Expert Assessment
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.
By Hu Weijia | 2024/3/28 22:04:42
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  • Why is China's support for NEVs different from discriminatory US moves?

    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.

    By Hu Weijia | 2024/3/28 0:01:25
  • Chinese science and technology continue to advance despite increasing global technological nationalism

    Chinese science and technology have made rapid progress and significant achievements over past decades. While supporting the high-quality development of the domestic economy and leading the continuous upgrading of industries, Chinese science and technology endeavors have also made important contributions to world technology advancement. In the future, the prospects for the development of Chinese science and technology are being viewed as even brighter than past decades, and there will be more "Chinese elements" in the progress of world scientific and technological development.

    By Liu Dongmei | 2024/3/26 20:26:25
  • Cook's visit to China should be seen amid bigger picture of opportunities

    Amid hype by US politicians and media outlets about geopolitical tensions, Apple CEO Tim Cook has become a frequent visitor to China. He is actually in a position to attract public attention, as his visit, to some extent, mirrors the complexity of China's interactions with the world economy.

    By Hu Weijia | 2024/3/25 22:33:56
  • Generative AI to make human work much easier, reshaping competitive landscape

    Generative artificial intelligence (AI) is rapidly emerging and shaking up the world like few things before. Global businesses, led by big tech companies, are racing to train their AI models with vast amounts of data and carefully crafted algorithms in their urgent efforts to develop innovative tools that will transform their production or service models to outperform their competitors.

    By Wen Sheng | 2024/3/24 19:30:17
  • Digital economy, green economy new impetus for China's economy: veteran Japanese economist

    The Chinese government work report submitted on March 5 to the national legislature set an "around 5 percent" GDP growth target for 2024, and China's pursuit of new quality productive forces has become a major focus at the two sessions in early March. Global Times reporters Chen Qingqing and Bai Yunyi spoke to veteran economist Tatsuhito Tokuchi, executive board member and research fellow at Center for Industrial Development and Environmental Governance of Tsinghua University and former chairman of CITIC Securities International Co Ltd, to discuss the challenges and opportunities facing China's economy.

    By Chen Qingqing and Bai Yunyi | 2024/3/24 17:53:30
  • Deepening Global South cooperation is significant in breaking traditional Western narratives

    The rapid development of the Global South is having a significant impact on the world economic and political landscape. Propelling indigenous development and accelerating economic modernization remain crucial tasks faced by the developing countries in the Global South, so it is of great importance for the countries to strengthen exchanges and mutual learning of development ideas.

    By Ma Hanzhi | 2024/3/24 16:47:41
  • Cooperation with China conducive to Mexico's manufacturing development

    As the US is attempting to regain some of the manufacturing output it transferred in recent decades to emerging countries, many companies have already chosen to settle their production facilities in Mexico, due to its lower costs.

    By Hu Weijia | 2024/3/21 21:46:36
  • China's consumption upgrade underlines effectiveness in development model

    The Western media has paid close attention to the Chinese economy as it transforms its model of growth. But, while many have been focusing on the supply side, hyping China's meteoric rise in manufacturing and the rising level of exports, less attention has been paid to the demand side.

    By Hu Weijia | 2024/3/20 23:25:59
  • What China's semiconductor price advantage means for US 'chip war'

    The US has sought to restrict exports of semiconductor technologies and chipmaking equipment to crush China but, so far, the effect has been limited. As a result, it seems the US has begun to adjust its strategy, consulting its allies to combat China's chip exports.

    By Hu Weijia | 2024/3/19 23:11:06
  • China brings opportunities rather than 'dumping' goods in Brazil

    It is interesting that not long after Chinese customs data showed China's exports to and imports from Brazil both rose by about one-third in January and February, some Western media outlets began to eagerly attack and smear trade between the two countries, trying to create a false impression that Brazil is a victim of China's dumping of cheap goods.

    By Hu Weijia | 2024/3/18 22:53:34
  • US economic policies toward China are biased, hurt America's essence

    US President Joe Biden, delivering his annual State of the Union address to Congress recently, announced that his administration wants "competition with China, not conflict." He boasted his policies for contributing to the US having the "best economy" in the world, contrasting them with what he described as the only "tough talk" on China from his predecessor. He even declared that "America is rising" under his leadership.

    By Wen Sheng | 2024/3/17 19:06:52
  • SK should go forward, not backward, to expand Chinese market despite US wedge

    It has always been US' desire to persuade allies to tighten curbs on China's access to semiconductor technology, but South Korean policymakers must be clear-minded that every step taken by Seoul to back down will result in catastrophic economic losses for South Korean semiconductor makers.

