Zhang Hongpei
Reporter, Beijing
Global Times business reporter covering TMT, auto and commercial space sectors.
  • China's auto sector expects better H2 sales, as local govts move to boost consumption

    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 ...

    By Zhang Hongpei | 2022/5/30 20:56:30
  • IMF lifts yuan's weight in SDR basket in major win for China's currency, economy

    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.

    By Zhang Hongpei | 2022/5/15 10:45:41
  • Northeast China picks up steam in spring farming after impact of COVID-19

    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 ...

    By Zhang Hongpei and Tao Mingyang | 2022/4/21 20:32:59
  • China's commercial space sector picking up momentum, firms' financing expected to double in 2022: report

    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 ...

    By Zhang Hongpei | 2022/4/19 20:08:44
  • China's Q1 GDP grew 4.8%, growth to be restored in June and H2

    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 ...

    By Li Xuanmin and Zhang Hongpei | 2022/4/18 21:15:15
  • China to keep offshore listing channels open, accelerate launch of new rules: official

    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.

    By Zhang Hongpei | 2022/4/10 18:02:48
  • China's seed security not threatened by Russia-Ukraine conflict, major breakthroughs made

    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,” ...

    By Li Xuanmin and Zhang Hongpei | 2022/4/7 23:01:10
  • Nations scramble to take a lead in 6G technology

    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.

    By Zhang Hongpei | 2022/3/23 20:34:20
  • Industry standards, underlying technologies still needed for further metaverse exploration in China: analysts

    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 ...

    By Zhang Hongpei | 2022/3/22 17:47:35
  • Surging costs of raw materials prompt NEV producers to raise prices, yet won't dent sales in China: expert

    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, ...

    By Zhang Hongpei | 2022/3/20 17:57:43
  • Chinese firm forges nation's first low-Earth orbit broadband communication test constellation

    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.

    By Zhang Hongpei | 2022/3/6 20:06:34
  • Chinese airlines face no direct impact from Western bans on Russian flights

    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 ...

    By By Yin Yeping and Zhang Hongpei | 2022/3/2 16:54:35
  • Three months on, Beijing Stock Exchange operates smoothly, opening upward channel for SMEs

    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.

    By Zhang Hongpei and Li Qiaoyi | 2022/2/14 18:13:52
  • Infrastructure projects, fiscal spending on fast track

    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, ...

    By Zhang Hongpei | 2022/2/10 21:45:16
  • How China's 5G technology empowers Beijing Winter Olympics

    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 ...

    By Shen Weiduo and Zhang Hongpei | 2022/2/9 19:55:05
  • RCEP to boost trade among China, South Korea and Japan

    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 ...

    By Zhang Hongpei and Liu Yang | 2022/2/6 19:53:20
  • China ramps up antitrust efforts to support small businesses that face challenges

    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 ...

    By Zhang Hongpei | 2022/1/27 22:59:23
  • China-Israel economic cooperation flourishes in 30 years of diplomatic ties

    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 ...

    By Zhang Hongpei | 2022/1/24 20:13:13
  • China's autonomous driving enters fast lane, boosted by NEV growth and favorable policies

    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 ...

    By Zhang Hongpei | 2022/1/18 16:13:17
  • Overseas products finding their way onto Chinese tables over the Spring Festival shopping season

    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 ...

    By Zhang Hongpei and Qi Xijia | 2022/1/11 16:40:26
  • China's coal supply faces limited impact from Indonesian export ban

    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 ...

    By Zhang Hongpei and Yin Yeping | 2022/1/3 22:53:24
  • Equity game between Chinese, foreign auto players starts following removal of ownership cap

    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 ...

    By By Zhang Hongpei | 2021/12/28 18:22:30
  • India urged to respect legitimate rights of Chinese firms amid tax probe

    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 ...

    By Yang Sheng, Zhang Hongpei and Zhang Changyue | 2021/12/23 22:46:59
  • Property sector deleveraging will pay off in long term: experts

    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.

