With local governments announcing measures to boost the COVID-hit auto market, car sales in China, the world's largest auto market, are expected to accelerate in the second half of the year, and full-year sales are unlikely to fall from the ...
The International Monetary Fund (IMF) has lifted the yuan's weighting in the Special Drawing Rights (SDR) currency basket after the IMF Executive Board concluded its quinquennial SDR valuation review.
Spring planting in China's northeastern region, where grain output accounts for one-fifth of the country's total, is gaining steam despite setbacks caused by COVID-19. With agricultural materials and workers gradually moving into place, farming activities are progressing smoothly, local growers ...
As China's commercial space sector has entered a fast development track after the accumulation over past few years, start-ups are attracting more financing along with their robust growth. It is expected the full year of 2022 could see the total ...
China's GDP grew by 4.8 percent in the first quarter of 2022, topping market expectations and maintaining a stable growth even as the March economy was faced with "unprecedented downward headwinds since the first quarter of 2020" due to COVID-19 ...
The head of China's securities regulator has vowed to widen market access while promoting cooperation with US regulators in forging a predictable regulatory environment for listed companies.
With global food prices skyrocketing, the protracted Russia-Ukraine conflict is causing serious risks for global food security. The importance of agricultural safety in China is being elevated to an unprecedented level, with seed security in particular, known as agricultural “chips,” ...
As 6G, the next-generation communication technology, is widely expected to achieve commercialization around 2030, various nations are ramping up research and development efforts, despite the absence of clear technical routes or unified international standards.
Despite the absence of a solid universal definition of metaverse, the buzzword in internet technology world in 2021, it is widely considered as the next evolution of the internet era. As it is so strategically important, central governments from a ...
A new wave of price hikes among new-energy vehicles (NEVs) is set to hit the Chinese market, yet it is unlikely to slow sales in the world's largest NEV market thanks to the robust domestic demand and resilient economic growth, ...
Chinese companies sent seven satellites into space from the Xichang Satellite Launch Center in Southwest China's Sichuan Province on Saturday, aiming to build the nation's first low-Earth orbit (LEO) broadband communication test constellation.
US President Joe Biden announced a ban on all Russian aircraft from American airspace during his State of the Union speech on Tuesday evening, following similar moves by the European Union and Canada, amid the widening sanctions targeting Russia over ...
Three months on, the Beijing Stock Exchange (BSE) is running smoothly after finding its place in the nation's equity market, with rising transaction volume, improving trading mechanism and a lengthening listing queue.
With major infrastructure projects kicking off in early 2022 across multiple provinces in China, fixed-asset investment is on a fast track, which expected to drive economic growth as the world's second-largest economy aims to stabilize GDP rates amid rising challenges, ...
From broadcasting services and real-time weather forecasts, to timing and scoring during events, as well as transportation and medical services, China's 5G technology has been adopted in numerous aspects of the ongoing Beijing 2022 Winter Olympic Games, which is said ...
With the Regional Comprehensive Economic Partnership (RCEP) agreement coming into force for South Korea at the beginning of February, regional trade and economic cooperation among China, Japan and South Korea – the three major economies in East Asia – are ...
Chinese authorities vowed on Thursday to continue strengthening anti-monopoly efforts this year to prevent the disorderly expansion of capital by big platforms with dominant market positions, creating more space for medium-sized, small and micro-sized firms, as well as individual businesses ...
Ties between China and Israel have strengthened, with bilateral trade and economic cooperation continuing to grow over the past two years, despite the disruptions caused by the COVID-19 pandemic, and there remains great potential for future cooperation, as the two ...
The ravaging COVID-19 pandemic has disrupted many sectors across the global economy, posing multiple challenges to enterprises and their manufacturing capacity. But there is one sector that has remained unaffected, witnessing record new development over the past two years: autonomous ...
As the Spring Festival shopping rush, a time-honored tradition in the run-up to the Chinese New Year, kicked off, Chinese consumers are purchasing products ranging from food, clothes to cosmetics with unbridled enthusiasm. This year, the shopping season has been ...
China's coal supply will see a limited impact following the one-month export ban by Indonesia – China's largest import source of thermal coal, experts said, citing the small volume of imports compared with domestic output and the country's already expanded ...
As the new policy will soon take effect, which side will take the first move? Foreign automakers or their domestic partners? Industry observers believe three results are possible: both sides maintaining the status quo, foreign players increasing their share in ...
The Indian government should protect the legitimate rights and interests of Chinese firms in India, Chinese analysts urged, as New Delhi launched investigations into multiple Chinese companies on tax and income issues. An India-based source familiar with the matter told ...
China's GDP is estimated to grow 8 percent in 2021, according to an updated report published by the World Bank on Wednesday, down from the organization's forecast of 8.5 percent in September.
