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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

China on Monday posted an 8.1 percent GDP growth in 2021, defying market expectations and further cementing the world's second-largest economy's leading position in the global economy's recovery from the still raging COVID-19 pandemic, as major growth drivers, particularly exports, saw remarkable improvements in the face of mounting global challenges.

Trade between China and the US soared by 28.7 percent year-on-year in US dollar terms in 2021, amounting to a staggering number of $755.6 billion, and US trade deficit with China further widened, Chinese customs data showed on Friday, maintaining strong growth momentum even with additional tariffs in place and bruising political tensions casting shadows on bilateral ties.

Companies across China are thrilled at the tangible benefits created by the Regional Comprehensive Economic Partnership (RCEP) pact, believing the boost delivered by the recently implemented mega trade deal is similar to that of WTO accession, with some even announcing plans to shift their market focus to fully tap into the opportunity.

China has unveiled a brand new, state-of-the-art Fuxing bullet train, said to be the world's first intelligent and autonomous high-speed train with a top speed of 350 kilometers per hour and a 5G live broadcast studio on board, to serve the upcoming Beijing Winter Olympics.

China's property sector, which relates to a significant portion of the economy, is likely to see a period of stabilization in 2022, after a turbulent 2021 during which many companies and market segments saw their slowest-ever growth or even declines, industry analysts said on Wednesday.

As the Regional Comprehensive Economic Partnership Agreement (RCEP) will take effect at the end of this week, as agreed upon, the business community is awaiting the prospect and potential of the landmark regional trade pact, which is widely believed to greatly boost economic development in the region, and foster trade between China and the ASEAN, China's largest trading partner.

Two Chinese chambers of commerce in India urged New Delhi to change its irregular tax probe practice and treat foreign investors equally, actively engender an open, fair, and non-discriminatory business environment for Chinese enterprises operating in India, as confidence by a business group that invested $3 billion and created 500,000 local jobs is shaken.

A Chinese company's copper mine project in Afghanistan, which has been stalled for years, has not started work as uncertainties and hurdles regarding the country's security and business environment remain, despite rising hope for resuming work on the project signaled by Afghan Taliban officials, Chinese sources told the Global Times on Thursday.

The VOA sought to slam China and the China-Pakistan Economic Corridor (CPEC) project by trying to put in the article concerns on Chinese fishing trawlers and a road that is linked to the Gwadar Port, which is a key project under the CPEC.

China on Monday unveiled a new state-owned logistics group that aims to be a global supply chain organizer, as the country moves to bolster supply chain security and stability amid disruptions and uncertainties during the COVID-19 pandemic.

China and Laos on Tuesday signed the first inter-governmental agreement on railway cooperation for the soon-to-launch 1,035-kilometer China-Laos railway, creating a framework for cross-border transportation, China's national railway authority said on Tuesday.

China-Russia energy cooperation is accelerating onto the fast track, with energy accounting for nearly one-third of bilateral trade in the first three quarters of 2021, as leaders from the two countries sent congratulatory letters to a key energy cooperation forum.

A visit to the China International Import Expo (CIIE) will leave your heart throbbing.

Russian companies selling alcoholic beverages, packaged goods and dairy products are eyeing the Chinese market with great confidence at the 4th China International Import Expo (CIIE), the world's biggest import fair currently being held in Shanghai, despite the inconveniences posed by the COVID-19 pandemic.

Global companies in the integrated circuit (IC) industry have a bigger presence at the 4th China International Import Expo (CIIE) in Shanghai, where a designated display zone has been set up for ICs for the first time, underscoring growing foreign interests in China's IC market.

The Regional Comprehensive Economic Partnership (RCEP) pact that creates the world's largest free trade bloc will lift regional GDP by 0.86 percent by 2035, a report by the Chinese Academy of International Trade and Economic Cooperation stated on Sunday.

The 4th China International Import Expo (CIIE), which is set to kick off on Thursday in Shanghai, will serve as a beacon of hope for a world economy that is severely battered by the lingering COVID-19 pandemic, as it offers an excellent platform for global companies to explore and expand in the Chinese market, participants and analysts said on Wednesday.

