A "low-altitude economy" exhibition area debuted at the 135th session of the Canton Fair, which opened on Monday, showcasing China's efforts to foster emerging and future-oriented industries.

Chinese internet giants JD.com and Baidu are aiming to speed up the development and adoption of artificial intelligence (AI) large language models (LLMs), as they hope to deploy their latest technologies to tap China's massive online market.

The China Securities Regulatory Commission (CSRC) has refuted recent market rumors that an adjustment to the delisting mechanism targets small-cap stocks, noting that it will not have a big impact on the securities market in the short term.

China's GDP growth rate beat market expectations to reach 5.3 percent year-on-year in the first quarter, kicking off a good start to the year and laying a strong foundation for achieving the annual development targets.

Participating in the Canton Fair has become increasingly easier for global exhibitors and purchasers, given the convenient transportation and visa services, the Global Times has learned.

China's economy has obviously gained more momentum in the first three months of 2024, with the official data showing the gross domestic product (GDP) growing by an impressive 5.3 percent in the first three months over a year earlier, following ...

The rugged Taihang Mountains once trapped Fuping county, North China's Hebei Province, in poverty for generations. Now, the song of prosperity and happiness echoes through the region as the people of Fuping, with support from the government's poverty alleviation policies, ...

China's consumer prices are expected to rise moderately by a small range in the coming months, with numerous factors contributing to driving the overall recovery of social demand, Sheng Laiyun, deputy director of the National Bureau of Statistics (NBS) said ...

A media delegation consisting of 28 foreign journalists from 21 countries on Monday completed their week-long journey from April 9 to 15 in Northwest China's Xinjiang Uygur Autonomous Region, attending "Seminar for Media Directors of the Silk Road Economic Belt ...

China's economic data for Q1 2024 -GDP: 29.63 trillion yuan, up 5.3% y-o-y -Total retail sales: 12.03 trillion yuan, up 4.7% y-o-y -Value-added industrial output: up 6.1% y-o-y -Investment in fixed assets: 10 trillion yuan, up 4.5% y-o-y -Import and export: 10.17 trillion yuan, ...

China's social retail sales jumped 4.7 percent year-on-year to reach 12.03 trillion yuan in the first quarter this year, data from the National Bureau of Statistics (NBS) showed on Tuesday, underscoring a stable consumption expansion as the country braced a ...

China's GDP grew 5.3 percent in the first quarter of 2024, well above market expectations as the world's second largest economy has gotten off to a robust start, which lays a solid foundation for the economy to achieve its goal ...

Chinese Vice Premier He Lifeng emphasized the importance of timely completion and delivery of real estate projects to buyers to protect their legitimate rights and interests during his property sector inspection tour in Zhengzhou, Central China's Henan Province from Saturday ...

Purchasers were seen carrying luggage, exchanging name cards when passing by each other, and rushing through the exhibition halls of the Canton Fair on Monday morning, the first day of the 135th session of China's landmark trade fair, which will ...

If the Philippines wants to reassure Chinese companies about investing in the country, it may need to take tangible steps to mitigate risks for Chinese investors, rather than just providing optimistic rhetoric.

US Treasury Secretary Janet Yellen has once again associated China with alleged "overcapacity" and noted that the US wouldn't take "anything off the table," including additional tariffs on cheap goods from China.

Prices for gold – traditionally seen as a safe-haven asset – have been on an uptrend in the last few months, rising about 17 percent so far this year. Against such a backdrop, US Treasury securities may lose some of ...

The French pavilion, the exhibition hall for French companies and products, officially opened on Sunday at the 4th China International Consumer Products Expo (CICPE), Asia's largest premium consumer products expo, in Haikou, South China's Hainan Province, with French businesses flocking ...

Chinese equities edged up on Monday, with all three key indexes staging gains of more than 1 percent. The rally came amid a panic selloff sweeping across other major Asian stock markets that have been fueled by escalating geopolitical tensions ...

Recently, in Western public opinion, the "China threat theory" and the "China collapse theory" in the economic field have given rise to new forms of hype, including the "China overcapacity theory," "China impact 2.0 theory," "China peak theory" and "China ...

