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Tariffs have never been an effective solution to trade issues. If Washington genuinely wants to curb the persistent growth of the trade deficit, it needs to create a scenario where both the US and its trading partners can benefit, which would be a viable and sustainable path forward.
By Global Times | 2025/2/6 22:58:55
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  • Why will it be difficult for India to gain from US-China trade tensions?

    While India hopes to leverage the opportunities presented by US-China trade friction to enhance its economic position, the reality is that trade friction has posed more challenges for India in its economic cooperation with the US.

    By Wang Yi | 2025/2/6 22:45:37
  • GT Voice: US climate retreat highlights need for China-EU green co-op

    A sensible response to the US' gross dereliction of responsibility in tackling climate change is for China and the EU, two of the world's biggest economies, to lead the rest of the world on a cooperative path of green development.

    By Global Times | 2025/2/5 23:33:27
  • Generic drugs offer glimpse into how US tariffs will hurt its consumers

    US President Donald Trump's executive order imposing a 10 percent tariff on Chinese imports is likely to drive up the cost of generic drugs in the US and exacerbate drug shortages, US media outlet NBC News reported on Tuesday, citing experts. This assessment, along with other warnings that additional tariffs could lead to higher prices for essential goods within the US, should be taken seriously by Washington.

    By Hu Weijia | 2025/2/5 23:27:40
  • HK tech stocks provide a glimpse into mainland's technological progress

    The Hong Kong stock market advanced on Tuesday, with the benchmark Hang Seng Index rising 2.83 percent to close at 20,789.96 points. Overall, technology stocks have done well. The Hang Seng TECH Index jumped 5.06 percent.

    By Hu Weijia | 2025/2/4 23:16:14
  • GT Voice: China's expanding opening-up reinforces its economic status

    As the world navigates through uncertainties and challenges, China's dedication to openness and inclusivity offers a model of resilience and growth, reinforcing its status as a key player in shaping the future of the global economy.

    By Global Times | 2025/2/4 23:13:33
  • Growing confidence in China's economic prospects for 2025: economist Yu Yongding

    In 2025, China is expected to introduce specific plans to implement more proactive fiscal policies and moderately loose monetary policies, as well as strengthen unconventional counter-cyclical adjustments. Additionally, measures to further deepen reform comprehensively and expand high-standard opening-up will be formulated. We have reason to be confident about the prospects of the Chinese economy.

    By Yu Yongding | 2025/1/26 19:52:23
  • GT Voice: Supply chain co-op key to hedging against tariff barrier challenges

    At a time when the global trade system is facing another round of tariff barrier challenges, the urgency for China and the US to seek new opportunities for cooperation, rather than falling into a tariff war that sees no winner, is becoming increasingly prominent.

    By Global Times | 2025/1/23 23:48:05
  • Enhancing cross-border crackdown on telecom fraud conducive to regional tourism

    If China and ASEAN countries can continue to work together to combat telecom fraud, it can lead to better results, addressing the root causes and hidden dangers of the problem. It is believed that the improved legal order and regulatory environment will bring brighter prospects for the tourism sector in ASEAN countries amid deepening regional economic integration.

    By Wang Yi | 2025/1/23 23:35:50
  • GT Voice: Roundtable sign of China's pragmatic stance on Europe

    A recent roundtable meeting convened by the MOFCOM has conveyed a strong and positive signal, demonstrating China's steadfast and pragmatic attitude toward deepening economic and trade cooperation with Europe.

    By Global Times | 2025/1/22 23:40:24
  • New tariffs would be counterproductive to US efforts in addressing cost-of-living crisis

    Although US inflation has eased, the economy does not seem to have fully recovered from the lingering effects of the cost-of-living crisis. In this context, some economists have recently warned that additional tariffs on imported goods could harm US consumers. Would this undermine the country's efforts to address the cost-of-living crisis?

    By Hu Weijia | 2025/1/22 23:31:22
  • New Gwadar International Airport exemplifies enhancing connectivity amid CPEC co-op

    The New Gwadar International Airport is regarded as a pivotal infrastructure project and a milestone that makes the Gwadar Port a regional nexus of connectivity. Officially commencing operations on Monday, the airport is anticipated to significantly contribute to Pakistan's economic development and bolster regional economic integration, especially amid the ongoing enhancements to the China-Pakistan Economic Corridor (CPEC) and Belt and Road Initiative (BRI) cooperation.

    By Hu Weijia | 2025/1/21 22:38:03
  • GT Voice: China's foreign trade upgrade thrives with financial support

    China's foreign trade achieved both steady growth and structural optimization last year. These trends provide a vivid example of how the interplay between the financial sector and foreign trade has supported the transformation and upgrading of foreign trade.

