Economy
Chinese businesses urged the US side to respect objective facts, stop overstretching and abusing trade restrictions, return to a rules-based multilateral trading system to properly address economic and trade differences through dialogue and consultation, and jointly safeguard the stability of global industrial and supply chains, a spokesperson for the China Council for the Promotion of International Trade (CCPIT), said on Friday.
By Global Times | 2026/6/5 9:11:42
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  • South Korean TV documentary spotlights Chinese AI, drawing widespread attention in China, overseas

    South Korea's KBS recently aired a documentary that spotlighted China's rise in artificial intelligence (AI) and the robust ecosystem behind it, drawing widespread attention on both Chinese and overseas social media platforms, with some Chinese netizens calling it the “best promotional video” of China in 2026, while some overseas netizens expressing “shock” at the speed of China's tech development.

    By GT staff reporters | 2026/6/4 23:39:44
  • Power storage surge

    Visitors examine exhibits during the 12th International Energy Storage & Battery Conference & Exhibition in Shanghai, on Thursday. China's newly installed capacity of new-type energy storage reached 27.1 GWh, up 76 percent year-on-year, in the first quarter of 2026, and a total of 2,919 projects were filed, with a combined scale of around 677 GWh, industry data showed. Photo: VCG

    By Global Times | 2026/6/4 23:24:03
  • Shenzhen's 'new consumption' offers technology lens on China's consumer devt

    Claims of “weak demand” miss the realities of China's consumer market. For businesses seeking new growth opportunities, technology may offer a useful lens through which to understand the next phase of consumption growth in China.

    By Hu Weijia | 2026/6/4 22:59:53
  • China opposes US trade restrictions on China under pretext of 'forced labor'

    China's Ministry of Commerce (MOFCOM) on Thursday voiced opposition to the US move of adopting unilateral trade restrictive measures against China under the pretext of so-called "forced labor," urging the US to meet China halfway and maintain steady economic and trade relations between the two countries.

    By Liu Yang | 2026/6/4 22:30:02
  • China to cut retail prices of gasoline, diesel starting Friday, second reductions this year

    China will cut its retail prices of gasoline and diesel starting Friday, the National Development and Reform Commission (NDRC), the country's top economic planner, announced on Thursday. It marks the second reduction in domestic gasoline and diesel prices this year, China Media Group (CMG) reported.

    By Global Times | 2026/6/4 21:34:59
  • South Korea, China agree to expand flight rights for first time in seven years: media

    South Korea and China have agreed to expand weekly flight rights between the countries for the first time in seven years, Reuters reported on Thursday, citing Seoul's transport ministry.

    By Tu Lei and Tao Mingyang | 2026/6/4 21:34:49
  • China eyes forming independently developed 6G technical solutions by 2029 with action plan: ministry

    The nation is eyeing the formation of independently developed 6G technical solutions by 2029, according to a notice recently issued by the Ministry of Industry and Information Technology (MIIT) that calls for the organizing of a pilot action plan for ministry-province collaborative innovation in 6G development, according to CCTV News on Thursday.

    By Chu Daye | 2026/6/4 20:43:08
  • China's safeguard measures on imported beef aim to support domestic industry, not restrict normal trade: MOFCOM spokesperson

    When asked whether China's commerce ministry will automatically apply safeguard tariffs this year if the import threshold is reached as Australian beef imports have reached 90 percent of the annual country specific quota volume as of June 1, China's Ministry of Commerce (MOFCOM) spokesperson He Yongqian said "To improve the transparency of the implementation of the measures, when a country's imports reach a certain percent of its annual quota and again when the quota is fully reached, the Ministry of Commerce and the General Administration of Customs will issue notices."

    By Global Times | 2026/6/4 19:58:25
  • Dragon Boat Festival expected to attract more Chinese travelers to take on trips in 2026: data

    China's railway system officially launched ticket sales for the 2026 Dragon Boat Festival travel rush on Thursday. Under the 15-day advance booking rule, passengers can now purchase tickets for rail services for June 18, marking the beginning of the 5‑day railway holiday travel window from June 18 to 22, China Media Group reported.

    By GT staff reporters | 2026/6/4 17:18:44
  • China urges US to correct erroneous practices: MOFCOM on US' move to close 'regulatory loopholes' in chip industry

    Asked about the US Department of Commerce's move to close so-called "regulatory loopholes" in the chip industry, Chinese Ministry of Commerce (MOFCOM) spokesperson He Yongqian said on Thursday that in recent years, the US has repeatedly abused export controls under the pretext of national security, seriously damaging the legitimate rights and interests of Chinese enterprises, severely disrupting the international economic and trade order, and severely impacting the stability of the global semiconductor industry chain and supply chain.

    By Global Times | 2026/6/4 16:45:59
  • EU firms' expansion in China most powerful rebuttal to 'de-risking' narrative: Chinese FM on reports of new EU trade-restrictive tools

    A growing number of European enterprises are opting to deepen their presence in China and expand local operations here, which in itself stands as the most powerful rebuttal to the so-called "de-risking" narrative, Chinese Foreign Ministry spokesperson Mao Ning said on Thursday, responding to a question about reports that the EU is expected to unveil new trade-restrictive tools targeting China in mid-June, while the latest survey by the European Union Chamber of Commerce in China showed that 68 percent of European companies have chosen to stay in or expand their business in China.

