China's State Council, the cabinet, on Wednesday held what has been seen as an unprecedented national video teleconference on stabilizing the economy with reportedly upwards of 100,000 participants, including all levels of officials, stressing the need to better implement measures ...

India's recent decision on sugar export restriction will have no substantive impact to the Chinese market as the country is ramping up the proportion of self-production while diversifying the sources of supplies in an effort to reduce the potential risks ...

Economic cooperation between China and the Solomon Islands has huge potential as the two economies highly complement one another, the head of a local Chinese business chamber said on Wednesday, as Chinese State Councilor and Foreign Minister Wang Yi started ...

China's State Council, the cabinet, on Wed held an unprecedented meeting with reportedly over 100,000 participants to stabilize the fundamentals of the macro-economy.

China and Vanuatu have achieved common development during the past 40 years since the establishment of diplomatic ties in 1982. In 2019, the two countries signed a cooperation plan within the framework of the China-proposed Belt and Road Initiative (BRI). ...

The State Council, China's cabinet, on Wednesday unveiled guidelines to revitalize existing infrastructure assets while expand effective investment, in a fresh push to revive the world's second-largest economy amid multiple domestic and global complexities.

The Qingning natural gas pipeline linking East China's Qingdao in Shangdong Province with Nanjing in Jiangsu Province was connected with the Qingshan station of the country's West-to-East gas transmission project, the state broadcaster CCTV reported on Wednesday.

China believes that the US launched Indo-Pacific Economic Framework (IPEF) is a political tool designed by Washington to serve its own benefits, which is unlikely to last for a long time if the "framework" cannot help regional development, Wang Wenbin, ...

The Supreme People's Court of China on Wednesday released a document addressing strengthened blockchain applications in the judicial field, vowing to accelerate digital transformation supported with blockchain innovations.

China's mobile phone shipments dropped by nearly 35 percent in April, according to data released by China Academy for Information and Communications Technology (CAICT) , a decline which was mostly due to coronavirus outbreaks in recent months that suppressed consumption. ...

China and Brazil have reached an agreement to boost cooperation in agricultural trade including corn, soybean meal and peanuts, as China expands the import of feed grains for the needs of deeper agricultural processing, an expert said on Wednesday.

Beida Mange, an internet celebrity and the original author involved in Audi's advertising plagiarism, said on Wednesday morning that he had licensed his work to Audi for free, noting that commercial appeal was not his goal, and he hopes the ...

In reports about US vacation rental company Airbnb's plan to close its business in China, some Western media outlets have deliberately shifted their target toward China's dynamic zero-COVID policy. Airbnb's decision came after "harsh COVID-19 lockdowns compounded the pain from ...

Shopping malls and department stores in Shanghai are scheduled to restart on-site operations and open their doors from June 1, Xinhua News Agency reported on Tuesday citing the municipality's commerce commission, in the latest sign of an accelerated return to ...

It's ridiculous for the Western media to play up the "China threat theory" by always telling lies and spewing disinformation. Won't it be better if those media could persuade the US and Australia to bolster their own economic engagement with ...

US President Joe Biden announced on Monday that its Indo-Pacific Economic Framework (IPEF) will start with 12 founding members – Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.

China has progressed in transitioning toward a greener economy, influential voices in global energy field said on Tuesday during the ongoing World Economic Forum (WEF). And, energy supply issues serve as a wake-up call for all governments to ramp up ...

Indonesia's reported ban on exports of bauxite, a primary input for aluminum, will have no real impact on the Chinese market, as producers have diversified their sources and strengthened the use of recycled aluminum, experts said.

US Trade Representative Katherine Tai said on Tuesday that the US must be "strategic" on whether to remove tariffs on Chinese goods, pushing back on what President Joe Biden mentioned a day earlier, when he said that he would consider ...

Germany has initiated talks with the Senegalese authorities about gas extraction and liquified natural gas (LNG), Scholz said, according to a Reuters report on Monday. It said that Germany could help explore a gas field in Senegal, citing a German ...

