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Chinese President Xi Jinping's special envoy and Vice Premier Liu He said in Washington Saturday that China and the United States have reached consensuses on economic and trade issues, pledging not to engage in a trade war.
China's securities regulator has approved IPO applications from two companies, which will raise no more than 6 billion yuan (around 941 million U.S. dollars) in the A-share market.
French high-end department store Galeries Lafayette will open its second China store in Shanghai by the end of this year.
Starbucks has planned an ambitious expansion in the fast-growing Chinese market by doubling its number of coffee shops to 6,000 across China by fiscal 2022.
The World Bank has approved a loan of 150 million U.S. dollars to improve inland waterway transport in central China's Hubei Province, said the World Bank Beijing office Saturday.
China and the United States issued a joint statement on Saturday on economic and trade consultations, vowing not to launch a trade war against each other.
A bank clerk counts cash in Taiyuan, capital of Shanxi province. [Photo by Zhang Yun/China News Service]
Chinese commercial banks recorded a net foreign exchange purchase in April, and forex market supply and demand remained balanced, the country's forex regulator said Friday.
The Foreign Ministry dismissed a rumor on Friday that China had offered to cut its trade surplus with the United States by $200 billion, saying the trade talks with the United States have so far been constructive and are still underway.
The European Commission on Friday proposed activation of a dormant statute to shield European firms doing business with Iran from renewed U.S. sanctions.
