Chu Daye
Reporter, Beijing
Chu Daye is a business reporter at the Global Times focusing on general topics, trade, investment and energy.
LATEST STORIES
  • China, South Korea vie for the laurel of becoming top shipyard

    The contest for the laurel of becoming the world's largest shipbuilder between China and South Korea has become more intense, and a South Korean advance in new orders of late serves as a reminder of the need for Chinese shipbuilding companies to ramp up their efforts, and scale up the ladder of value chain in the global shipbuilding business.

    By Chu Daye and Liu Zhongyin | 2021/4/11 16:13:39
  • US-Japan chip alliance won't contain China's rise: analysts

    A US attempt to build an alliance to contain China's rise in the semiconductor sector by seeking to recruit Japan as a partner does not stand a high chance of success anytime soon, given the closely intertwined global supply chain for chips and China's rising role in the crucial field, Chinese observers said on Tuesday.

    By Chu Daye | 2021/4/6 21:08:40
  • ByteDance bank accounts reportedly frozen in India amid exodus of Chinese apps

    The Indian government's reported action against ByteDance, which owns short-video platform TikTok, is reflective of the current situation for Chinese app services providers in the country amid a government crackdown on taxation transparency, Chinese analysts and investors said on Wednesday.

    By Chu Daye | 2021/3/31 20:13:39
  • Shipping agents keep close eye on Suez Canal jam

    Logistics companies and shipping agents in China, the world's largest goods trading nation, are closely watching the worst shipping jam in years in the Suez Canal after a super-sized containership from the island of Taiwan ran aground in the middle of the vital waterway.

    By Chu Daye | 2021/3/25 21:18:40
  • Grain from Russia may help China diversify imports

    Russia's exports of corn, for which China has skyrocketing demand, may rise in the coming years with the country's huge output potential, warm political relations and logistics advantages, a major Chinese grain importer told the Global Times on Wednesday.

    By Chu Daye | 2021/3/24 20:03:40
  • China's de-Americanized animal feed 'unlikely' to impact global grain trade

    China's efforts to introduce new content in animal feed that requires fewer corn and soy beans will have no immediate impact on global grain trade, with significant changes only to take place years later, Chinese agricultural analysts said on Friday.

    By Chu Daye | 2021/3/19 22:13:39
  • Alaska's China exports hurt by trade war, highlighting lose-lose situation

    Alaska's dwindling exports to China, including seafood and timber, show the need for the US to stop its tariffs war with China, a Chinese expert said on Friday, as the two countries' high-level delegations met in the US state.

    By Chu Daye and Tu Lei | 2021/3/19 20:23:40
  • S. Korean shoe brand threatens to cut China sales amid cultural spat, dismissed by Chinese netizens

    South Korean skateboard shoe brand Lakai are now believed by Chinese netizens as trying to grab media attention in South Korea by announcing its plans to suspend sales to Chinese market, following a controversy over traditional Korean costumes.

    By Chu Daye | 2021/3/18 20:08:40
  • Uzbekistan eyes Pakistan's Gwadar Port as gateway for seaborne cotton exports

    Uzbekistan, one of the world's leading cotton exporters, sent a high-level delegation earlier this week to the Chinese-invested Gwadar Port in Pakistan to look for logistics opportunities that might help it export its cotton, the Global Times has learned.

    By Chu Daye | 2021/3/17 23:23:39
  • Chilean cherry exporters bullish on Chinese appetite

    Chilean cherry exporters are still betting on the big appetites of Chinese consumers, even as a virus scare ruined what could be a good business year following a bumper harvest, industry insiders said on Tuesday.

    By Chu Daye | 2021/3/16 21:33:39
  • Projection on China's high-income country status draws attention to quality of development, deepening reforms

    A projection by a prominent Chinese economist that China can achieve high-income country status by 2025 has drawn attention to high-quality development, reform and avoiding the dreaded middle-income trap, with Chinese economists emphasizing the necessity of deepening reforms.

    By Chu Daye | 2021/3/10 21:58:40
  • Chinese abroad anticipate China's vaccine program, difficulties remain

    Chinese across the globe have welcomed China's vaccine program, announced by Foreign Minister Wang Yi on Sunday, despite difficulties for this undertaking.

    By Chu Daye | 2021/3/8 20:43:39
  • China's exports to the US may jump about 20% in 2021: expert

    Amid a steady recovery in the domestic economy and strong overseas demand, China posted a year-on-year gain of 60.6 percent in its exports during the first two months of 2021, the General Administration of Customs (GAC) said on Sunday.

    By Chu Daye and Xie Jun | 2021/3/7 20:28:39
  • Australia GDP underpinned by China trade, Q4 results better than expected

    Australia posted better-than-expected fourth-quarter GDP growth of 3.1 percent, in part due to its booming iron ore trade with China, Chinese analysts said.

    By Chu Daye | 2021/3/3 21:18:39
  • China looks to push economic, trade ties back to cooperation with US: MOFCOM

    China's Ministry of Commerce (MOFCOM) said on Wednesday that it looks forward to working with its US counterparts to put China-US trade and economic ties back on the track of cooperation. A Chinese expert said this could be one of the first among many comments by Chinese government departments over the relationship with the US.

    By Chu Daye | 2021/2/24 20:05:09
  • UK financial institutions' move toward China sensible: analyst

    UK financial institutions are increasingly pivoting toward China, even as the Johnson government stirs up a series of incidents that have undermined bilateral ties. Chinese analysts call the move a sensible choice that will bring more profit from China's vast and promising market, as well as its sustained growth in the wake of the COVID-19 pandemic.