As 2021 draws to a close, the Chinese new-energy vehicle (NEV) market, the largest in the world, has been engaged in a heated discussion around the winding down of subsidies in 2022 - and whether the adjustment may hold back ...
Chinese private rocket firm Galactic Energy successfully completed its second orbital launch on Tuesday, accelerating domestic commercial rockets' industrialization.
China might help the US curb soaring oil prices and fears of inflation by releasing its own crude oil reserves to a certain extent as a favor, experts said on Tuesday. But the US must return the favor with sincerity ...
Hong Kong Exchanges and Clearing Ltd (HKEX) will witness an outburst of secondary listings by US-listed Chinese companies that is expected to bolster the exchange's prospects with more reforms to be worked out to process IPOs.
A potential lockdown in India in response to worrying air pollution levels shows that the country should pay more attention to environmental governance amid its continuous efforts to compete with China as a world-class power, experts said.
China should not assume responsibilities outside its commitments to the World Trade Organization (WTO), Chinese officials and WTO experts said on Thursday, noting that China acknowledges concerns raised by some of its trading partners and will further open up its ...
Chinese analysts on Thursday cautioned that the US may continue to pose uncertainties and risks to China-Canada bilateral ties, and they called on Ottawa to refrain from blindly following Washington in its attempt to contain China, as Chinese and Canadian ...
Chinese semiconductor firms have reported strong profitability in the July-September quarter thanks to price hikes caused by global semiconductor shortages since 2020, which has seriously disrupted the output of electronic products makers and auto manufacturers for months.
Chinese President Xi Jinping announced on Thursday that China will establish a Global Innovation and Knowledge Center for Sustainable Transport and develop a green and digital Belt and Road Initiative at a faster pace, as part of the country's broad ...
China-UK cooperation on zero emission vehicles is expected to remain strong in the future as both nations are ramping up efforts to realize their commitment on zero emissions on a certain deadline, Caroline Wilson, UK Ambassador to China, said on ...
As the IMF warned of “longer-than-expected” disruptions on global supply chains posed by the COVID-19 and cut down growth forecast for global economy, concerns are growing over the severeness of the worldwide problem and its potentially profound pressure on global ...
Chinese President Xi Jinping on Tuesday said China will take the lead by investing 1.5 billion yuan ($233 million) to establish the Kunming Biodiversity Fund, marking the latest effort by the world's second largest economy to address the increasing biodiversity ...
Chinese electric vehicle maker Li Auto denied reports that it has sourced a key auto chipset from the black market at prices 800 times higher than the normal levels, saying that it has sourced from regular channels to ensure supply ...
Some new-energy vehicle (NEV) owners have felt another pinch during the ongoing National Day holidays apart from the normal traffic jams during traditional Chinese holidays when many people hit the road: they are finding it hard to get their electric ...
Over the past two days, Huawei senior executive Meng Wanzhou's return from Canada has ignited the latest surge of national pride, with the Chinese people welcoming her back home with massive and spontaneous celebrations both online and offline. Many people ...
Europe, in the midst of a booming electric vehicle (EV) sector, has become a main target for Chinese automakers to go abroad, exporting their advanced technology and mature supply chains that have experienced rapid growth in the China, the world's ...
Authorities in China's Hong Kong Special Administrative Region (SAR) announced Tuesday that the city will soon lift strict restrictions on individual travel from the Chinese mainland and Macao. Experts said this is a significant move to open amid the COVID-19 ...
China passed its Personal Information Protection Law on Friday, marking the latest addition to the regulatory framework that the country has been ramping up efforts on amid the rapid-growing digital economy.
As China marches toward its second centennial goal, the focus of promoting people's well-being and happiness has shifted from pure high economic growth to boosting common prosperity, an essential requirement of socialism and a key feature of Chinese-style modernization, which ...
A recent series of celebrity scandals, with the latest involving Canadian star rapper Kris Wu Yifan, has triggered the awareness of more brands to manage risks, with many looking to the booming virtual idol sector to increase their digital assets, ...
China's national carbon market, the largest emissions trading system (ETS) in the world, was officially launched on Friday, marking a milestone for the nation's institutional innovation in pushing ahead green development and a crucial step for the country to decarbonize ...
New postings for semiconductor chips development jobs on the official website of Tencent have sparked speculation that the Chinese tech giant is ready to venture into the core technology, joining the club of domestic and foreign internet giants that are ...
Increasingly bright prospect of recreational space travel is bound to be catalyzed following the successful space flight by UK entrepreneur Richard Branson, experts said. China, as a major space power, will also push ahead its planning and technical advances on ...
Chinese authorities released a three-year draft plan for the cybersecurity sector on Monday, aiming to create a nearly $39 billion market for an increasingly crucial part of China's broad efforts to strengthen data protection and ensure the sound growth of ...
