Insight
The conspicuous absence of India in the trade pillar, one of the four pillars of the US-led Indo-Pacific Economic Framework (IPEF), underlines the dispute between India and the US regarding the mechanism, a US-led geopolitical tool in disguise of economy issues, and implies an uncertain future of the framework.
By Wang Yi | 2022/9/11 19:04:07
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  • Chinese stocks popular among South Korean retail investors as nation's economic prospect remains promising

    Chinese stocks have now replaced Tesla shares as an increasingly popular choice for South Korean retail investors. For example, Tianqi Lithium, one of the largest producers of lithium compounds used in electric-vehicle batteries.

    By GT staff reporters | 2022/8/23 18:19:13
  • S. Korea slashes tariffs on Chinese onions to help bring down inflation

    A South Korean industry association said there is a chance that Chinese onion exports will help the country alleviate its inflation, as the South Korean government moved to keep zero tariffs on seven major foodstuff import items in an effort to rein in price rises.

    By Tao Mingyang and Chu Daye | 2022/7/24 22:21:45
  • Afghan minister holds talks with Chinese mining firm, progress to be expected

    An Afghan government official from the mining sector met with the representative of a Chinese mining company Sunday, and they discussed issues ranging from technical to financial operations of the Aynak copper project, the second-largest copper ore body in the world. But an insider said that no substantive progress was made.

    By Yin Yeping | 2022/7/18 21:34:15
  • China's national carbon market celebrates one year anniversary, becoming world's largest

    It has been a year since China's national carbon market started online trading in Shanghai on July 16, 2021. As of Friday, the cumulative trading volume of the carbon market reached 194 million tons, with a cumulative turnover of 8.49 billion yuan ($1.26 billion), according to data released by the Shanghai Environment and Energy Exchange (SEEE).

    By GT staff reporters | 2022/7/17 19:25:34
  • Herding all developing nations into US-led global economic order is a weird illusion

    The G7 Summit was concluded last week. It didn't reach a consensus because of the autocratic stance of the US on various policies. The outcome was not very positive, as it is challenged by internal disagreements over trade and climate policies. The G7 discussions focused on reducing Europe's dependence on Russian energy and finding other ways to increase the economic pain for Moscow; the group is considering imposing a price cap on Russian oil. Additionally, the bloc faces a looming global food crisis springing from the Russia-Ukraine tensions, which have resulted in shortages of wheat and other crops. The G7 countries failed to reach a consensus on these issues. External dynamics have also chipped away at the G7's global influence.

    By Rama Chandran | 2022/7/6 20:25:31
  • Exclusive: It is the right time to tackle housing woes in Hong Kong: HKSAR Election Committee Constituency member

    The Hong Kong Special Administrative Region (HKSAR) has planned to build a new district in its northern region to increase housing supply, especially for young people. The area will be developed into a tech hub, aiming at accelerating economic recovery and creating new growth momentums for the city.

    By GT staff reporters | 2022/7/5 20:22:58
  • Inspired by Xi's visit, HK sci-tech firms eye closer GBA cooperation

    Enterprises from the Hong Kong Science Park said they have been inspired by the President Xi Jinping's recent visit to Hong Kong and look forward to closer technology cooperation with cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as Hong Kong is developing into a leading innovation and technology hub.

    By GT staff reporters | 2022/7/3 16:47:00
  • Constrained consumption, exports lead to cotton stockpile in Xinjiang

    Sales of cotton produced in Northwest China's Xinjiang Uygur Autonomous Region have dropped this year due to the joint effect of constrained domestic consumption and delayed export orders following the latest round of COVID-19 outbreak, while the US sanctions have only had a slight impact, companies and industry insiders said on Monday.

    By GT staff reporters | 2022/6/21 22:12:10
  • Dunhuang Research Institute, Tencent to launch digital scripture cave of Mogao Grottoes

    The Dunhuang Research Institute and Tencent on Wednesday launched a digital laboratory to build a full-scale digital scripture cave online of the world-famous Mogao Grottoes, sharing with the public the "fresh life" behind the cultural relics in an interactive experience.

