Europe was once the world's leader in terms of the development of wind energy, but right now, some industry leaders have to resort to trade protectionism to stave off competition from China. This is the tragedy of Europe's wind power industry.
China needs to play a constructive role in talks at the World Trade Organization (WTO) to reform global trade rules on industry subsidies, or risk rivals setting their own policies at China's expense, European Trade Commissioner Valdis Dombrovskis said on Monday, Reuters reported.
With financial markets once again facing uncertainty about the Fed's rate policy, China is moving at its own pace to provide certainty for market expectations, which not only highlights the flexibility of China's monetary policy, but also reflects its ability to stabilize confidence.
It seems that the EU is cementing its leadership as the primary regulator of tech giants, but to truly uphold fair digital competition and safeguard internet users from illegal online content, it needs to eliminate ideological bias in policy decisions concerning Chinese companies like TikTok.
Chinese companies in India have reportedly agreed, under pressure from the Indian government, to outsource their manufacturing processes to Indian companies, a move that local media outlets hailed as a "big victory" for local players. However, it is likened to an "arranged marriage," and it may disrupt normal cooperation in business and trade if normal business decisions are subject to the government intervention.
When the world is grappling with climate change challenges, the possibility of a slower transition to EVs in the US doesn't bode well, as it is a sign of the dilemma for American automakers in promoting EVs.
It is not much of a surprise that Apple appears to be facing an uphill battle to reverse falling iPhone sales in China. Analysis of the manufacturing industry and supply chain may help people see Apple's performance in China from a new perspective.
China has recently moved to prop up its stock market, in an intensified bid to strengthen investor confidence and shore up domestic buying power that underpins China's overall economic rebound. A set of well-coordinated macro policy tools are necessary to backstop the market. It is of great importance for the policymakers to rectify market malpractices and overturn the negative market narrative.
While some political elites play up "de-risking" from China, German companies have obviously voted with their feet. Their direct investment in China reached a record of nearly 12 billion euros ($13 billion) in 2023, Bloomberg reported.
Despite US concerns about China's growing cooperation with Pacific Island Countries, China's stance and actions of helping those countries achieve social stability and economic development won't be affected by geopolitical interference.
Whether or not Volkswagen can withstand the new wave of Western pressure, it won't stop China from strengthening and consolidating Xinjiang's manufacturing edge for the purpose of the region's prosperity and stability.
It is not surprising that some Western observers and media outlets are once again resorting to promoting the "China threat" theory in order to exert pressure on Chinese manufacturing industries. This time, their target is China's shipbuilding sector. Vigilantly, these false accusations have the potential to disrupt the global supply chain and further harm the world's already fragile economy.
The US relentless crackdown on #China's tech industry has made the prospect of meaningful cooperation on #AI more uncertain. Rather than cutting off China's connection with cutting-edge AI technologies, what the US has done is more like isolating itself from the global technological innovation ecosystem: Chinese tech observer
Does the US enjoy absolute power that enables the country to exclude China from the global financial system? It certainly does not. American politicians who try to use the financial influence of the US as leverage to intervene in China's domestic affairs should wake up from their daydreaming.
While there may be a risk of increased competition between China and the EU in green industry development, this does not obscure the big picture of bilateral green energy cooperation.
If Chinese-made goods are blocked from entering the US market due to being labeled as the result of “overcapacity” or “dumping,” American consumers will have to spend more money purchasing products with the same quality as Chinese ones.
The relatively lower price level of #Chinese economy does not represent the risks Western media hyped. Instead, it gives ample room for #China's counter-cyclical adjustments to bolster economy.
Aimed at maintaining financial stability, China's regulatory efforts will not change its long-term goal of promoting high-level financial openness, but will further serve the goal instead.
The Financial Times Chinese edition published an op-ed piece recently saying that stalled trade agendas are pushing some senior American trade officials out the door, but the flurry of resignations won't get US trade policy out of its predicament. We worry that Washington's inaction to promote trade facilitation may cast shadows over global trade.
Almost two years after the Biden administration unveiled its Indo-Pacific Economic Framework (IPEF), the economic initiative still hasn't generated any real trade deals, a development that may have disappointed the participating countries rather than surprising them, as the IPEF itself is originally a strategic alliance targeting China in the guise of boosting trade ties.
Sri Lanka was hit in 2022 by one of its worst economic crises in history. But now, to stabilize its economy, the island country has been renewing a focus on free trade to foster economic growth. The question remaining is how the country can find a suitable and stable path of economic development amid the complex geopolitical environment.