China's cyberspace regulator on Monday put three more internet platforms under scrutiny, three days after it announced a review of cybersecurity into the country's top ride-hailing platform Didi Chuxing, indicating the country's resolve to clamp down on data breaches and ...
The chip supply shortage that has been roiling the global auto sector seems to have provided an opportunity for exports of domestic-branded vehicles to grow, thanks to their flexible sourcing ability and stable supply chains, a senior analyst told the ...
One year since the national security law for Hong Kong took effect, many said the city is totally different now.
Chinese electric vehicle (EV) battery producer Envision Group is eying more cooperation in Europe following plans to build a $2.4 billion battery plant in northern France, the company's CEO told the Global Times.
As US President Joe Biden embarked on his first overseas trip to seek deepening ties with his allies at the G7 summit, tensions between the US and China, the world's two largest economies, seem to continue escalating following a ...
Despite the absence of the rumored release of the Home operating system (OS) at Apple's annual Worldwide Developers Conference (WWDC) on Monday (US time), it still sparked wide discussion of the tech giant's efforts in the smart home segment in ...
During the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade Meeting, officials reached a consensus on facilitating free and multilateral trade and strengthening regional economic integration. The developments offer a hopeful future for the Asia-Pacific region in an accelerated economic ...
Despite a lot of media coverage about brake problems causing accidents involving Tesla vehicles in China, the US electric vehicle brand isn't likely to see a slump in sales for May, a senior auto expert said Friday.
Chinese top leadership's announcement on Monday to further relax the country's family planning policy and allow couples to have three children is expected to boost many industries, including the already booming elder-care industry, which is expected to witness explosive growth ...
About 30 years ago when Li was still a little boy, he remembered a time when many agricultural researchers across the country came to his hometown in Sanya's Yazhou district, South China's Hainan Province, for plant breeding, because the tropical ...
Constant smears, sanctions and suppression from the West against Northwest China's Xinjiang Uygur Autonomous Region, which target the region's pillar industries and aim to strangle local economic development, have not and will not dent local firms' push and confidence in ...
Despite a downward spiral of bilateral relations between China and Australia that have caused rising difficulties for Australian exporters, they hold hopes that the rift could be eased as their commitment to the world's second largest economy remains.
Despite downward spiraling bilateral relations between China and Australia that have caused many uncertainties for Australian exporters, they hold hopes that the growing rift will be eased as their commitment to the world's second largest economy remains.
From premium watches and tiny but exquisite jewelry, to high-end cosmetics, luxury cars and yachts, a slew of leading international luxury brands are vying for attention during the ongoing China International Consumer Products Expo (CICPE), which runs from Friday to ...
On the first working day after the May Day holidays, which generated travel-related spending with year-on-year growth of 138.1 percent to 113.23 billion yuan ($17.5 billion), consumers in the world's second largest economy now embraced another shopping feast – the ...
China and Germany held intergovernmental consultations via video link on Wednesday with 25 ministers of the two governments participating, which shows the high level and great potential of cooperation between the two countries, and that China-Germany ties play the role ...
The application of China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step forward with new scenarios in the business-to-business segment and ...
From food, household appliances to vehicles, a majority of Chinese consumers believe that many Western brands could be replaced by Chinese ones, a Global Times survey showed, reflecting the rising confidence in national brands, industry analysts said.
As global automakers – including those in China – grapple with a chip supply shortage that began in the fourth quarter of last year, Chinese auto experts are urging the industry to turn the crisis into an opportunity and set ...
Electric vehicle maker Nio saw its 100,000th car roll off the assembly line on Wednesday, a milestone for the Chinese electric vehicle (EV) start-up since its first vehicle was manufactured nearly three years ago.
Production of Electric Vehicles (EVs), which are already popular in China and growing steadily in the US and Europe, has just ushered in a new player, the Chinese smartphone vendor Xiaomi. The move is not surprising at the moment as ...
Some Chinese rare-earth companies and their downstream firms are finding that their raw materials could not be shipped smoothly from Myanmar, a key supplier of medium and heavy rare earths for China, amid political upheaval in the Southeast Asian nation, ...
A total of 985 breeding pigs from the US arrived in Chengdu, capital of Southwest China's Sichuan Province in a chartered plane, providing a source for China's domestic stock breeding.
China's industrial production continued to gain momentum during the start of 2021, with strong performances in the high-tech and equipment manufacturing sectors, the National Bureau of Statistics (NBS) said on Monday.
Amid US government pressure, Facebook has given up a project to lay more than 8,000 miles of fiber cable along the seabed to connect California with Hong Kong, leaving no winner for either the US or China, according to an ...
US President Joe Biden is scheduled to join the first-ever virtual meeting of leaders from Japan, India and Australia on Friday as the country's latest attempt to wield influence in the Indo-Pacific region to contain China.
