The Caixin China General Manufacturing Purchasing Managers' Index rose to 51.2 from 50.7 in May, the highest reading this year, according to a survey released by media group Caixin. An index reading above 50 represents an expansion while one below reflects contraction.
The Chinese economy has achieved generally steady performance in the first half (H1) of this year with residents' income increasing, the ecological environment improving and some indicators beating expectations, achievements that did not come easily, remarked Li Monday while chairing a symposium attended by economists and entrepreneurs to analyze the economic situation.
The Chinese economy has shown overall stability and an upward momentum, Han said, summing up the country's experience in economic development, which included prioritizing the fight against COVID-19, coordinating epidemic control and economic and social development, and properly handling macroeconomic regulation.
The Chinese government has tightened its regulation of overseas deals and has banned outbound direct investments in sectors including real estate, hotels, entertainment, sports and casinos to avoid investment risks or potential crime.
The Chinese mainland firmly objects to US arms sales to Taiwan under any pretext, said An Fengshan, spokesman for the State Council Taiwan Affairs Office, at a press conference.
The Chinese government is exploring new development models for big cities, diversifying their functions and easing their burdens, which will solve environmental issues, promote development of surrounding areas and provide references for other developing countries, Lins said.
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The Chinese American was recently in Shanghai to visit his alma mater, Shanghai Maritime University, and promote the Chinese version of his biography Fearless Against the Wind.
The China Foundation For Cultural Heritage Conservation has signed an agreement with Intel Wednesday, to explore the use of AI and the company's drones in the protection of the Great Wall.