In the first quarter of 2025, the development index for Chinese small and medium-sized enterprises (SMEs) reached 89.5, the highest since 2020, China Central Television (CCTV) reported on Thursday. This figure, unveiled by the China Association of Small and Medium Enterprises (CASME), not only signifies the positive trajectory of China's SMEs but also underscores the resilience of the Chinese economy amid considerable international economic uncertainties, including those sparked by US tariffs.

In a recent interview in the UK, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said that Hungary has ascended to become the world's second-largest producer of electric vehicles (EVs), a milestone achieved largely through partnerships with Chinese EV companies, China Central Television reported on Wednesday. Szijjarto's disclosure underscores the perspective that China's swift progress in the EV sector should be viewed as an opportunity rather than a threat.

The series of tariff measures announced by the US on April 2 continue to stir economic turbulence. US President Donald Trump hailed this day as "Liberation Day." However, with the rollout of tariffs exceeding expectations, international opinions have branded it as “Isolation Day,” “Inflation Day,” or "Recession Day." Washington hopes to rebalance trade and bolster American manufacturing through "reciprocal tariffs.” Yet, as some economists point out, tariffs are unlikely to restructure the US economy in the way that the Trump administration intends. A most probable outcome of tariffs is isolationism, synonymous with higher inflation and lower economic growth.

In the context of an increasingly complex global trade landscape, the US has once again wielded the stick of tariffs, attempting to reinventing its economic strengths through the adoption of trade protectionism. However, the lessons of history should never be forgotten. In 1930, the US enacted the Smoot-Hawley Tariff Act, prompting other countries to raise their tariffs as well and triggering a global trade war. This move led to a sharp decline in international trade, exacerbating the duration and severity of the economic crisis that began in 1929. The lessons learned from this crisis profoundly influenced the formulation of subsequent trade policies.

Apple is regarded by some analysts as one of the most exposed companies to Washington's new tariffs. According to CNBC, the tech giant's stock has suffered a significant downturn, losing approximately 20 percent of its value in three trading days, wiping out almost $640 billion in market capitalization. It's a typical example of how the US tariff policies are backfiring on American businesses, particularly those deeply integrated into the Asian manufacturing supply chains.

The US government has announced that it would impose "an individualized reciprocal higher tariff on the countries with which the US has the largest trade deficits," to take effect on Wednesday. Under the guise of reciprocity, the US is engaging in trade protectionism, a move anticipated to severely disrupt the global trading system and strike American households, industries and the broader economy.

Tapping into the potential of the Asian market, particularly in the EV sector, presents numerous opportunities for countries to explore. One area of growth is the development of infrastructure including charging stations, which can benefit local enterprises across various markets.

As China set a target of about 5 percent for this year's economic growth at the two sessions, there are reasons to remain optimistic about China's prospects. The Chinese government has established clear goals that offer both challenges and opportunities. Reflecting on years of progress, the two sessions and these goals have long served as a platform for foreign observers to witness China's dynamic approach to economic development.

The US' CHIPS and Science Act, which has long been touted as a major move to boost the US' domestic chip industry, appears to be at a crossroads. US Commerce Secretary Howard Lutnick has signaled he could withhold promised grants as he pushes companies in line for federal semiconductor subsidies to substantially expand their US projects, Bloomberg reported on Tuesday, citing eight people familiar with the matter.

In light of recent US threats to impose high tariffs on key industries such as imported cars and its disruption of global supply chains, China, Japan and South Korea - crucial manufacturing hubs in East Asia - share a common interest in strengthening supply chain cooperation and establishing a unified large market.

The Chinese mainland will continue to invest more in new computer chipmaking equipment than any other geographical region in 2025, despite a significant year-on-year decline, Reuters reported, citing a report released by industry group SEMI on Wednesday. Although the US is intensifying its crackdown on China's semiconductor sector, the latter's position as the global frontrunner in chipmaking equipment investment signals the continued advancement and refinement of its domestic semiconductor supply chain.

