Recent financial market tensions have "added new downside risks and have made the risk assessment blurrier," European Central Bank President Christine Lagarde warned in a speech on Wednesday, during which she painted a rather grim, uncertain outlook for the eurozone.
The Chinese Ministry of Commerce (MOFCOM) on Thursday called on the US to cancel all additional tariffs imposed on China as soon as possible and work with the Chinese side to maintain the stability of global industrial and supply chains for the benefit of the two peoples and the world.
Chinese and Australian companies have reported a significant coal trade rebound in January and February, driven by increasing demand, and they're holding a positive tone for the remainder of the year, the Global Times learned from industry insiders.
The Pre-2030 Development Plan on Priorities in China-Russia Economic Cooperation, a key statement issued by the two countries during the state visit of the Chinese top leader to Russia, was directed at solving bottlenecks in the cross-border flows of goods, capital and people, and should push bilateral trade to an unprecedented level, Chinese and Russian entrepreneurs said on Thursday.
A wave of business groups from the island of Taiwan are visiting the Chinese mainland with hopes of more growth opportunities in the mainland market, even as secessionist Democratic Progressive Party (DPP) authorities on the island seek to undermine cross-Straits exchanges.
China resumed imports of Brazilian beef on Thursday, one month after the product was banned over a confirmed case of mad cow disease, just days ahead of a state visit by Brazil's President Luiz Inacio Lula da Silva to China.
Brazilian President Luiz Inacio Lula da Silva will pay a state visit to China from March 26 to 31 upon invitation, Foreign Ministry spokesperson Hua Chunying announced last Friday, which will be Lula's fifth visit to China, marking an upward trend of bilateral relations.
China Evergrande Group has announced a plan for the restructuring of its $22.7 billion offshore debt on Wednesday, a significant move to defuse market risks, while paving ground for a recovering real estate market in the world's second largest economy, industry analysts said.
China's Foreign Ministry on Thursday urged the US to explain to the world how serious the risk of the US banking crisis is, and how the US authorities plan to deal with it and minimize its spillover effects, as it's the US' responsibility and expectations of the international community.
Despite losing 164 billionaires, China is still the global capital for billionaires with 969 ahead of the US, according to the latest rich list released by the Hurun Research Institute on Thursday.
The volley of visits by US' senior officials are seen as setting a stage for US President Joe Biden's potential visit to the continent. It seems Biden is planning to change his predecessor's arrogance toward Africa, but the seemingly positive changes are underpinned by the same logic of "strategic competition".
From the collapse of Silicon Valley Bank to the crisis at Credit Suisse, the international financial market is experiencing a wave of shocks. Facing the current turbulent external market environment, Hong Kong's financial industry has displayed its own unique advantages.
The China Association of Automobile Manufacturers (CAAM) on Wednesday called for a return to normal order after major Chinese car makers kicked off price war to boost sales in March.
Chinese Premier Li Qiang stressed that China will put the focus of economic development on the real economy, with more efforts to boost advanced and high-end manufacturing, during an inspection tour in Central China's Hunan Province, according to China Media Group (CMG) on Wednesday.
The US' containment will not hinder China's development, but only strengthen the country's resolve and capability of reaching self-reliance of high technologies, Chinese Foreign Ministry said on Wednesday, stressing that the US will make a rod for itself if it maintains its hegemony at the cost of normal international trade.
The China-Pacific Island Countries Juncao Technology Demonstration Center was put into use in Fiji, China's Embassy to the South Pacific island country announced on Wednesday, aiming to enhance the regional development of Juncao related technologies.
China's Foreign Ministry on Wednesday called on all related parties, in particular Western commercial creditors and multilateral financial institutions, to make contributions to alleviating the debt pressure of developing countries amid the tightening international financial environment.
UK business leaders are calling for the return of constructive dialogue between China and the UK in economic and financial sectors, as they put more weight on the Chinese market and its strong consumption recovery.
Cooperation between China and New Zealand has great potential and broad development prospects. To exploit the economic complementarity, New Zealand should avoid being kidnapped by the US' “decoupling from China” push.
The Pre-2030 Development Plan on Priorities in China-Russia Economic Cooperation, a key statement issued by the two countries during the state visit of the Chinese top leader to Russia, is set to further improve the quality and structure of rapidly expanding China-Russia trade and produce a regional impact, observers and industry players said on Wednesday.
