The State Council, China's cabinet, on Monday gave the green light to Beijing's plan to allow foreign shareholding of no more than 50 percent in domestic virtual private network (VPN) services as part of the capital city's moves to open up its services sector.
The Hong Kong Exchanges and Clearing (HKEX), the operator of Asia's third-largest stock exchange, on Monday launched its first A-share derivatives contract, offering global investors an appealing risk management tool that attests to China's economic rebalancing, as the Hong Kong Special Administrative Region (HKSAR) muscles in as an international financial hub that backstops the globalization of the country's capital markets.
China's GDP grew by 9.8 percent year-on-year in the first three quarters, though economic growth in the third quarter slowed to a one-year low of 4.9 percent amid unexpected economic challenges including a power crunch and coronavirus resurgence, but is still within the reasonable growth range, experts said, who remained unswerving in their expectation that China will have no problem meeting its previously set yearly economic target.
China's top market regulator is planning to hire more employees in its Beijing head office, with the anti-monopoly bureau getting the largest number of new hires, reflecting the agency's priority to continue the crackdown campaign against monopolies.
China welcomes US companies to expand investment in China and deepen mutually beneficial cooperation, a senior Chinese official said on Monday, adding to growing positive signs for potential improvement in China-US trade ties and implementation of the China-US phase one trade agreement.
China will deepen energy cooperation with partner countries under the Belt and Road Initiative (BRI) in the nuclear, new energy and smart energy sectors, as countries rise to climate challenges, Vice Premier Han Zheng said at the second Belt and Road Energy Ministerial Conference held in Qingdao, East China's Shandong Province on Monday.
A senior executive of China's nuclear power conglomerate China General Nuclear Power Corp (CGN) told the Global Times on Monday that there should be no security or economic problems regarding the global nuclear power development and Chinese professionals are able to address certain issues, in responding to a reported plan by the UK to oust the Chinese firm from a major project.
US investment bank Goldman Sachs has received approval from the China Securities Regulatory Commission (CSRC) to take full ownership of its securities joint venture in China, Goldman Sachs Gao Hua Securities Co (GSGH), the company said on Sunday.
China's housing market remains basically stable and will not significantly affect the country's economic growth, a senior official from the National Bureau of Statistics (NBS) said on Monday.
Power shortages in some parts of China will be eased in the near future with limited impact on the economy, an official from China's National Bureau of Statistics (NBS) said at a briefing on Monday.
China created 10.45 million new urban jobs in the first three quarters of 2021, completing 95 percent of the government's annual jobs target, the National Bureau of Statistics (NBS) said on Monday.
Sony's China branch was fined 1 million yuan ($0.15 million) by Beijing's market regulator on October 12 for its advertisement related to the July 7th Incident in 1937. The company was accused of undermining national dignity and interests, Beijing Daily reported on Sunday.
The first A-share derivatives product launched by the Hong Kong Exchanges and Clearing Limited (HKEX) based on the MSCI China A 50 Connect Index officially start trading on Monday.
Natural gas storage Wei 11 in Puyang, Central China's Henan Province entered service on Monday, which means the complete of North China's largest natural gas storage group with total capacity of over 10 billion cubic meters, Sinopec told the Global Times on Monday.
China's GDP expanded 4.9 percent in the third quarter of 2021, slowing from previous quarters amid rising economic challenges including a power crunch and the global supply chain bottleneck. The growth is slightly lower than market expectations which put it at 5 percent.
Australia is set to suffer great losses in its energy trade with China, as China now reportedly seeks to lock in long-term liquefied natural gas (LNG) supplies from the US, following the recent power crunch caused by surging coal prices.
It was exciting and even emotional to see the 130th session of the Canton Fair held in October, which was again crowded with exhibitors, buyers and services providers at halls covering 400,000 square meters, the size of about 56 football fields, after three sessions held online due to the COVID-19 outbreak.
Christmas product sellers across China are ramping up production to make a final sprint before the Christmas season, as shipping freight rates have fallen by more than 20 percent in two weeks, Chinese vendors and logistics companies told the Global Times on Sunday.
China will continue deepening rectification of the country's internet and telecommunications sectors by strengthening supervision of relevant companies, in a bid to create a safe and orderly market and ensure fair competition, a senior official said on Sunday.
