When Melbourne barista Melinda Elliott had to cut back on casual work shifts this year, she asked her buy-now, pay-later (BNPL) provider, Afterpay, to lower her credit limit. She did not want debt she could not afford to repay.
More Chinese enterprises are embracing the concept of ESG (Environmental, Social, and Governance) as they continue to improve their sustainable development capabilities and respond to the country's goal of reducing carbon emissions.
A slew of listed Chinese Internet giants have unveiled their financial performances report in the third quarter of 2022, which shed light on the accelerated pace of industrial transformations in the country.
Foxconn's plant in Zhengzhou, a major center for iPhone production, launched three notices in a new round of mass recruitment this week, offering incentives such as higher bonuses for new candidates and referrals as the plant ramps up to full capacity, the Global Times learned.
A Chinese startup has launched the country's first nondestructive probe electrical measurement platform dedicated to the production of quantum chips in Hefei, capital of East China's Anhui Province, the Science and Technology Daily reported on Wednesday.
The relations between China and the UK are at a crossroads after UK Prime Minister Rishi Sunak announced in his first foreign policy speech on Monday that the "golden era" of UK-China relations is over. Calls for a potential decoupling with China are on the rise among British politicians, which is particular evident in the high-tech sectors such as semiconductors and nuclear power. The Global Times (GT) recently conducted in an interview with Lord Neil Davidson (Lord Davidson), Shadow Treasury Minister for the Labour Party of the UK and member of the House of Lords, who shared his insights on the China-UK relations, UK's policy direction toward China and the development of China-propsed Belt and Road Initiative within the European bloc.
Many companies in Guangzhou, South China's Guangdong Province are actively preparing to resume work and production after the local government announced optimized anti-epidemic measures and vowed to stabilize overall economic development.
The tech giant Baidu Inc Tuesday announced plans to build the world's largest autonomous ride-hailing service area in 2023. The announcement came during a celebration of Apollo Day, Baidu's autonomous driving tech event.
The State Post Bureau (SPB) of China on Tuesday refuted a market rumor of large area suspension of logistics sector, noting that the current operation is running normally.
"Grab a coffee" now seems to become an omnipotent invitation among Chinese consumers, from meeting the social demand for basically all scenarios to refreshing the mind for hard workers all at a sip.
China's National Health Commission (NHC) vowed on Tuesday to continue stepping up supervision of nucleic acid testing firms and will severely punish illegal activities like giving false results, following some individual nucleic acid testing fraud cases that have attracted nationwide attention.
US electric vehicle giant Tesla has reportedly joined a semiconductor joint venture (JV) in China, ramping up its activity in the automotive semiconductor sector as demand for new-energy vehicles (NEVs) soars in the world's largest auto market.
China's brain-computer interfaces (BCI) development has gained marked progress, according to an industry insider, as domestic firms continue to churn out products and services in the emerging field that could be worth of trillions of dollars over coming decades.
A Shenzhen-based gene technology firm has come under fire after an on-site inspection by local authorities in Lanzhou, Northwest China's Gansu Province revealed inconsistencies in the nucleic acid test results provided by the firm's testing subsidiary.
The first convertor transformer using China-made on-load tap changers have successfully been put into operation on Sunday at a crucial west-to-east power transmission project located in South China's Guangdong Province, according to a report published by xinhuanet.com.
China-imported natural gas via China-Central Asia Gas Pipeline has surpassed 40 billion cubic meters as of now in 2022, according to the monitor of West Pipeline Company under the China Oil & Gas Pipeline Network Corporation (PipeChina) in Khorgas City, Northwest China's Xinjiang Uygur Autonomous Regions, China News Agency reported on Monday.
Foxconn's Zhengzhou plant in Central China's Henan Province launched new bonus plans for its existing workers with high attendance rate, and relevant allowance plans to attract its former employees to come back working, its latest notices showed. Such efforts followed bonus plans in the beginning of November, which analysts said the company aims to resume capacity as soon as possible amid COVID-19 outbreak.
With winter grain sowing across China surpassing 99 percent of the total, experts said on Sunday that the smooth sowing this season has laid a solid foundation for next year's harvest, contributing to the global food security while facilitating economic growth despite the downward pressure.
