Chu Daye
Reporter, Beijing
Chu Daye is a business reporter at the Global Times focusing on general topics, trade, investment and energy.
LATEST STORIES
  • First batch of Chile's 2024 season cherries arrives at Chinese ports; insiders eye 30% growth

    As the first batch of Chilean cherries arrived at Shanghai, more and more Chinese ports will start receiving cherries, the Global Times learned.

    By Chu Daye | 2024/10/15 17:54:32
  • China's first domestically built large cruise ship serves 250,000 passengers

    Just over 10 months after having set off on its maiden voyage, China's first domestically built large cruise ship, the Adora Magic City, has made 64 voyages and transported about 250,000 passengers, according to state broadcaster CCTV on Monday.

    By Chu Daye | 2024/10/7 23:23:11
  • German automaker calls for postponement of EC tariffs on Chinese EVs

    German auto giant Mercedes-Benz said it considers the European Commission (EC)'s tariffs on Chinese electric vehicles "a mistake that can lead to far-reaching negative consequences," and calls for the postponement of the enforcement of the tariff measures, following a crucial EU vote on the EV issue.

    By Chu Daye | 2024/10/5 11:02:56
  • Kenya exports dried sea cucumber to China for first time

    A shipment of Kenyan dried wild sea cucumber arrived at the Changsha Huanghua International Airport in Central China's Hunan Province and hit the market on Thursday, marking the first entry of Kenyan dried sea cucumber to China after a protocol granting market access to Kenyan wild-caught aquatic products, the Xinhua News Agency reported on Saturday.

    By Chu Daye | 2024/9/28 22:52:55
  • MOFCOM starts probe against Canada duties

    China's Ministry of Commerce (MOFCOM) launched an anti-discrimination investigation on Thursday into Canada's tariff hikes on electric vehicles (EVs) as well as steel and aluminum products imported from China, after initial results uncovered this discriminatory approach.

    By Chu Daye | 2024/9/26 23:06:49
  • 75 years of evolution: China's consumption evolves and unfolds unlimited potential

    October 1, 2024 marks the 75th anniversary of the founding of the People's Republic of China. Over the past 75 years, under the strong leadership of the Communist Party of China, the country has made remarkable progress in social and economic development. From a once backward agrarian society, China has transformed itself into the world's second-largest economy, increasingly interconnected with the global economy and offering significant opportunities to the rest of the world. To highlight this, the Global Times is launching a series of articles, with this installment focusing on the country's evolving consumption patterns amid improved living standards

    By Chu Daye and Zhang Yiyi | 2024/9/24 21:44:51
  • China makes vital contribution to global green development: experts

    China is making a vital contribution to the global energy shift by providing high-quality and affordable new-energy solutions to overseas clients and investing heavily in its own green energy capacity, analysts and industry experts said on Monday, a day after the fourth anniversary of China's announcement of its "dual carbon" goals.

    By Chu Daye | 2024/9/23 23:41:20
  • HarmonyOS makes new progress, accepted by more customers

    More than 10,000 apps and services can now be found on the HarmonyOS NEXT, a proprietary operating system (OS) developed by Chinese technology company Huawei, a company executive said over the weekend.

    By Chu Daye | 2024/9/22 22:36:09
  • Major shipbuilders detail plan on largest A-share merger deal

    China CSSC Holdings and China Shipbuilding Industry Corp (CSIC) on Thursday detailed a plan to merge through a share swap to create the world's largest shipbuilder, in what analysts described as a milestone deal that could see Chinese shipyards' overall competitiveness on the global stage further rise. According to the plan, China CSSC Holdings will swap shares with CSIC at a ratio of 1:0.1335, in a mega deal valued at 115.15 billion yuan ($16.23 billion).

    By Chu Daye | 2024/9/19 23:59:01
  • Share of sports sector's output in GDP 'nearly doubles' from 2012-22

    The development of China's sports industry has created a new engine of growth for the retail market, as the industry's annual growth rate is much faster than that of overall GDP, an official of the General Administration of Sport of China (GASC) said on Wednesday.

