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China and South Korea are increasingly recognizing the importance of enhancing cooperation to tackle external challenges together amid complex geopolitical pressures, particularly in light of the US attempts to "decouple" from China.
By Global Times | 2024/5/27 23:44:19
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  • EV cooperation, not protectionism against China, to maximize EU's interests

    Amid escalating tensions in which US officials view Chinese electric vehicles (EVs) as a threat to the local auto industry, a political virus that loses no chance to intensify zero-sum confrontation is spreading in some European countries, even though such a narrow-minded mentality will hinder the development of renewables.

    By Hu Weijia | 2024/5/27 23:34:33
  • GT Voice: Blue economy calls for active participation by Philippines

    Faced with the uncertainties and tensions brought about by maritime disputes and geopolitical rivalry, it is more important than ever for China and ASEAN to jointly promote cooperation in the area of the blue economy, especially in the South China Sea. This will not only help de-escalate tensions in the region but also create better conditions for pursuing sustainable economic development.

    By Global Times | 2024/5/26 23:36:59
  • US needs to rethink its tariff policy against China if it wants a cooler Earth

    An opinion essay in the New York Times last week claimed the US is losing the green tech race to China. The article says that today "China controls more than 80 percent of many essential aspects of the global clean-energy supply chain," while the US controls "almost none of it."

    By Wen Sheng | 2024/5/26 22:45:31
  • EV 'decoupling' unrealistic for China, West despite US trade protectionism

    Amid escalating tensions caused by new US tariffs on electric vehicles (EVs) from China, as well as the increasingly fierce competition faced by Western automakers, it is not surprising that some foreign media outlets have been cherry-picking information or even manufacturing stories to claim some US and EU auto manufacturers may accelerate the diversification of their supply chains by producing components and parts outside of China. However, "decoupling" and supply chain cutoffs are neither possible nor feasible.

    By Hu Weijia | 2024/5/23 23:33:25
  • GT Voice: Manila faces choice: regional cooperation or US-led rivalry

    The Philippines appears to be standing at a critical crossroads in its economic development, facing significant and intricate choices that will not only shape the country's economic future but also have implications for the regional economic landscape.

    By Global Times | 2024/5/23 23:12:42
  • GT Voice: EU shouldn't fall for US claims on China's clean-energy industry

    The US aims to portray China's clean-energy industry as a shared threat to its European partners. However, attempting to convince Europe to back US economic pressure on China could jeopardize Europe's strategic independence.

    By Global Times | 2024/5/22 21:27:42
  • Global AI governance rules should be written by all rather than 'small circles'

    AI has the potential to improve productivity, boost creativity and enhance the human experience, but there is a lingering question: How can we enable a wider range of people in the world to share the dividends of AI development and promote more balanced development of the world?

    By Hu Weijia | 2024/5/22 20:11:04
  • 'Overcapacity' narrative won't affect rise of China's new-energy sector

    The US-concocted "overcapacity" offensive against China's new-energy industry is simply politicizing economic and trade matters. The baseless "overcapacity" accusation is nothing but a fallacy fabricated by the US. In reality, there is no overcapacity problem in emerging industries like new energy, as the market demand is on the rise.

    By Huo Jianguo | 2024/5/22 16:08:06
  • GT Voice: Global cooperation key as China's EV producers face protectionism

    Despite the challenges posed by anti-globalization sentiment, Chinese electric vehicle makers are persevering in their efforts to navigate toward the greatest common divisor on cooperation.

    By Global Times | 2024/5/21 23:08:22
  • WCIFIT a window on development, greater openness of China's western region

    As China shifts up a gear in the development of the western region, the upcoming WCIFIT, an important platform for global companies looking to gain a foothold in the country, may be a window through which foreign firms can observe what opportunities China's accelerated development can bring to the world.

    By Hu Weijia | 2024/5/21 21:15:56
  • China's economy has entered a new era of economic growth

    China has rapidly caught up with or surpassed leading countries in various fields, including computer chip production, artificial intelligence, autonomous vehicles, nuclear fusion, quantum computing, hydrogen production, spacecraft, and biomanufacturing. All of this provides the world with reasons to be optimistic about the country's future development.

    By Djoomart Otorbaev | 2024/5/20 22:36:20
  • GT Voice: Unwise for Taiwan to base economic stability on US

    It is not uncommon to see Western media outlets playing up the Taiwan island's economic ties with the US. Nevertheless, the recent increase in US-Taiwan investment and trade could pose significant challenges for Taiwan's economy in the future.

    By Global Times | 2024/5/20 22:14:32
  • China has policy flexibility to bolster property with innovative approaches

    China's recent policy measures will help hedge risks and ease fluctuations in the property market. More importantly, they may serve as a proactive approach to push forward reform in the real estate sector to support long-term high-quality development and further enhance social equity.

    By Hu Weijia | 2024/5/20 21:45:42
  • GT Voice: India needs a balance between protectionism and economy

    While the “national security filter” rhetoric may be framed as a way to support Indian products and the “Make in India” initiative, it is ultimately a protectionist call driven by nationalist sentiments.

    By Global Times | 2024/5/19 20:24:28
  • Long-term vision, national old-for-new initiative, will further boost China's low-carbon technology success

    China's ongoing campaign to encourage enterprises and households to increase trade-ins of old manufacturing equipment and rundown consumer goods with new, modern and tech-studded ones is gaining pace. This is an effective step to boost domestic consumption and reduce the country's carbon footprint, which is good for China's all-around sustainable development in the long run.

    By Wen Sheng | 2024/5/19 18:25:16
  • US suppression of China's green growth based on false proposition

    This so-called "overcapacity" rhetoric reflects the increasing anxiety of the US, seeing the rapid development of China's new-energy sector. The narrative is a way to shift blame for their own backwardness in related industries, and also a tactic to curb China's technological progress and industrial development.

    By Wei Jianguo | 2024/5/19 16:45:57
  • GT Voice: Russia's energy pivot toward East injects new vitality to regional economy

    Through the expansion of infrastructure construction, the focus of Russia's external economic partnerships and regional growth is gradually shifting toward the East, with the goal of tapping into diverse export markets in the Asia-Pacific region.

    By Global Times | 2024/5/16 21:57:07
  • China-Australia trade recovery should not fall into narrative trap of naysayers

    Economic and trade cooperation between China and Australia is steadily recovering. Yet, external naysayers continue to try to undermine this progress by spreading negative narratives. Despite their ill-intentioned efforts, the recovery of trade cooperation between China and Australia will not be undermined by their slander.

    By Wang Yi | 2024/5/16 18:31:35
  • GT Voice: Russian Far East holds potential to cooperate with Heilongjiang

    The eighth China-Russia Expo serves as a significant platform for fostering economic exchanges. In particular, leveraging the expo cooperation mechanism has the potential to breathe new life into Heilongjiang's collaboration with Russia's Far East.

    By Global Times | 2024/5/15 23:26:29
  • New tariffs on Chinese imports show US lacks confidence in factory revival

    While US political elites blindly boast that financial and tax incentives have revived US manufacturing, they are so timid that they do not dare to allow fair competition between made-in-China products and US manufactured goods, which is a great irony.

    By Hu Weijia | 2024/5/15 23:07:27
  • US efforts to hold back China's new-energy industries futile

    The US accuses China of "overcapacity" while putting in place $370 billion in subsidies to the clean energy industry through its Inflation Reduction Act, which is a typical double-standard approach. If the US goes further in the wrong direction of protectionism and politicizing economic issues, it will only create more disruptions to the development of its economy and industries.

    By Mei Xinyu | 2024/5/15 20:10:25
  • GT Voice: Innovative ways needed to move China-Japan-S.Korea trilateral cooperation forward

    While external forces have complicated relations among China, Japan and South Korea, the new challenges facing regional economic development have also spurred them to seek new avenues for cooperation.

    By Global Times | 2024/5/14 22:43:37
  • What makes China's treasury bonds 'special' as nation eyes quality growth?

    China's plan to issue the first batch of 1 trillion yuan ($140 billion) in ultra-long-term treasury bonds starting on Friday will help shore up investment and spur consumption, but this doesn't mean the Chinese economy is facing numerous difficulties and challenges that require serious measures to stimulate growth.

    By Hu Weijia | 2024/5/14 21:22:35
  • GT Voice: India's ambitions can foster complementarity with China

    There has been no shortage of pessimism regarding economic and trade relations between China and India, as Chinese companies are bearing the brunt of the most severe crackdown due to India's tendency to generalize security issues in its China trade policy. However, the latest data may indicate a different trend, serving as a reminder not to overlook the complementary strengths of both economies.

