China unveiled a set of measures on Sunday to further optimize its departure tax refund policy to better meet overseas tourists' needs and expand inbound consumption. Chinese observers and industry participants said the continued opening up move will elevate China's standing as a global tourist destination and contribute to domestic consumption by giving foreign tourists more benefits.
Editor's Note: The role of the Global South as a stabilizing force in today's increasingly complex and uncertain world has been increasingly highlighted, as unilateralism and protectionism are rampant. How will such a role underpin regional and global development? How will the Belt and Road Initiative (BRI) further boost cooperation among countries in Southeast Asia? In an interview with Global Times' Chu Daye (GT), Ong Tee Keat, president of Belt and Road Initiative Caucus for Asia Pacific and former deputy speaker of the lower house of the Malaysian Parliament, shared his views on these questions as well as China-Malaysia BRI cooperation.
Weeks after the US imposed across-the-board tariffs as high as 245 percent on Chinese goods, Chinese merchants' reactions have turned from shock to anger and then to calm. Now they are working tirelessly to cope with the impact, with the help of relevant actors in the market, the Global Times learned.
As hundreds of global finance leaders descend on Washington for the semi-annual gatherings of the International Monetary Fund (IMF) and World Bank Group, the negative impacts of the US tariffs on the world's least developed countries (LDC) have come under media spotlight.
China and Brazil have accelerated business exchanges lately, with the two countries reportedly discussing a series of agricultural purchase deals. The move is taken against the backdrop that the US has launched reckless trade tariffs, forcing China to take counter measures.
China's GDP grew by 5.4 percent in the first quarter of 2025, higher than broad market expectations as the world's second-largest economy got off to a very strong start and laid a solid foundation for the economy to achieve its goal of growing around 5 percent for the whole year, despite escalating US tariff pressures.
The 100th reusable rocket engine of the TQ series rolled off the production line on Tuesday of a Chinese private space company, a landmark event in the development of the Chinese commercial space industry, according to China Media Group (CMG).
China's foreign trade in goods in the first quarter of 2025 grew by 1.3 percent year-on-year, reaching 10.3 trillion yuan ($1.41 trillion), surpassing 10 trillion yuan for eight consecutive quarters and marking a stable start to the year, as various support policies continue to take effect, official data showed on Monday.
China's total social financing reached 422.96 trillion yuan ($57.82 trillion) as of end-March, up 8.4 percent year-on-year, the People's Bank of China (PBC) said on Sunday. The growth rate was at a relatively high level during the past year and afforded solid support to the real economy, the Xinhua News Agency reported, citing PBC data.
Ports from north to south in China posted robust growth in their throughput in the first quarter, with several achieving best-in-history results. A Chinese analyst said that the performance is an indication of the resilience of China's foreign trade and the broader economy, as the government's incremental policies took hold.
The world's manufacturing purchasing managers' index (PMI) showed a notable decline in business activity last month, with a significant drag from the Americas, according to the China Federation of Logistics and Purchasing (CFLP) on Sunday.
As China wraps up a week in which it hosted two top-level international forums - the China Development Forum (CDF) 2025 and the Boao Forum for Asia (BFA) Annual Meeting 2025 - to drive home its commitment to high-quality opening-up and cooperation, Chinese President Xi Jinping met with representatives of the international business community in Beijing on Friday, telling them China's door will only open wider.
The Shengli Oilfield, under China Petrochemical Corp (Sinopec Group), the country's largest oil refiner, said its Jiyang shale gas oilfield has officially passed a review and documentation process at the Ministry of Natural Resources to become China's first oilfield with a reserve of 100 million tons of shale oil, news portal stdaily.com reported on Sunday.
China has further expanded the scope of a pilot program that facilitates and optimizes cash-pooling services for multinational companies, in accordance with the guidelines of the Central Economic Work Conference, the People's Bank of China (PBC), the country's central bank, said in a statement on Thursday.
As China's two sessions have set the economic growth target of around 5 percent for 2025, economists and analysts have highlighted boosting domestic consumption, fostering high-tech growth and healthcare-related sector as some of the key grippers to drive the growth momentums of the world's second-largest economy.
The 14th National People's Congress (NPC), China's national legislature, held the closing meeting of its third session on Tuesday. Chinese President Xi Jinping and other leaders attended the meeting at the Great Hall of the People in Beijing.
Amid another wave of high-tech frenzy that began this year, with the rise to fame of the likes of the DeepSeek chatbot and the UniTree humanoid robot, multiple national lawmakers and political advisors from various high-tech fields have noted the importance of applying high-tech in real-life industries and scenarios.
US tariffs have sparked widespread concern among American industry players, economists and media outlets over potential adverse impact on the US economy that could raise costs and burdens for US businesses and consumers, according to several US media reports.
China's GDP target of around 5 percent for 2025 is achievable if the country works hard, boosted by hardcore technologies, people-oriented investment, and an innovative ecosystem, Tian Xuan, a deputy to the National People's Congress (NPC) and associate dean of Tsinghua University's PBC School of Finance, told the Global Times in an exclusive interview.
The development of traditional Chinese medicine (TCM) became a widely discussed topic at China's ongoing two sessions, with deputies and political advisors highlighting its role in supporting the economy and people-to-people exchanges with foreign countries.
Landscape of China's technological development in 2025 will be very interesting, a National People's Congress deputy said on the sidelines of the ongoing two sessions.
China will strive for solid progress in pursuing high-quality Belt and Road cooperation, and will advance both major signature projects and "small and beautiful" public wellbeing projects and produce a number of exemplary cooperative project deliverables, according to a Government Work Report submitted Wednesday to the national legislature for deliberation.
New quality productive forces have great potential in improving efficiency and lowering costs in China's vast agricultural sector, a political advisor told the Global Times on Wednesday on the sidelines of the ongoing two sessions.
