Construction of China's first comprehensive clinical ward dedicated to brain-computer interface (BCI) technology started in North China's Tianjin Municipality in recent days, the Global Times learned from Tianjin University on Thursday.
China's Vice Minister of Finance Liao Min co-chaired the 16th China-EU Financial Dialogue with EU officialsin Brussels, Belgium on Monday, according to a statement on China's Ministry of Finance (MOFCOM) on Wednesday. The two sides had in-depth discussion on topics including macroeconomic situation and policies of China and the EU, cooperation under the G20 framework, as well as collaborations on audit supervision and government procurement.
Two Chinese companies have received the first-ever Operation Certificate (OC) for autonomous passenger drones issued by the Civil Aviation Administration of China (CAAC), the Global Times learned on Sunday. It marks the first time that the regulator has issued these certificates for passenger-carrying civil unmanned aircraft, signaling the start of commercial operation in China's low-altitude aviation sector and representing a milestone in the development of the low-altitude economy and urban air mobility, industry insiders said.
The US government will give trading partner countries a "reciprocal tariff number" on April 2 that reflects their own rates, non-tariff trade barriers, currency practice and other factors, US Treasury Secretary Scott Bessent reportedly said, providing more details into the sweeping tariff measure US President Donald Trump previously announced.
China issued a guideline on promoting the high-quality development of renewable energy and the green electricity certificate (GEC) market on Tuesday. The guideline specifies that China's green certificate market trading system will be basically complete by 2027, and the market will be further improved by 2030, operating in an efficient and orderly manner.
In some Chinese companies, there has recently emerged a trend to change long working hour corporate culture, with topics of dronemaker DJI and home appliance giant Midea Group mandating their employees to clock off on time trending on China's social media platforms recently.
The 2025 Government Work Report submitted on Wednesday to the National People's Congress (NPC) for deliberation has reinforced the country's commitment to sticking to high-level opening-up.
Northwest China's Xinjiang Uygur Autonomous Region should leverage its strategic position as the gateway for China's westward opening-up, and continue expanding high-level opening-up efforts this year, several National People's Congress (NPC) deputies and the Chinese People's Political Consultative Conference (CPPCC) National Committee members from Xinjiang suggested. They also urged the region to ramp up economic exchanges with Central Asian countries as well as exploring markets in ASEAN, the Middle East and Africa.
Northwest China's Xinjiang Uygur Autonomous Region should leverage its strategic position as the Eurasian Golden Corridor and gateway for China's westward opening-up, and ramp up economic exchanges with Central Asian countries as well as exploring markets in ASEAN, the Middle East, Africa, according to a proposal put forward by Liang Yong,a member of the Chinese People's Political Consultative Conference (CPPCC), the country's top advisory body.
China has set its deficit-to-GDP ratio for this year at around 4 percent, an increase of one percentage point over last year, according to a Government Work Report submitted Wednesday to the national legislature for deliberation.
In mid-January, a giant container vessel from Europe docked at Qingdao Port, East China's Shandong Province, marking the official launch of the port's first BRI shipping lane, linking Shandong with the Mediterranean countries.
A 20-something white-collar worker surnamed Huang in Shanghai treated her beloved Maltese dog to a "fine dining" experience at a pet buffet in a shopping mall in Shanghai's Minhang district this week. The dinner, which includes two appetizers, two main courses and one dessert, cost her more than 100 yuan ($13.73), nearly double what she spends on her own takeout dinner.
A group of US tourists has departed from Los Angles to embark on a first-ever themed trip to China's Guangdong-Hong Kong-Macao Greater Bay Area (GBA), during which they will experience a "technologically advanced, safe and open, and vibrant and beautiful" China firsthand, the Xinhua News Agency reported on Monday.
While the artificial intelligent (AI) model developed by Chinese tech start-up DeepSeek has stunned the tech world, the company's breakthrough - a demonstration of China's innovation strength - has also triggered a buying spree among global financial institutions and hedge funds of Chinese equities.
The Thai government has approved the phase-2 of the China-Thailand High-Speed Railway (HSR), a flagship infrastructure project under the Belt and Road Initiative (BRI) that will eventually connect the Southeast Asian country with China via the China-Laos Railway, according to Xinhua News Agency.
With the movie box office hitting record high, intangible cultural heritage travel gaining traction, and rush to purchase high-tech gadgets as festive gifts, China's consumption has been showing strong momentum during this year's Spring Festival holiday, which started on January 28 and ends on Tuesday this year.
The global sensation and anxiety sparked by Chinese artificial intelligence (AI) start-up DeepSeek demonstrated that technological containment and restrictions do not work, said Fu Cong, China's permanent representative to the United Nations (UN), in response to a question regarding DeepSeek and AI cooperation between China and the US, according to a report by the state broadcaster China Central Television.
US President Donald Trump announced a $500 billion artificial intelligence (AI) infrastructure investment in the US on Tuesday (US time). Industry insiders and analysts said the investment, with its "sheer size," could provide a big boost to AI development in the US and help American tech companies' global expansion. It also signaled the US ambition to maintain a leading position in the cutting-edge sector and to intensify tech competition with major global AI powerhouses, including China, analysts said.
China's GDP grew 5 percent year-on-year to 134.9 trillion yuan ($18.41 trillion) in 2024, according to data released by the National Bureau of Statistics (NBS) on Friday. The positive expansion is in line with the country's annual growth target, demonstrating that the world's second-largest economy has successfully navigated turbulent waters last year and maintained its good growth momentum, analysts said.
China's Foreign Ministry on Friday confirmed the China visit of British Chancellor of the Exchequer Rachel Reeves and the restart of the Economic and Financial Dialogue (EFD), which is seen as an effort to reset bilateral relations and promote exchanges and pragmatic cooperation under the Labour government.
The size of China's fiscal deficit will increase significantly in 2025, Liao Min, vice minister of finance, told a press conference on Friday.
In a press briefing after meeting with Denis Sassou Nguesso, president of the Republic of the Congo on Tuesday, China's Foreign Minister Wang Yi said China will work with African countries to build the "Africa Solar Belt" program and help Africa truly embark on the path of green and low-carbon development.
China's consumer price index (CPI), a main gauge of inflation, was up 0.1 percent year-on-year in December, according to data released by the National Bureau of Statistics (NBS) on Thursday.
China plans to raise fund appropriations from selling the ultra-long special treasury bonds to support consumer goods trade-in and large-scale equipment upgrading programs in 2025, senior Chinese officials said on Wednesday.
The number of electric vehicles (EVs) produced by Chinese new-energy vehicle (NEV) maker BYD surpassed that of US automaker Tesla in 2024, while in terms of EV sales, BYD's gap with Tesla narrowed to within 30,000 units last year, according to freshly-released financial statements by the two companies. The new trend speaks volume for the growing competitiveness of Chinese NEV and its popularity in global markets, which is bolstered by technological advancement and across-the-supply-chain advantage, auto analysts said.
China's official manufacturing Purchasing Managers' Index (PMI) reached 50.1 in December, indicating continued expansion in the manufacturing sector, according to data released by the National Bureau of Statistics on Tuesday. The reading has remained in expansionary territory for three consecutive months, underscoring a positive economic recovery momentum as more pro-growth policies fuel demand on the consumption side and bolster market confidence, analysts said.
Throughout the year of 2024, there has been no shortage of posts and videos on social media platforms by bloggers from home or abroad, sharing how they were captivated by China's surging scientific revolution tide, ranging from real-time food delivery by hotel room service robots, driverless artificial intelligent (AI) robots delivering parcels to spherical robots patrolling the street side by side with police officers.
