Gathering a great number of Fortune Global 500 companies, the ongoing first China International Supply Chain Expo (CISCE) provides a dazzling display of cutting-edge technologies for consumers at home and abroad.
By Global Times | 2023/11/28 22:59:57
  • US companies embrace closer business links at China's first supply chain expo, defy 'decoupling' mindset

    Industry sources said that this move again shows their determination to stay and expand in the Chinese market, while opposing “decoupling.”

    By Yin Yeping and Chi Jingyi | 2023/11/28 22:36:16
  • At China's first supply chain-themed expo, UK companies eye opportunities in EVs, solar power and green financing

    At the ongoing first China International Supply Chain Expo (CISCE), which kicked off on Tuesday, a number of UK financial, mining and pharmaceutical companies including HSBC, EY, Rio Tinto, Standard Chartered and AstraZeneca are eyeing more business opportunities in China in sectors such as electric vehicles, solar power, industrial upgrading and green financing.

    By Li Xuanmin and Chi Jingyi | 2023/11/28 21:31:44
  • Loongson releases next-generation CPU; new breakthrough in domestic design

    Chinese company Loongson released its next-generation computer central processing unit (CPU) 3A6000 in Beijing on Tuesday. The CPU is self-designed with key indexes comparable to those of global mainstream products, which observers said marked China's new breakthrough in the design of domestic CPUs.

    By Global Times | 2023/11/28 20:59:13
  • Netherlands greenlights Nexperia deal, positive sign for chip cooperation

    The Dutch authorities greenlighted the takeover of domestic chip start-up Nowi by Chinese-owned semiconductor maker Nexperia on Monday after an assessment, which has sent a positive signal for global semiconductor cooperation, an industry analyst said.

    By Global Times | 2023/11/28 20:53:29
  • China's economy will maintain healthy, sustainable growth in 2024 and beyond: PBC chief

    China's economy has continued to recover with a pronounced overall upturn, and the nation is expected to achieve its full-year GDP growth target of about 5 percent in 2023, said Pan Gongsheng, governor of the People's Bank of China (PBC), the central bank, according to a statement on the PBC's website on Tuesday.

    By GT staff reporters | 2023/11/28 20:45:05
  • Xi'an city counts 20,897 China-Europe freight train runs since 2013

    In a momentous morning departure on Tuesday, the X8155 China-European freight train rolled out from Xi'an International Port Station in Northwest China's Shaanxi Province, laden with an array of goods including daily necessities and fitness equipment. Its destination: Hamburg, Germany.

    By Global Times | 2023/11/28 18:39:54
  • China willing to work with UK to promote green development based on mutual respect, win-win cooperation: FM

    China is willing to work with the UK to leverage each other's advantages, expand economic, trade and investment cooperation, and promote green development on the basis of mutual respect and win-win, China's Foreign Ministry spokesperson Wang Wenbin said at a regular press briefing on Tuesday.

    By Global Times | 2023/11/28 17:14:31
  • SenseTime refutes short-seller report allegations, saying it 'without merit'

    Chinese AI software company SenseTime refuted a short-seller report by Grizzly Research LLC on Tuesday in a filing to the Hong Kong Exchanges and Clearing Limited (HKEX), saying the report is untenable, while the board is reviewing the allegations and will take appropriate measures to protect the company's interests.

    By Global Times | 2023/11/28 15:04:10
  • Chinese company makes breakthrough in fuel cells, solves key material bottleneck

    Taiyuan Iron and Steel Group has developed and achieved mass production of a material that can be used in fuel cells. The achievement fills a domestic gap and solves a key strategic material bottleneck, marking a major advance in China's technology, Science and Technology Daily reported on Monday.

    By Global Times | 2023/11/27 22:12:29
  • Industrial profits up for 3rd month as stimulus moves sustain recovery

    Major industrial enterprises' profits rose for a third straight month in October, showing that China's economic recovery efforts, with a mix of forceful stimulus measures, are paying off, experts told the Global Times on Monday.

    By Zhang Hongpei | 2023/11/27 22:02:23
  • Beijing police launches probe into wealth firm under debt-trapped Zhongzhi Enterprise Group

    The Chaoyang Branch of the Beijing Municipal Public Security Bureau announced on Saturday evening the launch of an investigation into suspected illegal activities of the wealth company affiliated with the debt-ridden Zhongzhi Enterprise Group (ZEG), in accordance with the law, and took legal actions against corresponding suspects of the company.

    By Global Times | 2023/11/27 7:16:10
  • Ghana, Tanzania expect closer ties with China on mineral co-development

    Some African countries are ready to deepen cooperation with China in the mineral exploration sector, based on their abundant natural reserves and the advancing industrial chain of Chinese companies, to foster mutual benefit. Ambassadors of Ghana and Tanzania to China shared this with the Global Times on Saturday.

