Top news of the week:

• Chinese Vice-Premier urges solid efforts to contain COVID-19 in Beijing

  June 13, 2022

  In order to contain the spread of the epidemic as soon as possible, Chinese Vice-Premier Sun Chunlan urged solid and meticulous COVID-19 prevention and control work in Beijing during an inspection of the national capital. The vice-premier also visited the city’s headquarters for COVID-19 response and held a meeting on quickening the implementation of COVID-19 control measures.

• China to promote Nansha opening-up for integrated development of the Greater Bay Area

  June 14, 2022

  An overall plan for Nansha district in Guangdong’s provincial capital Guangzhou to deepen comprehensive cooperation between Guangdong, Hong Kong and Macao has been recently issued by the State Council. The plan, which aims to build Nansha into an important carrier and strong support for Hong Kong and Macao to better integrate into overall national development, also said construction of a rule convergence mechanism and a high-quality urban development landmark would be facilitated.

• China's economic recovery gains traction in May

  June 15, 2022

  China’s economy has gradually overcome the negative impact of the latest outbreaks, with main indicators showing marginal improvement in May, according to the National Bureau of Statistics. Official data showed that China’s value-added industrial output rose 0.7 percent year on year in May, reversing the 2.9 percent decline in April, an encouraging sign that factory activity rebounded amid work resumption.

• China to craft strong policies on investment

  June 16, 2022

  China will support private investment and move forward projects that have multiple effects in its effort to spur effective investment, consumption, and employment, according to the State Council’s executive meeting chaired by Premier Li Keqiang. The meeting highlighted the need to stay committed to ensuring stable growth at the current stage, and pursue long-term goals for sustained and sound economic development.

• $84b deals shine spotlight on Shanghai

  June 17, 2022

  Shanghai municipal government is accelerating its steps to restore the economy after two months of lockdown, and the city witnessed deals worth 565.8 billion yuan ($84.4 billion) for 322 major industrial projects on Thursday. Observers said this signals a fresh vote of confidence by domestic and overseas investors in the megacity. Some 90 of the newly secured projects worth 204.9 billion yuan are in line with the city’s three strategic pillars: integrated circuits, biopharmaceuticals, and artificial intelligence.