Chinese President Xi Jinping said Friday that the construction of the China-Kyrgyzstan-Uzbekistan (CKU) railway is a strategic decision made by the three governments to promote regional connectivity, prosperity, and stability. Xi made the remarks in his congratulatory letter to the commencement ceremony of the railway project.
South Korea's so-called possible anti-subsidy investigation into Chinese electric vehicles (EVs) does not stand a ground due to Chinese EVs' relatively small market share in the country, said a Chinese observer, noting that is more equate to a form of "gesture declaration" by the South Korean government under the sway of the trade protectionism of the US and the EU and their wrongdoings of politicizing economic matters.
This year is deemed pivotal for high-quality development of China-proposed Belt and Road Initiative (BRI), which has just celebrated its 11th anniversary. What are the major advancements BRI has made despite rising volatility in the world? And what role has the initiative played in facilitating regional growth and strengthening the global economy? As 2024 draws to a close, the Global Times is publishing a series of articles scoping the journey of BRI throughout the year. This is the second installment of the series.
Canada plans to expand unilateral trade measures on Chinese imports by levying tariffs on a number of Chinese products as early as next year, a report by the Canadian Department of Finance showed. The new restriction comes after Ottawa in October slapped a 100 percent tariff on all Chinese electric vehicles and a 25 percent tariff on imports of Chinese steel and aluminum products, as analyst said the move could be considered as Trudeau government's attempt to woo the Donald Trump administration.
A number of Chinese artificial intelligence (AI) model start-ups have announced the completion of a new round of financing, a trend that industry observers said shows the fast-track development of the Chinese generative AI industry and the formation of a more mature tech ecosystem, which will help boost its commercial application.
In November, China's economy maintained the rebound momentum that began in September thanks to a raft of macroeconomic policies. Multiple indexes point to a number of highlights, including a robust growth pace in the industry and service sectors, rising social expectations and the stable development of new quality productive forces - though individual indicators such as retail sales showed signs of slowing down, data released by the National Bureau of Statistics (NBS) showed on Monday.
This year is deemed pivotal for high-quality development of China-proposed Belt and Road Initiative (BRI), which has just celebrated its 11th anniversary. What are the major advancements BRI has made despite rising volatility in the world? And what role has the initiative played in facilitating regional growth and strengthening the global economy? As 2024 draws to a close, the Global Times is publishing a series of articles scoping the journey of BRI throughout the year. This is the first installment of the series.
Trade between China and the US, China's third-largest trading partner, reached 4.44 trillion yuan ($612.4 billion) in the first eleven months of this year in yuan-denominated terms, up 4.2 percent year-on-year, according to data released by China's General Administration of Customs (GAC) on Tuesday. The growth rate slowed by 0.2 percentage point from the reading in the first ten months and was unchanged from the 4.2-percent growth recorded in the first three quarters of this year, customs data showed.
China has released a number of upward economic data in recent days about its economy, relating to manufacturing, retail sales, transportation and capital market performance, which analysts said point to rising momentum of recovery, spurred by the government's pro-active financial and fiscal policies.
China set up the country's first quantum computing and data medicine research institute in Hefei, East China's Anhui Province on Sunday. The institute is expected to pioneer the application of quantum computing power in the medical field, the Global Times learned.
The fourth symposium on Belt and Road construction work was held in Beijing in early December. Chinese President Xi Jinping stressed comprehensively advancing high-quality cooperation under the Belt and Road Initiative (BRI).
China's Ministry of Commerce (MOFCOM), along with Zhejiang provincial government, issued a detailed plan on Monday on building a bulk commodity resource allocation hub in China (Zhejiang) Pilot Free Trade Zone (FTZ). Chinese officials and observers said the plan marks the first-of-its-kind in the construction of a bulk commodity resource allocation hub in an FTZ, and it carries great significance in the country's further institutional opening-up.
China has become a global forerunner in terms of robot density, overtaking Germany and Japan to occupy the No.3 spot globally in the rankings of the use of robots in industry last year, according to an annual report released by the International Federation of Robotics (IFR). The report underscored the growing competitiveness of China's industrial robot sector that is buoyed by tech innovation, massive manufacturing market and policy boost.
China's financial sector will continue to open wider and the country is committed to creating a market-oriented, law-based and international business environment to support foreign institutions to participate more comprehensively and deeply in the Chinese financial market, Chinese senior officials said on Tuesday at the ongoing 2024 Global Financial Leaders' Investment Summit held in Hong Kong Special Administrative Region (HKSAR).
Brazil views China-Brazil tourism as a key driver of mutual growth, believing it will further strengthen the friendly relations between the two countries. It is also expected that the development of the tourism industry will bring long-term economic and cultural benefits to both China and Brazil, Marcelo Freixo, president of Embratur told the Global Times.
The number of Chinese tourists travelling to Latin American countries has steadily risen in recent years, making China one of the important source markets for Latin America, data from a number of travel platforms showed, a trend which industry insiders said is partly driven by the opening of more direct flights, closer economic ties as well as frequent cultural interactions between the two economies.
The scale of China-focused exchange traded funds (ETFs) listed overseas has jumped significantly since October, a development that observers said reflected growing optimism among foreign investors on Chinese assets as their confidence in the outlook for the world's second-largest economy has been further boosted by a package of supportive measures to stabilize the growth momentum.
The final tranche of treasury savings bonds (electronic) this year began to be issued on Sunday and the issuance will end on November 19, according to a statement on the website of China's Ministry of Finance (MOF). Two types of savings bonds will be issued in this new round, with the interest rate on both the three- and five-year bonds at near 2 percent, marking the fourth time that the rate has been reduced this year.
The Standing Committee of the 14th National People's Congress, China's top legislature, on Friday approved a bill to raise the local government debt ceiling by 6 trillion yuan ($836.74 billion) to replace existing hidden debts of local governments, according to a press conference held in Beijing on Friday.
A new exchange-traded fund (ETF) tracking Hong Kong-listed stocks, the SAB Invest Hang Seng Hong Kong ETF, has debuted on the Saudi Exchange on Thursday, following the launch of Saudi Arabia's first ETF tracking the Hong Kong equity market on the Saudi bourse on Wednesday.
Finnish President Alexander Stubb's visit to China will further promote in-depth cooperation between enterprises and innovation institutions from both countries. Considering that the two nations share common interests in facilitating exchanges and stabilizing cooperation amid rising geopolitical tensions, the visit will produce a positive impact on deepening bilateral relations and promoting pragmatic bilateral cooperation, Yang Erlin, chairman of the Finnish Chinese Business Council, told the Global Times on Wednesday.
Hong Kong Chief Executive John Lee Ka-chiu announced on Tuesday that he is going to lead a delegation to attend the 7th China International Import Expo (CIIE) next Monday in Shanghai, where he will introduce investment opportunities in the Hong Kong Special Administrative Region (HKSAR) to the import fair's attendees.
Multiple Chinese manufacturing hubs have released their GDP growth figures for the first three quarters, with some showing gains of more than 5 percent. Analysts attributed the positive readings to the localities' impressive performance in manufacturing, in particular in high-tech, which they said mirrored China's ongoing industrial upgrading as well as the country's overwhelming edge in industrial manufacturing.
China on Wednesday has launched a pilot program to expand the opening-up of value-added telecommunications services, marking a steadfast step of the world's second-largest economy to continue expanding high-level opening-up despite external pressures and rising protectionism in the world.
