The chief executive of Dutch semiconductor equipment maker ASML, which has been caught up in Washington's technology crackdown on China, said reportedly that US-led restrictions on the company's exports to China are becoming more “economically motivated” over time, noting that “there will be more pushback.”

The Silk Road Maritime International Association, based in Fujian Province, is implementing a comprehensive development strategy to promote a global sea transportation network under the Belt and Road Initiative (BRI), offering stable and secure logistics solutions amid complex international environment.

Mercedes-Benz Group on Wednesday said that it plans to invest more than 14 billion yuan ($1.97 billion) with local partners in China to enrich its localized portfolio of cars and vans, a move that further highlights its continuous confidence in China.

In response to national initiatives aimed at boosting consumption, multiple Chinese online platforms are advancing efforts to allow interoperability among different payment channels. This move, combined with the distribution of consumer vouchers and promotions for trade-ins, is set to significantly elevate China's consumption recovery.

Chinese electric vehicle (EV) maker BYD has reportedly denied media reports that said it will postpone a decision to build a factory in Mexico until after the US election. The move showed that Chinese EV makers are gearing up their global expansion despite external noise and certain countries' so-called “industrial overcapacity” tag that maliciously targets the Chinese EV industry.

On Thursday, at 11:23, an Air China C919 aircraft with the registration number B-919X, landed smoothly at the Beijing Capital International Airport in Beijing. It taxied slowly through a water cannon salute, as it was welcomed at the airport. Air China's first C919 aircraft has now officially joined the fleet.

Workers are busy filling photovoltaic module orders on a production line in Suqian, East China's Jiangsu Province on August 28, 2024. From January to July, new solar installations in China totaled 123.53 gigawatts, a year-on-year increase of 27 percent, maintaining steady growth. Photo: VCG

Multinationals' development in China is an important part of the country's path to Chinese modernization, a new report showed on Wednesday, calling for multinationals to continue investing in China with steadfast confidence and seize opportunities created by its continuous opening-up, development of new quality productive forces and other factors.

Two Chinese airlines receive their first C919 aircraft, marking a new phase of multi-user operation of the China-made jet

Chinese biochemical companies are striving to maximize production capacity for mpox test kits as cases are spreading around the world.

China will more than double its commercial airplane fleet by 2043 as its aviation industry expands and modernizes to meet growing demand for passenger and cargo air services, Boeing said on Tuesday, highlighting that the recovery of Chinese economy is the driving force behind it.

On August 20, the European Commission (EC) unveiled a draft decision to impose final countervailing duties of between 17-36.3 percent on battery electric vehicles (EVs) imported from China. Since the case was first launched in September 2023, it has attracted close attention from the international community.

The 2024 summit for the Forum on China-Africa Cooperation (FOCAC) is scheduled to take place in early September in Beijing. In a world marked by rising geopolitical tensions and economic uncertainties, the summit will likely signal a commitment to a multilateral approach based on mutual respect and shared interests. As global powers become increasingly polarized, the China-Africa partnership offers an alternative model of international relations, one that emphasizes South-South cooperation and rejects the zero-sum mindset often seen in North-South interactions.

The release of Chinese video game "Black Myth: Wukong" immediately activated gaming sector investment, with the scale of eight exchange-traded funds (ETF) tracking game companies' stocks at the Chinese stock market surpassing 14 billion yuan ($1.97 billion), according to the Securities Daily, as industry insiders remain bullish on long-term investment potential of the sector.

US tech firm International Business Machines Corp (IBM) said on Monday that it adapts its operations as needed to best serve clients, and these changes will not impact the firm's ability to support clients across the Greater China region, responding to media report saying the company is shutting down its research and development (R&D) operations in China.

The office of the food safety commission under the State Council, China's cabinet, issued a report on Sunday on the investigation and handling of issues related to the improper use of tanker trucks in edible oil transportation, as reported by media outlets.

US technology company International Business Machines Corp (IBM) reportedly cut off intranet access for Chinese employees in research and development (R&D) and testing positions without prior notice, news media outlet jiemian.com reported on Saturday citing sources.

