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Defense budget set to keep single-digit growth

Defense budget set to keep single-digit growth

Report outlines slightly higher annual expenditure target of $209.5b this yearChina's defense budget will increase by 6.8 percent to 1.355 trillion yuan ($209.5 billion) this year, according to a draft budget report submitted to the national legislature on Friday.The figures were included in a report prepared by the Ministry of Finance and distributed at the opening meeting of the fourth session of the 13th National People's Congress at Beijing's Great Hall of the People.The proposed expenditure, which needs to be approved by the lawmakers, is the sixth consecutive year of single-digit...

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郭凯
Mar 6
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China further promotes TCM development by strengthening scientific research

China further promotes TCM development by strengthening scientific research

BEIJING -- China has unveiled 14 key laboratories of traditional Chinese medicine (TCM) in an effort to strengthen the building of scientific research platforms that would underpin and promote the development of TCM.Based on specialized institutions such as the China Academy of Chinese Medical Sciences, the newly disclosed labs are tasked with conducting TCM research and evaluation as well as quality control, among other areas, according to the National Medical Products Administration (NMPA).The first batch of 10 plus TCM key labs was made public in July 2019, according to a circular on the...

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郭凯
Feb 21
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China EximBank releases bailout funds of over 76.3b yuan in 2020

China EximBank releases bailout funds of over 76.3b yuan in 2020

BEIJING -- The Export-Import Bank of China (China EximBank) released over 76.3 billion yuan (about $11.85 billion) of special bailout funds to companies last year.The funding mechanism, established at the beginning of 2020, has aimed to support companies stricken by COVID-19 and trade frictions with a focus on sectors related to foreign trade and manufacturing.As one of the sectors bearing the brunt of the pandemic, the air transport industry saw ten of its major firms receive more than 17 billion yuan of such funds in 2020.The China EximBank is a state-funded and state-owned policy bank...

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郭凯
Feb 13
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OneSpace launches another private carrier rocket

OneSpace launches another private carrier rocket

The OS-X6B suborbital rocket, developed and made by OneSpace Technology, blasted off from a launch site in China's northwest at 17:05:05 on Friday.With a length of 9.4 meters, the rocket Chongqing Liangjiang Star flew about 580 seconds and traveled 300 kilometers above the earth.The test load was successfully separated and the entire flight was normal. This launch successfully completed a number of key technology verification, achieved the greatest possible intelligent measurement, launch and flight, and obtained a large amount of real flight environment data. The test was a complete...

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郭凯
Feb 9
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TCM on front line in battle with virus

TCM on front line in battle with virus

When Zhang Hongchun arrived in Shijiazhuang, Hebei province, on Jan 12, the streets were eerily empty amid a sweeping stay-at-home order due to a spike in COVID-19 cases.On a chartered coach, the 57-year-old raced to the Hebei Chest Hospital in the provincial capital.Awaiting the eminent traditional Chinese medicine therapist were rows of isolation wards filled with novel coronavirus patients.He quickly saw a pattern-and then a strategy."One-third of them were seniors and children," said Zhang, an asthma and chronic bronchitis specialist at China-Japan Friendship Hospital in Beijing. "The...

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郭凯
Feb 8
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Tibet sees transportation network upgrades

Tibet sees transportation network upgrades

The Tibet autonomous region has made remarkable progress in improving its transportation infrastructure and expanding its transportation network over the past few years, Qi Zhala, chairman of the regional government said in the government work report delivered on Wednesday at the fourth session of the region's 11th People's Congress in Lhasa.The region now has 117,000 kilometers of paved roads in the countryside and in cities, up 50 percent during the 13th Five-Year Plan period (2016-20) from the end of the previous period. The region's highway network - wider roads for higher-speed traffic...

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郭凯
Jan 23
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China releases 30,000 tonnes of pork from state reserves

China releases 30,000 tonnes of pork from state reserves

BEIJING -- Chinese authorities on Thursday released 30,000 tonnes of pork from its central reserves to increase meat supply for the upcoming Spring Festival holiday, the National Development and Reform Commission said.A total of 150,000 tonnes of reserve pork has been released into the market since Dec 17, 2020 to ensure supply for the New Year and Spring Festival holidays, according to the commission.Market supply has increased because of the release, said the commission, adding that the release of local pork reserves in some regions was also welcomed by consumers.On Jan 20, average pork...

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郭凯
Jan 21
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E-commerce lessons give inmates chance to succeed

E-commerce lessons give inmates chance to succeed

HANGZHOU-Zheng Susu, an e-commerce lecturer for 15 years, is visibly confident when it comes to conducting her classes. However, she was caught by surprise and became anxious upon receiving an invitation to teach at a local prison.In December 2017, Qiaosi Prison in Hangzhou, capital of Zhejiang province, sought to collaborate with Taobao University-an education unit under Chinese tech giant Alibaba, where Zheng works as a lecturer-to give lessons to the inmates.The unique approach is aimed at teaching the inmates skills that can help them reintegrate into society. Before approaching Taobao...

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郭凯
Jan 17
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Focus on food security pays off

Focus on food security pays off

81.5 billion yuan investment has been used to improve grain quality and salesChina has put a lot of effort into boosting food security by improving grain production and quality over the past five years, which has helped ensure people's daily necessities amid the COVID-19 epidemic.Since 2017, an investment of 81.5 billion yuan ($12.6 billion) has been channeled to various State-level projects for food security supervision, grain quality improvement and services for grain marketing and sales, according to a statement on Tuesday by the National Food and Strategic Reserves Administration."Some...

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郭凯
Jan 15
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WHO team assessing Chinese vaccines for emergency use

WHO team assessing Chinese vaccines for emergency use

A World Health Organization team is in China currently working with producers of COVID-19 vaccines Sinovac and Sinopharm to assess compliance with international quality manufacturing practices ahead of potential emergency use listing by the WHO, said Director-General Tedros Adhanom Ghebreyesus during a press briefing on Monday.Meanwhile, Tedros urged COVID-19 vaccine manufacturers from around the world to move swiftly to provide the necessary data which will allow the organization to consider them for emergency use listings.The team is separate from the WHO mission which will arrive in...

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郭凯
Jan 14
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