    By Global Times | 2026/6/4 15:51:19
  • China opposes US trade restrictions on China under pretext of 'forced Labor': MOFCOM spokesperson

    "China's position on the Section 301 investigation has been consistent. China opposes all forms of unilateral restrictive measures, including the series of trade restrictions imposed on China under the pretext of 'forced labor.' We have repeatedly expressed our solemn position on this matter,” China's Ministry of Commerce spokesperson He Yongqian told a press conference on Thursday, the Xinhua News Agency reported.

    By Global Times | 2026/6/4 15:40:33
  • BYD climbs to No.2 in Australian auto sales for 2nd straight month; EV innovation and green shift fuel optimism

    Australian market data recently highlighted the strong sales momentum of Chinese electric vehicle (EV) giant BYD over the past two months, with its rise to second place - behind only Toyota, with RACV, one of Australia's major motoring organizations predicted the brand plans to be market leader.

    By Chen Qingrui | 2026/6/4 15:10:48
  • China's new west-to-east power transmission line completes key construction milestone

    The Datong-Huailai-Tianjin South 1,000-kV ultra-high voltage (UHV) project – China's new west-to-east power transmission line and a major initiative under the country's 14th Five-Year Plan for power development – has completed a critical construction milestone. It successfully completed a crossing over the existing 1,000kV UHV Xilang I and Xilang II lines, marking its entry into the full-scale conductor stringing phase, local media Hebei Daily reported on Thursday.

    By Global Times | 2026/6/4 14:56:23
  • China trade push requires Vilnius to 'deliver tangible fixes to erroneous policy':expert

    A Lithuanian transport industry executive said that Lithuania is seeking to boost cargo shipments to China and Central Asia via the Middle Corridor at a logistics forum in Azerbaijan, as cited by local outlet Report News Agency on Wednesday, yet Chinese experts warn that such economic goals are unlikely to be achieved unless Lithuania takes concrete steps to redress its past violations of the one-China principle, which have severely damaged bilateral ties.

    By Global Times | 2026/6/4 14:16:50
  • FCC proposes new restrictions on Chinese companies in undersea internet cable; analysts say move to drive up costs for US customers

    The US Federal Communications Commission (FCC) said on Wednesday it plans to propose rules that will make it harder for Chinese companies to provide equipment and fast-track approvals for trusted US tech firms, according to a Reuters report. The report noted that the new rules come amid growing national security concerns voiced by some US officials over submarine communications cables.

    By GT staff reporters | 2026/6/4 13:45:27
  • MOFCOM urges OECD to avoid politicizing research reports or using them as tools after OECD claims Chinese enterprises received most subsidies

    A spokesperson of the Ministry of Commerce (MOFCOM) on Thursday said that China's industrial subsidy policies strictly comply with WTO rules and faithfully fulfill its transparency obligations. China believes that the report released by the OECD lacks rigorous concept definitions, has biased sample selection, and draws one-sided and arbitrary conclusions.

    By Global Times | 2026/6/4 13:08:21
  • WeRide, Pony.ai, based in Chinese mainland, now included in Hong Kong Stock Connect's eligible securities list

    The Shenzhen Stock Exchange announced on Thursday that autonomous driving technology start-ups WeRide and Pony.ai are included in the Hong Kong Stock Connect eligible securities list, so that eligible Chinese mainland-based investors to trade the companies' shares listed on the Hong Kong Stock Exchange through the Hong Kong Stock Connect program.

    By Global Times | 2026/6/4 12:09:59
  • Tariff wars, trade wars are not in interest of any party: FM on proposed US tariffs on 60 economies including China

    China opposes all forms of unilateral tariff measures. No one stands to gain from a tariff war or a trade war, Mao Ning, spokesperson of China's Foreign Ministry, told a press conference on Wednesday.

    By Liu Yang | 2026/6/3 22:13:10
  • GraphicAnalysis: Robots power services

    Editor's Note: As more Chinese robotics companies open retail stores and experience centers, robots are moving beyond factories and laboratories into shopping malls, communities, and homes. Supported by China's strong manufacturing base, supply chain advantages, and vast consumer market, growing demand across sectors—from services and education to elderly care—is accelerating the commercialization and adoption of robotic technologies.

    By Global Times | 2026/6/3 22:01:29
  • Guangdong sees RCEP trade facilitation, with tariff reductions amounting to 1.4b yuan in past three years: report

    As June marks the third anniversary of the full entry into force of the Regional Comprehensive Economic Partnership (RCEP), the customs authority in South China's Guangdong Province said that ports in Guangdong have imported a total of 53.8 billion yuan ($7.96 billion) worth of goods enjoying RCEP preferential treatment over the past three years, with tariff reductions amounting to 1.4 billion yuan, CCTV News reported on Wednesday.

    By Chu Daye | 2026/6/3 21:40:38
  • China has huge potential to grow in international travel in next decade: WTTC CEO

    "We should have brought more empty suitcases," Gloria Guevara, WTTC president and CEO, told the Global Times on Wednesday, recalling a recent family trip to China that ended with extra baggage fees after extensive shopping.

    By Li Xuanmin and Chen Zishuai | 2026/6/3 21:03:25
  • Yiwu's new infrastructure illustrates role of connectivity in trade growth

    A combined sea-rail freight train departed from the Yiwu (Suxi) International Hub Port on Tuesday, taking the port's cumulative container throughput past 200,000 standard containers, according to the People's Daily.

    By Hu Weijia | 2026/6/3 20:56:22
  • China air cargo network shows strong growth momentum, with North America in focus

    China's international air cargo network is accelerating its expansion, with a particular focus on North American routes, recording notable growth momentum.

