Even the most optimistic observers have to acknowledge that as the WTO's 13th Ministerial Conference (MC13) draws closer, there is still no sign of any concrete breakthrough for the WTO reforms. The MC13 is scheduled to take place next week in Abu Dhabi, United Arab Emirates.
By Global Times | 2024/2/22 22:58:54
  • Big Western firms, not consumers, are beneficiaries of trade protectionism

    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.

    By Hu Weijia | 2024/2/22 22:54:04
  • Discussions of WTO rules on subsidies should avoid double standards

    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.

    By Wang Yi | 2024/2/21 23:30:42
  • GT Voice: Fed uncertainty won't affect expectations for China's policy

    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.

    By Global Times | 2024/2/21 23:27:26
  • GT Voice: EU probe of TikTok needs to steer clear of ideological bias

    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.

    By Global Times | 2024/2/20 23:01:40
  • 'Matchmaking' for Chinese, Indian firms by New Delhi risks disrupting market

    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.

    By Yin Yeping | 2024/2/20 22:56:39
  • GT Voice: EV transition woes show US mistakes in obstructing China

    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.

    By Global Times | 2024/2/19 22:41:49
  • Reported fall in Apple sales signals tougher competition in high-end device segment

    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.

    By Hu Weijia | 2024/2/19 19:57:31
  • A dynamic stock market needs strict oversight as a launching pad

    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.

    By Wen Sheng | 2024/2/19 18:35:49
  • EU should pay more attention to German investors' enthusiasm for China

    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.

    By Hu Weijia | 2024/2/18 21:30:08
  • GT Voice: US promises to Pacific islands could be simply 'pie in the sky'

    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.

    By Global Times | 2024/2/18 21:27:11
  • GT Voice: Western pressure on VW won't obstruct Xinjiang manufacturing

    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.

    By Global Times | 2024/2/17 22:16:48
  • Fake 'China threat' narrative poses real threat to global shipbuilding industry

    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.

    By Hu Weijia | 2024/2/17 22:00:27
  • For the US, China is a partner rather than a foe in the new AI game

    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

    By Li Yangyang | 2024/2/11 11:48:10
  • US politicians' threat to exclude China from global financial system 'daydreaming'

    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.

    By Hu Weijia | 2024/2/7 23:31:32
  • GT Voice: EU can't let US protectionism pose barrier to green tech aims

    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.

    By Global Times | 2024/2/7 23:05:43
  • GT Voice: US 'dumping' mislabeling of China to harm US consumers

    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.

    By Global Times | 2024/2/7 21:06:09
  • China's price level offers room for counter-cyclical adjustments; Western slandering untenable

    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.

    By Wang Yi | 2024/2/7 19:50:09
  • GT Voice: Measures to stabilize market also serve financial openness

    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.

    By Global Times | 2024/2/6 23:48:14
  • Will staff exodus in Washington further disrupt global supply chain?

    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.

    By Hu Weijia | 2024/2/6 23:41:06
  • GT Voice: US-led IPEF all talk, no real action, doomed to fail

    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.

    By Global Times | 2024/2/5 22:45:10
  • Looking east will help revitalize Sri Lanka's economy in new environment

    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.

    By Hu Weijia | 2024/2/5 22:41:16
  • Efforts to ease purchase curbs offer opportunities for housing sector

    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.

    By Wen Sheng | 2024/2/5 0:22:28
  • GT Voice: Western plan to seize Russian assets a dangerous precedent

    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.

    By Global Times | 2024/2/5 0:16:53
  • GT Voice: Warning about Chinese EVs underscores anxiety of US

    The US appears to be increasingly inclined to use non-market means to dodge market competition. An addiction to this approach may backfire.

    By Global Times | 2024/2/1 23:20:52
  • Import tariff cuts good news for India's factory sector, but not enough

    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.

    By Hu Weijia | 2024/2/1 22:35:39
  • China has capacity to achieve annual growth of 5% or higher in 2024: Yao Yang

    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.

    By Yao Yang | 2024/2/1 19:41:55
  • GT Voice: New bright spots in economy generate renewed confidence

    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.

    By Global Times | 2024/1/31 22:41:58
  • Xinjiang to become export vanguard, manufacturing hub in China

    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.

    By Hu Weijia | 2024/1/31 21:31:35
  • GT Voice: Vietnam's chip goals call for more cooperation, not geopolitical struggle

    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.

    By Global Times | 2024/1/30 22:05:55
  • China-Australia efforts needed to stabilize lithium sector amid US 'decoupling'

    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.

    By Hu Weijia | 2024/1/30 21:39:27
  • GT Voice: China-Germany trade ties need cooperation, not pessimism

    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.

    By Global Times | 2024/1/29 22:21:00
  • Japan's economy faces big losses from reported export controls on China

    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.

