Chu Daye
Reporter, Beijing
Chu Daye is a business reporter at the Global Times focusing on general topics, trade, investment and energy.
LATEST STORIES
  • West's 'overcapacity' hype aimed at checking growth of China's emerging industries: analysts

    Since the beginning of 2024, a number of Western governments and media outlets have been hyping the so-called “overcapacity” of Chinese new-energy production, claiming it as a matter of great concern for them. By spinning the “overcapacity” narrative, the West has moved to apply trade restrictive measures on Chinese-made EVs, lithium batteries, solar products, in an attempt to protect its own uncompetitive industries, Chinese industry insiders said, noting that such overt schemes are detriment to global climate control efforts.

    By Chu Daye | 2024/4/11 14:40:44
  • China's consumer prices up slightly in March, as economists call for more stimulus measures to ramp up demand

    China's consumer price index (CPI), the main gauge of inflation, rose by 0.1 percent in March year-on-year, dragged down by seasonal factors as consumer demand dropped after the Spring Festival holidays.

    By Chu Daye | 2024/4/11 12:01:12
  • Japan should be wary in chip cooperation with hegemonic US: analysts

    Japan should be wary in its semiconductor cooperation with the US, which is seeking hegemony, Chinese observers said on Wednesday. If it tries to hit China at the bidding of the US, Japan's industries risk being victimized, analysts noted.

    By Chu Daye and Qi Xijia | 2024/4/10 21:22:25
  • FSM president visits China, focuses on practical cooperation in digital economy, green development

    Federated States of Micronesia (FSM) President Wesley W. Simina is paying a visit to China with stops in South China's Guangdong Province on Saturday, visiting the manufacturing hub of Dongguan and tech hub of Shenzhen.

    By Chu Daye | 2024/4/7 21:22:27
  • Experts urge US to approach China's capacity issue objectively for positive results ahead of Yellen's upcoming visit

    US Treasury Secretary Janet Yellen will visit China from April 4 to 9 and is scheduled to discuss a number of macroeconomic and financial issues between the two countries during her meetings with top Chinese government officials. The visit is seen as a positive sign by both sides to seek consensus amid stabilizing China-US relations that have seen growing negative factors in recent months.

    By Chu Daye | 2024/4/3 13:27:01
  • China's NEV sector off to strong start in first quarter

    Leading Chinese NEV brands posted better-than-expected sales for March, highlighting the sector's competitiveness despite headwinds, analysts noted.

    By Chu Daye | 2024/4/2 23:12:29
  • EU 'should seek cooperation' with China on NEVs, not backpedaling on its climate goal: experts

    The EU should seek cooperation with China on new-energy vehicles (NEVs) so as to tap the great complementarities between the two vital trading partners, rather than taking a protectionist path, Chinese observers said on Monday, commenting on the latest development of opinions on NEVs within the EU.

    By Chu Daye | 2024/4/1 20:17:37
  • China slams reported US list on chip tool exports control targeting Chinese chipmakers

    China urges the US to immediately correct its wrongdoings and stop its illegal unilateral sanctions and long-arm jurisdiction against Chinese companies, Chinese Foreign Ministry spokesperson Lin Jian told a routine press conference on Friday, commenting on a reported list being drawn by the US commerce department barring Chinese chip factories from obtaining key tools.

    By Chu Daye | 2024/3/29 18:50:36
  • US should play a responsible role in ensuring stable, smooth new-energy supply chain: FM spokesperson

    Ensuring a stable and smooth global supply chain serves the interests of all, and is a responsibility that should be shared by all parties, including the US, a Chinese Foreign Ministry spokesperson said on Thursday, in response to comments made by US Treasury Secretary Janet Yellen on Chinese new-energy products.

    By Chu Daye | 2024/3/28 18:58:39
  • Dutch PM begins working visit to China amid chip tensions in spotlight; expansion of cooperation expected

    Prime Minister of the Netherlands Mark Rutte is on a working visit to China from Tuesday to Wednesday, at a time when the Netherlands' chip export policy has been in the spotlight. Chinese analysts pointed out that Rutte's visit is perfectly timed, as his country's largest company, the semiconductor equipment maker ASML, is seeking to expand outside the Netherlands after raising concerns about the country's business climate.

    By Xu Keyue and Chu Daye | 2024/3/26 21:03:47
  • China lodges WTO dispute complaint targeting unfair US NEV subsidies

    China has lodged a World Trade Organization (WTO) dispute complaint over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA), a Chinese Ministry of Commerce (MOFCOM) spokesperson said on Tuesday.

    By Chu Daye and Zhang Weilan | 2024/3/26 17:50:56
  • CEOs of top US chip firms flock to China, calling for cooperation, predictability

    The CEOs of some leading US semiconductor companies visited China this week to attend the China Development Forum (CDF) in Beijing, expressing their commitment to the Chinese market and willingness to pursue cooperation.

    By Chu Daye | 2024/3/25 23:22:52
  • Nation's new quality productive forces draw bullish foreign response

    As China ramps up efforts to promote new quality productive forces, a group of Chinese and foreign officials as well as institutions which participated in the China Development Forum 2024 (CDF) on Sunday expressed their optimism about its development prospects, which feature artificial intelligence (AI), new-energy vehicles (NEVs) and other emerging industries.

    By Liu Yang and Chu Daye | 2024/3/24 21:53:59
  • China, Australia can further tap economic complementarity while addressing existing trade disputes: analysts

    China and Australia can further tap their economic complementarity while addressing existing trade disputes, Chinese analysts said on Wednesday, as the visit to Australia by Chinese Foreign Minister Wang Yi signified that bilateral relations are on the right track.

    By Chu Daye | 2024/3/20 21:31:08
  • Private aerospace firms eye cluster advantage with Beijing's support

    China's efforts to build a shared sci-tech innovation infrastructure will be conducive to the development of high-tech industries such as commercial aerospace, industry experts said on Tuesday, as the Beijing municipal government races to build a “Rocket Street” with a high concentration of private aerospace companies.

    By Chu Daye | 2024/3/19 23:23:26
  • Western financial institutions eye Chinese assets; efforts by US politicians to drive investment away from China failing: analysts

    A number of the world's leading financial investors have upped the ante in their Chinese asset portfolios this week, with Chinese analysts said on Thursday that the moves highlighted efforts by the US government attempting to drive global investment away from China is not what profit-pursuing companies want and is failing in its effects.

    By Chu Daye | 2024/3/14 22:13:06
  • China, Australia make steady progress in addressing wine trade dispute

    Frequent diplomatic and trade exchanges between China and Australia are conducive to resolving lingering bilateral trade disputes, Chinese experts said on Monday, commenting on a steady pattern of recent dialogues.

    By Chu Daye | 2024/3/11 21:46:04
  • US bill forcing ownership change of TikTok another hysterical move in crackdown against Chinese companies

    As a US bill that could potentially ban the use of TikTok in the US sailed unanimously through a House Committee, Chinese experts said that the act is political gamesmanship by politicians playing the China-bashing card and yet another hysterical move in its crackdown against Chinese companies.

    By Chu Daye and Feng Fan | 2024/3/8 20:28:50
  • Private aerospace firms inspired by Government Work Report, pledge to foster new quality productive forces

    China's commercial aerospace enterprises were inspired as the Government Work Report vowed to step up the development of commercial spaceflight to foster new growth engines.

    By Tao Mingyang and Chu Daye | 2024/3/7 0:06:13
  • Strengthening cooperation with China the national consensus in Pakistan: ambassador

    China and Pakistan share a strong and enduring friendship that dates back to the 1950s, and the China-Pakistan relationship is a shining example of strong bilateral ties based on mutual respect and shared interests. The China-Pakistan Economic Corridor (CPEC) is also a flagship project under the Belt and Road Initiative (BRI) that aims to enhance connectivity and trade between the two countries. How will the CPEC develop in the next decade? How does Pakistan envision the development of ties with China? Global Times reporters Xie Wenting and Chu Daye (GT) spoke with Pakistani Ambassador to China Khalil-ur-Rahman Hashmi (Hashmi) on these and other crucial matters.

    By Xie Wenting and Chu Daye | 2024/2/27 22:37:06
  • CPEC running on fast lane

    A number of CPEC projects are making renewed progress as the China Pakistan Economic Corridor (CPEC), a flagship project under the China-proposed Belt and Road Initiative (BRI), enters its next phase, helping the country to alleviate energy shortage and empowering its economic growth.

    By Chu Daye and Xie Wenting | 2024/2/22 17:58:45
  • Nearly 40% of top economic cities eye 6% GDP growth for 2024, to play 'dragon head role' in bolstering economy

    China's first-tier economic heavyweight cities - 26 cities each with a GDP of more than 1 trillion yuan ($139.1 billion) in 2023 - have set their annual GDP targets a notch higher this year as localities conclude their local two sessions.

    By Chu Daye | 2024/2/21 22:30:56
  • Provinces kick off projects 'earlier than usual' to ramp up investment

    Some of China's economic heavyweight provinces started working on thousands of projects in the first week after the eight-day Spring Festival holidays, with an emphasis on new productive forces and broadening the channels for private investment.

    By Chu Daye | 2024/2/20 22:36:50
  • Ports, cross-border freight trains from China see record workloads during Spring Festival holidays

    Ports, trains and e-commerce depots in China's vibrant logistics links were up and running during the eight-day Chinese New Year holidays, with record work performances registered, demonstrating great supply chain resilience, even though most people in the world's second-largest economy were off work for the annual holidays.

    By Chu Daye | 2024/2/18 20:02:28
  • New Dynamics in New Year: Chinese ports get off to strong start in January

    Multiple Chinese ports reported increased throughput in January, marking a strong start for the year. As an important economic indicator, port operations showcase the robustness of China's production activity and foreign trade, and the ports play a significant role in maintaining the stability of the global supply chain, experts said.