Lured by favorable policies, an improving business environment and a push for innovation, more businessmen from China's Hong Kong Special Administrative Region (HKSAR) are seeking opportunities in the Chinese mainland while expressing the hope that their hometown could regain steady ...
More Chinese companies are beefing up efforts in the design and production of vehicle chips amid increased awareness of the need to build an independent supply chain for core components as carmakers reel from the global chip shortage.
Different traditional vehicles powered by internal combustion engine, new-energy vehicles (NEVs) have provided a fresh opportunity for Chinese auto brands, which have found it quite hard to make a solid footprint in developed markets for years. In the fast-growing NEV ...
Most Australia-China education businesses reported a fall in business confidence and deteriorating attitudes toward Australian education in China during the past year amid fraught bilateral ties and the COVID-19 pandemic, and most Australian businesses reflected difficulty in diversifying their markets, ...
The A-share stock market in the Chinese mainland raised record high funding for IPOs in 2020 despite the impact of the coronavirus, official data showed. The trend, however, is not likely to continue this year, given the uncertainty arising from ...
Strict inspections of vehicle fleets, flight bans on drones and "low, slow and small" aircraft heightened security checks for packages… Beijing is in full swing for China's most important annual political events as the two sessions period begins next week.
China's central government unveiled the "No. 1 document" for 2021 on Sunday evening, renewing its emphasis on the country's rural area and agricultural sector, while also bringing in more urgent issues such as tackling core bottlenecks in agricultural technologies, strengthening ...
The Chinese mainland A-share market faltered at the close on Thursday, the first trading day in the Year of the Ox, after a strong rally in the morning. The market's moves were within expectations and the equities are likely to ...
Real-time data from ticket platform Dengta, shows China's box office revenues in 2021 reached 10 billion yuan ($1.55billion) as of Tuesday morning, the day before the end of the Spring Festival movie season.
Surviving from the crackdown lead by Trump administration, Chinese video-sharing app TikTok, although still facing uncertainty about its destiny in the US, seemed prepared to take the next move: making foray into the e-commerce sector in the US based on ...
Chinese electric vehicle (EV) producers may discover new opportunities for cooperation and expansion in the US market as the Biden administration aims to promote EVs as a means to achieve its ambitious climate goals.
The newly released revised industry catalog that puts more sectors into the category of encouraged foreign investment took effect on Wednesday, showing that China is determined to open the door for more foreign investment to spur its economic growth.
Cuddling with several friends on home's sofa, watching the annual Spring Festival Gala on CCTV (China's major broadcaster) while furiously trying to snatch a share of the massive digital red packet giveaway run by Chinese internet giants is a common ...
Newly released trade and GDP data for 2020 shows the stellar performance of China's economy despite the COVID-19 outbreak. The world's second-largest economy also attracted the largest amount of foreign direct investment (FDI) last year.
South China's Guangdong Province, a major manufacturing hub in the nation, achieved 2020 GDP growth of 2.3 percent year-on-year against the headwinds that the export-oriented economy faced amid the COVID-19 pandemic, the province's governor said.
If China's economic growth by 2.3 percent last year in spite of the headwinds of COVID-19 can be considered a silver lining to virus-dragged global economy, then the country's central city of Wuhan, the first city that experienced an unprecedented ...
Douyin, the popular short-video sharing platform owned by Chinese start-up ByteDance, launched its in-app payment tool Douyin Pay on Tuesday, a move that aligns with the app's strategic move toward the e-commerce sector while playing a defensive role in the ...
The annual Consumer Electronics Show (CES) in the US, which is being held online for the first time this year due to the ravaging COVID-19 pandemic, has seen Chinese high-tech companies scale down their presence by more than 80 percent ...
After rebounding from the fallout of the COVID-19 pandemic at a speed beating most carmakers' original expectations, China's auto industry now faces a new dilemma – tightening supplies of semiconductors, which serve a key role as a vehicle's brain from ...
Most entrepreneurs and high-level executives from China, Japan and South Korea are optimistic about China's economic growth this year, according to a survey by the Global Times Research Center, Maeil Business Newspaper and Nikkei.
On the cusp of an explosion of new energy development in China and globally to replace carbon emissions from fossil fuel, new energy vehicles are increasingly becoming market-oriented to meet consumer needs, and at the same time, competition among major ...
The sluggishly growing smartphone industry, both domestically and globally, was expected to bottom out in 2021, however, with the market further rocked by the spread of a global pandemic.
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 ...
Video streaming for the NBA's Philadelphia 76ers, where Daryl Morey now serves as president of basketball operations, and the Houston Rockets, Morey's former employer, has been made unavailable on Tencent Sports, which streams NBA games in China.