After exploring Southwest China's industrial city Chongqing, German Chancellor Olaf Scholz on Monday arrived in Shanghai, an important city that has a large amount of accumulated German investment, and where he said that Europe is open to Chinese cars.

While hyping China's local debt issue, foreign media outlets have been using the term “local debt mountain” to sensationalize risks. However, their reports are full of flawed logic and biased misconceptions. China has never neglected the potential risks associated with ...

The China-Laos Railway has significantly boosted tourism along the route, helping consumption momentum and promoting cultural exchanges and economic and trade cooperation between the two countries, the Chinese Foreign Ministry said on Monday.

The issuance of panda bonds, or yuan-denominated bond issued by foreign financial institutions in China, has reached 66 billion yuan ($9.12 billion) as of April 14 this year, up 128.36 percent year-on-year, data from financial information service Wind showed, underscoring ...

The China-EU agreement on geographical indications (GI) has fostered greater stability in economic and trade cooperation between China and the EU, Pan Feng, a vice president of the China-Europe Association for Technical and Economic Cooperation, told the Global Times on ...

"I was informed of several ways to change money by staffers at the airport. They also taught me how to make mobile payments through Alipay. I can't wait to experience digital payments," Sophie, a first-time Canton Fair purchaser from Germany, ...

Following intensive visits to China by foreign CEOs in March, China has entered a week of international trade exhibitions. This highlights the potential of China's dynamic consumer market and the country's unswerving commitment to opening-up.

China's Ministry of Human Resources and Social Security has concluded its three-month spring recruitment campaign, distributing more than 6.6 billion yuan ($930 million) in subsidies, showing the government's latest efforts for supporting employment.

The official start of San Francisco Mayor London Breed's visit to China by invitation commenced on Sunday, marking her inaugural trip to the country since assuming office. This visit has garnered significant attention from both sides, with Chinese experts saying ...

With the Middle East conflict escalating following Iran's attack on Israel early on Sunday, fears are mounting that another series of destructive shockwaves will reverberate through global markets.

Last week, some international investment banks including Goldman Sachs and Morgan Stanley raised their forecasts for China's economic growth in 2024 to around 5 percent, as they believe the country's vibrant manufacturing sector led by high-tech innovation will offset the ...

As the world increasingly focuses on the green economy, efforts toward carbon neutrality have largely been dominated by multinational corporations, which can make the concept seem out of reach for small communities and businesses. However, Xie Zhoupei, a digital business ...

From automakers and cleaning equipment manufacturers to skincare brands, German businesses are actively participating in the ongoing China International Consumer Products Expo (CICPE) to establish deeper roots in China. The presence of these companies comes as the German chancellor is ...

India's exports to China in the first quarter of 2024 surged by 22.5 percent year-on-year. At a time when India has been stepping up efforts to boost its exports, the surge in India's exports to China will help inject new ...

Yiwu, the world's largest wholesale market for small commodities located in East China's Zhejiang Province, is embracing a surge in exports of sporting goods as the Paris 2024 Olympic Games draws near. Some merchants in the city said sales have ...

During her visit to China last week, US Treasury Secretary Janet Yellen expressed concern about China's "overcapacity" in some industrial sectors and its potential impact on American workers and businesses, saying that the US government will push for changes in ...

Australia-produced wines Bin 8 and St Henri are on display at the ongoing 4th China International Consumer Products Expo held in Haikou city, South China's Hainan Province on Saturday, marking their official comeback to a large-scale expo after China's recent ...

In an interview with US news outlet MSNBC on March 27, US Treasury Secretary Janet Yellen claimed that China's production overcapacity in the sectors of solar cells, electric vehicles (EV), and lithium batteries hurts US businesses and jobs due to ...

The fourth China International Consumer Products Expo (CICPE), Asia's largest premium consumer products expo, is being held in South China's Hainan Province starting from Saturday, marking the beginning of a number of trade expos this year that showcase China's dynamic ...

