Economy
Chinese robotics company Unitree Robotics' shares have fallen steadily since its market debut. Industry experts said the shift mainly reflects a market reassessment of earlier valuations, while the sector itself remains in a development phase with long-term growth potential as technology advances and application scenarios expand.
By Zhang Weilan | 2026/8/29 18:21:02
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  • China-Kyrgyzstan economic and trade cooperation enters new stage of high-quality devt, overseas Chinese businessman says

    Economic and trade cooperation between China and Kyrgyzstan has evolved from early small-scale border trade to a period of high-quality development including infrastructure construction and new-energy investment, Li Quanjun, head of the China-Kyrgyzstan enterprises co-association in Bishkek, told the Global Times, calling for Kyrgyzstan to further relax visa restrictions for Chinese travelers to unlock huge cross-border tourism consumption potential and deepen people-to-people bonds between the two countries.

    By Ma Jingjing | 2026/8/29 17:12:41
  • CXMT sues US Defense Department over blacklist to protect business interests, firm tells GT

    China's leading memory chipmaker Changxin Memory Technologies Inc (CXMT) has filed a lawsuit against the US Defense Department over its erroneous designation of CXMT as a “military company,” with Chinese experts saying Washington's arbitrary blacklisting scheme is a politically driven move that serves tech hegemony and violates market economy rules.

    By Zhang Weilan and Tao Mingyang | 2026/8/29 14:09:39
  • China tightens rules on home presales and fund supervision, strengthens protection of homebuyers

    China on Friday moved to further reform its commercial housing sales system, aiming to expand completed-home sales in an orderly manner while tightening rules on presales and fund supervision. The policy aims to tackle pain points in the sector by reducing information asymmetry, improving market transparency, and giving homebuyers stronger protection against delivery risks, experts noted.

    By GT staff reporters | 2026/8/29 0:18:39
  • Token economy takes spotlight as China's Big Data Expo kicks off

    The China International Big Data Industry Expo 2026, a bellwether for China's data sector, kicked off on Friday in Guiyang, Southwest China's Guizhou Province, drawing more than 300 exhibitors and with key themes ranging from computing infrastructure to data supply.

    By Tu Lei and Chen Zishuai in Guizhou | 2026/8/28 22:07:46
  • China-SCO trade surges 14.9% in first seven months of 2026 as regional ties deepen: Chinese data

    Trade between China and other Shanghai Cooperation Organisation (SCO) members gathered further momentum in the first seven months of the year, reaching 2.42 trillion yuan ($360.1 billion), up 14.9 percent year-on-year, as the potential of regional economic and trade cooperation continued to unfold, latest customs data showed.

    By Global Times | 2026/8/28 21:40:56
  • How fresh dynamics, fierce competition reshape China's auto market

    China's new-energy vehicle (NEV) industry has made striking progress in recent years, changing not only the cars themselves but also how they are developed, sold, and taken to global markets. The sector is also helping set new industry standards, making NEVs one of the most visible symbols of Chinese manufacturing.

    By Xu Lijing, Xie Rongbin, Du Haitao, Gui Junsong, Wang Zheng, Shen Qian, Ge Mengchao and Feng Yingjie | 2026/8/28 21:16:54
  • CXMT H1 revenue up 873.64% year-on-year; net profit tops 77 billion yuan

    The Chinese memory-chip giant CXMT recorded revenue of 150.31 billion yuan ($22.37 billion) in the first half of the year, representing a year-on-year increase of 873.64 percent. Net profit reached 77.60 billion yuan, reversing a loss of 2.332 billion yuan in the same period of the previous year, according to its interim report released on Friday evening.

    By Global Times | 2026/8/28 20:51:48
  • Construction of second China-Mongolia cross-border railway passes 50% mark, on track for 2027 completion

    The construction of the second cross-border railway between China and Mongolia - the Ganqimaodu-Gashuunsukhait railway - has passed the halfway mark, with all 321 bridge piers completed on Friday. The railway is scheduled to complete and start operations in 2027, and is expected to handle 30 million tons of cargo transportation annually, according to media reports.

    By Global Times | 2026/8/28 20:15:47
  • China rolls out world's highest-capacity circular rail crane in major engineering breakthrough

    China on Friday rolled out the world's first 14,000-ton-class circular rail crane, the largest of its kind by lifting capacity, marking a major technological breakthrough in ultra-heavy lifting equipment designed for nuclear power, green marine engineering and large-scale wind power projects.

    By Global Times | 2026/8/28 17:43:35
  • Chinese listed IC firms post 99% jump in H1 net profits amid robust industry development: NDRC

    Chinese listed companies in the integrated circuit (IC) industry that had disclosed their earnings as of Thursday reported a 99 percent rise in first-half net profit, with an increase of 12.8 percent in revenue, according to an official from the National Development and Reform Commission (NDRC) on Friday.

    By Global Times | 2026/8/28 17:38:14
  • China's opposition to illegal unilateral sanctions is consistent and unequivocal: FM on possible US sanctions on Chinese banks over Iran ties

    In response to media reports that US President Donald Trump on Thursday suggested that Washington could impose sanctions on Chinese banks doing business with Iran, Chinese Foreign Ministry spokesperson Lin Jian told a press briefing on Friday that regarding the situation in Iran, China has consistently maintained that dialogue and negotiations are the only way to resolve the issue, and that China's opposition to illegal unilateral sanctions is consistent and unequivocal.

