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BEIJING - Many small and medium-sized enterprises (SMEs) in China have been held back from achieving their full potential by the hurdles they have had to navigate to obtain loans. Following lawmakers' second reading of a draft amendment to the law on the development of SMEs, which contribute the majority to the country's GDP and job creation, things are -- at last -- looking up. Panel discussions on the draft revision were held Tuesday on the last day of the bi-monthly session of the National People's Congress (NPC) Standing Committee. Generating about 60 percent of GDP and 80 percent of jobs, SMEs have emerged as important pillars that support both the economy and social stability, said Zhang Jingqiang, executive president of China Association of SMEs. "The revision is encouraging news for SMEs and will have a profound impact on the country's economic health," he added.

BEIJING -- China's medium-sized, small and micro enterprises made important contributions to the country's economic development during the 2014-2018 period, official data showed.

BEIJING -- As Beijing lowered its emergency response to COVID-19 from level II to III, the city's Municipal Bureau of Sports on Tuesday issued new guidelines for the reopening of sports and fitness venues.

BEIJING - Top Chinese military officials Monday said the People's Liberation Army (PLA) must follow the command of the Communist Party of China (CPC) Central Committee, the Central Military Commission, and its chairman Xi Jinping "at any time and in any circumstance."

BEIJING - Vice-Premier Wang Yang Monday underlined the importance of applying a sense of mission in poverty reduction to meet the target.