Xie Jun
Reporter, Shanghai
Global Times reporter based in Shanghai, covering financial news and breaking news related to large corps surrounding Shanghai.
LATEST STORIES
  • Li pledges 'fertile' Chinese market for foreign investment at Canton Fair opening

    China vowed again to open up its economy further and made a call for global cooperation, as the country opened its landmark trade fair on Thursday in Guangzhou, the first time both in-person and online since the coronavirus hit, a ...

    By Chi Jingyi in Guangzhou, Xie Jun in Shanghai and Tao Mingyang in Beijing | 2021/10/14 22:53:39
  • China urges US to turn economic ties into 'ice breakers' amid stable trade data

    China and the US made another step forward in sending warm signals to each other, with Chinese Vice Foreign Minister Le Yucheng recently urging the US to "turn economic cooperation and trade into an ice breaker" in China-US relations, in ...

    By Xie Jun and Xiong Xinyi | 2021/10/13 22:39:36
  • China liberalizes power pricing in bid to help address shortages

    China's National Development and Reform Commission (NDRC), the top economic planner, on Tuesday announced plans to improve the country's coal-fired power pricing mechanism with measures such as expanding the fluctuation range for power prices – a move that experts say ...

    By Xie Jun and Xiong Xinyi | 2021/10/12 21:18:40
  • Chinese firms face difficulties amid power cuts, but remedial measures underway

    Chinese businesses and factories in certain areas, including the country's main small commodity export hub in Yiwu, East China's Zhejiang Province, are facing difficulties in producing and delivering products to clients on time due to restrictions on electricity use amid ...

    By Xie Jun and Qi Xijia | 2021/10/11 19:53:39
  • China-US trade talks spark cautious optimism

    A phone call between senior Chinese and US trade officials on Saturday sparked cautious optimism among some analysts over the possibility of both sides moving to resolve certain trade issues, including tariffs, but they also cautioned that the US will ...

    By Xie Jun | 2021/10/10 19:43:40
  • Golden Week sees spending boom

    China's week-long National Day holidays beginning October 1, known as the country's "Golden Week", saw flourishing spending in sectors like movies and duty-free stores, although travel was restrained by the lingering impact of the coronavirus, a phenomenon that experts said ...

    By Xie Jun | 2021/10/7 19:33:39
  • Reporter's diary: a vigorous yet low-profile Wuzhen Summit marks turning of China's internet industry toward practicality

    The day before I departed for Wuzhen, a beautiful water town in East China's Zhejiang Province to attend this year's World Internet Conference (WIC), more frequently called the “Wuzhen Summit,” I read an article in the South China Morning Post ...

    By Xie Jun in Wuzhen | 2021/9/28 18:47:17
  • Chinese internet companies discuss social responsibility amid tightened scrutiny

    In a year when China's internet based companies are facing tightening scrutiny from regulators, social responsibility has become a keyword at the 2021 World Internet Conference (WIC) Wuzhen Summit, with many companies displaying their social responsibility achievements in their expo ...

    By Xie Jun in Wuzhen | 2021/9/27 19:48:39
  • Chinese Big Tech vows to support SMEs at premier internet summit

    At the water town of Wuzhen in East China's Zhejiang Province where a high-level annual internet forum puts China's best and brightest tech talent on show surrounded by voices of confidence and resilience from tech luminaries from both home and ...

    By Zhang Dan and Li Qiaoyi in Beijing, Xie Jun in Wuzhen and Qi Xijia in Shanghai | 2021/9/26 23:03:39
  • New US rule expected to push more Chinese firms to delist, return to domestic bourses

    The US Securities and Exchange Commission (SEC) has reportedly adopted a new rule that potentially threatens Chinese companies with delisting, a move that experts said would encourage more Chinese firms to leave US bourses and list in mainland and Hong ...

    By Xie Jun | 2021/9/24 2:33:41
  • China's housing market cools down amid tight regulations to combat speculation

    China might not have its customary "gold and silver months" for home sales this year, which are normally in September and October, experts predicted, as recent data showed a continued cooling trend triggered by a mixture of factors, including tightened ...

    By Xie Jun | 2021/9/22 22:08:39
  • China's CPTPP application faces hurdles, but vast market 'irresistible'

    After China officially applied to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), members of the major Asia-Pacific trade pact showed different attitudes, with Japan showing a somewhat ambiguous, cautious stance, while countries like Singapore expressing support. ...

    By Xie Jun and Tu Lei | 2021/9/17 21:08:37
  • China's BeiDou system is on rapid rise, open to global cooperation

    From life-or-death situations like disaster warning to tiny gadgets like smart watches, Chinese companies displayed how the country's self-developed BeiDou Navigation Satellite System (BDS) has been put into use across many different areas at the First International Summit on BDS ...

    By Xie Jun and Liu Yang | 2021/9/16 21:38:39
  • Mainland-HK bond linkup to start southbound trading in landmark move for financial opening-up

    The long-anticipated southbound leg of the bond trading linkup between the Chinese mainland and Hong Kong will be launched next week, officials announced on Wednesday, ending the suspense of the last four years after the availability of the northbound trading.

    By Li Qiaoyi and Xie Jun | 2021/9/15 22:08:39
  • Universal Beijing off to a good start amid cold ties; defying 'anti-US' stereotype painted by Western media

    Harry Potter rides, the Jurassic World Adventure and Minion Land… Chinese social media platforms were flooded with posts and photos posted by the lucky visitors to the Universal Beijing Resort theme park during its trial opening starting September 1. This ...

