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The Oil Fund's move "is causing a massive price distortion between June and July", he added. WTI for July delivery was changing hands at more than a barrel on Tuesday.

The National Health Commission of China said the country now can offer 3.78 million nucleic acid tests for COVID-19 every day and had carried out 90.41 million nucleic acid tests as of June 22.

The NDRC should play its role in researching major strategies, coordinating major policies, pushing forward major projects and analyzing general trends to promote the economic and social development to deliver a good start this year, said Han.

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The Ministry of Industry and Information Technology has granted licenses to China Telecom, China Unicom and China Broadcasting Network Corp to share a spectrum for 5G indoor coverage.

The Odisha government has evacuated over 1 million people from the coastal areas to camps on higher grounds. The Indian army, navy, air force, coast guard and disaster management agencies are on stand-by.

The National Health Commission said on June 18 that evaluation of the social credit of plastic surgery institutions will be developed to boost government oversight and better protect the rights of consumers.

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The National Internet Finance Association of China launched a nationwide internet finance monitoring center, an internet finance big data center and an internet finance standard testing and certification center in Tianjin Pilot Free Trade Zone on Friday, as the major infrastructure overseeing the country's fast growing fintech companies.

The Ogilvy report identified the key drivers for Chinese enterprises' outbound expansion. They are seeking new markets for growth, to survive in spite of stiff domestic competition and to acquire advanced technologies.

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The PFTZ areas are judged by their performance last year in five sub-indices of investment facilitation, trade facilitation, financial management and service innovation, government function transformation, and legal environment, said Lin Jiang, a professor of the institute.

The NEA reported 3,455 cases until May 16 this year, almost 200 more than were reported in the same period in 2018 and far more than the 2,772 cases reported in 2017. Three people have died.