The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) concluded in Beijing on September 6, with both sides vowing to jointly build an All-Weather China-Africa Community with a Shared Future for the New Era, and to pursue modernization and prosperity hand-in-hand.

Agricultural cooperation between China and Africa has greatly enhanced the agricultural production capacity of African countries and transformed the production methods and concepts of African farmers, bringing revolutionary changes to the local agricultural industry.

Lately, some American politicians have again hyped China's "overcapacity," attempting to exert pressure on China and shift the blame of the US' domestic industrial crisis onto China.

Some politicians in the US continue to promote the narrative of “China's overcapacity,” despite it being inconsistent with economic principles and factual evidence. Such irresponsible rhetoric only serves as an excuse for advocating trade protectionism.

As it is the shortest maritime passage linking northeast Asia and western Europe, the development of the Northern Sea Route holds significant implications for trade between China and Russia, as well as between China and Europe.

The US trade deficit surged by 7.9 percent from the prior month to $78.8 billion in July, the highest level in more than two years. Some political elites may still have an irrational fear about a deficit in foreign trade, even though much of their anxiety is unnecessary.

China is increasingly becoming an attractive hub for German companies to carry out research and development (R&D) to remain competitive in both the local and global markets, the South China Morning Post (SCMP) reported on Tuesday, citing a survey released by the German Chamber of Commerce in China. Such studies offer a new perspective for people to see the economic interaction between China and the EU.

Under pressure from the US to further tighten restrictions on exports to China, Japan's concerns about China's potential response appear to be mounting. It will be hard for Japan to avoid bearing the costs if it cooperates with the US in further suppressing China's semiconductor sector.

China CSSC Holdings and China Shipbuilding Industry Corp (CSIC) announced on Monday a plan to merge through a share swap. With market values of hundreds of billions of yuan each, these two prominent shipbuilding companies are set to consolidate into a global industry leader in terms of assets, revenue and order backlogs. This merger will cement China's position as the world's largest shipbuilding country in terms of comprehensive competitiveness.

Options for four nonferrous metals - lead, nickel, tin and aluminum oxide - were listed on the Shanghai Futures Exchange on Monday. This development represents the more complete coverage of options in the nonferrous metal sector in China, offering a more comprehensive risk management tool for industries within this sector, according to Chinese financial news site stcn.com.

It is not surprising to see some Western media outlets again targeting China's green cooperation with Africa, which actually reveals anxiety over China's growing influence in the global energy transition. However, these anxieties will not impede the progress of China-Africa green cooperation.

The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), to be held in Beijing from Wednesday to Friday, will help accelerate economic development in Africa, especially infrastructure projects and the new-energy sector cooperation, an Egyptian scholar told the Global Times in a recent interview.

India's scrutiny of Chinese investments poses a dilemma for its own development, with political and economic considerations intertwined. It is imperative for India to strike a delicate balance between protecting national security and promoting economic development. Without enhancing mutual trust, India will struggle to boost Chinese investments that are vital for the advancement of its manufacturing sector.

Many countries in the world now face a shrinking, and simultaneously aging, population, which, if not promptly reversed or mitigated, could negatively impact the sustainable growth of their economies. A sufficient number of people is indispensable for running and reinforcing the operation of a functioning economy.

China's technological innovation and industrial transformation calls for an increasingly educated and skilled workforce. Since the start of reform and opening-up, China's education sector has rapidly evolved, with compulsory education becoming universally available and higher education expanding, laying a solid foundation for improving the country's human resources and demographic structure.

The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC), held from July 15 to 18, made systematic plans for further deepening reform comprehensively with an emphasis on building the high-standard socialist market economy.

The fifth Qingdao Multinationals Summit was held recently in Qingdao, East China's Shandong Province, drawing more than 500 attendees from more than 450 multinational enterprises. In a complex international environment, the summit was, to some extent, an epitome of the true interaction between China and the global economy.

Some Western media outlets and organizations never get tired of smearing the human rights situation in Xizang. Nevertheless, the tangible progress in Xizang's development serves as a powerful rebuttal to these baseless lies.

China's local government debt periodically makes headlines in Western media outlets. Some Western commentators criticize the so-called "problematic balance" in China's central-local fiscal relationship, claiming it adds to the challenges facing the Chinese economy. Such voices are absurd and completely run counter to China's economic reality.

While the US "decoupling" push appears to be aimed directly at China, it is ultimately a form of trade protectionism intended to protect US domestic industries. In this light, even India, viewed as a potential alternative supplier for the US, is experiencing the strain.

