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BRUSSELS - Chinese e-commerce giant Alibaba inked an agreement with the federal government of Belgium on Wednesday to open its first Electronic World Trade Platform (eWTP) in Europe with the aim of promoting long-term cross-border trade.

BEIJING -- The large-scale construction of makeshift hospitals had played an "irreplaceable" role in the battle against COVID-19 in Wuhan, the hardest hit Chinese city by coronavirus, a health official said.

BEIJING -- The Chinese central government has allocated 70 million yuan (about .5 million) to facilitate flood relief work in the northwestern province of Gansu, the Ministry of Finance said Friday.

BEIJING -- The total outstanding debt of China's local governments stood within the official limit at 25.58 trillion yuan (.84 trillion) at the end of September, according to the Ministry of Finance.

BEIJING -- Loans to China's property sector continued to grow at a slower pace in the first quarter as the country maintains strict home-purchase rules, central bank data has shown.