    By Zhang Hongpei | 2021/12/22 19:42:54
  • Further cut on subsidies won't hit China's NEV industry

    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 ...

    By Zhang Hongpei | 2021/12/20 18:26:46
  • Private rocket firm Galactic Energy completes 2nd orbital launch

    Chinese private rocket firm Galactic Energy successfully completed its second orbital launch on Tuesday, accelerating domestic commercial rockets' industrialization.

    By Zhang Hongpei | 2021/12/7 12:40:51
  • China might do US a favor to open its crude oil reserves, but will prioritize own interests amid mixed bilateral interactions

    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 ...

    By Xie Jun, Chen Qingqing and Zhang Hongpei | 2021/11/23 17:08:42
  • Secondary flotations of US-listed Chinese companies buoy prospects as Hong Kong bourse rolls out reforms

    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.

    By Zhang Hongpei | 2021/11/21 16:38:39
  • India, China should strengthen cooperation on carbon neutrality

    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.

    By Qi Xijia and Zhang Hongpei | 2021/11/19 1:06:21
  • China 'has fulfilled' WTO obligations

    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 ...

    By Chu Daye and Zhang Hongpei | 2021/10/28 23:03:40
  • GT Exclusive: Canadian envoy says 'major issue' resolved in China-Canada ties with Meng's release, but China thinks more needs to be done

    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 ...

    By Shen Weiduo and Zhang Hongpei | 2021/10/28 20:23:40
  • Domestic chip firms' profits surge amid tightened supply

    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.

    By Zhang Hongpei | 2021/10/25 20:23:39
  • China to set up innovation center for global sustainable transport: Xi

    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 ...

    By Zhang Hongpei | 2021/10/14 21:04:11
  • China, UK to strengthen cooperation on zero emission vehicles amid green energy push: UK ambassador

    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 ...

    By Chen Qingqing and Zhang Hongpei | 2021/10/13 22:29:46
  • China faces global supply chain disruptions, but remains resilient: experts

    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 ...

    By Yeping and Zhang Hongpei | 2021/10/13 21:33:39
  • Financial sector should respond to increasing threat from biodiversity degradation: experts

    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 ...

    By Zhang Hongpei | 2021/10/12 19:00:10
  • Li Auto denies sourcing chips from black market

    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 ...

    By Zhang Hongpei | 2021/10/10 13:38:57
  • Pure electric vehicles feel charging pinch on highways during National Day holidays

    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 ...

    By Zhang Hongpei | 2021/10/5 14:42:57
  • Meng's return ignites national pride amid US hegemony

    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 ...

    By Chen Qingqing, Shen Weiduo, Li Xuanmin and Zhang Hongpei | 2021/9/27 21:31:03
  • Chinese NEV automakers eye European markets, betting on local transition toward low emissions

    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 ...

    By Zhang Hongpei | 2021/9/10 0:41:43
  • HK eases restrictions on travel, integrates with national devt

    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 ...

    By Zhang Hongpei and Yang Sheng | 2021/9/8 0:38:39
  • Personal info under 'lock' with new law passed, completing three legal pillars on China's privacy, data and cyber security

    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.

    By Zhang Hongpei | 2021/8/20 15:08:39
  • China, a hopeful land for common prosperity

    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 ...

    By Zhang Hongpei and Li Xuanmin | 2021/8/18 20:48:40
  • Brands eye safer, cheaper virtual idols after rash of human celebrity scandals

    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, ...

    By Zhang Hongpei | 2021/8/1 17:55:02
  • China's national carbon trading begins, ramping up efforts to achieve decarbonization goal

    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 ...

    By Zhang Hongpei | 2021/7/16 12:07:42
  • Tencent makes foray into semiconductor chip business

    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 ...

    By Zhang Hongpei | 2021/7/15 22:18:39
  • Space tourism to boost following Virgin Galactic's crewed flight

    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 ...

    By Zhang Hongpei | 2021/7/12 21:06:45
  • China launches 3-year draft plan for cybersecurity sector after regulatory actions

    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 ...

