Certain Western media outlets frequently hype the issue of "China's trade surplus," blaming China for "creating trade imbalances in global commerce" and sensationalizing trade war concerns. This perspective is misleading and serves as an excuse for implementing high protectionist tariffs and other unjustified trade barriers. It is these protectionist tariffs that pose a real threat to global trade.
The gains of American agricultural companies at the CIIE underscore the vast potential and open attitude of the Chinese market while highlighting the complementarity and cooperation space between China and the US in the agricultural sector.
The investment of Chinese EV makers in the African market is not a passive response to protectionist tariff barriers in Western countries as claimed by some Western media outlets; rather, it is a natural choice based on the increasingly close economic ties and cooperation trends among countries in the Global South.
India's ambitious initiatives in the renewable energy sector are attracting considerable global attention. The Indian government and various companies are promoting the growth of this sector with great intensity, leading some Western media outlets to view these efforts as a challenge to China's dominance in the green supply chain.
The remarks made by the EU ambassador to China regarding trade dispute and market access issues reflect certain complexities and challenges in the China-EU economic and trade relationship. However, it is important to note that China's pace of opening-up will not be halted by external pressure or doubts.
Canada's recent hardline approach to economic and trade relations with China, fueled by short-sighted and speculative geopolitical calculations, is unlikely to yield any additional benefits in its trade with the US and may even jeopardize the prospects for economic cooperation with China.
In the face of arbitrary US restrictions and disruptions in global semiconductor trade, these companies continue to flexibly adjust their strategies and maintain close cooperation with the Chinese market. This approach reflects a recognition of China's vast market potential and irreplaceable position in the global semiconductor industrial chain.
Western countries, leveraging their economic and political advantages, have long held a dominant position in climate change, which allows them to adopt protectionist measures in the development of the global green industry. Such a model has become increasingly unsustainable.
While a deal has been reached to end the Boeing strike, concerns about the stability of the US labor supply and declining consumer confidence remain. The challenges facing US manufacturing persist, as political interference in the supply chain and additional protectionist tariffs are unlikely to strengthen the sector.
The GMS economic cooperation mechanism has made significant strides in fostering regional economic coordination and cooperation since its establishment more than three decades ago. In a world facing a sluggish economic recovery and geopolitical challenges, this regional economic cooperation mechanism is poised to further enhance economic and social development, as well as promote prosperity and stability in the region.
At a juncture when China-EU trade relations are facing challenges, the latest remarks by the EU's trade chief-in-waiting apparently add uncertainty and complexity into the future of China-EU economic and trade relations.
The expansion of the agricultural products exhibition area at the CIIE underscores China's commitment to diversifying and enhancing the inclusivity of its agricultural product imports. In the face of uncertainties in the international trade landscape, China will continue to promote greater openness, actively expand imports and create significant market dividends for the world.
If the US really continues on this approach, the negative consequences of its “decoupling” policy with China will extend beyond the two nations, leading to widespread trade restrictions that affect developing countries worldwide.
The recent deadly floods in Spain have once again raised the alarm about climate change. This disaster represents not only a significant test for Spain but also a severe challenge to the global community's ability to cooperate and respond effectively to climate change.
The “Japan fate” hype over Chinese economy is absurd and ill-intentioned. This misleading perspective is merely another cliches about the “China collapse” narrative that is doomed to fail.
Amid intensifying competition in EV markets and rising protectionism in some Western countries, this development highlights BYD's strong competitiveness in the global EV market and the immense potential of China's EV industry. Although there is a certain pressure and some impact of protectionist practices from the West on Chinese EVs, this does not hinder the continuous development of China's EV industry.
Made-in-China is not only adapting to the development of the e-commerce sector but is also actively expanding into global markets, demonstrating an unstoppable momentum for growth, even amid ongoing geopolitical tensions.
The UK's willingness to have talks over reopening the JETCO with China is a positive development that should be welcomed. However, getting it done won't be easy for London, as previous rhetoric by the UK side about potentially reviving the key trade talks yielded little progress in recent years. To move forward, the UK needs to take more concrete actions to mitigate geopolitical influences and other challenges.
Given concerns about the potential for further trade conflicts between China and the EU, it is particularly necessary and urgent for China to take necessary measures to remind the EU to rein in the trend of escalating trade disputes.
This attempt to extend the "threat" rhetoric and suppression of China's technological development into new fields is seen as an expansion of the US tech war. The misguided perception among certain US politicians that labels other countries' legitimate efforts to promote technology development as "potential threats" has no basis and stems from a zero-sum mentality that has been taken to extremes.
