Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, said that the communique of the third plenary session of the 20th CPC Central Committee highlighted both reform and opening-up while reaffirming the commitment to the basic national policy of opening-up. “I believe this will offer further reassurance for foreign businesses and investors,” Li said during an exclusive interview with the Global Times.

Japan's Nippon Steel will withdraw from a joint venture with Shanghai-based Baosteel, Nikkei Asia reported on Tuesday. As a result, Nippon Steel's steel production capacity in China will be reduced by 70 percent. This is undoubtedly regrettable.

In a panic-driven but unattainable attempt to cut China out of global industrial chain collaboration, the US has increased its scrutiny of Mexico's trade with China. However, this shouldn't be a reason for Mexican officials to point fingers at China, and Mexico shouldn't follow the US down a dead end.

Western smearing campaign against China-Pakistan energy cooperation under the BRI and CPEC framework cannot stop the two sides from creating unprecedented opportunities for sustainable growth of the local economy.

Brazil's interest in joining the BRI demonstrates that it is not swayed by unfounded criticism from Western countries and is committed to making independent decisions that benefit its own development.

US Secretary of State Antony Blinken unveiled Wednesday a new program to boost production of semiconductors in some Latin American countries. It's not a bad thing if Latin American countries gain manufacturing investment from the US. What's concerning is whether this is just "lip service" from the US.

UBS Group AG said in a research note that new tariffs of 60 percent on all Chinese exports to the US would more than halve China's annual GDP growth rate, Bloomberg reported on Tuesday. Such anxiety is groundless. It is absurd to exaggerate the threat that protectionist US tariffs pose.

Apple Inc's annual sales in India jumped 33 percent to a record of almost $8 billion in the year through March, underscoring a rapidly growing market where the iPhone maker now assembles more of its devices, Bloomberg reported on Monday, citing a person familiar with the matter.

Therefore, if China rolls out measures to stimulate its domestic demand, it should consider issues from the perspective of the real situation of the Chinese economy, instead of the groundless hype about "insufficient domestic demand" and the false "overcapacity" narrative.

As the third plenary session of the 20th Communist Party of China (CPC) Central Committee held in Beijing from Monday to Thursday is expected to primarily examine issues related to further comprehensively deepening reform and advancing high-quality development of the Chinese economy, how China will continue to adhere to a high level of opening-up and better utilize foreign investment for years to come has attracted widespread attention.

With talks to upgrade the India-South Korea free trade agreement (FTA) moving forward, senior officials of both countries will hold the next round of negotiations from Wednesday in Seoul, Indian news agency PTI reported, citing "an official."

China's exports in June rose by an impressive 8.6 percent from a year earlier to reach $307.85 billion, beating the 7.6 percent increase seen in May, the General Administration of Customs (GAC) said on Friday. The improvement in foreign trade is a testament to China's rising comparative advantages in manufacturing across the low-, middle- and high-end segments, as well as the resilience of China's industrial ecosystem, with its strong and globally unrivalled supply chain as its distinctive hallmark.

There is still a long way for Chinese automakers to realize internationalization of their operations in the Southeast Asian market, although the fact is that they have become increasingly competitive. As the competition escalates, some Western media outlets have increasingly focused on geopolitical games and have played up the “China threat” theory, but the narrative cannot help exploit potential for mutually beneficial cooperation.

Japan's increasing efforts to boost chip production to explore the opportunities in the expanding AI and EV markets will inevitably result in competition with rapidly advancing industries in China. However, the vast market potential and the mutually beneficial collaboration in the industrial chain between China and Japan indicate that the two countries can cultivate a positive coopetition relationship, despite the US pushing an anti-globalization agenda.

Washington's ill-intentioned chip war has raised concerns about the further fragmentation of global supply chains, and more economies, including the EU, may become the victims. As global electric vehicle (EV) and chip industry chain cooperation presents opportunities for China-EU cooperation, the EU should maintain strategic autonomy as the US pursues its chip war.

In an effort to stabilize bilateral ties, China has shown good faith and made constructive efforts to help address the US' fentanyl issue, promoting cooperation in this area between the two sides. Scapegoating and pressing China will not fool the US public nor will it help Washington effectively address the life-costing fentanyl crisis.

