Wang Cong
Reporter, Beijing
Wang Cong co-leads GT’s business desk. He covers China’s macroeconomic policies and global trade.
LATEST STORIES
  • Opinion: Polls suggest serious trouble for China-Australia economic ties. How long can Albanese ignore it?

    Australia will eventually pay dearly for the irresponsible vicious words and deeds of their leaders. Canberra has already pushed itself into a vicious circle in antagonizing China and Albanese has a real opportunity to pull himself out. But will he? ...

    By Wang Cong | 2022/7/1 2:34:05
  • Opinion: US' trade war with China is a lost cause; Biden has no choice but to end it

    Certainly, under the current toxic political environment in Washington filled with raging anti-China hostility, ending the tariff war means Biden will be crucified by his political opponents, particularly Trump and his former lieutenants who are looking to run for president ...

    By Wang Cong | 2022/5/13 0:18:49
  • Opinion: West must take responsibility for debt crises in emerging economies

    The debt troubles are severe but there are also initiatives and ways to tackle them. For example, the G20 economies have provided support through debt suspension and external debt restructuring to poor and developing countries. China is a leading advocate ...

    By Wang Cong | 2022/4/19 0:04:50
  • Opinion: Threats from US Treasury Secretary against China arrogant, irresponsible

    As the head of the US Treasury Department, which has been imposing numerous types of sanctions against other countries, including Russia, China and some of their allies, Yellen should know better that sanctions and long-arm jurisdictions do not work for ...

    By Wang Cong | 2022/4/14 23:49:59
  • Opinion: India withstood US blackmail over Russia sanctions. What it can learn from that?

    India appears to have successfully foiled an attempt by the US to blackmail the South Asian country into abandoning its energy trade with Russia and joining in the US-led sanctions against Moscow. Having repeatedly threatened with "significant and long-term" consequences ...

    By Wang Cong | 2022/4/13 23:58:53
  • Biden takes victory lap over Russia sanctions but US dollar hegemony shows cracks

    Right now, US elites are complacent thinking no currency can challenge the dollar. They may be right about that. But who says the world has to be dominated by one currency? Would a multi-currency payment system be much safer and ...

    By Wang Cong | 2022/3/17 22:53:13
  • New COVID-19 flare-ups test China's economic recovery in 2022

    Concerns, genuine or otherwise, were already growing over the downward pressure of the Chinese economy in 2022, then a new severe wave of COVID-19 infections in several major cities, including the spread of the more transmissible Omicron variant, sparked a ...

    By Wang Cong | 2022/1/10 20:09:49
  • Chinese companies turn table on US' financial decoupling push

    Jim Cramer, the famed financial commentator on the US business news network CNBC who usually has plenty of recommendations for stock picks even during periods of financial crisis (He once said Bear Stearns was in good shape right ...

    By Wang Cong | 2022/1/6 19:37:05
  • GT Exclusive: Chinese firm sues Sri Lanka in dispute over $49.7m fertilizer deal

    A ship loaded with 20,000 tons of fertilizer from Shandong-based producer Seawin Biotech meant for export to Sri Lanka is on its way back after failing to reach any constructive agreement with Sri Lanka, despite relentless efforts to solve the ...

    By Wang Cong and Yin Yeping | 2021/12/7 22:38:39
  • Omicron lays bare US' fragile economic recovery, China's resilience

    If there was still any question about China's solid economic resilience or the US' fragile economic recovery from the COVID-19 pandemic, the two countries' vastly different reactions to the emergence of the Omicron variant should offer an unmistakable answer.

    By Wang Cong | 2021/12/2 21:51:13
  • Biden's dilemma in the US' failed trade war on China

    US President Joe Biden is far from recovering from a disastrous military withdrawal from Afghanistan that was set in motion before he took over the White House, and he is now facing a dilemma over another lost cause started by ...

    By Wang Cong | 2021/11/18 20:23:39
  • White House can't have it both ways in trade with China

    After months of what his administration called a review period on its trade policy toward China, US President Joe Biden appears poised to make some adjustments to his predecessor Donald Trump's toxic China trade policy.

    By Wang Cong | 2021/11/11 19:28:39
  • Facing a domestic mess, Biden's viable option is to remove tariffs

    After a week of diplomacy in Europe, where he had to apologize to world leaders for his predecessor's decision to withdraw from the Paris climate pact, US President Joe Biden returned to Washington on Wednesday to face what some call ...

    By Wang Cong | 2021/11/4 19:58:39
  • China-Germany business ties in jeopardy as Merkel makes exit?

    German Chancellor Angela Merkel received her discharge papers on Tuesday, formally marking the conclusion of her 16-year reign as Chancellor. An iconic figure on the global stage, Merkel has been largely praised by world leaders. Within the EU, where she ...

    By Wang Cong | 2021/10/28 19:28:39
  • Swift response to power shortage shows China's institutional strength

    Even as the deadly COVID-19 pandemic remains a severe challenge, another crisis – one that can also be deadly and just as intricate and difficult to tackle – is emerging. Ahead of a rapidly approaching Northern Hemisphere winter, many parts ...

    By Wang Cong | 2021/10/21 21:29:00
  • Time for EU to move forward with ratification of CAI with China

    After a period of turbulence in bilateral relations, China and the EU appear to be ramping up diplomatic communication and exchanges.

    By Wang Cong | 2021/10/14 21:18:06
  • AUKUS is the wake-up call the EU needs

    Following several days of belligerent claims and counterclaims between France and the US over what French officials called a stab in the back in the form of a new agreement among the US, the UK and Australia known as AUKUS, ...

    By Wang Cong | 2021/9/23 20:03:39
  • China ought to reduce US Treasury holdings to allay risks

    A week ago, Chinese and US leaders held a phone call that injected some positive sentiment into what have otherwise been rapidly deteriorating China-US relations. Nevertheless, the US government seems to continue to provoke China on some issues related ...

    By Wang Cong | 2021/9/16 19:53:40
  • Ending Afghan war won't give US extra strength against China

    After a chaotic and deadly evacuation debacle, the US' 20-year war in Afghanistan ended in disgrace and defeat. Political finger-pointing and calls for refection and accountability were seen and heard in the US.

    By Wang Cong | 2021/9/2 21:14:38
  • If the Taliban seek to 'build Afghanistan,' the BRI may be key

    With the chaotic evacuation of the US and its allies from the Kabul airport still underway and profound political and security uncertainty still hanging over the country, it is difficult and may even be premature at this moment to envision ...

    By Wang Cong | 2021/8/26 20:03:40
  • How China achieves, sustains victory in fight against extreme poverty, toward common prosperity under CPC

    On July 1, China declared that it has reached its first centenary development goal - building a moderately prosperous society, or xiaokang, in all respects and is marching in confident strides toward the second centennial goal of building the nation ...

    By Wang Cong and Shen Weiduo | 2021/8/19 20:26:52
  • What does China's 'common prosperity' mean for foreign firms?

    As Chinese regulators mount a broad and swift crackdown on monopolistic and other illegal practices in several sectors, including internet and after-school tutoring, many questions have been raised: Is this a short-term trend or a lasting theme for China's regulatory ...

    By Wang Cong | 2021/8/19 20:08:39
  • Alibaba's crisis offers sobering lesson for foreign firms in China

    There is no better phrase to describe what China's e-commerce giant Alibaba Group is going through than a popular Chinese idiom: Misfortunes never come alone.

    By Wang Cong | 2021/8/12 17:03:40
  • Post-Merkel China-Germany economic ties in focus, 5G to be key testing ground

    As veteran German leader Angela Merkel plans to step down in a few weeks, the future of the massive China-Germany economic and trade relationship could enter a period of uncertainty with very different views and rhetoric coming out from German ...

    By Wang Cong and Shen Weiduo | 2021/8/10 20:18:39
  • China is not shutting down internet firms as some foreign media suggest

    A media report that sharply criticized the vast online gaming industry over adverse effect on the population continues to send shockwaves through financial markets as well as influencing the public conversation.