The trouble faced by German car giant Volkswagen not only represents a blow to Germany's industrial prowess, but also serves as a reminder of the pressing need for the EU to find a balanced way to improve industrial competitiveness.
The robust recovery of Australia's wine exports to China underscores the robust momentum of the recovery in China-Australia economic and trade relations. The progress has been hard-won and should be valued and sustained.
The pragmatic approach of American businesses toward China highlights the growing divide between these companies and Washington regarding China policy, an issue that is increasingly hard to overlook.
Some in the US tend to perceive China as a primary contributor to the country's trade imbalance, and this perspective has become so entrenched that it allows little room for differing opinions.
In an interview with Reuters on Friday, UK Chancellor of the Exchequer Rachel Reeves said that the UK needs to take a "hard-headed, economic realist" approach to its ties with China in order to do a better job of boosting trade, while minimizing risks to national security.
The head of the IMF has recently stated that elevated consumer prices "are here to stay," intensifying the pain from sluggish global economic growth and mounting debt burdens.
At the IMF-World Bank Annual Meetings in Washington, DC, one of the key focuses was the need for major economies to strengthen macro policy coordination to address mounting economic pressures.
The US is attempting to disrupt mutually beneficial cooperation in the global semiconductor industrial chain, which is not only detrimental to the US but also has a negative impact on the global development of the sector. As a result, it will inevitably face increasingly strong resistance.
It is no surprise that the resolution of issues concerning the border area between China and India has generated market optimism so quickly, based on the recognition of their complementary strengths and the vast opportunities for collaboration.
Despite intense pressure from the US on China's semiconductor sector, the progress demonstrated by China's chip industry underscores its unwavering determination to overcome external obstacles.
The green transition has become a global consensus, embodying significant opportunities for economic and industrial chain cooperation worldwide. China has made substantial progress in the green industry sector. Unfortunately, some Western countries are not cooperating with China in the green industry; instead, they are opting to suppress and contain its green efforts.
The progress made by BRICS countries in transitioning to green energy not only helps mitigate global climate change but also serves as an inspiring example for other developing nations, showcasing an approach to energy development that diverges from old Western practices.
Scholz's remarks not only reflect the ongoing divisions within the EU over hiking tariffs on Chinese EVs but also underscore the need to reckon with how to effectively strengthen industrial competitiveness within an economy. Free trade and market competition are vital drivers of industrial advancement. Protectionism does not bolster competitiveness and fails to promote development.
Shanghai-based Hudong-Zhonghua Shipbuilding Co, a subsidiary of China State Shipbuilding Corp, and China Shipbuilding Trading Co, signed a new shipbuilding deal denominated in yuan with Canadian tonnage supplier Seaspan Corp on Friday for six container ships, according to China Media Group. This marks the largest single container shipbuilding deal to be settled in yuan in China this year.
The growing US politicization of trade and the alarming rise of protectionism will compel countries in Southeast Asia and elsewhere to more actively explore new markets and forge alternative trade partnerships.
China's infrastructure investments in Latin America sometimes raise concerns in the US. However, from a broader perspective, cooperation between China and regional countries actually presents more opportunities for collaboration for the US rather than rivalry.
As interest alone on US government debt exceeds $1 trillion, elevated deficits and skyrocketing interest payments may evoke fears of an imminent fiscal crisis if appropriate countermeasures are not taken. If the US debt level is perceived as unsustainable, it could trigger shocks in international financial markets.
Bangladesh is expected to formally apply for membership of the Regional Comprehensive Economic Partnership (RCEP), the world's largest multilateral free trade bloc, this week, according to its commerce ministry. Ministry officials said the country is also preparing to negotiate free trade agreements with several countries, Business Standard reported on Wednesday.
In a joint statement made public on Wednesday in Islamabad, China and Pakistan agreed to work together to build the "upgraded version" of the China-Pakistan Economic Corridor (CPEC) and make it into a demonstration project for cooperation under the high-quality Belt and Road Initiative (BRI).
Problems encountered by iPhone factories in India have raised significant concerns about the viability and reliability of Apple's strategy to move a proportion of production from China.
US officials have discussed capping sales of advanced artificial intelligence (AI) chips from Nvidia and other American companies on a country-specific basis, and their focus is on Persian Gulf countries, Bloomberg reported, citing people familiar with the matter. If the report is true, the US semiconductor industry will very likely be the victim as chipmakers lose market share due to sales restrictions.
