Insight
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.
By Global Times | 2024/5/19 20:50:41
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  • Driving a prosperous world: Chinese NEV manufacturers create jobs, improve people's livelihood overseas

    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.

    By GT staff reporters | 2024/5/9 18:39:09
  • Closer partnership between China, Serbia, Hungary to bear more fruits, creating many shared benefits

    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.

    By GT staff reporters | 2024/5/9 18:34:19
  • Global demand for NEVs far exceeds current production capacity, Peruvian FM says, defying 'overcapacity' rhetoric

    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.

    By Yin Yeping | 2024/5/9 0:07:32
  • After a solid start in Q1, China eyes strengthened economic recovery

    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.

    By Wang Cong | 2024/5/7 19:53:22
  • China-proposed BRI builds bridges, not walls, demonstrating cooperation, openness needed for global development: envoy

    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.

    By Yin Yeping | 2024/4/28 20:18:29
  • Sustained economic recovery underpins stable employment in China

    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.

    By Qu Yue | 2024/4/25 19:49:27
  • Real estate sector could face a bright future as new development model emerges

    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.

    By Li Chao | 2024/4/25 19:42:38
  • Urban agglomerations demonstrate resilience of 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.

    By Lu Angdi | 2024/4/23 22:52:22
  • China's economic growth, prices level to remain stable amid quality improvement

    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.

    By Zhang Yansheng | 2024/4/23 22:44:06
  • EU's protectionist moves against Chinese new energy companies will erode market confidence: chamber

    ​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.

    By Global Times | 2024/4/23 11:38:45
  • Fitch's move of cutting China's credit outlook is politically biased, intellectually fraught

    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.

    By Radhika Desai | 2024/4/22 22:09:09
  • The secret of China's success in fierce domestic competition

    ​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.

    By Djoomart Otorbaev | 2024/4/22 22:02:39
  • China issues upgraded AI model law, eyeing open source and IP protection

    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.

    By Global Times | 2024/4/16 22:01:24
  • EU reportedly mulls probe of China's medical device procurement, sparks concern for potential impact on businesses

    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.

    By Global Times | 2024/4/16 21:52:55
  • China's new quality productive forces provide opportunities to world, making high-tech more affordable

    A large number of foreign buyers were attracted by an intelligent forklift automated guided vehicle (AGV), stopping to watch and take photos and videos, upon entering the exhibition hall of intelligent automation and intelligent manufacturing at the ongoing 135th session of the Canton Fair.

    By Chi Jingyi in Guangzhou | 2024/4/16 21:46:11
  • Canton Fair facilitates, improves payment options for foreign attendees

    "I was informed of several ways to change money by staffers at the airport. They also taught me how to make mobile payments through Alipay. I can't wait to experience digital payments," Sophie, a first-time Canton Fair purchaser from Germany, told the Global Times on Sunday at Guangzhou Baiyun International Airport in South China's Guangdong Province.

    By Chi Jingyi in Guangzhou | 2024/4/14 22:20:41
  • China's spring hiring fairs boost employment, target broader industrial spectrum

    China's Ministry of Human Resources and Social Security has concluded its three-month spring recruitment campaign, distributing more than 6.6 billion yuan ($930 million) in subsidies, showing the government's latest efforts for supporting employment.

    By Feng Fan | 2024/4/14 22:17:15
  • Closer collaboration between China, Micronesia sees progress in agriculture, infrastructure, tourism and green technology

    In November 2018, China and Micronesia signed a Memorandum of Understanding under the Belt and Road cooperation framework, embarking on a new chapter of deepening cooperation. In recent years, the two countries have reaped a number of fruitful achievements under the Belt and Road Initiative (BRI), in sectors including agriculture, economy and trade as well as climate cooperation.

    By Liu Yang and Tao Mingyang | 2024/4/11 19:39:08
  • West's 'overcapacity' hype aimed at checking growth of China's emerging industries: analysts

    Since the beginning of 2024, a number of Western governments and media outlets have been hyping the so-called “overcapacity” of Chinese new-energy production, claiming it as a matter of great concern for them. By spinning the “overcapacity” narrative, the West has moved to apply trade restrictive measures on Chinese-made EVs, lithium batteries, solar products, in an attempt to protect its own uncompetitive industries, Chinese industry insiders said, noting that such overt schemes are detriment to global climate control efforts.

    By Chu Daye | 2024/4/11 14:40:44
  • South Korean visitors in China surge 909% year-on-year in January as inbound tourism rebounds

    South Korean tourist arrivals in China rose more than nine times year-on-year in January, data released by the South Korean authorities showed, indicating a clear recovery in inbound tourism in the post-pandemic era, according to media reports.