    By Xiong Xinyi and Zhang Hongpei | 2021/7/12 20:08:40
  • 3 more internet firms scrutinized amid rising data security concern

    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 ...

    By Li Qiaoyi and Zhang Hongpei | 2021/7/5 23:28:40
  • Chinese vehicle exports grow robustly amid global chip shortage

    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 ...

    By Zhang Hongpei | 2021/7/1 18:23:40
  • One year on, national security law for HK brings hope, restores order, recovers businesses

    One year since the national security law for Hong Kong took effect, many said the city is totally different now.

    By Chen Qingqing, Zhang Hongpei and Bai Yunyi | 2021/6/30 22:56:00
  • Chinese firm Envision eyes more projects in Europe after $2.4b battery plant in France

    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.

    By Zhang Hongpei | 2021/6/28 21:01:23
  • Strengthening competition amid exchanges 'commonplace' in future China-US tensions

    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 ...

    By Zhang Hongpei and Liu Xin | 2021/6/11 0:28:39
  • Apple unveils OS upgrades, advances privacy protection

    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 ...

    By Zhang Hongpei | 2021/6/8 20:08:39
  • APEC officials' meeting safeguards multilateral trade system

    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 ...

    By Zhang Hongpei | 2021/6/7 20:28:39
  • Tesla China sales won't slump in May despite controversy over car accidents: expert

    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.

    By Zhang Hongpei | 2021/6/4 23:23:16
  • Health services to be boosted as people in China retire later: analysts

    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 ...

    By Zhang Hongpei and Zhang Dan | 2021/5/31 21:16:18
  • China's seed 'Silicon Valley' in Nanfan strives for tech innovation, but long-time basic research, investment needed for global competition

    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 ...

    By Zhang Hongpei and Zhao Juecheng in Sanya | 2021/5/19 18:06:37
  • Xinjiang firms make strong push at Hainan expo, eye exports

    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 ...

    By Zhao Juecheng and Zhang Hongpei in Haikou | 2021/5/9 23:18:40
  • Australian exporters hope rift with China will ease, eye opportunities in Chinese market

    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.

    By Zhang Hongpei and Zhao Juecheng in Haikou | 2021/5/9 17:23:39
  • Australian exporters hope growing rift with China will ease, eye opportunities in Chinese market

    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.

    By Zhang Hongpei and Zhao Juecheng in Haikou | 2021/5/8 20:48:58
  • International luxury houses pin hope on Chinese consumption market

    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 ...

    By Zhang Hongpei in Haikou | 2021/5/7 23:03:39
  • Consumption in China to inject confidence in post-pandemic era

    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 ...

    By Zhang Hongpei in Haikou | 2021/5/6 22:09:28
  • China-Germany govt consultations set ties straight ahead of Berlin power reshuffle, stabilize China-EU relations

    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 ...

    By Yang Sheng, Liu Xin and Zhang Hongpei | 2021/4/28 22:36:05
  • China's digital yuan expands from consumer payments to business scenarios

    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 ...

    By Zhao Juecheng and Zhang Hongpei | 2021/4/26 21:08:40
  • Chinese consumers start to embrace domestic brands: survey

    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.

    By Zhang Hongpei and Wang Bozun | 2021/4/19 19:38:39
  • Chinese auto sector seeks bigger local chip base as supply shortage anticipated to ease by year-end

    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 ...

    By Zhang Hongpei | 2021/4/8 21:23:40
  • Chinese EV maker Nio manufactures 100,000th car, riding on fast lane

    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.

    By Zhang Hongpei in Hefei | 2021/4/7 17:11:31
  • Xiaomi expands its business into EVs, joining the smart mobility race

    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 ...

    By Zhang Hongpei | 2021/4/1 0:48:23
  • Myanmar rare earths heading toward China encounter shipment obstacles amid upheaval

    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, ...

    By Zhang Hongpei and Li Xuanmin | 2021/3/21 19:58:39
  • US breeding pigs land in Sichuan, part of move to improve domestic livestock

    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.

