The Office of the Commissioner of the Chinese Foreign Ministry in the Hong Kong holds a flag-raising ceremony to celebrate the 23rd anniversary of Hong Kong's return to the motherland, July 1, 2020.

The monthly growth rate for profits of industrial enterprises turned positive for the first time in May, a key economic barometer that further proved economic recovery was accelerating.

Since June 1, five rounds of heavy rainfall have hit southern China, and nearly 1.5 million square kilometers of land have seen at least 200 millimeters of accumulated precipitation.

Companies in tourism, modern services and high-tech sectors in the island province will be exempt from paying income tax for their proceeds from new outbound direct investments.

A total of three new COVID-19 cases were reported on the Chinese mainland on Tuesday, all were local transmissions, with no more deaths, according to Chinese health authorities on Wednesday.

BEIJING, July 1 (Xinhua) -- The Communist Party of China (CPC) is embracing its 99th anniversary as it leads the country's homestretch toward building a moderately prosperous society in all respects despite the impact of COVID-19 and a global economic recession.

Hong Kong's status as an international financial center will not be undermined by the sanctions imposed by the United States, and China has full confidence in the special administrative region's future.

The local society of Hong Kong is diverse and the local politics is diverse. The 'one country, two systems' principle has demonstrated the political tolerance of the central government.

Photos show the night view of the bridge linking Nantong and Zhangjiagang in east China's Jiangsu Province.

In recent years, the local government is committed to ecological restoration and has transformed the barren mountain into a scenic spot to boost local tourism.