Three state-owned airlines - China Southern, Air China and China Eastern - announced on Friday a deal with France-based Airbus to buy 292 aircraft valued at around $37 billion in total.
The People's Bank of China (PBC), the country's central bank, announced on Friday that China's policy-based and developmental financial instruments will be used to boost infrastructure, innovation and other regional projects in an effort to expand effective investment and spur employment and consumption.
South Korea's trade deficit may continue as commodity prices remain high in the wake of the Russia-Ukraine conflict, harming the South Korean economy which relies heavily on imports of raw materials.
On a sunny summer morning Friday, July 1, marking the 101st anniversary of the founding of the Communist Party of China (CPC), groups of CPC members solemnly reviewed the Party admission oath in front of the former site of the First National Congress of the CPC in Shanghai.
Enterprises from Hong Kong Science Park said they are inspired by the visit of Chinese President Xi Jinping and look forward to closer technology cooperation with cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as Hong Kong is developing into a leading innovation and technology hub.
China Railway said on Friday that it has built a track change station at the Vientiane south station along the China-Laos Railway, a move expected to attract more than 300,000 tons of agricultural products and rubber from Thailand to China each year, and further improve the efficiency of international transport between China and ASEAN members.
Shanghai restarted travel group tours on Friday after a three-month suspension, a sign reflecting the recovery of tourism, and that the nation's travel market is now rebounding.
China's private Caixin/Markit Manufacturing Purchasing Managers' Index (PMI), an index that measures factory activity, rebounded back into the expansion territory of 51.7 in June, up 3.6 percentage points from May, and beating market expectations of 50.1.
Australia will eventually pay dearly for the irresponsible vicious words and deeds of their leaders. Canberra has already pushed itself into a vicious circle in antagonizing China and Albanese has a real opportunity to pull himself out. But will he? Only time will tell.
UK based business leaders are looking forward to welcoming Chinese tourists back to the UK after China announced a shortened quarantine time for international arrivals from 14 days in designated hotels plus seven days at home to seven and three days respectively.
The State Council, China's cabinet, decided on Thursday to expand effective investment to boost employment and consumption. It will raise 300 billion yuan ($44.6 billion) through financial bond issuance to replenish capital for major projects and special debt projects.
The spillover effect of US financial tightening has continued to push Asian currencies down this week, with the South Korean won falling sharply.
President Xi Jinping arrived in the Hong Kong Special Administrative Region (HKSAR) by train on Thursday afternoon to inspect the city and attend a meeting celebrating the 25th anniversary of the city's return to the motherland.
Bonds issued by China's local governments totaled 1.21 trillion yuan ($180.4 billion) in May, accounting for about 40 percent of this type of bonds issued from January to May this year, according to statistics from the Ministry of Finance (MOF) on Thursday.
China's factory and service activities bounced back to expansion range in June after three months of contraction as the recent COVID-19 flare-ups ease and stimulus policies have been implemented to shore up the economy.
China's first root community of desktop operating system, Openkylin, was jointly rolled out by China Electronics Corporation (CEC), National Industrial Information Security Development Research Center and other institutions.
Chinese shares continued their V-shape recovery on Thursday, the last trading day of the first half of 2022, with the Nasdaq-style ChiNext recording the biggest monthly gain in almost two years and the CSI 300 index closing to enter a bull market, as investors' confidence on the entrenched recovery of the world's second-largest economy is further boosted by a batch of policies that are expected to speed up recovery and drive up consumption.
The global inflationary crisis in 2021 and more dramatically in 2022 triggered a Sri Lankan default on payment of $78 million in matured foreign bonds in April 2022. On May 18, the Central Bank of Sri Lanka declared that the country was in a preemptive default status.
As the US constantly pushes for a so-called financial decouple from China, Chinese firms have been shifting to new overseas markets such as Switzerland to expand capital-funding channels.
From crowded visitors on the first day of Shanghai Disneyland's reopening to the high box office receipts of US movie Jurassic World: Dominion, signs show that Chinese consumers, particularly young people, remain passionate about US cultural products, an interesting phenomenon which observers said reveals China's huge buying power.
The quality of vehicles sold in the US fell to a 36-year low in 2022, according to automotive consultant J.D. Power, as labor shortages and supply snags continued to impact automakers.
Volt Bank Ltd, the first exclusively online bank to gain an Australian banking license, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business.
Yu Fan, who works in Shenzhen, South China's Guangdong Province, has never felt that he and his wife were in a “long-distance relationship,” even though his wife, a resident of the Hong Kong Special Administrative Region (HKSAR), worked across the border in the HKSAR.
