China-Europe freight train service has witnessed solid growth in the first four months of this year, given a continuous rise of transport capacity and efficiency, data from China State Railway Group showed.
The US partisan fight over the debt ceiling and the attempts to shift blame to China are irresponsible moves by the world's largest economy, Chinese experts said on Sunday, and they warned that a first-ever default would disrupt global economic stability and push the de-dollarization process.
China on Sunday made public the results of its cybersecurity review of US semiconductor maker Micron Technology, saying that the company didn't pass the review because it has severe cybersecurity problems that could pose significant security risks to China's critical information infrastructure supply chain.
Prior to and during the G7 leaders' gathering at Hiroshima, Japan over the weekend, there were media reports that US President Joe Biden cajoled the six American allies to take a uniform action to do something to stifle China's economic growth, which in essence is part of his "decoupling from China" push.
Cooperative projects between China and Central Asian countries rolled out in succession before and after the two-day China-Central Asia Summit held in Xi'an, Northwest China's Shaanxi Province on Friday.
With the launch date settled for the long-awaited Hong Kong dollar-yuan dual counter model, another important innovation in Hong Kong's stock market, the city's role as a leading offshore yuan market will be consolidated and the internationalization of the Chinese currency will be accelerated, an expert said on Sunday.
A specific check-in service was launched on Sunday that allows passengers to ride subway trains after taking a quick hand scanning in a designated line of the Beijing Metro, according to media reports.
Chinese travelers' enthusiasm for outbound trips, pent up for about three years, has been unleashed with a surge in visa applications lately, the Global Times has learned.
A team of Chinese researchers have successfully grown the country's first centimeter-scale fish fillets in the lab using advanced technologies like stem cell isolation and tissue construction, pointing the way for sustainable meat supply on the market.
The five-day 3rd China-Central & Eastern European Countries (CEEC) Expo concluded in Ningbo, East China's Zhejiang Province, on Saturday, with record high purchasing orders set at the event. Global Times reporters felt the enthusiasm from CEEC exhibitors and their confidence in Chinese economic growth, despite a sluggish global economy and uncertainties on the global market.
Chinese spending on "romantic goods and services" including hotels, wedding services, going to cinemas and other services surged on Saturday, marking "520"— identical to Valentine's Day in the country.
The much-expected meeting of Chinese and US trade ministers is much expected, which sends a positive signal of both sides having recognized the importance of economic and trade relation to them and ready to maintain the relation, Chinese experts said on Saturday.
Due to the US rapid interest rate hikes, the exchange rates of some Asian currencies including Japanese yen, Malaysian ringgit and Indonesian rupiah, have hit or even been weaker than the lows seen during the 1997-98 Asian Financial Crisis, a Chinese official said on Saturday.
Cooperative projects between China and Central Asian countries have been rolled out in succession before and following the two-day China-Central Asia Summit concluded in Xi'an, Northwest China's Shaanxi Province on Friday.
British companies spoke highly of China's intelligent development and hoped to expand the potential of the Chinese market, the Global Times learned at the 2023 World Intelligence Congress (WIC).
Chinese Premier Li Qiang took an inspection tour in East China's Shandong Province from Wednesday to Thursday, where he urged efforts to boost the real economy, expand domestic demand and stabilize external demand to boost economic recovery.
The China Securities Regulatory Commission (CSRC) said on Friday that it will keep enriching products in the Beijing Stock Exchange (BSE), in a bid to promote a high-quality expansion of the market.
China on Friday announced that it will carry out pilot programs for centralized operation of cross-border funds in local and foreign currencies for multinational companies, granting firms greater freedom in managing cross-border funds.
Offshore yuan strengthened more than 100 points to 7.017 against the US dollar on Friday after the China Foreign Exchange Committee (CFXC) vowed to resolutely curb major fluctuations in the exchange rate and stressed that the yuan can be kept basically stable at a reasonable equilibrium level.
Experts anticipate a resilient exchange rate for the yuan, with fluctuations within a reasonable range, despite its recent decline beyond 7 per US dollar. They believe that the depreciation trend is transitional, citing favorable factors such as a strengthening Chinese economy and the potential cessation of US interest rate hikes, which will provide additional support to the exchange rate.
Chinese mainland authorities on Friday announced the resumption of group tours from the island of Taiwan, as the mainland continues to take concrete steps to boost cross-Straits commercial and people-to-people exchanges, while the secessionist Democratic Progressive Party (DPP) authorities on the island continue to undermine such exchanges.