China's "engineer dividend" is yielding rewards. Will the country affect the tech industry in the same way that it influenced the clothing and houseware sectors? This query was raised in a recent Bloomberg article. As China progresses in artificial intelligence (AI), humanoid robots and similar fields, the spotlight has turned to the underlying factors contributing to this surge, with some calling it China's "engineer dividend."

A recent article in the Indian Express, headlined "US tariffs looming, India looks at easing non-trade barriers, relaxing Chinese FDI," highlighted that "on the investment front, there are indications the Indian side is now open to allowing inflows from Beijing." It is hoped that India will heed such calls to relax Chinese FDI restrictions and won't miss out on valuable opportunities.

In the fast-paced world of technology, Apple has announced an online seminar designed specifically for Chinese developers, highlighting the tech giant's acknowledgment of this group's significance. Scheduled for Tuesday, the seminar will be presented in Chinese and include a question-and-answer session with Apple's experts. This move demonstrates Apple's efforts to enhance communication and interaction with the Chinese developer community.

During Wednesday's press conference, US Federal Reserve (Fed) Chair Jerome Powell's repeated mention of "uncertainty" once again brought the US government's tariff policies into the spotlight on the global economic stage. It seems that the US economy is caught in an unprecedented vortex of uncertainty due to these tariff policies, and this vortex is rapidly expanding outward, sweeping across the globe and triggering strong attention and concern from countries around the world regarding the ongoing trade tensions and the unpredictable landscape that lies ahead.

In a positive development for the Chinese economy, a recent survey conducted by Deutsche Bank has revealed an improvement in consumer sentiment among Chinese households. This increase in confidence comes at a crucial time as China has prioritized expanding domestic demand to achieve the GDP growth target of about 5 percent for 2025, despite facing multiple challenges.

As the bankruptcy of Northvolt marks a major setback for Europe in the electric vehicle (EV) battery industry, it is understandable that European officials are seeking to provide more funding support for the company. However, it's unpredictable whether funding alone can help the company surmount its challenges.

Like last December's Central Economic Work Conference, the Government Work Report unveiled at the two sessions recently reiterates the importance of "making continued efforts to stem the downturn and restore stability in the real estate market." While the overall tone remains consistent, new implications are introduced.

In this year's Government Work Report delivered and approved during the two sessions, China underscored its commitment to ensuring stability in the real estate market, as highlighted in the section on Overall Requirements and Policy Orientations for Economic and Social Development in 2025. The choice of wording reflects the country's strong emphasis on the importance of the real estate sector.

Capitalizing on China's trade-in program, Samsung Electronics and SK Hynix witnessed a boost in their sales in China last year, according to the Yonhap News Agency. This increase was not just a reflection of the resilience and profitability of the Chinese market despite Washington's stringent measures against China's burgeoning semiconductor sector - it also illuminates the potential for deeper collaboration between these two Asian countries.

In October last year, the EU announced the imposition of anti-subsidy tariffs on Chinese-made battery electric vehicles (EVs), a move that was widely interpreted as an attempt to shield its domestic EV industry from the competitive pressures exerted by Chinese manufacturers. Despite this development, European carmakers have not lost their enthusiasm for strengthening collaboration with Chinese enterprises. This offers a fresh perspective showing that the dynamics of international trade and cooperation are far more resilient than simple protectionist measures might imply.

Some US politicians seem to never tire of using "national security" as an excuse to unjustifiably suppress Chinese products, even though this self-defeating approach not only stands little chance of achieving its intended goals but risks undermining the US' own competitiveness in the global market.

How to seize the "Asian opportunity" in the auto industry? There is a need to accelerate the transition to electric vehicles (EVs) to meet demand, as statistics indicate that the EV market in the Asian auto sector is growing rapidly.

China's proactive approach to enhancing its legal framework for AI balances the need to foster innovation with the necessity of tackling emerging challenges. These strategic moves not only ensure sustainable growth in this vital sector but also position China as a significant player in the global AI governance.

The EU is doubling down on efforts to bolster its electric vehicle (EV) industry. On Wednesday, the European Commission (EC) announced a plan to make available 1.8 billion euros ($1.94 billion) to create "a secure and competitive" supply chain for battery raw materials.

