China's top leadership has stressed efforts to actively participate in the reform of the World Trade Organization (WTO) and improve the ability to handle high-level opening-up. Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, made the remarks while presiding over a group study session of the Political Bureau of the CPC Central Committee on Wednesday, Xinhua News Agency reported.
China will further pursue high-level opening-up in the services sector and will shorten the negative list for investment in the country's free trade zones (FTZs). The country will also strive to roll out a negative list for cross border services trade, a vice minister of the Ministry of Commerce said on Wednesday.
China's first sea-spanning high-speed railway (HSR) capable of a top speed of 350 kilometers per hour is expected to start service in East China's Fujian Province on Thursday. The line shortens the travel time between Fuzhou and Xiamen to at most 55 minutes in a bid to enhance the connectivity between the two major cities in the province, the Xinhua News Agency reported on Wednesday.
Cities across China are issuing vouchers to further lift consumption as the 8-day Golden Week holidays are right around the corner.
China and the Philippines have so much that both sides can agree on that will benefit both countries, and certain differences should not be allowed to affect that, a special envoy of the president of the Philippines told the Global Times in an exclusive interview on Wednesday, the first such remarks by a person close to the president after the recent reemergence of tension between China and the Philippines in the South China Sea.
As the 8-day Golden Week holiday approaches, tourists are swarming to China's famous landmarks like Tian'anmen Square in Beijing, the Bund in Shanghai, and West Lake in Hangzhou, East China's Zhejiang Province. The vibrant atmosphere, buzzing with excitement and activities, serves as a vivid reflection of the unwavering confidence of the Chinese people in the country's economy and bright future.
China's major industrial firms saw their profit surge in August, reversing the downward trend and increasing by 17.2 percent from a year earlier, the latest sign of sustained recovery in the world's second-largest economy as stimulus kicks in.
Chinese experts have criticized Germany's decision to cease granting promotional loans to China and deny China's developing country status, calling it a move that succumbs to pressure from the US' cold-war mentality toward China. They warn that Germany risks undermining its own economic interests and damaging the investment confidence of European enterprises in China.
China's central bank said that it would step up policy adjustments and implement monetary policy to expand domestic demand and restore confidence at a quarterly meeting, according to a statement on its official website on Wednesday.
A daily average of 1.58 million entry and exit trips were expected during the upcoming eight-day Golden Week holiday, up 300 percent from 2022 level and reaching 90 percent of 2019 level, thepaper.cn reported, citing data provided by the National Immigration Administration (NIA) on Wednesday.
Profit of China's industrial enterprises above designated size in August bounced back from negative to positive territory recording a 17.2 percent year-on-year increase, Bureau of Statistic (NBS) announced on Wednesday.
The successful hosting of the Asian Games in Hangzhou, East China's Zhejiang Province has made a splash, but some Western media outlets, habitually looking at China through a biased lens, maliciously manipulate public opinion by making use of the multi-sport event as a tool to discredit the Chinese economy. However, their hype surrounding a "collapse of China's economy" without a factual basis will eventually fail to take root. The same goes for the "Asian Games economy."
European companies are still heavily betting on China, and they emphasized that their strategy for the Chinese market will not change, a sharp contrast with some politicians who questioned Chinese business climate and attempted to push for "de-risking" from China.
Editor's Note: On Tuesday, Bakyt Torobaev, deputy chairman of the Cabinet of Ministers of Kyrgyzstan, held a meeting with representatives of many Chinese businesses to boost trade and investment cooperation with China. Following the meeting, the Global Times reporter Wang Cong interviewed Torobaev. The following is an excerpt from the interview.
On Tuesday morning, outside a hotel in northeastern Beijing, a motorcade consisting of cars with diplomatic plates and police cars packed the parking lot. In the lobby, a big blue poster with the Chinese and Kyrgyz flags reads: "Deputy Prime Minister of Kyrgyzstan's meeting with representatives of Chinese companies." Inside the ballroom, dozens of people in business attire gathered, as a succession of Kyrgyz officials step onto the stage to promote various investment opportunities.