As the 2024 Paris Motor Show entered its second day on Tuesday, the presence of Chinese car companies garnered widespread attention. Despite the European Commission's plan to impose tariffs of up to 45 percent on Chinese electric vehicles (EVs), Chinese companies showcased new models and layout plans at the event, demonstrating their commitment to overseas growth amid rising competition and protectionism.
Britain "needs more engagement with China," the country's Trade Secretary Jonathan Reynolds told POLITICO on the sidelines of the recently elected UK Labour government's International Investment Summit. If "more engagement" allows more room for economic cooperation to grow, it will almost certainly bring positive contributions to inbound investment in the UK.
In the medium to long term, the prices of yuan-denominated assets will rise alongside steady and optimized economic growth, and China is better positioned to boost and maintain the confidence of international investors.
As some US politicians intensify efforts to fabricate and spread claims of a “national security threat” posed by vehicles from China, the Mexican economy may suffer losses if the country is swayed by those politicians, given the importance of the auto sector to Mexico.
Although China is sincere in advancing consultations, the EU side has kept making unreasonable demands, which, combined with other factors, makes consultations difficult.
Against the backdrop of multiple risks threatening the global trade recovery, rising protectionism and geopolitical interventions that challenge free trade cooperation, trade between China and Vietnam has maintained steady and robust growth. This trend underscores the significant dividends of strengthened regional economic cooperation, the advancement of free trade and the integrated development of industrial chains.
In recent years, the complex global political and economic situation has created persistent uncertainty that continues to affect the market, particularly the foreign exchange market. In this context, some foreign investment institutions often exaggerate the impact of normal fluctuations of Chinese yuan's exchange rate.
During the past week, the exchange rate of Chinese yuan has seen some fluctuations following a period of rapid appreciation.
The US Federal Reserve (Fed) on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on September 17 and 18. As more details emerge, the growing policy uncertainties brought about by a change in US monetary policy is becoming increasingly unsettling.
While AI has significantly advanced scientific progress, its rapid development has also stirred debates and concerns about the potential risks and challenges, which necessitates the collective efforts and cooperation of the international community.
“Decoupling” from China would serve only the interests of some American politicians but will disrupt the regional and global industrial chains. In the face of such tactics, falling into Washington's narrative trap isn't in line with the interests of other countries, including Mexico.
At a time when the US and its allies are ramping up lithium production, accusing China of excessively supplying lithium is clearly untenable and unreasonable.
Against the backdrop of a global boom in demand for artificial intelligence (AI) semiconductors, Samsung Electronics' fast-growing yet lower-than-expected operating profit for the third quarter offers a window into the practical significance of China-South Korea chip industry chain cooperation.
The US has fabricated the so-called issue of "forced labor," attempting to coerce American companies into joining the bandwagon of suppressing the development of China's Xinjiang region. This is the root cause of the dilemma faced by American enterprises today.
The growth in China's foreign exchange reserves can be partially attributed to short-term factors such as fluctuations in exchange rates and asset prices. However, the sustained high levels and growth rates that exceeded market expectations strongly indicate the stable development of the Chinese economy.
While recent shifts in US trade policy have created opportunities for companies from countries like India to gain greater access to the US solar market, ongoing protectionist challenges confronting the global photovoltaic industry underscore the necessity for collaboration and engagement among key solar industry players, particularly those from China.
Amid the turbulent external market environment, the promotion of regional economic cooperation between China and South Korea for high-end development depends on their ability to resist external interference disrupting regional industrial and supply chains.
Since Nepal's participation in the China-proposed Belt and Road Initiative (BRI) began several years ago, practical bilateral cooperation in various fields has noticeably accelerated, making a contribution to Nepal's transition from "land-locked" to "land-linked" via upgraded transport connectivity.
China is the world's largest new-energy vehicle (NEV) market - and it's growing. As the market grows, the development dividends it brings to multinational enterprises will become more apparent.
Rather than focusing solely on the short-term fluctuations of the exchange rate, investors are advised to pay more attention to the long-term steady trend of the yuan's value and the stable economic development in China that underpins its value.
As certain economies periodically promote the rhetoric of "decoupling" from China - calling for import tariffs on a wide range of Chinese products, from steel to cement - South Korea's plan to import Chinese cement to alleviate the rising cost pressures highlights the critical need for enhanced industrial cooperation.