The Hong Kong Special Administrative Region (HKSAR), one of the world's most vibrant international financial centers, has seen a surge in the number of local bank account openings and enquiries in recent days, the Global Times learned, amid a confidence collapse toward the Western banking and financial system after turmoil involving Credit Suisse, Silicon Valley Bank and other US banks.
With the global race for the cutting-edge 6G technology in progress, experts and researchers are calling for a unified 6G innovation system to be established this year, a key window for the technology's progress.
After six or seven complex procedures, a piece of complex and exquisite wedding dress is completed, which will be exported and dress up millions of brides around the world. This is a daily scene in factories of more than 600 wedding dress enterprises in Dingji town, East China's Anhui Province.
As the first new sub-regional cooperation mechanism, the Lancang-Mekong Cooperation (LMC) has continued to develop at a high level during the past seven years since its launch, becoming a “golden model” of regional cooperation, the Chinese Foreign Ministry said on Wednesday.
The biggest difference between Chinese modernization and Western modernization is that Chinese modernization is to achieve high-quality development, which is driven by “total factor productivity” (TFP), Liu Qiao, dean of Guanghua School of Management, Peking University, said at a conference on Monday.
The friendship between China and Russia has brought “opportunities and development” to Chinese enterprises, Zhou Liqun, president of the Union of Chinese Entrepreneurs in Russia, told the Global Times on Tuesday, saying that Chinese firms in Russia have confidence in the broad prospects of bilateral economic and trade cooperation.
In the first two months this year, Shanghai's import and export value set a new record for the same period, reaching 681.56 billion yuan ($98.96 billion), an increase of 0.7 percent year-on-year, China Media Group reported on Wednesday.
China and Russia are expected to achieve targeted annual trade of $200 billion ahead of schedule and continue to see a boom in trade in the years ahead as the two countries are stepping up efforts to enhance business cooperation in various fields ranging from commodity trade to regional connectivity and other emerging fields, observers and industry players said amid the ongoing state visit of the Chinese top leader to Russia.
Once Pandora's box is opened, a political plague will harm the US economy, and foreign companies doing business in the US, such as TikTok, won't be the only ones that suffer.
China's overnight funding rate, a measure of market liquidity, soared to a two-year high on Tuesday.
Despite strong internal and international opposition, Japan still intends to dump more than 1 million tons of irradiated water into the Pacific Ocean in the spring or summer of this year, the Japanese government confirmed in January.
Australian coal trade with China is set for a full recovery with exports in February amounting to 207,236 tons, data from China's General Administration of Customs (GAC) showed. The shipments appear to have been the first in two and a half years.
The unfolding bank crisis in the US and Europe as well as the highly controversial handling of the crisis has hit international investors' confidence in the Western financial system and shaken US' financial hegemony, experts said on Tuesday, noting that more international capital is likely to flee from Western markets and to Asia, including the Hong Kong Special Administrative Region (HKSAR).
China will continue to work with relevant countries and international financial institutions to play an active role in helping Sri Lanka address its debt problem and achieve sustainable development, a Chinese Foreign Ministry spokesperson said on Tuesday.
The People's Bank of China (PBC), the country's central bank, issued 5 billion yuan ($723 million) worth of bills in Hong Kong on Tuesday, a move to further consolidate the international financial hub's status and promote the yuan's internationalization, experts said.
China-built railways in different continents bring the same opportunities to people along the rail routes, Wang Wenbin, a Chinese Foreign Ministry spokesperson, told a press conference on Tuesday, noting that with the joint efforts of China and the partner countries, cooperation under the BRI will bear more fruitful results and benefit more people.
Citing Hong Kong's resilient banking system, proper regulation and abundant liquidity, John Lee ka-chiu, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) government, said on Tuesday that the Credit Suisse crisis is not affecting Hong Kong in a significant way.
The 6G Requirements and Design Considerations, a proposal for the next-generation ultra-high-speed mobile connections, was released by China Mobile together with 16 international telecom operators through the Next Generation Mobile Networks Alliance (NGMN), reflecting China's growing clout in the telecom sector, China Mobile told the Global Times on Tuesday in a statement.
The banking crisis emerging in the US and Europe will most likely continue, if not deteriorate, and the global capital market will keep teetering due to this evolving grave uncertainty since the 2008 subprime crisis, despite knee-jerk and scrambled attempts by governments and central banks to rescue failed lenders and inject massive liquidity to prevent a credit crunch. Another chaotic run on a weak bank may occur at any time.
