China's first hydrogen fuel cell powered 500-kilowatt-service vessel was put into service recently in Zhongshan, South China's Guangdong Province, marking a breakthrough in the application China's hydrogen technology in the marine sector, China Media Group reported on Tuesday.
A ceremony for the resumption of the Simandou mining project, the world's largest undeveloped iron ore deposit, took place on Saturday, the Guinean government announced on Sunday, meaning the project has officially entered into substantive development after a one-year suspension.
Hyundai Steel, South Korea's second-largest steelmaker, moved to sell its Beijing unit after years of sluggish sales. The decision was in line with expectations considering the downsizing of South Korean made cars in the Chinese market as well as fiercer competition from Chinese steelmakers, experts said.
The first batch of 1,780-kilogram oranges originated in Iran was imported to China by air via Shanghai Pudong International Airport, Chinese media outlet thepaper.cn reported on Sunday citing Shanghai Customs, as the two countries further expand bilateral trade in agricultural products sector.
Several prominent Chinese entrepreneurs over the weekend expressed their confidence that Chinese companies will eventually catch up with ChatGPT, the artificial intelligence (AI)-powered chatbot developed by US-based OpenAI, while noting the vast potential for the AI chatbot sector in the future.
China and Japan have agreed to strengthen cooperation in minerals, semiconductors, batteries and other “strategic areas” on Saturday, a move aiming to “better cope with China's growing influence and global security concerns,” according to a report from the Associated Press (AP) on Saturday.
About 3.6 percent of the spring sowing across China has been completed, about the same pace as last year, the China Media Group reported on Sunday, citing data from the Ministry of Agricultural and Rural Affairs (MOA).
China has discovered a super-large gold mine deposit, the Xilaokou gold mine deposit in Rushan, East China's Shandong Province with an estimated reserve of 50 tons gold, CCTV reported on Saturday.
China's Ministry of Finance (MOF) announced on Friday a financial punishment involving a fine of 800,000 yuan ($116,227) for China Huarong Asset Management and a fine of nearly 212 million yuan for its auditor Deloitte along with other legal punishments, after an investigation uncovered illegal activities including audit deficiencies.
Chinese autonomous driving companies including Baidu and Pony.ai have been granted the first-ever permits to provide fully driverless ride-hailing services in the Chinese capital Beijing. This marks a major milestone worldwide, as it is the first-ever fully driverless fleet to be deployed in the capital city of any country.
The UK government should respect objective facts, abide by the rules of the market economy and the principles of fair competition while refraining from generalizing and abusing the national security concept, Chinese Embassy in the UK said in a public statement posed on its official WeChat account on Thursday evening.
Shares of Chinese banks largely rallied on Thursday, despite evolving bank woes in the US and Europe, following the distress of Credit Suisse that day before, which sent a shock wave across global markets.
The US has failed to provide any evidence that TikTok poses a threat to US national security, and it should stop spreading misinformation and unreasonably suppressing relevant firms, the Chinese Foreign Ministry urged on Thursday.
Market regulators in various Chinese cities and related ministries have moved to act against companies which have been exposed to have infringed consumers' rights during an annual consumer rights protection gala held on Wednesday, the World's Consumer Rights Day.
The market regulator in Beijing's Chaoyang district initiated an investigation into three Blue Frog bar & grill restaurants in the area on Wednesday which also marks the World Consumer Rights Day. This followed a media report revealing inappropriate kitchen operations that raised concerns about food safety at one of the stores located in U-Town Mall.
The tiger, one of the Chinese zodiacs, whose mighty power and spirit are broadly adored in the country, has the implied meanings of power, courage, wisdom and physical health - used for "dispelling evil" in traditional Chinese culture.
The Chinese government has decided to resume visa-free entry for cruise passengers entering Shanghai, effective Wednesday, and make other adjustments to its visa and entry policies for overseas travelers, according to notices from multiple Chinese consulates and embassies.
Following the shockwaves from the collapse of Silicon Valley Bank (SVB) weighed on global bank stocks, China's stock indexes also dipped on Tuesday due to negative sentiment in global financial markets, but experts said that the country's capital market will quickly stabilize, supported by China's strong economic recovery and measures to stave off financial risks.
Property developers from the Hong Kong Special Administrative Region (SAR) are planning to invest more in the Chinese mainland market, as the mainland sees promising economic recovery after emerging from COVID-19 and the predicament of its debt-saddled real estate sector starts to ease, industry analysts said on Monday.