A worker in Youyang Tujia and Miao Autonomous County, Southwest China's Chongqing Municipality bakes fresh chili at a local industry park on August 22, 2024. The local government has been actively supporting the sector's development, which helps increase villagers' incomes. Photo: VCG

Investment in Gold Exchange Traded Funds (ETFs) has grown continuously this year, but as bullion prices rise, individual consumers are increasingly taking a wait-and-see approach, leading to a decline in physical gold consumption.

China and Russia on Wednesday agreed to deepen cooperation on renewable energy, hydrogen energy, energy storage and carbon markets as they seek to expand into new areas of energy cooperation to boost the energy transition.

China's decision to launch a countervailing investigation into certain dairy products from the EU was based on applications from the domestic industry, which is fundamentally different from the European Commission (EC)'s hasty initiation of an anti-subsidy investigation into Chinese electric vehicles (EVs) without applications from member states or industry sectors, Chinese Ministry of Commerce (MOFCOM) spokesperson He Yadong said at a regular press conference on Thursday.

Chinese observers and an India-based business representative on Thursday urged India to optimize the business environment and change its wrong perception toward China. The comments came after India's reported approval of some investment proposals by Chinese enterprises in the electronics manufacturing sector.

A total of 11 South Korea robotic companies made presence at the 2024 World Robot Conference held in Beijing at an exhibition pavilion for the first time, as they eye closer robot collaboration between the two countries.

The global fever on Chinese new video-game “Black Myth: Wukong,” which is based on classic Chinese novel “Journey to the West”, hasn't abated three days after its official release on Tuesday.

To advance its 2030 goal of phasing out sales of fuel-powered vehicles, South China's Hainan Province plans to initiate legislative research on regulations to promote new-energy vehicle (NEV) development in its free trade port, demonstrating its commitment to a clean energy transition.

China's Ministry of Commerce (MOFCOM) on Tuesday criticized the European Commission (EC)'s draft definitive findings of its so-called anti-subsidy investigation into Chinese electric vehicles (EVs), saying that China firmly opposes the EU's wrong move and vowing to take all necessary measures to safeguard Chinese businesses' legitimate rights and interests.

Industry officials and foreign airlines remain bullish on the Chinese civil aviation market, and they said that the Chinese market is not losing its appeal.

China will expand institutional opening-up to Africa and deepen cooperation in industrial and supply chains, so as to further advance China-Africa economic cooperation and development linkages for shared benefits, a Ministry of Commerce (MOFCOM) official said on Tuesday at a press conference for the upcoming 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).

China's State Council, the country's cabinet, on Monday greenlighted five new nuclear power projects, a record, as the country is revving up nuclear power construction as part of its transition to green and low-carbon energy, analysts said.

Chinese videogame Black Myth: Wukong debuted on Tuesday and the number of online players peaked at 1.4 million.

Shanghai will establish a preliminary low-altitude communication network by 2026, with continuous coverage across the city's low-altitude flight routes, according to a guideline released by the Shanghai Communications Administration on Friday, making it an early example for more cities in China to follow.

Chinese start-up Autoflight Aviation Technology (Autoflight) said travel by its electric vertical takeoff and landing (eVTOL) aircraft will be an affordable service, aiming to bring the emerging transportation mode closer to most people's lives.

When Issah Abiola was a child in the 1990s, she saw a train passing through her neighborhood in Nigeria. The rumbling sound of the railway immediately arose her interests and she asked her dad a question, "The train was so long. Is it driven by a person?" Her dad answered, "Yes." "I hoped that one day, I could be a train driver," Abiola shouted then. But her dad shook head and answered, "Impossible."

"We believe in the long-term recovery of the market for air travel between China and Germany and between China and Europe," Jens Ritter, CEO Lufthansa Airlines told the Global Times on Thursday, highlighting the importance of the Chinese market for the European carrier.