Shares of defense-related Chinese firms rose across the board on Tuesday after the nation's state assets regulator pledged to support the rapid development of centrally-administered military-related state-owned enterprises (SOE).
China's first hydrogen fuel cell powered 500-kilowatt-service vessel was put into service recently in Zhongshan, South China's Guangdong Province, marking a breakthrough in the application China's hydrogen technology in the marine sector, China Media Group reported on Tuesday.
China National Offshore Oil Corporation (CNOOC) started drilling on Sunday for its carbon dioxide (CO2) injection well at the Enping 15-1 platform. It is China's first offshore CO2 injection well, which the group said would be able to store about 300,000 tons of CO2 per year, equivalent to planting nearly 14 million trees or turning off about 1 million vehicles, according to news portal jiemian.com.
The China Development Forum (CDF), an annual high-level event hosted by the Development Research Center of the State Council, China's cabinet, is scheduled to run from March 25 to 27 at the Diaoyutai State Guesthouse in Beijing, the first major conference to be held in the country after the conclusion of the annual two sessions.
A ceremony for the resumption of the Simandou mining project, the world's largest undeveloped iron ore deposit, took place on Saturday, the Guinean government announced on Sunday, meaning the project has officially entered into substantive development after a one-year suspension.
Russia became China's top oil supplier in January and February, shipping about 15.68 million tons of crude oil to the world's second-largest economy, data from China's General Administration of Customs (GAC) showed.
The US is aggressively pushing forward talks for its so-called Indo-Pacific Economic Framework (IPEF), which is widely viewed as an attempt to rope in countries in the Asia-Pacific region to contain China, but negotiations have not only failed to make any concrete progress but also met with growing criticism and resistance.
Rather than helping US companies to catch up with TikTok, “Hill & Valley Forum” – an anti-China group's touting of “decoupling” and tech war will be counterproductive to the US tech industry.
The former chairman of leading Chinese chip producer Tsinghua Unigroup has been investigated on suspicion of duty-related crimes, China's top anti-graft watchdog said on Monday, underscoring the country's zero tolerance toward corruption.
US and EU regulators' massive liquidity assistance to embattled banks has sent relief to global markets, but the prospect of a deepening banking crisis in the developed economies remains not effectively defused.
This is the second of three installments by the Global Times to examine the expected tremendous economic impacts of the Japanese government's reckless decision, including huge damages to its nuclear industry, its agricultural exports, as well as the fishery industry in Pacific countries.
The Chinese Ministry of Agriculture and Rural Affairs held a meeting to review the achievements linked to supportive government policies targeting the seed industry while calling for localities to ramp up support for industry players.
The growing number of empty containers piling at the ports reflected that the global market remains optimistic about China's export capacity, a senior official from the General Administration of Customs (GAC) said on Monday.
The first batch of 1,780-kilogram oranges originated in Iran was imported to China by air via Shanghai Pudong International Airport, Chinese media outlet thepaper.cn reported on Sunday citing Shanghai Customs, as the two countries further expand bilateral trade in agricultural products sector.
Several prominent Chinese entrepreneurs over the weekend expressed their confidence that Chinese companies will eventually catch up with ChatGPT, the artificial intelligence (AI)-powered chatbot developed by US-based OpenAI, while noting the vast potential for the AI chatbot sector in the future.
Japan's restarting of its nuclear plants despite safety concerns could tarnish its reputation as a nuclear power operator, Chinese experts said, as Japan commenced the operation of equipment needed for its nuclear-contaminated wastewater dumping plan for the first time on Friday at its crippled Fukushima Daiichi nuclear power plant, and a prelude to the wastewater's final discharge into the open ocean.
Countries should be alert to more potential financial risks amid global interest rates hikes, Chinese officials said over the weekend.
The blame for current financial plight should go straightly to the US government and the Fed for they have chosen to neglect one basic economic rule – that fiscal and monetary prudence is always needed.
China's Ministry of Human Resources and Social Security will sponsor a series of special recruitment events for college graduates in large and medium-sized cities from Sunday to May 26, vowing to promote high-quality employment, the ministry said on its official WeChat account on Sunday.
In its first year, the operating section of the Belgrade-Budapest Railway, a high-speed railroad between the capitals of Serbia and Hungary, transported 2.93 million passengers as of Sunday.