    By Global Times | 2024/5/13 22:35:37
  • HK stock market's momentum offers new perspective on integration with mainland

    Stocks in Hong Kong have regained momentum despite concerns over whether the market is somewhat overbought. The benchmark stock index has become a topic of heated discussion, giving people a new perspective on the city's integration into the motherland's overall development.

    By Hu Weijia | 2024/5/13 22:21:32
  • GT Voice: China-Russia trade has strong resilience, offers huge potential

    With long-arm jurisdiction, Washington may try to drive a wedge to disrupt economic cooperation not only between China and Russia, but also between China and other countries and regions. This hegemonic approach has seriously disrupted the global trade order.

    By Global Times | 2024/5/12 22:30:36
  • Reforms implemented by Chinese cities set to revive real estate sector

    The Chinese government is now encouraging local cities to take appropriately tailored measures to rejuvenate the real estate sector. It is widely believed that a shorter and smoother transition for the property industry is highly achievable.

    By Wen Sheng | 2024/5/12 19:48:53
  • GT Voice: US dilemma on Vietnam shows obstacles to China 'decoupling'

    A public hearing hosted on Wednesday by the US Commerce Department on whether to designate Vietnam as a "market economy" laid bare the dilemma facing the US in its efforts to contain Chinese manufacturing and seek "decoupling" from China.

    By Global Times | 2024/5/9 22:10:02
  • More efforts needed for SK semiconductor sector to resist US coercion

    Although South Korea's semiconductor exports have surged in recent months, the industry, an engine of economic growth in South Korea, is facing stiff headwinds, which suggests that Seoul should do more to prevent US chip restrictions from further squeezing the development space of South Korea's semiconductor industry.

    By Hu Weijia | 2024/5/9 20:48:51
  • GT Voice: Cambodia canal part of larger regional connectivity progress

    The real significance of the Techo Funan Canal project lies not only in its demonstration of the strong collaboration between China and Cambodia, but also in its reflection of the broader trend of regional economic integration.

    By Global Times | 2024/5/8 22:31:51
  • Surge in China's outward processing brings new opportunities to Asia

    While many have been focusing on China's April foreign trade performance, less attention has been paid to the details of the improvement of the nation's foreign trade structure, letting some people overlook a trend: the country has been quietly emerging in terms of outward processing trade, which will bring more opportunity for mutually beneficial cooperation with the rest of the world, especially economies in Asia.

    By Hu Weijia | 2024/5/8 21:57:58
  • GT Voice: Success of China-France farm trade may offer lessons for US

    The successful experience of China and France in tapping the potential of their complementarities in agricultural trade may offer valuable lessons for China-US agricultural trade amid the complex environment.

    By Global Times | 2024/5/7 22:22:06
  • Hungary-Serbia railway could inspire divided world as protectionism rises

    The construction of the Hungary-Serbia railway, a flagship project of the China-proposed Belt and Road initiative (BRI), will help inject new impetus into the economies of the two countries. The railway, plus the China-Serbia Free Trade Agreement (FTA) signed in 2023, may provide people with a new perspective on the increasingly fragmented global trade situation.

    By Hu Weijia | 2024/5/7 22:10:41
  • Collective actions in Africa driving development, overcoming challenges

    The rise of the Global South is being boosted as developing countries, African countries in particular, awaken to a sense of autonomy. They are actively putting forward their own proposals and solutions for global governance.

    By Song Wei | 2024/5/7 0:32:05
  • 'Overcapacity' and 'weak currency' are latest US excuses to suppress Chinese exports

    In addition to the groundless hype about "overcapacity" regarding exports of China's new-energy products, some Westerners are turning their attention back to China's currency and its depreciation pressure, trying to combine these two things as an excuse for US protectionism to suppress China's exports.

    By Hu Weijia | 2024/5/6 23:33:49
  • GT Voice: Probe of China's shipyards sign of American peers' bleak future

    The Biden administration seems to see cracking down on the Chinese shipbuilding industry as a panacea for struggling US shipyards. However, isn't the idea of forcing China to take the medicine for what ails the US further evidence of the bleak future of the American shipbuilding sector?

