A growing number of international observers believe that in this era of global turbulence, China has demonstrated through its actions that it is a trustworthy partner to build a better future with the world - a nation that represents certainty, future potential, and opportunities.

The US Trade Representative's so-called Section 301 investigation and related restrictions on China's maritime, logistics and shipbuilding sectors are expected to trigger a chain reaction that could worsen inflation in the US and threaten the fundamental stability of global supply chains.

The US government has grown accustomed to scapegoating other nations for its domestic problems, yet such tactics fail to address underlying structural issues. The current administration's irrational escalation of tariff policies will ultimately harm not only its own consumers and businesses but also the global economy.

John Davis, a media professional based in California, the US, warned that the trade war is hitting ordinary Americans hard. "Major media outlets are reporting panic buying at supermarkets, while car dealerships are even seeing a run on imported vehicles," Davis told the Global Times. “I just hope the US administration won't keep going further down this wrong path.”

At 4 pm in Beijing's CBD, Ye Ran, a 28-year-old office worker, quickly replied to emails while sipping bottled coffee and casually popping a small bag of ginseng slices into her mouth. "Working late is routine, but I still need to look after myself," Ye told the Global Times.

At this year's Boao Forum for Asia (BFA) Annual Conference in South China's Hainan Province, one topic has gained much attention: the high-quality development of the Belt and Road Initiative (BRI) - and its critical role in promoting regional and global development amid various challenges.

Warmer spring weather is driving growth in tourism and service markets, creating substantial opportunities for outdoor gear suppliers, the Global Times has learned.

A Chinese research team has developed a silicon photonic integrated high-order mode multiplexer chip, enabling ultra-high-capacity on-chip optical data transmission, the Global Times learned from Fudan University on Thursday.

China's autonomous driving start-up Pony.ai has officially launched its Robotaxi service connecting the Beijing South Railway Station with the Beijing Economic-Technological Development Area (BDA), according to the company on Thursday.

China's healthcare authority on Wednesday issued a pricing guideline for neural system care services, which specifically listed brain-computer interface (BCI) as an independent category, paving the way for the rapid clinical application of BCI technology in clinical use.

On a breezy Sunday afternoon along Shenzhen Bay, a sleek humanoid robot sporting metallic limbs and laser-focused sensors sprinted past joggers and cyclists, with its fluid strides mirroring a human athlete.

Recently, the International Electrotechnical Commission officially released the world's first international standard for elderly care robots, led by China. Some argue that with the standard's implementation, the era of "robotic elderly care" has arrived. During this year's two sessions, National People's Congress deputies and the Chinese People's Political Consultative Conference (CPPCC) members actively offered their suggestions for the development of this cutting-edge technology and the emerging industry.

China should establish undergraduate programs in brain-computer interface (BCI) at top universities and develop a multi-disciplinary BCI industry-education integration community to enhance long-term, integrated training for top-tier innovative talent in related fields, Ming Dong, a member of the Chinese People's Political Consultative Conference (CPPCC) National Committee and vice president of Tianjin University, told the Global Times on the sidelines of this year's two sessions.

Foreign chambers in China voiced their optimism for the potential and opportunities outlined in the Government Work Report submitted to the national legislature for deliberation on Wednesday. With the nation setting a GDP growth target of around 5 percent for 2025, the report reflects strong confidence in the stable development of the world's second-largest economy, despite increasing global uncertainties and challenges.

A netizen on people.cn posed the question: "I came across a set of data: China has been connected to the internet for over 30 years, with the number of internet users exceeding 1.1 billion, among which about 250 million are generative artificial intelligence (AI) users. What does this '250 million' mean?"

In the globally trending animated blockbuster Ne Zha 2, the jaw-dropping visuals, together with its seamless blend of story-telling, have captivated audiences worldwide. But there is an unseen force behind the visual feast - computing power, which plays a crucial role in the film's artistically visual effects.

China's GDP grew by 5 percent in 2024, surpassing 130 trillion yuan ($17.82 trillion) for the first time, successfully achieving pre-set key economic and social development goals.

India's reported plan to impose temporary tariffs against imports of Chinese steel reveal of the lack competitiveness in India's own steel industry and will be counterproductive to India's domestic development, a Chinese expert said on Thursday.

Despite a complex international environment, foreign financial institutions have kept on increasing their investment in Chinese market in 2024, eyeing huge dividends brought about by the country's long-term development potential. At the critical moment for promoting high-quality economic growth, a series of important meetings and pro-growth policies set the direction for the reform and opening-up. This article is one of a series looking back at China's economic work this year and also sheds light on domestic consumption.