Most indicators for China's real estate sector were still in decline in July, as the industry remained in a correction trajectory, but the drop in some key indicators has shown signs of narrowing thanks to the government's policy support, Liu Aihua, spokesperson and chief economist of the National Bureau of Statistics (NBS), said on Thursday.

The formed silver is processed into exquisite works of art on Tuesday in the standardized factory of Shanli Jewelry Supply Chain Co Ltd in the China Silver City Jewelry Manufacturing and Processing Park in Jiyuan city, Central China's Henan Province.

Chinese autonomous driving company WeRide has received approval from the US state of California to test its driverless vehicles with passengers, a representative of WeRide told the Global Times on Wednesday.

Chinese technology company Kunlun Tech on Wednesday launched the world's first artificial intelligence (AI) streaming music platform Melodio along with an AI music commercial creation platform Mureka, another manifestation of China's emerging AI innovations.

Many foreign sportswear brands see growth potential in China, as Chinese people become more sports-minded, spurred by summer events including the just-concluded Paris Olympics.

In midsummer, under the scorching sun, the city is enveloped in sweltering heat. As the day's hustle and bustle fades, the night quietly awakens with a different kind of energy. Snack stalls, night markets, and other activities of the night economy flourish in the cover of darkness.

China Rural Revitalization magazine has published a series of articles on the rapid development and transformation of rural China. The articles reflect the arduous efforts of rural revitalization across the country, which is an important and genuine solution to China's rural economic development. In the future, articles selected from this series will be published.

Shanghai Disney Resort announced Sunday that it will introduce a new Spider-Man-themed attraction, its first major Marvel-themed addition, coming just eight months after the opening of the Zootopia-themed area.

China's new homegrown twin-engine unmanned transport aircraft, with a maximum range of 1,800 kilometers, is a milestone in the country's low-altitude technology, the manufacturer of the unmanned aerial vehicle (UAV) told the Global Times on Monday, adding that the development of the UAV, which only takes 15 minutes to load cargo, will significantly raise regional logistics efficiency.

The unveiling of China's guidelines to ramp up its green transition has sparked a warm response from both the stock market and industry insiders, with shares related to environmental protection surging on Monday.

As China continues to facilitate cross-border travel, the increasing number of Chinese tourists going abroad will contribute to the recovery of the global tourism sector with their strong spending power, observers said, amid more measures launched by individual countries to draw in Chinese tourists.

To address power demands during the summer peak, the State Grid Nanjing power supply company in East China's Jiangsu Province recently organized the "car network interaction" initiative, involving reverse discharge, time-based electricity pricing, and promotional activities aimed at guiding vehicle owners to charge their electric cars during off-peak hours. These efforts leverage the bidirectional resource characteristics of electric vehicles, enhancing the interactive response capabilities of Nanjing's electric vehicle charging facilities.

China's homegrown large twin-engine unmanned transport aircraft completed its maiden flight test on Sunday in Zigong, Southwest China's Sichuan Province, China Media Group reported.

The number of newly registered new-energy vehicles (NEVs) in China jumped nearly 40 percent year-on-year in the first half of 2024 to a record high, according to the latest official data, in another sign of robust growth in China's NEV industry despite crackdowns by the US and Europe.

China on Sunday unveiled a groundbreaking guideline for accelerating a comprehensive green transition in all economic and social sectors, the central government's first systematic deployment of its green and low-carbon goals, the Xinhua News Agency reported.

Global investment management company, Allianz Global Investors, will launch its first equity investment fund in the Chinese market on Monday, joining dozens of foreign financial institutions that have expanded their footprints in China after the Third plenary session of the 20th Communist Party of China (CPC) Central Committee, held in middle July, set the direction for future reform in the financial sector.

China's Xiaomi has become the third largest smartphone vendor in Japan, a market known for its deep moat, as a Chinese industry expert said the situation reflected Chinese products' rising competitiveness.

The US on Thursday banned imports from five more Chinese companies over alleged "forced labor" claims targeting Northwest China's Xinjiang Uygur Autonomous Region. Experts noted that the fundamental purpose of this move is to curb the development of Chinese enterprises under the guise of human rights, but it will eventually damage the interests of the US enterprises and customers.

