China's services gain traction among global consumers
Heatwaves sweeping across Europe this summer have made air conditioners a hot commodity. For many European consumers, however, the challenge was not only purchasing a cooling device, but also having it delivered and installed quickly.
China's 'Nvidia alternative' Moore Threads posts 147.42% growth in H1 revenue, amid GPU sector's expansion
Chinese chipmaker Moore Threads, often described as "China's Nvidia" or "Nvidia alternative," reported fast revenue growth in the first half of 2026, which exceeded its entire 2025 full-year figure. The growth accompanied other domestic graphics processing unit (GPU) companies' gains, marking a clear shift toward profitability.
South Korea is grappling with scorching heat waves this summer, with temperatures soaring above 40 C in its capital city of Seoul for the first time since 2018. The extreme ...
International businesses are taking a closer look at China's import market. The first batch of exhibits for the 9th China International Import Expo (CIIE) is now on its way to ...
Central China province targets $12b trade with Africa by 2028, focusing on mining and modern agriculture
Envision, DeepSeek's Ulanqab pivot taps China's energy strengths, natl plan; 'Clusters of AI computing hubs show institutional strengths'
China's world-first 16mW tension-leg floating wind platform begins operation, built to withstand Category-17 typhoons
China set to overtake US to be global leader in travel, tourism investment in next decade: report According to a Science and Technology Daily's Sunday report, China has discovered and named a new mineral, Wusihe germanium ore, with an average germanium oxide content of up to 72 percent, second only to germanite.
China's market landscape experienced a structural optimization in the first half of 2026, powered by a lineup of emerging and future-oriented industries.
German exports to China fell year-on-year in the first half of 2026, pointing to a deeper restructuring of bilateral trade as China moves up the manufacturing value chain, Chinese analysts said. They also cautioned that the decline should not be ...
Global automakers are forging deeper and longer-term ties with China, as the country's role evolves beyond a key market into an increasingly important hub for automotive research and development (R&D) and innovation.
With just one day to go before Chinese humanoid robotics pioneer Unitree Robotics opens subscriptions for its initial public offering (IPO) on Shanghai's STAR Market, investor attention has extended far beyond the company itself, highlighting a broader capital-market rush into ...
Phase I Bozhong 19-6 gas field, China's first 100-billion-cubic-meter gas field in the Bohai Sea, has entered full operation, with daily oil and gas output surpassing 5,200 tons, CNOOC Tianjin Branch announced on Sunday. The project is of great significance ...
“The takedown of the support‑guide page might signal pending tweaks to technical details amid ongoing regulatory progress,” Liu Dingding, a veteran tech analyst, told the Global Times on Sunday.
China's consumer price index (CPI), a main gauge of inflation, rose 0.5 percent year on year in July, official data showed Sunday.
Apple Intelligence has been formally integrated with Alibaba's Qwen model on macOS, according to Apple's Chinese website on Saturday, enabling voice assistant and text-generation functions and marking a significant step forward in the rollout of Apple's AI services in the ...
A US federal judge on Friday temporarily "barred the Pentagon from including Chinese biotechnology group WuXi AppTec on a list of companies believed to support Beijing's military," according to Reuters. Chinese experts said the ruling sends a positive signal for ...
China continues to be the leading destination for Brazilian soybeans, and the Brazilian soybean industry wants to further deepen this relationship, expecting historically high volumes in the coming months, the Brazilian Association of Soybean Growers (Aprosoja Brasil) told the Global ...
Beijing's housing authority announced on Friday that the social insurance or individual income tax payment requirement for non-Beijing-registered families to purchase commercial residential properties within the city's fifth ring road will be reduced from "two years" to "one year," effective ...
China's exports of integrated circuits (ICs) reached $216.02 billion in the first seven months of 2026, up 99.5 percent year-on-year, according to data released by the General Administration of Customs (GAC) on Friday.
The 19th Annual Forum of the World Association for Political Economy (WAPE) opened on the afternoon of August 5, local time, at the University of Greenwich in London under the theme "The Wealth of Nations in the Multipolar Age".
In economic theory, “overcapacity” is inherently a recurring feature of the market economy's dynamic “balance – imbalance – rebalance” cycle, for which no universally accepted definition exists. The Western narrative that equates China's sizable production capacity directly with “overcapacity” defies ...
In economics, overcapacity is a dynamic and relative concept. Supply-demand balance is temporary, and imbalance is the norm. The Western narrative that equates the sheer scale of China's production capacity directly with "overcapacity" is, frankly, economically illiterate. It conflates size ...
