Alibaba Chairman and CEO Daniel Zhang assured investors of no major impact from a record $2.8 billion antimonopoly fine on the e-commerce giant at a conference call on Monday prior to the market opening.

As the US economy is widely expected to post high growth this year boosted by massive fiscal stimulus, economists are raising concerns of potential negative impact on emerging economies, as capital and investment might flow to the US from these ...

The US will likely surpass Ukraine as China's top source of corn this year for the first time since 2015, as China's corn imports from the US continue to grow amid increasing demand, soaring prices and the China-US phase one ...

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

Shenzhen city is conducting another round of stepped-up digital yuan test from April 10 to 23, enlarging test population by 500,000, as China leads in the global race to employ a digital currency, according to an expert.

Four electronic payment providers were chosen by Hong Kong to operate the city's HK$36 billion digital voucher scheme this summer, which is estimated to bring economic growth of 0.7 percentage points this year, Hong Kong's Financial Secretary said on Sunday. ...

Like Washington, politicians in New Delhi have fiercely advocated against another national lockdown for fear of maiming Indian economy.

China is not facing a two-pronged economic rebound or the K-shaped rebound from the Covid-19 crisis, but the economy is on an overall upward trend, said Xiao Gang, a member of the National Committee of the Chinese People's Political Consultative ...

Alibaba Group was fined 18.23 billion yuan by China's regulator for market monopoly practice.

The amount of funds raised through IPOs in Hong Kong hit HK$132.8 billion ($17.07 billion) in the first quarter, a surge of 822 percent from the year before, Hong Kong Exchanges and Clearing (HKEX), the operator of the Hong Kong ...

While some enterprises said that they have reduced costs from China's tax and fee reduction policies and survived last year amid COVID-19, some small and medium-sized enterprises (SMEs) find it difficult to benefit from preferential policies.

Tesla said its vehicle sales in March reached 35,478 units, the highest monthly record in China.

Macao Special Administrative Region, as Chinese mainland residents' only outbound destination free of 14-day quarantine, continues to rise in popularity for mainland travelers, is expected to become “a dark horse” in the upcoming May Day holidays.

The Party and the government will be held equally accountable for food security, according to the revised regulations on grain circulation management to be effective from April 15, marking the first time that the co-responsibility for food security lands in ...

Chinese technology giant Huawei announced the launch of its HarmonyOS-based new products that cater to the smart home experiences. This is a further step toward smart home market in its acceleration for product innovation.

All Tesla models can get license plates as normal, the company said in a statement sent to the Global Times on Thursday, responding to the recent rumor that Shanghai's Pudong Vehicle Administration Bureau had temporarily halted the registration of all ...

Sea Bull II, a deep-sea drilling rig developed by a Chinese research team, held a successful trial for drilling at a world-record depth of 231 meters on the seabed of the South China Sea on Wednesday.

The US relentless sanctions against Chinese technology companies are nothing but another mosquito bite that will not disrupt China's pace in high tech development, said an expert with China's Commerce Ministry.

Sales on Luxury Pavilion, a luxury platform under Alibaba's Tmall e-commerce platform, rose 159 percent year-on-year from January to March this year, according to statistics sent to the Global Times on Thursday from Tmall.

Hong Kong SAR's Chief Executive Carrie Lam on Thursday said she supports proposals to relax listing requirements on the Hong Kong Stock Exchange.

As the US government unveils a $2 trillion infrastructure plan, President Joe Biden said that the US must put itself “in a position to win the global competition with China.” At a press briefing on Sunday, a White House spokesperson ...

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 ...

Chile, the world's largest copper ore exporter, announced plans to shut its borders for 30 days due to a raging COVID-19 pandemic, causing uncertainty over global copper supplies.

China's top economic planner and the commerce ministry announced 22 measures to boost market access to support the building of a free trade port in South China's Hainan Province, with the focus on opening up the high-end consumer-oriented services.

Western anti-China think tanks have recently cooked up another piece of work for their relentless smear campaign against China's investments and assistance to developing countries in Asia, Africa, Latin America and others.