    By Chu Daye and Chen Qingqing | 2021/2/22 21:08:40
  • US LNG exports to China may drop

    Natural disasters along the Texas Gulf Coast in the US that have disrupted many sectors may mean lagging liquefied natural gas (LNG) purchases by China under the phase one trade deal, Chinese experts have warned, citing the deep freeze's ripple effect on the natural gas supply/demand chain and commodity prices.

    By Chu Daye | 2021/2/21 21:33:39
  • Year of Ox Spring Festival signals persisting recovery

    Robust consumption during the Year of the Ox Spring Festival holidays, with crowded cinemas and scenic sites seen across the country amid a stay-put policy introduced to ward off a possible winter spike of COVID-19, again validated strong consumer confidence in the world's second-largest economy, analysts said on Wednesday.

    By Chu Daye and Zhao Yusha | 2021/2/18 0:33:39
  • China can easily replace Australian imports, as shown by recent developments: analyst

    A year after the Morrison government decided to further sour China-Australia ties by calling for a weapons inspector-style investigation into the COVID-19's origins while China was in the midst of containing the novel coronavirus, Chinese ports are beginning to receive hundreds of thousands of tons of coal and shiploads of iron ore from Sierra Leone, a sign that does not bode well for Australia, as it shows how easy China could replace Australia with alternative sources, even for iron ore and coal, a Chinese observer told the Global Times on Saturday.

    By Chu Daye | 2021/2/6 16:33:39
  • Australian wine shunned for Spring Festival

    Australian wine, which had a large market presence in China before the Scott Morrison government soured bilateral ties with his anti-China policy, completely missed out on a surge of holiday sales for the upcoming Spring Festival holiday in China due to anti-dumping duties.

    By Chu Daye | 2021/2/4 20:47:48
  • Some Chinese netizens side with Douyin in lawsuit against Tencent over alleged monopoly abuse

    Some Chinese netizens on Wednesday sided with Chinese internet upstart ByteDance, which owns Douyin – China's domestic version of TikTok – in its lawsuit against domestic internet giant Tencent over alleged monopoly abuse.

    By Chu Daye and Qi Xijia | 2021/2/3 21:53:39
  • Chinese infrastructure firms more scared than hurt in 2020, see surging contracts despite COVID-19 hit

    China's major infrastructure companies were more scared than hurt in 2020, with some still achieving double-digit growth in new contract values despite the coronavirus pandemic, which interrupted the movement of people and goods.

    By Xie Jun and Chu Daye | 2021/1/24 22:38:39
  • Chinese experts say Tesla's success in China can't happen again in India due to consumption, infrastructure gaps

    China's automobile experts said that it's impossible for India to copy Tesla's success in China, and the company's moves in India are just a "tiny, experimental program", after two Indian ports were reportedly competing to invite the US electric carmaker to locate its new plant there.

    By Xie Jun and Chu Daye | 2021/1/21 21:53:39
  • China's high-speed rail lines to extend to 70,000 km in 2035

    The Chinese high-speed railway sector will aim to maintain its world-leading status in the new decade via a transformation plan that emphasizes smart and green technologies and high-quality service, leading Chinese railway experts told the Global Times on Wednesday.

    By Chu Daye | 2021/1/20 20:58:39
  • Brazil ditches US drive to strangle Huawei: report

    The telecommunications sector will see a back-to-square-one moment, in which business considerations regain their rightful position from political considerations, Chinese analysts said on Sunday, after reports that the Brazilian government became the first in the world to backtrack on its opposition to Huawei's 5G bid.

    By Chu Daye | 2021/1/17 22:00:09
  • China completes maglev prototype, fastest land vehicle with peak speed of 620 km/h

    A prototype of a high-temperature superconducting maglev train, dubbed as a "super bullet maglev train" with a maximum speed of 620 kilometers per hour, rolled off the production line on Wednesday in Chengdu, capital of Southwest China's Sichuan Province.

    By Chu Daye | 2021/1/13 21:22:26
  • Rising steel prices and surging demand in China aren't helping the profits of steel mills

    Rising steel prices and surging demand in China aren't helping the profits of steel mills, which are grappling with surging iron ore prices amid a post-virus economic recovery, Chinese analysts said on Tuesday, noting that the situation is an alarming call for China to strive for a greater say in iron ore prices.

    By Chu Daye | 2021/1/12 21:13:39
  • Chinese, Japanese and South Korean firms unlikely to receive more favorable conditions under incoming Biden administration

    Companies from China, Japan and South Korea are expecting to continue to feel the weight of a trade war initiated by the US against China, while further technology decoupling is also likely during the incoming Joe Biden administration, Chinese analysts said on Monday.

    By Chu Daye | 2021/1/12 18:03:40
  • Mandalay-Kyaukphyu railway to create economic benefits for China and Myanmar

    Steady Continued cooperation on regional integration between China and Myanmar gave a sharp contrast to India, which turned a blind eye toward such development trend and let go opportunties, a Chinese analyst said on Monday.

    By Chu Daye | 2021/1/11 17:53:39
  • Cooperation in public health to spearhead China's international efforts, rekindling US interest welcomed

    Cooperation in public health will spearhead China's international cooperation in the coming years, Chinese analysts said, as a key white paper put helping countries to fight the COVID-19 virus as a top focus on Sunday.

    By Chu Daye and Zhang Dan | 2021/1/10 22:03:40
  • Beijing has no worries on power curbs amid rare cold wave: analyst

    Beijing, the Chinese capital, shivered under record low temperatures on Wednesday night and Thursday morning, causing power demand to reach a new peak.

    By Chu Daye | 2021/1/7 22:43:40
  • Busy factory floors belie awkward reality for China's home appliance OEMs

    Industry experts familiar with China's home appliance industry believe it is time for original equipment manufacturers (OEMs) to negotiate with their foreign clients about price hikes, given the recent increase in the costs of raw materials and the yuan appreciation, or they will end up in a wild-goose chase even as overseas orders flow into China.

