Economy
In a supermarket in Rizhao, East China's Shandong Province, xiangchun, a seasonal spring vegetable, is selling for 15.9 yuan ($2.3) per jin (500 grams) - a price reportedly lower than in previous years. This more affordable offering has drawn the attention of locals. But it's not just xiangchun; the variety of spring vegetables now available on store shelves reflects broader shifts in China's market.
By Hu Weijia | 2026/3/13 0:19:00
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  • Sales of China's high-tech sector up 16.1% y-o-y in Jan-Feb: official data

    Sales of China's high‑tech industry grew 16.1 percent year-on-year in the first two months of this year, the State Taxation Administration (STA) said on Thursday.

    By Global Times | 2026/3/12 23:35:43
  • Chinese commercial space firm targets SQX-3 maiden launch in 2026

    China's commercial aerospace company iSpace announced on Thursday that its self-developed SQX-3 carrier rocket is scheduled to conduct its maiden launch in 2026, the Global Times learned from the company.

    By Tao Mingyang | 2026/3/12 22:57:29
  • China-Europe Railway Express freight volume up 25% in first two months

    The China-Europe Railway Express carried out 3,501 freight trips in the first two months of this year, carrying 352,000 20-foot equivalent units of goods, up 32 percent and 25 percent year-on-year, respectively, according to data released on Thursday by China State Railway Group Co.

    By Chu Daye | 2026/3/12 22:52:45
  • Embodied intelligence powers China's logistics in 2025: report

    In 2025, hotspots in China's logistics technology development emerged frequently, with new types of equipment achieving large-scale application. In particular, “AI Plus” has been deeply integrated into logistics, effectively helping reduce overall social logistics costs while significantly improving operational efficiency, China Media Group (CMG) reported on Thursday, citing a report by the China Federation of Logistics and Purchasing.

    By Liu Yang and Tao Mingyang | 2026/3/12 22:52:33
  • Oil prices rebound despite IEA's record reserve release; Hormuz situation risks pose 'limit' and 'manageable' impact on China: expert

    International oil markets turned highly volatile this week as escalating Middle East tensions rattled global supply expectations. The International Energy Agency (IEA) responded on Wednesday by announcing the largest coordinated release of strategic petroleum reserves in its history.

    By Ma Tong | 2026/3/12 22:26:06
  • Surging memory chip costs drive smartphone firms to hike prices

    Multiple Chinese smartphone makers are planning March price hikes due to soaring memory chip prices, media reported, including OPPO, which said it will adjust prices for some products online and in physical stores from March 16.

    By Zhang Yiyi | 2026/3/12 22:12:03
  • Appliance, electronics expo

    A futuristic electric vertical take-off and landing aircraft developed by Dreamfly Technology Co makes its debut at the Appliance & Electronics World Expo 2026 in Shanghai, on March 12, 2026. The event runs through March 12-15, features 1,200 enterprises across 170,000 square meters. The four-day event is being held at the Shanghai New International Expo Center and the Eastern Hub business zone.

    By VCG | 2026/3/12 22:10:35
  • China opposes political manipulation using 'overcapacity' claim as pretext: FM on US' reported 301 probe

    When asked for comment on the Trump administration's move on Wednesday to launch a new round of Section 301 trade investigations into alleged industrial overcapacity among 16 major trading partners, including China, which could signal a new round of tariff disputes, Chinese Foreign Ministry spokesperson Guo Jiakun said on Thursday that China's position on handling China-US economic and trade issues has been consistent and clear. China opposes all forms of unilateral tariff measures, noting that tariff wars and trade wars serve the interests of neither side.

    By Global Times | 2026/3/12 16:03:30
  • US Section 301 probe draws opposition from China, risks further disrupting global trade: Chinese expert

    The US Trade Representative's office (USTR) announced on Wednesday local time the initiation of the so-called Section 301 investigations against a number of trading partners, including China, the EU and India, over claims regarding structural excess capacity and production in manufacturing sectors.

    By Yin Yeping and Ni Hao | 2026/3/12 11:11:35
  • China bolsters economic resilience to navigate uncertainties and risks in 2026, beyond

    While tourists thronged to Heilongjiang Province -- a former industrial base in northeast China reborn as an ice-and-snow tourism hotspot -- this winter, Seres, a Chongqing-based automaker in the country's southwest, rolled its one-millionth intelligent electric vehicle off the production line.

    By Xinhua | 2026/3/12 10:29:10
  • China should strengthen basic research, scientific instrument innovation: political advisor on superconductivity during two sessions

    As 2026 marks the opening year of the 15th Five-Year Plan period (2026-30), topics such as new quality productive forces, basic research and breakthroughs in key core technologies have become major points of discussion during China's ongoing "two sessions." Superconductivity and quantum materials, as key frontier technologies, are widely seen as crucial to overcoming technological bottlenecks and supporting national strategic goals.

    By Zhang Yiyi and Li Xundian | 2026/3/12 0:10:57
  • India's partial relaxation of investment curbs on neighboring countries to boost industrial growth and FDI inflows; but wider opening still needed: expert

    The Indian government's partial relaxation of rules scrutinizing investment from neighboring countries has sent a positive signal to the outside world and is expected to channel more investment into the country, Chinese analysts and industry participants said on Wednesday.