    By Wang Cong | 2021/8/5 19:28:40
  • New coronavirus outbreak poses economic challenges, recovery to remain intact

    A new wave of COVID-19 infections in numerous places across China has prompted swift anti-virus efforts by officials, including shutting down tourist attractions and imposing travel restrictions, raising concerns over potentially profound disruptions to China's hard-won, robust economic recovery in ...

    By Wang Cong and Tao Mingyang | 2021/8/3 20:18:40
  • Natural disasters and China's economic resilience

    The record rainfall and deadly floods over the past several days in Zhengzhou, Central China's Henan Province have triggered China into a crisis management mode. As of Thursday noon, the situation remains dire in Zhengzhou and elsewhere in the province, ...

    By Wang Cong | 2021/7/22 22:03:39
  • China, Russia need to bolster trade to match ever close bilateral ties

    How close China and Russia are in terms of diplomatic ties? Chinese State Councilor and Foreign Minister Wang Yi has described the two nations as better than allies.

    By Wang Cong | 2021/7/15 21:08:44
  • China's battle against monopoly, cybersecurity risks just getting started

    Chinese regulators' swift actions against Didi Chuxing this week unleashed quite a shock wave through the financial market and the vast domestic digital economy. Since the first action - a cybersecurity review - on July 2, the online ride-hailing giant's ...

    By Wang Cong | 2021/7/8 21:33:41
  • Xi declares completion of moderately prosperous society

    At a grand ceremony to mark the 100th anniversary of the founding of the CPC, President Xi Jinping declared the completion of building China into a moderately prosperous society in all respects – an achievement in social and economic development ...

    By Wang Cong and Tu Lei | 2021/7/1 8:27:36
  • China hits back at US competition bill

    China on Wednesday harshly criticized the US Senate's passing of an innovation and competition bill, saying that the legislation is full of Cold War mentality, grossly interferes in China's internal affairs and is doomed to fail, urging Washington to halt ...

    By Wang Cong | 2021/6/9 21:40:27
  • China-CEEC cooperation forges ahead amid noises

    China on Tuesday kicked off a major trade expo aimed at boosting trade with Central and Eastern European Countries (CEEC) with widespread participation by heads of state and businesses from the region, shrugging off recent disruptions and noise instigated by ...

    By Chu Daye in Ningbo, Wang Cong and Yu Jincui in Beijing | 2021/6/8 23:13:39
  • Biden team resorts to confrontation to 'cover declining confidence, failed governance'

    On surface, the Biden administration stresses "competition", instead of confrontation pursued by its predecessors, but the US is actually becoming more hostile as it hypes the issue of the COVID-19 origin to stigmatize China again, with Chinese experts warning that ...

    By Yang Sheng, Wang Cong and Zhang Han | 2021/5/28 0:28:39
  • Tariffs could be next on agenda after China, US hold first Biden-era call over trade

    Chinese and US senior trade officials on Thursday held what both sides described as "candid" discussions in their first phone call since US President Joe Biden took office, sending a positive signal that the world's two biggest economies are restarting ...

    By Shen Weiduo, Yang Kunyi and Wang Cong | 2021/5/27 20:23:39
  • Calls rise for better data protection

    As China seeks to bolster its world-leading big data industry, which has transformed businesses and people's daily lives, there are calls for more efforts to protect data security. In addition to increasing investment in security, regulations are needed to ensure ...

    By Chi Jingyi in Guiyang and Wang Cong in Beijing | 2021/5/26 21:58:39
  • Wellington faces pressure from US, but shouldn't sacrifice its interests: analysts

    China's Foreign Ministry on Tuesday praised China-New Zealand bilateral relations based on mutual respect and interests and urged the country to shrug off external disruptions to jointly advance the relationship and expand areas of cooperation, after the New Zealand Foreign ...

    By Wang Cong and Fan Anqi | 2021/5/25 22:23:39
  • China sends global commodity prices down; Australian iron ore exports hit hard

    Industrial commodity prices extended sharp losses on Monday both in China and abroad, after officials in China, the world's factory floor and largest consumer of raw materials, intensified a top-down campaign to rein in runaway prices that have already exerted ...

    By Wang Cong and Yin Yeping | 2021/5/24 23:17:32
  • With China-Russia ties at 'best in history,' trade still needs a boost to ensure security

    China and Russia are seeking to further bolster the security of their financial and trade relations to fend off threats posed by some “unfriendly” countries, officials said on Tuesday, in an apparent reference to the US and a few Western ...

    By Wang Cong | 2021/3/23 20:13:40
  • As US wields sticks, China, Russia to counter dollar hegemony

    As Russian Foreign Minister Sergei Lavrov started a two-day trip to China on Monday, days after senior Chinese and US officials clashed openly during a bilateral meeting, a major topic in talks with Chinese State Councilor and Foreign Minister Wang ...

    By Wang Cong | 2021/3/22 20:23:39
  • After China-US confrontational talks, eyes turn to trade for possible cooperation

    After the world saw what has been characterized as an unprecedented open confrontation between China and the US, many in the business world are turning their eyes to trade in the hope of possible cooperation, as the two biggest economic ...

    By Wang Cong | 2021/3/19 20:43:59
  • US crackdown on Chinese firms dims hopes for future trade engagement

    In a move apparently timed to strike a tough tone ahead of a key dialogue on Thursday, the US government took a couple of moves against Chinese telecommunication companies, continuing a Trump-era crackdown on Chinese firms that has drawn ire ...

    By Wang Cong and Shen Weiduo | 2021/3/18 22:43:39
  • China shrugs off US sanctions over HK, set to insist on core stances in Alaska

    As the world turns its eyes to a critical high-level meeting between senior Chinese and US officials, the US picked up a signature Trump era strategy of wielding the stick ahead of talks by issuing sanctions against two dozen Chinese ...

    By Yang Sheng, Chen Qingqing and Wang Cong | 2021/3/17 16:27:50
  • Instigated attacks in Myanmar reveal new risk for Chinese firms overseas

    Since neighboring Myanmar plunged into a political crisis, China has strictly observed its long-standing diplomatic tradition of noninterference into other countries' internal affairs and advocacy for peaceful resolution of conflicts. However, many Western governments and political activists have been inclined, ...

    By Wang Cong | 2021/3/16 23:28:18
  • China moves swiftly to rein in problematic online sector

    Chinese market regulators moved swiftly to crack down on illegal activities in the country's burgeoning online e-commerce platforms by releasing a series of probes and directives on Tuesday, a day after a widely watched television show exposed a litany of ...

    By Wang Cong | 2021/3/16 21:08:39
  • Tariffs and trade war to be 'definitely' covered in China-US high-level dialogue

    Trade issues, particularly the lingering tariffs war, will “definitely” be on the agenda for the first China-US high-level official dialogue since Joe Biden took over the White House – but any concrete outcome is unlikely as the focus will likely ...

    By Wang Cong | 2021/3/14 18:33:40
  • Stock slump highlights China's focus on de-risking

    A senior official from China's central bank on Wednesday reiterated that the country will ensure "continuity and stability" in macro policies for 2021, in an apparent bid to calm worries over the potential normalization of monetary and fiscal support, given ...

    By Wang Cong | 2021/3/10 21:41:02
  • China sets 2021 growth target at above 6%, shows post-COVID confidence

    China announced on Friday a growth target of over 6 percent for its economy for 2021, picking up the decades-long tradition of releasing a numeric goal after skipping it in 2020 due to the COVID-19 pandemic, showcasing top policymakers' solid ...

    By Wang Cong | 2021/3/5 9:09:33
  • Two sessions begin, showcase China's 'institutionalized substantial democracy'

    China has formally entered the annual "two sessions" time Thursday as the country's top political advisory body Chinese People's Political Consultative Conference (CPPCC) kicked off. The National People's Congress (NPC), the top legislative body, will start Friday.

