KUNMING, June 19 (ABC): Southwest China’s Yunnan Province has launched a month-long shopping festival starting Saturday to stimulate consumption and promote economic recovery. Governments and financial institutions in Yunnan will issue more than 8 million coupons of various types during the coming month. Li Chenyang, director of Yunnan provincial department of commerce, said the vitality of the trade sector is …

BEIJING, June 17 (ABC): China’s national observatory on Friday renewed a yellow alert for high temperatures, as heatwaves hit parts of the country. During daylight hours on Friday, parts of Hebei, Shanxi, Henan, Shandong, Anhui, Jiangsu, Hubei, Shaanxi, Inner Mongolia, Ningxia, and Xinjiang are expected to see temperatures of 37 to 40 degrees Celsius, the National Meteorological Center said. Temperatures …

BEIJING, June 19 (ABC): China’s raw coal output sustained steady growth in May as policy measures to ensure energy supply and stabilize prices have taken effect, official data showed. The output rose 10.3 percent year on year to 370 million tonnes last month, according to the National Bureau of Statistics. The growth rate was 0.4 percentage points lower than that …

BEIJING, June 19 (ABC): All metro stations in Beijing that were closed due to epidemic prevention and control resumed operation on Sunday, according to the municipal transport commission. The bus services that were earlier halted in Fengtai District have also resumed operation, according to Beijing Public Transport Group. More bus services will resume operation as the epidemic wanes. Beijing has …

HONG KONG, June 19 (ABC): Despite challenges brought about by the COVID-19 pandemic and external uncertainties, Hong Kong remains a leading financial center in the world, with fresh opportunities ahead to lift its global status. Hong Kong secured a third place in the latest Global Financial Centers Index, remaining among the top in areas including business environment, human capital, infrastructure …

BEIJING, June 19 (ABC): Assets of China’s financial institutions rose 8.7 percent year on year to 396.39 trillion yuan (about 59.23 trillion U.S. dollars) by the end of the first quarter of this year, central bank data showed. Specifically, the combined assets of the country’s banking sector grew 8.6 percent year on year to 357.9 trillion yuan while that of …

SHANGHAI, June 17 (ABC): China on Friday launched its third aircraft carrier, the first designed and built entirely in the country, marking a major military advance for the Asian superpower. The announcement comes as tensions between China and the United States have ramped up significantly in recent weeks over Beijing’s sabre-rattling towards self-ruled Taiwan, which it views as a breakaway …

BEIJING, June 17(ABC): President Xi Jinping on Wednesday assured Vladimir Putin of China s support on Russian “sovereignty and security” — leading Washington to warn Beijing it risked ending up “on the wrong side of history”. China has refused to condemn Moscow s massive military assault on Ukraine and has been accused of providing diplomatic cover for Russia by blasting Western …

BEIJING, June 18 (ABC): China’s automobile exports surged 73 percent month on month in May, hitting a record high for 2022, industry data showed. Last month, the country exported about 245,000 automobiles, soaring 62.3 percent from the same period of 2021, said the China Association of Automobile Manufacturers. In breakdown, approximately 196,000 passenger cars were sold overseas in the period, …

BEIJING, June 18 (ABC): Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, urged coordinated improvement to guarantee that officials do not have the audacity, opportunity, or desire to engage in corruption. Xi demanded a full victory in the anti-corruption campaign on Friday while addressing a group study session of the Political Bureau of the CPC …