As the China-Pakistan Economic Corridor (CPEC), a flagship project under the China-proposed Belt and Road Initiative (BRI), has created new opportunities for economic growth and stability via a number of projects that are in full swing across the South Asian country, many third-country investors are also showing interest in the project.
By GT staff reporters | 2022/1/16 15:18:15
  • Phase-II of CPEC, flagship BRI project, much broader in scope: Pakistan Ambassador to China

    Conceived in 2013, the China-Pakistan Economic Corridor (CPEC) enters its ninth year in 2022. In an exclusive interview, The Global Times' reporter Chu Daye spoke with Pakistan Ambassador to China Moin ul Haque, recapping the development of the CPEC over recent years and delving into the latest progress regarding third-party cooperation and a plan for phase-two development of the CPEC.

    By Global Times | 2022/1/16 15:11:15
  • Overseas products finding their way onto Chinese tables over the Spring Festival shopping season

    As the Spring Festival shopping rush, a time-honored tradition in the run-up to the Chinese New Year, kicked off, Chinese consumers are purchasing products ranging from food, clothes to cosmetics with unbridled enthusiasm. This year, the shopping season has been marked by more international products, prompting more foreign exports to China.

    By Zhang Hongpei and Qi Xijia | 2022/1/11 16:40:26
  • China-German relations will continue moving forward during adjustments, boosted by BRI: senior diplomat

    In an exclusive interview, The Global Times' Li Xuanmin talked with Wang Weidong, minister and chief of the Economic and Commercial Department at the Chinese Embassy in Germany, on issues ranging from political and economic cooperation to the Belt and Road Initiative (BRI) cooperation.

    By Global Times | 2022/1/6 19:32:41
  • Mexican teen develops app to help deaf sister communicate

    Estrella Salazar, a 17-year-old science whiz from a working-class town near Mexico City, was inspired by her sister to develop an app to help deaf and hard-of-hearing Mexicans communicate more easily.

    By Reuters | 2022/1/6 19:14:38
  • Airport projects in China set to take off

    Several cities across China are welcoming a new round of airport construction projects in the new year. The projects range from airport expansion to new airport construction, spanning from South to East China, as cities look beyond the pressure generated by the ongoing pandemic.

    By GT staff reporters | 2022/1/5 20:20:20
  • International financial cooperation matters for the status of world's reserve currency

    The US Federal Reserve Chairman Jerome Powell on December 15 set out plans to accelerate the withdrawal of multi-trillion-dollar stimulus and signaled an intention to raise interest rates three times next year after its bond taper ends.

    By Huang Yongfu | 2022/1/4 22:11:23
  • Aviation industry eager for more government support to survive another bleak winter

    The aviation industry, a major victim of the global pandemic, has been forced to slog through another tough year, dragged down by volatile passenger demand, and a pandemic which continues to rage around the world.

    By GT staff reporters | 2021/12/29 20:32:58
  • Airlines enhance strategic partnership to increase cargo transport with China

    Currently, China has signed air transport agreements with 103 countries along the Belt and Road Initiative route, and maintained air services with 53 countries. The number of flights with countries along the route accounted for 65.9 percent of China's total flights.

    By Global Times | 2021/12/29 20:15:26
  • Stakeholders look toward BRI infrastructure as RCEP trade pact set to boost China-ASEAN trade, investment

    As the Regional Comprehensive Economic Partnership Agreement (RCEP) will take effect at the end of this week, as agreed upon, the business community is awaiting the prospect and potential of the landmark regional trade pact, which is widely believed to greatly boost economic development in the region, and foster trade between China and the ASEAN, China's largest trading partner.

    By By Chu Daye and Zhang Dan | 2021/12/29 17:42:34
  • Equity game between Chinese, foreign auto players starts following removal of ownership cap

    As the new policy will soon take effect, which side will take the first move? Foreign automakers or their domestic partners? Industry observers believe three results are possible: both sides maintaining the status quo, foreign players increasing their share in the JV or domestic firms taking the initiative.

    By By Zhang Hongpei | 2021/12/28 18:22:30
  • New reality for Chinese livestreaming

    An industry insider, who asked to remain anonymous, told the Global Times that the era of a livestream industry marked by internet celebrities and wild growth without sufficient regulation has ended, and the industry will embrace fairer competition.

    By By GT staff reporters | 2021/12/27 17:20:54
  • China's medium and senior skilled labor shortage expands despite employment pressure

    With the arrival of winter, a bulk of companies have finished their recruitment drives for the year. However, some firms that targeted vocational and technical colleges as a source of new recruits have returned empty-handed. A teacher from a Shenzhen-based technical school said that many students have been snapped up by major enterprises before they finish their studies, with more than two offers per graduate.

