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Chinese and foreign guests launch the new plant. [Photo provided to chinadaily.com.cn]
Chinese Vice Minister of Commerce Wang Shouwen told the meeting that under the current situation, APEC members should uphold the authority and efficacy of the World Trade Organization, and send a positive signal for the organization' Eleventh Ministerial Conference scheduled for the end of this year.
Chinese commercial banks, however, are still using the one-year lending rate of 4.35 percent — the rate commercial banks charge businesses — set by the central bank in 2015. It is higher than interbank market rates or the interest rates banks have been paying to the central bank of 3.05 to 3.30 percent.
Chinese e-commerce platform Pinduoduo suffered huge losses due to a technical bug Sunday morning, NetEase has reported.
Chinese electric carmaker BYD Co Ltd's resounding success in the international arena is perhaps one of the best examples of the nation's reform and opening-up in the last 40 years.