    By Tu Lei | 2026/6/3 20:53:59
  • Ministry releases 4 typical crime cases, including fraudulent vehicle chips that cheat tail-gas emissions

    China's Ministry of Public Security released four typical cases of committing crimes of environmental pollution on Wednesday, involving the manufacturing and sale of cheating chips used to interfere with vehicle emissions testing and illegal disposal of hazardous waste.

    By Global Times | 2026/6/3 19:54:28
  • China hopes EU will adhere free trade principles amid bloc's tech promotion pact: FM spokesperson

    The essence of China-EU economic and trade relations is mutual benefit and win-win cooperation, and China is closely following relevant developments on the EU side, Chinese Foreign Ministry spokesperson Mao Ning said on Wednesday in response to reports that the European Union is to unveil a plan aimed at reducing its reliance on US and Asian technologies and promoting homegrown European digital alternatives, including new regulations covering semiconductors, cloud computing and artificial intelligence.

    By Global Times | 2026/6/3 16:23:30
  • Chinese firms make their way to the top not on subsidies: FM on OECD's claims about industrial policies

    Chinese Foreign Ministry spokesperson Mao Ning on Wednesday refuted a report from the Organisation for Economic Co-operation and Development (OECD) for its distorted claims on China's industrial policies, stating that Chinese firms make their way to the top not on subsidies.

    By Global Times | 2026/6/3 16:21:16
  • Tariff wars, trade wars are not in the interest of any party, Chinese FM on US' proposed tariffs on 60 economies including China

    Responding to a question saying that the Trump administration has proposed imposing additional tariffs of 10 percent or 12.5 percent on imported goods from 60 economies, including China and previously, the US side's claims — fabricated under Section 301 — alleging forced labor in product production have long been riddled with flaws and completely lacking in factual basis, Mao Ning, spokesperson from China's Foreign Ministry, told a press conference on Wednesday that China has consistently opposed all forms of unilateral tariff measures. Tariff wars and trade wars are not in the interest of any party.

    By Global Times | 2026/6/3 16:05:44
  • US seeks comments on possible China tariff adjustments; expert calls move 'positive' but urges further action

    The Office of the US Trade Representative (USTR) has launched a public comment process on a proposed mechanism for managing bilateral trade with China, seeking views on which “non-sensitive products” from both sides could be eligible for tariff cutting.

    By Ma Tong | 2026/6/3 15:57:20
  • Arm CEO says AI-capable CPUs hard to restrict due to 'widespread use'; experts say curbs squeeze SMEs and backfire on US chip sector

    Chip architecture firm Arm Holdings CEO Rene Haas said Tuesday that AI-capable CPU exports to China would be difficult to restrict because CPUs are “widespread use” and hard to distinguish by purpose. The executive previously criticized US export controls on China in June last year, warning that they could slow overall technological progress and ultimately hurt consumers and businesses.

    By Chen Qingrui | 2026/6/3 12:37:10
  • Mainland slams DPP's tariff agreement with US as an attempt to curry favor, only to reap bitter consequences

    The Democratic Progressive Party (DPP) authorities are kowtowing to and currying favor with Washington, selling out Taiwan island's core industries, sacrificing the island's industrial development prospects, and undermining the interests and well-being of the Taiwan people, Zhu Fenglian, a spokesperson for the State Council Taiwan Affairs Office, said at a press briefing on Wednesday, in response to questions about DPP authorities' concessions in a recent tariff agreement on non-semiconductor items with the US.

    By Global Times | 2026/6/3 12:16:24
  • Unitree Robotics partners with Nvidia to make 'H2 Plus' humanoid robot

    Huang Jiawei, Unitree's Director of Marketing, told the Global Times on Wednesday the new model is set for launch in the second half of this year, with its core highlight resting on an advanced high-performance computing stack from Nvidia that powers a more capable "intelligent brain" for humanoid machines.

    By Qi Xijia and Zhang Yiyi | 2026/6/3 11:02:52
  • China's first major canal linking inland waterways with sea achieves full water filling, set for full navigation in September

    China's Pinglu Canal, a key project on the New International Land-Sea Trade Corridor, achieved full water filling on Wednesday as the Ma'dao and Qishi navigation hubs has begun to be filled with water, according to CCTV News.

    By Zhang Weilan | 2026/6/3 10:24:40
  • Drone manufacturing

    Workers assemble drones at a production workshop of a company in Leshan, Southwest China's Sichuan Province, on June 2, 2026. Latest industry data show that in 2025, China's civil drone industry recorded a total output value of 176.1 billion yuan ($26.03 billion), up about 20 percent year-on-year, of which consumer-grade drones accounted for 50.2 billion yuan. Photo: VCG

    By Global Times | 2026/6/2 23:39:00
  • Mass production of T1000-grade carbon fiber marks new step in China's high-end materials push

    A research institute under China Sinopec has achieved a key technological breakthrough in wet-process T1000-grade high-performance carbon fiber and realized mass production, marking another step in China's push to strengthen the domestic supply of strategic materials for high-end manufacturing and industries of the future.

    By Ma Tong | 2026/6/2 23:33:59
  • World popularity of 3D printers shows how innovation fuels China's trade growth

    The high performance and cost-effectiveness of 3D printers made in Shenzhen, South China's Guangdong Province, mean that they are gaining global popularity and capturing nearly 90 percent of the world's consumer-grade 3D printer market, CCTV News reported on Tuesday.

    By Wang Jiamei | 2026/6/2 21:44:47
  • China unveils plan to accelerate agricultural, rural modernization

    China's State Council has announced the 15th five-year plan (2026-30) for accelerating agricultural and rural modernization, outlining development goals, key tasks and policy measures while emphasizing the role of agricultural modernization in advancing Chinese modernization, according to a notice published by China's central government on Tuesday.

