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      1. Business
        The Ministry of Transport (MOT) and Ministry of Science and Technology jointly issued a guideline mapping out key transport technology based on innovation for China through 2035, a spokesperson said Thursday.
        The market penetration rate of new energy vehicles (NEVs) in China was 5.4 percent in 2020, indicating strong growth momentum in the sector, according to an annual report released by the Ministry of Industry and Information Technology on Thursday.
        Downward pressure on the economy may be rising due to the resurgence of local COVID-19 cases and recent heavy rains in some areas, but China remains staunchly committed to financial risk prevention as well as avoiding measures aimed just for short-term GDP growth, experts said on Wednesday.
        STOCK INDICES
        Shanghai Composite 2789.25 3.40% 16/03
        Shenzhen Composite 10253.28 5.34% 16/03
        Hang Seng 23063.57 4.03% 16/03
        Nikkei Average 17002.04 2.46% 16/03
        Dow Jones 20188.52 12.93% 16/03
        Nasdaq 6,904.59 12.32% 16/03

         

        The fifth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, focusing on economic and trade cooperation and the co-building of the Belt and Road.
        China's economy maintained its recovery streak in July, despite challenges posed by the resurgence of COVID-19, extreme weather and external uncertainties.
        While imposing strict measures including mass testing and widespread travel restrictions to contain the latest Delta variant outbreak, China, the world's second-largest economy, has continued to drive economic growth.
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