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Workers help unload humanitarian aid consisting of 3,000 tents provided by China for flood relief in Karachi, Pakistan, on Tuesday. The supplies, carried by a Chinese Y-20 transport plane, arrived in Pakistan on Tuesday.Cheng Shijie/People's Daily

Workers help unload humanitarian aid consisting of 3,000 tents provided by China for flood relief in Karachi, Pakistan, on Tuesday. The supplies, carried by a Chinese Y-20 transport plane, arrived in Pakistan on Tuesday.Cheng Shijie/People's Daily

Xi hails role of CIFTIS as key platform

President Xi Jinping reaffirmed on Wednesday China's commitment to working with different nations in practicing true multilateralism and jointly promoting the growth of a service economy that is open and ensures shared benefits.

TOP NEWS

Gorbachev, last leader of USSR, passes away at 91

Mikhail Gorbachev, the last leader of the Union of Soviet Socialist Republics, has died at the age of 91, the hospital where he was undergoing treatment in Moscow said on Tuesday.

CHINA

Guangdong excels in decade of development

The largest provincial-level economy of the country, Guangdong province has made big steps in high-quality development in the past 10 years, the provincial governor said.

POLICY REVIEW

Action taken to counter drought

The central government has increased measures to reduce the impact of the continued drought and the prolonged heat waves that ravaged southern China this summer, enacting steps to bolster irrigation, ensure the supply of drinking water and divert more energy to regions affected by power shortages.

WORLD

Only 'miracle' stands in way of US recession

The United States will need a "miracle" to steer clear of a recession, according to a leading economist.

BUSINESS

August mfg PMI records better reading

China's factory activity improved in August after a contraction in July, and industry insiders promptly reviewed the latest data and attributed them to intensified macroeconomic policy support amid COVID-19 pandemic resurgences and extreme weather in some parts of the nation.

BUSINESS FOCUS

Landmark net-zero industrial park taking shape

In Ordos, Inner Mongolia autonomous region, the world's first net-zero industrial park powered by the latest wind, solar and hydrogen power technologies, has been gradually taking shape, helping initiate a new industrial transition in the country and across the world.

COMMENT

US' aggressive playing of the 'Taiwan card' is a high-stakes gamble that won't pay off

It seems that Taiwan has become a catwalk on which various US politicians want to strut to put themselves in the spotlight, no matter how much their preening and posturing ratchets up tensions in the region.

GLOBAL VIEWS

Rewind shocks

The global economy saw high growth rates and low inflation in the 1990s, a time known as the Great Moderation Era. After the global financial crisis in 2008, the world economy entered a period of low economic growth, low inflation, low interest rates and high government debt, a period characterized by the US economist Lawrence Summers as a period of secular stagnation.

LIFE

Early civilization unveiled

Jijiaocheng is an archaeological site that hit the headlines in March when it was named among China's top 10 new discoveries of 2021.

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