    By Global Times | 2024/4/9 23:55:12
  • Yellen's dining choices in China aim to show friendly image, but sincerity needed to stabilize economic ties

    US Treasury Secretary Janet Yellen is well known in China for her high-profile posting within the US government, including as a former head of the US Federal Reserve. But in her last two visits to China, her choices of different types of Chinese food - and her proficiency in chopsticks made headlines both in China and abroad.

    By Wang Cong | 2024/4/8 21:26:06
  • With Xiaomi SU7 jumping to foray, customers are all smiles to embrace lower EV prices

    On Sunday morning, the Global Times visited a Xiaomi store at a Beijing shopping mall. Despite it being the first working day after the Qingming Festival, there was a steady flow of vehement customers inquiring and trying out Xiaomi's first electric vehicle (EV) model SU7.

    By Qi Xijia in Shanghai and Ma Tong in Beijing | 2024/4/7 20:39:32
  • Foreign institutions step up presence in China amid continued opening-up

    Global leading financial institutions,including Neuberger Berman and Fidelity International, have announced moves to increase their registered capital or set up branches in China recently, highlighting their confidence in the future of the Chinese economy as well as vast opportunities the market creates for foreign financial players.

    By Ma Jingjing | 2024/3/27 18:14:03
  • Foreign financial institutions eye opportunities in China as nation committed to high-level opening-up

    Despite the complex and volatile international environment, foreign financial institutions continued to increase their investment in China since the beginning of 2024, representing a vote of confidence in the prospects of the Chinese economy and eyeing more opportunities brought about by the country's high-level opening-up.

    By GT staff reporters | 2024/3/26 19:18:22
  • US business executives flock to China, defying Washington's call for 'decoupling'

    During his closely watched trip to China, Apple CEO Tim Cook notably did not mince words when talking about the critical role China plays for the US tech giant.

    By GT staff reporters | 2024/3/25 17:18:42
  • Digital economy, green economy new impetus for China's economy: veteran Japanese economist

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

    By Chen Qingqing and Bai Yunyi | 2024/3/24 17:53:30
  • China's economy is not experiencing Japan-style 'balance sheet recession'

    Since the outbreak of the COVID-19 pandemic, the pressure on the real estate market and fluctuations in the stock market have caused asset-side shocks, resulting in adjustments to the balance sheets of various sectors of China's real economy. This has, to some extent, restrained the expansion of total demand and hindered the economic recovery.

    By Zhang Xiaojing | 2024/3/19 22:04:42
  • Significant potential remains in China's economic growth and tech advancements

    Currently, some observers assert that China's economic growth has peaked, drawing parallels to Japan's situation in the 1990s. This implies that China may face a 30-year stagnation, potentially missing the opportunity to surpass the size of the US economy. However, this perspective is a misconception, as it interprets China's cyclical adjustments as indicative of a long-term economic downturn.

    By Yao Yang | 2024/3/19 19:58:26
  • US uses carrots and sticks on allies, in attempt to contain China

    In his State of the Union Address delivered on March 7, US President Joe Biden touted that "I've revitalized our partnerships and alliances in the Pacific," as he appears to be taking a victory lap for his China policy.

    By GT staff reporters | 2024/3/18 20:58:38
  • Northbound travel from HK, Macao to Chinese mainland popular, convenient as one-hour living circle within GBA realized

    The northbound travel program took effect on January 1, 2023 for Macao. This program is one of the important measures taken by the central government to support the development of Hong Kong and Macao and promote the construction of the GBA.

    By GT staff reporters | 2024/3/11 20:23:08
  • China won't 'grow old before getting rich' as constant tech innovations drive economic growth: Justin Lin Yifu

    China's Government Work Report has set a GDP growth target of around 5 percent for 2024. Considering the international and domestic economic conditions, with a potential annual growth rate of 8 percent, it is entirely possible for China to achieve an economic growth rate of above 5 percent.

    By Justin Lin Yifu | 2024/3/10 17:34:22
  • Taking group photo

    Members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) pose for a group photo after the second plenary meeting of the second session of the 14th National Committee of the CPPCC was held at the Great Hall of the People in Beijing on March 7, 2024. Photo: cnsphoto

    By Global Times | 2024/3/7 22:55:28
  • CPPCC members highlight tech innovation, seed revitalization to ensure food security as China eyes more than 650m-ton grain output in 2024

    Food security is one of the core issues being discussed during the annual two sessions in China, with political advisors in the agriculture sector emphasizing the need for technology innovation and seed revitalization to ensure stable food supplies.

    By Li Xuanmin and Qi Xijia | 2024/3/7 22:35:17
  • AI, robotics, quantum computing in focus as China strives to develop new quality productive forces

    Developing new quality productive forces has become a major theme in China's policymaking since it was first put forward by Chinese President Xi Jinping in September 2023. It is also listed as a priority for this year's economic tasks outlined in the Government Work Report delivered to the ongoing two sessions in Beijing.

    By GT staff reporters | 2024/3/7 16:24:19
  • Private aerospace firms inspired by Government Work Report, pledge to foster new quality productive forces

    China's commercial aerospace enterprises were inspired as the Government Work Report vowed to step up the development of commercial spaceflight to foster new growth engines.

    By Tao Mingyang and Chu Daye | 2024/3/7 0:06:13
  • Exclusive: Chinese mainland, HKSAR to deepen cooperation to create more new growth drivers: national political advisor from HK

    The economy in the Hong Kong Special Administrative Region (HKSAR) is recovering and growing, and it's expected to continue expanding this year, as the region further taps its role as a "super connector" between the Chinese mainland and the world, and as the integration of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) further gears up, Kingsley Wong Kwok, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council, told the Global Times on Wednesday.

    By Li Xuanmin and Chen Zishuai | 2024/3/6 23:56:51
  • More than half of the world's manned deep-sea diving missions done by Chinese submersibles: CPPCC member

    More than half of the world's manned deep diving missions have been completed by China's three deep-sea manned submersibles, Jiaolong, Shenhai Yongshi (Deep Sea Warrior) and Fendouzhe (Striver) during the past three years, Ye Cong, member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chief designer of Fendouzhe, said on Monday.

    By Yin Yeping and Li Xuanmin | 2024/3/4 18:05:07
  • 'Price war' continues among Chinese NEV makers as 2024 key to define players' future: analysts

    The "price war" among automakers in China that started in early 2023 has shown no signs of abating. Particularly in the new-energy vehicle (NEV) sector, both traditional and emerging players keep cutting prices or launching limited-time promotions, tactics that analysts anticipate will persist throughout the year.

    By GT staff reporters | 2024/3/3 21:14:58
  • China-Europe freight train service in great demand during Spring Festival holidays

    A China-Europe freight train, loaded with new-energy vehicles manufactured in China, sounded its horn as it slowly departed from Xi'an International Port Station in Shaanxi Province, Northwest China, bound for Europe.

    By Yin Yeping and Tao Mingyang | 2024/2/29 18:14:42
  • World's first inter-city electric air-taxi conducts demonstration flight in Guangdong

    Autoflight, a domestic pioneer in electric vertical take-off and landing aircraft (eVOTL), has conducted what it says the world's first inter-city electric air-taxi demonstration flight in South China's Guangdong Province.

    By Zhang Weilan | 2024/2/29 23:21:00
  • US urged to drop 'small yard, high fence' mentality on 6G development

    The US government, together with its allies, has released a joint statement on endorsing 6G principles under the name of national security, a move that Chinese experts said reflects the White House's latest attempts to compete with China in the telecommunication sector.

    By GT staff reporters | 2024/2/28 23:14:51
  • Japan still needs time to fully emerge from its 'Lost 30 Years': Richard Koo

    Editor's Note: The bursting of the Japanese economic bubble in the 1990s remains a hot topic of discussion in the field of economics. Among economists who study related issues, Richard Koo, the chief economist of the Nomura Research Institute in Japan and author of Pursued Economy: Understanding and Overcoming the Challenging New Realities for Advanced Economies, has attracted considerable attention for his theory of "balance sheet recession" and concept of "pursued economy."

    By Zhao Juecheng and Yang Shasha | 2024/2/26 22:58:56
  • Now it's time to phase in market-oriented, law-based, internationalized oversight system to guide China's stock market growth: scholar

    On the first working day after the Spring Festival, China Securities Regulatory Commission held more than 10 back-to-back meetings with a wide range of market participants to solicit suggestions on equity market regulation, risk prevention and high-quality development. Tian Xuan, vice president of the Tsinghua University PBC School of Finance, attended the discussions. He said participants interacted enthusiastically at the panels.

    By Tian Xuan | 2024/2/25 19:33:39
  • China, US in talks to ease countries' debt; experts said the move could lead to a new breakthrough in cooperation

    China and the US have maintained communication through bilateral and multilateral channels on debt issues, and China is willing to work with all sides to continue making efforts to ease the debt of developing countries, Mao Ning, spokesperson of the Ministry of Foreign Affairs of China, said on Friday.

    By Yin Yeping | 2024/2/24 0:13:56
  • China and Brazil highly complementary in boosting agricultural productivity, competitiveness: business representative

    China will play an important role in the key sectors such as logistics in helping Brazil to increase its agricultural productivity and competitiveness, Henry Osvald, president of the Brazilian Association for Industry, Commerce and Innovation in China (BraCham), told the Global Times, extending his expectations for deepening cooperation between the world's two agricultural powers.