    By Yang Sheng, Cao Siqi and Wang Cong | 2021/3/5 0:02:59
  • Rising calls for EU-style financial 'passporting' in Greater Bay Area

    Top Chinese legislators and political advisors are calling for the country to set up an EU-style "passporting" mechanism for financial services in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to allow seamless integration among Hong Kong and Macao special administrative ...

    By Yang Kunyi and Wang Cong | 2021/3/4 20:13:39
  • China ushers in two sessions time

    Top political advisory body held its first press conference on Wednesday ahead of its annual sessions, which means China has officially ushered in “two session” time. The country's annual top political event carries extra weight this year, as China moves ...

    By Chen Qingqing, Wang Cong and Cao Siqi | 2021/3/3 23:23:39
  • Two sessions to set bold economic vision

    As thousands of China's top legislators and political advisors prepare to convene in Beijing later this week for the annual two sessions, they are tasked to review and discuss various policy priorities and sweeping development plans designed to further lift ...

    By Wang Cong | 2021/3/2 21:56:40
  • HK-based deputies, political advisors to focus on economic integration at two sessions

    With many Hong Kong-based deputies to the national legislature and members of the top political advisory body set to attend the upcoming two sessions in Beijing, they are bringing a flurry of proposals and suggestions focused on further boosting economic ...

    By Wang Cong | 2021/2/28 21:03:40
  • US business group must drop false accusations against China

    The US Chamber of Commerce on Wednesday issued a report addressing the China-US economic relationship, warning hundreds of billions of dollars in potential losses for US businesses if a decoupling were to take place but also repeating accusations of China's ...

    By Wang Cong | 2021/2/18 21:06:08
  • US snowstorm raises concerns over China's oil purchases

    A massive winter storm in the middle swath of the US forced closures at some refineries and oil fields which drove up crude prices, raising concerns of a potential impact on China's purchases of US oil covered in the phase ...

    By Wang Cong | 2021/2/17 21:53:39
  • Chinese tech firms 'cautious' over Biden's 'extreme competition' remark

    After US President Joe Biden warned of "extreme competition" with China, while also making clear that he would not pursue the same path his predecessor Donald Trump took, many in China's technological arena took that as a clear sign that ...

    By Wang Cong and Li Xuanmin | 2021/2/8 21:12:02
  • Sales boom points to more relaxed, happier Chinese New Year

    Around this time last year, China was brought to a virtual standstill by the novel coronavirus, with widespread business shutdowns and millions of consumers trapped at home. This year, cascading wave of people rushing to local markets and online shopping ...

    By Wang Cong | 2021/2/4 19:08:09
  • Chinese to stage a shopping spree as Spring Festival approaches

    For years, China has been known as the factory of the world. That has not changed, especially during the COVID-19 pandemic, when China supplied everything from personal protective gear to daily goods for countries around the world. But as China ...

    By Wang Cong | 2021/2/3 19:24:05
  • China signals compartmentalizing trade from politics with US

    China on Tuesday struck a notably positive tone over economic and trade issues with the US, with the country's top diplomat reiterating China's openness to US businesses and broader cooperation, as the new US administration maintains a tough tone but ...

    By Wang Cong | 2021/2/2 21:43:39
  • HKSAR must prepare for lingering China-US tensions: official

    Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam Cheng Yuet-ngor on Monday defended the national security law for the city as a stabilizing force that creates a stable and safe environment for businesses, while harshly criticizing the US ...

    By Wang Cong | 2021/2/1 21:23:39
  • Who are Australia trade officials trying to fool with publicity stunt?

    Australia appears to be pulling another publicity stunt. In a recent interview, the newly installed Australian Trade Minister Dan Tehan said that he had written a "detailed" letter to his Chinese counterpart in which he expresses hope that they could ...

    By Wang Cong | 2021/2/1 0:54:56
  • Xi praises Lam, sets fundamental tone for HK

    In a rare move, the Hong Kong Special Administrative Region (HKSAR) government chief Carrie Lam reported her work to Chinese President Xi Jinping via a videoconference on Wednesday - the first time since the city returned to the motherland in ...

    By Chen Qingqing and Wang Cong | 2021/1/27 23:38:37
  • Xi praises Lam, boosts Hong Kong's morale to deal with challenges

    Chinese President Xi Jinping on Wednesday heard the annual duty report from Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam Cheng Yuet-ngor via video link, praising Lam on her "firm stand" on major issues such as national security, ...

    By Wang Cong and Chen Qingqing | 2021/1/27 19:17:44
  • Biden calls for patience with China, but lifting tariffs would be an important, much-needed start

    Since taking over the White House, US President Joe Biden has kept his focus on pressing domestic issues and reversing a slew of actions taken by his predecessor Donald Trump, which is understandable given the confluence of crises the US ...

    By Wang Cong | 2021/1/26 23:45:38
  • China urges Biden to correct Trump policy, as US sends negative signals

    China on Tuesday called on the new administration of US President Joe Biden to reverse what officials called the "wrong policies" toward China under former president Donald Trump, and instead take a positive and constructive approach to pull bilateral ties ...

    By Yang Sheng, Wang Cong and Li Xuanmin | 2021/1/26 22:05:44
  • Xi champions multilateralism at Davos, takes aim at US policies

    Addressing the World Economic Forum on Monday night, Chinese President Xi Jinping delivered a stern repudiation of bullying tactics, ideological prejudice and hatred as well as economic decoupling and sanctions, which he warned could push the world into division and ...

    By Wang Cong | 2021/1/25 23:51:40
  • Local GDP targets point to sustained recovery in 2021

    Even as clusters of COVID-19 outbreaks in several places across the country renewed worry over potential disruptions to economic activities, many provinces, municipalities and autonomous regions have recently moved to continue a long-running tradition of setting an annual GDP growth ...

    By Wang Cong | 2021/1/24 21:18:39
  • China cautious over Biden nominees' 'tough' rhetoric

    Chinese experts remain cautious over the relatively tough policy stances toward China aired by several of incoming US President Joe Biden's cabinet minister nominees, saying that the harsh rhetoric on trade and other issues will persist under the new US ...

    By Wang Cong | 2021/1/20 17:23:40
  • Xi to address Davos forum as world seeks to recover from COVID-19, US unilateralism

    Chinese President Xi Jinping will attend the Davos Agenda of the World Economic Forum (WEF) and deliver a speech via video link on January 25, the Chinese Foreign Ministry announced on Tuesday, marking the first major diplomatic event of the ...

    By Wang Cong and Chen Qingqing | 2021/1/19 19:52:42
  • China-US trade ties at turning point as world awaits new teams' contact

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

    By Wang Cong and Li Qiaoyi | 2021/1/15 13:10:53
  • One year since trade agreement, positive signs emerge for China-US ties ahead of US power transfer

    Just days ahead of a power transfer in the US, several positive signs - from solid progress for the phase one trade agreement, encouraging words from China's top leader, to news of potential engagement between Chinese officials and the new ...

    By Wang Cong | 2021/1/14 20:19:54
  • Chinese telco shares rally in defiance over US delisting

    Shares of three Chinese telecom giants rallied in Hong Kong on Monday, surging as much as about 6 percent, in what appears to be a defiant move by investors in the three firms, following a US move to delist them ...

    By Wang Cong | 2021/1/11 21:43:40
  • Mulling to blacklist tech giants forewarns perilous finale

    Even as he incited violence in the US capital that plunged the country into chaos, President Donald Trump appears to be stepping up his ill attempt for China-US economic decoupling, as his administration reportedly mulls blacklisting Alibaba Group and Tencent ...

    By Wang Cong and Ma Jingjing | 2021/1/7 21:08:40
  • With first FTA, diplomatic trip, China to boost cooperation with Africa in 2021

    In the first three days of 2021, China launched its first free trade agreement (FTA) with an African nation and China's foreign minister prepared for his first official trip of the year to several African countries, underscoring China's unchanged focus ...