China's pre-owned secondary homes market showed positive signs of recovery in June, as their sales in some major cities rose to a 14-month high, thanks to the government's ramped-up policy support to reactivate the real estate market. The average home price in the 100 monitored cities edged up 0.05 percent last month from May, snapping a nine-month decline streak - an indication that property prices are stabilizing, according to Reuters.

Germany's economy ministry will look "very closely" into a deal to supply Chinese-made wind turbines for an offshore project in Germany's North Sea, Reuters reported on Wednesday. If the report is true, does it mean EU countries will enhance their review procedures of Chinese-made wind turbines? It's hard to say, but this does deserve attention, given a rise of trade protectionism in the EU toward China's new-energy products.

US seaports have urged the Biden administration to rethink a proposed 25 percent duty on Chinese-made gantry cranes, Bloomberg reported on Monday. This scene is quite ironic: Washington is putting a gun to China's gantry cranes, ready to pull the trigger anytime, but it is surprised to find that US seaports are standing in the way.

There are currently some pessimistic and skeptical views surrounding China's consumption, suggesting that general consumers have concerns about their spending, and efforts to boost domestic demand may not have the desired effect. However, these claims are not accurate.

European manufacturers of hydrogen equipment have urged the EU to step in to help the industry compete with "cheaper Chinese producers," Reuters reported, citing a letter seen by its reporters. We hope the EU can restrain the rise of trade protectionism within itself, as it does nothing but harm free trade and open a dangerous floodgate.

The excessive demands made by US golf cart producers to impose 100% tariffs on Chinese-made golf carts highlight a troubling reality: The US, initiating a harmful trend of tariffs and protectionism worldwide, is now heavily reliant on these lose-lose tactics. It appears that the US has lost sight of where to draw the line when it comes to tariffs.

The key priorities before the policymakers will most likely go to advancing homegrown technology innovation and fostering new quality productive forces, as well as reforming the country's policies governing population, education, medical care, real estate, local government debt, rural vitalization and financial market stability and growth.

Amazon.com plans to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China, Reuters reported on Wednesday, citing an Information report. If the Reuters' report is true, cost-effective Chinese goods such as fashion and home appliances are likely to generate more profits for the US-based e-commerce giant.

Two transformative projects, recently unveiled, are on the horizon. They are ready to revolutionize the transport infrastructure of the China-Europe route, with a specific focus on strengthening the Middle Corridor.

South Korea has replaced the US as the top exporter of commodities to China over the first five months of this year, Sputnik News reported. As a restructuring of the Asian industrial chain seems to have accelerated, expectations are on the rise as to how South Korea can seize the opportunity to revitalize its export economy. This is the time to test #eoul's political wisdom and diplomatic autonomy.

There have been more voices than ever before expressing concerns about global food security. Some Western media outlets have recently published articles claiming that the world's major grain-producing regions, including China, have experienced more frequent extreme weather events due to global warming, posing a threat to crop output.

As the global semiconductor market recovers, recent earning results from Chinese semiconductor companies have shown improving performances in the first half of 2024. To break an intensifying US stranglehold, it is crucial for Chinese semiconductor industry to enhance its capabilities to seize global industrial upturn opportunity.

Citing people familiar with the matter, Bloomberg has reported that Canada is preparing potential new tariffs on Chinese-made electric vehicles (EVs) to align itself with actions taken by the US. We advise Canada to remain strategically rational. There is no need for Ottawa to sacrifice normal economic exchanges with China for the sake of Washington's strategic selfishness.

The travel and tourism sector has been identified as a major driver of China's GDP growth, with policymakers orchestrating fresh pushes to develop tourism infrastructure, upgrade catering facilities including hotels and restaurants, and globally promote China's natural landmarks and cultural heritages that are world-renowned.

In 2019, the Economist magazine published an article with the headline "Can China become a scientific superpower?" Today, that question has been unequivocally answered by that same publication, in an article titled "China has become a scientific superpower."

China's tax authority on Tuesday refuted ill-intentioned rumors about tax inspections that form part of the smear campaigns against China's business environment.

