Despite some Western voices calling for Germany to decouple from China, China-Germany ties remain robust following the latest visit by German Chancellor Olaf Scholz, which injected new momentum into the relationship. The Global Times reporters Zhao Jucheng and Xiong Xinyi (GT) recently interviewed Hermann Simon (Simon), inventor of the "Hidden Champions" and a famous German expert in strategy, marketing and pricing, who shared his insight on bilateral cooperation.
By recklessly politicizing normal trade in photovoltaic (PV) products with China, the US is hurting the profits of its own industries and putting up barriers on its emissions reduction path, analysts said on Tuesday, after Washington revealed preliminary results of a probe and accused four Chinese solar panel producers of "circumventing" US tariffs.
China's Foreign Ministry on Tuesday expressed opposition to unilateral tariffs that violate WTO rules and vowed necessary measures to protect China's rights and interests, as the US is reportedly pushing for an agreement with the EU on imposing additional tariffs on Chinese steel and aluminum exports.
With continuous implementation of China's targeted anti-virus measures, a recovery in people's willingness to travel in the country is expected, as more provinces have announced the lifting of temporary epidemic control zones and resumption of inter-provincial travel.
Medical care companies engaged in anti-pandemic nucleic acid testing that have made big money are rolling back their business, as China has moved to scale down massive PCR screening amid the government's shift to optimize COVID response.
A new Taiwan Semiconductor Manufacturing Co (TSMC) plant in the US was set to have a tool-in ceremony on Tuesday US time, marking the installation of the first equipment at the facility as the latest example of Washington's efforts to lure chip companies to manufacture in the US with subsidies and political maneuvers.
Eleven gas storage facilities linked to China's oil and gas pipeline network had launched gas extraction as of 8 am on Monday, with the daily amount of gas being channeled into the pipeline network exceeding 140 million cubic meters, enough to meet the increasing need for natural gas in North China, according to state-owned energy pipeline giant PipeChina.
After several months of silence, the 27-nation European Union has begun to recognize the true intentions of the Biden administration's much-trumpeted legislation passed by the US Congress, the so-called US Inflation Reduction Act (IRA).
Affected by the crude price cap on Russian seaborne oil imposed by G7 countries and worries that the US Federal Reserve could continue its aggressive monetary tightening policy, global oil prices saw sharp fluctuations on Monday. Brent crude futures were down $2.57, or 3 percent, at $83 a barrel after touching $88 during trading.
A Chinese research team recently identified key genes used to control pre-harvest sprouting of rice and wheat, which will effectively reduce crop losses and help ensure China's food security in the long term, according to the study that was published by Nature Genetics on Monday.
The Hangzhou Internet Court in East China's Zhejiang Province recently ruled on an NFT collection related lawsuit, which accepted NFT collections to be virtual assets and made judgement according to relevant law, the court announced via its official WeChat account recently.
Chinese assets staged a powerful rally on Monday, with the flagship Shanghai Composite Index regaining the 3,200 level last seen in mid-September and the yuan strengthening past the psychologically important level of 7 per US dollar.
Banks in multiple Chinese cities have launched deferred mortgage repayment services recently to ease the pressure on home buyers who have been impacted by the COVID-19 epidemic, with a maximum extension of 12 months, reports said on Monday.
The Beijing Municipal Market Supervision Bureau warned on Monday against stockpiling, spreading false news or monopoly pricing for coronavirus prevention products like masks or medicine, with sales of such products surging after many Chinese local governments optimized their COVID-19 prevention measures toward a more flexible, scientific approach.
If India wants to pile up grain reserves, the country has no choice but to achieve an increase of grain production. China and India have broad space for cooperation in the fields of agricultural infrastructure, finance, and agricultural technology.
China maintains good long-term cooperative relations with international financial institutions including the IMF and supports relevant financial institutions to properly negotiate and address debt issues with Sri Lanka, Chinese Foreign Ministry spokesperson Mao Ning said on Monday, in response to media reports about an IMF team's visit to China this week to discuss debt restructuring for Sri Lanka.
China and Australia share the same goal of reducing carbon dioxide emissions and the development of a low carbon economy, and the two nations have broad prospects for cooperation, Chinese Ambassador to Australia Xiao Qian said on Monday.
A delegation of businessmen and representatives of the Department of Commerce of East China's Zhejiang Province on Sunday departed for a six-day trip to France and Germany. The trip is the first organized by a provincial-level government since the outbreak of COVID-19 to help foreign trade enterprises explore overseas market, the Global Times learned.