    By Ma Tong | 2026/8/28 17:31:25
  • China welcomes S&P's 'A+' rating, confident in maintaining strong sovereign creditworthiness: Finance Ministry

    China's Ministry of Finance (MOF) on Friday welcomed S&P Global Ratings' decision to affirm China's sovereign credit rating at "A+" with a stable outlook, saying the country has the confidence and capacity to sustain its sound development momentum, maintain strong and reliable sovereign creditworthiness and continue to gain recognition from international markets.

    By Global Times | 2026/8/28 17:05:28
  • China's top economic planner criticizes 'China squeeze' narrative peddled to preserve Western hegemony

    China's top economic planner on Friday rejected the so-called “China squeeze” narrative promoted by the US and some Western countries, saying the accusation is aimed at preserving their own hegemony and does not stand up to scrutiny. It also said China will continue to make greater contributions to global development and human progress.

    By Global Times | 2026/8/28 13:33:48
  • China requires robotics industry development to suit local conditions and avoid blind rush

    Development of the robotics industry must be tailored to local conditions and avoid blind imitation and a rushed, herd-like rush, in order to promote the steady and sustainable progress of the sector, an official from the National Development and Reform Commission (NDRC) told a press conference on Friday.

    By Global Times | 2026/8/28 12:26:59
  • EU urged to pursue dialogue, rather than protectionism, with China

    European Commission President Ursula von der Leyen told French business leaders on Thursday local time that the EU's trade deficit with China cannot be accepted as “permanent imbalance.” She said Europe must be ready to use trade defence instruments when dialogue falls short. But Chinese experts rejected that framing. Blaming China for the resulting trade gap is like blaming the tide for the hole in your boat, they said.

    By Chi Jingyi | 2026/8/28 12:04:43
  • New growth drivers power China's industrial profit surge

    China's burgeoning new growth drivers are fueling a sustained surge in industrial profits, reflecting the country's accelerating shift toward innovation-driven development.

    By Xinhua | 2026/8/28 8:17:44
  • 16th China Int'l Digital Publishing Expo held in China's Shandong

    Visitors interact with a digital screen during the 16th China International Digital Publishing Expo in Jinan, east China's Shandong Province, Aug. 27, 2026. The expo will run from Aug. 27 to 29 in Jinan, capital of east China's Shandong Province. First held in 2005, the expo is a major platform aimed at promoting the development of the digital publishing industry.

    By Xinhua | 2026/8/28 8:14:53
  • 'Dancing robot' in India shows how China's exports are reaching new markets

    A sandwich shop in Ujjain, India, recently attracted attention online after a humanoid robot arrived at its opening ceremony accompanied by security guards and danced to music in front of a crowd. A report by the Economic Times described it as a “Chinese Unitree robot.”

    By Hu Weijia | 2026/8/28 0:09:47
  • China, Poland seek to deepen trade, investment cooperation: MOFCOM

    China and Poland are seeking to further deepen bilateral trade and investment cooperation, according to China's the Ministry of Commerce (MOFCOM) on Thursday, after the 20th meeting of the China-Poland Joint Commission on Economic Cooperation was held in Beijing.

    By Global Times | 2026/8/28 0:08:19
  • Turbulent new era of AI calls for co-op rather than unilateralism

    In a new essay published on Wednesday, Bill Gates, the billionaire co-founder of Microsoft, warned that artificial intelligence (AI) is ushering in “one of the most turbulent times in human history,” which could either become “the greatest equalizer ever invented, or the worst source of injustice.”

    By Global Times | 2026/8/27 23:55:20
  • China's NEV output up 30% in July, penetration rate hits 61%

    China's production of new-energy vehicles (NEVs) rose 30 percent year-on-year in July to 1.55 million units, with a penetration rate of 61 percent, data from the China Passenger Car Association (CPCA) showed on Thursday.

    By Chu Daye | 2026/8/27 23:30:14
  • China's semiconductor profits soar 18.5‑fold in Jan‑July amid 'AI‑driven computing demand, self‑reliance push'

    Profits in China's integrated circuit industry surged 18.5-fold year-on-year in the first seven months of 2026, as the accelerated expansion of the “AI+” initiative and sustained growth in computing-power demand boosted demand for related products, pushing up prices and driving rapid profit growth in electronics industries linked to AI production and applications.

    By Zhang Yiyi and Qi Xijia | 2026/8/27 22:46:40
  • China-Switzerland FTA upgrade will scrap tariffs on more than 99% of imports: MOFCOM

    The share of zero-tariff imports in goods trade for China and Switzerland will exceed 99 percent, after the two sides recently concluded negotiations on upgrading the Free Trade Agreement (FTA), a spokesperson from China's Ministry of Commerce (MOFCOM) told a press conference on Thursday.

    By Global Times | 2026/8/27 16:59:58
  • China opposes practice of overstretching national security concept: FM on US banning foreign equipment from US energy grid

    China has always opposed the practice of overstretching the concept of national security and suppressing enterprises from other countries, Chinese foreign ministry spokesperson Lin Jian said on Thursday, responding to a question on US declaring of a "national emergency" regarding foreign-manufactured equipment in the US power grid.

    By Global Times | 2026/8/27 16:38:02
  • China-Kyrgyzstan trade hits $11.7b in Jan-July as 'new three' exports, e-commerce expand

    Under the strategic guidance of the two heads of state, China and Kyrgyzstan have maintained a steadily advancing economic and trade partnership in recent years, with bilateral cooperation delivering positive results across trade, investment and infrastructure, Huang Ling, a spokesperson for China's Ministry of Commerce (MOFCOM) said at a regular press conference on Thursday.