    By Chu Daye and Yin Yeping | 2021/1/5 19:38:40
  • China may ask US companies to reveal their military links after NYSE's delisting of telco firms: expert

    Delisting of major Chinese telecom giants by the New York Stock Exchange (NYSE) will have a limited impact on these firms and other companies listed in the US market, and the Chinese government is expected to return in kind to the US for its crackdown on Chinese companies, with possible reciprocal requirement asking US companies doing business in China to reveal their links to the US military, Chinese analysts said on Monday.

    By Chu Daye | 2021/1/4 21:48:39
  • China moves on to tackle the 'chips' for agriculture

    An improving domestic seed industry will become a key to addressing many of the agricultural problems China has to face today, analysts said on Wednesday, as China vowed to tackle core bottlenecks in agricultural technologies in its new stage of rural development, vowing to "turn the table" in the seed industry to maintain grain security after a major policy meeting closed in Beijing on Tuesday.

    By Chu Daye | 2020/12/30 23:51:49
  • Reporter's diary: one building that witnesses the transformation of the world's factory

    One six-story-high factory building in Dongguan, a manufacturing powerhouse in South China's Guangdong Province, sees China's industrial transformation firsthand.

    By Chu Daye in Dongguan | 2020/12/29 17:28:40
  • China's successful handling of COVID-19, adequate industrial chains guarantee world supply amid pandemic

    “These car models will be exported to the US, and products on that production line is exporting to Europe,” John Ng, a factory manager of Maisto, a car model manufacture in Dongguan, South China's Guangdong Province, told the Global Times from the company's factory.

    By Wang Bozun and Chu Daye in Dongguan | 2020/12/22 15:13:39
  • Chinese fintech giants put brakes on online deposit products as regulators warn of risks

    China's world-leading financial technology (fintech) sector will be on a firmer footing after a certain period of tightening, Chinese analysts said on Sunday, after a fourth major provider of online finance took voluntary actions to curb its offerings over the weekend.

    By Tao Mingyang and Chu Daye | 2020/12/20 21:27:21
  • HK companies eye mainland market amid global trade headwinds in the post-virus world

    Hong Kong-based companies are increasingly looking at the Chinese mainland market amid global trade headwinds in the post-virus world, as China's policy to make the domestic market a mainstay in the coming years.

    By Chu Daye in Dongguan | 2020/12/17 22:42:38
  • 70% of China's pledged $60 billion financial support to Africa is already in use or provisioned

    China's cooperation with African is broadening despite the fallout of the COVID-19 pandemic, and both sides see an increasing necessity for cooperation in the post-virus era, Chinese and African officials said at a forum on Thursday.

    By Chu Daye | 2020/12/10 20:33:40
  • China bans more Australian beef, timber over quality hazards

    China issued more import suspension orders on beef and timber from Australia on Monday after quality hazards were spotted, and bilateral trade is now likely to shrink further. Chinese analysts following China-Australia trade said the new suspensions reflect the authorities' responsible attitude to consumers and may cause Australian exports to China to fall another 1 percent.

    By Chu Daye | 2020/12/8 22:18:40
  • Hog breeders head for more profits

    A golden era of high profits for Chinese hog farmers will last one year or more despite climbing pork production as the country gradually emerges from the influence of African swine fever (ASF), farmers and experts told the Global Times.

    By Xie Jun and Chu Daye | 2020/12/8 20:38:40
  • Ore futures surge on strong demand, Canberra tensions

    The frayed China-Australia relationship is behind a sudden peak in iron ore futures prices in China, and a Chinese commodity trading exchange has vowed to crack down on illegal futures trading, iron ore industry analysts said on Monday.

    By Yin Yeping and Chu Daye | 2020/12/7 20:44:28
  • Green Belt and Road

    A number of renewable energy projects backed by Chinese firms have blazed a trail across countries linked to the Belt and Road Initiative (BRI), propelling a green transformation as the global community seeks a more sustainable recovery in wake of the economic onslaught of the COVID-19 pandemic which has caused global energy demand and investment to shrink.

    By Chu Daye | 2020/12/7 19:03:40
  • Australian 'boycott' of Chinese products unlikely to happen: experts

    Australian politician Pauline Hanson has called for Australians to boycott products made by factories in the Chinese mainland, but it probably won't happen as it will be hard for the country to replace Chinese products, experts and Australian residents told the Global Times.

    By Xie Jun and Chu Daye | 2020/12/3 22:45:16
  • Frayed trade ties with China 'to slow' Australia's GDP growth

    Although Australia is expected to report a GDP rebound in the third quarter over the previous quarter, the impact on its economic growth from its severely frayed political and economic ties with China is yet to be felt.

    By Chu Daye | 2020/12/1 18:48:41
  • Demand for Australian coal set to fall in China in 2021

    Australia's coal exporters are likely to miss a windfall from China's recovering coal demand in 2021 and the quantity of Australian coal shipments to China reached the lowest point in history in November, analysts and industrial insiders told the Global Times on Sunday.

    By Yin Yeping, Chu Daye and Tao Mingyang | 2020/12/1 3:20:23
  • SE Asia attracts Chinese VC attention as India loses allure

    More Chinese venture capital (VC) firms and technology companies are shifting focus from the once-valuable Indian market, where uncertainty is rising, to emerging markets in Southeast Asia.