China will build a batch of regional highlands and technological platforms for artificial intelligence (AI), in a bid to deepen enterprise-led integration of industry, research and application, and promote AI-enabled economic and social development, Wang Zhigang, Chinese minister of science and technology, said at a major AI event on Thursday.
China on Thursday inaugurated a new top financial regulatory administration as part of its broader efforts to strengthen financial regulation and prevent major systemic risks amid a complex global financial situation marked by debt standoff and banking crises in the US.
Logistics service providers from the Central and Eastern European Countries (CEECs) are enhancing their ties with the Chinese market under the high-quality development of the Belt and Road Initiative (BRI), ensuring bilateral trade growth despite the sluggish global economy and weakened international trading environment.
Chinese e-commerce giant Alibaba announced significant developments in its restructuring plans as it unveiled its financial results for the quarter and fiscal year ending on March 31. The company disclosed its intention to spin off its cloud computing division, explore an IPO for its delivery arm Cainiao, and execute the IPO process for its supermarket division Freshippo.
China and Tajikistan said in a joint statement issued on Thursday on the sideline of the China-Central Asia Summit that both sides will continue to work hard to promote the construction of railway and highway transportation corridors, while emphasizing the great significance of strengthening connectivity of the regional transportation infrastructure.
Regarding economic relations with China, some European politicians emphasize de-risking. However, falling into US' narrative trap and disrupting the normal economic cooperation with China is the real risk facing Europe.
Energy cooperation, a ballast stone for China-Central Asia cooperation for decades, is to witness accelerated growth in the coming months and years, after delivering noteworthy results that have benefited regional countries.
Global auction house Sotheby's on Thursday unveiled its Chinese mainland headquarters in Shanghai amid ongoing expansion in the Chinese market, offering another sign of strong confidence among foreign enterprises in the Chinese market.
Troubled China-Australia relations are showing further signs of thaw, as China has reportedly resumed importing Australian timber, said a Chinese senior official, a move that experts said shows the two countries are solving their disputes on the basis of equality and mutual respect.
The global de-dollarization move is gaining momentum and seems unstoppable now, with more Latin American countries including Venezuela and Argentina joining the trend lately.
TikTok, the popular short-video platform owned by Chinese internet giant ByteDance, faces the first statewide ban in the Montana, the US state of Montana. Such an extreme and aggressive move, having provoked a backlash among American people and agencies, mirrors the US' relentless trampling on free speech and its obvious double standards when it comes to foreign entities, experts said.
China's tech industry led private equity (PE) and venture capital (VC) investment in technology, media, telecom (TMT) industries in the second half of 2022, with semiconductor and information technology services in particular receiving the attention of private investors, according to a report released by accounting firm PwC on Thursday.
Rights groups have filed a new complaint in France against clothing giants in the latest attempt to hype alleged “forced labor” in Northwest China's Xinjiang Uygur Autonomous Region. The claims are groundless and an outdated means to smear China, experts said.
Amidst the roar of machines, cranes are busy hoisting containers while trucks shuttle back and forth at Xi'an International Trade and Logistics (ITL) Park, China's largest inland port in Xi'an city, Shaanxi Province. Each day, more than a dozen of cross-border freight trains, run among 20 Chinese cities and 45 countries along the "Belt and Road," uploading and unloading containers.
China's National Financial Regulatory Administration (NFRA) was inaugurated on Thursday in Beijing, taking the place of the China Banking and Insurance Regulatory Commission after five years in operation, an important step for China's new round of institutional reform in the field of financial supervision.
China's National Financial Regulatory Administration (NFRA) unveils nameplate, officially inaugurated
Officials from the new National Financial Regulatory Administration attended a rehearsal on Wednesday evening to prepare for the administration's official unveiling ceremony, according to a report published by domestic news portal jiemian.com on Wednesday.
Workers build support facilities for a lithium battery project in Meishan, Southwest China's Sichuan Province on May 17, 2023. Once completed, the project will be able to produce 360,000 tons of lithium iron phosphate cathode material per year and create more than 1,000 jobs, according to media reports. Photo: cnsphoto
The China-Pakistan Economic Corridor (CPEC), which is marking its 10th anniversary this year, has played an important role in bilateral cooperation between China and Pakistan and created over 155,000 local jobs for Pakistani people, China's National Development and Reform Commission (NDRC) said on Wednesday.