    By Chu Daye | 2024/9/18 22:51:59
  • EC urged to solve EV tariff rifts via talks, 'avoiding unilateral moves'

    China's Commerce Minister Wang Wentao met with Antonio Tajani, Italy's deputy prime minister and minister of foreign affairs and international cooperation, on Monday, in which the two sides discussed the EU's anti-subsidy case against China's electric vehicles (EV). Wang said China hopes the European Commission (EC) will respond to the calls of all parties and properly resolve China-EU economic and trade differences through dialogue and consultation based on the consensus reached by Chinese and European leaders, according to China's Ministry of Commerce.

    By Chu Daye | 2024/9/18 0:35:31
  • Faster digital transformation ramps up productivity of manufacturing, services in China

    If you asked people about artificial intelligence (AI) 10 years ago, most wouldn't have understood its meaning. Today, however, AI has been gradually integrated into all aspects of daily life in China, such as travel, retail, medical care, entertainment, logistics and many other fields.

    By Chi Jingyi and Chu Daye | 2024/9/17 20:33:17
  • Multiple foreign enterprises express confidence in China market as CIFTIS concludes with fruitful outcomes

    The 2024 China International Fair for Trade in Services (CIFTIS) concluded in Beijing on Monday, achieving some 1,000 practical outcomes in deals and investments, with more than 20 percent of its on-site exhibitors being international companies.

    By Ma Jingjing and Chu Daye | 2024/9/17 18:09:44
  • AI empowers daily life and speeds up services industry development

    If you asked people about artificial intelligence (AI) 10 years ago, most wouldn't have understood its meaning. Today, however, AI has been gradually integrated into all aspects of daily life in China, such as travel, retail, medical, entertainment, logistics and other services sectors.

    By Chi Jingyi and Chu Daye | 2024/9/16 21:25:29
  • Foreign visitors at CIFTIS impressed by China's cutting-edge technology, industrial applications

    The 2024 China International Fair for Trade in Services (CIFTIS) has become a hub for Chinese and international visitors to exchange ideas on the latest innovations and technologies across industries. Many foreign attendees are impressed by China's innovation and technology advancement, as many Chinese firms showcased their latest products.

    By Chu Daye | 2024/9/15 17:18:43
  • More Australian entities attend CIFTIS to seek cooperation opportunities with China

    A total of 20 Australian companies, organizations and institutions, including a number of universities, are attending the ongoing 2024 China International Fair for Trade in Services (CIFTIS) in Beijing, as they look for opportunities to boost cooperation amid improving ties.

    By Chu Daye | 2024/9/13 18:05:06
  • CIFTIS highlights opportunities in Chinese market, defies decoupling

    The 2024 China International Fair for Trade in Services (CIFTIS) commenced on Thursday, showcasing China's determination to further open up to the world and its willingness to share the dividends of its growth. The event witnessed enthusiastic attendance from countries around the world, offering a strong rebuttal to the decoupling efforts by some politicians in the West, analysts said.

    By Chu Daye and Song Lin | 2024/9/12 23:58:56
  • Companies bullish on China services sector ahead of services trade fair

    As the 2024 China International Fair for Trade in Services (CIFTIS) is set to commence on Thursday, attending companies and exhibitors expressed optimism about leveraging China's rapidly growing services sector and benefiting from the country's innovation-driven growth.

    By Ni Hao and Chu Daye | 2024/9/12 0:32:49
  • China's services sector expected to maintain robust growth in 2024: Ernst & Young

    China's services sector and services trade are expected to maintain upward momentum in the second half of the year, supported by strong industrial foundations, sustained development momentum, and the country's economic resilience, a top executive with global accountancy firm Ernst & Young told the Global Times ahead of the opening of 2024 China International Fair for Trade in Services (CIFTIS).

    By Chu Daye | 2024/9/11 15:38:01
  • Private Chinese space company completes 10-km vertical takeoff, vertical landing launch test

    China's private space company LandSpace successfully conducted a 10-kilometer vertical takeoff and vertical landing (VTVL) test on Wednesday, marking the country's first in-flight ignition during the descent stage.

    By Chu Daye | 2024/9/11 14:27:20
  • Reported visit by Australian treasurer to China signals momentum of high-level interactions, with economic and trade issues in focus

    The reported visit by Australian Treasurer Jim Chalmers to China later this month signals a furthering of the high-level interactions between China and Australia under the guidance of head-of-state diplomacy and more concrete results with economic and trade issues in focus amid an overall improvement of bilateral relations after years of frayed ties, analysts said on Monday.

