The Chinese economy has started off in an upbeat note, with most provinces across the country showing a stepped-up recovery trajectory in the first quarter of the year — fueled by robust industrial growth, a warm-up in external demand and ...

Chinese economic officials have slammed the hyped “overcapacity” tag on Chinese new energy products on Friday, calling it “a carefully crafted narrative trap created by some countries with the aim of making it a pretext to implement trade protective measures.” ...

More than 181,000 visitors from the Chinese mainland entered Hong Kong on Wednesday, the first day of the five-day May Day holidays, surpassing numbers for the same period in 2023, data from the Immigration Department of the Hong Kong ...

Recently, the West has been unreasonably hyping up the false narrative of "overcapacity" in China. Even the IMF warned on Tuesday that China's policies that boost supply would worsen overcapacity, reinforce deflationary pressures, and potentially provoke trade frictions.

Recently, upon entering the production workshop of Roselot in Ningjin County, Dezhou City, Shandong Province, people would find 200 robotic arms and 180 intelligent machining centers independently processing. In the flickering flames, fitness equipment is gradually being assembled.

As a strategic industry, the low-altitude economy is emerging as a forerunner in developing new quality productive forces across China, including the southern island province of Hainan.

China Southern Airlines has ordered 100 home-made C919 aircraft from Commercial Aircraft Corporation of China (COMAC), the carrier said in a filing on Monday.

The Global Times held a major investment promotion conference on Sunday in Beijing. The conference focused on showcasing the new development of cities from all angles and promoting the economic development of Chinese urban and regional areas, providing a discussion ...

With China's increasing focus on the commercial aerospace industry, multiple Chinese private companies unveiled their launch arrangements for the year at the 2024 Zhongguancun Forum (ZGC Forum), demonstrating a clear map for the development of private commercial aerospace industry.

The global copper price has shown a robust upward trend since the beginning of April, with the prices exceeding 80,000 yuan ($11,039.81) per ton, a 14-year high, reflecting the recovery of the world's second largest economy.

The free trade agreement (FTA) between China and Ecuador will be effective from May 1, China's Ministry of Commerce (MOFCOM) said on Monday, aiming to further unleash the potential of trade and investment cooperation between the two countries.

Seizing the springtime, construction is in full swing. On April 23rd, at the important project of Henan Province's new energy vehicle industry cluster—the Luoyang Zhongzhou Era New Energy Production Base—the sound of machinery is loud and clear as construction workers ...

AITO Automobile, a Huawei-backed new energy vehicle brand, said it is actively investigating the incident in collaboration with the local traffic police department after a serious traffic accident took place in Yuncheng, North China's Shanxi Province.

As multiple Asian currencies including the yen, won and rupee continue to depreciate against the US dollar, mainly due to the US Federal Reserve's policy, the yuan has maintained its resilience in the foreign exchange market.

In response to the recent "overcapacity" hype by some US government officials, Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, told Chinese media on Friday that the debate about manufacturing capacity to a large ...

As China shifts up a gear in the development of its vast western region, which covers more than 70 percent of the country's landmass, China will further open its economy and share its quality resources, such as the market, with ...

The US capital market seems to have run into uncharted territory as investors waiting for the Federal Reserve's first interest rate cut in nearly two years are getting news of "a double whammy" - the US economic growth is slowing ...

Industry insiders and company representatives at the ongoing Beijing International Automotive Exhibition emphasized the importance of global cooperation in the upcoming age of smart and intelligent vehicles, as more foreign companies announced plans to deepen cooperation with Chinese partners.

Despite the so-called overcapacity hype, Tesla CEO Elon Musk made a visit to China on Sunday, showcasing the resolve of the world-leading electric car maker to develop in the Chinese market, its second-largest.

China's National Immigration Administration (NIA) has unveiled an array of new measures on Sunday that bring more conveniences to the entry and exit management of the public and businesses, including streamlining document processing and application, extending the duration of business ...

China announced an auto trade-in policy recently to encourage scrapping of more polluting vehicles for new-energy vehicles (NEVs) or fuel-efficient cars. Industry experts predict the policy will generate demand for millions of new car sales, opening up a huge market ...

Azerbaijan has been one of the earliest and most active respondents and participants of the China-proposed Belt and Road Initiative (BRI), having actively engaged in a wide range of investments and projects. As bilateral relations between China and Azerbaijan have ...

Cathay Pacific CEO emphasized the importance of the Chinese mainland market to the carrier and said that it will continue to expand flight routes in the mainland.

Tesla CEO Elon Musk arrived in Beijing on Sunday at the invitation of the China Council for the Promotion of International Trade (CCPIT). Ren Hongbin, president of the CCPIT, met with Musk and engaged in discussions regarding future cooperation, according ...