    By Global Times | 2024/5/6 23:18:34
  • GT Voice: Complementarity key driver of China-France economic ties

    At a time when Western media outlets have focused on the potential trade dispute between China and the EU, the attention on how China-France economic and trade relations will gain new momentum for further development has increased significantly.

    By Global Times | 2024/5/5 23:07:26
  • China's green capacity brings opportunities for developing countries' industrialization

    China has emerged as a global leader in the production of green and new-energy products, marking a significant milestone in its economic transformation. With exports of new-energy vehicles (NEVs), solar cells and lithium-ion battery products surpassing the 1 trillion yuan (138 billion) mark in 2023, the country has positioned itself at the forefront of the green industry revolution. This growth in emerging industries not only reflects China's commitment to sustainability but also presents numerous opportunities for developing countries seeking to accelerate their industrialization and participate in the global energy transition.

    By Vaqar Ahmed | 2024/5/2 11:40:00
  • 'Overcapacity' claim violates economic principles, denies division of labor

    Recently, the West has been unreasonably hyping up the false narrative of "overcapacity" in China. Even the IMF warned on Tuesday that China's policies that boost supply would worsen overcapacity, reinforce deflationary pressures, and potentially provoke trade frictions.

    By Global Times | 2024/5/1 21:07:06
  • GT Voice: Collapse of US regional bank raises red flag for big shocks

    One year after the collapse of Silicon Valley Bank and several other US lenders, another regional bank has crumbled, reigniting concerns about the adverse impact of the US Federal Reserve's monetary tightening.

    By Global Times | 2024/4/29 0:00:08
  • Bizarre 'overcapacity' narrative cannot impede China's EV innovation

    In response to the recent "overcapacity" hype by some US government officials, Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, told Chinese media on Friday that the debate about manufacturing capacity to a large extent relates to globalization.

    By Hu Weijia | 2024/4/28 23:52:43
  • GT Voice: BRI offers bridge to prosperity in western region of China

    As China shifts up a gear in the development of its vast western region, which covers more than 70 percent of the country's landmass, China will further open its economy and share its quality resources, such as the market, with the world, so as to build mutually beneficial cooperation. In this process, the Belt and Road Initiative (BRI) will establish an effective platform to meet the development needs of the world.

    By Global Times | 2024/4/28 23:45:37
  • US economy runs into uncharted territory, as growth slows and inflation lingers

    The US capital market seems to have run into uncharted territory as investors waiting for the Federal Reserve's first interest rate cut in nearly two years are getting news of "a double whammy" - the US economic growth is slowing significantly, while inflationary pressures are persisting. It once again proves that financial and economic variables rarely move in the same straight line.

    By Wen Sheng | 2024/4/28 23:39:06
  • GT Voice: Weakening yen sends signal of danger to central banks

    Many Asian currencies have been hit this year by the strength of the US dollar, and it seems especially so for the Japanese currency. The yen hit a fresh 34-year low against the dollar on Thursday. This added to market pessimism, which had already been exacerbated by the recent depreciation of the currency.

    By Global Times | 2024/4/25 23:47:18
  • Washington's trade policy isn't in line with interests of US economy, workers

    While many have been focusing on Washington's suppression of the Chinese technology sector, that's just the tip of the iceberg, and less attention has been paid to the spillover effect on US exports and jobs. A report released by the US-China Business Council (USCBC) on Tuesday exposed the submerged and hidden part of the iceberg.

    By Hu Weijia | 2024/4/25 22:22:08
  • Sustained economic recovery underpins stable employment in China

    Economic growth drives job creation, so stable employment is inherently reliant on sustained economic growth. Over the past few decades, China's economy has grown rapidly, particularly the labor-intensive manufacturing sector, which has boosted non-agricultural jobs for tens of millions of rural laborers, leading to an unprecedented expansion in employment.

    By Qu Yue | 2024/4/25 19:49:27
  • Real estate sector could face a bright future as new development model emerges

    Real estate is a pillar industry of the Chinese economy. It directly drives the development of adjacent industries such as construction, building materials and furniture, and indirectly stimulates the growth of industries like finance, manufacturing, logistics, and other services. The stable and balanced development of the real estate industry is of great significance for the steady development of the Chinese economy.

    By Li Chao | 2024/4/25 19:42:38
  • GT Voice: Xinjiang's green devt experience valuable to Western economies

    Xinjiang's leading position in the new-energy field can be concrete evidence showcasing China's efforts to maintain stability, promote economic development and enhance livelihoods in the region.

