Wang Cong
Reporter, Beijing
Wang Cong co-leads GT’s business desk. He covers China’s macroeconomic policies and global trade.
  • BRICS foreign ministers meet with expansion in focus; group eyes cooperation, not confrontation

    Foreign ministers from the BRICS countries – Brazil, Russia, India, China and South Africa – kicked off a meeting on Thursday in Cape Town, South Africa, where they are expected to discuss a wide range of issues, including preparation for ...

    By Wang Cong and Liu Xin | 2023/6/1 22:22:38
  • Xiconomics in Practice: Xi leads China in boosting tech self-reliance, fostering new growth drivers amid fierce global competition

    On a sweltering Friday afternoon, cranes periodically maneuver over a massive construction site in northwest Beijing's Haidian district. Inside the walled-up site, trucks and machines roar, though the sound is muffled. At first glance, this is just a typical scene ...

    By Wang Cong and Chi Jingyi | 2023/5/29 20:13:31
  • China embraces global businesses with major tech forums, in clear rejection of US' containment

    China is making clear its unwavering commitment to openness and global cooperation in scientific and technological innovation with two major tech forums that have brought together businesses and scholars from around the world, in a resounding rejection of the US' ...

    By Wang Cong and Tu Lei in Beijing and Chi Jingyi in Guiyang | 2023/5/26 21:50:48
  • Xi's footprints in Xiong'an highlight 'miraculous' transformation of 'city of the future'

    Standing in the middle of a massive construction site with a strong, gusty wind and constant construction noise in the background, Fu Xing, a mid-aged, bespectacled construction manager with a slight figure can barely be heard. Wearing his typical workman ...

    By Tu Lei in Xiong'an and Wang Cong in Beijing | 2023/5/22 21:00:41
  • China-CEEC expo kicks off with record participation, as nations boost trade despite geopolitical noise

    The 3rd China-Central & Eastern European Countries (CEEC) Expo officially kicked off in Ningbo, East China's Zhejiang Province on Tuesday, drawing a record number of participants as many CEEC businesses are keen to introduce everything from agricultural products to wine ...

    By Song Lin in Ningbo and Wang Cong in Beijing | 2023/5/16 21:53:33
  • US debt woes cast dark cloud over G7; radical anti-China plans face growing resistance

    As finance leaders of the Group of Seven (G7) countries continued their three-day meeting in Japan on Friday in preparation for the leaders' summit next week, Washington's gridlock over its debt ceiling issue has cast a dark cloud over the ...

    By Wang Cong and Yu Xi | 2023/5/12 22:13:09
  • Anti-spy actions send warning to anti-China forces, not legitimate foreign businesses

    A detailed report by China Media Group (CMG) detailing Chinese national security and other authorities' recent law enforcement action against consultancy Capvision has drawn widespread attention from foreign media outlets and representatives of certain Western business groups in China. But ...

    By Wang Cong | 2023/5/11 11:40:18
  • China to work with WIPO to make IPR governance 'fairer' as 50 years of cooperation celebrated

    China is willing to further deepen friendly cooperation with the World Intellectual Property Organization (WIPO), and work together to make the global intellectual property governance system fairer and more equitable and better improve the well-being of humankind, Chinese President Xi ...

    By Wang Cong and Tao Mingyang | 2023/4/26 21:14:23
  • Revival of ancient port highlights China's unwavering opening-up

    Sitting at the southernmost tip of the Chinese mainland, Xuwen Port in Zhanjiang, South China's Guangdong Province was one of the starting ports for the ancient Maritime Silk Road more than 2,000 years ago. Today, the port is the world's ...

    By Chu Daye in Zhanjiang and Wang Cong in Beijing | 2023/4/24 21:20:19
  • Largest-ever Canton Fair opens, as global traders express confidence in China

    The 133rd China Import and Export Fair, commonly known as the Canton Fair, officially kicked off with an opening ceremony on Friday in Guangzhou, South China's Guangdong, and is expected to be the largest ever after fully resuming its offline ...

    By Chi Jingyi in Guangzhou and Wang Cong in Beijing | 2023/4/14 21:06:42
  • Brazil's President Lula starts China tour, eyeing closer bilateral cooperation

    Brazilian President Luiz Inácio Lula da Silva on Wednesday officially kicked off his highly expected visit to China, after a brief delay due to his health condition.