A delegation comprised of more than 25 diplomatic envoys from 15 countries, including Madagascar, Finland, Bulgaria, Cambodia, Belarus and Germany, engaged in a five-day tour of South China's Hainan Province from April 22 to 26, aiming to delve into the ...

The General Administration of Customs (GAC) will approve the import of grapefruit and other agricultural and fishery products from the island of Taiwan that meet the quarantine requirements of the Chinese mainland, an official of GAC said on Sunday, when ...

More than 70 percent of surveyed foreign-invested companies in China are optimistic of the growth in Chinese market in the coming five years, up 3.8 percentage points from the previous survey, the China Council for the Promotion of International Trade ...

China's immigration authorities announced that, starting from May 6, Chinese mainland residents who travel to Hong Kong and Macao on business trips will be able to stay for up to 14 days per visit, a significant increase from the previous ...

China and the US are set to hold the first meeting in their intergovernmental dialogue on artificial intelligence (AI). Chinese and US experts said it is a positive development that could lead to areas of agreement as there are numerous ...

Chinese officials and scholars vowed to promote the development and commercialization of 6G technology, with the nation's telecommunication achievements providing strong foundations.

Tiangong, a humanoid robot described as the world's first full-sized humanoid robot capable of running solely on electric drive, was unveiled in the Beijing Economic-Technological Development Area on Saturday, coinciding with the reveal of several AI technological breakthroughs at the ...

While US-led Western countries are taking unilateral and protectionist actions against China's booming new-energy vehicle (NEV) sector, the world's leading automakers such as BMW Group have briskly increased their investment in the China market for greater opportunities, expressing their confidence ...

"Currently, the world economy is gradually recovering, and the energy industry is accelerating its green and low-carbon transition. Developing nuclear energy has become a broad consensus globally," said Yu Jianfeng, chairman of the China National Nuclear Corporation (CNNC), at the ...

As the May Day holidays draw near, Chinese cities are buzzing with excitement as trade-in activities and consumption events are set to take center stage across the country, which will help boost the country's recovery in consumption.

China's first homemade large passenger aircraft C919 has received another major order from China's national carrier, a move that showcases not only the growing market for the aircraft but also the country's advanced manufacturing capabilities, observers said on Saturday.

Chinese tech-firm ShengShu-AI and Tsinghua University on Saturday unveiled text-to-video artificial intelligence (AI) model Vidu, which is said to be the first in China that's on par with Sora, in another manifestation of China's rapid development in the emerging critical ...

Profits of China's major industrial firms increased 4.3 percent year-on-year in the first quarter of 2024, reversing a 2.3-percent decline registered in 2023, as market demand sustained recovery trend amid intensifying macro-policies, official data showed on Saturday.

The BRICS are advancing the progress of its common currency, while actively promoting the use of local currencies from member states to reduce the risks of solely relying on the US dollar, South African Ambassador to China Siyabonga Cyprian Cwele ...

China introduced a new policy on Friday aimed at encouraging trade-ins of more polluting vehicles for new energy vehicles (NEVs) or fuel-efficient cars. This initiative, launched as part of an action plan to foster large-scale equipment renewal and trading-in of ...

The recovery of China's cruise market accelerated on Friday with the return of another large foreign cruise ship to Shanghai's Wusongkou International Cruise Port.

Smart technologies in the auto industry chain are featuring at the ongoing Beijing International Automotive Exhibition, ranging from artificial intelligence (AI) to autonomous driving.

Senior representatives of Japanese companies and industry groups have expressed their optimism about the future outlook for the Chinese market, as well as the potential for new opportunities.

Track laying work for a 108-kilometer-long section of the Hungary-Serbia Railway between Novi Sad and Subotica was completed on Thursday, China Railway said in a press release sent to the Global Times.

Many Asian currencies have been hit this year by the strength of the US dollar, and it seems especially so for the Japanese currency. The yen hit a fresh 34-year low against the dollar on Thursday. This added to market ...

Recently, the US and some Western countries, politicians, and media outlets have frequently hyped the narrative of China's so-called "overcapacity," particularly targeting China's emerging new energy sectors, including electric vehicles (EVs) and photovoltaic (PV), for alleged excess production. However, while ...

After a four-year absence of its offline show, China's largest auto show, or 2024 Beijing International Automotive Exhibition, which kicked off in Beijing on Thursday, has regained global attention. Global players such as Volkswagen and Mercedes-Benz are signaling their entry ...

As an important engine for developing new quality productive forces, artificial intelligence (AI) is one of China's strategic emerging industries, making rapid progress in both development and application, constantly achieving breakthroughs. This is largely due to China's unique comprehensive advantages ...

While many have been focusing on Washington's suppression of the Chinese technology sector, that's just the tip of the iceberg, and less attention has been paid to the spillover effect on US exports and jobs. A report released by the ...

