From January to May, Shanghai ranked first among all Chinese cities in terms of total retail sales of consumer goods, and Beijing won the second spot. The ranking slightly changed from that of 2019, with new first-tier city Chongqing surpassing Guangzhou, claiming the third spot, according to the 21st Century Business Herald.

State-owned enterprises have played central roles in China's development as providers of utilities such as electricity and communications and of key goods such as steel and coal. They have also been instrumental in industries that require large amounts of long-term capital or scientific and technological research and development.

China General Nuclear Power Corp, one of the country's largest nuclear power companies, said its total installed domestic capacity of new energy is expected to reach 24 million kilowatts by the end of this year, up from 20.54 million kW as of the end of May.

Sanya, the southernmost city in the province of Hainan, is fast becoming the destination of choice for diving enthusiasts from China, especially at a time when overseas travel has virtually ground to a halt due to the COVID-19 epidemic.

China will take new steps to provide better services to market entities and further facilitate employment and business startups in an effort to improve the business environment and energize market players, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Wednesday.

CChina's historically high credit growth in the first half of this year has strongly supported economic recovery as the novel coronavirus epidemic has been almost controlled in the country, the central bank said on Friday. It added that monetary policy will be back to normal if the outlook remains optimistic.

China has implemented 260 reform measures that were tested and used at the various pilot free trade zones over the last six years, an indication of the nation's renewed commitment to deepen reform and expand opening-up to shore up economic growth, government officials said on Friday.

China has implemented 260 reform measures that were tested and used at the various pilot free trade zones over the last six years, an indication of the nation's renewed commitment to deepen reform and expand opening-up to shore up economic growth, government officials said on Friday.

China has suspended the imports of meat products from 23 foreign companies in Germany, Brazil, United Kingdom and the United States, given local infection clusters in meat and aquatic product companies in these countries, said the General Administration of Customs on Friday.

Source：Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday，China Plus News
Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham