Li Xuanmin
Reporter, Beijing
Chief reporter at the Global Times covering China's macroeconomy, China-US relations, high-tech industries. Lead reports on the Belt and Road Initiative.
LATEST STORIES
  • China, NZ eye closer economic, trade ties

    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.

    By Yin Yeping and Li Xuanmin | 2024/6/13 22:49:35
  • Exclusive: China-Brazil relations 'close, complementary, integrated': NDB head

    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.

    By Li Xuanmin | 2024/6/5 19:00:47
  • Developed, developing nations work together to ensure 'good symphony': Marc Uzan

    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.

    By Li Xuanmin | 2024/5/30 16:00:34
  • Rising financial volatility calls for overhauling Bretton Woods System: Zhu Min

    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.

    By Li Xuanmin | 2024/5/30 15:52:58
  • Ideas for Europe to decouple from China 'crazy, naive': French economist

    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."

    By Li Xuanmin in Hangzhou | 2024/5/28 20:17:36
  • Following US tariff hikes on Chinese products not in Europe's interests: former Italian minister

    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.

    By Li Xuanmin in Hangzhou | 2024/5/28 19:51:48
  • China to be pioneer in building new global financial system: scholars

    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.

    By Li Xuanmin in Hangzhou | 2024/5/28 15:18:05
  • Emerging markets deserve to have greater position and say in new financial order: Hungarian central bank governor

    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.

    By Li Xuanmin | 2024/5/27 22:15:36
  • China achieves progress in building financial powerhouse: report

    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.

    By Li Xuanmin in Hangzhou | 2024/5/27 21:30:52
  • Chinese economy maintains stable growth in April, with industry, exports indicators improving moderately

    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.

    By Li Xuanmin | 2024/5/17 17:36:20
  • Chinese economy maintains stable growth in April, with industry, exports indicators improving moderately

    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.

    By Li Xuanmin | 2024/5/17 10:00:32
  • China exports 'advanced capacity' to BRI partners; cooperation is based on economic complementarities, local demand

    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.

    By Li Xuanmin | 2024/5/16 18:30:02
  • China vows 'all necessary measures' against additional US tariffs

    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)

    By Wang Cong, Qi Xijia and Li Xuanmin | 2024/5/14 22:06:29
  • China's exports to US expand 2.4% in first four months, 'stern warning' to certain US politicians' decoupling push

    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.

    By Li Xuanmin and Chen Qingrui | 2024/5/9 21:21:12
  • Chinese spending on consumer goods jumps under trade-in program; policy to open up huge market worth trillions of yuan

    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.

    By Li Xuanmin and Zhang Yiyi | 2024/5/6 21:25:31
  • Travel boom in May Day holidays shows economic vitality, potential

    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.

    By Li Xuanmin and Zhang Yiyi | 2024/5/6 0:17:35
  • Chinese provinces show stepped-up economic recovery in Q1; 8 out of 31 record GDP expansion above 6%

    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.

    By Li Xuanmin | 2024/5/3 18:26:37
  • China unveils new measures to facilitate opening-up, international exchanges

    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.

    By Li Xuanmin and Sun Langchen | 2024/4/28 21:20:39
  • World's tallest wooden pagoda in Shanxi Province adopts 'digital twin' to develop tourism

    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.

    By Li Xuanmin in Yingxian | 2024/4/27 12:17:07
  • 30 years on: China's internet firms transform from followers to global bellwethers

    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.

    By Li Xuanmin | 2024/4/21 20:42:45
  • US targets Chinese steel with 'overcapacity' fallacy amid escalating trade tensions; move casts great uncertainty on stabilizing bilateral ties

    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.

    By Li Xuanmin | 2024/4/18 21:11:15
  • Retail sales jump 4.7% year-on-year in Q1, showing a stable consumption expansion

    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.

    By Li Xuanmin | 2024/4/16 15:19:24
  • EU's Foreign Subsidies Regulation 'new tool of economic coercion:' chamber

    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.”

    By Chi Jingyi and Li Xuanmin | 2024/4/4 13:18:08
  • China's economy starts off the year on strong note, projecting great confidence in trajectory toward 5% GDP goal this year

    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.

    By Li Xuanmin and Ma Jingjing | 2024/3/18 20:49:50
  • Localities make AI development plans, underscoring nation's systemic advantage

    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.

    By Li Xuanmin | 2024/3/17 21:16:33
  • More pragmatic measures needed to attract foreign students: political advisor

    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.

    By Li Xuanmin and Chen Zishuai | 2024/3/11 20:04:52
  • More artworks displaying beauty of Chinese civilization, spirit of the times need to be 'invited abroad': artist Wu Weishan

    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.

    By Li Xuanmin and Chen Zishuai | 2024/3/10 23:41:58
  • HK, Macao, Chinese mainland could launch multi-stop, culture-themed travel products to boost inbound tourism: political advisor

    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.

    By Li Xuanmin and Ren Xiaonan | 2024/3/10 21:29:24
  • Xizang to develop highland barley, yaks specialty industries, boost tourism to tap growth potential: political advisor

    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.

    By Li Xuanmin | 2024/3/9 22:01:28
  • China starts drafting law to boost confidence of private sector, vitality for high-quality growth

    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.

    By Ma Jingjing and Li Xuanmin | 2024/3/8 23:33:47
  • China could consider orderly relaxing restrictions on egg freezing and donation: political advisor

    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.

    By Li Xuanmin | 2024/3/8 19:12:32
  • China should further focus on basic materials for key chip-making to achieve tech self-sufficiency amid Western crackdown: political advisor

    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.

    By Li Xuanmin and Chen Zishuai | 2024/3/8 12:03:26
  • Attacks on HK's international financial hub status 'groundless': political advisor

    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.

    By Li Xuanmin | 2024/3/7 23:23:55
  • CPPCC members highlight tech innovation, seed revitalization to ensure food security as China eyes more than 650m-ton grain output in 2024

    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.

    By Li Xuanmin and Qi Xijia | 2024/3/7 22:35:17
  • Certain foreign smearing against China's GDP target 'misses the big picture'

    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.

    By Li Xuanmin | 2024/3/7 21:10:07
  • Exclusive: Chinese mainland, HKSAR to deepen cooperation to create more new growth drivers: national political advisor from HK

    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.

    By Li Xuanmin and Chen Zishuai | 2024/3/6 23:56:51
  • China sets 2024 GDP growth target at around 5%; 'forward-looking, pragmatic' goal signals firm economic recovery, high-quality growth

    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.

    By Li Xuanmin and Ma Jingjing | 2024/3/5 20:38:54
  • China plans to issue ultra-long treasury bonds to propel economic growth: Premier Li Qiang

    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.

    By Song Lin and Li Xuanmin | 2024/3/5 13:40:01
  • Xinjiang cotton industry maintains good momentum despite US crackdown: political advisor

    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.

    By Li Xuanmin and Chen Zishuai | 2024/3/5 6:33:49
  • Political advisors from HK propose transforming city into cultural, art hub

    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.

    By Xing Xiaojing, Li Xuanmin and Bi Mengying | 2024/3/4 22:02:33
  • China's two sessions gather strength for high-quality growth as nation vows development of new productive forces

    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.

    By Ma Jingjing, Li Xuanmin and Xing Xiaojing | 2024/3/4 21:56:10
  • More than half of the world's manned deep-sea diving missions done by Chinese submersibles: CPPCC member

    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.

    By Yin Yeping and Li Xuanmin | 2024/3/4 18:05:07
  • China's two sessions to flesh out economic roadmap

    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.

    By Li Xuanmin | 2024/3/3 22:06:46
  • World expects China's two sessions to inject new momentum into global growth

    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.

    By Ma Jingjing and Li Xuanmin | 2024/3/1 21:11:51
  • China reports 'hard-won' economic results for 2023, as two sessions to focus on continued recovery

    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.

    By Wang Cong, Li Xuanmin and Ma Jingjing | 2024/2/29 21:05:33
  • Chinese tech firm shows strong momentum amid rise of humanoid robot industry

    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.

    By Zhang Weilan and Li Xuanmin | 2024/2/27 1:29:47
  • China's home prices in 70 major cities edge down in Jan, but drop narrows down from Dec

    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.

    By Li Xuanmin | 2024/2/23 13:43:45
  • Ministry vows to ensure a bumper farm harvest this year, contributing to food security

    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.