China firmly opposes the groundless "overcapacity" hype by some Western countries and urges relevant countries to objectively and comprehensively look at global demand for new energy and China's new-energy development, China's Ministry of Commerce (MOFCOM) said on Thursday.

As Japan announced plans on Wednesday to launch an anti-dumping investigation into graphite electrodes imported from China, Chinese experts and industry insiders said on Thursday that the move may be a case of the Asian country following US' footsteps in ...

An official from China's Supreme People's Procuratorate (SPP) vowed on Thursday to strengthen the protection of intellectual property and researchers in future-oriented industries, aiming to create a favorable environment to spur innovation.

Cutting-edge technological achievements from artificial intelligence (AI) to life sciences and new materials were unveiled as the 2024 Zhongguancun Forum (ZGC Forum) kicked off on Thursday in Beijing, showcasing China's rapidly progressing technology development and its continuous efforts to promote ...

China on Thursday kicked off in Beijing a major forum focusing on scientific and technological (sci-tech) cooperation, with participants from more than 100 countries and regions. This is believed to be another example of the country's commitment to pursuing sci-tech ...

As of Wednesday, 1,369 listed Chinese companies had disclosed their first-quarter results, with 1,144 reporting profits and 35 reporting net profits exceeding 1 billion yuan ($138 million). Technology-related companies demonstrated impressive financial results as China's economy steadily recovers and undergoes ...

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

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

Chinese Foreign Minister Wang Yi recently concluded his successful visit to three Asia-Pacific countries, displaying China's willingness to strengthen cooperation with the region. As good friends and economic partners based on mutual respect, equality, and mutual benefit, China's relations ...

Foreign companies are eyeing growing opportunities across China's consumer market driven by the huge market size of the world's second largest economy, reaffirming the vital role of China as part of their global operations.

Bayer, in collaboration with Tsinghua University and Peking University, recently announced the recipients of the Bayer China Academic Collaboration Award 2023. This prestigious award includes the Bayer Endowed Chair, the Bayer Investigator, the Bayer Microfunding program and the Bayer Postdoc ...

The China Chamber of Commerce to the EU (CCCEU) has expressed deep disappointment about an inquiry by the European Commission (EC) into China's public procurement of medical devices, and called on the European side to prioritize dialogue and be prudent ...

China's commerce ministry expressed strong opposition on Wednesday to the EU's raid on a Chinese firm, which is part of the bloc's fifth subsidy investigation targeting Chinese businesses since February.

China's steadfast progress toward high-quality development impressed a delegation of diplomats, who toured the Wenchang Aerospace Supercomputing Center and Wenchang International Aerospace City in South China's Hainan Province on Tuesday. They expressed profound interest in and optimism on the country's ...

Xinjiang's leading position in the new-energy field can be concrete evidence showcasing China's efforts to maintain stability, promote economic development and enhance livelihoods in the region.

Hong Kong stock market rebounds as sentiment improves, with benchmark Hang Seng Index closing at 17,201.27 points on Wednesday, up 2.2 percent. The revival of the Chinese mainland internet sector sends an encouraging signal to Hong Kong's stock market, where ...

The US is reportedly working to review the potential risks of RISC-V chip technology being used by major Chinese technology companies, which is seen as a new front of the expanding technology war initiated by the US that aims to ...

Foreign capital and international financial institutions are expanding their investment in the Chinese market following the release of better-than-expected first-quarter economic data and high-level opening-up in the financial sector. Industry analysts said that the long-term investment value of yuan-denominated assets ...

In recent years, with consumers' surging interest in NEVs, the demand for supporting charging facilities has continued to grow. Issues such as the difficulty of installing charging posts for NEVs in residential communities, inconsistent pricing, and challenges in implementing safety ...

Starting from Sunday, Air China, one of China's largest airline companies and the national flag carrier, will launch two new routes and resume two routes, taking the network back to six continents.

Chinese economy is rebounding and the long-term trajectory of positive growth is unlikely to change, Foreign Ministry spokesperson Wang Wenbin told a press conference on Wednesday.

China firmly opposes so-called “overcapacity” hype accused by some Western countries with the speculation wholly unjustified, Chinese Foreign Ministry spokesperson Wang Wenbin said on Wednesday, stressing that the world does not need China to reduce production, but rather more money ...

The development of new quality productive forces in the Chinese mainland is characterized by greater inclusiveness and a higher level of opening-up, which will provide new opportunities for Taiwan-based companies for their participation in the high-quality development of the mainland, ...

A representative from a hotel based in the Chaoyang district, Beijing, told the Global Times on Wednesday that guests can just check in with their legal identity documents following verification, noting that facial recognition is no longer mandatory.

China has urged the European side to abide by the commitment to market openness and the principle of fair competition, adhere to WTO rules, and cease unjustified suppression of and restrictions on Chinese enterprises under various pretexts, Chinese Ministry of ...

