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BEIJING — China cut administrative fees on businesses by more than 420 billion yuan (.38 billion) during the past years to relieve their burden and stimulate the market.

BNEF also projected that electric vehicles will account for the majority of incremental global demand increases for passenger cars within the next five years. According to the 1Q 2020 Electrified Transport Market Outlook report issued by BNEF, global EV sales grew by 10 percent last year in increments of 200,000 units. Sales in Europe may surge this year, which is expected to offset nearly flat EV sales in China and the US.

BEIJING -- Chinese archaeologists have found more than 180,000 relics from an ancient merchant ship from the Song Dynasty (960-1279), the State Administration of Cultural Heritage said Tuesday.

BEIJING — China and Canada have "basically finished a feasibility study on a free trade agreement," after more than a year of effort, a Ministry of Commerce spokesperson said Thursday.

BEIJING — As the development of clean energy hit new records, China, the world's largest energy investor and innovation center, has made stronger-than-expected efforts to accelerate the process.