Insight
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
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  • 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
  • Belgrade-Budapest Railway section: one year on

    On March 19, 2023, the Belgrade-Budapest Railway (Belgrade-Novi Sad section), a landmark project under the China-proposed Belt and Road Initiative (BRI), will soon welcome its first anniversary. With its outstanding product and service quality, the Belgrade-Novi Sad railway has offered a speedy, convenient, and comfort travel experience to the Serbian people. The railway is significant not only for the development of Serbia but also for the connectivity improvement between the region and other parts of Europe and Asia, contributing to improved connectivity among Central and Eastern European Countries (CEEC). Serbian President Aleksandar Vucic has, on multiple occasions, commended the progress made by the railway.

    By GT staff reporters | 2023/3/16 21:56:24
  • Tiger painting industry lifts a small village called Wanggongzhuang to prosperity

    The tiger, one of the Chinese zodiacs, whose mighty power and spirit are broadly adored in the country, has the implied meanings of power, courage, wisdom and physical health - used for "dispelling evil" in traditional Chinese culture.

    By Tao Mingyang in Wanggongzhuang | 2023/3/15 19:31:04
  • India has a long way to go to compete with China in semiconductors depsite US support

    While the US just struck a deal with the Netherlands to control chip exports to China, it signed a memorandum of understanding (MOU) with India on semiconductor cooperation in an obvious move to enlist India to join its small, exclusionary circle against China in the global semiconductor industrial and supply chain.

    By Ma Jingjing | 2023/3/14 19:58:45
  • E.China's Jiangxi to step up crackdown on illegal mining of strategic minerals

    East China's Jiangxi Province, a major rare-earths production base, has issued a plan to crack down on illegal mining of strategic minerals such as lithium and rare earths, in a bid to promote the high-quality development of the mining sector.

    By Global Times | 2023/3/12 20:55:36
  • US, EU set to start talks on mineral trade deal to 'reduce dependence on China'

    A reported plan between the US and the EU to reach a trade agreement on critical minerals that aims to “reduce their dependence on China” is another push by the US to target China's leading industries through moves that are against market rules, a Chinese expert said on Thursday.

    By Global Times | 2023/3/10 2:00:16
  • Foreign envoys hail China's BRI projects, confident in future cooperation

    China plays a vital role in international infrastructure buildup, especially under the China-proposed Belt and Road Initiative (BRI). Foreign envoys have hailed China's overseas infrastructure projects, saying they have brought tangible socioeconomic benefits to local communities by promoting connectivity and creating jobs.

    By GT staff reporters | 2023/3/2 17:46:00
  • How Dingxiang county in Shanxi Province gains global prominence with small metal flanges

    In late 2022, Bright Future, a Chinese television series that recounts the stories of grassroots officials tirelessly leading locals in the fictional Guangming County to prosperity, went viral in China. The series was so popular that it sparked widespread interests and a search for the "real place" in China that inspired the story.

    By Tao Mingyang in Dingxiang | 2023/3/1 20:05:31
  • Europe remains largest importer of Chinese photovoltaic products

    China recorded new highs in output value and the export of photovoltaic (PV) products in 2022, with Europe remaining the most important export market, accounting for more than 50 percent of total exports, data from domestic industry group showed. It means that China has made important contributions to maintaining global energy security and stability, especially alleviating energy crises in the EU region.

    By GT staff reporters | 2023/2/20 20:19:59
  • Global cruise companies look for earliest reentry into China's market

    With China reopening its borders and the gradual recovery of cross-border travel, those in the cruise industry market say they are taking a hopeful look into the earliest possible reopening of China's cruise market, which was the world's second-largest before the COVID pandemic struck.

    By GT staff reporters | 2023/2/7 19:05:17
  • Openness, not decoupling, makes China's national innovation system unique

    As the competition between China and the US in the global industrial chain reaches white hot levels, people often talked about the regionalization or localization of supply chains, a topic often raised together with supply chain diversification. These are the reactions of supply chains to geopolitical tensions, but also to some of the recent global shocks like the pandemic and the outbreak of conflict in parts of the world.

    By Global Times | 2023/2/1 21:26:34
  • China's economic vitality underpinned by 3-year dynamic COVID response, a divergence from chaos in the US, Europe

    The once-a-year Spring Festival, China's most important traditional holiday, had just ended with a stunning rebound in consumer spending. Shopping malls, restaurants were thronging with shoppers, and overseas travelling companies across the world from Thailand, Singapore to Indonesia were also eagerly welcoming the return of Chinese travelers with their biggest smiles.

    By GT staff reporters | 2023/1/30 21:10:58
  • Guangxi's Hengzhou grows into world jasmine center amid rural revitalization, providing 60% of global supply

    Hengzhou, South China's Guangxi Zhuang Autonomous Region, a renowned production base for jasmine flowers, has turned the small flower into a prosperous industry, supplying about 60 percent of the world's jasmine flowers and jasmine tea.