At a time when the global high-tech industrial chain has been disrupted by US-led hegemonic acts, it is unreasonable and unfair for the West to expect China to maintain the West's supply chain interests while China's interests are being hurt.

Several Western media outlets have recently published articles exaggerating the impact of China's "falling births" on the country's overall economy. A biased and distorted judgment of China's population development reflects those Western elites' serious lack of understanding of the Chinese economy.

The US may be on the brink of cutting interest rates, but the bigger challenges facing the US economy are only just beginning. The high-tech industry in the US has not fully shown its positive impact on the manufacturing sector, thereby constraining the overall growth potential of the US economy. This could be part of the backlash against Washington's efforts to contain or decouple with Chinese manufacturing.

A massive emerging market economy like China's always needs to value foreign direct investment (FDI), as it has been a catalyst for growth. FDI not only brings in much-needed capital but also helps in the transfer of technology, skills, and knowledge. This, in turn, boosts productivity and efficiency in the local economy.

Whether from the perspective of production or consumption, China and ASEAN are forming a closer industrial chain. It is necessary for China and ASEAN to upgrade the existing free trade arrangement and continue promoting mutual market openness.

The European Commission (EC) recently published a draft plan to impose up to 36.3 percent definitive countervailing duties on imports of Chinese electric vehicles (EVs), following the hostile action adopted by the US government-imposed 100 percent duty on Chinese EV imports.

There are many metrics to gauge an economy's growth quality and growth prospect, such as annual expansion of the gross domestic product (GDP), the advancement of average household's income, the technology development levels, broad public welfare, as well as improvements in environmental sustainability and social inclusion.

China's efforts to boost international use of yuan are in line with the objective needs of global development to contain financial risks, diversify the world's payment system, and maintain financial stability.

Western media outlets have repeatedly portrayed India as an "alternative" to China in terms of trade and manufacturing in their narratives serving the wrong "decoupling" approach. Yet, these misleading reports are detrimental to the development of the Indian infrastructure.

China has made strides in exploring and using renewable energy sources amid efforts to cut carbon emissions. The country's electricity consumption serves as a good example of this trend. Unprecedented load in July was met by record output from hydro and solar facilities, ensuring coal-fired generation fell slightly year-on-year, Reuters reported on Tuesday.

With China-Africa trade cooperation deepening, China has proven through its practical support that it is truly helping Africa's development.

Amid a complex global economic environment, China's adherence to its opening-up policy and the stabilization of foreign investment holds immense importance in the establishment of a more robust supply chain system.

Amid a weaker than expected global economic recovery and increasing protectionism that's disrupting the world economy, enhancing development cooperation, particularly in infrastructure, between China and Vietnam holds great importance for the advancement of the regional and global economic recovery.

Despite facing geopolitical pressure, the joint efforts of China and the Maldives to pursue enhanced economic and trade cooperation will demonstrate that seeking common development and cooperation is an irreversible trend in the region.

India has ambitions to become a major manufacturing hub, and it has been courting foreign firms to set up operations in the country. The process involves complicated issues. How India chooses to view its processing industry may be a key variable for the future of India's manufacturing development.

The Global South, with its growing impact on the international global economic and political stage, has emerged as a pivotal force driving international open development and cooperation. Nevertheless, it is imperative to ensure that the development of the Global South is not derailed by any geopolitical game.

The third plenary session of the 20th Communist Party of China (CPC) Central Committee, held in July, is of historical importance. During the session, the 20th CPC Central Committee adopted a resolution to further deepen reforms and advance Chinese modernization.

The restrictions on US technology exports to China are encountering mounting opposition due to the growing financial losses of American companies and the burgeoning independent innovation capabilities of Chinese companies, ultimately ruling out the possibility of the US being able to force allies into alignment on further export controls over China.

Taiwan Semiconductor Manufacturing Co (TSMC) is expected to break ground on its first European factory in Dresden, Germany next week, the VOA reported. While the EU has stepped up efforts to revive the semiconductor sector, history teaches us that achieving success will require more than just manufacturing investment.

China recently released a 33-point guideline to ramp up the country's leading role in the green transformation of industries, services and other social activities to realize the country's pre-set green, low-carbon development goals. It is of great importance for the strategic guideline to be broadly and earnestly implemented. China's unflinching green push will contribute to achieving high-quality economic development.

While the US policy of reshoring manufacturing has made progress, prioritizing the promotion of the US manufacturing industry completely over economic efficiency will inevitably pose challenges and uncertainties to the sustainability of its return.