    By Zhang Hongpei and Chu Daye | 2020/11/30 19:28:40
  • Limited impact likely as COVID-19 case halts SK Hynix's Chongqing facility

    Southwest China's Chongqing Municipality, the world's No.1 production base for laptops, is expected to see limited damage to its memory chip supply chain after a COVID-19 case caused a plant owned by South Korea's semiconductor giant SK Hynix to temporarily halt production, with emergency testing of over 3,200 people. However, there might be some minor price spikes, analysts pointed out.

    By Zhang Hongpei and Chu Daye | 2020/11/29 21:45:39
  • Hualong One nuclear tech reactor starts generating power, turns China into a strong nuclear power

    China National Nuclear Corporation (CNNC) announced its Fuqing-5 nuclear reactor, China's first nuclear power project to use China's Hualong One third-generation nuclear technology, successfully generated power, and was connected to the grid early Friday morning, a milestone in China's transformation from a major nuclear power to a strong nuclear power.

    By Chu Daye | 2020/11/27 20:41:37
  • Chinese smartphones dominate Indian market despite new barriers

    Chinese smartphone brands continue to generate huge revenues in Indian market, which they dominate despite the Indian government's move to set up additional barriers and make cross-border flow of goods even more difficult.

    By Chu Daye | 2020/11/26 19:58:40
  • China, Germany urged to dial up partnership

    Germany and China could accelerate their mutual opening-up process to maintain the sound momentum in bilateral trade and investment relations, Chinese analysts said on Wednesday, as the vital talks for a China-EU bilateral investment treaty (BIT) enter the final phase.

    By Chu Daye | 2020/11/25 20:45:50
  • Canberra risks hurting its housing market with increased scrutiny on China: industry observers

    Australia's real estate sector is expected to experience a continued drop in investment from China as bilateral ties plunge to their worst level in decades, after media reports on Chinese investors pulling out of a $58.5 million Sydney property deal after facing an extraordinarily long review time from Australia's foreign investment review panel.

    By Chu Daye | 2020/11/20 18:33:41
  • APEC expected to react coldly to Trump's presumed unilateralism speech at summit

    As global leaders push for free trade at the ongoing Asia-Pacific Economic Cooperation (APEC) forum, the world couldn't help but wonder what kind of "curtain call" US President Donald Trump will deliver during his reportedly confirmed attendance on Friday, his second and probably last at the vital forum for economic cooperation in the world's most vibrant region for growth.

    By Chu Daye and Ma Jingjing | 2020/11/20 11:26:44
  • Shipping lines call for containers

    The container throughput of eight hub ports in China rose 11.1 percent in October, and throughput involving foreign trade increased 11.9 percent year-on-year, 3.3 percentage points faster than in the previous month, according to the China Ports and Harbors Association (CPHA).

    By Yin Yeping and Chu Daye | 2020/11/19 19:53:40
  • US companies emerge as winners from China's Double 11 online shopping spree

    Despite fraught ties and an ongoing trade war between China and the US, American companies seem to have just reaped a bumper sales harvest during China's November shopping festivals that will cushion their virus-battered balance sheet, initial sales data provided by China's e-commerce giants showed on Wednesday.

    By Tu Lei in Hangzhou and Chu Daye in Beijing | 2020/11/11 19:26:06
  • China-Pakistan friendship nurtured a forest in the desert of Gwadar

    During the COVID-19 pandemic lockdown, the Chinese port operator at Pakistan's southwest Port of Gwadar focused its attention on forest-planting, and has now successfully completed a friendship forest in a city situated in a desert climate, gifting the city its first ever green park.

    By Chu Daye | 2020/11/9 18:58:40
  • HK companies seek business opportunities in mainland via CIIE

    Hong Kong companies attending the third China International Import Expo (CIIE) are eyeing a new role in the country's dual circulation strategy and seeking a buffer zone from the economic onslaught of the COVID-19 pandemic, China-US trade war and local social unrest last year.

    By Qi Xijia and Chu Daye | 2020/11/4 20:18:40
  • Rejection of Australia barley tariff appeal is welcomed

    China's anti-dumping duties on Australian barley are legitimate, and they have effectively safeguarded the interests of the domestic barley industry, Chinese experts and barley growers said on Tuesday.

    By Chu Daye | 2020/11/3 22:13:41
  • Inspection of Australian lobsters meant to ensure public health

    Moves by Chinese customs to enhance inspection of Australian lobsters represent a normal safety precaution to ensure health of Chinese consumers, analysts said on Monday, after media reports suggested that tons of Australian lobsters were stranded at Chinese airports for inspection.

    By Chu Daye | 2020/11/2 21:23:40
  • China rises to 5G leadership

    China, leading the world in 5G rollout and user base, is still looking for the silver bullet that will allow the new wireless technology to live up to consumer expectations, Chinese telecom analysts said on Sunday — marking the first anniversary of the nation's 5G commercialization.

    By Zhang Hongpei and Chu Daye | 2020/11/1 19:34:10
  • New round of lockdowns in Europe, US dash West's hope of early recovery

    A new round of lockdowns in Europe and parts of the US have dashed hopes in the West of an early recovery this year, Chinese observers said. But they believe China, the country that emerged from the pandemic the strongest, will continue playing the role of stabilizer and backbone to prop up global economic development.

    By Chu Daye and Zhao Yusha | 2020/10/29 22:53:21
  • Highly anticipated 14th 5-Year Plan may focus on 'dual circulation,' tech research independence

    With major changes unfolding around the world and a global economy falling into deep recession due to COVID-19, China's forthcoming 14th Five-Year (2021-25) Plan is expected guide the economy for the years to come and provide the world with an understanding of how the country will achieve its development goals amid worldwide turbulence.

