BEIJING, May 31 (ABC): As the fallout of COVID-19 continues to weigh on the world’s second-largest economy, China’s banking sector has ratcheted up support measures to boost the economy, channeling funds to where they are needed the most. In times of increasing downward pressure, financial institutions, as a supporting force for growth, are expected to step in and energize firms …

BEIJING, May 31 (ABC): The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 49.6 in May, up from 47.4 in April, data from the National Bureau of Statistics (NBS) showed Tuesday. A reading above 50 indicates expansion, while a reading below 50 reflects contraction. “China’s economy took a hit from the Omicron outbreak and changes in the …

TAIPEI, May 31(ABC): China has made the second largest incursion into Taiwan s air defence zone this year with Taipei reporting 30 jets entering the area, including more than 20 fighters. Taiwan s defence ministry said late Monday it had scrambled its own aircraft and deployed air defence missile systems to monitor the latest Chinese activity. In recent years, Beijing has …

SUVA, May 30 (ABC): Fijian President Ratu Wiliame Katonivere said here on Monday that his country has been proud of the strong relations with China and will continue to firmly adhere to the one-China policy. While meeting with visiting Chinese State Councilor and Foreign Minister Wang Yi, the Fijian president expressed gratitude to China for providing his country with selfless …

BEIJING, May 30 (Xinhua): Chinese President Xi Jinping on Monday delivered a written speech at the second China-Pacific Island Countries Foreign Ministers’ Meeting. Xi said that China and Pacific island countries have enjoyed a time-honored friendship that crosses mountains and oceans. In recent years, the comprehensive strategic partnership between China and Pacific island countries that features mutual respect and common …

SHANGHAI/BEIJING, May 29 (ABC): Shanghai said on Sunday that “unreasonable” curbs on businesses will be removed from June 1 as it looks to lift its COVID-19 lockdown, while Beijing reopened parts of its public transport as well as some malls and other venues as infections stabilised. The Chinese commercial hub of 25 million people aims to essentially end from Wednesday …

BEIJING, May 29 (INP): Sino-Pak enhances it cooperation for mitigating Pakistan’s fertilizer crisis, China Economic Net (CEN) reported on Sunday. As per the report, in recent years, the sharp rise in fertilizer prices kept farmers in Pakistan unsettling. Data shows that the cultivated land area in Pakistan has increased by 2 million hectares in the past two years, and 2021 …

ISLAMABAD, May 29 (ABC): The first shipment of Pakistani mangoes of this season has arrived in Kunming, China, Gwadar Pro reported on Sunday. As per Adnan Hafeez, General Secretary of the Pakistan Chamber of Commerce in China (PCCIC) and Director of Imperial Ventures (Pvt), the first batch of Sindhri mangoes landed at the Kunming airport with a total volume of …

JIUQUAN, May 29 (ABC): The combination of the Shenzhou-14 crewed spaceship and a Long March-2F carrier rocket has been transferred to the launching area, the China Manned Space Agency (CMSA) said Sunday. The facilities and equipment at the launch site are in good condition, and various pre-launch function checks and joint tests will be carried out as planned, said the …

BEIJING, May 29 (ABC): Assets under the management of China’s public offering funds reached 25.52 trillion yuan (about 3.79 trillion U.S. dollars) by the end of April, the latest data from the Asset Management Association of China showed. As of the end of last month, a total of 9,761 public offering funds were operated by 138 fund management companies, according …