China's central bank has lifted its re-lending quota by 50 billion yuan ($7.25 billion) to boost financial support for small and private businesses and support economic growth.
The fourth test aircraft of the C919, China's first home-built narrow-body passenger jet, took part in a test flight in Shanghai on Thursday, and another two new test jets, the 105 and 106, will complete their first test flights later this year, before entering the market in 2021.
Tianjin's Binhai New Area has revealed the ambitious target that by 2022, the number of its high-tech companies will more than double from the current 2,200 to 5,000, the number of local unicorn companies will more than triple from three to 10 and its public listed companies will jump from 24 to 35.
China will pour more resources into promoting telecom universal services, as part of a massive push to reduce the digital divide between rural and urban residents, the country's top industry regulator said on Thursday.
Work on the world's largest site to test automobiles in ultra-dry and ultra-hot conditions has been completed in Northwest China's Xinjiang Uygur autonomous region and is expected to bring in returns of more than 100 million yuan ($14.5 million) every year, officials said.
More than 3,000 foreign companies from 150 countries and regions have confirmed their participation in the second China International Import Expo (CIIE) in November, said Sun Chenghai, the deputy director of the CIIE bureau.
A demonstration area under construction in Qingdao, Shandong province, is expected to add momentum to cooperation between China and the Shanghai Cooperation Organization, as highlighted at the ninth meeting of the Communist Party of China's central committee for deepening overall reform recently.
The official purchasing managers' index for China's manufacturing sector stood at 49.7 in July, up from 49.4 in June, signaling a recovery in activities as it was the first month-on-month rebound in four months, the National Bureau of Statistics said on Wednesday.
China's real estate sector may cool down a bit over the rest of the year, helping direct more funds into the real economy and brighten long-term growth prospects, as the top leadership seems more determined to curb property speculation, analysts said.
A proactive fiscal policy that is in sync with the nation's prudent monetary stance will help ensure stable economic growth during the second half of the year, top economists said on Wednesday.
China and its partners participating in the negotiations of the Regional Comprehensive Economic Partnership (RCEP) agreement are expected to conclude the talks within this year, a senior official said on Wednesday.
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