The US Federal Communications Commission (FCC) on Friday banned five Chinese firms from selling telecom equipment in the US, citing the catch-all excuse of "national security," a move that Chinese experts warned will only hurt the global value chain and it will backfire.
Cosmetics group L'Oréal apologized after the company's newly launched beauty brand said in its marketing promotions calling the 24 solar terms of traditional lunar Chinese calendar as “Asian” wisdom, drawing complaints from some Chinese web users.
The Tarim Oilfield, operated by the China National Petroleum Corporation (CNPC), China's leading oil and gas producer, has produced 6.6 million tons of crude oil so far this year, a record high, China Media Group (CMG) reported on Sunday.
The US Federal Communications Commission (FCC) on Friday banned five Chinese firms from selling communications equipment in the US, citing the catch-all excuse of "national security," a move Chinese experts warned will only hurt the global value chain and will definitely backfire.
The shield tunnel for the extension project of the Hengqin Line connecting Macao Special Administrative Region to Zhuhai in South China's Guangdong Province was completed on Friday, marking a further step in making Macao part of the "one-hour living circle" in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
A research groups made up by Chinese scientists have proposed an innovative dating method for complex fluvial deposits, bringing a new perspective to the understanding of the Qinghai-Tibet Plateau on various timescales, according to Lanzhou University.
A group of Chinese scientists has developed a kind of micro-robot powered by ion exchanges to remove microplastics and nanoplastics (MNPs) from water, according to Jinan University, one of its developers.
Apollo Go continued to progress rapidly and remained the largest autonomous ride-hailing service provider worldwide, Chinese tech giant Baidu said on Tuesday, highlighting the robust development of China's automated driving technology.
Liu Lijia takes a break from her computer screen in Beijing and places two orders on her mobile phone, one for herself and another for a friend in the southern city of Guangzhou some 2,200 km away.
Over the past week or so, the world, which had been mired in escalating geopolitical tensions that seriously threatened global peace and development, saw some much-needed relief. At the recently concluded G20 summit in Bali, Indonesia and then the APEC leaders' meeting in Bangkok, Thailand, many world leaders sat down face-to-face for the first time since the start of the COVID-19 pandemic and talked about how to better develop bilateral relations and jointly tackle global issues. Among the dozens of bilateral meetings took place at the two occasions, those between many Western leaders, including the US, French and UK leaders, with the Chinese leader were especially encouraging for many who had been worried about tensions.
Phase III of Bangladesh's network infrastructure project, built by Chinese companies, was completed on Tuesday. A celebration ceremony was held in Bangladesh's capital Dhaka. The project aims to develop the country's information and communication technology (ICT) sector.
Hon Hai Technology Group (Foxconn) apologized on Thursday for a technical error that caused changes in employees' subsidy policies, after some online videos showed that some disappointed workers protested in its plant in Zhengzhou, Central China's Henan Province.
The Chinese market is highly advanced and companies have to accelerate the pace of their innovation, said Dirk Hilgenberg, CEO of CARIAD, an automotive software company under Volkswagen Group, in an interview with the Global Times. Hilgenberg was speaking after the largest single investment in China's chip industry.
Chile Week, the largest promotional event of the Chilean products in China, celebrated its seventh edition at the Chilean Embassy in Beijing on Tuesday, an important milestone for bilateral trade ties, which have blossomed under the two-way Free Trade Agreement (FTA), the first of its kind between China and a Latin-American country, combined with the comprehensive strategic partnership between the two countries.
China's home-developed 16-megawatt offshore wind turbine rolled off the production line in East China's Fujian Province on Wednesday. The turbine boasts the world's largest single-unit capacity and biggest impeller, marking a breakthrough in high-end research and manufacturing to reach world-class levels.
The Netherlands will defend its economic interests when it comes to the sales of chip equipment to China, a senior Dutch official said, sending a strong signal that the European country - home to world-leading chip company ASML - will not cave in to the US coercion despite the latter's stepped-up pressure.