    By Li Xuanmin and Tao Mingyang | 2024/2/19 21:04:19
  • Travel orders up 102%, admission ticket booking up 300% at travel platform on first day of Spring Festival holidays

    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.

    By Li Xuanmin | 2024/2/10 16:18:14
  • Shanghai breaks foreign investment record; Guangdong's GDP surpasses $1.83 trillion in 2023

    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.

    By Qi Xijia, Shen Weiduo and Li Xuanmin | 2024/1/23 21:37:20
  • China-Uzbekistan economic and trade ties deepen amid presidential visit

    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.

    By Yin Yeping and Li Xuanmin | 2024/1/23 21:12:17
  • China's metal export curbs not 'retaliation, but in line with global norm:' analysts

    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.

    By Li Xuanmin | 2024/1/22 23:02:29
  • Chinese automakers gear up for global intelligence race by building on strengths in high-end international market

    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.

    By Li Xuanmin in Shenzhen | 2024/1/21 20:35:40
  • BYD releases Xuanji intelligent architecture as Chinese carmakers gear up for global auto intelligence race

    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.

    By Li Xuanmin in Shenzhen | 2024/1/17 1:16:59
  • Li urges global cooperation, vows continued opening-up at WEF

    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.

    By Wang Cong and Li Xuanmin | 2024/1/16 22:41:09
  • China, Switzerland agree to support early launch of formal FTA upgrade talks amid Li's visit

    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.

    By Wang Cong and Li Xuanmin | 2024/1/15 22:51:59
  • China to stress openness at WEF, defy trade protectionism

    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.

    By Wang Cong, Li Xuanmin and Feng Fan | 2024/1/14 21:26:55
  • Year of 2024 sets in motion a new wave of AI race, with Chinese tech firms rapidly catching up

    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.

    By Li Xuanmin and Zhang Weilan | 2024/1/11 18:09:11
  • Chinese CES 2024 attendees double, reflecting tech cooperation momentum between two major tech powerhouses

    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.

    By Li Xuanmin | 2024/1/9 20:53:55
  • BYD overtakes Tesla in quarterly EV sales, reflecting China's rapid industrial upgrade

    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.

    By Wang Cong, Tao Mingyang and Li Xuanmin | 2024/1/3 21:22:14
  • 2023 Yearender: BRI marches toward hi-tech, digital, green cooperation

    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.

    By Li Xuanmin | 2023/12/27 21:03:05
  • 'China's 2023 growth target within reach' as robust industrial output, retail sales data posted in Nov

    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).

    By Li Xuanmin and Liu Yang | 2023/12/15 20:23:06
  • China-UK relations in the process of normalizing, providing multinationals with assurance: chamber head

    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.

    By Li Xuanmin | 2023/12/12 20:03:15
  • China's top economic conference expected to prioritize stable growth, tackling risks in 2024

    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.

    By Wang Cong, Tao Mingyang and Li Xuanmin | 2023/12/10 20:42:45
  • Top CPC meeting charts China's policymaking for 2024; sends strong signal of strengthening economic vitality and confidence

    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.

    By Ma Jingjing, Li Xuanmin and Yin Yeping | 2023/12/8 21:25:55
  • China issues plan to promote further opening-up of Shanghai FTZ, to pave way for entry to CPTPP

    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.

    By Li Xuanmin | 2023/12/7 21:58:33
  • China starts review of duties on Australian wine imports

    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.

    By Li Xuanmin and Feng Fan | 2023/11/30 21:48:36
  • At China's first supply chain-themed expo, UK companies eye opportunities in EVs, solar power and green financing

    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.

    By Li Xuanmin and Chi Jingyi | 2023/11/28 21:31:44
  • China-proposed Global AI Governance Initiative receives positive feedback

    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.

    By Li Xuanmin | 2023/11/27 23:21:07
  • China to offer visa-free policy to five European countries, Malaysia

    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.

    By Li Xuanmin and Tao Mingyang | 2023/11/24 20:31:22
  • China greenlights Mastercard JV for bank card clearing operations amid further 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.

    By Li Xuanmin | 2023/11/20 20:48:27
  • Xi's APEC speech embodies Asia-Pacific region's common expectations for cooperation instead of confrontation

    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.

    By Shen Weiduo, Chen Qingqing, Xie Wenting, Bai Yunyi and Xing Xiaojing in San Francisco and Li Xuanmin in Beijing | 2023/11/17 21:24:59
  • China's economic recovery gains pace in Oct with forecast-beating retail sales, industrial output data

    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.

    By Li Xuanmin and Qi Xijia | 2023/11/15 21:35:36
  • ChatGPT leads Chinese firms by 1-1.5 years, but inferior in application innovation: industry insiders

    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.

    By Li Xuanmin and Liu Yang in Wuzhen | 2023/11/10 20:06:18
  • China releases research paper on developing responsible generative AI

    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.

    By Li Xuanmin and Liu Yang in Wuzhen | 2023/11/9 23:31:09
  • Wuzhen Summit kicks off at 10th anniversary, highlighting China's role in building a community with a shared future in cyberspace

    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.

    By Li Xuanmin and Yang Sheng in Wuzhen | 2023/11/8 21:37:34
  • Largest US business delegation flocks to CIIE, eyes closer cooperation with China

    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.

    By Qi Xijia in Shanghai and Li Xuanmin in Beijing | 2023/11/5 21:04:19
  • Xinjiang shows 'unlimited potential' in becoming BRI business and logistics hub, boosted by new FTZ policies

    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.

    By Li Xuanmin | 2023/11/5 17:23:33
  • Relations with China 'solid and inclusive,' says Fiji deputy PM

    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.

    By Li Xuanmin | 2023/10/23 20:46:30
  • BRF's success underlines solid confidence in BRI, bright prospects on journey toward another 'golden decade'

    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.

    By Wang Cong, Yin Yeping and Li Xuanmin | 2023/10/19 23:19:55
  • Chinese visitor arrivals in Thailand to reach 4m this year, tourism agency says

    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.

    By Li Xuanmin | 2023/10/19 22:57:58
  • Exclusive: Potential withdrawal from BRI 'damaging' to China-Italy relations, underestimates gains and potential benefits: former Italian official

    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.

    By Li Xuanmin | 2023/10/19 19:22:22
  • Exclusive: Relations with China 'solid and inclusive,' says Fiji deputy PM

    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).

    By Li Xuanmin | 2023/10/18 23:54:28
  • Usher Belt and Road cooperation into a new stage of high-quality development

    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.”

    By Yang Sheng, Liu Xin, Li Xuanmin and Shen Weiduo | 2023/10/18 23:40:05
  • Beijing Initiative for Deepening Cooperation on Connectivity to facilitate open global economy

    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.

    By Li Xuanmin | 2023/10/18 23:36:33
  • China-CEE BRI cooperation expected to become'deeper,''greener' in next stage

    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.

    By Li Xuanmin | 2023/10/17 23:50:49
  • Deals on the 1st day of the 3rd Belt and Road Forum hit a record, highlighting foreign entrepreneurs' confidence in BRI

    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.

    By Li Xuanmin and Shen Weiduo | 2023/10/17 22:38:43
  • BRI: A global project of the century, a path to global well-being

    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.

    By Li Xuanmin and Zhao Yusha | 2023/10/16 21:52:00
  • Beijing fully prepared for BRF; 'world expects China's answer to global challenges'

    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.

    By Yang Sheng and Li Xuanmin | 2023/10/16 21:46:06
  • Xi to attend 3rd Belt and Road Forum held at key juncture of initiative

    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.

    By Wang Cong, Li Xuanmin and Qi Xijia | 2023/10/11 22:15:22
  • BRI turns vision into action: white paper

    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.

    By Li Xuanmin and Qi Xijia | 2023/10/10 20:44:33
  • A decade of BRI development transforms China's Xinjiang region into a core area of the Silk Road Economic Belt

    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.

    By Li Xuanmin in Urumqi and Horgos | 2023/10/1 12:51:42
  • China releases a white paper on its proposals, actions on building 'a global community of shared future'

    The Chinese government released a white paper on Tuesday to introduce the theoretical base, practice and development of a global community of shared future, as by presenting China's vision of the course of human development, it counters the hegemonic thinking of certain countries that seek supremacy.