    By Zhao Yusha in Beijing and Xie Jun in Shanghai | 2021/9/15 0:14:53
  • Shenzhen announces measures to enhance scientific cooperation with Hong Kong

    Shenzhen has announced a series of measures to enhance scientific cooperation with Hong Kong via the Qianhai economic zone, ranging from encouraging the setup of laboratories by Hong Kong colleges and universities in Qianhai to speeding up the construction of ...

    By Xie Jun | 2021/9/13 20:42:46
  • Huawei executive discusses 6G plans, as US chip ban reaches one year anniversary

    Chinese telecom giant Huawei Technologies has unveiled its 6G plans, saying that it aims to launch 6G products around 2030, the company's rotating chairman Eric Xu Zhiju wrote recently, in a sign of the company's resilience after a year-long US' ...

    By Xie Jun | 2021/9/12 20:48:40
  • Guangdong-Macao zone to speed integration

    China aims to push forward cooperation between Macao and Guangdong Province by establishing an in-depth cooperation zone in Hengqin, an island located in Guangdong's Zhuhai not far from the Macao Special Administrative Region, in what some experts called the country's ...

    By Xie Jun and Tao Mingyang | 2021/9/6 22:20:54
  • Plan will deepen opening-up of Qianhai

    One day after the Chinese government rolled out a plan to build a Guangdong-Macao cooperation zone in Hengqin island, it launched another program to deepen opening-up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, a development zone located ...

    By Xie Jun and Chi Jingyi | 2021/9/6 21:23:39
  • Rapid progress for Beijing bourse

    China is moving swiftly to launch a stock exchange in Beijing to serve small and medium-sized enterprises (SMEs), as Beijing Securities Exchange Limited Co was registered and details of IPO rules and membership management regulations were released just days after ...

    By Chi Jingyi and Xie Jun | 2021/9/5 20:13:39
  • Alibaba to invest $15.48b by 2025 to support common prosperity goal

    China's e-commerce giant Alibaba announced on Thursday that it will invest 100 billion yuan ($15.48 billion) in total before 2025 to support China's pursuit of common prosperity for all, joining a league of Chinese companies that are moving swiftly to ...

    By Xie Jun and Chi Jingyi | 2021/9/2 20:48:39
  • Chinese firms push forward 5G application in industries, epidemic control

    While many countries around the world are still trying to accelerate their research and development of 5G technologies, Chinese companies are already pushing forward 5G application in a growing list of industries and scenarios such as epidemic prevention and control ...

    By Tao Mingyang and Xie Jun | 2021/9/1 20:03:40
  • Chinese firms show off latest 5G capabilities in defiance of US crackdown

    Chinese telecommunications companies showcased their latest 5G technologies and solutions at a major industry event on Tuesday, underscoring China's continued advances in such a critical area despite the US' escalating crackdown campaign against Chinese companies.

    By Xie Jun | 2021/8/31 21:04:58
  • China's path to common prosperity: Zhejiang foretells nation's 2nd centenary goal

    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 Xie Jun | 2021/8/31 18:43:40
  • Cloud computing stocks rally after reported local regulatory change

    Chinese cloud computing shares rallied on Monday, after news reports of North China's Tianjin Municipality asking local state-owned companies to transfer data from private cloud operators to a state-backed system by next year.

    By Xie Jun | 2021/8/30 20:03:40
  • More Chinese firms scrap overtime policy after official warning

    More Chinese companies have said that they will scrap corporate policies that push employees to work overtime, as the country's regulators warned against the excessive work culture that has become increasingly popular at large domestic tech companies and has drawn ...

    By Xie Jun | 2021/8/29 20:28:39
  • Negative list for cross-border services takes effect in Hainan Province

    A negative list for cross-border trade in services in South China's Hainan Province, which is also China's first negative list for the services trade, started to take effect on Thursday.

    By Xie Jun and Xiong Xinyi | 2021/8/26 19:23:39
  • Replacing Chinese rare-earth magnets 'tough'

    Many countries will find it hard to shake off reliance on China's rare-earth magnets, especially medium-level products, despite some governments' attempts to replace Chinese magnet producers with domestic ones, experts and industry sources said.

    By Xie Jun | 2021/8/25 20:03:40
  • China plans cross-border accounting, auditing cooperation

    China will engage in cross-border accounting and auditing cooperation according to laws and regulations, the General Office of the State Council, China's cabinet, said in a guideline released recently. Experts said that the move reflected China's inclination to provide a ...

    By Qi Xijia and Xie Jun | 2021/8/23 22:21:09
  • China's Yiwu sees strong rebound in Christmas orders, but new problems emerge

    For Christmas product sellers in Yiwu, the world's largest wholesale market for Christmas ornaments in East China's Zhejiang Province, the business winter they experienced last year because of the coronavirus outbreak has passed, but the spring has not yet come, ...

    By Xie Jun and Yin Yeping | 2021/8/16 19:08:39
  • Chinese actor Zhang Zhehan 'pays heavy price' by posing at Japan's notorious Yasukuni Shrine; 'all brands end cooperation'

    Chinese actor Zhang Zhehan sparked outrage among the Chinese public on Friday, after photos were spread on social media in which he was seen posing at Japan's notorious Yasukuni Shrine, which honors some of Japan's worst war criminals.

    By Huang Lanlan and Xie Jun | 2021/8/13 23:09:37
  • Overseas financial institutions move to buy more tech shares in vote of confidence for Chinese online sector

    Overseas financial institutions have moved to increase holdings in Chinese internet giants' shares including that of Alibaba and Tencent in July, a move which analysts said reflected overseas investors' confidence in China's online economic growth as well as their nod ...