With white cotton blossoming in the fields and fluttering in the air like snowflakes, Northwest China's Xinjiang Uygur Autonomous Region, the country's largest cotton production base that accounts for over 85 percent of the nation's output, is embracing another bumper cotton harvest season this month.
China is accelerating the construction of photovoltaic power stations in deserts to support its environmental protection goals and develop renewable energy after several major renewable energy projects were revealed at the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15).
China's Baosteel refuted the validity a lawsuit launched by Japanese steel enterprise Nippon Steel for patent infringement, the China Securities Journals reported on Saturday. Baosteel also vowed to respond to the lawsuit and protect the company's rights and interests.
The trading price for electricity in East China's Jiangsu Province surged 19.94 percent in mid-October after the implementation of recently issued plans to improve the country's coal-fired power pricing mechanism.
Hong Kong will build a new logistics center at Hong Kong airport and in Dongguan in Hong Kong's neighboring province Guangdong in South China, targeting high value third-party logistics services and facilitating intermediary trade, said the Finance Secretary of the Hong Kong Special Administration Region (HKSAR) on Friday.
China's central bank on Friday said the spillover effects of China Evergrande Group's liquidity crisis are controllable, the first public statement since the company was summoned by the regulator in August.
An article by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on the concrete actions to promote common prosperity will be published.
Over 22 million tons of coals have been shipped off from northern part of coal-producing Shanxi Province in North China by train in the first half of October, the China State Railway Group said on Friday.
China's largest offshore oil producer China National Offshore Oil Corp (CNOOC) on Friday announced that it will onstream China's first offshore oil platform equipped with smart technology, potentially boosting operation efficiency by 30 percent.
The shortage of chips may reduce car production by about 2 million units throughout the year in China, Chen Bin, Executive Vice President from China Machinery Industry Federation said on Friday.
On a bright and clear Friday afternoon, a total of 14 cotton-picking machines were lining up at a 1,500-mu (100 hectares）cotton fields in Shaya county, Northwest China's Xinjiang Uygur Autonomous Region. With a brisk whistle and folk songs being played, the 14 pickers started roaring and moving forward at the same time - marking the start of a month-long bumper harvest season of Xinjiang's pure, white cotton that thousands of locals sing and dance to celebrate.
The Chinese unit of British luxury automobile maker Rolls-Royce Motor Cars withdrew a video advertisement from its Twitter-like Sina Weibo social media platform after the advertisement caused a controversy among netizens, many claiming to be owners or potential buyers of Rolls-Royce limousines.
Securities regulatory authorities in Shanghai recently issued a notice targeting local securities traders to further strengthen supervision of securities practitioners' social media platforms, according to media reports.
China's cargo industry has witnessed a full recovery from January to September, official data showed on Thursday.
Shenzhen, China's burgeoning technology hub and a leading demonstration zone, has pushed forward pilot reforms and achieved remarkable results over the past year in building the city into a socialist demonstration area, local officials said on Thursday.
A dozen centrally-administered state-owned enterprises (SOEs) in various industries have set up a platform for making breakthroughs in auto technologies that are vulnerable to external risks, according to media reports on Thursday.
Chinese President Xi Jinping announced on Thursday that China will establish a Global Innovation and Knowledge Center for Sustainable Transport and develop a green and digital Belt and Road Initiative at a faster pace, as part of the country's broad contributions to the development of global sustainable transport.
Kyle Bass' disastrous Hong Kong short sale, backed by China bashers, is another example of how ill-intended short-selling operations against China are doomed to fail and a wake-up call for anti-China forces that seek to profit from stirring panic, Chinese experts said on Thursday.
China's inflation remains moderate and the nation's prudent monetary policy will support high-quality economic development, the governor of the People's Bank of China (PBC), the central bank, said during a G20 meeting on Wednesday.
At the COP15 in Kunming, Southwest China's Yunnan Province, as the host country, China exemplified its commitment to environmental conservation, while pointing out the direction for the future global biodiversity governance, especially among countries participating in the Belt and Road Initiative (BRI).
China Eastern Airlines announced on Thursday that it schedule two new flights flying from Beijing Daxing International Airport.
12 Chinese enterprises established an innovation platform for automotive digital transformation in Tianjin on Wednesday, under the guidance of State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. The platform will contribute to the breakthroughs in leading-edge technologies in auto industry, CCTV reported on Thursday.