Major Chinese cities, including Guangzhou, Suzhou, Zhengzhou and Shanghai, have moved to relax curbs on property buying. This will enable permanent and temporary residents in those cities to purchase homes on much easier terms. For example, Guangzhou has recently ruled that apartments with a floor space of more than 120 square meters can now be freely purchased, without any restrictions on the number of apartments to be bought. Suzhou has removed all previous restrictions.
It is no secret that ever since Western governments froze approximately $300 billion of sovereign Russian assets, they have been working on plans to legitimately seize those frozen assets. However, instead of addressing any of the problems in the Russia-Ukraine conflict, confiscation will only set a disastrous precedent in the international financial system.
The US appears to be increasingly inclined to use non-market means to dodge market competition. An addiction to this approach may backfire.
India cut the import duty on a number of mobile phone components to 10 percent from 15 percent, which has brought much-needed good news to the country's mobile phone manufacturing sector. Yet it is not enough.
Before the outbreak of COVID-19, the Chinese economy had experienced a relatively stable growth rate for many years. However, the virus had a significant impact on the economy. In 2020, thanks to effective measures in combating the virus, the Chinese economy quickly rebounded from a contraction.
IMF's upward revision of its forecast for China's 2024 economic growth is undoubtedly a good sign pointing to the improving confidence and expectations for the Chinese economy among Western public opinion.
Despite Western smears, Xinjiang has entered the fast lane of development. It is possible that Xinjiang will become another manufacturing center in China, constituting an important part of the story of China's manufacturing transformation and upgrading.
While the US "carrot" of chip assistance dangling in front of Vietnam seems very tempting, if the Southeast Asian nation really wants to develop its semiconductor sector, it needs to first dilute the geopolitical influence on its industrial development as much as possible.
As a further sign of instability in Australia's lithium market, the country's biggest lithium mine has become the latest to feel the pain of global overcapacity. Amid economic uncertainty, multi-dimensional cooperation between China and Australia is necessary to help stabilize the market.
Even though the global economic slowdown and an ideology-based approach to China policy may introduce some volatility into China-Germany trade relations in the short term, there won't be a fundamental change in the momentum of bilateral economic ties.
If Japan were to take similar actions as the US in tightening export controls, which would affect trade with China, it would seriously harm the interests of Japanese businesses and backfire on the Japanese economy.
The US government is expected to award billions of dollars in subsidies to top semiconductor companies, including Intel and TSMC, in the coming weeks to help build new factories, the Wall Street Journal (WSJ) reported on Saturday. However, even if the report is true, subsidies can only play a limited role in underpinning a renaissance in US manufacturing.
Financial strength enables growth. In 2024, China has the financial capacity to accelerate economic growth as Chinese banks are holding a massive pool of savings equal to 288 trillion yuan ($40 trillion) across all types of entities and Chinese households.
With deepening ties between China and Central Asia, Xinjiang has emerged as a key driver in the country's western opening-up and cooperation with neighboring countries.
Apple's long-awaited mixed-reality headset, the Vision Pro, is a hot topic in the tech world ahead of its coming debut at the US Apple Store on February 2. Extensive media attention has been drawn to the complex supply chain behind the Vision Pro hardware, with many saying that China's supply chain plays a significant role in its manufacturing. Some industry insiders claim that Chinese mainland companies account for about 60 percent of the supply chain.
China's increasing industrial investment does not equate to "a crisis of overcapacity." Whether China exports advanced production capacity or excess capacity should be determined by the global market, instead of Western politicians and media outlets.
The escalating crisis of Boeing is giving rise to mounting frustration and anger within the aviation industry, as repeated safety problems of the American aviation giant, which highlight its poor quality control, along with regulatory failures and narrow-minded US industrial policies, clearly can't easily be fixed.
Despite Washington's emphasis on adjusting its focus on Africa, it seems that US-Africa cooperation may still be a test of whether the US return to Africa can actually yield results or become just more empty talk.
The reported visit to China by a delegation of senior Japanese business leaders, led by Shindo Kosei, head of the Japan-China Economic Association, comes in time to strengthen communication and coordination in order to stabilize bilateral economic relations. According to Japanese media outlets, this is Japanese business leaders' first visit to China in approximately four years.
The latest advances in China-US agricultural cooperation are revitalizing and enhancing bilateral agricultural trade, bringing relief to the US agricultural sector. This development should be valued by both sides.
US lawmakers have reportedly banned the Defense Department from purchasing batteries produced by China's largest manufacturers. Although this restriction has not yet been applied to commercial purchases, an economic decoupling of the Pentagon's supply chain from China has become a matter of concern. There are worries that this anti-market suppression against Chinese battery manufacturers may escalate, resulting in negative consequences for both sides.