    By Global Times | 2025/1/21 22:35:44
  • GT Voice: Global South's embrace sign of appeal of China's green sectors

    The embrace of China's clean industry by countries in the Global South underscores the growing recognition of its sustainable development and demonstrates that Western attempts to block China's tech products from entering the global market are ultimately futile.

    By Global Times | 2025/1/20 23:43:33
  • Expanding investment cooperation requires more stable approach by EU

    The recent appeal from the chairman of the board of management of Mercedes-Benz reflects the aspirations of the wider European business community. European politicians, who may be entrenched in a zero-sum mindset, need to take a step back and objectively evaluate insights from the business sector regarding collaboration with China.

    By Wang Yi | 2025/1/20 23:34:30
  • GT Voice: Nvidia CEO's China visit shows crucial market ties

    While the US has implemented stringent measures to suppress the development of Chinese tech companies, Nvidia CEO's visit to China at this time demonstrates clearly that the Chinese market remains crucial for the global tech industry.

    By Global Times | 2025/1/20 0:17:34
  • 2025 Spring Festival travel rush opens new window to observe progress of the C919

    This year, 16 C919 aircraft are participating in China's Spring Festival travel rush, according to a report by CCTV, representing a significant increase compared with the previous year. The involvement of these domestically produced aircraft in this major event highlights the country's progress in science and industry, serving as a testament to years of dedicated research and innovation.

    By Hu Weijia | 2025/1/20 0:09:56
  • GT Voice: EU investment assessments not improving 'economic security'

    The European Commission has reportedly urged the 27 EU members to conduct a 15-month risk assessment of outbound investments in semiconductors, AI and quantum technologies. However, rather than strengthening the EU's economic security and resilience, these actions could actually have the opposite effect.

    By Global Times | 2025/1/16 23:56:44
  • China-SK expanded services trade co-op to inject vitality to region amid geopolitical challenges

    As geopolitical factors and protectionism pose significant challenges to global and Asian free trade cooperation, enhancing FTA cooperation between China and South Korea in the services and investment sectors could inject new vitality into bilateral trade and the regional economy.

    By Wang Yi | 2025/1/16 23:45:31
  • GT Voice: Record US fiscal deficit calls for vigilance from developing world

    The accelerated expansion of the US fiscal deficit not only plunges US government debt into an increasingly unsustainable predicament, but also casts a heavy shadow over the global economy, particularly developing economies, under the dominance of the dollar hegemony.

    By Global Times | 2025/1/15 23:34:01
  • China market advantage increases in uncertain international chip landscape

    As the chip market grapples with increasing uncertainty, Washington's interference and disruption are likely to impose greater challenges on semiconductor companies. In times of such unpredictability, the need to maintain a firm grip on the market becomes even more critical. China, as the world's largest semiconductor market, holds undeniable significance for global chipmakers.

    By Hu Weijia | 2025/1/15 23:23:51
  • GT Voice: 301 investigation on China not cure for US shipbuilding

    The US government appears to believe that cracking down on China's shipbuilding sector is the cure for its own industry, turning a blind eye to the fact that the decline of the American shipbuilding industry cannot be reversed through repression of others.

    By Global Times | 2025/1/14 23:28:33
  • Foreign media predictions of Vietnam replacing China as world's factory miss big picture

    In recent years, certain Western media outlets have raised the question of whether Vietnam will replace China as the "world's factory." The answer to this zero-sum perspective is a resounding no. In reality, the Asian industrial landscape is moving in the direction of expanding cooperation and integration.

    By Hu Weijia | 2025/1/14 23:05:23
  • GT Voice: California fires show need for effective US steps on climate

    The California fires serve as a severe alert about the urgent need for effective climate change policy and action in the US, which is also a reminder for nations worldwide of the importance of taking decisive actions to address climate change.

    By Global Times | 2025/1/13 23:43:35
  • EU competitiveness woes call for pragmatic digital cooperation with China

    The EU's report on future competitiveness serves as a timely warning for the bloc, while also exposing misconceptions regarding economic and trade cooperation with China. These misconceptions are among the factors that hinder the EU's efforts to improve its business attractiveness, foster growth in digital sectors and improve sustainable economic competitiveness.

    By Wang Yi | 2025/1/13 23:11:59
  • GT Voice: South-South cooperation an important way for Chinese wind power to go global

    China's wind power sector, renowned for its impressive advancements, is steadily emerging as a pivotal driver in the global energy transition. By leveraging international cooperation models like South-South cooperation, Chinese wind power companies can overcome international trade barriers while playing a crucial role in optimizing the global energy landscape.