China's producer price index (PPI) surged 10.7 percent year-on-year in September, a record high, driven by surging coal and other bulk commodity prices, the National Bureau of Statistics (NBS) announced on Thursday.
China's consumer price index, the main gauge of inflation, rose 0.7 percent in September year-on-year, data from the National Bureau of Statistics showed on Thursday.
Around 8,000 firms will attend the 130th China Import and Export Fair, or Canton Fair, the organizers said on Wednesday.
A tanker carrying 155,000 cubic meters of LNG arrives at Zhoushan port, East China's Zhejiang Province on Wednesday. The facility has received 100 LNG ships since August 2018. Data from the General Administration of Customs showed Wednesday that LNG imports totaled 10.62 million tons in September, up 23 percent year-on-year. Photo: cnsphoto
China-UK cooperation on zero emission vehicles is expected to remain strong in the future as both nations are ramping up efforts to realize their commitment on zero emissions on a certain deadline, Caroline Wilson, UK Ambassador to China, said on Wednesday.
Several factories of Foxconn, Apple's major original equipment manufacturer (OEM) in the Chinese mainland, have abruptly suspended most recruiting efforts as production lines are disrupted by tight chip supplies and other raw materials, which could affect shipments of the new iPhone 13 series, industry insiders said on Wednesday.
Trade between China and Australia saw a sharp month-on-month decline in September, according to data released by the General Administration of Customs (GAC) on Wednesday, underscoring rising pressure on bilateral trade from deteriorating bilateral relations.
There are 10,000 projects exploring business-to-business (B2B) applications of 5G (5GtoB) around the world, and more than half them are in China, a senior executive of Huawei said on Wednesday, calling for the industry to focus on XR, the B2B market and low-carbon development in the 5G era.
As the IMF warned of “longer-than-expected” disruptions on global supply chains posed by the COVID-19 and cut down growth forecast for global economy, concerns are growing over the severeness of the worldwide problem and its potentially profound pressure on global trade and economic growth, with countries scrambling to find a fix.
China's export machine kept roaring in September with growth pace during the month significantly exceeding expectations, despite a series of challenges, including the lingering fallout of the COVID-19 pandemic, power shortages and price hikes for bulk commodities.
China is doing its best to increase coal output and supply amid shortages in some areas across the country, and has speeded up reviews of already-built outdoor coal mines, the nation's top economic planner said on Wednesday.
The shares of Chinese education stocks soared more than 5 percent on average at Wednesday's midday closing, as the State Council released a government circular to promote vocational education.
China-US trade volume grew 35.4 percent from January to September in dollar terms from last year, Chinese customs statistics revealed on Wednesday.
In September, China's electricity consumption reached 694.7 billion kilowatt-hours, up 6.8 percent year-on-year, with a two-year average growth of 7.4 percent, despite the power cut across some provinces in the country, according to data released by National Energy Administration (NEA) on Wednesday.
The semiconductor industry in the middle and western regions of the country is experiencing rapid growth with imports of semiconductor manufacturing equipment grew 31.3 percent year-on-year, customs data showed on Wednesday.
China's import volume of bulk commodities declined by 0.5 percent to 2.43 billion tons in the first nine months of the year amid soaring prices, official data showed on Wednesday.
China's exports and imports growth slowed in the third quarter amid economic challenges caused by lingering fallouts from the COVID-19 pandemic, electricity shortage as well as a surge in global bulk commodity prices, although the slowdown is still deemed reasonable, Chinese economists said.
The current electric vehicle (EV) consumption does not have a significant impact on the national power system, the China Passenger Car Association (CPCA) said on Tuesday, noting that chip supply eased slightly in September.
Chinese Premier Li Keqiang on Tuesday said China hopes to expand coal trade and cooperation with Mongolia to achieve mutual benefits and win-win results, as part of the government's efforts to ensure the stability of the energy supply chain.
Chinese President Xi Jinping on Tuesday revealed major wind power and photovoltaic bases in sandy areas, rocky areas and deserts, saying that the first phase of projects with an installed capacity of approximately 100 million kilowatts has recently started construction, according to the Xinhua News Agency.
The State Council on Tuesday issued an outline to further support China's university graduates and start-up businesses. The outline will raise the maximum loan used by university graduates to 200,000 yuan ($30,997).
