One year on, Hainan free trade port construction in full swing
A total of 11 key industrial parks are being developed into a demonstration zone for the construction of the Hainan free trade port. A batch of core policies have been implemented and market entities have been gathering since the parks were unveiled one year ago.
Macro
China's PMI holds steady as economy sustains steady expansion
The purchasing managers' index for China's manufacturing sector came in at 51 in May, slightly down from 51.1 in April, data from the National Bureau of Statistics showed Monday.
Financials
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China expands QDII quotas as outbound investment demand grows
China's foreign exchange regulator Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors.
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Beijing accelerates development of service trade, FTZ
Beijing municipal authorities are accelerating the development of the city's "two zones," introducing a slew of business-friendly policies and continuing the city's opening up to the outside world.
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Companies
Huawei launches HarmonyOS 2 for smartphones
Huawei on Wednesday officially launched its operating system HarmonyOS 2 for smartphones, providing customers worldwide with a competitive alternative that works on a diverse range of devices.
Tesla recalls hundreds of imported Model 3 vehicles in China over bolt defect
U.S. electric car maker Tesla has launched a recall of hundreds of vehicles in China due to safety risks posed by defective bolts, China's top quality watchdog said on Thursday.
JD Logistics debuts on Hong Kong market
JD Logistics, Inc., the delivery arm of e-commerce giant JD.com, started trading on the Hong Kong stock market on Friday.