    By Hu Weijia | 2024/1/29 22:11:18
  • GT Voice: Reviving US manufacturing requires more than subsidies

    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.

    By Global Times | 2024/1/28 22:04:01
  • A modern financial system set to fortify China's global competitiveness

    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.

    By Wen Sheng | 2024/1/28 19:51:36
  • GT Voice: Xinjiang opening-up vital for cooperation with Central Asia

    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.

    By Global Times | 2024/1/25 22:41:35
  • China irreplaceable in production of Apple's long-awaited Vision Pro

    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.

    By Hu Weijia | 2024/1/25 22:37:10
  • More industrial investment doesn't mean China exports 'excess capacity'

    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.

    By Hu Weijia | 2024/1/24 23:38:01
  • GT Voice: Boeing crisis shows danger of US protectionism bubble

    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.

    By Global Times | 2024/1/24 23:34:47
  • GT Voice: Despite Blinken's arduous efforts, Africa needs China more

    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.

    By Global Times | 2024/1/23 21:40:29
  • Japan should take more responsibility to stabilize economic ties with China

    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.

    By Hu Weijia | 2024/1/23 21:31:36
  • GT Voice: Restart of cooperation process positive for China-US farm trade

    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.

    By Global Times | 2024/1/22 21:42:05
  • Decoupling from China's battery sector poses risk for US economy

    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.

    By Hu Weijia | 2024/1/22 20:56:37
  • American pundits predicting China's economic collapse doomed to fail

    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.

    By Wen Sheng | 2024/1/21 23:02:52
  • GT Voice: Chip 'dream' in US proves elusive for Taiwan's TSMC

    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.

    By Global Times | 2024/1/21 22:54:16
  • Eliminating US coercion is crucial for South Korean semiconductor expansion

    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.

    By Wang Yi | 2024/1/20 11:30:08
  • GT Voice: Infrastructure 'risks' just new version of 'China threat' hype

    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.

    By Global Times | 2024/1/18 22:36:13
  • Will China's 2024 macroeconomic policies be effective, strong enough?

    Does China need “big stimulus” to support economic rebound? In China, many believe policy easing will continue but “big stimulus” unlikely in 2024.

    By Hu Weijia | 2024/1/18 22:23:06
  • GT Voice: China's manufacturing strength supports optimism of its firms

    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.

    By Global Times | 2024/1/17 23:14:22
  • Unlimited potential remains to be tapped for trade with Global South

    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.

    By Hu Weijia | 2024/1/17 23:09:35
  • GT Voice: India's geopolitical game hurts outlook for Nepal's hydropower

    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.

    By Global Times | 2024/1/16 23:47:39
  • Global trade realignment an opportunity for closer China-ASEAN cooperation

    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.

    By Hu Weijia | 2024/1/16 23:30:06
  • Foreign chip firms need to make tech upgrades in China plants to win market

    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.

    By Hu Weijia | 2024/1/15 23:43:53
  • GT Voice: Western smears can't undermine confidence in China's economy

    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.

    By Global Times | 2024/1/15 23:40:09
  • GT Voice: Myanmar cease-fire conducive to its economic development

    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.

    By Global Times | 2024/1/15 1:02:43
  • China's 45% NEV penetration by 2027 doesn't sound difficult to realize

    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.

    By Wen Sheng | 2024/1/15 0:46:26
  • Expanding intermediate goods trade key for China to enhance trade

    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.

    By Wei Jianguo | 2024/1/13 19:14:56
  • China could aim for 5% GDP growth in 2024: Yu Yongding

    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.

    By Yu Yongding | 2024/1/13 13:37:49
  • Western politicians' 'de-risking' approach toward China is increasingly being proven detrimental

    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.

    By Wang Yi | 2024/1/12 17:57:17
  • GT Voice: CES offers glimpse of how Chinese tech goes global

    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.

    By Global Times | 2024/1/11 23:54:06
  • Does IC import fall signal increase in China's chip self-sufficiency?

    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.

    By Hu Weijia | 2024/1/11 23:47:12
  • GT Voice: China-Maldives ties benefit region, no impact on India

    Maldivian President Mohamed Muizzu's ongoing state visit to China this week has become the focus of international attention, particularly among the Indian public.

    By Global Times | 2024/1/10 22:03:08
  • Synergy in EV sector has potential among China, other developing countries

    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?

    By Hu Weijia | 2024/1/10 21:59:19
  • GT Voice: Pursuit of Chinese standards key to foreign firms' upgrading

    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.

    By Global Times | 2024/1/9 22:57:33
  • China's expanding market key for Apple, foreign brands despite Western narratives

    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.

    By Hu Weijia | 2024/1/9 22:39:30
  • China's manufacturing sector consistently climbs up global value chains

    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.

    By Wen Sheng | 2024/1/9 18:18:22
  • 'Boiling frog' phenomenon of surging US debt calls for serious attention

    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.