    By Hu Weijia | 2024/3/14 23:09:41
  • China always acts as the strong proponent for free trade

    As the global economy faces many uncertainties, China's stable foreign trade provides important support for the stability of the world economy. More importantly, in contrast to certain countries' anti-globalization behavior, China steadfastly promotes free trade and high-level opening-up

    By Ni Hongfu, Wang Xiaoxing and Hao Dapeng | 2024/3/14 17:57:58
  • Efficient financial market to propel new quality productive forces

    High-quality development is the first and foremost task of building China into a modern socialist country in all respects, while developing new quality productive forces is an intrinsic requirement and a significant focus of promoting high-quality development in China.

    By Dong Yun | 2024/3/14 17:53:42
  • China's exports are opportunities, not threats to manufacturing jobs

    A recent theory claiming that a surge in China's exports has put "jobs around the world in jeopardy" reached its culmination after official data revealed that China's exports, measured in yuan terms, rose 10.3 percent year-on-year in January and February. Regardless of whether or not China's exports increase, Western media outlets can always find ways to smear China's economy. It seems they have largely lost the ability to objectively assess China's economic performance.

    By Hu Weijia | 2024/3/13 21:31:47
  • Why Article 23 legislation will help Hong Kong better attract investment, boost growth

    To accomplish Basic Law Article 23 legislation as soon as possible is the top priority of the Hong Kong Special Administrative Region (HKSAR). Experiences from Western countries and neighboring regions showed that the implementation of legislation to maintain national security can help attract more investment and boost business activity and economic growth.

    By Liang Haiming | 2024/3/13 18:18:12
  • Protectionism not the solution for India to localize production of smartphones

    Some Indians may truly believe that trade protectionism can help accelerate the localization of smartphone manufacturing in the country, but those people are going to be deeply disappointed by the result.

    By Hu Weijia | 2024/3/12 22:25:22
  • Saudi Aramco's interest in China's supply chain shows nation's appeal

    Saudi Aramco Chief Executive Amin Nasser was quoted as saying on Sunday that the oil giant was looking at further opportunities to invest in China, underscoring the attractiveness of the Chinese market.

    By Hu Weijia | 2024/3/11 23:34:53
  • China's goal of doubling GDP in 2035 from 2020 isn't out of reach

    China's central government has unveiled this year's GDP growth target, at about 5 percent, on par with last year's rate. The target has made market investors rejoice, giving them higher confidence in an across-the-board revival of China-related equities and other assets in the coming months. As expected, the country's A-share market has held on to strong gains in the past two weeks of robust trading.

    By Wen Sheng | 2024/3/10 21:38:46
  • Institutions' return to A shares proves Chinese assets still attractive

    China's A-share market is again making headlines as media outlets, citing Morgan Stanley analysts, said that "global funds are returning to China stocks." It seems that what has collapsed is the "China collapse" theory, not China's stock market.

    By Hu Weijia | 2024/3/7 22:43:22
  • Customs registration of China's EVs will harm EU economy, supply chains

    If EU policymakers plan to register Chinese electric vehicle (EV) imports as reported, they should think twice before taking action. Customs registration will inevitably deal a heavy blow to market confidence, and bring losses that are hard to calculate for the bloc's green transformation efforts.

    By Hu Weijia | 2024/3/6 22:30:54
  • US can't disrupt growing economic, trade ties between China and PICs

    Rhetoric from US officials like Blinken attempting to discredit China's investments in the PICs cannot fool anyone. The attempts by the US to interfere with the PICs' legitimate rights to freely choose to expand economic and trade cooperation with China are futile.

    By Wang Yi | 2024/3/5 22:08:35
  • China's economy creates development opportunities, not 'dumping shock,' to world

    A root cause of why the US-launched smear campaign against the Chinese economy has become hysterical lies in the fact that only by vilifying China can the US-led West find an excuse for its unjust actions and attacks against the Chinese economy.

    By Hu Weijia | 2024/3/4 22:24:11
  • US government's blocking entry of Chinese EVs smacks of political gamesmanship

    The US government's new policy toward China is driven by trade protectionism, offering the world further evidence of economic bullying and coercion.

    By Wen Sheng | 2024/3/3 22:13:27
  • China's economic outlook rosy despite 'peak' slander

    Foreign watchers' pessimistic views on China's economy stem from ignorance of the logic of China's economic policy formation. As the weighting of China's policy-making has shifted more toward development, the outlook for GDP growth in 2024 is promising.

