latest

Commentary: China’s economy firms against twin shocks of floods, epidemic

Beijing: Chinese President Xi Jinping inspected east China’s Anhui Province Tuesday. Xi’s tour came at a time when the country is forging ahead with its economic resumption amid dual challenges of flood relief and regular epidemic control. While uncertainties remain regarding the outlook of the global economic recovery, China’s resilient economic performance has outshone the […]

Read More

Track-laying of Beijing-Xiong’an intercity railway completed

Beijing: The track-laying of the Beijing-Xiong’an intercity railway, a key project for the coordinated development of the Beijing-Tianjin-Hebei region, was completed on Monday. The last steel track of 500 meters long was laid at 10:30 a.m. on Monday in the Xiong’an New Area, north China’s Hebei Province, marking the completion of the track-laying work for […]

Read More

Italy: Venice activists celebrate as cruise ships steer clear of canal city

Venice: Venice activists are celebrating the decision by two major cruise operators to drop the lagoon city from their itineraries, for the rest of the year at least. MSC Cruises and Costa Crociere both announced in recent days that their Mediterranean cruises will now depart from Genoa and Trieste instead of Venice. MSC resumed sailing […]

Read More

Chinese industrial economy’s fundamentals remain sound despite COVID-19

Beijing: The sound fundamentals backing China’s industrial economy has remained intact despite the impact of COVID-19, but efforts must be made to combat challenges and make up for the losses, a senior industrial official has said. “China’s industrial performance has improved month by month amid effective epidemic control and policy support,” Xin Guobin, vice minister […]

Read More

Xinjiang builds China’s largest province-level power network

China Economic Net Beijing: Northwest China’s Xinjiang Uygur Autonomous Region has built the country’s largest province-level power network, according to the State Grid’s Xinjiang branch. Some 71.7 billion yuan (about 10.33 billion U.S. dollars) has been invested in the region’s power grid development during the 2016-2020 period, the company said. Xinjiang has so far built […]

Read More

Xi’s vision of eco-protection guides China’s green development

Hangzhou: Every day, thousands of tourists board a train in a small village in east China’s Zhejiang Province for a sight-seeing trip that takes them to various household-run plantations. While offering visitors an exhilarating scenery, Lujia Village invariably impresses them with its achievements in eco-protection. Garbage sorting is extensively practiced in the village, which also […]

Read More

China’s financial industry steady

Beijing: China’s financial industry has been steadily operating with generally controllable risks, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC) told Xinhua in an interview. “Stock, bond and foreign exchange markets in the country have shown strong resilience and anti-risk capability since the outbreak of the epidemic,” Guo said, adding that […]

Read More

Italy: 3,000 people volunteer for covid-19 vaccine trials in Rome

Rome: More than 3,000 people have volunteered to take part in human trials for an Italian-developed coronavirus vaccine, reports news agency ANSA. This was announced by Francesco Vaia, the health director of Rome’s Lazzaro Spallanzani hospital, a specialist centre for infectious diseases which has played a central role in battling Italy’s covid-19 crisis. The Rome […]

Read More

Pakistan’s camel milk to be very popular in Chinese market: Prof Cheng

China Economic Net Beijing: The Chinese and Pakistani enterprises may conduct on the spot studies and cooperate in camel milk production and sales as it will be very popular in the Chinese market, Cheng Xizhong, visiting professor at Southwest University of Political Science said on Wednesday. The camel milk has long been produced in Pakistan, […]

Read More

Xi signs order awarding 4 persons for outstanding contribution in COVID-19 fight

Beijing: Chinese President Xi Jinping on Tuesday signed a presidential order awarding four persons the national medal and honorary title for their outstanding contribution to fighting the COVID-19 epidemic. Xi’s presidential order came after the Standing Committee of the 13th National People’s Congress voted at the 21st session to adopt a decision to confer the […]

Read More

China to resolutely deepen opening-up of financial sector: central bank governor

Beijing: China will resolutely push forward the opening-up of the country’s financial industry regardless of how the international situation changes, the central bank governor told Xinhua in a recent interview. China will continue implementing the phase-one economic and trade agreement with the United States, while measures announced to open up China’s financial sector will continue, […]

Read More

Chinese economy’s V-shaped recovery becomes more prominent

Beijing: China’s economy, as shown by multiple mid-year indicators, has ridden out its downturn due to COVID-19 strains and bounced back to growth in the second quarter (Q2). Economists believe that the country’s V-shaped recovery is only getting started. In Q2, China’s gross domestic product expanded by 3.2 percent year on year, reversing a 6.8-percent […]

Read More

Xi stresses combination of top-level design, public advice in compiling 14th Five-Year Plan

China Economic Net Beijing: President Xi Jinping has underlined the need to combine top-level design and public opinions in compiling the 14th Five-Year Plan. Formulating and implementing the five-year plans for economic and social development are important ways for the Communist Party of China (CPC) to govern the country, said Xi, who is also general […]

Read More

Covid-19: Italy an inspiration to other countries, says WHO

Rome: Tedros Adhanom Ghebreyesus, director-general of the World Health Organization (WHO), has said that other countries are learning from Italy’s efforts in tackling the coronavirus. “Grazie mille @robersperanza, #Italy Health Minister, for a very good call and for your strong support to @WHO,” Tedros commented as he retweeted a post by Italian health minister Roberto […]

Read More

China unveils plan for development of property-insurance sector

China Economic Net Beijing: China’s top insurance regulator on Wednesday unveiled a three-year action plan to promote the high-quality development of the property-insurance industry. By 2022, China aims to forge a complete market system for the property-insurance sector, with the further enhancement of its service capabilities and financial strength, according to the document issued by […]

Read More

China to provide 38 more agricultural drones to Pakistan to fight desert locust

China Economic Net Beijing: The Chinese government will provide around 38 more agricultural drones to Pakistan in a few months to fight desert locust. The Chinese Ministry of Agriculture and Rural Affairs had donated the drones for prevention of desert locust to the Ministry of National Food Security and Research of Pakistan last month. According […]

Read More

Italy: Avoid beach parties due to covid-19 risk says Lazio Region

Time: Lazio regional health authorities have linked nightlife with covid-19 clusters at Sabaudia and Fregene, popular beach resorts near Rome. Establishments at both beaches have been shut down in recent days, with staff placed under quarantine, following a cluster of coronavirus cases. Lazio health authorities say the clusters are “linked to nightlife and decreased attention” […]

Read More

China to become “export destination country number one” for Germany: IW

China Economic Net Beijing: China was on its way to become “export destination country number one” for the German economy as the COVID-19 crisis was hitting global trade, according to a study published by the German Economic Institute (IW). While the situation in many of Germany’s export markets continued to deteriorate, “the Chinese economy is […]

Read More

Shanghai to upgrade virus alert system

China Economic Net Shanghai: A digital alert network to spot major, emerging infectious diseases will be established in Shanghai to better support monitoring and analysis of possible epidemics, virus tracing and epidemic control. The network with big data, artificial intelligence and cloud computing technologies will become an infrastructure project in the municipality’s public health system […]

Read More

China to improve welfare for retired military personnel

Beijing: China will increase pensions and subsidies for disabled military personnel, family members of martyrs and Red Army veterans, according to a statement jointly issued by the Ministry of Veterans Affairs and the Ministry of Finance. Pension allowances for disabled military personnel, police officers, civil servants and militia members, as well as family members of […]

Read More