    By Wang Cong and Xie Jun | 2021/1/3 19:33:40
  • China aims for comprehensive, balanced and high-level BIT pact with EU

    China and the European Union (EU) are pushing for the inking of the sweeping Comprehensive Agreement on Investment (CAI), despite a rising number of hurdles during the negotiation and the increasing pressure from third parties, such as the US, said ...

    By Ma Jingjing, Zhao Yusha and Wang Cong | 2020/12/24 22:03:40
  • China emphasizes rooting out economic risks on high-tech, industrial chains and food safety at key meeting

    Top Chinese policymakers on Friday put heavy emphasis on addressing various internal challenges ranging from consumption, technology and financial security at a key meeting that outlines top policy priorities for 2021, signaling the world's second-largest economy is shifting reliance on ...

    By Wang Cong | 2020/12/18 22:04:33
  • Ant Group among fintech firms to clean up online banking services as regulation tightens

    Chinese financial technology (fintech) firms are scrambling to shut down certain online banking services that could potentially be targeted by tighter regulations as part of Chinese regulators' recent campaign to crack down on illegal activities in the online financial sector ...

    By Wang Cong | 2020/12/18 22:03:39
  • Top meeting in Beijing to focus on tackling major risks in 2021, as robust growth expected

    Chinese top policymakers are expected to outline economic policy priorities and targets for 2021 at a highly-anticipated tone-setting meeting, which could pave the way for the most significant shift in China's economic development model in decades that puts more focus ...

    By Wang Cong | 2020/12/18 1:48:34
  • Tariff war didn't work on China under Trump, won't work under Biden

    In a recent interview with Reuters, outgoing US Trade Representative Robert Lighthizer sought to defend the US' multi-year trade war with China and even suggested that the incoming Joe Biden administration should keep tariffs on Chinese goods and "hold their ...

    By Wang Cong | 2020/12/17 22:08:40
  • China opens up more sectors for domestic, foreign investment with a smaller negative list

    China is expected to open up new sectors and industries, including forestry resource, mining rights and carbon emissions trading, to both domestic and foreign businesses, as it started to remove restrictions and approval requirements in what's known as a negative ...

    By Wang Cong | 2020/12/16 18:33:40
  • China-US trade talks to remain in focus as Biden picks trade rep

    Following weeks of speculation over US president-elect Joe Biden's stance toward China-US trade ties, with a lingering bruising trade war hanging overhead, a still-elusive but emerging image of the new US administration's approach is slowly taking shape, as Biden continues ...

    By Wang Cong | 2020/12/10 18:21:26
  • EU should drop misconceptions in investment deal talks

    This week, Chinese and EU officials are holding a fresh round of negotiations for a highly anticipated bilateral investment treaty (BIT) that would further boost investment and trade between the two major economies. While few details have emerged from the ...

    By Wang Cong | 2020/12/9 21:08:40
  • China likely to raise US agricultural product purchases in 2021: analysts

    China is likely to further increase purchases of US agricultural products, particularly soybeans, in 2021, as Beijing continues to fulfill its commitment under the phase one trade agreement and domestic demand surges, according to industry and trade analysts.

    By Wang Cong | 2020/12/8 20:03:40
  • November exports keep soaring

    China's exports jumped to record levels in November, offering fresh evidence of the world's second-largest economy's solid recovery from the COVID-19 pandemic that continues to ravage many major economies, while slower growth in imports also underscored persistent pressure on domestic ...

    By Wang Cong | 2020/12/7 20:23:40
  • US urged to stop abusing 'state power' in crackdown on Chinese firms

    China's leading chipmaker Semiconductor Manufacturing International Corporation (SMIC) said on Friday that the US' blacklisting would not result in any major impacts on its operations and denied US allegations over its relationship with the Chinese military.

    By Wang Cong | 2020/12/4 13:51:10
  • Expectations for Biden lifting US tariffs dims after clear signal

    Market expectations for US President-elect Joe Biden to remove costly tariffs on hundreds of billions of dollars worth of Chinese products, which have been ruled illegal by the WTO and drawn court action by 3,500 US companies, have dimmed after ...

    By Wang Cong | 2020/12/3 19:48:40
  • China, Russia to expand economic, energy and agriculture cooperation

    China and Russia are moving closer to further coordinate and cooperate in a wide range of areas, from epidemic control and prevention to trade, as both countries face an increasingly uncertain and risky external environment marked by not just the ...

    By Wang Cong | 2020/12/2 20:53:08
  • China eyes Biden team for trade talks

    As US president-elect Joe Biden started to pick his economic team, China is also waiting to see who will take over Washington's years-long trade and technology war with Beijing, with analysts expressing "cautious optimism" after Biden picked economists with no ...

    By Wang Cong and Ma Jingjing | 2020/12/1 20:57:57
  • China fulfills customs protocols for phase one trade deal

    China has fulfilled its commitment under the phase one trade agreement with the US to carry out dozens of quarantine protocols that pave the way for expanding imports of US animal and plant products, a customs official said on Monday, ...

    By Wang Cong | 2020/11/30 20:39:49
  • SCO meeting to focus on trade cooperation

    While the Shanghai Cooperation Organization (SCO) is a platform for its eight members to coordinate security policies, the upcoming meeting of the Council of Heads of Government is likely to focus on cooperation in fighting the COVID-19 epidemic, as well ...

    By Wang Cong | 2020/11/29 20:48:40
  • BIT deal could be win-win outcome for China, EU and the world

    The European Union (EU) needs to seize the window of opportunity and push for signing the China-EU bilateral investment treaty (BIT) by the end of the year, to achieve a win-win pact for businesses on both sides against the backdrop ...

    By Yin Yeping and Wang Cong | 2020/11/23 21:08:40
  • G20 Declaration vows all tools to fight COVID-19, save economy

    Leaders of the world's 20 biggest economies on Sunday vowed in a joint declaration to deploy "all available policy tools to contain the raging COVID-19 global pandemic and save the global economy from plunging further into disarray with efforts to ...

    By Wang Cong | 2020/11/23 1:24:42
  • Ball is in EU's court for reaching BIT with China: expert

    The EU should make a firm decision and not wait for new policy direction from the US government to push forward the completion of the China-EU bilateral investment treaty (BIT) talks at the year-end, a Chinese expert said.

    By Wang Cong and Yin Yeping | 2020/11/19 19:01:46
  • RCEP ushers in a key period for global free trade

    In stark contrast to the chaotic scenes of countries resorting to self-isolation and finger-pointing at the start of the COVID-19 outbreak earlier this year, major economies in the Asia-Pacific and around the world face a critical window of opportunity to ...

    By Wang Cong | 2020/11/18 19:55:54
  • Asia markets rally on RCEP, bullish on future

    Asia-Pacific financial markets rallied on Monday as investors issued a vote of confidence to the signing of the world's largest trade agreement, the Regional Comprehensive Economic Partnership (RCEP), reflecting the markets' upbeat sentiment toward the long-term economic benefits of the ...

    By Wang Cong | 2020/11/16 19:08:40
  • China seeks 'complete' economic self-reliance

    Through a series of recent top meetings, official documents and speeches, China's top leadership, including President Xi Jinping, has signaled that the country would focus on boosting the domestic supply chain and homegrown innovation to become completely self-reliant in economy ...

    By Wang Cong and Chen Qingqing | 2020/11/1 21:15:09
  • China's opening up will continue despite self-reliance focus: officials

    Chinese officials on Friday reiterated that the country's long-standing opening-up policy will remain intact, although it would adopt new development strategies to ensure economic and technological self-reliance by focusing on the domestic market and innovation.

    By Wang Cong and Zhang Hui | 2020/10/30 12:55:35
  • China eyes becoming world's largest consumer economy

    For decades, China pursued a mostly export- and investment-driven growth model that powered the once backward nation to becoming the world's biggest trading country and second-largest economy. But in light of a fundamental structural shift in the economy and mounting ...