    By Global Times | 2023/11/26 22:02:25
  • Chinese central SOEs asked to lead in repaying overdue corporate debts

    Centrally administered state-owned enterprises (SOEs) have been asked to prevent and resolve risks in key areas, uphold financial discipline, and display leadership in repaying overdue debts, said a statement issued by China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on Saturday.

    By Global Times | 2023/11/26 20:31:58
  • Sichuan Airlines resumes Chengdu-Los Angeles direct flight

    Direct flights from Chengdu in Southwest China's Sichuan Province to Los Angeles, the US, resumed on Friday, on the heels of a new round of flight in-creases between China and the US starting from November 9, which observers said will further boost bilateral personnel communication and business activi-ties.

    By Global Times | 2023/11/24 20:46:25
  • China to offer visa-free policy to five European countries, Malaysia

    China will roll out a one-year visa-free policy to citizens from six countries - France, Germany, Italy, the Netherlands, Spain and Malaysia - starting on De-cember 1, 2023, Chinese Foreign Ministry spokesperson Mao Ning said on Friday, as part of fresh efforts to bring about cross-border people-to-people exchanges to serve the country's high-quality development and opening-up.

    By Li Xuanmin and Tao Mingyang | 2023/11/24 20:31:22
  • China unveils vision and action plan for the BRI development in next decade

    China's Office of the Leading Group for Promoting the Belt and Road Initiative (BRI) released the Vision and Actions for High-Quality Belt and Road Cooperation: Brighter Prospects for the Next Decade, in a bid to further promote the world stabilization and regional mutual development.

    By Global Times | 2023/11/24 13:38:29
  • Tesla Full Self-Driving in process of entering Chinese market: reports

    US electric car maker Tesla said its Full Self-Driving (FSD) function is now in progress to deploy in the Chinese market, as reported by the Chinese media outlet CHINAFUND on Thursday, citing sources from Tesla China.

    By Global Times | 2023/11/24 0:47:55
  • Chinese vendors target Black Friday shopping spree, expect sales growth

    “About 1.3 million hats will be sold around the world during the Black Friday shopping event. Our inventory is five times the sales of the same period in 2022,” an owner surnamed Liu of a Wenzhou-based hat enterprise told the Global Times on Thursday.

    By GT staff reporters | 2023/11/23 23:13:27
  • Kweichow Moutai, MOJT launch cocktail series aimed at younger consumers

    China's leading liquor maker Kweichow Moutai and cocktails brand MOJT recently launched a new series of cocktail products, with popular singer Jay Chou invited to be the product ambassador. It's one of the liquor maker's latest efforts to attract younger consumers, amid concerns about young generations being less interested in alcohol.

    By Global Times | 2023/11/23 22:41:20
  • 2nd Global Digital Trade Expo embraced by exhibitors, serves as platform to spur global economic growth

    Exhibitors and visitors enthusiastically embraced the second Global Digital Trade Expo and expressed high hopes of utilizing the platform for fostering international cooperation and sharing the opportunities bought by China's fast-developing digital sector.

    By Qi Xijia in Hangzhou | 2023/11/23 22:39:07
  • China willing to enhance talks with Japan on export controls: MOFCOM

    China is willing to enhance communication with Japan in areas including export controls and others, in order to promote the stable development of the bilateral economic and trade relationship, Ministry of Commerce (MOFCOM) spokesperson Shu Jueting said on Thursday.

    By Global Times | 2023/11/23 22:30:32
  • US urged to translate promise of 'not intending to suppress, contain China' into action: MOFCOM

    It is hoped that the US will translate its promise of “not intending to suppress and contain China” into action and meet China halfway to create good conditions for enterprises to carry out two-way trade and investment cooperation, China's Ministry of Commerce (MOFCOM) spokesperson Shu Jueting said at a regular press briefing on Thursday.

    By Global Times | 2023/11/23 21:06:25
  • Airbus' affiliate service company explores Chinese market via navigation database cooperation

    NAVBLUE, a leading services company, wholly owned by Airbus and Air Traffic Management Bureau (ATMB), the institution under the Civil Aviation Administration of China, has signed a long-term cooperation agreement to materialize the production of the on-board Navigation Database in China to align with the Chinese data security requirements.

    By Global Times | 2023/11/23 19:29:05
  • China, Australia can address trade and economic problems through candid dialogue: MOFCOM

    China is ready to work with Australia in implementing the important consensuses reached by the two nations' leaders, and help boost high-quality development of bilateral relationship and economic cooperation, Ministry of Commerce (MOFCOM) said on Thursday.

    By Global Times | 2023/11/23 19:07:32
  • China to uphold global supply chain stability as CISCE will be held in Beijing: spokesperson

    The China International Supply Chain Expo (CISCE), the first national exhibition worldwide themed on supply chain, is an open platform that China has set up to safeguard global industrial and supply chain stability, Mao Ning, a spokesperson of the Foreign Ministry, said at a regular press briefing on Thursday.