    By Ma Jingjing and Chu Daye | 2020/10/24 16:13:47
  • Telecommunications giant posts 9.9% growth in sales in first three quarters

    Amid ruthless US crackdown, Chinese telecommunication giant Huawei's sales revenue growth in the first three quarters slowed to 9.9 percent year-on-year for the first three quarters of this year, down from a 13.1 percent growth it recorded in the first half year, according to the company's latest financial report released on Friday.

    By Chu Daye | 2020/10/23 12:45:18
  • Double-digit gains seen for Double 11 as digital sales soar

    Sales of the Double Eleven (November 11) online shopping festival are expected to post a double-digit increase in China this year, and the growth rate is likely to surpass those of the Black Friday and Cyber Monday shopping promotions in the US, even though China's sales will grow from a much bigger base, a senior Chinese trade expert predicted.

    By Chu Daye | 2020/10/22 19:43:40
  • Strong Q3 GDP results leave ample policy options to ensure whole-year growth of 2-3% despite COVID-19

    The Chinese economy bounced back into positive territory — growing 0.7 percent — in the first three quarters of the year after the country has put COVID-19 epidemic under control, official data showed on Monday, as analysts predicted a further recovery would be sustained in the upcoming fourth quarter to ensure a whole-year GDP growth of 2-3 percent.

    By Chu Daye | 2020/10/19 19:42:29
  • China's retail sales projected to grow 8% in 2021: economist

    China's retail sales shrank 7.2 percent between January and September under the impact of the coronavirus pandemic, but economists said that domestic consumers' steady confidence in the nation's stable and bright economic prospects is expected to propel retail sales to 8 percent growth in 2021.

    By Ma Jingjing and Chu Daye | 2020/10/19 19:08:40
  • Virtual trade fair highlights strong economic rebound

    Empty exhibition halls, vacant parking lots and very few people pass by - no hustle and bustle, just data flowing on the display screens, and 26,000 traders and exhibitors displaying and browsing 2.35 million items virtually in the command center in Guangzhou, capital of South China's Guangdong Province. Indeed, this is "ground zero" for the Canton Fair, one of the world's largest trade shows.

    By Chi Jingyi in Guangzhou and Chu Daye in Beijing | 2020/10/15 21:59:52
  • EU tariffs on Chinese aluminum to raise costs for European firms

    An EU decision to impose anti-dumping duties of up to 48 percent on Chinese aluminum extrusion products will have a limited impact on Chinese aluminum exports in general, but it will increase production costs for downstream EU companies, Chinese experts and analysts said on Wednesday.

    By Chu Daye | 2020/10/14 19:47:57
  • Exports firing on all cylinders in Q3

    The world's factory hummed “unexpected strongly” in the third quarter as China posted a record 10.2-percent increase in exports amid the spread of COVID-19 globally, with foreign demand warming up and domestic manufacturing activity getting back to normal.

    By Chu Daye and Xie Jun | 2020/10/13 18:48:40
  • Q3 export surge puts China on track to achieve 5% GDP growth amid COVID-19 pandemic: analysts

    The world's factory was humming in the third quarter as China posted a better-than-expected 10.2 percent increase in exports amid the rampant spread of COVID-19 globally, with foreign demand warming up and domestic manufacturing activity getting back to normal, supporting quarterly GDP growth in the medium to high range.

    By Chu Daye and Xie Jun | 2020/10/13 10:00:02
  • Shenzhen ushers in new pilot reforms

    In a highly anticipated move, China's central authorities released detailed measures on Sunday which aim to build Shenzhen, a city neighboring Hong Kong, into a socialist demonstration area in the next five years, underscoring the country's determination of further opening-up amid growing external pressure, as well as its ambition of integrating its reform pioneer deeper into a greater bay area that could rival others like Tokyo and San Francisco.

    By Chen Qingqing, Chi Jingyi and Chu Daye | 2020/10/12 0:23:39
  • S. Korean companies not scaling down business links with China

    South Korean companies are not scaling down transactions with China even as some of them make global supply chain changes after the COVID-19 outbreak, a survey showed over the weekend. Chinese experts said the survey showed that most South Korean firms are betting on the Chinese market for their recovery.

    By Chu Daye | 2020/9/28 19:28:40
  • Nation demonstrates third-generation nuclear reactor CAP1400

    The research and development work for China's domestic third-generation nuclear reactor project called CAP1400 (Guo He One) has been completed, State Power Investment Corp (SPIC) announced on Monday.

    By Huang Lanlan and Chu Daye | 2020/9/28 18:52:52
  • Exporting TikTok tech to US unlikely

    As ByteDance, parent company of viral short-form video app TikTok, applied to Chinese authorities for a permit for the TikTok deal in the US, Chinese analysts said the chance of approval of the current arrangement is slim over technological, legal and political reasons.

    By Chu Daye | 2020/9/24 20:18:41
  • WTO gets moral support from G20

    Chinese World Trade Organization (WTO) experts said the world trade body received needed nominal support after the trade and investment ministers of the Group of 20 (G20) countries vowed on Tuesday to support the necessary reform of the WTO.

    By Chu Daye | 2020/9/23 21:53:40
  • Wary response to India's 'softening' on banning Chinese products

    Chinese netizens and experts expressed caution after India's minister of electronics and information technology said last week there are no proposals to ban all China-linked mobile apps or exclude Chinese companies from 5G contracts for wireless equipment. He made the comments during a question-and-answer session in the Indian parliament.

    By Chu Daye | 2020/9/22 20:19:57
  • India's loan to Maldives 'politically motivated'

    India's aid to the Maldives comes with geopolitical ulterior motives, a Chinese analyst said on Monday, commenting on India's just announced loan to help the island nation emerge from the post-virus economic crisis.