    By Wang Cong and Zhang Dan | 2020/10/28 19:36:52
  • Key meeting set to address domestic, external challenges

    Top officials of the Communist Party of China (CPC) on Monday convened a key policy meeting that would set the trajectory of the country's social and economic development in the coming five years and outline vision for the next 15 ...

    By Wang Cong | 2020/10/26 21:43:40
  • China likely to increase imports of US farm goods: expert

    China is likely to further increase purchases of US agricultural produce and other items in the remaining months of the year, as its economy rapidly recovers from the fallout of the COVID-19 pandemic and it continues to carry out the ...

    By Wang Cong | 2020/10/25 18:48:40
  • China reassures US firms on trade deal

    In back-to-back meetings with a leading US trade group over the past couple of days, Chinese officials sought to reassure American businesses of Beijing's commitment to implement the phase one trade agreement and promote win-win cooperation, in what experts said ...

    By Wang Cong | 2020/10/22 18:28:41
  • Regulator approves Ant's record IPO in Hong Kong

    Financial regulators on the Chinese mainland have given fintech giant Ant Group the green light to hold what is expected to be the world's largest IPO on the Hong Kong stock exchange, underscoring the central government's continued support for the ...

    By Wang Cong | 2020/10/19 19:18:40
  • China to protect TikTok at 'all cost'

    China is prepared to prevent Chinese firm TikTok and its advanced technologies from falling into US hands at all cost, even if that means the vastly popular video sharing app risks being shut down in the US, because allowing the ...

    By Wang Cong | 2020/9/26 22:21:33
  • China won't allow US to rob TikTok: expert

    While Chinese officials have noticeably maintained public silence over the proposed restructuring plan for TikTok, there is an increasingly unmistakable signal from Beijing that it will not allow the US to rob one of the country's most globally successful apps ...

    By Wang Cong | 2020/9/22 21:28:40
  • TikTok, WeChat face new risks after 'win'

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

    By Wang Cong and Li Qiaoyi | 2020/9/22 0:31:39
  • TikTok defiant over Trump's doubts of deal

    Chinese tech firm ByteDance, the parent company of video-sharing platform TikTok, struck a defiant tone on Thursday, saying publicly for the first time that the proposed deal would not involve the sale of operations and technology, and would require regulatory ...

    By Wang Cong and Zhang Hongpei | 2020/9/17 20:43:20
  • WTO without US? That might not be a bad thing, say Chinese experts

    Talk of the US potentially leaving the World Trade Organization (WTO) intensified on Wednesday, after the multilateral trading body ruled that Washington's tariffs on Chinese goods violated international rules, and US officials harshly criticized the ruling and renewed threats of ...

    By Wang Cong | 2020/9/16 19:16:38
  • Xi urges sound ties with Europe

    Chinese, German and EU leaders reaffirmed that they will further strengthen cooperation from trade to epidemic control during a virtual summit on Monday, sending what experts call a resounding signal that the parties remain committed to pursuing pragmatic engagement rather ...

    By Yang Sheng, Wang Cong and Deng Xiaoci | 2020/9/14 23:43:40
  • EU Chamber pushes for investment deal

    The top European business group in China on Thursday called on China and EU to complete a bilateral investment treaty (BIT) by the end of the year. While the China-EU relationship faces a growing list of obstacles from differences over ...

    By Wang Cong | 2020/9/10 20:43:41
  • Digital economy reshapes Chinese life, boosts devt amid pandemic

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

    By Li Qiaoyi and Wang Cong | 2020/9/7 20:55:08
  • Possible SMIC ban another US war against China's tech rise

    The US government is apparently seeking to further escalate its tech war against China by reportedly considering adding China's leading chipmaker to a trade blacklist, threatening to further disrupt a massive $300 billion-worth annual chip trade between China and other ...

    By Wang Cong | 2020/9/6 23:23:08
  • Trump's cards 'limited' in trade conflict

    During a campaign rally in May 2016, then US presidential candidate Donald Trump accused China of "raping" the US in trade and claimed the US "has the cards" to deal with China. After a costly tariff war and relentless crackdowns ...

    By Wang Cong | 2020/9/2 19:10:25
  • Record GDP slump 'ominous' sign for India, worst may lie ahead: experts

    Indian officials and media outlets have been hyping up tensions with China both on the border and in trade and investment, but the latest official data might have revealed a deeper problem for the populous country and its Prime Minister ...

    By Wang Cong | 2020/9/1 20:08:40
  • China-US trade talks on, reassure phase 1 deal after mixed signals from US

    China's Ministry of Commerce (MOFCOM) said on Thursday that Chinese and US officials will hold trade talks in the “coming days,” offering urgently needed reassurance, after mixed signals from US officials sparked concerns over the phase one trade agreement, though ...

    By Wang Cong and Zhang Dan | 2020/8/20 21:13:24
  • China-US trade talk delay likely due to 'lack of atmosphere'

    The reported postponement of a widely anticipated meeting between top Chinese and US trade officials to review progress of the phase one trade agreement was likely due to lack of a good "atmosphere" after a series of aggressive moves from ...

    By Wang Cong | 2020/8/17 19:28:40
  • Trump likely to target Alibaba

    Following a series of crackdowns on Chinese technology firms, US President Donald Trump on Saturday indicated that he might target one of the largest e-commerce companies in the world – China-based Alibaba Group. Chinese analysts say it's another move motivated ...

    By Wang Cong | 2020/8/16 22:33:40
  • China, US to hold rare trade talks

    When Chinese and US trade officials hold talks over the phase one trade agreement next week as reported, they will likely highlight the progress and emerging challenges in implementing the first major deal between the two countries since US ...

    By Wang Cong | 2020/8/5 19:03:41
  • US' 'mafia-style tactic' on TikTok strips last layer of decency

    US President Donald Trump's latest move to force China-based ByteDance to sell its video-sharing app TikTok to a US company and pay the US government a share of the transaction has been derided by many in China - experts and ...

    By Wang Cong | 2020/8/4 20:33:41
  • West's claims of China, Russia cyberattacks a smear campaign: experts

    Chinese officials and experts on Friday pushed back against fresh unsubstantiated allegations from the US that China was backing hackers to steal data from a US biotech firm developing a COVID-19 vaccine, calling the move a “smear campaign” against China.

    By Wang Cong and Chen Shasha | 2020/7/31 20:08:41
  • China turns inward amid external risks

    China has sent its clearest signal yet that it will throw more policy weight and coordination to further prop up its economy with a massive consumer market and robust industrial prowess to cope with fast evolving external risks, as top ...

    By Wang Cong | 2020/7/31 20:03:40
  • China, EU push for cooperation amid rising hurdles

    China and the EU appear committed to a push for cooperation on a wide range of issues from a widely expected bilateral investment deal, to COVID-19 responses and WTO reforms, even as they are far apart on a series of ...

    By Wang Cong | 2020/7/29 20:18:40
  • Xi renews China's support for multilateralism

    Chinese President Xi Jinping on Tuesday reiterated China's support for the global multilateral system and commitment to pursue development with the rest of the world in the spirit of openness and mutually-beneficial cooperation, in what Chinese analysts called an apparent ...

    By Wang Cong | 2020/7/28 23:53:40
  • Trade cooperation could be last stabilizer for spiraling China-US ties: experts

    As the China-US relations continue its downward spiral following a series of provocative maneuvers by Washington, a dim light of cautious hope emerged that reported trade discussions scheduled next month between senior officials from both sides could produce certain momentum ...

    By Wang Cong | 2020/7/26 19:31:20
  • US digital crackdown on China aimed at keeping tech hegemony

    The US is seeking to further escalate its crackdown on Chinese technology companies, as a new report from a US senator called on the Trump administration to take further measures against China's technological rise, in what Chinese analysts call an ...

    By Wang Cong and Shen Weiduo | 2020/7/22 20:53:40
  • UK bank expands in China amid diplomatic row

    UK-based bank Standard Chartered Plc announced Monday that it would open a $40 million center in South China's Guangdong Province in what the company says is a move to support the Guangdong-Hong Kong-Macao Greater Bay Area development plan at a ...