The advancement of technology has spurred the growth of China's battery industry, which not only provides high-performance, high-quality battery products to both domestic and international markets but also significantly contributes to the global energy transition and the development of a green, low-carbon economy.

The positive view among investors reflects optimism about China's technological innovation, even amid the US government's ongoing tech crackdown and protectionist tariff threats, highlighting the resilience of China's tech development.

Well-known US investor Warren Buffett made a rare comment on tariffs, suggesting they could trigger inflation and hurt consumers, CNBC reported on Sunday, summarizing Buffett's interview with CBS News for a new documentary. This once again drew public attention to the negative economic effects of US' tariffs.

Will American metal producers capitalize on domestic shortages to hike prices and make a quick profit? If the answer is affirmative, it would be somewhat ironic, suggesting that the threat of tariffs has morphed into an opportunity for US steel and aluminum companies to profit at the expense of passing on increased costs to the broader manufacturing sector and consumers.

How effective are the escalating US chip export controls against China? It's worth listening to the industry's perspective. Nvidia CEO Jensen Huang is unsure if export controls against China are effective national security measures for the US amid the artificial intelligence (AI) race, but they've certainly hurt the chipmaker's business abroad, as Business Insider reported while summarizing Huang's latest interview on CNBC.

In recent times, the narrative surrounding China's investment in Vietnam has been somewhat misconstrued by some Western media outlets, with a notable example being a recent article by the Financial Times, which posits that a surge in Chinese investment into Vietnam could potentially provoke retaliatory measures from Washington. This perspective, while attention-grabbing, fails to grasp the essence of China-Vietnam investment.

Many Chinese firms are setting their sights on launching IPOs in the Hong Kong Special Administrative Region, "riding on the stock market impetus provided by artificial intelligence (AI) start-up DeepSeek," the South China Morning Post reported on Tuesday. This trend underscores a broader narrative: the current surge in technological innovation within the Chinese mainland could inject new vitality into Hong Kong's stock market.

The combined shipments of Chinese TV brands TCL, Hisense and Xiaomi accounted for 31.3 percent of the global market, surpassing South Korea's Samsung Electronics and LG Electronics for the first time, which held a 28.4 percent share, the Yonhap News Agency reported on Sunday, citing the latest statistics from market research firm Omdia.

​In recent years, the "little giants" in China - small and medium-sized enterprises (SMEs) that boast cutting-edge technologies and specialize in niche sectors - have shown strong growth momentum.

In 2025, China's economy will continue to overcome several challenges, notably the uncertainties in the external environment. Nevertheless, the current foundation of the Chinese economy remains strong, characterized by numerous advantages, robust resilience, and significant potential.

From artificial intelligence (AI) and 5G to humanoid robots, China's latest wave of technological innovation is capturing global attention. How much do you know about this?

In recent years, China has made substantial progress in the field of humanoid robots. For these robots to achieve commercial success and truly empower a wide range of industries, it is necessary to train and optimize algorithms through a vast amount of high-quality data. Improving efficiency and reducing costs are of great importance to the development of the entire industry during this "training" phase.

The news of Tesla's recruitment in India came after the company experienced its first annual decline in EV sales in over a decade. However, despite the market potential in India, Tesla's cooperation prospects in the South Asian country remain clouded by multiple challenges, including a relatively weak manufacturing base, protectionist tendencies, and a less stable investment environment for foreign enterprises.

The rapid development of large-scale wind and photovoltaic power facilities in these challenging environments is a critical strategic move for China as it seeks to promote a clean and low-carbon transformation of its energy sector. The country's strong commitment and significant progress in this vital energy transition and ecological governance project underscore its significance and potential.

As the new year unfolds, emerging Chinese tech startups like DeepSeek are making waves, and the excitement surrounding the startups continues to build.

Skepticism regarding China's green transition and its efforts to reduce carbon emissions is misplaced. The report focused primarily on the newly added coal power capacity in the context of short-term fluctuations driven by economic activity, and failed to capture the broader scope of China's massive energy transition.

