Li Qiaoyi
Reporter, Beijing
Global Times senior reporter focusing primarily on banking, capital markets, macro-economy, currencies and technology.
  • Sanya's extended tourism season reflects the full extent of Chinese travel enthusiasm in post-epidemic era

    In addition to sunshine, sea waves and coconut palms, a surging human tide has become the most distinct and enduring label of Sanya in South China's Hainan Province.

    By Lin Xiaoyi and Li Qiaoyi | 2023/2/13 17:12:37
  • PBC unveils rules governing affiliate transactions of financial holding firms

    China's central bank on Thursday unveiled rules governing affiliate transactions of financial holding firms, in the latest effort to increase scrutiny of a vibrant part of the country's vast financial sector.

    By Li Qiaoyi | 2023/2/9 21:12:50
  • China's forex reserves expand in January, hitting $3.18 trillion

    China's foreign exchange reserves, the world's largest, rose for a fourth month in January, official data showed on Tuesday.

    By Li Qiaoyi | 2023/2/7 20:57:49
  • Top securities regulator vows all-out effort to fully expand registration-based IPO system

    China's securities regulator on Thursday vowed an all-out effort to fully expand a registration-based IPO system this year, adding fuel to expectations of a more vibrant A-share market following draft rules unveiled Wednesday that intend to anchor the Chinese mainland ...

    By Li Qiaoyi | 2023/2/2 22:09:57
  • A new chapter: New wave of cross-border migrant workers reentering China after border reopening sparks hopes of social, economic recovery

    As border cities are reactivated after reopening, so too have cross-border migrant workers been reenergized.

    By Hu Yuwei and Li Qiaoyi in Ruili and Hekou | 2023/1/17 21:58:17
  • GT on the spot: Sanya airport on track for best year since 2020 as passengers swarm tropical resort

    Year-to-date passenger traffic at the Sanya Phoenix International Airport in South China's Hainan Province was estimated to top 1 million by Tuesday, the fastest growth since 2021, airport data showed, fresh evidence of the economy's swift rebound from the coronavirus.

    By Li Qiaoyi and Lin Xiaoyi in Sanya | 2023/1/17 18:05:24
  • GT on the spot: Hotels in Sanya are 90% booked for Spring Festival

    Hotel occupancy rates in Sanya, South China's Hainan Province have now reached 85 percent, and local hotels are more than 90 percent booked for the coming Spring Festival, according to an official on Monday, as the tropical resort quickly regains ...

    By Li Qiaoyi and Lin Xiaoyi in Sanya | 2023/1/16 22:06:06
  • A glimpse at a manufacturing base in Ruili

    Inside the Import & Export Processing and Manufacturing Base of the Ruili Industrial Park, Myanmar workers, accounting for roughly 80% of the base's workforce, are busy completing tasks at assembly lines on Jan 10, 2023.

    By Li Qiaoyi | 2023/1/10 20:48:32
  • Border city Ruili's jade biz rebounds after downgraded COVID measures

    The livestreaming craze has brought luster back to Southwest China's border city of Ruili, which is famous for its jade industry, after China further downgraded COVID-19 management.

    By Hu Yuwei and Li Qiaoyi | 2023/1/10 1:04:42
  • Border ports in full swing as COVID restrictions are lifted

    Major border ports in North China's Inner Mongolia and Southwest China's Yunnan on Sunday officially lifted restrictions related to COVID-19 as part of the country's new optimized management, fully resuming normal operations following pandemic disruptions in the past three years. ...

    By Tao Mingyang in Erenhot, Li Qiaoyi in Hekou, and Wang Cong in Beijing | 2023/1/8 21:31:07
  • GT on the spot: China-Vietnam border sees influx of travelers on port reopening day; residents welcome each other with flowers, hopes

    The cross-border bridge connecting China and Vietnam has seen bustling with inbound and outbound travelers and vendors pouring into and out of the two neighboring countries via the Hekou Port to resume normal business or trade after China reopened its ...

    By Hu Yuwei, Li Qiaoyi and Fan Wei in Hekou | 2023/1/8 18:41:15
  • HKSAR sets out policy stance on virtual assets' development, aims for vibrant sector

    The government of the Hong Kong Special Administrative Region (HKSAR) on Monday set out its policy stance on the development of virtual assets (VA) in the city, aiming to build a vibrant VA sector and ecosystem.

    By Li Qiaoyi | 2022/10/31 19:35:11
  • On first anniversary, Beijing bourse widens goals in challenging era as Chinese equity market opens further

    As the Beijing Stock Exchange (BSE) turned one year old on Saturday, the third-born of the A-share market showed that it aims to enrich trading portfolios and explore linkups with overseas capital markets, according to an official at the ongoing ...

    By Li Qiaoyi | 2022/9/2 22:15:12
  • Metaverse industry sees explosive growth in China; early applications in spotlight at CIFTIS

    Half a year ago, the metaverse was a novel concept that few Chinese people knew. But now, sensations surrounding the virtual technology have been reverberating across the country, which peaked in recent days with the debuts of a host of ...

    By Li Xuanmin and Li Qiaoyi | 2022/9/2 17:57:32
  • 2022 CIFTIS kicks off, to inject vitality into world economy

    Chinese President Xi Jinping on Wednesday urged a joint global push to uphold true multilateralism and foster an open and sharing services economy to inject vitality into the world's economic recovery, at a time when the global economy is grappling ...

    By Li Qiaoyi | 2022/8/31 23:24:26
  • HK's role as major global financial hub is on firmer footing, 25 years after its return to the motherland

    A quarter of a century later, not only has the Hong Kong dollar survived crises after crises, but the city's role as a global financial hub has only been further strengthened. With strong backing from the Chinese mainland through every ...

    By Li Qiaoyi and Song Lin | 2022/6/30 19:20:21
  • China doubles down on trade stabilization to ensure Q2 growth

    China on Wednesday doubled down on efforts to stabilize its economy, with a slew of new measures introduced for the trade sector as part of an imperative push to ensure the economy's reasonable growth over the second quarter.

    By By Xie Jun and Li Qiaoyi | 2022/6/9 0:50:56
  • China shows tactical resilience in maintaining flexible supply chains amid pandemic: WEF executive

    China has shown tactical resilience in maintaining flexible supply chains as the COVID-19 pandemic has prompted businesses and policymakers across the globe to rethink supply chain planning, an executive of the World Economic Forum (WEF) said on Thursday, urging increased ...

    By Li Qiaoyi | 2022/5/26 20:54:38
  • China to axe transfer fees for mainland stock trading amid market weakness

    China Securities Depository and Clearing Corporation Limited (CSDC) on Thursday announced the axing of transfer fees for A shares, the first such cuts in nearly seven years, in a fresh move to lift investor confidence amid recent weak performances.

    By Li Qiaoyi | 2022/4/28 21:59:41
  • Chinese tech board reports largest single-day increase in six years amid COVID shadow

    China's benchmark Shanghai stock index made an impressive comeback to crawl back above 2,900 points on Wednesday, while the tech-heavy ChiNext board in Shenzhen recorded its biggest single-day rally in nearly six years.

    By Xie Jun and Li Qiaoyi | 2022/4/27 22:20:41
  • Beijing district to test 3.5m residents amid new surge; officials pledge sufficient supplies

    Beijing's Chaoyang district, home to some 3.5 million residents, will roll out three rounds of mass nucleic acid testing starting from Monday after the district registered the most COVID-19 cases in the capital's latest epidemic surge.

    By Liu Caiyu, Cui Fandi and Li Qiaoyi | 2022/4/24 22:56:48
  • March net capital outflows from Chinese mainland market temporary, may change as firms expected to report solid earnings

    Industry watchers try to decipher the reasons for net capital outflows from the Chinese mainland market over the past few weeks, with many saying that US monetary policy tightening to curb inflation and the fallout of China-US regulatory divergences are ...

    By Li Qiaoyi | 2022/3/29 21:43:17
  • Hong Kong exchange to enhance role as go-to listing venue for mainland firms

    Hong Kong Exchanges and Clearing (HKEX), the operator of Hong Kong's stock exchange, is aiming to consolidate its role as an offshore fundraising hub for Chinese mainland companies amid mounting uncertainties in overseas markets, senior executives said on Tuesday during ...