    By Yin Yeping | 2024/2/23 17:06:09
  • Chinese skirt Mamianqun ignites fashion craze among young people, fueling new consumption momentum

    Wearing new clothes is a traditional Chinese custom for celebrating the Lunar New Year. During the just-ended Spring Festival holidays, the traditional skirt mamianqun, literally meaning "horse-face skirt," has become a favorite chic of the younger generation as the "New Year gala attire."

    By Zhang Weilan and Song Lin | 2024/2/21 21:00:11
  • Electric tricycles now welcomed in overseas market, as non-stop innovation continues to drive China's manufacturing

    Not long ago, a blogger living in the US spent $600 to purchase a Chinese-made electric tricycle as a Christmas gift for her father-in-law. After they took it out on the road with delicate decorations, this particular vehicle, commonly seen in China's rural areas, attracted the attention of many locals.

    By GT staff reporters | 2024/2/19 21:20:59
  • Hometown witness: Zhengzhou Putian Railway Station now bustling on the back of rising commodities trade with Europe

    At the Zhengzhou Putian Railway Station, Central China's Henan Province, containers full with goods ranging from industrial spare parts to daily commodities, are waiting to be loaded to trains. Many of them will be shipped to European countries thousands of kilometers away.

    By Feng Fan in Zhengzhou | 2024/2/18 20:36:06
  • Beijing-Tianjin-Hebei region drives coordinated development, advances infrastructure, economic growth

    A decade after the proposal for coordinated development across the Beijing-Tianjin-Hebei region, the national strategy has made significant progress in various sectors, particularly in the construction of new infrastructure.

    By Zhang Weilan in Xiong'an and Xiong Xinyi in Beijing | 2024/2/5 21:24:21
  • New Dynamics in New Year: Chinese enterprises on massive promotional trips to clinch trade deals in early 2024

    From East China's Jiangxi Province to Southwest China's Sichuan Province, foreign trade companies are intensifying efforts to secure new orders, by participating in business trips or exhibitions abroad, a repeat of similar measures taken in early 2023 after it proved successful in helping private businesses to expand overseas market and stabilize trade flows.

    By Yin Yeping | 2024/2/4 16:44:12
  • China to improve business environment amid growing efforts to stabilize economy

    The Chinese government vowed to further improve its business environment at a State Council meeting on Friday as the country started the new year with a slew of supportive policies aimed at stabilizing market confidence and expectations.

    By Chu Daye | 2024/2/3 20:23:41
  • Chinese travelers prefer SE Asia during Spring Festival holidays: GT survey

    Many Chinese travelers still prefer Southeast Asian countries as their top overseas destinations for the upcoming Spring Festival, or Chinese Lunar New Year holidays, with Maldives, Singapore and Thailand topping the top 10 list, according to a Global Times online poll. Notably, Japan's ranking dropped and some traditional popular destinations such as Australia and South Korea didn't make the top 10.

    By GT staff reporters | 2024/2/3 19:07:24
  • New Dynamics in New Year: Ice and snow tourism transforms, fuels consumer spending, charting path for Northeast China's revitalization

    While temperatures drop to around -25 C, the cold weather does not deter the enthusiasm of tourists from home and abroad visiting Harbin, the capital city of Northeast China's Heilongjiang Province.

    By Zhang Weilan in Harbin and Yin Yeping in Beijing | 2024/1/30 20:04:16
  • Luxury brands embrace the Year of the Dragon, betting on China's huge consumption potential

    As China prepares to celebrate the upcoming Chinese New Year - Year of the Dragon according to Chinese zodiac - in February 2024, global luxury brands in various industries including handbags, clothing, chocolate and watches have raced to introduce a wide range of limited-edition dragon-themed items to woo Chinese consumers during the Spring Festival, one of the most important holidays in the country.

    By Ma Jingjing and Qi Xijia | 2024/1/28 18:56:17
  • China-Uzbekistan partnership enters a new era as presidential visit seals agreements on stronger cooperation, connectivity under BRI

    Among all the good wishes for stronger cooperation between China and Uzbekistan, the early construction and launch of the railway project linking China, Kyrgyzstan and Uzbekistan would be a significant achievement for Liu Yu. As the executive chairman of the Uzbek Chamber of Commerce for Chinese Entrepreneurs and an early business pioneer in the Central Asian country, Liu's expectations for closer connectivity between neighboring countries in the region are indescribable.

    By Yin Yeping | 2024/1/25 19:40:21
  • Misinformation about China's economy aims to scare away investors, prolong US' financial hegemony: analysts

    As the National Bureau of Statistics (NBS) reported last week the Chinese economy expanded by 5.2 percent in 2023 from the previous year, several Western media outlets immediately cast doubt over the reading, casting it in a negative light and seized the opportunity to wage a smear campaign on China's economic growth.