    By Liu Yang | 2021/12/21 18:56:20
  • Further cut on subsidies won't hit China's NEV industry

    As 2021 draws to a close, the Chinese new-energy vehicle (NEV) market, the largest in the world, has been engaged in a heated discussion around the winding down of subsidies in 2022 - and whether the adjustment may hold back the growth of the flourishing industry.

    By Zhang Hongpei | 2021/12/20 18:26:46
  • Belarus ready to offer alternative to Lithuanian products to China: ambassador

    Belarus is ready to increase exports to China, boosted by the development of the country's agricultural sector, offering an alternative to Lithuanian products that were previously supplied to China, Belarusian Ambassador to China, Yuri Senko told the Global Times, noting the country will support China in the international arena on all other issues including Taiwan question.

    By Yin Yeping and Zhang Dan | 2021/12/16 20:10:50
  • The metaverse land boom: a 'gold rush' or a bubble about to burst?

    How much would you spend to buy virtual land in the metaverse, a virtual world that runs in parallel with real life? In recent days, the land rush in the metaverse has been making headlines with a $4.3 million record high purchase of a plot of land in Sandbox, a blockchain-based decentralized metaverse developed by a US firm - the equivalent to the price of a luxury villa in Beijing's inner suburbs.

    By GT staff reporters | 2021/12/14 20:08:39
  • Chinese tech firms tap opportunities on back of landmark China-Laos rail project

    With the official opening of China-Laos Railway, a landmark, high quality project under the Belt and Road Initiative (BRI), Chinese tech firms are tapping into digital cooperation opportunities between the two countries made possible by the mega infrastructure achievement that are increasing the Southeast Asian country's ability to attract investment, create new jobs and accelerate economic growth.

    By GT staff reporters | 2021/12/9 18:28:40
  • WTO puts Chinese auto in the fast lane

    As China has become "a nation on wheels," the country's automotive industry offers a great case study on how the Chinese economy achieved integration with global markets and contributing to global prosperity.

    By GT staff reporters | 2021/12/8 19:18:49
  • WTO entry a milestone for China: Yiwu traders

    Joining the WTO was a milestone event in the development of China's overseas trade-led economy, it provided significant momentum for the government to implement reforms on trade rules that helped Chinese goods meet standards in overseas markets.

    By Xie Jun and Liu Yang | 2021/12/7 19:05:55
  • Chinese internet giants restructuring business as challenges grow

    Alibaba Group announced a “bold” management restructuring that includes reshuffles of the firm's CFO and commerce department heads on Monday, the latest internal adjustment by the e-commerce giant amid Chinese regulators' stricter supervision moves and an increasingly competitive domestic internet landscape.

    By GT staff reporters | 2021/12/6 19:03:39
  • Lao students elated to see launch of landmark China-Laos Railway

    On the night before the official launch of the China-Laos Railway, a landmark project under the Belt and Road Initiative (BRI), La THOR, a 23-year-old born in Laos' Luang Prabang and who has studied for two years at a Shanghai university, could not help remembering the months he had spent taking part in the project.

    By Xie Jun | 2021/12/5 17:28:39
  • Singapore-Chongqing connectivity strengthens, facilitating trade

    The interconnection between China and members of Association of Southeast Asian Nations (ASEAN) is expanding from an original focus on infrastructure and logistics flow to financial cooperation, marking a step further in strengthening connectively despite headwinds created by the pandemic.

    By Global Times | 2021/11/25 17:33:39
  • China-Chile trade to reach record high in 2021 despite global headwinds: envoy

    While the pandemic continues to disrupt supply chains creating unprecedented challenges for international trade, economic cooperation between China and Chile, two countries that are geographically far apart, is expected to hit a record high by surpassing a $55 billion threshold, according to a recent forecast by the Chilean Ambassador in Beijing, Luis Schmidt.

    By Yin Yeping | 2021/11/25 17:28:40
  • Stop of passenger-to-cargo flights services may further tighten air capacity, push up freight fees

    China's civil aviation regulator said it will end previous passenger-to-cargo flights, with cabins now restricted to transporting anti-epidemic items. Market insiders predict that the new regulations will further tighten air capacity during the epidemic, pushing up international air cargo fees.

    By GT staff reporters | 2021/11/24 17:18:40
  • Chinese-made aircraft maintenance facility opens in SW China's Chengdu

    A domestic maintenance facility for aircraft has been officially opened in Chengdu, capital of Southwest China's Sichuan Province on Wednesday, as a regional jetliner ARJ21, manufactured by the Commercial Aircraft Corporation of China (COMAC) which launched maintenance operations the same day.