Alibaba Group said on Sunday that its board has authorized an increase in the company's share repurchase program to $10 billion, up from $6 billion. The move shows that the company's cash flow is adequate and the e-commerce giant believes ...
China approved the country's leading vaccine producer Sinopharm's application for market rollout of its COVID-19 vaccines on Thursday, which marks China's first approval for a vaccine to combat the coronavirus.
As the world holds high hopes for a vaccine to emerge amid the pandemic, global biological and drug firms are racing on research and development (R&D) efforts and rolling out their products as early as possible, and the participation of ...
As more inspiring clinical trial results of COVID-19 vaccines have been released recently, the world has high hopes for the advent of the key product, and achieving fair access to vaccines on a global scale is also imminent.
From the small but functional Wuling Hongguang MINI electric vehicle (EV) priced at less than 30,000-yuan ($4,578) to the high-end Model 3 sedan by US tech giant Tesla priced at under 300,000-yuan, green vehicles have become a growing trend in ...
The Chinese internet sector, following a decade of boom times in a relaxed environment for regulatory scrutiny, is facing a new task: how to guarantee growth based on innovation amid heightened regulation, which has become increasingly necessary to avert systemic ...
As the sequel to the Double 11 online shopping carnival, sales volume during the Double 12 shopping festival, which wrapped up Saturday, appears to have again placed a distant second, perhaps even third as it came and went without much ...
A new rocket launch site will be built in China, in line with increasing demand in the nation's burgeoning commercial space sector.
More Chinese venture capital (VC) firms and technology companies are shifting focus from the once-valuable Indian market, where uncertainty is rising, to emerging markets in Southeast Asia.
Southwest China's Chongqing Municipality, the world's No.1 production base for laptops, is expected to see limited damage to its memory chip supply chain after a COVID-19 case caused a plant owned by South Korea's semiconductor giant SK Hynix to temporarily ...
Gradually emerging from the COVID-19 pandemic, China's economy has demonstrated its resilience and stability this year. With a further recovery expected, GDP growth will exceed 8 percent next year, according to macroeconomists and industry reports.
India banned 43 more smartphone apps on Tuesday including some related with Chinese tech giant Alibaba Group, even after it recently eased foreign direct investment (FDI) policies.
Chinese experts and business representatives welcomed the positive signs from the Indian side after some Indian authorities are reportedly considering a plan to lift sanctions on foreign direct investment (FDI) from countries including China against the backdrop of the lowest ...
China is willing to provide the necessary convenience for a Brazilian delegation to inspect the research and development of China's COVID-19 vaccines, in accordance with relevant laws and international practices, the Chinese Foreign Ministry said Friday, as Brazil plans to ...
The US Commerce Department said Thursday that it would abide by a Pennsylvania court order not to shut down Chinese video-sharing app TikTok, initially slated to take effect on Thursday.
TikTok and its Chinese parent ByteDance filed a new petition to US court on Tuesday (US time) as a defensive move against US President Donald Trump's second executive order targeted at the video-sharing app, which is set to take effect ...
Major Chinese tech giants hold a "wait-and-see" attitude toward a likely Joe Biden presidency in the US as some have been facing a yearlong crackdown amid the US-initiated tech war against China while shares of major Chinese tech firms jumped ...
Standing alone in the Gobi Desert in Northwest China, a small, black rocket, developed by a private Chinese aerospace firm, awaited its debut. The engineering team behind the rocket, who have worked around the clock for the past few months, ...
Determinedly charging along the path of consumption-driven development, China kicked off its third international import event on Wednesday. With the pandemic-induced battering of domestic consumption ebbing, the opening of the China International Import Expo (CIIE) is set to inject more ...
China, leading the world in 5G rollout and user base, is still looking for the silver bullet that will allow the new wireless technology to live up to consumer expectations, Chinese telecom analysts said on Sunday — marking the first ...
Having gradually emerged from the disruptions caused by the COVID-19 epidemic, the Chinese economy will show the world its robust resilience and vast capacity through the upcoming world's largest online shopping festival - Double 11, or Singles' Day, which falls ...
The executive order issued by the Trump administration to ban Chinese video-sharing app TikTok encountered another setback following a US federal judge's ruling blocking the administration from outlawing TikTok's US operation, which was set to take effect on November 12.
The first commercially grown US rice has been unloaded at China's ports despite disruptions caused by the COVID-19 pandemic, as well as the fraying of China-US ties, signifying the determination of Beijing to implement the phase one trade deal and ...
The Trump administration's appeal against a previous WTO ruling on China tariffs has no significance due to the fact that the Appellate Body has already become dysfunctional thanks to the US' previous efforts to hobble it, experts told the Global ...
As the world is paying close attention to how China, the world's second-largest economy, will shape its development plan for the next five years, technological innovation is in the spotlight, as it is a key driver of the “dual ...