    By Yao Yang | 2024/2/29 21:50:20
  • European leaders' strategic sobriety on supply chain rules key to economy

    The good news is that EU members blocked on Wednesday new rules requiring large companies to check if their supply chains use so-called forced labor or cause environmental damage, but it is not yet time to celebrate, as there are still many tough battles ahead.

    By Hu Weijia | 2024/2/29 23:41:34
  • Without China's market, US-SK 'industry alliance' to lose luster

    US Secretary of Commerce Gina Raimondo and Ahn Duk-geun, the South Korean minister for trade, industry and energy, held a telephone conversation on Tuesday. In their conversation, Ahn expressed willingness to enhance industrial cooperation with the US and called for more support over the Inflation Reduction Act (IRA), CHIPS Act subsidies and other trade issues.

    By Hu Weijia | 2024/2/28 22:54:23
  • Speech about 'space race' can't help US establish chip hegemony

    #US once promoted the #spacerace, hoping to achieve its goal of establishing hegemony in this field. Now, the #US repeats its old tricks, trying to establish #chip hegemony, but its efforts are doomed to fail.

    By Hu Weijia | 2024/2/27 22:13:15
  • Loss outweighs gains for TSMC for Japan investment

    TSMC officially opened Japan's most advanced wafer fab in Kumamoto on Saturday, Taiwan media outlets reported. However, the plant, which has long been anticipated by politicians on the island of Taiwan and Japan, may find it hard to bring expected economic benefits to its parent company.

    By Hu Weijia | 2024/2/27 20:04:54
  • 'C919 competition' hype does not benefit global aviation industry

    A recent report by KOTRA, a trade facilitation body funded by the South Korean government, offers a new perspective on China's aviation industry and the C919, which is considered a symbol of China's desire to become an aviation nation. It's a much-needed wake-up call for those who hype the competition between the C919 and aircraft developed by Boeing and Airbus.

    By Hu Weijia | 2024/2/26 22:32:54
  • China's real estate, equities trading to get a major boost from policy easing

    A reviving real estate sector, coupled with a rallying stock market, will strongly accelerate overall social confidence and the ordinary households' sense of wealth gain in China, which will help lift up GDP growth in 2024.

    By Wen Sheng | 2024/2/25 20:05:03
  • Big Western firms, not consumers, are beneficiaries of trade protectionism

    Europe was once the world's leader in terms of the development of wind energy, but right now, some industry leaders have to resort to trade protectionism to stave off competition from China. This is the tragedy of Europe's wind power industry.

    By Hu Weijia | 2024/2/22 22:54:04
  • Discussions of WTO rules on subsidies should avoid double standards

    China needs to play a constructive role in talks at the World Trade Organization (WTO) to reform global trade rules on industry subsidies, or risk rivals setting their own policies at China's expense, European Trade Commissioner Valdis Dombrovskis said on Monday, Reuters reported.

    By Wang Yi | 2024/2/21 23:30:42
  • 'Matchmaking' for Chinese, Indian firms by New Delhi risks disrupting market

    Chinese companies in India have reportedly agreed, under pressure from the Indian government, to outsource their manufacturing processes to Indian companies, a move that local media outlets hailed as a "big victory" for local players. However, it is likened to an "arranged marriage," and it may disrupt normal cooperation in business and trade if normal business decisions are subject to the government intervention.

    By Yin Yeping | 2024/2/20 22:56:39
  • Reported fall in Apple sales signals tougher competition in high-end device segment

    It is not much of a surprise that Apple appears to be facing an uphill battle to reverse falling iPhone sales in China. Analysis of the manufacturing industry and supply chain may help people see Apple's performance in China from a new perspective.

    By Hu Weijia | 2024/2/19 19:57:31
  • A dynamic stock market needs strict oversight as a launching pad

    China has recently moved to prop up its stock market, in an intensified bid to strengthen investor confidence and shore up domestic buying power that underpins China's overall economic rebound. A set of well-coordinated macro policy tools are necessary to backstop the market. It is of great importance for the policymakers to rectify market malpractices and overturn the negative market narrative.

    By Wen Sheng | 2024/2/19 18:35:49
  • EU should pay more attention to German investors' enthusiasm for China

    While some political elites play up "de-risking" from China, German companies have obviously voted with their feet. Their direct investment in China reached a record of nearly 12 billion euros ($13 billion) in 2023, Bloomberg reported.

    By Hu Weijia | 2024/2/18 21:30:08
  • Fake 'China threat' narrative poses real threat to global shipbuilding industry

    It is not surprising that some Western observers and media outlets are once again resorting to promoting the "China threat" theory in order to exert pressure on Chinese manufacturing industries. This time, their target is China's shipbuilding sector. Vigilantly, these false accusations have the potential to disrupt the global supply chain and further harm the world's already fragile economy.