    By Liu Yang, Yu Xi and Wang Cong | 2023/4/12 23:33:43
  • Rise of China's 'Silicon Valley' for seeds highlights robust efforts to ensure food security

    Sanya, a city in South China's Hainan Province, is known as a holiday paradise for both Chinese and foreign travelers. However, when Yuan Zhipeng arrived in the city in 2020, he didn't come for the beautiful beaches and resorts the ...

    By Wang Cong in Sanya | 2023/4/6 20:13:41
  • Chinese scientists eye breakthroughs in seed tech, warn against over-reliance on imports

    Top Chinese agricultural scientists have warned against food security risks for the country due to a number of factors, including growing domestic demand and over-reliance on imports amid global uncertainties, while vowing to make breakthroughs in studying and finding better ...

    By Wang Cong and Yang Shasha in Sanya | 2023/4/2 22:51:27
  • China shows world its post-pandemic recovery with back-to-back forums

    "The world assumed China had been sleeping for three years, but it certainly has not," Mark Hutchinson, CEO of Fortescue Future Industries, an Australian green energy firm, said at a panel discussion at the BFA, pointing to advances in China's ...

    By Wang Cong in Boao | 2023/4/1 1:47:22
  • Chinese premier meets world leaders ahead of key address at Boao forum, voices confidence in meeting 2023 growth target

    Chinese Premier Li Qiang inspected South China's Hainan Province and met with Prime Minister of Côte d'Ivoire Patrick Achi and Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, stressing China's high-level opening-up and firm support for multilateralism and ...

    By Wang Cong and Zhang Han in Boao | 2023/3/30 1:33:21
  • In Boao, Asian officials, experts urge to advance regional integration, as US tries to split region

    Asian officials and top experts on Wednesday called for efforts to safeguard and advance regional economic integration, which they say is crucial for regional and global peace and prosperity, as they warned against the dangers of rising major power rivalry ...

    By Wang Cong in Boao | 2023/3/29 21:12:52
  • Foreign media's obsession with Jack Ma's travels misreads China's policies for private sector

    Behind foreign media outlets' obsession with Jack Ma's travels is their relentless campaign to smear China, in this case China's policies for the private sector. But as usual, they are wrong and utterly unprofessional. Just take a look at the ...

    By Wang Cong | 2023/3/29 12:16:38
  • Asia to be 'bright spot' despite bleak global economy, as China's rapid rebound offers boost: Boao forum

    The Boao Forum for Asia (BFA) said in a report on Tuesday that Asia's economy is expected to grow 4.5 percent in 2023 thanks to an accelerating pace of growth, which will be a “bright spot” in an otherwise bleak ...

    By Wang Cong and Hu Yuwei in Boao | 2023/3/28 20:20:29
  • Boao Forum kicks off in China's Hainan, calling Asia a 'bright spot' in bleak global economy

    The Boao Forum for Asia (BFA) officially kicked off its annual conference in Boao, South China's Hainan Province on Tuesday, with experts saying Asia's accelerating economic recovery in 2023 will be a "bright spot" in an otherwise bleak economic landscape ...

    By Wang Cong in Boao | 2023/3/28 12:25:27
  • US wants to seize TikTok with xenophobic showboating? Don't even think about it

    One thing was widely anticipated before TikTok CEO Shou Zi Chew testified before the US Congress, and then verified on Thursday: that the hearing was nothing more than xenophobic political grandstanding and that nothing will change Washington's attempt to seize ...

    By Wang Cong | 2023/3/24 22:16:31
  • US seeks to push forward IPEF, but encounters growing resistance

    The US is aggressively pushing forward talks for its so-called Indo-Pacific Economic Framework (IPEF), which is widely viewed as an attempt to rope in countries in the Asia-Pacific region to contain China, but negotiations have not only failed to make ...

    By Wang Cong | 2023/3/20 22:18:46
  • China refutes claims of 'trade curbs' on Australian coal, says permits can be applied for normally

    China's Ministry of Commerce (MOFCOM) on Thursday pushed back against foreign media claims of Chinese “trade curbs” against Australian coal imports, saying such misleading claims are inappropriate and China's automatic permit management system for coal imports is functioning normally.