Esports, or electronic sports, made an historic debut as medaled events at the Hangzhou Asian Games, and behind the games is a thriving billion-dollar industry.
With several days to go before the end of fiscal year 2023 on September 30, the massive expansion in US federal budget deficit is setting off alarm bells across the American economy. The deviation between US fiscal policy and Federal Reserve's monetary policies is like two gears pulling in opposite directions. The longer the deviation takes, the more financial risks will be accumulated throughout the US system, risking spillover effects on other economies.
While wrapping up a “productive” high-level trade dialogue, China and the EU, two of the world's largest economic powers, have made a noticeable step forward in their pragmatic ties, including announcing concrete working mechanisms in different sectors to enhance communications, which has sent a positive signal of cementing relations amid rising geopolitical tensions and a sluggish world economy.
During Nepali Prime Minister Pushpa Kamal Dahal Prachanda's visit to China, the two nations issued a joint statement on Tuesday, vowing to accelerate win-win cooperation on agriculture, infrastructure, tourism and many other areas, and to facilitate Nepal to graduate from the least developed country status at an early date.
During the past 33 years, from Beijing in 1990 to Guangzhou in 2010, and now to Hangzhou in 2023, the three host cities for the Asian Games in Chinese mainland serve as both geographical and historical landmarks. The cities not only record the stories of China's engagement with the Asian Games but also stand as a testament to China's great economic achievements.
Chinese senior officials met with former US Treasury secretary Henry Paulson on Monday and Tuesday in Beijing, exchanging views on bilateral economic and trade cooperation and global issues, such as climate change and the global economic situation.
China's solar power industry is generating new income for locals in Yantai, East China's Shandong, with fruit, vegetables and other economic crops being planted under solar panels.
China's idea of building a global community of shared future has broken up the zero-sum mentality of certain Western countries, and illuminated a new development path for human society. It is a holistic approach that embodies China's wisdom and vision in global governance, foreign scholars said on Tuesday.
During the past three decades, China-ASEAN partnership has witnessed sound and steady growth. Despite global geopolitical headwinds, the two sides have safeguarded regional stability and tranquility, and always supported each other's economic growth by establishing the sustained solid path of win-win cooperation.
China has been an active advocate, strong promoter and continuous contributor to the global poverty reduction agenda, and has always closely linked its own development to the global common development, Zhao Fengtao, vice chairman of the China International Development Cooperation Agency, told a press briefing on Tuesday, when asked about how China is helping to alleviate poverty in third world countries.
China firmly opposes sanctions imposed by the US against certain Chinese entities and individuals with alleged involvement in Iran's development of drones and military aircraft, and it will take the necessary measures to resolutely defend its legitimate rights and interests, a spokesperson for China's Ministry of Commerce (MOFCOM) said on Tuesday.
China and EU have concluded productive talks during the 10th High-level Economic and Trade Dialogue through candid and pragmatic discussions addressing investment, trade, industrial and supply chain issues as well as financial cooperation, with the two sides reaching consensus on them, China's Ministry of Commerce said on Tuesday.
China is ready to work with Nepal to continuously improve connectivity at ports, roads, railways, aviation, telecommunications and electricity, and help Nepal, a landlocked country, upgrade connectivity with neighboring countries as soon as possible, said Chinese Premier Li Qiang during talks with Nepal's Prime Minister Pushpa Kamal Dahal Prachanda on Monday in Beijing, the Xinhua News Agency reported.
Beijing Daxing International Airport had its fourth anniversary on Monday, having been put into operation on September 25, 2019. It had notched more than 80 million passenger trips as of Sunday, the airport said.
Chinese and EU officials on Monday held a high-level economic and trade dialogue in person in Beijing for the first time since the COVID-19 pandemic, saying that they had held “in-depth, candid and productive” talks and reached a series of new win-win results and consensus in various areas, including setting up a communication mechanism for export controls.