China rare-earth exports totaled 4,223.5 tons in July, and cumulative exports reached 34,706.3 tons in the first seven months of 2026, down 10 percent year-on-year, Chinese customs data showed on Friday.
Chinese robot company Unitree Robotics held an online investor meeting on Friday for its initial public offering (IPO) on the Shanghai Stock Exchange's STAR Market, with Unitree founder Wang Xingxing saying the firm will continue to advance key software and ...
Nearly two years after its launch, Chancay Port has entered a phase of rapid growth. As an important logistics hub in Peru, the port is accelerating the development of a new Latin America-Asia ocean shipping lane, while intensifying connection and ...
Eight Chinese leading polysilicon producers have issued public pledges to stop selling solar products below a cost benchmark, in a fresh industry effort to curb “involution-style” competition and support healthier pricing in the country's photovoltaic supply chain, the Shanghai Securities ...
LONGi, a global green energy leader, today announced a global partnership with FC Bayern Munich at a launch ceremony held at Rosewood Hong Kong.
Chinese experts on Friday slammed the US move to impose a series of price floors and a 15 percent tariff on products made from polysilicon, saying it was another sign that the US is using trade tools to contain China's ...
China's goods trade imports and exports sustained a sound growth momentum in the first seven months, with the total value reaching 30.13 trillion yuan ($4.46 trillion) of 2026, up 17.3 percent year-on-year, extending sound growth trend. The deep integration of ...
China's goods imports and exports sustained a sound growth momentum in the first seven months of 2026, with the total value reaching 30.13 trillion yuan ($4.46 trillion), up 17.3 percent year-on-year. In July alone, exports of high-tech products – including ...
A high-speed railway traversing a permafrost zone in northeast China's Heilongjiang Province entered trial operation on Thursday, bringing the country's northernmost bullet-train line one step closer to official service.
China's robust industrial chain and rapid iterative innovation have propelled its artificial intelligence (AI) hardware sector into a global leadership position, with Shenzhen's Huaqiangbei — the world's premier electronics hub — emerging as the core gateway for Chinese intelligent products ...
China's top internet regulator announced on Thursday that it has launched a cybersecurity review into products sold by US-based Palo Alto Networks in the country, a step that Chinese analysts said was necessary for national security as Washington increasingly engages ...
When Francesco Faiola first arrived in China, he had no long-term plans. Yet he stayed - because, as he puts it, "China made me feel like I belong to a scientific community that's now helping set global directions." A decade ...
Workers assemble a transmission tower at the Gansu-Zhejiang ultra-high-voltage power transmission project in Wuhu, East China's Anhui Province, on August 6, 2026. Spanning 2,370 kilometers, the project is a key part of China's west-to-east power transmission program. It will deliver ...
Chinese robotics company Unitree Robotics has set the price for its initial public offering (IPO) on Shanghai's STAR Market at 150.80 yuan ($22.3) per share, seeking to raise 6.1 billion yuan, according to a filing made public on Thursday.
Chinese auto giant SAIC Motor and the US automaker General Motors (GM) have signed an agreement to extend their joint venture (JV) partnership by 20 years to 2047.
A new rule issued by US authorities has thrust certain used critical minerals into the spotlight of the key raw materials supply chain. The US is banning the export of lithium-ion battery and tungsten waste in an effort to curb ...
A 15 percent tariff on polysilicon products could become the latest symptom of Washington's deepening obsession with technology containment against China, as the US administration continues to expand its China-targeted restrictions from raw materials to finished products, ranging from chips ...
Temperatures in parts of East China's Shandong Province recently exceeded 40 C. In a grain storage facility in Jiyang, a district of Jinan in Shandong, the average temperature of stored grain remained at about 20 C. An internal air circulation ...
The global pharmaceutical landscape is shifting, and China's innovative drug industry is expanding overseas at speed. A clear supply-demand shift began in 2023 and peaked in 2025, marking a period of value realization for the sector.
Hydropower generated in Laos has for the first time been transmitted to China's Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through the China-Laos 500-kilovolt (kV) interconnection project, marking a new milestone in cross-border clean energy cooperation between the two countries, according ...
The "new new three" - artificial intelligence (AI), robotics and innovative medicine -is now making global headlines as China's latest foreign-trade sensation. This change in export leaders reflects a clear industrial upgrade. While the "new three" (new energy vehicles, lithium ...