    By Li Qiaoyi | 2022/3/29 19:19:47
  • Chinese shares continue to rally, as policy assurance reverberates across markets

    After a spectacular reversal a day earlier, Chinese shares continued to rally on Thursday, with huge gains for stocks in Hong Kong and US exchanges, as market sentiment has been boosted by a key financial meeting that moved to tackle ...

    By Li Qiaoyi | 2022/3/17 21:32:21
  • HK-based political advisors propose co-location arrangement at airport

    This would necessarily bring mainland customers in larger numbers than during the pre-pandemic period for Hong Kong, while saving the city's tourism and dining industries from falling, he said.

    By Xie Jun and Li Qiaoyi | 2022/3/6 19:07:49
  • Beijing 2022 to 'break even,' has immeasurable long-term economic benefits

    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.

    By Chu Daye and Li Qiaoyi | 2022/2/22 23:39:22
  • Three months on, Beijing Stock Exchange operates smoothly, opening upward channel for SMEs

    Three months on, the Beijing Stock Exchange (BSE) is running smoothly after finding its place in the nation's equity market, with rising transaction volume, improving trading mechanism and a lengthening listing queue.

    By Zhang Hongpei and Li Qiaoyi | 2022/2/14 18:13:52
  • Lithuanian FM attempts to dump unsalable products in new markets with Singapore, Australia trip

    While hyping the "coercion" accusation against China, Lithuania is anxiously seeking political support from countries around China and trying to draw more countries into its anti-China clique during its Foreign Minister's visit to Singapore and Australia. However, analysts said its ...

    By Li Qiaoyi and Liu Xin | 2022/2/9 0:09:44
  • PBC remarks seen as issuing clarion call to reset economic expectations

    A Tuesday press conference held in Beijing, where participating central bank officials had made an earnest pledge to ensure favorable financing, has turned out to be a much-talked-about morale booster for the Chinese economy amid multiple downward pressures.

    By Li Qiaoyi | 2022/1/19 22:46:14
  • Chinese firms in sectors subject to negative list face limits in overseas IPOs

    Overseas listings by Chinese companies in sectors that are off-limits to foreign investment will become difficult or increasingly less favored following new rules for offshore flotations that were unveiled alongside the latest negative list for market access, analysts said on ...

    By Li Qiaoyi | 2021/12/28 21:05:32
  • China's Baidu launches metaverse app, as more firms join race in 'the next big thing'

    Chinese internet giant Baidu on Monday officially took the wraps off its metaverse app, which was used to hold the company's annual developer conference, as more Chinese tech firms join the global race for supremacy in the next big thing ...

    By Li Qiaoyi and Tu Lei | 2021/12/27 22:08:25
  • Chinese pop singer cuts ties with Intel, as firm feels wrath over its Xinjiang boycott

    Intel's Chinese brand ambassador announced Wednesday plans to terminate cooperation with the US chipmaker, as Intel spirals deeper into a storm of Chinese social media criticism in the wake of its involvement in disinformation on Xinjiang.

    By Li Qiaoyi | 2021/12/22 21:56:14
  • China to cut RRR by 50 basis points as top leadership stresses economic stability in key meeting

    China's central bank announced on Monday a 50 basis-point universal cut in the reserve requirement ratio (RRR) for financial institutions, effective from December 15, which would inject 1.2 trillion yuan ($188.3 billion) in long-term liquidity into the economy, as the ...

    By Li Qiaoyi and Xie Jun | 2021/12/6 22:28:40
  • Three Chinese regulators offer reassurance of overall controllability after Evergrande summoned over debt warning

    South China's Guangdong provincial government summoned the heavily indebted China Evergrande Group late Friday, after the Shenzhen-headquartered property developer warned earlier in the day that it may fail to meet its financial obligations.

    By Li Qiaoyi and Chi Jingyi | 2021/12/4 1:56:11
  • EU's Global Gateway 'another rubber check' from West

    The EU on Wednesday launched a new connectivity initiative called the Global Gateway, aiming to mobilize 300 billion euros ($339 billion) in infrastructure outlays by 2027, in another attempt to counter the China-proposed Belt and Road Initiative (BRI).

    By Li Qiaoyi and Cui Fandi | 2021/12/1 22:28:01
  • Metaverse matters despite all its hype

    If there's any buzzword that's trendier than metaverse in China, it must be metaverse itself, although the item of jargon has almost instantly bewildered most of the world's largest internet population.

    By Li Qiaoyi | 2021/11/15 19:13:39
  • Beijing Stock Exchange kicks off trading, with stellar 1st-day gains for 10 new listings, investors to top 10m

    The Beijing Stock Exchange (BSE), which has been highly anticipated since its September announcement, was officially launched Monday with the debut of the first batch of 81 firms, officially inaugurating a third addition to China's A-share market alongside its 30-something-year-old ...

    By Li Qiaoyi and Chi Jingyi | 2021/11/15 9:30:02
  • Eligible investors to exceed 4 million after Beijing Stock Exchange launch

    The Beijing Stock Exchange (BSE), a third addition to China's A-share market, will be officially launched on Monday, the bourse announced Friday, after a pile of regulatory paperwork and company filings have indirectly pointed to the bourse's availability next week.

    By Li Qiaoyi | 2021/11/12 23:04:45
  • Beijing bourse gears up for launch, first batch of listings announced

    Chinese officials and companies are making final preparations for the widely expected launch of the Beijing Stock Exchange (BSE) on November 15, as the first batch of firms to be listed has been announced and officials reaffirmed the role of ...

    By Li Qiaoyi | 2021/11/11 20:53:39
  • China's new bank loans in Oct exceed market estimates, more long-term lending to households

    China's new bank lending in October exceeded market estimates, with a notable highlight from a return to growth in longer-term loans to households, official data showed on Wednesday, offering an overall upbeat outlook for continued financial support for the real ...

    By Li Qiaoyi | 2021/11/10 22:23:39
  • GT Exclusive: No mass exodus of investment from Hong Kong because of zero COVID-19 policy: spokesperson

    There hasn't been any mass exodus of investment from Hong Kong since the pandemic, a government spokesperson told the Global Times on Thursday, hitting back at claims that the city's zero-tolerance policy toward local COVID-19 cases has prompted foreign investment, ...

    By Li Qiaoyi | 2021/11/4 17:31:46
  • China's coal hub Shanxi emerges from floods, easing coal supply concerns

    As the sun rises over the flooded areas in North China's Shanxi Province, the country's coal hub, woes over a downpour-exacerbated coal-fired power shortage are beginning to subside, as evidenced by the Global Times' onsite interviews in coal-mining regions.

    By Liu Caiyu in Shanxi and Li Qiaoyi in Beijing | 2021/10/17 23:28:40
  • UM's development microcosm of institutional innovations, set to expedite Macao's economic diversification as grand plan kicks in

    In his second exclusive interview with the Global Times, weeks after a grand plan for building a Guangdong-Macao in-depth cooperation zone was unveiled, Song Yonghua, the rector of the University of Macau (UM), was thrilled at the prospect of UM ...

    By Li Qiaoyi in Zhuhai | 2021/10/12 22:09:25
  • Hengqin cooperation zone eyes breakthroughs in analog chipmaking: researcher

    The new cooperation zone on Macao's next-door Hengqin island will take a more targeted approach to revving up the country's chip ambitions, with a focus on efforts that could lead to breakthroughs in analog chipmaking, a local researcher said, in ...

    By Li Qiaoyi in Zhuhai | 2021/9/29 19:25:25
  • TCM on path to underpin Macao's indigenous industrial prowess

    Traditional Chinese medicine (TCM), one of the main industries to diversify Macao's economy, will be riding the waves of an innovation-oriented testing ground connecting the special administrative region (SAR) with its neighbor Hengqin island to catapult the sector into a ...

    By Li Qiaoyi and Tu Lei in Zhuhai | 2021/9/28 19:48:41
  • Macao to rise as regional financial hub: local banker

    There's a good chance that Macao is set to rise as a regional financial hub, a local bank executive said on Monday, expecting a recently announced backstop plan for the special administrative region (SAR) to pave the way for its ...

    By Li Qiaoyi in Zhuhai | 2021/9/27 20:18:39
  • Chinese Big Tech vows to support SMEs at premier internet summit

    At the water town of Wuzhen in East China's Zhejiang Province where a high-level annual internet forum puts China's best and brightest tech talent on show surrounded by voices of confidence and resilience from tech luminaries from both home and ...