    By Global Times | 2021/11/24 17:18:39
  • GT Exclusive: Chinese firms explore lithium projects in Afghanistan, but risks remain

    Representatives of several Chinese companies have arrived in Afghanistan on special visas and are conducting on-site inspections of potential lithium projects, while others have made contacts about such projects, several Chinese businessmen in Afghanistan told the Global Times on Tuesday, marking a concrete initial step in potential cooperation in developing one of Afghanistan's biggest mineral deposits.

    By GT staff reporters | 2021/11/23 21:08:39
  • China, ASEAN likely to upgrade 'travel fast lane' amid closer ties

    As China and the Association of Southeast Asian Nations (ASEAN) upgraded their ties to comprehensive strategic partnership, the two sides are expected to see an upgraded version of “travel fast lane” with certain ASEAN members as well, as part of a joint effort to create more convenience for increasing bilateral business and people-to-people exchange for key projects, industry observers said on Tuesday.

    By Global Times | 2021/11/23 21:03:56
  • Secondary flotations of US-listed Chinese companies buoy prospects as Hong Kong bourse rolls out reforms

    Hong Kong Exchanges and Clearing Ltd (HKEX) will witness an outburst of secondary listings by US-listed Chinese companies that is expected to bolster the exchange's prospects with more reforms to be worked out to process IPOs.

    By Zhang Hongpei | 2021/11/21 16:38:39
  • Capital rushes into clothing industry in China on improved efficiency, technology

    As one of the "old" industries that empowered China's export economy dating back to the early age, the clothing industry becomes again appealing to capital, which is now eager to inject new vitality into the traditional industry. Improved supply-side efficiency including manufacturing and transportation has also become major supporting factors for the industry's new life.

    By GT staff reporters | 2021/11/16 16:51:39
  • China's retail sales, industrial output edge up in October

    China's economy delivered better-than-expected numbers in October as retail sales and industrial production went up, consolidating a sound recovery and economic momentum despite multiple headwinds such as energy shortages, a property sector slump, and the resurgence of COVID-19 outbreaks.

    By GT staff reporters | 2021/11/15 19:38:39
  • Chinese cities come out with measures to support home sales

    Local governments across China are trying to curb home prices from a precipitous drop, while encouraging home buyers to buy mortgaged houses to help cash-stricken property developers to quicken home sales, amid the nation's tightened regulation for the housing market.

    By GT staff reporters | 2021/11/14 16:38:39
  • BRI countries, regions shine at import fair in Shanghai

    At a Pakistani booth at the fourth China International Import Expo (CIIE), Habib-ur-Rehman from Pakistan was busy attaching "sold" tags onto some pink lamps on one of the booth's shelves. These lamps, made from salt mines from Pakistan, will soon hold a place in the homes of the Chinese families who purchased them.

    By Qi Xijia | 2021/11/11 16:58:40
  • China aviation regulator mulls measures to improve industry facing big transport challenges

    Civil aviation transport saw a slight improvement in October, but the regulator has reiterated that transport remains a big challenge, and that further measures are needed to improve the state of the industry.

    By Global Times | 2021/11/10 18:03:40
  • Deals worth billions of yuan at CIIE show Chinese players' importance in global aviation industry

    Chinese airlines, many of which rank among the biggest players in the global aviation industry, are gearing up to purchase nearly 10 billion yuan ($1.56 billion) worth of goods and services at the 4th China International Import Expo (CIIE) in Shanghai, despite the headwinds of the industry brought by the COVID-19 pandemic.

    By GT staff reporters | 2021/11/10 17:33:40
  • Hydrogen cars to take off despite high costs, lack of infrastructure

    As electric car companies continue to grow rapidly in China, another type of new-energy vehicle (NEV) - hydrogen-powered vehicles, are also starting to join the race.

    By Xie Jun | 2021/11/9 17:11:08
  • Chip data request latest instance of US hegemony, may hit legal snags

    Some of the world's largest chipmakers including Taiwan Semiconductor Manufacturing Company (TSMC) have responded to a contentious US government request to submit chip data ahead of the Monday deadline, in a move described by industry observers as yet another instance of US hegemony that coerces global semiconductor supply chains to bow to arbitrary requirements way beyond commercial standards.