During the first six months of 2026, robotics, artificial intelligence (AI) and innovative drugs cemented their position as the emerging “new new three” driving forces in China's export landscape. The emergence of China's “new new three” reflects the development of ...
China's largest artificial intelligence (AI) computing industrial park has been completed and put into operation in Ulanqab, North China's Inner Mongolia Autonomous Region. It is also the single AI data center (AIDC) with the largest token output capacity in the ...
China's top internet regulator announced on Thursday that it has launched a cybersecurity review into products sold by Palo Alto Networks in the country.
A reported US plan to levy a 15 percent tariff on polysilicon imports, interpreted as a move to counter China's strengths in the sector, is another protectionist measure that would further strain bilateral trade and economic relations if implemented, Chinese ...
TuringQ, a Shanghai-based photonic quantum computing company, entered initial public offering (IPO) tutoring with the Shanghai branch of the China Securities Regulatory Commission on Thursday, intensifying the competition to become China's first listed quantum computing firm and highlighting a broader ...
The 2026 Electrek American Solar Challenge (ASC) has recently concluded. As one of the most prestigious events in global solar racing, the ASC is renowned for its grueling distance, complex road conditions, and highly variable climate - an ultimate test ...
Chinese automaker SAIC Motor and General Motors (GM) on Wednesday announced a 20-year extension of their joint venture partnership to 2047.
China firmly opposes the US' overstretching the concept of national security and abusing state power to unjustifiably suppress Chinese companies. Protectionism will not enhance US competitiveness, a spokesperson of the Chinese Embassy in the US told the Global Times on ...
China's Ministry of Commerce (MOFCOM) announced on Thursday that imports of beef from Argentina reached 50 percent of the set annual quota on August 5. Once Argentina's beef imports reach the full quota, an additional 55 percent tariff will take ...
China and India have considerable scope for cooperation in the field of artificial intelligence (AI), as their AI capabilities are complementary in many respects, a senior Indian expert told the Global Times in an exclusive interview.
China's main steel industry body on Wednesday called for wider use of a yuan-denominated iron ore price index, saying it would provide a more objective and transparent alternative to dollar-based benchmarks, curb speculation and better reflect market supply and demand.
China's green fuel industry has made phased progress, with production capacity steadily increasing. As of the end of 2025, the country had green fuel production capacity of about 8 million tons of oil equivalent (TOE) per year, according to a ...
Chinese robot maker Unitree Robotics began preliminary price inquiries on Wednesday for its planned IPO on the Shanghai Stock Exchange's STAR Market. Investment banks estimate its post-listing valuation could exceed 40 billion yuan ($5.9 billion), while CCB International sees it ...
This year, artificial intelligence, robotics and innovative medicines - dubbed the "new new three" - are expected to emerge as new pillars of China's foreign trade. This shift from last year's "new three" of exports - namely electric vehicles, lithium ...
A US congressional report that accuses Chinese telecommunications companies of being linked to potential cybersecurity vulnerabilities in US telecom networks once again exposes Washington's propensity to politicize technology and cybersecurity issues, Chinese experts said on Wednesday, noting that the claims ...
China's biggest technology companies are putting multidisciplinary artificial intelligence (AI) talent at the center of their 2027 graduate recruitment, with AI-related positions accounting for more than 80 percent of openings at Alibaba and more than 90 percent at Baidu, as ...
Australia's rooftop solar story is moving beyond households. In a media release on Wednesday, Australian Climate Change and Energy Minister Chris Bowen said that the government is helping businesses, farms and community organizations cut energy costs by reducing the cost ...
In a report released on Tuesday, the World Bank made an optimistic assessment that artificial intelligence (AI) could allow developing countries to do in a decade what might otherwise take a century. The report found that AI will throw developing ...
China firmly opposes the US overstretching the concept of national security, and abusing state power to go after Chinese businesses, Chinese Foreign Ministry spokesperson Lin Jian said on Wednesday, in response to reports of the US drafting a ban on ...
China's largest self-propelled pure electric-driven deep-sea cable-laying vessel completed its launching operation in East China's Jiangsu Province on Tuesday, marking a solid step toward formal delivery and operation for this major piece of equipment in the offshore wind power sector.
China on Wednesday announced a range of swift and decisive countermeasures in response to the US' continued escalation of unilateral protectionist moves targeting Chinese businesses and products, with restrictions spanning industries from cotton to drones and robotic equipment under the ...