The 14th National People's Congress (NPC), China's national legislature, opened its third session on Wednesday morning at the Great Hall of the People in Beijing.
Green development, including green building renovation and innovation in the photovoltaic (PV) industry, is set to be the focal point for some panel discussions during the two sessions, the annual meetings of China's top legislature and top political advisory body, the Global Times learned on Tuesday from a deputy to the National People's Congress (NPC) and a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC).
The artificial intelligence (AI) service offered by Chinese AI start-up DeepSeek could impact the world as it becomes increasingly integrated into the Chinese economy, said a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body.
Quantum computing could reduce the time to train artificial intelligence (AI) from weeks to merely hours, or even shorter, a senior Chinese quantum computing scientist told the Global Times in an exclusive interview on the sideline of China's annual Two Sessions.
The Chinese People's Political Consultative Conference (CPPCC) National Committee, China's top political advisory body, held a press conference on Monday, one day before its annual session, as the eyes of the world turn to China for the two sessions.
A number of foreign infant formula brands scored a win in the Chinese market in 2024, with some recording double-digit growth.
The Perennial General Hospital Tianjin, China's first wholly foreign-owned, third-grade general hospital, commenced operations in North China's Tianjin Municipality on Wednesday, as the country pushes forward its plan to open up its medical sector to foreign investors.
Shanghai Port completed automobile roll-on, roll-off (ro-ro) throughput of 3.63 million vehicles in 2024, an increase of 15 percent year-on-year. The port's auto throughput jumped to the world's No.1 spot for the first time, according to China Media Group (CMG) on Tuesday.
China will continue to ramp up the supply of grains and other important agricultural products to safeguard food security, as the "No. 1 central document" stipulated, said Han Wenxiu, an executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, on Monday.
China unveiled its "No. 1 central document" for 2025 on Sunday, outlining the priorities for further deepening rural reforms and taking solid steps in advancing all-around rural revitalization. The document emphasizes further strengthening the supply of key agricultural products to safeguard grain security and developing new quality productive forces in agriculture, among other tasks.
A number of top scenic sites in China have deployed AI-enhanced exoskeleton robots to assist tourists, the Global Times has learned.
China's holdings of US Treasury bonds fell to $759 billion in December, according to data released by the US Treasury Department on Tuesday (US time). It marked a ninth month of declines in China's holdings of US government debt in 2024, according to the data.
Goods worth more than $292 million were processed by the Chancay Port in Peru, a flagship project under the Belt and Road Initiative (BRI), during the port's first three months of operation, China Media Group (CMG) reported on Tuesday, citing data from Peruvian customs and tax authorities.
Hainan, China's southernmost tropical island province, has announced a draft proposal of major supportive measures to boost the low-altitude economy in the province, according to a report on the provincial government's website on Sunday.
As the first romantic holiday after the Spring Festival holidays, this year's Valentine's Day has seen a surge in spending on flowers and gifts, highlighting expanding consumption as the government focuses on boosting consumption growth.
Drilling on a new swath of ultra-deep crude oil wells in the depths of the Taklamakan Desert, Northwest China's Xinjiang Uygur Autonomous Region, has started after the Spring Festival holiday, the state broadcaster CCTV reported.
Merchants in Yiwu, East China's Zhejiang Province responded to the additional 10 percent tariffs imposed on Chinese goods by US administration of Donald Trump with various measures to beef up the competitiveness of their products, with some businesspeople pointing out the tariff-induced costs will be ultimately passed to consumers in the US.
Chinese satellite Internet solution provider and private satellite maker GalaxySpace and Thai telecom operator True Corporation on Monday inked a deal to carry out in-depth cooperation in low-orbit satellite communication technology, space-to-ground integrated network solutions, and mobile phone direct satellite communication technology to jointly promote the research and development (R&D) and verification of related technologies.
Bullet trains specially designed for icy conditions and cranberries that are being cultivated in space are some of the highlights of "Made in Northeast China" products that are serving the 9th Asian Winter Games.
After work in the Year of the Snake officially started on Wednesday, Chinese localities began to roll out massive investment projects across a wide range of sectors, including those related to new quality productive forces, which an economist said will better support the economy in 2025.
A number of Chinese electric vehicle (EV) brands have announced ambitious sales targets for 2025, with some eyeing over 100-percent year-on-year growth, the Global Times learned on Wednesday.
Responding to a question on US tariffs on Chinese goods, Foreign Ministry spokesperson Lin Jian said on Wednesday that the US has levied a 10 percent additional tariff on Chinese imports under the pretext of the fentanyl issue. China firmly deplores and opposes this move. The measures China has taken are necessary to defend its legitimate rights and interests.
China will impose additional tariffs on certain US products starting from February 10, and the country has filed a lawsuit with the WTO against US tariff hikes, which came into effect on February 4.
Editor's Note: As a new wave of consumption fervor sweeps the nation, China is gathering momentum for an accelerated recovery in 2025. The eight-day Spring Festival holidays have become an "unprecedented" peak season for consumption amid various policies to spur holiday spending, with ice and snow sports and tourism activities being a highlight. This is one of a series of articles displaying the market potential of the world's second-largest economy.
Tencent Cloud, a cloud computing service operated by Chinese internet giant Tencent, announced on Sunday that it has deployed Chinese artificial intelligence (AI) startup DeepSeek's R1 model onto its Hyper Application Inventor application service, enabling developers to seamlessly access the AI service within just three minutes, the company announced in a statement on Sunday.
China's Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is experiencing a surge in tourism as domestic and foreign tourists took advantage of the country's visa facilitation measures, according to media reports on Sunday.
Use of the yuan reached to 3.75 percent of global payments in December, securing its position as the fourth most active currency, data from global payment services provider Society for Worldwide Interbank Financial Telecommunication (SWIFT) showed on Thursday.
Chinese provincial governments are all-out to stabilize foreign trade this year, leveraging a barrage of supportive policies rolled out by the central government since the third quarter last year.
