BEIJING, July 31(ABC): China recorded a decline in passenger transport in urban areas in the first half of this year (H1), official data showed. In the January-June period, the number of passenger trips in 36 major cities stood at 20.7 billion, down 22.1 percent year on year, according to the Ministry of Transport. The northern city of Shijiazhuang reversed the …

DALIAN, July 31(ABC): A new mail shipping route has been launched between Shenyang, capital of northeast China’s Liaoning Province, and Sydney in Australia, to meet the demand for international mail and cross-border e-commerce. On Thursday, a consignment of parcels left Shenyang for Liaoning’s port city of Dalian, from where it will be shipped to Sydney via sea, marking the launch …

BEIJING, July 31(ABC): China’s major dairy producers registered output growth in the first half of this year, official data showed. In the January-June period, major dairy producers saw their output rise 1 percent year on year to nearly 15.11 million tonnes, according to data from the Ministry of Industry and Information Technology. In June alone, dairy production stood at 2.75 …

BEIJING, July 31(ABC): China’s local governments have issued over 4.02 trillion yuan (about 596.11 billion U.S. dollars) worth of bonds in the first half of this year, data from the Ministry of Finance showed. Of the total, the issuance of general bonds stood at 614.8 billion yuan, while the special bond issuance came in at nearly 3.41 trillion yuan in …

BEIJING, July 31(ABC): China will make great efforts to consolidate its economic recovery, particularly in the crucial third quarter, putting a priority on stabilising employment and prices, state media reported after a regular cabinet meeting. The world’s second-biggest economy narrowly missed a contraction in the second quarter, growing just 0.4% year-on-year, weighed down by Covid-19 lockdowns, a weak property sector …

BEIJING, Jul 30(ABC):China has allowed 23,000 enterprises to defer a total of 7.11 billion yuan (about 1.05 billion U.S. dollars) of housing provident fund contributions as of July 20, an official said on Friday. A supportive policy allowing the deferral of housing provident fund payments was rolled out in May and has helped enterprises and individuals tide over difficulties amid …

CHANGSHA, Jul 29(ABC): A total of 14 trade and economic cooperation projects and agreements worth nearly 170 million U.S. dollars were inked between China and various African countries on Thursday in central China’s Hunan Province. The deals, covering areas such as regional cooperation, strategic agreement, project financing, investment cooperation and trade procurement, were signed at the Promotion Conference for China …

BEIJING, Jul 29(ABC): The China-Switzerland Stock Connect program was officially launched on Thursday, China’s top securities regulator has said. Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), and Daniela Stoffel, state secretary of the Swiss Federal Department of Finance, jointly announced the official launch of the program and delivered speeches. The China-Switzerland Stock Connect has opened a …

PHNOM PENH, July 29 (ABC): The China Development Bank, one of the country’s policy banks, has issued 12 billion yuan (about 1.78 billion U.S. dollars) of green bonds for the protection and restoration of the ecological system in the Yangtze River basin. The raised funds will be used to support green projects such as water pollution treatment, agricultural and rural …

TASHKENT, July 29(ABC): Chinese State Councilor and Foreign Minister Wang Yi met here on Thursday with Russian Foreign Minister Sergei Lavrov on the sidelines of the meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO). Wang said that faced with the current severe and complex international situation, China and Russia, as two major countries and permanent …