    By Tao Mingyang and Ma Tong | 2026/6/2 20:39:40
  • Smarter safety

    Visitors look at an electric remote-controlled excavator on display at an occupational safety and health innovation and technology expo in the Hong Kong Special Administrative Region on June 2, 2026. The two-day expo brings together more than 100 organizations to showcase innovative solutions, products and technologies aimed at improving workplace safety and health. Photo: VCG

    By VCG | 2026/6/2 20:21:17
  • China's commercial aerospace sector enters 'a period of rapid growth'

    On an October morning last year, at the Jiuquan Satellite Launch Center in Northwest China's Gansu Province, the roar of rocket engines and blazing exhaust trails pierced the sky as the "Beibu Gulf No.1" satellite soared into orbit. Moments later, when mission control confirmed the satellite had successfully entered its designated orbit, applause erupted in a conference room of Fangchenggang City Investment Development Group Co in South China's Guangxi Zhuang Autonomous Region.

    By Tao Mingyang and Yin Yeping in Fangchenggang | 2026/6/2 20:09:25
  • AI technology boosts online sales during China's annual '618' shopping festival

    China's annual "618" shopping festival has delivered an encouraging first round of results, with the artificial intelligence (AI) emerging as an important growth driver of online sales.

    By Global Times | 2026/6/2 18:09:05
  • China to cut domestic flight fuel surcharge from June 5

    China's airlines will slash fuel surcharges for mainland routes on tickets sold from June 5, Air China and other airlines disclosed Tuesday.

    By Xinhua | 2026/6/2 16:03:48
  • Chinese cities make forays into space computing, likely the next frontier of AI race

    Chinese cities are accelerating their push into space-based computing, with Beijing, Tianjin and Chengdu successively rolling out dedicated research institutes and joint innovation centers in an effort to set up a strategic foothold in the next frontier of artificial intelligence (AI) infrastructure.

    By Zhang Weilan | 2026/6/2 14:24:22
  • China's humanoid robot industry accelerates commercialization, marked with growing sales, surging investment

    China's humanoid robot sector is shifting from tech showcases to growing consumer adoption, with major players accelerating commercial roll-outs.

    By GT staff reporters | 2026/6/2 13:17:00
  • EU reportedly set to join US-led 'Pax Silica;' move highlights anxiety over tech lag, risks undermining 'strategic autonomy': analyst

    The EU is set to join “Pax Silica” this week, a US-led scheme to coordinate export controls and co-investment in advanced chips that “aimed at curbing China's technological rise,” particularly in artificial intelligence (AI), according to a report by the Euro News on Monday. The move, under which the bloc is to purchase “at least $40 billion worth of US AI chips,” has already drawn criticisms and doubts from EU members and officials, according to media reports.

    By GT staff reporters | 2026/6/2 13:09:51
  • Häagen-Dazs business operations in Chinese mainland to be taken over by local investors: company

    An investment group that includes one of China's rising tea brands, Ningji, will take over Häagen-Dazs stores in the Chinese mainland, marking the latest case of an internationally known food and beverage brand selling its Chinese mainland business to a local operator, the company announced.

    By GT staff reporters | 2026/6/2 12:09:41
  • China's MOFCOM flags Australian beef imports nearing threshold for an additional 55% tariff

    China's Ministry of Commerce (MOFCOM) announced on Tuesday that imports of beef from Australia had reached 90 percent of the annual quota under its safeguard measures as of Monday, nearing the threshold for additional tariffs.

    By Global Times | 2026/6/2 11:33:48
  • China unveils outbound investment rules; Move to bolster resilience of outbound investment, fight external discrimination: expert

    China's State Council, the country's cabinet, on Monday issued a new regulation on outbound investment, which, with an aim to promote the country's high-standard opening-up and the high-quality development of its outbound investment, as well as protect the legitimate rights and interests of investors and their outbound investment, outlines a series of tools including investigations into investment barriers, countermeasures such as banning exports of relevant goods or technology, and banning investment in the Chinese market in a bid to fight external discriminatory measures against Chinese investment amid rising unilateralism, protectionism and isolationism.

    By Ma Jingjing | 2026/6/2 0:07:18
  • Sustained pressure on the rupee drags India's GDP ranking lower: expert

    By late 2025, headlines celebrating India's ascent to the world's fourth-largest economy dominated Indian media coverage. Yet just months later, in April 2026, the Times of India reported that IMF data showed India's GDP, measured in US dollar terms, stood at approximately $3.92 trillion in 2025, making it the world's sixth-largest economy.

    By Tao Mingyang | 2026/6/1 23:05:21
  • China's services sector upgrade gains pace as local plans focus on higher quality, industrial integration

    A CRH5 electric multiple unit (EMU) test train on Monday departed from Harbin Station toward Yichun West Station, both in Northeast China's Heilongjiang Province, marking the launch of the first trial operation on the Harbin-Yichun high-speed railway (HSR), the highest-latitude high-speed rail line currently under construction in China, state broadcaster CCTV News reported on Monday.

    By Ma Tong | 2026/6/1 22:20:12
  • China's highest-latitude HSR launches EMU test train in Heilongjiang

    A CRH5 electric multiple unit (EMU) test train on Monday departed from Harbin Station toward Yichun West Station, both in Northeast China's Heilongjiang Province, marking the launch of the first trial operation on the Harbin-Yichun high-speed railway (HSR), the highest-latitude high-speed rail line currently under construction in China, state broadcaster CCTV News reported on Monday.