    By Qi Xijia and Chu Daye | 2024/2/7 20:36:27
  • US fast food giants post stellar gains in strong rebuttal to Western media reports on China

    Leading US fast food companies are posting stellar gains for 2023 on par with the fast growth of 20 percent seen in the Chinese catering industry, with earnings reports serving as a strong rebuttal to smears by some Western media outlets that suggest that the Chinese economy is in trouble.

    By Chu Daye | 2024/2/7 20:22:52
  • China to improve business environment amid growing efforts to stabilize economy

    The Chinese government vowed to further improve its business environment at a State Council meeting on Friday as the country started the new year with a slew of supportive policies aimed at stabilizing market confidence and expectations.

    By Chu Daye | 2024/2/3 20:23:41
  • Pentagon's blacklisting of more Chinese firms part of concerted efforts to suppress China: analysts

    China's Foreign Ministry on Thursday slammed a move by the US Defense Department to add a dozen Chinese companies to a blacklist on the excuse of prohibiting American technologies from aiding the Chinese military. The ministry urged the US to immediately correct its discriminatory practices and provide a fair, just and non-discriminatory environment for Chinese enterprises to operate in.

    By Chu Daye | 2024/2/1 21:11:39
  • Proposed hike in US solar tariffs 'political' move

    Efforts by some US politicians to raise tariffs on Chinese solar modules are just another case of campaign politics getting in the way of normal economic cooperation between China and the US, and would hurt the interests of US consumers and the development of the US clean-energy industry, Chinese analysts warned.

    By Chu Daye | 2024/1/30 22:05:12
  • Delivery of Boeing 737 MAX to China Southern Airlines ends near 5-year freeze

    A Boeing 737 MAX flying from Seattle arrived at the Guangzhou Baiyun International Airport in South China's Guangdong Province on Saturday, flight information provider VariFlight revealed on Saturday. Information shared with the Global Times showed that the plane, operating under the number CZ5073, has joined the China Southern Airlines fleet.

    By Chu Daye and Tu Lei | 2024/1/28 20:41:49
  • Chinese oil giant CNOOC taps energy from LNG liquid-to-gas conversion, raising cold water fish

    Fish were harvested out of a marine ranch off the coast of a liquefied natural gas (LNG) receiving facility, run by Chinese oil giant CNOOC, on Thursday, in the latest example of harnessing "cold energy" generated from LNG's liquid-to-gas conversion.

    By Chu Daye | 2024/1/18 18:04:54
  • China achieves 5.2% GDP growth in 2023

    China posted a GDP growth of 5.2 percent for 2023 on Wednesday, successfully meeting last year's annual target and in line with market forecast.

    By Chu Daye | 2024/1/17 20:14:15
  • Cruise services being revived along Chinese coastal lines

    Following the successful maiden commercial voyage of the Adora Magic City, China's homegrown large cruise ship, a number of ports and cruise companies are bidding to restart the industry which had developed at record pace prior to the pandemic.

    By Chu Daye | 2024/1/16 17:55:41
  • Chinese shipyards working all-out to make vehicle-carrying vessels

    Chinese shipyards are busy producing a special type of vessel – known as a ro-ro – to match the nation's newfound strength in the emerging field of vehicle exports, industry insiders told the Global Times.

    By Chu Daye | 2024/1/14 21:07:28
  • China and Maldives to strengthen BRI cooperation, transform isle industries

    As the Belt and Road Initiative (BRI) construction has brought tangible benefits to the people of Maldives, the Chinese business community on the island nation and Chinese experts said that the next decade will see more fruitful cooperation results, thanks to elevated ties between the two countries.

    By Chu Daye | 2024/1/11 21:00:42
  • China, Australia can expand trade in emerging sectors due to development stages, complementarity: industry insiders

    Australia and China stand a decent chance to expand bilateral trade in a number of emerging sectors including new-energy products and services trade, industry insiders said at a seminar held in Beijing on Wednesday.

    By Chu Daye | 2024/1/10 22:53:40
  • Harbin, ice and snow city made famous overnight, finds new opportunities in attracting foreign investors

    Harbin, capital of Northeast China's Heilongjiang Province and a city of ice and snow, gained instant fame in China as it made hospitality a hallmark of its tourism services. City officials have been busy receiving foreign delegations in recent days. Stakeholders and experts said that the priceless popularity the city garnered could serve as a calling card in its efforts to attract foreign investors and become a gateway of opening-up to the north.

    By Chu Daye | 2024/1/9 22:02:54
  • Nvidia's reported trouble indication of recklessness of US govt's crackdown on China

    The US government is sacrificing the interests of US semiconductor companies on the altar of its China-containment strategy with its hegemonic and bullying practices that have seriously disrupted global semiconductor industry and supply chains, Chinese analysts said on Monday, over the reported trouble faced by California-based US graphics processing unit (GPU) giant Nvidia in its downgraded offerings to Chinese customers.

    By Chu Daye and Zhang Weilan | 2024/1/8 21:04:48
  • Super cow cloning makes steady progress: university

    A project involving cloned super cows to ramp up dairy output is making progress in Northwest China's Ningxia Hui Autonomous Region, a scientist with the Northwest A&F University told the Global Times on Saturday.

    By Chu Daye | 2024/1/7 19:03:56
  • Chinese investment in Thailand to maintain record high in 2024

    Chinese investment in Thailand is set to remain at a high level, reflecting a host of positive factors, after China became Thailand's largest foreign investor in 2023, Chinese and Thai analysts said on Wednesday.

    By Chu Daye | 2024/1/3 21:18:07
  • Blocking of ASML exports to China opposed, latest US crackdown to have 'limited effect'

    A recent move by the US to push the Netherlands to put fresh limitations on chipmaking machine exports to China was strongly opposed by China. Chinese experts said on Tuesday that the latest curb is more of a probing nature than one causing actual harm, as China has consolidated its position to face off the technology containment by the US.

    By Chu Daye | 2024/1/2 21:20:48
  • Aurora-seeking Chinese flock to Russian cities, with the number expected to surpass 1 million

    Despite a less-than-expected booster effect from a loosened visa policy, Chinese tourists are arriving at Russia's snow-clad cities en masse and the number is likely to surpass 1 million this year, people familiar with the situation told the Global Times on Thursday.

    By Chu Daye | 2023/12/29 0:54:16
  • Fangdong Railway, bordering Vietnam, connected to China's railway network

    The Fangdong Railway, which links Fangchenggang and Dongxing in South China's Guangxi Zhuang Autonomous Region, will become operational on Wednesday, connecting Dongxing city at the China-Vietnam border to China's national railway network, the state railway operator said on Tuesday.

    By Chu Daye | 2023/12/26 18:12:45
  • Yuan's global role enhanced as it becomes 4th most active currency

    Use of the Chinese yuan jumped to 4.61 percent of global payments in November, becoming the fourth most active currency for the first time since January 2022 and surpassing the Japanese yen, according to data from global payment services provider Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Thursday (EU time).

    By Chu Daye | 2023/12/22 12:57:30
  • China-Europe Railway Express stabilizes global supply chains amid security concerns in Red Sea

    As attacks on ships along the key Red Sea shipping route continue to affect global maritime commerce, some Chinese exporters are shifting to China-Europe Railway Express services to ensure timely delivery of their goods and avoid staggering operational costs if they navigate around the Cape of Good Hope.

    By Ma Jingjing, Yin Yeping and Chu Daye | 2023/12/21 20:55:28
  • Yearend: Bad faith tactics employed by Western media to hype 'China collapse' theory lose support among audience

    Editor's Note: Launching “cognitive warfare" against China is an important means for Western anti-China forces to attack and discredit the country in 2023. Some politicians and media outlets in the West have publicly smearing China's image by propagating narratives including "China's economy collapse theory" in an attempt to incite and provoke dissatisfaction with China. This article is one of a series looking back at China's economic work this year and reveal the intrigues of the US-led West's “cognitive warfare” targeting China.

    By Chu Daye | 2023/12/19 22:18:26
  • Key economic meeting calls for better support to foreign companies, private sector

    The Central Economic Work Conference, which has set the tone for economic policymaking in 2024, called for high-level opening-up, consolidating the overall performance of foreign trade and foreign investment, and further promoting the development of the private sector, according to a readout of the key conference following its conclusion on Tuesday.

    By Chu Daye and Qi Xijia | 2023/12/12 23:30:17
  • China's top economic meeting outlines plan to tackle challenges, boost recovery in 2024

    At a key economic conference that concluded on Tuesday, top Chinese policymakers had outlined a slew of measures to tackle various challenges facing the Chinese economy, further promote and consolidate economic recovery and ensure effective improvement in quality and reasonable growth in quantity in 2024.

    By Wang Cong, Qi Xijia and Chu Daye | 2023/12/12 23:12:03
  • Americans still haunted by inflation

    As Christmas draws near, Americans have taken to social media to complain about rising prices.

    By Chu Daye | 2023/12/11 23:23:53
  • Deflation risks to ease, China's economic outlook optimistic as more support policies land, consumption recovers further

    China's consumer prices and factory prices fell in November, mainly due to lower commodity prices. However, despite foreign media hype that saw the readings as fresh proof of the Chinese economy facing trouble, Chinese economists said the outlook remains optimistic as more support policies materialize, prompting a further consumption recovery.

    By Chu Daye | 2023/12/10 21:45:00
  • China, Singapore agree trade-pact upgrade, announce bilateral visa-free policies

    China and Singapore signed 24 memorandums of understanding on cooperation on Thursday, including a bilateral visa-free policy and the upgraded version of the China-Singapore free trade agreement (FTA), during Singaporean Deputy Prime Minister (DPM) and Minister for Finance Lawrence Wong's visit to China.