    By Ma Jingjing, Yin Yeping and Tao Mingyang | 2023/1/16 20:12:13
  • Economists bullish over Chinese economic outlook in 2023, with growth forecast of over 5%

    In recent interviews with the Global Times, a number of economists expressed their confidence in a rapid recovery across the Chinese economy in the first months of 2023, pinning their hope on the world's second-largest economy to lead a global economic recovery out of the shadows of the COVID-19 pandemic.

    By GT staff reporters | 2023/1/15 18:46:41
  • GT on the spot: Wanding port, Yunnan, rapidly recovering in regained bustle

    On Wednesday afternoon, two lines of fully loaded trucks were waiting to be cleared at the Mangman passage of the Wanding Port in Southwest China's Yunnan Province.

    By GT staff reporters in Ruili | 2023/1/11 22:58:48
  • Airlines gear up to offer growing international flights in 2023

    As flight CZ312 of China Southern Airlines from Toronto landed at the Guangzhou Baiyun International Airport, South China's Guangdong Province at 0:16 am on Sunday, China officially entered a new phase in its response to COVID-19 as it largely removed entry restrictions.

    By Tu Lei | 2023/1/8 20:32:18
  • Health testing service for COVID-recovered patients sees surging demand in China

    Domestic private clinics are ramping up efforts to rollout their specially-designed testing service for COVID-recovered patients, with orders at some testing centers in Beijing quickly eclipsing all regular testing services, as China is quickly approaching peak infections after optimized epidemic control measures were implemented in mid-December.

    By Global Times | 2023/1/3 17:45:53
  • From bond to stocks, China's financial doors are opening wider

    In spite of economic pressure China is currently facing as a result of epidemic fluctuations and other factors, China's pace of financial market opening-up is progressing at a vigorous pace across a range of areas ranging from bonds to the mainland-Hong Kong stock connect program.

    By GT staff reporters | 2022/12/27 20:52:13
  • Skiing resorts pick up recovery momentum after infection spike

    With optimized COVID measures and many now recovering from infections, many cannot wait to hit the slopes.

    By Tao Mingyang and Zhang Hongpei | 2022/12/26 22:01:55
  • Jiangsu and Zhejiang provinces pledge new efforts to stabilize foreign investment following overseas trips

    As the world's second-largest economy has optimized its COVID-19 response and vowed stronger support for economic growth, many Chinese provinces and regions have sent trade delegations to Europe, striving to fortify business ties with their overseas peers.

    By GT staff reporters | 2022/12/25 19:20:07
  • China races to ensure medical supplies as COVID cases rise; 'problem likely to be solved in 10 days'

    After China released 10 optimized measures against COVID-19 and lifted some anti-epidemic restrictions, many localities across the country are recording a surge in infections. However, the overall epidemic as well as the social and economic situation remain stable thanks to the country's robust and proven industrial and supply chains. To illustrate how China's resilient industrial and supply systems offer a necessary guarantee for anti-epidemic efforts and how the overall improving epidemic situation underpins economic recovery, the Global Times is publishing a multipart series. This is the first installment which focuses on China's medical supplies.

    By GT staff reporters | 2022/12/14 17:46:30
  • Govt-backed business charter flights highlight top-down Chinese fighting spirit, set to boost market confidence

    Across China, from East China's Zhejiang and Jiangsu provinces to South-west China's Sichuan and South China's Guangdong provinces, government-backed charter flights organized for private business groups - with the aim of snapping up more export orders - have been making headlines since late November, in a vivid display of the country's top-down fighting spirit and great enthusiasm, as the world's manufacturing base starts running in full throttle.

    By GT staff reporters | 2022/12/10 1:30:37
  • US formally ends shady case against Meng Wanzhou, makes a fool out of Canada

    A US district judge in Brooklyn, New York on Friday dismissed an indictment against Meng Wanzhou, chief financial officer of Chinese telecom giant Huawei Technologies. The move is purely a formality after a deferred prosecution agreement reached with US prosecutors in September 2021, which paved the way for Meng's release by Canadian authorities and her subsequent return to China.

    By Wang Cong | 2022/12/3 22:52:26
  • US Nov rate hike unlikely to push down yuan as much as before: experts

    A flurry of optimism prevailed on global markets ahead of the US Federal Reserve's announcement of its interest rate hike decisions for November, with markets anticipating that the pace of the hikes will ease next year given dismal economic data in the US.

    By Xie Jun | 2022/10/31 21:02:44
  • CNOOC discovers large deep-water gas field, containing 50 billion cubic meters of fuel

    China discovered its first large deep-water deep-stratum gas field with proven reserves exceeding 50 billion cubic meters (bcm) in the sea southeast of Hainan Province, marking strong progress for the country in accelerating deep-sea exploration which will further ensure national energy security.

    By Global Times | 2022/10/20 21:29:42
  • Chinese exporters see mixed orders for Halloween, Christmas

    Chinese exporters have seen weak demand for festive products for coming Halloween, with orders down nearly 40 percent year-on-year. However, Christmas consumption shows the opposite trend, as the festival is more commonly celebrated on a global level.

    By Global Times | 2022/10/20 21:24:00
  • India not part of IPEF trade pillar lays bare interest difference with US

    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
  • 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
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