Tunisia embraces free trade and open market and oppose trade protectionism, and it values China's open economy for sharing global opportunities, Tunisian Ambassador to China Adel Elarbi told the Global Times in a recent exclusive interview.

China has become a global forerunner in terms of robot density, overtaking Germany and Japan to occupy the No.3 spot globally in the rankings of the use of robots in industry last year, according to an annual report released by the International Federation of Robotics (IFR). The report underscored the growing competitiveness of China's industrial robot sector that is buoyed by tech innovation, massive manufacturing market and policy boost.

Recently, two sets of freshly-released data about "China Cars" underscore the latest achievements of China's reform and opening-up.

Now China has entered November. Noting that the year 2024 will end in less than two months, Chinese President Xi Jinping stressed the need to push forward with various work, especially the economic work, in an effective and solid manner, so as to deliver on the economic and social development goals for the whole year.

The 7th China International Import Expo (CIIE), scheduled to be held in Shanghai from November 5 to 10, has entered the home stretch.

In Northern Cape, South Africa, the 100-megawatt Redstone concentrated solar thermal power plant, one of the largest renewable energy projects in the country built by a Chinese company, was successfully connected to the grid in mid-September.

Whenever you spot a big crowd of global buyers gathering at a booth in the Canton Fair complex, it's clear that high-tech, high-value-added products, such as industrial automation equipment, humanoid robots, intelligent bionic hands and hydrogen bicycles, are showcased by Chinese exhibitors.

Seventy years ago, a group of far-sighted British, represented by Jack Perry Senior, broke the ice and opened the door to developing China-UK trade, paving the way for enduring friendly exchanges. Over the decades, the "icebreaking" spirit carries on and contributes to fostering broad connections between the two countries. At the critical moment for China-UK relations, Global Times reporter Ma Jingjing (GT) interviewed Jack Perry Junior (Perry), chairman of the 48 Group Club and CEO of London Export Corp to seek his insight on China's economic development and improving China-UK relations. The interview was conducted during the Financial Street Forum 2024 held in Beijing from Friday to Sunday.

This year is the first year following the expansion of BRICS, and the first post-expansion summit will be held in Kazan, Russia, from October 22 to 24. Concurrently with the summit, the new payment system BRICS Pay has drawn attention, highlighting the strengthening of economic and trade ties among BRICS countries.

As drones are increasingly becoming more common in daily life, new drone-related jobs are continuously emerging, such as drone assembly engineers, maintenance technicians and drone pilots. Particularly with the rise of the low-altitude economy in China, demand for talent is growing rapidly.

October 1 marks the 75th anniversary of the founding of the People's Republic of China (PRC). According to industry insiders, the rapid rollout of Hualong One, China's homegrown nuclear reactor, is indicative of the profound transformation of China's energy development in the past decades.

This year marks the 11th anniversary of the China-proposed Belt and Road Initiative. During the first Belt and Road Forum for International Cooperation (BRF) in May 2017, China announced that it launched the Belt and Road Science, Technology, and Innovation Cooperation Action Plan, which consists of Joint Laboratory Initiative and the Science Park Cooperation Initiative and the Technology Transfer Initiative, among others.

The China-Europe freight trains now pass daily through Alashankou Port in Northwest China's Xinjiang Uygur Autonomous Region, becoming the new “steel camels” of the China-proposed Belt and Road Initiative (BRI), a modern evolution that takes on and carries forward the spirit of the ancient Silk Roads that originated 2,000 years ago.

During the just-concluded China International Fair for Trade in Services, an alliance for global services providers was officially initiated in the Hainan Free Trade Port (FTP) to share new opportunities for building the Hainan FTP with professional services providers.

Chongqing Municipality in Southwest China has transformed urban landscapes, rivers, and mountain cliffs into giant "screens" that project cultural stories on both sides of the Yangtze River using cutting-edge naked-eye 3D technology, creating an unforgettable immersive night tour.

"Three, two, one, get (Rwanda coffee) on the cart! Sold out!" Back in May 2020, James Kimonyo, Rwandan Ambassador to China, joined an online livestreaming event on e-commerce platform Taobao, during which he sold nearly 1.5 tons of Rwanda coffee beans in just a few seconds, before even finishing an introduction to the products. This amount is equivalent to Rwanda's total coffee bean sales from the previous year.