    By Hu Weijia | 2024/2/17 22:00:27
  • US politicians' threat to exclude China from global financial system 'daydreaming'

    Does the US enjoy absolute power that enables the country to exclude China from the global financial system? It certainly does not. American politicians who try to use the financial influence of the US as leverage to intervene in China's domestic affairs should wake up from their daydreaming.

    By Hu Weijia | 2024/2/7 23:31:32
  • China's price level offers room for counter-cyclical adjustments; Western slandering untenable

    The relatively lower price level of #Chinese economy does not represent the risks Western media hyped. Instead, it gives ample room for #China's counter-cyclical adjustments to bolster economy.

    By Wang Yi | 2024/2/7 19:50:09
  • Will staff exodus in Washington further disrupt global supply chain?

    The Financial Times Chinese edition published an op-ed piece recently saying that stalled trade agendas are pushing some senior American trade officials out the door, but the flurry of resignations won't get US trade policy out of its predicament. We worry that Washington's inaction to promote trade facilitation may cast shadows over global trade.

    By Hu Weijia | 2024/2/6 23:41:06
  • Looking east will help revitalize Sri Lanka's economy in new environment

    Sri Lanka was hit in 2022 by one of its worst economic crises in history. But now, to stabilize its economy, the island country has been renewing a focus on free trade to foster economic growth. The question remaining is how the country can find a suitable and stable path of economic development amid the complex geopolitical environment.

    By Hu Weijia | 2024/2/5 22:41:16
  • Efforts to ease purchase curbs offer opportunities for housing sector

    Major Chinese cities, including Guangzhou, Suzhou, Zhengzhou and Shanghai, have moved to relax curbs on property buying. This will enable permanent and temporary residents in those cities to purchase homes on much easier terms. For example, Guangzhou has recently ruled that apartments with a floor space of more than 120 square meters can now be freely purchased, without any restrictions on the number of apartments to be bought. Suzhou has removed all previous restrictions.

    By Wen Sheng | 2024/2/5 0:22:28
  • Import tariff cuts good news for India's factory sector, but not enough

    India cut the import duty on a number of mobile phone components to 10 percent from 15 percent, which has brought much-needed good news to the country's mobile phone manufacturing sector. Yet it is not enough.

    By Hu Weijia | 2024/2/1 22:35:39
  • China has capacity to achieve annual growth of 5% or higher in 2024: Yao Yang

    Before the outbreak of COVID-19, the Chinese economy had experienced a relatively stable growth rate for many years. However, the virus had a significant impact on the economy. In 2020, thanks to effective measures in combating the virus, the Chinese economy quickly rebounded from a contraction.

    By Yao Yang | 2024/2/1 19:41:55
  • Xinjiang to become export vanguard, manufacturing hub in China

    Despite Western smears, Xinjiang has entered the fast lane of development. It is possible that Xinjiang will become another manufacturing center in China, constituting an important part of the story of China's manufacturing transformation and upgrading.

    By Hu Weijia | 2024/1/31 21:31:35
  • China-Australia efforts needed to stabilize lithium sector amid US 'decoupling'

    As a further sign of instability in Australia's lithium market, the country's biggest lithium mine has become the latest to feel the pain of global overcapacity. Amid economic uncertainty, multi-dimensional cooperation between China and Australia is necessary to help stabilize the market.

    By Hu Weijia | 2024/1/30 21:39:27
  • Japan's economy faces big losses from reported export controls on China

    If Japan were to take similar actions as the US in tightening export controls, which would affect trade with China, it would seriously harm the interests of Japanese businesses and backfire on the Japanese economy.

    By Hu Weijia | 2024/1/29 22:11:18
  • A modern financial system set to fortify China's global competitiveness

    Financial strength enables growth. In 2024, China has the financial capacity to accelerate economic growth as Chinese banks are holding a massive pool of savings equal to 288 trillion yuan ($40 trillion) across all types of entities and Chinese households.

    By Wen Sheng | 2024/1/28 19:51:36
  • China irreplaceable in production of Apple's long-awaited Vision Pro

    Apple's long-awaited mixed-reality headset, the Vision Pro, is a hot topic in the tech world ahead of its coming debut at the US Apple Store on February 2. Extensive media attention has been drawn to the complex supply chain behind the Vision Pro hardware, with many saying that China's supply chain plays a significant role in its manufacturing. Some industry insiders claim that Chinese mainland companies account for about 60 percent of the supply chain.

