China's New Year holiday travel and consumption surged to the first major peak of 2026, driven by a combination of supportive policies and pent-up demand, with data from transport authorities and travel platforms pointing to robust mobility and spending at the start of the year.

World's largest Hualong One nuclear power base officially completed its Phase I project on Thursday, after the No.2 Unit of the Zhangzhou nuclear power plant entered commercial operation. It marks a key step in the large-scale rollout of China's independently developed third-generation nuclear power technology, the China Central Television (CCTV) reported.

Wednesday marks the last trading day of 2025, with the Shanghai Composite Index closing at 3,968.84 points, marking its 11th straight daily gain and hitting its highest closing level in nearly 18 years, the Securities Times reported on Wednesday.

China has released the determination of its safeguard investigation into imported beef and will implement country-specific tariff-rate quotas on beef imports, the Ministry of Commerce (MOFCOM) announced on Wednesday.

China's Ministry of Commerce (MOFCOM) announced on Wednesday that it has decided to impose safeguard measures on imported beef in the form of country-specific tariff-rate quotas. The safeguard measures will be implemented for a period of 3 years, from January 1, 2026, to December 31, 2028.

Commenting on the Dutch Minister of Economic Affairs Vincent Karremans' remarks in an interview with Dutch media claiming that tough measures against Nexperia were indeed necessary, a spokesperson from China's Ministry of Commerce said on Wednesday that the Chinese side has repeatedly emphasized that the Dutch side's improper administrative intervention in the internal corporate affairs of Nexperia has already triggered a crisis in the global semiconductor supply chain, and the Dutch side must bear full responsibility for this.

In December, China's manufacturing PMI rose to 50.1, marking the first time since April that it has entered expansion territory. The non-manufacturing business activity index and the composite PMI output index also returned to expansion territory, reflecting an overall recovery in China's economic activity, the National Bureau of Statistics (NBS) said on Wednesday.

China's manufacturing power index has reached the same range as Germany and Japan, placing China in the second tier of global manufacturing powers, according to the 2025 China Manufacturing Power Development Index Report, which was released in Beijing on Tuesday.

China's flagship carrier Air China said on Tuesday night that the airline and a subsidiary have signed an agreement with Airbus to acquire 60 A320neo aircraft, a deal that follows similar recent purchases by other Chinese airlines.

The Hong Kong Stock Exchange (HKEX) witnessed a rare spectacle as six companies listed simultaneously on Tuesday, the second to last trading day of 2025. On the same day, three companies debuted on the A-share market, while China's science- and technology-focused equity market welcomed its 600th listing.

As the New Year holiday approaches, China's festive flower markets are beginning to show signs of renewed activity. CCTV.com reported on Tuesday that in Zhouning county, East China's Fujian Province, orders for locally grown specialty flowers have risen. A manager at a local flower-growing base was quoted as saying that orders are being placed from across China, as well as from overseas markets including Malaysia, Singapore and Vietnam. The story is small in scale and seasonal, but it offers a revealing glimpse into how parts of China's consumer economy are adjusting as the new year draws nearer.

China international trade representative with the Ministry of Commerce (MOFCOM) and vice minister of commerce Li Chenggang met in Beijing on Tuesday with Yeo Han-koo, the trade minister of South Korea's Ministry of Trade, Industry and Resources, and they held in-depth discussions on concrete pathways to accelerate phase II negotiations of the China-South Korea free trade agreement (FTA), according to the MOFCOM.

US electric vehicle maker Tesla announced on Tuesday that it has rolled off its 9 millionth vehicle at its Shanghai Gigafactory, the company said in a press release sent to the Global Times. A Chinese expert said the milestone reflects China's strong and complete industrial and supply chains.

China on Tuesday released the implementing regulations for its law on value-added tax (VAT), detailing operational tax rules ahead of the law's 2026 rollout, which authorities said will help promote fair competition and support the development of a unified national market.

China will strengthen and expand the implementation of large-scale equipment upgrades and trade-in policies for consumer goods, according to a notice issued by the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) on Tuesday.

China National Offshore Oil Corp (CNOOC) announced on Tuesday that its offshore gas platforms around South China's Hainan Island have produced oil and gas totaling more than 10 million tons of oil equivalent in 2025, setting a new record high, according to a CNOOC release sent to the Global Times on Tuesday.

Chinese carmakers are projected to take the top position in global new vehicle sales for the first time in 2025, surpassing Japanese players, which held the position for more than 20 years but are set to drop to second place this year, Nikkei Asia reported on Tuesday.

China's manufacturing sector advanced steadily under pressure, moving toward innovation and higher quality in 2024. Its manufacturing power index has reached the same range as Germany and Japan, placing China in the second tier of global manufacturing powers and making it the fourth country — after the US, Germany, and Japan — to enter the ranks of global manufacturing powers, according to the 2025 China Manufacturing Power Development Index Report released in Beijing on Tuesday.

Meta's acquisition of Singapore-based Manus, a tech startup founded by Chinese entrepreneurs, is indicative of the importance of artificial intelligence（AI） agents in the rapid global AI development, which also reflects the recognition by leading US companies on the innovative ability of Chinese tech firms, a Chinese expert said on Tuesday.