World-leading contract electronics maker Foxconn's plant in Zhengzhou, Central China's Henan Province, has entered the production sprint, as the iPhone 16 series launch reportedly draws near, resulting in a significant increase in hiring demand, insiders and recruiters told the Global Times on Thursday.

Recently, State Grid Jiangsu Electric Power has developed the first municipal virtual power plant monitoring and management platform in Changzhou, East China's Jiangsu Province. The platform has an adjustable capacity of more than 120,000 kilowatts, effectively promoting the participation of micro-grids, energy storage, charging piles, and other resources in the flexible adjustment of the power grid. This contributes to power supply security and the consumption of new energy on-site.

A worker at a photovoltaic panel factory in Suqian, East China's Jiangsu Province, checks solar panels for export markets on August 7, 2024. In the first half of 2024, the province's foreign trade stood at 2.68 trillion yuan ($373.19 billion), up 8.5 percent year-on-year, accounting for 12.7 percent of the national total during the period. Photo: VCG

China's foreign exchange reserves remained stable above $3.2 trillion from January to July, according to statistics released on Wednesday by the State Administration of Foreign Exchange (SAFE), indicating China's overall economic performance remained stable.

China's centrally administered state-owned enterprises (SOEs) are expected to take the lead in buying innovative products in their procurement management, said a guideline released on Tuesday.

The EU remained China's second-largest trade partner in the first seven months of the year, with bilateral trade reversing a downward trend to grow by 0.4 percent year-on-year, underscoring the resilience and complementarity of the two economies, data from Chinese customs showed on Wednesday.

Chinese liquor giant Kweichow Moutai has recently ventured into the chip sector. Industry experts said this move will allow the traditional liquor producer to capitalize on the booming chip industry, while providing much-needed capital for innovation in the increasingly important technology sector.

US electric vehicle (EV) maker Tesla is recalling more than 1.68 million cars in China starting from Tuesday to fix a software problem so as to reduce risks of collisions, the State Administration for Market Regulation (SAMR) said.

A reported US proposal to ban Chinese software in autonomous and connected vehicles in the coming weeks would only harm the sector's global development, Chinese observers said on Monday. They urged the US to seek win-win cooperation with China rather than bearing the potential development losses by suppressing Chinese companies through generalizing the concept of “national security.”

Chinese enterprises, industry associations and localities are moving to boost the low-altitude economy through a wide range of measures amid the sector's rapid expansion.

US fast food giant Burger King will start its “9.9-yuan ($1.37) era” on Monday, selling its cheapest ever burger in China amid a new round of promotional activity, in order to seize market share amid rising competition.

Saudi Arabia's Public Investment Fund (PIF) signed memorandums of understanding (MOUs) with six Chinese financial institutions worth $50 billion in total, said the fund on Thursday via its official website, indicating that bilateral collaborations in the financial sector are being further enhanced.

As US tech firms including Intel Corp reported a weaker-than-expected performance for the second quarter, with Intel even announcing a downsizing plan to axe 15,000 jobs, Chinese analysts said the US government is witnessing a fresh blow as a result of its technology war against China.

Canadian labor union Unifor on Thursday called on the Canadian federal government to impose strict tariffs on all Chinese-made electric vehicles (EVs) as the country is set to end a 30-day public consultation on a series of proposed measures on EVs imported from China.

A ton-class electric vertical take-off and landing (eVTOL) aircraft developed by Chinese start-up AutoFlight successfully completed a trial flight crossing the Yangtze River in Nanjing, East China's Jiangsu Province, on Thursday, which represents the latest progress in China's low-altitude economy development.

In a recent development in the field of artificial intelligence (AI), China has introduced several indigenous text-to-video AI models, marking a milestone in the country's rapid advancement in critical emerging AI domains. These models are poised to compete with Sora, a prominent AI model developed by the US-based OpenAI.

