Renovation complete on Moscow site of 6th National Congress of CPC

The renovation of an exhibition hall in Moscow, Russia where the 6th National Congress of the Communist Party of China (CPC) was held in 1928 was set to be completed on Wednesday, the Chinese company responsible for the project told the Global Times on Tuesday. The news came just two days ahead of the 100th anniversary of the founding of

Hubei unveils industry investment fund for high-quality development

Hubei unveiled an industry investment fund to drive its high-quality development on June 28, in Wuhan Economic and Technological Development Zone, Wuhan, capital city of Hubei Province. The fund is jointly launched by the national manufacturing transformation and upgrading fund and Hubei provincial government, with a registered capital of 15 billion yuan. At the unveiling ceremony, the fund signed intentional investment agreements with 12 innovative projects. Worth more than 2

China Post to pick up delivery speed in over 1,000 cities, Hangzhou is one of them

China Post will further pick up its delivery speed among over 1,000 cities in the country, China Post and Express News reported. The company will provide overnight shipping service in major Chinese cities. Over 60 percent of parcels by EMS are expected to be delivered next morning. China Post has optimized more than 400 postal routes, and added about 300

Major achievements in infrastructure, military, aerospace announced in celebration of CPC’s centenary

Major achievements in infrastructure, military as well as aerospace sectors have debuted in recent days to mark China’s major achievements in various fields under the leadership of the Communist Party of China (CPC) in celebration for the 100th anniversary of the CPC’s founding. On Monday, Baihetan Hydropower Station in Southwest China, the world’s largest hydropower project under construction, reached a

CPC shepherds a booming economy in China: official

China’s economy has kept booming, with its size soaring by 189 times since 1949, thanks to the leadership of the Communist Party of China (CPC), Han Wenxiu, an official with the Central Committee for Financial and Economic Affairs, said on Monday. When the People’s Republic of China (PRC) was founded in 1949, the country even could not manufacture a tractor,

Chinese colleges use chip, 3D technologies in admission notices to woo freshmen

Chinese universities have started a “design competition” of college admission notices to woo freshmen by integrating technologies of laser engraving, 3D and chip in admission notices. From leading Tsinghua University, Shanghai University to Shaanxi Normal University, colleges across the nation have employed special designs in their admission notices, hoping it would woo more young students to apply to their schools

Industrial profit growth slows in May, but recovery remains solid: NBS

China’s industrial firms reported slower growth of profits in May amid rising raw material prices, but recovery momentum remains solid given industrial sector’s strong resilience against rising risk of US inflationary pressure, according to official data and analysts on Sunday. Profits at major Chinese industrial firms grew 36.4 percent in May year-on-year to reach 829.92 billion yuan, or up 44.6

International MSMEs Day: China vows more support for small businesses

China would increase support for small businesses and sole proprietors by cutting payment fees to power a stronger recovery from the COVID-19 pandemic, said China’s central bank ahead of the International Micro, Small and Medium-sized Enterprises Day, which was celebrated on Sunday. The People’s Bank of China (PBC) vowed recently that it would lower payment fees for small firms from

In America, paying taxes is optional if you’re a billionaire

The meritocratic idea of the American Dream was shattered once again by a bombshell exposé published by ProPublica this month. The report, based on a vast trove of leaked tax records from the Internal Revenue Service (IRS), debunks the myth that everyone pays their fair share of taxes. In fact, American’s richest have been paying just a tiny fraction, if

China’s Xinjiang sees foreign trade surge in May

Northwest China’s Xinjiang Uygur Autonomous Region reported 48.3 percent year-on-year growth in foreign trade in May, according to Urumqi Customs. In May, Xinjiang’s total import and export value hit 12.54 billion yuan (about $1.94 billion). The figure represents an increase of 21.9 percent from the same period in 2019, said the local customs. Additionally, the new data shows that the