    By Hu Weijia | 2024/1/25 22:37:10
  • More industrial investment doesn't mean China exports 'excess capacity'

    China's increasing industrial investment does not equate to "a crisis of overcapacity." Whether China exports advanced production capacity or excess capacity should be determined by the global market, instead of Western politicians and media outlets.

    By Hu Weijia | 2024/1/24 23:38:01
  • Japan should take more responsibility to stabilize economic ties with China

    The reported visit to China by a delegation of senior Japanese business leaders, led by Shindo Kosei, head of the Japan-China Economic Association, comes in time to strengthen communication and coordination in order to stabilize bilateral economic relations. According to Japanese media outlets, this is Japanese business leaders' first visit to China in approximately four years.

    By Hu Weijia | 2024/1/23 21:31:36
  • Decoupling from China's battery sector poses risk for US economy

    US lawmakers have reportedly banned the Defense Department from purchasing batteries produced by China's largest manufacturers. Although this restriction has not yet been applied to commercial purchases, an economic decoupling of the Pentagon's supply chain from China has become a matter of concern. There are worries that this anti-market suppression against Chinese battery manufacturers may escalate, resulting in negative consequences for both sides.

    By Hu Weijia | 2024/1/22 20:56:37
  • American pundits predicting China's economic collapse doomed to fail

    American pundits, driven by ideology, have been predicting an imminent collapse of Chinese economy since early this century, but so far, they haven't succeeded as they have underestimated Chinese system's resilience.

    By Wen Sheng | 2024/1/21 23:02:52
  • Will China's 2024 macroeconomic policies be effective, strong enough?

    Does China need “big stimulus” to support economic rebound? In China, many believe policy easing will continue but “big stimulus” unlikely in 2024.

    By Hu Weijia | 2024/1/18 22:23:06
  • Unlimited potential remains to be tapped for trade with Global South

    A widely disseminated online chart comparing China's exports to the Global South and the Global North has offered a new perspective for people to see the ongoing realignment of global trade. For a long time to come, the realignment may continue.

    By Hu Weijia | 2024/1/17 23:09:35
  • Global trade realignment an opportunity for closer China-ASEAN cooperation

    There has been a lot of discussion about the rise or fall of China-US trade, but less attention has been paid to another important participant in global industry chains - Southeast Asia. A Bloomberg article said Monday that for the first time, China exported more to Southeast Asia in 2023 than to the US. If Bloomberg's report is true, the news can be seen as a new milestone for the realignment of global trade.

    By Hu Weijia | 2024/1/16 23:30:06
  • Foreign chip firms need to make tech upgrades in China plants to win market

    Although calls for a chip manufacturing technology upgrading at SK Hynix's China plant have been heard for years, the process is constantly being interrupted by US restrictions on tech exports to China. SK Hynix has delayed that upgrading for too long. Now, changes should be made.

    By Hu Weijia | 2024/1/15 23:43:53
  • China's 45% NEV penetration by 2027 doesn't sound difficult to realize

    China has announced a fresh target for its fast-growing new-energy vehicle (NEV) industry, with a document from the State Council, China's cabinet, stating that yearly NEV sales will account for 45 percent of the total by 2027. Older internal combustion engine (ICE) buses, cars and trucks will be largely phased out.

    By Wen Sheng | 2024/1/15 0:46:26
  • Expanding intermediate goods trade key for China to enhance trade

    The Central Economic Work Conference at the end of 2023 proposed "accelerating the cultivation of new momentum in foreign trade." Notably, this is the first time the meeting has referenced the expansion of intermediate goods trade, emphasizing it as a priority item.

    By Wei Jianguo | 2024/1/13 19:14:56
  • China could aim for 5% GDP growth in 2024: Yu Yongding

    The GDP growth target set by China at the beginning of 2023 was around 5 percent. With the GDP growth standing at 3 percent in 2022, the 5 percent target is a goal that allows for sufficient flexibility. Based on the currently available economic data, it is already certain that China's GDP growth rate will exceed 5 percent in 2023.

    By Yu Yongding | 2024/1/13 13:37:49
  • Does IC import fall signal increase in China's chip self-sufficiency?

    China's foreign trade in 2023, especially the imports of some key tradable commodities such as integrated circuits (IC), has drawn increasing attention. From January to November last year, China's IC imports fell 12.1 percent in terms of quantity, and that may show that China's dependence on IC imports has declined.

    By Hu Weijia | 2024/1/11 23:47:12
  • Synergy in EV sector has potential among China, other developing countries

    China has reportedly overtaken Japan as the world's largest auto exporter, but there are still thorny challenges ahead. A key question is how to hedge against increasing import barriers, tangible or intangible, from the West. Amid fierce competition, can China maintain its position as the world's leading auto exporter for a long time?