From selling stones to selling scenery, Yucun, a former small mining village in Anji county, East China's Zhejiang Province, has transformed from a polluting miner to an environmental steward.

The eagerness of Yiwu business vendors in learning foreign languages and doing their trades reflects the resilience of Chinese foreign trade in the face of complex external environment, analysts noted.

Yin Jifu is a senior engineer with the National Engineering Research Center of Dredging Technology and Equipment under the state-owned construction giant China Communications Construction Company (CCCC).

The recent suspension by American company OpenAI of its application programming interface access to users from China and other areas has caused concerns about the accessibility of cutting-edge artificial intelligence (AI) models.

Workers brave the heat at an intake site for the Yangtze-to-Hanjiang Water Diversion Project in Yichang, Central China's Hubei Province on August 15, 2024. This 194.7-kilometer project, which channels water from the Yangtze River to the Hanjiang River, aims to enhance the Hanjiang Basin's water resource management, and it's a key aspect of developing the national water network. Photo: VCG

Chinese analysts believe that such dissections, which are common practices in the industry, reflect a genuine recognition of China's automotive manufacturing capabilities. While foreign manufacturers can produce similar EVs, they cannot replicate China's scale and industrial ecosystem.

A comment by the EU trade chief on EU members' likely readiness to back tariffs on imports of Chinese electric vehicles (EVs) is a typical rhetorical tactic to ramp up pressure on EU members, and it's also an attempt by the European Commission (EC) to show a tough and consistent stance on the issue, observers said, amid ongoing negotiations between the Chinese and EU sides over the EV tariff dispute.

Chinese regulatory authorities have recently introduced a series of policy documents and reform measures to improve the capital market regulatory system, comprehensively deepen capital market reform, and promote high-quality market development. These measures, when implemented together, are expected to increase the investment value of the market and boost confidence among investors.

The Resolution of the Central Committee of the Communist Party of China (CPC) on Further Deepening Reform Comprehensively to Advance Chinese Modernization, recently adopted at the third plenary session of the 20th CPC Central Committee, has made an important commitment to developing a financial system for scientific and technological innovation to provide greater support for major national science and technology programs and sci-tech small and medium-sized enterprises (SMEs).

The Third Plenum of the 20th the Communist Party of China (CPC) Central Committee, convened in July, said that the government will take multiple measures to support the job market.

China's elderly care sector is ushering in an era of accelerated development empowered by artificial intelligence (AI) innovations, with a variety of "AI + elderly care" solutions such as nursing robots, smartphones for seniors and other assisting digital technologies being increasingly adopted to provide better services at affordable prices for seniors.

China-Africa cooperation has been continuously advancing in the digital sector covering a wide range of industries from infrastructure to e-commerce, bolstered by swiftly developing technologies, African officials and business representatives told the Global Times on the sidelines of the Forum on China-Africa Digital Cooperation held by the Ministry of Industry and Information Technology on Monday.

Chinese technology companies are showcasing their cutting-edge artificial intelligence (AI) products to the world at the Paris Olympic Games, a move that has gained wide recognition, the Global Times learned from companies on Sunday.

Chinese poultry industry is expected to see more positive outcomes rather than any negative impact from a recent suspension of poultry exports announced by Brazil, Chinese industry analysts and insiders said on Monday, indicating the latest change on the supply side is expected to boost domestic supply and shore up a weak market.

The US Senate Armed Service Committee has reportedly released the National Defense Authorization Act (NDAA) in which it held off demands to ban Chinese DJI drones from accessing the US market, which experts said on Tuesday once again demonstrates the resilient demand for Chinese advanced products despite decoupling attempts.

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

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

China's average first-half surveyed urban unemployment rate was 5.1 percent, down 0.2 percentage points year-on-year, indicating an improvement in the job market amid the overall economic recovery and support policies, official data showed on Monday.

China has proposed to the World Trade Organization (WTO) the establishment of an expert panel regarding a dispute over new-energy vehicle (NEV) subsidies and other measures under the US Inflation Reduction Act (IRA), as the US has failed to reach a solution through consultations with China, a spokesperson of the Ministry of Commerce (MOFCOM) said on Monday.

The EU should listen more to internal voices within the bloc before announcing any decision to impose additional tariffs on Chinese electric vehicles (EVs), Chinese experts said on Sunday, as EU member states are reportedly set to vote on Monday on the trade matter.