    By Chu Daye | 2024/9/10 0:27:21
  • Reported plan to curb ASML's China service shows the US is pushing its allies to limits: analyst

    The Netherlands is planning to limit ASML Holding NV's ability to repair and maintain its semiconductor equipment in China, Bloomberg reported on Thursday, noting that the move came as a result of political pressure from the US. Chinese experts said on Friday that the move, which violates market norms, will further disrupt the global semiconductor industrial and supply chain and predicted that the US pressure on its allies to join its technology crackdown campaign against China will backfire.

    By Chu Daye | 2024/8/30 20:25:15
  • China, Africa to foster 'small yet smart' livelihood programs, bridge development gaps

    China and Africa will cultivate "small yet smart" livelihood programs that feature technical training, effectiveness and poverty alleviation in the joint building of the Belt and Road Initiative (BRI), China's top economic planner said on Thursday.

    By Chu Daye | 2024/8/29 23:16:36
  • Mobile phone shipments bounce back in July, signaling further recovery in H2

    Mobile phone shipments in China totaled 24.2 million units in July, up 30.5 percent year-on-year, data from the China Academy of Information and Communications Technology (CAICT) showed on Wednesday.

    By Chu Daye | 2024/8/28 22:50:13
  • Fast-evolving marine engineering to be an important lever of powering China's economic growth

    Yin Jifu is a senior engineer with the National Engineering Research Center of Dredging Technology and Equipment under the state-owned construction giant China Communications Construction Company (CCCC).

    By Chu Daye | 2024/8/25 18:46:29
  • Nuclear-themed tourism gains momentum amid summer study tour boom

    The nuclear-themed tourism project run by Chinese nuclear giant China General Nuclear Power Group (CGN) has saw online bookings surpass 2,000 in the two weeks after the service is launched, a trend that exceeded expectations, sources told the Global Times on Thursday.

    By Chu Daye | 2024/8/22 16:53:07
  • China's semiconductor companies report stellar operational gains despite US crackdown

    China's semiconductor companies posted stellar first-half gains as the global semiconductor industry staged a strong rebound.

    By Chu Daye and Zhang Yiyi | 2024/8/21 16:55:26
  • Chinese-made rail system facilitates new Indonesian capital's green drive

    As a Chinese-made Autonomous Rail Rapid Transit system (ART system) was showcased at Indonesia's 79th Independence Day celebrations in the new Indonesian capital of Nusantara over the weekend, industry experts said on Monday that the new system is poised to contribute to the country's green and digital drive.

    By Chu Daye | 2024/8/19 21:58:58
  • HK's 2025 GDP growth to be better than in 2024: chief executive

    Hong Kong's 2025 GDP growth will be better than that in 2024, Hong Kong Special Administrative Region (HKSAR) Chief Executive John Lee Ka-chiu said on Sunday, according to media reports.

    By Chu Daye | 2024/8/18 20:53:09
  • China has world's largest, most complete new-energy industry chain: official

    China has established the world's largest and most developed new-energy industry chain, an official from China's top economic planner said at an event on Thursday.

    By Chu Daye | 2024/8/15 11:55:42
  • Foreign sportswear brands see gains in China, spurred by summer sports events

    Many foreign sportswear brands see growth potential in China, as Chinese people become more sports-minded, spurred by summer events including the just-concluded Paris Olympics.

    By Zhang Yiyi and Chu Daye | 2024/8/13 22:16:35
  • Chinese electronics giant Xiaomi becomes 3rd largest smartphone vendor in Japan, after Apple and Google

    China's Xiaomi has become the third largest smartphone vendor in Japan, a market known for its deep moat, as a Chinese industry expert said the situation reflected Chinese products' rising competitiveness.

    By Chu Daye | 2024/8/11 18:28:39
  • China issues plan to strengthen standardization for dual carbon goals

    Three Chinese ministries published a plan on Thursday to systematically strengthen the standardization and measurement systems used to gauge the country's efforts to realize "dual carbon" goals, a move that analysts said could help the country's industrial products gain a firmer foothold amid rising risks of hidden trade barriers in some major markets.