    By Chu Daye | 2020/9/21 21:43:40
  • Top Chinese tech players make a splash in Singapore

    As a video clip featuring Indian Prime Minister Narendra Modi hunting down Chinese apps goes viral on Indian social media, many Chinese internet firms are expanding their footprints in Singapore, a global financial hub in Southeast Asia.

    By Chu Daye | 2020/9/16 22:23:41
  • August economic data show improved outlook for GDP expansion

    China's major economic indicators continued to rebound in August, despite the dual pressure of the COVID-19 pandemic and the summer flooding, the National Bureau of Statistics (NBS) said on Tuesday.

    By Chu Daye and Chen Qingqing | 2020/9/15 18:48:40
  • China's investment sharply down in Australia amid rising bilateral tensions

    Australia successfully shut its door to Chinese investment, which has fallen to a fraction of its peak two years ago, Chinese analysts said on Monday in response to a study released on Sunday.

    By Chu Daye | 2020/9/14 21:03:40
  • Plan for Tesla to sell Made-in-China Model 3 to Asia, EU makes sense: analysts

    Chinese automotive analysts said on Friday that Tesla's reported plan to export Made-in-China Model 3 vehicles to Asian and European markets makes perfect sense, as it seems to be part of the US electric car firm's "build-in" China strategy.

    By Chu Daye | 2020/9/11 23:32:51
  • US stock rout is linked to Trump administration's technology war

    The US stock market's recent rout is in part linked to the Trump administration's escalating technology war with Beijing, a Chinese stock analyst said on Wednesday, after the NASDAQ officially entered correction territory, having lost more than 10 percent in the past three sessions and suffering its worst week since March.

    By Chu Daye | 2020/9/9 19:48:40
  • Speedy work made on new catalogue encouraging foreign investment: vice minister

    China's Ministry of Commerce (MOFCOM) is set to roll out the latest revised catalogue of industries that encourage foreign investment, Vice Minister of Commerce Wang Shouwen said at the China International Fair for Investment & Trade on Tuesday.

    By Chu Daye | 2020/9/9 1:01:24
  • Game over for Indian players as government bans Chinese apps: analysts

    India's mobile gaming companies may lack the ability to fill the void in the domestic market after the Indian government widened its ban on Chinese apps, including the phenomenon PUBG developed by Chinese internet giant Tencent, analysts said.

    By Chu Daye | 2020/9/7 20:33:40
  • Australian economy faces dim outlook

    Australia, once a model among Western countries in fighting COVID-19 earlier this year, has recorded its first recession in 29 years amid a sudden resurgence of the pandemic. Chinese analysts said Canberra's politicization of its trade and economic ties with China, its largest trading partner, will delay the country's economic recovery.

    By Chu Daye | 2020/9/2 21:43:40
  • New export controls won't have big impact on BDS services: insider

    China's efforts to better protect some of its most advanced technologies, through the means of a newly updated export control catalogue published on Friday, will not slow down global use of the BeiDou Navigation Satellite System (BDS), an industry insider told the Global Times on Tuesday.

    By Chu Daye | 2020/9/1 20:18:40
  • Chinese partners may begin making Russia's Sputnik V vaccine in November

    The Russian Direct Investment Fund (RDIF), which provided funding for the Sputnik V vaccine, is in in talks with Chinese partners, producers and distributors and eyeing for production of the Russian vaccine as earlier as in November, the head of the Russian sovereign fund told the Global Times in an exclusive interview.

    By Chu Daye and Hu Yuwei | 2020/8/31 19:33:41
  • French companies value China's key standing in global supply chain

    Despite the US' rising anti-globalization and protectionist tendencies, China and France continue to move forward and deepen bilateral economic and trade cooperation. French companies have already found great development opportunities in China; in fact, in the post-pandemic era, their confidence in the Chinese market will only further increase, betting on China's large role in the global economy and supply chain.

    By Ma Jingjing and Chu Daye | 2020/8/28 17:17:02
  • India decouples with China in oil trade

    India's reported actions to decouple China in crude oil trade, which is another economic and trade conflict introduced by the South Asian country to occupy more mind space from China, and will have little effect due to the tiny size of trade, Chinese energy experts said on Friday.

    By Chu Daye | 2020/8/28 17:08:40
  • China suspends exports from a fifth Aussie abattoir, additive issues worth attention: analyst

    China's customs authority announced that major Australian abattoir John Dee will be forced to stop selling its meat products to China following the discovery of banned “antibiotic residue” in some products, causing Chinese analysts to suggest that more attention be taken over the quality of meat imports.

    By Chu Daye | 2020/8/28 14:11:44
  • Canberra's move to veto BRI deal weighs on its recovery amid virus

    A move by Australia's federal government to seek new legislation for its “national interests,” which will give Canberra the power to veto the Belt and Road Initiative (BRI) deal reached between the state of Victoria and China, could worsen souring bilateral ties, Chinese experts said Thursday.

    By Wang Bozun and Chu Daye | 2020/8/27 21:38:40
  • China and US chief trade negotiators hold talks, agree to push for phase one deal

    The phone call made on Tuesday by chief trade talk negotiators from China and the US and the ensuing announcements showed that there is still enough will from the two sides to implement the phase one trade deal, despite doubts that the deal might be on shaky ground after the call was not held at a pre-scheduled time, Chinese analysts said on Tuesday.

    By Chu Daye | 2020/8/25 20:45:35
  • Foreign firms marvel at Shenzhen's rise

    Foreign companies that have witnessed China's reform and opening-up firsthand in Shenzhen, the pioneering city in South China's Guangdong Province, said that their businesses flourished in the Chinese market as Shenzhen underwent tremendous transformation over the past four decades, and they are eager to participate in the city's next chapter as its openness and inclusiveness remain unchanged.