    By GT staff reporters | 2021/11/8 22:38:40
  • Global luxury houses glued to China's increasingly affluent middle class

    At French luxury tycoon Kering's booth at the 4th China International Import Expo (CIIE), a dark-red satin shirt dress was displayed on a rotating pedestal, drawing attention from media and visitors.

    By Xie Jun | 2021/11/7 17:53:13
  • Airlines gear up for the Winter Olympics as 100-day countdown begins

    As the 100-day countdown for the Beijing 2022 Olympic Winter Games kicked off on Wednesday, logistics and transport arrangements for athletes and referees to China has become a hot topic among airlines.

    By GT staff reporters | 2021/10/27 18:23:40
  • Airlines eye resumption of regular air travel between China and US after Biden lifts restrictions

    On Monday, US President Joe Biden signed an order, saying that starting from November 8, foreign national travelers to the US will be required to be fully vaccinated. The order will also lift travel restrictions on China, India and much of Europe. The move is being viewed as one of the biggest leaps in allowing travelers into the US, and is believed to boost the growth of international tourism to "far exceed expectations."

    By GT staff reporters | 2021/10/27 16:28:39
  • China's new college grads eye civil service jobs amid tight labor market

    A recent college graduate surnamed Liu used to dream about landing a job at a multinational corporation after her graduation, but now she is busy preparing for the civil service exams and applying for positions at banks and public schools simultaneously.

    By GT staff reporters | 2021/10/26 17:28:40
  • Chinese firms in Vietnam face logistics disruptions, labor shortages

    Logistical disruptions and labor shortages are straining Chinese manufacturers in Ho Chi Minh City after the southern business hub in Vietnam eased COVID-19 lockdown measures, a local business association said.

    By Zhang Dan and Liu Yang | 2021/10/25 16:53:39
  • News Analysis: Western attacks against Xinjiang built on ignorance

    During my recent trip to Aksu, a cotton production base in Northwest China's Xinjiang Uygur Autonomous Region, I was made jaw drop all the time. Driving across the road, the autumn view of Xinjiang was splendid, but I had my mouth widely opened not because of that, rather for the wealth of local cotton farmers, which could be compared to the rolling hills in Xinjiang that far exceeded my expectation.

    By Li Xuanmin in Aksu | 2021/10/19 20:24:41
  • Xinjiang harvests first China-standard cotton

    At an endless cotton field located at the southern hills of the Tianshan Mountains in Northwest China's Xinjiang Uygur Autonomous Region, workers from China's cotton industry association were busily inspecting the field, screening quality for fresh picked cotton and processing product certification.

    By Li Xuanmin in Aksu | 2021/10/18 19:22:12
  • UM's development microcosm of institutional innovations, set to expedite Macao's economic diversification as grand plan kicks in

    In his second exclusive interview with the Global Times, weeks after a grand plan for building a Guangdong-Macao in-depth cooperation zone was unveiled, Song Yonghua, the rector of the University of Macau (UM), was thrilled at the prospect of UM – a poster child of the practice of “one country, two systems” – embracing yet another momentous upgrade.

    By Li Qiaoyi in Zhuhai | 2021/10/12 22:09:25
  • Natural disasters will have limited impact on China's GDP, while certain industries may suffer

    The unexpected and unpredictable torrential rains seen in Central China's Henan Province throughout July are a sign of another challenging year in 2021, after the COVID-19 pandemic outbreak that significantly disrupted 2020.

    By GT staff reporters | 2021/10/11 19:18:39
  • Housing market cooled down during the Golden Week holiday

    Housing companies placed high expectations on the just-past National Day holiday that started on October 1, often dubbed as the Golden Week. A variety of discounts, lottery promotions, loans with favorable terms and other preferential measures were offered in the sales offices across the country to boost purchase volumes.

    By GT staff reporters | 2021/10/10 19:05:41
  • Trade and infrastructure stay strong and defy pandemic

    In the wake of global disruptions caused by the coronavirus, the unique role of China-proposed Belt and Road Initiative (BRI) in combating the virus and promoting economic recovery for countries along the route has been prominent and evidential, delivering shining results that smash some western slights against the initiative.

    By GT staff reporters | 2021/9/23 19:16:24
  • China's airlines actively expand 'red tourism' routes to meet growing demand

    After celebrating the 100th anniversary of Communist Party of China, Chinese airlines, including Air China and Southern Airlines continue to expand the aviation network for travelers seeking "red tourism" holidays.

    By Global Times | 2021/9/22 21:28:39
  • Mooncake sales witness global growth

    China's traditional mooncake export orders have seen a substantial increase with some companies achieving an up to 70 percent increase in exports ahead of the Mid-Autumn Festival.