    By Zhang Dan and Li Qiaoyi in Beijing, Xie Jun in Wuzhen and Qi Xijia in Shanghai | 2021/9/26 23:03:39
  • Taiwan DPP blasted over using CPTPP bid to seek secession

    The island of Taiwan's application for membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), about one week after the Chinese mainland's, was met with stern warnings from the Chinese central government on Thursday.

    By Li Qiaoyi and Xu Keyue | 2021/9/24 1:11:32
  • Mainland-HK bond linkup to start southbound trading in landmark move for financial opening-up

    The long-anticipated southbound leg of the bond trading linkup between the Chinese mainland and Hong Kong will be launched next week, officials announced on Wednesday, ending the suspense of the last four years after the availability of the northbound trading.

    By Li Qiaoyi and Xie Jun | 2021/9/15 22:08:39
  • Vice premier Liu He vows unwavering support for private sector

    Chinese Vice Premier Liu He on Monday vowed unchanged and firm support to the country's private sector, a sign from the top of reassurance to businesses, clarified misinterpretations, and also fought back at foreign smearing of China's tightened regulatory measures ...

    By Shen Weiduo and Li Qiaoyi | 2021/9/6 21:49:28
  • High-tech elements showcased at 2021 China International Fair for Trade in Services

    Advanced technologies related to the current hottest topics, such as virus prevention, carbon emission reduction, and the winter Olympics are now on display at the ongoing 2021 China International Fair for Trade in Services (CIFTIS).

    By Li Qiaoyi and Shan Jie | 2021/9/5 19:17:25
  • Beijing stock exchange 'may start trade as early as year-end,' to form 'effective closed loop' with onshore, offshore capital capacities

    The blockbuster announcement of the setup of a new stock exchange in China's capital city, being referred to as the “third child” to the A-share market that currently bases trades in Shanghai and Shenzhen, becomes the focus of attention during ...

    By Li Qiaoyi and Qi Xijia | 2021/9/3 17:27:01
  • China, Arabs eye closer green energy ties on solar panels, hydrogen

    China and Arab states, both tasked with a mission to ensure energy security while pushing for a transition toward renewables, have set their eyes on closer energy ties, notably in green sources such as solar panels, hydrogen and nuclear power, ...

    By Li Qiaoyi in Yinchuan | 2021/8/20 19:52:57
  • China eyes strengthening law enforcement in battling monopolies, unfair competition

    China will strengthen and improve its antitrust and unfair competition law enforcement as part of efforts to create a fair, transparent and predictable business environment in accordance with legal principles, according to the country's five-yearly plan for building a law-based ...

    By Li Qiaoyi | 2021/8/11 20:58:39
  • HK market sees booming business due to dynamism brought by mainland stock links, IPOs

    The Hong Kong Stock Exchange (HKEX) has reported record revenues during the first six months this year, driven by the momentum of Hong Kong-Chinese mainland stock link system and the recent trend of mainland-based companies seeking IPOs in Hong Kong.

    By Xie Jun and Li Qiaoyi | 2021/8/11 20:28:39
  • Ericsson's setback in China linked to Sweden's crackdown on Chinese firms: source

    Swedish telecom behemoth Ericsson scored poorly in a recent 5G radio tender in China, which is linked to the Swedish government's arbitrary crackdown on Huawei and other Chinese firms, according to a source familiar with the matter.

    By Li Qiaoyi and Shen Weiduo | 2021/7/22 22:40:48
  • 3 more internet firms scrutinized amid rising data security concern

    China's cyberspace regulator on Monday put three more internet platforms under scrutiny, three days after it announced a review of cybersecurity into the country's top ride-hailing platform Didi Chuxing, indicating the country's resolve to clamp down on data breaches and ...

    By Li Qiaoyi and Zhang Hongpei | 2021/7/5 23:28:40
  • Chinese regulator orders app stores to remove Didi, shows resolve to enhance data protection

    China's cyber watchdog asks APP stores to remove ride-hailing app DiDi Chuxing due to user data collection violations  

    By Li Qiaoyi and Hu Yuwei | 2021/7/4 20:02:05
  • Mainland stock indexes end first half year on a high note

    Chinese mainland shares edged higher on Wednesday amid strong earnings estimates, notably from semiconductor chipmakers, with the tech-heavy ChiNext index scaling a new six-year high.

    By Li Qiaoyi | 2021/6/30 20:18:40
  • Anti-foreign sanctions draft law proposed to top legislature

    The draft law for anti-foreign sanctions was proposed to the meeting of the Standing Committee of the 13th National People's Congress (NPC) Mon, providing strong legal support and guarantees for China's counter measures against foreign discriminatory moves in accordance with ...

    By Chen Qingqing and Li Qiaoyi | 2021/6/7 19:46:40
  • China lifts FX reserve requirement ratio to quell yuan rally

    China's central bank announced on Monday that it will raise financial institutions' required reserves for foreign-currency deposits by 2 percentage points starting from June 15, a move that's expected to pour cold water on the recent speculation-fueled yuan rally that ...

    By Li Qiaoyi | 2021/5/31 20:22:04
  • A shares rally on record northbound net inflows from HK as yuan gains strength

    Chinese mainland stock market posted a stellar rally on Tuesday, with the flagship Shanghai Composite Index finishing up 2.4 percent at 3,581.34 points. The gain was spurred by record net inflows into the A-share market via northbound trading linkups between ...

    By Li Qiaoyi | 2021/5/25 21:53:40
  • China will ensure supply of major commodities and curb unreasonable hikes on prices

    China will crack down on monopolistic practices, the dissemination of fake news and price gouging as part of efforts to ensure supply of major commodities and curb unreasonable price hikes, according to a State Council executive meeting on Wednesday.

    By Li Qiaoyi | 2021/5/20 0:47:38
  • Meet with Biden a 'test' for Suga, open confrontation with China could cause consequences Japan 'cannot bear': analysts

    China is expected to be the topic that dominates the upcoming talks between US President Joe Biden and Japanese Prime Minister Yoshihide Suga. Observers see this meeting would be more of a test, rather than a diplomatic accomplishment for Suga, ...

    By Zhao Yusha and Li Qiaoyi | 2021/4/16 0:03:39
  • Ant Group to overhaul businesses after regulatory talk

    Ant Group will apply to transform itself into a financial holding company as part of a multifaceted rectification plan that touches on various aspects of the firm's businesses, including payment and consumer data, a senior Chinese official said on Monday, ...

    By Li Qiaoyi and Tu Lei | 2021/4/12 21:48:39
  • China-Iran cooperation based on domestic devt requirement

    China has signed a 25-year agreement with Iran to enhance comprehensive cooperation, which however was interpreted by some Western media from a geopolitical competition perspective, claiming that China would invest $400 billion in Iran and the two countries sought to ...

    By Leng Shumei and Li Qiaoyi | 2021/3/29 1:19:38
  • China, in better position to manage monetary stance, unlikely to join rate-hike trend: economists

    Emerging economies including Brazil, Turkey and Russia have announced interest rate hikes in the face of soaring inflation, fueling speculation about a broader rate rise in emerging economies.

    By Li Qiaoyi | 2021/3/23 20:48:39
  • Intel says it values diversity after removing ad using 'sexist' female stand-up comedian amid controversy

    Intel China's latest laptop advertisement triggered controversy on Chinese social media over the weekend as it used "sexist" stand-up comedian Yang Li, who caught her big break last year for sarcastic attacks on men during online gigs.

    By Leng Shumei and Li Qiaoyi | 2021/3/21 22:41:05
  • EU essentially motivated to set in motion investment treaty with China: observers

    The mega investment treaty between China and the EU may legally come into force next year, regional affairs observers said Saturday, expecting a painstaking ratification effort to clear some roadblocks along the way.

    By Li Qiaoyi | 2021/3/20 22:10:23
  • Beijing court vital to protect investors' interests overseas, part of push for extraterritorial application of Chinese financial legislation

    China's second financial court was officially launched in Beijing on Thursday, setting in motion a specialized tribunal to take up cases that relate to damage to domestic investors arising from overseas listings or overseas financial institutions' offerings.