    By Chu Daye | 2026/3/11 23:11:40
  • Chinese businesses race for AI talent in spring recruitment

    China's artificial intelligence (AI) job market is experiencing a boom, with the number of related job postings surging 12-fold and the average monthly salary about one-quarter higher than their counterparts in other new emerging industries, according to a report released on Wednesday.

    By Yin Yeping | 2026/3/11 23:04:21
  • China's lawmakers, political advisors back commercialization, global expansion of low-altitude economy during national two sessions

    Chinese lawmakers and political advisers have called for accelerating the commercialization and global expansion of the low-altitude economy to strengthen the country's global influence in the emerging sector, as this year's Government Work Report again underscored the push to cultivate emerging pillar industries.

    By Ma Tong and Tao Mingyang | 2026/3/11 22:36:59
  • Chinese FM responds to question over India's new rules on investment from neighboring countries, including China

    At a press briefing of the Chinese Foreign Ministry on Wednesday, a reporter said that the Indian government yesterday released investment guidelines targeting neighboring countries, particularly China, which comes against the backdrop of a thaw in relations between the two countries this year, following a five-year de facto freeze. The reporter noted that while this involves investment and is not a question directly addressed by the Ministry of Foreign Affairs, it carries strategic significance and is being implemented against the backdrop of improved bilateral relations, and asked for the ministry's comment. In response, spokesperson Guo Jiakun said that "as you have mentioned, I would refer you to the competent Chinese authorities for answers to your question."

    By Global Times | 2026/3/11 16:17:24
  • China unveils word's first T1200-grade ultra-high-strength carbon fiber

    China unveiled world's first domestically developed T1200-grade ultra-high-strength carbon fiber on Wednesday, a milestone that fills a critical void in the globe market and marks a major leap forward in the country's advanced materials capabilities, China Media Group reported.

    By Chen Qingrui | 2026/3/11 14:33:24
  • HK duty-bound to integrate into national overall development: CPPCC member

    Hong Kong is duty-bound to align with the 15th Five-Year Plan (2026-30) and better integrate into the country's overall development strategy, said Tu Haiming, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), during a group interview ahead of the closing meeting of the fourth session of the 14th CPPCC National Committee at the Great Hall of the People in Beijing on Wednesday.

    By Li Xundian, Wu Jin and Liu Yang | 2026/3/11 14:01:21
  • A stable China is fertile ground for foreign businesses to develop

    Editor's Note: Chinese President Xi Jinping has stressed expanding high-standard opening up and broadening access to global markets. Greater efforts will be made to attract and utilize foreign investment in the 2026-2030 period, according to a draft outline of the 15th Five-Year Plan (2026-30). China boasts the world's most complete industrial system, the advantage of a super-large market, and surging momentum toward innovative and higher-quality development. Foreign enterprises are sharing in the dividends of China's high-quality development in cutting-edge fields such as intelligent manufacturing and the digital economy. Walking with China means walking with opportunities. Looking ahead to the 15th Five-Year Plan period, China will continue to work with global investors in a two-way exchange, jointly writing more wonderful stories of mutual success.

    By People's Daily | 2026/3/11 13:00:47
  • Stable policies, fertile ground for innovation, shared future: People's Daily 'He Yin' commentary

    During China's annual two sessions, how the country will further enhance the quality and level of trade and investment cooperation as it advances high-standard opening-up has become a focus of international attention. At a time when the international landscape is growing more turbulent and the outlook for the global economy remains uncertain, China – a land capable of providing long-term stability – has become an oasis increasingly valued by the global business community.

    By He Yin | 2026/3/11 9:43:51
  • Group discussion

    Shi Rufei (right) and Zhong Can, both deputies to the National People's Congress (NPC), exchange ideas during a group discussion of the Guangxi delegation at the fourth session of the 14th NPC in Beijing, on March 10, 2026. Photo: VCG

    By VCG | 2026/3/11 0:43:45
  • Chinese airlines optimize refund, change policies for Middle East routes to help passengers better arrange travel plans amid tension

    Affected by the relevant regional situation, several Chinese airlines, including Air China, China Eastern Airlines, China Southern Airlines and Shenzhen Airlines, have further optimized their involuntary ticket refund and change policies for some Middle East routes to help passengers better arrange their travel plans, China Media Group (CMG) reported on Tuesday.

    By Global Times | 2026/3/11 0:20:01
  • Aerospace information sector sets 3 priorities

    China's aerospace information sector has three priority development directions during the 15th Five-Year Plan (2026-30) period, focusing on three major goals of self-reliance, security and efficiency, and integration-driven empowerment, Wu Aiqun, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and president of the Shanghai Aerospace Information Technology Research Institute, told the Global Times.

    By Ma Jingjing and Li Xundian | 2026/3/11 0:08:24
  • NPC deputies, CPPCC members see 2026 as pivotal year for broad application of BCI

    Multiple deputies to the 14th National People's Congress (NPC) and members of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) have made suggestions regarding the development of the brain-computer interface (BCI) industry, including policy focus, talent cultivation, and real-world application, the Global Times learned.

    By Li Xuanmin and Chen Qingqing | 2026/3/10 23:34:36
  • 6G becomes tech buzzword during two sessions, causing heated discussion among advisors

    With "6G is coming" surging on Weibo's hot-search list on Tuesday, 6G has become one of the standout tech buzzwords during China's ongoing two sessions, after being written into this year's Government Work Report as an industry of the future to be cultivated, drawing intense discussion among lawmakers, political advisors and industry experts.

