Technological innovation has empowered the energy transition and green development of Beijing, which has also had a spillover effect on the Beijing-Tianjin-Hebei (Jing-Jin-Ji) region in North China, the Global Times observed through a visit to the national green development demonstration zone in Tongzhou district, Beijing's sub-city center.
Chinese observers on Sunday said that calls by a US manufacturing advocacy group–Alliance for American Manufacturing (AAM) – for the US to block imports of Chinese vehicles and parts from Mexico are intended to have a chilling effect, which will prevent US consumers from benefiting from affordable and high-quality products and are contrary to its principles of the market economy.
Chinese provinces and cities are starting off strong with obtaining overseas orders in the Year of the Dragon by sending teams abroad while actively participating in international exhibitions.
Multiple foreign-funded financial institutions have released their financial results for 2023, reporting remarkable performances in the Chinese market while expressing confidence in the growth opportunities in the market in the medium to long term.
A reviving real estate sector, coupled with a rallying stock market, will strongly accelerate overall social confidence and the ordinary households' sense of wealth gain in China, which will help lift up GDP growth in 2024.
More than 300 Chinese technology companies will attend the annual Mobile World Congress (MWC) 2024 in Barcelona, Spain, as analysts said that Chinese firms are ready to share their latest innovations in 5G and artificial intelligence (AI) at the event.
The consumption made during China's traditional Lantern Festival, which is seen as a conclusion to the two-week celebration of the Chinese Lunar New Year, extended the buying fever seen in the Spring Festival holidays, data from various Chinese platforms showed.
Several autonomous driving companies in China has been permitted to carry out more manned demonstration activities on city motorways, latest development of Chinese autonomous driving firms supported by government policies.
The Democratic Progressive Party authorities on the Taiwan island aim to reduce reliance on the Chinese mainland, which won't bode well for the island, the head of the Association of Taiwan Investment Enterprises said on Saturday, urging both sides across the Taiwan Straits to strengthen cooperation for mutual economic development.
Chinese oil giant CNOOC said on Sunday it has made a significant discovery in the Bozhong 26-6 oilfield in the country's northern Bohai Sea, revealing additional proven reserves exceeding 40million cubic meters. The oilfield's petroleum reservoir now boasts an accumulative 200 million cubic meters, making it the world's largest metamorphic oilfield.
The China Chamber of Commerce to the EU (CCCEU) on Friday launched a financial working group and held a forum on cross-border yuan payment and trade cooperation, aiming to strengthen China-EU financial collaboration, even as businesses seek to navigate challenges posed by increasing trade protectionism in the EU.
A sea-rail intermodal train loaded with 100 TEUs of thermos cups, folding chairs and other goods departs from a train station in Jinhua City, East China's Zhejiang Province, and heads for Ningbo Zhoushan Port, to ship overseas on February 23, 2024. It is the station's first freight train trip after resumption of work following the Spring Festival. Photo: VCG
Saturday marks China's traditional Lantern Festival, the 15th day of the first lunar month of the Year of the Dragon. On the day that concludes the two-week-celebration of the Chinese New Year, the nation's consumption performance is set to prolong the buying fever seen in the Spring Festival holidays.
Multinational companies remain optimistic about the development opportunities in the Chinese market, evident in their great enthusiasm in investing more in China, an official from China's Ministry of Commerce (MOFCOM) said on Friday, as the nation welcomes a good start to the Year of the Dragon.
China's three major A-share indexes continued to close higher across the board on Friday trading, with the benchmark Shanghai Composite Index regaining 3,000 points and recovering all losses since the beginning of 2024. Experts said they were mainly boosted by effective support policies to stabilize the stock market and continuous improvement of economic fundamentals.
Chinese agricultural companies have ratcheted up collaboration with Brazilian counterparts through mergers and acquisitions, reflecting closer economic relations and China's imperative to secure and diversify food supplies, as the two countries celebrate their 50th anniversary this year.
China and the US have maintained communication through bilateral and multilateral channels on debt issues, and China is willing to work with all sides to continue making efforts for easing the debt of developing countries, Mao Ning, spokesperson of the Ministry of Foreign Affairs of China, said on Friday.
China's Foreign Ministry (FM) said on Friday that US claims about national security concerns related to China-made cranes are completely unfounded, and vowed to protect the legal rights of Chinese enterprises.