    By Liu Yang and Chu Daye | 2023/12/7 22:11:24
  • Singaporean deputy prime minister meets with top Chinese officials; visit to further expedite bilateral economic and trade ties

    The visit to China by Deputy Prime Minister (DPM) and Minister for Finance of the Republic of Singapore Lawrence Wong is set to infuse new ideas into the close partnership enjoyed by the two countries, which elevated their bilateral relations into an all-round, high-quality future-oriented partnership in March, Chinese analysts said on Wednesday.

    By Chu Daye | 2023/12/6 22:56:37
  • Securities chief vows to safeguard stable operation of capital market to aid real economy

    China will fully safeguard the stable operation of the financial market, enhance monitoring of the trading of stocks and capital flows, and build up a risk assessment and early warning system, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said in an interview with the Xinhua News Agency published on Monday.

    By Chu Daye and Ma Jingjing | 2023/12/4 22:56:19
  • Key China-Russia natural gas pipeline carries 50bcm in 4 years

    The China-Russia east-route natural gas pipeline project has transported more than 50 billion cubic meters (bcm) of natural gas in the past four years of operation, PipeChina announced over the weekend. The rising volume of natural gas being sent to China attests to deepening bilateral energy cooperation, experts said on Sunday.

    By Chu Daye and Feng Fan | 2023/12/3 21:43:44
  • Sixth CIIE concludes with record high tentative deals of $78.41b

    The Sixth China International Import Expo (CIIE), the world's biggest import fair, wraps up in Shanghai on Friday. The fair, returning in full force since the pandemic for the first time, saw tentative deals worth $78.41 signed, 6.74 percent higher than 2022's figure, demonstrating China's vital role in the international market and its unswerving determination to open up its market and share the benefits of its growth with the rest of the world, Chinese analysts said.

    By Chu Daye in Shanghai | 2023/11/10 21:40:15
  • China recognizes the importance of developing together, says Serbian official

    A Serbian official holds the China-proposed Belt and Road Initiative (BRI) in high regard, of which Serbia joined in 2015, at the ongoing 6th China International Import Expo (CIIE).

    By Chu Daye | 2023/11/10 2:19:23
  • China provides vital opportunities, market: US businesses at CIIE

    China provides great opportunities and a vast market for US enterprises, and China and the US cannot "decouple" in the economic and trade area, a number of US businesses attending the 6th China International Import Expo (CIIE) told the Global Times.

    By Zhao Juecheng, Wang Dong, Qi Xijia and Chu Daye in Shanghai and Liu Yang in Beijing | 2023/11/10 0:52:34
  • Major Australian companies at 6th CIIE 'very optimistic' about bilateral trade outlook

    Representatives of major Australian exporters participating in the 6th China International Import Expo (CIIE), the world's largest import-themed expo, expressed high hopes for bilateral trade, following Australian Prime Minister Anthony Albanese's visit to China this week. They emphasized the importance of trade with China, which features strong complementarity.

    By Zhao Juecheng and Chu Daye in Shanghai | 2023/11/9 20:41:01
  • GT Exclusive: Italy should be the gateway for China to Europe: president of the Italy China Council Foundation

    On November 4, one day before the sixth China International Import Expo (CIIE), China's first domestically built large cruise ship, christened the "Adora Magic City," was formally delivered. The ship is seen as a symbol of China-Italy cooperation. In an exclusive interview with Global Times reporter Chu Daye (GT), Mario Boselli (Boselli), president of the Italy China Council Foundation (ICCF), said Italy should be the gateway for China to Europe.

    By Chu Daye | 2023/11/8 22:54:51
  • New Zealand companies 'awed' by purchasing power on display at CIIE

    Representatives of New Zealand companies attending the 6th China International Import Expo (CIIE), the world's largest import-themed expo, are impressed by the dynamism and vitality on display as well as Chinese consumers' strong spending power.

    By Chu Daye in Shanghai | 2023/11/8 19:40:31
  • CIIE attracts an overwhelming number of customers, says CEO of New Zealand's dairy giant

    As the world reopens to in-person exhibitions after the COVID-19 pandemic, the ongoing sixth China International Import Expo (CIIE) in Shanghai has garnered over 41,000 attendees, marking a significant milestone.

    By Chu Daye | 2023/11/8 2:17:19
  • Livestreaming opens door to more Sri Lankan products: business representative

    Foreign businesspeople who eye China's huge market potential are taking advantage of the rapidly rising livestreaming and e-commerce sectors, with Chiranjaya Udumullage, president of the China Sri Lanka Association for Trade and Economic Cooperation, being one of them. Through livestreaming, Udumullage can introduce his country's local products to more Chinese consumers, he told the Global Times at the ongoing 6th China International Import Expo (CIIE) on Monday.

    By Chu Daye in Shanghai and Xiong Xinyi in Beijing | 2023/11/7 21:22:01
  • US chipmakers defy Washington's restrictions to tap into promising Chinese market at CIIE

    The 6th China International Import Expo (CIIE) is currently in full swing in Shanghai, with almost all of the world's top chip manufacturers showcasing their cutting-edge products at the fair, including those from the US. Despite Washington's restrictions on China's chip industry, these companies are determined to use this exceptional opportunity to expand their presence in the colossal market.

    By Wang Dong, Zhao Juecheng and Chu Daye in Shanghai and Song Lin in Beijing | 2023/11/7 20:57:21
  • Xi meets with Albanese in Beijing, calling PM visit 'opening future'

    "Your visit can be described as carrying on the past and opening up the future," Chinese President Xi Jinping told Australian Prime Minister Anthony Albanese in Beijing on Monday afternoon, citing the fact that this year marks the 50th anniversary of the trip by Gough Whitlam, the first Australian leader to visit China.

    By Xu Keyue and Xiong Xinyi in Beijing and Chu Daye in Shanghai | 2023/11/6 22:58:26
  • Representatives from US state of Georgia say business 'better than expected' at CIIE

    The number of intended business meetings with potential clients at the sixth China International Import Expo (CIIE), the world's biggest import fair, was more than double the expected level, a trade official from the US state of Georgia told the Global Times in an exclusive interview on Monday.

    By Chu Daye in Shanghai | 2023/11/6 21:54:02
  • Smart logistics infrastructure underpins huge shipment flows for Double 11 sales

    Chinese logistics companies are firing on all cylinders amid the ongoing Double 11 sales festival, the world's largest shopping carnival.

    By Chu Daye | 2023/11/2 20:58:20
  • French companies explore China's rural market, accelerating rural revitalization

    Promoting rural revitalization has brought great changes to China's countryside and generated new opportunities in Chinese rural market. Among the many entities involved in the drive, some French companies are jumping to the bandwagon too.

    By Chu Daye | 2023/11/2 19:35:38
  • Global companies see CIIE as gateway to Chinese market

    As preparations for the sixth China International Import Expo (CIIE) enter the final stage this week, companies and representatives attending the expo expressed their enthusiasm and confidence that the event will offer a gateway for them to explore and expand their business in China.

    By Chu Daye | 2023/11/1 22:20:05
  • CIIE's vision for shared future accords with ASML's pursuit of open cooperation: company

    China International Import Expo (CIIE)'s vision of shared future chimes with ASML's pursuit of open cooperation, the Netherlands' chip-making equipment giant's China President told the Global Times in an exclusive interview on Tuesday, as the CIIE is scheduled to open on November 5 in Shanghai.

    By Chu Daye and Zhao Juecheng | 2023/10/31 12:39:49
  • China-US economic working group holds first video meeting in 'useful move' to bring communications back to normal

    Headed by vice-ministerial level finance officials, the two sides held in-depth, frank and constructive communication over macroeconomic situation and policy of both countries and the world, bilateral economic ties and cooperation to tackle global challenges, the finance ministry said in a statement posted on its website on Tuesday.

    By Chu Daye | 2023/10/24 11:45:27
  • Colombian business keen on expanding market share in China, wooing Chinese investors: trade official

    Colombian companies hope for more market share for a wide range of agricultural products, such as beef, avocados, bananas, flowers and chocolates in the Chinese market. They also hope Chinese companies can find more investment opportunities, a Colombian trade official told the Global Times in an exclusive interview on Monday, before the Colombian president's state visit to China.

    By Chu Daye | 2023/10/24 2:05:38
  • China-ASEAN cooperation on EV is enhanced in contrast with EU protectionism

    A number of landmark cooperation deals between Chinese electric vehicle (EV) makers and their partners in ASEAN countries were announced recently, which happened as the EU turned toward protectionism with its anti-subsidy probe of Chinese EVs.

    By Chu Daye | 2023/10/11 22:15:21
  • Chinese firms in Israel launch contingency measures amid escalating tension

    Chinese companies have launched contingency measures as the tension between Israel and Palestine continues, suspending ongoing work and projects, assembling staff at safe places and stocking up on food and medical supplies while keeping an eye on how the situation develops, the Global Times learned from company sources on Tuesday.

    By Yin Yeping, Chu Daye and Zhao Juecheng | 2023/10/10 21:24:00
  • China to further open up services sector, boost role of FTZs

    China will further pursue high-level opening-up in the services sector and will shorten the negative list for investment in the country's free trade zones (FTZs). The country will also strive to roll out a negative list for cross border services trade, a vice minister of the Ministry of Commerce said on Wednesday.

    By Chu Daye | 2023/9/27 23:15:12
  • ASML maintains campus recruitment pace in China, shows its unwillingness to lose market share

    Dutch semiconductor equipment maker ASML started its 2024 campus recruitment program in China on Tuesday, with key positions related to scanners, e-beams and computational lithography.