    By GT staff reporters | 2021/9/21 18:13:40
  • Global Gateway scheme underscores the effectiveness of China-propsed infrastructure program: analyst

    The Global Gateway scheme, which some observers believe aims to compete with the China-proposed Belt and Road Initiative (BRI), is likely inspired by the success of the BRI and will serve to fully demonstrate the effectiveness of Chinese-initiated global infrastructure program, Chinese analysts said on Thursday.

    By Chu Daye | 2021/9/16 19:18:39
  • South China's Guangzhou aims to become global aviation hub

    Guangzhou, the capital city of South China's Guangdong Province, is planning to complete a national-level Airport Economic Demonstration Zone by 2025, including building its airport into an international aviation hub and integrating in the transport construction of Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

    By GT staff reporters | 2021/9/15 18:48:39
  • Deepening opening-up gives Chinese market better prospects: Jim Rogers

    This is the first installment of the Global Times' new commentary series - Top View, in which global influential business leaders and prominent economists share their views on China and the geo-economic landscape.

    By Global Times | 2021/9/14 18:03:03
  • Artistic talent in rural China boosts common prosperity push

    It's hard to imagine rural Chinese villages' daily lives surrounded by creative art galleries, hand-made miniascape decorated with seashells, and various handcrafts made of wood.

    By Yu Xi in Ningbo | 2021/9/12 17:33:39
  • Clearer path to China's carbon neutrality mapped out: industry insiders

    China's pledge to be carbon neutral by 2060, a mission with a tight schedule for a country still being industrialized, suggests tremendous restructuring and funding efforts over the coming decades to carve out an China-specific approach to green growth, industry insiders said at a just-concluded major services trade fair in Beijing where a clearer path to the would-be central pillar of economic growth was mapped out.

    By GT staff reporters | 2021/9/7 18:03:41
  • Tesla launches Yunnan-Tibet electric vehicle supercharging line

    Tesla launched a special 2,800-kilometer supercharging line linking Southwest China's Yunnan Province and Tibet Autonomous Region, setting up 14 supercharger stations along the route, the US electric vehicle maker announced on social media platformWeibo on Tuesday.

    By Global Times | 2021/9/7 17:08:40
  • Chinese tech giants aim high in creating a version of 'metaverse'

    The word "metaverse" may still a new concept for the general public, but it's already a project high on agenda of many big tech firms around the world ranging from US' Facebook, Microsoft, to China's ByteDance and Tencent.

    By GT staff reporters | 2021/9/5 18:28:39
  • Will TSMC become a 'US weapon' to contain China's semiconductor sector?

    As the global chip shortage drags on, the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC) is reportedly raising prices by as much as 20 percent, a historical high.

    By GT staff reporters | 2021/8/31 18:33:40
  • New technology and investment needed for virtual idols to compete with real life stars

    McDonald's unveiled its own virtual idol, Happy Sister, as its new brand ambassador in China in January, following the success of virtual idols in the country where young generation's purchasing power and demand for interactive entertainment experiences continues to skyrocket.

    By GT staff reporters | 2021/8/29 17:53:42
  • China's air cargo price to rise as Shanghai airport reports new COVID-19 cases: industry body

    Air cargo prices are expected to rise in China as two cases were confirmed at Shanghai Pudong International Airport resulting in the immediate tightening of epidemic prevention and control measures. Industry insiders and analysts said the freight rates are likely to rise in short term, but will not remain high in the long run.

    By GT staff reporters | 2021/8/25 18:33:39
  • China's high-speed rail, 5G, nuke generators used by more countries

    The US' crackdown on China's technology sector will not dampen China's cooperation on science and technology innovation with countries joining the Belt and Road Initiative (BRI).

    By Xiong Xinyi | 2021/8/19 18:43:40
  • Charter flights providers woo students amid ticket price spike

    Market demand for flights between China and the US is up after the US government has moved to loosen restrictions on international students entering the country from August. Charter flight is also becoming an option for international travelers amid rising demand and surging fares.

    By GT staff reporters | 2021/8/18 18:51:02
  • Shipping disruptions, material price spike squeeze profits of China's textile makers

    After reaping the benefits from the large amount of personal protective equipment (PPE) exports in 2020, textile mills in China now face an export dip as disruptions in global shipping industry are causing prices to spike, squeezing the profits of the low-margin clothing and textile sector.

    By Zhang Dan | 2021/8/17 16:03:39
  • More efforts are called for management of smart driving: analysts

    Sitting in the driver's seat with breakfast in one hand while the other on the steering wheel, driving at 70-80 kilometers per hour along Beijing's Fourth Ring Road, has become a new habit for Jia, a 30-year-old white-collar worker. The move of putting one hand on the steering wheel is to let the bulky machine know that the driver is still in charge instead of totally letting go.