US automaker General Motors and Chinese auto giant SAIC Motor have signed an agreement extending their joint venture partnership by 20 years to 2047, the companies said in an official statement on Wednesday.
China's countermeasures against the negative measures taken by the US Federal Communications Commission (FCC) and US Department of Homeland Security (DHS) are generally restrained, a spokesperson for China's Ministry of Commerce (MOFCOM) said on Wednesday, after China announced a slew ...
The National Certification and Accreditation Administration of China (CNCA) has decided to suspend, effective immediately, the post-certification factory follow-up inspections conducted by US certification bodies entrusted by designated institutions for China Compulsory Certification (CCC),according to CCTV News.
China on Wednesday decided to add US-based Compliance Testing LLC to its countermeasure list and prohibit organizations and individuals in China from conducting any transactions, cooperation, or other activities with the company, China's Ministry of Commerce (MOFCOM) announced on Wednesday. ...
China's Ministry of Commerce (MOFCOM) announced to initiate a foreign trade national security investigation into imported office equipment with printing and copying functions that is installed with foreign system software, effective Wednesday. This marks China's first national security investigation in ...
China's Ministry of Commerce (MOFCOM) on Wednesday announced countermeasures in accordance with the law against six US entities for assisting and supporting Washington's illegal sanctions related to Northwest China's Xinjiang Uygur Autonomous Region, with the measures taking effect immediately.
China released strengthened export controls on drone-related dual-use items to the US, in order to safeguard national security and interests and fulfill international obligations such as non-proliferation, the Ministry of Commerce (MOFCOM) announced on Wednesday. The rule takes effect immediately ...
The oceans, covering over 70 percent of Earth's surface, are both the largest repository of resources and the most challenging frontier for humanity to conquer.
The "new new three" — artificial intelligence (AI), robotics and innovative medicine — have rapidly gaining momentum and are poised to become the new pillars of China's overall growth. Amid global supply chain shift and growing tech competition, these sectors ...
The Trump administration is considering fresh restrictions on Chinese-made data center components and is also preparing possible tariffs and a price floor on polysilicon, a key material used in both solar panels and semiconductors, Reuters reported on Tuesday, citing sources ...
Researchers from the Institute of Modern Physics (IMP) under the Chinese Academy of Sciences (CAS) and their collaborators have observed an extremely rare isotope, hafnium-153, with the help of the newly completed high intensity heavy-ion accelerator facility (HIAF), a major ...
Chinese robot maker Unitree Robotics began a preliminary inquiry for its initial public offering (IPO) and listing on the STAR Market of the Shanghai Stock Exchange (SSE) on Wednesday. Chinese investment banks widely estimated that the company's post-IPO valuation could ...
Alejandra Palacios found herself moving from summer heat to winter chill in just a matter of minutes. One moment, she was strolling in almost 30-degree-Celsius warmth in summer clothes; the next, she was bundled in a thick down jacket as ...
India's smartphone manufacturing sector has drawn renewed attention after Reuters reported that the country has proposed extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, potentially benefiting Apple, which has reportedly lobbied for such changes. ...
Cooperation in automotive industrial chains between China and South Korea has been gaining momentum. The latest example is the signing of a $75 million investment agreement between South Korean automaker KG Mobility (KGM) and China's Chery Automobile Co, the Yonhap ...
The US administration is reportedly drafting a ban on US imports of new models of Chinese data center components, Reuters reported, citing four people familiar with the matter. A Chinese veteran industry analyst said the move shows that the US' ...
Kazakhstan and China have discussed opening new scheduled air routes and the possible establishment of a joint regional airline serving domestic and international destinations, Kazakhstan's Civil Aviation Committee said, according to a report by KazTAG. A Chinese expert said that ...
China's economic growth is undergoing a structural shift, with new and emerging technologies moving beyond a supporting role to become genuine drivers of growth. According to data released by China's National Bureau of Statistics (NBS) in July, the high-end manufacturing, ...
China's services trade totaled 3.779 trillion yuan ($560 billion) in the first half of 2026, up 8.3 percent year-on-year, a trend that a Chinese industry analyst said highlights the growing momentum of China's new quality productive forces.
A second-quarter report released by market research firm Counterpoint Research on Tuesday showed that the Chinese memory-chip giant CXMT's market share surged 716 percent year-on-year to 7 percent, making it the world's fastest-growing dynamic random-access memory (DRAM) supplier during the ...