    By Zhang Yiyi, Ma Jingjing and Wu Jin | 2026/3/10 23:22:49
  • AI-powered corn kernel grading unlocks new efficiency for Chinese farms

    At an intelligent factory in Gu'an, North China's Hebei Province, a new "artificial intelligence (AI) analyzer for defective grains" - is using high-definition industrial cameras to capture multi-angle images of each corn kernel, while AI algorithms trained on billions of images assess grain quality in under a minute.

    By Wang Yi | 2026/3/10 22:50:36
  • 95% of surveyed American companies reaffirm commitment to China market: chamber report

    The vast majority of American businesses in China have reaffirmed their commitment to the China market despite challenges, according to a special report released by the American Chamber of Commerce in South China (AmCham South China) on Tuesday.

    By Yin Yeping | 2026/3/10 22:32:43
  • China's foreign trade posts strong start to 2026 with double-digit growth

    China's total goods trade reached 7.73 trillion yuan ($1.12 trillion) in the first two months of 2026, with year-on-year growth returning to double digits at 18.3 percent, according to data released by the General Administration of Customs (GAC) on Tuesday, maintaining a steady and positive momentum and underscoring the resilience of the world's second-largest economy despite external headwinds.

    By Yin Yeping and Liu Yang | 2026/3/10 22:31:43
  • UK translator buoyed by business-friendly Hainan FTP, builds bridges between Hainan and the world

    "Hello, please translate this document into English." In an office space in Haikou, capital of South China's Hainan Province, the clacking of keyboards mingled with the occasional conversation. The man moving between the workstations - the "boss" with a foreign face yet speaking fluent Chinese - was David Adrian Janke. Born in the UK, he came to China to study in 2007 and has since developed a lasting bond with the country.

    By Zhang Weilan and Ma Jingjing | 2026/3/10 22:12:24
  • When French flavor meets the lively spirit of China's Spring City

    "Hello! A meat patty." "Enjoy your meal." On a street in Kunming, Southwest China's Yunnan Province, the chatter of diners and the welcoming greetings of a shop owner drift out from a restaurant decorated with wood elements. Along with the voices comes the aroma of food, carrying a slightly unusual note. Upon entering, visitors immediately feel at ease in the warm, bright setting. Yet perhaps the most surprising sight is the "waiter" who weaves between the tables. He wears a chef's uniform, with a foreign face but speaking fluent Chinese.

    By Xiao Zhendong | 2026/3/10 22:08:44
  • How a foreign AI engineer defines himself in China?

    "Many people ask me, coming from Morocco, then to France, and finally to China, how I define myself here." In an interview with the Global Times, Hamza Boukili, who holds dual Moroccan and French citizenship, raised this very question.

    By Xiao Zhendong | 2026/3/10 22:00:44
  • From Fudan University graduate to 'bridge' between China and Denmark, Simon Lichtenberg shows how a foreign businessperson builds success in China

    "Seeing China's planning in emerging fields such as energy, artificial intelligence (AI), microchips and robotics, I cannot help but feel both excited and full of expectations. These are not only China's future, but also new opportunities for global businesses," said Danish entrepreneur Simon Lichtenberg in an interview with the Global Times during this year's two sessions. Lichtenberg is also All China Founding Chairman of the Danish Chamber of Commerce in China.

    By Yin Yeping | 2026/3/10 21:53:51
  • CNCERT issues risk alert on OpenClaw as AI agent goes viral in China

    The National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT) on Tuesday issued a risk alert regarding the safe use of OpenClaw, as the AI agent has recently gone viral in China.

    By GTstaff reporters | 2026/3/10 21:44:36
  • DPP using trade, investment as pretexts to engage in 'Taiwan independence' activities, expand 'intl space' doomed to fail: FM

    In response to a media question regarding reports that Taiwan island is considering issuing bonds for the first time and diversifying financing through its overseas partners for investments abroad, claiming this is one of the efforts by so-called "democratic countries" to resist the diplomatic isolation imposed by China, Chinese Foreign Ministry spokesperson Guo Jiakun said on Tuesday in a press conference that the DPP authorities are accustomed to using trade, investment and other pretexts to engage in "Taiwan independence" separatist activities internationally and expand their so-called international space, a scheme that is doomed to fail.

    By Global Times | 2026/3/10 17:46:54
  • China deeply concerned over continued Middle East tensions, urges immediate halt to military action: FM spokesperson on global energy security

    Asked how China views the impact of geopolitical conflicts on global energy security, as tensions in the Middle East and elsewhere and potentially protracted conflict affect the global energy landscape and the stability of industrial and supply chains, posing uncertainty for China's energy import security, Chinese Foreign Ministry spokesperson Guo Jiakun said on Tuesday that China is deeply concerned about the continued tensions in the Middle East, and all parties should immediately cease military operations, prevent further escalation, and avoid greater disruption to global economic development caused by regional instability.

    By Global Times | 2026/3/10 16:56:39
  • Regular train services key to China-North Korea people-to-people exchanges: FM

    When asked to confirm reports from some travel agencies and ticketing platforms that the train service between Beijing and Pyongyang will resume this Thursday, Chinese Foreign Ministry spokesperson Guo Jikun said on Tuesday that China and the North Korea are friendly neighbors, and maintaining regular passenger train operations is of great significance for facilitating people-to-people exchanges between the two side. He added that China supports the relevant authorities of both countries in strengthening communication and creating more convenient conditions for bilateral travel.

