Although the global price rise of commodities may peak in August, it will still take time and greater policy support for businesses in China, downstream ones in particular, to swallow the associated cost and get through tough times in their operations, economists and industrial insiders say.

Nation has intensified research projects for exploration, discovery to fulfil strategic needs

China will need to enhance research into deep earth sciences to fulfill some of the country's biggest strategic needs, from finding and utilizing underground resources to predicting and mitigating natural disasters, experts said.

Shenhai Yihao platform aims to boost nation's maritime resource development

On June 25, Shenhai Yihao, the world's first 100,000 ton deep-sea, semi-submersible oil production and storage platform, began drilling at Lingshui 17-2, an offshore gas field located 150 kilometers south of Hainan island in the South China Sea.

China remains the main driver of global demand with the consumption and service industry taking a more dominant role, Securities Times reported on Tuesday.

Measures aimed at ensuring economy operates within reasonable range

China will strive to maintain a stable monetary policy, ensure that prices remain normal and the economy operates within a reasonable range close to its potential level of output, the central bank governor said on Thursday.

BEIJING - Chinese Vice-Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-US comprehensive economic dialogue, held a video conversation with US Treasury Secretary Janet Yellen on Wednesday morning.

PARIS - Prospects for the world economy have brightened, but the recovery is likely to remain uneven and dependent on the effectiveness of public health measures and policy support, said the Organization for Economic Cooperation and Development (OECD) on Monday.

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