Editor's Note: On November 8, 2024, China implemented unilateral visa-free entry trials for nine countries including Slovakia, Norway and Finland, then added another nine countries including Japan, Bulgaria and Romania to the list on November 30, expanding the number of countries twice in one month. China's unilateral visa-free policy now covers 38 countries, and government departments, have vowed to continue streamlining foreigner visitors arriving in China.
The first batch of 14 pilot securities companies launched a business operation related to the Cross-boundary Wealth Management Connect Scheme (WMC) on Wednesday, according to media reports.
China Automotive Chip Industry Innovation Strategic Alliance has released its second alliance whitelist on Chinese automakers' use of domestic semiconductor chips, covering 10 categories of chips covering car body, chassis, engine system, intelligent driving and more.
China Eastern Airlines launched a new C919 route from East China's Shanghai to Wuhan in Central China's Hubei Province on Wednesday, marking the 8th city served by the domestically-made C919 plane, further advancing the aircraft's commercialization.
China's railway sector achieved a new record, handling 4.008 billion passenger trips during the first 11 months of 2024, significantly higher than the 3.86 billion handled for the whole year of 2023, according to data from the national railway operator released on Wednesday.
UK businesses are stabilizing their investments in China despite challenges, with about 76 percent of UK companies maintaining or increasing their investment in the market and only 8 percent saying that they will reduce their scale, the lowest figure since 2021, a survey released by the British Chamber of Commerce in China showed on Tuesday.
China welcomes Chile to continue to hold Chile Week events in China and is pleased to see increasingly closer mutually beneficial cooperation between the two countries which deliver tangibly to our peoples, China's Ministry of Foreign Affairs spokesperson Lin Jian said on Tuesday, when commenting on the ongoing Chile Week China, which is the largest-scale and highest-level promotion event that Chile has held in China for several consecutive years.
In recent trading sessions, stocks related to humanoid robots in China's A-share market have seen a significant surge, attracting the attention of investors. This upward momentum reflects the increasing confidence in the future potential of China's humanoid robotics sector.
Overseas financial institutions including JPMorgan and Citi recently raised the target share prices for major Chinese companies such as Meituan and BYD. Their moves indicate the growing confidence of international investors in the country's capital market development.
China's Ministry of Commerce (MOFCOM) issued an action plan together with a few other agencies aimed at setting up a modern commercial distribution system to assist the high-quality development of the country's wholesale and retail sector.
Four Chinese industry associations voiced firm opposition on Tuesday to the US' most recent chip export control targeting Chinese enterprises. They called on relevant sectors to exercise caution when purchasing chips from the US.
Qatar Airways' operations in China have returned to pre-pandemic levels, with the strong bilateral relationships between China and Qatar cited as one of the driving forces behind the growth in aviation routes, a senior executive of Qatar Airways told the Global Times.
China's Ministry of Commerce on Tuesday announced measures to tighten its control on the export of relevant dual-use items to the US, as part of efforts to safeguard national security and interests and fulfill non-proliferation and other international obligations.
Chinese Foreign Ministry Spokesperson Lin Jian said on Tuesday that China is willing to work with Australia to continue to properly address each other's concerns through dialogue and consultation and to make China-Australia relations more mature and stable, and better benefit the peoples of both countries.
As an important platform for cooperation among emerging markets and developing countries, the BRICS countries advocate for openness and inclusiveness and win-win cooperation. They do not engage in bloc confrontation, and do not target third parties. They aim to achieve mutual development and common prosperity, Chinese Foreign Ministry spokesperson Lin Jian said on Tuesday, responding to a question over US President-elect Donald Trump's threat to impose 100 percent tariffs on BRICS countries if they create a new BRICS currency to replace the US dollar.
Several Chinese companies on Tuesday responded to the US' third crackdown in three years targeting China's semiconductor industry, which added Chinese entities to the export control entity list. According to their statements, US' latest semiconductor export control measures are not expected to have a major impact on their business operations.