    By Chu Daye | 2023/9/26 21:25:39
  • Xi stresses advancing new industrialization to lay strong foundation for Chinese modernization

    Chinese President Xi Jinping has stressed the importance of high-quality development in promoting new industrialization to lay a strong material and technological foundation for Chinese modernization.

    By Chu Daye | 2023/9/24 21:11:13
  • China, EU to hold economic and trade dialogue, 'litmus test' for both sides to iron out differences

    The 10th China-EU High Level Economic and Trade Dialogue will be held on September 25 in Beijing, China's Ministry of Commerce said on Thursday. Chinese observers said the restart of the vital and proven mechanism in the in-person format offers a litmus test for China and the EU to work out their differences through dialogue.

    By Chu Daye and Tao Mingyang | 2023/9/21 22:56:02
  • 19th Asian Games host city Hangzhou gets consumption boost, with gains for transportation, hotels, scenic spots, catering

    A wave of tourists and a marked rise in sporting goods orders have arrived in Hangzhou, as preparations for the 19th Asian Games enter the final phase.

    By Chu Daye and Tao Mingyang | 2023/9/20 20:54:04
  • Pulse on China's economy: China posts better-than-expected data for Aug; economic recovery reaches 'turning point'

    China on Friday posted better-than-expected economic data in August, as the world's second-largest economy continues to recover, after policymakers took a series of vigorous but targeted measures to tackle challenges and downward pressure.

    By Chu Daye | 2023/9/15 21:28:41
  • EU probe of Chinese EVs is deemed 'biased,' a protectionist move

    The anti-subsidy investigation launched by the EU into Chinese electric vehicles imports is biased, and showed a protectionist tendency, Chinese experts and industry insiders said on Wednesday.

    By Chu Daye | 2023/9/13 18:16:16
  • Plan to boost local currency settlement among SCO countries underway

    As a plan to boost national currency settlement among member countries of the Shanghai Cooperation Organisation (SCO) gained attention at the eighth Eastern Economic Forum (EEF), and the topic of de-dollarization was closely watched, Chinese observers following the meeting said that progress has been made in cutting reliance on the greenback, but the process will be a long one.

    By Chu Daye | 2023/9/12 20:59:11
  • Argentine envoy seeks more sports cooperation with China

    Argentina's Ambassador to China, Sabino Vaca Narvaja is hoping for increased cooperation between Argentina and China, with a focus on exploring opportunities in sports to enhance bilateral trade.

    By Chu Daye and Lu Wenao | 2023/9/12 1:53:00
  • Exclusive: BRI partnership to make China Argentina's top trading partner: Ambassador

    As President Alberto Fernández is scheduled to attend the third Belt and Road Forum for International Cooperation to be held in Beijing this October, Global Times reporters interviewed Argentine Ambassador to China Sabino Vaca Narvaja on the latest development of bilateral and multilateral cooperation and its implications for the world amid geopolitical challenges.

    By Chu Daye | 2023/9/11 17:57:59
  • EEF offers new venues for China-Russia cooperation

    Chinese observers and experts said that major outcomes involving China-Russia cooperation may emerge from the eighth Eastern Economic Forum (EEF), a major Russian platform for promoting global and regional cooperation. The forum kicked off on Sunday in Vladivostok, Russia.

    By Chu Daye | 2023/9/10 21:30:53
  • Argentina, China to see deepened cooperation in trade in services: ambassador

    China's commitment to deepening cooperation on services trade and digital trade with Belt and Road partner countries at the 2023 edition of the China International Fair for Trade in Services (CIFTIS) has garnered special attention from Argentina. Argentine Ambassador to China Sabino Vaca Narvaja told the Global Times on Saturday that bilateral cooperation in trade in services will deepen and lead to mutually beneficial outcomes.

    By Chu Daye and Ni Hao | 2023/9/9 22:43:55
  • Western media chanting 'China collapse' won't hinder nation's growth amid emerging economic rebound signs

    Some Western media outlets have been churning out a flurry of vociferous columns bad-mouthing and smearing the Chinese economy, with increasingly gloomy and scary headlines. However, the dire prediction about the Chinese economy is only imagination and propaganda of some Western politicians and media outlets to distract their domestic audiences from domestic issues while discouraging other countries from cooperating with China out of fear that the world's second-largest economy may become No.1, experts said.

    By Ma Jingjing and Chu Daye | 2023/9/6 20:25:16
  • 'Health Silk Road' becomes new growth point of Belt and Road cooperation: official

    Global cooperation in jointly building the Health Silk Road is becoming a new growth point for Belt and Road countries with great potential to develop, officials and experts said at the 2023 China International Fair for Trade in Services (CIFTIS) which concluded in Beijing on Wednesday.

    By Chu Daye | 2023/9/6 17:45:12
  • Decoupling rejected at services trade fair; relationship between China, rest of the world symbiotic: expert

    Foreign company executives, industry players and experts attending the 2023 China International Fair for Trade in Services (CIFTIS), the world's largest services trade fair, are saying that decoupling is bad for the global economy, and that China's relationship with the rest of the world is one that is "symbiotic." They urged joint efforts in strengthening the bonds of mutually beneficial relations, rather than weakening them.

    By Chu Daye and Chi Jingyi | 2023/9/5 23:43:21
  • Latin American countries woo Chinese investors at CIFTIS amid robust trade, economic relations

    Latin American countries are seizing opportunities at the 2023 China International Fair for Trade in Services (CIFTIS), the world's largest services trade fair, to promote win-win cooperation to add new growth drivers to the fast-developing economic and trade relationship.

    By Chu Daye | 2023/9/5 22:01:10
  • CIFTIS highlights growth potential of Chinese services industry, multiple sectors to see explosive growth in H2

    The fast-growing services sector will provide new growth impetus to China, underpinning the world's second-largest economy amid downward pressure, said industry insiders and experts while attending the 2023 China International Fair for Trade in Services (CIFTIS).

    By Chu Daye | 2023/9/4 22:45:16
  • Services trade fair demonstrates confidence, defies West's smear

    The participation by foreign companies and the large number of deals announced at the 2023 China International Fair for Trade in Services (CIFTIS), one of the world's largest services trade fairs, showcased the attractiveness of China's services sector and defied Western media hype that the Chinese economy faces a gloomy future, Chinese analysts and observers said on Sunday.

    By Chu Daye and Feng Fan | 2023/9/4 0:04:30
  • 'Massive rewinding' of trade and investment internationalization is unlikely: Italian trade official

    There will be no “massive rewinding” of trade and investment internationalization, a senior Italian trade representative said at the 2023 China International Fair for Trade in Services (CIFTIS) over the weekend in Beijing, as Italian foreign minister kicks off a visit to China.

    By Chu Daye | 2023/9/3 11:47:25
  • China vows further opening up services sector at 2023 CIFTIS, injects confidence to global services trade

    China will share the achievements of the Chinese modernization drive while making joint efforts with the rest of the world to get the global economy onto a track of sustained recovery, Chinese President Xi Jinping said at the Global Trade in Services Summit of the 2023 China International Fair for Trade in Services (CIFTIS) via video link on Saturday in Beijing.

    By Chu Daye | 2023/9/2 20:24:09
  • Chinese port operator optimistic about Colombo project

    An executive at China Merchants Port Holdings (CMPort) told the Global Times on Wednesday that the company is optimistic about the new port complex project at Sri Lanka's Colombo Port.

    By Chu Daye | 2023/8/31 1:12:08
  • Moscow-based companies eye vast potential of Chinese consumer market

    Russian companies from Moscow are eyeing the vast potential of the Chinese market by establishing more outlets in the Chinese economic hub of Shanghai, a city trade official told the Global Times on Monday.

    By Chu Daye | 2023/8/28 21:17:35
  • Beijing supports innovative SMEs as specialized board gets 50 new listings

    Fifty innovative small and medium-sized enterprises (SMEs) were listed on a specialized board for trading in Beijing on Thursday, supporting the innovative sectors of the economy as China rolls out measures to invigorate the capital market.

    By Chu Daye | 2023/8/24 20:42:12
  • Buybacks, speedy regulatory approvals 'can shore up' A-shares: analysts

    A number of A-share listed companies have in recent days announced buyback plans, a move that Chinese analysts said could help stabilize the domestic stock market, which is at its lowest point since January.

    By Chu Daye | 2023/8/23 21:21:39
  • Exhibitions to foster exchanges, boost market confidence

    ​A number of exhibitions and trade shows to be held in the second half of this year are expected to inject confidence and stability into the Chinese market, analysts said on Tuesday.

    By Chu Daye and Tao Mingyang | 2023/8/22 22:06:23
  • China's economy maintains recovery track in July, albeit at slower pace

    China's retail sales in July grew by 2.5 percent year-on-year, remaining on a recovery track but at a slower pace, official data released on Tuesday showed. Although the reading was weaker than expected, the consumption sector is set to stage a further rebound in the second half as consumer confidence improves and support policies kick in, officials and experts noted.

    By Chu Daye | 2023/8/15 22:07:17
  • China's July data show slowdown pressure amid recovery, signaling more policy support

    China on Tuesday released a batch of economic data for July, including industrial output and retail sales, which highlighted persistent downward pressure even as the Chinese economy continues on a recovery trend from the three-year COVID-19 pandemic.

    By Wang Cong, Chu Daye and Tao Mingyang | 2023/8/15 20:01:26
  • Chinese ports eye tech, efficiency to offset foreign trade downtrend

    Chinese port operators are banking on technology investment and better services to improve their efficiency against stiff headwinds in global trade, and their resilience could serve them well when conditions improve, port operators and industry insiders told the Global Times.