The 2024 International Association for the Protection of Intellectual Property (AIPPI) World Congress closed on Tuesday in Hangzhou, East China's Zhejiang Province, during which Chinese and foreign participants discussed and exchanged ideas on a wide range of hot topics concerning intellectual property (IP) protection, including opportunities and challenges brought by fast-rising artificial intelligence (AI) technology.
More than 20 Chinese companies listed in the A-share market have announced plans to tap into loans under a special central bank lending program for share buybacks and shareholdings increases, a trend that observers expect would be followed by more listed firms to reduce financing costs and inject more liquidity into the market.
China's Ministry of Housing and Urban-Rural Development (MOHURD) and the National Financial Regulatory Administration jointly held a videoconference to ensure the delivery of housing projects, called for expanding the coverage of the “white list” to ensure all compliant real estate projects are “admitted as far as possible,” according to a statement on the website of the MOHURD on Wednesday.
The National Development and Reform Commission (NDRC), China's top economic planner, vowed on Tuesday that it will step up efforts to introduce a package of incremental policies, including an emphasis on scaling up macro counter-cyclical adjustments, boosting domestic consumption, and shoring up capital markets - among others - as part of the efforts to steadily promote economic growth.
China's consumption market has shown multiple positive signs as the week-long National Day holiday period is about to start on Tuesday, with industry insiders expecting to see bustling scenes across different sectors, ranging from tourism, transport, movie-going and catering.
A white collar worker surnamed Wang in her 20s, based in Wuhan, Central China's Hubei Province, starts her day by waking up and sitting before a made-in-China "magical mirror" or a mirror device powered by domestically developed artificial intelligence (AI) technology that scans her face and analyzes her health condition in real-time.
If the European Commission slapped tariffs on Chinese electric vehicles (EVs), it could mean that European enterprises become a bit lazy and they may lose competitiveness in the long term due to the lack of cut-throat competition, Rudy Aernoudt, a European economist and the former chief economist of the European Commission, told the Global Times. He called for the two economies to find ways of collaboration rather than simply blocking [Chinese EV-makers' access] to European market.
October 1 marks the 75th anniversary of the founding of the People's Republic of China (PRC). According to industry insiders, the rapid rollout of Hualong One, China's homegrown nuclear reactor, is indicative of the profound transformation of China's energy development in the past decades.
China's central bank on Wednesday lowered the cost of its medium-term loans to banks , marking the first reduction of the country's market-based interest rates after the relevant Chinese authorities on Tuesday rolled out major policies to support the economy, including cuts to the reserve requirement ratio and interest rates.
Zhang Yonghe, vice president of the Innovation Academy for Microsatellites of Chinese Academy of Sciences (IAMC), can easily recall the inauguration of the China-Portugal STARLab in 2021. The STARLab is a joint laboratory established under the Belt and Road Initiative (BRI), aiming to integrate China's leading space technology with Portugal's strengths in marine research to foster interdisciplinary cooperation.
China's top legislative body on Tuesday started a regular session to review a raft of bills, including a draft decision on gradually raising the statutory retirement age, the Xinhua News Agency reported.
China and Africa have stepped up efforts to work for a green and more sustainable future, as evidenced by the rising import of Chinese electric vehicles (EVs) to Africa, and the expansion of Chinese EV industry footprint in the African continent, as China-Africa ties grow increasingly stronger.
Fortunate Punungwe, a 20-something African radiographer, starts her daily work on Wednesdays by reviewing the patient list and making sure all the X-ray equipment is set up and working properly. Her work is mainly about using portable devices alongside artificial intelligence (AI) technology to spot tuberculosis (TB) patients in Zimbabwe, where over 40 percent estimated TB cases reportedly go undiagnosed.
China has made notable progress in energy transition over the past decade, with "historical breakthroughs" achieved in green and low-carbon energy development as the country is moving toward building a clean, diversified, secure and resilient energy supply system, according to a white paper titled "China's Energy Transition" released by the State Council Information Office on Thursday.
China's State Council Information Office on Thursday released a white paper titled "China's Energy Transition."
Chinese authorities issued a notice on a duty-free policy adjustment on Tuesday, under which a dozen downtown duty-free shops in first- and second-tier cities such as Beijing, Shanghai and Guangzhou, South China's Guangdong Province will be able to sell goods to outbound travelers, including Chinese nationals, who will depart from the Chinese mainland by air or an international cruise within 60 days.
The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Friday to review policies and measures to open up a new vista in the large-scale development of the western region. Xi Jinping, general secretary of the CPC Central Committee, chaired the meeting.
A freight train carrying tons of textile products, machinery spare parts, and plastic and rubber products departed from Hanoi, capital of Vietnam, on Thursday. Passing through the Pingxiang border port in South China's Guangxi Zhuang Autonomous Region, the train will arrive at Zhengzhou, capital of Central China's Henan Province, in about a week. On the return journey, the freight train will be loaded with China-made food, plant products, and gypsum, destined for Hanoi.
The Lingang New Area of the China (Shanghai) Pilot Free Trade Zone (FTZ) will mark its fifth anniversary on Tuesday. While hailing the event as a milestone in its development, observers said that the growth of the area, now home to numerous advanced manufacturers including Tesla's first overseas gigafactory and the production base for China's first self-developed large passenger aircraft C919, is an epitome of the country's unswerving efforts to comprehensively deepen reform and high-level opening-up.
Chinese semiconductor company Advanced Micro-Fabrication Equipment Inc. China (AMEC) announced on Friday that it has formally filed a lawsuit with a US court, suing the US Department of Defense (DOD) for its decision to include the company on the list of so-called "Chinese military companies" (CMC). AMEC asked the court to order the DOD to revoke its "erroneous decision" and remove the Chinese firm from the CMC list.
China's economy continued to expand in July, with the output of industrial enterprises above the designated size up by 5.1 percent year-on-year, while retail sales rose by 2.7 percent, data from the National Bureau of Statistics (NBS) showed on Thursday.
When Issah Abiola was a child in the 1990s, she saw a train passing through her neighborhood in Nigeria. The rumbling sound of the railway immediately arose her interests and she asked her dad a question, "The train was so long. Is it driven by a person?" Her dad answered, "Yes." "I hoped that one day, I could be a train driver," Abiola shouted then. But her dad shook head and answered, "Impossible."
Most indicators for China's real estate sector were still in decline in July, as the industry remained in a correction trajectory, but the drop in some key indicators has shown signs of narrowing thanks to the government's policy support, Liu Aihua, spokesperson and chief economist of the National Bureau of Statistics (NBS), said on Thursday.
China's economy keeps on expanding in July, bolstered by retail sales, industrial output
A 19-year-old Russian young artist, Mikhail Kalyuta, raised his paintbrush after carefully studying a Chinese model in a red dress in Changsha, the capital of Central China's Hunan Province. He sketched the outlines, mixed colors, and applied them to the canvas. The piece was finished within a couple of days, and has been donated to the Li Zijian Art Museum, also based in Changsha, as part of its permanent collection.
China's foreign trade in goods expanded by 6.2 percent year-on-year to reach 24.83 trillion yuan ($3.46 trillion) in the first seven months of this year, hitting a new record in trade volume, customs data showed on Wednesday, buoyed by the country's manufacturing strength, rising overseas demand, as well as the diversification of its trade partners overseas.
China's total goods imports and exports expanded 6.2 percent year on year in yuan terms in the first seven months of this year, official data showed Wednesday.