    By Yang Sheng and Li Xuanmin | 2023/9/26 21:00:53
  • Xinjiang, endowed with natural beauty and rich ethnic culture, sees surging inflow of tourists

    On a sunny Sunday afternoon, tourists from all over the world have been dressing in traditional Uygur costumes, dancing to folk music, gobbling down the kebab, and snapping up local specialties in the thousand-year-old Kashi Old Town in Kashi Prefecture, Northwest China's Xinjiang Uygur Autonomous Region.

    By Li Xuanmin in Kashi and Turpan and Tu Lei in Hotan | 2023/9/19 16:48:14
  • Chinese new energy vehicle technology rapidly integrating into ASEAN

    In recent years, the cooperation mode between China and ASEAN in the field of EVs has been transitioning from exporting complete vehicles to capacity cooperation. Several Chinese car companies have achieved localized production in the ASEAN region through direct investment in factories or mergers.

    By Zhao Juecheng, Hu Yuwei, Li Xuanmin and Hao Shuangyan | 2023/9/15 1:15:56
  • BRI brings harmony with nature

    Despite constant claims from Western media that the Chinese-proposed Belt and Road Initiative (BRI) is unwelcomed by the people of recipient countries and has caused conflict over environmental and employment issues, a recent fieldtrip by the Global Times to three Southeast Asian countries revealed a very different reality on the ground.

    By Hu Yuwei, Li Xuanmin and Zhao Juecheng in Indonesia, Malaysia and Thailand | 2023/9/7 18:53:29
  • Chinese Premier Li Qiang rides Jakarta-Bandung High-Speed Railway on a trial run, milestone for landmark BRI project

    Chinese Premier Li Qiang on Wednesday took a test ride on the Jakarta-Bandung High-Speed Railway (HSR), a landmark project under the China-proposed Belt and Road Initiative (BRI). The test ride came as Li kicked off an official visit to Indonesia this week, where he is also attending the 26th China-ASEAN Summit, the 26th ASEAN Plus Three Summit and the 18th East Asia Summit.

    By Yin Yeping and Li Xuanmin | 2023/9/7 1:01:24
  • Li calls for opposing new Cold War, promoting cooperation

    Chinese Premier Li Qiang said at the 26th China-ASEAN Summit in Jakarta, Indonesia Wednesday that as long as China and ASEAN countries keep to the right path, whatever storms may come, their cooperation will be as firm as ever and they can press ahead against all odds, and analysts said that China-ASEAN ties remain close and will continue to develop to withstand the impacts of any external interference that attempts to instigate tensions and conflicts.

    By Yang Sheng, Li Xuanmin and Zhang Yuying | 2023/9/6 21:22:34
  • From 3.5-hour drive to 40-minute ride, GT reporters taste speed, beauty of Jakarta-Bandung high-speed train

    After enduring a bumpy 3.5-hour-long highway ride and a bout of traffic congestion, we finally arrived in Indonesian famous tourism city Bandung by car, which was only 130 kilometers from the capital Jakarta, during a fieldtrip to the Tegalluar Station, the last point on the Jakarta-Bandung HSR in July.

    By Hu Yuwei and Li Xuanmin in Indonesia | 2023/9/6 20:48:06
  • BRI fuels infrastructure build-up, propelling trans-border shipmentat Malaysia's Kuantan

    This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates China's vision and provides solutions for the reformation of the global governance system and other challenges. Reflecting on the development of the BRI over the last decade, there has been no shortage of evidence demonstrating its success. Standing at this monumental juncture, the Global Times is publishing a series of articles to help readers understand the fruitful journey of the BRI in the past 10 years from multiple perspectives, and how the initiative will proceed in the future. This is the sixth installment in the series, examining how the Kuantan Port in Malaysia has risen to be an important trade hub because of BRI.

    By Li Xuanmin and Zhao Juecheng in Kuantan | 2023/8/24 17:45:38
  • China-ASEAN consensus has brought tangible benefits to 2 billion people, withstood multiple tests: Chinese Ambassador to ASEAN

    Editor's Note: Relations between China and the ASEAN have continued to improve since the establishment of ASEAN-China Dialogue Relations in 1991. Over the last 30 years, the China-ASEAN relationship has achieved remarkable development and brought about tangible benefits for more than 2 billion people in 11 countries. China and the ASEAN have pursued the right path of long-standing good-neighborliness and friendship, and common development and prosperity. Recently, Global Times reporters Hu Yuwei, Zhao Juecheng, and Li Xuanmin (GT) interviewed the Secretary-General of ASEAN, Dr Kao Kim Hourn (Kao), and Chinese Ambassador to the ASEAN, Hou Yanqi (Hou), in Indonesia, to get more insights from them on the future pathway of China-ASEAN political and economic relations.

    By Hu Yuwei, Zhao Juecheng, and Li Xuanmin in Indonesia | 2023/8/23 21:34:10
  • China, ASEAN gain greatly from each other as neighbors, friends, and partners: ASEAN Secretary-General

    Editor's Note: Relations between China and the ASEAN have continued to improve since the establishment of ASEAN-China Dialogue Relations in 1991. Over the last 30 years, the China-ASEAN relationship has achieved remarkable development and brought about tangible benefits for more than 2 billion people in 11 countries. China and the ASEAN have pursued the right path of long-standing good-neighborliness and friendship, and common development and prosperity. Recently, Global Times reporters Hu Yuwei, Zhao Juecheng, and Li Xuanmin (GT) interviewed the Secretary-General of ASEAN, Dr Kao Kim Hourn (Kao), and Chinese Ambassador to the ASEAN, Hou Yanqi (Hou), in Indonesia, to get more insights from them on the future pathway of China-ASEAN political and economic relations. The two diplomats highlighted China's important role as one of the key partners of the ASEAN that supports its community-building efforts. They expressed their belief that the bilateral cooperation enjoys a profound foundation, covers broad areas, and will continue to yield fruitful results.

    By Hu Yuwei, Zhao Juecheng, and Li Xuanmin in Indonesia | 2023/8/23 21:24:26
  • Industrial parks a key piece of BRI in S.E Asia

    "In Malaysia, For Malaysia" is a phrase printed on the business card of Hu Jiulin, the chief technology officer of Alliance Steel, the largest steel plant in the country, also one of the first Chinese companies to establish a plant within the Malaysia-China Kuantan Industrial Park (MCKIP), located on the east coast of Malaysia.

    By Hu Yuwei, Li Xuanmin and Zhao Juecheng in Thailand, Malaysia and Indonesia | 2023/8/22 21:07:14
  • China, South Africa enjoy vibrant economic ties, more pragmatic cooperation set to unleash enormous potential: expert

    China and South Africa, two member states of the BRICS bloc, have witnessed their economic ties get closer and bilateral trade follow a steady growth track in recent years despite the COVID-19 pandemic. With their strategic partnership deepening, bilateral cooperation in diverse areas has displayed vitality and resilience, setting a template for cooperation among the nations of the Global South and injecting impetus into the world's economic recovery.

    By Zhang Hongpei and Li Xuanmin | 2023/8/22 19:44:52
  • BRI bolsters trade, cultural exchanges between China and Indonesia across the sea: museum curator

    More than 2,000 years ago, fleets of cargo-laden merchant ships set sail from China through the ancient Maritime Silk Road, which opened the path for centuries of trade and cultural exchanges between China and Indonesia.

    By Li Xuanmin and Hao Shuangyan in Indonesia | 2023/8/18 0:05:11
  • Xi's footsteps: Embodying Xi's visions, the China-proposed BRI brings opportunities, benefits to ordinary people in SE Asia

    When Chinese President Xi Jinping first proposed the initiative of the 21st Century Maritime Silk Road in 2013, it was framed as a broad vision to expand regional cooperation between China and Southeast Asian countries. By visiting the Belt and Road Initiative (BRI) projects in Indonesia, Thailand and Malaysia in July, Global Times reporters followed Xi's footsteps and visions to find out how BRI projects have enhanced regional connectivity, deepened trade and economic relations, promoted political trust and expanded people-to-people exchanges among member countries.

    By Hu Yuwei, Li Xuanmin and Zhao Juecheng in Indonesia, Thailand and Malaysia | 2023/8/17 19:56:35
  • Chinese TV series 'make big splash' in Southeast Asian countries

    Praphaphan Thaingamsin, a 20-something Thai college graduate, has been immersed in a hit Chinese fantasy costume drama Till the End of The Moon recently, breathlessly waiting for new episodes to be released online every night.