    By Zhang Hongpei and Liu Zhongyin | 2021/3/15 21:43:39
  • China's advanced manufacturing expands by about 50% in Jan-Feb period

    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.

    By Zhang Hongpei | 2021/3/15 20:48:39
  • Dropping fiber cable route to HK leaves no winner for US or China: analyst

    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 ...

    By Zhang Dan and Zhang Hongpei | 2021/3/13 2:58:01
  • Quad cannot replicate NATO, given internal divergence and China's economic clout

    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.

    By Xie Wenting and Zhang Hongpei | 2021/3/12 15:33:10
  • HK investors are headed for mainland

    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 ...

    By Zhang Hongpei and Yang Kunyi | 2021/3/11 18:48:40
  • Chinese firms ramp up R&D in auto chips amid shortage chill

    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.

    By Zhang Hongpei | 2021/3/10 21:28:40
  • Chinese EV brands gaining a foothold in Europe

    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 ...

    By Zhang Hongpei | 2021/3/3 18:38:39
  • Australian education sector hit amid tensions with China, diversification difficult

    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, ...

    By Zhang Hongpei | 2021/3/1 19:23:40
  • A-share market raises record high IPO funds in 2020: NBS

    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 ...

    By Zhang Hongpei | 2021/2/28 21:33:39
  • Beijing in full swing for safe, green two sessions

    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.

    By Cao Siqi and Zhang Hongpei | 2021/2/25 21:58:39
  • No.1 central document vows rural vitalization

    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 ...

    By Shen Weiduo, Cao Siqi and Zhang Hongpei | 2021/2/22 0:29:54
  • Chinese A shares falter after strong start on 1st trading day of Year of the Ox

    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 ...

    By Zhang Hongpei | 2021/2/18 19:33:40
  • Chinese box office surpasses $1.55 billion during Spring Festival movie season

    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.

    By Li Yuche and Zhang Hongpei | 2021/2/16 18:08:41
  • TikTok's move into e-commerce in America shot across the bow to Amazon: analyst

    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 ...

    By Zhang Hongpei | 2021/2/8 19:57:31
  • Chinese EV firms could find opportunity in US market under Biden: analysts

    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.

    By Zhang Hongpei | 2021/1/28 22:23:39
  • New foreign investment encouragement catalogue takes effect, will spur more opportunities

    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.

    By Zhang Hongpei | 2021/1/27 20:18:39
  • Douyin becomes exclusive virtual red packet partner of CCTV Spring Festival Gala

    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 ...

    By Zhang Hongpei | 2021/1/27 18:38:40
  • China surpasses US as largest FDI recipient in 2020 despite pandemic: UN report

    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.

    By Zhang Hongpei | 2021/1/25 17:43:40
  • Guangdong's GDP largest among Chinese provinces, grows 2.3% in 2020

    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.

    By Zhang Hongpei | 2021/1/24 21:13:40
  • One year on from Wuhan lockdown: Resolute actions bring economy back on stellar growth path

    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 ...

    By Zhang Hongpei | 2021/1/21 19:53:39
  • Douyin makes foray into third-party digital payment sector as part of new strategy

    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 ...

    By Zhang Hongpei | 2021/1/19 20:28:39
  • Chinese firms scale back presence at 2021 CES over pandemic, tech war

    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 ...

    By Zhang Hongpei | 2021/1/14 18:33:40
  • Chip shortage slams brakes on car sector

    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 ...

    By Zhang Hongpei | 2021/1/13 21:33:39
  • Entrepreneurs from China, Japan, S.Korea optimistic on Chinese economy in 2021: survey

    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.

    By Zhang Hongpei | 2021/1/12 18:13:40
  • Chinese EV brands need to rev up efforts in quick-changing competition: analyst

    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 ...

    By Zhang Hongpei | 2021/1/10 16:28:39
  • Chinese smartphone vendors eye global markets

    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.

    By Zhang Hongpei | 2021/1/6 16:58:39
  • 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
  • NBA's Philadelphia 76ers, Houston Rockets matches left off air on Tencent as Morey's Hong Kong remarks still inflict ire

    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.