"China's economy is buried under a Great Wall of debt" and the country's answer is "to add more bricks," Reuters claimed on Tuesday, depicting China's ultra-long special treasury bonds, designed to support high-quality development, as "piling risk onto the country's last decent balance sheet."

Compared to traditional Global North countries, the Global South has more international political connotations, such as opposing hegemonism and double standards, actively participating in global governance, and promoting multilateralism and reform of the global governance system.

HarmonyOS, the operating system (O/S) developed by Chinese tech giant Huawei, has become the second most popular mobile O/S in the China market in the first quarter, surpassing Apple's iOS and following only Android, according to Counterpoint Research.

The additional tariffs of between 17.4 percent and 38.1 percent announced by the EU on imported Chinese electric vehicles (EVs) recently, on top of the 10-percent duty already imposed by the bloc, are creating problems for China-Europe relations, as the elevated provisional duties will hinder Chinese EV makers, leading them to raise prices for European customers. The EU's move is uncooperative and discriminatory, signaling discord and friction between the world's two major economic powers.

China has emerged as a global leader in the production of green and new-energy products, marking a significant milestone in its economic transformation. With exports of new-energy vehicles (NEVs), solar cells and lithium-ion battery products surpassing the 1 trillion yuan (138 billion) mark in 2023, the country has positioned itself at the forefront of the green industry revolution. This growth in emerging industries not only reflects China's commitment to sustainability but also presents numerous opportunities for developing countries seeking to accelerate their industrialization and participate in the global energy transition.

At least 50 percent of Japan's exports of semiconductor manufacturing equipment went to China for a third straight quarter in the January-March period, Nikkei Asia reported on Wednesday. The figure offers a glimpse into an increasingly complex high-tech industrial chain between China and Japan.

The Western doomsayers' "deflation" fallacy has persisted throughout China's post-COVID recovery. Yet it has failed to shake confidence in China's steady recovery even during the country's most challenging time. With multiple economic indicators pointing to a recovery, such ill-intentioned claims can only be dismissed with a chuckle.

South Korea's exports to the US have surpassed those to China in the first five months of 2024. While increased exports to the US are beneficial to the South Korean economy, this should not in any way affect the normal growth momentum of mutually beneficial economic and trade cooperation between China and South Korea.

China's Ministry of Industry and Information Technology (MIIT) revealed an initiative in early 2024 to promote fast development of the "future industries" or strategically important emerging industries. Recently, the ministry set up a new administrative body named "Department of Future Industries," which indicates that Chinese policymakers have set their eyes on fostering future-oriented drivers of economic growth.

A safety test scandal at several top Japanese automakers has generated turbulence. In a fully competitive market, the effects of the scandal have quickly expanded. The case has set off an alarm bell for automakers, that any mistake will be costly amid fierce competition.

Chinese automakers can adapt to Brazil's needs, showing their efficiency and flexibility. Washington's narrative claiming that Chinese companies gain advantages through government subsidies is far from the truth.

The US' duty-free tariff treatment for solar power items from Cambodia, Malaysia, Thailand and Vietnam will end as scheduled on Thursday, according to an announcement by the White House in May. The move is seen by some as the latest sign that the US may expand its crackdown on the photovoltaic (PV) industry from China to Southeast Asian countries.

It is regrettable that there are media reports claiming that Australian Treasurer Jim Chalmers has ordered five international companies linked to China to divest their shares in a strategically crucial heavy rare earths project in the Oceanian country.

Most people will be very interested to know the commercial ramifications of future cooperation between China and Arab League countries. The first focus is on how to give vitality to innovation in various sectors like life sciences, AI, green technology and so on that would be beneficial to the next generation and future generations of China and Arab League countries.

The American housing market is experiencing rising rents and elevated mortgage rates, which are constantly driving up home prices, leaving the younger generation feeling disillusioned and in peril as their dream of owning a home fades further away.

While recent weeks seem to have been dominated by the stepped-up rhetoric of trade tensions and news about protectionist tariffs imposed by the US on electric vehicles (EVs) made in China, there's no doubt that China's new-energy manufacturing industries won't stop moving forward.

This week, the 2024 Tsinghua PBCSF Global Finance Forum took place in Hangzhou, capital of East China's Zhejiang Province. It invited globally renowned scholars to discuss how to reform and reconstruct an international monetary and financial system for all.