Emerging from the COVID-19 disruptions, the Chinese furniture industry is picking up momentum as more export orders arrive, helping the sector become one of the fastest industries to recover from the epidemic-related slowdown in the first half of the year.
As they emerge from disruptions caused by COVID-19 pandemic, Chinese players in the commercial space sector - both state-owned and private - are accelerating their investment in research and development (R&D), as well as the production of rockets and satellites, ...
China announced an action plan for comprehensive pilot reforms for Shenzhen city, South China's Guangdong Province, on Sunday, following the release days earlier of a five-year program for its next-stage reform and opening-up.
With the COVID-19 pandemic effectively under control in China, more textile orders originally placed by multinationals in India have shifted to China in recent months, which is a normal market reaction, a senior Chinese official said on Wednesday.
Chinese technology giant Huawei said it will continue to invest in Canada betting on the country's broad development prospects, even though the company's CFO remains detained in the country.
Qingdao, a coastal city in East China's Shandong Province, has become the latest coronavirus battleground in China. As the country's prevention measures against the pandemic have become routine for many months, the outbreak will have very limited impact on local ...
Innosilicon, a Chinese company focusing on one-stop intellectual property (IP) and customized chip design, announced on Monday that it has completed the world's first chip tape-out and test based on the FinFET N+1 advanced technology of Semiconductor Manufacturing International Corp ...
Chinese firms under siege from the Trump administration's groundless bullying have found a remedy in the US judicial system, analysts and lawyers said on Friday.
Nearly half of China was on the move during the recent eight-day "Golden Week."
China's economic growth is highly likely to rise to more than 5 percent in the July-September quarter, thanks to the nation's picking-up-steam across the three driving economic forces - investment, trade and consumption, according to the estimates of economists.
Sina Corp, the owner of China's twitter-like social media platform Weibo and one of China's web portal pioneers, announced on Monday that it has entered into a definitive agreement to go private and delist from NASDAQ — where it was ...
The US government's relentless and groundless restrictions on China's high-tech sector, an attempt to thwart the latter's rapid growth, will not succeed and the US will pay the costs for such bullying behavior, Chinese experts said on Tuesday.
Following the wake-up call from Huawei's chip supply crisis, Chinese vehicle sector is rushing to foster domestic technologies and achieve greater self-reliance.
ByteDance, the Beijing-based start-up behind popular video-sharing platform TikTok, confirmed to the Global Times on Sunday that it's possible more investors will be introduced to the pre-IPO deal in addition to Oracle and Walmart, as no specific agreement has been ...
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 ...
The partnership between Chinese video-sharing platform TikTok and US technology firm Oracle could be a win-win deal that would address the Trump administration's concerns on data security while setting a template for Chinese companies going global, analysts told the Global ...
China has extended tariff exclusions for some US imports, which are subject to Beijing's counter measures against US Section 301 action, by an additional year from Wednesday, the original date, until September 16, 2021.
TikTok's Chinese owner ByteDance has chosen Oracle Corp as a US partner for its video-sharing app ahead of a deadline banning the app that draws near, a move analysts said represents hard-fought efforts by the Chinese firm amid a lack ...
US semiconductor maker Nvidia said it will acquire UK-based computer chip designer Arm Holdings from SoftBank Group in a transaction worth $40 billion, a deal that could put the Chinese semiconductor industry at the risk of US control, Chinese analysts ...
As the deadline set by the Trump executive order threatening closure of Chinese video-sharing platform TikTok draws close, it is likely that TikTok's Chinese owner ByteDance would choose partnership or partial sale to a US firm instead of a wrapped-up ...
Despite the blatant squeeze by the Trump administration of Chinese technology company TikTok, the company sees growing prospects in Southeast Asia.
Amid industry zeal for technology advances in China's semiconductor sector, it is time to call for rational investment and top-down design by the government to avoid “expensive” failures, analysts told the Global Times on Monday.
Commsat, a Chinese commercial space start-up, announced Tuesday that it has started to build a satellite factory in China with annual production of more than 100 satellites, which will weigh around 100 kilograms each.
Huawei's high-end smartphones equipped with its self-developed Kirin chipset have seen price hikes in non-franchised stores, a source familiar with the matter told the Global Times on Monday.
Chinese smartphone vendor Xiaomi said Wednesday it remains confident in the key Indian market, although recent calls to “boycott China” due to bilateral tensions have clouded the prospects of Chinese firms there.
Chinese President Xi Jinping and Russian President Vladimir Putin Wednesday respectively sent congratulatory letters to the opening of the Year of Scientific and Technological Innovation between the two countries, according to the Xinhua News Agency.