The rise of thermal mug original equipment manufacturers (OEM) for foreign brands in East China's Zhejiang Province and South China's Guangdong Province has led to the formation of thriving industrial clusters.

More than half of the surveyed Japanese companies in China consider China to be one of the most important markets in view of the development of the second largest economy, according to a survey released by the Japanese Chamber of Commerce and Industry in China on Wednesday, indicating the remaining importance that Japanese businesses attached to the Chinese market, despite external uncertainties.

China's semiconductor sales jumped 24.2 percent year-on-year in May, according to data from the US-based Semiconductor Industry Association (SIA). Chinese experts said on Monday that the data again show that China has formed a mature chip processing industry based on the country's huge demand from the downstream industry.

Amid the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) in Astana, Kazakhstan, the Global Times reporters Li Xuanmin and Xing Xiaojing (GT)interviewed Aliya Mussabekova (Mussabekova), chief expert at the Asian Studies Department at Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan, and Maryam Agharabi (Agharabi), research coordinator at China & Central Asia Studies Center (CCASC) in Kazakhstan.

Amid the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) in Astana, Kazakhstan, the Global Times reporters Li Xuanmin and Xing Xiaojing (GT) interviewed Aliya Mussabekova (Mussabekova), chief expert at the Asian Studies Department at Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan, and Maryam Agharabi (Agharabi), research coordinator at China & Central Asia Studies Center (CCASC) in Kazakhstan.

Chinese inventors have filed the highest number of patents related to generative artificial intelligence (AI) over the past decade, surpassing the US, South Korea, Japan and India by a significant margin, a report released by the World Intellectual Property Organization (WIPO) on Wednesday showed.

China and Switzerland have inked a memorandum of understanding (MOU) and agreed to formally launch negotiations to upgrade the bilateral free trade agreement (FTA), the Chinese Ministry of Commerce (MOFCOM) announced on Tuesday. This marks another major step in further boosting bilateral economic and trade cooperation.

Regional development has been a priority under the Shanghai Cooperation Organisation (SCO) framework and the China-proposed Belt and Road Initiative (BRI). Central Asia has been transforming from a "landlocked" region to a transportation hub in Eurasia, witnessing great improvement in internal connectivity while also integrating itself more seamlessly into the global economic and logistics chain, Chinese company representatives and scholars from Central Asia said.

As the world closely watches the EU's additional tariff move on Chinese electric vehicles (EVs), another "arrow of trade protectionism" shot by the EU toward China continues to unleash its destructive power.

Ahead of the highly anticipated visits, Global Times reporters (GT) interviewed Zhang Xiao (Zhang), Chinese Ambassador to Kazakhstan. Zhang said that since its founding 23 years ago, the SCO has significantly contributed to regional security, stability, and prosperity. At the upcoming Astana Summit, member state leaders will reinforce the "Shanghai Spirit," featured by mutual trust, mutual benefit, equality, consultation, respect for diverse civilizations and pursuit of common development, to establish a shared future community within the SCO.

The 24th meeting of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) will take place in Astana, Kazakhstan in early July. Ahead of the SCO summit, Global Times reporters Li Xuanmin and Xing Xiaojing (GT) conducted an exclusive interview with Gulnar Shaimergenova (Shaimergenova), director of the China Studies Center in Kazakhstan, who during the interview highlighted the extensive role China plays in facilitating regional cooperation and economic integration. Shaimergenova was present when the concept of BRI was first put forward in Kazakhstan in 2013. During the interview, Shaimergenova shared her insights on how the initiative has opened up new opportunities of economic interaction and partnership, rising trade and prosperity in the region.

As the Chinese economy faced some challenges in recent years, some Western officials and media pundits have stepped up their smear campaign against China. They cherry-pick information and distort facts to hype their narratives such as "Peak China," but they always turn a blind eye to China's economic resilience and development potential. In order to set the record straight, the Global Times is launching a multimedia project, including in-depth articles, objective analysis and visual arts, to present a comprehensive and true picture of Chinese economy. This is the seventh installation of the series.

China's photovoltaic (PV) industry has made a great contribution to the world's low carbon development, and protectionism will only pose a burden on green transition costs, Chinese PV enterprises said on Wednesday on the sidelines of the 15th Annual Meeting of the New Champions, also known as the Summer Davos.

In the middle of the Gobi Desert in Hami, Northwest China's Xinjiang Uygur Autonomous Region, rows of large mirrors sparkle like diamonds under the dazzling sunlight, resembling a scene from a sci-fi film. But these mirrors are not for viewing. They are installed to turn the sunlight into an endless supply of clean energy.