    By Chu Daye | 2024/8/8 21:42:46
  • Nuclear plants open to public, demonstrating China's industrial rise

    Members of the public can now book visits to the country's nuclear power plants in nine cities, China General Nuclear Power Group (CGN) announced on Wednesday.

    By Chu Daye | 2024/8/7 20:12:19
  • US tech companies' financial reports fresh warning of how US govt's tech crackdown on China has backfired

    As US tech firms including Intel Corp reported a weaker-than-expected performance for the second quarter, with Intel even announcing a downsizing plan to axe 15,000 jobs, Chinese analysts said the US government is witnessing a fresh blow as a result of its technology war against China.

    By Chu Daye | 2024/8/2 22:35:05
  • High-quality Chinese products make Paris Olympics 'more stunning technologically' as Corporate China scores a hit

    Along with Team China, 35,000 high-performance ping pong balls and a wide array of high-tech sports gear descended on the Paris Olympics. Chinese experts and industry players said the situation reflected a profound change in the Chinese industrial sector in the past decade.

    By Chu Daye and Zhang Yiyi | 2024/7/29 21:34:57
  • Chinese sightseers, businesspeople flock to Paris for new trade opportunities

    As the 2024 Paris Olympic Games unfolds, the sports gala has become a source of heightened people-to-people exchanges as Chinese tourists descend on the "City of Light" in massive numbers that will create new opportunities for both countries.

    By Chu Daye and Chen Qingrui | 2024/7/28 18:57:38
  • Exclusive: Italy can be perfect gateway for third-country markets for Chinese companies, says council head

    Italy can be the perfect gateway for third-country markets for Chinese companies, Mario Boselli, president of the Italy China Council Foundation (ICCF), told the Global Times in an interview ahead of the visit to China of Italian Prime Minister Giorgia Meloni.

    By Chu Daye | 2024/7/25 20:11:17
  • Chinese EV firms submit defense against EC's anti-subsidy preliminary ruling

    Three Chinese automakers singled out by the European Commission (EC) in its anti-subsidy probe have sought and received additional hearings, Bloomberg reported on Wednesday, becoming part of the ongoing negotiations between China and the EU on the bloc's decision to impose extra tariffs on China-made electric vehicles (EVs).

    By Liu Yang and Chu Daye | 2024/7/25 19:47:16
  • French bank BNP Paribas gets approval for 4th fully foreign-owned brokerage in China: report

    French banking group BNP Parisbas recently established a wholly owned securities firm in Shanghai, becoming the fourth foreign financial institution to set up a wholly owned brokerage firm in the Chinese mainland, the Securities Daily reported on Tuesday.

    By Chu Daye | 2024/7/23 21:28:02
  • Key projects update to improve quality of China-Russia trade: expert

    Key investment projects are set to improve the quality of China-Russia trade and provide further impetus for bilateral trade to reach $300 billion by 2030, Chinese experts said on Tuesday, as cooperation meetings were held in Russia this week.

    By Chu Daye | 2024/7/23 20:20:29
  • China, Russia economic cooperation to deepen, unaffected by external factors

    Further progress in practical cooperation between China and Russia is expected as a result of frequent and continuous high-level official exchanges and intensified cooperation among localities, Chinese analysts said on Sunday.

    By Chu Daye and Chen Qingrui | 2024/7/21 21:46:31
  • China nearly quadruples pork imports from Russia in June as diversification efforts enhance food security

    China imported 1,346 tons of pork products from Russia in June, quadrupling May's figure, data from the General Administration of Customs (GAC) showed over the weekend.

    By Chu Daye | 2024/7/21 18:08:13
  • Wary responses to India's 'softening' on obstructing visa for Chinese citizens

    Chinese industry insiders and experts said India's reported plan to make it easier for Chinese citizens to get visas to visit India is positive for people-to-people exchanges between the two countries, which is facing a surge in demand in the post-pandemic era.

    By Chu Daye | 2024/7/18 18:40:03
  • Global firms express confidence in China, closely watch third plenum

    As the third plenary session of the 20th Communist Party of China (CPC) Central Committee is underway in Beijing, many around the world are closely following the crucial meeting for signals of China's reform and opening-up agenda, with many foreign businesses expressing confidence in China's long-term development prospects.