As Chinese athletes have made history in the Paris 2024 Olympic Games with a tennis singles gold medal and a mixed doubles silver – the best results in relevant events – the country is witnessing a “tennis economy” that is gaining momentum in the summer season.
The Communist Party of China (CPC) leadership held a meeting on Tuesday to analyze the current economic situation and set out priorities for the second half of this year.
With the joint efforts of all parties, the China-Kyrgyzstan-Uzbekistan railway is likely to commence construction in the upcoming months, according to media reports. This project, once completed, will further promote economic and trade development in Central Asia, transform the region's economic landscape and inject more certainties to the global trade, domestic and international experts said.
The just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee has planned forward an economic development blueprint that lays the foundation for increased productivity and technological breakthroughs, thus ensuring a continued success of China's economic miracle in the years to come, even as the international environment will likely become increasingly complex and volatile, foreign scholars told the Global Times.
Chinese Foreign Minister Wang Yi met with a delegation of the board of directors of the US-China Business Council (USCBC) on Monday, where he discussed China's policy stance toward the US, which is based on the principles of mutual respect, peaceful coexistence and win-win cooperation, while also stressing that the country's “bottom line” must be safeguarded in developing bilateral relations. He also called for USCBC members to play a more active role in promoting the healthy and sound development of bilateral relations.
China has demonstrated its determination to comprehensively deepen reforms, with policy stability and continuity a highlight, Chinese and foreign experts said on Monday, commenting on a resolution on further deepening reform comprehensively to advance Chinese modernization that was adopted at the just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee.
China will take a multi-pronged approach to improve the new system for mobilizing resources nationwide to boost the overall performance of our country's innovation system while also building a self-supporting and risk-controllable industrial chain, especially in key industrial chains such as integrated circuits, industrial machine tools, industrial software, and advanced materials, according to a resolution on further deepening reform comprehensively to advance Chinese modernization that was adopted at the just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee.
Foreign investors increased their holdings of Chinese bonds in June for a 10th consecutive month, and the amount hit a new high, data showed. Observers said on Sunday these figures underscore foreign capital's strong confidence in the stable growth prospects of the world's second-largest economy, and their positive feedback on steady progress in financial market opening-up.
China's outstanding contributions to promoting global economic growth, maintaining multilateral trading mechanisms and supporting the reform agenda of the WTO have received wide endorsements during the ongoing ninth review of the trade policies and practices of China by the WTO being held in Geneva, Switzerland, the Xinhua News Agency reported.
The third plenary session of the 20th Communist Party of China (CPC) Central Committee, which will map out a blueprint for China's reform and opening-up as well as achieving Chinese modernization, is consequential for the world as it will showcase an independent development path for the Global South and bring more development opportunities for the world, a Thai scholar said on Wednesday.
China's GDP expanded 5 percent to reach 61.68 trillion yuan ($8.49 trillion) in the first half of 2024, data from the National Bureau of Statistics (NBS) showed on Monday, demonstrating the resilience and innate strength of the world's second-largest economy.
China's GDP expanded 5 percent to reach 61.68 trillion yuan ($8.49 trillion) in the first half of 2024, data from the National Bureau of Statistics (NBS) showed on Monday, indicating the world's second-largest economy has sustained the momentum of post-pandemic recovery, thanks to a continuous improvement in overseas demand, a pick-up in home consumption, and stepped-up government policy support, despite facing internal and external uncertainties.
As the third plenary session of the 20th Communist Party of China (CPC) Central Committee will be convened on Monday, the world is watching how the pivotal gathering, also known as the third plenum, will identify priorities for comprehensively deepening reform, map out a blueprint for its long-term economic development and open up a new chapter in the country's march toward Chinese modernization.
Chinese President Xi Jinping's first Central Asia visit as head of state dates back to 2013 when he proposed the concept of the Silk Road Economic Belt in Astana. In the following years, he visited the region frequently for bilateral and multilateral discussions. On July 2 to July 6, the Chinese president again set foot on this land for attending the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) in Astana, and paid state visits to Kazakhstan and Tajikistan.
A 20-something Tajik student Bakhtiyor Bozorzoda was on a flight from Dushanbe, the capital of Tajikistan to China on July 5. He, along with other 11 Tajik teachers and students from the Luban Workshop in Tajikistan, will participate in a near one-month training and study program at the Tianjin Urban Construction Management & Vocation Technology College (TUCMVTC). The workshop has been jointly established by TUCMVTC, Tianjin Chengjian University and the Tajikistan Technical University (TTU).
China and Tajikistan on Friday announced the elevation of ties to comprehensive strategic partnership in the new era during Chinese President Xi Jinping's ongoing state visit to Tajikistan, injecting new momentum and opening up a new chapter in bilateral ties and common development of the two countries.
Chinese President Xi Jinping has just wrapped up his state visit to Tajikistan. Tajikistan is one of the earliest countries joining the China-proposed Belt and Road Initiative (BRI), and last year, China and Tajikistan jointly announced the building of a China-Tajikistan Community with a Shared Future featuring everlasting friendship, solidarity and mutual benefit. Last week, Global Times reporters Li Xuanmin and Xing Xiaojing (GT) interviewed Guzel Maitdinova (Maitdinova), a professor at the Department of Foreign Regional Studies and Foreign Policy at Russian-Tajik (Slavonic) University. According to Maitdinova, Tajikistan aims to become a “connecting bridge” between China and Central Asia to facilitate BRI development. She also suggested ramped-up cooperation between the Shanghai Cooperation Organisation (SCO) and Collective Security Treaty Organization (CSTO).
Walking in downtown Dushanbe, capital of Tajikistan, one can easily see a steady stream of Chinese new-energy vehicles (NEV) including models from BYD, Geely and BAIC Group motoring smoothly along the city's bustling streets. It is no surprise then, that if one randomly hails a taxi, you find you are stepping into a China-made NEV, their drivers more than happy to share how comfortable the ride is, and how easy and cost-effective they are to drive.
Amid the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) in Astana, Kazakhstan, the Global Times reporters Li Xuanmin and Xing Xiaojing (GT)interviewed Aliya Mussabekova (Mussabekova), chief expert at the Asian Studies Department at Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan, and Maryam Agharabi (Agharabi), research coordinator at China & Central Asia Studies Center (CCASC) in Kazakhstan.
Amid the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) in Astana, Kazakhstan, the Global Times reporters Li Xuanmin and Xing Xiaojing (GT) interviewed Aliya Mussabekova (Mussabekova), chief expert at the Asian Studies Department at Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan, and Maryam Agharabi (Agharabi), research coordinator at China & Central Asia Studies Center (CCASC) in Kazakhstan.
Crude oil and natural gas projects between China and Kazakhstan in the past decade have played a significant role in safeguarding China's energy security and elevating the economic development of Kazakhstan as well as the Central Asian region, high-level executives and business representatives from China and Kazakhstan told the Global Times.
Regional development has been a priority under the Shanghai Cooperation Organisation (SCO) framework and the China-proposed Belt and Road Initiative (BRI). Central Asia has been transforming from a "landlocked" region to a transportation hub in Eurasia, witnessing great improvement in internal connectivity while also integrating itself more seamlessly into the global economic and logistics chain, Chinese company representatives and scholars from Central Asia said.
China's agricultural cooperation with Central Asia, which is considered to be a core region of the Shanghai Cooperation Organization (SCO), has been moving forward steadily with greater breadth and depth in recent years, according to Chinese agricultural experts and representatives from the SCO agriculture cooperation base.