    By Zhang Dan and Chu Daye | 2020/8/24 23:08:41
  • ByteDance to sue US govt over TikTok ban on Monday

    ByteDance, the parent company of short-video platform TikTok, confirmed on Sunday that it will file a lawsuit on Monday (US time) against the Trump administration over its executive order, in the first fight back by a Chinese corporation against US President Donald Trump's clampdown on Chinese social media amid an escalating tech war.

    By Chu Daye | 2020/8/23 21:17:58
  • Apple makes history, Chinese market helps

    Amid a trade war that has seen huge amount of money lost on both sides of the Pacific, and persistent attempts by the Donald Trump administration to decouple with China in the technology sphere, Wall Street placed the laureate of the world's most valuable listed company on Apple Inc, the giant that is most reliant on the Chinese mainland market among the four largest US tech giants.

    By Chu Daye and Ma Jingjing | 2020/8/20 22:06:53
  • New Delhi still welcomes Chinese investment: experts

    Despite some Indians calling for boycotting Chinese products, Chinese businesses investing there are mostly positive, pinning hope on its growing market.

    By Chu Daye and Zhang Hongpei | 2020/8/20 20:38:40
  • Import diversification efforts for iron ore pay off in 1H, trend to continue

    The world's steel mills are back to business, with iron ore prices soaring in August, but Chinese analysts said the market share enjoyed by Australian and Brazilian iron ore may decline in the future, given the trend seen in the first half.

    By Chu Daye | 2020/8/17 22:28:10
  • Tesla broke contract in group buying dispute: lawyers

    Chinese netizens staged a heated debate after US electric carmaker Tesla terminated the contract of a client who took part in a promotional group purchase offered by Pinduoduo, one of China's largest e-commerce platforms known for team purchases.

    By Chu Daye | 2020/8/16 22:43:40
  • China to prioritize safety inspections of ports after Beirut blast

    China's top leader expressed condolences to the victims of the deadly blast in the Lebanese capital Beirut, and the Chinese Foreign Ministry said China is willing to offer help, while Chinese UN peacekeepers in Lebanon stand by for rescue operations in the country.

    By Leng Shumei, Cao Siqi and Chu Daye | 2020/8/5 21:08:40
  • India's checks on re-routed imports to have little impact: expert

    China should watch how far India can go in its reported intention to increase the barriers on imports from Southeast Asian countries to restrict Chinese goods entering the country via re-routing, Chinese experts said Tuesday.

    By Chu Daye | 2020/8/4 18:48:40
  • TikTok ban extension of US economic, political assaults

    Following a string of acts against Chinese companies ranging from Huawei to those listed on US stock exchanges, the Trump administration is now targeting TikTok, the short-form video app owned by a Beijing-based tech company, saying that they would ban its operations in the US.

    By Xie Jun and Chu Daye | 2020/8/2 20:08:38
  • China's entertainment industry cautiously optimistic

    Industry insiders expressed their cautious optimism and relief as Beijing, the cultural center of the world's second-largest economy, eased restrictions on its cultural and entertainment services industry amid progress in containing the COVID-19 epidemic.

    By Chu Daye | 2020/7/23 23:46:54
  • India's 5G solution 'unlikely' homegrown: analysts

    India's homegrown 5G solution, announced by the country's richest man, Mukesh Ambani, is unlikely to be entirely a domestic effort, Chinese telecom analysts said Monday.

    By Chu Daye and Shen Weiduo | 2020/7/20 21:01:38
  • CPEC construction will not be hindered by COVID-19 pandemic: expert

    The construction of the China-Pakistan Economic Corridor (CPEC) will not be decelerated but is instead progressing, a leading Chinese academic on the CPEC told the Global Times after Indian media reported that Chinese personnel working at CPEC projects lodged concerns over virus prevention and control efforts by the Pakistani government.

    By Chu Daye | 2020/7/20 20:48:42
  • Insiders upbeat on Hubei travel market

    Industry insiders are upbeat in the tourism sector in Central China's Hubei Province after the province resumed group travels across the provincial border, a milestone in China's fight to contain the COVID-19 epidemic.

    By Chu Daye | 2020/7/19 21:35:27
  • China very likely to achieve 2-3 percent GDP growth for 2020: economists

    China's economy is likely to grow 2-3 percent in 2020 and above 5 percent growth in the second half, riding on the momentum of a speedy economic rebound that propelled China's second-quarter GDP to return to an expansion of 3.2 percent, Chinese economists said.

    By Li Xuanmin and Chu Daye | 2020/7/16 16:22:35
  • China's GDP up 3.2% in Q2, becomes 1st major economy to return to growth in wake of COVID-19

    China's GDP contracted 1.6 percent for the first time in the first half of a year in nearly three decades, battered by COVID-19 headwinds. But in the second quarter, the economy grew 3.2 percent, reversing from a 6.8-percent contraction in the first quarter, a sign of the resilience deeply rooted in China's economy amid a global freefall when the coronavirus pandemic has plunged most major economies into a near standstill.

    By Li Xuanmin and Chu Daye | 2020/7/16 10:00:53
  • China's GDP likely expanded 2-3% in Q2

    High-frequency data such as industrial power consumption and raw steel production are pointing to a stronger June industrial performance that could result in the Chinese economy returning to positive territory with a growth rate of 2-3 percent in the second quarter, Chinese analysts said Wednesday.

    By Chu Daye | 2020/7/15 23:23:40
  • Lockheed Martin faces China's sanctions over Taiwan deal

    China will impose sanctions on US-based arms producer Lockheed Martin, the main contractor of the recertification of its Patriot Advanced Capability-3 (PAC-3) air defense missiles of the island of Taiwan.