China's fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising prices, an energy expert said following a meeting requiring coal plants to increase production to the maximum level.

The global race to launch digital currencies is fiercer as central banks from more countries explore how to use the money of the future. In the competition, China has taken the lead thanks to an early start and abundant application ...

Following a multi-year crackdown campaign, the US is seeking to further escalate its rivalry against China in the technological field. Among a series of recent action plans, the US Senate Commerce Committee is set to hold a hearing on a ...

About 40-50 percent of the rare-earth enterprises in Ganzhou, East China's Jiangxi Province - most in the middle and downstream segments of the industry chain - have halted production in recent days to rectify environmental protection issues, industry insiders told ...

Luxury Swiss watchmakers, usually not big fans of online retailing, are launching a new all-digital Watches & Wonders event on Wednesday to show off their latest products, hoping to revive sales hit by the coronavirus crisis.

Canadian merger and acquisition (M&A) activity during the first quarter soared to an all-time high as dealmaking recovered from the coronavirus fallout, and bankers point to a healthy pipeline of transactions underpinned by easy financing conditions.

With the large-scale vaccination rollouts on a global scale, the concept of vaccine passport is also gaining support in more governments, in a bid to gain confidence for global travel.

China's import and export magnitude has far exceeded the same period last year, with the growth rate hitting around 20 percent compared with the same period in 2018 and 2019 before the COVID-19 outbreak, according to the spokesperson with the ...

The so-called anti-China protests in Kazakhstan are in fact malicious hyping by a handful of people, Gao Feng, spokesperson for China's Ministry of Commerce (MOFCOM), said on Thursday.

Hainan Maritime Safety Administration issued a compliance certificate to Hainan Laifushi Marine Engineering Management Co, meaning the enterprise became the first wholly foreign-owned shipping firm qualified for business in Hainan Free Trade Port.

South China's Hainan Province is set to pilot a digital currency consumption promotion event, as Chinese central bank-backed digital currency is being tested in more places.

China's top economic planner and commerce ministry announced 22 affirmative measures to boost market access to support the building of China's free trade port in South China's Hainan Province with the highlight on pushing forward the opening up in high-end ...

Huawei will launch a co-developed electric vehicle (EV) smart car next week, a move that analysts said could challenge Tesla and put the Chinese company on a new track to compete with Apple.

Australian salmon traders are benefiting from a gradual recovery of China's seafood consumption, despite souring relations that have disrupted sales of major Australian goods to China.

Facebook confirmed that it is testing a new Venmo-like QR code for person-to-person payments in the US, media reports said on Tuesday.

After illegally freezing the bank accounts of Chinese tech giant ByteDance, an Indian court on Tuesday reportedly asked the company to deposit $11 million for alleged tax evasion. ByteDance denied the allegation in court, saying the freeze amounted to harassment ...

Is the US going through a strong wave of consumption rebound as the country's economy restarts after the coronavirus' impact? Taking the business of some Chinese exporters who rely heavily on the US market, the answer is yes.

As the world seems to be facing an increasingly bumpy recovery road amid uncertain geopolitical environment, China and South Korea, which effectively handled the COVID-19 pandemic, have been ratcheting up efforts to form closer bilateral ties and expand cooperation in ...

In an email sent to the media Tuesday evening, the US State Department said that it was looking for a coordinated approach with its so-called partners and allies toward the participation in the upcoming 2022 Winter Olympics in Beijing. A ...

East China's Zhejiang Province plans to build an international spacecraft launch center in five years with total investment of 20 billion yuan ($3 billion) that will carry out 100 missions per year.

Economic opportunities brought along by the COVID-19 pandemic and China's fast-growing new industries are thrusting more new faces from the Chinese mainland into this year's Forbes list, as the world saw the ranks of ultra-rich swelling and the largest number ...

China will phase out tax and fee reduction policies that were launched last year to buffer against the COVID-19 epidemic in an orderly manner, Assistant Finance Minister Ou Wenhan said on Wednesday.

