has come a long way in its fight against climate change and environmental degradation, and Pakistan will benefit from China’s experience including the use of new techniques to counter climate change at home, the prime minister said while addressing a special event organized by Pakistan’s Ministry of Climate Change. Pakistan will take a leaf out of China’s book on the successful greening of degraded grasslands and deserts, he added. Pakistan is one of the most vulnerable countries facing the risks of climate change including the melting of glaciers, he said, adding that it is high time for Pakistan to seriously value its natural resources to...

Beijing to hand out millions in digital-currency envelopes

Abstract : Beijing will hand out 40 million yuan (about 6.27 million U.S. dollars) in digital currency to consumers in the city through a lottery system, the Beijing Local Financial Supervision and Administration Bureau announced. An exhibitor (R) applies to access payment with digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in Haikou, capital of south China’s Hainan Province, May 8, 2021. (Xinhua/Guo Cheng) BEIJING, June 2 (Xinhua) — Beijing will hand out 40 million yuan (about 6.27 million U.S. dollars) in digital currency to consumers in the city through a lottery system, the Beijing Local Financial Supervision and Administration Bureau announced. A total of 200,000 digital red envelopes, each containing 200 yuan of digital currency, will be given to lottery winners in the digital renminbi (RMB) pilot program, said the bureau. Individual consumers in Beijing can sign up for the lottery through the mobile applications of Bank of China and...

China’s Shanxi opens freight train service to France

Abstract : A new direct China-Europe freight train service was launched on Wednesday, linking north China's inland province of Shanxi with France. TAIYUAN, June 2 (Xinhua) — A new direct China-Europe freight train service was launched on Wednesday, linking north China’s inland province of Shanxi with France. A train loaded with 50 containers left a logistics park in central Shanxi province on Wednesday for the 11,000-km journey to the French capital, Paris. It will travel out of China’s border checkpoint of Erenhot in the Inner Mongolia Autonomous Region and pass through Mongolia, Russia, Belarus, Poland , and Germany for about 20 days. Wang Guoqing, the manager of Shanxi Jinou Logistics Co., Ltd., said that the train was loaded with goods, including fitness equipment and nearly 90,000 disposable sterile syringes. 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 ...

China’s Xiamen posts 1,000 China-Europe freight train trips

Abstract : Xiamen, a coastal city in east China's Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. The X8098 train leaves Haicang station in Xiamen of east China’s Fujian Province for Hamburg, Germany, bringing the number of train trips of China-Europe freight train service to 1,000 on June 2, 2021. (Xinhua/Lin Shanchuan) XIAMEN, June 2 (Xinhua) — Xiamen, a coastal city in east China’s Fujian Province, Wednesday saw the 1,000th China-Europe freight train trip since the city launched the service in 2015. With 50 carriages loaded with daily necessities, auto parts and other goods, the X8098 train left the Haicang station of Xiamen for Germany Wednesday morning, bringing the number of train trips of such service to 1,000. Launched in August 2015, Xiamen’s rail cargo service to Europe and Central Asia has so far transported nearly 80,000 TEUs of goods worth more than 3 billion U.S. dollars, which...

China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. The move brought China’s total QDII quota to 147.32 billion U.S. dollars. Under the QDII program, the country’s cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official. T...

Tesla recalls hundreds of imported Model 3 vehicles in China over bolt defect

Abstract : U.S. electric car maker Tesla has launched a recall of hundreds of vehicles in China due to safety risks posed by defective bolts, China's top quality watchdog said on Thursday. BEIJING, June 3 (Xinhua) — U.S. electric car maker Tesla has launched a recall of hundreds of vehicles in China due to safety risks posed by defective bolts, China’s top quality watchdog said on Thursday. The recall involves 311 imported Model 3 vehicles manufactured between Jan. 12 and Nov. 20, 2019, as well as 423 imported Model 3 vehicles produced between Feb. 2 and Nov. 20, 2019, according to a statement from the State Administration for Market Regulation. The automaker has promised to conduct tests on the recalled vehicles free of charge and replace defective parts, while advising users to drive carefully before their cars are fixed. 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 ...

Xinhua Commentary: HarmonyOS offers new choice in digital world

Abstract : Huawei officially unveiled its own operating system, HarmonyOS, for smartphones on Wednesday, offering a brand new choice for global customers in a digital world. BEIJING, June 2 (Xinhua) — Huawei officially unveiled its own operating system, HarmonyOS, for smartphones on Wednesday, offering a brand new choice for global customers in a digital world. The Chinese name of the system, Hongmeng, is borrowed from the country’s mythology, meaning breaking free from chaos and starting something new from scratch. That is exactly the meaning Huawei intends to give to its new product. The launch of HarmonyOS marks a breakthrough in Huawei’s drive in ecosystem development by itself in the face of Washington’s aggressive and unfounded sanctions. It also marks a significant step in China’s independent tech innovation amid potential risk of a technological de-coupling between the two countries pushed by Washington. In addition to developing a new operating system, Huawei is...