    By Global Times | 2025/1/12 23:53:15
  • TSMC's Arizona plant poses risk of disrupting industry supply chain

    Taiwan Semiconductor Manufacturing Co (TSMC) has begun producing advanced 4-nanometer chips for US customers in Arizona, Reuters reported on Friday. While the move was hailed by Reuters as "a milestone in the Biden administration's semiconductor efforts," the ramifications for the semiconductor industry on the Taiwan island are more complex, with overwhelmingly unfavorable consequences taking center stage.

    By Hu Weijia | 2025/1/12 23:35:26
  • China's economy defies external biases with tangible gains

    While acknowledging Nobel economist Daron Acemoglu's innovative contributions to institutional economics, Zhang Xiaojing, director of the Institute of Finance and Banking at the Chinese Academy of Social Sciences, noted that applying general theories to specific countries or systems without considering their unique national contexts can lead to errors and biases, as there is no one-size-fits-all approach. China's economy continues to defy external biases with tangible gains.

    By Zhao Juecheng and Ma Tong | 2025/1/10 22:37:45
  • China boasts capabilities to keep yuan basically stable at adaptive and balanced level

    At the beginning of 2025, #China's central bank signals a commitment to leveraging a mix of monetary policy tools to maintain yuan stable at adaptive and balanced level. China has the fundamentals, conditions, and capabilities to achieve the goal despite increasing external volatility.

    By Guan Tao | 2025/1/9 23:28:29
  • GT Voice: EU green growth needs market expansion, not protectionism

    An increasing number of examples indicate that the key to the EU's green transition lies not in imposing trade barriers, but rather in effectively expanding the green consumption market.

    By Global Times | 2025/1/9 23:23:29
  • GT Voice: Tech sector's warning exposes divide over US chip blockade

    Washington's “small yard and high fence” strategy appears increasingly unsustainable, as the growing rift between the US government's containment policy and the interests of American tech businesses has become public and irreconcilable.

    By Global Times | 2025/1/8 23:07:57
  • Growing gold reserves highlight China's resilience against external risks

    In the face of increasing uncertainty in the global economic and financial landscape, China's foreign exchange and gold reserves, as well as the performance of the yuan, have attracted wide attention in international markets. While Western media outlets often focus on speculative opinions and deliberate pessimism, the reality is that key indicators remain stable, reflecting China's economic stability and resilience against external risks.

    By Wang Yi | 2025/1/8 23:03:28
  • Irreplaceable importance of Chinese market puts spotlight on China-S.Korea trade

    Although the gap between South Korea's exports to China and those to the US is narrowing, the economic ties between China and South Korea are undeniably crucial, forming a relationship that cannot be easily substituted by any of South Korea's other bilateral partnerships.

    By Hu Weijia | 2025/1/7 22:57:48
  • GT Voice: Western biased judgments fail to capture China's economic reality

    Western media outlets repeatedly use the logic of traditional Western economics to explain the economic challenges currently faced by China. Such biased and misunderstood judgments will eventually be proved wrong by the reality of China's development.

    By Global Times | 2025/1/7 22:44:50
  • GT Voice: Washington's efforts crucial to easing soybean trade concerns

    The ongoing concerns over China-US soybean trade despite relatively stable purchasing data may be seen as a microcosm of the uncertainties the US has brought to bilateral trade.

    By Global Times | 2025/1/6 23:40:15
  • Can Japan's telecom technology thrive in US amid latter's growing tide of protectionism?

    Japan is set to start a government-backed effort to promote light-based telecommunications technology to US tech giants, Nikkei Asia reported on Monday. However, if the report proves accurate, this ambitious effort may confront a range of challenges, even with Japan's technological advantages in the field.

    By Hu Weijia | 2025/1/6 23:19:19
  • Devt of India's high-tech sector needs to embrace Asian industrial chain cooperation

    Sullivan's visit to New Delhi to review the iCET has once again drawn attention to India's ambitions to enhance its high-tech sector. While the iCET presents opportunities, it also highlights some of the challenges facing India's manufacturing sector and high-tech ambitions.

    By Wang Yi | 2025/1/5 23:16:06
  • GT Voice: Chinese firms' innovation best response to uncertainty

    Despite the geopolitical headwinds, Chinese companies have made inroads into global markets and participated in the world's major electronics show. Their confidence comes from technological advances in indigenous innovation.

    By Global Times | 2025/1/5 23:09:42
  • GT Voice: What is needed to maintain momentum of China-SK trade?

    Trade between China and South Korea has reached a critical juncture amid complex geopolitical pressures. Central to this issue is the urgent need for a practical cooperation mechanism. This effort is particularly vital in key strategic sectors, such as semiconductors.