    By Global Times | 2026/6/1 22:14:07
  • From Xizang to Hubei in 6 milliseconds: China's clean energy sector surges

    Six milliseconds to traverse 1,900 kilometers. That is how quickly electricity generated from clean-energy resources in Southwest China's Xizang Autonomous Region can reach households in Central China's Hubei Province via ultra-high-voltage direct-current transmission, according to the Science and Technology Daily.

    By Hu Weijia | 2026/6/1 22:09:24
  • China arrivals from five South American countries up 50.5% in visa-free year

    One year after China introduced visa-free policies for five South American countries, positive feedback from travelers is beginning to emerge. Data released by Shanghai border inspection authorities on Monday showed that from June 1, 2025, to May 31, 2026, a total of 81,000 passenger trips from the five South American countries to China were made through Shanghai ports, up 50.5 percent year-on-year, China Media Group (CMG) reported.

    By GT staff reporters | 2026/6/1 22:02:15
  • Chinese AI toys grab surging overseas orders

    With June 1, which was Children's Day, stirring domestic enthusiasm for toys in China, a big market opportunity is also unfolding overseas. Smart artificial intelligence (AI) toys that chat, offer educational content and recognize children's moods have captured growing interest among foreign buyers. Numerous Chinese toymakers have registered a marked uptick in export orders for AI-integrated playthings, racing to capitalize on booming global appetite for this new product category.

    By Qi Xijia | 2026/6/1 21:27:02
  • Blue Momentum: From aquaculture to green energy, Fangchenggang in S.China's Guangxi charts sustainable path toward the sea

    China has put high-quality development of its rich marine resources on the agenda. With a mainland coastline stretching 18,000 kilometers and a sea area under its jurisdiction of around 3 million square kilometers, China is a major maritime country with vast potential for developing the marine economy. To document its development, the Global Times is launching the "Blue Momentum" series of in-depth articles from local marine economic powerhouses. The third installment focuses on Fangchenggang, South China's Guangxi Zhuang Autonomous Region.

    By Yin Yeping and Tao Mingyang in Fangchenggang | 2026/6/1 21:15:19
  • Unitree works with Nvidia, Sharpa to design new humanoid robot system for academic research

    Unitree Robotics has partnered with Nvidia and Sharpa to co-develop an advanced humanoid robot system specifically designed for academic research. A Chinese expert said the partnership marks a significant collaboration that combines Unitree's hardware expertise with Nvidia's AI computing power and Sharpa's specialized robotics solutions to accelerate innovation in humanoid robotics for the global research community.

    By Zhang Weilan | 2026/6/1 20:36:01
  • World's first hotel 'manned' entirely by robots to open in Shenzhen, South China's Guangdong Province

    The west artificial island of the Shenzhen-Zhongshan Link, a mega infrastructure project in the Guangdong-Hong Kong-Macao Greater Bay Area, is set to welcome a hotel “manned” entirely by robots, marking what is being described as “the world's first robot-served hotel,” Xinhua News Agency reported on Monday.

    By Global Times | 2026/6/1 19:54:36
  • Price of tin, 'metal of computing power,' rises 40% within six months, boosted by explosive AI growth

    The price of tin, hailed as the "metal of computing power," has surged about 40 percent within six months in China, reaching a historic high. Industry insiders said that behind this price hike lies a combination of factors including a reshaped global supply-demand structure and explosive growth in artificial intelligence (AI) technology.

    By Global Times | 2026/6/1 19:04:52
  • Unitree Robotics passes official IPO review, eyeing to get listed on Shanghai STAR Market

    A notice released by the Shanghai Stock Exchange on Monday said that Unitree Robotics' initial public offering (IPO) has met the requirements for issuance, listing, and information disclosure.

    By Global Times | 2026/6/1 18:29:50
  • Washington moves to block Chinese firms located outside China from accessing advanced AI chips; Chinese experts call latest US step discriminatory and counterproductive

    Washington has once again moved to escalate its chip suppressing against China. According to a Reuters report on Monday, the US Department of Commerce on Sunday moved to close a potential loophole that may have led companies to export the world's most advanced chips - like Nvidia's most sophisticated Blackwell processors - to subsidiaries of Chinese companies located outside China. Chinese experts described the latest restrictions as targeted and discriminatory, arguing that the measures are unlikely to achieve their intended goals and could instead harm US companies while accelerating China's technological development.

    By Zhang Yiyi | 2026/6/1 18:14:01
  • China unveils outbound investment rules to promote high-quality development and enhance protection against external pressure

    China's State Council on Monday unveiled new measures to promote the high-quality development of outbound investment, strengthen the implementation of outbound investment management and protect the legitimate rights and interests of investors and their overseas investments. The measures aim to enhance the country's capacity and level of outbound investment protection, step up safeguards and help enterprises respond to unreasonable suppression by certain foreign governments.

    By Global Times | 2026/6/1 17:48:16
  • China's new outbound investment rules to take effect on July 1, bolstering opening-up while safeguarding national security

    China on Monday released a new regulation on outbound investment, which will officially enter into force on July 1, aiming to further bolster opening-up, while safeguarding national security and development interests.

    By Global Times | 2026/6/1 11:52:26
  • Transmission project

    Staff from the Ma'anshan branch of State Grid carry out a relocation and reconstruction operation on a transmission line crossing the Ning'an High-Speed Railway and the Ningwu Expressway in Ma'anshan, East China's Anhui Province, on May 31, 2026. The move aims to facilitate the construction of the high-speed railway connecting Chaohu and Ma'anshan. Photo: VCG

    By VCG | 2026/5/31 23:59:03
  • Reader's Reflections: China's poverty reduction and rural revitalization experience shows inclusive growth is 'essential and feasible': Ethiopian economist

    In the 24th article of the "Readers' Reflections" column, Global Times (GT) talked to Arkebe Oqubay, a British Academy Global Professor at SOAS University of London and former Senior Minister and Special Adviser to the Prime Minister of Ethiopia, to get his insight on China's historic poverty reduction achievement, its rural revitalization strategy, and what this experience means for other developing countries.

