From January to July, a total of 8,990 China-Europe freight trains were operated accumulatively, delivering 869,000 TEUs, up 3 percent and 4 percent year-on-year, respectively, according to data from China Railway.

Non-cash payments, involving bank cards, electronic payment vehicles, commercial papers, credit transfers and other settlements, stood at 1,149.85 trillion yuan ($170 trillion) in Q1

The province is now aiming to double the added value of its digital economy and the added value of its core industries to more than 7 trillion yuan and 1.6 trillion yuan, respectively, by 2027.

Disorderly expansion of major platform enterprises in the financial sector has been effectively curbed, according to the central bank.

The Caixin China General Services Purchasing Managers' Index came in at 55.5 in July.

The inversion of medium and long-term deposit rates has revealed banks' wish to reduce the cost of liabilities.

Infrastructure investment, including green investment, will be the key driver of recovery in the second half.

The 2022 China International Fair for Trade in Services will be held in Beijing from Aug 31 to Sept 5, Beijing Daily reported on Aug. 1.

It has increased financial support for key sectors such as new generation information technology, new materials, new energy, equipment manufacturing, and medical devices and medicine.

The cap on such deposits is 10 billion yuan ($1.48 billion) for each bank.

The first phase of the FOF, which is valued at 5 billion yuan ($741 million), comprises investments from the Pudong government.

Over 270 Fortune 500 companies and industry-leading enterprises have confirmed their participation in the event.