Huawei launched new products ranging from smart screens, the MatePad and watches to the new Harmony OS NEXT system at a highly anticipated event in Shenzhen, South China's Guangdong Province on Monday, making a high-profile comeback to the market amid reported a chip breakthrough and years-long US sanctions.
Three of China's science and technology (S&T) clusters are among the world's five biggest S&T clusters as announced by the World Intellectual Property Organization (WIPO).
While EU's trade chief Valdis Dombrovskis urges China to do more to help "reduce the perception of risk," there are multiple signs that bilateral economic ties are embarking on fast-track development. Obviously, the European business community hopes EU's priority is to promote cooperation, rather than "de-risk" its relationship with China.
The developer of an unmanned suspension railway has finished its phase I construction and started testing on Monday in Shanghai, the latest step in intelligent monorail testing in China.
Chinese-developed technologies in sectors such as digital yuan payments and dispatch systems are in use at the ongoing 19th Asian Games in Hangzhou, East China's Zhejiang Province, providing technical support to the event.
With interest rates for existing mortgages for first-home purchases lowered starting from Monday, some 40 millions borrowers in China will enjoy the benefit of this support policy in the property sector. The move is expected to spur consumption and investment amid current economic headwinds, experts said.
The upcoming eight-day Golden Week holiday is expected to spark the biggest boom for Chinese outbound tourism since the pandemic, travel agencies said, and travel to Southeast Asia, boosted by Thailand's loosened travel policies for Chinese residents, could also maintain an upward trend.
China and Greece share a solid foundation of political trust and enjoy robust trade and economic cooperation. This partnership holds substantial potential within the context of the China-CEEC cooperation mechanism and China's Belt and Road Initiative (BRI), which marks its10th anniversary this year. Piraeus Port's transformation led by China COSCO Shipping has been nothing short of extraordinary. In a recent exclusive interview, the Chinese Ambassador to Greece Xiao Junzheng (Xiao) told the Global Times reporter (GT) Yin Yeping how bilateral relations can further deepen and flourish in the coming years.
The 23rd China International Industry Fair, which drew to a close on Saturday in Shanghai, attracted over 200,500 visitors from more than 2,800 enterprises across 30 countries and regions, offering a unique platform for domestic and foreign manufacturing companies.
Brunei-based airline GallopAir has signed a deal to buy 30 aircraft from the Chinese aircraft manufacturer Commercial Aircraft Corporation of China (COMAC), which includes the first overseas order of China's domestically developed C919 large passenger aircraft.
The Fuling shale gas field in Southwest China Chongqing Municipality, has produced over 60 billion cubic meters of natural gas, according to its operator China Sinopec, Xinhua reported on Sunday, adding the attainments have helped shore up China's energy security.
Multiple Chinese sportswear brands including Li-Ning, 361° and Peak were seen during the opening ceremony of the 19th Asian Games opening ceremony, which was held on Saturday via sponsorship for foreign athletes' delegations, a step forward of the globalization of Chinese products and brands.
Fishers busily select abalone at a port in Weihai, East China's Shandong Province on September 24, 2023. The coastline of Weihai accounts for one-third of Shandong, and its sea area is twice the land area. The city's aquaculture, fishing and ocean fisheries sectors are well-developed, with the production and quality of abalone ranking among the top three in the country. Photo: VCG
It has been proved many times before that while Western pundits predicting the collapse of Chinese economy keeps surfacing, in the end it is the Western rhetoric, not China's economy that will fail drastically.
As economic recovery gains pace in the third quarter, there will be fewer instances where foreign media can apply certain data to talk down China's economy.
Companies from China and Arab states reached cooperation projects worth more than 170 billion yuan ($23.2 billion) during the four-day China-Arab States Expo, which ended on Sunday. The expo achieved 403 cooperation projects covering all aspects of business, and reflected thriving cooperation between China and Arab states.
Nepalese Prime Minister Pushpa Kamal Dahal Prachanda attended the Nepal-China Business Summit held on Sunday in Beijing, where he witnessed enhanced China-Nepal economic and trade relations as a number of companies from the two countries expressed confidence in bilateral cooperation.
