RIGHT BG
The majority of Chinese citizens are positive about future income growth despite short-term pressure from the COVID-19 epidemic, a newly-released survey report has shown.
KUNMING, July 11 (Xinhua) -- A total of 3.65 million stems of flowers were transacted Saturday via the electronic auction services of the Kunming Dounan Flower Market, Asia's largest fresh cut flower trading market, down 6.9 percent from Friday.
China's Shanghai Stock Exchange ranked second in global fundraising during the first half, backed by sizeable listings and the continuing popularity of the bourse's sci-tech innovation board, commonly known as the STAR market
Shanghai announced on Saturday to allow road testing of self-driving vehicles on a 30.6-km downtown open road in the city's Pudong New Area.
The United States plans to impose 25-percent additional tariffs on about 1.3 billion U.S. dollars worth of French products in response to the country's digital services tax that impacts major U.S. technology companies.
Broad mask-wearing will be key to ensuring a faster U.S. economic recovery from the COVID-19 pandemic, a senior U.S. Federal Reserve official said Friday.
The ongoing COVID-19 pandemic has already prompted an "unprecedented" fiscal policy response of close to 11 trillion U.S. dollars worldwide, pushing global public debt to reach record high level.
China will allow foreign banks to gain access to fund custody business in its market, as part of efforts to further open up the financial sector, the country's securities and banking regulators said Friday.
The World Trade Organization (WTO) on Friday announced its decision to shorten the "campaigning" phase in the process of selecting a successor to departing Director-General Roberto Azevedo.
The ongoing COVID-19 pandemic has already prompted an "unprecedented" fiscal policy response of close to 11 trillion U.S. dollars worldwide, pushing global public debt to reach record high level, the International Monetary Fund (IMF) said Friday.
The average salary of China's fresh higher education graduates saw a stable increase last year, with computer science as the highest-paying major for college students, a recent report showed.
The number of initial jobless claims in the United States continued to drop last week, as some states paused or partially reversed reopening efforts amid resurgence in COVID-19 cases.
The 2020 annual meetings of the International Monetary Fund (IMF) and the World Bank Group will likely be held in a primarily virtual format, the leaders of the two institutions announced Thursday.
British Chancellor of the Exchequer Rishi Sunak has unveiled measures to restart the economy as the United Kingdom emerges from novel coronavirus lockdown.
U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration will work with the Senate to pass the next COVID-19 relief bill by the end of July.
China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitate regional and global economic recovery, the Ministry of Commerce said on Thursday.
As graduation ceremonies in most universities concluded this month, whether in traditional or virtual forms, China's 2020 college graduates are set to join a labor market saddled by COVID-19.
The implementation of the China-U.S. phase-one economic and trade agreement is proceeding "smoothly, effectively," U.S.-China Business Council (USCBC) president Craig Allen has said.
China on Wednesday allocated a total of 615 million yuan (about $87.6 million) for disaster relief in regions hit by floods, the Ministry of Emergency Management (MEM) said.
China's consumer inflation remained generally stable in June under the country's continued efforts toward economic recovery, official data showed Thursday.
Workers in food and accommodation, and wholesale and retail trade, are the hardest hit for having the least "teleworkable" jobs, with the poor, the young and women being more vulnerable than others.
China's consumer price index (CPI), a main gauge of inflation, rose 2.5 percent year on year in June, the National Bureau of Statistics said Thursday.
China's producer price index (PPI), which measures costs for goods at the factory gate, fell 0.3 percent from a month earlier in June, the National Bureau of Statistics said Thursday.
The Chinese economy has staged an impressive rebound from the COVID-19 shock amid the country's effective efforts to contain the virus, analysts have said.
Operators in Italy's sprawling hotel industry know they will be among the last economic sectors to completely recover from the global coronavirus pandemic.
Australia's treasurer has described Victoria's return to coronavirus lockdown as an "impediment" to the country's economic recovery.
China plans to invest 200 million yuan ($28.53 million) to build China-Europe railway distribution hubs in five cities of the country to better use railway sources and reduce costs, according to the National Development and Reform Commission, the country's top economic planner, on July 6.
Global investors are continually buying into the rally in China's equity market, which has taken the renminbi to its highest level in several months and reinforced hopes that the country's earlier economic recovery would sustain the bullish market sentiment, analysts said.
The White House expects the next COVID-19 relief bill to cost about 1 trillion U.S. dollars and wants Congress to pass the legislation by the first week in August, a top aide to U.S. Vice President Mike Pence said on Tuesday.
The European economy will face a "deeper recession" than previously predicted due to the prolonged containment measures on the COVID-19 pandemic, the European Commission said in its "Summer 2020 Economic Forecast" on Tuesday.