With this year marking the 30th anniversary of the construction and development of Beijing's Financial Street, officials at this year's Financial Street Forum charted a course for the capital's future position as national financial management center in the new era, prioritizing the establishment of a multi-tiered capital market and developing a modern financial industry.
The Shanghai and Shenzhen stock exchanges have said they will closely review domestic nucleic acid testing firms' IPO application and strictly vet their application materials, including their operational sustainability.
Chinese express conglomerates are facilitating business expansion overseas, with members of the Association of Southeast Asian Nations (ASEAN) being the major destination, amid wide expectation for a stronger regional cooperation for a more stable and secured supply chain.
The People's Bank of China (PBC), the central bank, and other seven government departments co-issued a document on Monday on setting up five financial experimental zones for technological innovation in Shanghai and four nearby cities in the Yangtze River Delta region.
Some requests of Blizzard Entertainment in renewing its license contract are "unacceptable," as it involves critical cooperation agreement concerning sustainable operation and the core interests of Chinese players and market, Netease CEO William Ding Lei said, in response to the ending of the two gaming giants' 14-year licensing agreement.
After about six months, India has reversed tariff hikes on exports of low-grade iron ore and other related products. Chinese experts said that the move is taken to ease domestic oversupply in India.
Chinese new-energy vehicles (NEV) companies have been spearheading into Southeast Asia (SEA) at an unprecedented speed since the beginning of the year, from exporting NEVs, setting up assembling factories to providing localized services. In a vehicle market historically dominated by Japanese automakers, things could be quite different now, as Chinese entrants are reshaping the competitive landscape with a variety of affordable, high-tech EV models.
The police department in Shangqiu, Central China's Henan Province recently cracked down on a non-fungible token (NFT) collection scam case involving more than 2.65 million yuan ($372,196.24), the Chengdu Economic Daily reported on Sunday.
US credit rating firm Moody's Corp has vowed to maintain a strong presence in China after reports exposed the downsizing of its China consulting business that implicated layoffs of around 100 people.
China's gaming regulator on Thursday announced the approval of publishing licenses for 70 online games in November, including ones belonging to internet giants Tencent and NetEase.
Alibaba saw a 3 percent annual rise in revenues in the third quarter of 2022, according to its financial results released on Thursday.
The cooperation between Chinese gaming company NetEase and US-based Blizzard Entertainment in the Chinese mainland will be suspended on January 23, 2023 due to the expiration of licensing agreements, the two companies announced on Thursday. Shares in Hong Kong Stock Exchange listed NetEase had fallen 9.051 percent by press time on Thursday evening.
Chinese new-energy vehicle (NEV) company BYD announced on Wednesday that it has produced and delivered 3 million NEVs, making it one of the first automakers in the world to hit this sales milestone, which speaks volume for China's auto manufacturing prowess and the country's accelerated push toward a greener economy.
The UK on Wednesday took a U-turn by blocking a Chinese company's acquisition of an indebted semiconductor wafer factory there. Experts said the UK government's political intervention in a business deal casts a shadow on its economic engagement with China which won't benefit the British economy.
The trial operation of the Jakarta-Bandung High-speed Railway (HSR) was completed on Wednesday, with the results from a comprehensive trial run of the rail line showing good performances, China Railway International Co announced. It is expected that the railway will be put into commercial operation in June 2023.
Chinese private aerospace venture Galactic Energy Space Co successfully launched the Ceres 1 (Yao 4) carrier rocket from the Jiuquan Satellite Launch Center in Northwest China's Gansu Province on Wednesday afternoon, successfully placing five commercial satellites into a solar synchronous orbit.
China National Offshore Oil Corporation's (CNOOC) oil fields in southern Iraqi province of Maysan broke the benchmark of 300,000 barrels of daily crude oil production, equivalent to about 45,000 tons, reaching the maximum output level, which demonstrates the success of China-Iraq energy cooperation under the Belt and Road Initiative, CNOOC told the Global Times on Wednesday.
A 500,000-kilowatt (kW) offshore wind power project successfully achieved the grid connection of 78 turbines in South China's Guangdong Province, marking the nation's first affordable offshore wind power project to achieve full capacity and grid connection, stcn.com reported on Wednesday.