Psyduck, a species of Pokémon that revolves around 908 fictional species of collectible monsters in Japanese gaming giant Nintendo, is going viral on Chinese social media as a toy marketed for the June-1 Children's Day by Yum China-operated KFC restaurants.

China's top economic planner on Wednesday vowed to take measures to penalize price-gouging coal enterprises in a bid to stable the energy prices.

A new international railway route from Southwest China's Chongqing city to Mandalay, southern Myanmar, officially started operation with the first freight train departing from Chongqing on Monday, which will save 20 days compared with the traditional route.

As the Chinese market turns increasingly complex due to the coronavirus resurgence, overseas companies' fortunes are diverging, with Airbnb announcing plans to end its business in China on Tuesday, while Tesla car production reportedly recovered to pre-lockdown levels on the ...

During his visit in Japan, US President Joe Biden on Monday rolled out the Indo-Pacific Economic Framework (IPEF), the economic pillar of US' Indo-Pacific strategy and an important tool for the US to conduct geoeconomic competition against China.

Chinese ride-hailing giant, Didi Chuxing, said it will delist from the New York Stock Exchange (NYSE) after securing approval from its shareholders at a Monday meeting.

As the US announced on Monday its Indo-Pacific Economic Framework (IPEF), a plan widely believed to be aimed at isolating China, observers noted that the comprehensive economic framework may take years to take shape and could become something the US ...

Australia is one of the largest beneficiaries of the Chinese economic miracle, but it feels uneasy about China's rise. There is no denying that Australia's economic relationship with China is complicated. It will be a test of Albanese's wisdom to ...

If the West's sanctions and other moves eventually lead to mass hunger, the West will become the biggest violator of human rights and history will hold them accountable. With developing countries rejecting to be tied to the Western chariot, a ...

China's State Council, the cabinet, on Monday rolled out a comprehensive package of measures to support various aspects of the Chinese economy, including support for automobile consumption, home buying and small businesses, in the latest move to ensure that the ...

It's regrettable that a recent meeting of trade officials from the 21 economies making up the Asia-Pacific Economic Cooperation (APEC) forum did not come up with a joint statement, a spokesperson for the Chinese Foreign Ministry said on Monday, urging ...

Many places across China have launched a new round of saline-alkali tolerant rice – or better known as “seawater rice” – transplanting this week, aiming to increase output as the country strives to ensure food security amid an increasingly ...

Economists and business leaders attending the World Economic Forum (WEF)'s annual meeting on Monday expressed confidence in the long-term outlook for economic growth in China, pinning their hope on the world's second-largest economy to lead a global economic recovery from ...

The People's Bank of China (PBC), the country's central bank, issued 25 billion yuan ($3.75 billion) of central bank notes in the Hong Kong Special Administrative Region (HKSAR) on Monday, with the issuance 2.3 times oversubscribed by investors, showing the ...

Chinese e-commerce platforms like JD.com and Suning.com kicked off presales for the 618 (June 18) mid-year shopping festival on Monday. They're offering support to businesses to boost sales, as both offline and online consumption are facing challenges amid the ...

Australian businesses are seeking closer trade and economic ties with China, their largest market and the one with the largest potential, as they hope for better times and more normal relations under the administration of Anthony Albanese, who has become ...

Beijing and Shanghai, two mega cities in the world's second largest economy, have reportedly moved to cut their mortgage rates by 15 basis points (bps) on Monday amid a nationwide policy fine-tune in the real-estate market as part of a ...

China will unswervingly safeguard peace and stability, adhere to the principles of the UN Charter, and resolutely reject any attempt to introduce confrontation between military blocs and camps to the Asia-Pacific region, Chinese State Councilor and Foreign Minister Wang Yi ...

Beijing and Shanghai, two mega cities in the world's second largest economy, have reportedly moved to cut their mortgage rates by 15 basis points (bps) on Monday amid a nationwide policy fine-tune in the real-estate market as part of a ...

