On Monday morning, China announced that 15 out of 16 districts in Shanghai had now achieved a state of "zero-COVID", or in other words, community transmission had been broken. It comes amidst a phased reopening of certain businesses commences in the city.
China's economy is expected to recover gradually as the country achieves major anti-epidemic outcomes and pro-growth policies take effects, Fu Linghui, spokesperson for the National Bureau of Statistics, said Monday (May 16).
"The right way forward for humanity is peaceful development and win-win cooperation," Chinese President Xi Jinping told the 2022 World Economic Forum (WEF) virtual session in mid-January, offering China's solutions to global challenges, including the COVID-19 pandemic.
Noting that the Chinese government and people cherish the China-UAE friendship, Xi said he believes that the China-UAE comprehensive strategic partnership will see continuous consolidation and development with joint efforts from both sides.
As of April 30, a total of 4,804 listed firms had released their annual financial reports for 2021. The financial reports showed that their total business revenue reached 66.3 trillion yuan and their net profits totaled 5.1 trillion yuan, a year-on-year increase of 19.3 percent and 19.8 percent, respectively.