Global Times reporter Li Xuanmin (GT) interviewed Zhu Min (Zhu), founder of the Global Economic Governance 50 Forum, former deputy governor of China's central bank and former deputy managing director of the IMF, and Marc Uzan (Uzan), executive director of the Reinventing Bretton Woods Committee, on the sidelines of the forum. The two economists shared their insights on the global de-dollarization trend and China's role in the construction of a new global financial system.

Citing data from the China Passenger Car Association, several media outlets recently carried stories saying that Brazil has overtaken Belgium as the largest export market for Chinese new-energy vehicle (NEV) shipments.

China's sweeping moves released in recent days to increase support for real estate have aroused fierce discussion, with some Western economists assuming that policy-easing measures could pose risks to banks operating in lower-tier cities. These worries are unnecessary.

Amid escalating tensions in which US officials view Chinese electric vehicles (EVs) as a threat to the local auto industry, a political virus that loses no chance to intensify zero-sum confrontation is spreading in some European countries, even though such a narrow-minded mentality will hinder the development of renewables.

An opinion essay in the New York Times last week claimed the US is losing the green tech race to China. The article says that today "China controls more than 80 percent of many essential aspects of the global clean-energy supply chain," while the US controls "almost none of it."

Amid escalating tensions caused by new US tariffs on electric vehicles (EVs) from China, as well as the increasingly fierce competition faced by Western automakers, it is not surprising that some foreign media outlets have been cherry-picking information or even manufacturing stories to claim some US and EU auto manufacturers may accelerate the diversification of their supply chains by producing components and parts outside of China. However, "decoupling" and supply chain cutoffs are neither possible nor feasible.

AI has the potential to improve productivity, boost creativity and enhance the human experience, but there is a lingering question: How can we enable a wider range of people in the world to share the dividends of AI development and promote more balanced development of the world?

The US-concocted "overcapacity" offensive against China's new-energy industry is simply politicizing economic and trade matters. The baseless "overcapacity" accusation is nothing but a fallacy fabricated by the US. In reality, there is no overcapacity problem in emerging industries like new energy, as the market demand is on the rise.

As China shifts up a gear in the development of the western region, the upcoming WCIFIT, an important platform for global companies looking to gain a foothold in the country, may be a window through which foreign firms can observe what opportunities China's accelerated development can bring to the world.

China has rapidly caught up with or surpassed leading countries in various fields, including computer chip production, artificial intelligence, autonomous vehicles, nuclear fusion, quantum computing, hydrogen production, spacecraft, and biomanufacturing. All of this provides the world with reasons to be optimistic about the country's future development.

China's recent policy measures will help hedge risks and ease fluctuations in the property market. More importantly, they may serve as a proactive approach to push forward reform in the real estate sector to support long-term high-quality development and further enhance social equity.

China's ongoing campaign to encourage enterprises and households to increase trade-ins of old manufacturing equipment and rundown consumer goods with new, modern and tech-studded ones is gaining pace. This is an effective step to boost domestic consumption and reduce the country's carbon footprint, which is good for China's all-around sustainable development in the long run.

This so-called "overcapacity" rhetoric reflects the increasing anxiety of the US, seeing the rapid development of China's new-energy sector. The narrative is a way to shift blame for their own backwardness in related industries, and also a tactic to curb China's technological progress and industrial development.

Economic and trade cooperation between China and Australia is steadily recovering. Yet, external naysayers continue to try to undermine this progress by spreading negative narratives. Despite their ill-intentioned efforts, the recovery of trade cooperation between China and Australia will not be undermined by their slander.

While US political elites blindly boast that financial and tax incentives have revived US manufacturing, they are so timid that they do not dare to allow fair competition between made-in-China products and US manufactured goods, which is a great irony.

The US accuses China of "overcapacity" while putting in place $370 billion in subsidies to the clean energy industry through its Inflation Reduction Act, which is a typical double-standard approach. If the US goes further in the wrong direction of protectionism and politicizing economic issues, it will only create more disruptions to the development of its economy and industries.

