The Suez Canal jam, caused by a stranded container ship, has posed an unprecedented challenge to the global supply chain, pushing businesses to look for new options to diversify their trading routes, especially along the Belt and Road, which during the pandemic has become a major channel for cargo transportation and anti-virus supplies from factories in China to the markets in Europe.
China's capital markets should boost investment in core materials and technologies for making vaccines, including lipid nanoparticles (LNP) - which are scarce around the world right now - for making COVID-19 mRNA vaccines, according to the head of the Chinese Center for Disease Control and Prevention (CDC).
Customs in Kunming, capital of Southwest China's Yunnan Province, has recently arrested 10 real hair smuggling groups in partnership with multiple customs. The smuggled hair has a total value of more than 1.1 billion yuan ($167 million), with 230 million yuan of taxes being evaded, reported the China Media Group.
The development of Gwadar Port seen by many as the flagship project of China Pakistan Economic Corridor (CPEC) under the Belt and Road Initiative (BRI) has been praised by nations across in the Arabian Sea for its smooth and well-planned operationalization.
As the year 2021 marks the beginning of China's 14th Five-Year Plan (2021-25), industries make their plans in line with the country's development. The civil aviation sector is aiming to increase capacity, accelerate airport construction and the integration with other transportations including railways, highways and waterways.
Driving all the way to the east from city center of Yinchuan, capital city in Northwest China's Ningxia Hui Autonomous Region, on the eastern banks of the Yellow River, millions of midnight blue solar panels that stretch to the horizon would suddenly come into view on the slopes of gullies, like a blue ocean.
In a move apparently timed to strike a tough tone ahead of a key dialogue on Thursday, the US government took a couple of moves against Chinese telecommunication companies, continuing a Trump-era crackdown on Chinese firms that has drawn ire in Beijing.
Scientists believe they have identified a meteorite formed in the first million years of our solar system, making it the oldest known meteor of volcanic origin.
The emergence of the Earth's first living organisms billions of years ago may have been facilitated by a bolt out of the blue - or perhaps a quintillion of them.
The film Do Not Split, which recorded the protests and violence in Hong Kong in 2019 and was nominated for an Oscar for the best short documentary, should not win the award as it lacks artistry and is full of biased political stances, Chinese film industry observers said on Wednesday.
Uzbekistan, one of the world's leading cotton exporters, sent a high-level delegation earlier this week to the Chinese-invested Gwadar Port in Pakistan to look for logistics opportunities that might help it export its cotton, the Global Times has learned.
Shanghai Ymatou Network Technology Co (Ymatou), a Chinese cross-border e-commerce platform, bagged hundreds of millions of investment in its D-round funding in March led by China's CGP Investment.
As the pandemic situation in China was brought under control, the number of overseas business activities of Chinese firms has witnessed an increasing trend as companies from different sectors including Hisense, Midea and Sinopec have struck new deals with overseas partners.
Driven by a resilient global demand for Chinese goods ranging from personal protective equipment (PPE) to home appliances, China-Europe freight trains, which have become a pillar for the trade for countries along the Belt and Road when other transports were disrupted by the COVID-19 outbreak, have seen record growth in the early two months of the year.
China's goal to hit peak emissions before 2030 and realize carbon neutrality by 2060 will unleash huge market potential in the new energy sector, on both the demand and supply sides. Experts encourage foreign governments to remove trade barriers to allow Chinese and foreign companies to focus on cooperation in the battle against climate change.
China's general aviation industry has seen stable development over the past five years from 2015 to 2020, with official data showed that the average annual growth of business volume was 13.7 percent.
Different traditional vehicles powered by internal combustion engine, new-energy vehicles (NEVs) have provided a fresh opportunity for Chinese auto brands, which have found it quite hard to make a solid footprint in developed markets for years. In the fast-growing NEV market in Europe, Chinese electric vehicle manufacturers are ramping up their efforts to take a share of the growing market.
China's Hard X-ray Modulation Telescope (HXMT), the country's space science satellite also known as Insight, has found that a fast radio burst (FRB) signal detected last year came from a magnetar in the Milky Way, Chinese scientists announced recently.
Despite logistic hurdles and global complexity posed by the COVID-19 pandemic, Chinese medical and personal preventive equipment (PPE) to countries and regions along the routes of Belt and Road Initiative (BRI) have been on an upward trend since early last year, another example of China's efforts to support its partners in fighting against the odds.