    By Li Qiaoyi | 2021/3/18 22:53:39
  • Favorable policies prompt HK professionals to pursue careers in Chinese mainland

    More Hong Kong professionals, ranging from young entrepreneurs to middle-aged academics, are choosing to pursue their careers in the Chinese mainland, whether starting a business or working for mainland companies and institutions, as they are aware of the mainland's huge ...

    By Li Qiaoyi and Xie Jun | 2021/3/10 19:58:40
  • Regulator moves to tighten grip on commercial banks' internet loans

    China's bank regulator has tightened its grip on commercial banks' internet loan business with new rules issued over the weekend that crystallize limits on online loan extension, including a minimum 30-percent funding from the banks' partner institutions in a collaborative ...

    By Li Qiaoyi | 2021/2/21 22:08:40
  • Central bank injects $1.55 billion liquidity to meet rising market demand

    China's central bank injected 10 billion yuan ($1.55 billion) on a net basis into the financial system on Monday, allaying woes over a cash crunch after its open market operations largely fell short of market expectations for ample liquidity provision ...

    By Li Qiaoyi | 2021/2/8 18:32:40
  • China-US trade ties at turning point as world awaits new teams' contact

    With the first anniversary of the China-US phase one deal's signing falling on Friday, the entire world is glued to how the incoming Joe Biden administration will mobilize his brand new negotiating team to reach out to the US' most ...

    By Wang Cong and Li Qiaoyi | 2021/1/15 13:10:53
  • Goods trade growing in China only

    With China's exports in full swing, and helping mend the coronavirus-fractured global supply chains despite intermittent threats and hostile moves from the US and Australia, the country's exports have proven to be a tower of strength for its economy with ...

    By Li Qiaoyi | 2021/1/14 21:50:55
  • For China and the world, 2021 may bring a few pleasant surprises

    Anti-coronavirus battle, economic revival, high-technology endeavor, a new Five-Year plan, and building China's own space station…so what are the much hoped for events that will shape China's upcoming 12 months of 2021?

    By Wan Lin and Li Qiaoyi | 2021/1/1 21:06:26
  • China unveils zero-tolerance delisting rules

    China's two main stock bourses have unveiled revised delisting rules in a zero-tolerance approach to problematic firms that taint the world's second-largest stock market.

    By Li Qiaoyi | 2021/1/1 18:12:54
  • S&P indices to drop 21 Chinese companies

    S&P Dow Jones Indices, a division of US financial services conglomerate S&P Global, announced on Wednesday the impending removal of 21 Chinese companies from its equity and fixed-income indices, becoming the second index provider this month to translate a Trump ...

    By Li Qiaoyi | 2020/12/10 20:13:40
  • Lam's bank woes show risk of US dominance of global finance system

    The revelation that the Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam, who was among 11 officials sanctioned in August by the US, can't use a bank account is a reminder that China's national sovereignty and ...

    By Li Qiaoyi | 2020/11/29 22:26:44
  • China pushes test-based health code, eyes global mechanism

    More Chinese embassies have joined the push for pre-departure health codes based on coronavirus nucleic acid and antibody tests, a prerequisite for China-bound travels, which can shed light on how a global mechanism for mutual health code recognition will look ...

    By Li Qiaoyi and Zhang Han | 2020/11/26 20:23:41
  • Global COVID-19 QR code key to restart

    One of China's distinct solutions to combat COVID-19 pandemic is setting up an international mechanism consisting of a QR health code as proposed by China's top leader over the weekend.

    By Li Qiaoyi and Zhang Dan | 2020/11/24 20:53:40
  • Digital prowess the only silver lining in COVID-19 recession

    Amid intermittent drizzles that add to the beauty of the water town of Wuzhen in East China's Zhejiang Province, where the annual World Internet Conference (WIC) is being held, voices are growing louder that China's digital prowess renders the global ...

    By Li Qiaoyi in Wuzhen | 2020/11/23 22:59:21
  • China showcases digital know-how at World Internet Conference

    China showcased cutting-edge technologies ranging from artificial intelligence (AI) and cloud computing to big data and blockchain at an expo on Sunday in Wuzhen, a town in East China's Zhejiang Province, a day before the opening of the 2020 World ...

    By Li Qiaoyi in Wuzhen and Xie Jun in Shanghai | 2020/11/22 19:43:40
  • Pudong's opening-up unmatched globally: influential banker

    In the eyes of Pei Yigen, a Shanghai native turned international banker, the present Pudong New Area – a glittering skyscraper hub of China's “magic capital” – was once beyond his wildest dreams.

    By Li Qiaoyi | 2020/11/12 21:38:41
  • Markets see Biden surge

    A coming Joe Biden US presidency is sending global markets higher and injecting notable optimism into China's equity market, as he is expected to move away from a financial decoupling with China, market observers said.

    By Zhang Dan and Li Qiaoyi | 2020/11/9 19:41:20
  • Ant Group's Shanghai IPO put on hold

    Tougher regulation on China's white-hot fintech business has arrived, after the Shanghai Stock Exchange surprised market investors with an abrupt announcement late on Tuesday that it will suspend Ant Group's IPO in the STAR Market, as regulators and the public ...

    By Li Qiaoyi | 2020/11/3 21:50:46
  • iFlyTek largely unaffected by US blacklisting: chairman

    The US-instigated technology war with China has forced homegrown artificial intelligence (AI) firms to focus more on core technological innovation, the founder and chairman of iFlyTek said on Friday, noting that the top Chinese voice recognition firm, underpinned by its ...

    By Li Qiaoyi in Hefei | 2020/10/23 19:37:10
  • HK financial businesses eyeing opportunities in Shenzhen

    With the central government's new policy boost providing tailwinds for Shenzhen, the city in southern Guangdong Province where a special economic zone (SEZ) was created 40 years ago will be in-creasingly a goldmine for the financial business community in Hong ...

    By Li Qiaoyi in Shenzhen | 2020/10/15 17:33:42
  • Digital push to power economic shift

    China's push to digitize its economy, a pivot of the nation's economic resilience despite the virus assault, is envisioned to power its shift from being a global factory floor to the world's trendsetter in innovation, officials and business executives said ...

    By Li Qiaoyi in Fuzhou | 2020/10/12 21:48:40
  • New UNCTAD data justifies China's trade and economic prowess

    China's unshakable position as a global trade and economic powerhouse is once again justified by the UN Conference on Trade and Development (UNCTAD), which put China's economic growth at the top of the range over 2020-21 in its annual trade ...

    By Li Qiaoyi in Beijing and Xie Jun in Yiwu | 2020/9/23 21:26:02
  • TikTok, WeChat face new risks after 'win'

    Popular Chinese mobile apps TikTok and WeChat encountered fresh new challenges and risks on Monday just a day after their plight in the US made what some called a positive turn, as US President Donald Trump threatened to block a ...

    By Wang Cong and Li Qiaoyi | 2020/9/22 0:31:39
  • HSBC shares sink on scandal report

    HSBC's shares plunged to their lowest level since 1995 in Hong Kong on Monday, as its reported involvement in a dirty money scandal utilizing the bank's accounts in Hong Kong dealt a fresh blow to its already sagging reputation.

    By Li Qiaoyi | 2020/9/21 22:22:52
  • Megvii unveils latest algorithm training framework version

    Chinese artificial intelligence (AI) firm Megvii Technology, known for facial recognition platform Face++, on Friday unveiled the 1.0 preview version of its proprietary open-source deep learning framework MegEngine, in a fresh move to close China's gap in the AI ecosystem ...

    By Li Qiaoyi | 2020/9/18 23:13:41
  • US maximizes pressure on TikTok ahead of deadline

    With the US Commerce Department announcing Friday a ban on the use of WeChat and TikTok, the Trump administration has gone to extremes to turn the US market into a slaughterhouse for Chinese firms. Industry observers said this shows President ...

    By Li Qiaoyi and Zhang Dan | 2020/9/18 22:09:20
  • Megvii unveils latest version of open-source deep learning framework for algorithm training

    Chinese artificial intelligence (AI) firm Megvii Technology, known for its facial recognition platform Face++, on Friday unveiled the 1.0 preview version of its proprietary open-source deep learning framework MegEngine, in a fresh move to close China's gap in AI ecosystem ...