China's long-term government bond yields are expected to match the country's long-term economic growth expectations, an official from the People's Bank of China (PBC), the central bank, said in an interview with the Financial News on Tuesday.

Azerbaijan hopes to attract more Chinese investors as the country is pursuing sustainable development and green transformation, as well as greater transport connectivity and other economic goals under the China-proposed Belt and Road Initiative (BRI), officials from Azerbaijan said at ...

Multiple Chinese online tourism agencies (OTAs) have recorded a surge in bookings for the five-day May Day holidays, particularly for mid- and long-distance trips. Among international trips, countries with visa-free policies have gained in popularity with Chinese tourists.

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

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

While the West has become critical of China's efforts in promoting the green energy sector, there is also a growing awareness that it needs to take action and invest more money and resources in clean energy.

Saudi oil giant Aramco said on Monday it is in talks with Hengli Group to acquire a 10 percent stake in a subsidiary of the Chinese firm that specializes in refining and petrochemicals. The negotiations mark the latest efforts by ...

Diplomats see vast potential for trade and investment cooperation across multiple sectors in South China's Hainan Province as the island is accelerating its high-level opening-up on all fronts, following the conclusion of the 4th China International Consumer Products Expo and ...

The second phase of the 135th session of the China Import and Export Fair, also known as the Canton Fair, kicked off in Guangzhou, South China's Guangdong Province on Tuesday, attracting about 10,000 domestic and international enterprises to display products ...

Governor of South Australia Frances Adamson's visit to China is another positive sign for continuously advancing bilateral ties with more cooperation potential to be explored at the local level following China's move to lift anti-dumping and anti-subsidy tariffs on Australian ...

US companies saw an improvement in China's business climate and regulatory environment in 2023, and they held an attitude of "cautious optimism" about in their operations in China, amid the country's stepped-up efforts to attract foreign investment and signs of ...

China's main business group in the EU has excoriated Brussels for weaponizing its own regulations to engage in economic coercion of Chinese businesses, and the group urged the EU to treat Chinese firms fairly, after the EU launched investigations into ...

Alibaba Group reportedly plans to invest in a South Korean online retail platform, its first such investment, as it seeks to bolster its position as a leader in global e-commerce while accelerate cross-border digital trade between China and South Korea. ...

Starting from April 28, Air China will launch and resume four routes such as Beijing-Riyadh and Beijing-Dhaka flights, meaning its network will again cover six continents, the latest example reflecting Chinese airlines' efforts to expand overseas services driven by rising ...

China created 3.03 million new jobs in the first three months, accomplishing about one quarter of the yearly employment goal of 12 million, data from the Ministry of Labor and Human Resources showed on Tuesday.

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

China has 3.03 million new jobs in Q1, 1/4 of year-target reached

The IMF said in a recent report that the soaring US deficit rate could pose “significant risks” to the global economy, as it is creating more inflationary pressure.

Orders related to the upcoming Paris Olympic Games have seen strong growth for merchants in Yiwu, the small commodities hub in East China's Zhejiang Province, the Global Times learned from industry insiders on Monday.

China's Minister of Commerce Wang Wentao attended a forum on Monday between China and Portuguese-speaking countries (PSCs) in the Macao Special Administrative Region, to discuss further upgrades to multilateral cooperation by connecting with the Belt and Road Initiative (BRI), according ...

The West's growing tendency to label China as having overcapacity is based on groundless accusations and does not hold water. China's cooperation with developing nations cannot be defined by Western narratives.

Although Elon Musk's planned visit to India has been postponed, Tesla's entry into the Indian market is expected to continue. However, amid fierce international competition, a key question is whether India's manufacturing sector can help the EV giant achieve its ...

Chinese Premier Li Qiang on Monday called for accelerating the construction of a secure, regulated, transparent, open, dynamic and resilient capital market, so as to support the country's effort to build itself into a financial powerhouse and pursue Chinese modernization. ...

China's installed capacity for power generation from clean-energy sources surged in the first quarter, which analysts attributed to growing domestic demand as China is pursuing high-quality and green development.

US credit ratings agency Fitch's decision to downgrade China's sovereign credit rating outlook from stable to negative - which came shortly after US Treasury Secretary Janet Yellen's recent visit to China during which she complained about the country's "overcapacity" - ...

​In September 2020, China set ambitious goals to achieve “peak carbon” emissions by 2030 and strive for “carbon neutrality” by 2060, marking a monumental step in the global shift toward sustainability. This decisive action has not only galvanized state institutions, ...

The People's Bank of China (PBC), the country's central bank, on Monday released the South Korean language version of a guide to payment services for foreigners visiting Zhangjiajie in Central China's Hunan Province, one of the fresh efforts to facilitate ...