    By Zhang Weilan | 2026/8/27 16:34:19
  • China reserves right to take all necessary measures in response to US tariff over so-called overcapacity: MOFCOM

    The US' launch of a Section 301 probe into 16 economies, including China, on the grounds of so-called overcapacity, which politicizes economic and trade issues, is a typical act of unilateralism and protectionism, which China firmly opposes, Huang Ling, a new spokesperson for China's Ministry of Commerce (MOFCOM), said at a regular press conference on Thursday.

    By Global Times | 2026/8/27 16:23:57
  • EU split widens over 'Made in Europe' rules as expert warns protection may backfire

    Divisions are widening within the European Union (EU) over how far the bloc should go in shielding its industries from foreign competition, as France pushes for tougher "Made in Europe" requirements while Germany and other member states warn that overly protectionist measures could invite retaliation and undermine Europe's own competitiveness.

    By Ma Tong | 2026/8/27 14:43:45
  • China starts construction of first fully automated production line for chemical polymers used in offshore oilfields

    China's first fully automated production line for chemical-flooding polymers used in offshore oilfields began construction on Tuesday in the Nangang Industrial Zone in North China's Tianjin. Once completed, the project will enable large-scale domestic production of polymers, the core agent used in chemical flooding at China's offshore oilfields.

    By Global Times | 2026/8/27 14:14:52
  • US grid equipment ban a 'political show,' contradicts real industrial needs: experts

    The US latest executive order banning certain foreign-made equipment from the US power grid has been dismissed by Chinese experts as a "political show" - one that exposes a fundamental contradiction: Washington relies heavily on Chinese-made equipment to keep its aging power grid and artificial intelligence (AI) boom running, yet insists on pursuing "decoupling" for domestic political consumption, even at the cost of undermining its own infrastructure.

    By Chi Jingyi | 2026/8/27 14:05:30
  • More than 40 Chinese airports brace for Typhoon Saudel through August 31

    As many as 43 airports across China are expected to be affected by Typhoon Saudel from August 27 to 31, according to aviation information platform VariFlight on Thursday.

    By Global Times | 2026/8/27 14:01:10
  • Zhipu AI releases GLM-5.3-Flash model, powered by 100,000 domestically made chips

    Chinese AI startup Zhipu AI said that its newly launched GLM-5.3-Flash, the first native multimodal model in its GLM-5 series, is served entirely by 100,000 domestically produced chips, underscoring China's push to build large-scale AI infrastructure using homegrown semiconductors.

    By Zhang Weilan and Tao Mingyang | 2026/8/27 13:03:15
  • How full-chain innovation, new production models power the rise of Chinese car brands

    Editor's Note: China's new-energy vehicle (NEV) industry has made striking progress in recent years, changing not only the cars themselves but also how they are developed, sold, and taken to global markets. The sector is also helping set new industry standards, making NEVs one of the most visible symbols of Chinese manufacturing. As China enters the 15th Five-Year Plan period (2026-30) and moves toward its goal of basically realizing socialist modernization by 2035, a research team from People's Daily and China Automotive News examined how the country can sustain high-quality growth in the NEV sector and strengthen its competitive edge in the global market. This is the second installment of the series.

    By Xu Lijing, Xie Rongbin, Du Haitao, Gui Junsong, Wang Zheng, Shen Qian, Ge Mengchao and Feng Yingjie | 2026/8/27 12:52:17
  • China's semiconductor profits soar 18.5‑fold Jan‑July on AI‑driven computing demand, self‑reliance push: expert

    Profits made by China's integrated circuit or semiconductors industry, spanning computing and memory chips, skyrocketed 18.5 times year-on-year in the first seven months of 2026, propelled by explosive demand for artificial intelligence infrastructure and sustained construction of the computing capacity, official data from the National Bureau of Statistics (NBS) showed on Thursday.

    By Global Times | 2026/8/27 11:36:24
  • Profits of China's major industrial firms up 17.6 pct in first seven months

    Profits of China's industrial firms above designated size increased 17.6 percent year on year during the first seven months of 2026, data from the National Bureau of Statistics showed Thursday. These industrial firms with an annual main business revenue of at least 20 million yuan (about 2.95 million U.S. dollars) saw their combined profits reach 4.58 trillion yuan in the January-July period, according to the data.

    By Xinhua | 2026/8/27 11:24:24
  • Beijing ports see 15 million entry-exit trips, 20 days earlier than 2025

    The total number of entry-exit trips at Beijing ports has surpassed 15 million as of Tuesday, up 9 percent year on year and reaching the milestone 20 days earlier than in 2025, according to the Beijing General Station of Exit and Entry Frontier Inspection. Foreign arrivals at Beijing ports reached 4.88 million during the period, an increase of 31.6 percent compared with the same period last year, accounting for 32.5 percent of the total entry-exit trips. Among them, 1.86 million foreign nationals entered under visa-free or temporary entry permits, representing 74.5 percent of all inbound foreign arrivals.

    By Xinhua | 2026/8/27 11:16:51
  • Foshan blends heritage with innovation to forge new path

    Located in the heart of the Pearl River Delta, Foshan in Guangdong province is a national renowned historical and cultural city whose name dates back to the Tang Dynasty (618-907). As a key birthplace of Lingnan culture, Foshan has long served as a vibrant hub of commerce and industry. Today, it continues to embody a pioneering spirit of reform and innovation, having grown into a national recognized innovative city.