    By Xie Jun | 2021/8/13 16:39:26
  • Yellen reportedly weighs China visit, US debt and tariffs could be discussed

    The US is eager to increase communication with China at a time when it is facing pressure from domestic businesses to reset China-US relations as well as its own challenges like mounting debt, economists said on Thursday, following a media ...

    By Xie Jun | 2021/8/12 20:18:39
  • HK market sees booming business due to dynamism brought by mainland stock links, IPOs

    The Hong Kong Stock Exchange (HKEX) has reported record revenues during the first six months this year, driven by the momentum of Hong Kong-Chinese mainland stock link system and the recent trend of mainland-based companies seeking IPOs in Hong Kong.

    By Xie Jun and Li Qiaoyi | 2021/8/11 20:28:39
  • China's excavator sales drop a mirror of its resolve to move away from intensive development

    Sales of excavators, often considered a barometer of China's economy, fell 9.24 percent year-on-year in July, reflecting an upgrade of infrastructure investment as the country shifts from extensive economic growth to high-quality development.

    By Xie Jun and Tao Mingyang | 2021/8/10 20:01:49
  • China's exports to B&R countries show robust growth despite COVID-19 challenge

    China's exports to countries participating in the Belt and Road Initiative (B&R) have surged by 25.3 percent on a yearly basis in the first seven months this year, as Chinese experts praised trade with the B&R Initiative regions as a ...

    By Xie Jun and Shen Weiduo | 2021/8/9 18:08:40
  • Chinese trade data shows the failure of the US' decoupling push

    Many US politicians have been pushing for an economic decoupling from China, but latest trade data shows that the two biggest economies remain strong in terms of trade despite tense bilateral relations, showing the failure of the US' decoupling efforts, ...

    By Xie Jun | 2021/8/8 22:29:23
  • Wang Yi calls for economic integration in East Asia

    Further integration among ASEAN, Japan, South Korea and China is vital to the region, particularly as many Asian countries are facing economic challenges amid the recent coronavirus resurge, experts said on Wednesday, following Chinese State Councilor and Foreign Minister Wang ...

    By Xie Jun and Zhang Han | 2021/8/4 22:27:53
  • China's Pudong eyes breakthrough tech innovation

    When Lu Xiaowei started her career in Zhangjiang, a 17-square-kilometer farmland in Shanghai's Pudong New Area in 1993, there was little more than a deserted reed marsh, with no roads and little traffic.

    By Li Xuanmin and Xie Jun in Shanghai | 2021/8/3 16:47:48
  • High-tech upstarts 'nation's new focus'

    China will focus on high-technology industries to develop new economic engines instead of relying on capital flooding in the second half of this year, a policy direction that is indicated at a recent meeting of the Political Bureau of the ...

    By Xie Jun | 2021/8/2 19:48:40
  • Multiple regions in China curb power use amid summer peak demand

    A number of provinces and regions in China have told local industrial companies to use electricity in an 'orderly' way amid a supply gap and peak summer demand, with some companies having had to cut production to abide by government ...

    By Xie Jun and Tao Mingyang | 2021/8/1 19:43:40
  • Pudong to be global financial zone

    Shanghai's Pudong New Area aims to attract more than 200 global institutional investors and five new legal person investment institutions this year, a government official in Pudong disclosed, as the country tries to model the area into an essential node ...

    By Xie Jun and Li Xuanmin in Shanghai | 2021/7/29 19:53:39
  • Chinese official warns of slower trade growth in H2, vows 'targeted' measures

    China isn't getting carried away with the buoyant trade growth of recent months, with officials warning of a possible slowdown in trade growth in the second half, while vowing to address problems like rising raw material prices and congested maritime ...

    By Xie Jun | 2021/7/22 21:03:40
  • Pioneer of China's socialist modernization eyes tech breakthroughs, financial opening

    The Pudong New Area of Shanghai will lead China's intensifying push for breakthroughs in key technologies such as basic software and integrated circuits, as the central government moves to model the area into a pioneer zone for socialist modernization in ...

    By Xie Jun and Qi Xijia | 2021/7/20 19:48:40
  • Chinese tech firms help Tokyo Olympics cope with COVID-19

    Chinese companies are actively participating in the upcoming Tokyo Olympic Games and helping one of the world's biggest sports events cope with special circumstances and challenges posed by the COVID-19 pandemic.

    By Xie Jun | 2021/7/19 20:50:56
  • China's economic recovery gains steam as H1 GDP surges by 12.7%

    China's post-COVID-19 comeback continues to gain steam as its economy posted growth in all sectors in the second quarter and GDP expanded 12.7 percent in the first half of the year, according to data released by the National Bureau of ...

    By Li Xuanmin and Xie Jun | 2021/7/15 21:43:39
  • China's GDP expands 7.9% in Q2, facing downward pressure in H2

    China's GDP expanded 7.9 percent year-over-year in the second quarter of 2021, continuing a streak of robust growth mainly thanks to the government's successful containment of the COVID-19 outbreak throughout the country, which sets the basis for a steady revival ...

    By Li Xuanmin and Xie Jun | 2021/7/15 10:01:42
  • Extension of CPEC into Afghanistan to boost local exports, journey of peace: analysts

    As officials from China, Pakistan and Afghanistan revealed an inclination to extend the China-Pakistan Economic Corridor (CPEC), a flagship Belt and Road Initiative (BRI) project into Afghanistan, experts said that such projects could help boost Afghanistan's exports, which is conducive ...