    By Global Times | 2026/3/10 16:37:51
  • CATL and BYD continue global battery market dominance; Experts attribute success to China's cost‑effective and safe NEV industrial chain

    Chinese companies hold leading positions in the global rankings for electric vehicle (EV) power battery market share, according to an analysis by South Korean market research firm SNE Research on Tuesday. CATL, China's battery giant and the world's largest supplier, has further strengthened its dominant global standing.

    By Zhang Weilan | 2026/3/10 16:13:40
  • China-EU trade surges 19.9% in Jan-Feb, underscoring resilience and complementarity amid global turmoil: Chinese expert

    In the first two months of the year, China's foreign trade with EU surged 19.9 percent year-on-year to reach 998.94 billion yuan ($144.54 billion), outpacing the 18.3 percent growth rate of China's total foreign trade during the same period, data from China's General Administration of Customs (GAC) showed on Tuesday.

    By Liu Yang | 2026/3/10 15:20:51
  • 'Foreign enterprises enjoy a level playing field in China'

    Recently, Premier Li Qiang of the State Council explicitly stated in the government work report that China will "keep working to foster a first-rate business environment" and "continue to expand high-standard opening up". Executives from a range of multinationals with deep roots in China said in interviews that China's continuous efforts to improve the business environment and its firm commitment to advancing high-standard opening up have injected strong momentum into their long-term growth in the country.

    By Li Xizi, International Financial News | 2026/3/10 11:58:07
  • China delivers domestically developed offshore fracturing vessel Haiyang Shiyou 696, largest of its kind in the world

    China's first domestically designed and built integrated large-scale offshore fracturing vessel, Haiyang Shiyou 696, was delivered in Zhoushan, East China's Zhejiang Province, on Tuesday, marking a breakthrough in the country's offshore oil and gas fracturing technology, state broadcaster CCTV News reported.

    By Ma Tong | 2026/3/10 11:53:11
  • China's total goods trade returns to double-digits at 18.3% in Jan-Feb; Rapid expansion in traditional goods, advanced products creates fresh drivers of growth: expert

    China's total goods trade reached 7.73 trillion yuan ($1.12 trillion) in the first two months of 2026, with year-on-year growth returning to double digits at 18.3 percent, according to data released by the General Administration of Customs (GAC) on Tuesday, maintaining a steady and positive momentum.

    By Global Times | 2026/3/10 11:25:06
  • China's foreign trade up 18.3 pct in first two months of 2026

    China's foreign trade grew 18.3 percent year on year in the first two months of 2026, data from the General Administration of Customs showed on Tuesday.

    By Xinhua | 2026/3/10 11:18:04
  • China's AI push shaping a burgeoning "smart economy"

    ​As artificial intelligence (AI) rapidly moves from laboratories to solve problems in factories, hospitals and supply chains, Chinese policymakers have set their sights high, anticipating the rise of a "smart economy."

    By Xinhua | 2026/3/10 9:28:59
  • China's tourism sector eyes quality leap in 2026: NPC deputy

    As China's economy shifts from robust recovery to high-quality development, the cultural tourism industry is poised for a significant transformation in 2026. This year marks a critical juncture for the sector to leap from scale recovery to quality advancement, said Wang Shuang, a deputy to the 14th National People's Congress (NPC) and chairwoman of Kaifeng Millennium City Park Co., Ltd. in Central China's Henan Province.

    By Global Times | 2026/3/9 23:30:21
  • NPC clears regulatory barriers for private sector; move expected to help deliver Government Work Report goals: expert

    China's top legislature has stepped up efforts to improve the legal and policy environment for the private sector, removing institutional barriers and promoting fair competition, moves that analysts said will help stabilize expectations and energize market vitality.

    By Tao Mingyang | 2026/3/9 23:20:17
  • Innovation drives China's medical device sector to support global healthcare

    China's medical device sector, particularly in high-tech segments, is integrating into global supply chains at an accelerating pace. Several trends illustrate how Chinese manufacturers are positioning themselves internationally.

    By Hu Weijia | 2026/3/9 22:44:23
  • Chinese high-tech zone rolls out OpenClaw support policies; experts warn potential risks with AI agents

    China's Wuxi high-tech zone in East China's Jiangsu Province announced on Monday measures to support businesses developing open-source artificial intelligence (AI) agents such as OpenClaw, aiming to attract talent, promote industrial growth, and provide substantial financial incentives.

    By Yin Yeping and Guo Yuandan | 2026/3/9 22:19:51
  • Countries react to international oil prices spike; China to take necessary measures to protect energy security: FM

    Global oil prices surged to near $120 per barrel on Monday, their highest levels since mid-2022, as the US-Israel strikes on Iran enters the second week, engulfing key oil-producing countries and vital transit routes across the Persian Gulf, especially the Strait of Hormuz, threatening both output and the flow of crude oil and natural gas, media reported on Monday. Multiple countries, major importers in particular, reacted to the oil prices spike with intended solutions.

