Business & Commerce
The Group of Seven (G7) countries are determined to rein in the spiraling inflation, German Finance Minister Christian Lindner said on Friday.Speaking at a press conference after the G7 finance ministers and central governors meeting held in Germany's Petersberg, Lindner called on central banks ...
World
The United Nations Interim Force in Lebanon (UNIFIL) on Thursday called on Lebanon and Israel to use the tripartite meetings to find win-win solutions to the contentious issues along their border.A tripartite meeting was held on Thursday in Ras Al Naqoura, Lebanon, which was attended by the UNIFIL a...
BRICS New Development Bank (NDB) has issued an RMB-denominated bond of 7 billion yuan (about 1.04 billion U.S. dollars) in China's interbank bond market with a maturity of three years, the bank said Thursday.Upon the completion of the issuance, the bank would have a cumulative total of 30 billio...
China's commerce ministry said Thursday that it would continue stabilizing foreign investment and provide a better business environment and services to foreign companies."Influenced by multiple factors, China faces many challenges in utilizing foreign capital," Shu Jueting, spokesperso...
World,Back Page
Palestine on Saturday warned of the consequences of allowing Israeli settlers to visit the compound of the Al-Aqsa Mosque in the old city of Jerusalem during the "Second Jewish Passover" on Sunday."These plans are an Israeli persistence to perpetuate visiting the Al-Aqsa as something ...
The International Monetary Fund announced Saturday an increase in the weighting of the Chinese renminbi and U.S. dollar in the Special Drawing Rights (SDR) currency basket after completing a quinquennial review.It marks the first SDR review since the renminbi formally became the fifth currency in th...
Companies listed on China's Nasdaq-style sci-tech innovation board, known as the STAR Market, reported staggering profit growth for 2021 and the first quarter of the year.Despite multiple challenges, the companies saw their combined net profits soar 75.89 percent year on year in 2021, and surge ...
World,Front Page
Sri Lankan president Gotabaya Rajapaksa on Saturday appointed four ministers to the new cabinet after United National Party leader Ranil Wickremesinghe was sworn in as the South Asian country's prime minister on Thursday. The new appointments are Dinesh Gunawardena as the minister of public...
Durians have entered their best season, and orders for the "stinky" fruit in China began to soar in late April, driving its imports from Southeast Asia, its main producing area.The Regional Comprehensive Economic Partnership (RCEP) agreement, the world's largest free trade deal to date...
Shu Qiuhong runs a store selling "hanfu" -- the traditional clothing of the Han ethnic group -- in Jinan, the capital city of east China's Shandong Province.Shu, a native of southwest China's Guizhou Province, has a profound affection for traditional Chinese garments dating back to...
Despite multiple challenges, China is working all out to tap its consumption potential, as part of efforts to keep economic fundamentals stable and improve people's lives.Consumption is a primary engine for economic growth in China. In the first quarter, final consumption contributed 69.4 percen...
Most of the capital goods monitored by the Chinese government registered lower prices in late April than they did in mid-April, official data showed Friday.Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 20 reported ri...
The United Nations launched its Energy Plan of Action on Wednesday to gain clean, affordable energy for all by 2030, a UN spokesman said.The plan sets out steps for collective action by 30 entities of the world body and international organizations to achieve the massive pledge they made at the High-...
Japanese automaker Toyota will recall imported cars from the Chinese market starting from May 11 over safety concerns, according to the country's top quality watchdog. Filed by Toyota Motor (China) Investment Co., Ltd., the recall involves 6,832 imported Lexus NX 260, NX 350h and NX 400h+ models...
China's cross-border e-commerce has gained momentum amid the COVID-19 epidemic, providing broader market opportunities and driving domestic consumption growth.The market size of cross-border e-commerce in China topped 14.6 trillion yuan (about 2.25 trillion U.S. dollars) in 2021, putting the com...
Eyeing China's increasingly booming new sectors, representatives from multinational companies shed light on their new investment projects and businesses in the country at the Boao Forum for Asia Annual Conference 2022, which concluded in south China's Hainan Province Friday.Qian Kun, senior ...
China-U.S. economic and trade relations are win-win in nature, and to restore normal trade ties between the two countries as soon as possible is the shared aspiration of both sides, said Chinese Ambassador to the United States Qin Gang on Thursday. Qin made the comment at the 2022 China-U....
Oil prices fell on Friday, pressured by multiple headwinds. The West Texas Intermediate for June delivery lost 1.72 U.S. dollars, or 1.7 percent, to settle at 102.07 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery decreased 1.68 dollars, or 1.6 percent,...
China has the foundation and conditions to adapt to policy adjustments by the U.S. Federal Reserve, as the country's foreign exchange market has been increasingly resilient in recent years, an official said Friday.The Fed's interest rate hike is indeed an important external variable for an e...
China has been widely acknowledged as one of the safest countries in the world, said a senior official on Friday at a press conference, citing the results of a national survey.Over the last decade, the country has been dedicated to reforming the political and legal sectors toward the goal of allowin...
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