    By Global Times | 2024/4/24 23:33:15
  • Mainland's technological advances give positive impetus to HK stocks

    Hong Kong stock market rebounds as sentiment improves, with benchmark Hang Seng Index closing at 17,201.27 points on Wednesday, up 2.2 percent. The revival of the Chinese mainland internet sector sends an encouraging signal to Hong Kong's stock market, where many of China's biggest internet companies are traded.

    By Hu Weijia | 2024/4/24 23:25:25
  • GT Voice: West should invest more in clean energy, discard paranoia

    While the West has become critical of China's efforts in promoting the green energy sector, there is also a growing awareness that it needs to take action and invest more money and resources in clean energy.

    By Global Times | 2024/4/23 22:29:10
  • Ample China-Saudi synergy shown as Aramco seeks Hengli Petrochemical stake

    Saudi oil giant Aramco said on Monday it is in talks with Hengli Group to acquire a 10 percent stake in a subsidiary of the Chinese firm that specializes in refining and petrochemicals. The negotiations mark the latest efforts by Aramco to bolster its downstream presence in China.

    By Hu Weijia | 2024/4/23 22:09:33
  • GT Voice: West's overcapacity narratives can't define China's cooperation with developing nations

    The West's growing tendency to label China as having overcapacity is based on groundless accusations and does not hold water. China's cooperation with developing nations cannot be defined by Western narratives.

    By Global Times | 2024/4/22 23:33:06
  • India can't replace China for US EV makers amid fierce competition

    Although Elon Musk's planned visit to India has been postponed, Tesla's entry into the Indian market is expected to continue. However, amid fierce international competition, a key question is whether India's manufacturing sector can help the EV giant achieve its goals of efficiency improvement and cost reductions.

    By Hu Weijia | 2024/4/22 23:20:05
  • GT Voice: US bill on seizure of Russian assets to undermine finance

    If the 21st Century Peace through Strength Act, which would empower the US executive branch to seize and transfer frozen Russian assets held in the country to Ukraine, ultimately becomes law and goes into effect, it will set a disastrous precedent against the existing international financial order.

    By Global Times | 2024/4/21 21:42:18
  • Protectionism not the solution to addressing erosion of US competitiveness

    The Office of the US Trade Representative recently initiated a probe into China's maritime, logistics and shipbuilding sectors, alleging China used "unfair, non-market policies and practices" to dominate those industries. This, coupled with the Biden administration's new threat to impose high tariffs on Chinese-made aluminum and steel, is again escalating trade tensions between the world's two largest economies.

    By Wen Sheng | 2024/4/21 19:30:24
  • GT Voice: US tariffs futile in attempt to contain China's steel industry

    US President Joe Biden on Wednesday called for steep hikes in tariffs on steel and aluminum products from China. US tariffs may weigh on Chinese steel imports, but are futile in containing China's steel industry.

    By Global Times | 2024/4/18 23:53:53
  • China-Germany cooperation on connected, autonomous cars sets good example

    Although some Westerners want to pin the label of “overcapacity” on China's EVs, cooperation on autonomous and connected driving between China and Germany, a major exporter of cars, has been advancing. The joint efforts are likely to have a far-reaching impact on the global EV market.

    By Hu Weijia | 2024/4/18 22:50:09
  • Solid GDP growth in Q1 shows China's economic recovery is gaining momentum

    China's GDP reached 29.63 trillion yuan ($4.09 trillion) in the first quarter, up 5.3 percent year-on-year. The national economy continued its good momentum, building on a strong start to the year.

    By Yuan Lei and Zhang Peng | 2024/4/18 0:41:06
  • GT Voice: Blaming China misses point of tackling US fentanyl crisis

    It appears easier for politicians in Washington to shift the blame onto China for the US fentanyl crisis. Perhaps because by misleading the public, they can avoid responsibility for failing to take really effective but difficult measures to combat the crisis.

    By Global Times | 2024/4/17 23:57:14
  • Europe faces economic challenges to revive its domestic mining sector

    The race for metals and minerals amid growing demand for green products and green technologies may erode European resistance to local production of critical minerals, but this is not going to be an easy way to revive Europe's domestic mining sector.