Saudi Arabia's energy transition has created new opportunities for China-Saudi Arabia cooperation. In the latest example, it was reported by Reuters on Tuesday that China Energy Engineering signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia.

Some media outlets in the US never tire of comparing the challenges of American manufacturing with the progress of Chinese manufacturing, even though such comparisons may not be meaningful. This approach is prone to causing unwarranted anxiety that could distract the US from addressing its manufacturing problems.

Some Western media outlets have run reports hyping the claim that "foreign investors pull record amounts of money from China." Such efforts have fueled a new round of commentary about a "stalling Chinese economy," which has repeatedly been struck down by reality.

Canada's latest move to erect barriers against Chinese mining investment shows that the country is going to extreme lengths in terms of overstretching security concerns into normal economic issues, which sends a negative signal for the future of bilateral mining cooperation and hinders the development of global mineral resources.

Nikkei Asia published an article on Sunday stating that Chinese courts have been handing down judgments related to generative artificial intelligence (AI). Some Westerners may tend to view the rule-making process of AI from the perspective of a global race. That is unnecessary. Verdicts by Chinese courts will make a positive contribution to improving global AI governance.

Despite the strong complementarity of China-Germany trade relations, there are geopolitical factors that may affect the further growth of bilateral trade. With new changes emerging, the urgency to address these issues is increasing.

China's largest cities including Beijing, Shanghai, Shenzhen and Hangzhou have recently accelerated their pace of green transformation by quickly replacing internal combustion engine vehicles with clean new-energy ones.

While economic indicators and recent turmoil in financial markets may not technically constitute clear signs of a recession, risks in the US economy and its financial markets are building up. These risk factors pose a threat to its own financial stability and that of the world from multiple aspects, calling for greater vigilance among global investors.

Some Western countries may believe protectionist tariffs can discourage EV imports and help boost local EV industries, but the opposite is true. Southeast Asia's story proves that free trade and fair competition are what promote the development of the EV industry and contribute positively to economic growth.

The US subsidy program is essentially about its technological hegemony and exposes protectionist tendencies toward its own chip industry. Its goal is to support domestic chipmakers while exerting control over foreign ones, concentrating the chip industry in the US.

India's Adani Group is planning a 150 percent increase in its output of solar panels by 2026 to bolster the country's carbon net zero target and reduce dependence on China, Bloomberg reported on Wednesday. However, it may be not smooth sailing ahead.

In recent years, artificial intelligence (AI) has been rapidly developed in Africa. A growing number of forums and conferences are discussing the possibility of AI cooperation in fields including agriculture, health care, education and finance. With the development opportunities created by AI, achieving breathrough development has become a focus among African countries.

The world's capital market landscape looks increasingly volatile and tumultuous this week, primarily caused by the sudden tick-up of unemployment rate in the US labor market. The inaction by the US Federal Reserve policymakers to adjust the interest rates in the first half of 2024 is to blame.

Through the Belt and Road Initiative (BRI), China has demonstrated a willingness to share its development dividends by actively engaging in practical cooperation and investing in Southeast Asia's infrastructure construction. This policy has provided tangible development opportunities for Southeast Asian countries and laid a solid foundation for long-term cooperation between China and Southeast Asian nations.

The US has always touted itself as the world's best destination for inward foreign direct investment, but it cannot be denied that the investment environment in the US is deteriorating. The US is largely in a mode of zero-sum games and treats China with suspicion and even hostility. All of this will deal a serious blow to investor confidence.

The refusal by the US to recognize Vietnam as a market economy appears to be both an economic decision and a political one, influenced by its domestic economic conditions and its strategy to counter China. Washington's increasing trend of politicizing its trade policy has become a source of growing uncertainty in the global economy.

The global interest rate cutting cycle seems to be picking up steam. Despite rising uncertainties in global financial markets, the yuan's exchange rate is expected to remain stable, with fluctuations within a reasonable range.

The Sirajganj photovoltaic (PV) power station, the largest solar power project under construction in Bangladesh, has been connected to the power grid, Power Construction Corp of China said on its official WeChat account on Saturday.

The world has been early awaiting a US interest rate reduction. The Federal Reserve (Fed) has maintained policy rates at 23-year high of 5.25-5.5 percent since July 2023. When monetary policy is kept too restrictive for too long, it can cause harm to the economy, resulting in cramped business activity and higher unemployment rates because employers would have fewer unfilled job openings.