    By Chi Jingyi | 2026/3/9 21:38:12
  • Foreign executives hail Chinese market, citing stability and transparency

    The “two sessions” serve as a key window into China's economy, with the 2026 Chinese Government Work Report and the draft outline of the 15th Five-Year Plan (2026-30) emphasizing high-quality development and high-standard opening-up to attract foreign investment. Multinational executives told the Global Times these documents demonstrate China's commitment to stable, innovation-driven growth, offering clear opportunities for foreign companies. They expressed confidence in China's economy using keywords like "stability,” and "transparency," citing the super market's expansion and reliable policy execution.

    By GT staff reporters | 2026/3/9 20:33:01
  • China to take necessary measures to safeguard energy security: FM on reported G7 oil reserves release

    In response to a question about whether China will attend the reported discussion among G7 finance ministers on Monday regarding a joint release of oil from emergency reserves coordinated by the International Energy Agency, Guo Jiakun, a spokesperson for the Foreign Ministry, said at a regular press conference on Monday that for specific issues, it is recommended to consult the relevant Chinese authorities.

    By Global Times | 2026/3/9 16:42:30
  • China's spring travel market warms up, creating new consumption trends

    Tourist sites across China have rolled out many themed performances and immersive activities, to enrich spring cultural and tourism offerings and energizing the market.

    By GT staff reporters | 2026/3/9 15:49:38
  • China's CPI rises 1.3% in February, hitting highest level in nearly 3 years, as domestic consumption rebounds

    China's consumer price index (CPI) rose 1.3 percent year-on-year in February, rebounding sharply from January, official data released by the National Bureau of Statistics (NBS) showed on Monday, in what analysts said was a sign of recovering domestic consumption.

    By Ma Tong | 2026/3/9 12:25:14
  • Justin Lin expresses confidence in China maintaining 30% contribution to global growth with 4.5-5% GDP target

    With China's GDP growth rate at 4.5-5 percent, the country's contribution to global economic growth will remain 30 percent every year, which is of confidence, Justin Lin Yifu, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and dean of the Institute of New Structural Economics at Peking University, told the Global Times on Sunday.

    By Ma Jingjing | 2026/3/9 0:12:31
  • CPPCC members urge multi-prolonged efforts for high-quality growth of nuclear industry

    Multiple members of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) have actively made proposals focusing on the integrated development of the nuclear industry with artificial intelligence (AI), "going global" strategy and nuclear technology applications in a bid to drive the high-quality development in the sector.

    By GT staff reporters | 2026/3/8 23:55:25
  • Stronger Global South trade helps stabilize world economy amid uncertainty

    On a Saturday morning in early March, trucks streamed through the gates of the Yiwu Bonded Logistics Center. According to a report released by Yiwu Fabu, the city's official social media account, on Sunday, the center reached a new milestone days earlier when the value of goods entering the zone exceeded 300 million yuan ($43.5 million) in a single day for the first time.

    By Global Times | 2026/3/8 23:46:39
  • New materials to play more important role in national economy over next five years: Political advisor

    The inclusion of new materials in the Communist Party of China (CPC) Central Committee's recommendations for the 15th Five-Year Plan (2026-30) marks a strategic shift: They are no longer just a supporting element in China's industrial chain but have become a fundamental pillar of the modern industrial system and new quality productive forces, a national political advisor told the Global Times in an exclusive interview on the sidelines of China's annual "two sessions."

    By Chu Daye | 2026/3/8 23:24:56
  • Spurring consumer demand 'key priority'

    During the ongoing “two sessions” in Beijing, boosting domestic demand has been identified as a key priority in both the government work report and the draft outline of the 15th Five-Year Plan (2026-30), with lawmakers and political advisors highlighting its importance and proposing measures to further stimulate consumption.

    By GT staff reporters | 2026/3/8 22:45:15
  • China's state news media issues security warning over OpenClaw amid social media frenzy

    The Xinhua News Agency, on its official WeChat account, published a piece on Sunday introducing OpenClaw — along with a risk warning.

    By Chu Daye | 2026/3/8 21:03:44
  • HK set to thrive in 15th Five-Year Plan era: financial secretary

    Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that boundless opportunities await the city during the 15th Five-Year Plan (2026-30) period, stating that Hong Kong is well-positioned to achieve significant progress.

    By Global Times | 2026/3/8 20:57:06
  • Japan, France, Canada mull critical minerals bloc; Chinese expert flags G7 divisions, warns exclusionary approaches unlikely to deliver

    Group of Seven (G7) members Japan, France and Canada are working on alternatives to a US-led trade bloc to secure critical minerals and reduce reliance on China, according to three senior officials from these countries, Reuters reported on Saturday. The move came at a striking moment, as a recent report noted that US is seeking to build a block with their allies around China through a critical minerals alliance, but the three G7 “key players” are instead charting their own course.

    By Chen Qingrui and Chu Daye | 2026/3/8 18:51:15
  • The end of AI is electricity: What fuels the power advantage? : People's Daily

    This year's Government Work Report, for the first time, stated that "we will create new forms of the smart economy" and “we will launch new infrastructure projects on hyperscale intelligent computing clusters and coordinated development of computing capacity and electricity supply." This strategic direction opens vast room for development and lays a robust foundation for a new leap in socioeconomic progress.