Two Chinese scientists, fighter jet designer Gu Songfen and nuclear energy scientist Wang Dazhong, won China's top science award Wednesday for their outstanding contributions to scientific and technological innovation.

US web services provider Yahoo has terminated its services to users based in the Chinese mainland starting from Monday, in a move that experts say is driven by its own business failure and has nothing to do with China's business and legal environment.

Russian electricity exports to Northeast China has been increasing sharply in recent weeks and could get a further boost if arrangements were made on prices and supplies, a Chinese energy expert said on Tuesday, noting growing energy cooperation between the two countries, particularly in oil and gas.

Newly released quarterly sales data for a number of US companies - from Apple to Starbucks to Coca-Cola - shows an increasing reliance of US corporations on the vast and growing Chinese market. This, together with US' sluggish economic growth in the same quarter, underlined the importance of China-US economic and trade cooperation.

China should not assume responsibilities outside its commitments to the World Trade Organization (WTO), Chinese officials and WTO experts said on Thursday, noting that China acknowledges concerns raised by some of its trading partners and will further open up its economy to the world.

Australia's push for a WTO probe into China's anti-dumping tariffs on Australian wines may have the ulterior motive of smearing China, but its intention is not going unnoticed and will not succeed, Chinese analysts said.

More Chinese real estate developers are likely to default on their bonds, including bonds denominated in US dollars, by year-end due to the tough market environment, but the overall impact of such defaults will be limited, analysts and industry insiders said on Tuesday.

A recent trip to by the Global Times to East China's Shandong Province to get a glimpse of China's coal supply chain revealed a surprising discovery: there are large numbers of rural households in northern China that still rely on burning coal to pass the winter. Of course, it is understandable given that China is a vastly diverse country with many regions in different development stages. For those rural households that have not shifted to cleaner natural gas or are connected to the central heating system, burning coal is the norm.

Energy cooperation under the Belt and Road Initiative (BRI) has enabled Ethiopia, which is rich in renewable energy reserves, to complete power transmission lines connecting Djibouti and Sudan, paving way for regional electricity connectivity in addition to exportation, energy cooperation and common development, Ethiopian Ambassador to China Teshome Toga Chanaka has said.

New coronavirus cases in North China's Inner Mongolia Autonomous Region are likely to affect China's coal imports from its increasingly significant coal supplier Mongolia due to disruptions at some major ports, according to sources on Wednesday, further raising concerns over coal supply in China as officials moved to address shortages and price hikes.

China will deepen energy cooperation with partner countries under the Belt and Road Initiative (BRI) in the nuclear, new energy and smart energy sectors, as countries rise to climate challenges, Vice Premier Han Zheng said at the second Belt and Road Energy Ministerial Conference held in Qingdao, East China's Shandong Province on Monday.

Chinese authorities published data security draft regulations on Thursday that would ban the export of what was classified as core data, a step experts hail as a necessary step to ensure national security and normal functioning of society.

China's manufacturing purchasing managers' index (PMI) unexpectedly contracted in September, the lowest point since February 2020 against the backdrop of the COVID-19 epidemic, while the non-manufacturing PMI climbed back to expansion territory with a reading of 53.2.

Chinese experts said on Wednesday that Canada has "less reason" to force out Chinese telecommunications giant Huawei from its 5G network after the release of Huawei CFO Meng Wanzhou, but pressure from the US will complicate things, as Canadian Prime Minister Justin Trudeau signaled an official decision on the company's participation will come within weeks.

The Global Gateway scheme, which some observers believe aims to compete with the China-proposed Belt and Road Initiative (BRI), is likely inspired by the success of the BRI and will serve to fully demonstrate the effectiveness of Chinese-initiated global infrastructure program, Chinese analysts said on Thursday.

The completion of the Nord Stream 2, an undersea natural gas pipeline in the Baltic Sea that will greatly improve Russia's capacity to transport gas to Germany, continued to drive up share prices of some Chinese energy companies on Tuesday, as some analysts said that companies investing in the Yamal Peninsula in the Arctic, one of the largest gas fields in the world, will benefit from the new pipeline.