    By Ma Tong | 2026/5/31 21:55:55
  • Summer consumption feast a manifestation of China's broad economic upgrading

    As the summer peak approaches, demand for cooling-related consumption is strengthening across China, driving the rapid expansion of the so-called summer economy. Emerging trends in the summer spending boom reflect broader shifts in China's ongoing consumption upgrading and its digital and green transition.

    By Hu Weijia | 2026/5/31 22:35:53
  • HK becomes world's No.1 cross-border wealth hub: A 'vote of confidence,' says official

    Hong Kong Financial Secretary Paul Chan Mo-po said on Sunday that both domestic and international funds have cast a vote of confidence in the city, and that Hong Kong's asset management business has achieved remarkable growth.

    By Global Times | 2026/5/31 21:40:15
  • World intelligence expo shows smart manufacturing shifting from concept to reality

    A robotic arm stretched out over a sizzling griddle, spreading batter in smooth circles before cracking an egg, scattering chopped scallions and folding the finished jianbing into place. In a few minutes after a visitor scanned a QR code to place an order at the World Intelligence Expo 2026 in Tianjin, a steaming Chinese savory crepe slid onto the pickup counter.

    By Chen Qingrui and Ma Jun | 2026/5/31 20:57:06
  • AI start-up MiniMax plans secondary listing after HK IPO

    Chinese large-language model (LLM) company MiniMax is planning a secondary listing on the A-share market following its HK$106.7 billion ($13.6 billion) IPO in Hong Kong in January. A Chinese industry expert said that the move signals market confidence that the country's artificial intelligence (AI) rally is gaining higher momentum.

    By Zhang Weilan | 2026/5/31 20:35:34
  • Unitree opens first Asia robotic experience center, drawing crowds ahead of IPO hearing

    Chinese robot company Unitree opened its first experience center" in Asia on Sunday in Shanghai, drawing large crowds and sparking widespread discussion online.

    By Zhang Yiyi in Beijing and Chen Xia in Shanghai | 2026/5/31 19:34:08
  • Foreign journalists impressed by Wuxi's thriving robotics industry, a manifestation of China's manufacturing strength

    At a robotics exhibition hall held in Wuxi city, East China's Jiangsu Province, the visitors were greeted not by a formal speech, but by a silver humanoid robot performing an improvised mechanical rap. The robot then switched into a fluid tai chi routine, drawing gasps, smiles and a flurry of cameras from the press.

    By Zhang Weilan in Wuxi | 2026/5/31 19:28:23
  • Summer tourism surges as agencies report steady booking growth

    With one month still to go before the summer vacation season, summer travel bookings have already fully kicked off in China. Multiple travel agencies report steady growth in domestic travel bookings, while inbound tourist arrivals are projected to surge compared to the same period last year.

    By GT staff reporters | 2026/5/31 18:44:45
  • Fatal expressway crash involving assisted-driving system sparks debate over driver responsibility

    A traffic accident investigation in East China's Jiangxi Province found that a driver activated an assisted-driving system and took his hands off the steering wheel just minutes before a fatal expressway crash that claimed three lives. The report cited driver distraction and a disabled truck stopped in a traffic lane as major contributing factors. The case has sparked online debate over the limits of assisted-driving technology and the importance of drivers remaining fully attentive behind the wheel.

    By Zhang Yiyi | 2026/5/31 16:26:22
  • China's manufacturing PMI drops to 50 in May

    The purchasing managers' index (PMI) for China's manufacturing sector stood at 50 in May 2026, down 0.3 percentage points from the previous month, official data showed on Sunday.

    By Xinhua | 2026/5/31 10:24:17
  • Beijing space computing institute established in E-Town, with first experimental satellite targeted for launch by 2028

    A space computing research institute has been established in Beijing E-Town to advance key technologies, including spaceborne computing chips and inter-satellite laser communications. Its first experimental satellite is expected to be launched by 2028.

    By Zhang Yiyi | 2026/5/31 11:50:59
  • From smart factories to embodied robots, int'l visitors experience China's AI boom

    In the embodied intelligence exhibition hall, a humanoid robot waved, interacted smoothly with visitors, drawing crowds of onlookers. A German guest, Andrea Rösinger, repeatedly raised her phone to capture the scene.

    By Xinhua | 2026/5/31 8:17:45
  • China urges EU to uphold free trade and fair competition, oppose protectionism and unilateralism, in response to EU's discussion on ties with China

    China and the EU are equal and mutually beneficial trading partners, and it is hoped that the EU will abide by WTO rules, uphold free trade and fair competition, and firmly oppose protectionism and unilateralism, a spokesperson for China's Ministry of Commerce (MOFCOM) said on Saturday, in response to questions regarding a meeting held on Friday by the European Commission to discuss its relationship with China.