    By Wang Cong and Yin Yeping | 2020/7/20 20:53:40
  • China's GDP rebound puts spotlight on the US

    On Thursday, China emerged as the first major economy to return to growth since the global coronavirus pandemic and shifted the spotlight to the US, which continues to struggle to contain the deadly virus and get the world's biggest economy ...

    By Wang Cong | 2020/7/16 17:18:41
  • Huawei readies for 'war'; shift in overseas strategy expected: insider

    China on Wednesday harshly criticized the UK's decision to ban Huawei from the UK's 5G development, painting London as an accomplice in the US' politically driven crackdown on the Chinese telecom giant based on fabricated "national security risks," and vowed ...

    By Shen Weiduo and Wang Cong | 2020/7/15 20:40:01
  • Hong Kong financial chief defends national security law ahead of its expected release

    Hong Kong has fully accessed and prepared for potential economic sanctions threatened by US officials over the impending National Security Law, Hong Kong's Financial Secretary Paul Chan Mo-po said on Sunday, as he offered a staunch defense of the law ...

    By Wang Cong | 2020/6/29 1:37:50
  • HSBC mass layoff plan may spell an end for business in China market

    HSBC's move to slash 35,000 jobs may mark the beginning of the end for the embattled British bank in China, its largest market, as it faces potentially grave consequences over its accomplice role in assisting US government's crackdown on ...

    By Wang Cong | 2020/6/17 18:28:40
  • Canadian court document sparks new wave of anger in China

    Fresh revelations from Canadian court documents that the country's spy agency was directly involved in the arrest of Huawei executive Meng Wanzhou in 2018 sparked a new wave of indignation among Chinese public, with many calling for Beijing to take ...

    By Wang Cong | 2020/6/15 20:14:57
  • China opens $45 trillion financial market as US closes

    China took a concrete step over the weekend to further open up its $45 trillion financial market to foreign investors, as the country's central bank issued a license to US credit card company American Express to clear transactions in the ...

    By Wang Cong and Xie Jun | 2020/6/14 21:33:40
  • US offers boost to HKSAR in financial war with China: analysts

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

    By Li Qiaoyi and Wang Cong | 2020/6/11 20:18:41
  • Talks pave way for China-EU investment treaty

    The 10th round of China-EU high level strategic dialogue was held on Tuesday where the two sides discussed bilateral relations and matters of shared interest, which analysts believe will pave the way for the China-EU Summit and an investment treaty, ...

    By Zhang Han and Wang Cong | 2020/6/9 23:58:40
  • Are Beijing, London on a collision course?

    As the China-UK bilateral relationship once hailed as entering a “golden era” faces renewed tensions over London's positions on issues related to China's internal affairs in Hong Kong and Chinese telecom firm Huawei, Beijing will likely seek to compartmentalize rising ...

    By Wang Cong and Zhang Han | 2020/6/8 23:43:40
  • US threats of sanctions fail to pressure HK

    Officials in the Hong Kong Special Administrative Region (HKSAR) remain defiant over US threats to impose sanctions on the city following the adoption of a national security legislation for Hong Kong, as they mounted a fierce defense against what they ...

    By Wang Cong | 2020/5/31 20:01:22
  • Li maintains focus on economy amid rising tensions

    Chinese Premier Li Keqiang on Thursday sent the clearest signal yet that China will maintain its strategic focus on keeping domestic social and economic development stable, even as the country faces an increasingly complex and challenging external environment marked by ...

    By Wang Cong | 2020/5/28 21:08:40
  • China mourns 'patriotic' Macao SAR tycoon

    Tributes poured in from across China - the mainland, Macao and Hong Kong - on Tuesday mourning the passing of Stanley Ho Hung-sun, who is known around the world for his casino empire and in China for patriotic contributions to ...

    By Wang Cong and Wang Qi | 2020/5/26 21:23:40
  • China takes decisive moves amid risks

    China on Friday offered the most comprehensive and pragmatic assessment of the extraordinary circumstances for the country's social and economic development created by the COVID-19 pandemic, and made rare, drastic adjustments in a wide range of areas - from its ...

    By Wang Cong and Xie Wenting | 2020/5/22 23:26:39
  • Foreign orders for Chinese face masks continue to pour in

    Orders for 100 million surgical masks from Europe and Canada have failed to find Chinese suppliers for weeks, as many Chinese factories are scrambling to complete orders of KN95 masks with higher profit margins, according to industry insiders.

    By Yin Yeping and Wang Cong | 2020/5/21 17:33:40
  • China welcomes Honeywell to Wuhan amid US' decoupling push

    Chinese Premier Li Keqiang on Tuesday extended a high-profile welcome to US industrial conglomerate Honeywell on the company's opening of its emerging market headquarters and innovation center in Wuhan, Central China's Hubei Province, in a move which highlighted a rare ...

    By Wang Cong and Ma Jingjing | 2020/5/20 2:12:10
  • China seeks to separate trade from diplomatic row with US: experts

    China is seeking to compartmentalize rising tensions with the US over a wide range of issues from trade to the COVID-19 pandemic by separating the phase one trade agreement from escalating diplomatic row, as it paved the way for increasing ...

    By Wang Cong | 2020/5/14 18:13:40
  • Can trade ties help avert a China-US war?

    Many international relations experts have painted a rather dark picture for the China-US bilateral relationship. In their view, a war might be inevitable given the US' seemingly all-out campaign against China over the fallout regarding the COVID-19 pandemic. But in ...

    By Wang Cong | 2020/5/13 22:33:12
  • China-US phase-1 deal may not be carried out 100%, but won't return to square one: expert

    Full implementation of the phase one trade agreement between China and the US is highly unlikely, despite China's efforts to carry out its end of the bargain, due to obstacles posed by the coronavirus pandemic, which could undercut the US' ...

    By Wang Cong | 2020/5/6 18:48:40
  • Holiday economy rebounds

    China on Tuesday marked a milestone in its efforts to recover from the coronavirus pandemic, as over 100 million tourists flocked to popular attraction sites across the country during the just-concluded May Day holiday and spent billions of dollars, all ...

    By Wang Cong | 2020/5/5 21:58:42
  • US business group hopes for phase two deal despite Washington obstruction

    The main US business group in China on Thursday issued a report and urged China and the US to build on the momentum of the phase one trade agreement and continue to address remaining "structural" issues to help companies battered ...

    By Wang Cong | 2020/4/30 18:23:04
  • Overseas orders for body bags soar

    Chinese companies have seen rising demand for body bags from around the world, including the US and France, with inquiries and orders exceeding production capacity, as the relentless COVID-19 takes a rising toll the world over, two insiders told the ...

    By Yin Yeping and Wang Cong | 2020/4/23 21:23:40
  • Small firms healing wounds

    More than two weeks after Wuhan, Central China's Hubei Province, lifted a lockdown and embarked on the road to recovery, many small businesses in the city continue to be constrained by a slew of challenges, including slow business and closures ...

    By Zhao Yusha in Wuhan and Wang Cong in Beijing | 2020/4/23 0:38:40
  • Wuhan battles to create jobs

    As many in Wuhan, Central China's Hubei Province, are gradually returning to work after a lockdown due to the novel coronavirus epidemic, some are facing quite a predicament: They have no jobs to return to. That was on vivid display ...

    By Zhao Yusha in Wuhan and Wang Cong in Beijing | 2020/4/21 0:03:40
  • Wuhan issues $71m to spur on consumption

    For more than two months, residents in Wuhan, Central China's Hubei Province, were required to stay home to stop the spread of the coronavirus; now, officials in the city are literally paying residents tens of millions of dollars to go ...

