Although some Westerners want to pin the label of “overcapacity” on China's EVs, cooperation on autonomous and connected driving between China and Germany, a major exporter of cars, has been advancing. The joint efforts are likely to have a far-reaching impact on the global EV market.

China's GDP reached 29.63 trillion yuan ($4.09 trillion) in the first quarter, up 5.3 percent year-on-year. The national economy continued its good momentum, building on a strong start to the year.

It appears easier for politicians in Washington to shift the blame onto China for the US fentanyl crisis. Perhaps because by misleading the public, they can avoid responsibility for failing to take really effective but difficult measures to combat the crisis.

The race for metals and minerals amid growing demand for green products and green technologies may erode European resistance to local production of critical minerals, but this is not going to be an easy way to revive Europe's domestic mining sector.

European governments appear to be ready to move to support their solar power manufacturers this week, but Europe's solar industry is in trouble - not just due to a lack of policy support but also because of flawed competitiveness.

Some foreign media outlets and institutions have been criticizing the Chinese economy, accusing it of a "lack of transparency in economic data." This criticism is based on a fallacy with an ideological bias, as they deliberately exaggerate and sensationalize individual cases in an attempt to influence public perception: expert

If the Philippines wants to reassure Chinese companies about investing in the country, it may need to take tangible steps to mitigate risks for Chinese investors, rather than just providing optimistic rhetoric.

Prices for gold – traditionally seen as a safe-haven asset – have been on an uptrend in the last few months, rising about 17 percent so far this year. Against such a backdrop, US Treasury securities may lose some of their safe-haven appeal if the yellow metal continues its historic rally.

With the Middle East conflict escalating following Iran's attack on Israel early on Sunday, fears are mounting that another series of destructive shockwaves will reverberate through global markets.

Last week, some international investment banks including Goldman Sachs and Morgan Stanley raised their forecasts for China's economic growth in 2024 to around 5 percent, as they believe the country's vibrant manufacturing sector led by high-tech innovation will offset the negative impact caused by a prolonged real estate market correction and other temporary difficulties.

With German Chancellor Olaf Scholz about to embark on his second official visit to China, renewed excitement has been sparked for the potential of enhanced economic and trade collaboration between China and Germany.

If Tesla's long-awaited investment in an EV facility come to fruition, it will undoubtedly be good news for India and help boost EV production. The country has set ambitions targets, aiming to become a global leader in all sectors of the EV market by 2030.

If the liquidity squeeze of the US dollar continues amid high interest rates, it may be necessary for global financial markets – particularly, foreign exchange markets – to prepare for another storm caused by a strong dollar.

Downward pressure on China's real estate market has mounted, but its spillover effects on the real economy and financial system have been greatly exaggerated by Western media outlets, which reflects the West's lack of understanding of the country and its emotional resistance against China's rise.

While Yellen again explicitly stated that the US doesn't seek to decouple from China, the tough message she conveyed during the visit inevitably raised global concerns over a potential green trade war.

Taiwan Semiconductor Manufacturing Co (TSMC) is set to receive up to $6.6 billion in direct funding under the CHIPS and Science Act to support TSMC's investment in three fabrication plants in Phoenix, Arizona. However, TSMC's renewed commitment to the US and its investment in Arizona will be a burden to the government's fiscal expenditure, resulting in a waste of taxpayer funds, unlike claims by US officials and media outlets that it will support US semiconductor production and new high-tech jobs.

With escalating Western sanctions on Russia, how China-Russia economic and trade cooperation will be affected has become a topic of concern. Against this backdrop, the Russian foreign minister's latest visit to China is being closely watched.

The rebound of South Korea's semiconductor manufacturing industry is a hint that the global chip sector may enter a new cycle of prosperity, but the cycle may be shorter than expected. Moreover, the expansion of production capacity will result in fierce market competition.

Some Western media outlets are keen to hype competition faced by Volkswagen in the China market, but this is not the whole story. The German carmaker remains by far a giant in China's car market. Despite fierce competition, China is still a key market for German enterprises.

TSMC's ambition of localizing procurement in Japan bears a strong imprint of the geopolitical drive by the US to divide the Asian and global semiconductor industry chains. If TSMC's Japanese factory keeps moving in this wrong direction of "decoupling," its sustainability will be in question.

The 7.3 magnitude earthquake that hit Taiwan has triggered Western media hype about the vulnerability of global chip supplies, a microcosm of the mounting pressure on the region's chipmaking industry to move out of the island.