Some Canadian politicians may not be aware that they are playing a dangerous game, in which the Canadian economy, particularly the country's auto industry, will suffer losses as a result of the irrational synergy with US protectionist trade policies.
While the US has rallied its allies to form a so-called mineral-security alliance under the banner of "breaking China's grip on supplies of critical minerals," this initiative does little to mask its own ambitions and strategic maneuvers aimed at establishing a global monopoly in key mineral sectors.
Trade protectionism and free trade represent two opposing approaches to international trade. It should be noted that, although protectionism has had an unprecedented impact on free trade, the latter has been proven as the easiest and most effective way to stimulate economic growth.
China's steel exports periodically capture the attention of the Western public. While Chinese steel exports to Europe and the US remain limited, Western narratives often emphasize external factors as the primary contributors to their companies' challenges. This perspective may inadvertently distract from the critical and urgent efforts that are truly necessary to address the underlying issues facing the industry.
Chinese electric vehicle (EV) giant BYD's reported plan to build its first EV assembly plant in Pakistan has sparked optimism about Pakistan's prospects to boost EV production and exports. This development signals a strengthening of industrial cooperation, particularly in the context of ongoing upgrades to the China-Pakistan Economic Corridor (CPEC).
For US political elites, some of whom rashly advocate for economic “decoupling,” America's shipbuilding industry should serve as a lesson. It demonstrates that revitalizing US manufacturing requires global cooperation and fair competition, rather than trade protectionism and geopolitical games.
The annual China-ASEAN Expo will be held in Nanning, South China's Guangxi Zhuang Autonomous Region, from Tuesday to Saturday. It will showcase the outcomes of fruitful cooperation between the two major economies and highlight the potential for more in-depth cooperation in emerging sectors such as green energy and AI. The expo has been successfully held for a total of 20 years, and has witnessed the rapid development of the friendship between China and ASEAN.
The recent actions of the European Commission in its electric vehicle tariff trade dispute with China have not only compromised the fundamental principles of international trade but also, when considered in a historical context, contradicted their original commitment to promoting free trade.
Regarding the trade dispute over the EV tariffs started by the European Commission (EC), China has demonstrated ample sincerity to resolve the issue. China approaches the case from the perspective of placing great importance on China-EU economic and trade cooperation, as well as on the China-EU relationship.
Clean energy offers the EU a chance to boost its energy independence and sustainability, but to achieve a real energy transition, the EU needs to demonstrate greater determination to fostering robust clean energy cooperation with China.
It has long been America's desire to revitalize its semiconductor manufacturing capabilities, but it won't be an easy task. Even if Apple's A16 chips are manufactured on American soil at TSMC's Arizona facility, the breakthrough doesn't mean it will be all blue skies and smooth sailing for the redevelopment of the US semiconductor sector.
Western media outlets' attempt to interpret China's grain trade solely through the lens of economic slowdown overlooks China's prioritization of food security and its increasing flexibility in grain trade.
Rapid advancements in artificial intelligence (AI) have the potential to deliver significant and ongoing opportunities for the world's economy. This brings a new chance for mutually beneficial cooperation among emerging economies.
The US' proposed restrictions on the de minimis exemption not only jeopardize the viability of cross-border e-commerce but also risk harming the interests of American consumers and businesses that benefit from these channels.
Global financial markets are poised at a historic juncture, with investors around the world closely watching the coming interest rate decisions from the US Federal Reserve. However, this is unlikely to affect the Chinese economy's ability to develop and grow steadily at its own pace and according to its own planning. Increasingly, investors are recognizing that the resilience China demonstrates in maintaining stable expectations at all times is particularly appealing in volatile market conditions.
China's recent decision to fully open its manufacturing sector to foreign investment and allow more room for foreign capital in its health and medical care sectors has garnered significant global attention.
In recent years, some Western politicians have intensified their rhetoric regarding "China's overcapacity." Meanwhile, some Western nations have embraced trade protectionism, imposing high tariffs on China's burgeoning green industries, such as new-energy vehicles (NEVs), photovoltaics and lithium batteries.
The consumer price index (CPI) in the US, a key gauge of inflation, dropped to 2.5 percent in August, which sets the stage for the Federal Reserve, the country's central bank, to possibly start reducing interest rates at its next meeting on September 17-18.
While the China-US relations may be fraught with complexities and challenges, non-governmental commercial exchanges between the two countries continue to demonstrate remarkable vitality. These economic interactions serve as a vital foundation for fostering mutual understanding and cooperation, ultimately contributing to the development and stability of bilateral relations.