    By Global Times | 2025/1/2 23:33:53
  • US dollar uncertainty prompts economies to heighten vigilance against spillover risks

    The continued strength of the US dollar presents particular risks for certain emerging economies already grappling with external and fiscal imbalances. Countries with large current account and fiscal deficits, coupled with low foreign exchange reserves, are especially exposed to the negative consequences of a stronger dollar.

    By Hu Weijia | 2025/1/2 23:24:27
  • GT Voice: Original innovation key for China's industrial development

    In the context of intensifying global technological competition, the urgency of enhancing original innovation capabilities for China's technological development and industrial upgrading is becoming increasingly critical.

    By Global Times | 2025/1/1 23:04:36
  • GT Voice: US protectionism is behind absurd 'origin washing' claim

    Hypes about “origin washing” are unfounded, as the existing regulatory frameworks guarantee the traceability of product origins. These misleading claims can be seen as an excuse for justifying the US' increasing trade protectionism.

    By Global Times | 2024/12/30 23:33:39
  • US Manhattan Project-style AI plan exposes its urge to maintain tech dominance

    The USCC's proposed Manhattan Project-style AI initiative underscores the US' push to maintain its edge over China in AI. While its prospects remain unclear, it highlights the need for other countries to prioritize tech innovation as a key driver of national development.

    By Zhu Shuai | 2024/12/30 22:12:19
  • GT Voice: Manufacturing strength boosts Chinese companies going global

    The steady willingness of Chinese companies to pursue investments abroad is the inevitable result of China's growing strength in industrial competitiveness, and an important reflection of Chinese companies' active embrace of the global economy.

    By Global Times | 2024/12/29 23:11:43
  • Strong cotton output in Xinjiang highlights local resilience amid discriminatory trade

    Cotton output in Northwest China's Xinjiang Uygur Autonomous Region reached nearly 5.69 million tons in 2024, up 574,000 tons over the previous year, according to the National Bureau of Statistics. The autonomous region contributed 92.2 percent of the country's total cotton output this year, setting a new record, according to the Xinhua News Agency.

    By Wang Yi | 2024/12/29 22:30:21
  • Industrial complementarity key for China-US clean energy cooperation

    If China and the US can enhance cooperation, it will greatly boost the development of global clean energy transition, which is crucial for achieving the goals of the Paris Agreement, advancing multilateralism, ensuring global energy supply stability, and realizing a green transition.

    By Jia Weilie | 2024/12/27 22:23:41
  • New legislation set to boost devt of nation's private enterprises

    The formulation of the private economy promotion law is a key measure to adapt to the new situation of China's economic development and to promote the high-quality development of the private economy. This law is set to stimulate the private sector's potential and vitality.

    By Cui Chuangang | 2024/12/27 22:14:23
  • GT Voice: 'China price' offers valuable certainty to global PV industry

    With the launch of the polysilicon futures, its price discovery mechanism will more accurately reflect the supply and demand dynamics of the domestic polysilicon industry, thereby establishing a “China price” for polysilicon trade.

    By Global Times | 2024/12/26 23:02:31
  • Potential interest rate cuts in 2025 a positive factor for SK and Asia's supply chains

    SouthKorea's central bank's recent announcement of a further interest rate cut next year is necessary for the nation's real economy, especially for its export-driven manufacturing sector. In 2025, some Asian economies may still be in a rate-cutting cycle, creating a window of opportunity for further growth and transformation in Asia's manufacturing supply chain.

    By Hu Weijia | 2024/12/26 22:57:55
  • GT Voice: Breakthroughs in China-Japan-SK trade co-op key to regional devt

    It has become urgent for China, Japan, and South Korea to achieve new breakthroughs in economic and trade cooperation. This collaboration is essential not only for the industrial chains among regional countries, but also for upholding the multilateral trade system and advancing regional economic integration.

    By Global Times | 2024/12/25 23:40:11
  • 'De-risking' from China is the real threat to global critical mineral supply chains

    The suggestion by the think tank Labour Together, as reported by The Guardian, for the UK to "de-risk" its supply chains and reduce reliance on China for critical minerals, is misguided. While the idea of diversifying supply sources might ostensibly be prudent at first glance, such a strategy risks destabilizing, rather than protecting, the supply chains it aims to safeguard.

    By Hu Weijia | 2024/12/25 23:32:09
  • Oil demand shift shows China's green push driving economic progress

    The shifts in China's oil demand are not merely fluctuations in numbers. They profoundly reflect China's evolving role in the global energy sector, transitioning from a major oil consumer to a leader in energy transformation.

    By Wang Yi | 2024/12/24 23:06:38
  • GT Voice: US hegemony cannot hijack global chip industrial chain

    Despite US unilateral measures, such as the Section 301 probe, to serve its own strategic interests, the development of China's chip industry will not be obstructed by the hegemonic approach of the US, which puts the global chip industrial chain in potential jeopardy.