Ahead of the highly anticipated visits, Global Times reporters (GT) interviewed Zhang Xiao (Zhang), Chinese Ambassador to Kazakhstan. Zhang said that since its founding 23 years ago, the SCO has significantly contributed to regional security, stability, and prosperity. At the upcoming Astana Summit, member state leaders will reinforce the "Shanghai Spirit," featured by mutual trust, mutual benefit, equality, consultation, respect for diverse civilizations and pursuit of common development, to establish a shared future community within the SCO.
From Tuesday to Saturday, Chinese President Xi Jinping will attend the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) in Astana and, at the invitation of President Kassym-Jomart Tokayev of the Republic of Kazakhstan and President Emomali Rahmon of the Republic of Tajikistan, pay state visits to Kazakhstan and Tajikistan, China's Foreign Ministry announced on Sunday.
The 24th meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) will take place in Astana, Kazakhstan in early July. Ahead of the SCO summit, Global Times reporters Li Xuanmin and Xing Xiaojing (GT) conducted an exclusive interview with Gulnar Shaimergenova (Shaimergenova), director of the China Studies Center in Kazakhstan, who during the interview highlighted the extensive role China plays in facilitating regional cooperation and economic integration. Shaimergenova was present when the concept of BRI was first put forward in Kazakhstan in 2013. During the interview, Shaimergenova shared her insights on how the initiative has opened up new opportunities of economic interaction and partnership, rising trade and prosperity in the region.
Global Times reporter Li Xuanmin (GT) and Xing Xiaojing recently conducted an exclusive interview with Bolat Nurgaliyev (Nurgaliyev), who served as SCO secretary-general from 2007 to 2009 and now works as the chairman of the Board of the Foreign Policy Research Institute under the Ministry of Foreign Affairs of the Republic of Kazakhstan. Nurgaliyev highlighted the SCO's role in demonstrating that countries with different political systems and models of economic development can cooperate in harmony.
“The Luban Workshop helped me realize my dream, and there is nothing more joyful than seeing dreams come true. This is the most precious gift that China has given to the youth of Djibouti!” said Aisha, 23, in Djibouti.
The US has reportedly issued draft rules that would restrict and monitor US investments in China for artificial intelligence (AI), computer chips and quantum computing, a move that observers said on Sunday shows that Washington has been tightening its restrictions to stymie the development of China's cutting-edge technologies, with the scope of curbs expanding from export bans to more irrational areas that could result in dire global consequences.
China's economy has continued expanding in May, with the industrial outputof the enterprises above the designated size jumping by 5.6 percent year-on-year, while gross retail sales risingby 3.7 percent, data from the National Bureau of Statistics (NBS) showed on Monday.
China-New Zealand economic and trade ties are expected to be further strengthened amid Chinese Premier Li Qiang's ongoing visit to New Zealand, which began on Thursday. This visit will inject new impetus into bilateral relations, with representatives from business groups expressing high expectations and readiness to tap into the greater potential of bilateral economic and trade ties.
China and Brazil have built a close relationship in the past five decades that is "complementary and integrated" in multiple economic fronts, Dilma Rousseff, the chair of the New Development Bank and former president of Brazil, told the Global Times in an exclusive interview.
This week, the 2024 Tsinghua PBCSF Global Finance Forum took place in Hangzhou, capital of East China's Zhejiang Province. It invited globally renowned scholars to discuss how to reform and reconstruct an international monetary and financial system for all.
Global Times reporter Li Xuanmin (GT) interviewed Zhu Min (Zhu), founder of the Global Economic Governance 50 Forum, former deputy governor of China's central bank and former deputy managing director of the IMF, and Marc Uzan (Uzan), executive director of the Reinventing Bretton Woods Committee, on the sidelines of the forum. The two economists shared their insights on the global de-dollarization trend and China's role in the construction of a new global financial system.
Cooperation between China and France, which has proven to lead to win-win results, offers the best example debunking the decoupling and "de-risking" calls in the EU, said Christian de Boissieu, a French economist and professor of economics at the Pantheon-Sorbonne University, while slamming those calls as "crazy and naïve."
It is not in the interests of Europe to follow the US policy of imposing tariffs on Chinese products, considering each other's comparative advantages and the benefits of globalization and free trade, Giovanni Tria, former Italian minister of economy and finance and current professor of economics at the University of Rome Tor Vergata, told the Global Times on Tuesday, while urging Beijing and Brussels to rebuild a certain level of trust on the issue.
China will be a pioneer leading the world into a new and innovative financial and monetary system, as global calls for an overhaul of the Bretton Woods system – which has been in place for 80 years – gain traction due to the US abuse of the dollar's hegemony and its irresponsible policy, as well as a fragmenting global economy, Chinese and foreign scholars said.
The 2024 Tsinghua PBCSF Global Finance Forum kicked off on Monday in Hangzhou, capital of East China's Zhejiang Province. Themed with "80 Years after Bretton Woods: Building an International Monetary and Financial System for all," the forum gathers more than 70 Chinese and foreign officials and scholars to discuss a variety of related topics. The Global Times (GT) interviewed György Matolcsy (Matolcsy), governor of the Central Bank of Hungary on the sidelines of the forum on Monday, Matolcsy shared his insights on the build-up of a new financial system, international currency diversification push and the cooperation between China and Hungary.
The nation's goal of building itself into a financial powerhouse has achieved progress in six key elements that have Chinese characteristics: the internationalization of the yuan, the construction of a modern central bank system, the expansion of financial institutions, the improvement of the modern financial supervision system, the strengthening of a global financial center and the improvement of financial professionals, according to the China Financial Policy Report 2024 released on Monday.
China's economy maintained stable growth in April, with key indexes on industry, exports and employment showing improvement from March, data released by the National Bureau of Statistics (NBS) showed on Friday. The set of data underscored that the world's second-largest economy has been sustaining its solid recovery momentum since the beginning of the year despite facing multiple headwinds - ranging from a prolonged property sector downturn to rising geopolitical uncertainties.
China's economy maintained stable growth in April, with key indexes on industry, exports, employment and price improving moderately from March, data released by the National Bureau of Statistics (NBS) showed on Friday, underscoring that the world's second-largest economy has been sustaining the solid recovery momentum since the beginning of the year despite facing multiple global and domestic headwinds.
Since the Belt and Road Initiative (BRI) was first proposed in 2013, there have been waves of disparaging campaigns by Western politicians and media outlets targeting the initiative – which have all lost traction during the past 11 years in the face of the BRI's extensive development worldwide.
China's Ministry of Commerce (MOFCOM) on Tuesday urged the US to immediately cancel the additional tariffs on Chinese products and vowed to take resolute measures to defend its rights over US' announcement to increase tariffs on Chinese products including electric vehicles (EVs)
Total China-US tradeexpanded 1.1 percent year-on-year to 1.47 trillion yuan ($203.42 billion) in yuan-denominated terms in the first four months, reversing a 0.7percent contraction in the first three months, customs data showed on Thursday.
The National Development and Reform Commission (NDRC), China's top economic planner, held a symposium in recent days with representatives of private companies on trade-ins of large-scale equipment and consumer products, according to a post seen on Monday on the NDRC's WeChat account.
From enthusiastic visitors sitting in malatang (spicy soup) restaurants in Tianshui, Northwest China's Gansu Province, to crowds flocking in droves to Shanghai's dazzling Bund area at night, and to the bustling camping sites on the outskirts of Beijing, China experienced a tourism frenzy during the five-day May Day holidays from Wednesday to Sunday.