    By Chu Daye | 2023/8/14 21:16:36
  • Foreign firms place bigger bets on China; moves defy Western media hype of exodus

    Foreign companies are placing bigger bets on China, which is striving to improve its business environment and supply chain strength, contradicting Western media claims of a supply chain exodus.

    By Ma Jingjing and Chu Daye | 2023/8/1 20:23:02
  • Gwadar being transformed into modern hub via BRI

    With China's experience in economic development and the support from local residents, Pakistan's Gwadar region will become a prosperous city under the Belt and Road Initiative (BRI) and a window on Chinese way of modernization. It will be remembered as one of the flagship projects of the China-Pakistan Economic Corridor (CPEC), the builder of the Port of Gwadar told the Global Times.

    By Chu Daye | 2023/7/31 21:31:51
  • Confidence survey on foreign firms in China offers strong rebuttal to 'crackdown' hype

    An overwhelming number of surveyed foreign companies hold a satisfactory view of China's business environment during the second quarter, a fresh survey conducted by the China Council for the Promotion of International Trade (CCPIT) showed on Friday, confirming foreign companies' confidence and willingness to expand in the Chinese market, amid "crackdown" hypes by some foreign media outlets.

    By Chu Daye | 2023/7/28 19:36:02
  • New nuclear technology sees vast export potential

    The Linglong One, a multi-functional small modular and pressurized-water nuclear reactor (SMR), will be ready for operation in South China's Hainan Province by the end of 2025, almost five months ahead of schedule, according to its builder, as China expands its nuclear power generation capacity on the path to green development.

    By Tao Mingyang in Changjiang and Chu Daye in Beijing | 2023/7/27 22:17:12
  • Foreign envoys thumb up China's rapid railway tech progress

    Foreign envoys said that they are impressed by China's railway technology and the great achievements, commenting while on a tour to inspect infrastructure giant China Railway Group (CREC) on Tuesday.

    By Chu Daye | 2023/7/25 19:50:18
  • Central bank to introduce a data rating system, to encourage data usage and innovation

    The People's Bank of China (PBC), the central bank, plans to introduce a set of data rating system and manage data accordingly to ensure targeted and differentiated data security management amid growing global cooperation as well as competition, according to a draft proposal released by the bank on Monday.

    By Chu Daye | 2023/7/24 20:40:42
  • China's total known uranium resources increase by one-third in past decade: report

    China has added one-third of its total known uranium resources, accumulated in the past 68 years, during extensive survey and exploration work during the past 10 years, while 70 percent of the newly discovered resources are fine, extractable resources, according to an industry report published on Friday by the China Nuclear Geology, a subsidiary of Chinese nuclear giant China National Nuclear Corporation (CNNC).

    By Chu Daye and Fan Wei in Hohhot | 2023/7/21 17:14:56
  • China has capacity, confidence to realize annual growth target as nation tackles challenges with swift measures

    Officials from China's top economic planner reaffirmed the good recovery momentum of the Chinese economy on Tuesday, one day after key economic data was published on Monday, injecting a confidence booster to market entities amid the "slowdown" hype by Western media.

    By Chu Daye and Qi Xijia | 2023/7/18 21:05:25
  • World's first liquid oxygen, methane carrier rocket sent into orbit in latest achievement by Chinese private space sector

    The world's first liquid oxygen, liquid methane carrier rocket blasted off on Wednesday morning from the Jiuquan Satellite Launch Center in Northwest China's Gansu Province, taking a sample payload into orbit.

    By Chu Daye in Jiuquan and Zhang Hongpei in Beijing | 2023/7/12 9:36:36
  • China now main driving force behind global green development: attendees at AMNC

    Attendees to the World Economic Forum's 14th Annual Meeting of the New Champions (AMNC), also known as the Summer Davos forum, in North China's Tianjin have noted China's driving role in fostering the world's green transition.

    By Liu Yang and Chu Daye in Tianjin | 2023/6/30 1:05:58
  • Summer Davos showcases China's high-quality development drive

    Officials, economists and entrepreneurs attending the Summer Davos in North China's Tianjin have expressed full confidence in China being able to achieve its growth target of around 5 percent for 2023, with some putting an even higher forecast, as the global gathering of business elites acknowledged China's continued role as the driving force for the global economic recovery.

    By Chu Daye and Liu Yang in Tianjin | 2023/6/29 21:37:54
  • Davos attendee praise China's role in filling global funding gap, urging global cooperation to tackle debt woes: expert

    Officials and businessmen attending the World Economic Forum's 14th Annual Meeting of the New Champions (AMNC) in North China's Tianjin have called for enhanced global collaboration to address the thorny issues of debt and the financing gap for the emerging market economies. China has a major role to play, they noted.

    By Chu Daye and Liu Yang in Tianjin | 2023/6/28 19:55:39
  • Summer Davos welcomes guests offline after 4 years, to showcase China's potential and inject positivity into world economy

    About 1,500 participants from business, government, civil society, international organizations and academia are to gather in North China's Tianjin for the World Economic Forum's (WEF) 14th Annual Meeting of the New Champions (AMNC), also known as Summer Davos, after a three-year hiatus of the in-person event due to the COVID-19 pandemic.

    By Zhang Han, Chu Daye and Liu Yang in Tianjin | 2023/6/26 23:31:42
  • Premier Li wraps up visit to Germany, France

    Chinese Premier Li Qiang wrapped up his visit to Germany and France, his first overseas visit since taking position, and returned to Beijing on Saturday. During his trip, Li stressed that China will continue to open up and improve its business environment, and called on China and Europe to rise above differences, demonstrating the importance China attaches to the European market in an era of heightening geopolitical tensions.

    By Chu Daye | 2023/6/24 23:11:46
  • Travel companies, hotels from Moscow woo Chinese tourists, see increased inflow

    Dozens of hotels and travel agencies in Moscow are promoting their businesses in a number of Chinese cities including Beijing and Shanghai, as a Moscow tourist official said that he expected inbound tours from China to increase. The city is ramping up efforts to facilitate tourism, including the wider use of the yuan.

    By Chu Daye | 2023/6/19 23:26:43
  • Platforms including JD.com, Tmall report brisk sales for mid-year online shopping festival

    Major Chinese e-commerce platforms including JD.com and Taobao have reported brisk sales during this year's 618 mid-year promotion gala, with domestic brands, summery items and consumer electronics sales going through the roof amid a record level of subsidies.

    By Chu Daye | 2023/6/18 21:47:38
  • China and Africa head toward another decade of opportunity built on strong mutual trust and cooperation under BRI

    A decade of Belt and Road Initiative (BRI) construction that has seen ports and rail emerging across the African continent has laid down a solid foundation for the BRI to grow further over the next decade, with enhanced mutual trust being likely the most precious heritage, and the potential to tap into China-Africa economic and trade cooperation is just tremendous, Chinese business executives and experts have claimed.

    By Chu Daye | 2023/6/8 20:16:16
  • Banks cut rates on dollar deposits in market-oriented move

    Major Chinese state-owned banks lowered the caps on US dollar deposit rates this week, a market-oriented move in response to ample dollar deposits at Chinese banks and an anticipated end to US interest rate hikes, experts said.

    By Qi Xijia and Chu Daye | 2023/6/7 20:30:29
  • Chinese provinces add sea links to Belt and Road market to accelerate economic recovery

    Merchant fleets run by Chinese provinces are actively exploring Belt and Road markets through setting up more shipping routes linked with overseas ports to bank on the opportunities created by the initiative.

    By Chu Daye | 2023/5/29 18:02:45
  • Morgan Stanley given green light to set up futures firm in China, accelerating financial opening-up

    The China Securities Regulatory Commission (CSRC) has given approval for US-based Morgan Stanley to set up a futures unit in China, the watchdog announced on Friday, amid the country's accelerated opening-up of its financial sector.

    By Chu Daye and Yin Yeping | 2023/5/26 17:45:59
  • Closer energy cooperation shores up China-Central Asian partnership: analysts say

    Energy cooperation, a ballast stone for China-Central Asia cooperation for decades, is to witness accelerated growth in the coming months and years, after delivering noteworthy results that have benefited regional countries.

    By Chu Daye | 2023/5/18 22:41:01
  • Key CPC meeting stresses real economy as focus of modern industrial system

    A key meeting held Friday by the top decision-making body for China's financial affairs has called for speeding up the construction of the country's modern industrial system backed by the real economy and advancing Chinese modernization with support from high-quality development of the population.

    By Chu Daye | 2023/5/5 22:12:14
  • Deals worth $82m for Xinjiang cotton products signed at Canton Fair

    More than 100 domestic and foreign buyers have inked intended deals worth of 570 million yuan ($82.46 million) at the third phase of the 133rd China Import and Export Fair, commonly known as the Canton Fair, for cotton textile products sourced from Northwest China's Xinjiang region.

    By Chu Daye | 2023/5/2 19:32:59
  • Travel surge continues for May Day holidays as millions of tourists prepare to head home

    China's travel spree continues as the May Day holidays, the second post-pandemic holiday after the Spring Festival, entered its second half, creating online buzz and boosting expectations for the nation's economic recovery.

    By Chu Daye | 2023/5/2 16:59:09
  • News analysis: Chinese modernization will bring great benefits to the world

    A recent trip brought me to the southernmost point of the city of Guangzhou, capital of South China's Guangdong Province. Situated at the mouth of the Pearl River, surrounded by the wonders of modern China (the area is flanked on both sides by the Shenzhen-Zhongshan Link and the Shenzhen Bao'an International Airport), are gigantic warehouses built on what a few years ago was just marshland. Here, I had some thoughts about Chinese modernization and how it may look in the decades to come.

