Zhang Hongpei
Reporter, Beijing
Global Times business reporter covering TMT, auto and commercial space sectors.
  • 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
  • China, EU hold first high-level dialogue on digital cooperation

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

    By Wang Cong and Zhang Hongpei | 2020/9/10 23:21:04
  • 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
  • Beyond Meat brings production facilities to Zhejiang Province

    Beyond Meat, one of the US' largest producers of meat substitutes, announced on Tuesday that it will set up production facilities for plant-based meat in China, a move that analysts said reflects the difficulty of business decoupling between China and ...

    By Wang Sheng and Zhang Hongpei | 2020/9/8 20:58:40
  • 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