US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said.

The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 541.09 points on Tuesday, up 0.05 percent compared with the previous working day.

Profits at industrial firms declined at a slower pace in April as production and sales rebounded amid the nationwide restoration of economic activities, the National Bureau of Statistics said on Wednesday.

"As one of the first national demonstration cities for 5G, Urumqi has provided a primary ecosystem for the commercialization of the network," Yasen said.

UK's Chancellor of the Exchequer Rishi Sunak has authorized a bailout plan to rescue companies that are seen as strategically important.

Croatian PM happy with progress of Peljesac Bridge construction.

SOEs' reform will help govt focus on innovation, tech-driven growth, experts say.

Those expecting a boost in Chinese imports of iron ore as happened following the global financial crisis were disappointed.