China-Africa cooperation, with economic and trade ties at its core, will become deeper under the China-proposed Belt and Road Initiative (BRI), as the two sides, based on what has already achieved over the past decade, are ready to embrace the shared vision of building a high-level China-Africa community with a shared future, experts and envoys said.

As the head of Dongguan Nestlé Co, Huang Yaoqin has worked in the company for more than 20 years. As one of the earliest employees of the company, he has witnessed the expansion of the factory, and the development of overseas companies in Dongguan, South China's Guangdong Province.

The China Council for the Promotion of International Trade (CCPIT) chairman Ren Hongbin on Wednesday met with Craig Allen, president of the US-China Business Council (USCBC) in Washington during a roundtable on promoting exchanges between the two countries' business communities, the CCPIT said.

Editor's Note: Geopolitical and trade tensions have been running high in the world in recent years. Some Western countries, led by the US, are pursuing the so-called “de-risking” or “de-coupling” policy, by diversifying away from China's market in order to stymie China's economic development. After the third plenary session of the 20th Communist Party of China (CPC) Central Committee concluded in Beijing, a US business delegation consisting of top executives from the US visited China. It signals that many US enterprises, affected by the ups and downs of China-US relations in the past years, now aspire to improve business ties with their Chinese counterparts, which will also help the steady progress of China-US relations.

China's economic development won't be upended by external containment, while the nation's technology self-reliance will be strengthened, the Foreign Ministry said on Wednesday.

The Three Gorges hydropower plant in Yichang, Central China's Hubei Province is seen on July 30, 2024. As of July 23, the number of days on which the plant generated more than 1 billion kilowatt hours reached 35, with the highest daily power generation reaching 1.5 billion kilowatt hours, ensuring power supply amid the summer usage peak. Photo: VCG

Allegations of so-called overcapacity relating to China-made electric vehicles (EVs) are a pseudo-proposition, and the narrative is falsified and runs counter to the law of the market economy, China's General Administration of Customs (GAC) told a press conference on Tuesday, noting that manufactured green products have contributed to mitigating global climate change.

Italian businesses, inspired by the booming opportunities China creates as well as high-level interactions between the two sides, are itching to further explore and entrench their shares in the vast Chinese market, with cooperation in the electric vehicle (EV) sector being the highlight.

China's economy has shown signs of recovery, with steady growth in logistics sector in the first half of the year. The combination of positive economic data and effective policy implementation following the key reform-centered third plenum will be crucial in sustaining China's economic recovery and ensuring long-term growth, experts said.

A domestically produced large aircraft C919 joins China Eastern Airlines' fleet in Shanghai on July 29, 2024. This is the third C919 aircraft that China Eastern Airlines received this year. The carrier now operates a fleet of seven C919 aircraft, making it the largest global operator of the plane. Photo: Courtesy of China Eastern Airlines

China's Ministry of Commerce (MOFCOM) announced on Monday that it has issued questionnaires on anti-dumping cases related to pork and pig by-products imported from the EU. It is part of the ministry's anti-dumping probe into EU pork that started on June 17.

The British asset management conglomerate Schroders vowed on Monday to conduct a comprehensive investigation following an online allegation regarding one of its senior executives in China.

The electric vehicle division of China's embattled real estate developer Evergrande Group saw its shares fall by over 7 percent on Monday morning, as the unit announced on Sunday that the creditors of its two subsidiaries had asked a court to start bankruptcy proceedings.

Jinpeng Airlines, also known as Suparna Airlines, said that it will receive its first C919 aircraft in the fourth quarter of this year, making it the first private carrier in the world to operate the domestically developed plane, the Global Times learned on Sunday.

Construction or upgrading began recently on several projects at nuclear plants in China, a significant development in the country's nuclear power and clean energy landscape.

A business delegation led by the China Council for the Promotion of International Trade (CCPIT) was scheduled to arrive in the US on Sunday for a six-day visit to several US cities, according to an itinerary seen by the Global Times.