The Chinese economy has started off in an upbeat note, with most provinces across the country showing a stepped-up recovery trajectory in the first quarter of the year — fueled by robust industrial growth, a warm-up in external demand and new drives from the creation of new quality productive forces, relevant data showed.
China's National Immigration Administration (NIA) has unveiled an array of new measures on Sunday that bring more conveniences to the entry and exit management of the public and businesses, including streamlining document processing and application, extending the duration of business stay, and meeting diverse tourism needs, which observers said represents the country's stepped-up effort in promoting high-level opening-up and facilitating international exchange.
The Yingxian Wooden Pagoda, the world's tallest wooden pagoda also known as the Sakyamuni Pagoda of the Fogong Temple, in Yingxian County, North China's Shanxi Province, embraced its artificial intelligence (AI)-powered “digital twin” on Friday, enabling visitors to immerse themselves inside the tower – including places which the public were previously unable to access - through virtual reality (VR) glasses.
A batch of Chinese top-name internet entrepreneurs gathered over the weekend in a rare case in Beijing, celebrating the 30th anniversary of China's connection to the internet.
US President Joe Biden is reportedly pushing for tariffs to triple on Chinese steel and aluminum, a new sign that Washington - disregarding WTO multilateral rules, domestic inflation pressure and global supply chain stability - is targeting Chinese industries under the guise of "overcapacity" fallacy.
China's social retail sales jumped 4.7 percent year-on-year to reach 12.03 trillion yuan in the first quarter this year, data from the National Bureau of Statistics (NBS) showed on Tuesday, underscoring a stable consumption expansion as the country braced a surge in consumer spending during the Spring Festival holidays at the beginning of the year.
The China Chamber of Commerce to the EU has expressed serious dissatisfaction regarding two investigations launched by the European Commission (EC) on Wednesday under the Foreign Subsidies Regulation (FSR) into China-linked companies, calling the FSR “a new tool of economic coercion.”
China's economy starts off 2024 on strong footing, with an array of key indicators in the first two months beating market expectation by a wide margin, fueled by a spending spree in the Spring Festival holidays, ramped-up efforts in building new quality productive forces and the effects of macro policies implementation. Observers said the upbeat data offer an encouraging sign that the world's second-largest economy is not only consolidating the recovery momentum but also picking up pace.
A number of Chinese localities have set out detailed plans to develop artificial intelligence (AI) technology and relevant ecosystems this year, a move that observers said shows that China is leveraging its “whole-nation” system advantage to fast track the technology's development amid a white-hot global race.
More pragmatic measures need to be taken to attract foreign students to China, such as simplifying their internship application procedures, allowing qualified foreign students to work at certain "non-sensitive" enterprises and public institutions, and lowering the work visa thresholds for foreign college graduate applicants, a political advisor told the Global Times, amid a deep decline in the number of foreign students in recent years, especially from developed countries.
This is the 17th consecutive year that Wu Weishan, a world-renowned Chinese artist and the director of the National Art Museum of China, participated in the two sessions - one of the most important annual political gatherings that set the tone for the country's policy priorities in a wide range of fields from the economy and society to cultural development.
The Hong Kong and Macao Special Administrative Regions (SARs) could consider organizing a joint “multi-stop” combination with “Chinese culture-themed” travel products from Chinese mainland cities, while taking advantages of the SARs' roles as global hubs and transit points to boost inbound tourism market, Pansy Ho Chiu-king, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and group executive chairwoman and managing director of Shun Tak Holdings, told the Global Times during the two sessions.
Southwest China's Xizang Autonomous Region recorded a GDP growth rate of 9.5 percent last year, the highest growth pace in the country. And riding on the momentum, the region is expected to sustain the robust economic recovery in 2024, boosted by development potential in specialty industries such as highland barley and yaks, stepping up basic infrastructure construction as well as local tourism boom, a Chinese national political advisor told the Global Times during the two sessions.
The work report of the Standing Committee of the 14th National People's Congress (NPC), China's top legislature, on Friday pledged to accelerate the formation of a law aimed at promoting the development of the private sector, sending a strong, new signal on policymakers' commitment to making continuous improvements in the business environment and boosting the high-quality development of the private sector for Chinese modernization.
China could consider orderly relaxing the restrictions on egg freezing and egg donation, as the country takes more measures to strengthen the country's fertility preservation guarantee system amid an aging population and a delay in Chinese women's marriage and childbearing age, a political advisor told the Global Times during the two sessions.
China should make full-fledged breakthroughs in the Western-strangled chip manufacturing industry, with a focus on basic materials for chip-making such as photoresists and high-purity hydrogen fluoride for which China currently relies on imports, Xie Suyuan, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and an Academician of Chinese Academy of Sciences, told the Global Times on the sidelines of a group discussion during the two sessions on Thursday.
The assertion that the Hong Kong Special Administrative Region (HKSAR) has become a "ruin of an international financial center" is groundless, as the basic elements underpinning Hong Kong's status as a global financial center have not changed, and the region has been further leveraging its role as a super connector between the Chinese mainland and the rest of the world, Brian David Li Man-bun, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and co-chief executive of the Bank of East Asia (BEA), told the Global Times on Thursday.
Food security is one of the core issues being discussed during the annual two sessions in China, with political advisors in the agriculture sector emphasizing the need for technology innovation and seed revitalization to ensure stable food supplies.
China has set its 2024 GDP growth target at around 5 percent, which has been viewed as a signal of strong confidence that the world's second-largest economy could navigate through multifaceted pressure and boost a steady expansion this year.
The economy in the Hong Kong Special Administrative Region (HKSAR) is recovering and growing, and it's expected to continue expanding this year, as the region further taps its role as a "super connector" between the Chinese mainland and the world, and as the integration of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) further gears up, Kingsley Wong Kwok, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council, told the Global Times on Wednesday.
China on Tuesday set a growth target of around 5 percent for its economy in 2024, a "forward-looking and pragmatic" goal which deputies and economists said sends strong signals that the world's second-largest economy will sustain its firm recovery momentum this year despite rising headwinds, while putting more emphasis on ensuring economic stability and transforming growth models.
China plans to systematically address funding shortages facing some major projects in the course of advancing the national rejuvenation, and it will issue ultra-long special treasury bonds starting this year and over each of the next several years, Chinese Premier Li Qiang said in his Government Work Report delivered to the annual session of the National People's Congress (NPC) on Tuesday.
The US and its Western allies' relentless crackdown against Xinjiang's cotton industry since 2020 has failed, as the industry has been maintaining sound development momentum, and is seeing rising competitiveness not only in the Chinese market but also internationally, Liang Yong, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and a member of the China Association for Promoting Democracy, one of China's eight noncommunist political parties, told the Global Times. Liang is also the director of Xinjiang cotton industry development leadership office.
While the 14th Five-Year Plan has made clear China's support for Hong Kong region in enhancing its status as a center for various fields such as finance and trade, some political advisors from the city to the ongoing two sessions have proposed transforming it into a hub for the arts and cultural exchanges between China and the rest of the world.
China's top political advisory body started its annual session on Monday in Beijing, ushering in an important political season that will highlight new missions to steadily boost high-quality development in a bid to build the country into a great modern socialist country while injecting new impetus into global growth.