China, U.S. agree on joint efforts to solve specific problems in economy, trade: MOC

Abstract : China and the United States have started normal communications in the fields of economy and trade, agreeing on joint efforts to solve some specific problems in a practical way, the Ministry of Commerce (MOC) said Thursday. BEIJING, June 3 (Xinhua) — China and the United States have started normal communications in the fields of economy and trade , agreeing on joint efforts to solve some specific problems in a practical way, the Ministry of Commerce (MOC) said Thursday. Commenting on the recent video talks between Chinese and U.S. officials, MOC spokesperson Gao Feng said communications between the two sides had a “smooth start.” Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue, held video conversations with U.S. Trade Representative Katherine Tai on May 27 and with U.S. Treasury Secretary Janet Yellen on June 2. Endite...

Forum held to deepen China-ASEAN media cooperation

Abstract : Media workers, officials and researchers from China and the Association of Southeast Asian Nations (ASEAN) have called for greater efforts on the media front to promote cooperation between the two sides. BEIJING, June 2 (Xinhua) — Media workers, officials and researchers from China and the Association of Southeast Asian Nations (ASEAN) have called for greater efforts on the media front to promote cooperation between the two sides. The call was made at the 2021 ASEAN-China Media Cooperation Forum, which was held both online and offline on Wednesday and was sponsored by the China International Publishing Group (CIPG) and the ASEAN-China Centre. Noting that media exchanges and cooperation between the two sides have great potential, Du Zhanyuan, president of the CIPG, expressed the hope that such cooperation could be further deepened and expanded to contribute more to the development of bilateral relations and the building of a China-ASEAN community with a shared...

Huawei launches HarmonyOS 2 for smartphones

Abstract : Chinese telecom giant Huawei on Wednesday officially launched its operating system HarmonyOS 2 for smartphones, providing customers worldwide with a competitive alternative that works on a diverse range of devices. Screenshot taken on June 2, 2021 shows the online launch ceremony of Huawei’s operating system HarmonyOS 2 for smartphones in Shenzhen, south China’s Guangdong Province. (Xinhua/Li Sijia) — Chinese telecom giant Huawei on Wednesday officially launched its operating system HarmonyOS 2 for smartphones. — As a next-generation operating system for smart devices, HarmonyOS provides a common language for different kinds of devices to connect and collaborate, providing users with a more convenient, smooth, and secure experience. — Huawei expects the number of devices equipped with HarmonyOS to reach 300 million by the end of 2021. SHENZHEN, June 2 (Xinhua) — Chinese telecom giant Huawei on Wednesday officially launched its operating system HarmonyOS 2 for...

China Focus: Beijing accelerates development of service trade, FTZ

Abstract : Beijing municipal authorities are accelerating the development of the city's "two zones," introducing a slew of business-friendly policies and continuing the city's opening up to the outside world. Photo taken on Sept. 9, 2020 shows the slogan “Global Services” printed on the flag near the main venue of the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, capital of China. (Xinhua/Chen Zhonghao) BEIJING, June 2 (Xinhua) — Beijing municipal authorities are accelerating the development of the city’s “two zones,” introducing a slew of business-friendly policies and continuing the city’s opening up to the outside world. The “two zones” refer to the pilot free trade zone and the national comprehensive demonstration zone for expanding opening-up in the service sector. In 2015, Beijing became the only pilot city in the country to open the service industry wider, and in 2020, the central government offered support for Beijing to ...

China’s Jinan sees 1,000 freight train trips to Europe, Central Asia

Abstract : Jinan, capital of east China's Shandong Province, saw the 1,000th freight train depart for Europe and Central Asia on Wednesday amid further expansions of the cargo train service, local authorities said. JINAN, June 2 (Xinhua) — Jinan, capital of east China’s Shandong Province, saw the 1,000th freight train depart for Europe and Central Asia on Wednesday amid further expansions of the cargo train service, local authorities said. The train, carrying goods worth approximately 3.35 million U.S. dollars, is expected to cross China’s border through the northwestern land port of Horgos and reach Kazakstan in 12 days, according to the local railway operator. In the first four months of this year, a total of 186 freight trains departed from Jinan to Europe and Central Asia, up 32.9 percent from the same period last year. The figure was 542 in 2020, up more than 240 percent from the previous year. Currently, the trains departing from Jinan link 46 cities located i...