    By Huang Lanlan and Zhang Hongpei | 2020/12/31 20:00:24
  • Alibaba increases share buyback program from $6b to $10b

    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 ...

    By Zhang Hongpei | 2020/12/28 20:13:40
  • Chinese drug regulators accept application for Sinopharm vaccine rollout

    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.

    By Xu Keyue, Hu Yuwei and Zhang Hongpei | 2020/12/24 14:59:52
  • COVID-19 vaccine 'golden opportunity' for Chinese companies going overseas

    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 ...

    By Zhang Hongpei and Hu Yuwei | 2020/12/22 22:02:13
  • Multilateralism key to COVID-19 vaccine

    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.

    By Zhang Hongpei | 2020/12/18 21:33:40
  • China's NEV sales forecast to grow by more than 30% in 2021: analysts

    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 ...

    By Zhang Hongpei | 2020/12/16 18:47:16
  • Ant Group is 'devoted to clearing up mess' after IPO suspension

    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 ...

    By Zhang Hongpei | 2020/12/15 20:23:40
  • Double 12 online shopping festival comes and goes without the hype of Double 11

    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 ...

    By Zhang Hongpei | 2020/12/14 1:25:35
  • New rocket launch site to be built amid growing demand

    A new rocket launch site will be built in China, in line with increasing demand in the nation's burgeoning commercial space sector.

    By Zhang Hongpei | 2020/12/3 23:52:58
  • SE Asia attracts Chinese VC attention as India loses allure

    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.

    By Zhang Hongpei and Chu Daye | 2020/11/30 19:28:40
  • Limited impact likely as COVID-19 case halts SK Hynix's Chongqing facility

    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 ...

    By Zhang Hongpei and Chu Daye | 2020/11/29 21:45:39
  • GDP growth to exceed 8% in 2021 as post-pandemic recovery continues

    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.

    By Zhang Hongpei | 2020/11/29 21:03:41
  • India bans more Chinese apps, further damping confidence of foreign investors: expert

    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.

    By Zhang Hongpei | 2020/11/25 0:00:20
  • India's reported plan to lift FDI sanctions is cautiously welcomed

    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 ...

    By Yin Yeping and Zhang Hongpei | 2020/11/18 19:11:31
  • China to help Brazilian delegation's vaccine inspection: FM

    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 ...

    By Hu Yuwei and Zhang Hongpei | 2020/11/13 21:38:40
  • US flinches hyped TikTok ban; deal extension 'possible'

    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.

    By Zhang Hongpei | 2020/11/13 14:18:13
  • TikTok's US destiny up in the air as divestment deadline looms

    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 ...

    By Zhang Hongpei | 2020/11/11 18:13:40
  • Chinese tech giants cautiously optimistic on Biden's win

    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 ...

    By Chen Qingqing and Zhang Hongpei | 2020/11/9 19:53:41
  • Chinese private space firms gaining ground in orbital satellite launch

    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, ...

    By Zhang Hongpei in Jiuquan | 2020/11/8 17:58:41
  • Import fair a golden opportunity to revitalize consumption market

    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 ...

    By Xie Jun and Zhang Hongpei | 2020/11/4 20:28:40
  • China rises to 5G leadership

    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 ...

    By Zhang Hongpei and Chu Daye | 2020/11/1 19:34:10
  • China's Double 11 shopping festival will embrace GMV growth despite epidemic: analysts

    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 ...

    By Zhang Hongpei | 2020/10/31 19:59:14
  • TikTok ban meets another setback in US court, a victory for creators

    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.

    By Zhang Hongpei | 2020/10/31 15:01:03
  • First ever commercial US grown rice unloaded in China

    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 ...

    By Zhang Hongpei and Shen Weiduo | 2020/10/28 20:03:42
  • US' appeal against WTO China tariff ruling 'a slap in the face': experts

    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 ...

    By Zhang Hongpei | 2020/10/27 12:23:40
  • Five-year plan to prioritize tech innovation

    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 ...