    By Ma Jingjing, Chu Daye and Tu Lei | 2024/7/17 23:02:17
  • US coercion over restricting chip trade with China should be resisted by others: FM

    China expressed hope that relevant countries can "distinguish right from wrong" concerning the US government's vicious containment and suppression of China's semiconductor sector, and these countries could take firm measures to resist the US, a Chinese Foreign Ministry spokesperson said on Wednesday.

    By Chu Daye | 2024/7/17 17:36:59
  • Policy support helps developers make progress in H1 deliveries

    China's real estate sector has made steady progress in ensuring the punctual delivery of homes in the first half of the year, with the top 10 developers delivering 700,000 homes, underscoring the effectiveness of the policy support given to the sector through a period of necessary correction.

    By Chu Daye | 2024/7/16 21:46:39
  • Central SOEs form marine engineering consortium for technological breakthroughs

    Chinese centrally administered state-owned enterprises (SOEs) set up a marine engineering innovation consortium on Monday, aiming to foster scientific breakthroughs and break technological bottlenecks constraining the development of the fast-growing marine industry, which plays a key role in China's harnessing of its marine resources.

    By Chu Daye | 2024/7/15 20:22:38
  • Cruise market recovery expected to speed up in Q3, serving as a major boon to global tourism industry

    China's cruise market saw a robust recovery in the first half of 2024, with 206 voyages operated by 23 cruise ships that carried 500,000 passengers, China Media Group (CMG) reported on Sunday.

    By Chu Daye | 2024/7/14 19:47:11
  • CPC navigates China to realizing economic blueprint through deepening reform and opening-up

    As the Communist Party of China (CPC) is expected to convene a crucial reform-themed meeting next week, a look back on China's remarkable achievements in comprehensively deepening reform and opening-up over the past decade, which underpinned China's high-quality development against a complex global geo-economic situation, offers a critical window into what to expect from the upcoming meeting.

    By Chu Daye and Ma Jingjing | 2024/7/12 23:29:22
  • Chinese Premier urges better implementation of macro policies to boost growth amid 'more complex' factors

    Chinese Premier Li Qiang said on Tuesday that factors affecting China's economic growth have become more complex than in the past and called for better implementation of macro policies to ensure the annual economic development goal is met, according to China Media Group (CMG).

    By Wang Cong and Chu Daye | 2024/7/9 23:19:50
  • H1 GDP data may surpass preset annual target: economists

    The Chinese economy may post a faster-than-5-percent growth rate for the first half of the year, exceeding a preset annual target, according to predictions made by a number of Chinese economists on Monday. A growth rate in the range of 5.1-5.4 percent was predicted for the second quarter.

    By Chu Daye | 2024/7/8 19:38:36
  • China, Tajikistan elevate ties during Xi's landmark visit

    China and Tajikistan on Friday announced the elevation of ties to comprehensive strategic partnership in the new era during Chinese President Xi Jinping's ongoing state visit to Tajikistan, injecting new momentum and opening up a new chapter in bilateral ties and common development of the two countries.

    By Li Xuanmin in Tajikistan and Chu Daye in Beijing | 2024/7/5 23:38:19
  • China to drastically intensify crackdown on financial fraud to ensure high-quality development of capital market: CSRC

    China is tightening up efforts to comprehensively prevent and stem financial fraud in the capital market to ensure its high-quality development, according to a government circular on Friday.

    By Chu Daye | 2024/7/5 21:14:21
  • Reported move by PBC on treasury bond borrowing aimed at stabilizing market, managing expectation: analysts

    A reported move by the People's Bank of China (PBC) to enter into borrowing agreements with commercial banks has indicated policymakers' willingness to expand toolkit to maintain bond market stability, Chinese analysts said on Friday.

    By Chu Daye | 2024/7/5 17:48:28
  • Payment by foreigners using overseas wallet soars as optimized payment services deliver tangible convenience

    Transaction volumes of foreigners using overseas wallet apps to pay for goods and services in China have grown more than sevenfold, the People's Daily reported on Thursday, citing data from Chinese online payment clearing house NetsUnion Clearing Corporation.