China's leading new-energy vehicle (NEV) makers showcase their latest models at the 39th Thailand International Motor Expo held in Bangkok, which runs through December 12, as Chinese auto brands accelerate their go global push, along with improving their international competitiveness.
Domestic passenger flights are increasing in China as more cities gradually remove anti-COVID curbs for public transportation, and some cities have witnessed a rise of more than 200 percent in flights over the weekend.
Energy has become an important area of cooperation between China and Arab countries, a spokesperson of China's Ministry of Foreign Affairs said during a routine press conference on Monday.
Disinformation by some US politicians regarding Chinese companies, hyping the so-called risks to the US "national security", will fail to achieve their goals as the relentless crackdown won't hinder the demand of America consumers for Chinese goods and services, experts told the Global Times.
Multiple Chinese cities and provinces have announced their 2003 economic plans with a focus on expanding investment and implementing major projects, ahead of a key economic meeting of top Chinese policymakers near the end of 2022.
New energy products including household solar heating tools account for three of the top 10 best selling goods from China, according to an industry data released on Monday, highlighting the rapid response of China's industry chain to overseas market demand.
Activities in the services sector contracted further in November as anti-COVID restrictive measures in multiple provinces and cities dampened production and demand, a private survey showed on Monday.
Multiple provinces and cities across China have moved to gradually loosen anti-COVID restrictions, as local residents no longer need to present negative nucleic acid test results and scan health code when entering public venues and taking public transit systems.
China's largest land electricity application project, the Bozhong-Kenli oil field under China National Offshore Oil Corporation (CNOOC), on Monday completed the power transmission to three offshore platforms, a key milestone toward the oil field entering operation, CCTV reported.
A train loaded with a great variety of value-added goods such as bikes, lamps and ceramic tiles was dispatched from Chengdu's air-rail international combined transport port, located in Southwest China's Sichuan Province, on Sunday, before heading to Vientiane, capital of Laos, marking the first time blockchain technology was applied to the international intermodal chain.
Facing a complex and volatile international situation, foreign trade enterprises in South China's Guangdong Province, one of the country's manufacturing hubs, have actively stepped up measures including exploring new overseas and domestic markets to snap up more orders.
Chinese solar panel companies and industry insiders on Sunday expressed defiance over the US' reported plan to impose new tariffs on Chinese firms that it deems to be “circumventing” US tariffs.
The EU's possible filing of a complaint over the US so-called Inflation Reduction Act (IRA) at the WTO represents widespread global concerns, including those of China, for the foreseeable damage that US subsidies will have on global free trade and a level playing field, experts said.
On the first day of December, a box of honey pomelo sent from Zhangzhou to Xiamen, East China's Fujian Province became the nation's 100 billionth parcel shipped in 2022, a milestone which came seven days faster than last year, real-time monitor data by the State Post Bureau (SPB) revealed.
Leaders from international organizations, executives of major global financial institutions and experts on Sunday called for open and pragmatic cooperation among countries to jointly deal with multiple challenges and put the global economic recovery back on track.
A key construction project of the China-Russia east-route natural gas pipeline was completed on Saturday. It will allow Russian gas to cross the Yangtze River to reach Shanghai, laying the foundation for the full completion of the landmark China-Russia energy cooperation project.
The first direct freight train carrying tropical fruits arrived at Mohan Port in Southwest China's Yunnan Province via the China-Laos Railway, marking the operation of direct fruit transport along the railway, as the line's one year anniversary came, Xinhua News Agency reported on Sunday.
Chinese cities have moved to optimize COVID-19 responses under the principle of “consistent strategy and flexible measures” based on the weaker Omicron strain with some areas stressing precision nucleic acid testing.
The nuclear island installation of the world's first commercial land-based small modular reactor, Linglong One, has officially begun construction in South China's Hainan Province, China's Central Television reported on Sunday.
Facing “deglobalization” and “decoupling” headwinds orchestrated by the US, it is imperative for the EU and China to stand together and say no to Washington's attempt to debilitate our world.
China will conduct its fifth national economic census in 2023 to take stock of the country's economic and social development, a move that comes as the country braces for a slew of tone-setting economic symposiums in December, including the annual Central Economic Work Conference, which will lay out the macroeconomic policy foundation for a head start next year.
As the China-Laos Railway celebrates its first full year in service on Friday since going into operation, the 1,035-kilometer-long milestone project has created a bright path for developing the local economy and improving the livelihoods of people along the route under the China-proposed Belt and Road Initiative (BRI).