    By Global Times | 2026/5/30 17:40:52
  • Fruitful IP products

    The Beijing Intellectual Property Licensing Industry Expo 2026 is being held from May 29 to 31 at the Beijing Etrong International Exhibition & Convention Center. This year's expo brings together more than 1,000 high-quality IP resources from around the world, covering the entire industry chain of IP creation, operation, licensing, production, and sales, comprehensively presenting the latest developments and future trends of the IP industry. Photo: Li Hao/GT

    By Global Times | 2026/5/29 23:24:19
  • China to boost industrial tourism across leading sectors: notice

    China's Ministry of Culture and Tourism, together with six other government departments, has issued a notice encouraging enterprises in the aerospace, shipbuilding, automotive and robotics sectors to develop themed visitor factories under the premises of safety and confidentiality, aiming to further expand the nation's cultural tourism formats and scenarios.

    By Tao Mingyang | 2026/5/29 22:00:42
  • Chinese localities chart tailored paths for high-quality growth under 15th Five-Year Plan

    Many local governments across China have recently held press briefings to set out how they will launch implementation of their 15th Five-Year Plan (2026-30) outlines, as localities move to translate the national development blueprint into locally tailored action plans amid the country's broader drive to advance high-quality development.

    By Ma Tong | 2026/5/29 21:55:00
  • China vows 'necessary' measures amid reports of EU trade curbs

    A spokesperson for the Chinese Foreign Ministry (FM) on Friday stated that China would take measures necessary to safeguard legitimate rights and interests, when asked about China's message to the EU ahead of a European Commission (EC) meeting on Friday local time where it was expected to introduce measures to shield European industry from so-called Chinese competition.

    By Yin Yeping | 2026/5/29 21:52:26
  • China's social logistics volume exceeds 120t yuan in first four months with resilient growth, structural optimization

    In the first four months of 2026, China's logistics demand maintained resilient growth with continuously optimized structure, forming a coordinated development pattern featuring solid industrial logistics as the foundation, vibrant consumer logistics, and steadily recovering international logistics, data from the China Federation of Logistics & Purchasing showed on Friday.

    By GT staff reporters | 2026/5/29 16:31:30
  • China closely monitoring relevant developments, will take necessary measures: Chinese FM on EU's reported meeting on protectionist measures

    Asked to respond to media inquiries regarding reports that the European Commission will hold a meeting on Friday local time and is expected to introduce measures to protect European industries from so-called competitive pressures from China, Mao Ning, a spokesperson for China's Ministry of Foreign Affairs, said at a regular press conference on Friday that the essence of China-EU economic and trade relations lies in mutual benefit and win-win cooperation. China has never deliberately pursued a trade surplus with the EU, the spokesperson noted.

    By Global Times | 2026/5/29 16:24:00
  • China delivers first LNG carrier with domestic cryogenic cargo valves in key localization breakthrough

    China on Friday delivered its first large LNG carrier with a cargo containment system fully fitted with domestically made ultra-low-temperature valves, marking a key breakthrough in the localization of critical LNG shipbuilding equipment and highlighting the country's growing strength in high-end vessel manufacturing.

    By Global Times | 2026/5/29 14:54:48
  • Generalized security excuses to bar specific suppliers to damage EU's open and fair market: CCPIT spokesperson

    China's trade promotion agency on Friday expressed firm opposition to the EU's planned introduction of “non-technical risk” factors, which directly link enterprises from specific countries or with specific national backgrounds to cybersecurity risks and exclude them from relevant EU supply chains, into the draft of its Cybersecurity Act.

    By Global Times | 2026/5/29 12:54:35
  • Chinese chamber urges EU to ensure legal certainty, non-discrimination in FSR probe into JD.com's CECONOMY deal

    The China Chamber of Commerce to the EU (CCCEU) on Friday urged the European Commission to ensure legal certainty, proportionality and non-discrimination in its investigation under the Foreign Subsidies Regulation (FSR) into JD.com's proposed acquisition of CECONOMY, warning against generalizing normal market-based competitive advantages as so-called “market distortions.”

    By Global Times | 2026/5/29 10:01:33
  • Doubao refutes claims of parents listening AI model's advice to 'feed infant only 60 ml of milk per meal'

    Doubao, a large AI model under ByteDance, on Thursday issued a statement on its Sina Weibo Account, refuting what it described as false reports claiming that parents had followed the AI assistant's advice to feed an infant only 60 milliliters of milk per meal.

    By Global Times | 2026/5/28 22:21:02
  • China, Serbia triple bilateral local-currency swap, aiming to boost trade, financial cooperation

    China and Serbia have more than tripled the size of their bilateral local-currency swap arrangement, a move that analysts said will provide stronger financial support for expanding trade, investment and local-currency settlement between the two countries amid growing momentum in bilateral economic cooperation.

    By Ma Tong | 2026/5/28 22:15:43
  • China urges EU to honor commitment to free trade, warns of response after Brussels' addressing 'imbalanced trade' rhetoric

    China's foreign ‌ministry on Thursday urged the European Union to view its trade ties with China comprehensively and objectively and honor its commitment to free trade, after reports claimed the EU plans to expand tools to address "imbalanced trade" with China including using import quotas and tariffs on Chinese goods.

    By GT staff reporters | 2026/5/28 22:03:30
  • Foreign carmakers' changes in China reveal potential for further co-op in EV sector

    For decades, foreign carmakers brought technology and branding while local partners in China provided factories and a market, but that relationship is changing, the BBC wrote in a recent report on China's automobile industry. The article reflects one strand of Western media thinking on China's electric vehicle (EV) sector. While some of its interpretations may not fully capture the complexity of the market, the broader shift it identifies deserves attention.

    By Hu Weijia | 2026/5/28 21:54:41
  • Chinese researchers develop first homegrown rapeseed gene chip, breaking foreign monopoly

    “Developing a new rapeseed variety used to take up to 10 years of field trials and breeding work. Now, with the 'Zhongxinyou No.1' gene chip and rapid breeding technologies that allow up to five growing cycles a year, the process can be shortened to as little as three years,” said Chen Lunlin, a researcher with the rapeseed team at the Jiangxi Academy of Agricultural Sciences.