China will hold the 10th High-level Economic and Trade Dialogue with the EU on Monday in Beijing. The dialogue, the first in-person meeting post-pandemic, has drawn growing attention and is expected to strengthen economic ties between the two parties.
Chinese advanced technologies such as 5.5G wireless technology were deployed to ensure the high-tech powered opening ceremony and other events of the Hangzhou Asian Games, which is ongoing in East China's Zhejiang Province.
Former deputy director of the National Bureau of Statistics (NBS), He Keng, described the housing market oversupply in Chinese cities as “even (China's) 1.4 billion people cannot fill all those vacant houses.”
While the 19th Asian Games' main torch tower ignited the spirit of sport at the opening ceremony on Saturday in Hangzhou, Zhejiang Province, local high-end manufacturers, entrusted with the design and construction of the tower, has showed the world the “beauty of industry” with their latest self-developed technology and innovation.
Riyadh Air, owned by the Saudi Arabia's Public Investment Fund, said it is considering launching direct flights to China, linking with major first –tier Chinese cities such as Beijing in 2026.
Chinese private enterprises have actively participated in the 19th Asian Games, which is held from Saturday to October 8 in Hangzhou, East China's Zhejiang Province, and shared in the economic dividends of the sports event, demonstrating the vigorous development of the country's private companies, especially small and micro-sized firms.
Former Irish prime minister Bertie Ahern, referencing Irish history, stressed that protectionism is a fundamental mistake and only openness can bring about development and prosperity. He also expressed optimism for China-EU relationship.
The first Global Business and Law Conference kicked off on Friday in Beijing, having gathered representatives of international organizations, foreign commerce chambers and Fortune Global 500 enterprises, as well as global experts in law.
China and the EU have agreed to expand the scope of protected geographical indications (GI), which is expected to open up markets and enhance mutual recognition for quality products, according to the China-EU Cooperation and Development Forum on GIs, which was held on Friday in Suzhou, East China's Jiangsu Province.
The outlook for China's economy is much brighter than some analysts and economists have claimed, said Rani Jarkas, chairman of Swiss financial firm Cedrus Group, at a recent forum held in Beijing.
Executive Vice President of the European Commission (EC) Valdis Dombrovskis started his trip to China on Friday, and experts and officials noted that the EU official is expected to seek more dialogue on cooperation, settling disagreements, and boosting bilateral trade ties.
The Urumqi International Land Port Area, located in Northwest China's Xinjiang Uygur Autonomous Region, has been playing a vital role in constructing the region as a core area of the Silk Road Economic Belt while contributing to the development of China-proposed Belt and Road Initiative.
China and the US have agreed to set up two working groups for economic and financial matters in a major step that experts say could help put the brakes on a downward spiral in bilateral ties following a slew of recent high-level exchanges between officials.
Some Western officials and media outlets continue to claim that China is “uninvestable” and that there is widespread “foreign capital flight” out of the country, but global businesses, including those from the West, continue to come to China in droves.
China is moving swiftly to further accelerate what officials call the “new industrialization” process, aiming to upgrade traditional industries, cultivate new strategic industries, and promote advanced manufacturing and digitalization, a broad campaign to ensure the country's industrial security and competitive edge amid rapidly rising global competition and risks.
The Chinese top market regulator on Friday released 22 measures to boost the development of the private sector, including strengthened anti-monopoly law enforcement, risk research and early warning for overseas investment and mergers and acquisitions.
Hong Kong Special Administrative Region (HKSAR)'s Chief Executive John Lee Ka-chiu said that he was “very concerned” about the fraud case involving cryptocurrency trading platform JPEX which has reportedly resulted in HK$1.3 billion ($166 million) in losses for investors, vowing to strengthen investor education and protection, according to media reports on Friday.
China's highway traffic on the first day of the eight-day Mid-Autumn and National Day holidays might set a new record, Wang Xiuchun, an official from the Ministry of Transport, said on Thursday, as a sign of robust recovery in travel during the upcoming “golden week.”