The Ministry of Industry and Information Technology (MIIT) solicited public opinions on a draft regulation on Wednesday to strengthen management of information intelligently connected by automobile manufacturers

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.

Tomb-sweeping was a major event during the Qingming Festival on Sunday, but pet cemeteries dominated the headlines this year.

China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, has been extended to more consumption areas, including travel and auto repair and maintenance services.

China Development Bank (CDB), the government's major policy lender, will issue 300 billion yuan ($45.87 billion) of loans to encourage the research and development of advanced technologies, in order to support tech innovations and enhance the country's technology level.

A central bank working paper has suggested improve the onshore market pricing mechanism of RMB exchange rate and establish RMB currency futures market at proper time.

Chinese home appliance maker Joyoung announced on Wednesday that some products have already supported Huawei HarmonyOS as more brands endorsed the self-developed operating system which is regarded as Huawei's plan B to replace Google's Android OS amid its US-led crackdown.

Smart self-driving bullet trains will start to run between Beijing-Shanghai, Beijing-Harbin, Beijing-Guangzhou, Chengdu-Chongqing routes before July 1, further entrenching the advantage of China's high-speed railway in the world, said China State Railway Group Corp on Wednesday.

The Chinese company Zijin Mining Group Ltd announced on Tuesday that, together with its Canadian partner, Barrick Gold, it is having a constructive discussion with the government of Papua New Guinea (PNG) on a framework agreement for the reopening of ...

China and South Korea will coordinate and establish a mechanism for the mutual recognition of their health codes, China's Ministry of Foreign Affairs said on Tuesday, in a move that would help further normalize business and tourism activities between the ...

The US push for a global minimum tax rate on multinationals to ensure funding for President Joe Biden's $2.3 trillion infrastructure proposal without pushing firms away is unlikely to materialize and help the US to stop business offshoring, Chinese experts ...

Chinese State Councilor and Foreign Minister Wang Yi has sent a message of great importance to his Japanese counterpart ahead of a US-Japan summit next week: China and Japan should stay out so-called great power rivalry game and value a ...

A US attempt to build an alliance to contain China's rise in the semiconductor sector by seeking to recruit Japan as a partner does not stand a high chance of success anytime soon, given the closely intertwined global supply chain ...

The IMF on Tuesday increased China's growth projection to 8.4 percent for this year, as effective COVID-19 containment measures boost the economy's strong recovery.

The Biden administration appears to gear up for a more localized semiconductor supply chain, adding fuel to the speculation about a high-stake “chip war” between the US and China.

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

As US stocks continue to hit new highs lifted by rounds of excessive fiscal stimulus, many countries are stepping up their de-dollarization efforts to reduce reliance on the greenback amid fears of a potentially weaponized US dollar.

Xiamen Airlines told the Global Times on Tuesday that it is modifying its Boeing 737 MAX jets after Boeing issued technical guidelines for the carrier, a necessary preparation before the planes return to service.

Instead of burning joss paper while carrying out traditional tomb sweeping, some Chinese people now also began to burn paper-made luxurious handbags, phones, laptops and even counterfeit Mercedes-Benz cars to ancestors and deceased family members and friends.

Chinese domestic airlines see flights doubled over the Qingming Festival holiday, industry data showed, a strong sign to show the industry's recovery after years' dark time. Data from industry information provider VariFlight showed on Tuesday that, during the three-day holidays ...

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 comes as domestic firms are running to ...

After a wave of speculation focused on Chinese branded upmarket shoes, which has made headlines in many Chinese news outlets, Dewu, a major second-hand sneakers trading platform in China, said Tuesday that it has removed several sky-high priced shoes by ...

Private Caixin services PMI, which gauges China's services sector activity hit 54.3 in March, up from 51.5 in February, ending a consecutive three-month decline as the vaccination rate boosted market confidence.

China's A-share markets opened high on Tuesday following a strong recovery across the domestic tourism industry over the Qingming Festival holidays.

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

Technological advances will become a key part of the Beijing 2022 Winter Olympic Games, as smart robots, 5G-enhanced “bullet-time” camera arrays and cloud-based broadcasting are tested in a major venue for the games.

