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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 - Chinese lenders must strengthen their risk control and improve services for businesses, Guo Shuqing, chairman of China Banking Regulatory Commission, said Friday. Chinese lenders must pay particular attention to credit and liquidity risk, with priority given to improving their main business, Guo said at an industry seminar gathering top commercial bank executives. "Earnest efforts must be given to reducing overcapacity, and effective measures should be taken to lower business financing costs," he said. More support will be given to business participation in Belt and Road Initiative projects and outward investment, he added.

BEIJING - China is becoming an emerging source market for Dubai's tourism sector and the Middle East city has stepped up partnerships with Chinese firms to tap the world's largest outbound tourism market, according to Dubai's tourism authority.

BEIJING - Chinese President Xi Jinping left Beijing on Tuesday morning for the fourth Eastern Economic Forum held in the city of Vladivostok, Russia, at the invitation of Russian President Vladimir Putin.

BEIJING - China's alcohol enterprises saw a total revenue of 249.7 billion yuan (.19 billion) in the first four months, according to the Ministry of Industry and Information Technology.