BEIJING, July 23(ABC): China’s centrally administered state-owned enterprises (SOEs) have seen steady growth in revenue and profit in the first half of 2022 despite downward pressure, the country’s top state-owned assets regulator said. The country’s central SOEs raked in 19.2 trillion yuan (about 2.84 trillion U.S. dollars) in combined revenue in the first six months, a 12-percent expansion from a …

BEIJING, July 21 (ABC): Chinese President Xi Jinping sent a congratulatory letter to the World Youth Development Forum, which commenced Thursday in Beijing. The youth represent hope and are the architects of the future, Xi said in the letter, noting that China always regards young people as the driving force of social development, and encourages them to unleash their youthful …

SHENYANG, July 21(ABC): Senior Communist Party of China (CPC) official You Quan has urged efforts to prevent and defuse risks in the united front work and contribute to stable economic, social, and political environments. You, a member of the Secretariat of the CPC Central Committee and head of the United Front Work Department of the CPC Central Committee, made the …

BEIJING, July 21(ABC): The Chinese currency renminbi (RMB), or the yuan, has retained its position as the fifth most active currency for global payments by value in June 2022, with a share of 2.17 percent, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The value of RMB payments increased by 6.61 percent compared to May 2022, while in general, …

BEIJING, July 21(ABC): The overall operations of China’s small and medium-sized banks are stable and their risks are generally controllable, an official said Thursday. The country’s small and medium-sized banks handled non-performing loans worth 594.5 billion yuan (about 87.8 billion U.S. dollars) in the first half of this year, up 118.4 billion yuan over the same period last year, Qi …

BEIJING, July 21 (ABC): At the invitation of Chinese President Xi Jinping, President Joko Widodo of the Republic of Indonesia will visit China from July 25 to 26, Chinese Foreign Ministry spokesperson Hua Chunying announced Thursday. In response to a question on the visit, Foreign Ministry spokesperson Wang Wenbin told a press briefing Thursday that Widodo is the first foreign …

BEIJING, July 21 (ABC): China has fined ride-hailing giant Didi 8 billion yuan ($1.2 billion), regulators announced Thursday, concluding a year-long investigation into alleged data security violations. The probe found “conclusive evidence” that Didi had committed violations of an “egregious nature”, the Cyberspace Administration of China (CAC) said in a statement. It accused Didi of illegally storing the ID information …

HONG KONG, July 20(ABC): The traditional Chinese versions of three books of President Xi Jinping’s discourses on various subjects and one book on stories in the Party history shared by Xi debuted Wednesday at the Hong Kong Book Fair. Among the books, one comprises 50 pieces of Xi’s important works on the subject of running the country by the people; …

BEIJING, July 20(ABC): Chinese State Councilor and Foreign Minister Wang Yi and his Sierra Leone’s counterpart, David John Francis, talked about bilateral ties in a phone conversation on Tuesday. In their talks, Francis, on behalf of his country, thanked the Chinese government and people for their valuable assistance to Sierra Leone’s economic and social development over the years, and since …

BEIJING, July 20(ABC): China’s hog supply in the second half (H2) of this year is guaranteed and hog prices will not grow continuously and substantially, an agricultural official said on Wednesday. “Overall, this round of hog price hikes were mainly caused by recovery-related and seasonal reasons,” Chen Guanghua, an official with the Ministry of Agriculture and Rural Affairs, said at …