China's registration-based IPO system is progressing at an accelerated pace, about one month after the country announced detailed mechanisms and regulations for institutional reform.
Participating with the US-led plan to contain China like AUKUS, Australia will put its sincerity to mend cooperation with China in doubts. Australia should be wary of dangerous US geopolitical games as Chinese investment recovers.
China and Japan have agreed to strengthen cooperation in minerals, semiconductors, batteries and other “strategic areas” on Saturday, a move aiming to “better cope with China's growing influence and global security concerns,” according to a report from the Associated Press (AP) on Saturday.
About 3.6 percent of the spring sowing across China has been completed, about the same pace as last year, the China Media Group reported on Sunday, citing data from the Ministry of Agricultural and Rural Affairs (MOA).
China has discovered a super-large gold mine deposit, the Xilaokou gold mine deposit in Rushan, East China's Shandong Province with an estimated reserve of 50 tons gold, CCTV reported on Saturday.
It is crucial to improve the financial regulatory system and strictly maintain the bottom line of low risks, China's former finance minister said at a forum on Saturday in commenting on the recent collapse of the US Silicon Valley Bank (SVB) that sent shockwaves across the US banking system.
China has announced to establish a central commission that will be in charge of reviewing major national strategies for scientific and technological development, one of the most powerful changes to the country's innovation system in decades and which paves the way for the rollout of more policies to achieve core technological breakthroughs, experts said.
China's central bank, the People's Bank of China (PBC), announced on Friday it was lowering the amount of deposits banks have to set aside, as the world's second largest economy beefs up efforts to accelerate economic growth to withstand external fluctuations, after the world witnessed a grueling week struggling with financial turmoil triggered by the failure of some US banks.
Air travelers from China to Canada will no longer be required to provide proof of COVID test results before boarding, starting from Friday, the Public Health Agency of Canada announced, marking the latest move by a foreign country to relax restrictions for Chinese travelers.
China's hog production capacity and prices remain stable and resilient with no particular impact from African swine fever, thanks to ramped up efforts already in place to secure safe manufacturing and supply, major pork producers and an industry group told the Global Times on Friday.
Various cities in China are distributing a new round of consumption vouchers to boost domestic demand, targeting auto and home appliances in a bid to further shore up consumer confidence.
China cuts reserve requirement ratio RRR by 0.25 percentage points starting from March 27 in an effort to ramp up financial support for the real economy.
China's Ministry of Commerce (MOFCOM) on Thursday pushed back against foreign media claims of Chinese “trade curbs” against Australian coal imports, saying such misleading claims are inappropriate and China's automatic permit management system for coal imports is functioning normally.
As for the island of Taiwan, the US' ill-intentioned chip war has become a dangerous game, during which Washington will not hesitate to hijack Taiwan's semiconductor manufacturing sector as cannon fodder for the US' own interests.
A Chinese business group and companies doing business in Europe expressed serious concerns regarding the EU's reported intention to curb imports of Chinese green technologies and products including solar panels – a segment where China leads the world.
China's first "refrigerator for quantum chips" has been put into use to maintain a stable environment and enable the smooth operation of quantum chips, scientists revealed on Wednesday.
Shares of Chinese banks largely rallied on Thursday, despite evolving bank woes in the US and Europe, following the distress of Credit Suisse that day before, which sent a shock wave across global markets.
The US has failed to provide any evidence that TikTok poses a threat to US national security, and it should stop spreading misinformation and unreasonably suppressing relevant firms, the Chinese Foreign Ministry urged on Thursday.
China reduced its holdings of US Treasury bonds for the sixth straight month in January 2023, which analysts said is mainly due to the US Federal Reserve's sizable interest rate hikes and China's long-term security driven diversification of its foreign exchange reserves.
Inspired by the government's persistent measures to stimulate real estate sector rebound after the pandemic, more Chinese cities saw increase in the sale prices of residential housing in February, an official said on Thursday.
Chinese airlines are rapidly scaling up the number of overseas flights following the country's lifting travel restrictions after the pandemic. The industry is confident the recovery will continue with more supportive measures in place.
Market regulators in various Chinese cities and related ministries have moved to act against companies which have been exposed to have infringed consumers' rights during an annual consumer rights protection gala held on Wednesday, the World's Consumer Rights Day.
As of Thursday, unit 1 of Ling'ao Nuclear Power Plant of China General Nuclear has achieved 6,000 days of continuous safe operation, setting an international record for reactors of the same type, according to a statement sent to the Global Times.