The world is facing drastic changes when it comes to climate patterns, and urgently needs Chinese green-energy products to control carbon dioxide and other greenhouse gas emissions. China's high-quality and inexpensive solar panels, wind turbines and electric cars are well acclaimed by the world.

The world's gold market is experiencing an unprecedented surge as prices soar to record highs, propelled by increasing bets for US monetary easing and gold's appeal as a safe haven asset. The frenzy in safe haven assets reflects rising uncertainty in the global market and anxiety shared by investors. Such worries should by no means be underestimated.

According to International Monetary Fund (IMF) calculations based on PPP, China's economic aggregate has exceeded that of the US, and over the past two years, this lead has only continued to widen instead of narrowing.

Chinese consumer electronics giant Xiaomi held its second round of online orders for its first electric vehicle (EV), the SU7, which quickly sold out just like the first round did after its debut on Thursday.

The US government is full of ambitious plans when it comes to developing its own EV industry. Yet, when politicians tout America's economic and technological prowess, they often overlook a crucial factor, that is, the low efficiency of infrastructure construction.

In the face of the widening wealth gap, the increased number of Indian billionaires suggests that as more resources and wealth are concentrated in the hands of a few, it is harder for ordinary people to share the dividends of economic development.

This year's Government Work Report stated that China will continue to focus on deepening structural reforms and shore up technological innovation to modernize the country's industrial system and develop new quality productive forces to drive sustainable economic growth.

Japan aims to develop a next-generation passenger aircraft by around 2035, with a plan to mobilize a combined 5 trillion yen ($33 billion) in public and private investment over the next 10 years, Kyodo News reported on Wednesday.

Putting all the blame on China for economic problems in the US seems like an easy way for the Biden administration to pass the buck. However, the more that people in the US blame China, the fewer are actually working on a real solution. This is why the growing US tendency to shift blame onto Chinese manufacturing is a concerning sign.

China has filed a complaint at the World Trade Organization (WTO) over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA). When reporting on China's actions, some Western media outlets made a special mention of how China is now accused of "providing subsidies to the NEV industry," too. It seems worthwhile to clarify the difference between China's support for its renewable energy sectors and discriminatory US subsidies for NEVs.

The significance of Mark Rutte's visit should not be solely focused on the chip sector, as it actually presents a unique opportunity for China and the Netherlands to enhance their mutual understanding in terms of potential economic and trade cooperation.

Ahead of Sri Lankan Prime Minister Dinesh Gunawardena's visit to China, which began on Monday and continues through Saturday, foreign media outlets have again hyped the so-called "debt trap" theory, but such an outrageous lie is not beneficial for the Sri Lankan economy.

At a time when some in Washington persist in protectionist measures, the latest partnership between CATL and Tesla is a refreshing case that exemplifies the mutual benefits stemming from technological and industrial development in both countries.

Chinese science and technology have made rapid progress and significant achievements over past decades. While supporting the high-quality development of the domestic economy and leading the continuous upgrading of industries, Chinese science and technology endeavors have also made important contributions to world technology advancement. In the future, the prospects for the development of Chinese science and technology are being viewed as even brighter than past decades, and there will be more "Chinese elements" in the progress of world scientific and technological development.

It is ironic that some Indian elites seem oblivious to the significant gap between the state of the Indian industry and their lofty EV target. Instead of addressing this disparity, they appear obsessed with the idea of excluding China from India's EV supply chain.

Amid hype by US politicians and media outlets about geopolitical tensions, Apple CEO Tim Cook has become a frequent visitor to China. He is actually in a position to attract public attention, as his visit, to some extent, mirrors the complexity of China's interactions with the world economy.

Under the current complicated backdrop of mounting US pressure on South Korea and other countries to isolate China from the global semiconductor supply chain, South Korean chipmaker SK Hynix's latest remarks deserve attention as a window to observe the growing importance of the Chinese market for global semiconductor companies.

Generative artificial intelligence (AI) is rapidly emerging and shaking up the world like few things before. Global businesses, led by big tech companies, are racing to train their AI models with vast amounts of data and carefully crafted algorithms in their urgent efforts to develop innovative tools that will transform their production or service models to outperform their competitors.

