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BEIJING - China's central bank drained 70 billion yuan ( billion) from the financial system through open market operations Thursday, with the volume of maturing securities exceeding new injections.

BEIJING - Chinese authorities have announced that the tax exemptions on new energy vehicles (NEVs) purchases will continue through 2020 to boost the country's green development and retain a strong domestic market.

BEIJING - China is capable of offsetting the economic impact of the novel coronavirus outbreak with ample monetary policy tools, a senior official with the central bank has said, pledging to further lower borrowing costs while keeping liquidity at a reasonable and ample level.

BEIJING - China's national observatory on Wednesday issued a blue alert for typhoon Jongdari which strengthened before its forecast landfall in the eastern coastal region.

BEIJING - China's transportation industry has expanded steadily in September as an index measuring the vitality of the sector remained at a high level, according to the China Academy of Transportation Sciences.