    By Li Xuanmin and Hao Shuangyan | 2023/8/17 19:09:34
  • Decade of BRI development brings ASEAN dream closer

    Editor's Note: Over 2,000 years ago, when the world was separated by high mountains and vast oceans, Chinese ancestors opened a transcontinental passage connecting Asia, Europe and Africa, known as the Silk Road, and created sea routes linking the East with the West, namely, the maritime Silk Road. The ancient silk routes embody the spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit. In the autumn of 2013, when mankind faced daunting challenges posed by deficits of peace, development and governance, Chinese President Xi Jinping proposed the building of the Silk Road Economic Belt and the 21st Century Maritime Silk Road – the Belt and Road Initiative (BRI), carrying on the Silk Road spirit and offering the world Chinese wisdom. Ten years on, from every angle, the BRI has achieved remarkable success. To illustrate how the BRI vision has become a reality over the past decade, Global Times reporters visited a variety of countries and regions in Southeast Asia, Central Asia, Africa, Central and Eastern Europe, as well as the South Pacific, where they witnessed first-hand the success of the BRI and how it has improved life in those countries and regions. Their stories will be published in a special series, which aims to provide a clear picture of the BRI in the past decade. This is the first installment, which focuses on how the BRI has been helping to usher in a new era of development in Southeast Asia over the past decade.

    By Li Xuanmin and Zhao Juecheng in Thailand, Indonesia and Malaysia | 2023/8/17 18:02:25
  • China issues WTO obligation report for the first time, slamming US unilateralism, bullying moves

    China's Ministry of Commerce (MOFCOM) on Friday issued a report on the US' fulfillment of its WTO obligations for the first time, slamming Washington for “destroying the multilateral trade mechanism, exercising unilateralist bullying, manipulating double standards in industrial policy and disrupting global industrial and supply chain.”

    By Li Xuanmin | 2023/8/11 21:56:57
  • China eyes shared interests with Singapore, opposes hegemony, protectionism

    Senior Chinese diplomat Wang Yi met with Singaporean Prime Minister Lee Hsien Loong on Friday, the second day of his Southeast Asian trip with stops also in Malaysia and Cambodia. The trip eyes deepening China-Southeast Asia cooperation amid external disturbances that are attempting to shake ASEAN's balancing strategy, according to analysts.

    By Zhang Han and Li Xuanmin | 2023/8/11 20:19:59
  • China's BRI proposal 'very significant' for international cooperation: former Indonesian parliament speaker

    Editor's Note: 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 11th installment in the series.

    By Li Xuanmin | 2023/8/10 18:07:16
  • Thailand to remain open to Chinese investors, build resilient supply chain: official

    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 development and offers solutions for 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 tank experts and analysts at financial institutions, sharing their insights and understanding of how this initiative has earned global recognition and growing esteem. This is the 10th installment in the series.

    By Li Xuanmin | 2023/8/3 21:42:33
  • India should have 'a second thought' on participating BRI, otherwise it could lose excessively: Pakistani scholar

    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 ninth installment in the series.

    By Li Xuanmin | 2023/8/3 20:56:42
  • Jakarta-Bandung HSR enters intensive testing phase, launch imminent

    The Jakarta-Bandung High-Speed Railway (HSR) is now undergoing intensive joint commissioning and testing, involving the operation of the electric multiple unit (EMU) trains and the comprehensive inspection train (CIT).

    By Li Xuanmin in Jakarta | 2023/7/27 19:34:15
  • Chinese commercial space sector gains momentum as private firms shore up sophisticated industrial chain

    A Chinese space company has successfully launched the country's first flat-panel communication satellite with a flexible solar array into orbit on Sunday. The satellite Lingxi-03, developed by Galaxy Space, was launched using a Long March-2D carrier rocket at the Taiyuan Satellite Launch Center in North China's Shanxi Province.

    By Zhang Hongpei and Li Xuanmin | 2023/7/23 14:31:33
  • China mulls supportive package to spur private economy following top-design 31-point guideline

    China will mull providing more supportive measures for the private economy in recent days, including policy documents on facilitating the development of the private economy and driving private investment, as well as a new version of a negative list for private investors, the country's top economic planner said on Thursday, as part of a concrete, multi-pronged package built upon a top-design policy guideline issued on Wednesday night.

    By Li Xuanmin and Qi Xijia | 2023/7/20 23:34:50
  • China's first-half 5.5% GDP growth fastest among major global economies: NBS spokesperson

    China's 5.5-percent first-half GDP growth is the fastest among major economies, with relatively high valuation and quality. The country has the confidence, the conditions, and the ability to achieve full-year economic and social development target, Fu Linghui, a spokesperson for the National Bureau of Statistics (NBS), said on Monday.

    By Li Xuanmin | 2023/7/17 14:24:55
  • BRI offers ASEAN great opportunities: Thai scholar

    Recently, Global Times reporter Li Xuanmin (GT) conducted an interview with Wirun Phichaiwongphakdee (Wirun), director of the Thailand-China Research Center of the Belt and Road Initiative and Researcher at the Thailand-China Strategic Research Center at the National Research Institute of Thailand. The interview focuses on the BRI and how the initiative has been facilitating trade and infrastructure connectivity in ASEAN (Association of Southeast Asian Nations). According to him, the China-proposed BRI has not only become a genuine driver of regional growth, but also provides a unique path of prosperity for ASEAN economies based on win-win cooperation.

    By Li Xuanmin | 2023/7/9 19:03:59
  • Nation lists 41 generative AI development trends

    China's cyberspace authority listed a total of 41 deep synthesis service algorithms developed by Chinese internet companies on Tuesday. Observers said the move will help draw up the legal framework for generative artificial intelligence (AI), a highly competitive high-tech sector which is experiencing fast-lane development in China.

    By Li Xuanmin | 2023/6/20 22:03:47
  • Both 'Decoupling' and 'de-risking' show geopolitical intention to contain China's economic rise: German scholar

    This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates China's vision of 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 eighth installment in the series. Recently, Global Times reporter Li Xuanmin (GT) conducted an interview with Helga Zepp-LaRouche (HZL), founder of Germany-based Schiller Institute, a political and economic think tank. The interview focuses on the BRI and Europe's policies toward China, including the two D-words (decoupling and de-risking), which, she said, are basically the same and illustrate implicitly the intention of the US and its allies to contain China's economic rise.

    By Li Xuanmin | 2023/6/19 17:14:11
  • China-Brazil cotton trade could be settled in yuan in future: industry representative

    The export volume of Brazilian cotton to China is expected to overtake that of the US in the next few years, and the trading of the bulk commodity could be settled in yuan as “a way to the future,” Marcelo Duarte Monteiro, director of International Relations at the Brazilian Cotton Growers Association, told the Global Times on Friday.

    By Zhao Juecheng and Li Xuanmin | 2023/6/16 21:42:33
  • China's economy shows moderate recovery in May, defying 'losing steam' hype

    China's three major economic indexes saw stable growth in May, with industrial output rising 3.5 percent year-on-year and social retail sales expanding 12.7 percent year-on-year, which observers said showed that a moderate recovery was underway despite multiple downward pressures ranging from a complex global geopolitical situation, weakening demand to the spillover effect of US monetary policy shockwaves.

    By Li Xuanmin and Qi Xijia | 2023/6/15 20:50:16
  • New Zealand PM announces China visit plan with trade delegation

    New Zealand Prime Minister Chris Hipkins announced on Monday he would visit China in late June with a trade delegation, the first prime ministerial visit to China since the pandemic, at a post-Cabinet press conference.

    By Zhang Han and Li Xuanmin | 2023/6/12 20:25:56
  • BRI the most important international initiative in the last decade: Italian scholar

    This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates China's vision and provides solutions to the reform of the global governance system and multifaceted 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 the initiative has earned global recognition and reshaped global development. This is the sixth installment in the series. In 2019, China and Italy signed a Memorandum of Understanding (MoU) on BRI, and Italy is also the first and only G7 country to join the initiative. In recent days, discussions on Italy's participation on BRI have been afoot, with the Italian government reportedly signaling that it is reconsidering whether to renew the MoU. Against the backdrop, the Global Times reporter Li Xuanmin (GT) conducted an interview with Prodi Giorgio (G), associate professor of Applied Economics at Ferrara University and visiting senior fellow of the Institute for Global Cooperation and Understanding at the Peking University, who shared his views on the development of BRI, while giving practial suggestions on how the initiatve could be better carried out in Italy as well as Europe. According to Giorgio, BRI has been the most important international initiative in the last decade both in terms of political and economic investments.