    By Liu Xuanzun, Chu Daye and Tu Lei | 2020/7/14 21:16:34
  • China-India sea trade rates rise amid India's economic hostility toward China

    Shipping rates from China to India are rising, partly due to global shipping firms' rate hikes and partly due to India's economic hostility toward China, industry insiders told the Global Times.

    By Chu Daye | 2020/7/13 21:33:40
  • Shanghai ranks third in shipping world backed by high-end services: industry index

    For the first time in six years, Shanghai has become one of the world's top three shipping centers, an industry report showed.

    By Qi Xijia and Chu Daye | 2020/7/12 21:28:40
  • Chinese app service providers in India to shed local jobs quickly

    Chinese app service providers hamstrung by India's ban could begin closing their offices and shedding local jobs in the country in a month's time, an industry insider told the Global Times Thursday.

    By Chu Daye and Zhang Hongpei | 2020/7/9 20:28:41
  • Premier Li's visit to China's Data Valley shows emphasis on tech-powered economic upgrading

    The visit by Chinese Premier Li Keqiang to a big data center in Southwest China's Guizhou Province shows the government's emphasis on developing the data industry while the country is ramping up efforts to develop the “new infrastructure” projects.

    By Zhang Dan and Chu Daye | 2020/7/8 23:38:40
  • Chinese materials indispensible to Indian Army's armor equipment despite boycott campaign

    It may come as a surprise to many that amid the current fanfare of India's "boycott China" campaign and other animosity toward Chinese goods and companies, Indian Defense Minister Rajnath Singh has admitted to the country's parliament that there was "no embargo" on imports of raw materials from China for the manufacturing of protective jackets for the army.

    By Chu Daye and Yin Yeping | 2020/7/8 19:43:40
  • India begins to target Chinese investment, inviting Chinese retaliation

    India is posturing for a complete economic decoupling from China, willing to decapitate its high-tech upstarts as media reports suggested a key technology venture risked facing a cut-off from Chinese capital.

    By Chu Daye | 2020/7/6 19:18:40
  • 50% cut in Chinese FDI poses bleak prospect for Indian economy

    Double blows from the COVID-19 pandemic and hostility of the Indian government may turn 2020 into a turning point for Chinese investment to India, according to a Global Times survey of experts on China-India economic and trade relations.

    By Chu Daye and Ma Jingjing | 2020/6/30 19:43:40
  • China can help India fight desert locust invasion

    China could help India to address a locust plague with its emergency response capacity in pest control, although Chinese experts and industry insiders pointed out that the Indian government should create the right conditions for such disaster relief, citing the "boycott China" movement in the country and intentional delays at Indian customs in recent days.

    By Chu Daye | 2020/6/28 20:03:43
  • Chinese Yuan needs more currency swap programs to achieve internationalization: NDB

    Chinese domestic currency's global footprint could be expanded further provided the implementation of more currency swap programs that allow the New Development Bank (NDB) to issue yuan-denominated loans to economies of the BRICS countries; that is, Brazil, Russia, India, China and South Africa, the NDB bank's vice president told the Global Times in a recent interview.

    By Chu Daye | 2020/6/26 17:15:34
  • Maharashtra's decision intensifies investors' worries

    India is being “incredible” with one of its most developed states putting on hold business plans with Chinese companies in the wake of the recent border clash, a Chinese expert said.

    By Chu Daye | 2020/6/23 19:48:40
  • As China diversifies imports, time running out for Australia

    Time is running out for Canberra to repair fraught ties with Beijing, which have deteriorated sharply in recent months, as China has diversified its agricultural product imports, allowing four more Russian dairy companies to enter the Chinese market, Chinese experts said on Monday.

    By Wang Bozun and Chu Daye | 2020/6/22 19:48:40
  • China implements more US orders, unrelated to Hawaii meeting

    Chinese experts following the China-US trade deal said on Friday that "large numbers of signed but hitherto unimplemented" purchase contracts are beginning to be executed.

    By Chu Daye | 2020/6/19 20:23:40
  • Frozen seafood imports to sustain losses after coronavirus outbreak in Beijing's Xinfadi market

    Imports of frozen and freezing food will take a heavy hit due to a series of probes launched after a sudden coronavirus outbreak at Beijing's Xinfadi market points to risks in cold chain logistics and consumers choosing to stay away from the food, Chinese expert and industry insiders said on Friday.

    By Chu Daye | 2020/6/19 14:13:40
  • Chinese companies pioneer Africa's economic reboot

    From donating personal prevention equipment to training locals in pandemic prevention knowledge, Chinese companies have been helping African countries combat COVID-19 spread while assisting them to revive economies, representatives from the companies told the Global Times.

    By Chu Daye and Wang Bozun | 2020/6/17 21:58:40
  • Giants battle for market share as consumer spending rebounds in 618 shopping festival

    Domestic e-commerce giants are engaged in a pitched battle for the mid-year online shopping spree known as "618 shopping festival," offering unprecedented discounts and rebates and miscellaneous promotions, as China's consumption has recovered to pre-pandemic levels.

    By Xie Jun and Chu Daye | 2020/6/17 21:48:40
  • China's economy is recovering in May, but statistics underline growth difficulty

    China's industrial output, fixed-asset investment and retail sales continued to rebound in May, the second full month after the world's second-largest economy reopened after it largely contained the COVID-19 outbreak.

    By Chu Daye | 2020/6/15 19:28:40
  • Domestic coal glut bad sign for mines Down Under

    A persisting supply glut in China's coal industry in recent weeks is increasing the likelihood that China will restrict Australian coal imports as bilateral ties plunge to their coldest point in decades, Chinese analysts said Thursday.

    By Chu Daye | 2020/6/11 20:48:40
MORE