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BEIJING - Chinese regulator has greenlighted a new national asset management company (AMC), the first approval since 1999 when the country set up four AMCs to deal with distressed assets of State-owned banks.

BEIJING - Chinese automaker Anhui Jianghuai Automobile Group Corp Ltd (JAC) reported a net loss in the first half of the year (H1) as the COVID-19 epidemic dented sales.

BEIJING - China's Ministry of Water Resources on Tuesday warned that severe floods are expected to hit the country's major rivers this summer and called on local authorities to prepare for the floods.

BEIJING - It is difficult to know how to spend the several free minutes you have before a movie starts, or that half hour wait until your favorite restaurant has a free table, but mini karaoke (KTV) is now a favorite way to fill the time in China.

BEIJING - China's fixed-asset investment (FAI) in transport reported steady growth in the first quarter, official data showed.