China's new home prices in first-tier cities declined 0.3 percent in January in month-on-month terms, narrowing 0.1 percentage point from that of December, data from the National Bureau of Statistics (NBS) showed on Friday. That in secondary markets edged down by 1 percent in January compared with December, also narrowing 0.1 percentage point from the previous month.
China's benchmark Shanghai Composite Index once reached and surpassed 3000 points on Friday morning trading, recovering all the losses since the beginning of 2024.
The US' plan to invest billions in domestic manufacturing of cargo cranes to replace ones made in China due to so-called potential "national security risks" is absurd and unlikely to succeed, experts said.
The China Securities Regulatory Commission (CSRC) said on Thursday that domestic stock exchanges have taken regulatory measures to address abnormal trading by certain institutions, but these moves are not restrictions on selling.
Europe was once the world's leader in terms of the development of wind energy, but right now, some industry leaders have to resort to trade protectionism to stave off competition from China. This is the tragedy of Europe's wind power industry.
China's Ministry of Commerce (MOFCOM) is advancing the investigation process regarding the anti-dumping and countervailing tariffs on Australian wine in accordance with the law, and will conduct a comprehensive review of the claims and evidence of all corresponding parties, ministry spokesperson He Yadong said at a regular press conference on Thursday.
India's reported opposition to a China-led investment protocol at the WTO has laid bare its Sinophobia and narrow mind, observers said, as the move is a fresh attempt by New Delhi to curb the growing global influence of China, the world's largest developing country, which India deems as a competitor “for the crown as the spokesperson for the developing world.”
US chip giant Nvidia reiterated on Wednesday its commitment to staying in the Chinese market during the release of its fiscal fourth-quarter earnings, showing the firm's strong determination to maintain a presence in the thriving Chinese market, despite the ongoing threat of US sanctions aimed at technology decoupling from China.
In the past several working days since the end of the Chinese Lunar New Year holidays, construction work has started on many foreign-funded projects, while others are expanding, and yet other firms are planning to expand in the Chinese market, according to media reports on Thursday, underscoring growing interest and confidence among multinationals in China.
Confiscating Russian assets could have severe negative consequences for the ongoing conflict in Ukraine. Instead of seizing the assets, they could be frozen and returned as part of a more extensive peace process. This approach would increase the chances of reaching a compromise and ending the conflict.
The West has now expanded the sanctions to almost all aspects of its relations with Russia. The most critical areas include energy imports from Russia, manufactured goods and technology imports, and Russian financial assets abroad. These three areas were also the closest points of contact between Russia and the West before the conflict. Looking at the sanctions, it is clear that this process has resulted in a lose-lose situation.
As the yuan remained the world's fourth most active currency for a third month in January, a symbol of steady progress in its internationalization, analysts said that in the medium term, the yuan should benchmark the internationalization level of the euro, which is currently the second most-traded currency.
China's Commerce Ministry on Thursday urged the EU to adhere to the WTO rules, respect the principle of market economy and use foreign subsidies regulation prudently, in response to European Commission's anti-subsidy investigation into CRRC Qingdao Sifang Locomotive.
A number of CPEC projects are making renewed progress as the China Pakistan Economic Corridor (CPEC), a flagship project under the China-proposed Belt and Road Initiative (BRI), enters its next phase, helping the country to alleviate energy shortage and empowering its economic growth.
The Chinese yuan surpassed the Japanese yen for the third consecutive month to become the world's fourth most active currency in January, accounting for 4.51 percent of global payments, according to data from global payment services provider Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Thursday.
Nvidia unveiled its fiscal fourth-quarter earnings on Wednesday, revealing a significant leap in profits, with its quarterly revenue growing 265 percent year-on-year to reach $22.1 billion.
Civil aviation in China saw a red-hot start to the year in January, with passenger traffic rising 44.6 percent year-on-year. Passenger traffic on international routes also increased significantly, official statistics showed.
China has started the drafting of a law for promotion of the private economy and the legislative process will be accelerated, in a bid to put into practice the requirement for equal treatment of state-owned enterprises and private enterprises in the legal system, China Media Group reported on Wednesday.
China has recently launched an action plan to enhance digital literacy and skills, a collaborative strategy designed to yield results across the nation by the end of 2024. The initiative is part of China's broader strategy to support development of the digital economy.
China needs to play a constructive role in talks at the World Trade Organization (WTO) to reform global trade rules on industry subsidies, or risk rivals setting their own policies at China's expense, European Trade Commissioner Valdis Dombrovskis said on Monday, Reuters reported.
