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China reports growth in the consumer economy

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China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China’s retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in…

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China’s Beidou navigation service platform begins trial operations

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CHONGQING — China’s national Beidou high-precision navigation and positioning service platform has entered trial operation, representing new progress in the country’s indigenous satellite navigation capabilities, the National Geomatics Center of China revealed in Chongqing on Thursday. Developed under the leadership of the Ministry of Natural Resources, the platform integrates satellite navigation and positioning base stations…

CIFTIS to promote ‘global services’

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The skyline of Beijing. [Photo/VCG] The 2024 China International Fair for Trade in Services, or CIFTIS, to be held in Beijing from Sept 12 to 16, will feature higher-standard opening-up, improving quality and innovative driving force, the fair’s organizers said. The CIFTIS, a crucial platform for China to expand opening-up, deepen cooperation and pioneer innovation,…

Pharmaceutical giant GSK vows more cutting-edge HIV treatment

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The booth of GSK. [Photo/IC] People living with HIV and people with potential exposure to HIV in China are expected to leverage more of GlaxoSmithKline’s innovative research results for the prevention and treatment of the disease as the global pharmaceutical company aims to further expand its relevant presence in the market. “There will be more…

State-owned oil firms’ profits up in H1

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An oil drilling platform seen on the South China Sea. XINHUA China’s big three State-owned oil companies reported significant increases in their net profits during the first half of the year, with analysts saying that the uptick was supported by stronger international crude prices and rising output. China National Petroleum Corp, China Petroleum and Chemical Corp…

Alibaba completes antitrust compliance overhaul

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A pedestrian walks past the headquarters of Alibaba in Beijing. KUANG DA/FOR CHINA DAILY China’s top market regulator said on Friday that it has successfully guided technology giant Alibaba Group through a three-year antitrust compliance overhaul, ending the company’s monopolistic practices and boosting fair market competition in the country’s online retailing sector. The State Administration…

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China’s service sector sees expansion while production shrinks

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Staff members work at a factory of Chint Group in Shanghai in May. [Photo/Xinhua] China’s factory activity shrank for the fourth consecutive month this August, while the service sector has expanded at a faster pace, official data showed on Saturday. Data from the National Bureau of Statistics showed that China’s official purchasing managers index for…

Sino-US talks in Sept seen creating clarity on trade policy path

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Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. [Photo/Xinhua] Senior officials from China and the United States will hold the second round of the deputy minister-level meeting of the China-US commerce and trade working group in Tianjin on Sept 7 to exchange views about…