Hong Kong's integration into the motherland's overall development has proceeded well since 1997, as the Chinese mainland's economic and trade exchanges with Hong Kong have deepened over the past 25 years, according to the Ministry of Commerce (MOFCOM) on Thursday.
Chinese stocks bounced higher on Thursday, with some major indexes set for their biggest monthly gain in nearly two years. Faced with the spillover risks from surging inflation in some Western countries and their monetary policy shift, the role of Chinese assets as a safe haven among global investors have become increasingly clear.
During the past 25 years, Hong Kong's status as a global trade and shipping center has been through both ups and downs, but the city has repeatedly reemerged with the strong support from the Chinese mainland.
On July 1, the bustling Victoria Harbor will be illuminated with glittering lights, decorating every corner of the metropolis. Across the port stands Hong Kong's iconic modern skyscraper international financial center, where market trading operates 24/7. Looking down from the Lion Rock Hill, the Sham Chun River, which borders Shenzhen on the mainland, is flowing, and Hongkongers are in a joyful mood to mark a special day with eager anticipation for a brighter future.
Walgreens Boots Alliance on Tuesday scrapped the plan to sell its UK high street pharmacy chain, Boots, saying no third party was able to make an adequate offer due to the turmoil in global financial markets.
A quarter of a century later, not only has the Hong Kong dollar survived crises after crises, but the city's role as a global financial hub has only been further strengthened. With strong backing from the Chinese mainland through every difficult period, the Chinese SAR's financial sector is keeping up with a race for greater global clout that may pit Hong Kong against New York and London in the future.
Mining companies seeking to accelerate exploration of scarce critical minerals are set to lead capital raisings in Canada this year, the chief executive officer of the Toronto Stock Exchange said, as sectors such as technology take a back seat amid market volatility.
The production of Beijing 2022 Winter Olympic Games mascots Bing Dwen Dwen and Shuey Rhon Rhon merchandise will stop on Friday as the production contract for licensed Beijing 2022 items is set to expire.
The first international standard for high-speed railway construction, "Design of High-Speed Railways - Infrastructure", was drafted by China and recently published by International Union of Railways (UIC), according to National Railway Administration (NRA) of China on Thursday, demonstrating China's responsibility in pushing the internationalization of high-speed rail standards.
State-owned China CAMC Engineering Co signed a $290 million construction contract with Indonesia to build the Southeast Asian country's Jenelata dam, China CAMC announced via its official WeChat account on Wednesday.
China's manufacturing PMI came in at 50.2 in June, back to the expansion range, and up from 49.6 in May, data from the National Bureau of Statistics (NBS) showed Thursday.
China will further extend tariff exemptions for some goods imported from the US until mid-February next year, the Ministry of Finance announced on Wednesday.
A number of netizens rebutted Agence France-Presse (AFP) and defended Hong Kong on social media platform Twitter on Wednesday after a tweet by the news agency said that Hong Kong's GDP growth, in relation with the mainland's, has proportionally decreased over the past years.
Shanghai will gradually reopen museums, art galleries and all types of indoor and outdoor A-level tourist attractions across the city from July 1, while cinemas and performance venues will be gradually opened to the public from July 8, the Shanghai Municipal Administration of Culture and Tourism said on Wednesday.
Chinese President Xi Jinping said that breaking through critical technologies has become a matter of "great urgency," as the country must keep the lifeline of science and technology firmly in its own hands in the course of development, as he paid a visit to a laser company in Wuhan, Central China's Hubei Province, according to the Xinhua News Agency on Wednesday.
Chinese firm Duofu Group's aviation unit has acquired Italian helicopter firm Fama on Tuesday, while revealing a 5 billion yuan-investment plan to build a complete aviation industrial chain covering research and development to production to sales and operation.
Hong Kong remains resilient as a world shipping center buoyed by the strong support of companies and capital from the mainland, even though global trade continues to be shadowed by logistic snags, inflation and the epidemic, Gary Lau, chairman of the Hong Kong Association of Freight Forwarding and Logistics, told the Global Times.
China will give phased price subsidies to domestic oil refining companies in a bid to safeguard stable supplies of processed oil and reduce the operating costs in the real economy, according to a statement published by the Ministry of Finance (MOF) on Wednesday.
The US government's decision to exclude China's chip company Nanchang O-Film Tech (O-Film) from its so-called entity list is a welcome move that serves as a reminder for Washington that any irresponsible sanctions aiming to disrupt Chinese supply chains will invariably backfire, experts said.