The EU on Thursday announced that its European Chips Act officially enters into force, in a move that has been widely described as the bloc's answer to the US' protectionist CHIPS Act - both aiming to bolster their own chip industries, in another serious escalation in the global protectionist trend in the semiconductors initiated by the US.
Shanghai introduced new measures on Thursday to free foreign exchange and attract foreign investment, and Beijing launched a consultation on a similar policy. These measures are in line with a series of initiatives by the Chinese government to facilitate foreign investment.
China is willing to promote a "package" resolution for a trade dispute with Australia, regarding Chinese anti-dumping and countervailing measures on Australian wine and similar Australian measures against three Chinese products, China's Ministry of Commerce (MOFCOM) said on Thursday.
Along with our reporting mission of witnessing the first-hand success of the China-proposed Belt and Road Initiative (BRI) in Hungary, Serbia and Greece upon the 10th anniversary of the proposal of the joint initiative, our trip was against several backdrops. For one, the COVID-19 pandemic has been over, and the resulting economic fallout across the world is on the waiting list of the problems that need to be tackled. Second, the ongoing Russia-Ukraine conflict is affecting European countries geographically. Last but not least, the term "de-risking," which calls for detachment between Europe and China, is somewhat gaining momentum in certain parts of the continent. Our trip, then, turned out to show that in an era of uncertainty, countries that look to the East are embracing more development opportunities and unleashing economic vitality and development potentials. CEE is becoming the "bridgehead" of the linkage between the East and the West, politically, economically and culturally, through the steady implementation of the BRI.
US lawmakers are being urged to drop a push for an investigation into the purported security threat involving a Chinese battery company with plans to construct plants in the US.
The 10th China-EU High Level Economic and Trade Dialogue will be held on September 25 in Beijing, China's Ministry of Commerce said on Thursday. Chinese observers said the restart of the vital and proven mechanism in the in-person format offers a litmus test for China and the EU to work out their differences through dialogue.
Syrian President Bashar al-Assad is making a visit to China accompanied by a political and economic delegation. Experts believe that this visit will further strengthen bilateral economic and trade ties in areas ranging from infrastructure construction to cross-border yuan settlement, trade and digital technology.
Developing countries should be cautious of the US' intensified attempts to foster division within multilateral cooperation among developing nations, following its setback of manipulating agenda at the G20 summit.
The US Federal Reserve's decision to keep interest rates unchanged while maintaining a hawkish policy stance hints at profound risks for the US economy more than confidence in a "solid" economy, Chinese economists said on Thursday.
From green sporting venues equipped with wind, photovoltaic and other clean energy sources to technological applications including driverless buses and digital torchbearers, green technology has become one of the brightest spots of the upcoming 19th Asian Games, to be held from Saturday to October 8 in Hangzhou, East China's Zhejiang Province.
A number of applications to export gallium and germanium products - core parts of semiconductors - in line with China's regulations have been approved by the Ministry of Commerce (MOFCOM), and the exporters have obtained export licenses.
The German government's reported move to restrict the use of Chinese telecom equipment in the country's mobile networks, which is politically motivated, will slow down Germany's 5G deployment and cause massive costs for gear replacement, analysts said.
On the sidelines of the G20, announcement of US-led India Middle East Europe Economic Corridor (IMEC) become clear manifestation how India desires to play its cards globally. It shows that, despite knowing the potential and proven dividends of joining the Belt and Road Initiative (BRI), India has firmly decoupled itself from the global framework, believing that its interests will only be protected in the US-led circle.
From Bangkok to Jakarta, electric vehicles (EVs) manufactured by Chinese carmakers are becoming a new trend in Southeast Asian cities.
Chinese brands are introducing "cam-pets" in their streaming sales to win audiences, and these adorable hosts are bringing "cute economy" to traditional consumer sectors.
China will hold the first Global Sustainable Transport Forum in Beijing from Monday to Tuesday to be attended by some 50 senior officials and representatives of international organizations, in a bid to promote global cooperation in the transport sector and achieve sustainable development, the Ministry of Transport (MOT) said on Thursday.