China's plan to issue the first batch of 1 trillion yuan ($140 billion) in ultra-long-term treasury bonds starting on Friday will help shore up investment and spur consumption, but this doesn't mean the Chinese economy is facing numerous difficulties and challenges that require serious measures to stimulate growth.

Stocks in Hong Kong have regained momentum despite concerns over whether the market is somewhat overbought. The benchmark stock index has become a topic of heated discussion, giving people a new perspective on the city's integration into the motherland's overall development.

The Chinese government is now encouraging local cities to take appropriately tailored measures to rejuvenate the real estate sector. It is widely believed that a shorter and smoother transition for the property industry is highly achievable.

Although South Korea's semiconductor exports have surged in recent months, the industry, an engine of economic growth in South Korea, is facing stiff headwinds, which suggests that Seoul should do more to prevent US chip restrictions from further squeezing the development space of South Korea's semiconductor industry.

While many have been focusing on China's April foreign trade performance, less attention has been paid to the details of the improvement of the nation's foreign trade structure, letting some people overlook a trend: the country has been quietly emerging in terms of outward processing trade, which will bring more opportunity for mutually beneficial cooperation with the rest of the world, especially economies in Asia.

The construction of the Hungary-Serbia railway, a flagship project of the China-proposed Belt and Road initiative (BRI), will help inject new impetus into the economies of the two countries. The railway, plus the China-Serbia Free Trade Agreement (FTA) signed in 2023, may provide people with a new perspective on the increasingly fragmented global trade situation.

The rise of the Global South is being boosted as developing countries, African countries in particular, awaken to a sense of autonomy. They are actively putting forward their own proposals and solutions for global governance.

In addition to the groundless hype about "overcapacity" regarding exports of China's new-energy products, some Westerners are turning their attention back to China's currency and its depreciation pressure, trying to combine these two things as an excuse for US protectionism to suppress China's exports.

Recently, the West has been unreasonably hyping up the false narrative of "overcapacity" in China. Even the IMF warned on Tuesday that China's policies that boost supply would worsen overcapacity, reinforce deflationary pressures, and potentially provoke trade frictions.

In response to the recent "overcapacity" hype by some US government officials, Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, told Chinese media on Friday that the debate about manufacturing capacity to a large extent relates to globalization.

The US capital market seems to have run into uncharted territory as investors waiting for the Federal Reserve's first interest rate cut in nearly two years are getting news of "a double whammy" - the US economic growth is slowing significantly, while inflationary pressures are persisting. It once again proves that financial and economic variables rarely move in the same straight line.

While many have been focusing on Washington's suppression of the Chinese technology sector, that's just the tip of the iceberg, and less attention has been paid to the spillover effect on US exports and jobs. A report released by the US-China Business Council (USCBC) on Tuesday exposed the submerged and hidden part of the iceberg.

Economic growth drives job creation, so stable employment is inherently reliant on sustained economic growth. Over the past few decades, China's economy has grown rapidly, particularly the labor-intensive manufacturing sector, which has boosted non-agricultural jobs for tens of millions of rural laborers, leading to an unprecedented expansion in employment.

Real estate is a pillar industry of the Chinese economy. It directly drives the development of adjacent industries such as construction, building materials and furniture, and indirectly stimulates the growth of industries like finance, manufacturing, logistics, and other services. The stable and balanced development of the real estate industry is of great significance for the steady development of the Chinese economy.

Hong Kong stock market rebounds as sentiment improves, with benchmark Hang Seng Index closing at 17,201.27 points on Wednesday, up 2.2 percent. The revival of the Chinese mainland internet sector sends an encouraging signal to Hong Kong's stock market, where many of China's biggest internet companies are traded.

Saudi oil giant Aramco said on Monday it is in talks with Hengli Group to acquire a 10 percent stake in a subsidiary of the Chinese firm that specializes in refining and petrochemicals. The negotiations mark the latest efforts by Aramco to bolster its downstream presence in China.

Although Elon Musk's planned visit to India has been postponed, Tesla's entry into the Indian market is expected to continue. However, amid fierce international competition, a key question is whether India's manufacturing sector can help the EV giant achieve its goals of efficiency improvement and cost reductions.