    By Zhang Hongpei | 2020/10/26 19:43:40
  • Chinese furniture factories rebound on foreign order boom

    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.

    By Zhang Hongpei and Yang Kunyi | 2020/10/22 18:28:40
  • Chinese space firms to scale new heights, inspired by national support, SpaceX's success

    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, ...

    By Zhang Hongpei | 2020/10/20 19:33:41
  • Shenzhen gets more reforms

    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.

    By Zhang Hongpei | 2020/10/18 19:13:40
  • Normal market move for textile orders to return from India to China: MOFCOM

    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.

    By Zhang Hongpei and Yin Yeping | 2020/10/14 22:08:40
  • Huawei to continue investment in Canada

    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.

    By Zhang Hongpei | 2020/10/13 19:33:40
  • New outbreak unlikely to impact manufacturing in Qingdao, except tourism

    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 ...

    By Zhang Hongpei and Wang Sheng | 2020/10/13 16:18:40
  • Tape-out based on SMIC's N+1 technology succeeds despite sanctions

    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 ...

    By Zhang Hongpei | 2020/10/12 19:43:40
  • TikTok enjoys legal edge over US govt

    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.

    By Zhang Hongpei | 2020/10/9 20:13:40
  • Economy moves to second half with Golden Week boom

    Nearly half of China was on the move during the recent eight-day "Golden Week."

    By Li Xuanmin and Zhang Hongpei | 2020/10/9 19:18:40
  • China's GDP growth likely to surpass 5% in Q3: experts

    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.

    By Zhang Hongpei | 2020/10/9 17:43:40
  • Weibo-owner Sina likely to “return home” for secondary listing: analysts

    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 ...

    By Zhang Hongpei | 2020/9/29 18:44:02
  • China's self-sufficient domestic chipmaking sector picking up steam

    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.

    By Zhang Hongpei | 2020/9/29 17:03:40
  • Domestic auto firms ramp up chipset R&D to thwart curbs

    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.

    By Zhang Hongpei | 2020/9/23 21:28:40
  • TikTok may get more investors

    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 ...

    By Zhang Hongpei | 2020/9/20 20:58:40
  • TikTok defiant over Trump's doubts of deal

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

    By Wang Cong and Zhang Hongpei | 2020/9/17 20:43:20
  • TikTok-Oracle team-up can be 'win-win' solution: analysts

    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 ...

    By Zhang Hongpei | 2020/9/16 20:08:40
  • Beijing extends tariff exclusions on some US products by one year

    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.

    By Zhang Hongpei | 2020/9/15 22:28:41
  • TikTok-Oracle partnership represents Chinese firm's hard-fought fruit though it has no-pass risks: analysts

    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 ...

    By Zhang Hongpei and Ma Jingjing | 2020/9/15 14:06:21
  • Chinese regulators may block Nvidia's $40b Arm buyout: analysts

    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 ...

    By Zhang Hongpei | 2020/9/14 21:33:40
  • TikTok likely to nail compromised sale deal or choose a 'multi-party' loss situation: experts

    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 ...

    By Zhang Hongpei | 2020/9/14 14:28:40
  • TikTok sees big potential in Southeast Asia as digital economy grows

    Despite the blatant squeeze by the Trump administration of Chinese technology company TikTok, the company sees growing prospects in Southeast Asia.

    By Yin Yeping and Zhang Hongpei | 2020/9/10 20:25:39
  • Warnings after failure of Wuhan chip project

    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.

    By Zhang Hongpei and Li Xuanmin | 2020/9/7 20:53:42
  • Private satellite firm building factory in China

    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.

    By Zhang Hongpei | 2020/9/2 0:02:30
  • Huawei smartphones equipped with Kirin chipset see price hikes amid supply concerns

    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.

    By Li Xuanmin and Zhang Hongpei | 2020/9/1 0:22:28
  • Xiaomi confident in Indian market despite headwinds

    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.

    By Chi Jingyi and Zhang Hongpei | 2020/8/26 22:48:40
  • China, Russia eye closer partnership in technology innovations

    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.