China is set to embrace another wave of intensive international events starting from this weekend, with the fourth China International Consumer Products Expo (CICPE) to open in South China's Hainan Province on Saturday, the main intentional expo held in China ...

China's total imports and exports expanded at the fastest pace in six quarters to hit a record of more than 10 trillion yuan ($1.38 trillion) in the first quarter of 2024, according to official data on Friday, adding to a ...

China's State Council, the cabinet, on Friday released a sweeping guideline, only the third of its kind, to strengthen regulation, tackle risks and promote the high-quality development of the capital market, as the country moves to build itself into a ...

After senior officials from the Netherlands and France visited China, other European leaders are following suit, which analysts said is aimed at seeking cooperation expansion with China amid the EU's internal economic problems and decreasing bilateral trade with one of ...

China's total imports and exports of goods expanded 5 percent year-on-year - the fastest speed in six quarters - to 10.17 trillion yuan in the first quarter of 2024, a record high during the same period, according to the General ...

Chinese Minister of Commerce Wang Wentao vowed to further cultivate China-Italy relationship, and hopes Italy to play a role in calling EU a rational and open-minded attitude to new energy cooperation with China.

Research unveiled during the inaugural China Humanoid Robot Industry Conference in Beijing from April 9 to 10 indicates that the global humanoid robot industry is entering a golden era, poised for sustained growth. The report predicted that the Chinese humanoid ...

German carmaker Volkswagen announced on Thursday it would invest 2.5 billion euros in its innovation hub in Hefei, East China's Anhui Province, as the company is further increasing its pace of innovation in China, its key market, the Global Times ...

The EU's unilateral adoption of so-called "market distortion" criteria to evaluate China's economy is a serious mistake and severely undermines the authority of the WTO rules system, a spokesperson for China's Ministry of Commerce (MOFCOM) said Thursday, while calling for ...

China's Ministry of Commerce (MOFCOM) affirmed the fruitful achievements in recent years and promising potential of China-Africa economic cooperation on Thursday, while offering encouragement for innovative investment collaboration in emerging sectors and calling for expanded economic ties with Africa.

China set up its first national supercomputing internet platform on Thursday, blazing a new trail in the establishment of a powerful national supercomputing internet consortium.

With German Chancellor Olaf Scholz about to embark on his second official visit to China, renewed excitement has been sparked for the potential of enhanced economic and trade collaboration between China and Germany.

If Tesla's long-awaited investment in an EV facility come to fruition, it will undoubtedly be good news for India and help boost EV production. The country has set ambitions targets, aiming to become a global leader in all sectors of ...

The National Development and Reform Commission (NDRC) gave details of a plan to promote the large-scale renewal of equipment and trade-ins of consumer goods on Thursday, with annual demand for equipment in key sectors estimated to exceed 5 trillion yuan ...

China's Foreign Ministry on Thursday said that the mutual visa exemption agreement signed with Georgia will facilitate personnel exchanges and promote cooperation in various aspects.

The US crackdown on China in the high-tech sector has intensified, with a latest move of blacklisting a couple of Chinese firms over their alleged involvement in military business. Chinese observers said on Thursday that the US tech hegemony will ...

In November 2018, China and Micronesia signed a Memorandum of Understanding under the Belt and Road cooperation framework, embarking on a new chapter of deepening cooperation. In recent years, the two countries have reaped a number of fruitful achievements under ...

China has taken extensive efforts to ramp up rural development, helping improving the environment and public services there. The efforts have generated plentiful investment and job opportunities. As a result, an increasing number of young people are voluntarily choosing to ...

Huawei's new flagship P70 smartphones are now available for pre-order subscription at some stores in China, and an industry analyst said that the new series will likely kick off its sales very soon.

As a special economic zone and a city blossoming on science and technology, Shenzhen, in South China's Guangdong Province, is not only an economic front-runner, but also a great "mirror" illustrating China's quick pace of technology innovation and economic development.

The EU cannot hold high the banner of combating climate change with one hand advocating global green cooperation, while wielding the stick of trade protectionism with the other hand, imposing restrictions on normal green technology trade and investment, Chinese Ministry ...