India's Chief Economic Adviser V. Anantha Nageswaran indicated on Tuesday that the country is not expected to lift a ban on Chinese investment into the country soon, according to Reuters. This remark is disappointing and regrettable, especially considering that diversifying investment inflows could help India navigate the complex situation and global economic uncertainties.

The long-standing cooperation between the Chinese and South Korean battery industries has proven mutually beneficial. The complementarity of both countries facilitates a stable supply chain by enhancing industrial collaboration.

As China's economy transitions and upgrades toward higher-quality development, technological innovation has brought significant growth opportunities to sectors such as high-tech industries and high-end manufacturing. The profits and performance outlook of related enterprises continue to improve, leading to higher market forecasts.

The Northeast region of China, the country's traditional industrial base, has been rapidly advancing the establishment of a modern industrial system that leverages its unique advantages. The continuous development of the manufacturing sector has injected new momentum into China-South Korea cooperation.

While India hopes to leverage the opportunities presented by US-China trade friction to enhance its economic position, the reality is that trade friction has posed more challenges for India in its economic cooperation with the US.

US President Donald Trump's executive order imposing a 10 percent tariff on Chinese imports is likely to drive up the cost of generic drugs in the US and exacerbate drug shortages, US media outlet NBC News reported on Tuesday, citing experts. This assessment, along with other warnings that additional tariffs could lead to higher prices for essential goods within the US, should be taken seriously by Washington.

The Hong Kong stock market advanced on Tuesday, with the benchmark Hang Seng Index rising 2.83 percent to close at 20,789.96 points. Overall, technology stocks have done well. The Hang Seng TECH Index jumped 5.06 percent.

In 2025, China is expected to introduce specific plans to implement more proactive fiscal policies and moderately loose monetary policies, as well as strengthen unconventional counter-cyclical adjustments. Additionally, measures to further deepen reform comprehensively and expand high-standard opening-up will be formulated. We have reason to be confident about the prospects of the Chinese economy.

If China and ASEAN countries can continue to work together to combat telecom fraud, it can lead to better results, addressing the root causes and hidden dangers of the problem. It is believed that the improved legal order and regulatory environment will bring brighter prospects for the tourism sector in ASEAN countries amid deepening regional economic integration.

Although US inflation has eased, the economy does not seem to have fully recovered from the lingering effects of the cost-of-living crisis. In this context, some economists have recently warned that additional tariffs on imported goods could harm US consumers. Would this undermine the country's efforts to address the cost-of-living crisis?

The New Gwadar International Airport is regarded as a pivotal infrastructure project and a milestone that makes the Gwadar Port a regional nexus of connectivity. Officially commencing operations on Monday, the airport is anticipated to significantly contribute to Pakistan's economic development and bolster regional economic integration, especially amid the ongoing enhancements to the China-Pakistan Economic Corridor (CPEC) and Belt and Road Initiative (BRI) cooperation.

The recent appeal from the chairman of the board of management of Mercedes-Benz reflects the aspirations of the wider European business community. European politicians, who may be entrenched in a zero-sum mindset, need to take a step back and objectively evaluate insights from the business sector regarding collaboration with China.

This year, 16 C919 aircraft are participating in China's Spring Festival travel rush, according to a report by CCTV, representing a significant increase compared with the previous year. The involvement of these domestically produced aircraft in this major event highlights the country's progress in science and industry, serving as a testament to years of dedicated research and innovation.

As geopolitical factors and protectionism pose significant challenges to global and Asian free trade cooperation, enhancing FTA cooperation between China and South Korea in the services and investment sectors could inject new vitality into bilateral trade and the regional economy.

As the chip market grapples with increasing uncertainty, Washington's interference and disruption are likely to impose greater challenges on semiconductor companies. In times of such unpredictability, the need to maintain a firm grip on the market becomes even more critical. China, as the world's largest semiconductor market, holds undeniable significance for global chipmakers.

In recent years, certain Western media outlets have raised the question of whether Vietnam will replace China as the "world's factory." The answer to this zero-sum perspective is a resounding no. In reality, the Asian industrial landscape is moving in the direction of expanding cooperation and integration.