    By Song Yiran, Li Zong from the People's Daily | 2026/8/27 8:43:59
  • Reports of Tesla shutting down Shanghai data center 'false,' Tesla China tells GT

    Tesla China on Wednesday denied reports that its Shanghai data center, which was built to support the rollout of the company's Full Self-Driving (FSD) system, also known as FSD Supervised, in China, had been shut down and that the relevant team had withdrawn from the site.

    By Global Times | 2026/8/26 22:28:30
  • China achieves 1st two-way laser communication 'highway' between Earth and the moon

    China has successfully established a two-way laser link over a distance of more than 400,000 kilometers between Earth and the moon, achieving the country's first two-way high-speed laser communication in cislunar space, facilitating China's crewed lunar landings, the construction of lunar research stations, and deep-space exploration, the Science and Technology Daily reported on Wednesday.

    By Global Times | 2026/8/26 22:18:09
  • US robotics' problem is not 'Made in China,' but how America views manufacturing

    Humanoid robots are built on a complex network of suppliers, components and manufacturing capabilities built across borders. If the US seeks to build a modern robotics industry by separating itself from the global manufacturing networks that enable more efficient production, it risks limiting its own ability to scale the industry.

    By Hu Weijia | 2026/8/26 22:03:38
  • Unitree sheds over 200b yuan in first trading week as analysts see rational repricing, upbeat in long-term prospects

    Just one week after its blockbuster Shanghai's STAR Market debut, Chinese humanoid robotmaker Unitree Robotics has lost more than 200 billion yuan ($28 billion) in market value from its opening-day peak, in a rapid repricing that analysts said is bringing expectations back toward the company's current fundamentals and the commercial reality of humanoid robotics.

    By Ma Tong | 2026/8/26 21:50:10
  • China ramps up efforts to improve NEV safety, helps shape global standards

    China is ramping up efforts to advance new-energy vehicle (NEV) safety through proactive recalls, a move that has made major contributions to helping shape standards that the global industry needs, a Chinese industry representative said on Wednesday.

    By Global Times | 2026/8/26 21:30:12
  • Chinese regulators aim to accelerate integration of BCI technology with AI, expand application scenarios

    Chinese market regulators have jointly released a work plan on strengthening cross-regional quality chains for brain-computer interface (BCI) technology in the Beijing-Tianjin-Hebei Region, aiming to accelerate interdisciplinary innovation that integrates BCI technology with frontier fields such as neuroscience and artificial intelligence (AI).

    By Li Xuanmin | 2026/8/26 20:46:38
  • Tiangong Ultra resets 100m mark at 8.64s as humanoid robot games close in Beijing

    Tiangong Ultra, developed by Beijing-based X-Humanoid, won the 100-meter large-group final in 8.64 seconds at the 2nd World Humanoid Robot Games, resetting the games' own record in the process. That is faster than the best 100-meter time of over 12 seconds at the inaugural World Humanoid Robot Games last year.

    By Global Times | 2026/8/26 20:31:53
  • Southwest China's concrete bridge breaks 600-meter-long arch span, setting a world record and surpassing other bridge-building countries such as Japan

    A bridge in South China's Guangxi Zhuang Autonomous Region has shattered the world record for concrete arch bridges, with the main span jumping from 445 meters to 600 meters in one leap, surpassing achievements made by other bridge-building countries such as Japan and Croatia, Chinese news portal stdaily.com reported on Wednesday.

    By Global Times | 2026/8/26 16:22:24
  • China's first long-duration orbital platform converted from a carrier rocket completes 2-year on-orbit test mission

    The Aishenxing-1 01 orbital platform, China's first long-duration orbital platform converted from the upper stage of a commercial carrier rocket, has successfully completed its two-year on-orbit test mission, Chinese private space company Galactic Energy, which developed the platform independently, announced on Wednesday.

    By Global Times | 2026/8/26 14:57:47
  • Huawei licenses Wi-Fi patents to HP, highlighting shift in global IP licensing flows: Chinese expert

    Chinese tech giant Huawei and US‑based computer maker HP announced the signing of a multiyear global patent cross-licensing agreement, including license to HP for certain Huawei Wi-Fi patents, the Global Times learned from Huawei on Wednesday.

    By Global Times | 2026/8/26 14:29:00
  • Second auto show in a month opens in Nepal, with strong Chinese brand presence

    Nepal's 18th NADA Auto Show kicked off here on Tuesday, bringing together more than 50 vehicle brands. This is the second large-scale international auto show held in Nepal this month.

    By Xinhua | 2026/8/26 13:15:10
  • China's advantages emerge as key to multinationals' global competitiveness: commerce ministry

    China's advantages have become important drivers of multinational companies' growth in China, and also key factors that help these companies build competitiveness globally, an official said on Tuesday.

    By Xinhua | 2026/8/26 12:43:55
  • From follower to trendsetter – How China is redefining auto industry

    Editor's Note: China's new-energy vehicle (NEV) industry has made striking progress in recent years, changing not only the cars themselves but also how they are developed, sold, and taken to global markets. The sector is also helping set new industry standards, making NEVs one of the most visible symbols of Chinese manufacturing. As China enters the 15th Five-Year Plan period (2026-30) and moves toward its goal of basically realizing socialist modernization by 2035, a research team from People's Daily and China Automotive News examined how the country can sustain high-quality growth in the NEV sector and strengthen its competitive edge in the global market.