China's BeiDou Navigation Satellite System (BDS), which has played a dominant role in the domestic navigation sector, has become a new economic and social driver as the system is widely adopted in core sectors ranging from shipping to agriculture, the China Satellite Navigation System Management Office said.
China's economic rebound is foreseeable, with growth of about 5 percent fully achievable, backed by multiple factors including a strong domestic consumption revival in the first quarter of 2023, Kang Yi, head of the National Bureau of Statistics (NBS), told a press conference during the two sessions, on Sunday.
Some Chinese enterprises that have business ties with US-based Silicon Valley Bank (SVB) said that they have so far seen limited impact from the bank's dramatic bankruptcy, but some analysts warned about risks posed by SVB's collapse for global financial markets.
Recently, automakers in Hubei Province, Central China, launched what experts said the most drastic car promotional drive in history.
Foreign companies and trade chambers interviewed by the Global Times said they are optimistic about their business opportunities in China, as officials at the two sessions reiterate efforts to attract and utilize foreign investment, especially in the fields of green development and technological innovation.
China should accelerate the development of drones and related unmanned technology, and improving global competitiveness of China's unmanned sector, according to members of the Chinese People's Political Consultative Conference (CPPCC).
China National Nuclear Power Co (CNNC) recently unveiled its 2023 investment blueprint, worth of 80.02 billion yuan ($11.58 billion), which is a near 60 percent of year-on-year increase, also marking the highest annual investment since it was listed on the stock market.
Audi AG CEO Markus Duesmann, one of the first CEOs of a large global firm to have visited China since the optimization of epidemic control measures, said he was very confident in the strong growth potential of the Chinese market.
China will resume outbound group tours for Chinese citizens to another 40 countries including Nepal, Vietnam, Iran, France, Spain, Italy, Greece and Brazil starting from March 15, China's Ministry of Culture and Tourism announced on Friday. It is the second batch of destinations in China's pilot program for out-bound group tours, after the country resumed cross-border group tours to the first batch of 20 countries and regions on February 6.
One of the world's first seawater lithium extraction projects and also the first of its kind in China was agreed on in Qingdao in East China's Shandong Province on Wednesday, marking an important step in facilitating China's lithium self-sufficiency.
The optimization of the functions of the Ministry of Agriculture and Rural Affairs (MOA), under China's State Council institutions reform plan, is an important step in improving capacity and efficiency of governance, and will bring new opportunity to China's rural revitalization and agricultural science innovation, experts said.
One of the three Chinese mining companies that were asked by the Canadian government to sell their stakes in Toronto-listed lithium companies told the Global Times on Thursday that it has already sold its stake, while another said it was preparing to unload its stake as well. Both companies said they would use caution in future investment in Canada given the risks.
Following the recent release of an institutional reform plan that includes the establishment of a national financial regulatory administration, multiple deputies and members at the ongoing two sessions including Yi Gang, governor of the People's Bank of China (PBC), China's central bank, noted that the reform will further strengthen China's financial supervision.
China's air transportation volume will more than double by 2035 due to the rapid recovery of the civil aviation industry, said Li Yangmin, a member of the 14th National Committee of the Chinese People's Political Consultative Conference and the general manager of the China Eastern Airlines.
By continuing to give top priority to development in 2023, China will ramp up efforts to expand domestic demand, improve the business environment for private companies and prevent financial risks, among others, the Financial and Economic Affairs Committee of the 14th National People's Congress (NPC) suggested on Thursday.
A deputy to the 14th National People's Congress (NPC) proposed the government draft guidelines on building domestic industrial chains that serve foreign trade and investment, deepening the combination of Chinese industrial advantages together with the global market players to better cope with risks and headwinds, Chinese media thepaper.cn reported on Thursday.
Deputies and members at the ongoing two sessions hailed China's move to form a national data bureau, and said that the move is “a response to the requirements of the digital China strategy” and will improve China's data security.
A Chinese agricultural tycoon has stressed the urgency of making further advances in livestock breeding by tapping digital technologies and biotechnologies and scaling up the agricultural value chain.
As one of the strategic energy categories of China's green transformation, hydrogen is playing a bigger role. Yet the management mechanism of the energy source and relevant infrastructure still need to catch up quickly to boost the nascent sector, industry observers said.
The Shanghai Gold Exchange (SGE) said on Wednesday that media reports claiming that “Perth Mint sold diluted gold bullion to SGE” deviates from the truth, said a statement from its official WeChat account.