    By Global Times | 2024/12/24 22:57:32
  • GT Voice: BRI devt vital in improving global connectivity landscape

    With the steady advancement of the construction and plans of the railway network spanning Southeast Asia and the Eurasian continent, infrastructure efforts aimed at reshaping global connectivity are set to inject new vitality into the development, stability, and peace of both the region and the world at large.

    By Global Times | 2024/12/23 23:03:34
  • US dilemma on PV tariffs reveals Chinese manufacturing's integral role in global supply chain

    The consideration of tariff exemptions exposes that the high tariff policy in the US is counterproductive to boosting the domestic solar panel manufacturing industry. Maxeon's case shows that Chinese manufacturing is involved in almost every aspect of the global supply chain. It is unfeasible for the US to exclude Chinese manufacturing for political reasons.

    By Wang Yi | 2024/12/23 22:47:21
  • GT Voice: Xinjiang's PV project testament to region's unique economic strength

    As China's new-energy sector experiences rapid growth, the Xinjiang region is bringing its unique strengths and resources into play to maximize its potential in this field, making a significant contribution to its overall economic development.

    By Global Times | 2024/12/22 22:44:22
  • China's cross-border e-commerce well positioned for growth amid challenges

    China's cross-border e-commerce trade has rapidly emerged as a prominent advantage of the country's foreign trade landscape. Despite increasing challenges, such as geopolitical pressures, the integrated strength of China's cross-border e-commerce, digital economy and manufacturing is poised to continue to unleash the significant development potential of the sector.

    By Wang Yi | 2024/12/22 22:35:06
  • GT Voice: China's EV sector remains open, resilient amid external pressures

    CATL's battery swapping ecosystem model, to a certain extent, serves as a prime example of how Chinese companies are not only advancing and expanding the EV sector but also demonstrating resilience and adaptability in the face of external pressures.

    By Global Times | 2024/12/19 23:38:19
  • Xinjiang's grain output breakthrough highlights modernization progress

    Northwest China's Xinjiang Uygur Autonomous Region grabbed the top spot in the country in terms of grain yield per unit area in 2024, marking a new breakthrough in the region's efforts to enhance grain production, the Xinhua News Agency reported. This achievements in raising grain yield in the Xinjiang region have not been easily attained. They are the result of a comprehensive and consistent interplay of policies, technology and other positive factors.

    By Wang Yi | 2024/12/19 23:34:05
  • GT Voice: Prioritizing cooperation over geopolitics key for digital trade

    China and the US share common interests and vast potential for cooperation in the field of digital trade. Making good use of such potential rather than sabotaging it for geopolitical purposes is what is needed for further development of global trade.

    By Global Times | 2024/12/18 22:39:12
  • China's strengthening marine capacity contributes to global trade, devt

    In its efforts to build into a strong maritime country, China is solidifying its leading position in global shipping and trade capacity. Initiatives such as the Belt and Road Initiative (BRI), along with the promotion of green shipping, are strengthening China's maritime capabilities and making positive contributions to global trade and development. These efforts enhance the efficiency of global supply chains, reduce logistics costs and offer substantial benefits to developing countries.

    By Wang Yi | 2024/12/18 22:33:23
  • GT Voice: Green transition unlocks growth potential for China's steel sector

    The major divergence in the development trajectories of the steel industries in the East and West not only mirrors the profound changes in the global economic landscape, but also serves as a vivid testament to China's pursuit of a high-quality transition.

    By Global Times | 2024/12/17 23:13:10
  • Lingering EU energy concerns require pragmatic cooperation over protectionism

    Standing at a critical juncture in its mission to meet energy demand and fuel economic growth, Europe needs to accelerate the energy transition and strengthen energy cooperation. While it would be beneficial for the EU to expand cooperation with China, an important trading partner, in order to achieve these multiple goals, the EU needs to shun the protectionist mindset and embrace pragmatic cooperation with an open attitude.

    By Wang Yi | 2024/12/17 23:04:05
  • More proactive approach will unleash positive potential of China's economy

    Based on changes in both internal and external circumstances, the Central Economic Work Conference has made it clear that next year China will adhere to the principle of pursuing progress while ensuring stability, promoting stability through progress, and implementing a more proactive fiscal policy along with a moderately loose monetary policy, aiming to create a combination of pro-growth policy.

    By Dong Shaopeng | 2024/12/17 15:31:50
  • GT Voice: Economic transformation holds potential for China-Aussie trade

    Despite short-term fluctuation, a profound transformation within the Chinese economy has the potential to bring vast opportunities for enhanced economic and trade cooperation between China and Australia.