In his second exclusive interview with the Global Times, weeks after a grand plan for building a Guangdong-Macao in-depth cooperation zone was unveiled, Song Yonghua, the rector of the University of Macau (UM), was thrilled at the prospect of UM – a poster child of the practice of “one country, two systems” – embracing yet another momentous upgrade.
Huami, a company that is known for making wearable devices, unveiled its fashion smartwatch Amazfit GTR 3 and GTS 3 series on Tuesday, a fresh move in the smart wearable market.
The International Monetary Fund (IMF), in its latest update of the World Economic Outlook, has projected the global economy to grow by 5.9 percent in 2021, down 0.1 percentage point from its July projection.
The municipal government of Shenzhen and the provincial government of South China's Guangdong Province on Tuesday issued offshore yuan-denominated bonds in Hong Kong and Macao, the first such issuances by local governments on the mainland that will help boost the two special administrative regions' financial market and the yuan's offshore market.
China's National Development and Reform Commission (NDRC), the top economic planner, on Tuesday announced plans to improve the country's coal-fired power pricing mechanism with measures such as expanding the fluctuation range for power prices – a move that experts say will help balance China's power demand and supply and ease power shortages.
China's Foreign Ministry on Tuesday called on Canada to be objective and fair in its decision on whether allow Chinese telecom giant Huawei to participate in its domestic 5G development.
China's top law enforcement agencies are investigating crypto trading exchanges and mining activities, and exploring specific ways to convict and sentence those involved in illegal activities, according to media reports on Tuesday, following the country's broad and strict ban on crypto transactions in September.
Chinese President Xi Jinping on Tuesday said China will take the lead by investing 1.5 billion yuan ($233 million) to establish the Kunming Biodiversity Fund, marking the latest effort by the world's second largest economy to address the increasing biodiversity degradation.
“Squid Game masks,” the masks worn by the characters of the hit TV drama Squid Game, are becoming top selling products in Yiwu of East China's Zhejiang Province, one of the world's largest small commodities trade hubs. Several manufacturers in Yiwu told the Global Times that they are busy with making the masks to meet the soaring market demand, although their production capacity is restricted by the current power limit policy.
Honor has confirmed that its Honor 50 series will be equipped with Google Mobile Services (GMS), the official twitter account of Honor said on Monday, after the company negotiated with Google in order to resume cooperation.
Embattled Chinese actress Zhao Wei and her husband, businessman Huang Youlong, have been sued by investment institution China Minsheng Trust over a contract of guaranty dispute. The case will be heard in an open court session at the Beijing No. 4 Intermediate People's Court on November 8.
iPhone's latest function which records app activity put the topic about personal data protection under spotlight on Chinese Twitter-like social media Sina Weibo recently, after one Sina Weibo user found he was tracked by an app via the function of iOS 15.
China's top economic planner issued a notice on Tuesday to further deepen the market-oriented reform for the on-grid price of coal-fired power generation amid the country's recent power crunch.
Dalian Shipbuilding Industry, a subsidiary of China State Shipbuilding Corporation, has won a contract for the construction of two 7,500 cubic meter liquefied carbon dioxide carrier ships for Northern Lights, a Norwegian carbon capture and storage project.
Ren Zeping, the former chief economist of Evergrande Group, offered an explanation on his WeChat account on Monday about why he left the company, saying his suggestions about reducing liabilities had not been accepted by the company leaders even though Evergrande's debt ratio had reached 86.25 percent.
Hu Mingxuan, a Chinese professional basketball player from Northwest China's Xinjiang Uygur Autonomous Region, has been reportedly penalized by his team after his endorsement of Adidas drew widespread criticism, as the brand was involved in groundless slander and attacks against Xinjiang cotton.
After over a year of constant gains, skyrocketing freight rates on routes between China and the US have eased in the past month, in some cases by as much as half, according to industry insiders, who said that the declines will likely boost bilateral trade – especially China's exports to the US.
China on Monday announced an emergency allocation of 80 million yuan ($12.41 million) in advance to help with flood control and relief efforts in North China's Shanxi and Shaanxi provinces, as the nation is getting into the full swing to minimize damage from unprecedented floods.
Chinese businesses and factories in certain areas, including the country's main small commodity export hub in Yiwu, East China's Zhejiang Province, are facing difficulties in producing and delivering products to clients on time due to restrictions on electricity use amid a power shortage, local industry insiders told the Global Times on Monday.