    By GT staff reporters | 2021/8/16 16:28:39
  • Amazon blocks top Chinese sellers, forcing industry to seek new pathways

    The move to block Chinese sellers by US-based e-commerce giant Amazon may speed up the pace for the Chinese companies to develop more direct selling channels and construct their own platforms, online vendors said.

    By Qi Xijia | 2021/8/15 17:07:43
  • Afghan party leader lambasts US for leaving a devastated land tainted with hatred, eyes stronger role for China

    The situation in Afghanistan has entered a crucial period after the US pulled out most of its forces and peace talks between the Taliban and the Afghan government are in a stalemate. In a recent exclusive interview with Global Times reporters Zhao Juecheng and Hu Yuwei (GT), Dr. Latif Pedram (Pedram), leader of the National Congress Party (NCP) of Afghanistan and a former Member of Parliament, said that the hasty withdrawal of the US and NATO troops from Afghanistan left “a devastated land and political system tainted with blood and hatred.” Pedram believes that the former Soviet Union and the US both failed in the country, and China is eyeing a constructive role in the future economic and social reconstruction of the war-torn country.

    By Hu Yuwei | 2021/8/13 3:48:03
  • Short-term setbacks cannot mask growth momentum of Chinese aviation market

    A new outbreak of COVID-19 infections has cast a shadow over Chinese aviation industry. As of Thursday, China had designated 139 medium-risk and 27 high-risk areas based on the number of new infections, and multiple airports including Nanjing, Yangzhou, East China's Jiangsu Province had been closed forcing airlines to cancel a large number of flights due to the travel restrictions around the country.

    By GT staff reporters | 2021/8/12 17:18:39
  • More Chinese mainland equity fund managers eye Hong Kong amid market slide

    More Chinese mainland equity fund managers are including shares listed in the Hong Kong stock market in their investment portfolio, in hope to capitalize on a market where valuations have somewhat "touched down" amid policy uncertainty and sliding market confidence.

    By GT staff reporters | 2021/8/11 16:33:39
  • Chinese private education sector eyes public schools following policy shift

    China's vast private education sector has been dealt a "fatal blow" after sweeping measures were introduced in July, including a ban preventing curriculum-based tutoring agencies from raising funds through stock listings, in a bid to address unhealthy competition and ease the burden on Chinese students and their families.

    By GT staff reporters | 2021/8/10 17:58:40
  • China's top carbon market expects more trading entities to facilitate trading

    China's national carbon market is running smoothly since its launch on July 16, attracting the attention of an increasing number of enterprises, and the pricing for carbon quotas has been in line with expectation. However, industry insiders call for the introduction of institutional investors to facilitate overall transactions.

    By GT staff reporters | 2021/8/8 16:53:40
  • Luxury brands embrace Chinese Valentine's Day

    As China's Valentine's Day of Qixi approaches, a laundry list of luxury brands has launched a series of special-edition collections for the festival, turning this romantic festival into new fierce battleground for the luxury sector.

    By GT staff reporters | 2021/8/4 16:02:21
  • China's Pudong eyes breakthrough tech innovation

    When Lu Xiaowei started her career in Zhangjiang, a 17-square-kilometer farmland in Shanghai's Pudong New Area in 1993, there was little more than a deserted reed marsh, with no roads and little traffic.

    By Li Xuanmin and Xie Jun in Shanghai | 2021/8/3 16:47:48
  • Aviation industry facing headwinds

    Global aviation market has displayed more signs of a roaring recovery, supported by government policy support and airlines' booming confidence.

    By Tu Lei | 2021/7/22 17:33:40
  • Chinese internet firms bow to public pressure, easing work length

    A flurry of internet firms providing services ranging from search, e-commerce to mobile games were born in China since 1994. Ever since their birth, the interest-based companies have sustained an incredibly fast growth, driven by the doctrine that "it is not the big fish that eats the small fish, but it's the fast fish that eats the slow fish."

    By GT staff reporters | 2021/7/21 15:38:39
  • Global tech firms eye opportunities under China's carbon goals

    The World Artificial Intelligence Conference (WAIC) is a platform for global tech giants to showcase their latest cutting-edge artificial intelligence (AI) and other technologies, but at this year's event that concluded on Saturday, a new theme emerges among foreign companies: potential opportunities under China's bold goals to cut carbon emissions.