    By Wang Cong | 2023/3/16 23:26:24
  • President Xi stresses ensuring grain, other agri-products supply a top priority

    China will fully promote rural vitalization and accelerate the pace of agricultural and rural modernization in order to the build the country into a great agricultural power by the middle of this century, President Xi Jinping stressed in an article ...

    By Wang Cong and Liu Yang | 2023/3/15 20:55:53
  • Xiconomics in Practice: President Xi puts high-quality devt front and center at two sessions

    During this year's two sessions, Xi made three such visits and meetings and delivered a speech at the closing meeting of the first session of the 14th National People's Congress (NPC), the country's national legislature, on Monday morning. On three ...

    By Wang Cong and Tu Lei | 2023/3/14 21:54:40
  • Encouraged by Xi's words, Chinese private firms vow sound devt, greater social responsibility

    President Xi Jinping's unswerving support and encouraging words for the country's private businesses have reverberated through the vast private sector, with many firms and entrepreneurs on Tuesday vowing to strive for sound development in line with the country's goal for ...

    By Wang Cong and Tu Lei | 2023/3/7 22:44:58
  • Foreign media's slander against China's GDP target ignores nation's high-quality devt

    Chinese officials said on Monday the country's goal to achieve a GDP growth target of around 5 percent in 2023 conforms to the long-term trend of economic development and the focus on tackling risks and improving quality and efficiency, underscoring ...

    By Wang Cong and Zhao Yusha | 2023/3/6 21:44:38
  • Xi's focus sheds light on top agenda at two sessions

    As China prepares to kick off its annual two sessions on Saturday, what can be expected from one of China's most important political and economic events of the year? President Xi Jinping's remarks made at various top meetings over the ...

    By Wang Cong | 2023/3/2 21:07:54
  • Global focus turns to China's two sessions for relief amid economic woes

    As recession warning signs continue to flash for the global economy, particularly in some advanced economies, Chinese and overseas markets and businesses are turning their eyes to one of China's most important political events scheduled to start later this week, ...

    By Wang Cong | 2023/2/27 22:49:55
  • China's state-owned firms set to boost economic recovery in 2023

    The head of China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC), which oversees giant state-owned enterprises (SOEs), vowed on Thursday that it will strive for faster growth in the profits of centrally administered SOEs and take ...

    By Wang Cong | 2023/2/23 20:18:48
  • China, five Central Asian nations hold forum to boost industry, investment cooperation

    China and five Central Asian countries on Thursday kicked off a first-ever forum on industry and investment cooperation in Qingdao, East China's Shandong Province, eyeing greater collaboration in digital economy, energy and agriculture.

    By Wang Cong and Tao Mingyang | 2023/2/16 20:25:51
  • China-Philippines cooperation shouldn't be disrupted by US meddling

    Over the past week or so, many foreign media outlets have been hyping an incident on February 6 involving Chinese and Philippine vessels in the waters off the Ren'ai Reef, which is part of China's Nansha Islands. US officials, in ...

    By Wang Cong | 2023/2/15 15:08:20
  • Xiconomics in Practice: What does pursuit of Chinese modernization look like in remote, less-developed areas like Liangshan?

    Editor's Note: Since 2012, China has witnessed an extraordinary economic transition, with historic achievements in all aspects of the economy from its size to quality. Such an unparalleled feat does not just happen, especially during a tumultuous period in the global ...

    By Wang Cong | 2023/2/12 23:44:19
  • GT on the spot: At Manzhouli port, northeast China, nonstop roar of cargo trucks tells of soaring China-Russia trade

    On a cold Thursday at the Manzhouli port in North China's Inner Mongolia, the roar of trucks and excavators was constant. An endless stream of cargo trucks passed through the port and on the roadside, and long lines of trucks ...

    By Tao Mingyang in Manzhouli and Wang Cong in Beijing | 2023/2/9 21:05:49
  • Canberra must address China's concerns, as it seeks 'unimpeded trade'

    Chinese Commerce Minister Wang Wentao on Monday held a video meeting with Australian Trade Minister Don Farrell, the first meeting between a Chinese commerce minister and an Australian trade minister in three years. Both sides described the meeting as an ...

    By Wang Cong | 2023/2/7 16:05:43
  • Tokyo eyes chip revival, but its obedience to US in the way

    In 1986, Japan was forced by the US into an agreement that led to the dismantling of its once world-leading chip industry. Now, Japan wants to revive the sector, but it must take orders from the US again to target ...