China's first-tier economic heavyweight cities - 26 cities each with a GDP of more than 1 trillion yuan ($139.1 billion) in 2023 - have set their annual GDP targets a notch higher this year as localities conclude their local two sessions.
Several top asset management giants have increased their stakes in leading Chinese concept stocks in preparation for the further recovery of the Chinese capital market, boosted by a slew of stabilization measures.
The US government's reported plan to award $1.5 billion in subsidies to another US chipmaker showed Washington's intensified efforts to lure more chipmakers to expand production within its borders, but such protectionist, anti-market moves are unlikely to reshape the global chip supply chain to reassert its dominance, Chinese experts said on Wednesday.
Japan's exports to China jumped 29.2 percent year-on-year in January, a key driver of its overall export increase for the month, Japanese media outlet Nikkei reported on Wednesday.
China's auto industry has showed a remarkable performance at the beginning of the year as the output, domestic sales and exports all rose year-on-year in January, with the growth momentum set to persist all year.
Wearing new clothes is a traditional Chinese custom for celebrating the Lunar New Year. During the just-ended Spring Festival holidays, the traditional skirt mamianqun, literally meaning "horse-face skirt," has become a favorite chic of the younger generation as the "New Year gala attire."
In a notable shift within China's technology sector, Huawei overtook Apple to become the top brand in China's tablet market in the last quarter of 2023. The achievement marks the first time since 2010 that Apple has been displaced at the top of China's tablet market.
China welcomed an announcement by the World Bank of the appointment of Zhang Wencai, vice president of the Export-Import Bank of China, as managing director and chief administrative officer (CAO) of the bank, Mao Ning, a spokesperson of China's Foreign Ministry, told a press conference on Wednesday.
China's benchmark Shanghai composite stock index rose for the sixth straight day on Wednesday, up nearly 1 percent to close at 2,950.96 points.
Two major stock exchanges in China said a reporting system has been set up for quantitative trading in separate statements released late Tuesday, adding that they will continue to strengthen the monitoring and analysis of quantitative trading, especially high-frequency trading, and promptly evaluate and improve the reporting system.
Chinese companies in India have reportedly agreed, under pressure from the Indian government, to outsource their manufacturing processes to Indian companies, a move that local media outlets hailed as a "big victory" for local players. However, it is likened to an "arranged marriage," and it may disrupt normal cooperation in business and trade if normal business decisions are subject to the government intervention.
Some of China's economic heavyweight provinces started working on thousands of projects in the first week after the eight-day Spring Festival holidays, with an emphasis on new productive forces and broadening the channels for private investment.
China's top stock market regulator, led by its newly appointed chairman, over two days held more than 10 back-to-back meetings with a wide range of market participants to solicit suggestions on regulations, risk prevention and high-quality development, according to media reports on Tuesday.
Chinese analysts rebuked a Dutch official's claim that China aims to seek military advantages from Netherlands-based ASML's chipmaking tools, saying that the Dutch government's crackdown on China's chip industry – under pressure from the US – may come with a heavy price for the Netherlands, which could lose one of the world's largest chip markets.
Two C919 and three ARJ 21 jets, which were developed by Commercial Aircraft Corp of China (COMAC), debuted at the Singapore Airshow on Tuesday, using various formats and performances, COMAC said in a statement sent to the Global Times.
China slammed protectionist actions by the US and the EU against Chinese car exports on Tuesday, saying that the leapfrog development of China's vehicle industry has provided cost-effective products with high quality to the world.
Anchoring the goal of building a financial powerhouse, China on Tuesday reiterated its determination to strengthen financial regulation with “teeth and thorns” and enhance the “regulation of the regulators.”
China State Shipbuilding Corp has obtained an order to sell its ammonia powered container ships to Belgian ship owner CMB.Tech, according to the China Ship News on Monday.
China's central bank on Tuesday cut its benchmark mortgage reference rate by 25 basis points, the largest one-time rate reduction in years, in a renewed effort to stimulate credit demand and revive the property market.
China's central bank cuts 5-year LPR by 25 basis points
In a concerted effort to harness the burgeoning value of data resources and accelerate the development of its digital economy, China has recently announced a comprehensive nationwide survey of data resources. The collaborative effort involves multiple departments including the newly founded National Data Administration.
China's second-hand house market rebounded during the 2024 Spring Festival holidays, with the nationwide transaction volume surging by 70 percent, data from Beike Research Institute showed.