    By Global Times | 2024/12/16 23:47:33
  • Chinese crane manufacturers' advantage helps global ports against protectionism

    Despite short-term fluctuation, a profound transformation within the Chinese economy has the potential to bring vast opportunities for enhanced economic and trade cooperation between China and Australia.

    By Hu Weijia | 2024/12/16 23:38:50
  • GT Voice: 'New AI chip restrictions' beyond China hurt US industry

    The WSJ's report on the potential expansion of US restrictions only underscores the counterproductive effects of previous measures imposed by Washington. If the US extends its restrictions to more regions beyond China, it will only expose a deeper strategic impasse.

    By Global Times | 2024/12/15 23:40:14
  • Expansion of CPTPP to include China after UK will boost global free trade

    As global free trade encounters various challenges, the expansion of the CPTPP becomes increasingly vital. After the UK officially joins, the further expansion of CPTPP to include China will be beneficial to global free trade.

    By Wang Yi | 2024/12/15 23:34:09
  • Unfounded 'China threat' narrative hinders steel industry development

    It's somewhat ironic that Nippon Steel, while criticizing the "inappropriate" influence of politics on its proposed takeover of US Steel - especially following reports that Washington might block the deal - simultaneously exploits the political narrative of a "China threat" to bolster its case. If Nippon Steel truly wants to eliminate "inappropriate" political influence, it should stop using the unfounded "China threat" as a bargaining chip. It should be noted that the growth of China's steel industry has never posed a "threat" to other nations, but rather reflects broader global market trends and industrial development.

    By Hu Weijia | 2024/12/13 0:39:59
  • GT Voice: Attention to US CPI shows concerns over potential tariffs

    While the increase in the US CPI for November seems to be relatively moderate, media attention on this issue has intensified, with some even linking inflation to the rise of tariffs, reflecting growing concerns from the global market regarding the US' trade protectionist policies.

    By Global Times | 2024/12/13 0:37:22
  • GT Voice: US' China strategy increasingly harmful to American firms

    The US strategy toward China is increasingly detrimental to American businesses, a reality that has garnered growing attention and concern among them. Companies are beginning to recognize that Washington's approach toward China is not merely a political issue, but also an economic one that impacts their competitiveness and growth.

    By Global Times | 2024/12/11 23:01:41
  • GT Voice: Policy stance signals stronger support for economic growth

    The Political Bureau of the Communist Party of China (CPC) Central Committee on Monday held a meeting to analyze and study the economic work of 2025.

    By Global Times | 2024/12/10 23:54:09
  • China's development offers Australia more opportunities for growth

    Australian wine conglomerate Treasury Wine Estates (TWE) recently announced that it has entered into an agreement to acquire a 75 percent equity interest in Ningxia Stone & Moon Winery Co. Ltd (Stone & Moon) for a price of 130 million yuan ($18 million). This strategic move not only strengthens TWE's commitment to the Chinese wine market but also injects more impetus into the cooperation between businesses of the two countries amid the further improvement of bilateral ties.

    By Yin Yeping | 2024/12/10 23:34:21
  • GT Voice: Positive China-Australia trade ties vital for economic stability

    In the face of rising trade protectionism and the US push for "decoupling," the question of how China and Australia can uphold and bolster bilateral economic and trade cooperation and avoid being carried away by third parties amid a complex and changeable international landscape has emerged as a pressing focus of attention.

    By Global Times | 2024/12/9 23:15:39
  • GT Voice: Innovation helps China's chip industry defy US export curb

    China's semiconductor industry has demonstrated a remarkable surge in self-innovation in recent years, particularly in the face of escalating sanctions and export restrictions imposed by the US. Rather than retreating in the wake of these challenges, Chinese chip manufacturers have accelerated their efforts toward domestic production, achieving significant advancements across various sub-sectors. This development not only highlights the resilience and innovative spirit of China's chip industry but also signals the failure of Washington's strategy to contain China's technological development.

    By Global Times | 2024/12/8 22:32:43
  • BRI cooperation to inject new impetus into Nepal's economy and regional trade

    During Nepalese Prime Minister Khadga Prasad Sharma Oli's visit to China from Monday to Thursday, he reaffirmed Nepal's commitment to actively engaging in the Belt and Road Initiative (BRI). In May 2017, China and Nepal signed a Memorandum of Understanding (MoU) on bilateral cooperation under the framework of the BRI. Seven years on, cooperation through the BRI has deepened, further boosting bilateral economic growth. This strengthened cooperation is set to inject fresh momentum into the development of a multi-dimensional connectivity network across the Himalayas, with the potential to profoundly reshape trade networks throughout Asia.