The ominous clouds looming over the US economy are growing darker, resulting in a significant drop in the stock market on Friday. Is there a storm on the horizon?

Instead of truly driving reindustrialization in the US, policies aimed at boosting American manufacturing seem to only result in increased costs and rising debt, underscoring the irrationality of US politicians targeting Chinese manufacturing.

India's Ministry of Steel has asked the trade ministry to investigate "cheaper steel" imports from China and Vietnam, Reuters reported on Wednesday, citing a government source directly aware of the matter. If this was true, we hope India could think twice. A protectionist investigation against imported steel will strike at foreign investors' confidence in the Indian economy.

If Canada were to follow the protectionist path of the US in the EV sector, it should carefully examine the problems facing the American EV market and prepare to accept the even worse consequences of replicating American protectionist practices.

Amid a boom in AI semiconductors, the US may step up pressure on its allies to restrict trading with China, including South Korea. If Seoul cannot resist that pressure, the semiconductor industry in the country will probably suffer.

The recently released resolution of the Third Plenum of the 20th Communist Party of China (CPC) Central Committee has made an important commitment to developing a financial system for scientific and technological innovation to provide greater support for major national science and technology programs and small and medium-sized tech enterprises (SMEs).

US Federal Reserve officials are widely expected to leave interest rates steady at the conclusion of their two-day meeting on Wednesday, but there are still many uncertainties. What's worse, the rising national debt may further complicate the situation. As the US remains the world's largest economy, any mistake it makes may have strong spillover effects that will harm itself and burden even the entire world.

Despite Washington's efforts to relocate manufacturing industrial chains from China to India and some other Asian countries through coercion and inducement, challenges in implementation have revealed that the process is more complicated and thornier than anticipated.

Many African countries have responded to climate change by ramping up their efforts to reduce carbon emissions. Amid their transition toward a low-carbon, climate-resilient and environmentally sustainable economy, economic complementarity between China and Africa has created potential for cooperation in the new-energy industries, especially the electric vehicle (EV) sector.

Numerous factors contribute to the continued growth of China's foreign trade amid the West's trade protectionism, particularly the US-launched trade war against China. However, the primary reason is the increase in exports from China's western region.

About half of the members of the World Trade Organization (WTO) have reached a preliminary deal on e-commerce that would permanently ban tariffs on digital transactions, Bloomberg reported on Saturday. Although Washington reportedly signaled a reluctance to fully endorse it, the e-commerce deal is an important success story for the organization, underscoring the vitality of the multilateral trade mechanism.

Nvidia, a global leader in AI chips, with a market capitalization topping $3 trillion on average over the past two months, is reportedly working on a version of its new flagship AI chips for the Chinese market that will be compatible with the Biden administration's export control dictate, Reuters reported last week.

The Italian government has sent signals about further promoting the development of China-Italy economic and trade cooperation, garnering great attention. In light of the trade dispute between China and the EU regarding tariffs on electric vehicles, any step taken toward pragmatic communication is commendable and valuable.

Is China caught in a "liquidity trap?" The topic periodically makes headlines in Western media outlets. The answer would appear to be obvious. Such pessimistic views have been going around for decades, while those who peddle them never got it right.

Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, said that the communique of the third plenary session of the 20th CPC Central Committee highlighted both reform and opening-up while reaffirming the commitment to the basic national policy of opening-up. “I believe this will offer further reassurance for foreign businesses and investors,” Li said during an exclusive interview with the Global Times.

India seems to be changing its stance to attract more Chinese investment, but the success of this policy adjustment hinges on whether India still sees China as a strategic rival in geopolitics and security, which hinders trust between the two countries.

Japan's Nippon Steel will withdraw from a joint venture with Shanghai-based Baosteel, Nikkei Asia reported on Tuesday. As a result, Nippon Steel's steel production capacity in China will be reduced by 70 percent. This is undoubtedly regrettable.

CrowdStrike's strategy of smearing and excluding China has unexpectedly made China one of the least affected major economies in the latest tech outage. The irony should spark a reflection on who is the real threat to cybersecurity in the world.

In a panic-driven but unattainable attempt to cut China out of global industrial chain collaboration, the US has increased its scrutiny of Mexico's trade with China. However, this shouldn't be a reason for Mexican officials to point fingers at China, and Mexico shouldn't follow the US down a dead end.

TSMC's strong second-quarter results didn't support its share price, which unexpectedly sank in the US and Taiwan island. This outcome is a warning to TSMC and underscores the growing disruptive impact of US geopolitical pressure.