After years of staggering under the shadow of a Western dominance, Chinese infrared thermal imaging device producers have finally walked into the spotlight, with global market share increasing by up to a quarter in 2020, following a timely response to explosive needs worldwide, while other countries, such as the US, have been plagued with production halts and capacity inadequacies due to the uncontrolled epidemic.
Hundreds of thousands of Chinese engineers and project managers working on the many overseas projects under the Belt and Road Initiative (BRI) are planning to spend this year's Chinese Lunar New Year at project sites around the globe, giving up what is a major holiday and opportunity for family reunion, to ensure project progress and alleviate burden of domestic epidemic control efforts at home.
In interviews with the Global Times, industry insiders and businesses describe a domino effect across the globe, in which cold-chain shipments face serious delays and uncertainties, given the raging epidemic in many parts of the world which has led to a shortage of containers that has disrupted cold-chain commerce.
The 40-day Spring Festival travel begins on Thursday. Different from previous years, there will be strict measures targeting COVID-19 cases from people and chilled or frozen goods.
With a thriving atmosphere and the hard-working spirit of local people and local enterprises, the economy of Hubei Province contracted 5 percent last year to 4.34 trillion yuan ($669.45 billion), but all major indicators have pointed to a roaring recovery as local consumption returned to growth in December.
As the time for the release of annual fiscal reports is coming, the domestic medical industry participants are to present their year-round achievements against the backdrop of a record breaking 2020, with several of them ranging from masks and ventilators to nucleic acid products and vaccines have already confirmed very promising results in the annual performance forecasts on the back of an unprecedented jump in production capacity.
China's total export volume of rare earths dropped 23.5 percent year-on-year in 2020, China's customs authority said on Thursday, registering the lowest figure in five years, according to media report.
Bucking the global downward streak amid the fallout from the COVID-19 pandemic, China's luxury sales last year rose by a stunning 48 percent to around 350 billion yuan ($54 billion), buoyed by a consumption comeback as travelers were unable to shop overseas, a boost in online sales and duty-free policies in South China's Hainan Province, observers and industry reports said.
Bucking the global downward streak amid the fallout from the COVID-19 pandemic, China's luxury sales last year rose by a stunning 48 percent to about 350 billion yuan ($54 billion), buoyed by a consumption comeback as travelers were unable to shop overseas, a boost in online sales and duty-free policies in South China's Hainan Province, observers and industry reports said.
Imported cherry prices have sunk 20 percent resulting from an oversupply as exporters eye a rebound in Chinese consumption amid the COVID-19, industry insider said.
Steady Continued cooperation on regional integration between China and Myanmar gave a sharp contrast to India, which turned a blind eye toward such development trend and let go opportunties, a Chinese analyst said on Monday.
The Cyberspace Administration of China on Friday solicited public opinions on a draft law on measures for the administration of internet information services, aiming to further crack down on illegal activities such as rumor spreading about the pandemic with greater punishments.
Nearly a year after the outbreak of the COVID-19 epidemic began, more news about coming vaccines is emerging. Global demand for vaccine transportation will present a challenge to the existing global civil aviation capacity.
The sluggishly growing smartphone industry, both domestically and globally, was expected to bottom out in 2021, however, with the market further rocked by the spread of a global pandemic.
One six-story-high factory building in Dongguan, a manufacturing powerhouse in South China's Guangdong Province, sees China's industrial transformation firsthand.
After chairing the port customs for China-Europe freight train in "the world supermarket" Yiwu in East China's Zhejiang Province, Zhao Hengchao said this year's demand for cross-border freight trains was unprecedented, with the total freight volume between China and Europe growing nearly 105 percent year-on-year, a reflection of close relation between China and the countries along the Belt and Road Initiative (BRI).
A total of 641 firms listed on China's A-share market, as of Friday, released performance forecasts for 2020. More than 40 percent are predicting positive growth, despite the fallout of the COVID-19 pandemic, according to information released by Wind, a financial information database.
Ouster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, said on Tuesday it has agreed to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp.
“These car models will be exported to the US, and products on that production line is exporting to Europe,” John Ng, a factory manager of Maisto, a car model manufacture in Dongguan, South China's Guangdong Province, told the Global Times from the company's factory.
A train fully loaded with goods gradually departs Yiwu West Station, the world's 'supermarket' Yiwu, East China's Zhejiang Province, and heading toward its final destination in Madrid, Spain, 13,000 kilometers away. This is the third train departing from the station in a day, while it used to be just once in a day or in days. Despite the global pandemic and disruptions, the China-Europe freight train, as the land envoy of the Belt and Road Initiative (BRI), has significantly bucked the trend and operated in full swing providing markets across the Eurasian continent much-needed goods and products, from preventative masks to home appliances from factories in South China to stores of countries along the route.