US electric vehicle (EV) giant Tesla announced massive hiring of research and development (R&D) talent in Shanghai as it continues to expand its presence in the Chinese market.

An advertisement featuring BMW 8 series shot by Peng Yangjun, the director of a FAW-Volkswagen Audi ad which sparked a widespread controversy on copyright protection on the internet over the weekend, was criticized for content plagiarism and removed from multiple ...

Dongfeng Honda was accused of infringement after intense public outcry and discussion on Chinese social media over FAW-Volkswagen Audi's ad plagiarism controversy caused a ripple effect.

China's stable economic growth is of great significance to global recovery and "what happens in Chi-na, of course has huge impact on the rest of the world, and vice versa," World Economic Forum (WEF) President, Borge Brende, said in an ...

US and European sanctions failed to push Russia to compromise and undermine its economy and currency and also caused a great spillover impact on global food and energy supply chains. As Russia has gain ground in the game against Western ...

China is expected to achieve a bumper harvest of summer grain despite the impact of COVID-19 outbreaks in some areas, underscoring the country's capacity to ensure grain security amid tight global supplies mainly due to record hot weather and the ...

China will encourage qualified digital cultural companies to go public in a bit to promote the digitalization in the culture sector.

As Beijing tightened its anti-epidemic measures across multiple districts, including implementing work-from-home requirements and closing parts of the public transport system, sales of bicycles in the capital city surged, while supplies are tight, some retailers told the Global Times.

Though the US is expected to launch its so-called Indo-Pacific Economic Framework, aiming to isolate China from key technology supply chains such as semiconductors and electric vehicle (EV) batteries, Chinese analysts said that the move will fail to shake China's ...

Given Vietnam's robust economic performance in recent days, some Western public opinion claimed that as China's global supply chain status is facing shocks by the epidemic situation, Southeast Asian countries, represented by Vietnam, will play catch-up or even replace it.

The intense public outcry and discussion on Chinese social media over FAW-Volkswagen Audi's ad plagiarism controversy underscores growing public awareness of intellectual property rights (IPR) in China in recent years, thanks to a confluence of factors, including China's robust efforts ...

India's heavy duties on iron ore exports are expected to have a "tiny" impact on Chinese steel supply as the country is reducing its heavy reliance on Indian iron ore while diversifying its domestic and international supplies.

FAW-Volkswagen Audi apologized on Sunday after one of its video ads was accused of content plagiarism, sparking widespread criticism of the brand and heated discussion on copyright protection on China's social media platforms.

Companies in Shanghai are preparing for the coming 618 mid-year shopping spree, another major online shopping festival in China apart from the Double 11 event, as the city pushes forward work resumption in phases, after its latest COVID-19 outbreak has ...

The US is notorious for fomenting chaos and interfering in the internal affairs of other countries through various means for its own self-interests and ideological purposes, bringing devastation and even bloodshed to many countries and regions around the world.

Sri Lanka is grappling with the deepest economic crisis it has ever seen. The country has defaulted on its $78 million worth of payments to international creditors, the first time in its history since its independence. Its debt obligations for ...

The Wuhan Economic and Technological Development Zone in Central China's Hubei Province has deleted a post on social platform Sina Weibo stating that the zone has completely removed restrictions on home purchases, one week after the country's central bank lowered ...

Key economic indicators in Shanghai dropped significantly in April, underscoring severe impact of the recent outbreak of COVID-19 in China's major commercial center on economic activities, latest official data showed.

An unmanned nucleic acid sampling robot had been developed in Shanghai, equipped on a portable sampling vehicle and can replace human medical workers to reduce the risk of infection, media reports claimed on Sunday.

China will make electric reconstruction of the Golmud–Lhasa section of the Qinghai-Xizang Railway starting from June with a total investment of 14.84 billion yuan ($2.22 billion).