    By Li Qiaoyi | 2020/9/18 18:03:52
  • Greater opening-up predicted for China's aviation market

    There's more to expect from China's aviation market, not only its peer-surpassing domestic recovery, but a deregulation of the market to enable greater access for foreign businesses. The views were expressed by government officials, industry executives and market watchers during ...

    By Li Qiaoyi | 2020/9/8 18:34:06
  • Digital economy reshapes Chinese life, boosts devt amid pandemic

    Amid a confluence of factors behind China's economic recovery from the COVID-19 pan-demic, including robust anti-virus measures and the resilience of the country's economy, the rise of China's digital economy could be one of the biggest stabilizers for life and ...

    By Li Qiaoyi and Wang Cong | 2020/9/7 20:55:08
  • China to expand the scope of eligible securities for trade under stock linkups as part of financial opening-up

    The securities regulator pledged to encourage overseas securities, funds and futures institutions to expand their footprints in the Chinese market and support domestic financial institutions in exploring overseas opportunities.

    By Li Qiaoyi | 2020/9/6 13:32:16
  • Chinese vaccine firms show COVID-19 candidates at Beijing tradeshow

    Two of China's vaccine front runners – among the most attention-grabbing at this year's services trade fair in Beijing – offer some insight into the country's leadership in pharmaceutical research against the COVID-19 pandemic.

    By Li Qiaoyi | 2020/9/4 19:58:40
  • New rules make it easier for foreign investors in mainland bonds

    Three Chinese government bodies have announced draft measures that will further equalize treatment for overseas and domestic bond investors, while offering convenience for overseas institutional investors to allocate yuan-denominated bond assets.

    By Xie Jun and Li Qiaoyi | 2020/9/2 21:38:40
  • Ant Group poised for record dual listings as US exchanges lose allure

    Chinese fintech giant Ant Group is on track for a record-setting dual listing in its home markets, observers said, and they anticipate the nation's stock exchanges will attract more local technology heavyweights amid China-US tensions.

    By Li Qiaoyi | 2020/8/26 22:03:41
  • Alibaba investors reportedly swap ADRs for HK stock amid US regulatory tightening

    Multiple major shareholders of Alibaba have reportedly swapped the e-commerce giant's US-listed shares for Hong Kong stock to shield their holdings from potential sanctions targeting US-traded Chinese technology firms.

    By Li Qiaoyi | 2020/8/24 22:58:41
  • A shares to align with int'l peers

    China's flagship Shanghai Composite Index is on course to hit its year-to-date high as the market prices in an imminent move to align A shares with their global counterparts, parts of a broad effort to match the nation's economic muscle.

    By Li Qiaoyi | 2020/8/18 17:13:40
  • Retail sales seen resuming growth

    China's retail sales are likely to return to growth in July for the first time in 2020, underpinning a consensus that the economy is headed for an annual expansion despite a deep global recession, market observers said ahead of a ...

    By Li Qiaoyi | 2020/8/12 19:43:40
  • New GBA intercity rail plan set to boost economic growth in Hong Kong, Macao

    A massive intercity rail plan for the Guangdong-Hong Kong-Macao Greater Bay Area has been revealed. It will provide a much-needed boost for cities in one of the world's biggest metropolitan areas, particularly the two special administrative regions (SARs) which are ...

    By Li Qiaoyi | 2020/8/5 20:53:41
  • Former Chinese banker urges that digital currency substitutes all currencies

    Digital currency should substitute all currencies as much as possible to support profound monetary operation reforms, an influencer in China's financial sector said over the weekend.

    By Li Qiaoyi | 2020/8/2 21:58:40
  • China's STAR Market underpinning indigenous tech push amid US crackdown

    The STAR Market in Shanghai, a tech and innovation-heavy board envisioned to fund the Chinese economy's shift to technology and financial sophistication, has been running for slightly over a year, underpinning the nation's push for indigenous prowess despite the multifaceted ...

    By Li Qiaoyi | 2020/8/1 18:03:08
  • V-shaped rebound expected

    After turning in its first contraction on record in the first quarter amid the epidemic, China's economy is back on a growth track in the second quarter, market estimates collected by the Global Times show, a feat that sets the ...

    By Li Qiaoyi and Zhang Dan | 2020/7/14 21:43:41
  • HK doesn't need US consent for its exchange rate system: HK financial chief

    There's no need to ask for US consent on a decades-old exchange rate system linking Hong Kong's local currency and the US dollar, Hong Kong Financial Secretary Paul Chan Mo-po said on Wednesday, as the recent chase after Chinese assets ...

    By Chen Qingqing, Zhao Juecheng and Li Qiaoyi | 2020/7/8 13:57:03
  • Chinese A-shares soar as bull run sets in

    Chinese mainland shares rocketed on Monday, turning in the benchmark Shanghai Composite Index's biggest one-day gain in five years, as a continued surge in securities stocks ignites investor confidence for the start of a bull run in the world's second-largest ...

    By Li Qiaoyi | 2020/7/6 19:03:40
  • It's unwise if India gives up Chinese telecom equipment: analysts

    India cannot bear the consequences of losing the participation of Chinese companies in its infrastructure and 5G rollout, and the scrutiny leveled at Chinese technology products may decouple the country from global 5G development, analysts said.

    By Zhang Dan and Li Qiaoyi | 2020/7/2 20:33:40
  • Intel temporarily suspends supplies of chips to Inspur

    Intel, which has halted shipments to Chinese server major Inspur, will resume supplies at a later date, the largest US chipmaker confirmed with the Global Times on Wednesday. The suspension, albeit short-lived, could spill over to affect other companies, and ...

    By Li Qiaoyi | 2020/7/1 21:38:40
  • Chinese economy may have grown as much as 3% in Q2, no huge monetary stimulus seen

    China's economy is expected to have expanded as much as 3 percent in the second quarter as it gradually emerged from the shadow of the COVID-19 outbreak, said veteran market watchers, who played down the possibility of any drastic monetary ...

    By Li Qiaoyi | 2020/6/30 20:18:40
  • Microsoft's plan to close retail stores won't affect performance in Chinese market

    Microsoft's decision to stop operating many of its brick-and-motor retail stores won't affect its business in China, a company spokesperson told the Global Times on Sunday.

    By Yin Yeping and Li Qiaoyi | 2020/6/28 20:18:43
  • Realme eyes 100m smartphone sales in 2-3 years

    International economic shifts won't deter overseas expansion of realme, the founder of the upstart Chinese smartphone brand said, eyeing global sales of 100 million units over the next two to three years.

    By Li Qiaoyi | 2020/6/24 19:08:22
  • Shanghai bourse to revise A-share benchmark index

    The Shanghai Stock Exchange announced Friday it would revise the benchmark Shanghai Composite Index, in a major move to align China's A-share market with its global counterparts.

    By Li Qiaoyi | 2020/6/19 22:53:41
  • New COVID-19 outbreak in Beijing will be contained: experts

    A sudden spike in COVID-19 infections in Beijing linked to Asia's largest wholesale market struck a sudden blow to the capital city's seafood business, especially the salmon trade, and sounded the alarm about any lowering of the guard against the ...

    By Li Qiaoyi | 2020/6/14 22:03:40
  • US offers boost to HKSAR in financial war with China: analysts

    Top US officials have threatened to impose sanctions on the Hong Kong Special Administrative Region (HKSAR) if China implements the National Security Law in the city, but by wading into a new battleground in its trade and economic war with ...

    By Li Qiaoyi and Wang Cong | 2020/6/11 20:18:41
  • heads for Hong Kong listing

    It's just days before China's e-commerce giant gets a listing on the Hong Kong bourse, the second mega IPO of a Chinese mainland-based technology powerhouse following Alibaba's secondary listing in Hong Kong last November.

    By Xie Jun and Li Qiaoyi | 2020/6/8 21:03:40
  • 600m with $140 monthly income worries top

    A group of figures stood out from Chinese Premier Li Keqiang's remarks at an annual press conference on Thursday as offering a sobering reminder of challenges to prop up the economy amid the raging pandemic.

    By Li Qiaoyi | 2020/5/29 21:58:40
  • China eyes 15-year R&D development plan to get ready for a tech contest with US

    Minister of Science and Technology Wang Zhigang said Tuesday that China will draw up a 15-year roadmap for science and technology development, and he called for international cooperation in the technology sphere, despite mounting concerns over a looming tech cold ...