    By Hu Weijia | 2024/12/5 23:55:26
  • GT Voice: Deepening reliance on US risks Taiwan island's economic future

    It seems that some US politicians have become increasingly inclined to exploit the island of Taiwan's reliance on Washington in an attempt to gain both geopolitical and economic interests from this strategic pawn. However, this deepening reliance could potentially expose the Taiwan region to greater risks in the future, making it more easily fall victim to America's pursuit of its own economic and strategic interests.

    By Global Times | 2024/12/5 23:45:09
  • GT Voice: Global investors' interest shows confidence in China's economy

    Global investors are treasure-hunting in China's undervalued capital markets. On Monday, Wall Street traders spent approximately $55 million to buy call options on a leveraged ETF tracking the benchmark CSI 300 Index, which tracks the top 300 shares on the Shanghai and Shenzhen stock exchanges, the Shanghai Securities News reported on Tuesday. Typically, the trading volume of long options on the CSI 300 Index on Wall Street is significantly lower than this figure.

    By Global Times | 2024/12/5 0:10:53
  • Projects funded by US should aim for sustainable devt, not zero-sum competition

    US President Joe Biden is visiting Angola this week, showcasing the Lobito Corridor project, which is reportedly a multi-billion US dollar investment aimed at building a railway connecting the Angolan port of Lobito to the city of Kolwezi in the Democratic Republic of the Congo, attracting attention from Western media. Some outlets see the project as a tool of geopolitical competition, with VOA highlighting it as a part of the US strategy to counter China's influence in global development. However, the project's future remains uncertain.

    By Hu Weijia | 2024/12/5 0:05:24
  • GT Voice: EU firms' steadfast investment signals appeal of Chinese market

    Despite the growing complexity of economic and trade relations between China and the EU, European companies remain steadfast in their confidence in the Chinese market, as evidenced by their continued investments and firm business choices.

    By Global Times | 2024/12/3 22:09:12
  • China possesses distinct advantages in humanoid robot sector despite external curbs

    In recent trading sessions, stocks related to humanoid robots in China's A-share market have seen a significant surge, attracting the attention of investors. This upward momentum reflects the increasing confidence in the future potential of China's humanoid robotics sector.

    By Hu Weijia | 2024/12/3 22:04:46
  • GT Voice: Food security diversity pushes potential Argentina wheat deal

    The potential wheat deal between Argentina and China indicates that Argentina's wheat exports are poised to explore new and promising market avenues, but also presents a valuable opportunity for China to further diversify its grain import strategy.

    By Global Times | 2024/12/2 23:35:49
  • Deep-sea mining necessitates joint efforts to ensure sustainable development

    Deep-sea mining controversy necessitates joint international efforts to ensure sustainable development. Only by doing so can demands for resources be balanced with ecological protection and achieve long-term sustainable development of the sector.

    By Wang Yi | 2024/12/2 23:30:16
  • GT Voice: Potential tariffs from US could hinder its photovoltaic sector

    If the US imposes high “dumping tariffs” on photovoltaic products imported from Southeast Asian countries, it is likely to further push up the prices of domestic products. Tariff barriers will ultimately stifle the long-term growth potential of the US photovoltaic industry.

    By Global Times | 2024/12/1 23:07:21
  • China's economy remains stable with new factors driving positive trajectory

    Various indicators in the first three quarters of this year show that China's economic performance has remained stable, with several new factors contributing to a positive trajectory. The economy is expected to maintain momentum in the fourth quarter.

    By Wang Xifeng | 2024/12/1 22:35:00
  • GT Voice: Yuan to stay stable, adaptive to cope with external pressure

    China will keep the exchange rate of the yuan basically stable at an adaptive and balanced level to effectively mitigate external shocks while minimizing the negative impacts of significant exchange rate fluctuations on the economy.

    By Global Times | 2024/11/28 23:41:29
  • Despite protectionism, room remains to strengthen China-SK industrial chain co-op

    China-South Korea industrial cooperation has long been an important part of the Asian industrial network, consistently drawing attention. According to Korean news agency Yonhap, officials from both countries gathered on Thursday in Yancheng, East China's Jiangsu Province, to discuss strategies aimed at ensuring the stability of their supply chains.

    By Hu Weijia | 2024/11/28 23:38:00
  • GT Voice: EU investment policy without biases benefits its economy

    If the EU can reconcile its internal division and establish a more unified investment policy framework by prioritizing economic rationality over political or ideological biases, its position as a more solid independent pole in a multipolar world will be consolidated.