    By Global Times | 2022/6/15 20:47:26
  • Companies push recruitment via livestreaming, including Tesla China and Foxconn

    Special livestreams are being held across China over recent days. Instead of selling products, these livestreams "sell" jobs. Tesla China and Foxconn have joined the craze.

    By GT staff reporters | 2022/6/10 18:06:00
  • EU can't replace Russian gas with African imports: experts

    Germany has initiated talks with the Senegalese authorities about gas extraction and liquified natural gas (LNG), Scholz said, according to a Reuters report on Monday. It said that Germany could help explore a gas field in Senegal, citing a German official.

    By GT staff reporters | 2022/5/24 18:59:57
  • Small players lose faith in crypto after sell-off

    Nofe Isah, a 25-year-old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as cryptocurrency luna went into free fall.

    By Reuters | 2022/5/19 21:05:01
  • Seafood companies beef up supplies for US market

    Chinese seafood processing companies are beefing up supplies in response to growing global demand, including from the US market, while dealing with lingering snags such as ports congestion in the US.

    By Yin Yeping | 2022/5/18 21:51:52
  • Domestic grain supply guaranteed by upgraded tech, favorable conditions despite challenges

    On a vast field in Northwest China's Xinjiang Uygur Autonomous Region, a major cotton-growing region in China, unmanned tractors, guided by the Chinese-developed BeiDou Navigation Satellite System, have been used in the busy spring farming of cotton from ditching, planting to laying film and covering soil, fulfilling an almost fully mechanized operation.

    By GT staff reporters | 2022/5/18 21:07:49
  • South African wineries set eyes on exploring massive Chinese market

    "As a fast-growing market, China can't be neglected by any winery," Henriëtte Jacobs, the international sales manager of Spier Wine Farm, told the Global Times, adding that the company's exports to China have continued to grow exponentially during the recent years, and the Chinese market is becoming one of the company's most important strategic markets.

    By GT staff reporters | 2022/5/15 18:33:32
  • China-ASEAN cooperation under BRI to further strengthen despite US meddling

    Despite the pandemic in an increasingly complex world, China and the Association of Southeast Asian Nations (ASEAN) have seen a strengthened economic and trade ties this year ranging from initiatives under the Regional Comprehensive Economic Partnership to the deeply integrated industrial chains, amid joint efforts that have injected strong impetus into regional development.

    By GT staff reporters | 2022/5/12 21:43:07
  • Fire season drives demand for July 4 drone shows to replace fireworks

    When the Caldor Fire raced toward the southern shore of Lake Tahoe last year, its 100-foot (30-meter) flames spread across the tree canopy. Miles away, towns on the north shore took notice.

    By Reuters | 2022/5/12 16:38:50
  • COVID-induced 'new economy': Advent of outdoor camping, ready-to-cook meals, nucleic acid testing

    The outbreak of the pandemic has dealt a heavy blow to most businesses across the world. Now, two years have passed, those pioneers who are innovative and enterprising to meet the consumer demands have reaped rich rewards.

    By GT staff reporters | 2022/5/10 18:52:58
  • Space seed breeding makes breakthrough, yielding nearly 1,000 new species

    With the return of the crew of China's spacecraft Shenzhou-13, a total of 12,000 seeds finished their space breeding journey, which is expected to enhance food security, as seeds are as important as chips in the semiconductor industry.

    By Global Times | 2022/4/27 19:37:46
  • China outpaces South Korea as world's top producer of display panels

    As South Korean media lament another of the country's prized claims is losing to China, industry experts said Chinese companies have closed the gap with South Korean rivals in the past decade, while they emphasized that cooperation is still needed to push the industry forward.