    By Jin Douyun | 2026/3/8 15:44:52
  • Erecting tariff barriers, pursuing decoupling is like putting out a fire with fuel, will eventually backfire: Chinese FM

    ​​The global economy is facing headwinds, and globalization is experiencing setbacks with individual countries going out of their way to erect tariff barriers and pursue decoupling and severing supply chains, which is like putting out a fire with fuel. Such acts will eventually backfire, Chinese Foreign Minister Wang Yi said at a press conference on Sunday on the sidelines of the fourth session of the 14th National People's Congress. He answered questions of journalists from home and abroad on China's foreign policy and external relations, Xinhua News Agency reported.

    By Global Times | 2026/3/8 12:58:02
  • China's domestic travel hits record highs in 2025: official

    Domestic travel in China hit record highs both in 2025 and during the 2026 Spring Festival holiday, Minister of Culture and Tourism Sun Yeli said on Saturday.

    By Xinhua | 2026/3/8 8:01:35
  • Nexperia B.V. mass disables office accounts for all employees in China, creating new obstacles, hindering corporate negotiations: MOFCOM

    Commenting on a media inquiry citing reports stating that Nexperia's China entity issued a customer notice on Friday saying that recently Nexperia B.V. has implemented a mass disabling of office accounts of all employees in China, which resulted in the inability to access key office environment and caused significant disruption to Nexperia operations in China, a spokesperson for China's Ministry of Commerce (MOFCOM) said on Saturday that the ministry has taken note of the reports.

    By Global Times | 2026/3/7 20:40:35
  • Only through independent innovation can we gain initiative in intl competition of the great space age: CPPCC member and industry insider

    China could only launch five or six rockets a year when he started work about 20 years ago, but the country launched around 90 rockets in the past year, said Liu Zheng, head craftsman of the CNC Machining Technology Research Laboratory at Capital Aerospace Machinery Corporation and a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC).

    By Global Times | 2026/3/7 18:45:26
  • China's foreign exchange reserves rise in February

    China's foreign exchange reserves totaled 3.4278 trillion U.S. dollars at the end of February 2026, marking an increase of 28.7 billion dollars, or 0.85 percent, from the end of January, official data showed on Saturday.

    By Xinhua | 2026/3/7 15:52:05
  • China to promote use of AI in creating new jobs, empowering traditional ones: minister of human resources and social security

    China's Ministry of Human Resources and Social Security is studying measures to harness artificial intelligence (AI) to create new jobs and empower traditional positions, a senior official said on Saturday at a press conference for the fourth session of the 14th National People's Congress on people's livelihood in Beijing.

    By Zhang Weilan | 2026/3/7 13:27:53
  • China has solid basis to achieve GDP goal: NDRC

    China's GDP is expected to grow by over 6 trillion yuan ($869.6 billion) in 2026, equivalent to the total annual GDP volume of a developed economy, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), the country's top economic planner, told a press conference on the sidelines of the fourth session of the 14th National People's Congress in Beijing on Friday.

    By GT staff reporters | 2026/3/7 0:16:29
  • China's 15th Five-Year Plan adds foresight and long-term planning, bringing greater predictability for China and the world: Danish chamber head

    China's 15th Five-Year Plan (2026-30) shows the unique strength of the world's second largest economy in long-term planning. By carefully mapping out multi-year strategies, China not only supports its own economic growth but also provides stability and predictability for the global economy, Simon Lichtenberg, founder of Trayton Group in Shanghai and All China Founding Chairman of the Danish Chamber of Commerce in China, told the Global Times on Friday, on the sidelines of the ongoing two sessions.

    By Yin Yeping | 2026/3/6 23:56:00
  • China has solid foundation to achieve growth target; GDP increment in 2026 to exceed 6t yuan: NDRC head

    China's 2026 GDP target of 4.5 percent to 5 percent growth while striving for better in practice was proposed based on comprehensive assessment and prudent judgment, and the country has a solid foundation to achieve this goal, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), China's top economic planner, said on Thursday.

    By Global Times | 2026/3/6 21:32:05
  • MOFCOM criticizes EU's Industrial Accelerator Act as 'serious investment barriers and institutional discrimination,' vows to safeguard Chinese firms' rights

    China's Ministry of Commerce (MOFCOM) on Friday expressed serious concern over the European Union's newly proposed Industrial Accelerator Act (IAA), saying certain restrictive provisions could constitute significant investment barriers and institutional discrimination, and vowing to firmly safeguard the legitimate rights and interests of Chinese companies.

    By Global Times | 2026/3/6 21:29:45
  • Chinese FM responds to question on whether turbulence in the Middle East is a reason behind China's lowering of growth target

    When asked to comment on claims that one reason China lowered its growth target is the turbulent situation in the Middle East, which could affect energy supplies, and the uncertainty surrounding China-US relations, Foreign Ministry spokesperson Mao Ning said on Friday that Premier Li Qiang had summarized the achievements of the 14th Five-Year Plan period (2021-25) in the Government Work Report delivered yesterday. China's total economic output has reached a new level, rising by nearly 10 trillion yuan almost every year, with an increase of more than 35 trillion yuan over the past five years - equivalent to the size of a medium-sized economy, Mao said.

    By Global Times | 2026/3/6 16:11:01
  • Total market capitalization of China's A-shares tops 110 trln yuan: securities regulator

    Total market capitalization of A-shares has exceeded 110 trillion yuan (about 15.9 trillion U.S. dollars), said Wu Qing, chairman of the China Securities Regulatory Commission, at a press conference Friday on the sidelines of the fourth session of the 14th National People's Congress.