    By Li Qiaoyi | 2020/5/19 18:43:40
  • Huawei ban drags China, US into tech cold war

    The latest US ban on Chinese high-tech firm Huawei Technologies has officially dragged the two countries, which have seen bilateral ties sour amid the ongoing coronavirus pandemic, into a prolonged cold war in the tech sector, as such a ...

    By Chen Qingqing and Li Qiaoyi | 2020/5/17 22:13:40
  • China's timely policy response has proved effective in propping up coronavirus-hit economy: top financial influencers

    China's timely macroeconomic policy response to the coronavirus outbreak has proved effective in propping up its economy that's on track for positive growth in 2020, top Chinese financial influencers said Saturday at a high-profile online forum.

    By Li Qiaoyi | 2020/5/16 14:11:50
  • China's 2020 fiscal deficit target to exceed 3%: economists

    China is on track to set its annual fiscal deficit target beyond 3 percent for 2020 – one of the most-watched economic goals to be unveiled at the forthcoming annual two sessions –to pump more support into its coronavirus-hit economy, ...

    By Li Qiaoyi | 2020/5/14 20:03:40
  • China stops beef imports from four Australian companies, due to inspection and quarantine breaches

    China said on Tuesday that beef from four Australian companies failed to meet import standards set by both governments and posed a safety risk to Chinese consumers, explaining an earlier decision by Chinese customs to temporarily halt beef imports from ...

    By Wang Bozun and Li Qiaoyi | 2020/5/12 21:03:40
  • April new yuan loans stronger than expected as support continues for virus-ravaged economy

    China's new yuan-denominated loans were stronger than expected in April, central bank data showed Monday, as the nation maintains monetary support for its coronavirus-ravaged economy.

    By Li Qiaoyi | 2020/5/11 20:29:42
  • More US-listed Chinese firms to 'come home' as regulations get tougher

    Chinese companies are abandoning pursuit of listings at the US stock market, with many shifting to bourses at the Chinese mainland and Hong Kong due to an excessively regulatory toughening targeting Chinese firms, according to market watchers.

    By Li Qiaoyi | 2020/5/6 19:28:41
  • Chinese stocks listed on US exchanges to take a battering from SEC rebuke: industry insiders

    Chinese stocks listed on US exchanges will inevitably take a battering from the recent US regulatory rebuke, Chinese industry insiders say, noting more Chinese firms are expected to consider IPOs closer to their home market.

    By Li Qiaoyi | 2020/4/25 0:14:02
  • China could lift deficit-to-GDP to highest on record amid COVID-19

    In the midst of a COVID-19 pandemic that has subdued its economy and led to a contraction of 6.8 percent in the first quarter, China is expected to raise its budget deficit to 3.5 percent of GDP this year, economists ...

    By Li Qiaoyi | 2020/4/19 22:48:40
  • Warnings pile up as pandemic hits profits

    Profit warnings from Chinese companies are piling up as many businesses took a hit in the first quarter, a clear sign that the coronavirus outbreak has sent shockwaves through the world's second-largest economy.

    By Li Qiaoyi | 2020/4/16 19:03:40
  • Yuan's global role set to rise

    China's push to transform the yuan into a global currency is set to gain momentum alongside efforts to continue opening up its financial markets, analysts said, noting that the nation's effective containment of the coronavirus outbreak is helping to stabilize ...

    By Li Qiaoyi | 2020/4/15 18:33:40
  • Geely vows greater commitment to mitigating future local risks

    Geely, the largest private automaker in China, has vowed greater support for local suppliers where its factories are based, under efforts to cushion the coronavirus-induced impact on global supply chains, a company executive said.

    By Li Qiaoyi in Ningbo | 2020/4/14 22:03:40
  • Supply chains going nowhere

    Conversations with locals in the port city of Ningbo were on most occasions filled with down-to-earth thinking about how the local economy, essentially underpinned by the city's manufacturing prowess, could better weather the coronavirus storm.

    By Li Qiaoyi in Ningbo | 2020/4/14 21:58:40
  • Crisis becomes opportunity for Chinese exporters to focus on domestic market

    Beleaguered Chinese exporters are making shrewd moves to focus more on the domestic market and turn the coronavirus pandemic into an impetus for their climb up the value chain.

    By Feng Yu and Li Qiaoyi in Ningbo | 2020/4/13 22:18:40
  • Can China's exports survive pandemic after surviving domestic outbreak?

    After Wuhan, capital city of Central China's Hubei Province hit hardest by the COVID-19 pandemic in the country, lifted its city lockdown after 76 days in isolation to contain the novel coronavirus spread, China officially entered the next stage of ...

    By Li Qiaoyi in Ningbo and Wang Cong in Beijing | 2020/4/12 21:02:52
  • Market volatility to ease amid containment efforts

    With the coronavirus pandemic stoking unprecedented volatility across varying asset classes globally, a galaxy of investors has lately felt at sea with future directions. Hard-won life lessons of Wall Street influencer Stephen A. Schwarzman (Schwarzman) therefore instantly seem to be ...

    By Li Qiaoyi | 2020/4/11 3:18:40
  • Luckin investors prepare class action response against upstart coffee chain

    Starbucks' China rival Luckin Coffee confessed to fabricating transactions, following Muddy Waters' short thesis from February.

    By Li Qiaoyi and Zhou Zheng | 2020/4/3 6:48:46
  • Navigating economy in 2020

    To set an annualized GDP target or not, that's the question for the world's second largest economy in 2020, a year that seems tougher than ever, touched upon by some influential Chinese economists interviewed by the Global Times.

    By Li Qiaoyi and Ma Jingjing | 2020/4/1 2:31:33
  • Xi's Zhejiang tour boosts companies' confidence

    Nationwide efforts to restart the coronavirus-battered Chinese economy seem to have proceeded by fits and starts amid an explosion in confirmed cases in Europe and the US, with authorities and industry insiders voicing concerns over the plight of life services ...

    By Li Qiaoyi and Shen Weiduo | 2020/3/30 17:43:40
  • China must prepare for shocks as massive US rescue package adds urgency

    An unprecedented $2.2 trillion rescue package envisioned to save the US economy from a free fall highlights a massive downward pressure on US economy hit hard by the spreading coronavirus, market observers said.

    By Li Qiaoyi | 2020/3/26 21:03:40
  • Now is not the time for unrestrained optimism

    The unrelenting swings over the past few days across almost all types of assets seems a surreal experience for investors across the globe betting on risky assets. In a sign of self-mockery among Chinese investors that have lately taken a ...

    By Li Qiaoyi | 2020/3/25 22:49:03
  • As virus spreads worldwide, China's economic growth outlook dims

    The Chinese economy remains under immense pressure from the fallout of the COVID-19 pandemic, although effective virus containment by the government lays the basis for revival hopes, Chinese analysts say.

    By Li Qiaoyi | 2020/3/25 20:43:41
  • US Fed's all-in loosening may brew greater risks

    An unprecedented quantitative easing package rolled out by the US Federal Reserve to save a slumping economy may ameliorate fears in the global markets for the moment, economists said, but the US central bank's historical show of force could set ...

    By Li Qiaoyi | 2020/3/24 21:38:40
  • Yuan to remain under control: analysts

    The Chinese currency has lately come under downward pressure as a dollar funding squeeze is siphoning liquidity away from global markets, market observers said, adding that the yuan won't get out of control as the economy will stabilize ahead of ...

    By Li Qiaoyi | 2020/3/23 21:39:43
  • China has more monetary leeway than global peers amid coronavirus pandemic: market watchers

    China's central bank on Friday surprised the market with its decision to keep its benchmark lending rate steady in March, despite a global race to cut rates amid the coronavirus pandemic.

    By Li Qiaoyi | 2020/3/20 20:28:40
  • Nationwide business recovery unlikely before May: experts

    Under the most optimistic scenario, China's economic activity will fully rebound in the second half of the year, as vigilance against imported coronavirus infections has complicated arrangements to get the economy quickly back in motion.

    By Li Qiaoyi and Shen Weiduo | 2020/3/19 22:03:40
  • China stocks are poised for bull run

    China's shares are still one of the "best performers" among global stock markets, which mostly tumbled in a coronavirus-triggered market selloff, although mainland markets are also under pressure amid rising global risk aversion, Chinese analysts said on Tuesday.