The Chinese Foreign Ministry on Friday urged the US to perceive China correctly and earnestly follow through on President Biden's commitment of not seeking decoupling from China, halting China's economic development or containing China.
More Chinese yuan is expected to be used in cross-border settlement between China and Russia, further promoting yuan's internationalization process, a Chinese expert said on Friday, after Russia's central bank said international settlements and payments in alternative currencies have soared at the expense of the US dollar and the euro.
The China-Laos Railway has carried a total of 8.5 million passenger trips and 11.2 million tons of cargos as of Friday on its first anniversary, according to a statement sent to the Global Times by China Railway.
On December 3, 2022, the China-Laos Railway, a landmark project under the China-proposed Belt and Road Initiative (BRI), will welcome its fi rst anniversary. Building on a foundation of fruitful cooperation including the railway, Thongloun Sisoulith, general secretary of the Lao People's Revolutionary Party Central Committee and Lao president, paid a three-day visit to China starting on Tuesday, which has further deepened the friendship and economic ties between the two neighbors.
It is understandable that some US politicians may soften their tone to appease the market at time when the US is facing serious economic headwinds, but China will follow its own speed and rhythm in economic development and modernizing the nation's strategic industries.
Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on cloud computing giants such as Amazon, Microsoft, Google and IBM, the EU said earlier this week.
When Melbourne barista Melinda Elliott had to cut back on casual work shifts this year, she asked her buy-now, pay-later (BNPL) provider, Afterpay, to lower her credit limit. She did not want debt she could not afford to repay.
As more European leaders are coming to China for talks in what appears to be a clear shift in approach to China, many are keenly watching for signs of breakthroughs in bilateral ties that have been strained over the past couple of years due to multiple factors, including internal differences and external meddling by the US. For the business communities of both sides, progress on economic and trade cooperation is of paramount importance. In this regard, the China-EU Comprehensive Agreement on Investment (CAI) is arguably one of the thorniest and yet most important items. The sweeping deal has been stuck in the ratification process within the EU and faces mounting challenges, but some positive signs are emerging.
More Chinese enterprises are embracing the concept of ESG (Environmental, Social, and Governance) as they continue to improve their sustainable development capabilities and respond to the country's goal of reducing carbon emissions.
A slew of listed Chinese Internet giants have unveiled their financial performances report in the third quarter of 2022, which shed light on the accelerated pace of industrial transformations in the country.
Challenging the US Inflation Reduction Act (IRA) is an exercise of China's rights as a WTO member, the Ministry of Commerce (MOFCOM) said on Thursday, and it urged the US to strictly fulfill its obligations under WTO rules.
The EU is willing to be a reliable and predictable partner for cooperation with China, and strengthen top-level exchanges and foster cooperation through direct dialogue so the two sides could better face global challenges, President of the European Council Charles Michel said in his meeting with Chinese President Xi Jinping.
As more Chinese local governments have moved to adopt more flexible and precise anti-epidemic measures, China's capital markets staged a rally on Thursday, as investors anticipate a strong rebound in the disease-burdened consumption sector.
Chinese localities have stepped up efforts to protect crops, vegetables and livestock, as sweeping cold waves, along with heavy snow, have affected the agriculture and husbandry sector in some areas, including North China's Inner Mongolia Autonomous Region and Northwest China's Xinjiang Uygur Autonomous Region.
China's factory activity picked up slightly in November but remained in contraction territory due to COVID-19 outbreaks in multiple places across the country, while companies showed optimism for improved businesses next year, according to a private survey on Thursday.
China is willing to join hands with Pakistan to ensure that energy projects being built under the China–Pakistan Economic Corridor (CPEC) will be completed on schedule and established energy projects will run smoothly, Foreign Ministry spokesperson Zhao Lijian said on Thursday, expecting the flagship program of the Belt and Road Initiative (BRI) to improve the South Asian nation's energy structure and lower power generation costs.
China's photovoltaic (PV) sector maintained strong growth momentum from January to October, with exports hitting a record high amid surging demand overseas, contributing to the global low-carbon energy transition and energy security.
As inflation outpaces wage growth in the US, the traditional shopping season at the end of the year seems to have lost steam, with spending per consumer falling sharply. The number of gifts US consumers plan to buy during the holiday season has also fallen, with a heavier reliance on debt spending. Meanwhile, Made-in-China clearly remains indispensable for US consumers despite Washington's “decoupling” push.
Pharmacies in multiple Chinese cities have seen an increase in consumers purchasing antiviral medicine, while the overall supply of medication remains sufficient, according to Chinese media reports.
