China's economic recovery gains steam, key indicators further improve

China's economic recovery gains steam, key indicators further improve

China's economic recovery continued to gather steam with major economic indicators further improving last month as the country's efforts to boost growth amid the COVID-19 slowdown gradually paid off.

Macro

Yuan strength reveals market confidence in Chinese economy

Yuan strength reveals market confidence in Chinese economy

The Chinese yuan strengthened against the greenback Wednesday, extending gains to hit a 16-month high and notching the largest daily surge since April 8 this year.

Trade

Companies

Alibaba unveils new digital manufacturing factory

Alibaba unveils new digital manufacturing factory

China's tech giant Alibaba Group revealed its new manufacturing model on Wednesday -- the Xunxi Digital Factory.

Hainan Airlines' charter flights to fly Chinese students to Britain

Hainan Airlines' charter flights to fly Chinese students to Britain

China's Hainan Airlines will operate direct charter flights from Chongqing to Manchester starting Sept. 21 to assist Chinese students resume their education in Britain, according to the carrier.

China Zheshang Bank increases lending to private firms

China Zheshang Bank increases lending to private firms

China Zheshang Bank, one of the country's major joint-stock commercial banks, saw its outstanding loans to private enterprises grow rapidly in the first half of the year.

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