As a latecomer to the electric vehicle (EV) market, Europe has witnessed surging sales of green vehicles in the past few months, presenting a challenge to market-leader China. Despite this development, the overtake should not be exaggerated in the marathon-like ...
Despite some Indians calling for boycotting Chinese products, Chinese businesses investing there are mostly positive, pinning hope on its growing market.
A slew of July economic data showed a steady recovery for the world's second largest economy, which points to an annual expansion despite a global economic recession amid the COVID-19 pandemic.
A positive atmosphere has emerged ahead of an upcoming online meeting between Chinese and US trade representatives. Both sides have expressed their anticipation and understanding in the run up to the dialogue despite months-long tit-for-tat relations, and it is widely ...
The battlefield of a global vaccine race has seemingly transferred from research and development to the market after Russia announced its approval of the world's first COVID-19 vaccine on Tuesday, soon after which the US announced to purchase another 100 ...
Chinese electric vehicle (EV) makers are rushing to go public in the US, taking advantage of rising investor interest - which has gotten a boost from US EV giant Tesla - and these Chinese start-ups are expected to compete more ...
US President Donald Trump's bullying of Chinese company Tencent might end up striking a much heavier blow to Apple with the potential loss of the vast majority of its Chinese users, who help to generate up to 20 percent of ...
Chinese-developed video-sharing platform TikTok confirmed with the Global Times Thursday that it will establish a new European data center in Ireland, its first in Europe, a move that analysts said displays the company's determination to strengthen data security and pursue ...
China's integrated circuit (IC) industry has seen steady growth in recent years and it will advance the country on the path of self-reliance based on booming domestic demand, industry analysts said Wednesday.
European countries have expressed no intention of banning TikTok, by following the US' crackdown on the Chinese video-sharing app, a move analysts said is in line with the interests of Europe to counter the long-time hegemony of the US.
Chinese short-video app TikTok is likely to be acquired by US tech giant Microsoft rather than being banned in the US, a move which might weaken the competitiveness of the phenomenal internet product, Chinese analysts said.
Imports from the US have made steady progress in recent months, yet joint efforts from firms on both sides are still needed for the phase one trade agreement to overcome the difficulties caused by the COVID-19 pandemic, said a Chinese ...
The latest outbreak of coronavirus in Urumqi, capital of Northwest China's Xinjiang Uygur Autonomous Region, has delayed the process of goods and personnel flow between the city and other regions, yet the epidemic's impact on Xinjiang's border trade is limited, ...
Supported by effective control measures, the latest COVID-19 outbreak in Dalian, Northeast China's Liaoning Province, has limited impact on economic reopening and is expected to be cleared within a month, experts told the Global Times Monday.
China's messaging app WeChat stopped providing services to some Indian users on Saturday, following an earlier ban of Chinese apps by the Indian government. Analysts believe it is a proactive move that more Chinese companies will take to be "more ...
Chinese automobile brands have progressed in both quality and design in the past years, despite reliance on foreign key components. With the rise of new-energy vehicles (NEVs) and intelligent connected cars, domestic automakers face rich opportunities to continue to rise ...
The past impressions of China's artificial intelligence (AI) developments as widely seen from industry expos and conferences over recent years - a human-like robot making a cappuccino or a robotic arm playing the piano - are ready to take the ...
The UK's move to ban Huawei may further sour strained China-UK political ties, largely reduce personnel exchanges, and most likely prompt Beijing to take reciprocal measures against London's discriminatory policy, Chinese observers said.
The UK's decision over Huawei, which could take the form of a ban on the Chinese equipment maker's involvement in the country's 5G construction, could add a heavy burden to its struggling economy amid the pandemic and further strain bilateral ...
A possible US crackdown on Chinese social media apps just showed the US' weakness, which is not in line with the values the country claims it holds, a Chinese official said on Monday.
Chinese app service providers hamstrung by India's ban could begin closing their offices and shedding local jobs in the country in a month's time, an industry insider told the Global Times Thursday.
Chinese public cloud service providers represented by bellwether Alibaba Cloud and Tencent Cloud have witnessed quick growth in their cloud services triggered by surging demand for remote education and working due to the COVID-19 pandemic, and their competitiveness in global ...
As Chinese-funded platform TikTok win a rising number of Internet users in many overseas markets, politicians from some countries are seeking every opportunity to pick fault with the app, citing their data security to set obstacles for its business expansion.
The zero-tariff fresh Australian beef is proving popular with consumers in South China's Hainan free trade zone, displaying China's determination to pursue opening-up policy. Yet the outlook for Australian beef exports to China is dimmer, due to an all-time low ...
The Chinese stock market has fully entered bull-market territory and the A-share market will see an upward trend amid some fluctuations in the second half of the year, analysts said on Friday.
Foxconn Technology Group, the world's largest contract manufacturer of consumer electronics, confirmed with the Global Times on Friday that the customs clearance procedures for its products delayed at Indian ports have been resolved and will not affect supplies to the ...