    By Global Times | 2023/11/23 17:04:32
  • US businesses eye vast Chinese market as the economy continues to rebound

    US companies have stepped up their presence in China after the summit between the top leaders of the two countries last week in San Francisco. Chinese observers said it reflects the strong willingness of US business community to bet on China amid stabilizing China-US ties, casting a vote of confidence in China's long-term economic growth.

    By GT staff reporters | 2023/11/23 0:10:24
  • China approves US chipmaker's $61b acquisition with restrictive conditions

    US chipmaker Broadcom Inc announced that its $61 billion acquisition of cloud computing company VMware closed on Wednesday, having received all required regulatory approvals from global regulators, after China's market regulator approved the merger on Tuesday with restrictive conditions.

    By GT staff reporters | 2023/11/22 22:37:44
  • Nvidia to make modified chips for China; Q4 sales drop due to expanded US chip curbs

    Leading chip designer Nvidia said on Tuesday that it will produce newly compliant chips for China, and it forecast, during its third-quarter earnings call, a drop in its China sales in the fourth quarter. This move marks the latest effort by US chip companies to supply products to China, following an upgraded US chip ban announced in October to hinder China's technological advancement.

    By Qi Xijia | 2023/11/22 21:49:28
  • Tesla owner in Xi'an loses lawsuit, ordered to apologize and pay due damages to company

    Tesla won a lawsuit on Wednesday against a Chinese customer who staged a protest during the 2021 Shanghai International Automobile Industry Exhibition. The Tesla owner, surnamed Li, was ordered by court to publicly apologize to the US electric vehicle maker and pay for due damages.

    By Global Times | 2023/11/22 19:20:50
  • An affiliate of Foxconn subsidiary Industrial Fulian fined $2,816 by mainland taxation department

    A Foxconn-affiliated company Industrial Fulian, a subsidiary of Foxconn, was fined 20,000 yuan ($2,816) by the taxation department in Wuhan, Central China's Hubei Province, as a data service company showed. The fine came after Chinese mainland tax authorities conducted tax inspects on key enterprises of Foxconn in several provinces.

    By Global Times | 2023/11/22 10:32:15
  • Chinese battery giant CATL signs deal with European carmaker Stellantis NV

    Chinese lithium-ion battery giant Contemporary Amperex Technology (CATL), together with Stellantis NV, a carmaker based in the Netherlands, announced on Tuesday the signing of a non-binding Memorandum of Understanding (MoU).

    By Global Times | 2023/11/22 2:16:23
  • Air China resumes Beijing-Washington direct flights

    A flight operated by Air China departed from Beijing on Tuesday, heading to Washington, marking the first direct flight from China to the US operated by a Chinese airline since the two countries further increased direct flights in the new round starting from November 9.

    By GT staff reporters | 2023/11/21 22:26:37
  • Sunac emerges as China's first large real estate firm to navigate debt reduction amid policy support

    After an 18-month effort, Sunac China Holdings completed the entire process of overseas debt restructuring, becoming the nation's first large real estate enterprise to wrap up a domestic and overseas debt restructuring. This landmark development provides a crucial demonstration for other debt-burdened developers, experts said on Tuesday.

    By GT staff reporters | 2023/11/21 21:52:33
  • Chinese-made short dramas boom in overseas markets as nation's mobile internet sector showcases its prowess in business innovation

    While short dramas are currently making waves in China's A-share market, the same trend has also swept across international markets. A short drama app under a Chinese enterprise even briefly surpassed TikTok, claiming the top spot on the US iOS entertainment list.

    By GT staff reporters | 2023/11/21 21:13:43
  • Shanghai, Dubai bourses to expand financial cooperation amid further opening-up

    The Shanghai Stock Exchange (SSE) and Dubai Financial Market (DFM) signed an agreement on Monday to co-develop financial products, a milestone in China's financial opening-up and a sign of deepening cooperation between China and the Middle East.

    By Global Times | 2023/11/21 20:53:36
  • China sees rapid IOT-led transformation, with 2.3 billion devices to be connected at the year-end: experts

    China will have 2.3 billion Internet of Things (IoT) devices by the end of 2023, up 30 percent year-on-year. The country is now leading the development of IoT with advanced Internet infrastructure and innovative applications.

    By Global Times | 2023/11/21 18:39:03
  • Australian businesses willing to continue to expand exports to China after PM Albanese's recent visit

    Australian businesses are willing to continue and expand their exports to China, and the business are experiencing improving conditions after Australian Prime Minister Anthony Albanese's recent visit in China, Daryl Guppy, once a board member of the Australia China Business Council, told the Global Times on Tuesday.

