BEIJING, Aug. 25 (Xinhua) -- China is increasing efforts to consolidate the recovery momentum with a flurry of more decisive supportive measures.The State Council on Wednesday announced 19 follow-up policies to shape greater synergy among the policies already in place. It issued a package of 33 measures in May, covering fiscal, financial, industrial and other fields.China's economy has continued the recovery momentum since June. However, the foundation of economic recovery is 'not solid' due to negative factors, according to a State Council executive meeting chaired by Premier Li K...
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China's registration-based initial public offering (IPO) system has brought a new dynamic to the capital market since it was expanded to the Shenzhen-based ChiNext board two years ago.A total of 355 companies listed under the registration-based IPO system had debuted on the ChiNext board by Aug. 23, 2022, accounting for 30 percent of the total number of ChiNext firms.The total market value of these companies exceeds 2.6 trillion yuan (about 380.2 billion U.S. dollars), accounting for 21 percent of the board.'Over the past two years, the ChiNext board has boosted direct investment throu...
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China's service trade has delivered a meteoric expansion and showcased a growing presence in the global arena over the past decade, as the country moves into a higher-level opening-up economy.Since 2012, China's service trade has sustained a robust momentum, with an annual growth of 6.1 percent, 3.1 percentage points higher than the global expansion, said Wang Dongtang, a senior official with the Ministry of Commerce, at a press conference Tuesday.From Aug. 31 to Sept. 5, the 2022 China International Fair for Trade in Services (CIFTIS), which was launched in 2012, is slated to be held ...
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BEIJING, Aug. 22 (Xinhua) -- The 2022 Zhongguancun Forum is scheduled to take place in Beijing from Sept. 22 to 27, the event's organizers said on Monday.The forum, themed 'Open Cooperation for a Shared Future' this year, will be held both online and offline. The China National Convention Center will be the main venue.More than 130 events will be organized, including conferences, exhibitions, research achievement releases, competitions in cutting-edge fields and technology trading.The forum will invite the world's top scientists and institutions, well-known innovation and entre...
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HAIKOU, Aug. 23 (Xinhua) -- South China's island province of Hainan plans to ban the sales of all fuel vehicles by 2030, a government document said.According to the implementation plan of carbon peaking issued by the provincial government on Monday, all new and replacement vehicles in the public service and commercial services in Hainan will use clean energy by 2025, and the sales of fuel vehicles will be banned by 2030.The plan has made Hainan the first in China to ban fuel car sales.The plan also points out that Hainan will provide preferential policies in areas including vehicle purchas...
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