The Chinese Ministry of Commerce (MOFCOM) said on Thursday that it has received reports from domestic companies of concerns over unfair subsidies the Biden administration is giving to US chipmakers, and said that Chinese investigating authorities will review them in accordance with relevant Chinese laws and regulations, and will follow World Trade Organization rules, initiating investigations as required by law.
Several foreign drugmakers have announced debuts for their new drugs in the Chinese market since the beginning of 2025, as the Chinese government continues to push for opening-up in the healthcare sector.
The Communist Party of China (CPC) Central Committee and the State Council have unveiled a guideline to deepen reforms in eldercare services, with an emphasis on integrating the latest technologies to boost service standards in the sector and maintaining a high-level opening-up to foreign investors.
A number of economic powerhouse provinces have announced plans to get the economy off to a good start in the first quarter, with supportive measures covering consumption, investment and an improved business environment.
China State Railway Group Co (China Railway), the country's railway operator, introduced a new national rail timetable on Sunday to enhance the massive railway system's transportation capacity and efficiency.
The move by the US commerce department is yet another attempt to create protectionist barriers to promote the US domestic drone industry, using national security as a pretext, according to an expert.
Trade in the Himalayan region has seen robust growth in 2024, with Nepal's trade with Southwest China's Xizang Autonomous Region skyrocketing by 75.8 percent year-on-year to 4.42 billion yuan ($606 million) in the first 11 months. China and Nepal signed a framework agreement to promote Belt and Road cooperation in early December. The Global Times (GT) reporter Chu Daye recently had an exclusive interview with the Chinese Ambassador to Nepal Chen Song (Chen), during which the envoy shared his views on the latest development of bilateral trade and economic cooperation and China's Belt and Road cooperation with the South Asian country.
Transport infrastructure has played a significant role in driving socio-economic progress of Southwest China's Xizang Autonomous Region, a Chinese expert said, on the occasion of the 70th anniversary of the Qinghai-Xizang and Sichuan-Xizang highways on Wednesday.
North China's Tianjin Municipality granted China's first medical institution practice license to a wholly foreign-owned general hospital on Monday, marking a first move since the country unveiled its plan in November to allow the establishment of wholly foreign-owned hospitals in a number of major cities, a move to further open up its medical sector.
Sales revenues of home appliances under the policy-backed trade-in program reached 201.97 billion yuan ($28.11 billion) as of Friday and green products have become the favorite products for consumers, data from the Ministry of Commerce (MOFCOM) showed on Saturday.
China's railway sector achieved a new record, handling 4.01 billion passenger trips during the first 11 months of 2024, significantly higher than the 3.86 billion handled for the whole year of 2023, according to data from the national railway operator released on Wednesday.
Vietnam on Saturday approved the construction of a high-speed railway connecting the capital Hanoi in the north to Ho Chi Minh City in the south at an estimated cost of $67 billion.
As more than 600 companies from around the globe attend the 2nd China International Supply Chain Expo (CISCE II) in Beijing, which runs through Saturday, the theme of collaboration for mutual development has been further emphasized.
Chinese agricultural sector has achieved a set of technological breakthroughs, with advancements in many areas setting global standards, Dhanin Chearavanont, senior chairman of Thailand's Charoen Pokphand Group, told the Global Times during the second China International Supply Chain Expo (CISCE) in Beijing on Tuesday.
As over 1,300 participants from over 100 countries and regions as well as international organizations attended the opening ceremony of the second China International Supply Chain Expo (CISCE), which kicked off on Tuesday in Beijing, Chinese Vice President Han Zheng called for promoting win-win cooperation, optimization and upgrading as well as green transition of global industrial and supply chains.
The president of Mexico said on Friday local time that Chinese products are not entering the US and Canada through Mexico, and the Mexican government will make that clear in upcoming trade meetings, according to Reuters.
Robust trade between China and Brazil continues to promote mutually beneficial bilateral trade and economic ties, while a number of sectors have profound growth potential, industry insiders from the two countries said.
With the global economy, including China's, facing challenges, some Western politicians and media outlets have stepped up smear campaigns against the world's second-largest economy. They selectively highlight information and distort facts to promote their narratives like “Peak China,” while ignoring China's economic resilience and growth potential. To set the record straight, the Global Times is launching a multimedia project featuring in-depth articles, analyses and visual arts to provide a balanced and accurate portrayal of the Chinese economy. This is the 17th installment of the series.
China's Ministry of Commerce (MOFCOM), along with the Ministry of Industry and Information Technology, the General Administration of Customs, and the State Cryptography Administration, issued a list on Friday for export control of dual-use items, which will take effect on December 1, MOFCOM said.
China posted improving economic data for October as a series of existing and new support policies took effect. Chinese officials and analysts said that as more of these policies are implemented, economic recovery and growth will be further consolidated.
China's annual output of new-energy vehicles (NEVs) surpassed 10 million units as of Thursday, making it the first country to achieve this milestone, CCTV News reported on Thursday.
Three Chinese ministries rolled out a package of tax incentives to invigorate the real estate market on Wednesday, in what an analyst said would be a sizable boon to support the healthy development of the housing market.
An unassuming plant in Northeast China's Changchun produces a top-quality new material that is widely used in today's high-tech industries. The German investor noted that this is Chinese technology created in China for the world. Success stems from China's robust industrial supply chain, entrepreneurial vigor of its Chinese partners and the favorable conditions unique to China.
The Standing Committee of the 14th National People's Congress, China's top legislature, on Friday approved a bill to raise the local government debt ceiling by 6 trillion yuan ($836.74 billion) to replace existing hidden debts of local governments, according to a press conference held in Beijing on Friday.
A draft revision to the Anti-Money Laundering Law was submitted for a third deliberation at a session of China's top legislature on Monday, according to the Xinhua News Agency.