    By Chu Daye in Guangzhou | 2023/4/26 21:02:57
  • Revival of ancient port highlights China's unwavering opening-up

    Sitting at the southernmost tip of the Chinese mainland, Xuwen Port in Zhanjiang, South China's Guangdong Province was one of the starting ports for the ancient Maritime Silk Road more than 2,000 years ago. Today, the port is the world's largest passenger-cargo ro-ro terminal. Despite its crucial historical role, the port had been relatively unknown both at home and abroad – until very recently.

    By Chu Daye in Zhanjiang and Wang Cong in Beijing | 2023/4/24 21:20:19
  • Port of Guangzhou strives to serve the BRI by putting investment in infrastructure, carving out new business

    This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a platform for international cooperation that demonstrates China's vision and provides solutions for the reformation of the global governance system and other multifaceted challenges. There has been no shortage of evidence demonstrating the BRI success, a momentum that relentless Western crackdowns and smears were unable to curtail. Standing at this monumental juncture, the Global Times is publishing a series of articles to help readers understand the fruitful journey of the BRI over the last decade from multiple perspectives, and how the initiative will positively commence over the year. This is the fourth installment in the series, examining how traders, ports and producers in Port of Guangzhou, the world's fifth-largest port, have witnessed the development of BRI at the frontline.

    By Chu Daye | 2023/4/20 22:53:52
  • Ports, carriers brace for auto export wave by ordering more vessels, increasing throughout

    The world's largest trading nation already has the world's largest merchant fleet to transport its goods, but it still lacks a special type of vessel – known as a ro-ro – to match its newfound strength in the emerging field of vehicle exports, industry insiders told the Global Times.

    By Chu Daye in Guangzhou | 2023/4/19 23:06:14
  • Brazilian president visits NDB, Huawei in Shanghai, underscores cooperation under BRICS mechanism

    Brazilian President Luiz Inácio Lula da Silva started his China trip on Thursday with the first stop in Shanghai, including visits to the headquarters of the BRICS New Development Bank (NDB) and Huawei's technology development center.

    By Liu Yang and Chu Daye | 2023/4/13 23:23:14
  • Output cut by OPEC+ constitutes 'gut punch' to US hegemony, showing its irresponsible policies would 'shoot on its own foot:' observers

    The global oil price spiked on Monday as investors jotted over a surprising production cut announced by Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries (OPEC) and its non-OPEC allies, including Russia, that translates to over 1 million barrels per day (bdp).

    By Li Xuanmin and Chu Daye | 2023/4/3 21:31:38
  • Japan shooting itself in the foot by caving to US pressure on containing China: expert

    Japan's willingness to blindly follow the US as its pawn in technology containment toward China may cost it dearly, Chinese experts said on Friday.

    By Chu Daye and Shen Weiduo | 2023/3/31 20:27:06
  • E.China export hub reports pick-up in sentiment, no fear of so-called production outflows to overseas destinations such as SE Asia

    Business sentiment is picking up in Kunshan, a manufacturing hub in East China's Jiangsu Province, despite headwinds that have weighed on the city's exports.

    By Qi Xijia in Kunshan and Chu Daye in Beijing | 2023/3/30 23:17:21
  • Closer cooperation between China, Malaysia may help revive Kuala Lumpur–Singapore high-speed railway project: experts

    Closer cooperation between China and Malaysia could help boost the revival of Kuala Lumpur-Singapore high-speed rail project, Chinese experts said on Tuesday, after a senior Malaysian official said there could be further discussion with China on the project.

    By Chu Daye | 2023/3/28 18:54:11
  • China-Russia bilateral pre-2030 plan focuses on vital issues capping vast growth potential

    The Pre-2030 Development Plan on Priorities in China-Russia Economic Cooperation, a key statement issued by the two countries during the state visit of the Chinese top leader to Russia, was directed at solving bottlenecks in the cross-border flows of goods, capital and people, and should push bilateral trade to an unprecedented level, Chinese and Russian entrepreneurs said on Thursday.

    By Chu Daye | 2023/3/23 21:12:52
  • China-Russia Pre-2030 plan aims to improve trade quality

    The Pre-2030 Development Plan on Priorities in China-Russia Economic Cooperation, a key statement issued by the two countries during the state visit of the Chinese top leader to Russia, is set to further improve the quality and structure of rapidly expanding China-Russia trade and produce a regional impact, observers and industry players said on Wednesday.

    By Chu Daye | 2023/3/22 21:39:41
  • Capital city launches first China-Europe freight train

    Beijing has become one of the latest localities in China to adopt the China-Europe freight trains platform on Thursday, as localities vie to participate the China-proposed Belt and Road Initiative (BRI).

    By Chu Daye | 2023/3/16 14:05:51
  • China's focus on high-quality devt brings opportunity, vitality to the world

    China's new journey toward modernity, featuring high-quality development, will bring fresh opportunities to both the world's developed countries and developing ones, deputies and members at the ongoing two sessions have noted.

    By Wang Cong, Tu Lei and Chu Daye | 2023/3/10 21:39:53
  • Tapping vast potential of BRI in next decade a focus of two sessions

    Deputies and members at the ongoing two sessions have brought their motions and proposals on how to tap into the vast potential of the China-proposed Belt and Road Initiative (BRI), as the widely supported initiative enters its 10th year.

    By Chu Daye | 2023/3/9 20:21:57
  • Agricultural tycoon stresses need to improve 'pig chips'

    A Chinese agricultural tycoon has stressed the urgency of making further advances in livestock breeding by tapping digital technologies and biotechnologies and scaling up the agricultural value chain.

    By Chu Daye and Zhang Ni | 2023/3/8 21:43:56
  • Motions, proposals at two sessions focus on high-quality development of vital manufacturing sector

    Shares of companies involved in 6G, solar energy, shipyards, and instruments and gauges rose on Monday on Chinese stock markets, in response to the Government Work Report which put an emphasis on pooling resources to achieve breakthroughs in core technologies in manufacturing amid national efforts toward high-quality development.

    By Chu Daye | 2023/3/6 22:19:56
  • China's State Council sets 2023 deficit-to-GDP ratio at 3%, up from 2022's 2.8%

    China's deficit-to-GDP ratio is set at 3 percent for 2023, according to the Government Work Report submitted by the State Council on Sunday to the national legislature for deliberation, as China puts emphasis on expanding domestic demand as one of its key agenda for propel economic growth this year.

    By Chu Daye | 2023/3/5 14:32:33
  • CNOOC discovers another oilfield with reserves of over 100 million tons in Bohai Sea

    Chinese state-owned oil major CNOOC announced on Wednesday that it has discovered a new oilfield in the Bohai Sea, with reserves of 100 million tons.

    By Chu Daye | 2023/3/2 2:11:22
  • Cambodia seeks investors for first high-speed railway, budgeted at $4b

    Cambodia is seeking investors for its first high-speed railway, which could cost roughly $4 billion.

    By Chu Daye | 2023/2/21 22:57:07
  • NW China's Xinjiang clears another three border ports for passenger traffic

    Northwest China's Xinjiang Uygur Autonomous Region resumed passenger traffic at three of its land ports with Central Asian countries on Monday to meet the needs of people-to-people exchanges, the Xinjiang Daily reported.

    By Chu Daye and Liu Caiyu | 2023/2/20 21:42:32
  • China's US Treasury holdings fall to a 12-year low in 2022 as crackdown fuels impetus to diversify away from dollar-backed assets

    China's US Treasury holdings fell to a 12-year low in 2022, latest data showed, with China continuing to slash its holdings in December, marking the fifth straight month of cuts and leaving its holdings below $1 trillion for the eighth straight month since April last year.

    By Chu Daye | 2023/2/16 15:30:10
  • As BRI enters 10th year of development, China-Europe freight train becomes the link of prosperity for cities on Eurasian landmass

    In 2013, there were just two trains departing from Erenhot, Inner Mongolia's second-largest land port and China's largest trade hub with Mongolia. Today, 43 trade routes covered by China-Europe freight trains connect over 50 domestic cities with over 40 localities and ports in nine countries including Russia, Finland, and Germany, according to media reports.

    By Tao Mingyang in Manzhouli and Chu Daye in Beijing | 2023/2/9 21:14:32
  • Milestone for Russia's Zarubino Port as ship with 10,000 tons of corn leaves for China

    The first ship loaded with 10,000 tons of Russian corn left Russia's Zarubino Port and will arrive in the Port of Qingdao in East China's Shandong Province within days, the Global Times learned on Monday.

    By Chu Daye | 2023/2/6 20:19:57
  • China to expand registration-based IPO system across A-share market with eye on lifting direct financing ratio

    Chinese regulators announced plans to expand the registration-based IPO system across the A-share market on Wednesday, in an effort to expand the capital market and ratchet up the ratio of direct financing to meet the needs of economic development.

    By Chu Daye and Tao Mingyang | 2023/2/1 23:39:49
  • Clones of super cows born in NW China, to help avoid stranglehold in dairy industry: project leader

    Scientists with the Northwest A&F University successfully saw the births of three cloned cows with highly desired traits in Northwest China's Ningxia Hui Autonomous Region recently, marking the first successful effort by Chinese scientists to collect, restore and conserve the germplasm resource of "super cows" in China with the somatic cell nuclear transfer method and efficiently reproduce them.

    By Chu Daye | 2023/1/31 22:40:45
  • Chinese provinces, cities roll up sleeves to pursue higher GDP growth rates this year

    Localities across China pressed the start button of the Year of the Rabbit with economic meetings chaired by leading government officials, plans emphasizing new projects build-up and letters to foreign-invested companies promising further openness.