As the 2024 Paris Olympic Games unfolds, the sports gala has become a source of heightened people-to-people exchanges as Chinese tourists descend on the "City of Light" in massive numbers that will create new opportunities for both countries.

China's major securities brokerage CSC Financial Co, an affiliate of China CITIC Group, on Saturday refuted any assistance of financial frauds in a recent intern incident, stating that the company is ready to accept supervision to ensure compliance.

Star livestreamer Dong Yuhui has decided to resign from his position as a senior partner at East Buy, also known as Oriental Selection, a subsidiary of Chinese private tutoring giant New Oriental, the company said in a filing to the Hong Kong Stock Exchange on Thursday. New Oriental Education & Technology Group shares slid 8 percent after Dong's resignation, according to yicai.com.

SAIC Anji Splendor, a second world's largest clean energy-powered ro-ro vessel built by the China State Shipbuilding Group, was handed over to SAIC Motor Corp on Tuesday, forming a dual-vessel fleet in promoting China's cars exports.

Despite the challenges and complexity in the bilateral relations, the visit of the American industry representatives, immediately in the wake of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, showcased the foreign companies' eagerness to understand more about the important policies released from the meeting, as well as the fact that two countries' economic and trade ties will stay resilient despite certain "decoupling" attempts from the US government, Chinese experts said.

High-end luxury brand Louis Vuitton (LV) opened its first chocolate boutique in Shanghai on Monday, a positive sign for the international luxury brand to capture more of the consumer market in the world's second-largest economy.

Even as the European Union (EU) has recently introduced provisional additional tariffs of up to 37.6 percent on Chinese electric vehicles (EVs), some EU member states are competing for Chinese EV manufacturing investment and jobs.

As the Chinese economy has faced challenges in recent years, some Western officials and media pundits have stepped up their smear campaign against China. They cherry-pick information and distort facts to hype their narratives such as "Peak China," but they always turn a blind eye to China's economic resilience and development potential. In order to set the record straight, the Global Times is launching a multimedia project, including in-depth articles, objective analysis and visual arts, to present a comprehensive and true picture of the economy. This is the tenth installation of the series.

China will take a multi-pronged approach to improve the new system for mobilizing resources nationwide to boost the overall performance of our country's innovation system while also building a self-supporting and risk-controllable industrial chain, especially in key industrial chains such as integrated circuits, industrial machine tools, industrial software, and advanced materials, according to a resolution on further deepening reform comprehensively to advance Chinese modernization that was adopted at the just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee.

Further progress in practical cooperation between China and Russia is expected as a result of frequent and continuous high-level official exchanges and intensified cooperation among localities, Chinese analysts said on Sunday.

Recent US solar sector bankruptcies have revealed a significant decline in its industrial competitiveness due to trade barriers, Chinese experts said on Sunday, noting that Chinese solar firms, with reduced dependence on the US market and driven by continuous technological innovation and supply chain advantages, will remain unaffected and continue to expand globally.

A ceremony for the first shipment of whiteleg shrimp from Honduras to China was held in Choluteca city of the Latin American country, the Xinhua News Agency reported on Sunday, indicating closer economic and trade ties as bilateral free trade agreement (FTA) negotiations proceed.

China delivered world's first 14,000-cubic-meter liquefied natural gas (LNG) bunkering and transport vessel capable of river-sea navigation at Shanghai, breaking international technology barriers with a record of over 85 percent of localization rate.

​A software update from American cybersecurity technology company CrowdStrike caused a global technical havoc on Friday, leading to suspended flights, disrupted public services, and paralyzed payment systems worldwide. The incident highlights the significant security risks associated with global dependence on a handful of US corporations, experts warned.

Chinese battery producer Contemporary Amperex Technology Co (CATL) on Thursday evening dismissed a foreign media report claiming that the company is in talks with Russian company Nornickel to build a plant, together with several other companies, somewhere in China.

This innovative approach not only streamlines the inspection process but also underscores the potential of UAV technology in transforming the power grid industry, contributing to a more sustainable and efficient future.