    By Chu Daye | 2024/7/4 23:25:01
  • Canada urged not to impose high tariffs on Chinese EVs, avoid stirring up trade disputes

    The Canadian government should refrain from stirring up trade tensions with China over electric vehicles (EVs), Chinese analysts said, as Ottawa released a document on Tuesday as part of its formal consultations which might lead to the imposition of tariffs on Chinese EVs.

    By Chu Daye | 2024/7/3 14:59:37
  • China's property market shows signs of uptick amid policy supports

    China's property market displayed signs of improvement in terms of sales revenues of the top 100 real estate developers, an industry report showed on Monday.

    By Chu Daye and Tao Mingyang | 2024/7/1 19:55:14
  • China-Thailand ties to gain momentum

    As an important member of ASEAN, Thailand's announcement of its intention to become a member of the BRICS group of emerging economies is of great significance not only to Thailand itself but also to ASEAN as a whole. The ASEAN economy has seen rapid growth in recent years, and its influence has increased gradually. Joining the BRICS is not only conducive to Thailand's economic development but also enables Thailand to play a greater role in the international arena. Thailand's joining of BRICS will certainly provide favorable conditions for further strengthening all-round exchanges and cooperation with BRICS countries and the ASEAN. At present, the Thai government is actively improving Thailand's status in the international arena. As we all know, the Thai economy was founded on two pillars – exports and tourism. As such, Thailand has always been a supporter of multinationalism and free trade. Thailand's eventual accession to the BRICS will strongly boost the in-depth internationalization of trade and economic cooperation, cultural exchanges, and development in the region.

    By Chu Daye | 2024/6/24 21:34:21
  • Polish President's China visit to yield pragmatic cooperation

    Polish President Andrzej Duda arrived in Beijing on Saturday to kick off a five-day visit to China, which will end on June 26, according to the Xinhua News Agency. Business representatives, a former Polish official and Chinese observers reached by the Global Times expressed high hopes that with Duda's ongoing visit, the two countries could enhance trade and economic cooperation, eyeing concrete cooperation and more measures to foster the joint building of the Belt and Road Initiative (BRI).

    By Chu Daye and Ma Tong | 2024/6/23 19:36:27
  • Dialogue between China, Germany to set up examples for other European countries: expert

    The reported visit by German Vice Chancellor and Economy Minister Robert Habeck this week to China highlights the importance of addressing disputes through dialogue, and sets an example for other European countries, a Chinese trade expert said on Thursday.

    By Chu Daye | 2024/6/21 1:44:25
  • New lithium-ion battery guidelines to promote high-quality development

    China's Ministry of Industry and Information Technology (MIIT) on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote the high-quality development of the sector.

    By Chu Daye and Tao Mingyang | 2024/6/19 23:13:04
  • Favorable factors amassing for outlook of Chinese economy: top economic planner

    The economy further consolidated its expansion trend in May, with positive factors amassing, a spokesperson of the National Development and Reform Commission (NDRC) said on Tuesday.

    By Chu Daye | 2024/6/18 22:00:15
  • German business chamber in China says 'tariffs are not really in favor of the global auto industry'

    The EU's tariff decision on imports of Chinese battery electric vehicles (EVs) has drawn stern criticism from the German business community in China, with the German Chamber of Commerce (GCC) saying that such tariffs could affect the global automotive industry and calling for negotiations.

    By Zhang Yiyi and Chu Daye | 2024/6/17 22:53:22
  • China-Australia ties to get boost with Premier Li's visit, with Australian businesses expecting deepened bilateral economic cooperation

    The thawing relations between China and Australia are expected to get a significant boost with the ongoing state visit of Chinese Premier Li Qiang to Australia starting on Saturday, the first visit by a Chinese Premier in seven years, Australian officials and business representatives said.

    By Yin Yeping and Chu Daye | 2024/6/16 20:16:24
  • Top economic planner urges EU to come back to rational path and scrap levying extra tariffs on Chinese EVs

    China's National Development and Reform Commission (NDRC), the top economic planner, recently published three opinion pieces on the EU decision to impose extra tariffs on Chinese electric vehicles (EV), while urging the EU to scrap the protectionist and unwelcome levies.

