Briefly

Nation's forex reserves expand last month

China's foreign exchange reserves rose to $3.1278 trillion at the end of May, up $8.1 billion, or 0.26 percent, at the end of April, data from the State Administration of Foreign Exchange showed on Tuesday.

Shenzhen to build 20 mfg industrial parks

The southern Chinese metropolis of Shenzhen in Guangdong province plans to build 20 advanced manufacturing industrial parks for strategic emerging sectors and industries of the future. The 20 parks will cover a total area of 300 square kilometers in the districts of Bao'an, Guangming, Longhua, Longgang, Pingshan, and Shenshan, the municipal government announced. The move aims to bolster 20 strategic emerging sectors and nurture eight industries of the future.

Xinhua