As of Monday, the China-Laos Railway has facilitated more than 43 million passenger trips and transported 48.3 million tons of goods during its three years of operation, according to information obtained by the Global Times from China State Railway Group Co (China Railway) on Tuesday.
The People's Bank of China (PBC), the central bank, announced on Monday that it will implement a revised statistical scope for M1 starting from January 2025.
A visa-free policy launched by China has sparked an inbound tourism boom from South Korea, with a sharp increase in bookings for trips to the country. Ctrip, one of China's largest online travel agencies, reported on Monday that from November 8 to December 2, the number of bookings from South Korea surged by over 150 percent compared to the same period last year, with month-on-month growth of around 15 percent.
China's largest single-pipe natural gas transmission project, the China-Russia east-route natural gas pipeline, officially went into full operation on Monday. From construction to operation, the pipeline's critical equipment and core control systems have been entirely domestically produced, China Media Group (CMG) reported.
China on Monday vowed to take resolute measures to protect the legitimate rights and interests of Chinese enterprises in response to reports that the US implemented a new round of chip export restrictions targeting China.
The US talks one way and acts another, continuously broadening the concept of national security, abusing export control measures, and engaging in unilateral bullying. China firmly opposes this, a spokesperson from China's Ministry of Commerce (MOFCOM) said after the US unveiled its latest semiconductor export controls on China on Monday.
Deep-sea mining controversy necessitates joint international efforts to ensure sustainable development. Only by doing so can demands for resources be balanced with ecological protection and achieve long-term sustainable development of the sector.
China has relaxed rules on foreign investors' strategic investment in listed companies starting from Monday in a move to expand foreign investment channels in China's stock market and encourage foreign investors to make long-term and value investments in the country.
Two Chinese authorities on Monday released measures to promote the high-quality development of central enterprises' venture capital (VC) funds, supporting central enterprises to establish funds that focus on early, small and long-term investment and hard technology, according to a statement released on the website of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA), a region with robust economic vitality and the highest degree of openness in China, is witnessing a growingly extensive, interconnected transportation network, supported by government policies.
The Chinese capital of Beijing has solidified its appeal as a hub for foreign investment through continuous efforts to improve its business environment.
The Caixin China General Manufacturing Purchasing Managers' Index (PMI) reached 51.5 in November, up 1.2 points from the previous month, marking a second straight month of manufacturing expansion and the highest level since July, according to data released on Monday.
A 600-square-kilometer zone located approximately 300 kilometers southwest of Beijing has been greenlit as the largest drone-testing airspace in north China, set to boost the growth of the nation's burgeoning low-altitude economy.
One year ago, China started implementing a landmark trial policy, offering unilateral visa exemptions for more countries, among a variety of measures to welcome international visitors. Data from various entry-exit stations across China indicate a significant increase in international arrivals since the policy was adopted last year.
China's low-altitude sector has seen numerous start-ups intensify efforts to explore international markets, as AutoFlight, a China-based electric aerial vehicle start-up, announced on Saturday that its two-ton electric vertical take-off and landing (eVTOL) aircraft successfully completed its inaugural demonstration flight in Okayama Prefecture, Japan, on Friday.
Boosted by China's rapid development pace in artificial intelligence (AI) technologies, more companies have noted the huge business potential in AI companionship sectors, as simulated AI pets with adorable appearances gaining increasing popularity among Chinese consumers.
Vietnam on Saturday approved the construction of a high-speed railway connecting the capital Hanoi in the north to Ho Chi Minh City in the south at an estimated cost of $67 billion.
Various indicators in the first three quarters of this year show that China's economic performance has remained stable, with several new factors contributing to a positive trajectory. The economy is expected to maintain momentum in the fourth quarter.