    By Xinhua | 2026/3/6 15:59:03
  • China's AI-related industries to top 10 trln yuan by 2030: official

    China's artificial intelligence (AI) related industries will be valued at more than 10 trillion yuan (1.45 trillion U.S. dollars) by the end of the 15th Five-Year Plan period (2026-2030), Zheng Shanjie, head of the National Development and Reform Commission, said Friday.

    By Xinhua | 2026/3/6 15:38:47
  • China's consumer market scale tops world measured by purchasing power parity: minister

    Measured by purchasing power parity, the scale of China's consumer market topped the world during the 14th Five-Year Plan period (2021-2025), Commerce Minister Wang Wentao told a press conference Friday.

    By Xinhua | 2026/3/6 15:34:25
  • China's service sector to top 100 trillion yuan in 2026-2030: economic planner

    The size of China's service sector is expected to expand beyond 100 trillion yuan (about 14.49 trillion U.S. dollars) in the 15th Five-Year Plan period (2026-2030), head of the country's top economic planner said Friday.

    By Xinhua | 2026/3/6 15:27:35
  • China's GDP to grow by over 6 trillion yuan this year: economic planner

    China's GDP is expected to grow by over 6 trillion yuan (about 869.6 billion U.S. dollars) this year, head of the country's top economic planner said Friday.

    By Xinhua | 2026/3/6 15:19:12
  • US reportedly considering requiring permits for global AI chip sales; long-arm jurisdiction to face widespread opposition: experts

    The US is considering requiring permits for global AI chip sales, such as those from Nvidia and AMD, meaning it would restrict AI chip shipments to anywhere in the world without American approval, according to media reports. Chinese experts said that such move is another US attempt to maintain its chip hegemony through long-arm jurisdiction that will spark widespread opposition, including from US allies.

    By Global Times | 2026/3/6 13:35:20
  • A target of seeking progress while maintaining stability, being proactive and pragmatic: People's Daily 'Jin Sheping' commentary

    GDP growth of 4.5 percent to 5 percent, while striving for better results in practice - this is one of the main development targets for this year outlined in the Government Work Report.

    By Jin Sheping | 2026/3/6 11:27:38
  • China's AI ecosystem leads global adoption, powers innovation drive

    The development of artificial intelligence (AI), one of the buzzwords at China's ongoing annual "two sessions," is accelerating in the country and shaping the global AI ecosystem.

    By Xinhua | 2026/3/6 11:24:44
  • China's two sessions inject stability into global economy in 2026: Italian economist

    China's two sessions always send clear signals about development priorities, and this year, those signals are even more important as China enters a new five-year plan period. The message to the world will be continuity and confidence.

    By Global Times | 2026/3/5 23:56:02
  • China's GDP growth target shows flexibility; economy has foundation for stable expansion in 2026

    China targets economic growth of 4.5 to 5 percent in 2026 and will strive for better in practice, according to a government work report submitted Thursday to the country's top legislature for deliberation. The target reflects flexibility, enabling local regions to prioritize high-quality economic growth and, more importantly, to contribute to Chinese modernization.

    By Global Times | 2026/3/5 23:53:10
  • One internet connection reveals the evolving momentum of China's consumption

    While Western media outlets sometimes depict #China's economy in an overly pessimistic light, rural markets, digital commerce, and emerging consumption patterns tell a different story. Livestreams running on a single internet connection offer a small but telling window into the country's growing consumption-driven momentum.

    By Hu Weijia | 2026/3/5 22:37:31
  • 15th Five-Year Plan to provide significant opportunity for cross-Straits exchanges: CPPCC member

    “The 15th Five-Year Plan period (2026-30) will be a critical period for advancing Chinese modernization. It will also provide a significant opportunity for the development of economic and cultural exchanges across the Straits,” Xu Kewei, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), also a member of the standing committee of the Central Committee of the Taiwan Democratic Self-Government League, told the Global Times on Thursday.

    By Ma Jingjing | 2026/3/5 22:03:38
  • China's private firms hail renewed push for sci-tech self-reliance in Government Work Report

    China will accelerate efforts to achieve greater self-reliance and strength in science and technology in 2026, according to the Government Work Report submitted on Thursday to the country's top legislature for deliberation. The pledge has resonated with the private sector, with multiple Chinese private technology enterprises saying they feel inspired by the report and are ready to seize opportunities for further advancement.

    By Tao Mingyang | 2026/3/5 21:57:55
  • Draft environmental code, two other draft laws tabled for deliberation at NPC annual session

    Li Hongzhong, a vice chairman of the National People's Congress (NPC) Standing Committee, addressed the fourth session of the fourth NPC on Thursday, delivering explanatory remarks on three draft laws submitted for deliberation: an environmental code, a national development planning law and a law on promoting ethnic unity and progress, the Xinhua News Agency reported.

    By Zhao Yusha | 2026/3/5 21:02:24
  • Robot rentals surge from Spring Festival Gala to boost culture, tourism, education, healthcare services

    Just days after the Chinese Spring Festival, robots are making frequent appearances at offline events. From dancing at shopping malls to greeting guests at brand launches and interacting with visitors in open squares and scenic spots, a wave of "robot fever" has spread beyond the Spring Festival Gala stage, after robot performances on the show drew widespread attention.

