BEIJING, June 28 (ABC): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, was flat at 1.438 percent Tuesday. The seven-day rate dropped 1.2 basis points to 1.98 percent, the one-month rate edged up 0.1 basis points to 1.895 percent, and the one-year rate edged up 0.3 basis points to 2.363 percent. Shibor …

BEIJING, June 28 (ABC): Chinese President Xi Jinping has underscored the exemplary role of large-scale grain growers in encouraging more farmers to contribute to the country’s food security.

KABUL, June 28 (ABC): The first batch of earthquake relief supplies donated by the Chinese government arrived at Afghanistan’s Kabul International Airport on Monday night and was handed over to the Afghan side. Chinese Ambassador to Afghanistan Wang Yu and Ghulam Ghaws Naseri, acting minister of state for disaster management and humanitarian affairs of Afghanistan’s Taliban-led caretaker government, attended the …

SHANGHAI, June 28 (ABC): Shanghai Disneyland will reopen on Thursday and tickets will be available for purchase starting Wednesday, according to an official announcement. “We are excited to welcome you back to a place full of happiness and wonder,” said Joe Schott, president and general manager of Shanghai Disney Resort. The theme park will resume operation with controlled capacity and …

BEIJING, Jun 27 (ABC): Chinese researchers have developed an ultra-black coating with stable performance, according to the Harbin Institute of Technology. Ultra-black coating can absorb almost any light that falls on it and is widely used in precision optical instruments. The ultra-black coating developed by the research team from the Harbin Institute of Technology can absorb up to 99.8 percent …

BEIJING, June 27 (ABC): Beijing’s primary and middle school students returned to campus on Monday after over 50 days of remote education due to a local COVID-19 resurgence. Students in the first two years of junior high and senior high schools, or grades 7, 8, 10 and 11, as well as those in primary schools, resumed in-person classes. Education for …

BEIJING, June 27 (ABC): The Shuhe River in east China’s Shandong Province flooded on Monday as heavy rains hit the region, according to China’s Ministry of Water Resources. At 12:30 p.m., the water flow at the Chonggou hydrometric station climbed to 2,170 cubic meters per second, and peaked at 2,240 cubic meters per second at 1:55 p.m. The ministry and …

BEIJING, June 27 (ABC): The book ‘Xi Jinping and College Students’ translated into English and released by Pakistan’s Beyond Horizon Publication was launched in Beijing by the Central Committee of the Communist Youth League of China. The book features 25 interviews between Chinese President Xi Jinping and college students from 1983 to 2019. It records heart-to-heart conversations, and Xi’s down-to-earth …

BEIJING, June 27 (ABC): China’s yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS). The CFETS yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of currencies, edged up 0.12 points from the previous week to 102.03, according to the CFETS. The index compares the yuan …

BEIJING, June 27 (ABC): Profits of China’s major industrial firms rose 1 percent year on year in the first five months of the year, data from the National Bureau of Statistics showed Monday.