BEIJING, July 7 (ABC): Michel Tran Van, chief operating officer (COO) of Airbus China, has expressed optimism about the world’s leading aircraft manufacturer’s great prospects for the Chinese market, despite major epidemic challenges facing the whole aviation industry worldwide. “We will stay in China. This is a single-country market that is growing the fastest in the long-term,” Tran Van said. …

WASHINGTON, July 7 (ABC): A federal tax economist has urged U.S. President Joe Biden to lift additional tariffs on Chinese imports, according to an opinion piece posted recently by Bloomberg. The president should lift additional tariffs on Chinese imports “to end the trade war once and for all,” said Alex Durante, economist at the Tax Foundation, a think tank in …

BEIJING, July 7 (ABC): The growth momentum of China’s passenger vehicle market is accelerating with rising retail and wholesale sales, industrial data showed on Wednesday. Some 1.92 million passenger cars were sold via retail channels in June, up 22 percent year on year and up 42 percent over May, initial statistics from the China Passenger Car Association showed. Wholesales of …

BEIJING, July 7 (ABC): The China retail prosperity index, a barometer of retailers’ expectations for the sector, rebounded to the expansion zone in July, according to the China General Chamber of Commerce (CGCC) on Thursday. The index rose by 0.5 percentage points from the previous month to 50.2 percent in July, data from the CGCC showed. A reading above 50 …

CHANGSHA, July 15 (ABC): Central China’s Hunan Province recorded robust foreign trade growth in the first half of 2022, said local customs. The province’s total import and export value hit 325.5 billion yuan (about 48.2 billion U.S. dollars) from January to June, up 25.2 percent year on year. Exports rose 37 percent to 238.6 billion yuan, while imports increased 1.3 …

BEIJING, July 15 (ABC): China’s power generation rose 0.7 percent year on year to reach 3.96 trillion kilowatt-hours in the first six months of this year, data from the National Bureau of Statistics (NBS) showed. In June alone, power generation increased by 1.5 percent year on year to reach 709 billion kilowatt-hours, reversing the 3.3-percent decline in May. Specifically, thermal …

CHANGCHUN, July 15 (ABC): The 19th China (Changchun) International Automobile Expo kicked off Friday in Changchun, the capital of northeast China’s Jilin Province. Covering an area of 200,000 square meters, the expo has nine indoor exhibition halls and four outdoor exhibition areas. So far, a total of 155 domestic and overseas automobile brands and 128 enterprises have registered for the …

BEIJING, Jul 6 (ABC): China is ready to further strengthen economic, trade and investment cooperation with Pakistan to achieve mutually beneficial results and common development, Chinese Foreign Ministry Spokesperson Zhao Lijian said. We are ready to continuously strengthen economic trade and investment cooperation with Pakistani side and to achieve mutually beneficial results and common development, he said during his regular …

URUMQI, July 15 (ABC): Xi Jinping, general secretary of the Communist Party of China Central Committee, visited Turpan City on Thursday afternoon during an inspection tour in northwest China’s Xinjiang Uygur Autonomous Region. Xi visited Grape Valley, a local village, and Jiaohe Ruins to learn about the city’s efforts to develop distinctive industries, boost rural revitalization, and preserve and use …

KABUL, July 5(ABC): China’s ambassador touted trade and investment plans for Afghanistan on Tuesday, a public endorsement for doing business in the Taliban-controlled country after an earthquake drew attention to the humanitarian consequences of Western sanctions. At a rare press conference alongside the Taliban administration’s acting minister for disaster management, Ambassador Wang Yu announced $8 million in aid for relief …