    By Tu Lei in Wenzhou | 2023/11/21 14:29:49
  • Real estate developer Sunac says debt restructuring conditions satisfied

    Chinese property developer Sunac China Holding announced on Monday that each of the company's restructuring conditions has been satisfied and the debt restructuring plan can now commence.

    By Global Times | 2023/11/21 2:04:49
  • China's financial regulators issue MasterCard bank card clearing license

    The People's Bank of China (PBOC), the central bank, and the National Administration of Financial Regulation granted a bank card clearing license to the US payment company MasterCard on Friday, as announced by the PBOC on Sunday.

    By Global Times | 2023/11/19 22:13:49
  • Jakarta-Bandung High-Speed Railway handles 383,000 passenger trips in first month of operation

    The Jakarta-Bandung High-Speed Railway (HSR), the first HSR in Indonesia and Southeast Asia, handled 383,000 passenger trips in its first month of official operation, China State Railway Group Co said on Friday.

    By Global Times | 2023/11/17 14:29:02
  • Alibaba halts cloud computing spin-off due to US chip ban

    E-commerce giant Alibaba said that it will no longer push for a complete spin-off of its cloud computing division due to multiple uncertainties brought by US export restrictions on advanced chips, according to its financial report on Thursday.

    By Global Times | 2023/11/17 2:23:43
  • China's property prices seen dipping in October

    Prices for new and second-hand housing across 70 Chinese large and medium-sized cities declined in October from September, falling for the fourth straight month, data from the National Bureau of Statistics (NBS) showed on Thursday.

    By Global Times | 2023/11/17 0:06:32
  • Chinese mainland official hails cross-Straits CEO Summit, calls for deeper business cooperation

    The Taiwan Affairs Office of China's State Council said Wednesday that the 2023 Cross-Straits CEO Summit reflected the willingness of cross-Straits entrepreneurs to expand cooperation and business trade, and vowed to further support cross-Straits enterprises in promoting peaceful and integrated development of cross-Straits relations.

    By Global Times | 2023/11/15 22:37:59
  • China's first corporate credit data export approved

    QCC Compliance Intelligence, an overseas corporate credit information query platform owned by domestic portal Qichacha, has successfully undergone a data export security assessment conducted by the Cyberspace Administration of China, marking the country's inaugural case of data export compliance in the field of corporate credit information queries, the Global Times learned from Qichacha on Monday.

    By Global Times | 2023/11/13 23:35:50
  • Changzhou city government probes an entrepreneur's alleged suicide in wake of regulatory talks

    The municipal government of Changzhou city, in East China's Jiangsu Province, said on Sunday that it is conducting an investigation on media reports alleging the owner of Changzhou Huali Hydraulic Lubrication Equipment Co committed suicide recently following regulatory talks.

    By Global Times | 2023/11/13 13:40:19
  • Lujiazui Corp to restore truth with judicial approach on lawsuit over polluted land

    Shanghai Lujiazui Finance and Trade Zone Development Co (Lujiazui Corporation) said on Sunday that it will take legal means to reveal the truth amid a legal case over polluted land in Suzhou, East China's Jiangsu Province that involves Suzhou Lv'an Real Estate Development and Suzhou Steel Group.

    By Global Times | 2023/11/12 22:24:06
  • China's 'Double 11' shopping spree sees 'record figures' as consumption recovers

    After the annual "Double 11" shopping festival, said to be the world's largest, wrapped up at mid-night Saturday, China's State Post Bureau and some Chinese e-commerce giants reported "record numbers," while others are reporting "positive growth," underscoring Chinese consumers' strong spending power.

    By GT staff reporters | 2023/11/12 21:04:03
  • ICBC experiences ransomware attack, investigation launched

    The Industrial and Commercial Bank of China Financial Services (ICBCFS) experienced a ransomware attack on Wednesday local time which resulted in disruption to certain FS systems. A thorough investigation is already underway, the institution said in a note on its website on Friday.

    By Global Times | 2023/11/10 11:53:10
  • Attractive products

    Visitors are attracted by products showcased at the Uganda Pavilion at the 6th China International Import Expo (CIIE) held in Shanghai on November 9, 2023. This year, 69 countries and three international organizations participated in the Country Exhibition at this year's CIIE, including developed countries, developing countries and least-developed countries across the globe.Photo: Chen Xia/GT

    By Global Times | 2023/11/9 23:04:10
  • Foreign fruit producers aim to tap into Chinese market via CIIE

    Foreign fruit exporters are intensifying their efforts to access the extensive Chinese consumer market at the 6th China International Import Expo (CIIE), the world's largest import fair, held in Shanghai from November 5 to Friday, reflecting China's status as the world's largest fruit consumer.