Chinese new-energy vehicle (NEV) start-up Byton has confirmed with the Global Times that it will suspend operations from Wednesday for a strategic reorganization due to the impact of the COVID-19 pandemic.
The first batch of high-end ventilators came off the production line at GE Healthcare's Chinese facility on Monday, a milestone for the US firm's localization in the Chinese market, which will also accelerate the integration of the Chinese healthcare sector ...
China launched trading of low-sulfur fuel futures Monday at the Shanghai International Energy Exchange (INE), a step toward internationalization of the nation's futures market.
As Beijing has raised the COVID-19 emergency response level to II from III, high technology including big data, artificial intelligence and cloud computing is in play to help screen for the virus and prevent further spread.
Border clashes between China and India in the Galwan Valley on Monday cast a shadow of uncertainty over the two regional economic powers, with Chinese investors showing concerns about doing business in India.
The new-energy vehicle (NEV) market in China continued to rebound in May thanks to the nation's effective control of the coronavirus and steady release of auto consumption demand.
As the world economy faces a downturn caused by the COVID-19 pandemic that could be even worse than the Great Depression of the 1930s, officials and experts in global think tanks are calling for joint international efforts to help the ...
Standing at the Qinghai-Tibet plateau at over 3,000 meters above sea level, a cloud computing data center developed by a private technology firm has recently been put into trial operation, driving local economic growth while aiming at business expansion in ...
As more German business travelers have returned to China by chartered flights, their business resumption is expected to enter a fast track, which is key to guaranteeing the stability of industrial chain cooperation between China and Germany, experts told the ...
China has not halted purchases of US soybeans as some media reports speculated, and new purchases are ongoing, a senior executive of the US Soybean Export Council (USSEC) told the Global Times in an exclusive interview.
Electric vehicles (EVs) have become an unstoppable trend in the global auto industry, and automakers worldwide have turned their eyes to core technologies and supply chains surrounding batteries. The race for EV supremacy will only get fiercer.
As Chinese netizens applauded the feat of US commercial space firm SpaceX, which has conducted the first private-sector manned space mission, they also reflected on the state of the commercial space sector in China, where self-reliance is the key.
Chinese smartphone vendors are swiftly shifting focus from 4G devices to launching 5G models, despite the impact of the coronavirus on the industry chain.
When China is making its utmost efforts from guiding market players to expand production to organizing experts to set industry rules on exports of medical supplies, in order to deliver badly-needed medical goods abroad promptly, some Western media are busy ...
China's banking and insurance regulator has set up a special work group for the Guangdong-Hong Kong-Macao Greater Bay Area, which will promote such work plans as establishing international commercial banks in the area. Hong Kong, which plays a leading role ...
One of the biggest tasks for Chinese lawmakers and political advisors as they convene the annual two sessions is to offer the right prescription for the Chinese economy hit hard by COVID-19. This is the first of a multi-part series ...
Providing jobs and helping small and medium-size enterprises (SMEs) weather the shock of the COVID-19 pandemic have become key issues for China, and those issues are attracting much attention ahead of the upcoming two sessions that start on Thursday.
China launched a new construction project of a liquefied natural gas (LNG) terminal on Saturday, the first operating project since the establishment of China Oil & Gas Piping Network Corp (PipeChina) in December last year. The project shows that the ...
After imposing curbs on foreign direct investment (FDI) from China, India is reportedly clamping down on Chinese foreign portfolio investment (FPI) -- a move analysts said would further sour bilateral economic relations.
International luxury brands increasingly see China as a safe haven, with high-end consumption reviving and many luxury companies are raising prices. But experts warn that even the most affluent consumers have psychological limits in the wake of the Covid-19 pandemic. ...
Japan's new restrictions on foreign direct investment (FDI) in key technology areas, a move widely seen as more closely monitoring investment from China, will dent its attraction to foreign capital - a key force in the world's third-largest economy - ...
While China, the world's second largest economy, has gradually returned to normal as the COVID-19 epidemic has subsided in the country and it has offered a helping hand to overseas markets by donating and exporting medical supplies to combat the ...
China's new subsidy policy for the new-energy vehicle (NEV) sector - a 10-percent cut this year instead of the previous plan of phasing out incentives by year end - will help automakers weather the storm caused by the COVID-19 pandemic, ...
The Better Cotton Initiative (BCI), a global not-for-profit organization, told the Global Times that it will remain committed to cotton farming communities in Northwest China's Xinjiang Uygur Autonomous Region, and that media reports on the organization's work of forced labor ...
The unprecedented crude oil price collapse on the global market is good news for China, a major oil importer, which will enable the country to build up strategic reserves at favorable prices, Chinese analysts said.