China is actively boosting imports of quality agricultural and food products including grain, fruits and milk products from Central Asian countries, with over 100 types of products and 4,000 enterprises approved for such exports, injecting vitality into bilateral trade, Chinese customs said on Wednesday.
Chinese officials on Wednesday stressed that China's economic fundamentals remain solid and the recovery is on track, effectively refuting recent foreign media hype about slower growth in certain economic indicators in April.
Tourism agencies and government departments from the Central and Eastern European Countries (CEECs) are gathering in China and stepping up efforts to lure Chinese travelers as the populous country sees a rapid recovery of outbound tourism.
Chinese economists could never have imagined that barbecue would be used as leverage to attack the Chinese economy, but it has happened. It reflects the West's lack of understanding on the Chinese economy.
China's foreign direct investment (FDI) in the first four months of 2023 reached 499.46 billion yuan ($71.34 billion), up 2.2 percent year-on-year, data from China's Ministry of Commerce (MOFCOM) showed on Wednesday, indicating that the world's second-largest economy remains a popular destination for global investors.
Ongoing US hype and distortion of China's steel industry signal a political intention to crack down on China, which has spared no effort on its low-carbon transformation and high-quality development in recent years, experts said.
Fruitful achievements are expected of China-Central Asia partnership after milestone summit Infographic:GT
This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates China's vision and provides solutions to the reform of the global governance system and multifaceted challenges. Against this backdrop, the Global Times is publishing a series of interviews with renowned scholars, think tanks, and financial institutions, sharing their insights and understanding of how the initiative has earned global recognition and reshaped global development. This is the sixth installment in the series. In 2019, China and Italy signed a Memorandum of Understanding (MoU) on BRI, and Italy is also the first and only G7 country to join the initiative. In recent days, discussions on Italy's participation on BRI have been afoot, with the Italian government reportedly signaling that it is reconsidering whether to renew the MoU. Against the backdrop, the Global Times reporter Li Xuanmin (GT) conducted an interview with Prodi Giorgio (G), associate professor of Applied Economics at Ferrara University and visiting senior fellow of the Institute for Global Cooperation and Understanding at the Peking University, who shared his views on the development of BRI, while giving practial suggestions on how the initiatve could be better carried out in Italy as well as Europe. According to Giorgio, BRI has been the most important international initiative in the last decade both in terms of political and economic investments.
The prices for new commercial housing in the 70 surveyed cities in China remained in growth territory but at a slower pace in April, compared with March, data from the National Bureau of Statistics (NBS) showed on Wednesday.
China regards the Netherlands as a priority partner within the EU, and is ready to work with the Netherlands to promote cooperation in various fields to achieve new results, Chinese Premier Li Qiang said on Tuesday in a phone conversation with Dutch Prime Minister Mark Rutte.
Pakistan's Suki Kinari Hydropower project under the China-Pakistan Economic Corridor (CPEC) achieved dam capping on Monday, as China and Pakistan vowed to jointly accelerate the construction of the CPEC as this year is its 10th anniversary.
With the first ever in-person summit between top leaders of China and five Central Asian countries in 31 years fast approaching, the China-Central Asia Summit is expected to open on May 18 and 19 in Xi'an, capital city of Northwest China's Shaanxi Province. At the same time, President Kassym-Jomart Tokayev of Kazakhstan is scheduled to pay a state visit to China upon invitation from Chinese President Xi Jinping.
A number of Hungarian exhibitors have flocked to Ningbo, East China's Zhejiang Province to showcase their most typical and high-quality products and services amid comprehensively expanding bilateral economic and trade cooperation.
China will increase flights to and from the five countries of Central Asia in a bid to strengthen regional connectivity and economic exchanges, according to the Civil Aviation Administration of China (CAAC), the country's aviation regulator.
China's National Bureau of Statistics (NBS) on Tuesday released key economic data for April, characterized by robust growth in consumption but a slowdown in the real estate sector, with experts stressing that the economy is demonstrating a trend of steady growth, which will translate into faster GDP expansion in the second quarter.
China's Ministry of Industry and Information and Technology (MIIT) announced on Tuesday the establishment of a committee and expert group for science and technology ethics. Experts noted the move pioneers risk prevention in the field amid rapid development of artificial intelligence (AI) across the globe.
The value of China's residential home sales rose by 11 percent over the first four months of 2023 while the real estate investment growth extended its decline, according to data released by the National Bureau of Statistics on Tuesday.
