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China to cut gasoline, diesel retail prices******
BEIJING, Nov. 19 (Xinhua) -- China will cut the retail prices of gasoline and diesel starting Saturday, the country's top economic planner said Friday.。
The prices of gasoline and diesel will go down by 95 yuan (about 14.88 U.S. dollars) per tonne and 90 yuan per tonne, respectively, according to the National Development and Reform Commission.。
Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per tonne and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.。
China's three biggest oil companies, namely China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation, have been asked to maintain oil production and facilitate transportation to ensure stable supplies. Enditem。
Foreign investment into China expected to surpass 1 trln yuan: MOC******
BEIJING, Oct. 22 (Xinhua) -- China is expected to attract over 1 trillion yuan of foreign investment in 2021, according to the Ministry of Commerce (MOC) on Friday.
In U.S. dollar terms, foreign investment is forecast to exceed 160 billion U.S. dollars, said MOC official Zong Changqing at a press conference.
While commending the better-than-expected foreign investment situation since the beginning of the year, Zong said that China still faces severe challenges considering the evolving COVID-19 pandemic, reconstruction of global industrial supply chains, and non-financial factors including decoupling and barrier-setting.
Zong also pointed out that a continuous and stable economic recovery, an ultra-large market, a complete industrial supporting capacity, sufficient human resources and good infrastructure will help China lure more foreign investment.
The latest survey conducted by the MOC of over 3,000 key foreign companies in China showed that 93.3 percent of these companies are optimistic for their future development.
Among the surveyed key foreign enterprises in China, 99 percent said they had no plan to reduce investment or leave the market, Zong said. Enditem
New Bond film continues to lead Chinese box office******
BEIJING, Nov. 11 (Xinhua) -- The latest James Bond film "No Time to Die" continued to lead the Chinese mainland box office on Wednesday, data from the China Movie Data Information Network showed Thursday.。
The 25th installment in the Bond franchise, also Daniel Craig's fifth and final in the role of British spy James Bond, finished the day with an earning of 6.68 million yuan (about 1.04 million U.S. dollars).。
War epic film "The Battle at Lake Changjin" came in second, generating 4.86 million yuan in revenue on Wednesday.。
It was followed by the romantic drama "The Curious Tale of Mr. Guo," which raked in about 2.12 million yuan on its sixth day of screening. Enditem。