    By Li Xuanmin | 2023/5/17 18:39:26
  • Xi lauds Xiong'an's miraculous transformation, urges new progress

    Six years after China announced the construction of the Xiong'an New Area, the site that "started from scratch" from a blueprint has become a reality, as a high-level modern metropolis has been building up, which is "nothing short of a miracle," Chinese President Xi Jinping said during an inspection to the area on Wednesday, at a time when the "dream city" has just celebrated its sixth anniversary of its establishment.

    By Li Xuanmin and Yin Yeping | 2023/5/11 0:09:12
  • World's first interventional BCI experiment in non-human primates successfully carries out in Beijing

    The world's first interventional brain-computer interface (BCI) experiment in non-human primates was successfully completed in Beijing on Thursday. It carries important significance in promoting brain science field research and signaled that China's BCI technology - a sector at the forefront of a white-hot technology war between China and the US - has jumped to internationally leading levels, industry insiders said.

    By Li Xuanmin | 2023/5/5 21:59:14
  • May Day holidays set to be 'most prosperous'

    China's consumption has been firing on all cylinders during the just-ended May Day holidays, ranging fromtourism, box office, transportation, entertainment to catering sectors. This year's five-day holidaysare believed to have beaten the 2019 pre-epidemic level in terms of both trips made and revenue generated to become what industry insiders celebratedas the "most prosperous," giving a huge boost to GDP.

    By Li Xuanmin and Liu Yang | 2023/5/3 21:58:55
  • Hainan, HKSAR 'complementary rather than competing,' says HK business representative

    Hong Kong enterprises in the food, watch and jewelry, fashion as well as healthcare and personal care products sectors have been actively participating in the third China International Consumer Products Expo (CICPE) in Haikou, capital of South China's Hainan Province, which kicked off on Monday and lasts until Saturday.

    By Zhao Juecheng and Li Xuanmin in Haikou | 2023/4/14 0:10:46
  • Hainan's yacht industry, a barometer on China's high-end consumption, is quickly reviving

    With flashing lights and dynamic music, the yacht club of the third China International Consumer Products Expo (CICPE) was unveiled Tuesday night in Haikou, South China's Hainan Province, with a total of 25 yacht-makers including Ferretti, Princess Yachts, and Azimut showcasing luxurious vessels that priced between 1 million yuan to over 100 million yuan.

    By Li Xuanmin in Haikou | 2023/4/13 18:08:03
  • France leads foreign countries in CICPE participation with 336 brands

    With the presentation of a variety of premium consumer products ranging from cosmetics, fashion and food to luxury bags and wine, the French pavilion has arguably become one of the busiest spots during the ongoing third China International Consumer Products Expo (CICPE).

    By Li Xuanmin in Haikou | 2023/4/12 21:37:49
  • Companies at consumption expo expect Lula's visit to boost bilateral farm trade

    The visit of Brazilian President Luiz Inácio Lula da Silva to China will boost bilateral agricultural trade, according to representatives of companies from countries that are attending the ongoing consumption exhibition in South China's Hainan Province.

    By Li Xuanmin and Zhao Juecheng in Haikou and Tu Lei in Beijing | 2023/4/11 22:29:00
  • Hainan Expo opens, displaying consumption dynamic of China

    Hainan, a tropical island in South China, has come under the limelight once again, especially in terms of consumption upgrade momentum.

    By Li Xuanmin and Xie Jun in Haikou | 2023/4/10 22:49:56
  • Macron, Von der Leyen to visit China in intensive China-EU interactions

    On the heels of Spanish Prime Minister Pedro Sanchez, French President Emmanuel Macron and European Commission President Ursula von der Leyen will visit China from April 5 to 7, and they are likely to be followed by German Foreign Minister Annalena Baerbock in mid-April, as China's busy diplomatic agenda continues.

    By Zhang Han, Liu Caiyu, Chen Qingqing and Li Xuanmin | 2023/4/3 23:48:18
  • Output cut by OPEC+ constitutes 'gut punch' to US hegemony, showing its irresponsible policies would 'shoot on its own foot:' observers

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

    By Li Xuanmin and Chu Daye | 2023/4/3 21:31:38
  • China, Singapore complete 'substantial negotiation' on FTA upgrade, pact set to be the highest opening-up level of the world's No.2 economy to date

    China and Singapore have completed"substantive negotiations" on the upgrade of bilateral free trade agreement (FTA), which will improve market access for each other's businessesand provide for more transparent and higher-level economic rules. The announcement comes a day after both sides agreed to upgrade bilateral relations to an "All-Round High-Quality Future-Oriented Partnership" during Singapore's Prime Minister Lee Hsien Loong's visit to China.

    By Li Xuanmin and Chi Jingyi | 2023/4/2 21:06:46
  • China, Singapore expected to expand depth, scope of BRI cooperation on PM Lee's visit

    Last week, a special rail express train loaded with a consignment of 50 new energy vehicle (NEVs) departed from Southwest China's Chongqing Municipality and arrived at a train station in Qinzhou, South China's Guangxi Zhuang Autonomous Region after a 31-hour journey.

    By Li Xuanmin and Tu Lei | 2023/3/30 21:04:59
  • China to resume outbound group tours to 40 more countries from March 15

    China will resume outbound group tours for Chinese citizens to another 40 countries including Nepal, Vietnam, Iran, France, Spain, Italy, Greece and Brazil starting from March 15, China's Ministry of Culture and Tourism announced on Friday. It is the second batch of destinations in China's pilot program for out-bound group tours, after the country resumed cross-border group tours to the first batch of 20 countries and regions on February 6.

    By Li Xuanmin | 2023/3/10 22:14:28
  • China's State Council institution reform plan approved

    China's national legislature on Friday approved a plan on reforming the institutions of the State Council, China's cabinet. With the institution reform, China would gradually establish a more unified, open market system with orderly competition, laying the institutional foundation for the country's ongoing push to build a unified national market, which is deemed key in accelerating the dual circulation development pattern, deputies and members said at the ongoing two sessions.

    By Li Xuanmin and Chi Jinyi | 2023/3/10 9:11:56
  • Blossom of Zhanggezhuang cherries offers a snapshot of China's rural revitalization

    Zhang Huichen, a cherry farmer in her 30s in Zhanggezhuang Township, East China's Shandong Province, is adjusting the temperature and humidity of a cherry greenhouse through her smartphone on Monday. With a press in the button, the aster cloth slowly scrolls down, shielding her cherry plants from the scorching midday sun.

    By Li Xuanmin in Yantai | 2023/3/8 19:51:19
  • Global four major iron ore producers sign contracts with Chinese ports on business involving spot trade yuan settlement

    Global mining firm BHP has signed contracts with Shandong ports, which account for roughly one fourth of China's annual iron ore throughput, on settling the spot trade of iron ore yuan this year, the Global Times learned. As such, all the global four major iron ore producers are now cooperating with the Chinese ports to settle spot trade in yuan.

    By Li Xuanmin in Qingdao | 2023/3/3 14:21:37
  • Shandong ports, important nodes witnessing BRI growth, open logistic corridor

    This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates China's vision and provides solutions for the reformation of the global governance system and other multifaceted challenges. Reflecting on the development of the BRI over the last decade, there has been no shortage of evidence demonstrating its success, a momentum that relentless Western crackdowns and smears were unable to curtail.

    By Li Xuanmin in Yantai | 2023/3/2 21:00:05
  • Exclusive: Piled containers at Chinese ports 'normal market adjustment;' Hustle and bustle mirrors trade resilience, defies Western doomsayers

    On a chilly Wednesday morning, hundreds of trucks loaded with multi-colored containers queue in front of a 363-meter-long ship docked at a terminal at the Qingdao port, East China's Shandong Province, forming a line that stretches for more than 200 meters.

    By Li Xuanmin in Qingdao | 2023/3/1 21:53:24
  • Chinese port eyes container business pivoting to Southeast Asia as bilateral trade maintains steady growth after RCEP takes effect

    Trade connectivity between China and Southeast Asian economies has been maintaining steady growth momentum in 2023, about a year after the implementation of the Regional Comprehensive Economic Partnership (RCEP) trade agreement, with fresh port data mirroring a deeply integrated industrial chain among Asian countries and an increasing pivotal role China plays in facilitating an orderly global supply chain.

