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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

"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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

​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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

After Sri Lanka confirmed to Indian media that a Chinese research vessel has been allowed to dock at the Hambantota port, Chinese experts said on Monday that such a move is not only normal but also help generate revenue for the country facing an economic crisis and that India has no rights to interfere.

As Japan and South Korea pursue different paths in supply chain cooperation with China, with one drifting toward weaponizing trade, while the other is trying to keep it on a business-to-business basis, Chinese analysts said the different approaches may have an impact on trade and possibly result in South Korea overtaking Japan as China's fourth-largest trading partner, a position Japan has held for years.

On Thursday, top Chinese officials held a closely watched meeting that analyzed the current economic situation and set the tone for economic work in the second half of 2022, emphasizing efforts to keep the Chinese economy operating in "reasonable range" and to strive for the "best result" while also stressing sticking to the country's dynamic zero-COVID strategy.

As ministers of various countries participate in the US-led Indo-Pacific Economic Framework (IPEF) via video link on Tuesday, observers pointed out the US, with its bankrupted credibility and declining strength, may find it hard to rally its partners with very different interests to push forward the IPEF into the direction the US wants.

A South Korean industry association said there is a chance that Chinese onion exports will help the country alleviate its inflation, as the South Korean government moved to keep zero tariffs on seven major foodstuff import items in an effort to rein in price rises.

The "Power of Siberia 2" gas pipeline will benefit Russia, China and Mongolia, with the capacity to channel cleaner energy to China to help the world's second-largest economy balance its reliance on liquefied natural gas (LNG), Chinese experts said on Tuesday.

From its buzzing tourism industry to bustling e-commerce and busy inter-continental freight transportation, Northwest China's Xinjiang Uygur Autonomous Region is demonstrating great economic vitality, as Chinese President Xi Jinping made an inspection trip to the northwest region last week and stressed efforts to fully and faithfully implement the policies of the Communist Party of China (CPC) for the governance of Xinjiang in the new era.

A sudden rejuvenation of the bicycle scene in some big cities in China is taking place as the COVID-19 epidemic enters its third year.

In 2013, Chinese President Xi Jinping put forward the "Belt and Road Initiative" (BRI), aiming at building a new platform for international cooperation and creating new momentum for shared development. Since then, the BRI has opened a path for high-quality development and common prosperity for countries along the route, becoming a real global platform serving over half of the world's population.

China's top economic planning agency has moved swiftly over the past two days to curb surging pork prices, saying on Tuesday that it was considering tapping into central and local pork reserves to prevent rapid price hikes, following a meeting on Monday that stressed the crackdown on hoarding and other illegal activities behind the recent rise in pork prices.

Egypt's first electrified light rail transit (LRT) system, jointly built by Chinese and Egyptian companies, started trial runs on Sunday with Egyptian President Abdel-Fattah al-Sisi taking the first ride, according to a report on the website of the Embassy of China in Egypt on Monday.

During the past 25 years, Hong Kong's status as a global trade and shipping center has been through both ups and downs, but the city has repeatedly reemerged with the strong support from the Chinese mainland.

The Karot hydropower project, the first hydropower tie-up developed by the China Three Gorges Corp under the China-Pakistan Economic Corridor (CPEC), started commercial operation on Wednesday, the company told the Global Times.

China will complete the world's first railway loop around a desert, at 2,712 kilometers and around the vast Taklimakan Desert, when a new 825-kilometer section opens on Thursday in Northwest China's Xinjiang Uygur Autonomous Region, state-owned railway operator China State Railway Group announced on Wednesday.

Strong sales are seen for this year's 618 mid-year shopping festival as shopping lists are disclosed and researchers make bullish estimates as China's consumption recovers from epidemic flare-ups in April and May. Particularly, in Shanghai, which is speeding up the recovery, residents are splurging on everything from home appliances to fresh food.

US President Joe Biden failed to offer a concrete economic plan at the Summit of Americas, while Latin American countries are tired of being lectured by the US on what to do or not, a former Brazilian minister told the Global Times.