Top officials from China's Ministry of Industry and Information Technology (MIIT) said the country will promote new emerging industry clusters, including the layout of industry chains in cutting-edge sectors such as artificial intelligence (AI) and quantum communication, to ensure the resilience of the industry and supply chains of the world's second-largest economy.

More policies are needed to increase financing to China's vast group of small and medium-sized enterprises (SMEs) in the second half of the year as the Chinese central government emphasizes the stability of SMEs amid economic headwinds, industry insiders said on Tuesday.

Chinese companies could help quicken the pace of economic development in the Russian Far East, as both China and Russia have laid a solid foundation in policy support and cross-border infrastructure projects in the region, though a faster development in the region needs a little more Russian passion, Chinese experts said on Friday.

Runaway natural gas prices worldwide, driven by peak demand, an economic recovery from the COVID-19 pandemic and US' loose monetary policy, will inflate Chinese natural gas prices, industry experts warned on Sunday.

China may cut direct rail links with Lithuania amid escalating diplomatic tension fueled by the small Baltic country's provocation against the Chinese mainland in the Taiwan question, according to a media report. Such a suspension would deal a major blow to Lithuania's economy, experts said on Sunday.

The China State Railway Group Co (China Railway) on Wednesday denied a Baltic media report that the Chinese railway operator suspended freight trains to Lithuania due to "political tension," saying the freight trains are in normal service, after some media in Taiwan island hyped the fake news amid rocky China-Lithuania relations due to Lithuania's provocation of China on the Taiwan question.

Even as battle raged across Afghanistan last week, Pakistan's Gwadar Port, now operated by a Chinese company, continued to ship fertilizers to the landlocked country, the Global Times learned.

Domestic Chinese sports and fashion brand Li-Ning has posted record second-quarter results, riding on growing consumer support amid non-governmental organization Better Cotton Initiative (BCI)'s crackdown on the Chinese textile industry by halting the use of cotton from Northwest China's Xinjiang Uygur Autonomous Region.

The Sino-Russian Tongjiang-Nizhneleninskoye railway bridge is largely completed and will soon be ready to open for business, with the first test train expected to cross the border around August 26-28, the Global Times learned on Tuesday.

The operations of Chinese enterprises in Pakistan remain normal with both sides strengthening protection for Chinese nationals, a source close to the matter who asked to remain anonymous told the Global Times at a forum in Beijing on Thursday, adding that the Pakistani military has been providing protection for local Chinese enterprises including his company, and the Chinese embassy in Pakistan has warned Chinese nationals not to go out unless necessary, according to the source.

As officials from China, Pakistan and Afghanistan revealed an inclination to extend the China-Pakistan Economic Corridor (CPEC), a flagship Belt and Road Initiative (BRI) project into Afghanistan, experts said that such projects could help boost Afghanistan's exports, which is conducive to the country's journey of peace, but the feasibility of the project depends on whether the Afghan government and Taliban forces can reach a consensus on protecting overseas investment.

Several leading Chinese internet companies, including Tencent, Alibaba, ride-hailing company Didi Chuxing, and e-commerce giant Suning, were each fined 500,000 yuan ($77,345) per breach in relation to the anti-monopoly laws on Wednesday, as China steps up its crackdown campaign against monopolistic behaviors that threaten to stifle market vitality.

Following a period of uncertainty in China-EU ties with intensifying US meddling, there are growing calls from some EU leaders and businesses to pursue a positive relationship with China in the economic and trade areas instead of shutting down cooperation.

Furnaces in all major steel mills in Tangshan, North China's Hebei Province, the world's No.1 steel-producing city that made about 14 percent of China's raw steel in 2020, are firing again, an industry report showed on Monday.

China's overseas vaccine program, known as the "spring sprout" program, that aims to ensure its nationals across the globe receive vaccines timely, is also supporting China-assisted projects and Chinese firms' operations abroad, some business representatives told the Global Times.

Calls for the Australian government to pursue in-depth communication with China based on mutual understanding are rising among business communities and local officials in Australia, as Canberra's hostile approach to bilateral ties with China continues to inflict pain on local businesses.

Inside the construction area of the Kompong Dewa Resort in Sihanoukville, Cambodia, Chinese builders from the China Eighth Engineering Bureau, a subsidiary of the state-owned construction giant CSCEC, have implemented a green construction concept to the ground.