    By GT staff reporters | 2023/11/9 22:45:52
  • Taiwan entrepreneurs riding on fast-paced development of mainland's economy

    At this year's China International Import Expo (CIIE), Taiwan-based Yoshantea Tea Co has used 6,000 cups, offering tea from the island for guests to taste. The bustling presence of Taiwan entrepreneurs shows their eagerness to seize the opportunity to ride on the fast-paced development of the Chinese mainland's economy amid the policy dividends offered by the mainland.

    By Qi Xijia in Shanghai | 2023/11/9 21:20:00
  • Major Australian companies at 6th CIIE 'very optimistic' about bilateral trade outlook

    Representatives of major Australian exporters participating in the 6th China International Import Expo (CIIE), the world's largest import-themed expo, expressed high hopes for bilateral trade, following Australian Prime Minister Anthony Albanese's visit to China this week. They emphasized the importance of trade with China, which features strong complementarity.

    By Zhao Juecheng and Chu Daye in Shanghai | 2023/11/9 20:41:01
  • China's homegrown C919 planes have flown over 50,000 passengers; C939 model to be developed

    China's homegrown C919 has flown more than 50,000 passengers since entering operation in May this year, with the manufacturer of the aircraft considering development of C939, which has now been formally placed in the company's work agenda, the Global Times has learned.

    By Fan Wei in Chengdu | 2023/11/9 18:59:07
  • Shipbuilding sizzles again

    A new-energy cruise ship is being constructed at a local shipyard in Yichang city, central China's Hubei Province, on November 8, 2023. The ship will have a test run in the Yangtze River soon. As tourism and inner-river freight transport rapidly recover and heat up post-pandemic, domestic shipbuilding industry is ushering in a new golden age. Photo: VCG

    By Global Times | 2023/11/8 23:45:52
  • Chinese energy companies sign huge contracts at 6th CIIE, with some deals worth more than $10 billion

    Many Chinese energy companies have signed huge contracts at the ongoing 6th China International Import Expo (CIIE) in Shanghai, with at least two companies signing purchase deals worth more than $10 billion, the Global Times learned from exhibitors.

    By Global Times | 2023/11/7 21:31:33
  • Global business leaders at CIIE eye expansion in China market

    Executives of many multinational companies have expressed their confidence in the Chinese market and vowed to further expand their businesses in the country, as they explore opportunities at the ongoing China International Import Expo (CIIE) in Shanghai.

    By Chu Daye, Qi Xijia in Shanghai and Wang Cong in Beijing | 2023/11/6 21:04:40
  • CIIE is a large platform for Chinese trade partners sharing the country's development: FM

    The sixth China International Import Expo (CIIE) has become a major platform for China's opening-up, allowing China to strengthen partnership with other countries and achieve win-win results, according to China's Foreign Ministry.

    By Global Times | 2023/11/6 20:26:17
  • Tsinghua University scientists develop efficient all-analog photo-electronic chips

    Scientists from China's Tsinghua University have recently created an all-analog photo-electronic chip. This chip delivers superior performance in computer vision tasks, delivering faster processing and greater energy efficiency compared to current chips, according to a report published by Xinhua News Agency.

    By Global Times | 2023/11/5 23:23:29
  • Expo achieves all-green electricity exhibition, reducing carbon emissions

    The 6th China International Import Expo (CIIE) has purchased 8 million kilowatt-hours of green electricity through inter-provincial green electricity trading, marking the first time that the event will achieve an all-green exhibition, according to the Xinhua News Agency on Saturday.

    By Global Times | 2023/11/5 22:54:04
  • Delivery of China's first domestic large cruise ship marks nation's progress in manufacturing level

    China's first domestically-built large cruise ship, the Adora Magic City, completed its formal delivery on Saturday, a development that experts said marks a breakthrough for China's high-end manufacturing as well as international cooperation.

    By Wang Jiamei and Zhang Hongpei | 2023/11/4 17:19:51
  • Largest US business delegation flocks to CIIE, eyes closer cooperation with China

    Many US companies have actively participated in the sixth China International Import Expo (CIIE) in what could be the largest scale in history, and they signed a number of orders on the first day, showcasing their expectations for closer cooperation with China.

    By Qi Xijia in Shanghai and Li Xuanmin in Beijing | 2023/11/5 21:04:19
  • China-Australia relations 'mature' with 'complementary nature' amid high-profile visit, largest CIIE participation

    The China-Australia relationship is “mature” and “energized by the complementary nature of our economies,” Australia's Prime Minister Anthony Albanese – the first Australian prime minister to visit China in seven years – said on Sunday at the opening of the 6th China International Import Expo (CIIE) being held in Shanghai, while Australia has dispatched the largest delegation ever with more than 250 companies exhibiting at the expo.

    By Qi Xijia in Shanghai and Xiong Xinyi in Beijing | 2023/11/5 20:40:53
  • Xinjiang shows 'unlimited potential' in becoming BRI business and logistics hub, boosted by new FTZ policies

    At China-Kazakhstan International Cooperation Center in Horgos, Northwest China's Xinjiang Uygur Autonomous Region, a group of tourists from neighboring Kazakhstan embarked on a shopping spree on Saturday, buying duty-free Chinese commodities including locally made Nang, a traditional flatbread, to clothes, shoes and home appliances.