Ant Group, Alibaba's financial arm, increased its registered capital by about 47 percent to 35 billion yuan ($5.43 billion), in a move intended to comply with regulatory requirements, while ramping up its room for growth.
Chinese upstream lithium firms have been expanding their overseas footprint this year, especially in the Lithium Triangle – the lithium-rich region in South America – to meet surging demand for the key resource for making electric vehicle (EV) batteries.
The 2021 Nobel Prize in economic sciences has been awarded to David Card, Joshua D. Angrist and Guido W. Imbens for "their methodological contributions to the analysis of causal relationships," the Royal Swedish Academy of Sciences announced on Monday.
A wet market decorated with Prada branding in Shanghai had gone viral. During the recent National Day holidays, it attracted swathes of influencers dressing in high-fashion, taking photos, livestreaming and posing with produce. But it was found out that some people tossed the vegetables into the trash after photos and videos were taken.
As China has continuously deepened the application of the self-developed BeiDou Navigation Satellite System (BDS), its technology has been increasingly integrated into core infrastructure across industries including finance and power generation, while multiple provinces and regions across the country plan to create an integrated BeiDou industrial ecosystem, according to media reports.
During the ongoing special inspection campaign targeting cyber security, China has inspected multiple tech firms including Didi, Huolala and Boss Zhipin, to further secure the country's security of data and prevent breaching personal data, the Xinhua News Agency reported on Sunday.
China aims to boost standard-setting in many crucial technological sectors, including high-speed rail, new-energy and smart vehicles and robots, as part of efforts to bolster innovation, opening-up and high-quality growth, according to a development plan jointly issued by the Central Committee of the Communist Party of China and the State Council, the cabinet, released on Sunday.
A phone call between senior Chinese and US trade officials on Saturday sparked cautious optimism among some analysts over the possibility of both sides moving to resolve certain trade issues, including tariffs, but they also cautioned that the US will unlikely change its overall hostile approach toward China.
North China's Inner Mongolia Autonomous Region will take measures to increase coal production to ensure domestic energy supply amid recent power shortages, while strictly preventing any long-term damage to the environment, local officials said on Saturday.
Chinese live streaming platform Douyu apologized on Sunday for advertising H&M, which has been the subject of a boycott by Chinese consumers due to the brand's ban on cotton produced in Northwest China's Xinjiang Uygur Autonomous Region, after the move sparked widespread criticism on social media.
Chinese electric vehicle maker Li Auto denied reports that it has sourced a key auto chipset from the black market at prices 800 times higher than the normal levels, saying that it has sourced from regular channels to ensure supply amid the global shortage of auto semiconductors that has plagued the industry over recent months.
A 16-minute video clip of a junior Huawei recruit creating “iron man's” robotic arm which incorporates Huawei's proprietary HarmonyOS went viral on Chinese social media platforms.
China will make flexible adjustments to allow market-based coal-fired electricity prices to be raised by up to 20 percent from the benchmark, part of its efforts aimed at guaranteeing winter heat and electricity supply while several coal-producing provinces such as North China's Inner Mongolia Autonomous Region have already moved to boost the production.
Senior Chinese and US officials conducted 'candid, pragmatic and constructive' exchanges on trade, the Ministry of Commerce (MOC) announced on Saturday, and the Chinese side lodged representations on lifting additional tariffs and sanctions.
China's National Development and Reform Commission (NDRC) is soliciting public opinion for drafting the Market Access Negative List 2021, in which it clearly stipulates that non-public capital shall not engage in news gathering, editing and broadcasting, indicating a wider range of regulations targeting media-related services.
The accumulated output at Chinese oil giant Sinopec's major shale gas field in Fuling, Southwest China's Chongqing reached 40 billion cubic meters on Friday, a new high.
Australian coal is not an ideal option for China to import, market watchers and business insiders said on Friday, at a time when China is ramping up coal imports from countries such as Russia and Indonesia.
This year's National Day holidays witnessed 110 million passenger trips by train, with the number of passenger trips surpassing 10 million from September 28 to October 7, data from the China State Railway Group shows.
More than 20 major firms involving crypto currency businesses, including trading exchange, crypto mining and crypto information platforms, have suspended services to Chinese mainland users and announced plans to exit from the Chinese market as of Thursday.