China's benchmark Shanghai Composite Index jumped 1.16 percent in a big rally at opening of tradeon Thursday, as investors felt encouraged by a shift in local governments' coronavirus management measures with a focus on a more scientific and flexible approach.
The labor dispute on the rails highlighted yet again the challenges facing the US economy. How to solve the deep-seated problems such as inflation, rising labor cost, and supply chain disruption is a key issue that needs to be properly dealt with.
The UK government confirmed on Tuesday that it would spend 700 million pounds ($839 million) of its taxpayers' money amid the worst cost-of-living crisis in decades simply to buy out a Chinese firm's stake in the Sizewell C nuclear power plant, which has been plagued by massive delays, uncalculatable costs and serious pushback from some UK groups.
The relations between China and the UK are at a crossroads after UK Prime Minister Rishi Sunak announced in his first foreign policy speech on Monday that the "golden era" of UK-China relations is over. Calls for a potential decoupling with China are on the rise among British politicians, which is particular evident in the high-tech sectors such as semiconductors and nuclear power. The Global Times (GT) recently conducted in an interview with Lord Neil Davidson (Lord Davidson), Shadow Treasury Minister for the Labour Party of the UK and member of the House of Lords, who shared his insights on the China-UK relations, UK's policy direction toward China and the development of China-propsed Belt and Road Initiative within the European bloc.
Northwest China's Xinjiang Uygur Autonomous Region is gradually resuming public transportation, with flights and railway routes partially restored.
As the China-Laos Railway will soon mark its first anniversary of operation, a group of Chinese firms and research institutions have kicked off a two-week field study along the route of the railway, exploring cooperation with local companies in Laos and Thailand, the Global Times learned on Wednesday.
A stock link-up between China and Germany is on the horizon, Niels Tomm, representative of the board at Deutsche Börse, said at a forum in Shanghai that ended on Wednesday, in a major step toward enhancing China-Europe capital market connectivity.
Chinese Foreign Ministry on Wednesday urged the UK to provide a fair, just and non-discriminatory environment for Chinese companies and create favorable conditions for China-UK cooperation after the British government squeezed Chinese investment out of a power project on so-called national security grounds.
Many companies in Guangzhou, South China's Guangdong Province are actively preparing to resume work and production after the local government announced optimized anti-epidemic measures and vowed to stabilize overall economic development.
China is deploying both domestic and overseas energy resources to ensure stable supplies for winter heating, while further optimizing the country's energy mix to enhance supply security amid a complex international energy situation, and officials stressed on Wednesday that energy supply remains sufficient and stable.
Local governments in China issued 439.9 billion yuan ($61.6 billion) in new special-purpose bonds in October, up from 24.1 billion yuan in September and 51.6 billion yuan in August, as the country accelerates fundraising to shore up the economy amid a conflux of headwinds ranging from COVID-19 flare-ups to global geopolitical uncertainties.
China's factory activity further contracted in November as COVID-related restrictive measures in multiple provinces and cities and weaker market demand hit manufacturing and export. Experts called for more policy stimulus in order to put the economy back on normal track as soon as possible.
The tech giant Baidu Inc Tuesday announced plans to build the world's largest autonomous ride-hailing service area in 2023. The announcement came during a celebration of Apollo Day, Baidu's autonomous driving tech event.
The State Post Bureau (SPB) of China on Tuesday refuted a market rumor of large area suspension of logistics sector, noting that the current operation is running normally.
Chinese Premier Li Keqiang on Tuesday said that energy cooperation is the cornerstone of practical cooperation between China and Kazakhstan, and it is hoped that Kazakhstan will ensure the stable supply of gas to China in accordance with the contract and increase its gas supply in winter as much as possible.
"Grab a coffee" now seems to become an omnipotent invitation among Chinese consumers, from meeting the social demand for basically all scenarios to refreshing the mind for hard workers all at a sip.
Chinese President Xi Jinping said on Tuesday that China is ready to work with Russia to forge a closer partnership in energy cooperation, the Xinhua News Agency reported, as both countries are seeking to expand energy trade amid an increasingly unstable global energy market.
Days after flocking to stores on Black Friday, American consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price due to high inflation, the Associated Press (AP) reported on Monday.
The producer of China's passenger aircraft C919 said on Tuesday that the plane has won the production certificate (PC) from the regulator, the Civil Aviation Administration of China (CAAC), a milestone toward the mass production of the aircraft.
China's C919 jet receives production certificate from CAAC, a milestone for mass production
China will continue to pursue its opening-up policy on a larger scale and in a deeper manner, Foreign Ministry spokesperson Zhao Lijian said on Tuesday.
