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SHANGHAI, Oct. 6 (Xinhua) — China’s Shanghai, an economic powerhouse and also a popular tourist destination, is seeing a boom in cultural and tourism consumption following the launch of a tourism festival ahead of this year’s week-long National Day holiday,…
BEIJING, Sept. 27 (Xinhua) — China’s central bank on Friday announced a cut in the reserve requirement ratio (RRR) by 0.5 percentage points for financial institutions. Starting Friday, the weighted average RRR for lenders will come to around 6.6 percent,…
BEIJING, Aug. 15 (Xinhua) — In a 70,000-square-meter factory in Zhengzhou in central China’s Henan Province, the hum of machinery blends with precise robotic movements as this traditional industry stronghold goes digital. Robots now handle unloading and sorting materials, while…
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