China

BEIJING, Jan. 23 (Xinhua) -- China on Wednesday said the U.S. plan to extradite Meng Wanzhou, Huawei chief financial officer, from Canada did not comply with international law or have legitimacy.

The remarks came as Foreign Ministry spokesperson Hua Chunying reiterated China's position on the Meng Wanzhou case at a press briefing.

Hua said the U.S. request for Meng's extradition was essentially related to U.S. sanctions against Iran.

Beijing, Jan 23; PTI: China's Rocket Force, the strategic and tactical missile operator of the People's Liberation Army (PLA), has conducted a simulated intercontinental ballistic missile (ICBM) strike mission from an underground bunker against an imaginary enemy, official media here reported.

China Central Television (CCTV), which carried the news, however, did not disclose the details about the location and time of the exercise.

BEIJING, Jan. 22 (Xinhua) -- China on Tuesday urged Canada to immediately release Huawei Chief Financial Officer Meng Wanzhou and the United States to withdraw its arrest warrant for her.

Foreign Ministry spokesperson Hua Chunying made the remarks at a regular news briefing after the United States informed the Canadian government that it planned to proceed with a formal request to extradite Meng.

BEIJING, Jan. 23 (Xinhua) -- China's central bank Wednesday injected 257.5 billion yuan (37.8 billion U.S. dollars) of funds into the market via the targeted medium-term lending facility (TMLF) to maintain liquidity.

The funds have a maximum maturity of three years and an annual interest rate of 3.15 percent, 15 basis points lower than the existing medium-term lending facility (MLF), the People's Bank of China said on its website.

The TMLF tool was introduced in December 2018 to encourage loans to small and private businesses.

BEIJING, Jan. 22 (Xinhua) -- Prices of farm produce in China rose slightly in the week ending Jan. 20, according to the Ministry of Commerce.

The price index for farm produce edged up 1 percent from the previous week, while the index for production materials remained flat.

The average wholesale price of 30 types of vegetables went up 5.1 percent, compared with a 0.5 percent rise a week earlier.

The wholesale price of eggs rose 1.6 percent from the previous week. The price of beef went up 0.8 percent and lamb went up 0.1 percent.

FRANKFURT, Jan. 22 (Xinhua) -- China will become a high-income country by 2025 and the world's largest economy by 2030, Justine Yifu Lin, former senior vice president and chief economist at the World Bank, said here on Monday.

At "The Economics of China's New Era," an event hosted by the Sustainable Architecture for Finance in Europe, Lin said that "even after 40 years of extraordinary growth, China still has a huge potential for dynamic economic growth."

BEIJING, January 21. /TASS/. Beijing is calling on all sides to avoid steps that could deteriorate the situation in Syria, Chinese Foreign Ministry Spokesperson Hua Chunying told reporters on Monday commenting on an Israeli airstrike on Syria.

"China has always stated that it’s important to respect and defend Syria’s sovereignty, independence and territorial integrity. At present, political settlement of the Syrian crisis is at a key stage," the diplomat noted.

BEIJING, Jan. 21 (Xinhua) -- China's per capita disposable income stood at 28,228 yuan (4,165 U.S. dollars) in 2018, up 6.5 percent year on year in real terms, official data showed Monday.

Separately, urban and rural per capita disposable income reached 39,251 yuan and 14,617 yuan in 2018, up 5.6 percent and 6.6 percent in real terms after deducting price factors, respectively, according to the National Bureau of Statistics.

BEIJING, Jan. 21 (Xinhua) -- China's Spring Festival travel rush started Monday, unleashing the country's largest seasonal migration of people as families reunite for China's most important traditional holiday.

The travel rush began 15 days ahead of the Spring Festival, or Chinese Lunar New Year, which falls on Feb. 5 this year.

In the following 40 days, from Jan. 21 to March 1, nearly 3 billion trips are to be made via China's transport system, as people rush for family gatherings or travel around the country.

BEIJING, Jan. 20 (Xinhua) -- China's transport authorities are busy getting ready for the Spring Festival travel rush starting Monday, with 3 billion trips expected to be made.

From Jan. 21 to March 1, total trips are expected to rise 0.6 percent compared with the travel rush last year, with an 8.3-percent increase in railway trips and 12-percent hike in air trips.