Russia reports new record daily rise of coronavirus cases

MOSCOW – Russia reported 1,786 more coronavirus cases on Friday, its largest daily rise so far, which took the national tally of confirmed infections to 11,917. The number of coronavirus-related deaths rose by 18 to 94, the Russian coronavirus crisis…

Wuhan restarts: City to see 245b yuan investment in 69 projects

Wuhan’s rejuvenation will be speeded up with some enterprises planning to invest after the city experienced months-long lockdown. A total of 245.1 billion yuan worth of investment involving 69 projects in Hubei province were signed at an online investment fair…

Govt revising foreign investment catalogue to boost processing trade

China is working on revising the Catalogue of Encouraged Foreign Investment Industries, in bid to promote processing trade amid the novel coronavirus outbreak, a senior commerce official said on Friday. Li Xingqian, director of the Ministry of Commerce’s foreign trade…

3rd CIIE hosts first online roadshow to lure German exhibitors

The first online overseas roadshow of the third China International Import Expo (CIIE) was held in Shanghai on April 9. The event was aimed at attracting more German exhibitors to the event later this year. To date, more than 1,000…

OPEC+ to cut production by 10 million b/p, pending consent of Mexico

VIENNA – The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, known as OPEC+, reached on Thursday a tentative agreement to cut production to stop a market free-fall amid the coronavirus pandemic, pending the consent…

China geared up to meet surging global demand of ventilators

Chinese companies are geared up to meet surging global demand of ventilators to join hands with the world fighting against COVID-19 outbreak, overseas edition of the People’s Daily reported on Friday. China’s ventilator production capacity accounts for one-fifth of that…

Xi stresses tighter supervision of workplace safety

BEIJING — President Xi Jinping has called for tighter supervision of workplace safety to effectively safeguard the safety of people’s lives and property. As the country is resuming work and production, it is necessary to strengthen monitoring and law enforcement…

Retreating food costs ease China’s consumer inflation, factory prices slip

BEIJING — Retreating food costs in China eased consumer inflation in March, while factory prices fell deeper over depressed demand due to the novel coronavirus outbreak, official data showed Friday. China’s consumer price index (CPI), the main gauge of inflation,…

Duisburg’s port is China’s gateway to Europe

The friendship between Wuhan and Duisburg is resilient – especially in difficult times! Duisburg and Wuhan, who has been hit so hard by the Coronavirus, are connected by a special friendship. The location of the largest inland port in the…

UN chief urges support for WHO

  The head of the United Nations has called for support for the World Health Organization a day after US President Donald Trump claimed the UN agency got “every aspect” of the coronavirus pandemic wrong and threatened to withhold funding.…