The Chinese government work report submitted on March 5 to the national legislature set an "around 5 percent" GDP growth target for 2024, and China's pursuit of new quality productive forces has become a major focus at the two sessions in early March. Global Times reporters Chen Qingqing and Bai Yunyi spoke to veteran economist Tatsuhito Tokuchi, executive board member and research fellow at Center for Industrial Development and Environmental Governance of Tsinghua University and former chairman of CITIC Securities International Co Ltd, to discuss the challenges and opportunities facing China's economy.

The rapid development of the Global South is having a significant impact on the world economic and political landscape. Propelling indigenous development and accelerating economic modernization remain crucial tasks faced by the developing countries in the Global South, so it is of great importance for the countries to strengthen exchanges and mutual learning of development ideas.

China and Australia should be good economic partners rather than political rivals, as the two countries enjoy all-round and multi-field relations, and their common interests far outweigh their differences. For the sake of peace, stability and prosperity in the vast Asia-Pacific region, the two countries ought to get on good terms.

Some US politicians have fallen to new lows by obstructing normal economic exchanges between China and the US, and now they're even going so far as to point a finger at American companies for their lawful operations in China.

As the US is attempting to regain some of the manufacturing output it transferred in recent decades to emerging countries, many companies have already chosen to settle their production facilities in Mexico, due to its lower costs.

The Western media has paid close attention to the Chinese economy as it transforms its model of growth. But, while many have been focusing on the supply side, hyping China's meteoric rise in manufacturing and the rising level of exports, less attention has been paid to the demand side.

It is not uncommon for Canada to align itself with the US on matters concerning China. However, such political posturing may not only strain economic and trade relations between China and Canada, but also jeopardize Canada's own economic interests.

The US has sought to restrict exports of semiconductor technologies and chipmaking equipment to crush China but, so far, the effect has been limited. As a result, it seems the US has begun to adjust its strategy, consulting its allies to combat China's chip exports.

While the continuous improvement of China-Australia relations has created more opportunities and possibilities for the settlement of trade disputes, accumulated problems in economic and trade areas still require joint efforts from both sides.

It is interesting that not long after Chinese customs data showed China's exports to and imports from Brazil both rose by about one-third in January and February, some Western media outlets began to eagerly attack and smear trade between the two countries, trying to create a false impression that Brazil is a victim of China's dumping of cheap goods.

Will the Chinese economy collapse because of the property problem? Western media outlets have appeared very concerned about this issue, which is affecting the world's objective and accurate view of the Chinese economy. Looking at the latest data and recent policies, we can confidently tell all those concerned about China's economy that the real estate sector may pose a problem, but it won't cause a collapse.

Germany has shown a growing interest in strengthening economic ties with Southeast Asia. It is crucial that this cooperation is based on mutual benefits and win-win outcomes, rather than being driven by political agendas that could lead to a split of supply and industrial chains connected to China.

US President Joe Biden, delivering his annual State of the Union address to Congress recently, announced that his administration wants "competition with China, not conflict." He boasted his policies for contributing to the US having the "best economy" in the world, contrasting them with what he described as the only "tough talk" on China from his predecessor. He even declared that "America is rising" under his leadership.

It has always been US' desire to persuade allies to tighten curbs on China's access to semiconductor technology, but South Korean policymakers must be clear-minded that every step taken by Seoul to back down will result in catastrophic economic losses for South Korean semiconductor makers.

At a time when the global electric vehicle (EV) industry is likely to be taken by the protectionism storm, it is encouraging to see someone from the European auto industry to speak out for the necessity of competition for the development of the EV industry.

As the global economy faces many uncertainties, China's stable foreign trade provides important support for the stability of the world economy. More importantly, in contrast to certain countries' anti-globalization behavior, China steadfastly promotes free trade and high-level opening-up

High-quality development is the first and foremost task of building China into a modern socialist country in all respects, while developing new quality productive forces is an intrinsic requirement and a significant focus of promoting high-quality development in China.

US unions appear to be seeking measures to help the American shipbuilding industry and its workers, but they are actually deceiving themselves in targeting China. This only reflects their anxiety over the lack of a solution to boost domestic manufacturing.

A recent theory claiming that a surge in China's exports has put "jobs around the world in jeopardy" reached its culmination after official data revealed that China's exports, measured in yuan terms, rose 10.3 percent year-on-year in January and February. Regardless of whether or not China's exports increase, Western media outlets can always find ways to smear China's economy. It seems they have largely lost the ability to objectively assess China's economic performance.

