Wang Cong
Reporter, Beijing
Wang Cong co-leads GT’s business desk. He covers China’s macroeconomic policies and global trade.
  • 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-US trade talks set for 'new form'

    As US President-elect Joe Biden prepares to move into the White House, the former US vice president, who has slammed current US President Donald Trump's tariff war, will likely continue trade negotiations with China to resolve what he calls damage ...

    By Wang Cong | 2020/11/8 20:36:51
  • 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
  • 'No timetable' for China's unreliable entities list: official

    China on Sunday sought to soothe concerns over its newly released provisions for the Unreliable Entity List that aims to sanction foreign entities harming Chinese interests, as an official offered reassurance that the mechanism will not affect China's opening-up policies ...

    By Global Times | 2020/9/20 14:20:18
  • 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
  • China, EU hold first high-level dialogue on digital cooperation

    Senior Chinese and EU officials held their first high-level dialogue on digital cooperation and had what both sides described as "constructive" discussions on cooperation in digital technology, information and communication technology standards, artificial intelligence (AI) and other topics.

    By Wang Cong and Zhang Hongpei | 2020/9/10 23:21:04
  • 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
  • AIIB meeting to boost regional cooperation amid tension

    As leaders, officials and experts meet virtually on Tuesday for a meeting of the 102-member Asian Infrastructure Investment Bank (AIIB), they will likely focus on boosting regional and global cooperation, and highlighting the urgency to stand up to a rising ...

    By Wang Cong | 2020/7/27 22:22:15
  • 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
  • Closure of consulate could hurt US states' trade with China: former diplomat

    The abrupt move by the US to order the closure of the Chinese consulate in Houston, Texas could hamper $60 billion worth of trade between the eight US states the consulate covers and China, as well as hundreds of Chinese ...

    By Wang Cong | 2020/7/23 21:28:40
  • 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
  • Calls rise in China for US tariff removals

    There are rising calls in China for US to further remove higher tariffs on Chinese products, as part of efforts to create better conditions for both sides to implement the phase one trade agreement. US officials have reportedly rejected ...

    By Wang Cong | 2020/6/18 20:33:40
  • 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 attacks China's defense sector with more 'lies'

    Even as the US political establishment is under siege amid nationwide riots that have plunged the country into chaos, US officials, instead of addressing profound domestic woes, waged a new series of attacks against China targeting Chinese students and companies ...

    By Liu Xuanzun and Wang Cong | 2020/6/2 20:18:40
  • 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