    By Hu Weijia | 2024/4/17 23:20:37
  • GT Voice: Protectionism can't solve EU's weak competitiveness in solar

    European governments appear to be ready to move to support their solar power manufacturers this week, but Europe's solar industry is in trouble - not just due to a lack of policy support but also because of flawed competitiveness.

    By Global Times | 2024/4/16 22:11:53
  • Debunking the fallacy of 'Chinese economic data less transparent'

    Some foreign media outlets and institutions have been criticizing the Chinese economy, accusing it of a "lack of transparency in economic data." This criticism is based on a fallacy with an ideological bias, as they deliberately exaggerate and sensationalize individual cases in an attempt to influence public perception: expert

    By Rui Chang'an | 2024/4/16 20:49:46
  • GT Voice: To reassure Chinese investors, Philippines needs to do more

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

    By Global Times | 2024/4/15 23:20:05
  • US Treasury securities' safe-haven role faces pressure from gold price rally

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

    By Hu Weijia | 2024/4/15 23:09:27
  • GT Voice: Economic impact of escalating Middle East conflict multiplies

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

    By Global Times | 2024/4/14 22:01:19
  • Despite disparaging outside claims, Chinese economy keeps sailing forward

    Last week, some international investment banks including Goldman Sachs and Morgan Stanley raised their forecasts for China's economic growth in 2024 to around 5 percent, as they believe the country's vibrant manufacturing sector led by high-tech innovation will offset the negative impact caused by a prolonged real estate market correction and other temporary difficulties.

    By Wen Sheng | 2024/4/14 21:57:34
  • GT Voice: Complementarity can support economic ties with Germany

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

    By Global Times | 2024/4/11 22:24:16
  • Pragmatic approach crucial for India to boost its EV industry amid competition

    If Tesla's long-awaited investment in an EV facility come to fruition, it will undoubtedly be good news for India and help boost EV production. The country has set ambitions targets, aiming to become a global leader in all sectors of the EV market by 2030.

    By Hu Weijia | 2024/4/11 21:59:36
  • GT Voice: China able to defend yuan amid 'financial storm' of strong dollar

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

    By Global Times | 2024/4/10 22:49:03
  • China can ensure financial stability, won't repeat Japan's 'lost decade' housing bubble

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

    By Hu Weijia | 2024/4/10 22:42:43
  • GT Voice: Potential US green trade war against China will harm its own economy, consumption

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

    By Global Times | 2024/4/9 21:58:00
  • TSMC's latest plant isn't a US chip milestone but a waste of tax funds

    Taiwan Semiconductor Manufacturing Co (TSMC) is set to receive up to $6.6 billion in direct funding under the CHIPS and Science Act to support TSMC's investment in three fabrication plants in Phoenix, Arizona. However, TSMC's renewed commitment to the US and its investment in Arizona will be a burden to the government's fiscal expenditure, resulting in a waste of taxpayer funds, unlike claims by US officials and media outlets that it will support US semiconductor production and new high-tech jobs.

    By Hu Weijia | 2024/4/9 21:22:57
  • GT Voice: China-Russia trade can withstand escalating pressure from the West

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

    By Global Times | 2024/4/8 22:05:43
  • Prosperity for South Korean chipmakers may be short-lived in current rebound

    The rebound of South Korea's semiconductor manufacturing industry is a hint that the global chip sector may enter a new cycle of prosperity, but the cycle may be shorter than expected. Moreover, the expansion of production capacity will result in fierce market competition.

    By Hu Weijia | 2024/4/8 21:10:41
  • GT Voice: China remains vital for German firms despite rising competition

    Some Western media outlets are keen to hype competition faced by Volkswagen in the China market, but this is not the whole story. The German carmaker remains by far a giant in China's car market. Despite fierce competition, China is still a key market for German enterprises.

    By Global Times | 2024/4/7 22:19:31
  • TSMC's Japan project should avoid wrong US direction of 'decoupling'

    TSMC's ambition of localizing procurement in Japan bears a strong imprint of the geopolitical drive by the US to divide the Asian and global semiconductor industry chains. If TSMC's Japanese factory keeps moving in this wrong direction of "decoupling," its sustainability will be in question.

    By Wang Yi | 2024/4/7 22:15:02
  • GT Voice: Western quake coverage points to hollowing-out of Taiwan economy

    The 7.3 magnitude earthquake that hit Taiwan has triggered Western media hype about the vulnerability of global chip supplies, a microcosm of the mounting pressure on the region's chipmaking industry to move out of the island.