China National Offshore Oil Cooperation (CNOOC) announced on Wednesday that the last two component modules among a total of 35 contracted modules for Canada LNG (liquified natural gas) project were delivered in Qingdao, East China's Shandong Province.
China's Ministry of Natural Resources (MNR) announced on Monday plans to phase in a standard map system serving the application of self-driving vehicles by 2025, a move to develop China's fast-developing smart vehicles and related industries in real scenarios.
The Japanese government eased cross-border travel restrictions for people entering from the Chinese mainland from March 1. Testing will be changed to random testing, and passengers from Macao and Hong Kong will no longer need a nucleic acid negative certificate.
From Legoland to Shanghai Disney Resort, international theme parks are accelerating their moves into China, eyeing the consumption potential of the world's second-biggest market for theme parks, in another sign that the country is reviving after the pandemic.
An official from the National Development and Reform Commission (NDRC), China's top economic planner, said that the larger economic gap between China and the US was largely due to higher US inflation, which swells its nominal GDP volume.
Amid Chinese travelers' rising desire for outbound tours, travel agencies have ramped up efforts to provide more targeted products to cope with a continuous boom in market demand, as multiple countries and regions have recently relaxed entry restrictions for Chinese tourists.
China's new-energy vehicle (NEV) sector, securing the world's top ranking in terms of output and sales for eighth consecutive year in 2022, has been put under the media spotlight in the world, which will continue to be a strong driving force in China's quest for green development.
Chinese genetics giant BGI Group told the Global Times on Sunday that it “disagrees with” a latest US move to slap export restrictions on some of its units and will keep active communications with relevant parties to ensure a fair and just treatment.
China projects its 2023 grain output at 650 million tons, basically the same level with 2022, which will be the ninth year that grain output benchmark will be met since 2015.
A senior executive of Volkswagen (VW) visiting the SAIC Volkswagen joint venture plant in Xinjiang and stating that there is no evidence of human rights violations or forced labor, despite pressure, has sent a clear signal that the European Union's (EU) business community is positive on investing in China, according to a Chinese expert.
China has the largest population and labor force among developing countries, with the demographic of young workers showing stable growth. This year, 16.62 million new workers need to find jobs in urban areas, the largest number in years, a Chinese official said on Thursday.
The announcement by global electric vehicle (EV) giant Tesla that it is creating a permanent magnet electric vehicle motor with zero rare earth elements led to a rout of relevant company shares in China, a major global supplier of the material.
China will study and promote the reasonable reduction of the “negative list” for foreign investment, further relax restrictions, while ensuring the “national treatment” for foreign investors amid the nation's pledge to pursue a higher level opening-up, Commerce Minister Wang Wentao said in Beijing on Thursday.
Chinese state-owned oil major CNOOC announced on Wednesday that it has discovered a new oilfield in the Bohai Sea, with reserves of 100 million tons.
The pomp of US membership-only supermarket Costco more than three years ago when it opened its first store in Shanghai is to re-emerge in a few days, as it is about to open its second store in the city on March 10 that has already attracted more than 80,000 members before official opening, one of the company's senior executives said on Wednesday.
Chinese firms have had a strong presence at the ongoing 2023 edition of the Mobile World Congress (MWC) in Barcelona, a major telecom industry event which brings together the world's leading telecom operators and equipment manufacturers. Chinese companies ranging from state-owned telecom operators to smartphone vendors such as Huawei and Xiaomi are at the four-day event.
On a chilly Wednesday morning, hundreds of trucks loaded with multi-colored containers queue in front of a 363-meter-long ship docked at a terminal at the Qingdao port, East China's Shandong Province, forming a line that stretches for more than 200 meters.
In late 2022, Bright Future, a Chinese television series that recounts the stories of grassroots officials tirelessly leading locals in the fictional Guangming County to prosperity, went viral in China. The series was so popular that it sparked widespread interests and a search for the "real place" in China that inspired the story.
Many US companies still find the Chinese market an attractive investment destination, with a large majority of them saying they have no plans to relocate operations elsewhere, though increasing rivalry between the world's two largest economies casts shadows over bilateral ties, a survey by the American Chamber of Commerce in China (AmCham China) revealed Wednesday.
Korean airlines hope to increase the number of flights to China as South Korea decided to lift a post-arrival test requirement for travelers from China from March 1 as the COVID-19 situation has stabilized.
United Airlines has confirmed to the Global Times that its flights between the US and the Chinese mainland will not increase, given the current directive from the US Department of Transportation (DOT).
Chinese state-owned enterprise Sinopec has developed an innovative product to help achieve a better harvest of cotton, a major economic plant in Northwest China's Xinjiang Uygur Autonomous Region.
