Chinese technology sector soars
Global market share ranking of Chinese smartphone vendors
China's global impact grows
China's GDP as a share of world total, based on PPP %
China's achievements in poverty reduction
In the past 40 years since reform and opening-up, 740 million people in rural areas have shaken off poverty in China.
New FTZ policies to deepen reforms in accordance to local industrial features
The State Council, China's cabinet, unveiled new measures on Friday to deepen reform and innovation in pilot free trade zones (FTZs) in the country, a move that aims to improve the business environment and facilitate trade.
City attracts thousands of foreign-funded projects since reform
According to statistics released by the Shanghai Municipal Commission of Commerce, the top 100 foreign-funded companies in Shanghai had total revenues of nearly 2.94 trillion yuan ($423.5 billion) in 2017, up 18.8 percent over the previous year. Their exports and imports reached $169.9 billion in 2017, up 9.83 percent.
Shanghai forum discusses supply-side structural reform for a new age
International cooperation is one of the most brought-up phrases by speakers who shared their expectations to further and deepen scientific and innovation cooperation with the platform of Pujiang Innovation Forum.
Shanghai to exemplify China's opening-up with reform measures in finance, trade
Shanghai will be made into a "name card" for China's opening-up policies, not only in finance and overseas investment, but also in trade, Shanghai-based economic experts said on Monday.
Railway workers recap train development in China since reform of 1978
Railway workers at Ji'nan West High-speed Railway (HSR) Station, a key stop along the Beijing-Shanghai HSR line, share with the Global Times a personal account of the Chinese railway industry's development during the four decades following China's reform and opening-up in 1978. From an underdeveloped industry to a world-leading public service, the industry is developing fast and laying solid foundation for China's economic growth. Achieving profitability only six years after its launch, the Beijing-Shanghai line is the world's fastest railway line in commercial operation.
Bolstered by the ongoing nationwide economic reform, Wenzhou's manufacturing industry now seeks restructuring
Wenzhou's electric appliance sector had been developing rapidly in the wake of China's reform and opening-up policy, which stimulated massive market demand. But as time went by, the sector, like other manufacturing industries in Wenzhou, faced a crossroads, as traditional advantages like cheap labor dwindled and market overproduction weeded out small companies. Experts warn that some Wenzhou merchants don't have innovative mind-sets, which are the only way to preserve local manufacturing glory.
Wenzhou ex-fugitive shares business journey during China's 40-year economic reform
Merchants from Wenzhou, East China's Zhejiang Province are known for their talents in doing business. Many of them have grasped opportunities created by China's reform and opening-up policy to make ventures. The Global Times recently interviewed Hu Jinlin, a Wenzhou businessman nicknamed the “electric appliance king,” to talk about his business ups and downs during the 40 years of reform and opening-up.
China's reforms will further boost globalization
In 2018, China celebrates the 40th anniversary of its reform and opening-up. In his keynote speech at the opening ceremony of the annual Boao Forum for Asia Annual Conference in April, President Xi Jinping said China will complete its revision of the negative list on foreign investment in the first half of the year and implement an across-the-board management system based on pre-establishment national treatment and the negative list.
Fujian-based airline, airport bolster national reform and opening-up
Thanks to China's economic reform and opening-up over the last four decades, more and more people are now able to afford to travel by airplane, especially as travel demand increased and as routes became more internationalized. Global Times reporter Zhang Hongpei recently paid a visit to Xiamen Airlines and Xiamen Gaoqi International Airport, both of which were considered reform pioneers in the 1980s, not only in the Xiamen Special Economic Zone, but also in China's aviation industry at large. This is the last part of a five-part story.
Taiwan businessmen witness mainland's evolving business environment over 40 years of reform and opening-up
Chen Xiurong, a 50-something Taiwan businesswoman who came to East China's Fujian Province in the late 1990s, has experienced a dramatic shift in the market environment over the years, from needing to pay to take an elevator in a department store to ordering everything through the click of a mobile phone.
Coastal pilot FTZs in Fujian set to take on bigger role along new Silk Road
Pilot free trade zones (FTZs) have become key agents in promoting and bolstering China's reform and opening-up policy. As the country further deepens its reform and boosts innovation in its coastal FTZs, the China (Fujian) Pilot FTZ is now ready to navigate more toward the routes of the 21st Century Maritime Silk Road, the maritime part of the China-proposed Belt and Road (B&R) initiative. Global Times reporters Li Xuanmin and Zhang Hongpei recently visited to the China (Fujian) Pilot FTZ to investigate how the zone has developed to help implement the initiative and drive further opening-up. This is the fourth part of a five-part story.
Dare to be a pioneer
The past four decades have seen a drastic shift in China's economic system, from a planned economy to a diversified and vibrant market-oriented economy, a result of the country's reform and opening-up policy that was announced by the central government in 1978. Significant reform of a State-owned enterprise (SOE) in Fuzhou, capital of East China's Fujian Province, has played a vital role in breaking the shackles imposed by a planned economy. Global Times reporter Li Xuanmin recently paid a visit to Fuzhou to interview the initiator of the country's very first SOE reform. This is the third part of a five-part story.
Xiamen drives China's economic opening-up with first domestic JV bank
The 40th anniversary of China's reform and opening-up is a good time to reflect on the country's economic development. Over the past 40 years, China's southeastern coastal cities have been at the forefront of the nation's economic drive. In particular, the Xiamen Special Economic Zone (SEZ) has witnessed rapid economic development and played the role of a “test ground” after it established the first joint venture bank in China – Xiamen International Bank. Global Times reporter Zhang Hongpei recently paid a visit to the SEZ to investigate the opening-up of its financial sector. This is the second part of a five-part story.
Quanzhou locals drive national reform, economic opening-up with homegrown shoe brands
This year marks the 40th anniversary of China's reform and opening-up policy. During the past 40 years, China's eastern coastal cities have been at the forefront of the nation's economic reform. In particular, Quanzhou in East China's Fujian Province, known for its vigorous private economy and homegrown brands, was cited in 2008 as one of 18 successful cases of local reform and opening-up. Global Times reporter Li Xuanmin recently paid a visit to the city to investigate the role of the private sector in Quanzhou's economic growth. This is the first part of a five-part story.
China to safeguard global trade system
China's ongoing trade talks with the US are not only aimed at achieving reciprocal outcomes but are also meant to safeguard the multilateral trade system, experts said.