    By Xie Jun and Chu Daye | 2021/7/13 16:13:39
  • Balance of big data value unlocking and protection highlight amid Didi crisis; possible solutions introduced at WAIC

    The issue of data protection has become a hot topic during the 2021 World Artificial Intelligence Conference (WAIC), with workshops, forums and speakers pledging to enhance data security and exhibiting related technologies, after the removal of the “Chinese Uber” Didi ...

    By Xie Jun and Qi Xijia | 2021/7/9 22:59:27
  • China's central bank cuts RRR by 0.5 percentage points, to release 1 trillion yuan of long-term cash

    China's central bank announced on Friday to cut the required reserve ratio (RRR), the amount of cash that banks and financial institutions must hold as reserves, by 0.5 percentage points. The move is expected to release long-term capital of about ...

    By Yang Kunyi and Xie Jun | 2021/7/9 22:51:48
  • US firms seek AI openings in China despite fresh bilateral tension

    Even as tension between China and the US continue to escalate in a wide range of areas from trade to technology, US technological companies showed unabated passion about the Chinese market at an industry expo kicked off on Thursday in ...

    By Xie Jun and Qi Xijia | 2021/7/8 21:53:39
  • Nation steps up crackdown on securities crimes amid external risks

    China's top disciplinary bodies on Wednesday announced a special inspection of the country's top stock market regulator to "dig out" corruption, in the latest effort of China's intensifying crackdown campaign on securities crimes, including those involve Chinese companies listed overseas.

    By Xie Jun | 2021/7/7 22:03:40
  • Canberra to blame for market losses to the US: Foreign Ministry

    Many Australian products are losing market share in China to US goods, but that's what Canberra deserve given its roles as a "cannon fodder" for Washington, a spokesperson for the Chinese Foreign Ministry suggested on Tuesday.

    By Xie Jun and Yin Yeping | 2021/7/6 22:38:39
  • Chinese supercomputers hold onto supremacy despite US squeeze

    Despite the US government's technology squeeze, Chinese scientists remain confident that the country's supercomputing industry will "get back on track" once the semiconductor manufacturing problem is addressed.

    By Xie Jun and Xiong Xinyi | 2021/7/4 16:08:39
  • China accelerates digital yuan push amid rising global competition

    Chinese economists have refuted some overseas economists' allegation that the use of the digital yuan is a threat, saying China's currency reform won't bring fundamental change to global finance, although it may lead to less dominance of the US dollar. ...

    By Xie Jun | 2021/6/30 19:58:40
  • CATL-Tesla deal highlights Chinese EV battery sector's global rise

    The share price of Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology Co (CATL) surged by nearly 3 percent on Tuesday, after the company signed a new agreement with Tesla to provide battery packs for the US carmaker through ...

    By Xie Jun | 2021/6/29 18:53:39
  • Chinese tech firms put on a strong show at MWC 2021 despite challenges

    More than 100 Chinese companies, including Huawei and ZTE, attended the Mobile World Congress 2021 (MWC 2021) that kicked off on Monday in Barcelona, Spain, accounting for about one-fifth of the total number of exhibitors at the major industry event, ...

    By Xie Jun and Yin Yeping | 2021/6/28 21:58:39
  • Demand increases for used chips in China amid global supply shortage

    More secondhand semiconductor chips are being traded in Chinese electronics markets amid a severe shortage, industry insiders said, but these chips have not turned up in products made by mainstream mobile phone companies in China.

    By Xie Jun and Tao Mingyang | 2021/6/23 20:08:01
  • Chinese less favorable to Australia amid strained ties: GT poll

    The latest Chinese public opinion poll on Australia conducted by the Global Times Research Center showed that the Chinese people have a less favorable attitude toward Australia, and more than 40 percent consider Australia a threat on military, politics and ...

    By Chen Qingqing, Zhao Yusha, Xie Jun and Xu Keyue | 2021/6/23 1:03:39
  • HK's role as financial hub gets stronger, seeks more mainland connectivity: Lam

    Hong Kong Special Administrative Region (HKSAR) Chief Executive Carrie Lam on Sunday brushed off foreign criticism and smearing of the city's financial industry, saying its role as a global financial hub has only become stronger.

    By Xie Jun | 2021/6/20 21:31:46
  • Policy tightening for after-school tutoring

    China's after-school education institutions are anxiously waiting for further government instructions with many adjusting their business models to comply with policy changes, as the government's regulation of the lucrative industry continues.

    By Xie Jun | 2021/6/20 18:30:42
  • US' ban on DNA equipment over lies about Xinjiang will only help local firms: experts

    A US blockade on sales of DNA equipment and related products to Northwest China's Xinjiang Uygur Autonomous Region would be just another way for US politicians to target China over widely debunked lies about Xinjiang, and it will only speed ...

    By Yin Yeping and Xie Jun | 2021/6/16 21:18:40
  • Theme parks witnessing throngs of visitors in China

    With the COVID-19 pandemic battering the tourism industry throughout the globe, theme parks in particular, those located in the Chinese mainland have, however, witnessed the fastest recovery in the world.

    By Xie Jun and Chi Jingyi | 2021/6/15 19:44:01
  • China's nuclear power giant CGN dismisses reports of leak warning at a Guangdong facility, says indicators 'normal'

    All indicators of the Taishan Nuclear Power Plant in Taishan, South China's Guangdong Province and its surrounding environment are normal, according to continued monitoring data, the China General Nuclear Power Corporation (CGN), the operator of the plant, said in a ...

    By Chen Shasha and Xie Jun | 2021/6/14 21:40:13
  • Chinese local government mulls crackdown on Bitcoin mining

    Officials in Southwest China's Sichuan Province, a major base for cryptocurrency mining, are apparently mulling more actions against mining operations of Bitcoin and other crytocurrencies, as they were scheduled to convene a meeting on Wednesday to solicit suggetsions from indsutry ...