American pundits, driven by ideology, have been predicting an imminent collapse of Chinese economy since early this century, but so far, they haven't succeeded as they have underestimated Chinese system's resilience.
There are increasing indications that the US "chip dream" is proving to be a challenging and intricate task, even for the world's largest chipmaker. In light of Washington's predatory practices, it appears that there is limited flexibility. According to The Wall Street Journal on Friday, Taiwan Semiconductor Manufacturing Co (TSMC) said it expected another delay to its second semiconductor plant in the US state of Arizona.
South Korea has recently unveiled its plan to establish what it calls a "semiconductor mega cluster" in southern Seoul by 2047 by promoting a total investment of 622 trillion won ($472 billion) with Samsung Electronics and SK Hynix Inc, Yonhap News Agency reported.
It is hardly surprising that European politicians have again resorted to employing the "China threat" narrative to pressure Chinese infrastructure investments in Europe. Their motives appear to be purely political, disregarding the substantial economic benefits that stem from China-EU infrastructure collaboration.
Does China need “big stimulus” to support economic rebound? In China, many believe policy easing will continue but “big stimulus” unlikely in 2024.
Despite the uncertainties caused by climate change, geopolitical conflicts and supply chain restructuring that hit the world economy in 2023, the complex and volatile political and economic situation hasn't shaken the bullishness of Chinese companies, largely due to the growth potential of Chinese manufacturing.
A widely disseminated online chart comparing China's exports to the Global South and the Global North has offered a new perspective for people to see the ongoing realignment of global trade. For a long time to come, the realignment may continue.
While electricity trade between India and Nepal appears to give the former a commanding advantage against China in Nepal's hydropower sector, there is also growing concern as to whether India's geopolitical game of edging China out could jeopardize Nepal's power projects and energy supply ambitions.
There has been a lot of discussion about the rise or fall of China-US trade, but less attention has been paid to another important participant in global industry chains - Southeast Asia. A Bloomberg article said Monday that for the first time, China exported more to Southeast Asia in 2023 than to the US. If Bloomberg's report is true, the news can be seen as a new milestone for the realignment of global trade.
Although calls for a chip manufacturing technology upgrading at SK Hynix's China plant have been heard for years, the process is constantly being interrupted by US restrictions on tech exports to China. SK Hynix has delayed that upgrading for too long. Now, changes should be made.
China's National Bureau of Statistics is due to release the country's GDP data for 2023 on Wednesday. While there seems no doubt about whether China's GDP met the government's annual target in 2023, a new wave of Western speculation about China's "grim" economic prospects has unfolded.
With China's mediation and effort to drive progress, representatives of Myanmar's military and three armed ethnic groups in northern Myanmar held peace talks in Kunming, capital of Southwest China's Yunnan Province, and reached a formal cease-fire agreement, Chinese Foreign Ministry spokesperson Mao Ning said on Friday.
China has announced a fresh target for its fast-growing new-energy vehicle (NEV) industry, with a document from the State Council, China's cabinet, stating that yearly NEV sales will account for 45 percent of the total by 2027. Older internal combustion engine (ICE) buses, cars and trucks will be largely phased out.
The Central Economic Work Conference at the end of 2023 proposed "accelerating the cultivation of new momentum in foreign trade." Notably, this is the first time the meeting has referenced the expansion of intermediate goods trade, emphasizing it as a priority item.
The GDP growth target set by China at the beginning of 2023 was around 5 percent. With the GDP growth standing at 3 percent in 2022, the 5 percent target is a goal that allows for sufficient flexibility. Based on the currently available economic data, it is already certain that China's GDP growth rate will exceed 5 percent in 2023.
As more and more evidence suggests that the Western politicians' push for “de-risking” toward China is creating risks to their own economy and the global economy, there are rising voices in the West that call the sugar-coated and vague term as deceptive and misleading, and Western policymakers need to face up to the harm they are causing.
Even as geopolitical tension remains a risk factor that global industry chains can hardly ignore, Chinese tech companies are making a comeback at this week's 2024 Consumer Electronics Show (CES) in Las Vegas, the US, a reminder that Chinese manufacturing's technological innovation will continue to march toward global markets.
China's foreign trade in 2023, especially the imports of some key tradable commodities such as integrated circuits (IC), has drawn increasing attention. From January to November last year, China's IC imports fell 12.1 percent in terms of quantity, and that may show that China's dependence on IC imports has declined.