    By Li Xundian and Zhang Yiyi | 2026/5/28 21:17:36
  • Overseas investors hold over 4t yuan in free float of A shares

    Foreign capital has steadily flowed into Chinese stocks this year through various channels, and investors hold more than 4 trillion yuan ($590 billion) worth of the free float of A shares, becoming important participants in China's capital market, an official from the China Securities Regulatory Commission (CSRC) said on Thursday, the Xinhua News Agency reported.

    By Yin Yeping and Ma Jingjing | 2026/5/28 21:04:55
  • Ground broken on Guangzhou Aerospace Town as China's commercial aerospace industry accelerates

    Ground was officially broken on an aerospace industry cluster, the Aerospace Town, in Guangzhou, South China's Guangdong Province, on Thursday in the city's Huangpu district, marking another major industrial layout in the Guangdong-Hong Kong-Macao Greater Bay Area and highlighting China's accelerating push toward large-scale development of the commercial aerospace industry, Radio The Greater Bay under China Media Group reported.

    By Tao Mingyang | 2026/5/28 20:58:02
  • High-end manufacturing

    A worker produces electronic copper foil at a company in Tongling, East China's Anhui Province, on May 28, 2026. The company has accelerated breakthroughs in the high-end copper foil segment, achieving faster and lower-loss signal transmission. Its products have become core materials for artificial intelligence servers and other fields, providing support for the independent and controllable development of China's electronic information industry chain. Photo: VCG

    By VCG | 2026/5/28 20:52:15
  • AI to empower global economic cooperation, as China sharpens its tech edge: Joe Weinman

    As artificial intelligence (AI) rapidly reshapes industries and daily life, China has drawn global attention for its advances in areas such as embodied AI and smart manufacturing. In an interview with the Global Times (GT), digital strategy expert and "father of Cloudonomics" Joe Weinman (Weinman) said that China is cultivating a distinct advantage in AI applications and innovation, while AI's continuous evolution will further facilitate global business and trade.

    By Wang Yi | 2026/5/28 20:28:26
  • China becoming major player in robotics innovation: Nobel laureate

    China accounts for 31 percent of global manufacturing and is significantly advanced in robotics. Robotics is moving forward pretty quickly. There is no doubt that China will rank among the world's leading robotic powers and will become a major player in the field.

    By Global Times | 2026/5/28 20:20:30
  • BRI-driven progress in Pakistan offers valuable lessons for other countries

    This year marks the 75th anniversary of diplomatic relations between China and Pakistan. Over more than seven decades, the bilateral relationship has remained steadfast despite regional and global volatility. As a flagship project of the China-proposed Belt and Road Initiative (BRI), the China-Pakistan Economic Corridor (CPEC) has become a vivid embodiment of the all-weather strategic cooperative partnership, firmly anchored in the principles of equality, mutual trust, and respect.

    By Yasir Habib Khan | 2026/5/28 20:14:57
  • From ports to cold chains, South China's Fangchenggang rapidly emerges as a logistics and industrial hub

    Container trucks loaded with fruit and frozen goods from ASEAN countries line up at Dongxing Port in Fangchenggang, South China's Guangxi Zhuang Autonomous Region, ready to pass through the gate into China from Vietnam. On the other side, trucks carrying Chinese electronic products and manufactured goods are ready to head to Vietnam.

    By Yin Yeping and Tao Mingyang in Fangchenggang | 2026/5/28 20:08:40
  • Flagship BRI project CPEC to become model of green, smart and shared development

    Pakistani Prime Minister Shehbaz Sharif's recent visit to China has underscored the importance of the China-Pakistan relationship, while also reinforcing the all-weather strategic cooperative partnership and ironclad brotherhood. The visit coincided with the 75th anniversary of the establishment of diplomatic relations between China and Pakistan, one that has been marked by unwavering commitment and sincerity, one that has withstood various tests, remained rock-solid, and set a shining example for state-to-state relations

    By Shakeel Ahmad Ramay | 2026/5/28 20:07:01
  • Germany, Spain reportedly push back on European plan to ban Chinese firms; move shows 'rational voices that value market principles'

    The reported stance by Germany and Spain, two important members of the EU, with concerns about decision-making power on supplier risks being raised, has underlined opposition and divisions from EU members on the EC's proposed revision of the Cybersecurity Act (CSA2), Chinese analysts said on Thursday. The proposed EU rule goes against market principles and is set to harm the interests of EU consumers, analysts said.

    By Chu Daye | 2026/5/28 19:07:21
  • Chinese automaker SAIC Motor becomes nation's first to reach 100 million vehicles in cumulative production and sales

    Domestic carmaker SAIC Motor delivered its 100 millionth vehicle in Shanghai on the afternoon of Thursday, becoming the first Chinese automobile group in history to surpass 100 million units in cumulative production and sales, according to the Xinhua News Agency.

    By Global Times | 2026/5/28 17:04:19
  • Export control measures against Japan are 'entirely justified, reasonable, and legal:' MOFCOM

    China has recently added 20 Japanese entities to the export control list and another 20 Japanese entities to the watch list. The purpose is to curb Japan's attempts at remilitarization and nuclear armament, which is entirely justified, reasonable, and legal, China's Ministry of Commerce spokesperson He Yadong said on Thursday, according to China Media Group.

    By Global Times | 2026/5/28 16:50:51
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