The number of Australian companies attending this year's 7th China International Import Expo (CIIE) in Shanghai has reached a new record high, underscoring the strong confidence and enthusiasm of Australia's business community for deepening economic ties with China, Minister of Commerce Wang Wentao has said.
With the global economy, including China's, facing challenges, some Western politicians and media outlets have stepped up smear campaigns against the world's second-largest economy. They selectively highlight information and distort facts to promote their narratives like “Peak China,” while ignoring China's economic resilience and growth potential. To set the record straight, the Global Times is launching a multimedia project featuring in-depth articles, analyses and visual arts to provide a balanced and accurate portrayal of the Chinese economy. This is the 16th installment of the series.Training highly skilled workers is of great significance for China's manufacturing sector take-off, allowing the world's manufacturing hub to adapt to the needs of new industrialization in order to fulfill the goal of Chinese modernization at an early date.
Macao's traditional Chinese medicine (TCM) industry stands to benefit from cooperation in the Greater Bay Area, especially from closer cooperation with Hengqin in South China's Guangdong Province, Choi Peng Cheong, president of the Pharmaceutical Supervision and Administration Bureau of Macao, told the Global Times in a recent exclusive interview.
In mid-October every year, in Heihe, Northeast China's Heilongjiang Province, the last batch of tourists who have come for a taste of the autumn's glamour are hurried off by a fast drop in temperatures.
Shanghai-based Hudong-Zhonghua Shipbuilding Co, a subsidiary of China State Shipbuilding Corp, signed yuan-based contracts to build 12 large container ships within the past 10 days.
As a major northern gateway, Heihe is a small city in Northeast China's Heilongjiang Province, bordering Russia.
As the first batch of Chilean cherries arrived at Shanghai, more and more Chinese ports will start receiving cherries, the Global Times learned.
Just over 10 months after having set off on its maiden voyage, China's first domestically built large cruise ship, the Adora Magic City, has made 64 voyages and transported about 250,000 passengers, according to state broadcaster CCTV on Monday.
German auto giant Mercedes-Benz said it considers the European Commission (EC)'s tariffs on Chinese electric vehicles "a mistake that can lead to far-reaching negative consequences," and calls for the postponement of the enforcement of the tariff measures, following a crucial EU vote on the EV issue.
A shipment of Kenyan dried wild sea cucumber arrived at the Changsha Huanghua International Airport in Central China's Hunan Province and hit the market on Thursday, marking the first entry of Kenyan dried sea cucumber to China after a protocol granting market access to Kenyan wild-caught aquatic products, the Xinhua News Agency reported on Saturday.
China's Ministry of Commerce (MOFCOM) launched an anti-discrimination investigation on Thursday into Canada's tariff hikes on electric vehicles (EVs) as well as steel and aluminum products imported from China, after initial results uncovered this discriminatory approach.
October 1, 2024 marks the 75th anniversary of the founding of the People's Republic of China. Over the past 75 years, under the strong leadership of the Communist Party of China, the country has made remarkable progress in social and economic development. From a once backward agrarian society, China has transformed itself into the world's second-largest economy, increasingly interconnected with the global economy and offering significant opportunities to the rest of the world. To highlight this, the Global Times is launching a series of articles, with this installment focusing on the country's evolving consumption patterns amid improved living standards
China is making a vital contribution to the global energy shift by providing high-quality and affordable new-energy solutions to overseas clients and investing heavily in its own green energy capacity, analysts and industry experts said on Monday, a day after the fourth anniversary of China's announcement of its "dual carbon" goals.
More than 10,000 apps and services can now be found on the HarmonyOS NEXT, a proprietary operating system (OS) developed by Chinese technology company Huawei, a company executive said over the weekend.
China CSSC Holdings and China Shipbuilding Industry Corp (CSIC) on Thursday detailed a plan to merge through a share swap to create the world's largest shipbuilder, in what analysts described as a milestone deal that could see Chinese shipyards' overall competitiveness on the global stage further rise. According to the plan, China CSSC Holdings will swap shares with CSIC at a ratio of 1:0.1335, in a mega deal valued at 115.15 billion yuan ($16.23 billion).
The development of China's sports industry has created a new engine of growth for the retail market, as the industry's annual growth rate is much faster than that of overall GDP, an official of the General Administration of Sport of China (GASC) said on Wednesday.
China's Commerce Minister Wang Wentao met with Antonio Tajani, Italy's deputy prime minister and minister of foreign affairs and international cooperation, on Monday, in which the two sides discussed the EU's anti-subsidy case against China's electric vehicles (EV). Wang said China hopes the European Commission (EC) will respond to the calls of all parties and properly resolve China-EU economic and trade differences through dialogue and consultation based on the consensus reached by Chinese and European leaders, according to China's Ministry of Commerce.
If you asked people about artificial intelligence (AI) 10 years ago, most wouldn't have understood its meaning. Today, however, AI has been gradually integrated into all aspects of daily life in China, such as travel, retail, medical care, entertainment, logistics and many other fields.
The 2024 China International Fair for Trade in Services (CIFTIS) concluded in Beijing on Monday, achieving some 1,000 practical outcomes in deals and investments, with more than 20 percent of its on-site exhibitors being international companies.
If you asked people about artificial intelligence (AI) 10 years ago, most wouldn't have understood its meaning. Today, however, AI has been gradually integrated into all aspects of daily life in China, such as travel, retail, medical, entertainment, logistics and other services sectors.
The 2024 China International Fair for Trade in Services (CIFTIS) has become a hub for Chinese and international visitors to exchange ideas on the latest innovations and technologies across industries. Many foreign attendees are impressed by China's innovation and technology advancement, as many Chinese firms showcased their latest products.
A total of 20 Australian companies, organizations and institutions, including a number of universities, are attending the ongoing 2024 China International Fair for Trade in Services (CIFTIS) in Beijing, as they look for opportunities to boost cooperation amid improving ties.