New home prices rose faster in November, the transaction volume of new housing and second-hand housing purchases increased, and a number of other indicators improved, demonstrating the effectiveness of a string of policies aimed at boosting China's property market. More pro-growth policies continue to be implemented to further support the real estate industry, with the reduction in property deed tax, one of the latest incentive policies, taking effect on Sunday.
The Hengqin line of the Light Rapid Transit (LRT) - consisting of Lotus Station in Macao Special Administrative Region and Hengqin Station in Zhuhai, South China's Guangdong Province - will officially open on December 2, according to a press release from the Macao Light Rapid Transit Corp.
A number of Chinese new-energy vehicles (NEVs) companies continued to maintain steady growth in deliveries in November, according to their delivery reports released on Sunday.
China-Europe automotive sector cooperation has made new progress recently, with Chery's joint venture plant in Spain commencing production of its first model in November.
China's Ministry of State Security (MSS) issued a statement on its WeChat account on Sunday, urging caution over sharing sensitive information online without declassification or risk evaluation.
The second China International Supply Chain Expo wrapped up on Saturday, having witnessed the signature of over 210 trade deals and tentative agreements totaling more than 152 billion yuan (about 21.17 billion U.S. dollars), according to the event's organizer, the China Council for the Promotion of International Trade (CCPIT).
The purchasing managers' index (PMI) of China's manufacturing industry reached 50.3 in November, up from 50.1 in October, above the 50-mark separating growth from contraction, indicating a steady acceleration in manufacturing sector expansion, according to data from the National Bureau of Statistics (NBS) released on Saturday.
After China announced that it will waive visa requirements for Japanese citizens, starting November 30, the Japan Tourism Agency (JATA) told the Global Times in an email interview that the new visa policy will boost tourism between the two countries.
China will give all the least developed countries with which it has diplomatic relations zero-tariff treatment for 100 percent tariff lines starting from December 1, becoming the first large developing country and major economy to announce such a policy. This underscores the country's commitment to win-win cooperation and providing new opportunities for the world through its own development.
As 2024 approaches to the end, the vitality of China's economy is becoming increasingly evident. Recent economic indicators point to a tick-up in the country's economic performance in the fourth quarter.
Since October, driven by incremental pro-growth policies such as equipment upgrading and consumer goods trade-ins, the recovery of the Chinese economy has gained further traction.
As more than 600 companies from around the globe attend the 2nd China International Supply Chain Expo (CISCE II) in Beijing, which runs through Saturday, the theme of collaboration for mutual development has been further emphasized.
China will continue to exempt certain US goods from additional tariffs until the end of February next year, the Customs Tariff Commission of the State Council said Friday.
Cotton produced in China's Xinjiang region is among the best in the world. We hope that relevant companies can eliminate political pressure and negative interference, and make independent business decisions that align with their own interests, Mao Ning, a spokesperson China's Foreign Ministry said on Friday in response to a question regarding a BBC's report in which the boss of the company behind global fashion chain Uniqlo said the company does not use Xinjiang cotton.
China's total social logistics volume is expected to reach 360 trillion yuan ($49.42 trillion), according to a report released by the China Federation of Logistics and Purchasing on Thursday, reported China Central Television. The growth performance of the logistics sector highlights the unleashing of consumer spending power.
Thursday marks the 100th day since the debut of the China-made blockbuster videogame Black Myth: Wukong, as industry observers said the game's sales revenue indicates vast market potential and an expectation for high-quality videogames.
On the occasion of SAIC Volkswagen's 40th anniversary, SAIC Motor and the Volkswagen Group signed an extended joint venture (JV) agreement in Shanghai, further strengthening their long-term partnership and prolonging the joint venture period of SAIC Volkswagen until 2040, the Global Times learned from the Volkswagen Group on Thursday.
Namibia and China are highly aligned in green transformation and there is a great potential for both sides to explore future cooperation in this field, Elia George Kaiyamo, the Namibian ambassador to China, told the Global Times in an exclusive interview.