The China-Central Asia Summit will help deepen regional economic and trade cooperation, break the development bottleneck of landlocked countries in Central Asia, and unleash their economic and trade potential.
The completed offloading of Mraweh ship carrying liquefied natural gas (LNG) from United Arab Emirates (UAE) in South China's Guangdong Province on Tuesday marks the first LNG import in China settled in Chinese yuan, marking progress in the nation's exploration of yuan settlement of cross-border energy trade, amid accelerating internationalization of the Chinese currency.
For the first time in over 30 years the top leaders from China and the five Central Asian countries - Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - will meet in person to discuss their burgeoning nation-nation ties and how to enter a new era of closer trade, economic, political and security cooperation.
China's two leading economic authorities, the People's Bank of China (PBC), the central bank, and the National Bureau of Statistics (NBS), made a series of comments on Monday and Tuesday, further dispelling concerns that the country may face deflation risks.
China's job market continued to show improvement in April as the nation's economy is rebounding, data from the National Bureau of Statistics revealed on Tuesday.
China's economic recovery gained pace in April, newly released official data showed on Tuesday, as domestic consumption has kept surging in the first four months of the year, while industrial production and fixed asset investment are both rising.
China's economic recovery accelerated in April, with total retail sales surging 18.4% year-on-year
The world's largest offshore liquefied natural gas (LNG) terminal began trial operation on Sunday, which will increase the use of clean energy in the Hong Kong Special Administrative Region and optimize the energy structure of the Guangdong-Hong Kong-Macao Greater Bay Area.
If India wants to make itself the top automobile manufacturer in the world, the country must make itself an ideal investment destination for global automakers, especially Chinese NEV brands.
China's economy saw relatively steady growth in the first quarter of 2023 as multiple indicators rebounded, the People's Bank of China (PBC), the central bank, said on Monday in its quarterly report, adding that supportive monetary policy accelerated the full and continuous recovery.
Exhibitors from Central and Eastern European Countries (CEECs) have pinned great hopes on the third China-CEEC Expo & International Consumer Goods Fair, looking forward to opportunities to further expand cooperation with the colossal Chinese market, the Global Times learned on Monday.
The People's Bank of China (PBC), the country's central bank, on Monday added liquidity to the banking system through its medium-term lending facility (MLF) and reverse repos, while keeping the interest rate unchanged as was widely expected.
With surging demand for electricity, power supply in some regions of China is becoming tight. But industry analysts said that the overall power supply will be sufficient and electricity generators vowed to strive to keep up with increasing demand.
Japan, which holds the G7 presidency this year, is urged not to be an accomplice and accessory to economic coercion, and G7 countries should demand that the US stop splitting the world into two markets, which is the primary threat to the global economy, Wang Wenbin, a spokesperson of China's Foreign Ministry, told a press conference on Monday.
A much-anticipated program that allows mutual access to interest rate swap markets between the Hong Kong Special Administrative Region (HKSAR) and the Chinese mainland started on Monday, marking a milestone in the opening-up of the mainland's bond and interbank financial derivatives markets.
The Customs Tariff Commission of the State Council announced on Monday China will implement agreed tariff rates under the Regional Comprehensive Economic Partnership (RCEP) for certain imports from the Philippines starting on June 2, when the trade pact is set to take effect in the Philippines after the ratification process is completed.
China approves Vladivostok port in Russia's Far East as cross-border transit port for "domestic trade shipments" in Northeast China's Jilin Province. The port will provide Jilin and Heilong Province with more convenient access to sea port service, experts said.
Chinese State Councilor and Foreign Minister Qin Gang on Monday said that China hoped the EU has an objective and correct perception of China, and continue to pursue a positive and pragmatic policy toward the country.
A much-expected program to allow mutual access to interest rate swap markets between the Hong Kong Special Administrative Region (HKSAR) and the Chinese mainland started on Monday, marking a milestone in the opening-up of the mainland's bond and interbank financial derivatives markets.
China-based XTC New Energy Materials said in a filing on Monday that it plans to set up a joint venture with France's Orano, to focus on battery innovation and production in northern French port city of Dunkirk.
Efforts by countries to replace the US dollar in international trade will reach a new high when BRICS nations discuss the feasibility of introducing a common currency at a summit in South Africa later this year, Chinese experts said on Sunday, noting that the move can be a fresh blow against the dollar's hegemony.
Following the QR code and facial recognition, Beijing Subway and WeChat Pay have recently started deploying a palm print recognition system on the Daxing International Airport Line, which allows passengers to take the subway train by scanning the palms of their hands.