    By Xu Lijing, Xie Rongbin, Du Haitao, Gui Junsong, Wang Zheng, Shen Qian, Ge Mengchao and Feng Yingjie | 2026/8/26 12:30:46
  • Half-marathon champion robot 'Lightning' to take on record-holder 'Tiangong' in 100-meter final contest in Beijing Wednesday

    The 2nd World Humanoid Robot Games in Beijing will close on Wednesday with the 100-meter finals for both large and small group at the National Speed Skating Oval where Tiangong Ultra — which has rewritten the games' 100m mark twice since the opening day — will line up against Honor's “Lightning,” the robot that beat the human half-marathon human record in April.

    By Global Times | 2026/8/26 12:25:54
  • China eyes 6G commercial use before 2030

    China will strengthen 6G super-high-speed mobile communication technology research and development (R&D) and prepare for its commercial rollout between now and 2030, according to Chinese officials on Wednesday.

    By Chi Jingyi | 2026/8/26 11:45:20
  • Dove apologizes for video advertisement sparking outrage in China which implies infidelity in relationship

    Dove Chocolate on Tuesday issued an apology on its Sina Weibo account following widespread criticism of a short-video advertisement released during the Chinese Qixi Festival, which is known as the Valentine's Day in China.

    By Global Times | 2026/8/26 10:40:21
  • India's renewable power milestone needs closer clean energy ties with China

    India's renewable energy expansion has reached a new milestone. Indian news agency PTI reported on Tuesday that India's installed non-fossil fuel power capacity has crossed the 300-gigawatt mark, accounting for more than 54 percent of its total installed electricity generation capacity.

    By Hu Weijia | 2026/8/26 0:03:59
  • Humanoid robots take on table tennis challenge at WHRG, pushing perception and decision-making to new limits

    A humanoid robot moves quickly across the court, swings its racket, and returns the ball with control. It then adjusts its footing for the next shot, showing a level of balance and coordination increasingly reminiscent of a human player.

    By Zhang Yiyi | 2026/8/25 23:24:43
  • China's humanoid robots break records at WHRG

    The second World Humanoid Robot Games (WHRG) continued in full swing at the National Speed Skating Oval in Beijing on Tuesday. From sprinting and table tennis to the standing high jump, Chinese-made robots are setting one record after another, drawing global attention.

    By GT staff reporters | 2026/8/25 22:55:21
  • China-Kazakhstan BRI cooperation to create new growth drivers of SCO region: Kazakh scholar

    The China-proposed Belt and Road Initiative (BRI) has become one of the key drivers of practical cooperation across the SCO space. It is no coincidence that Chinese leader first proposed the initiative of the Silk Road Economic Belt, starting the process of Belt and Road cooperation. Since then, the initiative has evolved into a global platform for connectivity while significantly enhancing Kazakhstan's role as a strategic transport and logistics hub linking East and West.

    By Aliya Mussabekova | 2026/8/25 21:47:01
  • Equality principle sets SCO, BRI apart from traditional Western multilateral organizations: Russian scholar

    The China-proposed Belt and Road Initiative (BRI) and the Shanghai Cooperation Organization (SCO) share overlapping strategic missions: to reconnect the currently fragmented Eurasian landmass and to strengthen cross-continental connectivity. While the SCO provides the overarching political and institutional framework for bringing Eurasian states closer, the BRI concentrates more on concrete development projects within that framework.

    By Andrey Kortunov | 2026/8/25 21:40:42
  • China builds global gold network, boosts yuan's international role: report

    China is developing a global network of gold vaults and accelerating central bank gold purchases as part of efforts to strengthen the yuan's role in international trade and enhance the nation's economic resilience, according to a report by S&P Global Ratings on Tuesday.

    By Global Times | 2026/8/25 21:38:23
  • Expert hails China-S.Korea civil exchanges as Chinese visitors drive 21.3% surge in Jan-Jul

    A Chinese expert hailed the closer people-to-people exchanges between China and South Korea on Tuesday, as South Korea recorded an increase of 21.3 percent in foreign visitor arrivals during the first seven months this year, with the Chinese mainland topping the list. The tourism boom helps enhance mutual understanding, stimulate consumption and injects more positive, pragmatic momentum into bilateral relations, analysts said.

    By Liu Yang | 2026/8/25 21:24:10
  • US so-called 'overcapacity' tariffs can't fix productivity woes: Chinese experts

    Chinese experts on Tuesday again urged the US to recognize the basic economic reality that tariff barriers cannot solve its productivity problems and to allow US companies to share in the opportunities created by China's manufacturing development. They said the US' sizable trade deficits with multiple major trading partners should prompt Washington to recognize that the problem lies at home, rather than continue hyping up the so-called issue of Chinese “overcapacity.”

    By Chen Qingrui | 2026/8/25 20:05:27
  • Chinese automaker XPeng's robotics business raises $900 mln in first funding round

    Chinese automaker XPeng announced on Monday that its humanoid robotics business has signed equity financing agreements with investors, raising more than $900 million in its first funding round at a total company valuation of $6.3 billion.

    By GT staff reporters | 2026/8/25 19:58:50
  • Chinese lawmakers review amendments to Road Traffic Safety Law, adding special stipulations on self-driving cars

    China will propose new rules on autonomous vehicles, as national lawmakers on Tuesday began reviewing draft amendments to the country's Road Traffic Safety Law that creates a special chapter focusing on self-driving cars.

