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China's biggest online travel agency, Ctrip.com International Ltd (Ctrip), announced that its net revenue surged 45 percent year-on-year to 6.4 billion yuan (6 million) in the second quarter (Q2) ended June 30.

China's ByteDance Ltd is seeking a valuation of billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address US security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.

China's auto market, hit by COVID-19, began to recover in April thanks to unleashed pent-up demand and supportive policies, with sales rising by 4.4 percent year-on-year, which ended the contraction streak over the previous 21 months, according to CAAM.

China will staunchly uphold multilateralism in implementing the Paris Agreement, said Zhao, making the remarks before the 25th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change.

China will work to expand the coverage of directly channeled funds under the special transfer payment mechanism and improve its management to enable more efficient use of fiscal funds by further advancing reforms, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.