    By Hu Weijia | 2024/1/10 21:59:19
  • China's expanding market key for Apple, foreign brands despite Western narratives

    In the first week of 2024, Apple got off to a rocky start in China, one of the company's largest markets. Analysts see a rough year ahead for the iPhone maker in the Chinese market, but that doesn't mean China's attractiveness as a place to do business and or invest in is declining.

    By Hu Weijia | 2024/1/9 22:39:30
  • China's manufacturing sector consistently climbs up global value chains

    Despite the US-led "decoupling" efforts to weaken Chinese manufacturing capability, China's prominence in global supply chain and its endowed position as a leading global manufacturing hub in the world has not receded, if not substantially shored up thanks to the government's strenuous bid to shore up technology self-reliance.

    By Wen Sheng | 2024/1/9 18:18:22
  • 'Boiling frog' phenomenon of surging US debt calls for serious attention

    JPMorgan reportedly raised the alarm over the soaring US national debt, likening it to a "boiling frog" phenomenon for the economy. The warning deserves the serious attention of top US officials, but, unfortunately, they will likely remain as indifferent as ever.

    By Hu Weijia | 2024/1/8 21:42:16
  • US politicians blaming social ills on globalization shows flawed logic

    For a prolonged period of time, #US politicians have been attributing a range of the country's social problems, such as deindustrialization, job loss, class inequality and even obesity and drug addiction, to free trade and globalization, which is absurd.

    By Wen Sheng | 2024/1/7 21:27:39
  • Geopolitical thinking will cause West to miss out on opportunities amid EV boom

    China's BYD made the headlines in recent days as it outsold electric vehicle (EV) maker Tesla in the fourth quarter of 2023. Holding a sour-grapes mentality, some Western media outlets again hyped zero-sum competition, which is based on the bizarre logic of anti-economics claims. Such misleading hype could make businesses in the West miss the dividends of a restructuring of the global industry chain, or, more precisely, a Chinese investment boom.

    By Hu Weijia | 2024/1/4 22:12:41
  • Measures to boost China's processing trade help create new advantages

    The processing trade is one of the sectors most affected by rising labor costs in China. In the eyes of some Westerners, China's labor-intensive processing trade has lost its competitiveness, but the real story of the labor-intensive industry chain is much more complex than the industrial transfer trend as depicted by these pessimists.

    By Hu Weijia | 2024/1/3 22:14:33
  • What lies behind S.Korea's rare trade deficit with China deserves attention

    South Korea's rare trade deficit with China reminds Seoul of necessity, urgency to tap potential for economic complementarity, especially in the field of high-tech intermediate goods.

    By Hu Weijia | 2024/1/2 22:48:26
  • Red Sea shipping crisis to accelerate shift to rail freight in Eurasia

    A shift in the types of goods transported in recent years, with a greater emphasis on high-value goods such as phones, computers and semiconductors, has led to an increase in demand for faster modes of transport compared to ocean freight, as it does not freeze significant capital and reduces insurance premiums.

    By Djoomart Otorbaev | 2024/1/2 22:35:26
  • Infrastructure, tech innovation to help boost consumption in new year

    As the new year of 2024 has begun, Chinese people are hopeful of a more substantive rise in family incomes than in 2023. But uncertainties will continue to engulf the world, including hot conflicts, cold economic wars, blockades of important waterways like the Red Sea, and possibly, another comical or farcical presidential election in the US.

    By Wen Sheng | 2024/1/1 22:24:48
  • 'Competition' hype over C919 won't affect China's manufacturing upgrade

    The C919, China's first domestically produced passenger aircraft, which made its first commercial flight in May, is again drawing attention as the year comes to a close. Air China has reportedly become the second customer for the C919, after China Eastern Airlines, and the new order was made at a higher price.

    By Wang Yi | 2023/12/26 23:54:30
  • Businesses' anxiety over China-India ties merits more attention

    While some Indians have been focusing on nationalism, protectionism and using border disputes as an excuse to suppress Chinese enterprises, less attention has been paid to the stories of Indian businesspeople who have been dragged into the vortex of geopolitics.

    By Hu Weijia | 2023/12/25 22:25:19
  • US Treasury bonds have increasingly become a perilous, risky investment

    China has been paring its holdings of US government bonds for months, as the country's total stockpile of US Treasury debt narrowed to less than $770 billion in October.

    By Wen Sheng | 2023/12/24 21:28:25
  • Importance of diversified Eurasian trade routes puts spotlight on BRI

    More economists have stressed the urgency of diversified Eurasian trade routes, which should be noted by European policymakers, some of whom still view the BRI through geopolitical lens, although the initiative has improved trade connectivity.