    By Li Xuanmin | 2023/11/5 17:23:33
  • Sinopec strikes $40.3 billion purchase deals at CIIE, including 27-year LNG agreement with QatarEnergy

    China's energy major Sinopec struck a series of purchase agreements worth $40.3 billion at the sixth China International Import Expo (CIIE) in Shanghai on Saturday. Among the deals, Sinopec inked a 27-year liquefied natural gas (LNG) purchase deal with QatarEnergy, the company said.

    By Global Times | 2023/11/5 14:52:24
  • Chinese PV giant sets new world record for solar cell efficiency amid China's push for green devt

    China's solar energy giant LONGi announced on Friday that it has set a new world record of 33.9 percent for the efficiency of crystalline silicon-perovskite tandem solar cells, indicating that China is once again leading the world in the field of solar cells due to its green development push.

    By Liu Yang | 2023/11/3 15:04:46
  • China's state security ministry vows to tackle financial risks, after tone-setting meeting

    China's Ministry of State Security (MSS) vowed to step up efforts to prevent and defuse financial risks and crack down on illegal activities that endangers national security in the financial field, noting that certain countries are using the financial sector as geopolitical tool and some speculators are trying to stir up financial turmoil in China.

    By Global Times | 2023/11/3 14:27:05
  • China to ramp up cooperation with Asia-Pacific economies to assist global recovery: FM

    China, being a major participant of Asia-Pacific economy, will keep contributing to trade and investment cooperation in the region and it is ready to deepen collaboration with other countries in the region to boost the world economy, the Foreign Ministry (FM) said on Thursday.

    By Global Times | 2023/11/2 19:04:59
  • Air flights between Chinese mainland and Australia now near 2019 levels: data

    Air flights between Chinese mainland and Australia are resuming quickly as airlines from the two countries are busy mapping routes amid improving ties, and the number of flights in November of this year are close to 2019 levels.

    By Tu Lei | 2023/11/2 18:55:28
  • Chinese firm EHang launches UAM center for unmanned electric vertical take-off and landing aircraft in Europe

    EHang Holdings, a Chinese urban air mobility (UAM) platform company, announced on Wednesday the inauguration of its first European UAM Center for unmanned electric vertical take-off and landing (eVTOL) aircraft in Spain.

    By Global Times | 2023/11/2 14:09:14
  • Worker involved in urination case at Tsingtao Brewery detained

    Local authorities in Pingdu, East China's Shandong Province on Wednesday announced the results of an investigation into a video that went viral of a worker urinating at a factory owned by leading beer maker Tsingtao Brewery Co. A loader surnamed Cui urinated in a truck on October 19, and the video was leaked by the truck driver surnamed Cai after the two had a verbal altercation.

    By Global Times | 2023/11/1 22:54:10
  • Chinese financial regulators vow to implement tasks after tone-setting conference

    Chinese financial regulators on Wednesday moved swiftly to implement tasks set by the top-level, tone-setting central financial work conference, including announcing new regulations for commercial banks and vowing to take measures to defuse risks and ensure sound and stable development.

    By GT staff reporters | 2023/11/1 22:37:54
  • Alibaba-backed T-Head reveals first SSD controller chip

    Alibaba-backed Chinese semiconductor start-up T-Head on Wednesday revealed a high-performance enterprise SSD controller chip, Zhenyue 510, based on the company's self-developed hardware and firmware architecture and offering performance breakthroughs, T-Head told the Global Times on Wednesday.

    By Global Times | 2023/11/1 22:31:09
  • Price increase elevates Moutai share value as consumption recovery drives Baijiu sales surge

    China's baijiu producer, Kweichow Moutai, announced on Tuesday that it will raise distributor prices for its best sellers, Moutai Flying Fairy and Five Star, for the first time in six years. This triggered a 6 percent rise in its closing share price in A-share.

    By Global Times | 2023/11/1 22:10:55
  • Yuan internationalization proceeds as Argentina to use it again for IMF debt

    The internationalization of the yuan has taken a step further as the Ministry of Economy of Argentina announced on Tuesday that it will again use the Chinese currency to repay part of its IMF debt.

    By GT staff reporters | 2023/11/1 21:54:18
  • Double 11 sales kick off with stimulus moves to stabilize economy, expand demand

    China's Double 11 sales festival, the world's largest shopping carnival, has gotten off to a good start, signifying upbeat consumption sentiment thanks to the nation's stimulus measures to stabilize the economy and expand demand, industry observers said.

