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China’s Manufacturing and Non- Manufacturing PMI Remained above Critical Point in July

By LIN Huocan On July 31, the service industry survey center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China purchasing manager index, or PMI. In July, the PMI of manufacturing industry was 51.1%, which continued to rise steadily; the non-manufacturing business activity index was 54.2%, which … Continue Reading China’s Manufacturing and Non- Manufacturing PMI Remained above Critical Point in July

China’s New Proposal on Development of New Infrastructure based on 5G Will Open a Great Window of Opportunity for China-ASEAN Digital Economy Cooperation

According to Aladdin D. Rillo, Deputy Secretary-General of ASEAN , global economic recovery post-pandemic will to a considerable extent depend on China that managed to avoid recession as it grew by 3.2% in Q2. Moreover, China’s new proposal on Development of #NewInfrastructure based on 5G will open a great window of opportunity for China-ASEAN digital … Continue Reading China’s New Proposal on Development of New Infrastructure based on 5G Will Open a Great Window of Opportunity for China-ASEAN Digital Economy Cooperation

Mars, Here We come!

On 12:41, July 23, 2020, China’s first Mars probe Tianwen-1 carried by the Long March 5 launch vehicle is successfully launched at Wenchang space launch site in China, which marks the country’s first Mars exploration mission. From Qu Yuan’s inquiry into the universe 2000 years ago till today’s launch of Tianwen-1, human beings have been … Continue Reading Mars, Here We come!

China is Building an”Iron Wall” to Cope With the Flood Season

Since the flood season, rainstorm and flood occurred frequently in southern China. More than 400 rivers in the country had floods above the warning level; the Yangtze River, the upper reaches of the Yellow River, the Xijiang River and Beijiang River, Taihu Lake and Huaihe River successively experienced huge floods. At present, the water level … Continue Reading China is Building an”Iron Wall” to Cope With the Flood Season

Opinion: US Secretary of State Mike Pompeo is Seemingly Addicted to Scapegoating China

It seems that U.S. Secretary of State Mike Pompeo has become addicted to scapegoating China, taking advantage of various opportunities to discredit and attack Chinese government. On July 17, Pompeo said in a speech that the United States is facing threats from China, Russia and Iran, and that China has taken away the freedom of the entire world. He also completely disregarded the duty … Continue Reading Opinion: US Secretary of State Mike Pompeo is Seemingly Addicted to Scapegoating China

EU Member States on Saturday Failed to Reach Consensus on the Next Seven-Year Budge

EU Member States Failed to Reach Consensus A special summit grouping heads of state and government of the European Union (EU) member states on Saturday failed to reach consensus on the next seven-year budget and an ambitious recovery plan designed to lift the bloc out of the crisis triggered by the coronavirus pandemic.The leaders will … Continue Reading EU Member States on Saturday Failed to Reach Consensus on the Next Seven-Year Budge

Tax Incentives Increased in Indonesia to Curb the Pandemic

Indonesia has increased tax incentives for businesses in a move to try and limit the economic impact of the coronavirus pandemic, its tax office said on Saturday. Previously announced tax relief measures that were due to expire in September have been extended until the end of the year, a statement said. They include tax breaks … Continue Reading Tax Incentives Increased in Indonesia to Curb the Pandemic

China’s Financial Authorities Announced the Takeover of Nine Financial Institutions

China’s financial authorities announced the takeover of nine financial institutions for one year from Friday, citing rule violations. Four are insurers – Tian An Property Insurance, Huaxia Life Insurance, Tian An Life Insurance, and 1An.com – and two are trust firms – New Times Trust and New China Trust, the China Banking and Insurance Regulatory … Continue Reading China’s Financial Authorities Announced the Takeover of Nine Financial Institutions


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