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China ratchets up efforts to ease burdens on enterprises

Ministries in China have rolled out a raft of supportive policies to keep enterprises and self-employed businesses afloat amid the COVID-19 epidemic, with a focus on cutting fees and taxes.The number of market entities registered in China stood at 159 million by the end of May, up 3.6 percent from t...

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Dozens of flights canceled cause chaos at Lisbon airport

Sixty-five flights were canceled on Saturday at Lisbon airport, causing long queues and thousands of passengers without accommodation and alternative solutions.According to the airline TAP, the cancellations were caused by the bursting of the tires of a private jet, which forced the closure of the a...

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China’s foreign investment for large projects up in first 5 months

In the first five months of 2022, China received 47.68 billion U.S. dollars in foreign capital for major foreign-funded projects each with a contracted investment of at least 100 million U.S. dollars, up 40.3 percent year on year, data from the Ministry of Commerce showed Thursday.The sum accounted ...

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NATO summit concludes amid criticisms of bloc’s aggression

The 2022 Summit of the North Atlantic Treaty Organization (NATO) wrapped up here on Thursday amid mounting criticisms of the military alliance's increasingly aggressive and destabilizing security policies unveiled at the meeting.Twenty-two NATO members on Thursday agreed to launch the NATO Innov...

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RCEP deepens China-ASEAN economic and trade cooperation

On May 27, a cargo ship loaded with Malaysian manganese ore arrived at Beibu Gulf Port in south China's Guangxi Zhuang Autonomous Region.The ore was sent to the smelting workshop of South Manganese Group Ltd., which has the longest manganese industry chain in the world. There, it was made into e...

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Israeli settlement expansion undermines two-state solution, peace: Palestine

Palestine on Thursday warned against the expansion of Israeli settlements in the West Bank, saying it would undermine the prospects for a two-state solution and the chances of making peace.   The Palestinian Foreign Ministry said in a statement that expanding Israeli settlement in the Pale...

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China’s green bond issuance logs rapid growth

China's green bond issuance saw robust growth this year amid the country's push to reduce carbon emissions and advance green development, according to industry data.As of June 9, the country had issued green bonds worth 361.56 billion yuan (54.03 billion U.S. dollars) in 2022, jumping 73.72 ...

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Multinational companies still regard China as important destination: report

Although the global supply chain has entered a new round of reconstruction, China is still an important investment destination for multinational companies around the world, said a report.The report was released by the Chinese Academy of International Trade and Economic Cooperation under the Ministry...

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Renewable energy capacity of China expands

China's installed capacity of renewable energy registered double-digit growth in the first five months of the year as the country strived to reach its carbon peaking and carbon neutrality goals.In the January-May period, the capacity of wind power jumped 17.6 percent year on year to around 340 m...

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US sanctions ‘extortion measures’: Venezuelan VP

Venezuelan Vice President Delcy Rodriguez on Friday equated US economic sanctions against the South American country to "extortion measures."The United States has imposed 502 unilateral coercive measures, or sanctions, against Venezuela, Rodriguez told the 25th International Economic Forum...

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China to support private firms, boost private investment

China's top economic planner vowed to take multiple measures to ramp up the development of private firms and promote private investment, said an official on Thursday.Specific policies will apply in six areas, such as advancing key projects, facilitating financing for private firms, and optimizin...

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China’s economic recovery gains traction in May

China's economy has gradually overcome the negative impact of the epidemic, with main indicators showing marginal improvement in May, Fu Linghui, spokesperson for the National Bureau of Statistics, said Wednesday."The economy is showing good recovery momentum," Fu said at a press confe...

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18.4m people face food insecurity in Horn of Africa: UN

The Horn of Africa drought has thrust at least 18.4 million people, including more than 7.1 million acutely malnourished children, into severe food insecurity, UN humanitarians said on Monday. "From northern Ethiopia, we and our partners are continuing to provide humanitarian aid across Ti...

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Key militant among 8 killed in N Afghanistan

Eight insurgents including a key commander of militants have been confirmed dead in northern Takhar province, the Taliban-run administration's chief spokesman Zabihullah Mujahid said."During a special operation of General Directorate of Intelligence in Police District 4 of Takhar's prov...

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Superworms could become mini plastic recycling plants: Aussie researchers

Australian scientists found that superworms have a surprisingly healthy appetite for polystyrene, which the researchers hope could eventually be used to recycle plastic in an environmentally safe way.In a new study published in the Microbial Genomics journal and revealed on Friday, the team from the...

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Cross-border e-commerce a new frontier for Chinese cos amid pandemic

In a factory in southwest China's Chongqing Municipality, an array of off-road motorcycles made by Chongqing Fuego Power Co., Ltd. was waiting to be transported to Venezuela, one of the company's 50-plus export destinations.Having been engaged in international trade for over seven years, the...

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Shanghai returning to normalcy as epidemic wanes

As the Shanghai Customs House clock struck midnight on the Bund, the traffic linking the two sides of the Huangpu River had been fully restored, the barricades at some scenic spots had been removed and private cars appeared again on main roads.As of Wednesday, June 1, Shanghai has largely returned t...

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China makes all-out efforts to prop up foreign trade

Against the headwinds from COVID-19 resurgences and external complexity, China's efforts are underway to stabilize and upgrade foreign trade, a key underpinning for the economy.The latest data showed a feeble April growth of only 0.1 percent in the total exports and imports, indicating that the ...

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China reports surplus in int’l goods trade

China reported a surplus in its international goods trade in April, data from the State Administration of Foreign Exchange showed on Friday.Goods exports came in at 1.6666 trillion yuan (about 247.3 billion U.S. dollars) last month, and imports at 1.3568 trillion yuan, resulting in a surplus of 309....

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China to grant fiscal aid to domestic airlines

China is set to provide fiscal subsidies for domestic airlines hit hard by COVID-19 resurgences and oil price hikes, an official circular said Thursday.From May 21 to July 20, the subsidies will be issued on the condition that the daily number of domestic passenger flights averages no more than 4,50...