The China-proposed Belt and Road Initiative (BRI) has made steady progress in Latin America during the past three years, which has brought concrete benefits to partner economies with its people centered approach, Chinese experts said on Wednesday.

Rising upper stream component prices may dent China's new-energy vehicle spending binge, a senior industry expert warned on Wednesday, as more company executives complain about rising prices for semiconductors.

Queuing time off the Port of Shanghai, the world's largest port, has kept dropping even as more ships make calls, which experts see as a healthy sign, as the Chinese economic hub is getting back on its feet after a two-month lockdown.

Economic cooperation between China and the Solomon Islands has huge potential as the two economies highly complement one another, the head of a local Chinese business chamber said on Wednesday, as Chinese State Councilor and Foreign Minister Wang Yi started his official visit to the country.

The US' so-called Indo-Pacific Economic Framework (IPEF) seemingly got off to a rough start despite its high profile launch with 12 initial partners, as many participating countries, especially ASEAN members, stressed the need for inclusiveness and multilateralism in regional economic and trade cooperation, in a cautionary tone over the deal widely seen as a move against China.

As the effects of Omicron onslaught on the economy further intensified, weighing down on April industrial production, retail sales and investment, an official with the National Bureau of Statistics (NBS) said there are signs of improvement in May and growth in the second quarter is expected to remain stable.

Chinese semiconductor industry experts highlighted the intrigue of the US to suppress or even isolate China from the global industry chain, as US eyed luring ASEAN members to decouple from China at a summit with Southeast Asian leaders with its Indo-Pacific economic framework.

China will scrap tariffs on coal imports between May 1 and March 31, 2023, the Ministry of Finance announced on Thursday, marking a rare move over the several years to ensure energy security amid growing uncertainties in global coal supply due to geopolitical and other factors.

Chinese businesses in Pakistan are operating without disruption, though they are ramping up precautions to ensure the safety of personnel and projects in accordance with official guidelines, after a terrorist attack in Karachi killed three Chinese nationals on Tuesday afternoon.

As South Korean media lament another of the country's prized claims is losing to China, industry experts said Chinese companies have closed the gap with South Korean rivals in the past decade, while they emphasized that cooperation is still needed to push the industry forward.

Looking at the lush rainforest that stretches out along the shore line, Tan Wenhua, a veteran venture capitalist from Beijing, said he had big plans for the Hainan pilot free trade port (FTP).

The ongoing global supply chain crisis should be tackled by the major economies leading by example through multilateral consultation, economists and delegates attending the Boao Forum for Asia 2022 said.

Chinese President Xi Jinping proposed a global security initiative which stressed a commitment to the vision of common, comprehensive, cooperative and sustainable security and to reject a Cold War mentality, group politics and bloc confrontation while delivering a keynote speech via video link at the opening ceremony of the Boao Forum for Asia Annual Conference 2022 in South China's Hainan Province on Thursday.

The speed of integration among Asian economies has been sustained and even accelerated in some areas despite the COVID-19 pandemic, US interference and other challenges, according to a report published during the Boao Forum for Asia 2022, a major regional cooperation platform that kicked off in Boao, South China's Hainan Province on Wednesday.

China's State Council asked shipping companies on Thursday not to "randomly" skip the Port of Shanghai and called for coordinated efforts by relevant parties to unclog containers, especially refrigerated containers, as the country moves to ensure smooth logistics amid disruptions posed by COVID-19 outbreaks and minimize the impact on economic activities.

Financial institutions in Shanghai, including banks and exchanges, are beefing up efforts to maintain services while they cooperate with the city's most stringent anti-virus measures to date in a bid to stamp out a fierce new wave of COVID-19 cases.

China's civil aviation sector is taking multiple concrete measures to beef up flight safety after a China Eastern Airlines Boeing 737 with 132 people on board crashed Monday afternoon, as experts warned of a short-term impact from fear of air travel could further dent the sector, already one of the worst-hit by the COVID-19 epidemic.

China's State Council announced on Monday that the country will offer nearly 1 trillion yuan ($157 billion) in tax rebates to small businesses, as part of broad efforts to stabilize the Chinese economy amid rising downward pressure.

