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BERLIN - Mercedes-Benz sold more than 70,000 passenger cars in May and achieved a double-digit growth in China, German carmaker Daimler announced on Tuesday.

BEIJING — Chinese steel plants are seeing growing output but falling orders, renewing concerns of excess inventories, an industrial index showed.

BEIJING -- Financial institutions in Beijing have increased credit supply and reduced the financing costs of culture, tourism enterprises affected by the novel coronavirus epidemic, as part of the city's measures to help the businesses tide over hard times.

BEIJING - Official confirmation has been given of some issues arising from the excavation of the tomb of ancient playwright Tang Xianzu.

BEIJING — China's decision to establish a committee to oversee financial stability and development will be key to reform and coordinated regulation of the financial sector, economists said.