    By Xie Jun | 2021/6/2 20:10:49
  • Chinese wig producers run short of hair as pandemic hits Asian supply line

    Many Chinese wig producers are running short of raw material - genuine hair, which they used to import in large quantities from neighboring countries including India, but the surging coronavirus pandemic cut both production and transportation from those countries, industry ...

    By Xie Jun | 2021/6/1 17:55:53
  • Analysts warn CFIUS may block Chinese fund's deal for S.Korean chip firm

    Chinese analysts on Sunday warned that the US might thwart Chinese fund Wise Road Capital's planned acquisition of South Korean semiconductor giant Magnachip Semiconductor over fear of China's rising chip manufacturing capability, after the Committee on Foreign Investment in the ...

    By Xie Jun | 2021/5/30 19:05:47
  • Landbridge says mulling litigation to maintain its 99-year lease of Australian Darwin Port

    Chinese company Landbridge Group on Wednesday lashed out against Australia for "breaching basic contract spirit" and said it might resort to legal action, after the latter was reportedly turning back on a former lease of Australia's Darwin port to the ...

    By Xie Jun | 2021/5/26 18:59:47
  • Huawei HarmonyOS launch shows breaking of US technology myth

    Chinese telecom giant Huawei is set to introduce its HarmonyOS for its mobile phones at the beginning of June, a move which not only shows the company's successful shift to a new business focus that can largely free it from ...

    By Xie Jun and Ma Jingjing | 2021/5/25 22:39:45
  • Bitcoin mines may move out of China following tightening regulation

    Many Chinese bitcoin mines are considering moving out of China after the regulators re-emphasize plans to outlaw bitcoin-related payment services, although some mines in Southwest China's Sichuan Province are still operating as usual, industry insiders told the Global Times.

    By Xie Jun and Li Xuanmin | 2021/5/24 20:38:39
  • US stimulus checks help boost China's toy exports; price hikes expected

    China's toy factories are getting an influx of export orders this year, particularly from the US, with some seeing sales triple as demand for home entertainment products heats up under massive rescue packages and continuing home isolation.

    By Xie Jun and Wang Bozun | 2021/5/17 19:23:40
  • US companies research into China's carbon reduction plan, rush to be part of trillion-size market

    US companies are rushing to take a slice of China's carbon neutrality markets, which could amount to 1,000 trillion yuan ($155 trillion) by 2030 and cover multiple industries as the country strives to meet its carbon emissions peak goal in ...

    By Xie Jun | 2021/5/14 19:53:39
  • Trade between China-central/eastern Europe on the rise despite pandemic

    China's trade with central and eastern European countries has been on the rise despite the pandemic, as the outbreak has driven demand for certain items such as medical devices and home products both in China and Europe, officials and business ...

    By Xie Jun | 2021/5/13 0:19:12
  • Iron ore price soars as China-Australia trade uncertainties linger

    China's iron ore prices have hit record highs, driven by surging steel demand as well as speculation on fluctuations in China-Australia iron ore trade, industry experts told the Global Times. They also warned of a possible price plunge with market ...

    By Xie Jun and Yin Yeping | 2021/5/10 20:23:39
  • US crippling its financial dominance by elbowing out Chinese telcos: experts

    Three Chinese telecom giants have announced that they expect their American depositary receipts (ADRs) to be delisted from the New York Stock Exchange (NYSE) soon, reflecting a brewing trend of US segregation of US-listed Chinese companies, which experts said will ...

    By Xie Jun | 2021/5/9 19:34:49
  • Nio to deliver EVs to Norway from September

    Chinese electric vehicle (EV) maker Nio on Thursday announced plans to sell cars in Norway, the first overseas destination in the global market exploration for the company. Nio is one of China's most prominent EV start-ups which is also considered ...

    By Xie Jun in Shanghai | 2021/5/6 20:33:39
  • May Day holiday augurs full-fledged consumption recovery

    China's consumption engine has almost completely recovered to post-pandemic levels, as shown by surging spending on items from travel products to duty-free goods during the 2021 May Day holidays, which witnessed the country's largest population movement after last year's National ...

    By Xie Jun and Zhao Yusha | 2021/5/5 23:09:16
  • Nio makes final dash to sell cars in Europe

    Chinese electric vehicle (EV) maker Nio is making a final dash to sell cars in Europe, with the cars to be sold having already passed the EU's verification process, and a local management team will be set up in the ...

    By Xie Jun | 2021/4/20 20:23:40
  • Rising regional competition causes a slowdown in Chinese fabric exports orders

    China's textile machine production accelerated while overseas factories were trapped amid the coronavirus pandemic last year, but the trend seems to have turned in recent weeks, Chinese customs data showed.

    By Xie Jun | 2021/4/18 18:23:39
  • TikTok leads global downloads again in March despite US crackdown

    Chinese-owned short video app TikTok remained the most downloaded app worldwide in March, despite persistent crackdowns by the US over politically-motivated claims, latest industry data showed.

    By Xie Jun | 2021/4/11 20:18:39
  • China set for full recovery in tourism, but spending remains sluggish

    The number of domestic trips in China during the upcoming May Day holidays will likely surpass the level of 2019, a year before the COVID-19 pandemic, industry experts predicted on Tuesday, as one of the hardest-hit sectors by the virus ...

    By Xie Jun | 2021/4/6 20:13:39
  • Chinese consumption fires on all cylinders during Qingming Festival holidays

    China's consumption is firing on all cylinders including tourism and box office in the three-day Qingming Festival holidays to a level that is approaching, or even surpasses that of 2019, industry practitioners and companies said, as Chinese consumers rushed to ...