As the Chinese economy faced some challenges in recent years, some Western officials and media pundits have stepped up their smear campaign against China. They cherry-pick information and distort facts to hype their narratives such as "Peak China," but they always turn a blind eye to China's economic resilience and development potential. In order to set the record straight, the Global Times is launching a multimedia project, including in-depth articles, objective analysis and visual arts, to present a comprehensive and true picture of the economy. This is the sixth installation of the series.

Confidence among Chinese electric vehicle (EV) companies has been severely undermined following the EU's unilateral decision to impose anti-subsidy tariffs targeting Chinese EV, a report released by a Chinese business representative group in the EU revealed, underscoring the regrettable impact the bloc's protectionist behavior has brought against normal business activities as well as bilateral economic and trade relations.

Malaysia has consistently advocated for China's participation in regional dialogue and cooperation platforms. This was evident when China first proposed the Belt and Road Initiative (BRI), and Malaysia supported the policy and welcomed deeper cooperation among countries participating in the initiative, Unny Sankar Ravi Sankar, minister of Economic Affairs of the Malaysian Embassy in Beijing told the Global Times in an exclusive interview.

More Chinese brands are stepping onto the sponsorship field by rolling out and promoting their products during this year's UEFA European Championship, or Euro 2024, which runs from June 14 to July 14 in Germany.

China's State Taxation Administration (STA) said on Tuesday that it does not conduct national and concentrated investigations of companies, nor there is any plan for a probe reaching back 20 or 30 years. It stressed that some publicly listed companies being asked to pay overdue taxes is just a form of normal taxation enforcement, in line with laws and regulations.

A large mining mill, manufactured by Northern Heavy Industries Group Co, rolls off the production line after engineering debugging at an industrial park in Shenyang, Northeast China's Liaoning Province on June 17, 2024. The equipment is being dismantled and packaged for shipment to the State of Eritrea in Africa. The completion of the large gear marks another significant achievement by the Chinese company in support of development of the Belt and Road Initiative. Photo: VCG

Perth has solidified its economic ties with China, and the cooperation will get stronger in the future, city mayor Lord Basil Zempilas, told the Global Times in an exclusive interview, as Chinese Premier Li Qiang has started his official visit to Australia on Saturday.

When you place an order on popular e-commerce platforms, farmers in Zigui county, Yichang, Central China's Hubei Province, swiftly pick navel oranges from the trees in their orchards and use drones to transport them to a nearby highway collection point.

Turkey's recent decision to impose an additional 40-percent tariff on vehicles imported from China is "unlikely to have a substantial impact" on Chinese auto industry, Cui Dongshu, secretary-general of the China Passenger Car Association, told the Global Times on Tuesday.

The wholesale prices of freshly imported salmon have notably declined in the Chinese market. Experts and media reports attribute this to various factors, including ongoing weak global demand, particularly in major consuming markets like the US.

Nicaragua, a Central America country, is benefiting from strengthening economic and trade relations with China. According to statistics from China's General Administration of Customs, the bilateral trade volume between China and Nicaragua reached $850 million in 2023, marking a 13.5 percent year-on-year increase, reflecting the continuous improvement of the economic and trade relations between the two countries.

The joint declaration of the 9th China-Japan-ROK Trilateral Summit Meeting stated that the joint efforts of the three countries in the economic and trade field play an important role in the prosperity and stability of the regional and global economies. Business leaders from Japan and South Korea in China said that they attach increasing importance to the Chinese market and anticipate the meeting will inject new impetus into future cooperation among the three countries.

China's Ministry of Commerce (MOFCOM), the General Administration of Customs and the Equipment Development Department of the Central Military Commission issued a joint notice on Thursday, announcing export controls on certain equipment, software and technologies in key sectors ranging from aerospace to shipbuilding that matter to national security.

