BEIJING, July 1(ABC): The United States should immediately correct its mistakes and stop sanctioning and suppressing Chinese enterprises, China’s commerce ministry said Thursday. Shu Jueting, a spokesperson for the Ministry of Commerce, made the comments in response to recent U.S. moves to impose sanctions on relevant Chinese companies on excuses related to Russia, Iran, and military links at a press …

BEIJING, July 1(ABC): China on Thursday expressed serious concern and firm opposition to the North Atlantic Treaty Organization (NATO)’s newly published strategic concept document, saying it is full of Cold War mentality and ideological bias and sticks to the wrong positioning of a systemic challenge to China. Foreign Ministry spokesperson Zhao Lijian made the remarks at a daily news briefing …

BEIJING, July 1 (ABC): Trade between the Hong Kong Special Administrative Region (HKSAR) and the Chinese mainland has surged more than sixfold since the region’s return to the motherland 25 years ago, official data showed. From 1997 to 2021, the value of trade between the SAR and the mainland increased 6.1 times from 50.77 billion U.S. dollars to 360.33 billion …

BEIJING, July 1 (ABC): China’s central bank Friday conducted 10 billion yuan (1.5 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People’s Bank of China. The move aims to keep stable liquidity in the banking system, the central bank …

BEIJING, July 1 (ABC): The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.7 in June, up from 47.8 in May, the National Bureau of Statistics (NBS) said Thursday. A reading above 50 indicates expansion, while a reading below it reflects contraction. As the epidemic prevention and control situation in China continues to improve, and policies and …

WEB DESK, June 30(ABC): After sending robots to the Moon, landing them on Mars and building its own space station, China is now eyeing distant solar systems. This month, scientists will release detailed plans for the country’s first mission to discover exoplanets. The mission will aim to survey planets outside the Solar System in other parts of the Milky Way, …

WUHAN, June 30 (ABC): President Xi Jinping has stressed building up China’s strength in the science and technology sector, sticking to the dynamic zero-COVID policy and improving community management. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during his inspection in Wuhan, capital city of …

BEIJING, June 30 (ABC): China’s factory activities returned to expansion territory in June after three consecutive months of contraction, showed official data released Thursday, indicating that the world’s second-largest economy is on a clear path to recovery. The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 50.2 in June, up from 49.6 in May, data from the …

MANILA, June 30 (ABC): Chinese Vice President Wang Qishan and Philippine President Rodrigo Duterte agreed here on Wednesday to further promote bilateral relations and advance cooperation between their two countries in various fields. At a meeting with the outgoing Philippine president, Wang said under the guidance of the two countries’ leaders, the relations between China and the Philippines have achieved …

CHANGCHUN, June 30 (ABC): Audi FAW new-energy vehicle (NEV) project broke ground on Tuesday in Changchun, capital of northeast China’s Jilin Province. The joint venture project, with an investment of over 30 billion yuan (about 4.5 billion U.S. dollars), is designed to have an annual production capacity of 150,000 vehicles. The facility, Audi’s first production base specifically for purely electric …