China on Thursday took railway wheel hub, wind tower, stainless steel sink disputes with Australia to WTO, days after Canberra took a wine dispute to the world trade body, as trade tensions between the two countries are escalating.

Cost factors could put China one step ahead of the US in the mass commercialization of multi-legged bionic robots, a senior expert in the field told the Global Times on Tuesday.

Brisk crayfish sales in June – boosted by nighttime viewing of the European Football Championship matches – have greatly improved the business of crayfish farmers from Central China's Hubei Province, further pushing the province's recovery following a robust first quarter, with a 60 percent annual growth.

In a sign of the growing influence of the China-Central and Eastern European Countries (CEEC) cooperation mechanism, countries that are not part of the mechanism such as Malta are turning to the platform to promote investment opportunities.

Cooperation between localities and government departments from China and the Central and Eastern European Countries (CEECs) is a vital driver that whill help boost trade, and it is essential in achieving China's proposal to increase imports from the CEECs by purchasing $170 billion worth of goods within five years, officials and experts said at a forum in Ningbo, East China's Zhejiang Province on Wednesday.

China on Tuesday kicked off a major trade expo aimed at boosting trade with Central and Eastern European Countries (CEEC) with widespread participation by heads of state and businesses from the region, shrugging off recent disruptions and noise instigated by the US in Europe that has cast some uncertainty over massive China-Europe economic and trade ties.

With more than 2,000 exhibitors and 6,000 buyers expected to attend, the second China-Central and Eastern European Countries (CEECs) Expo and International Consumer Goods Fair will kick off on Tuesday, against the backdrop of some politicians' instigation of an anti-China roadshow, which experts described as an abortive attempt in the face of a rising trajectory of business and economic ties between China and CEECs.

As projects under the China-proposed Belt and Road Initiative (BRI) proceed as scheduled despite the impact of the COVID-19 pandemic, they are becoming a driving force for economic and trade cooperation between China and Central and Eastern European countries (CEEC), industry experts and analysts said on Sunday.

As one of the largest seafood markets in China intensifies screening of imported products amid a local flare-up of COVID-19 cases, industry sources said on Monday that there may be some disruptions to imports of medium- and high-end products.

COVID-19 flare-ups at Yantian Port area in Shenzhen, South China's Guangdong Province have slowed the port's handling capacity to one-seventh of the normal level, even as it started to accept heavy export containers starting from Monday.

Chinese President Xi Jinping and Russian President Vladimir Putin witnessed via video link the groundbreaking ceremony of four advanced nuclear reactors powered by Russia's third-generation nuclear technology in China on Wednesday.

Chinese President Xi Jinping and Russian President Vladimir Putin will witness the groundbreaking ceremony of bilateral nuclear energy cooperation together via a video link on Wednesday, the Chinese Foreign Ministry announced on Tuesday.

Commodities futures started showing signs of being tamed on Friday after Chinese exchanges hiked transaction fees earlier in the week, amid rising attention from the Chinese government and market regulators' warning to steel mills.

As the COVID-19 pandemic crippled international travel, a growing number of Chinese infrastructure companies are eyeing on projects related to the "Beautiful China" strategy, believing such projects possess huge potential given China's vast domestic market and growing domestic appetite for greenness and sustainability.

Recently I paid a visit to Wufang Village, a tiny village in suburban Shanghai that has gained some fame as a weekend getaway with its beautiful peach orchards, renovated houses, and an influx of young people working and living there.

Some Chinese executives with business ties to India are pondering efforts to cut their reliance on Indian companies by bypassing or replacing them in the global supply chain, after warnings of potential disruptions to various global industries from an economy-crippling pandemic peak in the South Asian country.

China's largest online food delivery platform Meituan is under investigation for suspected monopolistic practices, the country's top market regulator said on Monday - making the company the latest internet giant after Alibaba to face such a probe as China further steps up its crackdown on monopolies.

China's largest online food delivery platform Meituan is under investigation for suspected monopolistic practices, the country's top market regulator said on Monday – making the company the next internet giant after Alibaba to face such a probe as China further steps up its crackdown on monopolies.

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.