China-South Korea industrial cooperation has long been an important part of the Asian industrial network, consistently drawing attention. According to Korean news agency Yonhap, officials from both countries gathered on Thursday in Yancheng, East China's Jiangsu Province, to discuss strategies aimed at ensuring the stability of their supply chains.
China released new guidelines on Thursday for reform and innovation in digital trade, aiming to create fresh momentum for the digital sector, boost its contribution to overall trade and expand opening-up to encourage foreign investment.
China's position against unilateral tariff measures has been consistent. The US should abide by WTO rules and work with China to promote the stable and sustainable development of China-US economic and trade relations in accordance with the principles of mutual respect, peaceful coexistence and win-win cooperation, He Yadong, a spokesperson from China's Ministry of Commerce, told a press conference on Thursday.
China's Vice Minister of Finance Liao Min recently met with several business and academic leaders from the US in Beijing. During the talks, the US representatives voiced their hope to strengthen dialogue and collaboration in trade and economic affairs, according to the Ministry of Finance (MOF) on Thursday.
China will "implement necessary measures" to safeguard the legitimate and lawful rights and interests of Chinese enterprises if the US continues to escalate export controls targeting China, said China's Ministry of Commerce (MOFCOM) on Thursday.
Negotiations between China and the EU regarding a proposed price commitment plan related to tariffs on Chinese electric vehicles (EVs) are ongoing, He Yadong, a spokesperson for the Ministry of Commerce (MOFCOM) said on Thursday in response to a report by German media on November 22, which suggested that both parties are close to a resolution on eliminating these tariffs.
China's position against unilateral tariff measures has been consistent. The US should abide by WTO rules and work with China to promote the stable and sustainable development of China-US economic and trade relations in accordance with the principles of mutual respect, peaceful coexistence and win-win cooperation, He Yadong, a spokesperson from China's Ministry of Commerce, told a press conference on Thursday.
The Chinese Foreign Ministry (FM) on Thursday slammed the lies including the so-called forced labor allegations concocted and spread globally by some political forces regarding China's Xinjiang Uygur Autonomous Region. It also affirmed that Xinjiang is currently stable and pledged to expand opening-up and offer more opportunities to foreign companies operating in China including German ones.
The Hualong-1nuclear power plant at Zhangzhou city, Fujian Province, operated by China National Nuclear Corp (CNNC), has been connected to the State Grid, boosting China's green energy transition efforts, the CNNC said on Thursday. Global Times
The Chinese government has issued an action plan to cut logistics costs to boost economic efficiency, targeting a reduction in the ratio of social logistics costs to GDP to around 13.5 percent by 2027, the Xinhua News Agency reported Wednesday.
China's low-altitude industry is gaining steam in the infrastructure construction, as more industry players vow to further upgrade the operation efficiency of unmanned drones while preventing potential risks.
To support the high-quality development of cross-border e-commerce, the General Administration of Customs (GAC) has issued an announcement to optimize regulatory measures for cross-border e-commerce exports, according to the document released by GAC on Wednesday.
As China and the EU continue to try to resolve bilateral trade friction over additional tariffs on Chinese imported electric vehicles (EVs), a German scholar warned that the tariff may backfire on the EV industry as it could disrupt the global trade order.
At the ongoing 2nd China International Supply Chain Expo (CISCE) in Beijing, US companies have a prominent presence, as leading companies such as Apple and Tesla showcased their strong collaboration with Chinese partners and highlighted the importance of China in their supply chains. Experts said the enthusiastic participation of American companies in CISCE underscores the completeness and competitiveness of China's supply chain as a key attraction.
The US Commerce Department announced Tuesday that it is finalizing a $7.86 billion government subsidy for Intel, down from the proposed $8.5 billion in March after the California-based chips maker won a separate $3 billion award from the Pentagon, Reuters reported. While the funding is significant, it remains unclear whether it will be sufficient to help Intel overcome its challenges.