    By GT staff reporters | 2024/1/25 18:36:28
  • US lawmakers' call for legislation to limit technology investment in China will hamper American investors, doomed to fail: experts

    US lawmakers on Wednesday called for the passage of bipartisan legislation that would restrict American investment in Chinese high-tech industries, a move that experts said shows the "unwavering" US intention to decouple from China and restrict China's technology advances. The move would only deprive US investors of access to one of the most thriving markets and is doomed to fail as China ramps up efforts for self-reliance, experts said.

    By GT staff reporters | 2024/1/18 22:50:10
  • China-US disputes affect business operation, as Washington's 'decoupling' only harms economic ties: experts

    The disputes between China and the US resulted in certain negative impacts on the operation of enterprises from China, South Korea and Japan in 2023, according to a survey conducted among 275 senior executives from the three countries regarding their economic expectations for 2024.

    By GT staff reporters | 2024/1/16 21:44:09
  • High-tech innovations drive China's auto sector advances

    China exported 5.22 million cars in 2023, becoming a major car exporter in the world. Of all vehicle exports, about one-third were new-energy vehicles (NEVs), totaling 1.773 million units, up 67.1 percent year-on-year, according to statistics released by the General Administration of Customs on Friday.

    By GT staff reporters | 2024/1/15 11:07:36
  • Meeting halfway

    The world's largest road-rail dual-use steel truss arch bridge with a main span of 388 meters is successfully closed on January 12, 2024, in Changzhou, East China's Jiangsu Province. Photo: VCG

    By Global Times | 2024/1/12 22:35:47
  • US lawmakers' concerns on UAE company's cooperation with China indicate paranoia over nation's tech rise: analysts

    In a move that indicates Washington's paranoia over China's technology rise, a US Congressional committee has asked the Commerce Department to look into whether a United Arab Emirates (UAE) technology company should be put under trade restrictions due to its reported ties to China.

    By Global Times | 2024/1/11 21:21:51
  • Mushroom harvest season dawns

    A farmer harvests mushrooms at a cultivation base in Cixian county, Handan, North China's Hebei Province on January 4, 2024. As the Chinese New Year approaches, local mushroom harvesting has entered its peak season. After harvesting, the mushrooms will be packaged and shipped to supply the market for the upcoming Spring Festival holidays in February. Photo: VCG

    By Global Times | 2024/1/4 22:11:12
  • Shenzhen city leads in industrial upgrade in China, constantly gaining pace in innovation

    Walking through the bustling Huaqiangbei commercial area in Shenzhen city, South China's Guangdong Province, the largest electronics retail market in China, one is immediately impressed by its international atmosphere. Foreign faces busily pass by, and English logos adorn almost every big tower, showcasing various products from LED to mobile phones, all made in China for the world.

    By GT staff reporters | 2024/1/4 21:28:29
  • Maiden voyage embarks

    The first domestically built large cruise ship, Adora Magic City, welcomes its first group of passengers – more than 3,000 people – at the Shanghai Wusongkou International Cruise Terminal in East China's Shanghai on January 1, 2024. On the same day, the cruise ship embarked on its maiden commercial voyage, taking passengers to popular destinations in Northeast Asia, such as Japan and South Korea. Photo: VCG

    By Global Times | 2024/1/1 22:42:24
  • S.China's Sanya achieves first annual hybrid rice yield of 2,000 kg/mu

    The city of Sanya in South China's Hainan Province achieved an annual yield of 2,000 kilograms per mu (0.066 hectare) for hybrid rice in 2023, the first time the city reached this target. It also marked a new record for the cultivation of hybrid rice in the nation's tropical region, the Xinhua News Agency reported.

    By Global Times | 2024/1/1 22:39:32
  • China's tariff adjustments come into effect, will boost foreign trade, high-level opening-up: experts

    China's import and export tariff adjustments on some goods took effect on Monday, including implementing provisional import tariff rates lower than the most favored nation rates on 1,010 goods, implementing tariff rates on some commodities under agreements and applying preferential tariff rates to 43 least-developed countries (LDCs).

    By GT staff reporters | 2024/1/1 22:24:40
  • US tariffs, chip restrictions stir concerns; China's abundance of talent sparks optimism for technology progress: Nobel Laureate Thomas Sargent

    Editor's Note: In recent years, the US has displayed an increasing willingness to implement tariffs and chip restrictions. These moves have raised concerns about the potential impact on the global economy and cooperation between China and the US. In an interview with Global Times reporter Wang Yi (GT), US Nobel Prize-winning economist Thomas Sargent (Sargent) expressed his optimism regarding China's economic and technological advancements over the medium and long term, despite the imposition of US tariffs and chip restrictions.