    By Xie Jun | 2021/4/5 23:23:39
  • China's steel sector to achieve carbon emissions peak in 2025

    China is rolling out proposals related to its goal of hitting peak carbon emissions by 2030, including setting a emission peak target for the steel sector at 2025.

    By Xie Jun and Ma Jingjing | 2021/3/30 19:38:40
  • China's hair business growing amid pandemic and industry irregularities

    Customs in Kunming, capital of Southwest China's Yunnan Province, has recently arrested 10 real hair smuggling groups in partnership with multiple customs. The smuggled hair has a total value of more than 1.1 billion yuan ($167 million), with 230 million ...

    By Xie Jun | 2021/3/30 17:48:39
  • China plans to be transport powerhouse, fueling GDP growth

    China will become a transportation powerhouse that "will leap to the front ranks of the world" by 2035, a government official told the media on Wednesday, while a stronger infrastructure buildup will fuel economic growth in the post-pandemic era and ...

    By Xie Jun | 2021/3/24 19:53:40
  • Baidu sells 11.4 million HK shares as tech giants embrace homecoming listing

    Chinese internet giant Baidu saw bids for its shares rise nearly 2 percent at the opening to HK$257 ($33.1) in gray-market trading on Monday, one day before its IPO in Hong Kong, the latest example of US-listed Chinese companies turning ...

    By Xie Jun | 2021/3/22 20:03:39
  • Chinese firms listed in US seek home-return listings for stable environment and higher valuations

    More and more Chinese firms listed in the US are likely to return back to the Chinese mainland's A-share stock markets to go public, not only because of an increasingly unfriendly US business environment, but because this will drive their ...

    By Xie Jun | 2021/3/16 21:53:39
  • 2021 APEC to work on issues of trade, vaccine cooperation

    This year's APEC summit, to be hosted by New Zealand, would focus on pushing free trade in Asia-Pacific and pandemic-fighting solutions, including how to ensure a convenient flow of vaccines across the region, the chair of the First Senior Officials' ...

    By Xie Jun | 2021/3/11 19:58:40
  • Favorable policies prompt HK professionals to pursue careers in Chinese mainland

    More Hong Kong professionals, ranging from young entrepreneurs to middle-aged academics, are choosing to pursue their careers in the Chinese mainland, whether starting a business or working for mainland companies and institutions, as they are aware of the mainland's huge ...

    By Li Qiaoyi and Xie Jun | 2021/3/10 19:58:40
  • China to revise anti-monopoly law

    China will revise the anti-monopoly law, the company law and the corporate bankruptcy law to build a modern economic system and promote technological innovation, the Standing Committee of the National People's Congress (NPC), China's top legislature, said in a work ...

    By Li Xuanmin and Xie Jun | 2021/3/8 19:28:39
  • China's exports to the US may jump about 20% in 2021: expert

    Amid a steady recovery in the domestic economy and strong overseas demand, China posted a year-on-year gain of 60.6 percent in its exports during the first two months of 2021, the General Administration of Customs (GAC) said on Sunday.

    By Chu Daye and Xie Jun | 2021/3/7 20:28:39
  • China should prepare for continued US crackdown on tech sector under Biden, as Trump-era rule targeting Chinese firms is to take effect: experts

    The Biden administration's reported move to allow a Trump-era rule targeting Chinese technology firms to take effect soon is a signal that the Biden government will continue cracking on China's tech rise like the Trump administration, although Biden's overall strategy ...

    By Xie Jun | 2021/2/28 22:33:40
  • China cuts composite import tariff to 15.8%, lowest in history, may slash further to around 7% by 2035

    China cut its composite tariff rate for imported goods by about 27.5 percent in the five years ended in 2020, customs data showed, and experts predicted that the country would likely halve the current rates by the end of 2035 ...

    By Xie Jun | 2021/2/25 20:53:39
  • HSBC's profits down 34% in 2020, experts write off prospects in China over Huawei friction

    London-based HSBC's profits slumped 34 percent on a yearly basis to $8.8 billion in 2020, which the lender attributed to factors such as the COVID-19 pandemic and the ensuing economic challenges. But experts said that HSBC's damaged reputation in China ...

    By Xie Jun | 2021/2/23 20:13:39
  • 31 China's provinces and regions set GDP growth targets about/above 6%

    Despite wide speculation that China has not so far set a national target for GDP growth in 2021, most of China's provinces and regions have set their own targets above 6 percent this year, signaling confidence to achieve further economic ...

    By Zhang Dan and Xie Jun | 2021/2/21 22:33:39
  • Xiaomi, Oppo become shareholders of Jiangsu-based chipmaker to secure supplies

    Chinese mobile phone companies are becoming shareholders of domestic chipmakers to secure semiconductors at a time when China-US political friction makes US supplies very unreliable for Chinese phone vendors.

    By Xie Jun | 2021/2/21 18:48:39
  • China sees consumption boom during 2021 Spring Festival

    From heated local tourism to surging dining and online shopping, China saw a consumption boom that was above the expectations of many during the weeklong Spring Festival holiday, and experts said the trend should continue after COVID-19 vaccines become widely ...

    By Xie Jun and Qi Xijia | 2021/2/18 20:33:39
  • Biden appears more positive toward China, but still lacks clarity on policy

    US President Joe Biden said on Thursday US time that he remains prepared for cooperation with China in his first speech on foreign affairs at the Department of State after his inauguration, while also calling China the US' “most serious ...