The People's Bank of China, together with six other departments, released a development action plan on Wednesday to promote the high-quality development of digital finance, aiming to establish a financial system that highly adapts to the development of the digital economy by the end of 2027.
China will continue to streamline travel procedures for foreign visitors, welcoming visitors worldwide to experience the country's vibrant culture and colorful life, said Foreign Ministry spokesperson Mao Ning.
Chinese agricultural sector has achieved a set of technological breakthroughs, with advancements in many areas setting global standards, Dhanin Chearavanont, senior chairman of Thailand's Charoen Pokphand Group, told the Global Times during the second China International Supply Chain Expo (CISCE) in Beijing on Tuesday.
The combined profit of major industrial enterprises in China exceeded 5.86 trillion yuan (about 814 billion US dollars) in the January-October period this year, down 4.3 percent year on year, the National Bureau of Statistics (NBS) said on Wednesday.
Backed up by sustained effects from the government's incremental pro-growth policies, China's major industrial enterprises saw a stable growth in production in October. The drop of their monthly profit narrowed significantly by 17.1 percentage points from a month earlier, data from the National Bureau of Statistics (NBS) showed on Wednesday.
China on Tuesday urged the US not to take China's goodwill for granted and work to ensure that the hard-won positive dynamics will stay in the China-US counternarcotics cooperation, noting that China remains ready to continue counternarcotics cooperation with the US on the basis of equality, mutual benefit and mutual respect.
China strongly condemns and firmly opposes the US decision to place sanctions on 29 Chinese firms under the so-called Uyghur Forced Labor Prevention Act (UFLPA), a spokesperson for China's Ministry of Commerce (MOFCOM) said on Tuesday.
Demand for drone pilot certificates is on the rise as workers and graduates seek opportunities in the burgeoning field of drone operation in China.
China's National Immigration Administration (NIA) announced on Tuesday that it will expand its phone-based 12367 immigration service hotline to include Russian, Japanese, and Korean in addition to the existing Chinese and English language services. The newly expanded services will take effect immediately.
The swift rollout and implementation of multiple favorable real estate policies have led to a noticeable rebound in both second-hand and new home sales in major Chinese cities. Experts attribute this trend to these incentives' tangible impact on invigorating demand and stabilizing the market.
As 2024 comes to a close, financial institutions are rolling out their investment outlooks for the year ahead. Despite recent market volatility, foreign institutions continue to give optimistic reports on Chinese assets. Economists point to strengthening expectations for improved macroeconomic fundamentals, forecasting significant upside potential for China's A-shares in 2025, despite the complexities faced by the global economy.
Economic and trade relations between China and the Middle East are built on a solid foundation and have evolved significantly over time. Recently, these economic exchanges and cooperative efforts have strengthened, reflecting a mutual commitment to growth. This interest and effort from both sides foster a dynamic partnership that benefits both sides.
A spokesperson from the Commissioner's Office of China's Foreign Ministry in the Hong Kong Special Administrative Region (HKSAR) on Tuesday expressed strong dissatisfaction and firm opposition to certain US politicians' attempts to undermine the reputation of Hong Kong as an international financial hub and attacking the practice of "one country, two systems" in the city.
China and Mexico are good friends that trust each other and good partners seeking common development. Imports from China have played an important role in boosting the development of Mexico's manufacturing industry and improving its competitiveness in foreign trade, and brought about tangible benefit to the Mexican people, Mao Ning, a spokesperson for China's Foreign Ministry, said on Tuesday.
"About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or a tariff war," a Chinese embassy spokesperson in Washington told the Global Times in an emailed reply.
China will continue to take concrete actions to ensure stable and unimpeded global industrial and supply chains, Chinese Premier Li Qiang said Monday while attending a symposium with representatives of enterprises and organizations participating in the upcoming second China International Supply Chain Expo (CISCE).