    By Chu Daye | 2024/6/16 19:37:01
  • European Commission's tariff decision met with wide criticism

    Following loud opposition against the European Commission (EC)'s decision to impose additional tariffs on Chinese electric vehicle (EV) imports, Chinese government departments and organizations on Thursday urged the EU to immediately correct its wrongdoings and get back to the rational track of handling disputes through dialogue and consultations, with the Chinese Foreign Ministry vowing to take "necessary measures" and China's Ministry of Commerce (MOFCOM) stating it reserves the right to resolve the dispute at the WTO.

    By Chu Daye and Tao Mingyang | 2024/6/13 22:02:16
  • Chinese FM urges EU to drop EV probe; experts warn of boomerang effect of protectionist policy

    China issued another stern warning to the EU on Tuesday, calling for the timely termination of a probe against Chinese electric vehicle (EV) makers.

    By Chu Daye and Tao Mingyang | 2024/6/11 20:57:51
  • Fresh progress made in major projects, manufacturing to pave way for sound growth in May: analysts

    A large number of major projects have made fresh progress in recent days, with a demonstrated edge in China's manufacturing capability and capacity, paving the way for the world's second-largest economy to post sound economic data for May, Chinese analysts said on Monday.

    By Chu Daye | 2024/6/10 22:40:37
  • China, Russia boost tourism, cultural ties

    Many Chinese people are familiar with at least some Russian tourist attractions. The Kremlin, the Red Square, to name a few. For many, these tourist destinations deserve in-person visits at least once in their lifetime.

    By Chu Daye | 2024/6/5 21:00:13
  • Private-sector manufacturing activity growth fastest in 2 years in May; stability 'expected' for Q2

    The Chinese economy is expected to post steady gains in the second quarter, with GDP growth on par with the first quarter of about 5.3 percent, analysts said on Monday after the release of statistics signaling an upward trajectory.

    By Chu Daye | 2024/6/3 21:06:37
  • Reported resumption of Australian beef exports to China 'shows result of pragmatic cooperation'

    The reported approval paving the way for the resumption of Australian beef exports to China is an encouraging sign, marking one more improvement in bilateral trade ties, and it is expected to contribute to bilateral trade growth, Chinese observers said on Wednesday.

    By Chu Daye | 2024/5/30 20:59:21
  • Chinese manufacturers seek rising opportunities in Russia amid Moscow's self-reliance drive

    A growing number of Chinese manufacturing companies are seeking opportunities in Russia amid the country's drive to make products locally, industry insiders told the Global Times.

    By Chu Daye | 2024/5/28 17:26:23
  • Chinese visitors to Moscow likely to rise 'significantly' in 2024: official

    There could be a significant increase in the number of Chinese visitors to the Russian capital this year, due to the enhanced level of cooperation among bilateral industry participants following Russian President Vladimir Putin's recent state visit to China, a Moscow tourism official told the Global Times.

    By Chu Daye in Moscow | 2024/5/24 20:08:54
  • China's youth unemployment rate falls in April, showing improvement in job market

    China's youth unemployment rate, excluding students aged from 16 to 24, was 14.7 percent in April, down from 15.3 percent in March, the National Bureau of Statistics (NBS) said on Tuesday.

    By Chu Daye | 2024/5/21 23:55:05
  • Trade, economic cooperation between China, Central Asian countries on fast lane: analyst

    China's trade and economic cooperation with Central Asian countries has been on a fast lane in recent years and has demonstrated the willingness of the world's second-largest economy to promote common development with countries in the region, Chinese analysts said on Monday.

    By Chu Daye | 2024/5/20 21:29:56
  • US order for Chinese-linked company to sell property 'discrimination'

    A decision by the US government to force a company that is reportedly Chinese-linked to sell a property near a US Air Force base in the state of Wyoming is one more dramatic act in the "China threat" play, a Chinese observer said on Tuesday.

    By Chu Daye | 2024/5/14 22:24:26
  • China, Russia set to optimize trade structure in 2024: business head

    China and Russia could see further improvement in the bilateral trade structure in 2024, with the trade volume projected to reach new heights, a senior business head told the Global Times on Monday.