Following a steep drop in the last month, the Chinese yuan bounced back by nearly 1,000 basis points to 6.6740 on Friday. The expanded two-way fluctuations of the currency further impact China's exports that has already been under pressure due ...

Reduction of mortgage rates sends a clear & loud signal that the policymakers will not tolerate a free fall of China's economy and are pushing for effective policy easing to refuel property sector.

China will promote the reform of small rural commercial banks with the aim to prevent risks and enhance their capability in serving real economy, head of relevant department of the China Banking and Insurance Regulatory Commission (CBIRC) said on Friday.

Chinese Premier Li Keqiang on Friday reiterated that China's resolve to open up to the outside world will not change, and that China will continue to build itself into a big market and a hot destination for foreign investment.

China's total wheat imports decreased by 22.4 percent year-on-year in April, but imports from Australia, France and Russia have skyrocketed, the latest statistics from Chinese customs showed.

US President Joe Biden embarked on his first presidential trip to South Korea and Japan, taking Samsung's semiconductor factory on Friday as his first stop, which is widely regarded as a move to highlight the US-led semiconductor alliance excluding China. ...

US Treasury Secretary Janet Yellen said recently that it "would not be legal now" for the US to seize Russian government assets to pay for Ukraine reconstruction. However, Yellen's words are, perhaps, not the end of an eye-catching controversy about ...

China's foreign ministry on Friday vowed to take all necessary measures to safeguard Chinese firms' legitimate rights and interests, after Canada revealed plans to ban use of 5G gear from Huawei and ZTE on so-called national security grounds.

China's central bank on Friday lowered the five-year loan prime rate (LPR) by 15 basis points (bps) to 4.45 percent in May, its biggest cut in the mortgages-referenced benchmark for longer-term lending. This comes as the government vows to fast-track ...

Chinese mobile giant Xiaomi Corp ranked top in terms of smartphone shipments in India for the 18th consecutive quarter, the company's Q1 financial report showed on Thursday. This came before the firm's recent dispute with the Indian authorities, which led ...

Inter-bank bonds held by foreign institutions dropped to 3.77 trillion yuan ($560 billion) as of the end of April from 3.88 trillion yuan in March, as different monetary policies between China and the US caused short-term pressure on yuan-denominated assets. ...

While the global situation has been under the shadow of the pandemic and the geopolitical conflicts, current bilateral relations, trade and investment cooperation between China and Indonesia is bucking the trend. Major cooperation projects including the Regional Comprehensive Economic Partnership ...

US President Joe Biden on Wednesday invoked the Defense Production Act (DPA) to boost production of infant formula. As the world's largest economy deals with a baby formula shortage crisis, the question remaining is whether the obscure wartime law can ...

China's airspace from North to South, with a length of more than 2,000 kilometers, started services on Thursday.

US President Joe Biden is scheduled to visit South Korea and Japan from May 20 to 24. One focus of his first trip to Asia since he took office is to push for the so-called Indo-Pacific Economic Framework (IPEF), which ...

A spokesperson for the Chinese Mission to the EU urged Brussels “not to gamble on this issue, and abide by the one-China principle,” noting firm opposition against any form of official interactions or any discussion and signing of an agreement ...

Chinese cities are scrambling to hand out consumption vouchers to simulate consumer spending, as the country doubles down on consumption to bolster growth amid mounting downward economic pressure brought about by COVID-19 resurgences and global volatility.

As foreign ministers of the BRICS countries (Brazil, Russia, India, China and South Africa) were set to meet via video link on Thursday, Chinese experts called on the countries to work jointly to counter the US' increasingly reckless abuses of ...

Nofe Isah, a 25-year-old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as cryptocurrency luna went into free fall.

Apple's contract manufacturers Foxconn and Pegatron Corp are hiring more people to meet a reported order increase for the iPhone 13 series, even as other players in the domestic mobile phone industry are cutting shipments, sources told the Global Times.