The EU's report on future competitiveness serves as a timely warning for the bloc, while also exposing misconceptions regarding economic and trade cooperation with China. These misconceptions are among the factors that hinder the EU's efforts to improve its business attractiveness, foster growth in digital sectors and improve sustainable economic competitiveness.

Taiwan Semiconductor Manufacturing Co (TSMC) has begun producing advanced 4-nanometer chips for US customers in Arizona, Reuters reported on Friday. While the move was hailed by Reuters as "a milestone in the Biden administration's semiconductor efforts," the ramifications for the semiconductor industry on the Taiwan island are more complex, with overwhelmingly unfavorable consequences taking center stage.

While acknowledging Nobel economist Daron Acemoglu's innovative contributions to institutional economics, Zhang Xiaojing, director of the Institute of Finance and Banking at the Chinese Academy of Social Sciences, noted that applying general theories to specific countries or systems without considering their unique national contexts can lead to errors and biases, as there is no one-size-fits-all approach. China's economy continues to defy external biases with tangible gains.

At the beginning of 2025, #China's central bank signals a commitment to leveraging a mix of monetary policy tools to maintain yuan stable at adaptive and balanced level. China has the fundamentals, conditions, and capabilities to achieve the goal despite increasing external volatility.

In the face of increasing uncertainty in the global economic and financial landscape, China's foreign exchange and gold reserves, as well as the performance of the yuan, have attracted wide attention in international markets. While Western media outlets often focus on speculative opinions and deliberate pessimism, the reality is that key indicators remain stable, reflecting China's economic stability and resilience against external risks.

Although the gap between South Korea's exports to China and those to the US is narrowing, the economic ties between China and South Korea are undeniably crucial, forming a relationship that cannot be easily substituted by any of South Korea's other bilateral partnerships.

Japan is set to start a government-backed effort to promote light-based telecommunications technology to US tech giants, Nikkei Asia reported on Monday. However, if the report proves accurate, this ambitious effort may confront a range of challenges, even with Japan's technological advantages in the field.

Sullivan's visit to New Delhi to review the iCET has once again drawn attention to India's ambitions to enhance its high-tech sector. While the iCET presents opportunities, it also highlights some of the challenges facing India's manufacturing sector and high-tech ambitions.

The continued strength of the US dollar presents particular risks for certain emerging economies already grappling with external and fiscal imbalances. Countries with large current account and fiscal deficits, coupled with low foreign exchange reserves, are especially exposed to the negative consequences of a stronger dollar.

The USCC's proposed Manhattan Project-style AI initiative underscores the US' push to maintain its edge over China in AI. While its prospects remain unclear, it highlights the need for other countries to prioritize tech innovation as a key driver of national development.

Cotton output in Northwest China's Xinjiang Uygur Autonomous Region reached nearly 5.69 million tons in 2024, up 574,000 tons over the previous year, according to the National Bureau of Statistics. The autonomous region contributed 92.2 percent of the country's total cotton output this year, setting a new record, according to the Xinhua News Agency.

If China and the US can enhance cooperation, it will greatly boost the development of global clean energy transition, which is crucial for achieving the goals of the Paris Agreement, advancing multilateralism, ensuring global energy supply stability, and realizing a green transition.

The formulation of the private economy promotion law is a key measure to adapt to the new situation of China's economic development and to promote the high-quality development of the private economy. This law is set to stimulate the private sector's potential and vitality.

SouthKorea's central bank's recent announcement of a further interest rate cut next year is necessary for the nation's real economy, especially for its export-driven manufacturing sector. In 2025, some Asian economies may still be in a rate-cutting cycle, creating a window of opportunity for further growth and transformation in Asia's manufacturing supply chain.

The suggestion by the think tank Labour Together, as reported by The Guardian, for the UK to "de-risk" its supply chains and reduce reliance on China for critical minerals, is misguided. While the idea of diversifying supply sources might ostensibly be prudent at first glance, such a strategy risks destabilizing, rather than protecting, the supply chains it aims to safeguard.