As the overseas pandemic situation remains grave, China faces increasing pressure to prevent imported cases. Particularly, recent reports of frozen pork, lamb, beef, shrimp and fish products testing positive for COVID-19 in over a dozen regions across China have raised widespread concerns over the risks of infection through cold chain trade due to its long supply chain and virus-friendly environment.
Chinese “'mystery box”' maker, Pop Mart, saw its share price pop more than 100 percent on its debut day on Friday, after its stocks started floating in the Hong Kong stock market, raising $676 million in its initial public offering (IPO).
A number of Chinese travel platforms, including Trip.com, Tongcheng-Elong and Qunar.com recently announced financial results showing higher booking numbers than 2019, several platforms even recorded their first quarterly profit since the beginning of the COVID-19 outbreak.
Although the pandemic has not affected online orders of false eyelashes, whether domestic or overseas, the breakdown of cross-border transportation links and even the lockdown, sometimes of a whole country, have had some impact on the industry chain of false eyelash, a product used predominantly in Western countries for parties and other occasions. The most obvious change is that the easier production steps need to be transferred from overseas back to the home factory.
As the world is struck by the COVID-19 pandemic, industries have been suspended around the world, leaving many jobless. The deadly virus has hampered the BRI to an extent, but the initiative has not only been functioning well amid the ongoing crisis, but also played a significant role in the global anti-pandemic fight.
After foldable smartphones and dual-screen phone-tablets, what is the next bandwagon that could lead to an industrial revolution?
With the continuous spread of good news about COVID-19 vaccines, how to ensure its transportation has become a hot topic for the global cargo industry. Analysts believe that vaccine transportation will stimulate the aviation recovery, but questions remain about how to make the transportation safe.
Chinese experts and business representatives welcomed the positive signs from the Indian side after some Indian authorities are reportedly considering a plan to lift sanctions on foreign direct investment (FDI) from countries including China against the backdrop of the lowest ebb of bilateral relations in decades. However, given the fact that there are still many uncertain factors, further observation is needed.
Boeing is optimistic that travels between the US and China will rise once the COVID-19 pandemic is behind us. The virus is the main factor impacting the entire aviation industry around the world. Fortunately, the foundational growth drivers of the economy remain robust, and the company expects the industry to recover strongly in the coming years.
Despite fraught ties and an ongoing trade war between China and the US, American companies seem to have just reaped a bumper sales harvest during China's November shopping festivals that will cushion their virus-battered balance sheet, initial sales data provided by China's e-commerce giants showed on Wednesday.
New milestones in consumption have been set during this year's Double 11 (November 11), or Singles' Day, shopping festival - China's biggest online shopping spree, easily outpacing the volume of Amazon's mid-October Prime Day.
China is becoming increasingly prominent in the construction of new energy projects all over the world, largely promoted by the Belt and Road Initiative (BRI). Last month, the latest of these projects, the financing of a 100 megawatt (MW) wind power project in Kazakhstan, was signed between multiple Chinese and international companies and financial institutions.
Mozambique's debt to China is moderate, and the current repayment situation is generally normal and sustainable. In response to a study by the Centre for Public Integrity in Mozambique on "hidden debt," both diplomat and expert have said that a debt status reality check needs to be carried out whilst keeping development in mind.
During the COVID-19 pandemic lockdown, the Chinese port operator at Pakistan's southwest Port of Gwadar focused its attention on forest-planting, and has now successfully completed a friendship forest in a city situated in a desert climate, gifting the city its first ever green park.
China has made major achievements on its way to becoming a global power in air traffic with significant progress in the infrastructure sector.
During the 13th Five-Year Plan period, from 2016 to 2020, China has made great strides in improving the economy, people's livelihood and other fields.
Recent years have witnessed China-Bangladesh bilateral cooperation deepening, and China's Ambassador to Bangladesh believes the outlook for further cooperation is a promising one.
The 128th Canton Fair - formally known as the China Import and Export Fair - ended on Saturday after a successful online turnout, despite concerns over the global impact of the COVID-19 pandemic on trade shows.
The aviation industry is about to get the schedule for winter season from October 25, and mapping more domestic routes is obviously the choice for Chinese airlines as they try to save themselves from losses.
With China's biggest e-commerce gala, the Double Eleven (November 11), or the Single's Day, shopping spree approaching, international brands are seeing the shopping event as an important opportunity to boost their annual sales in one of the world's largest consumer markets.