China has announced that it will lift a ban on imports of Spanish beef, a new beginning for EU beef exports after an embargo that lasted nearly one-quarter century. The move was announced by Chinese Foreign Minister Wang Yi when he paid a visit to Spain, as Wang said that China regards Spain as a good and trustworthy partner in the EU and stands ready to inject new momentum into China-EU relations.
China's top securities regulator on Sunday and Monday held symposiums to solicit public opinion on strengthening supervision and promoting high-quality development of the capital market, as well as risk prevention and mitigation.
China's three major A-share indexes closed higher across the board on Monday, the first day that the country opened trading in the Year of the Dragon, heralding a strong start to the new year.
From rapidly progressing infrastructure to technological achievements, the development of the Beijing-Tianjin-Hebei region has been impressive since the proposal of a national strategy dedicated to coordinated development of the region came out in February 2014.
China's Ministry of Agriculture and Rural Affairs (MOA) on Monday issued an implementation guideline on promoting comprehensive rural revitalization. Observers said that it is a key step in the follow-up of the No 1 Central Document for 2024 – the first policy statement the central government releases at the beginning of each year, which focuses on agricultural and rural issues.
It is not much of a surprise that Apple appears to be facing an uphill battle to reverse falling iPhone sales in China. Analysis of the manufacturing industry and supply chain may help people see Apple's performance in China from a new perspective.
Chinese airlines are ramping up efforts to expand overseas flight routes during the Spring Festival, with Southeast Asia being one of the most popular market and some cities enjoying a load factor of above 90 percent.
China has recently moved to prop up its stock market, in an intensified bid to strengthen investor confidence and shore up domestic buying power that underpins China's overall economic rebound. A set of well-coordinated macro policy tools are necessary to backstop the market. It is of great importance for the policymakers to rectify market malpractices and overturn the negative market narrative.
China's Ministry of Agriculture and Rural Affairs on Monday vowed to step up efforts to achieve a bumper grain harvest in 2024 and ensure grain output reach more than 1.3 trillion jin (650 million tons) in a bid to safeguard the country's food security.
China will continue to promote cross-border travel as a way to boost high-quality opening up, and create a better condition for the global community to share China's growth opportunity, a Chinese Foreign Ministry spokesperson said on Monday, commenting on a surge of overseas trips made by Chinese tourists during the Spring Festival holidays.
South Korean foreign trade suffered several setbacks last year, but it is seeing positive opportunities in 2024. China's information technology (IT) industry is recovering at a rate of 9.3 percent this year, surpassing the global average of 6.8 percent. This development is expected to drive an increase in South Korea's IT products exports to China, according to a report released by the Korea International Trade Association (KITA).
As artificial intelligence (AI) innovations are starting to reshape people's daily lives, Chinese smartphone makers have ramped up the development of AI phones, showcasing the endeavors of Chinese enterprises in independent research and development (R&D) in leading technologies.
While some political elites play up "de-risking" from China, German companies have obviously voted with their feet. Their direct investment in China reached a record of nearly 12 billion euros ($13 billion) in 2023, Bloomberg reported.
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) celebrated its 5th anniversary on Sunday. With an estimated economic output of more than 13.6 trillion yuan ($1.91 trillion) in 2023, the region is entering its best development phase now.
China's central bank on Sunday announced its first medium-term lending facility (MLF) operation in the Year of the Dragon, continuing a streak of 15 consecutive months of net fund injections through MLF loans to maintain reasonable and ample liquidity in the banking system.
Chinese carmaker BYD said it will invest more to help expand new-energy vehicle (NEV) exports via sea shipping, with seven new roll-on/roll-off (ro-ro) ships - for wheeled cargo transport - expected to begin operating in the next two years, Wang Chuanfu, chairman and president of BYD, said on Sunday.
China's securities regulator recently sent feedback to Citi regarding its application to establish a wholly foreign-owned securities unit in China. Analysts said that judging from the recently disclosed approval progress, such an entity may be approved.
China on Sunday reported record-high figures for domestic travel and spending during the just-concluded Chinese Lunar New Year holidays, with both figures also largely exceeding those of the same period in 2019 before the outbreak of the COVID-19 pandemic, further indicating that recovery in consumption is picking up pace.
Ports, trains and e-commerce depots in China's vibrant logistics links were up and running during the eight-day Chinese New Year holidays, with record work performances registered, demonstrating great supply chain resilience, even though most people in the world's second-largest economy were off work for the annual holidays.