As the temperature climbs up and spring weather arrives, interest and spending on outdoor activities, blossom tours and seasonal delicacies is rising, unleashing new vitality into the Chinese economy.
Beijing has become one of the latest localities in China to adopt the China-Europe freight trains platform on Thursday, as localities vie to participate the China-proposed Belt and Road Initiative (BRI).
The Alashankou port in Northwest China's Xinjiang Uygur Autonomous Region has officially opened a green channel for the rapid customs clearance of agricultural and sideline products, which serves as a crucial gateway between China and Kazakhstan, the Global Times learned from Alashankou local government.
Prices of raw material used for construction eyed a significant increase in the first two months this year. Experts attribute this surge to the rebound of China's industrial activities, as the country accelerates its economic recovery.
Two intelligent minibuses are used for road demonstration application and testing in a demonstration zone in Changchun, Northeast China's Jilin Province, on March 15, 2023. The vehicles are equipped with self-driving systems developed by the FAW Group, and they can steer themselves around closed parks. Photo: cnsphoto Two intelligent minibuses are used for road demonstration application and testing in a demonstration zone in Changchun, Northeast China's Jilin Province, on March 15, 2023. The vehicles are equipped with self-driving systems developed by the FAW Group, and they can steer themselves around closed parks. Photo: cnsphoto
The Chinese mainland resumed clearing of two types of fish, chilled large-head hairtail and frozen horse mackerel, from the Taiwan region starting on Wednesday, in a bid to promote cross-Straits trade, Ma Xiaoguang, spokesperson of the Taiwan Affairs Office of the State Council, told a press conference on Wednesday.
China's central bank on Wednesday vowed to strengthen risk disposal mechanisms, fend off systemic risks, and enhance its sense of crisis and "fighting spirit." It also called for proper responses to containment and suppression by the US and other Western countries.
India discourages foreign trade settlement in yuan out of political considerations, Reuters reported. As yuan settlement increasingly becomes a rational option for more countries to control risks of external shocks, internationalization of yuan will progress despite geopolitics.
The Export-Import Bank of China (China EximBank), a major policy bank in China, announced on Tuesday that it has achieved the first loan cooperation with Saudi National Bank, the largest bank in Saudi Arabia, in yuan, facilitating financial cooperation under the framework of the China-proposed Belt and Road Initiative (BRI).
China is gradually shrugging off the negative impact of the pandemic, as official data showed that retail sales in the first two months of 2023 expanded, following China's optimization of its COVID-19 response.
China will fully promote rural vitalization and accelerate the pace of agricultural and rural modernization in order to the build the country into a great agricultural power by the middle of this century, President Xi Jinping stressed in an article set to be published on Thursday.
Australian beef may soon overtake US beef in the Chinese market this year, given improved bilateral trade relations, an industry insider told the Global Times on Wednesday, after demand for US meat surged last year.
It took Silicon Valley Bank (SVB) 40 years to become the 16th-biggest lender in the US serving the tech industry. But it only took two days for its meltdown. When many were still pondering whether the biggest US bank failure since 2008 was another Lehman Moment that started the global financial crisis over a decade ago, Signature Bank, the 29th-biggest lender in the US, collapsed. Silvergate, another regional lender, also failed. The spectacular falls of the US banks exposed profound risks of the fragile US bank system.
The tiger, one of the Chinese zodiacs, whose mighty power and spirit are broadly adored in the country, has the implied meanings of power, courage, wisdom and physical health - used for "dispelling evil" in traditional Chinese culture.
The Hangzhou Market Supervision Bureau signed on Tuesday a comprehensive cooperation agreement with Alibaba to enhance the healthy and high-quality development of the e-commerce platform, according to its official Wechat account, as the country accelerates its economic recovery and vigorously promotes the digital economy.
China's central bank vows to enhance the sense of crisis and "fighting spirit," meanwhile calling for efforts to properly respond to the containment and suppression from the US and a few other Western countries at a key meeting following the two sessions.
China's retail sales in the first two months of 2023 maintained a growth of 3.5 percent, data from National Bureau of Statistics (NBS) showed, reflecting an upward trend in the sector following China's optimization of its COVID-19 response.
China's economic performance showed a steady recovery in the first two months of 2023, with production and demand improving significantly, boosting national confidence that a roughly 5 percent GDP growth rate target for the whole year remains achievable, official data showed on Wednesday.