On Tuesday, South China's Guangxi Zhuang Autonomous Region will hold its second conference for overseas Chinese entrepreneurs, one of the first local business fairs to re-launch after the COVID-19 crisis, though it will remain online. Thanks to Guangxi's geographic location neighboring Southeast Asia, it will also bring much-needed opportunities for companies to expand their operations in the region.
Japanese Prime Minister Suga Yoshihide started his first overseas tour on Sunday since assuming office. During the four-day tour, Suga is scheduled to visit Vietnam and Indonesia, two Southeast Asian countries that both hold significant influence in the region.
As China contains the COVID-19 pandemic, the country's business operations and industrial activities are on course for a full recovery. On a trip to the southern city of Dongguan, known as "the world's factory", the Global Times found that the city's integrated industrial chains and efficient local government have not only helped the city's economy recovery, but also played a vital role in the global economy via its PPE supplies. For more stories, please scan the QR code.
China has a large population, making employment key to guaranteeing the wellbeing of the workforce. Efforts and achievements have been made in Northwest China's Xinjiang Uygur Autonomous Region to safeguard job security and alleviate poverty. From 2014 to 2019, the total number of employees in Xinjiang rose from 11.35 million to 13.3 million, up 17.2 percent. Meanwhile, Xinjiang wiped out poverty in 25 poor counties and 3,107 villages, and Xinjiang will completely eliminate poverty by the end of 2020, according to a white paper released by the State Council Information Office on Thursday.
China and the Democratic Republic of the Congo (DRC)'s bilateral cooperation has been deepened by the countries' joint efforts to fight coronavirus. In an email to Global Times (GT), Chinese Ambassador to the Democratic Republic of the Congo (DRC) Zhu Jing, said that the epidemic situation will not last, but the long-term friendship between China and the DRC and the steady development of bilateral relations have a solid foundation for further economic and trade cooperation.
The year 2020 is an unusual year. The spread of the COVID-19 pandemic has endangered the health and safety of the people around the world, dealing a blow to the global public health system and creating hurdles to the regular interaction and cooperation between nations.
Beijing said it will gradually resume direct international flights starting Thursday as the COVID-19 outbreak has been contained, and it is widely believed there will be more international flights landing and taking off from Beijing soon.
China's homegrown memory chip manufactures will be able to fill the gap left by US-based memory chip producer Micron in the supplies to Huawei to a certain extent, but such replacement - coming against the backdrop of a chip ban drawing near - could mean that the Chinese tech giant will have a more difficult time ahead, in particular in its smartphone business, industry analysts said.
As a latecomer to the electric vehicle (EV) market, Europe has witnessed surging sales of green vehicles in the past few months, presenting a challenge to market-leader China. Despite this development, the overtake should not be exaggerated in the marathon-like EV race, analysts say.
US President Donald Trump's executive order banning China's TikTok could prevent US app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White House document seen by Reuters.
Boeing Co slashed production of its biggest twin-engine jets, delayed its new 777X by up to a year and began sunsetting the iconic 747 as it posted a bigger-than-expected quarterly loss dominated by the COVID-19 pandemic on Wednesday.
Restaurants and stores in China are putting salmon back on sale as consumer confidence picks up nearly two months after Beijing's second COVID-19 outbreak at the Xinfadi wholesale market, with some imported salmon dealers seeing up to 50 percent sales increases month-on-month in July.
As the COVID-19 epidemic in China is largely under control, the domestic sports industry is finally hearing some good news. China's top basketball league will allow audiences in the stadium in Qingdao, East China's Shandong Province from Sunday, the Chinese Basketball Association (CBA) announced early last week.
China and Myanmar witnessed the 70th anniversary of the establishment of diplomatic relations on June 8, 2020, during which President Xi Jinping and Premier Li Keqiang exchanged congratulatory messages with Myanmar President U Win Myint and Myanmar State Counsellor Daw Aung San Suu Kyi to celebrate this important historic moment.
Airbus deliveries rose 50 percent in June compared with May and reached their highest level since the coronavirus crisis spread to Europe in March, but the accelerating recovery failed to prevent first-half deliveries from sliding to a 16-year low.
Flights between China and South Korea are on track toward further resumption as both countries have brought the coronavirus largely under control.
It may come as a surprise to many that amid the current fanfare of India's "boycott China" campaign and other animosity toward Chinese goods and companies, Indian Defense Minister Rajnath Singh has admitted to the country's parliament that there was "no embargo" on imports of raw materials from China for the manufacturing of protective jackets for the army.