    By Wang Yi | 2023/12/26 20:18:45
  • 2023 Yearender: China forges ahead against relentless US crackdown; technology breakthroughs accelerate

    As if the world isn't grappling with enough crises, from geopolitical conflicts to a global economic slowdown, 2023 has emerged as another year characterized by relentless US unilateralism and protectionism, with a dizzying number of crackdown measures designed to further disrupt global supply chains.

    By GT staff reporters | 2023/12/25 20:42:56
  • Vessel launch

    The world's largest and China's first large trailing suction hopper dredger with a dual-fuel power system, the “Xinhaixun,” is launched in Nantong, East China's Jiangsu Province on December 24, 2023. The vessel, invested in by China Communications Construction Co Shanghai Waterway Bureau and constructed by Shanghai Zhenhua Heavy Industries Co, has a capacity of 15,000 cubic meters. Photo: VCG

    By Global Times | 2023/12/24 23:44:10
  • Endeavors to uphold openness and stabilize China-US relationship should extend to the grassroots level

    Over the past 45 years of reform and opening-up, China has embarked on a distinctive path toward economic development, achieving remarkable success. Despite the ever-changing international economic landscape and environment, China has achieved significant economic development and contributed to stable and positive forces for global economic growth.

    By Global Times | 2023/12/18 22:50:18
  • China's reform and opening-up: a distinctive path and remarkable success

    Over the past 45 years of reform and opening-up, China has embarked on a distinctive path toward economic development, achieving remarkable success. Despite the ever-changing international economic landscape and environment, China has achieved significant economic development and contributed to stable and positive forces for global economic growth.

    By Global Times | 2023/12/18 21:27:02
  • Alarms across internet sector following platforms' system failures

    A number of leading Chinese internet platforms, including Didi, Tencent and Alibaba, have reported app crashes or system malfunctions recently, which has triggered public concerns about the reliability of technology as well as cyberspace and data security issues associated with digital platforms that manage huge amounts of user information and other sensitive data.

    By GT staff reporters | 2023/12/4 15:47:56
  • Fujian Province hosts GCCAC, becoming the world's major international cooperation and exchange platform

    On the shore of a port in Fuzhou, East China's Fujian Province, rows of containers are neatly stacked, ready to be transported from this important starting point and birthplace of the ancient Maritime Silk Road to Indonesia, Sri Lanka, South Africa and elsewhere.

    By Liu Yang and Zhao Juecheng in Fuzhou | 2023/11/23 20:25:57
  • Foreign theme-park firms eager to explore Chinese market, betting on post-pandemic recovery

    Walt Disney Company, the US entertainment conglomerate, is expediting its business exploration in the Chinese market, fully tapping the market's huge potential in particular in the wake of the pandemic when the world's second largest economy is seeing its consumption and tourism vitality surge back to previous levels.

    By Zhang Hongpei | 2023/11/20 22:37:17
  • Foreign financial firms bet on China as nation sets sights on financial strength

    Foreign financial institutions, including those from the US, remain optimistic about the long-term development prospect of Chinese economy and aim to explore more investment opportunities in the country, as the country's high-level opening up in the financial sector offers wider access to the huge market.

    By Ma Jingjing | 2023/11/12 19:10:31
  • China to step up bond issuance, a proactive fiscal policy to help prop up the economy

    As China's economy faces the last quarter of the year, how the world's second largest economy will wrap up its first year post the pandemic has been closely watched by the market.

    By GT staff reporters | 2023/11/6 20:27:06
  • Guangzhou's Nansha leads in smart port development, digitalized trade

    At a container terminal south of Guangzhou, Guangdong Province, there is a surprising sight: a vast area spanning over 2,400 meters in length and 650 meters in width, with hardly any human presence. Instead, an automated rail mounted gantry (RMG) crane skillfully handles the containers, placing them onto self-driving port trucks. The trucks then transport the containers to the automated ship-to-shore cranes for loading onto ships.

    By Qi Xijia | 2023/10/26 19:09:58
  • Australian enterprises eye business revival in China as bilateral ties see 'warming' trends

    After having eagerly awaited the resolution of the trade disputes, Australian businesses, including wine exporters, are now actively strategizing their reconnection with the Chinese market, hoping to swiftly emerge from a pretty long period of sluggish performance.

    By GT staff reporters | 2023/10/25 20:28:32
  • 'One-stop shop for everything': Bustling Canton Fair offers snapshot of China's trade vitality

    At about 10 am on Monday morning, traffic was gridlocked outside a massive building in ¬-Guangzhou, South China's Guangdong Province. Many people were already lining up to enter the building. Inside, people of all nationalities and ethnicities carrying luggage moved around in hurry. At first glance, this looks more like a busy international airport. But then, a closer look reveals what's really taking place: at stands of various sizes, vendors with calculators and catalogues of products were talking with visitors; visitors occasionally took out their phones to take photos of the products, and some were pushing shopping carts full of samples.