The shifts in China's oil demand are not merely fluctuations in numbers. They profoundly reflect China's evolving role in the global energy sector, transitioning from a major oil consumer to a leader in energy transformation.

The consideration of tariff exemptions exposes that the high tariff policy in the US is counterproductive to boosting the domestic solar panel manufacturing industry. Maxeon's case shows that Chinese manufacturing is involved in almost every aspect of the global supply chain. It is unfeasible for the US to exclude Chinese manufacturing for political reasons.

China's cross-border e-commerce trade has rapidly emerged as a prominent advantage of the country's foreign trade landscape. Despite increasing challenges, such as geopolitical pressures, the integrated strength of China's cross-border e-commerce, digital economy and manufacturing is poised to continue to unleash the significant development potential of the sector.

Northwest China's Xinjiang Uygur Autonomous Region grabbed the top spot in the country in terms of grain yield per unit area in 2024, marking a new breakthrough in the region's efforts to enhance grain production, the Xinhua News Agency reported. This achievements in raising grain yield in the Xinjiang region have not been easily attained. They are the result of a comprehensive and consistent interplay of policies, technology and other positive factors.

In its efforts to build into a strong maritime country, China is solidifying its leading position in global shipping and trade capacity. Initiatives such as the Belt and Road Initiative (BRI), along with the promotion of green shipping, are strengthening China's maritime capabilities and making positive contributions to global trade and development. These efforts enhance the efficiency of global supply chains, reduce logistics costs and offer substantial benefits to developing countries.

Standing at a critical juncture in its mission to meet energy demand and fuel economic growth, Europe needs to accelerate the energy transition and strengthen energy cooperation. While it would be beneficial for the EU to expand cooperation with China, an important trading partner, in order to achieve these multiple goals, the EU needs to shun the protectionist mindset and embrace pragmatic cooperation with an open attitude.

Based on changes in both internal and external circumstances, the Central Economic Work Conference has made it clear that next year China will adhere to the principle of pursuing progress while ensuring stability, promoting stability through progress, and implementing a more proactive fiscal policy along with a moderately loose monetary policy, aiming to create a combination of pro-growth policy.

Despite short-term fluctuation, a profound transformation within the Chinese economy has the potential to bring vast opportunities for enhanced economic and trade cooperation between China and Australia.

As global free trade encounters various challenges, the expansion of the CPTPP becomes increasingly vital. After the UK officially joins, the further expansion of CPTPP to include China will be beneficial to global free trade.

It's somewhat ironic that Nippon Steel, while criticizing the "inappropriate" influence of politics on its proposed takeover of US Steel - especially following reports that Washington might block the deal - simultaneously exploits the political narrative of a "China threat" to bolster its case. If Nippon Steel truly wants to eliminate "inappropriate" political influence, it should stop using the unfounded "China threat" as a bargaining chip. It should be noted that the growth of China's steel industry has never posed a "threat" to other nations, but rather reflects broader global market trends and industrial development.

During Nepalese Prime Minister Khadga Prasad Sharma Oli's visit to China from Monday to Thursday, he reaffirmed Nepal's commitment to actively engaging in the Belt and Road Initiative (BRI). In May 2017, China and Nepal signed a Memorandum of Understanding (MoU) on bilateral cooperation under the framework of the BRI. Seven years on, cooperation through the BRI has deepened, further boosting bilateral economic growth. This strengthened cooperation is set to inject fresh momentum into the development of a multi-dimensional connectivity network across the Himalayas, with the potential to profoundly reshape trade networks throughout Asia.

US President Joe Biden is visiting Angola this week, showcasing the Lobito Corridor project, which is reportedly a multi-billion US dollar investment aimed at building a railway connecting the Angolan port of Lobito to the city of Kolwezi in the Democratic Republic of the Congo, attracting attention from Western media. Some outlets see the project as a tool of geopolitical competition, with VOA highlighting it as a part of the US strategy to counter China's influence in global development. However, the project's future remains uncertain.