The 2024 China International Fair for Trade in Services (CIFTIS) commenced on Thursday, showcasing China's determination to further open up to the world and its willingness to share the dividends of its growth. The event witnessed enthusiastic attendance from countries around the world, offering a strong rebuttal to the decoupling efforts by some politicians in the West, analysts said.
As the 2024 China International Fair for Trade in Services (CIFTIS) is set to commence on Thursday, attending companies and exhibitors expressed optimism about leveraging China's rapidly growing services sector and benefiting from the country's innovation-driven growth.
China's services sector and services trade are expected to maintain upward momentum in the second half of the year, supported by strong industrial foundations, sustained development momentum, and the country's economic resilience, a top executive with global accountancy firm Ernst & Young told the Global Times ahead of the opening of 2024 China International Fair for Trade in Services (CIFTIS).
China's private space company LandSpace successfully conducted a 10-kilometer vertical takeoff and vertical landing (VTVL) test on Wednesday, marking the country's first in-flight ignition during the descent stage.
The reported visit by Australian Treasurer Jim Chalmers to China later this month signals a furthering of the high-level interactions between China and Australia under the guidance of head-of-state diplomacy and more concrete results with economic and trade issues in focus amid an overall improvement of bilateral relations after years of frayed ties, analysts said on Monday.
The Netherlands is planning to limit ASML Holding NV's ability to repair and maintain its semiconductor equipment in China, Bloomberg reported on Thursday, noting that the move came as a result of political pressure from the US. Chinese experts said on Friday that the move, which violates market norms, will further disrupt the global semiconductor industrial and supply chain and predicted that the US pressure on its allies to join its technology crackdown campaign against China will backfire.
China and Africa will cultivate "small yet smart" livelihood programs that feature technical training, effectiveness and poverty alleviation in the joint building of the Belt and Road Initiative (BRI), China's top economic planner said on Thursday.
Mobile phone shipments in China totaled 24.2 million units in July, up 30.5 percent year-on-year, data from the China Academy of Information and Communications Technology (CAICT) showed on Wednesday.
Yin Jifu is a senior engineer with the National Engineering Research Center of Dredging Technology and Equipment under the state-owned construction giant China Communications Construction Company (CCCC).
The nuclear-themed tourism project run by Chinese nuclear giant China General Nuclear Power Group (CGN) has saw online bookings surpass 2,000 in the two weeks after the service is launched, a trend that exceeded expectations, sources told the Global Times on Thursday.
China's semiconductor companies posted stellar first-half gains as the global semiconductor industry staged a strong rebound.
As a Chinese-made Autonomous Rail Rapid Transit system (ART system) was showcased at Indonesia's 79th Independence Day celebrations in the new Indonesian capital of Nusantara over the weekend, industry experts said on Monday that the new system is poised to contribute to the country's green and digital drive.
Hong Kong's 2025 GDP growth will be better than that in 2024, Hong Kong Special Administrative Region (HKSAR) Chief Executive John Lee Ka-chiu said on Sunday, according to media reports.
China has established the world's largest and most developed new-energy industry chain, an official from China's top economic planner said at an event on Thursday.
Many foreign sportswear brands see growth potential in China, as Chinese people become more sports-minded, spurred by summer events including the just-concluded Paris Olympics.
China's Xiaomi has become the third largest smartphone vendor in Japan, a market known for its deep moat, as a Chinese industry expert said the situation reflected Chinese products' rising competitiveness.
Three Chinese ministries published a plan on Thursday to systematically strengthen the standardization and measurement systems used to gauge the country's efforts to realize "dual carbon" goals, a move that analysts said could help the country's industrial products gain a firmer foothold amid rising risks of hidden trade barriers in some major markets.
Members of the public can now book visits to the country's nuclear power plants in nine cities, China General Nuclear Power Group (CGN) announced on Wednesday.
As US tech firms including Intel Corp reported a weaker-than-expected performance for the second quarter, with Intel even announcing a downsizing plan to axe 15,000 jobs, Chinese analysts said the US government is witnessing a fresh blow as a result of its technology war against China.
Along with Team China, 35,000 high-performance ping pong balls and a wide array of high-tech sports gear descended on the Paris Olympics. Chinese experts and industry players said the situation reflected a profound change in the Chinese industrial sector in the past decade.
As the 2024 Paris Olympic Games unfolds, the sports gala has become a source of heightened people-to-people exchanges as Chinese tourists descend on the "City of Light" in massive numbers that will create new opportunities for both countries.
Italy can be the perfect gateway for third-country markets for Chinese companies, Mario Boselli, president of the Italy China Council Foundation (ICCF), told the Global Times in an interview ahead of the visit to China of Italian Prime Minister Giorgia Meloni.
Three Chinese automakers singled out by the European Commission (EC) in its anti-subsidy probe have sought and received additional hearings, Bloomberg reported on Wednesday, becoming part of the ongoing negotiations between China and the EU on the bloc's decision to impose extra tariffs on China-made electric vehicles (EVs).
French banking group BNP Parisbas recently established a wholly owned securities firm in Shanghai, becoming the fourth foreign financial institution to set up a wholly owned brokerage firm in the Chinese mainland, the Securities Daily reported on Tuesday.
Key investment projects are set to improve the quality of China-Russia trade and provide further impetus for bilateral trade to reach $300 billion by 2030, Chinese experts said on Tuesday, as cooperation meetings were held in Russia this week.
Further progress in practical cooperation between China and Russia is expected as a result of frequent and continuous high-level official exchanges and intensified cooperation among localities, Chinese analysts said on Sunday.
China imported 1,346 tons of pork products from Russia in June, quadrupling May's figure, data from the General Administration of Customs (GAC) showed over the weekend.
Chinese industry insiders and experts said India's reported plan to make it easier for Chinese citizens to get visas to visit India is positive for people-to-people exchanges between the two countries, which is facing a surge in demand in the post-pandemic era.