    By Zhang Dan and Zhang Hongpei | 2020/8/26 22:08:41
  • Competition grows in EVs, but China can still win the marathon: analysts

    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 ...

    By Zhang Hongpei | 2020/8/23 19:13:40
  • New Delhi still welcomes Chinese investment: experts

    Despite some Indians calling for boycotting Chinese products, Chinese businesses investing there are mostly positive, pinning hope on its growing market.

    By Chu Daye and Zhang Hongpei | 2020/8/20 20:38:40
  • Economy heads for annual expansion amid epidemic

    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.

    By Zhang Dan and Zhang Hongpei | 2020/8/14 22:03:41
  • Trump needs pact with China to remain to aid his reelection campaign: experts

    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 ...

    By Zhang Hongpei and Tu Lei | 2020/8/14 16:30:42
  • China likely to take lead along Russia in accelerated global vaccine race: experts

    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 ...

    By Leng Shumei, Zhang Hongpei and Hu Yuwei | 2020/8/12 23:13:44
  • Chinese EV start-ups aim at US listings, boosting competition in global race

    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 ...

    By Zhang Hongpei | 2020/8/9 17:18:41
  • Trump's attack on WeChat likely a major blow to Apple: survey

    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 ...

    By Yin Yeping and Zhang Hongpei | 2020/8/9 11:02:12
  • TikTok to establish European data center in Ireland amid US crackdown

    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 ...

    By Zhang Hongpei | 2020/8/6 18:18:41
  • China's IC industry picks up steam

    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.

    By Zhang Hongpei and Zhang Dan | 2020/8/5 19:33:41
  • Europe unlikely to ban TikTok, needs the app to check US hegemony: analysts

    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.

    By Zhang Hongpei and Chi Jingyi | 2020/8/5 18:28:41
  • Microsoft well circles TikTok buyout amid US crackdown: analysts

    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.

    By Zhang Hongpei and Xie Jun | 2020/8/3 19:28:40
  • Joint efforts needed to fulfill China-US trade deal

    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 ...

    By Zhang Hongpei | 2020/7/30 22:38:40
  • Xinjiang epidemic unlikely to affect cross-border trade

    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, ...

    By Zhang Hongpei | 2020/7/29 19:38:40
  • Dalian virus outbreak to have limited economic impact: experts

    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.

    By Zhang Hongpei and Yin Yeping | 2020/7/27 18:48:41
  • WeChat cuts off service to some Indian users after ban on Chinese apps

    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 ...

    By Yang Kunyi and Zhang Hongpei | 2020/7/26 20:33:40
  • China's domestic auto brands rapidly progressing

    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 ...

    By Zhang Hongpei and Ma Jingjing | 2020/7/26 19:04:07
  • Chinese tech firms facing US assault on path to self-reliance

    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 ...

    By Zhang Hongpei | 2020/7/19 16:53:40
  • London's Huawei decision 'turning point' for China-UK ties: analyst

    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.

    By Shen Weiduo and Zhang Hongpei | 2020/7/14 19:56:09
  • UK's Huawei decision 'turning point' in its ties with China: analysts

    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 ...

    By Shen Weiduo and Zhang Hongpei | 2020/7/14 19:19:58
  • Decimating Chinese apps displays US weakness: official

    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.

    By Zhang Hongpei | 2020/7/13 20:28:40
  • Chinese app service providers in India to shed local jobs quickly

    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.

    By Chu Daye and Zhang Hongpei | 2020/7/9 20:28:41
  • Cloud providers gain impetus, boosted by surging service demand

    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 ...

    By Zhang Hongpei | 2020/7/8 20:08:40
  • Chinese internet firms face dilemma going overseas

    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.

    By Zhang Hongpei | 2020/7/7 23:38:40
  • Sales of tariff-free Australian beef liked by residents in Hainan Island

    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 ...

    By Zhang Hongpei | 2020/7/6 18:33:40
  • Chinese A-share market fully enters bull track: analyst

    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.

    By Zhang Hongpei | 2020/7/3 17:43:40
  • Delayed shipments resolved at Indian ports: Foxconn

    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 ...

