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BEIJING - Sales of passenger cars in China rose year-on-year in May due to reviving market demand, industry data showed Monday.

BEIJING -- China will maintain a consistent and stable policy on real estate finance and avoid using the property sector to generate a short-term stimulus to the economy, according to a central bank report.

BEIJING -- China's major food processing companies recorded combined profits of 320.39 billion yuan (.84 billion) in the first seven months of 2020, up 7.5 percent year-on-year, according to official data.

BEIJING - Chen Chuanshu, a former senior official of China's Ministry of Civil Affairs, has been demoted for "serious dereliction of duty and irresponsibility," the discipline arm of the Communist Party of China (CPC) announced Monday.

BEIJING - Revenue in China's telecommunications industry decreased slightly in the first half of this year, official data showed.