China's infrastructure construction is accelerating, an indication that the central government aspires to do whatever in its capacity to build up public confidence in the country's economic growth despite a new wave of coronavirus outbreaks.
China-Laos energy cooperation has brought new development opportunities to remote villages in the Southeast Asian nation's mountainous regions, assisting the hydropower-rich nation to leverage its water resource and boost electricity export, business representatives said on Tuesday.
The cumulative number of China-Europe freight trains via Manzhouli Port in North China's Inner Mongolia Autonomous Region and Suifenhe Port in Northeast China's Heilongjiang Province reached 20,000 on Tuesday, a milestone for what's known as the eastern passageways that have been in operation since 2013.
China's Ministry of Agriculture and Rural Affairs (MOA) organized a number of wholesale markets to purchase 4,677 tons of unsold vegetables in Central China's Henan Province from November 22 to 28. Henan is one of the largest vegetable production provinces in the country.
Chinese analysts on Tuesday criticized US Senate Majority Leader Chuck Schumer's proposal to ban the US government from conducting business with firms that use Chinese-made semiconductors, stressing the move only serves political goals and does nothing to benefit the global supply chain.
China's main foreign trade promotion agency said on Tuesday that it has recently approved 15 overseas economic and trade exhibition projects out of 35 such exhibitions planned to boost exports, which face downward pressure amid weak external demand and domestic COVID-19 flare-ups.
If India wants to assure that its G20 presidency will be “inclusive, ambitious, decisive and action-oriented,” the country should have a more positive attitude toward its cooperation and interaction with other G20 members, including China.
China's securities regulator announced on Monday the resumption of mergers and acquisitions (M&As) by real estate developers and refinancing by the listed developers, among newly announced five measures that take effect immediately, in an attempt to invigorate the slumped property sector.
China's brain-computer interfaces (BCI) development has gained marked progress, according to an industry insider, as domestic firms continue to churn out products and services in the emerging field that could be worth of trillions of dollars over coming decades.
Some prominent Chinese economists have predicted that China will further step monetary policy support for the economy, after a series of recent government support measures to shore up the world's second-largest economy to ensure growth in a reasonable range.
China has been expanding opening-up during the past 40 years, as it is committed to providing foreign investors with a market-oriented, legalized and internationalized business environment, Zhao Lijian, a spokesperson of China's Foreign Ministry, said on Monday.
China and South Korea recently held a series of economic and trade events recently, from official meetings and investment fairs to people-to-people dialogues. Experts said that the exchanges are necessary and timely amid a gloomy and more uncertain global economic outlook, and will contribute to in-depth cooperation between the two countries and help industrial supply chains stability.
The south tube of an underwater tunnel in Bangladesh built by a Chinese company has been completed, which is expected to drive local economic development, regional connectivity and promote the China-proposed Belt and Road Initiative (BRI).
China will extend tariff exemptions for six months on some US goods subject to countermeasures against US Section 301 measures, according to an official announcement on Monday, in what analysts call a standard and reciprocal move after the US also announced similar exemptions.
Russia's recent launch of the yuan and Hong Kong dollar denominated open-ended fund is the latest example of the Chinese currency's quickened pace of internalization, in large part because of overseas investors' growing interest in holding Chinese financial assets, experts said.
China-imported natural gas via China-Central Asia Gas Pipeline has surpassed 40 billion cubic meters as of now in 2022, according to the monitor of West Pipeline Company under the China Oil & Gas Pipeline Network Corporation (PipeChina) in Khorgas City, Northwest China's Xinjiang Uygur Autonomous Regions, China News Agency reported on Monday.
Beijing is eyeing a larger role as the country's financial management center, as the Chinese capital, which hosts its own stock exchange and financial court, seeks to expand its functionality beyond being the national political center, regulatory authorities and financial industry insiders said on Wednesday at the conclusion of a keenly watched financial forum.
First all-cargo route opens in China's first professional cargo hub airport
Production and sales of new-energy vehicles (NEVs) have soared in China since the beginning of 2022, thanks to the central government's persistent efforts to accelerate high-quality manufacturing and build up the nation's industrial competitiveness in the global marketplace. At the same time, China is committed to green and sustainable development in order to reduce greenhouse gas emissions and lead in the worldwide push to combat climate change.
With winter grain sowing across China surpassing 99 percent of the total, experts said on Sunday that the smooth sowing this season has laid a solid foundation for next year's harvest, contributing to the global food security while facilitating economic growth despite the downward pressure.