China announced on Monday the extension of the visa-free policy for Australian passport holders to China from the original 15 days to 30 days, a move that a Chinese expert said is another reflection of the active role China has played in promoting mutual understanding and people-to-people exchanges between the two sides.
China's temporary anti-dumping measures on certain brandy imports originating from the EU are legitimate trade remedies fully in line with World Trade Organization (WTO) rules, said an official with China's Ministry of Commerce (MOFCOM) on Monday.
China's Foreign Ministry on Monday slammed the US' planned new restrictions on chip exports to China, which are reported to be unveiled as early as this week, and vowed to take resolute measures to firmly defend the legitimate and lawful rights and interests of Chinese companies.
Chinese Vice Commerce Minister Wang Shouwen said on Monday that China supports efforts by US chip maker Nvidia to continue to take root in China, and pledged to create a more favorable environment for foreign companies. "A more open China will provide foreign-invested enterprises with broader development opportunities," Wang said.
For some Western powers, critical minerals have turned into a strategic battleground. In response, these nations are forming alliances centered around these minerals, pressuring their allies to join exclusive blocs. This emerging trend threatens to disrupt global supply chains and poses a significant challenge to globalization.
China's first large-scale production line for civil aviation tires has been completed and put into operation in Guilin, South China's Guangxi Zhuang Autonomous Region, the Xinhua News Agency reported on Monday.
China's Ministry of Commerce (MOFCOM), along with Zhejiang provincial government, issued a detailed plan on Monday on building a bulk commodity resource allocation hub in China (Zhejiang) Pilot Free Trade Zone (FTZ). Chinese officials and observers said the plan marks the first-of-its-kind in the construction of a bulk commodity resource allocation hub in an FTZ, and it carries great significance in the country's further institutional opening-up.
As the year-end shopping season approaches, cities in China have rolled out new rounds of consumption vouchers tailored to local needs, regional characteristics and consumer preferences, to boost market activity and support the recovery of consumption.
Chinese Vice Premier He Lifeng met with Senior Minister of Singapore Lee Hsien Loong on Monday in Suzhou, east China's Jiangsu Province.
Tesla announced a final payment reduction of 10,000 yuan ($1380) for the Model Y Rear-Wheel Drive and Long-Range All-Wheel Drive from Monday to December 31, as well as offering a five-year zero interest financing deal with a down payment starting at 79,900 yuan.
A spokesperson from China's Foreign Ministry (FM) said on Monday that China has always resolutely opposed the US' overstretching of the concept of national security, abuse of export control measures, and malicious blockade and crackdown on China.
China's central bank on Monday conducted a 900-billion-yuan (about 125.14 billion US dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the country's banking system.
Amid the rapid evolution in the global digital landscape and its associated industrial and supply chains, South Korea, an export-oriented economy, is increasingly supporting SMEs to drive growth, create jobs, and foster innovation. The country has stepped up efforts to activate the vitality of SMEs, integrating competitive industries, reforming institutions, supporting growth, and cultivating leading enterprises.
Experts noted that the primary objective of this measure is to curb the development of Chinese enterprises, destabilize Xinjiang region and contain China's development under the guise of human rights, while ultimately harming US businesses and consumers.
Apple CEO Tim Cook is on his third business trip to China this year, as he toured the site of the 2nd China International Supply Chain Expo on Monday, according to a video clip of Yuyuan Tantian, a social media account affiliated with state broadcaster CCTV.
Northvolt, the Swedish manufacturer of battery cells for electric vehicles (EVs), has filed for Chapter 11 bankruptcy protection in the US, according to Reuters. The report highlights the swift downfall of Northvolt, which, in a matter of months, went from being hailed as Europe's best shot at a homegrown EV battery champion to a company struggling to stay afloat.
Themed "Connecting the World for a Shared Future," the second China International Supply Chain Expo (CISCE) is scheduled to take place in Beijing from Tuesday to Saturday.