The number of visitors from Chinese mainland to the Hong Kong Special Administrative Region (HKSAR) during the Spring Festival holidays exceeded the number seen five years ago prior to the pandemic, a spokesperson from the HKSAR government said in a statement on Sunday, expecting local tourism to flourish.
China's A-share market is expected to extend its rebound on Monday, the first trading day after the Spring Festival holidays, on the back of robust travel and consumption figures as well as new policies to bolster the economy and promote the healthy development of the capital market, analysts said.
Holiday travel and spending during the just concluded Chinese Lunar New Year recess hit record highs, surpassing pre-pandemic levels seen in 2019, official data revealed on Sunday.
There were 13.52 million inbound and outbound trips made during the 8-day Spring Festival holidays, and on average 1.69 million border entries and exits were made every day, an increase of 2.8 times compared with the same period last year and reaching nearly 90 percent of the levels seen in 2019, data from the National Immigration Administration (NIA) showed on Sunday.
It is not surprising that some Western observers and media outlets are once again resorting to promoting the "China threat" theory in order to exert pressure on Chinese manufacturing industries. This time, their target is China's shipbuilding sector. Vigilantly, these false accusations have the potential to disrupt the global supply chain and further harm the world's already fragile economy.
A growing number of indicators, including record numbers of passenger trips and box office revenue during the Chinese Lunar New Year holidays, which ended on Saturday, highlighted a bustling holiday travel and consumption peak in China, continuing a tourism boom since the beginning of 2024 that has lifted expectations for China's economic recovery.
China witnessed explosive growth in outbound tourism during this year's Spring Festival holidays (February 10-17), notably surpassing the figures for 2019. The surge in outbound travel from China hit back at hype by Western media outlets that attributed the global tourism slump to a decline in Chinese travelers.
The main Chinese business group in the EU on Saturday slammed the EU's so-called anti-trust investigation into a Chinese train maker, saying it is disappointed and has deep concerns over the EU move, while warning the bloc against discriminatory actions against Chinese companies.
China will give greater priority to ensuring the employment of key groups and strengthening the recovery momentum of the job market. Analysts stressed that China has a solid foundation for employment in 2024 as the economic recovery will continue to create new jobs and new productive forces will increase the demand for talent.
The Bank of China (BOC) said on Saturday that it has proactively implemented the financing coordination mechanism and supported the reasonable financing needs of real estate developers, in a bid to promote the stable and healthy development of the property sector.
In response to an unprecedented surge in traveler flow during the Chinese New Year holidays, the Civil Aviation Administration of China has approved an increase in the number of flights out of South China's Hainan Province, to accommodate the overwhelming demand for flights leaving the island.
China's domestically manufactured C919 passenger aircraft has arrived at Singapore Changi International Airport ahead of the coming Singapore Airshow, China Eastern Airlines, the aircraft's operator, said on Saturday.
Chinese provinces and multiple departments have taken measures to ensure safe and smooth travel, as the eight-day Spring Festival holidays usher in intensive return journeys starting from Thursday.
Packed restaurants, crowded scenic spots, and laughs of tourists unlocking new experiences have been seen every day during the eight-day Spring Festival holidays across China amid the tourism boom, especially in popular destinations such as Southwest China's Chongqing Municipality, Shaxian county and Quanzhou city in East China's Fujian Province.
Since the Spring Festival holiday began a few days ago, the duty-free consumption market in China's island province of Hainan has witnessed a new wave of shopping boom.
China's small and medium-sized enterprises (SMEs) are off to a good start in 2024, with business activities picking up in January, according to an industry survey released on Wednesday, as a slew of policy measures and the continued economic recovery help improve sentiments among SMEs.
Chinese-brand passenger vehicle sales jumped 68.6 percent year on year in January 2024, industry data showed.
Technology experts on Monday met in Nairobi, the Kenyan capital, to promote the development of smart cities in Africa.
As half of China's eight-day Spring Festival holidays has passed, the record-setting domestic trips of the travel peak this year are facilitating consumption across the country.
Data from China Tourism Academy showed that the number of domestic tourist trips is expected to exceed 6 billion in 2024, with the total number of inbound and outbound tourist trips expected to exceed 260 million.
Many media outlets have recently provided their forecasts for the global economic outlook in 2024, and some of these predictions are notably pessimistic. Given the escalating Russia-Ukraine conflict and the political tensions stemming from US election, there is a growing interest in how to assess the economic conditions of both China and the world as a whole this year.