    By GT staff reporters | 2023/11/1 21:46:00
  • Hong Kong to try out more reform measures to bolster growth as local GDP accelerates by 4.1% in Q3

    Hong Kong Special Administrative Region (HKSAR) emerged from the pandemic with the society fully returning to normalcy in the past year thanks to the leadership of the HKSAR government and the central government's strong support. Standing at a new start point, development has become an important theme for Hong Kong.

    By Global Times | 2023/11/1 16:08:54
  • BYD becomes China's most profitable automaker

    Chinese automaker BYD revealed a record quarterly profit in their third-quarter report late Monday. The company reported a net profit of 10.4 billion yuan ($1.4 billion), up 82 percent year-on-year.

    By Global Times | 2023/10/31 23:33:42
  • Chinese eVTOL aircraft completes test flight in Shanghai

    China's first domestically developed and manufactured electric vertical take-off and landing (eVTOL) aircraft has completed its test flight in Shanghai, offering new options for urban short-distance transportation.

    By Global Times | 2023/10/31 23:09:23
  • China chides Ottawa's ban of WeChat app on government-issued devices

    China strongly opposes Canada's latest ban on Chinese social media app WeChat on government-issued mobile devices, and urges the Canadian side to discard ideological prejudice, abide by economic principles and provide fair, just and non-discriminative business environment for Chinese companies, Wang Wenbin, a spokesperson from the Foreign Ministry, said at a press briefing on Tuesday.

    By Global Times | 2023/10/31 17:47:46
  • CIIE's vision for shared future accords with ASML's pursuit of open cooperation: company

    China International Import Expo (CIIE)'s vision of shared future chimes with ASML's pursuit of open cooperation, the Netherlands' chip-making equipment giant's China President told the Global Times in an exclusive interview on Tuesday, as the CIIE is scheduled to open on November 5 in Shanghai.

    By Chu Daye and Zhao Juecheng | 2023/10/31 12:39:49
  • China cyberspace authorities punish internet platforms Quark, NetEase CC for illegal activities

    China's cyberspace authorities announced on Monday that two internet platforms, Quark and the NetEase CC live-streaming platform, have been punished for engaging in illegal activities. This is one of the country's latest efforts to improve the management system and effectively maintain a clean cyberspace.

    By Global Times | 2023/10/31 1:12:39
  • Chinese Vice Premier He Lifeng assumes post as director of the Office of the Central Commission for Financial and Economic Affairs, report shows

    Chinese Vice Premier He Lifeng has assumed a new post as the director of the Office of the Central Commission for Financial and Economic Affairs, a top financial and economic policymaking body, a report by the Xinhua News Agency showed. He was referred to as a member of the Political Bureau of the Communist Party of China (CPC) Central Committee as well as the aforementioned title.

    By Global Times | 2023/10/30 21:45:01
  • Winter power supplies 'generally secure' despite regional pressure

    China's electricity supplies will be generally secure in the coming winter season, the National Energy Administration (NEA) said on Monday, although some users in the southwestern, northwestern, eastern and southern regions such as Yunnan Province and the western region of North China's Inner Mongolia Autonomous Region could face pressure due to extreme weather, a lack of hydropower and uncertainty in safeguarding fuel supply.

    By Global Times | 2023/10/30 20:32:49
  • US scheme to reduce key mineral reliance on China 'futile' given nation's dominance

    US Trade Representative Katherine Tai said that “significant progress” had been made on a US-UK critical minerals agreement in talks over the weekend in Japan. While the deal seems to benefit its allies, the real purpose of the US is to reduce the international competitiveness of Chinese-made electric vehicles (EVs) and reduce reliance on China's minerals, Chinese observers said on Monday.

    By GT staff reporters | 2023/10/30 20:16:42
  • China willing to join hands with others to create an open, fair, justice and non-discriminative environment for international technological cooperation: official

    China has made multiple measures in promoting the international cooperation of technological innovation, including facilitating intergovernmental cooperation, deeply participating in global technological governing system and stepping up the opening-up of technology sector, China's vice minister of science and technology Zhang Guangjun said on Monday.

    By Global Times | 2023/10/30 20:10:20
  • China completes first cross-border crude oil settlement in digital yuan

    The China National Petroleum Corporation (CNPC) recently completed a transaction settlement of 1 million barrels of crude oil with digital yuan, which analysts said marks a further step of the internationalization of the Chinese currency.

    By Tao Mingyang | 2023/10/27 21:39:36
  • Passenger and cargo flights will connect China with 68 overseas markets in 2023/2024 winter and spring season: CAAC

    Passenger and cargo flights will connect China with 68 overseas markets in the 2023/2024 winter and spring season, with applications for 16,680 weekly flights - each round trip is counted as one flight - by 150 domestic and overseas airlines approved, the Civil Aviation Administration of China (CAAC) said on Friday.