    By Qi Xijia in Guangzhou and Wang Cong in Beijing | 2023/10/24 21:35:23
  • China-Hungary solar project emerges as a frontrunner in green development amid European clean energy headwinds, derisking measures

    The Hungarian project is the epitome of China's substantial contribution to the green energy transformation in Europe. Europe accounted for more than 50 percent of China's total photovoltaic (PV) exports in 2022, making it China's largest overseas PV market. Other new energy products such as wind turbines and new electric vehicles have also gained strong foothold in the EU markets, making great contribution to the region's clean energy transformation while facilitating its energy supplies.

    By Yin Yeping | 2023/10/15 21:01:29
  • Pulse on China's Economy: Steadfast industrial upgrade lifts China's high-quality development to new height seen from NEV's rise

    On a recent summer afternoon in Tashkent, capital of Uzbekistan, there were very few people on the streets, and traffic was relatively light. Such a sight hardly showed any sign of a rapidly shifting global geo-economic landscape. Yet, a closer look revealed a very interesting dynamic: While a vast majority of the cars on the streets are older sedans carrying the golden cross logo of US carmaker Chevrolet, newer, futuristic ones are often new-energy vehicles (NEVs) produced by Chinese carmaker BYD. The slogan - Build Your Dreams - was a distinctive feature on the back of each BYD cars.

    By Wu Qiuyu, Zhao Zhanhui, Liu Shiyao and Wang Cong | 2023/10/6 18:44:09
  • Miraculous 'transformation' in 33 years: three Asian Games witness China's economic rise

    During the past 33 years, from Beijing in 1990 to Guangzhou in 2010, and now to Hangzhou in 2023, the three host cities for the Asian Games in Chinese mainland serve as both geographical and historical landmarks. The cities not only record the stories of China's engagement with the Asian Games but also stand as a testament to China's great economic achievements.

    By GT staff reporters | 2023/9/26 20:00:07
  • China a builder, helper in development

    Over the past decade, the Belt and Road Initiative (BRI), following the guiding principle of extensive consultation, joint contribution and shared benefits, has grown into a global platform where countries along the routes work together to promote people's well-being and give a further boost to global development. As the BRI celebrates its 10th anniversary, Global Times reporters Shan Jie, Guo Yuandan, Shen Weiduo and Leng Shumei interviewed leaders and diplomats to learn about achievements of the cooperation in New Zealand, the Solomon Islands, Fiji and Papua New Guinea (PNG) over the past decade and their expectations for high-quality BRI construction in the next decade.

    By Global Times | 2023/9/14 21:59:57
  • Exclusive: BRI partnership to make China Argentina's top trading partner: Ambassador

    As President Alberto Fernández is scheduled to attend the third Belt and Road Forum for International Cooperation to be held in Beijing this October, Global Times reporters interviewed Argentine Ambassador to China Sabino Vaca Narvaja on the latest development of bilateral and multilateral cooperation and its implications for the world amid geopolitical challenges.

    By Chu Daye | 2023/9/11 17:57:59
  • Projects between China and other BRICS countries get a boost following summit, showcasing strong cooperation wiliness

    Multiple cooperation projects between Chinese enterprises and those from other BRICS countries have been boosted following the recently concluded 15th BRICS summit, which experts said underscores the efficiency of the bloc and that there is great cooperation potential between China and other BRICS countries.

    By GT staff reporters | 2023/8/29 20:48:43
  • Shantou accelerates a burgeoning private sector to shore up digital transformation

    Shantou, a special economic zone (SEZ) located in coastal Guangdong Province, is home to a burgeoning private economy. Small and medium-sized enterprises (SMEs) spanning toys to electronic equipment and machinery manufacturing have served as a strong foundation for the city's economic growth and employment resilience.

    By Liu Yang in Shantou and Ma Jingjing in Beijing | 2023/8/20 16:38:27
  • As superconductivity becomes global topic, analysts say China's huge market will more likely drive large-scale applications

    A team of South Korean researchers recently claimed to have discovered a superconducting material that works at ambient temperature and pressure, mainly a modified perovskite crystal structure (referred to as LK-99), a type of lead phosphate with copper doping, which allows electrical currents to flow without resistance or energy loss at ambient temperature and pressure.