The final steel girder of the main channel bridge of the Changtai Yangtze River Bridge, which connects the cities of Changzhou and Taixing in East China's Jiangsu Province, fits in place on May 29, 2024. It is the world's longest span cable-stayed bridge with a main span of 388 meters. After 16 months of construction, the highway-railway dual-purpose bridge is expected to achieve full closure in early June. Photo: VCG

An advertisement for national bonds is displayed inside a bank in Hai'an city, Nantong, East China's Jiangsu Province on May 24, 2024. A total of 40-billion-yuan ($5.63 billion) worth of 20-year ultra-long-term special government bonds are being issued as part of a massive 1-trillion-yuan planned sale of such bonds. The issuance is an important part of this year's proactive fiscal policies. Photo: VCG

Amid growing global challenges, the upcoming trilateral summit between China, Japan, and South Korea holds great importance for bolstering trilateral economic cooperation, Park Seung Chan, chairman of The Federation of Korea-China said in an exclusive interview with the Global Times, highlighting the top-level meeting as a chance to pave the way for more business potential and economic engagements.

China's homegrown BeiDou Navigation Satellite System (BDS), has been deployed in massive applications in various fields with daily average usage exceeding 600 billion times in 2023, according to an industrial report over the weekend.

As China's new-energy industries rise to global prominence, US officials have started a smear campaign based on false "overcapacity" claims. The rise of China's new-energy industries is due to innovation, rather than subsidies, and is beneficial for the world, instead of posing threats to other countries. To illustrate this, the Global Times is publishing a multi-part series under the theme of "New Energy, New Opportunities." This story focuses on how the Chinese electric vehicles (EV) industry draws its competitiveness from competition, debunking the groundless narrative that the Chinese EV industry's strengths came from government subsidies.

A track-laying machine made a rumbling sound as concrete sleepers are placed on the roadbed. Two-hundred-meter-long rails extend and fall steadily onto the sleepers through a mix of manual labor and high-tech machinery.

Peru and China are pursuing green transformation and high-quality development. In this regard, there are many opportunities for enhanced collaboration in the green economy, Peruvian Foreign Minister Javier González-Olaechea Franco told the Global Times in an exclusive interview.

After China's economy mounted an impressive start to the year, global attention has now shifted to what China plans to do to sustain the great momentum in the recovery of the world's second-largest economy for the rest of the year.

Azerbaijan has been one of the earliest and most active respondents and participants of the China-proposed Belt and Road Initiative (BRI), having actively engaged in a wide range of investments and projects. As bilateral relations between China and Azerbaijan have reached an unprecedented level, advancements within the new-energy vehicle (NEV) industry and the China-Europe freight train sector are viewed as two main highlights in the bilateral cooperation. In a recent exclusive interview with Global Times (GT) reporter Yin Yeping, the Ambassador of Azerbaijan to China, Bunyad Huseynov (Huseynov), conveyed his aspirations to deepen ties with China within the framework of BRI cooperation for mutual benefits.

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

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

There is a clear contradiction in the Western slander and disparaging of the Chinese economy. On one hand, they hype unnecessary concern and even slander toward China's rapid development in industries such as new-energy vehicles, solar cells and lithium-ion battery products. On the other hand, they concoct new narratives to disparage the Chinese economy, such as the "China peak" rhetoric.

Some Western media and institutions have been constantly hyping the narrative that "China is experiencing deflation" in an attempt to undermine the Chinese economy and mislead the public. However, considering the actual situation of Western economies, the effectiveness of this smear campaign to mislead the public's cognition of the Chinese economy is likely to be diminished.

​Chinese manufacturers have responded strongly to EU's escalated protectionist move targeting new energy-related products, including the latter's probe into Chinese wind turbines and a solar panel project, warning that such actions are disturbing and will backfire.

US credit ratings agency Fitch's decision to downgrade China's sovereign credit rating outlook from stable to negative - which came shortly after US Treasury Secretary Janet Yellen's recent visit to China during which she complained about the country's "overcapacity" - is politically biased and intellectually fraught. They simply cannot comprehend the shift that Chinese authorities are now executing, namely toward more high-quality and high-tech growth.

​In September 2020, China set ambitious goals to achieve “peak carbon” emissions by 2030 and strive for “carbon neutrality” by 2060, marking a monumental step in the global shift toward sustainability. This decisive action has not only galvanized state institutions, bolstered business confidence, and elevated public expectations, but also marked a pivotal policy for expanding and accelerating green development efforts worldwide.

Multiple Chinese academic institutes on Tuesday unveiled an upgraded version of the model law on artificial intelligence (AI), which added details focusing on open source AI and intellectual property (IP) protection.

The EU is reportedly set to launch a probe into Chinese medical device procurement. Experts and industry insiders anticipate that this move, which comes after recent EU actions targeting China's wind turbines and electric vehicles, will escalate bilateral economic tensions, affecting the normal business development of Chinese companies within the bloc.