The S&P 500 climbed 1.2 percent to 3,310.11, and the Nasdaq Composite advanced 1.6 percent to 11,185.59.
The RCEP not only bodes well for the shipping sector, but also gives a boost to a freer flow of people traveling across the region, said Chen from China Merchants Securities. "The RCEP will have a spillover effect for Chinese manufacturers in the ASEAN. It will bring about more passengers for airlines (Spring Airlines for example) with a strong network and business to destinations in East Asia, Southeast Asia, Australia and New Zealand," he said.
The SOE reform in the second half will be accelerated to catch up with the schedule falling behind in the first quarter, which was affected by the COVID-19, said Li Jin, chief researcher at the China Enterprise Research Institute, in Beijing.
The Research Institute of Preservation of Cultural Relics in Shaanxi province and the Cultural Heritage Foundation in France have pledged to cooperate in protecting the colored wood carvings of Gongshutang, a cultural relic site under state key protection.
The Sanquan Foods has sealed all batches suspected of being contaminated with African swine fever and is cooperating with official investigation.
The SUV sector is the fastest-growing in the Chinese auto market, with sales soaring nearly 6.3 percent year-on-year to 4.69 million vehicles in the first half of 2018, according to the China Association of Automobile Manufacturers.
佛山微管可视人流
The Paris-based Longchamp opened its China flagship store at the Kerry Center in the heart of Shanghai on Thursday.
The SAR's economy is arguably in the worst shape it has been in for years. It is on track to slide into the worst recession in decades unless the social unrest stops and order and peace are restored.
The People's Bank of China unleashed about 100 billion yuan (.6 billion) of long-term capital Wednesday in the first of its three phases to implement the RRR cuts.
The S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly rise of 0.06 percent.