    By GT staff reporters | 2023/10/27 20:35:25
  • China's industrial enterprises profits in Sep surge 11.9% y-o-y: NBS

    Profits of China's industrial enterprises above a designated size in September surged by 11.9 percent year-on-year, another double-digit growth following August, the National Bureau of Statistics announced on Friday, underscoring the country's stable recovery amid policy support taking effect.

    By Global Times | 2023/10/27 12:05:51
  • European automakers speed up cooperation with China despite EU protectionism

    Stellantis NV, an automaker based in the Netherlands, announced on Thursday that it plans to invest 1.5 billion euros ($1.58 billion) to acquire approximately 20 percent of China's electric vehicle (EV) start-up Leapmotor, joining several other European automakers in strengthening cooperation with Chinese EV makers this year.

    By GT staff reporters | 2023/10/26 21:27:30
  • Graphite exports comply with Chinese regulations will be permitted: MOFCOM

    China's export controls on some categories of graphite are in accordance with the law and belong to normal adjustment measures. Exports that comply with relevant regulations will be permitted, a Chinese official said on Thursday, stressing the measures are not directed at any specific country or region, nor are they targeting any specific industry.

    By Global Times | 2023/10/26 16:56:28
  • China's first-tier cities achieve quasi-commercial operation of self-driving services

    ​China's first-tier cities have achieved quasi-commercial operation of self-driving services, making a significant breakthrough, a Chinese official said Thursday.

    By Global Times | 2023/10/26 17:42:29
  • Rights to use cruise ship for five days sold for $2.7m in e-commerce live broadcast

    While people are busy considering promotions on different e-commerce platforms, a buyer from East China's Shandong Province bought five days' usage of Adora Magic City, China's first domestically built large cruise ship, for 20 million yuan ($2.7 million) after a promotion on e-commerce platform Taobao on Tuesday night.

    By Global Times | 2023/10/26 2:01:52
  • China's e-commerce platforms see sales jump for Double 11, as economy well on track of recovery

    China's e-commerce platforms, which have kicked off the "Double 11" shopping festival, one of the country's most important online sprees, reported notable increases in sales, as these platforms strive to provide low-priced but quality goods to stimulate consumer spending and boost sales growth.

    By GT staff reporters | 2023/10/24 22:42:28
  • China welcomes Australia's finalization of Darwin port security review, calls for issues to be resolved through dialogue: FM

    China welcomed Australia's decision on finalizing the security review regarding the Darwin port program, and it called on Australia to resolve trade disputes via dialogue to promote the bilateral relationship, the Chinese Foreign Ministry said on Tuesday.

    By Global Times | 2023/10/24 21:17:06
  • Chinese private rocket firm Galactic Energy completes probe on a recent launch failure

    Chinese private rocket firm Galactic Energy has completed investigation of a recent launch failure, the first for the start-up after nine successful orbital launches in a row. The company said it will ramp up efforts on quality control in the future.

    By Global Times | 2023/10/24 16:21:25
  • Christmas goods exhibit resilient recovery amid US inflation surge, domestic companies expand into thriving markets

    Chinese producers and traders of Christmas goods in East China's Zhejiang Province, a manufacturing and trading hub for small commodities, are experiencing a surge in exports this year, with some seeing a 10-20 percent year-on-year increase, the Global Times learned from industry insiders on Monday.

    By Yin Yeping | 2023/10/23 21:41:57
  • China-Australia ties 'warming' ahead of Albanese visit

    China welcomes Australian Prime Minister Anthony Albanese to visit China and attend the 6th China International Import Expo (CIIE) at the invitation of Chinese Premier Li Qiang, China's Foreign Ministry said on Monday. A sound and stable bilateral relationship serves fundamental interests of the two countries and their people, and it is conducive to regional and world peace and stability, it noted.

    By GT staff reporters | 2023/10/23 21:13:57
  • Record number of world's leading companies to flock to China's upcoming import expo

    The sixth China International Import Expo (CIIE) is scheduled to be held in Shanghai from November 5-10, with 289 of the world's top 500 and industry-leading enterprises participating, exceeding the previous levels, a Chinese official revealed on Monday.

    By GT staff reporters | 2023/10/23 20:24:38
  • Apple's iPhone 15 series see a sizable price drop in Chinese mainland market

    The price of Apple's newly-released iPhone 15 series saw a sharp drop on China's e-commerce platforms, at a time when the annual "Double Eleven" online shopping spree draws near.

    By Global Times | 2023/10/23 18:31:23
  • Contaminated malt is sealed, as police look into a worker's urination case at Tsingtao Brewery

    Law enforcement authorities are conducting an investigation, Chinese leading beer maker Tsingtao Brewery Co announced on Monday before market opening, after a worker urination video went viral over the weekend which was allegedly shot in one of Tsingtao Brewery plants. The contaminated malt has been sealed.

    By Global Times | 2023/10/23 13:43:01