    By Li Xuanmin in Qingdao | 2023/2/28 22:03:58
  • Exclusive: Australian cotton sales to China increase, as shipments arrive in Qingdao port amid improving ties

    Australian cotton exports to China have resumed in recent days, following the arrival of Australian coking coal in a southern Chinese port in early February, the Global Times learned, amid multiple improving signs in bilateral economic relations. Industry insiders and observers urged the Australian side to seize the momentum, take more substantive moves to repair Chinese traders' confidence and inject more positivity into bilateral cooperation.

    By Li Xuanmin in Qingdao | 2023/2/27 20:01:57
  • Crisis accentuates rising calls to end animosity as Russia-Ukraine conflict enters 2nd year

    On Friday, the Russia-Ukraine military conflict dragged on to its one year mark with no positive sign of a truce in sight. With the conflict not only profoundly changing geopolitics in the European continent and the world, but also redefining countries' notions on security, the majority of the international community is calling on all parties to press the stop button and urging some countries to stop adding fuel to the fire before a heavier impact is brought to the global economy and development.

    By Liu Xin and Li Xuanmin | 2023/2/24 23:11:37
  • Hong Kong in crypto rush, with financial firms setting sight on new opportunities

    A 30-something Hong Kong resident surnamed Zhang has been caught in a crypto heat in recent months.

    By Li Xuanmin | 2023/2/23 19:43:57
  • Hong Kong solicits public opinion on virtual assets trading

    Hong Kong has launched a consultation on the proposals for operators of virtual asset trading platforms (VATPs), and it is "seeking views particularly on whether to allow licensed platform operators to serve retail investors," the Securities and Futures Commission (SFC) said in a statement sent to the Global Times on Tuesday.

    By Li Xuanmin | 2023/2/21 23:11:14
  • China officially implements across-the-board registration-based IPO system, a milestone in capital market reform

    China on Friday announced a detailed mechanism and regulations for a registration-based IPO system across the A-share market. The new rules are effective immediately, signaling the official implementation of the across-the-board registration-based IPOs system that observers hail as a milestone in the development of China's capital market reform.

    By Li Xuanmin and Qi Xijia | 2023/2/17 22:38:30
  • China, Ecuador conclude FTA negotiation; both sides will strive to sign the deal as soon as possible: MOFCOM

    China has concluded free trade agreement (FTA) negotiation with Ecuador on Thursday, and the two sides will continue following works involving legal document review, translation, and implement domestic procedures needed by each country to sign the FTA as soon as possible, according to a statement on the website of China's Ministry of Commerce (MOFCOM) on Friday.

    By Li Xuanmin | 2023/2/17 18:36:07
  • Searches for Maldives trips double on Chinese travel platforms after visa-waiver agreement takes effect

    Searches for trips to Maldives have doubled on major Chinese travel platforms on Friday, after the visa-waiver agreement between China and Maldives officially took effect the same day, the Global Times learned. It's a vivid display of the steady recovery of once the world's largest outbound travel market - fueled by Chinese tourists' pent-up enthusiasm and rising consumption power.

    By Li Xuanmin | 2023/2/17 16:17:59
  • BRI's green push to send 'a powerful message to the world' amid climate fight: NDB vice president

    Editor's Note: This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates China's vision and provides solutions to the reform of the global governance system and multifaceted 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 the initiative has earned global recognition and reshaped global development. This is the first installment in the series.

    By Li Xuanmin | 2023/2/16 17:34:12
  • Path of agricultural modernization with Chinese characteristics emphasizes self-sufficiency, common prosperity

    China will strive to shore up food security and mull more targeted moves to prevent a large-scale return to impoverishment in the countryside, Chinese officials said on Tuesday, as the world's second largest economy vowed an all-out effort to bolster farmers and make it a "strong agricultural nation."

    By Li Xuanmin | 2023/2/14 18:49:11
  • China expresses strong opposition to US escalating manipulation of airship incident

    China expressed strong opposition and dissatisfaction toward a bill passed by the US Congress concerning the airship incident, which is purely a political manipulation by the US, a Chinese Foreign Ministry spokesperson said on Friday.

    By Chen Qingqing and Li Xuanmin | 2023/2/10 18:40:04
  • A boom city built on electric batteries

    Once known as the “golden fault zone” along the southeastern coast of China, Ningde, East China's Fujian Province, has grown from an economic laggard to become a modern and rich city leading the world in lithium-ion battery manufacturing by riding on the boom of China's electric vehicle (EV) industry amid the country's push for greener mobility.

    By Zhang Hongpei and Li Xuanmin | 2023/2/8 21:07:13
  • White paper showcases China's firm resolve in green devt in new era

    China on Thursday released a white paper on its green development in the new era, elaborating on how the country has stayed firmly committed to green development, proactively participated in global climate governance and spearheaded international cooperation.

    By Li Xuanmin and Fan Anqi | 2023/1/19 22:09:45
  • China's GDP grows 3% to top 120tln yuan in 2022, set to continue serving as the world's stabilizer, locomotive for the world

    China's GDP expanded 3 percent year-on-year to 121 trillion yuan ($17.93 trillion) in 2022, maintaining a stable expansion as the world's second-largest economy navigated uncharted waters and surmounted headwinds - ranging from the coronavirus and geopolitical tensions to interest rate hikes and waning overseas demand - with an overwhelming fighting spirit..

    By Li Xuanmin and Zhang Hongpei | 2023/1/17 10:00:26
  • As BRI enters 10th year of development, China-Europe freight train set to see 'explosive growth' in 2023

    Standing on this monumental juncture, the Global Times is publishing a series of articles to help readers understand the fruitful journey of the BRI over the last decade from multiple perspectives, and how the initiative will positively commence over the year. This is the first installment in the series, examining the impressive development of the China-Europe freight train.

    By Tao Mingyang in Erenhot, Li Xuanmin and Yin Yeping in Beijing | 2023/1/12 20:44:39
  • Phase-1 of Africa CDC center project completed thanks to deepened BRI cooperation

    The phase one of the Africa Center for Disease Control and Prevention (CDC) headquarters, a China-aided project, was completed on Wednesday, with Chinese Foreign Minister Qin Gang - who's on a seven-day visit to Africa - and Moussa Faki Mahamat, African Union Commission chairperson, attending the ceremony.

    By Li Xuanmin | 2023/1/11 20:46:52
  • Foxconn Zhengzhou plant's production, shipments recover

    Foxconn's Zhengzhou plant in Central China's Henan Province, the largest manufacturing base for Apple's iPhone, has rapidly recovered and it achieved about 90 percent of its anticipated peak capacity in December, Foxconn confirmed to the Global Times on Tuesday.

    By Shen Weiduo and Li Xuanmin | 2023/1/3 19:42:45
  • US turns to 'entity list' again after running short of cards against China's chip rise

    The US added three dozen Chinese high-tech companies to a trade blacklist that bars them from accessing US technologies and components, in what experts called a "last-ditch" effort after many cards previously played by the Biden administration did not achieve the expected effects in hobbling China's semiconductor industry.

    By Xie Jun and Li Xuanmin | 2022/12/16 22:40:17
  • China, EU forging symbiotic growth, says Commerce Ministry, as Michel's visit signals bloc's shift toward pragmatism

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

    By Chu Daye and Li Xuanmin | 2022/12/1 21:01:33
  • UK won't be 'stupid' to cut off Chinese investment: British politician

    The relations between China and the UK are at a crossroads after UK Prime Minister Rishi Sunak announced in his first foreign policy speech on Monday that the "golden era" of UK-China relations is over. Calls for a potential decoupling with China are on the rise among British politicians, which is particular evident in the high-tech sectors such as semiconductors and nuclear power. The Global Times (GT) recently conducted in an interview with Lord Neil Davidson (Lord Davidson), Shadow Treasury Minister for the Labour Party of the UK and member of the House of Lords, who shared his insights on the China-UK relations, UK's policy direction toward China and the development of China-propsed Belt and Road Initiative within the European bloc.

    By Li Xuanmin | 2022/11/30 22:23:06
  • Netherlands signals it won't follow US' chip ban on China, move set to bolster Japan, South Korea's resistance to Washington

    The Netherlands will defend its economic interests when it comes to the sales of chip equipment to China, a senior Dutch official said, sending a strong signal that the European country - home to world-leading chip company ASML - will not cave in to the US coercion despite the latter's stepped-up pressure.