    By Qi Xijia in Shanghai | 2021/7/11 17:33:40
  • Airlines welcome summer surge as travel season helps boost traffic

    The summer travel season for civil aviation has kicked off and tourism has seen a sharp upswing boosted by travelers, providing welcome relief for the country's major airlines and airports.

    By Global Times | 2021/7/8 17:13:39
  • China's AI sector rushes for new chips with all-out efforts to counter US ban

    As investment pours into the cash-burning chip sector amid China's all-out efforts to become independent and counter the US threat, domestic semiconductor companies that specialize in artificial intelligence (AI) are among the first to see major progress.

    By Qi Xijia in Shanghai and Shen Weiduo in Beijing | 2021/7/7 22:14:11
  • Young Chinese eye billions yuan worth of near-expired products

    It is possible to buy Beingmate milk powder products worth 888 yuan ($137.4) for only 7.5 yuan on Chinese e-commerce platforms. The only reason is that the products are near the end of their best-before date. The huge discount has sparked heated discussion on nearly-expired food - food that has nearly reached its sell-by date.

    By GT staff reporters | 2021/7/6 18:21:41
  • China's infrastructure plan in Tibet to benefit regional economy beyond border

    From airports to high-speed rail, China has been beefing up efforts to build up a complete transport system in the Tibet Autonomous Region, an area situated on the Qinghai-Tibet Plateau where transportation has long been a bottleneck inhibiting its development.

    By GT staff reporters | 2021/7/5 18:10:49
  • Chinese supercomputers hold onto supremacy despite US squeeze

    Despite the US government's technology squeeze, Chinese scientists remain confident that the country's supercomputing industry will "get back on track" once the semiconductor manufacturing problem is addressed.

    By Xie Jun and Xiong Xinyi | 2021/7/4 16:08:39
  • CPC leadership leads to stronger, more efficient business sector

    The centennial of the Communist Party of China (CPC) is approaching and a grand celebration will be held on July 1. The 100th anniversary marks an important milestone in the CPC's leadership, which has helped build the world's most populous country into the world's second-largest economy, and created a model of corporate governance that has injected a new dynamic into China's vibrant business environment.

    By GT staff reporters | 2021/6/29 15:44:26
  • Chinese companies leverage new technology to protect environment under the BRI

    Inside the construction area of the Kompong Dewa Resort in Sihanoukville, Cambodia, Chinese builders from the China Eighth Engineering Bureau, a subsidiary of the state-owned construction giant CSCEC, have implemented a green construction concept to the ground.

    By Chu Daye | 2021/6/28 17:11:40
  • Australian cotton exports to China are plummeting

    The quantity of Australian cotton that passed Chinese customs clearance remained low, while price quotation and purchasing remained sluggish for the commodity as Chinese businesses had become cautious about importing Australian cotton amid the two countries' fraught relations.

    By GT staff reporters | 2021/6/27 16:18:39
  • China's EV battery recycles to peak in 2025, requiring policy support

    With the sale of electric vehicle (EV) in China is rising significantly, battery recycling has become another industry challenge, with analysts stating that government support is necessary to ensure recycling becomes an indispensable part on the EV industrial chain.

    By GT staff reporters | 2021/6/22 17:18:40
  • G7's infrastructure plan mostly for purpose of propaganda: analysts

    The G7's newly-hatched "Build Back Better World" (B3W) plan aims to help poor countries build up infrastructure and counter China-proposed Belt and Road Initiative (BRI).

    By GT staff reporters | 2021/6/21 19:08:39
  • Policy tightening for after-school tutoring

    China's after-school education institutions are anxiously waiting for further government instructions with many adjusting their business models to comply with policy changes, as the government's regulation of the lucrative industry continues.

    By Xie Jun | 2021/6/20 18:30:42
  • Cargo flight routes will expand

    In less than one week, a number of Chinese cities have witnessed the launch of international cargo routes.

    By GT staff reporters | 2021/6/17 19:13:39
  • One step closer to World Cup final tournament

    China secured a spot in the final round of FIFA World Cup Asian Qualifiers after beating Syria on Tuesday, which analysts said will give a boost to the country's rapidly developing football industry, although businesses involved in football are taking a wait-and-see approach.

    By GT staff reporters | 2021/6/16 19:08:40
  • Theme parks witnessing throngs of visitors in China

    With the COVID-19 pandemic battering the tourism industry throughout the globe, theme parks in particular, those located in the Chinese mainland have, however, witnessed the fastest recovery in the world.

