Yangkou-Lyusi Railway on track to launch

Construction of the Yangkou-Lyusi Railway is on a steady track, heading toward scheduled completion by September, its builders said. Linking Yangkou Port and Lyusi Port in Jiangsu province, the Yangkou-Lyusi Railway is a key infrastructure project serving the Belt and Road Initiative and the development of the Yangtze River Delta region, said the builders of the railway, including Shanghai Donghua Local Railway Development Co Ltd and China Railway 24th Bureau Group Corp Ltd.

China cuts gasoline, diesel retail prices

China cut the retail prices of gasoline and diesel on Tuesday based on recent changes in international oil prices. Gasoline and diesel prices were reduced by 440 yuan ($62.51) per metric ton and 425 yuan per ton, respectively, according to the National Development and Reform Commission.