Purchase orders worth more than 10 billion yuan ($1.45 billion) for goods from Central and Eastern European Countries (CEECs) are expected to be placed at the upcoming third China-CEEC Expo & International Consumer Goods Fair in China, an official said on Sunday.
Honduras said it will "soon" start negotiations on a free trade agreement (FTA) with China, Spanish media EFE reported on Saturday, another bid to rev up economic partnership after the two countries established diplomatic relations in March.
China and Australia are expected to see marked improvement in their trade ties with the two countries ramping up efforts to shore up economic cooperation following the recent resumption of high-level visits and dialogues, experts said.
An offshore oil and gas platform weighing more than 15,000 tons has been successfully docked with a submarine jacket in the Pearl River Mouth Basin in South China's Guangdong Province on Sunday, China Media Group (CMG) reported.
As the US is increasingly using the dollar as a weapon to punish other countries, it is imperative for China and other economies to embrace a new alternative payment currency, like the yuan.
China's leading smartphone maker OPPO will shut down its chip design unit Zeku amid rising uncertainties in the global economy and the smartphone market, the company announced on Friday.
China exported 1.07 million vehicles in the first quarter of 2023, surging by 58.3 percent year-on-year, data from China's General Administration of Customs (GAC) recently revealed, indicating that China has now become the world's largest auto exporter, outpacing Japan.
Russian Prime Minister Mikhail Mishustin approved an inter-governmental agreement to supply natural gas to China through the Far East Route. The move will accelerate energy cooperation between Russia and China, experts stated.
Australian Trade Minister Don Farrell's visit to Beijing witnessed multiple encouraging signs in the stabilized recovery of China-Australia cooperation, including the resumption of a landmark high-level economic meeting and the minister's tour of Beijing's iconic Forbidden City.
Australia's Trade Minister Don Farrell is on a high-stakes trip to China to improve trade ties with his country's biggest trading partner after years of tension. Chinese traders and experts hailed the move as being a crucial positive step toward improved cooperation, but they also called on Canberra to stop "anti-China moves" to avoid a political impact on trade.
Cooperation between China and the US over audits of US-listed Chinese companies under a milestone deal reached in 2022 will unlikely be affected by recent inspection reports from a US accounting watchdog that showed “deficiencies,” Chinese experts said on Friday, while cautioning against potential regulatory bias against US-listed Chinese businesses.
China's Foreign Ministry on Friday dismissed recent moves by the US to challenge China's developing country status, stressing that it will defend its legitimate rights as a developing nation, while making clear that China does not use such a status to evade international responsibilities or gain privileges.
As finance leaders of the Group of Seven (G7) countries continued their three-day meeting in Japan on Friday in preparation for the leaders' summit next week, Washington's gridlock over its debt ceiling issue has cast a dark cloud over the agenda and US officials' relentless push for radical anti-China moves is facing increasing resistance from allies.
People should not be concerned that robots will lead to job losses, said a senior Chinese expert in the robotics industry, noting that China's rapidly developing robotics industry is injecting fresh impetus into Chinese modernization and social development.
Chinese customs have approved the import of qualified French pork and vowed to jointly create a fast track trade channel for French agricultural and food imports, as the two countries are moving swiftly to strengthen bilateral economic and trade cooperation following recent high-level meetings.
A cruise liner traveling along China's coast departed from a port in Shanghai in mid-April, marking an end to a suspension of more than 1,000 days for cruise tourism in China.
Importers that have major trading business with Canada may diversify their sources of supplies in response to rising tensions after Canada's unreasonable expulsion of a Chinese diplomat, industry insiders said.
Russia may export more agricultural products such as wheat and barley to China as Russia is pushing for the construction of a land grain corridor between the two countries, businesses and experts said on Thursday.
The stock of China's direct investment in the five Central Asian countries exceeded $15 billion by the end of March this year, with the cumulative turnover of completed projects reaching $63.9 billion, a spokesperson for the Chinese Ministry of Commerce (MOFCOM) told a press briefing on Thursday.
Grain prices and supplies have remained stable in China, a major producer and consumer of agricultural products from around the world; and the nation will continue to strengthen the national food emergency security system in responding to external uncertainties, officials said on Thursday.
Ambassadors and diplomats from Arab countries spoke highly of China's technology innovation capability, and said they hope to expand tech cooperation with Chinese companies after they experience cutting-edge technologies in Baidu, a Chinese tech giant.