In the first half of this year, more than one-third of the electric vehicles (EVs) sold in South Korea were manufactured in China, Yonhap News Agency reported on Tuesday, citing a latest industrial report. A Chinese expert said that the ...
China released a mandatory national standard for autonomous driving system safety on Tuesday, which will take effect on July 1, 2027. It aims to establish a unified safety baseline for level 3 and level 4 autonomous driving systems, regulate technology ...
LLMs and intelligent agents are key drivers of productivity growth, but advanced applications bring greater security risks—as seen in the recent OpenAI "jailbreak" incident. To advance "AI+," we must "run fast" and "run steady" side by side.
China's foreign trade has kept on gaining steam. Following the "new three" (NEVs, lithium batteries, and PV), a "next new three"—artificial intelligence (AI), robotics and innovative medicine —is emerging as the new growth driver.
Multiple provincial and municipal power grids across China have set new load records this summer. While heat waves bring temporary spikes in cooling demand, sustained growth in energy consumption in China is being driven by rising electricity demand from artificial ...
China's capital market supports “decarbonization, adaptation, and resilience” goals internationally as it emerges as a growing channel for global climate finance through selling Panda bonds –yuan-denominated bonds issued by overseas institutions in China's capital market and Dim Sum bonds— yuan-denominated ...
A coalition of 25 Democratic-led US states has sued the US administration on Monday, alleging that the US president exceeded his legal authority by imposing sweeping tariffs on 60 trading partners and asking the US Court of International Trade to ...
The Chinese Embassy in South Korea has rejected recent media reports claiming that Chinese tourists are the main driver of growth in South Korea's casino industry, urging Seoul to tighten the oversight of casino industry and curb gambling-related solicitation targeting ...
China aims to raise the share of its electricity generated from non-fossil energy sources to 50 percent by 2030, according to a newly released national plan outlining the country's power sector development for the 2026-2030 period.
The construction site of a 200-megawatt/800-megawatt-hour shared energy storage power station is seen in Xingqing district, Yinchuan, Northwest China's Ningxia Hui Autonomous Region, on August 3, 2026. In recent years, Ningxia has accelerated the development of a new-type power system, ...
Western media outlets have recently been keen to hype the narrative that China prioritizes industry over consumption. The latest example is a Reuters report on Monday, headlined "China draws 'red lines' around its economic model ahead of EU, US trade ...
The US-based OpenRouter, a leading global AI platform, released its latest weekly ranking of AI model usage, with all of the top five models developed by Chinese companies, a trend that a Chinese industry analyst said underscored the rapid rise ...
Last year, the "new trio" of new-energy vehicles, lithium batteries and photovoltaic products made a strong impression in global markets, becoming standout symbols of Chinese manufacturing. This year, artificial intelligence, robotics and innovative medicines - dubbed the "next new three" ...
India has recently shown signs of easing some long-standing restrictions on trade and investment with China, as the country seeks to balance strategic considerations with the need to attract more economic engagement from the world's two largest economies, the US ...
Japan and the US on Monday confirmed coordinated foreign exchange intervention to prop up the yen after the currency tumbled to a nearly 40-year low. However, economists pointed out that Washington's participation stems entirely from its own economic interests, adding ...
During a recent visit to Xiamen, Global Times reporters observed how openness and sustainable development have become two defining forces behind the city's transformation, shaping not only its industries but also its communities and urban landscape.
The world's first boring and blasting machine (BBM) officially rolled off the production line at a manufacturing base of China Railway Science & Industry Group in Wuhan, Central China's Hubei Province, on Saturday, filling the gap in integrated tunneling equipment ...
China on Monday unveiled revised regulations on the protection of integrated circuit layout designs, which will take effect on October 15, 2026, according to the Xinhua News Agency.
The US Department of Homeland Security (DHS) recently added 43 Chinese companies to its "Entity List" under the so-called "Uyghur Forced Labor Prevention Act" (UFLPA), with the move taking effect on Monday. The targeted companies include firms from industries such ...
A growing number of Chinese artificial intelligence (AI) companies are turning to open-source strategy to promote access to advanced models, with Alibaba's Qwen and Shanghai-based MiniMax unveiling new models this week and announcing plans to open-source them, aiming to reduce ...
The 5-year China Government Bond (CGB) futures started trading in Hong Kong on Monday, the only CGB futures in the offshore market.
The Federation of German Industries (BDI) reportedly warned that the growing problems with China are hitting the industry hard and across the board, claiming that it is “experiencing a China Shock 2.0.” A Chinese expert said that Germany should face ...