The idea of providing British National Overseas (BNO) passport holders in Hong Kong with access to British citizenship makes big political noise but would have little practical outcome, especially as the British economy has been devastated by Brexit, the ongoing pandemic and a high unemployment rate. Emigrating to the UK would only mean greater costs of living and future career risks for BNO passport holders, experts and Hong Kong residents said.
Not long ago, a China-Europe freight train carrying 35 containers - more than 300 tons of masks and protective suits - set off from Wuhan, Central China's Hubei Province to Duisburg, Germany.
Shen Xiang, who is in charge of poverty alleviation work in the Xide county of Southwest China's Sichuan Province, turned on his computer at 9 am on Sunday and began a normal day of work, checking processes and new work guidelines from a superior administrative unit.
Financial institutions including commercial banks will be encouraged to develop capacities suited to an open economy, and global exchanges for energy, shipping and bulk commodities will be supported, Pan Gongsheng, vice governor of the People's Bank of China, said at the press conference.
A team of Chinese scientists has discovered two human monoclonal antibodies that can block COVID-19 infection and can potentially be used for the development of relevant drugs and vaccines, according to a report the team published in Nature.
The novel coronavirus continues to churn the world by crushing public health systems and decimating thousands of lives each passing day. As the world's two most resourceful economies, the US and China should join hands in working out better therapeutics and speed up vaccine testing and development.
Cats can become infected with the new coronavirus but dogs appear not to be vulnerable, according to a study published on Wednesday, prompting the WHO to say it will take a closer look at transmission of the virus between humans and pets.
A worm-like creature smaller than a grain of rice that burrowed on the seafloor in search of meals like dead organic matter about 555 million years ago may be the evolutionary forerunner of most animals living today - including people.
As #COVID-19 spreads across the world, nations should together devise an emergency coordination mechanism to remove transportation barriers to solve the shortage of medical supplies in countries that need them most.
It is heartening to see that the ferocious spread of the coronavirus has been effectively contained in China, which has been evidenced by the single-digit daily new infections in the worst-hit city of Wuhan. Other provinces and cities in the country have largely been cleared of the disease.
Lacking transparency and an efficient response to the spread of novel coronavirus pneumonia (COVID-19), the US government has blinded global markets. Amid an epidemic that is sprawling worldwide, certainty is what the world needs most.
Scientists have spotted in rocks from northern China what may be the oldest fossils of a green plant ever found, tiny seaweed that carpeted areas of the seafloor roughly a billion years ago and were part of a primordial revolution among life on Earth.
NASA's robotic InSight lander has for the first time established that Mars is seismically active, but do not call the shaking, rattling and rolling taking place on the Red Planet earthquakes. The proper term, fittingly, is marsquakes.
A humanoid figure dressed as a maid holds a jug in its right hand and, as hidden gears click and whirr, lifts it and pours wine into a cup a bystander has placed into the palm of its left.
As Antarctica became the latest place on Earth to smash its high temperature record, new studies are alerting humanity to the risks of continuing to warm the continent that is home to enough frozen water to lift global sea levels dozens of meters.
After weeks of attempting to sow chaos and spread fear about the outbreak of the deadly novel coronavirus in China, some media outlets and individuals have shifted focus to another battlefield - the Chinese economy. The shift comes as Chinese officials have moved swiftly to minimize the potential blow to growth from the epidemic.
India on Saturday adopted harsh measures barring foreigners who have been to China since January 15 from entering the country via air, land or sea, according to a report by the Times of India.
Marco Rubio, the US senator behind the anti-China legislation on Xinjiang and Hong Kong, has lately taken another wrong step with his op-ed piece in The New York Times on Friday where he criticized, on unreasonable grounds, the financial services section of the phase one trade deal signed between China and the US.
The phase one China-US economic and trade agreement marks an important first step toward a final settlement of the two countries' trade disputes. They need to continue to meet each other halfway and implement the agreement well.
The future status of the steadily expanding Chinese economy has long been the subject of speculation.
The easing of the trade war does not offer sufficient relief to concerns over a potential China-US technology war.
Could US agricultural imports curb inflation in China? Probably not. China's shortage of pigs is a fact, which means the country's pork imports will expand further. But Brazil, instead of the US, is likely to become the biggest beneficiary of China's expansion of pork imports.
This year's annual tone-setting economic conference of China's senior policymakers is likely to be held earlier than usual, which may signal that China will set its next year's economic policy goals and agendas at its own pace regardless of the dynamic in bilateral trade talks.
China is taking the lead in photovoltaic development globally with an internationally competitive and complete industrial chain.