Briefly

Trade body: US moves hurting chip ties

Alluding to the United States' restrictions on US companies from exporting key chip-related technologies and components to China, a major trade body has issued a warning. The China Semiconductor Industry Association said in a statement on Wednesday: "Any damage to the current global supply chain, which developed over the past decades alongside the process of globalization, could create inevitable and irreparable harm to the global economy." The association also said it noticed media coverage that leaders of major US chip companies are trying to persuade the US government to avoid expanding trade restrictions and instead promote international cooperation.

New HSR to connect Guangxi, Vietnam

The Guangxi Zhuang autonomous region in South China is building a high-speed railway in its prefecture-level city of Chongzuo, which is expected to link with Vietnam's railway upon completion. The 81.52-kilometer Chongzuo-Pingxiang Railway, part of which is being built by China Railway No 4 Engineering Group Co Ltd, will connect with Guangxi's capital Nanning upon completion. Pingxiang is a county-level city under Chongzuo. The western end of the line can link with Vietnam's Dongdang-Hanoi Railway via the Hunan-Guangxi Railway that connects Hunan's Hengyang with the Friendship Pass in Pingxiang.

Shenzhen sets up over 35m e-CNY wallets

The South China metropolis of Shenzhen, Guangdong province had opened 35.94 million e-CNY wallets by the end of June, 7.6 million more than the number recorded at the beginning of the year. Currently, more than 2.1 million businesses in the city accept digital yuan payments, according to the city's central branch of the People's Bank of China, the country's central bank.

China Daily - xinhua