    By Wang Cong | 2023/2/6 20:47:32
  • Holiday rebound propels Chinese stocks to near bull market

    Chinese mainland stocks mounted a remarkable rally on Monday, the first trading day of the year of the Rabbit, with a benchmark surging to a near bull market, despite a pullback later in the session, as market sentiments are evidently ...

    By Wang Cong and Song Lin | 2023/1/30 21:24:07
  • China's growth outlook, support for multilateralism underpin hope for global economy in Davos

    Chinese Vice Premier Liu He on Tuesday offered a comprehensive view on China's economy and its development strategies during a speech at the World Economic Forum's (WEF) annual meeting in Davos, Switzerland, expressing confidence in an overall improvement of China's ...

    By Wang Cong and Qi Xijia | 2023/1/17 23:44:35
  • China's economic recovery in focus as WEF kicks off amid fragmentation

    As thousands of political, economic and social leaders from around the world gather in the Swiss resort of Davos for the annual conference of the World Economic Forum (WEF), which kicked off in person on Monday for the first time ...

    By Wang Cong and Liu Yang | 2023/1/16 22:55:23
  • From stable CPI to rosy local GDP targets, more signs show China's fast economic rebound

    Several economic indicators and other prominent signs on Thursday suggested that the Chinese economy is headed for a fast recovery and a world-leading growth rate in 2023, with latest inflation data showing price stability in 2022 despite huge pressure. As ...

    By Wang Cong and Tao Mingyang | 2023/1/12 21:10:37
  • After reopening, Erenhot, and other Chinese border cities eye fast economic recovery

    On a Monday morning in Erenhot, North China's Inner Mongolia Autonomous Region, temperatures are low and the streets are mostly empty. But for Li, a local government official, this winter is relatively warmer and busy scenes will soon return to ...

    By Tao Mingyang in Erenhot and Wang Cong in Beijing | 2023/1/9 20:35:32
  • Border ports in full swing as COVID restrictions are lifted

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

    By Tao Mingyang in Erenhot, Li Qiaoyi in Hekou, and Wang Cong in Beijing | 2023/1/8 21:31:07
  • Chinese stocks mount solid recovery on first trading day of 2023 amid optimism for economic rebound

    Chinese stocks both on the mainland and in Hong Kong made solid gains on Tuesday, the first trading day of 2023, after overcoming earlier losses, with certain indexes pointing to the best start to a year in four years, with ...

    By Wang Cong and Tao Mingyang | 2023/1/3 21:37:36
  • In a tough 2022, China's economic governance inspires stability, US protectionism wreaks havoc globally

    China's ultra-efficiency in policymaking and implementation has been on full display in the last week of 2022. After the nation's top health authority on Monday night announced it will downgrade management of COVID-19 and lift quarantine requirements on inbound travelers ...

    By Wang Cong and Tao Mingyang | 2022/12/29 22:18:55
  • Xi's trips across country focus on harvest, food security amid global crisis

    In a major speech at the central rural work conference from Friday to Saturday, where top officials mapped out policy priorities for agriculture, rural areas, and farmers in 2023, President Xi Jinping again stressed the need to protect food security, ...

    By Wang Cong and Yin Yeping | 2022/12/25 23:43:11
  • Western media's 'China collapse' fearmongering aims to cover up crises at home

    Jonathan Tepperman, former editor of Foreign Policy magazine, wrote that the US should adjust policies to deal with a “collapsing China.” Many Western media reports have intensified “China collapse” fearmongering, which is an attempt to cover up crises in the ...

    By Wang Cong | 2022/12/20 0:23:53
  • US-Africa summit: how Washington's confrontational foreign policy loses hearts and minds

    In August 2014, when then US president Barack Obama convened the first ever US-Africa Leaders' Summit in Washington DC, he announced, among the very few outcomes of the three-day event, that the summit “will be a recurring event.” More than ...

    By Wang Cong | 2022/12/15 23:23:23
  • China's economy will again prove Western doubters wrong

    We Chinese people have reasons to believe we are well positioned to move into a new chapter. When we eventually emerge from the cloud of COVID-19 stronger, all the Western media headlines desperately wishing for a "China collapse" will again ...

    By Wang Cong | 2022/12/14 1:42:59
  • China poised for a spectacular economic recovery; here is why

    As China moves decisively to get out of the haze of the COVID-19 pandemic, a battle to boost the economic recovery has also begun. The rebound will be nothing short of spectacular.