    By Zhao Yusha in Wuhan and Wang Cong in Beijing | 2020/4/19 22:58:40
  • China resilient amid GDP dip

    China on Friday provided the clearest and most complete picture yet of the economic cost of the deadly coronavirus, which has so far taken 4,642 Chinese lives. With first-quarter GDP shrinking 6.8 percent, the first decline since 1992 when quarterly ...

    By Wang Cong | 2020/4/17 19:35:30
  • Foreign investors turning away from China? Latest data tells different story

    Since as early as US President Donald Trump came into power in 2017, there have been persistent calls from US officials for companies to shift production out of China. Those calls have recently intensified in the wake of the coronavirus ...

    By Wang Cong | 2020/4/16 2:11:21
  • US trade war, COVID-19 impact – What China's Q1 trade data tells us?

    China's first quarter trade data released on Tuesday offered a great deal of signals on a wide range of issues, from the repercussions of the global coronavirus pandemic to the China-US phase one trade agreement and the evolving global trade ...

    By Wang Cong | 2020/4/14 21:18:40
  • EU enterprises in China recover well

    EU companies operating in China are “recovering surprisingly well” from coronavirus shutdowns, but they are facing challenges from declining market demand in China and around the world, as well as from strict anti-epidemic measures in place to stave off imported ...

    By Wang Cong | 2020/4/13 21:58:40
  • Can China's exports survive pandemic after surviving domestic outbreak?

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

    By Li Qiaoyi in Ningbo and Wang Cong in Beijing | 2020/4/12 21:02:52
  • City faces long road to full recovery as hurdles remain: expert

    As the 76-day lockdown in Wuhan, Central China's Hubei Province, was lifted on Wednesday, the city of 11 million people with an economy of 1.6 trillion yuan ($226.44 billion) officially entered the fast lane to a full recovery.

    By Wang Cong | 2020/4/8 21:03:40
  • China to beat back US' tech 'hegemony'

    China on Thursday issued a blatant warning against what it calls "US technology hegemony," signaling that it would counter Washington's efforts to crack down on Chinese tech firms, as some US officials are reportedly mulling new restrictions on high-tech exports ...

    By Wang Cong | 2020/4/3 0:13:40
  • China keeps global supply chain running

    In the manufacturing and export hub of Yiwu, in East China's Zhejiang Province, a small factory has resumed full production so that children in Africa will have notebooks when they start school in fall; machines at the Yiwu Railway Port ...

    By Wang Cong in Beijing, Huang Lanlan and Yang Hui in Yiwu | 2020/3/26 20:58:41
  • G20 to inject hope to world

    After weeks of chaotic responses by individual countries to the global coronavirus pandemic marked by various restrictions on travel and trade and even finger-pointing, major global powers are finally pushing for coordinated efforts to combat the common threat, injecting a ...

    By Wang Cong and Li Aixin | 2020/3/26 0:18:41
  • Foreign airlines suspend Beijing flights after reroute order

    International airlines are reevaluating their Beijing flight schedules as some have already suspended services after Chinese officials began diverting international flights to the capital to other domestic destinations in efforts to prevent imported coronavirus (COVID-19) carriers. Analysts said the move ...

    By Tu Lei and Wang Cong | 2020/3/23 3:37:36
  • US soybean exports to China at risk amid COVID-19 outbreak despite demand remains: analyst

    The coronavirus (COVID-19) epidemic in the US could deliver a major blow to US soybean exports to China, forcing a reduction in volume despite continued demand in China, analysts recently said.

    By Yin Yeping and Wang Cong | 2020/3/23 1:55:13
  • Foundation for Trump's trade war shows cracks

    The foundation for US President Donald Trump's relentless trade war against China is starting to show cracks, as the White House seems under pressure to consider removing their punitive tariffs on Chinese imports, due to the acute blow caused by ...

    By Wang Cong | 2020/3/22 18:50:10
  • Trump Pandemic rages

    US President Donald Trump has spared no efforts in scapegoating China for allowing the coronavirus to rampage in the US, using an old trick from his political playbook: giving derogatory nicknames to his opponents. But with his latest attempt - ...

    By Wang Cong and Xie Wenting | 2020/3/22 16:18:40
  • Time for China to help US fight against pandemic

    It is time for China to consider the requests for help by US states like California and New York in fighting against the deadly coronavirus based on a humanitarian spirit as the infection numbers in the US surged to nearly ...

    By Chen Qingqing, Bai Yunyi and Wang Cong | 2020/3/21 14:56:20
  • US financial hegemony makes world pay for its losses to COVID-19

    After failing to contain the coronavirus epidemic and save its financial markets, the US government is now preparing for drastic measures, including a trillion-dollar stimulus package, to save the US economy. But that will come at the expense of China ...

    By Wang Cong | 2020/3/19 23:58:41
  • Five reasons why China's global stature will rise after pandemic

    As many countries around the world fail to contain the novel coronavirus and a profound global crisis that could upend the global political and economic order looms, questions have been raised about China's capability to withstand a new wave of ...

    By Wang Cong and Chen Qingqing | 2020/3/18 5:30:09
  • US' calculation on tariffs misguided: analysts

    Apparent reluctance among US officials to remove tariffs on China to help vast US businesses and consumers cope with the economic fallout of the coronavirus pandemic on concerns that such a move would benefit China more is misguided, and will ...

    By Wang Cong | 2020/3/16 20:33:40
  • Travel bans put global economy on the verge

    The novel coronavirus' rapid spread throughout the world brought with it a wave of panic and nativism, fueling a flurry of uncoordinated and chaotic responses from a rising number of countries led by the US, with restrictions on global travel ...

    By Wang Cong | 2020/3/13 22:38:40
  • US faces risk of economic, political crisis

    Persistent equity sell-offs in the US triggered by panic over the coronavirus outbreak has laid bare deep-seated problems in the US economy and the extremely polarized, volatile political climate in the country, and brought the world's largest economy to the ...

    By Wang Cong | 2020/3/11 0:48:40
  • Seven 'new infrastructure' to lift economy

    As the global economy is reeling from the widespread coronavirus epidemic and major economies around the world are still stumbling to come up with a response to the economic fallout, a new wave of investments in what Chinese officials and ...

    By Wang Cong and Huang Ge | 2020/3/9 23:16:56
  • COVID-19 outbreak dents US' ability to carry out phase one deal: experts

    The worsening public health crisis in the US is fueling concerns over Washington's ability to hold up its side of the bargain in the China-US phase one trade agreement and sparking suggestions that the two sides might have to conduct ...

    By Wang Cong | 2020/3/8 19:53:40
  • China's investment spree soothes virus worries, but caution urged over side effects: analysts

    Local governments in China are stepping harder on the pedal to push through a series of infrastructure investment projects worth as much as nearly $5 trillion so far, offering a boost to shares of construction companies and a potential relief ...

    By Xie Jun, Zhang Dan and Wang Cong | 2020/3/5 1:29:38
  • China offers airlines cash incentives for global flights in rare bid to resume travel

    The Chinese government on Wednesday took a rare measure that offers direct cash incentives for global and domestic airlines that operate international flights in and out of China, in an apparent bid to resume global travel that has been halted ...

    By Tu Lei and Wang Cong | 2020/3/4 21:00:15
  • US under pressure to remove tariffs on China

    US officials are under growing pressure from American companies to remove punitive tariffs imposed on Chinese products as part of an effort to cope with the potentially grave impact of the coronavirus on the US economy, and the epidemic could ...

    By Wang Cong | 2020/3/4 17:58:20
  • Epidemic won't spark financial crisis in China

    China is not facing a financial system crisis, despite mounting pressure from the coronavirus epidemic on the economy and global stock market routs, but further macro stabilizing measures, including more liquidity injections, might be necessary, analysts said on Sunday.

    By Wang Cong | 2020/3/1 21:38:40
  • Virus accelerates changes in global retail supply chain

    The outbreak of the deadly coronavirus has pushed global retailers to rethink their supply chains, which have been heavily reliant on China, and this could accelerate the ongoing trend of shifting certain production away from China to Southeast Asia, industry ...