Malaysia resumed construction work on the East Coast Rail Link's (ECRL) Section C on Monday, which would enhance China-Malaysia economic and trade cooperation and lay a solid foundation for the high-quality joint construction of the Belt and Road Initiative (BRI), ...

Timber prices in China soared as imports have been affected by the COVID-19 pandemic, which has put much stress on companies in the sector. But experts predicted that the situation will ease as the pandemic wanes and conditions improve.

102mln domestic tourist trips made during China's Qingming Festival

Chinese airlines' “fly freely” programs, unveiled during the pandemic, are facing an online backlash among Chinese consumers who claim that they can't redeem their rewards as promised now that demand is rebounding.

There are some key diplomatic engagements between Europe and India scheduled for this month and later this year. Several senior European officials, including British Prime Minister Boris Johnson and French Foreign Minister Jean-Yves Le Drian, are scheduled to visit India ...

The Suez Canal jam, caused by a stranded container ship, has posed an unprecedented challenge to the global supply chain, pushing businesses to look for new options to diversify their trading routes, especially along the Belt and Road, which during ...

Chinese companies are diversifying their exploitation of iron ore in Africa at a record pace amid soaring prices and strained relations with Australia, which experts said signals that China is reducing reliance on "unfriendly" Australia for this key resource.

As the stances of some global sportswear brands -- including Nike and Adidas -- toward cotton grown in Northwest China's Xinjiang Uygur Autonomous Region have caused a backlash, the money and scalpers behind special edition shoes designed by these companies ...

As the world puts its focus on addressing climate change, the speed of major economies in developing eco-friendly clean energies and high-tech industrial products, like solar panels and electric vehicles, will be tested.

China last year attracted 520.6 billion US dollars of foreign investment, up by 81 percent from 2019, the State Administration of Foreign Exchange (SAFE) said in a report.

Chinese public transportation including airway, road and railway in the past two days have seen a strong growth as the country welcomes the Qingming Festival – the first public holidays in 2021 after the Spring Festival in February, and consumption ...

China's major Internet companies have registered a 29-percent year-on-year increase in business revenue in the first two months of 2021, official data showed.

Assets under management of public offering of funds in China reached 21.78 trillion yuan (about 3.32 trillion US dollars) by the end of February, data from the Asset Management Association of China (AMAC) showed.

Hong Kong's business community has expressed support for the country's top legislature's move to improve the electoral system of the Hong Kong Special Administrative Region (HKSAR), saying the move will ensure a stable and orderly business environment in Hong Kong. ...

Responding to reports by Chinese netizens of a "problematic map of China" on Swedish clothing brand H&M's official website (hm.com), the bureau of planning and natural resources in Shanghai informed the company and asked it to rectify the "problematic map" ...

Showing no sign of slackening, the global chip supply shortfall is pushing up the prices of chip wafers and semiconductor products by a steep 20 percent, media reports said.

Chinese consumption in many sectors including tourism, catering and transportation is expected to experience a boost during the Qingming Festival holiday as China lifts restrictions on people's movement after tamping down the epidemic, with many sectors having prepared accordingly. Experts ...

Chinese runners applauded the suspension of a partnership between a domestic marathon race organizer and Japanese sportswear company ASICS, which has caused outrage among the Chinese public for its double-crossing move on the Xinjiang cotton issue.

Ruili in Southwest China's Yunnan Province, the main bridge linking the country with Myanmar, has closed the jade trade fair in the city and suspended the imports of jade from Myanmar following the latest flare-up of novel coronavirus cases, according ...

Business representatives from both China and the US expect closer ties to jointly develop the auto industry that is directed at smart electric vehicles (EVs). They are calling for an open and fair business environment despite the ongoing tensions between ...

US President Joe Biden introduced on Wednesday a $2 trillion plan over eight years in a bid to create millions of jobs in the US through infrastructure investment.

An annual US government trade report, which lists "significant barriers" that could pose challenges to the US growth opportunities, has accused China on a large number of issues and vowed to "correct these harmful trade practices" in the future.