    By Wang Cong | 2022/12/10 20:37:26
  • US formally ends shady case against Meng Wanzhou, makes a fool out of Canada

    A US district judge in Brooklyn, New York on Friday dismissed an indictment against Meng Wanzhou, chief financial officer of Chinese telecom giant Huawei Technologies. The move is purely a formality after a deferred prosecution agreement reached with US prosecutors ...

    By Wang Cong | 2022/12/3 22:52:26
  • Will positive signs for China-EU investment deal lead to progress at last?

    As more European leaders are coming to China for talks in what appears to be a clear shift in approach to China, many are keenly watching for signs of breakthroughs in bilateral ties that have been strained over the past ...

    By Wang Cong | 2022/12/1 23:15:00
  • UK govt's $839m buyout may be best exit for Chinese firm from troubled nuclear plant

    The UK government confirmed on Tuesday that it would spend 700 million pounds ($839 million) of its taxpayers' money amid the worst cost-of-living crisis in decades simply to buy out a Chinese firm's stake in the Sizewell C nuclear power ...

    By Wang Cong | 2022/11/30 23:13:58
  • China, Thailand vow to build a community with a shared future, 'marking high-level strategic trust, great cooperation potential'

    Chinese President Xi Jinping and Thai Prime Minister Prayut Chan-o-cha on Saturday agreed to build a more stable, prosperous and sustainable China-Thailand community with a shared future during their meeting in Bangkok.

    By Wang Cong in Bangkok, Zhang Han and Chen Qingqing in Beijing | 2022/11/19 17:42:06
  • China's leading role highlighted at APEC as US' relevance questioned

    Chinese President Xi Jinping on Thursday delivered a written speech to the Asia-Pacific Economic Cooperation (APEC) CEO Summit held in Bangkok, capital of Thailand, calling for steadfastly advancing the Asia-Pacific regional economic integration and building a Asia-Pacific community of shared ...

    By Wang Cong and Bai Yunyi in Bangkok | 2022/11/17 22:18:52
  • G20 concludes striving to seek common ground, push cooperation

    The 2022 G20 Leaders' Summit concluded on Wednesday with member states issuing a joint declaration on cooperation for global development, and analysts said that China's proposals have received worldwide support and contributed wisdom for the turbulent world to deal with ...

    By Wang Cong and Bai Yunyi in Bali, Yang Sheng in Beijing | 2022/11/17 0:59:50
  • China-Indonesia trade exchanges to get stronger as G20 lays foundation for closer ties

    Economic connections between China and Indonesia, host of the ongoing G20 Summit, are set to be strengthened, underpinned by a shared vision between the two countries and a new pattern of bilateral relations driven by the "four wheels" - political, ...

    By Wang Cong in Bali and Shen Weiduo in Beijing | 2022/11/15 21:17:07
  • Xi urges inclusive global development, warns against bloc confrontation at G20 summit

    Speaking at the G20 Leaders' Summit in Bali, Indonesia on Tuesday, Chinese President Xi Jinping called for unity and inclusive global development as the world faces major challenges, while warning that drawing ideological lines and promoting group politics and bloc ...

    By Wang Cong in Bali | 2022/11/15 12:38:09
  • US must heed calls from Indonesia and not hijack G20 summit

    The Jakarta Post, the main English-language daily in Indonesia, which holds the G20 presidency this year, made a sincere appeal to world leaders on Monday: “Please don't come to Bali just to quarrel.” In an article written by Kornelius Purba, ...

    By Wang Cong | 2022/11/8 2:02:22
  • Scholz unequivocally rejects decoupling, but actions will speak louder

    During German Chancellor Olaf Scholz's closely watched trip to China on Friday, China and Germany discussed a wide range of topics, including bilateral economic and trade cooperation and global issues of shared interest. While much of the discussions were more ...

    By Wang Cong | 2022/11/6 23:35:00
  • Scholz must focus on pragmatic cooperation, not geopolitics, for China trip to be successful

    After weeks of speculation and controversy, German Chancellor Olaf Scholz is set to arrive in Beijing later this week for his first visit to China since becoming chancellor. Scholz himself has for weeks made clear his plan to visit China, ...

    By Wang Cong | 2022/10/31 23:27:32
  • 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