The central government's State-owned enterprises posted better-than-expected net profits of 535.32 billion yuan ($78.66 billion) in the first half of the year, thanks to supply-side reform, innovation and curbs on capital outflow, the country's top SOE regulator said on Tuesday.
China urged parties involved to stop exaggerating what they cite as "China's responsibility" in addressing the Korean Peninsula nuclear issue, saying this is driven by "ulterior motives".
China's most-wanted fugitive Guo Wengui was cheated out of 20 million yuan ($2.9 million) by two fraudsters, one of them pretending to be a relative of senior officials and posing as a senior military officer, police said.
President Xi Jinping has urged efforts to unswervingly advance reform of the country's judicial system as it is crucial to the country's rule of law and the entire governance system.
Monetary policies are expected to become relatively tight in the second half of this year, as fending off financial risks has become a greater challenge than stabilizing growth, said economists and analysts.
BEIJING - Fugitive Guo Wengui is suspected of colluding with air traffic control and Hainan Airlines staff to obtain passengers' personal information, according to Chinese police. Guo, who is listed on the Interpol "red notice" of wanted fugitives, is also suspected of fabricating and distorting information to mislead the public, police said, citing a case of personal information infringement involving Guo.
A diplomatic solution to the standoff in China's Doklam is not possible if Indian troops are preparing for a long stay in the area, Foreign Ministry spokesman Geng Shuang said at a daily news conference in Beijing on Monday.
The summer heat wave is forecast to continue this week and expand over more of the country, and people are being warned to protect themselves.
Item from July 11, 1983, in China Daily: China Petrochemical Corp was established today to accelerate the development of the oil and gas sector.
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