A project with the world's first on-land GST membrane full containment liquid natural gas (LNG) storage tank located in Hejian, North China's Hebei Province, was officially delivered after 100 days of trial operation, further optimizing local clean energy structure, Hudong-Zhonghua Shipbuilding (Group) Co, one of the builders of the storage tank, told the Global Times on Sunday.
Chinese short-video app TikTok has recently come under the spotlight in what could be a fresh wave of the US-led political witch hunt against Chinese technology companies, after the EU Commission announced it was suspending the use of the social media app while the Canadian government launched a probe into it over so-called data security issues.
US Commerce Secretary Gina Raimondo said in a public speech that the US has adopted two strategies – an offensive one and a defensive one – to tackle China's competition in the chip industry, outlining its approach in containing China's high-tech rise amid an increasingly intense rivalry between the world's two largest economies.
Some of four biggest international accounting firms – PwC, KPMG, Ernst & Young and Deloitte & Touche – have won bids to provide accounting services to China's state-owned enterprises (SOEs) in recent days, the Global Times learned on Friday, which stands in part contrast to certain media reports claiming Chinese authorities have urged SOEs to “phase out” using the “big four,” citing concerns over data security.
The Global Sovereign Debt Roundtable is set to be launched in Bengaluru on the sidelines of the G20 meeting of Finance Ministers and Central Bank Governors (FMCBG) which will be held on Friday and Saturday. The meeting will bring in key stakeholders to discuss issues that have been impeding a timely debt restructuring process.
A 30-something Hong Kong resident surnamed Zhang has been caught in a crypto heat in recent months.
Director-General of the Department of North American and Oceanian Affairs of the Foreign Ministry Yang Tao met with Sherry Carbary, president of Boeing China at the request of the latter, according to the WeChat account of the department on Wednesday.
Supermarket chain Carrefour China said it has reached cooperation with a state-owned facility in East China's Anhui Province to help with its business upgrading. It comes amid online speculation that Carrefour China is facing bankruptcy and might withdraw from the Chinese market.
The Philippines has officially approved the Regional Comprehensive Economic Partnership (RCEP) trade agreement, paving the way for ratifying the world's largest free trade area. Experts said that this move will bring greater benefits to members with more industry connections within the region.
Successful operation of the trade offices of the Hong Kong Special Administrative Region (SAR) in the US is conducive to bilateral trade exchanges, and is in the interest of both sides, a spokesperson of China's Foreign Ministry said on Tuesday.
Japanese retailer Muji has recently opened a new store in Shanghai offering a farm-to-table dining experience. The new business format comes as a fresh attempt to attract consumers amid a rapid recovery in food and beverage consumption in China, experts said.
China commenced the construction of the world's highest ultrahigh-voltage electricity transmission project, from Southwest China's Sichuan Province and Xizang Autonomous Region to Central China's Hubei Province, media outlet the Sichuan Daily reported on Tuesday.
The China Tourism Academy (CTA) has forecast that the volume of China's domestic travel may surpass 4.55 billion person times in 2023, a year-on-year increase of 73 percent and back to 76 percent of the level in 2019, indicating fast recovery in the sector after the nation downgraded its COVID-19 response measures, Chinese media outlet thepaper.cn reported on Monday.
Yiwu, the world's largest wholesale market for small commodities in East China's Zhejiang Province, launched a global payment platform called Yiwu Pay on Monday, facilitating more than 900,000 market entities in Yiwu to connect to the world while reducing their payment risks.
Concerns over Tesla's safety problems have been rising in China over the weekend, and the sentiment “has affected sales” – according to some media reports – after an accident related to the US electric carmaker's Model 3 caused one death and one injury in Ruian, East China's Zhejiang Province on Friday.
With a mobile phone directing a drone remotely, a farmer finishes seeding 1.5 mu (0.1 hectare) of paddy field in just one minute, which is 50 times more efficient than manual work.
Chinese automaker Chery announced an investment of $400 million in Argentina to build an auto factory, supported by local lithium extraction industry, the Argentine Embassy to China reported on its WeChat account.
After the dramatic reversal of the balloon incident, the Joe Biden administration tried to "cool down" the tension of China-US relationship. However, very recently, some US politicians and media outlets have once again begun to exaggerate the use of communication base stations equipped by Huawei near the ongoing Munich Security Conference (MSC), claiming that it has brought serious security risks.