Concerns by some US media outlets over potential supply chain hiccups as a round of Omicron cases hit some of China's major manufacturing and commercial cities are a testament to China's prominence in the global supply chain, analysts and industry insiders said on Friday. While some sectors are inevitably affected during the current fight to contain the virus, the overall health of the supply chain in China remains sound, thanks to the effective dynamic zero-COVID strategy, and as cities swiftly resume production, the impact of this round of epidemic flare-ups will be very limited, they said.

As sanctions imposed by the US and some of its allies against Russia continue to rattle the global market, especially global energy trade, more and more countries are seeking alternatives to US dollar-dominated settlement systems to avoid risks and losses, with some exploring the possible use of the Chinese yuan.

India is reportedly planning to buy Russian oil at discounted prices and even considering the Chinese yuan as a reference currency in an India-Russia payment settlement mechanism, a move that Chinese analysts say represents the growing frustration among world economies over the US-led sanctions against Russia that have rattled global markets.

A number of pharmacies across China have begun to stock their shelves with COVID-19 antigen detection products, which give faster testing results than nucleic acid testing, right after the state's drug authorities cleared such products for the domestic market on Friday and as a new wave of cases hit China.

The first freight train from the Chinese mainland to Hong Kong carrying anti-epidemic supplies, including more than 1.1million COVID-19 testing kits and 10,000 protective garments, was launched on Wednesday, providing aid to the city amid rising infections and panic purchase among residents.

Messages to be sent by the Chinese government at the upcoming two sessions on fiscal policies will be closely watched by observers, as the world's second largest economy braces for 2022 with an emphasis on stability for economic development amid multiple challenges.

Fifty years after US president Richard Nixon's historic visit to China in 1972, China-US trade has undergone tremendous changes in volume, quality and structure, but industry insiders say the mutually beneficial nature of the trade relations remains unchanged and will continue to be so, even as some in the US are clamoring for decoupling.

In a sign of their shrewdness, many Chinese are discussing on social media the balance sheet of the historic Beijing 2022 Winter Olympics, which concluded just on Sunday but continue to occupy people's mind with lingering effects.

Beijing's sub-center in Tongzhou district has earmarked 426 projects with total fixed-asset investment of 100 billion yuan ($15.81 billion), administrators of the sub-center announced on Monday, amid a nationwide infrastructure spending drive.

From preventing cross-infection among medics, quickly reducing new infections and preventing mild cases from progressing into severe cases, the arrival of aid from the Chinese mainland to Hong Kong will bring a lot of Wuhan experience to fight against the new wave of COVID-19 epidemic to the city, experts noted. Hong Kong reported 6,067 confirmed cases on Sunday.

Test kit suppliers and the operators of Huo-Yan nucleic acid test laboratories responded swiftly on Friday to Hong Kong's latest pandemic situation, which has seen daily infection cases rising in their thousands.

China rejected suspending business or extending the closure for catering, supermarkets, scenic spots and cinemas without policy support or an epidemiological survey on Friday in a move to stimulate the services sector crippled by the epidemic.

From icy floors that micro-manage temperatures inside world-class stadiums to the gigantic cable roof that spans the National Speed Skating Oval, China's unrivaled infrastructure was behind the spectacular and grand Beijing 2022 Winter Olympics, ensuring the games' success but also provided a number of benefits that could ensure more Chinese gain easier access to winter sports.

The US House of Representatives will soon introduce a bill to increase US competitiveness as it relates to China and boost federal spending on semiconductors, Speaker Nancy Pelosi said on Friday as the Biden administration seeks to boost domestic chip production, Reuters reported.

China's cinema market stands a fair chance of setting a new record for the week-long Spring Festival holidays peak season that starts on January 31, despite recent COVID-19 flare-ups in many localities, industry insiders said, as they brace for one of most anticipated seasons of the year.

China's central and local governments are expediting the rollout of major infrastructure projects as the country faces growing downward economic pressure, with the country's top economic planning agency announcing on Tuesday that it will moderately front-load infrastructure investment and steadily push forward the 102 mega projects earmarked for the 14th Five-Year Plan period (2021-25) to achieve concrete results.