To accomplish Basic Law Article 23 legislation as soon as possible is the top priority of the Hong Kong Special Administrative Region (HKSAR). Experiences from Western countries and neighboring regions showed that the implementation of legislation to maintain national security can help attract more investment and boost business activity and economic growth.

Regardless of the Philippines' real intentions behind its plans to invite external forces into energy exploration in the South China Sea, the prerequisite is that it cannot harm China's interests.

Some Indians may truly believe that trade protectionism can help accelerate the localization of smartphone manufacturing in the country, but those people are going to be deeply disappointed by the result.

Saudi Aramco Chief Executive Amin Nasser was quoted as saying on Sunday that the oil giant was looking at further opportunities to invest in China, underscoring the attractiveness of the Chinese market.

With China and Australia making significant efforts to repair their relations, the warming-up of bilateral economic and trade ties is expected to lead to the settlement of more trade disputes, which is hard-earned and needs to be cherished by both sides.

China's central government has unveiled this year's GDP growth target, at about 5 percent, on par with last year's rate. The target has made market investors rejoice, giving them higher confidence in an across-the-board revival of China-related equities and other assets in the coming months. As expected, the country's A-share market has held on to strong gains in the past two weeks of robust trading.

Why shouldn't people trust The Wall Street Journal (WSJ) reports on China's economy? Because if they do, then they are likely to fall into a cognitive trap that often leads to wrong judgment, missing out on the opportunity to benefit from China's growth dividends.

China's A-share market is again making headlines as media outlets, citing Morgan Stanley analysts, said that "global funds are returning to China stocks." It seems that what has collapsed is the "China collapse" theory, not China's stock market.

Simply measuring China's stimulus for economic growth in terms of the deficit ratio is clearly a misunderstanding of the economy. The ultimate goal of policies is to support a targeted economic transformation and effectively stabilize growth.

If EU policymakers plan to register Chinese electric vehicle (EV) imports as reported, they should think twice before taking action. Customs registration will inevitably deal a heavy blow to market confidence, and bring losses that are hard to calculate for the bloc's green transformation efforts.

The recent slump in Tesla's shares has raised concerns about its challenges, which come from both increasing market competition and American politicians' irresponsible rhetoric about Chinese electric vehicles.

Rhetoric from US officials like Blinken attempting to discredit China's investments in the PICs cannot fool anyone. The attempts by the US to interfere with the PICs' legitimate rights to freely choose to expand economic and trade cooperation with China are futile.

During China's two sessions, much attention is often paid to the country's GDP growth target. However, it is crucial to look beyond the numbers and understand the implications of new policies and measures to address economic challenges.

A root cause of why the US-launched smear campaign against the Chinese economy has become hysterical lies in the fact that only by vilifying China can the US-led West find an excuse for its unjust actions and attacks against the Chinese economy.

The US government's new policy toward China is driven by trade protectionism, offering the world further evidence of economic bullying and coercion.

TikTok is in the spotlight once again, as German Chancellor Olaf Scholz was quoted by media outlets as saying that he wants the government to open an account on the Chinese video-sharing app. It is hoped that Western economies can take this as a chance to promote positive interactions with TikTok and foster a fair, transparent and predictable environment for Chinese companies.

Foreign watchers' pessimistic views on China's economy stem from ignorance of the logic of China's economic policy formation. As the weighting of China's policy-making has shifted more toward development, the outlook for GDP growth in 2024 is promising.

The good news is that EU members blocked on Wednesday new rules requiring large companies to check if their supply chains use so-called forced labor or cause environmental damage, but it is not yet time to celebrate, as there are still many tough battles ahead.

China's efforts to improve its laws and regulations to safeguard national security will not be in conflict with its push to promote further opening-up, and an updated legal system could even play a more active role in providing a safer environment for foreign investment.

Despite the growing protectionist climate in Europe, the Chinese and European EV industry chains don't necessarily have to resort to confrontation. There is still potential to further strengthen cooperation.

US Secretary of Commerce Gina Raimondo and Ahn Duk-geun, the South Korean minister for trade, industry and energy, held a telephone conversation on Tuesday. In their conversation, Ahn expressed willingness to enhance industrial cooperation with the US and called for more support over the Inflation Reduction Act (IRA), CHIPS Act subsidies and other trade issues.

The growing US obsession with technological blockades against China may actually be a manifestation of a lack of confidence in its own development, which is why it has opted to use blockades and sanctions to maintain its technological advantages and hegemony.

