SHANGHAI, Jun 30 (ABC): China’s financial hub Shanghai is gradually resuming dine-in services at restaurants starting from Wednesday as the COVID-19 epidemic has waned in the city. Dine-in services can be restored in the sub districts and townships without medium-risk areas and community spread of COVID-19 infections during the previous week, according to a guideline released by the Shanghai Municipal …

BEIJING, June 30(ABC): China’s factory and services activity picked up in June, official data showed Thursday, fuelled by the easing of Covid-19 restrictions in major cities such as Shanghai and Beijing. The non-manufacturing Purchasing Managers’ Index (PMI), a key gauge of activity in the world’s second-biggest economy, defied expectations and surged to 54.7 points in June after three months of …

BEIJING, June 29(ABC): An uncrewed Chinese spacecraft has acquired imagery data covering all of Mars, including visuals of its south pole, after circling the planet more than 1,300 times since early last year, state media reported on Wednesday. China’s Tianwen-1 successfully reached the Red Planet in February 2021 on the country’s inaugural mission there. A robotic rover has since been …

WUHAN, June 29 (ABC): President Xi Jinping has stressed keeping the lifeline of science and technology firmly in China’s own hands and making the country’s development more independent, self-reliant and secure. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks during his inspection in Wuhan, capital city …

BEIJING, June 29 (ABC): China’s economy has grown by leaps and bounds over the past decade as the country has shifted its focus to high-quality development by enhancing its innovation efforts and macroeconomic policies. China accounted for over 18 percent of the global economy in 2021, rising from 11.3 percent in 2012, as its GDP topped 114.4 trillion yuan (17.1 …

BEIJING, June 29 (ABC): Chinese Premier Li Keqiang has called for stronger efforts to accelerate economic recovery to shore up market entities, ensure employment stability and safeguard people’s livelihoods. Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour to two state organs …

BEIJING, June 29 (ABC): China will cut the retail prices of gasoline and diesel starting Wednesday, the country’s top economic planner said Tuesday. The prices of gasoline and diesel will go down by 320 yuan (about 47.81 U.S. dollars) per tonne and 310 yuan per tonne, respectively, according to the National Development and Reform Commission. The move marks the 2nd …

BEIJING, June 29 (ABC): China’s state-owned enterprises (SOEs) reported increased revenue but decreased profits in the first five months of this year, due to a high comparison base last year and the impacts of the pandemic, official data showed Tuesday. The combined profits of SOEs declined 6.5 percent year on year to 1.63 trillion yuan (about 243.5 billion U.S. dollars) …

BEIJING, June 29 (ABC): China’s civil aviation transport has recorded a notable rebound since June amid the country’s improvements in pandemic control and a slew of measures to support the industry. From June 24 to 26, the number of flights exceeded 10,000 daily for three consecutive days, rebounding to about 60 percent of figures before the pandemic, said the Civil …

SHANGHAI, June 29 (ABC):Crude oil futures closed lower Wednesday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for August 2022 delivery was down 12.8 yuan (about 1.91 U.S. dollars) to close at 675.1 yuan a barrel. The total trading volume for nine listed crude oil futures contracts on the exchange was 355,647 lots, …