More than half of the world's manned deep diving missions have been completed by China's three deep-sea manned submersibles, Jiaolong, Shenhai Yongshi (Deep Sea Warrior) and Fendouzhe (Striver) during the past three years, Ye Cong, member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chief designer of Fendouzhe, said on Monday.
China will officially kick off the annual two sessions on Monday, one of the most important political gatherings for the year that will set the tone for the country's policy priorities in a wide range of sectors from the economy, diplomacy, military to social development.
China is set to enter the two sessions period on Monday, focusing the world's attention on how one of the most important political events in the country will set priorities and plans involving the economy, diplomacy, military, and social development for 2024. This year marks the 75th anniversary of the founding of the People's Republic of China and is a key year for achieving the goals outlined in the national 14th Five-Year Plan (2021-25). At this critical juncture, China's two sessions are set to send a refreshed strong signal to the world that China will remain firmly committed to promoting global common development and prosperity with its high-quality development.
China on Thursday released the statistical communique on national economic and social development in 2023, reaffirming that the Chinese economy maintained recovery momentum and made solid progress in pursuing high-quality development despite internal and external challenges.
The humanoid robot industry has been busy lately, with China's UBTECH Robotics and various overseas firms unveiling recent progress they have made. Experts said the strong development momentum of China's robot industry and continuous breakthroughs in basic core technologies have laid solid foundations for the industrial development of humanoid robots.
China's new home prices in first-tier cities declined 0.3 percent in January in month-on-month terms, narrowing 0.1 percentage point from that of December, data from the National Bureau of Statistics (NBS) showed on Friday. That in secondary markets edged down by 1 percent in January compared with December, also narrowing 0.1 percentage point from the previous month.
China's Ministry of Agriculture and Rural Affairs (MOA) on Monday issued an implementation guideline on promoting comprehensive rural revitalization. Observers said that it is a key step in the follow-up of the No 1 Central Document for 2024 – the first policy statement the central government releases at the beginning of each year, which focuses on agricultural and rural issues.
China's consumption at the Spring Festival holidays has shown signs of firing, with palpable uptick in movie ticket sales, unparallel travel surge, and festive purchase on Saturday, the first day of the eight-day Spring Festival holidays.
China's economic powerhouses, including Shanghai and South China's Guangdong Province, released their "report cards" for 2023 and their respective goals for GDP growth in 2024 on Tuesday, showcasing significant progress in industrial upgrading and an increase in foreign investment.
Chinese industry insiders and experts are hailing the fruitful achievements between China and Uzbekistan as bilateral ties experience a historic high against the backdrop of the state visit of Uzbek President Shavkat Mirziyoyev to China, scheduled from Tuesday to Thursday.
China's gallium exports fell 66 percent year-on-year to $8.47 million last year, while those of germanium edged down 8.2 percent to $48.42 million, data from Chinese customs showed, a trend that industry observers said reflected multiple factors – including market demand adjustment, soaring material prices as well as certain time needed for application reviews after metal export controls took effect.
When Elon Musk's Tesla lost its crown as the largest electric vehicle (EV) maker to Chinese automaker BYD in the fourth quarter of 2023, the American billionaire said at that time that "Tesla is an AI/robotics company," trying to draw a difference between the technologies developed by the Chinese and US companies.
When Elon Musk's Tesla lost its crown as the largest electric vehicle (EV) maker to Chinese automaker BYD in the fourth quarter of 2023, the billionaire said that “Tesla is an AI/robotics company,” trying to draw a difference between the technologies of the Chinese and US companies.
Chinese Premier Li Qiang on Tuesday called for global cooperation in various areas to rebuild global trust, including strengthening macroeconomic policy coordination and international industrial specialization and cooperation, warning that lack of trust and fragmentation will risk global economic growth and peaceful development.
China and Switzerland have completed the joint feasibility study on upgrading the China-Switzerland Free Trade Agreement (FTA) and agreed to support the early launch of formal FTA upgrade negotiations, the two sides announced on Monday during talks between Chinese Premier Li Qiang and President of the Swiss Confederation Viola Amherd in Bern, Switzerland. China also announced it will waive visa requirements for Swiss nationals while Switzerland will offer convenient visa processes for Chinese citizens and companies.
China will highlight its vision of an open world economy and win-win cooperation at the World Economic Forum (WEF) annual meeting and send a resounding signal that it will continue to open up its market for the world, which will stand in sharp contrast to the focus of some Western officials on geopolitical rivalry that has plagued the world economy, businesses and experts said on Sunday.
At the beginning of 2024, a wave of dance events have swept across China's social media platforms, with various short clips featuring Elon Musk dancing “kemusan” (a popular swag dance move originated from China) or shuffling Terracotta Warriors in shuffle dance going viral.
The Consumer Electronics Show (CES), the world's largest consumer tech conference, officially kicked off in Las Vegas on Tuesday. Over 4,000 exhibitors from around the world are showcasing a variety of cutting-edge tech gadgets during the expo – which is dubbed as the barometer that sets the stage for trending technologies each year. This year, “artificial intelligence (AI) in everything” is dominating the headlines, with AI-powered personal computers (PC), AI chips, AI-driven smart vehicle systems and AI home appliances taking center stage.
Chinese electric vehicle (EV) producer BYD Co overtook US-based Tesla Inc to become the world's biggest EV maker in the fourth quarter of 2023 for the first time, according to latest data from the companies. This had added another milestone to a historical year for China's auto industry as it's poised to propel China to become the world's biggest auto exporter.
In the 12th century, Ismail Al Jazari, an engineer from the Middle East, created automated devices including mechanized wine servant. It was a remarkable invention back in the medieval time, manifesting the Middle East people's early quest for a futuristic high-tech lifestyle.
China on Friday reported a number of economic indicators for November, with industrial output expanding at a better-than-expected 6.6 percent, also the fastest in almost two years, and retail sales also gaining a jumbo 10.1 percent year-on-year, according to data from the National Bureau of Statistics (NBS).
Following the UK's former foreign secretary James Cleverly's visit to China in August, relations between China and the UK are in the process of normalizing, “a big factor” that will provide multinationals from both sides with assurance on their investments, a UK chamber representative said.
As the world continues to face a severe economic downturn and various economic indicators in China reflect both a steady recovery trajectory as well as ups and downs in the Chinese economy, global attention is turning to an all-important end-of-year meeting to see how top Chinese policymakers view China's economic prospects and top priorities for 2024.
A meeting attended by China's top leaders on Friday called for strengthening economic vitality, containing risks and improving social expectations so as to cement and strengthen the positive momentum of economic upturn, as part of the economic assessment and policymaking for 2024.
China's State Council, the country's cabinet, on Thursday unveiled a comprehensive plan to promote the high-level institutional opening-up of the China (Shanghai) Pilot Free Trade Zone (FTZ) by aligning it with high-standard international economic and trade rules. The plan comes at a milestone moment of China's reform and opening-up journey, after Chinese leader inspected Shanghai.
China's Ministry of Commerce (MOFCOM) said on Thursday it will review anti-dumping and countervailing duties on wine from Australia, starting immediately, and will decide whether the punitive tariffs are necessary.
At the ongoing first China International Supply Chain Expo (CISCE), which kicked off on Tuesday, a number of UK financial, mining and pharmaceutical companies including HSBC, EY, Rio Tinto, Standard Chartered and AstraZeneca are eyeing more business opportunities in China in sectors such as electric vehicles, solar power, industrial upgrading and green financing.