    By Chu Daye | 2022/4/26 16:59:11
  • Weekend camping booms in China as COVID-19 flare-ups restrict long-distance travel

    For camping enthusiast Qiushen, the pastime of venturing into nature has become a regular outing event after he came to Shanghai to work in an architecture firm in 2021. Since taking up the hobby, he has become equipped with nearly every item of camping kit available on the market.

    By GT staff reporters | 2022/4/6 20:53:20
  • Hong Kong to take more effective measures to minimize impact of COVID-19: official

    The Hong Kong Special Administrative Region (HKSAR) will take more effective administrative measures to combat the COVID-19 outbreak and stabilize business confidence and employment, the financial secretary of the HKSAR wrote on Sunday.

    By Global Times | 2022/3/20 20:50:45
  • Parties work to ensure smooth operation of China-Europe freight trains amid Ukraine situation

    Government officials, railway service providers and international traders are putting in place contingency measures to ensure smooth operation and trade flow of the China-Europe freight train, a key transportation channel for trade covering countries along the routes of Belt and Road Initiative (BRI), amid the deteriorating situation in Europe.

    By Yin Yeping | 2022/3/17 15:24:04
  • Dara Sakor project taking shaping in Cambodia

    A spokesperson for the Chinese Embassy to Cambodia responded to the sanctions, condemning the US for imposing sanctions on a Chinese firm in Cambodia, saying that the US is violating the firm's legitimate rights and Cambodia's sovereignty.

    By GT staff reporters | 2022/3/16 16:56:08
  • China can keep housing market steady: official

    China has the foundation and conditions to keep its real estate market developing at a steady pace after rounds of efforts to stabilize land prices, home prices and expectations, Chinese officials said on Tuesday, as concerns remain over fluctuations in the property sector.

    By Global Times | 2022/3/15 20:59:25
  • China's economy off to strong start, raising hope for above 5% growth in Q1

    China's economy soundly beat market expectations, firing on all cylinders in the first two months as fixed-asset investment picked up and retail sales rebounded.

    By GT staff reporters | 2022/3/15 20:35:34
  • Cooperation on BRI infrastructure, high-tech and nuclear energy take center stage amid two sessions

    Fostering further cooperation between China and countries under the Belt and Road Initiative (BRI) was among hot topics during the ongoing two sessions in China, including proposals on infrastructure, high technology, nuclear energy, vaccines and advanced medicine.

    By GT staff reporters | 2022/3/10 17:20:28
  • Xi stresses energy security when carrying out carbon reductions

    President Xi Jinping has called for proactive and prudent steps to advance carbon emissions peaking and carbon neutrality initiatives, while also stressing the need to ensure the security of energy, food, and industrial and supply chains in reducing carbon emissions, according to the Xinhua News Agency.

    By GT staff reporters | 2022/3/6 19:56:34
  • Chinese airlines face no direct impact from Western bans on Russian flights

    US President Joe Biden announced a ban on all Russian aircraft from American airspace during his State of the Union speech on Tuesday evening, following similar moves by the European Union and Canada, amid the widening sanctions targeting Russia over the conflict in Ukraine.

    By By Yin Yeping and Zhang Hongpei | 2022/3/2 16:54:35
  • South Korean cosmetic brands lose shine in China

    HERA, a high-end South Korean cosmetic brand under AmorePacific, recently announced that the brand is shuttering its bricks and mortar stores across China, while its official Wechat store suspended online sales on Tuesday.

    By GT staff reporters | 2022/3/1 19:56:19
  • Looking back on Nixon's visit, Chinese business leaders claim win-win cooperation still key to bilateral relations

    Five decades ago when then US President Richard Nixon made a historic visit to China in 1972 that helped kick-start bilateral diplomatic engagement, he received a whole wool blanket as a gift from the Chinese people. The maker of the gift was a Shanghai-based textile company. Fifty years later, their garments were among the best sellers during Amazon's Black Friday sales in the US.