Shanghai-based Hudong-Zhonghua Shipbuilding (Group) Co and China Shipbuilding Trading Co delivered an 80,000-cubic-meter liquefied natural gas (LNG) carrier, which is currently the world's largest river-sea intermodal LNG carrier, to Shenzhen Gas Co on Saturday.
Passengers wait in a waiting room at Beijing Railway Station on February 17, 2023. The railway station was completed and opened to traffic in 1959, becoming one of the capital's major iconic buildings. The station has recently been renovated to restore its original appearance, while the environment has also been improved to enhance passenger experience. Photo: VCG
China's top securities regulator on Friday issued rules for overseas listings of Chinese firms. The new rules will give clear legal guidance to Chinese companies seeking overseas listing in markets such as the US and inject new vitality into the global capital market and economy, experts said.
A Tesla-related accident caused one death and one injury in Ruian, East China's Zhejiang Province on Friday. The car was seen running at a high speed before colliding with other vehicles, according to media reports.
Chinese state-owned oil and gas giant China National Offshore Oil Corp (CNOOC) said it has completed a commercial crude reserve storage complex in East China, the largest single-phase storage facility in China so far, which is capable of holding 4.25 million tons of crude oil.
Biden's reported plan to bar US investments in some Chinese technology companies undermines market rules as well as global trade practices, Shu Jueting, a spokesperson of Chinese Ministry of Commerce (MOFCOM) told a regular press conference on Thursday.
China adds Lockheed Martin, Raytheon to unreliable entity list over arms sales to island of Taiwan
China has maintained a fast recovery of international flights, as resumed weekly fixed passenger flights have increased by more than 60 percent over the week before downgrading management of COVID-19 on January 8.
In a live broadcast room in East China's Donghai Crystal City, the 29-year-old Fan Fan is doing her best to present a set of glittering crystals to her customers in the UK in front of a bright screen in chirpy English.
Net purchases by overseas investors on the A-share market hit a monthly record high of $27.7 billion in January, mirroring overseas investors' “active participation” in the Chinese mainland stock market thanks to the rapid revival of China's economy following the optimization of pandemic response, a Chinese official said on Wednesday.
An article by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on major issues pertaining to the country's current economic work, will be published by the Qiushi Journal, a flagship magazine of the CPC Central Committee, on Thursday, the Xinhua News Agency reported on Wednesday.
With US President Joe Biden's naming of a new top economic adviser known for being relatively neutral, experts said that the Biden administration has finally appointed someone who might help steer China-US economic relations to a more pragmatic direction.
Shipping and logistics company Maersk held a groundbreaking ceremony on Tuesday for its 1-billion-yuan ($150 million) integrated logistics warehouse project in Shanghai, as the company puts more emphasis on the booming Chinese market.
Chinese shipbuilders are making inroads in the emerging pure car and truck carrier (PCTC) market, with a leading shipbuilder accounting for 27 percent of global sales, the Shanghai Securities News reported on Tuesday.
A growing list of Chinese new-energy vehicle (NEV) start-ups have triggered a new wave of fundraising activities lately, with the companies along the upstream NEV industrial chain found to be active investors.
Chinese media thepaper.cn said on Tuesday that it will connect to Baidu's ERNIE bot, a move marking a fresh foray for the ChatGPT-like technology's application in the media industry as ChatGPT hype hits fever pitch in China recently.
China recently discovered a new rare-earth mineral in South China's Guangdong Province, which was named after a senior Chinese mineralogist Chen Yuchuan, further supporting rare-earth resources exploration in the region.
China has further consolidated the results of poverty elimination in 2022 – a key year which saw deepened integration between poverty reduction and rural revitalization strategy – “with a better foundation and more sustainable results,” Liu Huanxin, Deputy Director of the Office of the Central Leading Group for Rural Affairs and Director of the National Rural Revitalization Administration, told the Global Times on Tuesday.
Chinese electric vehicle battery giant Contemporary Amperex Technology Co., Limited (CATL) will provide preparatory and operational services for US car maker Ford Motor's battery plant in Michigan and the two sides have reached a patent licensing agreement for the battery technology, the company told the Global Times on Tuesday.
While some Chinese travelers from the first batch of outbound group tours returned home with fond memories after departing on February 6, domestic travel institutions are busy preparing for the five-day May Day holidays, which start on April 29.
The Philippines' Department of Agriculture will expand the production of durian by training more local farmers, following the signing of an export agreement with China, a huge market that will bring massive opportunities, create jobs and increase incomes for local farmers, the Global Times learned from the Philippines' Department of Agriculture.