China and the EU have bright cooperation prospects in the photovoltaic (PV) sector despite certain differences, industry sources and experts said on Thursday, after the EU unveiled a 210 billion-euro ($220.4 billion) energy plan.

A total of 20 cities in China have moved to cut their mortgage rates to as low as 4.4 percent as of Thursday, the lowest level set by the central bank on Sunday, according to an industry report.

AstraZeneca moved to bolster its COVID-19 portfolio of antibodies on Tuesday with a $157 million licensing deal for experimental therapies developed by newly-launched biotech RQ Bio.

Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital's deal to buy smaller rival Goshawk Aviation for $6.7 billion.

Guterres called on all governments to “act together, urgently and with solidarity” to end the impending crisis linked to food shortage and growing insecurity.

China's huge market remains attractive for foreign capital, and the country will continue to improve investment environment to deliver more conveniences to overseas investors, said Shu Jueting, a spokesperson from China's Ministry of Commerce, on Thursday.

Bilateral trade between China and South Korea surpassed $360 billion over the past 30 years since the two countries established diplomatic ties and cumulative two-way investment exceeded $100 billion, as the two countries have become important trade partners, Shu Jueting, ...

China is considering extending the subsidy for new energy vehicles (NEV) which is scheduled to be in place until the end of 2022, according to a Reuters report on Wednesday. Industry watchers suggested that it might be too early to ...

Just like all the hypes that greatly exaggerate the impact of China's epidemic prevention policy on China's economy, the brain drain theory described normal fluctuations in immigration enquiries as a trend that could undermine China's technology competitiveness, and blamed it ...

In April China's yuan has retained its position as the fifth most active currency for global payments by value, with a share of 2.14 percent global payments currency, down from the 2.20 percent in March, said global payment services the ...

The China Energy Investment Corporation announced on Wednesday the start and pre-start of 11 power projects with a total installed capacity of 12.4 million kilowatts. The projects, in addition to onshore new energy bases, focus on offshore wind power, large ...

Chinese financial hub Shanghai rolls out plan to support more enterprises to resume work and production which will progress in two phases, a vice mayor said Thursday, as the epidemic situation gradually eases in the city after weeks of closed-off ...

China's coal production has maintained a strong momentum since the beginning of 2022, with the domestic output of raw coal from January to April reaching a 10.5 percent year-on-year growth and achieving a double-digit growth for four consecutive months, new ...

The Ground Services Department of Air China has completed two live organ transportation runs, building a “green lifeline” for patients in the air with their effective services.

Chinese Premier Li Keqiang on Wednesday called on local officials to increase the sense of urgency and take as many feasible new measures as possible in May to keep the economy operating in a reasonable range in the first half ...

The preparation for the 19th China-ASEAN Expo scheduled to take place in September, 2022 in Nanning, capital of South China's Guangxi Zhuang Autonomous Region, is progressing smoothly with demand for booths increasing as ASEAN members actively participate in the expo.

Chinese local governments' special-purpose bond issues totaled 1.65 trillion yuan ($245 billion) from January to April, more than double the amount in the same period last year, data from China's Ministry of Finance (MOF) showed on Wednesday, as the country ...

Chinese officials vowed on Wednesday to remove the “stuck points” in implementing policies aimed at easing the burden for small and medium-size enterprises (SMEs), as well as stressing a number of key missions for supporting the companies, such as increasing ...

A seemingly ordinary Tuesday turned out to be a milestone day for domestic platform firms, which have been at the center of a regulatory whirlwind since late 2020, with a special meeting convened by the country's top political consultative body ...

Britain's annual inflation rate surged in April to a 40-year high, escalating the country's cost-of-living crisis. The 9-percent rise in the consumer price index (CPI) outstripped the 7-percent increase posted in March and well ahead of the 6.2-percent seen in ...

It is hard for South Korea to say no to the US' so-called semiconductor cooperation plan because it doesn't want to end up being marginalized within the US' industrial alliances. But that doesn't mean South Korea could ignore the risks ...