As the third plenary session of the 20th Communist Party of China (CPC) Central Committee is underway in Beijing, many around the world are closely following the crucial meeting for signals of China's reform and opening-up agenda, with many foreign businesses expressing confidence in China's long-term development prospects.
China expressed hope that relevant countries can "distinguish right from wrong" concerning the US government's vicious containment and suppression of China's semiconductor sector, and these countries could take firm measures to resist the US, a Chinese Foreign Ministry spokesperson said on Wednesday.
China's real estate sector has made steady progress in ensuring the punctual delivery of homes in the first half of the year, with the top 10 developers delivering 700,000 homes, underscoring the effectiveness of the policy support given to the sector through a period of necessary correction.
Chinese centrally administered state-owned enterprises (SOEs) set up a marine engineering innovation consortium on Monday, aiming to foster scientific breakthroughs and break technological bottlenecks constraining the development of the fast-growing marine industry, which plays a key role in China's harnessing of its marine resources.
China's cruise market saw a robust recovery in the first half of 2024, with 206 voyages operated by 23 cruise ships that carried 500,000 passengers, China Media Group (CMG) reported on Sunday.
As the Communist Party of China (CPC) is expected to convene a crucial reform-themed meeting next week, a look back on China's remarkable achievements in comprehensively deepening reform and opening-up over the past decade, which underpinned China's high-quality development against a complex global geo-economic situation, offers a critical window into what to expect from the upcoming meeting.
Chinese Premier Li Qiang said on Tuesday that factors affecting China's economic growth have become more complex than in the past and called for better implementation of macro policies to ensure the annual economic development goal is met, according to China Media Group (CMG).
The Chinese economy may post a faster-than-5-percent growth rate for the first half of the year, exceeding a preset annual target, according to predictions made by a number of Chinese economists on Monday. A growth rate in the range of 5.1-5.4 percent was predicted for the second quarter.
China and Tajikistan on Friday announced the elevation of ties to comprehensive strategic partnership in the new era during Chinese President Xi Jinping's ongoing state visit to Tajikistan, injecting new momentum and opening up a new chapter in bilateral ties and common development of the two countries.
China is tightening up efforts to comprehensively prevent and stem financial fraud in the capital market to ensure its high-quality development, according to a government circular on Friday.
A reported move by the People's Bank of China (PBC) to enter into borrowing agreements with commercial banks has indicated policymakers' willingness to expand toolkit to maintain bond market stability, Chinese analysts said on Friday.
Transaction volumes of foreigners using overseas wallet apps to pay for goods and services in China have grown more than sevenfold, the People's Daily reported on Thursday, citing data from Chinese online payment clearing house NetsUnion Clearing Corporation.
The Canadian government should refrain from stirring up trade tensions with China over electric vehicles (EVs), Chinese analysts said, as Ottawa released a document on Tuesday as part of its formal consultations which might lead to the imposition of tariffs on Chinese EVs.
China's property market displayed signs of improvement in terms of sales revenues of the top 100 real estate developers, an industry report showed on Monday.
As an important member of ASEAN, Thailand's announcement of its intention to become a member of the BRICS group of emerging economies is of great significance not only to Thailand itself but also to ASEAN as a whole. The ASEAN economy has seen rapid growth in recent years, and its influence has increased gradually. Joining the BRICS is not only conducive to Thailand's economic development but also enables Thailand to play a greater role in the international arena. Thailand's joining of BRICS will certainly provide favorable conditions for further strengthening all-round exchanges and cooperation with BRICS countries and the ASEAN. At present, the Thai government is actively improving Thailand's status in the international arena. As we all know, the Thai economy was founded on two pillars – exports and tourism. As such, Thailand has always been a supporter of multinationalism and free trade. Thailand's eventual accession to the BRICS will strongly boost the in-depth internationalization of trade and economic cooperation, cultural exchanges, and development in the region.
Polish President Andrzej Duda arrived in Beijing on Saturday to kick off a five-day visit to China, which will end on June 26, according to the Xinhua News Agency. Business representatives, a former Polish official and Chinese observers reached by the Global Times expressed high hopes that with Duda's ongoing visit, the two countries could enhance trade and economic cooperation, eyeing concrete cooperation and more measures to foster the joint building of the Belt and Road Initiative (BRI).
The reported visit by German Vice Chancellor and Economy Minister Robert Habeck this week to China highlights the importance of addressing disputes through dialogue, and sets an example for other European countries, a Chinese trade expert said on Thursday.
China's Ministry of Industry and Information Technology (MIIT) on Wednesday unveiled revised guidelines for the lithium-ion battery industry to further strengthen standardized management and promote the high-quality development of the sector.
The economy further consolidated its expansion trend in May, with positive factors amassing, a spokesperson of the National Development and Reform Commission (NDRC) said on Tuesday.
The EU's tariff decision on imports of Chinese battery electric vehicles (EVs) has drawn stern criticism from the German business community in China, with the German Chamber of Commerce (GCC) saying that such tariffs could affect the global automotive industry and calling for negotiations.
The thawing relations between China and Australia are expected to get a significant boost with the ongoing state visit of Chinese Premier Li Qiang to Australia starting on Saturday, the first visit by a Chinese Premier in seven years, Australian officials and business representatives said.
China's National Development and Reform Commission (NDRC), the top economic planner, recently published three opinion pieces on the EU decision to impose extra tariffs on Chinese electric vehicles (EV), while urging the EU to scrap the protectionist and unwelcome levies.
Following loud opposition against the European Commission (EC)'s decision to impose additional tariffs on Chinese electric vehicle (EV) imports, Chinese government departments and organizations on Thursday urged the EU to immediately correct its wrongdoings and get back to the rational track of handling disputes through dialogue and consultations, with the Chinese Foreign Ministry vowing to take "necessary measures" and China's Ministry of Commerce (MOFCOM) stating it reserves the right to resolve the dispute at the WTO.