    By Xie Jun and Li Qiaoyi | 2020/3/17 22:23:40
  • China's manufacturing sector faces contraction

    Activity in China's factory sector is expected to contract in February due to the fallout of the coronavirus outbreak on the world's factory, according to market observers.

    By Li Qiaoyi | 2020/2/26 23:04:50
  • China repels US bullying at WIPO

    China on Wednesday vigorously pushed back a US attempt to block the Chinese nominee from leading the World Intellectual Property Organization (WIPO), which oversees the massive global IP system, slamming Washington for interfering in the elections and bullying other countries ...

    By Liu Xin in Geneva, Wang Cong and Li Qiaoyi in Beijing | 2020/2/26 22:06:49
  • Phone shipments to drop over 10% in 2020 if virus turns a pandemic

    Global smartphone shipments are likely to fall 10 percent or more this year due to the fallout of the coronavirus outbreak on industrial supply chains and inhibited consumer demand, an industry analyst said on Tuesday.

    By Li Qiaoyi | 2020/2/25 19:28:18
  • Wuhan-based memory chipmaker maintains normal operations despite novel coronavirus

    While the city of Wuhan in Central China's Hubei Province remains under quarantine due to the novel coronavirus, the operations of Yangtze Memory Technologies Co (YMTC), one of China's most advanced memory chipmakers, has been unaffected, a company spokesperson told ...

    By Li Qiaoyi | 2020/1/28 23:44:05
  • US, China must assume reciprocal obligations in financial services opening

    The financial services part of the phase one trade deal, featuring obligations from both sides that are basically reciprocal, has once again testified to China's efforts to liberalize its financial sector, the People's Bank of China (PBC), the country's central ...

    By Li Qiaoyi | 2020/1/16 20:08:40
  • Greater Bay Area helps HK ad giant to defy downturn amid unrest

    Metta Communications, the largest independent advertising agency in Hong Kong, has defied an overall downturn in the industry amid months of unrest and uncertainty in the city, benefiting from its expansion into a group of cities under a major regional ...

    By Li Qiaoyi in Hong Kong | 2019/12/23 19:58:40
  • Greater Bay vision takes tangible shape

    After almost a year's development, China's ambitious Guangdong-Hong Kong-Macao Greater Bay Area has been gradually taking shape and injecting fresh momentum to the two special administrative regions (SAR), industry observers said.

    By Shen Weiduo in Beijing and Li Qiaoyi in Macao | 2019/12/18 21:23:40
  • Optimism about China's economy undimmed by divergent views on 2020

    Editor's Note: All eyes are on the possibility of China's GDP growth falling below 6 percent in 2020. What if China's GDP growth falls below 6 percent in 2020, as the prolonged China-US trade war and a slowing global economy continue ...

    By Li Qiaoyi | 2019/12/2 20:03:42
  • Calls endure to free Meng

    Calls were still loud Sunday on Chinese social media for the release of Huawei Chief Financial Officer Meng Wanzhou one year after her arrest in Vancouver airport at the request of the US.

    By Li Qiaoyi | 2019/12/2 0:08:39
  • China to ensure mature policy for digital currency

    China is not vying to become the first among major global economies to launch its fiat digital currency, Zhu Min, former deputy governor of China's central bank, said on Friday.

    By Li Qiaoyi | 2019/11/22 22:43:40
  • Shorter market access negative list unveiled

    China on Friday unveiled a shortened negative list for market access, a move experts said meant to create a modern market system that features further opening-up and orderly competition amid downward growth pressure and prevailing protectionism across the world.

    By Huang Ge, Li Qiaoyi and Ma jingjing | 2019/11/22 19:33:40
  • Central government 'has to be a player' in restoring peace to HK

    China's central government is expected to play a role in resolving what's been happening in Hong Kong where there are real security risks, the founder of a US-based financial and economics firm said on Thursday.

    By Li Qiaoyi | 2019/11/21 14:13:50
  • Why has Singles' Day's $38.3 billion shopping record failed to boost stocks?

    Why did the e-commerce fervor, arguably an indication of Chinese consumers' rising spending power, fail to create positive ripple effects in the stock market?

    By Li Qiaoyi | 2019/11/12 17:56:14
  • China to overtake US as top importer: consultancy head

    China is expected to overtake the US as the world's largest importer while retaining its position as the world's top exporter for years to come, the chairman of a blue-chip US consulting firm said in Beijing on Friday.

    By Li Qiaoyi in Beijing and Wang Jiamei in Shanghai | 2019/11/8 23:18:42
  • Nation plans to extend lead over US in 6G race: experts

    By already launching research into sixth-generation (6G) technology, China can be expected to extend the country's healthy lead over the US in global 5G into a future world that is increasingly reliant on technology, Chinese experts said on Thursday.

    By Li Qiaoyi and Zhang Hui | 2019/11/8 0:48:39
  • China issues new guidelines for foreign investment

    China on Friday unveiled new guidelines for the implementation of its new foreign investment law, providing investors a well-designed protection mechanism that testifies to the nation's open-mindedness toward foreign investment.

    By Li Qiaoyi and Wang Cong | 2019/11/1 21:58:40
  • 5G optimism prevails amid trade war while investment views remain divided

    Unease over a trade tension-fueled technological decoupling is expected to serve as a continual impetus for China's 5G technology push, a promising area to deploy capital amid a slowing economy, investors and industry participants said Monday during a virtual reality ...

    By Li Qiaoyi in Nanchang | 2019/10/22 1:03:40
  • China setting pace in VR standards

    A standardization institute under China's Ministry of Industry and Information Technology (MIIT) revealed Sunday at a virtual reality (VR) conference that a dozen key standards at national and industry levels in the arena of VR are in the making.

    By Li Qiaoyi in Nanchang | 2019/10/20 22:28:40
  • 'Substantial progress' in China-US trade consultations

    In a new round of trade consultations between China and the US held in Washington, the two sides achieved substantial progress in multiple areas, laying a significant groundwork for the signing of a phased agreement, Chinese Vice Premier Liu He ...

    By Li Qiaoyi in Nanchang | 2019/10/19 13:18:29
  • More bond-market access for foreign firms

    China's central bank on Wednesday unveiled new rules to facilitate foreign investment in the interbank bond market, the latest in a flurry of efforts to reduce barriers to entry in the nation's financial markets.

    By Li Qiaoyi and Chu Daye | 2019/10/16 20:36:19
  • China announces dates for finance sector opening-up

    China's securities regulator on Friday announced specific dates to scrap foreign ownership controls in China's financial sector, in the latest sign of the country's unwavering commitment to financial opening-up.

    By Li Qiaoyi | 2019/10/11 19:38:40
  • HK riots go on rampage

    Black-clad protesters in Hong Kong again defied a police ban on Sunday, marching from the busy shopping hub of Causeway Bay to Central, vandalized subway facilities and caused some malls and stores to close early amid the tense atmosphere. ...

    By Li Qiaoyi in Hong Kong, Chen Qingqing and Wang Wenwen in Beijing | 2019/9/15 19:58:39
  • HK police recalls clash with rioters, calling end to violence

    Hong Kong police officer surnamed Lau on Friday recalled the night he fended off rioters on July 30, saying he did not want to hurt anyone, though he was holding a rifle.

    By Li Qiaoyi and Lu Wenao | 2019/9/13 18:02:41
  • HKers sing national anthem to support patriotic local resident attacked by anti-government protesters

    Hundreds of Hong Kong residents gathered at IFC shopping mall in Central on Thursday noon to sing the Chinese national anthem to support a man who had been beaten by anti-government protesters Wednesday night.

    By Li Qiaoyi in Hong Kong and Chen Qingqing in Beijing | 2019/9/12 13:49:28
  • No deaths were reported in Prince Edward case: HK authority

    Hong Kong authorities reiterated on Tuesday that no deaths were reported at Prince Edward MTR station on August 31 and released relevant images from closed-circuit television (CCTV) footage to help dismiss widely-circulated rumors.

    By Li Qiaoyi in Hong Kong and Zhang Hui in Beijing | 2019/9/10 16:58:40
  • Fitch's HK downgrade 'politically motivated'

    US ratings agency Fitch's decision to downgrade Hong Kong's long-term foreign-currency issuer default rating (IDR) was a "politically motivated move" that attacks the city's rule of law and the "one country, two system" model and ignores the resilience and potential ...