    By Qi Xijia | 2022/2/22 18:48:01
  • Virtual broadcasters at Beijing Winter Olympics offer a glimpse into China's rapid developing industry

    "Hello, audience. The outdoor sports watching index reached level four at the National Ski Jumping Centre on Monday. Because of weather influence, speculators watching outdoor matches in winter should enhance self-protection abilities," said Feng Shu, a popular weather broadcaster at China Central Television's weather forecast program.

    By Xie Jun | 2022/2/14 18:49:24
  • Beijing Winter Olympics opens a new chapter for future BRI exchange on sports

    The Beijing 2022 Winter Olympic Games, a global sporting event held amid the challenges created by the global pandemic, has left an indelible mark on the world for its "simple, safe and splendid" vision, while opening a new chapter for the people-to-people exchanges and business cooperation between countries along the Belt and Road Initiative (BRI) for participating in a potential 1.4 billion winter sports market.

    By Yin Yeping and Liu Yang | 2022/2/10 18:56:17
  • Chinese aviation companies in full swing to serve Beijing Winter Games

    After more than six years of preparations, China is now in the middle of the 2022 Beijing Winter Olympics. A number of companies across the aviation industry have been devoting themselves to the Games for years.

    By GT staff reporters | 2022/2/9 18:45:58
  • Brands scramble for Winter Olympic athletes as ambassadors

    "You are the precious of snow and ice. You are our pride," US car brand Cadillac posted a message on its official Weibo account on Tuesday along with a video of Gu Ailing, minutes after the 18-year-old Chinese skier claimed the historic gold medal in the women's freeski big air of the Beijing 2022 Winter Olympic Games.

    By Xie Jun and Liu Yang | 2022/2/8 20:01:40
  • Overseas brands eager to cash in on China's ice and snow economy

    After the opening ceremony of the Beijing 2022 Winter Olympic Games was aired on February 4, the topic of "what brands are athletes wearing during the Winter Olympics' opening ceremony" quickly flooded China's social media platforms.

    By Xie Jun and Liu Yang | 2022/2/7 18:29:37
  • Australian iron ore trade strong ahead of Chinese New Year, driven by seasonal hoarding

    Australian iron ore exports to China remained strong in January despite the backdrop of rising market prices due to multiple factors including weather disruption and labor shortage concerns.

    By Global Times | 2022/1/30 0:18:50
  • China's economy faces more negative global trends in 2022; avoiding US errors key: John Ross

    China's 8.1 percent GDP increase in 2021, following on from 2.2 percent in 2020, exceeded that of any other major economy. However, as is well known, China's year-on-year growth rate fell to 4.9 percent in the third quarter in 2021 and 4.0 percent in the fourth quarter, showing downward economic pressure.

    By John Ross | 2022/1/23 18:04:55
  • Biz Quick Take: UK-Australia infrastructure plan to counter China? More empty talks

    The UK Foreign Secretary Liz Truss on Thursday signed a Memorandum of Understanding with Australian Foreign Minister Marise Payne to jointly promote infrastructure investment in Indo-Pacific, according to a statement published by the UK government on Thursday.

    By Global Times | 2022/1/20 22:48:04
  • China's autonomous driving enters fast lane, boosted by NEV growth and favorable policies

    The ravaging COVID-19 pandemic has disrupted many sectors across the global economy, posing multiple challenges to enterprises and their manufacturing capacity. But there is one sector that has remained unaffected, witnessing record new development over the past two years: autonomous driving.

    By Zhang Hongpei | 2022/1/18 16:13:17
  • Expanding domestic sports industry, Winter Olympic Games and new demand inject momentum into China's footwear sector

    China exported 7.9 billion pairs of shoes and boots in the first 11 months in 2021, which literally means that the country has exported a pair of shoes for everyone on the planet.

    By GT staff reporters | 2022/1/17 16:42:56
  • Third-country investors eyeing opportunities, joining the China-Pakistan Economic Corridor

    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
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