Restaurants in Shanghai reopened doors to diners on Wednesday after dining-in service was suspended for about three months due to an Omicron outbreak, bringing most high-end, expensive ingredients for the foodies in Shanghai and adding fresh momentum to consumption recovery.
The Karot hydropower project, the first hydropower tie-up developed by the China Three Gorges Corp under the China-Pakistan Economic Corridor (CPEC), started commercial operation on Wednesday, the company told the Global Times.
A recent industry report showing sharp drop of Chinese investment in Australia has led certain Australian media outlet to declare that Chinese investors were "fast abandoning Australia" and were "flocking to Europe and countries" along the Belt and Road Initiative (BRI).
The allegation of so-called "forced labor" in Xinjiang is a huge lie made up by the anti-China forces in the US and the West.
In 2013, Chinese President Xi Jinping put forward the "Belt and Road Initiative" (BRI), aiming at boosting “five connectivities,” including infrastructure connectivity that paves way for increased trade and investment, resources flow and regional economic integration. Central Asia has been a vital component of the initiative, with the region being an important logistics channel for China-Europe freight train routes. The Global Times (GT) spoke with Bulat Sultanov (Sultanov), former director of Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan and director of the Institute of International and Regional Cooperation of the Kazakh-German University, who shared his views on how the BRI facilitates Central Asia's connectivity and prosperity. He also unmasked the genuine purpose of US-instigated “color revolution” in Kazakhstan and Belarus.
China's Foreign Ministry said on Wednesday that it has lodged stern representations with the US side after the latter blacklisted five Chinese companies for allegedly supporting Russia, while urging Washington to withdraw the unilateral sanctions and vowing to defend Chinese firm's interests.
Online searches for air and train tickets have spiked rapidly as China announced it would no longer mark the cities with COVID infections in its travel tracking system, injecting renewed confidence in a travel surge in the coming weeks.
The Regional Comprehensive Economic Partnership (RCEP) free trade agreement has further boosted China's trade with the partnership's members, following 43,600 RCEP certificates of origin issued between January and May in 2022, which are valued at $2.08 billion, according to the China Council for the Promotion of International Trade (CCPIT).
North China's Shanxi Province, a major coal-producing region, recently announced a move to increase its annual coal production output by 107 million tons to 1.3 billion in 2022 to ensure domestic energy supply.
German auto giant Audi announced to start the construction of its first NEV manufacturing base in China, located in the auto manufacturing center of Changchun, Northeast China's Jilin Province, the company said in a statement sent to the Global Times on Wednesday.
China has not provided military assistance to parties involved in the Russia-Ukraine conflict and will firmly oppose unilateral sanctions on Chinese companies imposed by the US, the Chinese Embassy in the US told the Global Times on Wednesday.
Catering businesses in Shanghai are making preparations for the reopening of dine-in services, which are set to resume on Wednesday as the recent COVID-19 flare-up in the city has been brought under control.
The China Securities Regulatory Commission (CSRC) and Hong Kong's Securities and Futures Commission (SFC) announced on Tuesday the inclusion of Exchange Traded Funds (ETFs) into Stock Connect, the mutual market access program linking the Hong Kong and mainland equity markets, with effect from July 4, 2022.
Chinese officials are sending out confident signals over the country's economic situation after the recent coronavirus crisis, as they stressed on Tuesday that the country has the capacity to cope with any potential unexpected changes and keep the economy operating in a stable, sustainable manner.
Once the US Federal Reserve kicks off a tightening cycle by raising its benchmark interest rates, emerging markets in Asia could suffer sharp capital outflows and currency depreciation. The chain reaction is being viewed as a chronic illness undermining economic stability in the region.
International traders and shipping companies are beefing up contingency plans such as switching to China-Europe freight trains to deal with congestion at some major ports in Europe, which has been intensifying amid low efficiency at ports and other factors.
As the US moved to hike tariffs on hundreds of types of Russian imports as part of its economic sanctions against Russia and continues to pressure its allies to impose more sanctions, concerns are growing among Chinese analysts that the ever-expanding sanctions would exacerbate already-high global inflation and disrupted global supply chains.
“I no longer purchase brands like Nike and Adidas which stated they do not source cotton from Northwest China's Xinjiang Uygur Autonomous Region,” a Beijing resident surnamed Liu told the Global Times on Tuesday.
Tencent Games has announced that it will join the Chasing All Transients Constellation Hunters (CATCH) project, initiated by the Key Laboratory of Particle Astrophysics, Institute of High Energy Physics and Chinese Academy of Sciences.