    By Chu Daye | 2023/1/29 21:02:07
  • Xinjiang's actual FDI nearly doubles in 2022, countering Western crackdown

    Foreign direct investment (FDI) in Northwest China's Xinjiang region continued to improve last year, setting a new record and proving that a certain country's long-arm jurisdiction and crackdown against the region are failing, a Chinese expert said on Saturday.

    By Chu Daye | 2023/1/28 15:51:08
  • Chilean cherry exports to China hit new high

    Chilean cherry exports to China reached a new high in the 2022-23 season, Chilean industry officials said on Wednesday, predicting “favorable” conditions for 2023.

    By Chu Daye | 2023/1/19 0:46:34
  • China's CPI way lower than other major economies in 2022: top planner

    China has effectively kept its consumer price index (CPI) at a low and steady range in contrast to the inflation seen in other major economies, the National Development and Reform Commission (NDRC) said on Thursday, expressing confidence that the nation can keep prices steady in 2023.

    By Chu Daye | 2023/1/12 20:46:22
  • Chinese economy seen as the most optimistic in 2023, survey by senior executives from China, Japan and South Korea shows

    The Chinese economy is seen as having the most optimistic outlook in 2023, a year filled with recession worries, a survey among over 270 senior executives in China, Japan, and South Korea showed.

    By Chu Daye | 2023/1/11 23:11:30
  • Experts warns hidden risks of illegally buying India-made anti-COVID drugs

    As sales of India-made anti-COVID generic drugs in China through illegal channels reportedly increased, a Chinese expert on Tuesday warned that buying and using such drugs involve risks, adding that China has more ways to expand the category of available drugs.

    By Yuan Jirong and Chu Daye | 2023/1/10 19:05:31
  • Higher coal cost expected as Mongolia wants to dial up export prices

    Mongolia's reported move to modify how its coal exports to China are priced may mean higher costs for Chinese users, and Chinese industry experts said that efforts by Mongolia to change the ecosystem of cross-border coal trade may affect the outlook for Mongolian energy export to China.

    By Chu Daye and Tao Mingyang | 2023/1/9 20:24:57
  • China gears up for Spring Festival travel rush with passenger trips expected to double

    China's 40-day Chunyun or Spring Festival travel rush, the world's largest human migration, is expected to see about 2.09 billion passenger trips made this year, up 99.5 percent from the 2022 level, as passenger volume is rapidly scaled up following the country's optimized epidemic response and amid the release of pent-up demand for travel, an official with China's Ministry of Transport (MOT) said on Friday.

    By Chu Daye | 2023/1/6 22:55:55
  • Chinese cities dole out incentives to keep migrant workers for upcoming Spring Festival holidays

    Chinese companies and some localities are taking proactive measures to cope with the labor shortage that typically occurs during the annual Spring Festival holidays, doing their part to ensure the smooth operation of global supply chains.

    By Chu Daye | 2023/1/4 21:43:20
  • Chinese ports remain globally competitive despite pandemic in 2022

    China's largest sea ports posted strong performance in 2022 braving the negative impact from the COVID-19 pandemic, with Chinese industry and trade experts saying the resilience demonstrated by China's ports are indicative of the country's strong potential in continuing to develop its vast exports sector in 2023.

    By Chu Daye | 2023/1/2 22:34:21
  • Special report: 'New infrastructure' – a pandemic priority and game changer for China's long-term economic future

    China further optimized its anti-COVID-19 measures on December 7, ushering in a new chapter in the response to the pandemic. While the lifting of restrictions boosted confidence in a rapid economic recovery, some foreign media outlets have taken every opportunity to attack China's anti-COVID measures and China's economy. To debunk such cliché “China collapse” claims, the Global Times is publishing a three-part series to illustrate how Chinese ingenuity and diligence not only keep export, investment and consumption – three pillars of the Chinese economy – resilient over the past three years but also ensure long-term development despite challenges. This is the second article focusing on how the Chinese government and private sector prioritized investment in “new infrastructure,” a game changer for the country's economic future.

    By Chu Daye | 2022/12/21 15:01:57
  • Cooperation areas between China, Saudi Arabia now beyond oil to include new-energy sectors as firms ink flurry of deals

    China and Saudi Arabia are taking energy cooperation to a higher level, from traditional oil & gas to new energy sources such as hydrogen and renewable energy, such as solar and wind.

    By Chu Daye | 2022/12/11 19:50:27
  • China, EU forging symbiotic growth, says Commerce Ministry, as Michel's visit signals bloc's shift toward pragmatism

    The EU is willing to be a reliable and predictable partner for cooperation with China, and strengthen top-level exchanges and foster cooperation through direct dialogue so the two sides could better face global challenges, President of the European Council Charles Michel said in his meeting with Chinese President Xi Jinping.

    By Chu Daye and Li Xuanmin | 2022/12/1 21:01:33
  • Chinese companies ramp up for emerging BCI technology, ready for larger market

    China's brain-computer interfaces (BCI) development has gained marked progress, according to an industry insider, as domestic firms continue to churn out products and services in the emerging field that could be worth of trillions of dollars over coming decades.

    By Chu Daye | 2022/11/28 22:27:19
  • Prominent Chinese economists predict more policy support to boost growth

    Some prominent Chinese economists have predicted that China will further step monetary policy support for the economy, after a series of recent government support measures to shore up the world's second-largest economy to ensure growth in a reasonable range.

    By Chu Daye | 2022/11/28 21:03:02
  • Standard-gauge Railway to connect Vietnam with Eurasia market via China and boost Trans-Asian railway development

    As cargo trade between China and Vietnam has witnessed a rapid growth in recent years, the decision by the two neighboring countries to speed up railway connectivity is set to bring a tremendous lift to cross border as well as transit goods trade between the duo and countries beyond, said Chinese railway experts and industry insiders.

    By Chu Daye | 2022/11/13 21:00:51
  • Russian businesses ink more deals at CIIE, as close ties boost consumer demand

    At the ongoing 5th China International Import Expo (CIIE) in Shanghai, more Chinese and Russia companies are engaging in two-way trade and investment, reflecting growing bilateral economic and trade cooperation between China and Russia.

    By Chu Daye and Zhao Juecheng in Shanghai | 2022/11/10 0:21:06
  • Top multinational pharma firms gather at CIIE, seek to make China a global innovation hub

    Banking on China's large population, swelling middle class and ageing society, the attention given to the Chinese market by global pharmaceutical companies reached a new height at the 5th China International Import Expo (CIIE) in Shanghai, with company executives telling the Global Times that they intend to grow together with the Chinese market.

    By Chu Daye in Shanghai | 2022/11/7 20:10:58
  • CIIE trade fair brings new highlights, as China shares growth opportunities with the world

    As the global economy faces the headwinds of the pandemic, anti-globalization and trade protectionism, the 5th China International Import Expo (CIIE) will build on the successes of the four previous sessions and continue to generate concrete benefits for the world's business community, Chinese experts and participants in the trade fair said.

    By Chu Daye in Shanghai | 2022/11/3 21:25:30
  • US companies' attendance at the 5th CIIE in Shanghai to lead other delegations: USCBC

    US companies' attendance at the 5th China International Import Expo (CIIE), the world's largest import trade fair to be held in Shanghai later this week, will continue to lead other delegations despite the geopolitical tensions, the US-China Business Council (USCBC) told the Global Times on Monday.

    By Chu Daye | 2022/10/31 21:15:31
  • Multi-pronged measures rolled out to support foreign investment in China

    Right after the conclusion of the 20th National Congress of the Communist Party of China, the country's top economic planner issued a package of comprehensive policy to support and improve the quality of foreign investment in China, with measures including facilitating international travel for key personnel and allowing foreign companies to raise funds on China's stock markets, a move which analysts said shows China's determination in further opening up its market and sharing its growth opportunities with the world.

    By Chu Daye and Liu Yang | 2022/10/26 0:17:27
  • Multimodal logistics paving way for future trade along China-Kyrgyzstan-Uzbekistan railway: analyst

    Using multimodal logistics to send goods from China to Kyrgyzstan and Uzbekistan will build momentum for international trade ahead of the China-Kyrgyzstan-Uzbekistan railway becoming a reality, a Chinese railway expert said on Friday.

    By Chu Daye and Zhao Juecheng | 2022/10/21 21:17:12
  • Fed reckless tightening stokes global economic recession risks, but Chinese economy may act as a stabilizer: analysts

    A new US Federal Reserve Board (Fed) survey indicates generally moderating price rises but stokes growing concerns about a recession, and Chinese analysts said that US monetary policy - including continued rate hikes - will continue to weigh on the global economic recovery.

    By Chu Daye | 2022/10/20 20:54:31
  • Major Chinese lenders extend more credit lines to support manufacturing sector, economic recovery

    Six major Chinese banks issued a combined 9.53 trillion yuan ($1.32 trillion) in loans in the first nine months of 2022, with Industrial and Commercial Bank of China (ICBC)'s outstanding loans to the manufacturing sector seeing a nearly 40-percent rise, amid a broader campaign to bolster the real economy, which has been disrupted by COVID-19 flare-ups.

    By Chu Daye | 2022/10/17 21:55:01
  • Chinese industry body urges US to rectify mistake over chip ban, as global firms face chaos

    From laying off workers to expecting hundreds of millions of dollars in losses, global chipmakers, including those in the US, are starting to bear the brunt of the chaos caused by what has been described as the “harshest” US ban on chip technology to China.

    By Chu Daye | 2022/10/13 21:42:24
  • China-Europe road transport unaffected by EU, Russian bans on trucking: traders

    Bans imposed by Russia and some European countries on trucking have not impacted road transport between China and the European continent, despite recent concerns over potential disruptions, Chinese traders and experts said on Monday.