    By Zhang Hongpei | 2020/7/3 13:02:33
  • Chinese NEV start-up Byton suspends operations due to COVID-19 impact

    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.

    By Zhang Hongpei | 2020/7/1 15:38:40
  • Foreign healthcare providers boost Chinese market following COVID-19

    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 ...

    By Yin Yeping and Zhang Hongpei | 2020/6/23 23:06:22
  • Launch of low-sulfur fuel futures speeds internationalization

    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.

    By Zhang Hongpei | 2020/6/22 18:13:40
  • High technology plays key role as Beijing combats new COVID-19 outbreak

    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.

    By Zhang Hongpei | 2020/6/17 21:51:50
  • China, India should pursue business cooperation instead of conflict: experts

    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.

    By Yin Yeping and Zhang Hongpei | 2020/6/17 20:33:40
  • China's NEV market continues to recover but explosive growth unlikely: CAAM

    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.

    By Zhang Hongpei | 2020/6/11 22:53:40
  • International cooperation called for amid world economic downturn

    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 ...

    By Zhang Hongpei | 2020/6/11 10:29:37
  • World's highest data center starts trial operation, serving as gateway to South Asia

    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 ...

    By Zhang Hongpei | 2020/6/10 11:13:40
  • Chartered flights spur German business resumption in China

    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 ...

    By Qi Xijia and Zhang Hongpei | 2020/6/5 20:58:40
  • China continues to buy US soybeans amid souring ties

    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.

    By Yin Yeping and Zhang Hongpei | 2020/6/5 20:43:40
  • Global automakers eye partnerships with Chinese EV battery firms

    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.

    By Zhang Hongpei | 2020/6/3 17:58:40
  • SpaceX milestone manned spaceship launch applauded

    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.

    By Zhang Hongpei | 2020/5/31 21:48:40
  • Chinese phone vendors all-in on 5G, market share set to break 50%

    Chinese smartphone vendors are swiftly shifting focus from 4G devices to launching 5G models, despite the impact of the coronavirus on the industry chain.

    By Zhang Hongpei | 2020/5/27 20:03:40
  • Quality key to China's medical supplies, misunderstanding won't hold country's exports back

    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 ...

    By Zhang Hongpei | 2020/5/27 14:53:43
  • HK's financial center status not to be shaken by proposed security law: experts

    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 ...

    By Zhang Hongpei | 2020/5/23 17:18:40
  • Consumption-driven growth to stabilize China's economic fundamentals

    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 ...

    By Zhang Hongpei and Li Xuanmin | 2020/5/21 22:28:40
  • Digitalization can empower SMEs, create jobs

    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.

    By Zhang Hongpei and Ma Jingjing | 2020/5/19 20:03:40
  • PipeChina pursues LNG network, more projects expected in H2

    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 ...

    By Wang Sheng and Zhang Hongpei | 2020/5/17 19:43:40
  • India's portfolio investment curbs on China signal bumpy road

    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.

    By Zhang Hongpei | 2020/5/13 19:43:45
  • As virus pummels global sales, luxury brands see China as lifeline

    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. ...

    By Zhang Hongpei | 2020/5/12 18:58:40
  • Japan's curbs on tech investment won't affect Chinese firms

    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 - ...

    By Zhang Hongpei | 2020/5/11 19:58:40
  • Fresh tariff threat adds woes to US 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 ...

    By Zhang Hongpei and Shen Weiduo | 2020/5/7 22:48:40
  • Extended subsidies on NEVs set to boost industrial chain, spur output by 23%: analysts

    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, ...

    By Zhang Hongpei | 2020/4/25 0:28:01
  • BCI will remain committed to cotton farming communities in Xinjiang despite suspension of licensing

    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 ...

    By Liu Xin and Zhang Hongpei | 2020/4/22 19:03:40
  • China scales up strategic oil reserves amid coronavirus-driven global price slump

    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.

    By Zhang Hongpei and Li Xuanmin | 2020/4/21 19:08:41