The US is ramping up pressure on South Korea to align with export controls against China, calling for advanced chips like high-bandwidth memory (HBM) models to be provided only to allies, the Korea Herald reported on Wednesday. If the news is true, we advise South Korea to remain sober-minded. It will be a test of Seoul's wisdom to see if it can resist the pressure from Washington and continue to deepen its cooperation with China in the semiconductor sector.
Is India's attitude toward Chinese investment subtly changing? The question has drawn the attention of not only Chinese investors, but also public opinion in some developed countries. It is an interesting phenomenon. In the latest example, it was reported by Japanese media outlet Nikkei Asia that "India edges warily toward accepting more Chinese investment."
With the 2024 China International Fair for Trade in Services (CIFTIS) set to be held in Beijing from September 12 to 16, the opening-up pace of China's services sector has once again become a focus of attention, sparking discussion about its potential implications for global services trade and investment dynamics.
Although policy uncertainty around Chinese EV exports to major markets like the US and Europe continues, the full operation of its Gigafactory in Shanghai indicates the irreplaceability of the China market and supply chain to Tesla.
Taiwan's heavy reliance on a single industry and market for its exports highlights the fragility and substantial risks inherent in its economic structure. The uncertainties in AI chip demand in the US could jeopardize the sustainability of the island's export growth.
The fact that a significant portion of Apple's industrial chain remains anchored in China underscores the country's continued advancement toward high-end production capabilities.
China is supplying the world with low-priced, high-quality rare earths and related products. But there have always been forces attempting to smear China's efforts to boost the normal development of the rare-earth industry for geopolitical and ideological reasons.
The situation surrounding Nippon Steel's proposed purchase of US Steel reveals Washington's disregard for Japan's interests in favor of its own and underscores Japan's shortsightedness and miscalculations in its trade strategy toward the US.
The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) concluded in Beijing on September 6, with both sides vowing to jointly build an All-Weather China-Africa Community with a Shared Future for the New Era, and to pursue modernization and prosperity hand-in-hand.
Agricultural cooperation between China and Africa has greatly enhanced the agricultural production capacity of African countries and transformed the production methods and concepts of African farmers, bringing revolutionary changes to the local agricultural industry.
Lately, some American politicians have again hyped China's "overcapacity," attempting to exert pressure on China and shift the blame of the US' domestic industrial crisis onto China.
Some politicians in the US continue to promote the narrative of “China's overcapacity,” despite it being inconsistent with economic principles and factual evidence. Such irresponsible rhetoric only serves as an excuse for advocating trade protectionism.
As it is the shortest maritime passage linking northeast Asia and western Europe, the development of the Northern Sea Route holds significant implications for trade between China and Russia, as well as between China and Europe.
The US trade deficit surged by 7.9 percent from the prior month to $78.8 billion in July, the highest level in more than two years. Some political elites may still have an irrational fear about a deficit in foreign trade, even though much of their anxiety is unnecessary.
China is increasingly becoming an attractive hub for German companies to carry out research and development (R&D) to remain competitive in both the local and global markets, the South China Morning Post (SCMP) reported on Tuesday, citing a survey released by the German Chamber of Commerce in China. Such studies offer a new perspective for people to see the economic interaction between China and the EU.
Under pressure from the US to further tighten restrictions on exports to China, Japan's concerns about China's potential response appear to be mounting. It will be hard for Japan to avoid bearing the costs if it cooperates with the US in further suppressing China's semiconductor sector.
China CSSC Holdings and China Shipbuilding Industry Corp (CSIC) announced on Monday a plan to merge through a share swap. With market values of hundreds of billions of yuan each, these two prominent shipbuilding companies are set to consolidate into a global industry leader in terms of assets, revenue and order backlogs. This merger will cement China's position as the world's largest shipbuilding country in terms of comprehensive competitiveness.
Options for four nonferrous metals - lead, nickel, tin and aluminum oxide - were listed on the Shanghai Futures Exchange on Monday. This development represents the more complete coverage of options in the nonferrous metal sector in China, offering a more comprehensive risk management tool for industries within this sector, according to Chinese financial news site stcn.com.
It is not surprising to see some Western media outlets again targeting China's green cooperation with Africa, which actually reveals anxiety over China's growing influence in the global energy transition. However, these anxieties will not impede the progress of China-Africa green cooperation.