The Chinese CBDC will be controlled by the central bank, and residents will be able to exchange the digital currency in commercial institutions. [Photo/IC]
The Chinese Embassy in the UK Strongly Condemns the Hong Kong-related Joint Statement of the Foreign Ministers and Secretary of State of the "Five Eyes" Alliance
The Canton Fair-held twice a year and known as the China Import and Export Fair-concluded on Friday in Guangdong's provincial capital of Guangzhou with reported total transactions at the spring fair increasing by 6.9 percent year-on-year to 206.357 billion yuan ( billion).
The Chinese Consulate General in Chicago responded quickly to the incident. Deputy Consul General Yu Peng and other Chinese consuls are in close touch with UIUC officials and the US police, and are assisting relatives of Zhang to go through procedures to head to the United States.
The Chinese Mission to the European Union and China's embassy in Belgium joined with the Hong Kong Economic and Trade Office in Brussels to organize the celebration.
The Chinese State-owned conglomerate, popularly known as CSSC, announced that one of its subsidiaries in Shanghai -- Hudong-Zhonghua Shipbuilding – will construct liquefied natural gas carriers, according to the contract with Qatar Petroleum, the world's largest LNG supplier.
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The Chinese fast-moving consumer goods segment has been seeing a recovery of sorts from the second quarter of the year, despite the 2-percent decline during the first half, Kantar said in a report. The sector is likely to witness positive growth in the second half as the epidemic control measures are bearing fruit. There is a strong demand for quality and sophisticated global brands in China, said Yu.
The Chinese government will continue to support the bank in its efforts to develop into a high-standard multilateral development institution and promote global economic governance, said Liu.
The Chinese economy has maintained a momentum of steady and sound growth this year. The first quarter saw 6.9% growth with marked improvement in economic performance, and major economic indicators have continued to move in a positive direction in the second quarter. Power generation, freight volume and new business orders have increased notably. Profits of industrial companies above the designated scale have increased at double-digit rates. Foreign exchange reserves have started to grow again, and the RMB exchange rate has been basically stable. In particular, employment has been strong with surveyed unemployment rate for urban areas falling to 4.91% in May, the lowest level in years. Citing the growing strength of new drivers and steady progress in economic rebalancing in China, a number of international organizations and research institutions have recently revised up China's growth forecasts, reflecting optimistic market expectations.
The China Iron and Steel Association has urged the Chinese government to take resolute measures against imports of stainless steel, seamless pipes, coal, agricultural products and consumer electronics from the United States to confront trade protectionism.