    By GT staff reporters | 2023/8/7 19:45:36
  • Chinese homegrown poultry variety breaks decades-long monopoly by developed countries

    In the early morning on June 16, 2023, a Tanzania Airways flight TC403 touched down at Julius Nyerere International Airport after an over 11-hour journey. Passengers onboard might be unaware that in the underbelly of the plane stood a consignment of special "guests" – 16,500 chicks from Beijing.

    By Shen Weiduo and Zhao Juecheng | 2023/7/23 17:21:58
  • Made-in-China fans, sun-proof clothing, gadgets help world combat heat waves

    The exports of cooling products have increased with many Chinese exporters and producers reporting a rise in sales as the world braces one of the hottest summers in history.

    By GT staff reporters | 2023/7/19 20:01:04
  • More new-energy projects operational in China to meet power consumption demand

    Since mid-June, many places in China have experienced high-temperature weather, with some areas having broken the records of the highest temperatures in the same period in history. As the surface temperatures in some areas exceeded 70 C recently, cooling demands drove up power consumption in China.

    By GT staff reporters | 2023/6/26 21:01:39
  • China-Saudi Arabia cooperation extends beyond oil to new energy, NEV, services and more

    Economic partnership between China and Saudi Arabia is reaping more fruits, as the two nations extend their cooperation beyond oil as the closer bilateral relations are set to unleash more trade potential, with a focus on new-energy vehicle (NEV) manufacturing.

    By GT staff reporters | 2023/6/15 17:24:56
  • Chinese e-commerce platforms gaining increasing popularity among South Korean consumers

    Chinese e-commerce platforms are gaining increasing popularity among South Korean consumers thanks to affordable and high-quality products that are delivered rapidly. Experts said the phenomenon reflects close economic and trade ties between the two nations, adding that the South Korean government's siding with the US to contain China is set to incur heavy losses in South Korean economy.

    By GT staff reporters | 2023/6/13 15:10:43
  • Will XR unlock new opportunities?

    Like riding a roller coaster, China's XR (extended reality) sector has met with ups and downs during the past two years. Players in the circle are adamant on the emerging trend, waiting for a product that could help boost morale. Now it has just arrived.

    By Zhang Hongpei | 2023/6/8 19:25:37
  • China's 'shoe capital' Wenzhou shifts from 'OEM center' to innovative hub

    Walking in the "fashion shoe town," a planned 3.7-square-kilometer area in Lucheng district of Wenzhou, East China's Zhejiang Province, one would find shoes and related items almost everywhere.

    By GT staff reporters in Wenzhou | 2023/4/6 20:03:40
  • Danyang city remains world's top glasses manufacturing hub, accounting for half of global industrial outcome

    There is a popular saying that "one out of the two people in the world wear glasses with lenses from Danyang", East China's Jiangsu Province, known as China's "capital of glasses."

    By GT staff reporters | 2023/3/30 20:02:58
  • China-Honduras economic and trade cooperation enjoys bright prospects: businessmen

    The overseas Chinese community in Honduras has longed for the establishment of diplomatic ties between China and Honduras for a long time, Xie Zuoqi, a representative from Association of Fujian in Honduras, told the Global Times on Sunday.

    By GT staff reporters | 2023/3/27 19:01:29
  • China-Brazil economic and trade ties see deeper and wider potential for growth under BRICS ahead of presidential visit

    Brazilian President Luiz Inacio Lula da Silva will pay a state visit to China from March 26 to 31 upon invitation, Foreign Ministry spokesperson Hua Chunying announced last Friday, which will be Lula's fifth visit to China, marking an upward trend of bilateral relations.

    By Yin Yeping | 2023/3/23 19:53:19
  • Wedding dresses from a Chinese small town attire global brides

    After six or seven complex procedures, a piece of complex and exquisite wedding dress is completed, which will be exported and dress up millions of brides around the world. This is a daily scene in factories of more than 600 wedding dress enterprises in Dingji town, East China's Anhui Province.

    By GT staff reporters | 2023/3/22 19:47:34
  • Japan's nuclear-contaminated wastewater dump plan sparks concerns on imported food safety

    This is the second of three installments by the Global Times to examine the expected tremendous economic impacts of the Japanese government's reckless decision, including huge damages to its nuclear industry, its agricultural exports, as well as the fishery industry in Pacific countries.

    By GT staff reporters | 2023/3/20 19:23:46
  • Japan's restarting of nuclear plants despite safety concerns tarnishes its reputation: experts

    Japan's restarting of its nuclear plants despite safety concerns could tarnish its reputation as a nuclear power operator, Chinese experts said, as Japan commenced the operation of equipment needed for its nuclear-contaminated wastewater dumping plan for the first time on Friday at its crippled Fukushima Daiichi nuclear power plant, and a prelude to the wastewater's final discharge into the open ocean.

    By GT staff reporters | 2023/3/19 21:51:38
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