    By Hu Weijia | 2023/12/21 22:32:04
  • Significant purchase of Chinese bonds in November debunks 'foreign capital flight' hype

    Foreign investors in November unexpectedly buy a large amount of domestic bonds in #China, debunking the hype of "foreign capital flight," serving as a strong testament for China's economic resilience in the face of global economic challenges.

    By Wang Yi | 2023/12/21 16:44:21
  • Cotton trading center key step to establish textile clusters in Xinjiang

    While Western media outlets claim China has been hit by sanctions from the US-led West over so-called "forced labor," the country is actually working in the opposite direction to break the blockade. China is promoting the development of Xinjiang's cotton industry, and further opening up to consolidate and enhance its position in global supply chains. A new national-level cotton and yarn trading center in Northwest China's Xinjiang Uygur Autonomous Region is expected to be a crucial step in this effort.

    By Hu Weijia | 2023/12/20 21:35:31
  • Tourism bounces back rapidly, contributing to 11% of China's GDP

    China's tourism sector has largely bounced back as major benchmarks have returned to their pre-pandemic levels in 2023. The China Tourism Academy, a research institute under the Ministry of Culture and Tourism, has forecasted the overall tourism revenues will reach 5.2 trillion yuan ($735 billion) this year, or hitting 91 percent of the figure for 2019.

    By Wen Sheng | 2023/12/20 20:12:51
  • East Buy controversy reflects rapid evolution of China's consumer ecology

    East Buy, a subsidiary of Chinese private tutoring giant New Oriental, has been a focus of public opinion in recent days. Internal conflicts within a company have rarely attracted such strong social attention, but this time it is an exception, reflecting the rapid evolution of China's consumer ecology and the complex impacts it has had on the economy and society.

    By Hu Weijia | 2023/12/19 22:54:42
  • 'China security threat' rabble-rousing will slow Britain's energy transition

    Britain's National Grid has started removing components supplied by a unit of China-based Nari Technology from its electricity transmission network over "cybersecurity fears," the Financial Times said on Sunday. If the report is true, it is likely that Britain's energy transition will face significant obstacles due to the prevailing inertia of geopolitical thinking.

    By Hu Weijia | 2023/12/18 22:04:25
  • Devoting itself to tech innovation to help China prevail in economic competition

    China's annual Central Economic Work Conference, held in Beijing last week, has garnered extensive attention from the world for its importance in setting the roadmap and targets for the country's economic development next year. At the meeting, Chinese policymakers are seen setting their eyes squarely on revolutionary new technologies that will lead China's next-phase efforts toward realizing Chinese-style modernization.

    By Wen Sheng | 2023/12/17 20:57:56
  • Exclusive: With concerted reforms, higher and more resilient economic growth is within reach for China: IMF official

    The annual Central Economic Work Conference was held in Beijing from December 11 to 12, as Chinese leaders decided priorities for the economic work in 2024. It was noted at the meeting that China's economy has achieved recovery, with solid progress made in high-quality development in 2023.

    By Global Times | 2023/12/16 0:55:25
  • 'Deflationary exports' hype against China driven by protectionism

    In an article entitled "China exports deflation as home demand for steel and autos low," Japanese media outlet Nikkei Asia said on Tuesday that prices of approximately 70 percent of China's major exports, such as steel and cars, have decreased over the past year.

    By Global Times | 2023/12/14 21:47:58
  • TikTok e-commerce's return to Indonesia will benefit local small firms

    Despite previous setbacks, TikTok has revived its e-commerce business in Indonesia. This, to some extent, reflects TikTok's ability to deal with risks arising from local policy changes, and, more importantly, it shows that an open market is always a "positive asset" for economic development. Some policymakers, in particular those in the West, are incorrect in viewing Chinese high-tech companies from the perspective of geopolitics and zero-sum competition.

    By Hu Weijia | 2023/12/13 23:12:19
  • Will SK-Netherlands 'chip alliance' be cannon fodder in US chip war?

    It's widely believed that South Korea and the Netherlands, two of the leading players in global chip supply chains, will enhance their cooperation in semiconductors and even establish a "chip alliance" during South Korean President Yoon Suk-yeol's ongoing state visit to the Netherlands.

    By Hu Weijia | 2023/12/12 23:04:46
  • Moody's downgrade of outlook on China's debt rating is propaganda not business analysis

    Moody's rating agency's downgrading of outlook on #China's government credit rating, from “stable” to “negative,” is an example of propaganda pretending to be a business judgement. Experience shows that such activity can be extremely expensive for those acting on it.

