Industry sources said that this move again shows their determination to stay and expand in the Chinese market, while opposing “decoupling.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
“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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
China's first-tier cities have achieved quasi-commercial operation of self-driving services, making a significant breakthrough, a Chinese official said Thursday.
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.
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.
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.
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.
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.
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.
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.
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.
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.