    By Xie Jun and Chi Jingyi | 2021/6/15 19:44:01
  • Efforts made to regulate the livestreaming market in China

    A company related to Viya, China's millionaire livestream queen, was recently fined for violating advertising laws, sparking concerns over quality of products sold through livestreaming e-commerce platforms, and revealing what could be the tip of the iceberg for counterfeit products selling chains on livestreaming channels, a booming business valued at 193 billion yuan ($30 billion) in China.

    By Qi Xijia | 2021/6/8 17:43:40
  • Chinese wig producers run short of hair as pandemic hits Asian supply line

    Many Chinese wig producers are running short of raw material - genuine hair, which they used to import in large quantities from neighboring countries including India, but the surging coronavirus pandemic cut both production and transportation from those countries, industry insiders told the Global Times.

    By Xie Jun | 2021/6/1 17:55:53
  • Infant and elderly care shares surge after China allows couples to have third child

    Birth and elderly care shares surged on Monday after China announced to loosen birth restrictions and allow couples to have a third child in a bid to boostdwindling fertility rates and prevent future pressure on China's supply of labor.

    By Global Times | 2021/5/31 17:43:40
  • China-Pakistan Economic Corridor faces new opportunities to boost industrial cooperation

    Since being officially launched in 2015, the China-Pakistan Economic Corridor (CPEC), the Belt and Road Initiative's (BRI) flagship project, has begun to bear fruit. As the construction of the CPEC project has come into the new stage of promoting industry and industrial park cooperation, Pakistan is facing new opportunities to fast-track the development of its industries which can help it compete globally.

    By Liu Zongyi | 2021/5/31 17:18:40
  • East China's inland town Caoxian becomes second largest e-commerce cluster in the country

    When young people in Caoxian County, East China's Shangdong Province get married, some of them will inherit online stores from their parents as a wedding gift, a unique custom in the second largest e-commerce cluster in China.

    By Qi Xijia in Caoxian | 2021/5/30 18:21:59
  • Chinese airlines launch 'red tourism' services as CPC celebrates centenary

    "Red tourism" which refers traveling to historical sites with a modern revolutionary legacy, is gaining in popularity for domestic tourists. Seeing growing demand, Chinese airlines are making their efforts to launch more services to cater to a new market opportunity.

    By Global Times | 2021/5/27 17:53:39
  • Small inland Chinese county makes 90% of coffins in Japan

    Caoxian county, a little-known inland county in East China's Shandong Province has become China's latest internet fad built on making 90 percent of coffins sold in Japan.

    By Qi Xijia | 2021/5/26 17:53:42
  • Livestream e-commerce to continue reaping benefits in China

    When America's top influencer Kim Kardashian saw how fast popular Chinese livestreamer Viya sold 1,5000 bottles of perfume in 2019, the gap between the Chinese and US livestreaming e-commerce industry was brought into sharp relief.

    By Zhang Dan in Hangzhou | 2021/5/25 16:59:51
  • Specific plan, timetable needed to pursue green BRI projects with international cooperation: forum

    Coming to the eighth year since the Belt and Road Initiative (BRI) was proposed by China in 2013 with the aim to build a trade and infrastructure network connecting Asia with Europe, Africa and beyond, the master program has recorded significant achievements made via unremitting efforts, and it has embarked on a journey featured by green and sustainable development.

    By Global Times | 2021/5/24 17:59:36
  • Turning to be a piano hub, Luoshe of Zhejiang shines in home and overseas markets

    There is a small town in East China's Zhejiang Province where most villagers can not only play the piano but also make a good fortune by making pianos. The town accounts for one seventh of pianos made in China.

    By Qi Xijia in Deqing | 2021/5/23 16:18:39
  • More Chinese cities are mapping out cargo business

    For a long time, air cargo has been the business area of large cross-border logistics companies including FedEx and some airlines based on key air cargo hub airports, and most airlines have taken cargo a supplement to the passenger transport business.

    By Global Times | 2021/5/20 18:48:40
  • Single-aisle jets get more popular, as wide-body planes phased out amid COVID-19

    Since the outbreak of the COVID-19 epidemic, major airlines around the world have adjusted their operating models on a large scale. In recent days, many airlines announced new arrangements for their large wide-body passenger aircraft.

    By GT staff reporters | 2021/5/13 19:23:40
  • China's local infant formula brands rise to compete in an int'l arena

    Leading foreign private equity (PE) firms and Chinese home-grown infant formula brands are reportedly fighting for purchase of Reckitt Benckiser Group's infant-nutrition business in China, which reflects fierce competition in China's infant formula market and that local brands will likely usher in their golden era for growth.

    By GT staff reporters | 2021/5/12 18:18:40