    By Wang Cong | 2020/2/27 18:37:14
  • China repels US bullying at WIPO

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

    By Liu Xin in Geneva, Wang Cong and Li Qiaoyi in Beijing | 2020/2/26 22:06:49
  • Dire fears for world economy

    Global equity investors have effectively launched one of the clearest distressing signals so far for the world economy, as they staged one of the worst stock market routs this week that wiped more than $1.7 trillion off in market value ...

    By Wang Cong | 2020/2/25 20:53:40
  • Economic activity picks up significantly across China

    Economic data for February, which is anticipated to see a harsh impact from the epidemic, and even the first-quarter growth, will take a hard hit, analysts said on Monday. But economic activity will further pick up pace this week and ...

    By Wang Cong | 2020/2/25 1:03:40
  • China 'irreplaceable' in global supply chain

    After factories in China shut down due to the ongoing coronavirus epidemic, the world's supply chain for almost everything from cars to electronics to designer fashion goods has been crippled, and in one way or another, consumers and companies in ...

    By Wang Cong | 2020/2/19 19:32:21
  • A snapshot into China's 'hardcore' efforts to revive the economy

    Since the deadly coronavirus broke out in China and brought the country to a near standstill, much has been said about how severe the impact of the epidemic will be on the Chinese economy and how China, because of "flaws" ...

    By Wang Cong | 2020/2/19 3:58:50
  • 'It's not business as usual' – China off to slow start in resuming economic activity

    China's intensifying efforts to resuscitate the economy after a near standstill for several weeks due to the outbreak of the deadly coronavirus has got off to a slow start, as many factories and businesses confront difficulties to resume operations given ...

    By Wang Cong | 2020/2/17 16:24:45
  • China's top officials focus on employment as fears of layoffs grow

    Top Chinese officials are focusing more attention on stabilizing the jobs market and are calling for intensified measures to circumvent potential mass layoffs as a result of the outbreak of the deadly coronavirus, as concerns of rising unemployment deepen due ...

    By Wang Cong | 2020/2/13 0:46:27
  • China moves to help firms resume operations amid epidemic

    China's central and local government officials on Friday rolled out a series of measures to support businesses across the country, as they prepare to resume operations soon despite continuing efforts to contain the deadly virus.

    By Wang Cong | 2020/2/7 23:06:07
  • Fiscal, monetary tools to help firms

    Chinese officials said on Friday that they have implemented fiscal and monetary policies to help the nationwide campaign against the novel coronavirus epidemic and implied that additional policy measures are forthcoming to help businesses and ensure stable economic growth.

    By Wang Cong and Song Lin | 2020/2/7 20:18:43
  • China fulfills trade commitment with tariff cuts on $75b of US goods despite virus outbreak

    China announced Thursday that it would cut tariffs by half on $75 billion worth of US products in a response to Washington's decision to halve duties on Chinese goods.

    By Wang Cong | 2020/2/6 15:58:44
  • Greece, Nepal borders remain open for Chinese nationals: envoys

    Greece and Nepal will not restrict Chinese nationals from entering their countries due to the novel coronavirus outbreak. Envoys from both countries also told the Global Times on Monday that economic cooperation with China had not been disrupted.

    By Yin Yeping and Wang Cong | 2020/2/4 1:56:59
  • China issues measures to stabilize economic growth amid coronavirus outbreak

    The novel coronavirus outbreak in China is expected to harm economic growth by at least two percentage points during Q1 2020, according to forecasts. Amid a nationwide battle to contain the virus, officials have moved swiftly to implement growth stabilizing ...

    By Wang Cong | 2020/2/3 3:48:36
  • Throngs of Chinese visitors to US expected amid upcoming holidays

    The number of Chinese tourists going to the US is expected to rise significantly during the upcoming Chinese Lunar New Year holidays, as trade tensions have eased following the phase one trade agreement and costs are dropping sharply thanks to ...

    By Wang Cong | 2020/1/21 21:03:40
  • New uncertainty overshadows Davos forum

    As nearly 3,000 political leaders, business executives, scholars and celebrities gather at the Swiss winter resort town of Davos to kick off the annual World Economic Forum's annual meeting on Tuesday, a litany of pressing issues wait to be discussed ...

    By Wang Cong | 2020/1/20 19:03:40
  • EU risks overplaying hand in BIT talks with China

    The EU could create uncertainty and risks for a bilateral investment treaty (BIT) with China, which otherwise has been progressing steadily and is set to be completed by the end of the year, if it resorts to a tougher approach ...

    By Wang Cong | 2020/1/19 19:18:40
  • Text of phase one deal balanced, fair: experts

    The phase one trade agreement between China and the US reflected what Chinese officials have long stressed – that any deal must be balanced and fair and include initiatives that, if properly executed, could help address disputes and avoid further ...

    By Wang Cong and Ma Jingjing | 2020/1/16 17:35:38
  • China may ask the US to remove tariffs before phase two talks: expert

    China will need time to assess the just-signed phase one trade agreement and other complicating factors before launching negotiations with the US for a phase two agreement. US officials, including Vice President Mike Pence, who claim the talks are already ...

    By Ma Jingjing and Wang Cong | 2020/1/16 15:53:40
  • China, US sign phase one trade deal

    After a 22-month trade deadlock and dozens of strenuous negotiations, China and the US signed their first trade agreement in Washington on Wednesday, officially hitting the pause key on the punishing battle that has inflicted serious wounds on the bilateral ...

    By Wang Cong | 2020/1/16 2:04:47
  • Correcting mistakes a good start for phase one trade deal: experts

    A US decision to remove its designation of China as a currency manipulator in an apparent goodwill gesture ahead of the looming phase one trade agreement was met with widespread criticism on Tuesday in China, where many argued that the ...

    By Xie Jun and Wang Cong | 2020/1/14 20:43:40
  • Phase one deal goes beyond agriculture

    The upcoming phase one trade agreement between China and the US will cover a wide range of areas from intellectual property rights (IPR) to enforcement mechanism, and the terms will be balanced and legally binding on both sides, sources close ...

    By Wang Cong | 2020/1/12 21:28:40
  • Financial sector to open further in 2020: regulator agency

    China will further open up its vast domestic financial industry to foreign investors, while firmly pushing forward previously announced opening measures in the banking, insurance and securities sectors, according to the country's top banking and insurance regulator.

    By Wang Cong | 2020/1/12 21:03:40
  • CES shows China-US tech decoupling 'impossible'

    Chinese and US technology companies on Tuesday offered a firm rebuttal to rising calls in Washington for technology decoupling between China and the US at the world's largest consumer electronics show, where jointly made high-tech products were highlighted and new ...

    By Wang Yi in Las Vegas and Wang Cong in Beijing | 2020/1/8 21:38:40
  • 'Black swan' for economic rebound

    For the Chinese economy, 2020 is going to be another tough year, albeit not that bad as 2019, as hidden risks and pressure from many fronts accrue to bite.

    By Wang Cong | 2020/1/1 20:48:40
  • Trade war drags on; China marches forward

    On the morning of October 1, I woke up somewhat disappointed. I had been excited at the chance to watch military jets that were scheduled to fly over Beijing later in the morning from my living room window, but with ...

    By Wang Cong | 2019/12/30 23:06:10
  • China's homegrown large passenger jet achieves milestone

    China's domestically developed passenger plane C919 reached another milestone on Friday after a sixth prototype completed its first test flight in Shanghai, as the manufacturer accelerates final preparations before breaking into the lucrative civil aviation market currently dominated by Western ...

    By Wang Cong and Song Lin | 2019/12/27 20:13:40
  • Monthly figure hard to sustain, but more growth stimulus underway: analysts

    Major Chinese industrial firms recorded a remarkable recovery of profits in November after a decline of three consecutive months, as production, sales and price improved significantly, largely boosted by robust stimulating measures to stabilize the economic growth, official data showed ...

    By Wang Cong | 2019/12/27 19:18:40
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