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The mainland stock market is likely to move higher this month amid investors' expectations that the country's top legislature will unveil a massive stimulus package by the end of the month, experts said on Friday.
Agricultural Development Bank of China, one of the country's three policy banks, will issue up to 50 billion yuan (about $7.14 billion) worth of loans to Hubei province this year to support its epidemic response and economic recovery.
Chinese electric vehicle maker NIO Inc said it plans to establish its China headquarters in Hefei, capital of eastern China's Anhui province.
Shanghai is getting more "light at night" with an increasing number of stores and restaurants reopening, as well as employees returning to work in commercial buildings, as the coronavirus pandemic is waning in China, a research from the city's Surveying and Mapping Institute shows.
A Chinese health official on Saturday urged people to wear masks correctly and avoid travel during peak hours over coronavirus concerns in the May Day holiday.
China's service trade fell during the first quarter of the year due to the novel coronavirus epidemic, but the trade structure has kept improving with a narrowing deficit, data from the Ministry of Commerce (MOC) showed Saturday.
China-Europe freight rail service has hit a monthly record high in April as it plays a bigger role in maintaining the global supply chain amid the novel coronavirus pandemic, according to the country's top railway operator on Saturday.
Author: Producer Emilio Mendez
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