The Hainan Free Trade Port (FTP) will implement a new negative list for foreign investment in 2024, and set up and operate a multi-functional free trade account, in a bid to increase the inflows of goods and capital in South ...

China's Foreign Ministry on Thursday issued a decision regarding the launch of countermeasures against corresponding US companies for their involvement in selling weapons to China's Taiwan region, with immediate effect, according to a statement from the ministry on Thursday.

Since the beginning of 2024, a number of Western governments and media outlets have been hyping the so-called “overcapacity” of Chinese new-energy production, claiming it as a matter of great concern for them. By spinning the “overcapacity” narrative, the West ...

China's Ministry of Commerce (MOFCOM) on Wednesday slammed the EU's planned probe into Chinese wind turbines, saying the investigation distorts the subsidy definition, lacks transparency, and is a protectionist behavior that harms fair competition.

China's consumer price index (CPI), the main gauge of inflation, rose by 0.1 percent in March year-on-year, dragged down by seasonal factors as consumer demand dropped after the Spring Festival holidays.

The Guangdong-Hong Kong-Macao Greater Bay Area can capitalize on its geographical advantages to enhance connections and cooperation in the environmental industry, sharing resources and strengths, an authority from Hong Kong's environmental industry stated on Wednesday.

The Ministry of Industry and Information Technology (MIIT) on Wednesday announced a pilot project to remove foreign ownership restrictions on some domestic value-added telecom services in four regions of China - Beijing, Shanghai, Hainan and Shenzhen - showing the country's ...

If the liquidity squeeze of the US dollar continues amid high interest rates, it may be necessary for global financial markets – particularly, foreign exchange markets – to prepare for another storm caused by a strong dollar.

China is highly concerned over the EU's discriminatory actions against Chinese companies and even the entire industries, and it is hoped that the European side will not harm global efforts to address climate change, China's Ministry of Foreign Affairs spokesperson ...

Downward pressure on China's real estate market has mounted, but its spillover effects on the real economy and financial system have been greatly exaggerated by Western media outlets, which reflects the West's lack of understanding of the country and its ...

Chinese officials on Wednesday swiftly pushed back against US ratings agency Fitch's move to cut China's sovereign credit rating outlook to negative from stable, stressing that China's long-term growth prospects remain unchanged and the Chinese government has the ability and ...

Japan should be wary in its semiconductor cooperation with the US, which is seeking hegemony, Chinese observers said on Wednesday. If it tries to hit China at the bidding of the US, Japan's industries risk being victimized, analysts noted.

Ahead of German Chancellor Olaf Scholz's visit to China, a survey released by the German Chamber of Commerce in China revealed that 79 percent of the German companies surveyed in China plan to continue their investments, affirming their confidence in ...

China's job market has been boosted by a robust rebound in services consumption as well as the rise of artificial intelligence (AI) in the first quarter, industry reports showed.

China's vehicle market got off to a good start in the first quarter, with production and sales each exceeding 6.6 million units, data from the China Association of Automobile Manufacturers (CAAM) showed on Wednesday.

China's Ministry of Finance on Wednesday said it is disappointed with Fitch's decision to downgrade the outlook of China's sovereign credit rating, saying that the rating methodology fails to effectively reflect the positive effects of China's fiscal policy on promoting ...

The China Chamber of Commerce to the EU (CCCEU) on Tuesday expressed profound dissatisfaction with the European Union's subsidy investigation into Chinese wind turbine suppliers. The chamber reiterated that the EU's latest intervention "forges an act of economic coercion".

As spring arrives, the Yellow River awakens, and the surrounding landscape bursts into life with budding grass and trees. Along the banks of the Yellow River in Danianchen town, Huimin county, Binzhou city, Shandong Province, stretches of peach blossoms create ...

South Korean tourist arrivals in China rose more than nine times year-on-year in January, data released by the South Korean authorities showed, indicating a clear recovery in inbound tourism in the post-pandemic era, according to media reports.

The number of A-share IPOs has fallen significantly so far this year, with none available for subscription this week, and issue prices have become more reasonable, indicating a steady rise in market confidence as regulators move to enhance the quality ...