China's civil aviation market is experiencing an accelerated recovery on the back of rising flights volume, with domestic summertime ticket bookings surging about 300 percent over the past week and market watchers predicting that China is witnessing a turning point as more cities are moving to lift travel bans.
Shanghai Disneyland will resume operations from Thursday, Shanghai Disney Resort said on its WeChat account on Tuesday, following a three-month long closure due to a recent COVID-19 resurgence.
A real estate developer in Nanjing, East China's Jiangsu Province, launched an unusual marketing strategy, allowing home buyers to pay for their homes using watermelon at a rate of 20 yuan per kilogram.
China has full confidence and capacity to cope with unexpected changes caused by the impact of COVID-19 and ensure steady, sound and sustainable economic development, said an official from China's top economic planner, the National Development and Reform Commission (NDRC) at a press conference on Tuesday.
The launching ceremony for the construction of China-Russia auto parts export base was held on Monday in Suifenhe city, Northeast China's Heilongjiang Province, which will help increase export items to Russia and exploring new areas of bilateral cooperation, local media reported on Monday.
China will continue to amend and expand its industrial catalogue for encouraging overseas investment, while pushing key overseas invested projectsin the country, a government official from the National Development and Reform Commission (NDRC) said at a press conference on Tuesday.
Debt-stricken China Evergrande Group said in a filing at Hong Kong stock exchange on Tuesday that it opposes the winding-up lawsuit filed by Top Shine Global, as Evergrande has been actively communicating with its creditors on an offshore debt restructuring plan.
For India, integrating into regional development is not in conflict with upgrading of its own manufacturing capacity. It is beneficial for both its foreign trade and domestic industries if India chooses to integrate into the Asian industrial supply chain and deepen cooperation with economies like China, Japan, South Korea, and ASEAN.
After two months of lockdown, Shanghai tourists swarmed Sanya, in the tropical island of Hainan, with sales of flight ticket growing 1.5 times this weekend compared to last week. Some airlines even changed to bigger airplanes to ferry the booming number of tourists from the financial center to sun-kissed Sanya.
Several days before Hong Kong celebrates the 25th anniversary of its return to the motherland on July 1, some Western media outlets are looking to find new ways to vilify the Hong Kong economy. A Wall Street Journal (WSJ) report, titled "Hong Kong's struggle to lure bankers dims its role as a global finance hub," alleged the city's reputation continues to suffer as COVID-19 control measures "drive away" international bankers and investors.
Chinese traders are taking an active approach by adjusting production capacity and diversifying their markets in response to weakened consumption in the US, where inflation is elevated and cannot be easily tamed shortly.
Shanghai is speeding up logistics resumption, as the turnover of highway, water, aviation and rail has almost returned to normal levels before a severe COVID-19 outbreak hit the city about two months ago, according to an official from the Ministry of Transport on Monday.
Profits at China's industrial firms of above designated size improved significantly in May from April despite a year-on-year drop, official data showed on Monday, adding to growing signs of steady recovery in the world's second-largest economy, as recent COVID-19 outbreaks ease and the supply chaos and disrupted factory activities have been largely addressed.
After a decade of solid efforts to ensure food security, China will further expand food production capacity to stabilize domestic food production and supply, in a bid to cope with the uncertainty brought by the external environment and firmly hold the initiative of national food security, an official from the Ministry of Agriculture and Rural Affairs (MOA) said on Monday.
"Tesla's plans to launch in India right now are as good as dead," Reuters reported in June, citing an anonymous source as the US electric carmaker's Indian policy executive reportedly quitted after its entry plan was put on hold.
Shanghai's foreign trade volume reached 1.503 trillion yuan ($224.7 billion) in the first five months of 2022, a year-on-year decline of 14.7 percent due to a resurgence of coronavirus epidemic in early March which lasted till late May.
Tencent announced the establishment of Intelligent Automobile Cloud Zone in Shanghai, the industry's first proprietary cloud platform for autonomous and smart driving, the company said.
Beijing vows to build the city into a major scientific research center and innovation hub, Cai Qi, the Communist Party Secretary of Beijing, said at the city's 13th Party Congress on Monday.
Profits across China's industrial firms above designated size improved in May from April as domestic epidemic prevention efforts continued to take effect, factories are ramping up the resumption of work and the supply chaos and disrupted factory activities have been largely addressed.
China's state-owned telecom operator China Broadnet launched its official website on Monday, announcing it has officially started 5G mobile phone services.
China's industrial profits fall 6.5% y-o-y in May, following an 8.5% slump in April.