    By Li Xuanmin | 2022/11/23 19:34:07
  • Some requests of Blizzard during license renewal negotiations 'unacceptable': Netease CEO

    Some requests of Blizzard Entertainment in renewing its license contract are "unacceptable," as it involves critical cooperation agreement concerning sustainable operation and the core interests of Chinese players and market, Netease CEO William Ding Lei said, in response to the ending of the two gaming giants' 14-year licensing agreement.

    By Li Xuanmin | 2022/11/21 14:18:53
  • Chinese NEV-makers spearhead into SEA with affordable models, aiming to unseat dominant Japanese players

    Chinese new-energy vehicles (NEV) companies have been spearheading into Southeast Asia (SEA) at an unprecedented speed since the beginning of the year, from exporting NEVs, setting up assembling factories to providing localized services. In a vehicle market historically dominated by Japanese automakers, things could be quite different now, as Chinese entrants are reshaping the competitive landscape with a variety of affordable, high-tech EV models.

    By Li Xuanmin | 2022/11/20 18:01:13
  • Chinese NEV maker BYD delivers 3 million units as of Nov 16, demonstrating China's auto manufacturing prowess

    Chinese new-energy vehicle (NEV) company BYD announced on Wednesday that it has produced and delivered 3 million NEVs, making it one of the first automakers in the world to hit this sales milestone, which speaks volume for China's auto manufacturing prowess and the country's accelerated push toward a greener economy.

    By Li Xuanmin in Shenzhen | 2022/11/17 13:56:52
  • China-Indonesia relations embark on a speedy ride

    With a highly-anticipated meeting between Chinese President Xi Jinping and Indonesian President Joko Widodo on the sidelines of the G20 summit in Bali on Wednesday, the two countries' vision to build a community with a shared future is set to embark on a speedy ride, heading toward a new era of Belt and Road Initiative (BRI) cooperation between China and Indonesia - also an important node where Xi in 2013 proposed the 21st Century Maritime Silk Road.

    By Wang Cong, Bai Yunyi in Bali and Li Xuanmin in Beijing | 2022/11/17 0:56:12
  • China-Cambodia time-honored friendship bears fruits in agricultural cooperation and beyond

    At Pailin province in western Cambodia, local farmers have come to their busiest time of the year as the harvest time of longan has just begun in October and can last until May next year. Different from any other time, Pailin, the country's major production base for longan, has secured big orders against the backdrop of a new deal inked between China and Cambodia on October 27, marking the official debut of Cambodian longan export to China, its largest market for agricultural products, after banana and mango.

    By Yin Yeping and Li Xuanmin | 2022/11/10 21:12:20
  • BRI to remain bedrock for diversified, stable international trade relations: experts

    Editor's Note: Over the past 10 years, China has implemented a more active opening-up strategy, and the Belt and Road Initiative (BRI) has offered a popular platform for international cooperation. The joint construction of BRI spans different regions, development stages, and civilizations. China has signed over 200 Belt and Road cooperation documents with more than 140 countries, and more than 30 international organizations. In contrast with the growing voices for decoupling and unilateralism created by the US, the BRI, which advocates global cooperation and prosperity under a shared future, has provided a platform to boost living standards and foster unity, and has gained unprecedented recognition and has been embraced by countries around the world. As the initiative is set to welcome its 10-year anniversary next year, by reaching out to several industry experts and representatives, Global Times reporters tried to find what has made the initiative stronger and more popular worldwide, despite challenges.

    By Yin Yeping and Li Xuanmin | 2022/10/20 22:48:23
  • China to march toward modernization, set to overcome headwinds with institutional advantage

    For a world that is navigating its way through the fogs of escalating geopolitical tensions, runaway inflation, a raging COVID-19 pandemic, and potentially ruinous recession, the monumental opening of the 20th National Congress of the Communist Party of China (CPC), a twice-in-a-decade political gathering that opened in Beijing on Sunday, is set to disperse these mists and light up the road ahead.

    By Li Xuanmin | 2022/10/17 23:16:11
  • US waiver for Chinese alloy on F-35 jets exposes dependence on rare-earth products from China

    With a waiver allowing alloy of Chinese origins to continue to be used on F-35 fighter jets, the US military has exposed its dependence on Chinese rare-earth products, and China can opt to limit the export of such strategic resources to safeguard its national security, analysts said on Sunday.

    By Liu Xuanzun and Li Xuanmin | 2022/10/9 23:46:43
  • Rising US dollar boomerangs on world economy by ballooning import costs and increasing global debt burden

    Ahead of the US Federal Reserve's upcoming meeting this week, during which market observers generally believe that a fifth interest rate hike this year will be announced, discussions flared up again as to how the strengthening dollar is boomeranging on the US and throwing the world into fears of recession.

    By Xie Jun and Li Xuanmin | 2022/9/20 20:29:06
  • China to safeguard stability of industrial, supply chains: Xi

    President Xi Jinping said China is willing to work with other countries to build a global industrial and supply chain system that is secure, stable, smooth, efficient, open, inclusive and mutually beneficial, according to a congratulatory letter the top leader sent to an international forum on supply chain stability on Monday.

    By Li Xuanmin | 2022/9/19 22:16:19
  • China-Kyrgyzstan-Uzbekistan railway to open 'southern Eurasia corridor,'facilitates BRI cooperation with Central Asia: analysts

    A cooperation agreement on the China-Kyrgyzstan-Uzbekistan (CKU) railway construction project could reportedly be signed at the Shanghai Cooperation Organization (SCO) summit held from Thursday to Friday in Samarkand, Uzbekistan, marking new groundbreaking moment in the development of the long-anticipated rail line after nearly 20 years of negotiation.

    By Li Xuanmin | 2022/9/15 22:27:07
  • Xi's Kazakhstan visit a monumental reflection on BRI cooperation between China and Central Asia

    Chinese President Xi Jinping on Wednesday began official visit to Kazakhstan - the country in which the Belt and Road Initiative (BRI) was first proposed back to 2013, and Uzbekistan, and will attend the Shanghai Cooperation Organization (SCO) summit.

    By Li Xuanmin | 2022/9/14 20:51:31
  • 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 metaverse-themed experience halls - crowded with tech-savvy visitors as well as passionate technocrats and entrepreneurs - at virtually every global event hosted in China.

    By Li Xuanmin and Li Qiaoyi | 2022/9/2 17:57:32
  • Digital trade rises as new growth engine of BRI cooperation

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

    By Chu Daye and Li Xuanmin | 2022/9/1 20:30:06
  • Chinese netizens pay tribute to Kazuo Inamori, a broadly respected business management master

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

    By Chu Daye and Li Xuanmin | 2022/8/30 23:14:45
  • Foreign business groups welcome China's simplified cross-border travel arrangement

    Foreign business representatives and industry groups welcomed a simplified cross-border travel process for personnel exchanges as the Chinese government has ramped up efforts to make it easier for business people and students to enter China.

    By Yin Yeping and Li Xuanmin | 2022/8/25 22:46:06
  • South Korea expected to make pragmatic decision on BRI as initiative set to align with its economic plan, facilitate third-market cooperation

    As Wednesday marks the 30th anniversary of the establishment of diplomatic ties between China and South Korea, scholars and entrepreneurs have expressed high hopes that the Yoon Suk-yeol government - building on the momentum of "flourishing business ties" - will join the Belt and Road Initiative (BRI), which they believe will be synergized with South Korea's economic blueprint in creating a cross-continental Eurasian logistics network, while facilitating deeper integration of high-tech industrial chains, paving the way for the two neighbors' joint exploration of third markets.

    By Li Xuanmin | 2022/8/25 20:32:03
  • Metaverse land price collapse underscores importance of virtual world being tied with the real economy, facilitating digital upgrade: analysts

    Last year, buying prime real estate in the metaverse was a luxury for a 28-year-old investor surnamed Huang, as the craze over the novel and revolutionary technology prompted a host of investors with deep pocket ranging from tech titans, celebrities to entrepreneurs to jump in, shedding limelight on the booming market and making headlines with record-high transaction price.

    By Li Xuanmin | 2022/8/24 18:26:15
  • Taiwan export orders slump amid US-incited tension, DPP hostile policy

    Taiwan's economy will be further impacted due to the geo-political tension provoked by the US and the Democratic Progressive Party (DPP) authorities' secessionist policy to unwisely undermine the island's trade ties with the Chinese mainland, said analysts on Tuesday, as the latest data showed that the island's export orders saw a surprise decline in July.