After the Chinese authorities announced plans to resume inter-provincial travel with 48-hour negative coronavirus test results, searches for flight tickets nearly doubled at online travel agencies and the stock prices of listed tourism companies rose.
The new-energy shuttle vehicles sponsored by SAIC-GM-Wuling Automobile (SGMW), a joint ven-ture based in Liuzhou, South China's Guangxi Zhuang Autonomous Region has attracted lot of atten-tion at the ongoing 17th G20 summit, which kicked off on Tuesday in Bali, Indonesia.
Chinese internet giants are considering adding more head counts as major US technology companies take aggressive steps to slash their payrolls, the Global Times has learned.
Chinese President Xi Jinping proposed the 21st Century Maritime Silk Road - an important component of the Belt and Road Initiative (BRI) - back in 2013 during a state visit to Indonesia. The alignment of the proposal with Indonesia's Global Maritime Fulcrum strategy has witnessed robust growth of bilateral economic cooperation in recent years, demonstrating great resilience and vitality. China has become the largest trade partner for Indonesia for nine consecutive years, while Chinese enterprises' investment has made remarkable contribution to local development.
The cotton harvest in Northwest China's Xinjiang Uygur Autonomous Region has largely completed, with above 90 percent of regional cotton having been picked, the Xinjiang Daily reported on Tuesday.
China Southern Airlines had a chartered flight from Guangzhou in South China's Guangdong Province to Singapore on Monday, carrying 160 entrepreneurs heading for Cosmoprof Asia 2022.
Multiple eye-catching Chinese elements are seen at the 17th G20 summit, which will kick off on Tuesday in Bali, Indonesia, including new-energy shuttle vehicles sponsored by SAIC-GM-Wuling Automobile (SGMW), a joint venture based in Liuzhou, South China's Guangxi Zhuang Autonomous Region, Global Times reporters observed at the site of the summit on Monday.
From November 14 to 17, Chinese President Xi Jinping will attend the G20 Summit in Bali, Indonesia. Back in a 2013 visit to Indonesia, Xi proposed that the two countries jointly build the 21st Century Maritime Silk Road, which together with the Silk Road Economic Belt, makes up the Belt and Road Initiative (BRI). Since then, BRI has been advancing at a remarkable speed, playing an increasingly crucial role in supporting the economic development of ASEAN, the world's fifth largest economy.
A Chinese solar company told the Global Times that it is in the process of providing "supplementing evidence" to US customs, with "no single shipment" getting cleared, after foreign media reported that the US has detained more than 1,000 shipments of solar products made in Northwest China's Xinjiang Uygur Autonomous Region at its ports.
China accelerated investment in water conservation projects this year, with a total investment of 921.1 billion yuan ($130 billion) in the first 10 months, a record high, the Xinhua News Agency reported on Sunday.
As cargo trade between China and Vietnam has witnessed a rapid growth in recent years, the decision by the two neighboring countries to speed up railway connectivity is set to bring a tremendous lift to cross border as well as transit goods trade between the duo and countries beyond, said Chinese railway experts and industry insiders.
Tesla responded to a vehicle accident which led to two deaths and three injuries in Chaozhou, South China's Guangdong Province on Sunday, saying that the accident video matches the background data, and that local police are seeking to restore the accident through identification from a third-party agency.
From highly popular leggings to water bottles, China's Double 11 festival, the country's most important online shopping spree, saw increased participation this year of consumers from Europe, North Africa and Latin America, indicating that the festival has become a global shopping event and its overseas spillover effect continues to be unleashed.
An official from China's Ministry of Industry and Information Technology (MIIT) said that financing for virtual reality (VR) industry across the nation saw 100 percent year-on-year increase in 2021, and the ministry plans to set up a national-level manufacturing center to boost the sector, CCTV reported on Sunday.
Foxconn's Zhengzhou plant, a major production base for iPhone products, is scrambling with the mass recruitment in restoring production capacity, with some 10,000 new workers needed for its manufacturing operations, while the factory is continuing to do a good job when it comes to dynamic epidemic prevention and control under government regulations and support, the Global Times has learned from two sources close to the company's recruitment team.