China on Sunday witnessed the start of operations of a recently built super-large natural gas storage cluster in North China's Inner Mongolia Autonomous Region, China Central Television (CCTV) reported.
The US' new initiative comes as China strengthens economic cooperation with Pacific island countries without any political strings attached. If the US does not respect the sovereignty of regional economies and approaches them as pawns in a chess board to counter China in a geopolitical game, its efforts are doomed to be counterproductive. The Cold War mentality can neither help the economic development of Pacific island countries, nor can it promote economic cooperation.
The 6th World Intelligence Congress (WIC) concluded in North China's Tianjin Municipality on Saturday, during which 136 projects were signed with total investment worth 84.9 billion yuan ($12.7 billion), covering areas such as innovative industries, high-end equipment, biomedicine and other emerging sectors.
A number of Chinese-invested projects in South Asia have recently entered the delivery phase, as Bangladesh's largest Padma Bridge opened to traffic on Saturday, showing what Chinese experts described as Chinese firms' steady performance in project delivery when not facing political barriers and security risks.
Summer tourism has bounced back in China as prominent scenic spots reopen, most provinces allow inter-provincial travel, and many areas and attractions offer free tickets. Industry analysts expect this year's summer tourism season to be better than last year, as the improved epidemic prevention and control situation is providing much-needed confidence.
Chinese suppliers for the new-energy sector, ranging from polysilicon at the upstream to solar panels at the downstream, are ready to further divert their markets from the US in response to the Biden administration's import ban targeting all Xinjiang-related goods issued on Tuesday over alleged "forced labor" claims.
With the bursting sound of a whistle, cargo ship Dongchen Qingdao set sail on June 18 from Qingdao in East China's Shandong Province, carrying about 150 standard containers, including textiles, electronic products and precision parts and other goods.
A global food crisis seems to be unfolding across the world as grain prices have kept surging over the first five months this year. Many countries including the developed ones like the US now facing decades-high inflation paired with stagnant economic growth, are likely to feel the pressure of food insecurity, as people find it harder to put decent food on their tables.
Chinese Vice Minister of Commerce Wang Showen said that BRICS Summit on Thursday has pointed a clear direction for BRICS countries to deepen supply chain cooperation, according to a statement issued on the website of the Ministry of Commerce on Friday.
China kicked off the construction of three major water conservancy projects on Saturday, part of a national plan to invest over 800 billion yuan ($119.6 billion) in the sector this calendar year, which has already seen 18 major water projects launched so far.
China's first intelligent factory producing extraction equipment for marine oil and natural gas was put into operation on Sunday, marking a major step toward manufacturing digitalization in the marine energy field, according to China National Offshore Oil Corp (CNOOC), the largest offshore oil and gas producer in China.
Boosted by 'deep' technological innovation and entrepreneurial activities, China's artificial intelligence (AI) industry has consolidated obvious incremental momentum in terms of scale growth and the comprehensive expansion of application fields and accelerated integration with the real economy, according to a report released at the closing ceremony of the sixth World Intelligence Congress (WIC) in North China's Tianjin Municipality on Saturday.
The BRICS summit has yielded fruitful results in terms of economic and trade progress, with a series of agreements reached on the digital economy, sustainable development, industrial chain stability and support for multilateralism, Wang Shouwen, Chinese vice minister of commerce, said in a statement released on the ministry's official website Friday.
As Beijing gradually brought the latest COVID-19 outbreaks under control, the Beijing Universal Studios' Grand Hotel and Universal CityWalk reopened on Friday, with visitors indulging in a shopping spree for souvenirs and expressing excitement about the long-anticipated reopening of the park on Saturday.
China's top legislative body voted on Friday to adopt amendments to the country's Anti-Monopoly Law, and the new law will take effect on August 1, a revision which has closed certain loopholes in existing regulation in terms of abusing market dominant position while drawing a clearer “bottom line”for private firms on illicit acts that threaten fair market competition.
“Intelligent transformation” has become the key word for representatives of industries no matter from medical to car manufacturing at the sixth World Intelligence Congress (WIC) in North China's Tianjin Municipality.
The Central Commission for Discipline Inspection (CCDI), the top discipline organ of the Communist Party of China (CPC) announced on Friday three cases involving senior financial Party officials.
With the debut of Youji shares on Friday, the Beijing Stock Exchange (BSE) is welcoming the 100th listed firm seven month after opening, marking another milestone in China's efforts to build a multi-layer capital market that has enriched fundraising channels for small- and medium-sized enterprises (SMEs) and further released the country's innovation vigor.