#US once promoted the #spacerace, hoping to achieve its goal of establishing hegemony in this field. Now, the #US repeats its old tricks, trying to establish #chip hegemony, but its efforts are doomed to fail.

TSMC officially opened Japan's most advanced wafer fab in Kumamoto on Saturday, Taiwan media outlets reported. However, the plant, which has long been anticipated by politicians on the island of Taiwan and Japan, may find it hard to bring expected economic benefits to its parent company.

Given the rapid development of vehicles using lithium-ion batteries in China, there is increasing urgency for stricter and higher standards for the country's battery manufacturing sector.

A recent report by KOTRA, a trade facilitation body funded by the South Korean government, offers a new perspective on China's aviation industry and the C919, which is considered a symbol of China's desire to become an aviation nation. It's a much-needed wake-up call for those who hype the competition between the C919 and aircraft developed by Boeing and Airbus.

At the second anniversary of the outbreak of the Russia-Ukraine conflict, it is both disheartening and worrying for the global economy to witness the West once more intensifying sanctions against Russia and even extending them to third countries, rather than reflecting on and acknowledging the past mistakes and economic perils associated with the indiscriminate use of sanctions.

A reviving real estate sector, coupled with a rallying stock market, will strongly accelerate overall social confidence and the ordinary households' sense of wealth gain in China, which will help lift up GDP growth in 2024.

Even the most optimistic observers have to acknowledge that as the WTO's 13th Ministerial Conference (MC13) draws closer, there is still no sign of any concrete breakthrough for the WTO reforms. The MC13 is scheduled to take place next week in Abu Dhabi, United Arab Emirates.

Europe was once the world's leader in terms of the development of wind energy, but right now, some industry leaders have to resort to trade protectionism to stave off competition from China. This is the tragedy of Europe's wind power industry.

China needs to play a constructive role in talks at the World Trade Organization (WTO) to reform global trade rules on industry subsidies, or risk rivals setting their own policies at China's expense, European Trade Commissioner Valdis Dombrovskis said on Monday, Reuters reported.

With financial markets once again facing uncertainty about the Fed's rate policy, China is moving at its own pace to provide certainty for market expectations, which not only highlights the flexibility of China's monetary policy, but also reflects its ability to stabilize confidence.

It seems that the EU is cementing its leadership as the primary regulator of tech giants, but to truly uphold fair digital competition and safeguard internet users from illegal online content, it needs to eliminate ideological bias in policy decisions concerning Chinese companies like TikTok.

Chinese companies in India have reportedly agreed, under pressure from the Indian government, to outsource their manufacturing processes to Indian companies, a move that local media outlets hailed as a "big victory" for local players. However, it is likened to an "arranged marriage," and it may disrupt normal cooperation in business and trade if normal business decisions are subject to the government intervention.

When the world is grappling with climate change challenges, the possibility of a slower transition to EVs in the US doesn't bode well, as it is a sign of the dilemma for American automakers in promoting EVs.

It is not much of a surprise that Apple appears to be facing an uphill battle to reverse falling iPhone sales in China. Analysis of the manufacturing industry and supply chain may help people see Apple's performance in China from a new perspective.

China has recently moved to prop up its stock market, in an intensified bid to strengthen investor confidence and shore up domestic buying power that underpins China's overall economic rebound. A set of well-coordinated macro policy tools are necessary to backstop the market. It is of great importance for the policymakers to rectify market malpractices and overturn the negative market narrative.

While some political elites play up "de-risking" from China, German companies have obviously voted with their feet. Their direct investment in China reached a record of nearly 12 billion euros ($13 billion) in 2023, Bloomberg reported.

Despite US concerns about China's growing cooperation with Pacific Island Countries, China's stance and actions of helping those countries achieve social stability and economic development won't be affected by geopolitical interference.

Whether or not Volkswagen can withstand the new wave of Western pressure, it won't stop China from strengthening and consolidating Xinjiang's manufacturing edge for the purpose of the region's prosperity and stability.

It is not surprising that some Western observers and media outlets are once again resorting to promoting the "China threat" theory in order to exert pressure on Chinese manufacturing industries. This time, their target is China's shipbuilding sector. Vigilantly, these false accusations have the potential to disrupt the global supply chain and further harm the world's already fragile economy.

The US relentless crackdown on #China's tech industry has made the prospect of meaningful cooperation on #AI more uncertain. Rather than cutting off China's connection with cutting-edge AI technologies, what the US has done is more like isolating itself from the global technological innovation ecosystem: Chinese tech observer