Maldivian President Mohamed Muizzu's ongoing state visit to China this week has become the focus of international attention, particularly among the Indian public.
China has reportedly overtaken Japan as the world's largest auto exporter, but there are still thorny challenges ahead. A key question is how to hedge against increasing import barriers, tangible or intangible, from the West. Amid fierce competition, can China maintain its position as the world's leading auto exporter for a long time?
As China leads in the electric vehicle (EV) field, it has made major steps toward forming its own technological development system, an example of the manufacturing sector's evolution and upgrading. It's also the key to how Chinese manufacturing will manage to break US containment.
In the first week of 2024, Apple got off to a rocky start in China, one of the company's largest markets. Analysts see a rough year ahead for the iPhone maker in the Chinese market, but that doesn't mean China's attractiveness as a place to do business and or invest in is declining.
Despite the US-led "decoupling" efforts to weaken Chinese manufacturing capability, China's prominence in global supply chain and its endowed position as a leading global manufacturing hub in the world has not receded, if not substantially shored up thanks to the government's strenuous bid to shore up technology self-reliance.
JPMorgan reportedly raised the alarm over the soaring US national debt, likening it to a "boiling frog" phenomenon for the economy. The warning deserves the serious attention of top US officials, but, unfortunately, they will likely remain as indifferent as ever.
While some forces may want to play up the decreased investment from the island of Taiwan into the Chinese mainland in order to undermine the mainland's economic appeal to the island, it does not change the fact that the mainland's economy continues to be an important support for Taiwan.
As the US aerospace giant Boeing comes back into the spotlight, so does the US manufacturing sector. However, there are many man-made obstacles that stand in the way of a US manufacturing revival.
For a prolonged period of time, #US politicians have been attributing a range of the country's social problems, such as deindustrialization, job loss, class inequality and even obesity and drug addiction, to free trade and globalization, which is absurd.
The legal battle between Chinese laser printer manufacturer Ninestar and the US government has further revealed how brazen Washington is in implementing trade bullying by pinning the label of so-called forced labor on China.
China's BYD made the headlines in recent days as it outsold electric vehicle (EV) maker Tesla in the fourth quarter of 2023. Holding a sour-grapes mentality, some Western media outlets again hyped zero-sum competition, which is based on the bizarre logic of anti-economics claims. Such misleading hype could make businesses in the West miss the dividends of a restructuring of the global industry chain, or, more precisely, a Chinese investment boom.
As natural gas plays an increasingly important role in the global energy transition and global energy trade, the strengthened position the US has taken in the global liquefied natural gas (LNG) market has become an urgent reminder that vigilance is needed as to the impact of Washington's growing energy hegemony and potential measures it may take to strengthen or maintain that hegemony.
The processing trade is one of the sectors most affected by rising labor costs in China. In the eyes of some Westerners, China's labor-intensive processing trade has lost its competitiveness, but the real story of the labor-intensive industry chain is much more complex than the industrial transfer trend as depicted by these pessimists.
As the US further tightens the requirements for obtaining tax credits for buying electric vehicles (EVs) in 2024, the policy aimed at protecting the US auto industry is creating a new dilemma for local carmakers: If they have to increase their costs significantly so buyers can qualify for the tax credit, then how can their competitiveness be guaranteed?
South Korea's rare trade deficit with China reminds Seoul of necessity, urgency to tap potential for economic complementarity, especially in the field of high-tech intermediate goods.
A shift in the types of goods transported in recent years, with a greater emphasis on high-value goods such as phones, computers and semiconductors, has led to an increase in demand for faster modes of transport compared to ocean freight, as it does not freeze significant capital and reduces insurance premiums.
As we enter 2024, what lies ahead for the Chinese economy and its global trade have become hot topics in the arena of public opinion. In the new year, quick adjustments may provide people with new perspectives on China's foreign trade - the imports and exports of intermediate products.
As the new year of 2024 has begun, Chinese people are hopeful of a more substantive rise in family incomes than in 2023. But uncertainties will continue to engulf the world, including hot conflicts, cold economic wars, blockades of important waterways like the Red Sea, and possibly, another comical or farcical presidential election in the US.
A further US extension of China "Section 301" tariff exclusions till May 31, 2024 has been praised by the business community, but there are some disappointments, as the US' moves toward improving bilateral trade are limited.
It's almost 2024, and speculating how China's economy will fare next year has become one of the hottest topics among economists and media outlets, which are especially interested in predicting China's GDP growth.
With expanding financial activities between China and its neighboring countries, challenges in the area of financial security are giving rise to the growing need for regional cooperation in combating financial crimes, which is conducive to maintaining regional stability and creating a better environment for regional cooperation.