Western smearing campaign against China-Pakistan energy cooperation under the BRI and CPEC framework cannot stop the two sides from creating unprecedented opportunities for sustainable growth of the local economy.

Brazil's interest in joining the BRI demonstrates that it is not swayed by unfounded criticism from Western countries and is committed to making independent decisions that benefit its own development.

The recent wave of failures in the US solar industry serves as yet another example of how protectionism impedes the sustainable development of a promising industry.

G7 appears to be using so-called economic coercion accusations to put pressure on China, but this only exposes its hypocrisy. The fact that the group itself is really the one engaging in economic coercion is evident in the statement.

US Secretary of State Antony Blinken unveiled Wednesday a new program to boost production of semiconductors in some Latin American countries. It's not a bad thing if Latin American countries gain manufacturing investment from the US. What's concerning is whether this is just "lip service" from the US.

The more the EU faces disagreement over protectionism and free trade, particularly in the EV sector, the more enhanced communication and mutual understanding between China and the EU are needed.

UBS Group AG said in a research note that new tariffs of 60 percent on all Chinese exports to the US would more than halve China's annual GDP growth rate, Bloomberg reported on Tuesday. Such anxiety is groundless. It is absurd to exaggerate the threat that protectionist US tariffs pose.

China requested WTO expert panel on dispute over NEV subsidies under the US IRA. This responsible approach demonstrates China's adherence to international trade rules. While criticizing others' trade practices, some countries like the US have turned a blind eye to their own protectionism, showcasing blatant double standards.

Apple Inc's annual sales in India jumped 33 percent to a record of almost $8 billion in the year through March, underscoring a rapidly growing market where the iPhone maker now assembles more of its devices, Bloomberg reported on Monday, citing a person familiar with the matter.

Therefore, if China rolls out measures to stimulate its domestic demand, it should consider issues from the perspective of the real situation of the Chinese economy, instead of the groundless hype about "insufficient domestic demand" and the false "overcapacity" narrative.

As the third plenary session of the 20th Communist Party of China (CPC) Central Committee held in Beijing from Monday to Thursday is expected to primarily examine issues related to further comprehensively deepening reform and advancing high-quality development of the Chinese economy, how China will continue to adhere to a high level of opening-up and better utilize foreign investment for years to come has attracted widespread attention.

Amid growing trade protectionism, Western media outlets, which have deliberately played up China's strong exports as the cause of trade tensions, should think long and hard about why the West's erection of all sorts of trade barriers has still not been able to stop China's manufacturing from forging ahead in the global market.

With talks to upgrade the India-South Korea free trade agreement (FTA) moving forward, senior officials of both countries will hold the next round of negotiations from Wednesday in Seoul, Indian news agency PTI reported, citing "an official."

Japan-Germany economic security framework is an overstretch of the security concept in their economic spheres, a trend that undermines mutual benefits and efficiency, and exacerbates uncertainty and risk in international markets.

China's exports in June rose by an impressive 8.6 percent from a year earlier to reach $307.85 billion, beating the 7.6 percent increase seen in May, the General Administration of Customs (GAC) said on Friday. The improvement in foreign trade is a testament to China's rising comparative advantages in manufacturing across the low-, middle- and high-end segments, as well as the resilience of China's industrial ecosystem, with its strong and globally unrivalled supply chain as its distinctive hallmark.

The DPP authorities in China's Taiwan region seem to be making a fresh push to expand military collusion with the US under the guise of “trade and economic partnership,” but it is an extremely dangerous approach.

There is still a long way for Chinese automakers to realize internationalization of their operations in the Southeast Asian market, although the fact is that they have become increasingly competitive. As the competition escalates, some Western media outlets have increasingly focused on geopolitical games and have played up the “China threat” theory, but the narrative cannot help exploit potential for mutually beneficial cooperation.

Despite the progress made in the internationalization of the Chinese yuan, it is crucial for China to maintain a clear perspective on the financial fluctuations and risks behind the hype over de-dollarization.

Japan's increasing efforts to boost chip production to explore the opportunities in the expanding AI and EV markets will inevitably result in competition with rapidly advancing industries in China. However, the vast market potential and the mutually beneficial collaboration in the industrial chain between China and Japan indicate that the two countries can cultivate a positive coopetition relationship, despite the US pushing an anti-globalization agenda.

Despite challenges posed by Washington's increasing protectionism, China's shipbuilding industry has already established a strong foundation for sustainable growth. This suggests that the growth momentum of Chinese manufacturing will not be hindered.