China issued another stern warning to the EU on Tuesday, calling for the timely termination of a probe against Chinese electric vehicle (EV) makers.
A large number of major projects have made fresh progress in recent days, with a demonstrated edge in China's manufacturing capability and capacity, paving the way for the world's second-largest economy to post sound economic data for May, Chinese analysts said on Monday.
Many Chinese people are familiar with at least some Russian tourist attractions. The Kremlin, the Red Square, to name a few. For many, these tourist destinations deserve in-person visits at least once in their lifetime.
The Chinese economy is expected to post steady gains in the second quarter, with GDP growth on par with the first quarter of about 5.3 percent, analysts said on Monday after the release of statistics signaling an upward trajectory.
The reported approval paving the way for the resumption of Australian beef exports to China is an encouraging sign, marking one more improvement in bilateral trade ties, and it is expected to contribute to bilateral trade growth, Chinese observers said on Wednesday.
A growing number of Chinese manufacturing companies are seeking opportunities in Russia amid the country's drive to make products locally, industry insiders told the Global Times.
There could be a significant increase in the number of Chinese visitors to the Russian capital this year, due to the enhanced level of cooperation among bilateral industry participants following Russian President Vladimir Putin's recent state visit to China, a Moscow tourism official told the Global Times.
China's youth unemployment rate, excluding students aged from 16 to 24, was 14.7 percent in April, down from 15.3 percent in March, the National Bureau of Statistics (NBS) said on Tuesday.
China's trade and economic cooperation with Central Asian countries has been on a fast lane in recent years and has demonstrated the willingness of the world's second-largest economy to promote common development with countries in the region, Chinese analysts said on Monday.
A decision by the US government to force a company that is reportedly Chinese-linked to sell a property near a US Air Force base in the state of Wyoming is one more dramatic act in the "China threat" play, a Chinese observer said on Tuesday.
China and Russia could see further improvement in the bilateral trade structure in 2024, with the trade volume projected to reach new heights, a senior business head told the Global Times on Monday.
The US' reported plan to levy tariffs on imports from China's emerging industries and its commerce department's decision to add 37 Chinese entities in high-tech sectors are steps further down the path of clamping down on Chinese companies and decoupling with China, observers said on Friday, warning that there will be serious consequences.
Many localities in China have recently launched major investment projects for the second quarter, with a focus on new quality productive forces, and observers believe the trend will help stabilize overall investment in the period.
China's foreign exchange (forex) reserves totaled $3.201 trillion as of the end of April, down by $44.8 billion, or 1.38 percent, from the end of March, according to data released on Tuesday by the State Administration of Foreign Exchange (SAFE).
Recently, Western politicians and media outlets have amplified the notion of China's supposed "overcapacity" in the production of electric vehicles and other green products, asserting that it poses a threat to the global market. The Global Times is publishing a series of articles to examine the issue. This story focuses on how the Chinese electric vehicles (EV) industry draws its competitiveness from competition, debunking the groundless narrative that Chinese EV industry's strengths came from government subsidies.
Chinese analysts said Tesla's attraction to the fiercely competitive Chinese electric vehicles (EVs) market offered an example to the world about healthy business competition, as global cooperation is needed for the human race to implement green transition strategies and tackle climate challenge.
Industry insiders and company representatives at the ongoing Beijing International Automotive Exhibition emphasized the importance of global cooperation in the upcoming age of smart and intelligent vehicles, as more foreign companies announced plans to deepen cooperation with Chinese partners.
The recovery of China's cruise market accelerated on Friday with the return of another large foreign cruise ship to Shanghai's Wusongkou International Cruise Port.
The development of new quality productive forces in the Chinese mainland is characterized by greater inclusiveness and a higher level of opening-up, which will provide new opportunities for Taiwan-based companies for their participation in the high-quality development of the mainland, Zhu Fenglian, spokesperson for the Taiwan Affairs Office of the State Council, told a press conference on Wednesday.
Apple CEO Tim Cook's pledge to increase investment in Vietnam has drawn skeptical views from Chinese observers.
After exploring Southwest China's industrial city Chongqing, German Chancellor Olaf Scholz on Monday arrived in Shanghai, an important city that has a large amount of accumulated German investment, and where he said that Europe is open to Chinese cars.
Following intensive visits to China by foreign CEOs in March, China has entered a week of international trade exhibitions. This highlights the potential of China's dynamic consumer market and the country's unswerving commitment to opening-up.
Since the beginning of 2024, a number of Western governments and media outlets have been hyping the so-called “overcapacity” of Chinese new-energy production, claiming it as a matter of great concern for them. By spinning the “overcapacity” narrative, the West has moved to apply trade restrictive measures on Chinese-made EVs, lithium batteries, solar products, in an attempt to protect its own uncompetitive industries, Chinese industry insiders said, noting that such overt schemes are detriment to global climate control efforts.
China's consumer price index (CPI), the main gauge of inflation, rose by 0.1 percent in March year-on-year, dragged down by seasonal factors as consumer demand dropped after the Spring Festival holidays.
Japan should be wary in its semiconductor cooperation with the US, which is seeking hegemony, Chinese observers said on Wednesday. If it tries to hit China at the bidding of the US, Japan's industries risk being victimized, analysts noted.
Federated States of Micronesia (FSM) President Wesley W. Simina is paying a visit to China with stops in South China's Guangdong Province on Saturday, visiting the manufacturing hub of Dongguan and tech hub of Shenzhen.
US Treasury Secretary Janet Yellen will visit China from April 4 to 9 and is scheduled to discuss a number of macroeconomic and financial issues between the two countries during her meetings with top Chinese government officials. The visit is seen as a positive sign by both sides to seek consensus amid stabilizing China-US relations that have seen growing negative factors in recent months.