The C919, China's first domestically produced passenger aircraft, which made its first commercial flight in May, is again drawing attention as the year comes to a close. Air China has reportedly become the second customer for the C919, after China Eastern Airlines, and the new order was made at a higher price.
Editor's Note: In recent years, the US has displayed an increasing willingness to implement tariffs and chip restrictions. These moves have raised concerns about the potential impact on the global economy and cooperation between China and the US. In an interview with Global Times reporter Wang Yi (GT), US Nobel Prize-winning economist Thomas Sargent (Sargent) expressed his optimism regarding China's economic and technological advancements over the medium and long term, despite the imposition of US tariffs and chip restrictions.
Given China's important role in global shipping industry and trade chains, the country's advantage in promoting Chinese logistics data platform is unshakeable despite US political pressure.
While some Indians have been focusing on nationalism, protectionism and using border disputes as an excuse to suppress Chinese enterprises, less attention has been paid to the stories of Indian businesspeople who have been dragged into the vortex of geopolitics.
China's restriction on the export of some rare-earth technologies has stirred a new wave of conspiracy theories and geopolitical speculation about the global supply chain among Western media outlets. Yet, there is no indication that the rare-earth supply chain is at risk. Does the market really need to over-interpret the situation, just because the West may find it isn't easy to build a supply chain outside China?
China has been paring its holdings of US government bonds for months, as the country's total stockpile of US Treasury debt narrowed to less than $770 billion in October.
Brazil takes growing share of global agricultural trade away from US, thanks to the South American country's closer ties with China and China's efforts to diversify import sources for food security.
More economists have stressed the urgency of diversified Eurasian trade routes, which should be noted by European policymakers, some of whom still view the BRI through geopolitical lens, although the initiative has improved trade connectivity.
Foreign investors in November unexpectedly buy a large amount of domestic bonds in #China, debunking the hype of "foreign capital flight," serving as a strong testament for China's economic resilience in the face of global economic challenges.
While Western media outlets claim China has been hit by sanctions from the US-led West over so-called "forced labor," the country is actually working in the opposite direction to break the blockade. China is promoting the development of Xinjiang's cotton industry, and further opening up to consolidate and enhance its position in global supply chains. A new national-level cotton and yarn trading center in Northwest China's Xinjiang Uygur Autonomous Region is expected to be a crucial step in this effort.
With Christmas around the corner, cities in the US and Europe are in festive mode, and shoppers are busy buying last-minute Christmas decorations and gifts. Many of the dazzling Christmas goods on offer have a common origin - Yiwu in East China's Zhejiang Province, the world's largest wholesale market for small commodities.
China's tourism sector has largely bounced back as major benchmarks have returned to their pre-pandemic levels in 2023. The China Tourism Academy, a research institute under the Ministry of Culture and Tourism, has forecasted the overall tourism revenues will reach 5.2 trillion yuan ($735 billion) this year, or hitting 91 percent of the figure for 2019.
Thailand's Land Bridge project could bring new issues into the complex and delicate economic and political situation in the region. This is something that Thai and global investors must take into account.
East Buy, a subsidiary of Chinese private tutoring giant New Oriental, has been a focus of public opinion in recent days. Internal conflicts within a company have rarely attracted such strong social attention, but this time it is an exception, reflecting the rapid evolution of China's consumer ecology and the complex impacts it has had on the economy and society.
Britain's National Grid has started removing components supplied by a unit of China-based Nari Technology from its electricity transmission network over "cybersecurity fears," the Financial Times said on Sunday. If the report is true, it is likely that Britain's energy transition will face significant obstacles due to the prevailing inertia of geopolitical thinking.
As Mexico is emerging as a popular destination for Chinese electric vehicle (EV) manufacturers to invest in, the question of whether the US will hinder this trend is gaining attention from industry insiders.
China's annual Central Economic Work Conference, held in Beijing last week, has garnered extensive attention from the world for its importance in setting the roadmap and targets for the country's economic development next year. At the meeting, Chinese policymakers are seen setting their eyes squarely on revolutionary new technologies that will lead China's next-phase efforts toward realizing Chinese-style modernization.
China and Russia have signed many agreements for agricultural and gas projects that could be extended for more than a decade, providing an important guarantee of the potential for bilateral cooperation.
The annual Central Economic Work Conference was held in Beijing from December 11 to 12, as Chinese leaders decided priorities for the economic work in 2024. It was noted at the meeting that China's economy has achieved recovery, with solid progress made in high-quality development in 2023.