    By Wang Cong and Li Qiaoyi in Hong Kong and Chen Qingqing in Beijing | 2019/9/6 20:43:40
  • Fake reporters attack HK police officers

    As if Hong Kong police officers are not busy enough dealing with months of unrest, a group of self-proclaimed reporters, who police say have "ulterior motives," have become a serious problem: they verbally attacked police officers, and some even tried ...

    By Wang Cong and Li Qiaoyi in Hong Kong | 2019/9/6 19:38:40
  • Lam defends four-action plan, pushes dialogue to look to future

    Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor on Thursday firmly defended a comprehensive four-action plan she put forward a day earlier, and pushed back against criticism that the move was too little, too late.

    By Wang Cong, Li Qiaoyi and Cui Tianye in Hong Kong | 2019/9/5 13:10:28
  • China needs new push to become global AI leader

    China needs to stay coolheaded and push for technology-based innovation amid escalating trade tensions with the US. This seems especially the case in the arena of AI, which has increasingly become a two-man contest.

    By Li Qiaoyi | 2019/8/29 20:53:40
  • 'Currency manipulation' accusation latest weapon in US arsenal against China

    Following US President Donald Trump's reckless steps creating global trade and finance chaos, the US Treasury moved to name China as a "currency manipulator" on Monday, in a move denounced by Chinese economists as utterly groundless and hegemonic.

    By Li Qiaoyi and Wang Yi | 2019/8/6 14:05:45
  • Yuan breaches 7 against the dollar

    The yuan will be kept basically stable at a reasonable and equilibrium level, the People's Bank of China (PBC), the country's central bank, said Monday, defusing concerns over the yuan's slide past a key mark.

    By Li Qiaoyi and Xie Jun | 2019/8/5 13:19:29
  • BRI creates peaceful, inclusive growth

    The China-proposed Belt and Road Initiative (BRI), increasingly considered “Globalization 2.0" and coinciding with the Philippines' ambitious Build, Build, Build infrastructure program, has been convincing the world torn apart by nationalism and protectionism of its capacity to create peaceful and ...

    By Li Qiaoyi in Manila | 2019/7/26 20:38:40
  • China's decelerating GDP growth in Q2 raises hopes of monetary policy easing

    Statistics released on Monday showed that China's economy posted its lowest quarterly growth in nearly three decades, stoking expectations of monetary policy easing in the near future.

    By Li Qiaoyi | 2019/7/15 19:28:40
  • A shares to be one of the silver linings of global equity market

    Other than US stocks, which will likely continue to show resilience, Chinese mainland stocks trading at attractive valuations are believed to be another silver lining of the unsteady global equity market.

    By Li Qiaoyi | 2019/7/14 19:23:41
  • Technology heavyweights deny report they'll shift production out of China

    Multinational technology companies that are rumored to join an electronics-sector exodus from China amid trade woes said their commitment to the China market remains strong when contacted by the Global Times on Thursday.

    By Li Qiaoyi | 2019/7/4 17:23:42
  • NPL ratios of China's smaller banks significantly lower than those of their global peers

    Recent moves by China's central bank to offer liquidity to smaller banks, notably the liquidity support for Inner Mongolia-based Baoshang Bank have brought focus on the nation's banking cleanup. Baoshang Bank has been taken over by regulators since May 24 ...

    By Li Qiaoyi | 2019/6/19 20:53:40
  • Kai-fu Lee's Sinovation Ventures announces Greater Bay Area HQ

    Beijing-based venture capital firm Sinovation Ventures announced Wednesday its Greater Bay Area headquarters in Guangzhou, South China's Guangdong Province.

    By Li Qiaoyi | 2019/6/5 20:00:09
  • China's UHV development offers lessons for US

    China's push for power transmission efficiency and smart energy use ought to provoke questions about what other global energy consumers, including the US, are supposed to do to improve energy sufficiency and efficiency.

    By Li Qiaoyi | 2019/5/30 18:23:42
  • Supply-side reform key to competitiveness

    China's financial supply-side reform and opening-up, which the government is committed to pushing forward amid a complex internal and external environment, is the key in elevating the industry's global competitiveness, mitigating global uncertainty and sustaining the Chinese economy, regulatory authorities ...

    By Li Xuanmin and Li Qiaoyi | 2019/5/27 15:33:40
  • Tsinghua forum highlights China's financial policy

    China should adopt a moderately loose monetary policy to offset the negative impact of the prolonged trade war with the US and provide a cushion against non-performing loans (NPLs) in the domestic banking system, an industry report suggested over the ...

    By Li Xuanmin and Li Qiaoyi | 2019/5/26 19:13:40
  • Trade conflict escalation serves no one's interests: CBIRC Chairman

    An escalation of the trade conflict by the US can't solve any problem, and will only hurt itself and serve no one's interests, according to the script of a speech prepared by Guo Shuqing, chairman of the China Banking and ...

    By Li Qiaoyi | 2019/5/25 17:59:29
  • Microsoft opens largest AI lab in Shanghai

    US technology giant Microsoft Corp has upped the ante in China's artificial intelligence (AI) arena, announcing Wednesday the opening of its largest AI and Internet of Things (IoT) lab in Shanghai, in the latest sign technology cooperation across the Pacific ...

    By Li Qiaoyi | 2019/5/16 19:23:40
  • Economic potential unleashed only when everyone in China enjoys holiday

    For those living in the world's second-largest economy, one significant change for 2019 is the May Day holiday, which has been extended from one to four days, a favorable move attesting to China's socioeconomic advancement.

    By Li Qiaoyi | 2019/5/5 16:18:40
  • Extended holiday shows China's socio-economic advancement

    Not until Chinese citizens can devote themselves to enjoying their holidays can the economy claim a sweeping victory.

    By Li Qiaoyi | 2019/5/2 10:22:20
  • Trading insights from everyday investors

    Chinese mainland stocks have staged an impressive rally since the start of February, reviving hopes for the stock market where bullish rallies are mostly understood as rare, fleeting moments in its nearly 30-year history. In the eyes of a multitude of ...

    By Li Qiaoyi | 2019/3/28 15:53:40
  • China's Greater Bay Area drums up support as Hong Kong, Macao, Guangdong officials converge

    Leaders of the Guangdong-Hong Kong-Macao Greater Bay Area sat down together at a high-level forum in Beijing on Monday, beating the drum for the Chinese megalopolis that's envisioned as a match for the bay areas of San Francisco, New York ...

    By Li Qiaoyi | 2019/3/25 19:33:39
  • China's job market doldrums deserve greater attention

    There has been unprecedented attention given to employment at this year's two sessions, with the Government Work Report released last week elevating the employment-first policy to the status of a macro policy for the first time.

    By Li Qiaoyi | 2019/3/14 16:08:40
  • China bolder than the West in accepting new AI, says tech executive

    The local government of North China's Tianjin has become the world's first to procure self-driving buses which will soon be put into service, chief executive of a major Chinese artificial intelligence (AI) firm said on Friday.

    By Li Qiaoyi | 2019/3/9 0:05:11
  • MSCI adds China A shares to key indexes, foreign inflow breakthroughs expected

    Global index provider MSCI announced Friday it would increase Chinese onshore A shares within its market index by raising the inclusion factor from five to 20 percent in three steps.

    By Li Qiaoyi and Zhang Hongpei | 2019/3/1 7:07:04
  • A-share revival can't bank on CSRC leadership change

    Chinese mainland shares closed lower on Monday, the first trading day after Saturday's announcement of banking veteran Yi Huiman becoming the new head of the China Securities Regulatory Commission (CSRC), the country's securities regulator. A multitude of retail investors anticipating ...

    By Li Qiaoyi | 2019/1/31 18:38:41
  • A shares rally as China releases rules to push new high-tech board

    China on Wednesday night issued draft rules for the operation of the science and technology board in Shanghai, highlighting an array of innovative arrangements to underpin the nation's stock market reforms.

    By Li Qiaoyi and Zhou Zheng | 2019/1/31 0:23:05
  • Sound derivatives market an imperative for A shares

    There is a growing consensus of opinion that greater efforts are needed to usher in more foreign institutional investors to revive sentiment in China's A-share market, one of 2018's worst performers across global markets.

    By Li Qiaoyi | 2019/1/16 15:38:40