    By Hu Weijia | 2024/1/8 21:42:16
  • GT Voice: Cross-Straits economic links indispensable to Taiwan island

    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.

    By Global Times | 2024/1/8 21:37:33
  • GT Voice: Boeing's latest crisis mirrors woes of US manufacturing

    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.

    By Global Times | 2024/1/7 21:37:14
  • US politicians blaming social ills on globalization shows flawed logic

    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.

    By Wen Sheng | 2024/1/7 21:27:39
  • GT Voice: Firms' legal battle against US 'forced labor' slur necessary

    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.

    By Global Times | 2024/1/4 22:42:49
  • Geopolitical thinking will cause West to miss out on opportunities amid EV boom

    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.

    By Hu Weijia | 2024/1/4 22:12:41
  • GT Voice: US hegemony in LNG calls for higher Chinese vigilance

    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.

    By Global Times | 2024/1/3 23:01:18
  • Measures to boost China's processing trade help create new advantages

    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.

    By Hu Weijia | 2024/1/3 22:14:33
  • GT Voice: US tax credits alone won't help local carmakers survive

    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?

    By Global Times | 2024/1/2 23:06:03
  • What lies behind S.Korea's rare trade deficit with China deserves attention

    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.

    By Hu Weijia | 2024/1/2 22:48:26
  • Red Sea shipping crisis to accelerate shift to rail freight in Eurasia

    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.

    By Djoomart Otorbaev | 2024/1/2 22:35:26
  • GT Voice: Intermediate goods trade to unlock economic potential in 2024

    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.

    By Global Times | 2024/1/1 22:32:31
  • Infrastructure, tech innovation to help boost consumption in new year

    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.

    By Wen Sheng | 2024/1/1 22:24:48
  • GT Voice: Washington's tariff exclusions can't resolve fundamental trade problems

    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.

    By Global Times | 2023/12/28 0:08:11
  • GT Voice: China's economy will rest on quality push, not Western forecasts

    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.

    By Global Times | 2023/12/27 23:23:04
  • GT Voice: LMC security cooperation key to combating financial crimes

    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.

    By Global Times | 2023/12/26 23:58:24
  • 'Competition' hype over C919 won't affect China's manufacturing upgrade

    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.

    By Wang Yi | 2023/12/26 23:54:30
  • US tariffs, chip restrictions stir concerns; China's abundance of talent sparks optimism for technology progress: Nobel Laureate Thomas Sargent

    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.

    By Wang Yi | 2023/12/26 20:18:45
  • GT Voice: US alarm about LOGINK shows China's transformational edge

    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.

    By Global Times | 2023/12/25 22:43:59
  • Businesses' anxiety over China-India ties merits more attention

    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.

    By Hu Weijia | 2023/12/25 22:25:19
  • GT Voice: No need to overreact to China's ban on rare-earth technology exports

    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?

    By Global Times | 2023/12/24 22:43:37
  • US Treasury bonds have increasingly become a perilous, risky investment

    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.

    By Wen Sheng | 2023/12/24 21:28:25
  • GT Voice: China's need for food security makes Brazil more competitive

    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.

    By Global Times | 2023/12/21 23:40:55
  • Importance of diversified Eurasian trade routes puts spotlight on BRI

    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.

    By Hu Weijia | 2023/12/21 22:32:04
  • Significant purchase of Chinese bonds in November debunks 'foreign capital flight' hype

    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.

    By Wang Yi | 2023/12/21 16:44:21
  • Cotton trading center key step to establish textile clusters in Xinjiang

    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.

    By Hu Weijia | 2023/12/20 21:35:31
  • GT Voice: Yiwu Pay underlines China's push for cross-border payment

    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.

    By Global Times | 2023/12/20 21:29:40
  • Tourism bounces back rapidly, contributing to 11% of China's GDP

    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.

    By Wen Sheng | 2023/12/20 20:12:51
  • GT Voice: Complex geopolitics real test for Thai Land Bridge project

    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.

    By Global Times | 2023/12/19 23:35:13
  • East Buy controversy reflects rapid evolution of China's consumer ecology

    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.

    By Hu Weijia | 2023/12/19 22:54:42
  • 'China security threat' rabble-rousing will slow Britain's energy transition

    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.

    By Hu Weijia | 2023/12/18 22:04:25
  • GT Voice: Will US intervention obstruct China's investment in Mexico?

    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.

    By Global Times | 2023/12/18 21:56:00
  • Devoting itself to tech innovation to help China prevail in economic competition

    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.

    By Wen Sheng | 2023/12/17 20:57:56
  • GT Voice: China-Russia trade ties will never submit to US influence

    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.

    By Global Times | 2023/12/17 20:53:12
  • Exclusive: With concerted reforms, higher and more resilient economic growth is within reach for China: IMF official

    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.

    By Global Times | 2023/12/16 0:55:25