    By Global Times | 2026/8/25 18:01:53
  • Chinese private space firm delivers first complete satellite export to Southeast Asia, offering 'turnkey solution' for developing nations

    Chinese commercial space company GalaxySpace on Tuesday completed the development, launch, and on-orbit delivery of a complete satellite for Thailand's Geo-Informatics and Space Technology Development Agency (GISTDA). It marks the first time that a Chinese commercial space company has done so for a Southeast Asian country, demonstrating that Chinese private firms are now capable of providing overseas customers with integrated solutions covering satellite delivery, operations, and professional training, industry insiders said.

    By Li Xuanmin | 2026/8/25 16:32:02
  • Accounting for 97% of global shipments, China-made humanoid robots start to enter homes, factories, pharmacies

    With 373 exhibitors, over 3,000 robotic products and 311new models on display, robots came ready for real jobs, carrying out tasks like equipment inspection, goods sorting, laundry folding and pasta cooking.

    By Liu Leyi | 2026/8/25 16:24:45
  • China's advancement in tech innovation underpinned by openness, co-op, not artificial barriers: FM on World Robot Conference, WHRG drawing global attention

    China's efforts to develop new quality productive forces and advance scientific and technological innovation have always been underpinned by openness, cooperation, mutual benefit and win-win outcomes, rather than artificial barriers or closed and exclusive development, Lin Jian, spokesperson for China's Ministry of Foreign Affairs, said at a regular press conference on Tuesday.

    By Global Times | 2026/8/25 16:15:02
  • Canada's firm response to US trade pressure could boost its position, Washington draws growing pushback: expert

    Canada's firm response to the US' maximum pressure tactics in trade negotiations could actually help boost the country's position in trade talks and defend its economic interests, a Chinese expert said on Tuesday, as Canada will reportedly announce retaliatory tariffs against the US.

    By Chu Daye | 2026/8/25 14:11:46
  • World's largest-diameter underwater tunnel opens in China, passing beneath Yellow River: report

    The world's largest-diameter underwater shield tunnel has been completed and put into operation in Jinan, East China's Shandong Province, the Xinhua News Agency reported on Tuesday.

    By Global Times | 2026/8/25 11:47:47
  • BeiDou support tops 98 pct of China's H1 phone shipments as commercial adoption broadens

    More than 98 percent of the 133 million mobile phones shipped in China's domestic market in the first half (H1) of 2026 supported the BeiDou Navigation Satellite System (BDS), as this technology expands across consumer devices, transport and other industries, the Ministry of Industry and Information Technology (MIIT) said on Monday.

    By Xinhua | 2026/8/25 9:35:50
  • China, South Korea resume ICT dialogue after 8 years, eyeing cooperation in digital, other fields

    China and South Korea held the 5th strategic dialogue on information communication technologies (ICT) on Monday in Beijing, marking the resumption of the mechanism after eight years.

    By Global Times | 2026/8/24 23:21:37
  • Day 3 of World Humanoid Robot Games highlights speed, agility, stability

    The 2nd World Humanoid Robot Games (WHRG) continued in Beijing on Monday, with intense competitions across a wide range of sports – from obstacle races and gymnastics to table tennis and freestyle fighting – highlighting advances in the speed, agility, and stability of humanoid robots.

    By Zhang Yiyi and Chen Zishuai | 2026/8/24 22:51:54
  • Bringing China into America's data center debate misses real US challenge

    The debate over data center construction in the US has drawn growing attention. Lee Zeldin, administrator of the Environmental Protection Agency (EPA), warned on Sunday against banning data centers, The Hill reported. He was quoted as saying, "what we can't do is just say, well, let's not have any data centers built all across the entire country and let's just let China win."

    By Hu Weijia | 2026/8/24 22:41:51
  • GT Voice: For the prospects of robotics, industry vitality speaks louder than skepticism

    As Chinese-made humanoid robots are making spectacular performance at the 2nd World Humanoid Robot Games (WHRG), the commercial prospects of humanoid robots have become a topic of discussion among some Western media outlets.

    By Global Times | 2026/8/24 22:36:11
  • Six years on, ChiNext reform channels more capital into China's tech innovation

    Six years after China launched the registration-based IPO system on Shenzhen's ChiNext board, the reform has grown beyond an overhaul of listing procedures into an important channel for directing capital toward innovative companies, with experts expecting it to play an even greater role in supporting technological innovation and emerging industries.

    By Chen Qingrui | 2026/8/24 22:29:58
  • Vietnam approves additional $3.36b for China-linked railway, highlighting closer economic ties, connectivity: expert

    Vietnam's National Assembly on Monday approved a resolution adjusting the investment policy for the Lao Cai-Hanoi-Hai Phong railway, raising the planned investment by more than 86 trillion Vietnamese dong (about $3.36 billion), the Xinhua News Agency reported, citing local media reports.

    By Yin Yeping | 2026/8/24 22:22:09
  • Nvidia's $6b open-weight push highlights China's AI pressure, signals US rethink on open models: expert

    US chipmaker Nvidia is paying $6 billion to license the model-building technology of artificial intelligence (AI) start-up Poolside and hiring more than 100 of its engineers, to build an open-weight AI model able to compete with Chinese rivals such as DeepSeek and Moonshot AI's Kimi K3, The Wall Street Journal reported on Saturday. Chinese analysts said on Monday that the move marks a shift in a US industry that long bet on closed development, and one that China welcomes.

