Xi: Collective efforts key to fighting virus

The international community should make joint efforts to fight against the novel coronavirus, which is the common enemy of all mankind, President Xi Jinping said on Thursday.

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  • China's Wuhan to resume operation of nearly 100 trains

    China's Wuhan to resume operation of nearly 100 trains

    Apr 03,2020

    The central Chinese city of Wuhan, once the epicenter of the novel coronavirus outbreak, will resume operation of nearly 100 passenger trains starting April 8, according to the local railway operator.

  • China cuts RRR for small, medium-sized banks

    China cuts RRR for small, medium-sized banks

    Apr 03,2020

    China's central bank on Friday announced a decision to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effort to bolster the real economy amid the novel coronavirus outbreak.

  • AIIB to set up 5-bln-USD COVID-19 crisis recovery facility

    AIIB to set up 5-bln-USD COVID-19 crisis recovery facility

    Apr 03,2020

    The Asian Infrastructure Investment Bank (AIIB) said Friday that it will set up a crisis recovery facility to help its members cope with and recover from economic, financial and public health pressures brought by the novel coronavirus pandemic.

  • China's securities regulator denounces Luckin Coffee's financial fraud

    China's securities regulator denounces Luckin Coffee's financial fraud

    Apr 03,2020

    The China Securities Regulatory Commission (CSRC) on Friday denounced Chinese coffee chain retailer Luckin Coffee for financial misconduct, including fabrication of certain transactions.

  • U.S. economy to decline by 7 pct in Q2: Congressional Budget Office

    Apr 03,2020

    The U.S. Congressional Budget Office (CBO) estimates that second-quarter GDP will decline by more than 7 percent in the second quarter due to continued disruption of commerce amid COVID-19 pandemic, according to a statement released Thursday.

  • AIIB proposes crisis recovery facility in response to epidemic crisis

    Apr 03,2020

    The Asian Infrastructure Investment Bank announced on Friday it is proposing to its board of directors to create a crisis recovery facility in response to urgent economic, financial and public health pressure and to support a quick recovery after the current COVID-19 crisis.

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