    By Global Times | 2024/11/27 23:26:21
  • US domestic subsidies and curbs on foreign chips disrupt global industrial chain

    The US Commerce Department announced Tuesday that it is finalizing a $7.86 billion government subsidy for Intel, down from the proposed $8.5 billion in March after the California-based chips maker won a separate $3 billion award from the Pentagon, Reuters reported. While the funding is significant, it remains unclear whether it will be sufficient to help Intel overcome its challenges.

    By Hu Weijia | 2024/11/27 22:53:23
  • GT Voice: China's openness commitment key to retaining competitivness

    The importance American companies attach to the Chinese market exemplifies the profound potential for mutual benefit and win-win cooperation that arises from China's commitment to opening up its economy.

    By Global Times | 2024/11/26 22:40:59
  • China-Saudi Arabia investment cooperation strengthening amid global uncertainties

    Economic and trade relations between China and the Middle East are built on a solid foundation and have evolved significantly over time. Recently, these economic exchanges and cooperative efforts have strengthened, reflecting a mutual commitment to growth. This interest and effort from both sides foster a dynamic partnership that benefits both sides.

    By Hu Weijia | 2024/11/26 22:21:06
  • Western relocation industry schemes clash with economic principles, stifling growth

    For some Western powers, critical minerals have turned into a strategic battleground. In response, these nations are forming alliances centered around these minerals, pressuring their allies to join exclusive blocs. This emerging trend threatens to disrupt global supply chains and poses a significant challenge to globalization.

    By Hu Weijia | 2024/11/25 23:28:35
  • GT Voice: Spillover risks of $36 trillion US debt necessitate global vigilance

    The continuous rise in US debt is no longer merely a short-term trend, but a significant long-term challenge that has far-reaching spillover effects on the global economy.

    By Global Times | 2024/11/25 23:13:03
  • South Korea needs to do away with bottlenecks to strengthen SMEs

    Amid the rapid evolution in the global digital landscape and its associated industrial and supply chains, South Korea, an export-oriented economy, is increasingly supporting SMEs to drive growth, create jobs, and foster innovation. The country has stepped up efforts to activate the vitality of SMEs, integrating competitive industries, reforming institutions, supporting growth, and cultivating leading enterprises.

    By Da Zhigang | 2024/11/25 16:41:33
  • Media hype over 'reducing reliance' undermines development of Europe's EV industry

    Northvolt, the Swedish manufacturer of battery cells for electric vehicles (EVs), has filed for Chapter 11 bankruptcy protection in the US, according to Reuters. The report highlights the swift downfall of Northvolt, which, in a matter of months, went from being hailed as Europe's best shot at a homegrown EV battery champion to a company struggling to stay afloat.

    By Hu Weijia | 2024/11/24 23:35:50
  • GT Voice: Globalization logic behind CISCE's championing of supply chain stability

    Themed "Connecting the World for a Shared Future," the second China International Supply Chain Expo (CISCE) is scheduled to take place in Beijing from Tuesday to Saturday.

    By Global Times | 2024/11/24 23:31:39
  • GT Voice: AI development cannot be a game of rich countries

    The committee creates a new platform and opportunities to enhance international governance and cooperation on AI, as well as promoting the global sharing of AI development achievements. It also echoes the common desire of the international community to strengthen governance and cooperation in AI.

    By Global Times | 2024/11/21 23:38:52
  • Trade protectionism is not the solution to revitalizing US manufacturing

    The US views manufacturing as a crucial driver of economic growth and innovation. Over the past decade, the federal government has implemented various plans and strategies aimed at supporting the sector's development. However, one key factor essential to revitalizing the US manufacturing industry - industrial automation - seems to have been overlooked.

    By Hu Weijia | 2024/11/21 23:26:49
  • Oversubscription of $2 billion bonds in Saudi Arabia reflects appeal of Chinese economy

    The successful issuance and oversubscription of the bonds not only demonstrate the openness and vitality of China's financial sector but also reflect the strong appeal of the Chinese economy and the international investors' positive outlook on China.

    By Wang Yi | 2024/11/21 14:26:27
  • GT Voice: No need to let reported 'tech transfer' disrupt China-EU ties

    Although the EU news regarding EV technology transfers may raise concerns, there is no reason to adopt a pessimistic outlook on the potential for China-EU cooperation.

    By Global Times | 2024/11/20 22:42:57
  • Canada's concerns about Mexico's trade with China stem from protectionism, bias

    Canada, following the lead of the US, said in August it would impose a 100 percent tariff on imports of Chinese electric vehicles (EVs). Mexico does not have a similar tariff. It should be noted that the ongoing pragmatic economic and trade cooperation between China and Mexico is a normal commercial activity conducted by enterprises from both countries, based on international rules and market principles, and no third party has the right to interfere.

    By Hu Weijia | 2024/11/20 22:34:15
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