Embraer announced on Thursday that the E190-E2 single-aisle passenger aircraft has received the Type Certificate issued by the Civil Aviation Administration of China, China's civil aviation regulator, which will help it tap the aviation market in second- and third-tier cities.
China's largest chipmaker Semiconductor Manufacturing International Corporation (SMIC) said while releasing its third quarter financial results on Thursday that it is still full of confidence in the company's medium-to long-term development and it stressed the need for patience amid the US crackdown on China's chip sector and weak demand in the consumer market.
After "low-carbon" became a keyword at the China International Import Expo (CIIE) last year, foreign companies have rushed to the 5th CIIE this year to showcase their latest technologies, solutions and ideas on environmental protection and carbon emissions reduction, which has become a rapidly growing industry in China.
More Iranian companies have participated in the 5th China International Import Expo (CIIE) in Shanghai to promote their products and brands through the platform, as people-to-people exchanges between China and Iran have been connected by the Silk Road since ancient times, an Iranian diplomat said.
The launch of a new metaverse research institute was announced in Shenzhen, South China's Guangdong Province, during the 2022 Global Metaverse Conference, which runs from November 10 to 11. The institute will help to accelerate innovation and support local policymakers, the Shanghai Securities News reported on Thursday.
Global companies in the integrated circuit (IC) sector continued to rush to display their latest technologies at the 5th China International Import Expo (CIIE) in Shanghai, where a designated display zone was set up for ICs for the second consecutive year, underscoring growing foreign firms' confidence in China's IC market despite the US' strengthened blockade and calls for decoupling.
Amid the tide of the digital economy, Chinese internet giants are seeking new growth momentum with the integration of data with real economy to foster the stable and healthy development of the sector. Experts said that China will become a major driver for global digital economy on the back of vast domestic market, complete industrial system and high internet penetration.
The presale of China's biggest shopping festival which kicks off on November 11 each year is coming to an end after kicking off on October 20. Multiple e-commerce platforms and retailers recorded strong revenue figures during the presale period while also observing new trends among consumers.
The fifth China International Import Expo (CIIE) pulled down curtain on Thursday in Shanghai, with $73.5 billion worth of tentative trade deals inked, up 3.9 percent compared with the previous expo, Sun Chenghai, deputy director of the CIIE Bureau, said at a press briefing on Thursday.
China National Petroleum Corporation (CNPC) and Petrobras have successfully tested the first exploratory well in a deep-sea offshore exploration block in the Santos Basin, Brazil, the Well Gura-1, marking the latest achievement in China-Brazil energy cooperation.
The German authorities on Wednesday local time took a sudden turn-about by prohibiting a Chinese chip firm's acquisition in Germany. Experts said the move reflects the internal discord within the German government, urging the German side to increase understanding of China and the Chinese market in order to elevate its global competitiveness.
Australian companies are actively participating in the ongoing 5th China International Import Expo (CIIE) in Shanghai, the world's biggest import fair with some new deals inked, amid growing diplomatic interactions between the two countries.
More and more enterprises from China's Taiwan island are attending the China International Import Expo (CIIE) in Shanghai in pursuit of business opportunities in the Chinese mainland with the support of central authorities. At the ongoing 5th CIIE, many Taiwan firms drew great interest from mainland consumers and some even inked sizable deals.
Airbus on Wednesday announced the commissioning of the first A321 aircraft to be assembled at its Final Assembly Line Asia (FAL Tianjin) in North China's Tianjin Municipality.
A trial section of the Jakarta-Bandung High-Speed Railway (HSR) in Indonesia, a landmark project under the Belt and Road Initiative (BRI), launched a key test on the catenary to test electricity supply to the locomotive on Wednesday, as the project is nearing actual operation, China Media Group reported.
A spokesperson from the Chinese Foreign Ministry said China opposed moves to politicalize normal bilateral business cooperation, and all forms of protectionism in the name of national security, responding to a media question that Germany may stop an acquisition deal between a Chinese company and a German one.
Supported by the People's Bank of China (PBC), China's central bank, the utility of the instruments for private enterprises' bond financing, also known as "the second arrow," will be expanded to boost the financing of the country's private enterprises, including property developers, the National Association of Financial Market Institutional Investors (NAFMII) announced on Wednesday.