The China-proposed Global Artificial Intelligence (AI) Governance Initiative has received positive responses from the international community, as it stresses fairness and justice as core to the global AI governing system and manifests multiple guidelines that are of wide global recognition, Chinese officials said. They also noted that since the initiative being launched in mid-October, many countries have shown eagerness to strengthen policy communication and pragmatic cooperation with China in the field of AI.
China will roll out a one-year visa-free policy to citizens from six countries - France, Germany, Italy, the Netherlands, Spain and Malaysia - starting on De-cember 1, 2023, Chinese Foreign Ministry spokesperson Mao Ning said on Friday, as part of fresh efforts to bring about cross-border people-to-people exchanges to serve the country's high-quality development and opening-up.
US payment company Mastercard's Chinese joint venture (JV) told the Global Times on Monday that it will offer yuan bank cards under the MasterCard brand as soon as possible, and support card holders to make payments involving more than 100 million vendors in China and abroad, after China's financial regulator greenlighted the JV for bank card clearing operations last week.
Chinese President Xi Jinping delivered a written speech to the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco on Thursday (local time), during which he called for staying committed to the three-decade APEC "founding mission" that emphasizes openness, inclusiveness, development for all and seeking common ground while shelving differences. He stressed that the Asia-Pacific cannot and should not be an arena for geopolitical rivalry, and still less should it be plunged into a new Cold War or camp-based confrontation.
China on Wednesday reported better-than-expected retail sales and industrial data for October, underscoring that the world's second-largest economy has been "running on abundant steam" to maintain the strong recovery momentum through the year despite multiple impediments including subdued global demand, flared-up geopolitical tensions and a slowing property sector.
It drew a lot attention when Zhou Hongyi, the founder and chairman of 360 Security Technology, stood with a “digital Zhou Hongyi” on the sidelines of the 2023 World Internet Conference (WIC) Wuzhen Summit, which started on Wednesday and concluded on Friday in Wuzhen, East China's Zhejiang Province.
The 2023 World Internet Conference (WIC) on Thursday issued the "Developing Responsible Generative Artificial Intelligence (AI) Research Paper and Consensus" in Wuzhen, East China's Zhejiang Province, summarizing the development of global generative AI to date as well as opportunities and risks brought by the emerging technology.
The 2023 World Internet Conference (WIC) Wuzhen Summit kicked off on Wednesday in the ancient water town of Wuzhen, East China's Zhejiang Province, where global cyberspace luminaries are set to discuss internet industry-related topics and provide insights on addressing the most pressing global cyberspace challenges – ranging from artificial intelligence (AI) governance, cyberspace hegemony to the widened digital gap – at the three-day monumental gathering.
Many US companies have actively participated in the sixth China International Import Expo (CIIE) in what could be the largest scale in history, and they signed a number of orders on the first day, showcasing their expectations for closer cooperation with China.
At China-Kazakhstan International Cooperation Center in Horgos, Northwest China's Xinjiang Uygur Autonomous Region, a group of tourists from neighboring Kazakhstan embarked on a shopping spree on Saturday, buying duty-free Chinese commodities including locally made Nang, a traditional flatbread, to clothes, shoes and home appliances.
The relations between China and Fiji are "solid and inclusive," and the two countries are "relating to each other as families," Fiji's Deputy Prime Minister and Minister for Tourism and Civil Aviation Viliame R. Gavoka told the Global Times in a recent exclusive interview. He also expected the two countries to "build on" the fruitful cooperation results under the Belt and Road Initiative (BRI), especially in green development and tourism.
The curtain has come down on the third Belt and Road Forum for International Cooperation (BRF) in Beijing, one of China's most important diplomatic events this year, but its profound significance is set to reverberate across the world for years to come.
The number of Chinese visitor arrivals in Thailand could reach 4 million this year, boosted by measures including a visa-free policy and closer cooperation with Chinese companies, Thapanee Kiatphaibool, governor of the Tourism Authority of Thailand (TAT), told the Global Times on Thursday.
This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates China's vision for global development and offers solutions to the reform of the global governance system and multi-faceted challenges. Against this backdrop, the Global Times is publishing a series of interviews with renowned scholars, think tanks, and financial institutions, sharing their insights and understanding of how this initiative has earned global recognition and growing esteem. This is the 12th installment in the series.
The relations between China and Fiji are “solid and inclusive,” and the two countries are “relating to each other as families,” Fiji's Deputy Prime Minister and Minister for Tourism and Civil Aviation Viliame R. Gavoka told the Global Times on Wednesday, on the sidelines of the third Belt and Road Forum for International Cooperation (BRF).
Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation in a keynote speech at the opening ceremony of the third Belt and Road Forum (BRF) for International Cooperation, with guests of the event and Chinese experts acknowledging what China and its partners worldwide have accomplished in the past decade. They're also confident that the encouraging message and promises will start a new journey for another “golden decade.”
China launched the Beijing Initiative for Deepening Cooperation on Connectivity on Wednesday at the High-level Forum on Connectivity held during the third Belt and Road Forum for International Cooperation (BRF), aiming to enhance all-round infrastructure connectivity among Belt and Road Initiative (BRI) partner countries, to build a world economy that is open, inclusive, balanced and beneficial for all.
The China-proposed Belt and Road Initiative (BRI) has been instrumental in promoting connectivity between China and Central and Eastern European (CEE) countries, helping their economies to diversify, and fostering bilateral ties, business representatives from the bloc said on Tuesday. They also expressed high hopes that the cooperation will become “deeper” and “greener” as the high-quality BRI cooperation enters a new stage of development following its 10th anniversary.
On the first day of the third Belt and Road Forum for International Cooperation (BRF), over 1,200 representatives from more than 80 countries and regions have taken on what some describe as a journey of “opportunity hunting,” eyeing establishing new business networks under the Belt and Road Initiative (BRI) – the world's largest platform for international cooperation– to inject certainty into their businesses in an uncertain world and make joint contributions to global economic recovery.
Editor's Note: China is holding the third Belt and Road Forum for International Cooperation (BRF) from October 17 to 18 in Beijing, marking a milestone in the development of the Belt and Road Initiative (BRI) at its 10th anniversary. Ten years ago, Chinese President Xi Jinping unveiled his proposal to jointly build the Silk Road Economic Belt and the 21st Century Maritime Silk Road, known as the Belt and Road Initiative. It was a transformative vision at that time in response to a changing global situation, and with the future and overall interests of humanity in mind.
The third Belt and Road Forum for International Cooperation (BRF) will be held in Beijing from Tuesday to Wednesday, as the year marks the10th anniversary of the Belt and Road Initiative (BRI). Leaders and representatives of countries from around the globe and international organizations have arrived in China, and Beijing is fully prepared for this major home diplomatic event.
Chinese President Xi Jinping will attend the third Belt and Road Forum (BRF) for International Cooperation to be held from October 17 to 18 in Beijing, the Chinese Foreign Ministry announced on Wednesday, officially ushering in what Chinese officials have described as one of the most important multilateral diplomatic events in China this year.
China has issued a white paper on the Belt and Road Initiative (BRI) on Tuesday, highlighting the role that the iconic "project of the century" has played in global development during the past decade as well as its achievements in living up to its ultimate goal of building a global community of shared future.
On Sunday morning, workers were harvesting grapes on farmland in Yining county in Kazak Autonomous Prefecture of Ili, Northwest China's Xinjiang Uygur Autonomous Region. The freshly-picked fruit was then uploaded onto a truck, headed to Kazakhstan via highway, and within six hours, it would be delivered to the Kazakh market and sold to the local consumers.