    By Yang Sheng, Wang Qi and Li Xuanmin | 2022/8/23 21:29:30
  • China's Luban Workshop creates a pool of skilled workers for developing countries, injects vitality into local economies

    Near the bustling Djibouti port, one of the most important ports in Africa, sits a several-square-meter-large Luban Workshop, a Chinese-aided skill and vocational training project. The Luban Workshop is also the African country's first institute of vocational education designated to improve the professional skills of the local workforce.

    By Li Xuanmin in Tianjin | 2022/8/20 13:39:15
  • China thirsty for skilled workers amid industrial upgrade, tech self-sufficiency

    Vocational education has great significance for promoting employment and entrepreneurship, boosting economic and social development, and China actively pushes forward the high-quality development of vocational education, and supports exchanges and cooperation in vocational education with other countries, Chinese President Xi Jinping said in a congratulatory letter to the World Vocational and Technical Education Development Conference on Friday, the first such event of its kind, which is being held in North China's Tianjin Municipality.

    By Li Xuanmin in Tianjin | 2022/8/19 22:21:50
  • Lancang-Mekong Cooperation built on mutual political trust, voluntary participation: Chinese Ambassador to Myanmar

    On July 4, the seventh Lancang-Mekong Cooperation (LMC) Foreign Ministers' Meeting was held in Bagan, Myanmar, Chinese State Councilor and Foreign Minister Wang Yi and Myanmar's Foreign Minister U WunnaMaungLwin co-chaired the meeting. At the meeting, Wang said, the LMC, as the first new sub-regional cooperation mechanism with the participation of the six countries in a basin, has developed rapidly and achieved remarkable results since its launch six years ago, setting a example of regional cooperation.

    By Li Xuanmin | 2022/7/19 19:20:35
  • Sri Lanka to maintain excellent ties with China regardless of change in govt: Ambassador to China

    The intertwined resonance of economic hardship, political turmoil and social crisis has brought Sri Lanka's national governance to the brink of paralysis, with an uncertain start for the new government. However, the international community's concerns about the knock-on effects of the collapse of the country is accompanied by some countries' distorted incitements of ill-timed attempts at geopolitical game playing and the unfounded questioning by some media outlets of China's role.

    By Lin Xiaoyi and Li Xuanmin | 2022/7/18 11:46:32
  • Exclusive: Sri Lanka's ambassador urges his country's largest creditors Asian Development Bank and World Bank to take bigger role in debt restructure

    Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors -the Asian Development Bank (ADB) and the World Bank - are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka's Ambassador to China Palitha Kohona told the Global Times in an exclusive interview on Friday, while also calling for more assistance from partners after the debt-ridden country claimed bankruptcy and imposed a state of emergency amid escalating protests and persisting shortage of daily necessities.

    By Li Xuanmin and Lin Xiaoyi | 2022/7/16 22:09:04
  • Addis Ababa–Djibouti Railway a road to prosperity, BRI boost 'speedy' transformation in Africa in past decade

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

    By Li Xuanmin | 2022/7/14 20:02:30
  • After 25 years, Hong Kong's future lies in the national development blueprint more than ever

    On July 1, the bustling Victoria Harbor will be illuminated with glittering lights, decorating every corner of the metropolis. Across the port stands Hong Kong's iconic modern skyscraper international financial center, where market trading operates 24/7. Looking down from the Lion Rock Hill, the Sham Chun River, which borders Shenzhen on the mainland, is flowing, and Hongkongers are in a joyful mood to mark a special day with eager anticipation for a brighter future.

    By Li Xuanmin and Shen Weiduo | 2022/6/30 19:29:48
  • HK university's new campus in mainland to boost synergy in education, national identity among youth

    The Hong Kong University of Science and Technology (HKUST) will open a new campus in Guangzhou, South China's Guangdong Province, and has recently gained approval from the Ministry of Education (MOE). The move is expected to better integrate quality educational resources of the Hong Kong Special Administrative Region and the Chinese mainland, ahead of the 25th anniversary of Hong Kong's return to the motherland.

    By Fan Anqi and Li Xuanmin | 2022/6/29 12:30:20
  • China's revised anti-monopoly law to take effect on Aug 1, opens a new era of internet economy supervision

    China's top legislative body voted on Friday to adopt amendments to the country's Anti-Monopoly Law, and the new law will take effect on August 1, a revision which has closed certain loopholes in existing regulation in terms of abusing market dominant position while drawing a clearer “bottom line”for private firms on illicit acts that threaten fair market competition.

    By Li Xuanmin and Xiong Xinyi | 2022/6/24 21:15:57
  • BRICS businesses have high hopes for closer trade ties in developing world amid global risks

    With the 14th BRICS Summit to be held on Thursday, business representatives from the bloc of emerging markets have high hopes for the multilateral mechanism to play a significant role in strengthening cooperation not only among its members, particularly trade with Russia and China-India trade, but also the broader developing world amid growing global uncertainties and challenges.

    By Li Xuanmin | 2022/6/21 19:53:10
  • Shanghai's economy contracts in May but decline slows; analysts expect strong rebound in June and second-half of 2022

    Shanghai's economy contracted in May as the fallout of coronavirus epidemic continued to weigh on the city, but the decline of certain key economic indicators slowed down to a large extent, indicating that the key financial and trading center has "endured its darkest hour" and is steadily moving toward a recovery that could pave way for a strong rebound in June and the second-half of 2022.

    By Li Xuanmin | 2022/6/17 16:59:31
  • More virus-hit Chinese firms join livestreaming ahead of mid-year 618 shopping festival, expecting rapid consumer market recovery

    As China's mid-year 618 shopping festival approaches, more Chinese firms who have suffered under the strain of the coronavirus and other economic headwinds, have been jumping on the livestreaming bandwagon to promote product sales, looking to shore up their virus-hit businesses and tapping into the consumer market of the world's second-largest economy -- which is on the path to a rapid reboot.

    By Li Xuanmin | 2022/6/17 14:24:36
  • China issues certification standards for GM crops in major boost for commercialization

    The Ministry of Agriculture and Rural Affairs on Wednesday issued two variety certification standards at the national level for genetically modified (GM) crops, including soybeans and corn, in what industry observers said a significant step in China's legalization of GM crops as the country seeks to further bolster its food security.

    By Li Xuanmin and Chi Jingyi | 2022/6/8 22:29:29
  • China, Tonga are examples of 'building a community with shared future', long-term Chinese investments dwarf US, Australia

    Chinese enterprises' humanitarian aid to South Pacific island nation Tonga in the face of natural disasters and the pandemic has demonstrated the genuine friendship between China and South Pacific countries and given the world an example of building a community with a shared future for mankind, Chinese businesses said, amid Chinese State Councilor and Foreign Minister Wang Yi's ongoing visit to the region.

    By Li Xuanmin | 2022/5/30 20:04:08
  • Chinese businesses in Fiji see pragmatic opportunities in tackling climate change, other sectors

    China and Fiji have a huge potential for pragmatic cooperation in a wide range of areas, including climate change, agriculture and infrastructure, despite geopolitical attempts by certain countries to undermine China-Fiji ties, Chinese businesses and experts said, after Chinese State Councilor and Foreign Minister Wang Yi visited the country over the weekend.

    By Liu Yang and Li Xuanmin | 2022/5/29 21:53:25
  • Coconut farming bridges China-South Pacific friendship, 'most effective way' to improve local people's lives

    For the vast South Pacific countries with abundant tropical resources but lack talent and technology to leverage these resources, external support in the sector is the most efficient way for nations in the region to see timely economic benefits - an effort China has been engaging for years and is now becoming one of pillars for cooperation with some nations in the region.

    By Shen Weiduo and Li Xuanmin | 2022/5/27 19:30:55
  • Special meeting of China's top political advisory body reaffirms support for digital economy

    China will support the sound and sustainable development of the digital economy and support digital enterprises to list in domestic and overseas capital markets, senior Chinese officials said at a closely watched meeting convened by the country's top political advisory body on Tuesday, offering a major boost for internet companies that are facing a complex development environment.

    By Li Xuanmin and Chi Jingyi | 2022/5/17 23:12:46
  • Removing tariffs on Chinese goods 'conducive' to ameliorating US inflation: analysts

    China's stance on US' punitive tariffs is always clear: the duties imposed on Chinese goods should be removed to bring bilateral economic relations to normalcy. Also, eliminating the tariffs will help ameliorate inflation in the US, said analysts.

    By Chi Jingyi and Li Xuanmin | 2022/5/4 22:07:06
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