Chinese Commerce Minister Wang Wentao said on Monday in France that China's anti-dumping investigation into brandy imported from the EU does not target any specific EU countries nor carry predefined findings, as China and the EU have strengthened communication recently ...

While Yellen again explicitly stated that the US doesn't seek to decouple from China, the tough message she conveyed during the visit inevitably raised global concerns over a potential green trade war.

Taiwan Semiconductor Manufacturing Co (TSMC) is set to receive up to $6.6 billion in direct funding under the CHIPS and Science Act to support TSMC's investment in three fabrication plants in Phoenix, Arizona. However, TSMC's renewed commitment to the US ...

Spanish fashion powerhouse Zara refuted rumors on Tuesday about its withdrawal from the Chinese market, following speculation sparked by recent store closures in various cities across the country.

As the Qingming Festival holidays came to a close, Chinese travel companies have reported increased bookings and inquiries for the upcoming May Day holidays, signaling continued momentum for the sector.

China on Tuesday stepped up its pushback against accusations of “overcapacity” brought up by US Treasury Secretary Janet Yellen during her trip to China, saying that politicizing production capacity and other economic and trade issues is counterproductive to global economic ...

Despite the challenges posed by the lackluster global economy and an increasingly complex, severe, and uncertain external environment, China's economy managed to achieve 5.2 percent growth in 2023. This growth contributed over 30 percent to global economic growth, solidifying China's ...

China will continue to bring strong momentum to global economic growth and provide more opportunities for global development with its own stable development, China's Foreign Ministry spokesperson Mao Ning said on Tuesday, in response to the recent Western media hype ...

Chinese Foreign Ministry spokesperson Mao Ning on Tuesday responded to the US allegation that China's new energy sector faces the problem of “overcapacity,” saying that politicizing and securitizing trade issues such as hyping “overcapacity” go against economic laws. It is ...

China was home to 340 unicorns at the end of last year, start-ups with a valuation of over $1 billion yet to get listed at the stock market, the second largest number after the US, according to the Global Unicorn ...

An official from the Cyberspace Administration of China (CAC) said on Tuesday that facial recognition for online shopping represents excessive collection of the customers' personal information, noting that entities must refrain from collecting unnecessary personal identifiers and related information.

China's anti-dumping probe into imported brandy from the EU does not target any EU member nor has any pre-set investigation results, and China will conduct the probe in line with Chinese laws and WTO rules to fully ensure the rights ...

Trade protectionism measures are not helpful in solving overcapacity issues, Liao Min, China's vice minister of finance, said on Monday, in response to comments made by US Treasury Secretary Janet Yellen on Chinese new-energy products.

Chinese officials have hit out at US and European accusations of “overcapacity” in China's electric-vehicle (EV) industry in recent days, while Chinese experts believe that playing the “overcapacity” card shows the West's insecurity over China's competitive advantage. They added that ...

From East China's Fujian Province to Northeast China's Jilin Province, governments at all levels vowed to provide more support such as easier market access, an improved business environment and public services to bolster the confidence of private companies, the major ...

The macroeconomic data shows advantage and resilience in China's economy. The continuous growth of the Chinese economy has injected strong momentum into the world economy. In the construction of an open world economy, China has demonstrated its responsibilities as a ...

With escalating Western sanctions on Russia, how China-Russia economic and trade cooperation will be affected has become a topic of concern. Against this backdrop, the Russian foreign minister's latest visit to China is being closely watched.

Beijing has launched an artificial intelligence (AI) public computing platform to meet the increasing needs of AI enterprises. The launch comes at a time when expanding the supply of computing power becomes a key focus for China as computational power ...

Foreign investors' confidence in China is on the rise. The country improved its ranking as an attractive destination to invest over the next three years, jumping to the third place from the seventh in 2023, and continuing to lead emerging ...

US Treasury Secretary Janet Yellen is well known in China for her high-profile posting within the US government, including as a former head of the US Federal Reserve. But in her last two visits to China, her choices of different ...