    By Zhang Yiyi and Chen Qingrui | 2026/3/5 19:44:22
  • EC unveils 'Made in EU' industrial plan amid protectionism fears; Move could distort competition, harm ties with China: expert

    The European Commission (EC) on Wednesday unveiled controversial plans to prioritize "Made in EU" goods in public subsidies and procurement in a bid to boost the competitiveness of the bloc's manufacturing sector, even as deep divisions persist among member states. The move has drawn criticism from some of the EU's major trading economies.

    By Ma Tong | 2026/3/5 18:00:56
  • Foreign netizens marvel at China's superior map apps, citing advanced functions, user experiences and ecosystem

    A growing number of foreign netizens are praising Chinese navigation and positioning apps such as Amap, Baidu Maps and Tencent Maps for a set of features and integrations, noting that China's digital infrastructure has created consumer technology experiences that increasingly diverge from — and in some respects surpass — those available in Western markets.

    By Zhang Weilan | 2026/3/5 17:45:52
  • China to vigorously promote integration of AI and manufacturing, accelerate next-gen tech breakthrough: minister

    Chinese Minister of Industry and Information Technology Li Lecheng said on Wednesday that in 2026, the Ministry of Industry and Information Technology (MIIT) will follow the requirements of the Government Work Report and vigorously promote the integration of artificial intelligence (AI) and manufacturing, while advancing breakthroughs and iterative upgrades in next-generation AI products.

    By Global Times | 2026/3/5 15:22:00
  • Chinese carriers restart some Middle East routes as first flight takes off

    Data from VariFlight sent to the Global Times on Thursday showed that, Air China flight CA789 from Beijing to Riyadh, Saudi Arabia, departed from Beijing Capital International Airport at 13:32 Beijing time on Thursday.

    By Global Times | 2026/3/5 15:19:19
  • Dubai's Taxi sector caters to 209 million passengers in 2025

    Dubai's Taxi sector continued their upward momentum in 2025, achieving significant growth in ridership, fleet modernization and service quality. The Taxi sector alone catered to 209 million passengers with a registered fleet of 14,476 vehicles, reflecting Dubai's commitment to providing efficient, sustainable and technology enabled mobility options.

    By WAM | 2026/3/5 15:16:41
  • China sets 4.5–5% GDP growth target for 2026; range 'allows policy flexibility,' signals commitment to stable growth despite global headwinds: experts

    China targets an economic growth of 4.5 percent to 5 percent this year and will strive for better in practice, according to a Government Work Report submitted Thursday to the country's top legislature for deliberation.

    By GT staff reporters | 2026/3/5 10:17:41
  • China to open wider to outside world

    China will open wider to the outside world, according to a government work report submitted Thursday to the country's top legislature for deliberation.

    By Xinhua | 2026/3/5 9:43:50
  • China makes major new achievements in 2021-2025: report

    China made major new achievements over the 14th Five-Year Plan period (2021-2025), according to a government work report submitted Thursday to the country's top legislature for deliberation.

    By Xinhua | 2026/3/5 9:13:32
  • China sets 2026 economic growth target at 4.5-5 pct

    China targets an economic growth of 4.5 percent to 5 percent this year and will strive for better in practice, according to a government work report submitted Thursday to the country's top legislature for deliberation.

    By Xinhua | 2026/3/5 9:08:49
  • CATL chairperson vows to ramp up use of AI in R&D, take Chinese battery tech, standards global

    More than 20 years of sustained national policy support have provided clear direction for enterprises and professionals in the [renewable energy] industry, Zeng Yuqun, chairperson of Chinese battery giant Contemporary Amperex Technology Co. Ltd. (CATL), said on Wednesday, vowing to ramp up the use of artificial intelligence (AI) to strengthen research and development, and take Chinese battery technology and standards further overseas.

    By Global Times | 2026/3/5 0:04:38
  • Trade data reveals more unified, accessible Chinese market in uncertain world

    While Western media coverage often misinterprets China's consumption trends, the real shift is happening at home. Recent interprovincial trade data shows that China is advancing the construction of a more unified national market, with logistics upgrades and digitalization creating tangible opportunities for international suppliers.

    By Hu Weijia | 2026/3/4 23:52:54
  • Boosted business confidence to fuel China-South Korea economic cooperation, Chinese and South Korean diplomats say

    Chinese and South Korean diplomats held talks on Wednesday, hailing the mutual visits by the heads of state as opening a new chapter in bilateral relations, and expressed the willingness and confidence within their business communities to strengthen cooperation.

    By Global Times | 2026/3/4 23:26:30
  • Maritime transport needs to become stronger by becoming bigger, smarter, greener: CPPCC National Committee member

    Li Ying, a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), said on Wednesday that to enhance China's comprehensive strength in maritime transport, the core lies in making it “bigger, smarter, and greener.”

    By Li Xundian, Wu Jin and Ma Jingjing | 2026/3/4 22:41:04
  • AI-powered 'tour guides' reshape China's tourism sector, boost consumption

    On the eve of this year's Lantern Festival, which fell on Tuesday, a 25-year-old consumer surnamed Wen shared her plans aloud to her phone: "I want to see the lantern displays on Lantern Festival night, and maybe visit a theme park." In under 30 seconds, the AI assistant on her device generated a complete, tailored itinerary. This experience is becoming increasingly common among Chinese travelers.

    By Chen Qingrui | 2026/3/4 21:30:48
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