The China-proposed Global Development Initiative (GDI) deals with all kinds of projects and necessities that developing countries need the most, Robert Lawrence Kuhn, chairman of the Kuhn Foundation, said.
The 10th China-EU High Level Economic and Trade Dialogue will be held on September 25 in Beijing, China's Ministry of Commerce said on Thursday.
The European Union announced last week to initiate an anti-subsidy probe into Chinese electric vehicles in order to protect Europe's own nascent EV industry. The move is widely believed to be a protectionist action aimed at hindering and stymieing one of China's new and rapidly rising manufacturing lines, which apparently contravenes the WTO's basic principle of free and fair competition.
The China Passenger Car Association (CPCA) on Wednesday urged the EU to objectively view the development of China's electric vehicle (EV) industry, rather than arbitrarily use unilateral economic and trade tools to hinder the development Chinese EV products in Europe.
In the run-up to the sixth China-Arab States Expo in northwest China's Ningxia Hui Autonomous Region, guests from countries and regions along the Belt and Road expressed their expectations for further cooperation with China.
China is witnessing a whirlwind of attracting overseas investment, with two big deals with total investment of more than $400 million seen in Suzhou, East China's Jiangsu Province in one day, highlighting the fact that China is still and will remain a magnet for overseas investment.
Chinese telecom giant Huawei Technologies' debut of the latest advanced smartphone series Mate 60 pro continues to generate shockwaves in the US, where radical US lawmakers are pushing to step up restrictions on chip technologies and investments, and a senior US official expressed "upset" at the launch of Huawei's latest smartphone with its own chips.
Vietnam has solidified its position as an emerging chip manufacturing source in the Asia-Pacific region as Washington is seeking to strengthen its relationship with Hanoi and encourage the American chip manufacturers to invest in the Southeast Asian country. The impact of this development may exceed Washington's expectations.
China's economy will be sound in the long run and there is no so-called deflation in its economy. The "bearish China" argument is doomed to fail, officials from four ministries said on Wednesday at a press conference interpreting the economic situation and policies.
The European Union Chamber of Commerce in China has suggested that the EU continues to proactively engage with China, reject calls for disengagement and ensure that EU's China strategy reflects both existing and emerging priorities and challenges, striking the right balance between collaboration and competition, according to a paper released by the commerce chamber on Wednesday.
The 2023 Beijing CBD Forum kicked off on Tuesday with announcements of projects to attract foreign investment and improve the business environment, in a bid to further enhance its competitiveness among global business centers.
A wave of tourists and a marked rise in sporting goods orders have arrived in Hangzhou, as preparations for the 19th Asian Games enter the final phase.
More than 20 foreign journalists from 14 countries have finished their interviews across a number of cities in Northwest China's Xinjiang Uygur Autonomous Region on Wednesday.
The exchange rate of the yuan against the US dollar is important, but it is not the sole indicator to reflect the yuan's value, an official from People's Bank of China (PBC) told a press conference on Wednesday in response to questions related to the yuan's recent weakening against the greenback.
Boeing is forecasting that China will need 8,560 new commercial airplanes through 2042, driven by economic growth well above the global average and increasing public demand for air travel.
China is one of Adidas' three major strategic markets in the world, and Adidas is full of confidence in the future development of the consumer market, and Chinese market has always been friendly, Bjoern Gulden, CEO of Adidas said recently.
The loan prime rate (LPR), the market-based benchmark lending rate set by China's central bank, remained unchanged in September as widely expected, considering recent rollout of stimulus measures to prop up the economy.
China's Ministry of Commerce (MOFCOM) has said that the WTO expert panel's ruling contains legal errors regarding the report on the US suing China over the latter's countermeasures against US tariffs on steel and aluminum. China has filed an appeal with the WTO over the report in accordance with relevant WTO rules, the director of the MOFCOM Department of Treaty and Law said on Tuesday.
International ocean cruise traffic to and from ports in China is set for full resumption, on the basis of the pilot resumption in the Shanghai and Shenzhen cruise ports, said China's Ministry of Transport (MOT).