    By Yang Sheng and Xie Jun | 2021/2/5 20:32:51
  • China starts trading of peanut futures, experts say contracts can guide crop's spot price

    China started trading of peanut futures on the Zhengzhou Commodity Exchange on Monday, with the main contract surging by more than 12 percent on the first trading day.

    By Xie Jun | 2021/2/1 21:43:39
  • Hubei, Hainan aim for GDP growth of 10%-plus, highest among all provinces

    All 27 provincial-level regions of China that have set GDP growth targets for 2021 chose a figure of at least at 6 percent, which means that the nation's economy is likely to return to pre-coronavirus levels this year.

    By Xie Jun | 2021/1/31 19:58:39
  • 'Buy American' unlikely to hurt Chinese exports

    An initiative by US President Joe Biden to boost domestic manufacturing by ordering federal government agencies to buy more US-made goods will not hurt Chinese exports to the US, which has lost most of its low- and medium-end industry chains, ...

    By Xie Jun | 2021/1/26 20:59:46
  • BRI contributes global post-pandemic recovery by laying foundation for cooperation and stabilizing global supply chains

    The Belt and Road Initiative (BRI) will contribute to the global economic rebound by stabilizing supply chains among countries along the BRI route, while laying the foundation for further global cooperation, experts said ahead of opening of the World Economic ...

    By Xie Jun and Ma Jingjing | 2021/1/25 18:03:39
  • Chinese infrastructure firms more scared than hurt in 2020, see surging contracts despite COVID-19 hit

    China's major infrastructure companies were more scared than hurt in 2020, with some still achieving double-digit growth in new contract values despite the coronavirus pandemic, which interrupted the movement of people and goods.

    By Xie Jun and Chu Daye | 2021/1/24 22:38:39
  • Chinese experts say Tesla's success in China can't happen again in India due to consumption, infrastructure gaps

    China's automobile experts said that it's impossible for India to copy Tesla's success in China, and the company's moves in India are just a "tiny, experimental program", after two Indian ports were reportedly competing to invite the US electric carmaker ...

    By Xie Jun and Chu Daye | 2021/1/21 21:53:39
  • Biden's inauguration a boon to Chinese stock market

    Chinese and other Asian equity markets rallied on Thursday, after US stocks surged to new highs on US President Joe Biden's inauguration day. Experts said that investors' sentiment was driven higher as they saw Biden sending a more cooperative message ...

    By Xie Jun | 2021/1/21 20:33:39
  • Investors chase Chinese chip firms after US crackdown

    Chinese investors have rushed into the domestic chipmaking sector, as they remain positive on the industry's growth after being cornered by the Trump administration, industry analysts said on Sunday.

    By Xie Jun | 2021/1/17 19:42:40
  • Mainland companies take steps to shift listings from US

    Several Chinese mainland-based companies whose shares are currently listed in the US, including Lenovo Group and Tencent Music, have either announced plans to issue Chinese Depositary Receipts (CDR) in Shanghai or are reportedly seeking secondary listings in Hong Kong, at ...

    By Xie Jun | 2021/1/13 21:38:06
  • Baidu to produce intelligent cars in partnership with Geely

    Domestic technology giant Baidu Inc announced on Monday that it will establish an intelligent car company in partnership with the automaker Geely, which sparked interest and skepticism among Chinese netizens and experts. Some questioned the companies' plans after previous failures, ...

    By Xie Jun | 2021/1/11 18:53:40
  • Baidu announces to found intelligent car company with Geely

    Chinese tech giant Baidu Inc announced on Monday that it would establish an intelligent car company in partnership with mainland auto firm Geely, a step which has sparked interests and skepticism among Chinese netizens and experts. Some questioned the companies' ...

    By Xie Jun | 2021/1/11 10:48:39
  • China's CPI to grow by about 0.2% in December, while PPI to narrow contraction at -0.4%, economists say

    Chinese economists estimate that the country's consumer price index (CPI) rose about 0.2 percent in December, as food costs increased in the winter season, while the pandemic resurgence cut pork imports.

    By Xie Jun | 2021/1/10 19:48:39
  • US toughens crackdown on listed Chinese firms as Trump buries political hurdles for Biden, analyst says

    The US off-exchange trading platform operator OTC Markets Group announced to stop trading in 12 Chinese shares including the Semiconductor Manufacturing International Corporation (SMIC), as the US President Donald Trump toughened its crackdown on listed Chinese companies in the last ...

    By Xie Jun | 2021/1/9 17:35:45
  • Third-party testing labs' profit surge expected to slow down in 2021: analyst

    Stunning growth in the profitability of China's third-party testing labs, mostly as a result of the coronavirus outbreak, might slow this year if nothing unexpected happens, but the broad trend is set to continue as the market develops, experts told ...

    By Xie Jun | 2021/1/6 21:33:39
  • Tesla's Model Y SUV selling hot in China

    The ripple effect of Tesla's surprising price reduction for the Chinese-made Model Y cars has continued, with market attention focused on the future competitive landscape created by the foreign player that has stirred up the new-energy vehicle (NEV) market in ...

    By Xie Jun and Zhang Hongpei | 2021/1/5 19:53:39
  • Chinese mainland stocks greet 2021 with a 3.77% rally on tech board, 2.47% rise on Shenzhen market

    Chinese mainland stocks greeted 2021 with a strong rally, as investors nurtured hopes for an accelerating recovery of the economy in the new year, after the country spent 2020 in something of a coronavirus-triggered crisis before stabilizing economic growth.

