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          Business
          Downward pressure on the economy may be rising due to the resurgence of local COVID-19 cases and recent heavy rains in some areas, but China remains staunchly committed to financial risk prevention as well as avoiding measures aimed just for short-term GDP growth, experts said on Wednesday.
          The discovery of a major shale oilfield in Daqing, Heilongjiang province, with predicted geological reserves of about 1.268 billion metric tons will further boost output in the country's biggest oilfield while ensuring national energy security, said experts.
          Generation Z, people born between the mid-1990s and the early 2010s, and the silver generation, those aged 65 and above, are set to become the backbone of China's next powerful consumption group, a new report said.
          STOCK INDICES
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          Dow Jones 20188.52 12.93% 16/03
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          The fifth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, focusing on economic and trade cooperation and the co-building of the Belt and Road.
          China's economy maintained its recovery streak in July, despite challenges posed by the resurgence of COVID-19, extreme weather and external uncertainties.
          While imposing strict measures including mass testing and widespread travel restrictions to contain the latest Delta variant outbreak, China, the world's second-largest economy, has continued to drive economic growth.
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