    By John Ross | 2023/12/12 22:08:07
  • Fed's high interest rates may tame inflation, but hurt young Americans

    Global investors are becoming optimistic that the US Federal Reserve has leaned toward maintaining the current interest rates intact for a third time at the FOMC's upcoming meeting on December 12-13. And, the US central bank is likely to keep the interest rates at current levels in the coming six months before eventually reducing the benchmark rates sometime around June next year.

    By Wen Sheng | 2023/12/12 18:21:51
  • Internationalization of Chinese bonds poised to progress steadily

    Despite external uncertainty and Moody's downgrade warning, China may get a window of opportunity to further internationalize its sovereign bonds. In a notice posted on its website, China's Ministry of Finance said it will issue yuan-denominated treasury bonds worth a total of 10 billion yuan ($1.39 billion) on Tuesday in the Hong Kong Special Administrative Region (HKSAR).

    By Hu Weijia | 2023/12/11 22:26:02
  • Moody's lowering credit outlook on China is misleading, unwarranted

    Moody's should pay more attention to new economic driving forces and tech-led transformation taking place in China, and exercise caution before assigning the “negative outlook” to such a dynamic economy, and Moody's should never underestimate Chinese government's ability of policy maneuvering.

    By Wen Sheng | 2023/12/10 21:35:13
  • Western supply chain shift to India highlights urgency for China to consolidate industrial chain competitiveness

    As Apple appears to accelerate its supply chain shift from China to India, there is a rising urgency for China to protect its critical supply chain capacity.

    By Wang Jiamei | 2023/12/10 20:19:53
  • India must avoid competition trap with China in global supply chain restructuring

    It is costly to shift supply chains, and Western companies will soon realize this if they attempt to diversify their supply chains away from China to countries like India.

    By Hu Weijia | 2023/12/7 21:04:37
  • Opposing 'decoupling' can help ensure stability of lithium industry chain

    With the price of lithium carbonate crashing amid an oversupplied market, one question worth considering is: how to avoid being caught in a geopolitical trap and ensure the stability of the global lithium industry and supply chains.

    By Hu Weijia | 2023/12/6 23:28:57
  • How can China, South Korea avoid the trap of low-end semiconductor competition?

    New economic data released by South Korea deserves attention. The best way to avoid the trap of low-end semiconductor competition is to open a new path to form a more sustainable high-end semiconductor supply chain between China and South Korea.

    By Hu Weijia | 2023/12/5 22:55:15
  • China, led by intensive tech innovation, replaces Japan to become top auto exporter

    The world's automobile industry is witnessing a fast transformation, from principally manufacturing and assembling in the past to become a technology-intensive industry, led by electrification, internet connectivity, autonomous driving and intelligence, like in-vehicle infotainment system.

    By Wen Sheng | 2023/12/5 15:44:29
  • Chinese EV manufacturers lead the way as countries vie for their presence

    It was reported in late November that British Investment Minister Dominic Johnson wanted to attract Chinese automakers to move their manufacturing facilities to the UK. This is an interesting development, especially considering Europe's announcement of an anti-subsidy probe into Chinese electric vehicle (EV) manufacturers.

    By Global Times | 2023/12/4 20:59:00
  • China, Australia should rejoin hands for regional stability and prosperity

    Albanese' November visit to China should be remembered as setting a new milestone, as the two countries look forward to ushering in the next 50 years of more constructive and friendly cooperation.

    By Wen Sheng | 2023/12/3 22:35:45
  • China-EU green cooperation carries great potential in 2024 despite EV dispute: experts

    As the COP28 conference opened on Thursday with a resounding call to accelerate global climate action, the green economy has become a hot topic. In China's pursuit of high-quality and low-carbon development, green renewable energy and electric vehicles (EVs) have rapidly gained momentum, and become key drivers of Chinese economy.

    By Global Times | 2023/12/1 1:44:51
  • Don't read too much into imagined 'China-India competition' in Walmart's list

    Walmart, the world's largest retailer, is importing more goods to the US from India and reducing its reliance on China as it looks to cut costs and diversify its supply chains, Reuters reported on Wednesday.

    By Hu Weijia | 2023/12/1 0:23:40
  • Global AI governance should be strengthened to combat hegemonism

    A recent New York Times report has drawn public attention as it said that the CIA and other US spy agencies warned United Arab Emirates-based artificial intelligence (AI) firm G42 over its cooperation with large Chinese companies that US officials consider "security threats."

    By Hu Weijia | 2023/11/30 0:28:13
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