>Theme park to open in spring
Universal Beijing Resort will start trial operations next spring, and formally open to the public in May, Beijing Daily reported.
The entire project is designed to cover an area of 4 square kilometers in the Tongzhou Cultural Tourism Zone.
At present, the construction of 20 utility tunnels and 54 municipal roads is underway, said Wang Dongsheng, vice-director of the Tongzhou District Cultural Tourism Zone Management Committee.
The theme park project is divided into three phases. Upon completion of phase 1, the park is expected to receive 12 million - 15 million visitors every year.
Ride and show equipment is now being installed, Wang added.
Universal Beijing Resort was announced in 2014 and will be the largest Universal theme park in the world after its construction is completed.
Universal Studios now operates four theme parks - in Los Angeles, Orlando, Osaka and Singapore.
>Biden picks running mate
Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, making the senator from California the first woman of color on a main US party's presidential ticket.
Biden and Harris made their first joint appearance as a presidential ticket on Wednesday in his hometown of Wilmington, Del.
"I picked the right person to join me as the next vice president of the United States of America, and that's Sen. Kamala Harris," Biden said, praising her as being "smart," "tough," "experienced," and "a proven fighter for the backbone of this country - the middle class."
Harris, the daughter of a Jamaican immigrant father and an Indian immigrant mother, said she was "incredibly honored by this responsibility" of the vice presidency, and that she was "ready to work."
>US firms confident in China
Despite an unprecedented downturn in relations between the world's top two economies during the COVID-19 pandemic, US businesses are not leaving the Chinese market, where most are making profits and optimistic about future growth, the US-China Business Council said in its annual member survey on Tuesday.
The survey was conducted in late May and June among more than 100 of the council's member companies doing business in China; half of them are manufacturers, and 45% provide services.
It found that projections by the companies for the five-year business outlook in China seem bullish, with nearly 70% expressing optimism about market prospects, and 87% saying they have no plans to shift production out of China.
China was reported to be either the top or among the top five priorities for their companies' global strategy, according to 83% of respondents.
>Rail network gets boost
China aims to raise its global competitiveness in the railway sector by expanding its networks with wider coverage and higher speeds, according to the country's top railway operator.
The nation plans to build 200,000 kilometers of railway by the end of 2035, including about 70,000 km of high-speed tracks, according to the latest national railway plan, issued on Wednesday by the China State Railway Group.
With the blueprint in place, all cities with a population of more than 200,000 will be connected to the railway network by then, and those with a population of over 500,000 will be on high-speed rail lines, the company added.
The plan also said that by 2035, the country will build a travel system to limit commutes within cities to one hour. Travel times within city clusters would be limited to two hours, and between neighboring provincial capitals or city clusters to three hours.
Systems for speedy logistics will also be completed to strengthen domestic goods delivery, the company said.
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