In recent trading sessions, stocks related to humanoid robots in China's A-share market have seen a significant surge, attracting the attention of investors. This upward momentum reflects the increasing confidence in the future potential of China's humanoid robotics sector.

Deep-sea mining controversy necessitates joint international efforts to ensure sustainable development. Only by doing so can demands for resources be balanced with ecological protection and achieve long-term sustainable development of the sector.

Various indicators in the first three quarters of this year show that China's economic performance has remained stable, with several new factors contributing to a positive trajectory. The economy is expected to maintain momentum in the fourth quarter.

China-South Korea industrial cooperation has long been an important part of the Asian industrial network, consistently drawing attention. According to Korean news agency Yonhap, officials from both countries gathered on Thursday in Yancheng, East China's Jiangsu Province, to discuss strategies aimed at ensuring the stability of their supply chains.

The US Commerce Department announced Tuesday that it is finalizing a $7.86 billion government subsidy for Intel, down from the proposed $8.5 billion in March after the California-based chips maker won a separate $3 billion award from the Pentagon, Reuters reported. While the funding is significant, it remains unclear whether it will be sufficient to help Intel overcome its challenges.

Economic and trade relations between China and the Middle East are built on a solid foundation and have evolved significantly over time. Recently, these economic exchanges and cooperative efforts have strengthened, reflecting a mutual commitment to growth. This interest and effort from both sides foster a dynamic partnership that benefits both sides.

For some Western powers, critical minerals have turned into a strategic battleground. In response, these nations are forming alliances centered around these minerals, pressuring their allies to join exclusive blocs. This emerging trend threatens to disrupt global supply chains and poses a significant challenge to globalization.

Amid the rapid evolution in the global digital landscape and its associated industrial and supply chains, South Korea, an export-oriented economy, is increasingly supporting SMEs to drive growth, create jobs, and foster innovation. The country has stepped up efforts to activate the vitality of SMEs, integrating competitive industries, reforming institutions, supporting growth, and cultivating leading enterprises.

Northvolt, the Swedish manufacturer of battery cells for electric vehicles (EVs), has filed for Chapter 11 bankruptcy protection in the US, according to Reuters. The report highlights the swift downfall of Northvolt, which, in a matter of months, went from being hailed as Europe's best shot at a homegrown EV battery champion to a company struggling to stay afloat.

The US views manufacturing as a crucial driver of economic growth and innovation. Over the past decade, the federal government has implemented various plans and strategies aimed at supporting the sector's development. However, one key factor essential to revitalizing the US manufacturing industry - industrial automation - seems to have been overlooked.

The successful issuance and oversubscription of the bonds not only demonstrate the openness and vitality of China's financial sector but also reflect the strong appeal of the Chinese economy and the international investors' positive outlook on China.

Canada, following the lead of the US, said in August it would impose a 100 percent tariff on imports of Chinese electric vehicles (EVs). Mexico does not have a similar tariff. It should be noted that the ongoing pragmatic economic and trade cooperation between China and Mexico is a normal commercial activity conducted by enterprises from both countries, based on international rules and market principles, and no third party has the right to interfere.

The key issue of development is to boost critical investments in the low-income countries and lower-middle-income countries. China is demonstrating its support for shared prosperity and sustainable development. The win-win strategy for China and the partner countries is very important for the vital green transformation of the world economy.

In recent years, Washington has pushed for re-industrialization, even implementing trade protectionist measures in an attempt to bring manufacturing back to the US. Yet, the overall results have been disappointing. Frankly speaking, many long-standing challenges facing US manufacturing remain unresolved.

Consumers are typically most concerned with the price and quality of goods. It should be up to consumers, not protectionist trade policymakers, to decide which products to purchase. At the very least, Western consumers should have the freedom to make their own choices without interference from protectionist trade policies.

At a time when China's NEV industry has just set a new annual production record, old photos are being dug up again, using groundless and misleading reports about "EV graveyards" to talk down China's EV industry. The ill intention behind this is to suggest that "China's EV industry is struggling with issues of disorderly development and capacity waste." However, this is not true.