    By Global Times | 2024/4/6 21:47:35
  • China's advantage in green manufacturing is blessing for climate action

    The world is facing drastic changes when it comes to climate patterns, and urgently needs Chinese green-energy products to control carbon dioxide and other greenhouse gas emissions. China's high-quality and inexpensive solar panels, wind turbines and electric cars are well acclaimed by the world.

    By Wen Sheng | 2024/4/6 21:34:33
  • GT Voice: China remains safe haven amid fears of US rate cut

    The world's gold market is experiencing an unprecedented surge as prices soar to record highs, propelled by increasing bets for US monetary easing and gold's appeal as a safe haven asset. The frenzy in safe haven assets reflects rising uncertainty in the global market and anxiety shared by investors. Such worries should by no means be underestimated.

    By Global Times | 2024/4/1 23:45:14
  • Hyping comparisons with US, 'China peak' theory leads to wrong conclusions

    According to International Monetary Fund (IMF) calculations based on PPP, China's economic aggregate has exceeded that of the US, and over the past two years, this lead has only continued to widen instead of narrowing.

    By Guan Tao | 2024/4/1 22:41:29
  • Western nations should value opportunities arising from China's EV boom

    Chinese consumer electronics giant Xiaomi held its second round of online orders for its first electric vehicle (EV), the SU7, which quickly sold out just like the first round did after its debut on Thursday.

    By Wang Yi | 2024/4/1 22:15:58
  • GT Voice: Slow progress in US charging stations endangers climate change targets

    The US government is full of ambitious plans when it comes to developing its own EV industry. Yet, when politicians tout America's economic and technological prowess, they often overlook a crucial factor, that is, the low efficiency of infrastructure construction.

    By Global Times | 2024/4/1 22:13:37
  • GT Voice: India's ultra-rich are growing, a worrying sign of inequality

    In the face of the widening wealth gap, the increased number of Indian billionaires suggests that as more resources and wealth are concentrated in the hands of a few, it is harder for ordinary people to share the dividends of economic development.

    By Global Times | 2024/3/31 23:21:03
  • By developing new quality productive forces, China eyes the long run

    This year's Government Work Report stated that China will continue to focus on deepening structural reforms and shore up technological innovation to modernize the country's industrial system and develop new quality productive forces to drive sustainable economic growth.

    By Wen Sheng | 2024/3/31 21:04:06
  • Japan's renewed airliner ambitions may have regional spillover effect

    Japan aims to develop a next-generation passenger aircraft by around 2035, with a plan to mobilize a combined 5 trillion yen ($33 billion) in public and private investment over the next 10 years, Kyodo News reported on Wednesday.

    By Hu Weijia | 2024/3/28 22:04:42
  • GT Voice: Scapegoating China won't resolve US economic woes

    Putting all the blame on China for economic problems in the US seems like an easy way for the Biden administration to pass the buck. However, the more that people in the US blame China, the fewer are actually working on a real solution. This is why the growing US tendency to shift blame onto Chinese manufacturing is a concerning sign.

    By Global Times | 2024/3/28 22:01:16
  • Why is China's support for NEVs different from discriminatory US moves?

    China has filed a complaint at the World Trade Organization (WTO) over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA). When reporting on China's actions, some Western media outlets made a special mention of how China is now accused of "providing subsidies to the NEV industry," too. It seems worthwhile to clarify the difference between China's support for its renewable energy sectors and discriminatory US subsidies for NEVs.

    By Hu Weijia | 2024/3/28 0:01:25
  • GT Voice: Rutte visit is rare chance to improve mutual understanding

    The significance of Mark Rutte's visit should not be solely focused on the chip sector, as it actually presents a unique opportunity for China and the Netherlands to enhance their mutual understanding in terms of potential economic and trade cooperation.

    By Global Times | 2024/3/27 23:52:32
  • Sri Lanka needs cooperation, not conspiracy theories, to resolve debt

    Ahead of Sri Lankan Prime Minister Dinesh Gunawardena's visit to China, which began on Monday and continues through Saturday, foreign media outlets have again hyped the so-called "debt trap" theory, but such an outrageous lie is not beneficial for the Sri Lankan economy.