    By Xie Jun | 2021/1/4 19:38:39
  • 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
  • Chinese companies see different effects from new US blacklist

    Shortly after the US government imposed new sanctions on dozens of Chinese companies on Friday, one Chinese mainland-based company said that the move will have no impact on current or future operations, while another said that it is still selling ...

    By Xie Jun and Zhang Dan | 2020/12/20 21:38:39
  • It's Australia, not China that's violating free trade deal, analysts say, urging China to resort to international courts

    Economists laughed at Australia's attempts to crack down on China by taking legal action against the country under the China-Australia Free Trade Agreement (ChAFTA), saying that it is Australia instead of China that is violating the terms of the agreement, ...

    By Xie Jun and Chi Jingyi | 2020/12/17 22:38:40
  • SMIC shares sink after leadership shift, likely to hurt client confidence

    Shares in Chinese mainland-based chipmaking giant Semiconductor Manufacturing International Corp (SMIC) went through a turbulent day, first halting trading and then sinking on Wednesday, after what is seen as an abrupt senior management change.

    By Xie Jun | 2020/12/16 20:58:40
  • Mainland car, headphone industries face chip shortage as some phone firms stockpile products for fear of US sanctions

    Sectors in the Chinese mainland from automobiles to headphones face tight chip supplies, although the shortages have not yet seriously affected their operations, analysts and industry sources told the Global Times.

    By Xie Jun | 2020/12/14 21:33:40
  • Double 12 festival sees nearly 20,000 transactions via digital yuan on JD.com

    Nearly 20,000 transactions were paid for with digital yuan within 24 hours after 8 pm Beijing time on Friday on JD.com, as Chinese residents actively participated in a major real-world trial of the digital yuan in Suzhou, a city in ...

    By Xie Jun | 2020/12/13 19:23:40
  • Ranks of Apple suppliers surge in mainland

    The number of Chinese suppliers for Apple surged from almost none 10 years ago to dozens in the present day, driven by the rapid development of China's mobile phone terminal market, and this trend can't be reversed even by a ...

    By Xie Jun | 2020/12/9 20:23:40
  • Hog breeders head for more profits

    A golden era of high profits for Chinese hog farmers will last one year or more despite climbing pork production as the country gradually emerges from the influence of African swine fever (ASF), farmers and experts told the Global Times. ...

    By Xie Jun and Chu Daye | 2020/12/8 20:38:40
  • China's exports to India down 13% in first 11 months

    China's exports to India continued to show weakness with a 13 percent drop in the first 11 months of the year, customs data showed, as the unabated coronavirus affects internal demand in India, while the two countries' political standoff extends ...

    By Xie Jun | 2020/12/7 13:18:41
  • FTSE Russell's index move 'bad example'

    Index provider FTSE Russell's decision on Friday to remove eight Chinese companies named by the Trump administration as having alleged ties to the Chinese military from some of its indices shows the company's political prejudice and provocative attitude toward Chinese ...

    By Xie Jun | 2020/12/6 21:57:23
  • Australian 'boycott' of Chinese products unlikely to happen: experts

    Australian politician Pauline Hanson has called for Australians to boycott products made by factories in the Chinese mainland, but it probably won't happen as it will be hard for the country to replace Chinese products, experts and Australian residents told ...

    By Xie Jun and Chu Daye | 2020/12/3 22:45:16
  • Mainland markets become economy's backbone as capitalization surges

    Becoming the world's second-largest stock market in terms of capitalization, the share markets in Shanghai and Shenzhen have together become a backbone of the Chinese mainland's economy, and they are becoming more accommodative and resilient amid ongoing financial reforms, experts ...

    By Xie Jun and Qi Xijia | 2020/12/1 19:58:21
  • Export control law to affect rare earths, UAVs

    A new Chinese law that takes effect on Tuesday will restrict exports of controlled items, which experts said will increase market supply volatility of some products and technologies, like rare earths and unmanned aerial vehicles (UAVs), although a plunge in ...

    By Xie Jun and Li Xuanmin | 2020/11/30 19:38:40
  • Mainland companies may lose interest in IPOs, but room for talks under Biden

    There's massive room for maneuvering in how the US will treat Chinese mainland-based companies listed there under a new bill, which the US House of Representatives will vote on soon, experts said. If passed, many Chinese companies will be reluctant ...

    By Xie Jun and Yang Kunyi | 2020/11/29 21:28:40
  • US companies see new era under Biden

    US multinationals aim to clear away a stumbling block, the Trump administration's protectionism and anti-globalism, to push forward their international plans, in particular their exploration of the Chinese market, experts said. They made the comments in response to news that ...

    By Xie Jun | 2020/11/24 19:23:40
  • Rising debt defaults put financial stability at risk: analysts

    From halting Ant Group's IPO to announcing penalties for deliberate debt defaults by some companies, China has taken a firm attitude in preventing financial risks after irregularities emerged amid the country's recovery from the COVID-19 pandemic.

    By Xie Jun | 2020/11/23 21:03:40
  • China showcases digital know-how at World Internet Conference

    China showcased cutting-edge technologies ranging from artificial intelligence (AI) and cloud computing to big data and blockchain at an expo on Sunday in Wuzhen, a town in East China's Zhejiang Province, a day before the opening of the 2020 World ...

    By Li Qiaoyi in Wuzhen and Xie Jun in Shanghai | 2020/11/22 19:43:40
  • China's interest in CPTPP membership seen as a chance to ease Sino-US tensions

    China's bold decision to consider joining a massive Asia-Pacific trade agreement shows the country's intent to seek higher-level opening up, a move which would breathe new life into free trade at a time when many countries are trying to shift ...

    By Xie Jun and Qi Xijia | 2020/11/21 21:27:07
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