The Office of the US Trade Representative recently initiated a probe into China's maritime, logistics and shipbuilding sectors, alleging China used "unfair, non-market policies and practices" to dominate those industries. This, coupled with the Biden administration's new threat to impose high tariffs on Chinese-made aluminum and steel, is again escalating trade tensions between the world's two largest economies.

Although some Westerners want to pin the label of “overcapacity” on China's EVs, cooperation on autonomous and connected driving between China and Germany, a major exporter of cars, has been advancing. The joint efforts are likely to have a far-reaching impact on the global EV market.

China's GDP reached 29.63 trillion yuan ($4.09 trillion) in the first quarter, up 5.3 percent year-on-year. The national economy continued its good momentum, building on a strong start to the year.

The race for metals and minerals amid growing demand for green products and green technologies may erode European resistance to local production of critical minerals, but this is not going to be an easy way to revive Europe's domestic mining sector.

Some foreign media outlets and institutions have been criticizing the Chinese economy, accusing it of a "lack of transparency in economic data." This criticism is based on a fallacy with an ideological bias, as they deliberately exaggerate and sensationalize individual cases in an attempt to influence public perception: expert

Prices for gold – traditionally seen as a safe-haven asset – have been on an uptrend in the last few months, rising about 17 percent so far this year. Against such a backdrop, US Treasury securities may lose some of their safe-haven appeal if the yellow metal continues its historic rally.

Last week, some international investment banks including Goldman Sachs and Morgan Stanley raised their forecasts for China's economic growth in 2024 to around 5 percent, as they believe the country's vibrant manufacturing sector led by high-tech innovation will offset the negative impact caused by a prolonged real estate market correction and other temporary difficulties.

If Tesla's long-awaited investment in an EV facility come to fruition, it will undoubtedly be good news for India and help boost EV production. The country has set ambitions targets, aiming to become a global leader in all sectors of the EV market by 2030.

Downward pressure on China's real estate market has mounted, but its spillover effects on the real economy and financial system have been greatly exaggerated by Western media outlets, which reflects the West's lack of understanding of the country and its emotional resistance against China's rise.

Taiwan Semiconductor Manufacturing Co (TSMC) is set to receive up to $6.6 billion in direct funding under the CHIPS and Science Act to support TSMC's investment in three fabrication plants in Phoenix, Arizona. However, TSMC's renewed commitment to the US and its investment in Arizona will be a burden to the government's fiscal expenditure, resulting in a waste of taxpayer funds, unlike claims by US officials and media outlets that it will support US semiconductor production and new high-tech jobs.

The rebound of South Korea's semiconductor manufacturing industry is a hint that the global chip sector may enter a new cycle of prosperity, but the cycle may be shorter than expected. Moreover, the expansion of production capacity will result in fierce market competition.

TSMC's ambition of localizing procurement in Japan bears a strong imprint of the geopolitical drive by the US to divide the Asian and global semiconductor industry chains. If TSMC's Japanese factory keeps moving in this wrong direction of "decoupling," its sustainability will be in question.

The world is facing drastic changes when it comes to climate patterns, and urgently needs Chinese green-energy products to control carbon dioxide and other greenhouse gas emissions. China's high-quality and inexpensive solar panels, wind turbines and electric cars are well acclaimed by the world.

According to International Monetary Fund (IMF) calculations based on PPP, China's economic aggregate has exceeded that of the US, and over the past two years, this lead has only continued to widen instead of narrowing.

Chinese consumer electronics giant Xiaomi held its second round of online orders for its first electric vehicle (EV), the SU7, which quickly sold out just like the first round did after its debut on Thursday.

This year's Government Work Report stated that China will continue to focus on deepening structural reforms and shore up technological innovation to modernize the country's industrial system and develop new quality productive forces to drive sustainable economic growth.

Japan aims to develop a next-generation passenger aircraft by around 2035, with a plan to mobilize a combined 5 trillion yen ($33 billion) in public and private investment over the next 10 years, Kyodo News reported on Wednesday.

China has filed a complaint at the World Trade Organization (WTO) over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA). When reporting on China's actions, some Western media outlets made a special mention of how China is now accused of "providing subsidies to the NEV industry," too. It seems worthwhile to clarify the difference between China's support for its renewable energy sectors and discriminatory US subsidies for NEVs.