    By Tao Mingyang | 2026/8/24 22:18:15
  • Why did Unitree lose 100 billion yuan in market value in just three days?

    Shares of Unitree Robotics, known as “the first humanoid robot stock” in China, continued their decline on Monday. By the close of trading, the drop had narrowed to 10.31 percent, with the stock closing at 603 yuan per share.

    By Liu Yang | 2026/8/24 21:48:31
  • Chinese Industry Close-up: What fuels China's shipbuilding boom as order bookings stretch well into 2030?

    The Global Times has launched a new column titled "Chinese Industry Close-up." Focusing on the creation of a new development pattern, the column will delve deeply into vivid examples of industrial transformation and upgrading across various sectors, aiming to showcase China's innovation-driven and high-quality development. This installment focuses on China's shipbuilding boom.

    By Guo Yuandan | 2026/8/24 21:27:38
  • Foreign issuers flock to Asia-Pacific bond markets as US treasury yields rise, redirecting global financing flows

    Rising US long-term treasury yields are reshaping the global financing landscape. As dollar funding costs increase, driven by surging AI investment demand and widening government fiscal deficits, a growing number of international issuers are seeking alternatives to the US dollar.

    By Li Xundian and Li Ke | 2026/8/24 21:11:48
  • China, Indonesia agree to set more ambitious bilateral trade target, expand AI cooperation: FM on Wang Yi's visit

    China's Foreign Minister Wang Yi and his Indonesian counterpart successfully held the first meeting of the China-Indonesia Comprehensive Strategic Dialogue Mechanism, during which they spoke highly of the progress made in cooperation across various fields and agreed to deepen the alignment of development strategies and begin formulating a new five-year action plan for bilateral relations, Chinese Foreign Ministry (FM) spokesperson Lin Jian said at a regular press conference on Monday.

    By Global Times | 2026/8/24 17:51:44
  • China vows to do 'what is necessary' to safeguard rights after Bessent threatens secondary sanctions on Iran's trading partners

    China will closely watch relevant developments and do what is necessary to protect our legitimate rights and interests, Lin Jian, spokesperson from China's Foreign Ministry, told a press conference on Monday, noting that sanctions and pressure tactics do no help in resolving issues. They will only lead to escalation that serves no one's interest.

    By Liu Yang | 2026/8/24 17:04:16
  • Contributing China's wisdom to assist global AI development: People's Daily

    China will work with countries around the world to empower industrial upgrading, bridge the development gap through open cooperation, improve global governance through extensive consultation and joint contribution, and continue to contribute China's solutions to global development in the era of AI.

    By Shao Peng from the People's Daily | 2026/8/24 16:34:00
  • Xiamen disinfection firm found using deadly pesticide to clean restaurants; police investigation underway

    Local authorities in Xiamen, East China's Fujian Province have launched a full investigation and shut down a disinfection company over serious safety violations, after it was found using highly toxic pesticides to sanitize popular restaurant chains.

    By Global Times | 2026/8/24 16:04:44
  • China releases 1st full-stack MRI-based BCI solution in the world, making 'neural plasticity measurable, controllable'

    A Chinese team has recently released the world's first full-stack magnetic resonance imaging (MRI)-based brain-computer interface (BCI) solution, uMR Shenguan, which integrates the entire chain of signal acquisition, decoding, modulation, and evaluation for BCI research, development and clinical use, the Global Times learned.

    By Li Xuanmin | 2026/8/24 14:56:31
  • Robot's viral 'face-covering' sprint at 2nd World Humanoid Robot Games is 'spontaneous,' not designed by developers

    A humanoid robot that grabbed a 400-meter title at the 2nd World Humanoid Robot Games (WHRG) in Beijing while appearing to "cover its face with both hands" developed the unusual posture by itself during sprinting, its developers said, after clips of the run drew wide attention online.

    By Global Times | 2026/8/24 11:42:17
  • Chinese-founded fast-fashion retailer Shein seeks to raise $1.8 billion in Hong Kong IPO

    China's fast-fashion retailer Shein is seeking to raise HK$13.9 billion ($1.8 billion) in its IPO at the Hong Kong Stock Exchange, as the company's shares are expected to commence trading on September 1, according to a filing to the Hong Kong stock exchange on Monday.

    By Global Times | 2026/8/24 10:21:26
  • China's tech city inspires youth discussions on Asia-Pacific's green future

    Young experts and scholars from the Asia-Pacific region gathered in Shenzhen, a world-leading tech hub in south China's Guangdong Province, to explore how the green energy transition could shape the region's future and their role in this endeavor. Themed "Asia-Pacific Youth Gathering: Building a Shared Future Through Energy," the event on Friday brought together over 60 experts, scholars and journalists from 13 countries and regions for dialogue and discussion panels.

    By Xinhua | 2026/8/24 7:31:04
  • Chinese electric forklift exports boom, orders extend into Q4

    Chinese electric forklifts are riding a powerful export wave, the Global Times learned from manufacturers and exporters. Analysts attributed the export boom to surging and accelerating global demand for cost-effective, low-carbon logistics equipment inside factories.