Leading Chinese NEV brands posted better-than-expected sales for March, highlighting the sector's competitiveness despite headwinds, analysts noted.
The EU should seek cooperation with China on new-energy vehicles (NEVs) so as to tap the great complementarities between the two vital trading partners, rather than taking a protectionist path, Chinese observers said on Monday, commenting on the latest development of opinions on NEVs within the EU.
China urges the US to immediately correct its wrongdoings and stop its illegal unilateral sanctions and long-arm jurisdiction against Chinese companies, Chinese Foreign Ministry spokesperson Lin Jian told a routine press conference on Friday, commenting on a reported list being drawn by the US commerce department barring Chinese chip factories from obtaining key tools.
Ensuring a stable and smooth global supply chain serves the interests of all, and is a responsibility that should be shared by all parties, including the US, a Chinese Foreign Ministry spokesperson said on Thursday, in response to comments made by US Treasury Secretary Janet Yellen on Chinese new-energy products.
Prime Minister of the Netherlands Mark Rutte is on a working visit to China from Tuesday to Wednesday, at a time when the Netherlands' chip export policy has been in the spotlight. Chinese analysts pointed out that Rutte's visit is perfectly timed, as his country's largest company, the semiconductor equipment maker ASML, is seeking to expand outside the Netherlands after raising concerns about the country's business climate.
China has lodged a World Trade Organization (WTO) dispute complaint over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA), a Chinese Ministry of Commerce (MOFCOM) spokesperson said on Tuesday.
The CEOs of some leading US semiconductor companies visited China this week to attend the China Development Forum (CDF) in Beijing, expressing their commitment to the Chinese market and willingness to pursue cooperation.
As China ramps up efforts to promote new quality productive forces, a group of Chinese and foreign officials as well as institutions which participated in the China Development Forum 2024 (CDF) on Sunday expressed their optimism about its development prospects, which feature artificial intelligence (AI), new-energy vehicles (NEVs) and other emerging industries.
China and Australia can further tap their economic complementarity while addressing existing trade disputes, Chinese analysts said on Wednesday, as the visit to Australia by Chinese Foreign Minister Wang Yi signified that bilateral relations are on the right track.
China's efforts to build a shared sci-tech innovation infrastructure will be conducive to the development of high-tech industries such as commercial aerospace, industry experts said on Tuesday, as the Beijing municipal government races to build a “Rocket Street” with a high concentration of private aerospace companies.
A number of the world's leading financial investors have upped the ante in their Chinese asset portfolios this week, with Chinese analysts said on Thursday that the moves highlighted efforts by the US government attempting to drive global investment away from China is not what profit-pursuing companies want and is failing in its effects.
Frequent diplomatic and trade exchanges between China and Australia are conducive to resolving lingering bilateral trade disputes, Chinese experts said on Monday, commenting on a steady pattern of recent dialogues.
As a US bill that could potentially ban the use of TikTok in the US sailed unanimously through a House Committee, Chinese experts said that the act is political gamesmanship by politicians playing the China-bashing card and yet another hysterical move in its crackdown against Chinese companies.
China's commercial aerospace enterprises were inspired as the Government Work Report vowed to step up the development of commercial spaceflight to foster new growth engines.
China and Pakistan share a strong and enduring friendship that dates back to the 1950s, and the China-Pakistan relationship is a shining example of strong bilateral ties based on mutual respect and shared interests. The China-Pakistan Economic Corridor (CPEC) is also a flagship project under the Belt and Road Initiative (BRI) that aims to enhance connectivity and trade between the two countries. How will the CPEC develop in the next decade? How does Pakistan envision the development of ties with China? Global Times reporters Xie Wenting and Chu Daye (GT) spoke with Pakistani Ambassador to China Khalil-ur-Rahman Hashmi (Hashmi) on these and other crucial matters.
A number of CPEC projects are making renewed progress as the China Pakistan Economic Corridor (CPEC), a flagship project under the China-proposed Belt and Road Initiative (BRI), enters its next phase, helping the country to alleviate energy shortage and empowering its economic growth.
China's first-tier economic heavyweight cities - 26 cities each with a GDP of more than 1 trillion yuan ($139.1 billion) in 2023 - have set their annual GDP targets a notch higher this year as localities conclude their local two sessions.
Some of China's economic heavyweight provinces started working on thousands of projects in the first week after the eight-day Spring Festival holidays, with an emphasis on new productive forces and broadening the channels for private investment.
Ports, trains and e-commerce depots in China's vibrant logistics links were up and running during the eight-day Chinese New Year holidays, with record work performances registered, demonstrating great supply chain resilience, even though most people in the world's second-largest economy were off work for the annual holidays.
Multiple Chinese ports reported increased throughput in January, marking a strong start for the year. As an important economic indicator, port operations showcase the robustness of China's production activity and foreign trade, and the ports play a significant role in maintaining the stability of the global supply chain, experts said.
Leading US fast food companies are posting stellar gains for 2023 on par with the fast growth of 20 percent seen in the Chinese catering industry, with earnings reports serving as a strong rebuttal to smears by some Western media outlets that suggest that the Chinese economy is in trouble.
The Chinese government vowed to further improve its business environment at a State Council meeting on Friday as the country started the new year with a slew of supportive policies aimed at stabilizing market confidence and expectations.
China's Foreign Ministry on Thursday slammed a move by the US Defense Department to add a dozen Chinese companies to a blacklist on the excuse of prohibiting American technologies from aiding the Chinese military. The ministry urged the US to immediately correct its discriminatory practices and provide a fair, just and non-discriminatory environment for Chinese enterprises to operate in.
Efforts by some US politicians to raise tariffs on Chinese solar modules are just another case of campaign politics getting in the way of normal economic cooperation between China and the US, and would hurt the interests of US consumers and the development of the US clean-energy industry, Chinese analysts warned.