    By Hu Weijia | 2024/3/26 22:23:10
  • GT Voice: Battery partnership provides mutual benefits for Chinese, US companies

    At a time when some in Washington persist in protectionist measures, the latest partnership between CATL and Tesla is a refreshing case that exemplifies the mutual benefits stemming from technological and industrial development in both countries.

    By Global Times | 2024/3/26 20:42:57
  • Chinese science and technology continue to advance despite increasing global technological nationalism

    Chinese science and technology have made rapid progress and significant achievements over past decades. While supporting the high-quality development of the domestic economy and leading the continuous upgrading of industries, Chinese science and technology endeavors have also made important contributions to world technology advancement. In the future, the prospects for the development of Chinese science and technology are being viewed as even brighter than past decades, and there will be more "Chinese elements" in the progress of world scientific and technological development.

    By Liu Dongmei | 2024/3/26 20:26:25
  • GT Voice: Nascent Indian EV sector has far to go, excluding China won't help

    It is ironic that some Indian elites seem oblivious to the significant gap between the state of the Indian industry and their lofty EV target. Instead of addressing this disparity, they appear obsessed with the idea of excluding China from India's EV supply chain.

    By Global Times | 2024/3/25 23:14:16
  • Cook's visit to China should be seen amid bigger picture of opportunities

    Amid hype by US politicians and media outlets about geopolitical tensions, Apple CEO Tim Cook has become a frequent visitor to China. He is actually in a position to attract public attention, as his visit, to some extent, mirrors the complexity of China's interactions with the world economy.

    By Hu Weijia | 2024/3/25 22:33:56
  • GT Voice: Additional investment in China crucial for S.Korean chipmakers

    Under the current complicated backdrop of mounting US pressure on South Korea and other countries to isolate China from the global semiconductor supply chain, South Korean chipmaker SK Hynix's latest remarks deserve attention as a window to observe the growing importance of the Chinese market for global semiconductor companies.

    By Global Times | 2024/3/24 21:37:24
  • Generative AI to make human work much easier, reshaping competitive landscape

    Generative artificial intelligence (AI) is rapidly emerging and shaking up the world like few things before. Global businesses, led by big tech companies, are racing to train their AI models with vast amounts of data and carefully crafted algorithms in their urgent efforts to develop innovative tools that will transform their production or service models to outperform their competitors.

    By Wen Sheng | 2024/3/24 19:30:17
  • Digital economy, green economy new impetus for China's economy: veteran Japanese economist

    The Chinese government work report submitted on March 5 to the national legislature set an "around 5 percent" GDP growth target for 2024, and China's pursuit of new quality productive forces has become a major focus at the two sessions in early March. Global Times reporters Chen Qingqing and Bai Yunyi spoke to veteran economist Tatsuhito Tokuchi, executive board member and research fellow at Center for Industrial Development and Environmental Governance of Tsinghua University and former chairman of CITIC Securities International Co Ltd, to discuss the challenges and opportunities facing China's economy.

    By Chen Qingqing and Bai Yunyi | 2024/3/24 17:53:30
  • Deepening Global South cooperation is significant in breaking traditional Western narratives

    The rapid development of the Global South is having a significant impact on the world economic and political landscape. Propelling indigenous development and accelerating economic modernization remain crucial tasks faced by the developing countries in the Global South, so it is of great importance for the countries to strengthen exchanges and mutual learning of development ideas.

    By Ma Hanzhi | 2024/3/24 16:47:41
  • China, Australia should cherish good partnership, resolve differences through dialogue

    China and Australia should be good economic partners rather than political rivals, as the two countries enjoy all-round and multi-field relations, and their common interests far outweigh their differences. For the sake of peace, stability and prosperity in the vast Asia-Pacific region, the two countries ought to get on good terms.

    By Wen Sheng | 2024/3/22 0:26:21
  • GT Voice: US criticism of Microsoft shows ignorance of global procedures

    Some US politicians have fallen to new lows by obstructing normal economic exchanges between China and the US, and now they're even going so far as to point a finger at American companies for their lawful operations in China.

    By Global Times | 2024/3/21 23:14:57
  • Cooperation with China conducive to Mexico's manufacturing development

    As the US is attempting to regain some of the manufacturing output it transferred in recent decades to emerging countries, many companies have already chosen to settle their production facilities in Mexico, due to its lower costs.

    By Hu Weijia | 2024/3/21 21:46:36
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