China's June manufacturing remains in expansion zone
China's manufacturing activity expanded for the 16th consecutive month in June but at a slower pace due to chip and power supply shortages and minor resurgence of COVID-19 in certain areas.
Macro
China looks to deeper waters for wind power in pursuit of carbon neutrality
As China's push to reach carbon neutrality by 2060 draws increased attention toward wind power, experts say moving wind farms to deeper waters could eliminate some of the challenges to offshore wind power and help expand the fleet of turbines.
Financials
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Central bank pledges flexible, precise implementation of monetary policy
China will implement its monetary policy in a flexible and precise way and strike a balance between economic recovery and risk prevention, the central bank has said.
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China's central bank conducts 10 bln yuan of reverse repos
China's central bank Thursday conducted 10 billion yuan (about 1.55 billion U.S. dollars) of reverse repos to maintain reasonably ample liquidity in the banking system.
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Industries
China world's biggest producer of over 220 types of industrial goods
China is the world's largest producer of over 220 types of industrial products, including vehicles and computers.
China's red tourism booms in H1
Visiting historical sites with a modern revolutionary legacy, commonly called red tourism, became an increasingly popular travel choice for Chinese people in the first half of this year.
China's industrial profits surge 83.4 pct in first five months
China's major industrial companies saw their profits maintain steady expansion in the first five months of the year amid recovering market demand and improving business performance.