    By Zhang Weilan and Qi Xijia | 2026/8/23 21:59:36
  • Jaishankar's message on cooperation helpful for India's industrial growth

    How many components does a car contain? The answer may be tens of thousands. Underpinning each vehicle is a fairly complicated and ripe manufacturing ecosystem. This simple fact highlights the complexity of modernizing an economy.

    By Hu Weijia | 2026/8/23 21:58:44
  • Mature component ecosystem fuels China's robotics boom

    Shanghai-based EYOU Robot sold 95,000 integrated robot joints in 2025 and expects to ship more than 1 million this year, Gu Jinghai, the company's brand director, told the Global Times at the 2026 World Robot Conference (WRC) in Beijing. The projected more-than-tenfold increase is among the most striking growth forecasts heard at this year's conference, which concluded on Sunday after drawing more than 300 exhibitors. The humanoids drew the crowds, but the parts beneath them explain why so many exist at all.

    By Tao Mingyang and Zhang Yiyi | 2026/8/23 21:52:44
  • PipeChina's Horgos station delivers 600 bcm-plus of natural gas: report

    China Oil and Gas Pipeline Network Corp (PipeChina) said that the Horgos compressor station, the first station of the second and third pipelines of China's west-to-east gas transmission project, has delivered a cumulative total of more than 600 billion cubic meters (bcm) of natural gas, providing a guarantee for the stable supply of China's domestic natural gas market and the low-carbon transformation of its energy structure, CCTV News reported over the weekend.

    By Global Times | 2026/8/23 21:50:48
  • GT Voice: Protectionism is the last thing European automakers need

    How many components does a car contain? The answer may be tens of thousands. Underpinning each vehicle is a fairly complicated and ripe manufacturing ecosystem. This simple fact highlights the complexity of modernizing an economy.

    By Global Times | 2026/8/23 21:46:35
  • Chinese chipmaker YMTC files for $4.6 billion STAR market IPO after fellow CXMT's record debut

    Chinese NAND flash memory chipmaker Yangtze Memory Technologies Co (YMTC) has taken a major step toward a public listing. The Shanghai Stock Exchange's STAR market has accepted the company's initial public offering (IPO) application, according to its official website. YMTC plans to raise 33 billion yuan ($4.6 billion) from the IPO. If successful, YMTC would rank as the third-largest IPO in STAR market history.

    By Chi Jingyi | 2026/8/23 20:26:07
  • South Korea, India eye Arctic route after China's regular service launch

    South Korea's first container ship trial voyage through the Arctic, together with reports that India plans to send its first pilot vessel along the same route next year, adds to mounting signs that major Asian trading economies are shifting from watching Arctic shipping to testing its commercial potential.

    By Ma Tong | 2026/8/23 19:48:21
  • China remains a positive contributor to and an anchor of stability for global growth: Zhong Caiwen article

    Faced with a complex and challenging external environment this year, the Chinese economy has forged ahead despite pressure, continuing to move toward dynamic, innovation-driven, and high-quality development and demonstrating strong vitality and resilience. This has not only laid a solid foundation for a strong start to the 15th Five-Year Plan (2026-30), but also injected strong momentum and valuable certainty into the world economy.

    By Zhong Caiwen | 2026/8/23 14:35:42
  • Chinese robot rallies with Olympic champion Ding Ning at 2nd World Humanoid Robot Games

    During the opening‑ceremony showcase for the second World Humanoid Robot Games, AgiBot Expedition A3 exchanged fast‑paced ping‑pong rallies with Olympic gold medalist Ding Ning in Beijing on Saturday.

    By GT staff reporters | 2026/8/23 12:36:42
  • Tesla to recall 3 million EVs in China over door-handle risk, defect in driver-attention monitoring for assisted-driving system

    US carmaker Tesla is launching a massive safety recall in China affecting up to 3 million electric vehicles, triggered primarily by risks linked to door-handles, alongside a separate defect in its driver‑attention monitoring for the assisted‑driving system.

    By Global Times | 2026/8/23 12:21:01
  • Railway authorities adjust train services as Typhoon Narra hits S. China's Guangdong

    China Railway Guangzhou Group has adjusted or suspended high-speed and conventional train services to ensure safety as Typhoon Narra , the 19th typhoon of the year, and the southwest monsoon bring torrential rains to parts of South China's Guangdong Province, the CCTV News reported on Sunday.

    By Global Times | 2026/8/23 9:26:28
  • Chinese robotics fair draws crowds as industry brews innovation

    Unitree Robotics' blockbuster IPO, the bustling World Robot Conference (WRC), and the upcoming World Humanoid Robot Games, amount to a string of high-profile events which have combined to make this week a "super week" for Chinese robotics.

    By Xinhua | 2026/8/23 7:54:17
  • China sees growth in new foreign-invested firms, high-tech FDI

    China recorded an increase in newly established foreign-invested enterprises and robust growth in foreign direct investment (FDI) in high-tech industries in the first seven months of 2026, despite a decline in overall inflows, official data showed Friday.

    By Xinhua | 2026/8/22 8:02:42
  • China's economic performance will remain within a reasonable range in H2, meet annual goals: Zhong Caiwen article

    Since the beginning of the year, under the firm leadership of the Party Central Committee with Comrade Xi Jinping at its core, all regions and departments have taken proactive steps and risen to challenges, effectively responding to various external shocks and internal difficulties while steadily promoting high-quality development. As a result, China's economic performance has shown a trajectory marked by new drivers of growth and an improved structure — achievements that are truly commendable.

    By Zhong Caiwen | 2026/8/22 2:36:08
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