The People's Bank of China (PBC), the country's central bank, announced a 50 basis point cut in the reserve requirement ratio (RRR), effective Friday. The cut will lower the weighted average RRR for financial institutions to around 6.6 percent. Experts believe that the reduction is an important manifestation of supportive monetary policy, which will continue […]
China released an investigation report on a major fire accident in a commercial and residential building in the city of Xinyu in East China’s Jiangxi Province in January that killed 39 people and injured another nine. The tragic fire accident happened in the basement of the complex in Xinyu around 3:30 pm on January 24. […]
As the general debate of the 79th session of the United Nations (UN) General Assembly is set to open on Tuesday, experts warn that the Philippines may "hijack" the UN platform to promote its own agenda by asserting its illegal claims in the South China Sea, given that Manila has previously stated its plan to […]
The Shaolin Temple, nestled in the Songshan mountain range of Central China's Henan Province, is renowned not only as a sacred site of Zen Buddhism but also as the birthplace of the renowned Shaolin kung fu. Now, the temple is constructing a museum dedicated to promoting Shaolin culture. The temple, which dates back to the […]
The "Future World" International Youth Art Festival was held on Saturday in Samarkand, Uzbekistan, with over 500 participants, including government officials, cultural figures, artists, and youth representatives from both China and Uzbekistan. The festival was co-hosted by China's State Council Information Office, the Youth Affairs Agency of Uzbekistan, and the Samarkand regional government. The festival […]
As the sun sets and the city is enveloped in the peaceful cover of night, a new trend is gaining momentum across China: the 24-hour library. These well-lit havens provide a sanctuary for students, professionals, and anyone in need of a quiet place to read or study in the late hours. In addition to staying […]
A dance troupe staged a performance that integrated elements of Chinese and African folk dances at the opening ceremony gala show of the just-concluded 2024 Summit of the Forum on China-Africa Cooperation held in Beijing. Amid lively, rhythmic drumbeats, dancers from China and Africa, dressed in their respective traditional costumes, entertained the crowds with the […]
To celebrate the upcoming Mid-Autumn Festival, which will fall on Tuesday in 2024, the National Centre for the Performing Arts (NCPA) will present a series of exciting performances, including the Peking Opera Farewell My Concubine, which will be staged on Friday. The opera is a classic work that was initially adapted from the story of Xiang […]
Editor's Note: A dedicated group of individuals tirelessly patrol the South China Sea year-round, protecting China's national sovereignty, security, and maritime rights. These individuals make up the China Coast Guard (CCG). In the eyes of some foreign media outlets, they are seen as "aggressive actors in international disputes." But what is the true role of […]
Shanghai has evacuated residents, canceled flights and outdoor events, suspended subway lines in preparations for Typhoon Bebinca, which could become one of the strongest typhoons to hit the city since 1949. The typhoon formed on Saturday night is expected to make landfall on early Monday between areas north of Qidong in East China's Jiangsu Province […]