    By Chu Daye | 2024/5/14 2:33:42
  • US reported tariffs on green Chinese exports, extending trade curbs hurt positive atmosphere of engagement and dialogue: expert

    The US' reported plan to levy tariffs on imports from China's emerging industries and its commerce department's decision to add 37 Chinese entities in high-tech sectors are steps further down the path of clamping down on Chinese companies and decoupling with China, observers said on Friday, warning that there will be serious consequences.

    By Chu Daye | 2024/5/10 18:24:04
  • Major projects worth of billions of yuan kick off for Q2 as analysts eye 5% growth in fixed-asset investment

    Many localities in China have recently launched major investment projects for the second quarter, with a focus on new quality productive forces, and observers believe the trend will help stabilize overall investment in the period.

    By Chu Daye | 2024/5/8 21:06:08
  • China's FX reserves decline within controllable range, underpinned by strong economic fundamentals: expert

    China's foreign exchange (forex) reserves totaled $3.201 trillion as of the end of April, down by $44.8 billion, or 1.38 percent, from the end of March, according to data released on Tuesday by the State Administration of Foreign Exchange (SAFE).

    By Chu Daye | 2024/5/7 21:26:28
  • Decipher China's green success: competitiveness of Chinese EV industry comes from competition, not subsidies: analysts

    Recently, Western politicians and media outlets have amplified the notion of China's supposed "overcapacity" in the production of electric vehicles and other green products, asserting that it poses a threat to the global market. The Global Times is publishing a series of articles to examine the issue. This story focuses on how the Chinese electric vehicles (EV) industry draws its competitiveness from competition, debunking the groundless narrative that Chinese EV industry's strengths came from government subsidies.

    By Chu Daye | 2024/5/6 21:46:52
  • Musk concludes 24-hour visit to China; EV capacity jointly forged by Chinese, foreign companies

    Chinese analysts said Tesla's attraction to the fiercely competitive Chinese electric vehicles (EVs) market offered an example to the world about healthy business competition, as global cooperation is needed for the human race to implement green transition strategies and tackle climate challenge.

    By Chu Daye | 2024/4/29 21:04:53
  • Auto insiders emphasize global cooperation as foreign companies eye partnerships in smart, intelligent vehicles

    Industry insiders and company representatives at the ongoing Beijing International Automotive Exhibition emphasized the importance of global cooperation in the upcoming age of smart and intelligent vehicles, as more foreign companies announced plans to deepen cooperation with Chinese partners.

    By Chu Daye and Zhang Yiyi | 2024/4/28 23:00:34
  • China's $81b cruise market rebounds as mega foreign cruise ships return

    The recovery of China's cruise market accelerated on Friday with the return of another large foreign cruise ship to Shanghai's Wusongkou International Cruise Port.

    By Chu Daye in Shanghai | 2024/4/26 19:07:54
  • Taiwan-based companies could share opportunities in mainland's push for building up new quality productive forces: spokesperson

    The development of new quality productive forces in the Chinese mainland is characterized by greater inclusiveness and a higher level of opening-up, which will provide new opportunities for Taiwan-based companies for their participation in the high-quality development of the mainland, Zhu Fenglian, spokesperson for the Taiwan Affairs Office of the State Council, told a press conference on Wednesday.

    By Ma Jingjing and Chu Daye | 2024/4/24 13:04:15
  • Apple move to boost investment in Vietnam may not pay off: experts

    Apple CEO Tim Cook's pledge to increase investment in Vietnam has drawn skeptical views from Chinese observers.

    By Chu Daye | 2024/4/17 2:09:18
  • China, Germany expected to strengthen green cooperation; 'De-risking' means missing out on opportunities in China

    After exploring Southwest China's industrial city Chongqing, German Chancellor Olaf Scholz on Monday arrived in Shanghai, an important city that has a large amount of accumulated German investment, and where he said that Europe is open to Chinese cars.

    By Ma Jingjing, Tu Lei and Chu Daye | 2024/4/15 22:40:11
  • China enters 'show' time, demonstrating resolve on opening-up

    Following intensive visits to China by foreign CEOs in March, China has entered a week of international trade exhibitions. This highlights the potential of China's dynamic consumer market and the country's unswerving commitment to opening-up.

    By Qi Xijia in Haikou and Chu Daye in Beijing | 2024/4/14 22:19:08
  • 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
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