    By Qi Xijia and Chu Daye | 2022/10/10 21:18:29
  • China's cargo rates fall to 'reasonable level,' buoying export business

    Sea freight rates in China have returned to a reasonable level after reaching record highs last year and early this year amid global inflation, the epidemic and geopolitical conflicts, data from the China Federation of Logistics and Purchasing (CFLP) showed on Friday.

    By Yin Yeping and Chu Daye | 2022/10/7 19:21:16
  • Cloud of suspicion hangs over Europe on Nord Stream leaks, risks escalating Ukraine crisis, causing greater pains for Europeans amid energy crisis

    As countries rushed to speculate causes behind unusual leaks of the Nord Stream pipelines from Russia to Europe, with some blaming Russia while others alluding to the involvement of the US and its allies, Chinese observers warned of the ripple effects on the Ukraine crisis and the global energy market.

    By Chen Qingqing, Chu Daye and Bai Yunyi | 2022/9/28 23:09:25
  • Plunging pound may cause financial system crisis in UK: experts

    The plunging pound may signal that the UK could face a financial system crisis, Chinese analysts said on Tuesday, adding that the situation will be aggravated by the ideology-based foreign policy taken by Britain's new Prime Minister Liz Truss.

    By Chu Daye | 2022/9/27 19:28:28
  • As major Chinese hubs see mixed trade performance in Jan-Aug, more support measures urged

    Major Chinese export-oriented cities are using a wide array of measures from opening up new trade routes to engaging in specific markets to shore up foreign trade amid strong economic headwinds, as trade figures released on Sunday showed a diverging trend.

    By Chu Daye | 2022/9/25 23:33:34
  • Expo in Urumqi marked by growing cross-border investment, partnership between China and Central Asian countries

    Banking on the cooperative spirit reinforced by meetings between heads of states of China and Central Asian countries, companies attending the 7th China-Eurasia Expo in Urumqi city say investment opportunities are mushrooming in Central Asia.

    By Chu Daye in Urumqi | 2022/9/22 20:15:38
  • Rising calls for increased yuan use in C.Asia amid growing risk of dollar hegemony

    Companies attending the 7th China-Eurasia Expo in Urumqi, Northwest China's Xinjiang region said the increased use of the yuan in cross-border trade in Central Asia is making business more convenient and reducing foreign exchange risks stemming from the use of the US dollar, and they called for more arrangements to allow yuan settlement in more countries.

    By Chu Daye in Urumqi | 2022/9/21 23:12:14
  • Talks emerge over a potential SCO FTZ, with NW.China's Xinjiang as hub

    A potential free trade zone (FTZ) encompassing Shanghai Cooperation Organisation (SCO) members, with Northwest China's Xinjiang region as a hub and main driver, is worthy of serious consideration, a leading Chinese scholar proposed at a parallel forum of the 7th China-Eurasia Expo on Tuesday.

    By Chu Daye in Urumqi | 2022/9/20 22:42:25
  • New western land-sea corridor gains momentum as China-ASEAN trade soars

    With the launch of a cargo train from the Port of Qinzhou in South China's Guangxi Zhuang Autonomous Region to Lhasa in Southwest China's Xizang Autonomous Region, more and more localities in China are embarking on land-sea multimodal transportation services, which offer faster connections among regional countries.

    By Chu Daye | 2022/9/18 22:32:12
  • OPPO's reported Egypt deal 'may herald exodus' of Chinese mobile firms from India

    Chinese smartphone maker OPPO's reported deal to set up a plant in Egypt may herald an exodus of Chinese mobile phone firms from India amid the country's escalating crackdown on Chinese companies, an industry insider said on Wednesday.

    By Chu Daye | 2022/9/14 21:41:18
  • China's new-energy industry sees a series of major projects, as US struggles in sector

    China's new-energy sector has continued on rapid rise despite intensifying US efforts to contain it, as several world-leading projects and other major developments have been launched in recent days, including the start of a $3 billion plant for crucial material for solar power on Thursday.

    By Chu Daye | 2022/9/8 20:54:19
  • China, Russia to strengthen cooperation on the way to a 'multipolar world'

    China will strengthen cooperation with Russia and work together with other members of the international community to boost the multipolarization of the world, Chinese experts said, as the 7th Eastern Economic Forum (EEF) is being held in Vladivostok, Russia. Russia also harshly criticized Western sanctions against it over the Ukraine crisis as they have brought great damage to everyone around the world including their own people in the West.

    By Yang Sheng and Chu Daye | 2022/9/7 21:19:51
  • Russia, China seek closer trade ties at key economic forum in Russia's Far East amid US hegemony

    Russia's Far East is witnessing huge opportunities brought by closer China-Russia cooperation, as Russia's economic pivot to Asia receives a sudden boost amid escalating sanctions from the West in the wake of the Russia-Ukraine conflict, delegates and representative at the 2022 Eastern Economic Forum (EEF) said on Monday. Russia's accelerating pivot toward the East is also reshaping the geopolitical landscape, as the formation of a multipolar world is irreversible.

    By Chu Daye and Chen Qingqing | 2022/9/5 23:52:44
  • Digital trade rises as new growth engine of BRI cooperation

    Digital trade has become a growing area of cooperation between China and countries and regions along the Belt and Road Initiative (BRI), companies and representatives at the 2022 China International Fair for Trade in Services (CIFTIS) have said.

    By Chu Daye and Li Xuanmin | 2022/9/1 20:30:06
  • Chinese netizens pay tribute to Kazuo Inamori, a broadly respected business management master

    The peace-loving character and independent thinking that characterized entrepreneurs such as Inamori shed light on today's issues, as China-Japan ties are at a crossroads due to Tokyo's series of provocative moves, analysts said.

    By Chu Daye and Li Xuanmin | 2022/8/30 23:14:45
  • India urged to be fair, reasonable toward Chinese companies, investment

    Chinese companies and businessmen are deeply concerned about the recent harsh treatment they received from Indian authorities, including week-long custody and unexpected scrutiny of their businesses, in what could be an unprecedented move targeting Chinese firms and individuals.

    By Yin Yeping and Chu Daye | 2022/8/29 21:54:10
  • China, US' initial deal on audit cooperation a significant step, but not a 'once-for-all' antidote: analysts

    China and the US have reached a long-stalled agreement on the year-long audit dispute for listed companies, based on the principles of equality and reciprocity and abiding by each other's laws, the Chinese securities regulator announced on Friday, marking a significant breakthrough in bilateral auditing cooperation that partially helps to clear delisting clouds hanging over 280 Chinese companies listed in the US.

    By Li Xuanmin, Chu Daye and Qi Xijia | 2022/8/27 1:24:42
  • Chinese yuan's role as global economic stabilizer highlighted amid irresponsible Fed rate policies

    The Jackson Hole central banking conference in the US is likely to be another venue to witness the economically unsustainable international currency system centered on the US dollar, Chinese analysts noted on Friday, as the market kept a close eye on the meeting to gauge upcoming Fed decisions while countries around the world increasingly look for substitutes for the failing system.

    By Chu Daye | 2022/8/27 0:26:47
  • Chinese ministry vows measures to tackle record youth unemployment

    Fostering youth employment and helping college graduates land jobs stand on top of the to-do list for the Ministry of Human Resources and Social Security, with the implementation of multiple support policies viewed as critical to easing the youth unemployment situation, an official with the ministry said on Thursday.

    By Chu Daye | 2022/8/25 21:52:05
  • Biden admin's plan to tie tariffs to Taiwan question 'ridiculous,' a useless card to be played again in the face of mid-term elections

    Chinese experts said the Biden administration's reported plan to connect the Taiwan question and US tariffs on Chinese goods is “ridiculous,” and delaying removing the punitive tariffs will continue to hurt the US economy. If the US keeps the tariffs on Chinese goods, it will only make its own problems such as inflation more difficult to solve, then the US will have to “swallow the bitter fruit,” said experts.

    By Chu Daye | 2022/8/11 20:41:44
  • India's reported plan to ban certain Chinese smartphones 'politically charged': industry insider

    China's Foreign Ministry on Tuesday urged the Indian government to provide a fair and nondiscriminatory environment for Chinese firms, after reports of India mulling a ban on Chinese smartphone makers' sale of cheaper devices in India, a move Chinese experts say is politically charged and against market rules.

    By Chu Daye | 2022/8/9 21:37:21
  • After overcoming a tough Q2, Shanghai gears up for economic recovery in H2

    Shanghai officials on Monday highlighted the city's remarkable achievements over the past decade and vowed further efforts in building the city into a world-class metropolitan spearheading the country's reform and opening-up efforts and the pursuit of high-quality development in coming years and decades.

    By Chu Daye and Tu Lei | 2022/8/8 22:19:07
  • Yiwu's commodities shipment normal though hit by virus flare-up

    Merchants in Yiwu, the world's small commodity capital in East China's Zhejiang Province, are doing what they can to ensure an undisrupted flow of goods, after the city reported dozens of COVID-19 cases this week. The China-Europe freight train service has remained normal.

    By Yin Yeping and Chu Daye | 2022/8/4 22:20:03
  • Yuan internationalization gains pace amid geopolitical tensions as Rusal issues bonds

    More countries are poised to pivot to the yuan, arguably the most preferred non-Western currency for the developing world, Chinese experts said on Wednesday, amid a global push toward de-dollarization that began in 2021.

    By Chu Daye | 2022/8/3 22:27:53
  • Chinese grain traders hope Black Sea deal to cover their stranded shipments soon

    As the first cargo ship left Ukraine's Odessa Port since the Russia-Ukraine conflict started in February, Chinese grain traders said on Tuesday they are following the matter closely and some expressed hope that their stranded cargo could get the green light as soon as possible.

    By Chu Daye | 2022/8/2 20:53:22
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