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BEIJING - A year has passed since the Chinese currency renminbi, or the yuan joined the IMF Special Drawing Right (SDR) basket. While the impact of the move may appear limited, the currency has taken steady steps on its global march.

Authorities reported that in recent weeks, there has been a marked decrease in infections and deaths from the virus, however with the lifting of quarantines, this downward trend has stalled.

BEIJING - Business licenses of 34 travel agencies were revoked for illegal practices during a three-month special campaign that concluded in late September, the Ministry of Culture and Tourism said.

Authorities should also create a level playing field for emerging businesses in the transportation industry and foster healthy growth of innovative firms, the statement said.

BAIC has been gaining momentum in the sector in recent years, with sales of such vehicles bearing its own brands doubling last year to 103,000. Deliveries of its new energy models also soared by 78.5 percent to 54,000 vehicles during the first half of the year, the automaker said.