Chinese President Xi Jinping met Tanzanian President Samia Suluhu Hassan on November 3 in Beijing where the two leaders agreed to upgrade bilateral relations to a comprehensive strategic cooperative partnership. Hassan is the first African head of state received by China after the 20th National Congress of the Communist Party of China, and the visit fully demonstrated that closeness of China-Tanzania relations and the important status of China-Africa ties in China's overall diplomacy.
US chipmaker Nvidia's new advanced chip A800, which complies with the US' export restrictions, is being sold on Chinese e-commerce platforms. It marks a fresh move by the company to sustain growth in the world's largest chip market, underscoring US chipmakers' dependence on China despite the Biden administration's push for “tech decoupling”.
China's three richest people remain unchanged in 2022, with Nongfu Spring CEO Zhong Shanshan topping the list for the second time, followed by TikTok founder Zhang Yiming and CATL founder Zeng Yuqun, according to the China Rich List conducted by the Hurun Research Institute in association with baijiu brand Hengchang Shaofang.
China's Ministry of Industry and Information Technology and other three top regulators issued a document outlining regulation for carbon emissions in the construction-material sector, a further step targeting an industry wide carbon emissions peak by 2030.
Some 39 buildings of the No.2 Island of the Ocean Flower Island, an artificial archipelago in Danzhou, South China's Hainan Province developed by China's debt ridden Evergrande Group will be repurposed, according to a notice seeking public comments published by the local government.
China State Shipbuilding Co (CSSC), the world's largest shipbuilding conglomerate, has inked fruitful deals with international partners at the ongoing China International Import Expo (CIIE) in Shanghai, with a total value of $450 million, a big jump of 205.5 percent year-on-year.
As the US' escalating crackdown has been extending to more sectors from hardware to software, domestic software industry participants, eagerly gathering at a major industry event during the weekend, are vowing to construct a self-reliant ecosystem and a digital base that could be immune to any further foreign sanctions in the future.
China's Ministry of Industry and Information Technology (MIIT) on Monday announced the approval of setting up three national manufacturing innovation centers, with one focusing on grapheme, one on virtual reality (VR) and the other on ultrahigh-definition video.
China's outbound foreign direct investment (OFDI) grew 16.3 percent year-on-year to reach $178.8 billion last year, ranking the third in the world for 10 consecutive years.
China-Russia trade continued to record marked growth in October, with total import and export volume reaching $17.64 billion, a year-on-year increase of 26.1 percent, China's General Administration of Customs (GAC) said on Monday.
The Cyberspace Administration of China (CAC) has encouraged Huawei to make breakthrough in core technologies to accelerated the independence and innovation of top technologies under the guidelines of the 20th National Congress of Communist Party of China (CPC), according to an article published on the official website of CAC on Sunday.
In addition to Afghan pine nuts, which have won increasing popularity in the Chinese market, more products including figs, raisins, carpets and ornaments from Afghanistan are put on show at the ongoing fifth China International Import Expo (CIIE), eyeing a larger market share through the platform.
The four-leaf clover-shaped National Exhibition and Convention Center once again is welcoming visitors from around the world during the ongoing fifth China International Import Expo (CIIE) in Shanghai. Visitors are attracted by the wide range of imported goods. There are also international luxury brands, all of which are trying their best to innovate from design concepts to product materials to engage with younger consumers.
The per capita import of consumer goods in China has doubled during the past decade, and China has been ranking as the world's second largest import nation for 13 consecutive years, according to a report jointly issued by Nanjing University and Beijing Normal University on Friday.
Chinese telecommunications firm Huawei is now eying a bigger "Harmony World" as its self-developed HarmonyOS has gradually "developed into a mature ecological base" after four years of development, company chairman Yu Chengdong said on Friday.
The Global Times learnt about the Tiffany price rise on Thursday, with staff saying that the price of diamond ring products will increase from Friday. No reason was given and the scale of the price rise was not disclosed, but media reports said prices of Tiffany products globally will rise by 20 to 59 percent.