Beijing Tongzhou High-Speed Railway Station, a key node in the Beijing-Tianjin-Hebei rail network and located within the capital's southeastern integrated transport hub, officially opened to traffic on Monday, according to a statement China State Railway Group Co sent to the Global Times.

China's domestically developed AS700 "Xiangyun" manned airship on Tuesday obtained the country's first production certificate (PC) for a homegrown manned airship, marking a major breakthrough in China's low-altitude aviation sector.

Serbian President Aleksandar Vucic on Monday local time emphasized that Taiwan region is the territory of the China, reaffirming that Serbia fully supports the one-China principle and backs the People's Republic of China, China Media Group (CMG) reported on Tuesday.

As winter sets in and the garment industry hits its peak, the production lines are working overtime at Bosideng's smart factory in Changshu, Jiangsu Province. Bosideng is a leading manufacturer in China's down-apparel industry.

The recommendations for formulating Gansu Province's 15th Five-Year Plan (2026-30) for economic and social development call for closer integration between the New International Land-Sea Trade Corridor and the China-Europe Railway Express, as both routes run through Gansu, according to the Gansu Daily. This is not intended solely for Europe, yet in practice it may intersect with European trade participants in multiple ways, creating potential opportunities.

As the China-South Korea free trade agreement (FTA) marks its 10th anniversary, figures released by South Korea's Ministry of Trade, Industry and Resources could serve as a testament to the pact's achievements. Bilateral trade increased from $227.4 billion in 2015 to $272.9 billion in 2024, up about 20 percent, the Yonhap News Agency reported on Sunday.

China is set to see a sharp rise in cross-border travel over the upcoming New Year's Day holiday, as immigration management reforms continue to translate into smoother border clearance, authorities said on Monday, with analysts expecting experience-based consumption such as tourism to provide greater support for steady growth of the country's economy in the year ahead.

The People's Bank of China (PBC), the country's central bank, has rolled out an action plan for further strengthening the management and service system of the digital yuan and related financial infrastructure construction, which will be formally implemented on Thursday, the New Year's Day, according to a PBC official.

The China Council for the Promotion of International Trade (CCPIT) plans to intensify efforts to facilitate China-US business exchanges in 2026 by inviting US companies and institutions to join APEC business activities with China as the host, and the 4th China International Supply Chain Expo (CISCE), aiming to build stronger bridges for two-way trade and investment, a CCPIT spokesperson said on Monday.

A new section of the second Sichuan-to-East natural gas pipeline, a key energy infrastructure project in China, began operations on Monday, boosting the country's natural gas transmission capacity and marking a milestone in the pipeline spanning across western and eastern provinces, according to state-owned gas pipeline operator PipeChina Co.

China will adjust tariff rates on certain products, including applying provisional import tariff rates lower than the most-favored-nation (MFN) rates to 935 items in 2026, to drive greater self-reliance, boost the green transformation of economic and social development, and improve public wellbeing, effective on January 1, 2026, the Customs Tariff Commission of the State Council announced on Monday.

Nikkei on Sunday released a survey of 100 CEOs, which covers a topic related to China-Japan economic relations, showing that 67.3 percent of respondents said it has a "negative impact" or "somewhat negative impact" when asked about the impact of deteriorating Japan-China relations on their businesses, yet 85.6 percent of them indicated that they will not reconsider their China strategy.

Carbon dioxide injection at the China National Petroleum Corp (CNPC) Xinjiang Oilfield had surpassed 1 million tons this year as of Sunday, making it the first oilfield in China to achieve annual CO2 injection at the million-ton level, CNPC said, according to the Xinhua News agency.

The People's Bank of China (PBC), the country's central bank, has rolled out an action plan to ramp up the management and service system of digital yuan and related financial infrastructure construction, which will be implemented on Thursday, or the New Year's Day, according to a senior central bank official.

2025 has been an uncommon year for the global economy. While much of the world struggled to regain momentum, China pressed ahead, brushing aside doubts and absorbing global headwinds.

From a distance, changes in China's imports can be easy to overlook. Up close, in specific places and practices, the pattern comes into sharper focus. In 2025, a series of seemingly unrelated scenes - from Horgos on the border with Kazakhstan, to emerging trading models in Yiwu, and even tomato cultivation in Huaibei - together suggested how China's import landscape is being quietly reshaped.

"If you're renting robots for a company annual gala in early 2026, I suggest booking as soon as possible – otherwise, they'll be snapped up during peak season," a sales manager from a Shanghai-based robot rental firm told the Global Times, adding that the company's 30 humanoid robots and robotic dogs are nearly fully booked from January through mid-February, which is before the Spring Festival, due to corporate events.

The 2025 Conference on High-quality Development International Cooperation of Cities, hosted by the Global Times, was held in Shenzhen, South China's Guangdong Province on Saturday. Aligned with the recently concluded Central Economic Work Conference, the event gathered government officials, entrepreneurs and scholars to delve into topics including urban innovative development in the digital intelligence era and the cultivation of new quality productive forces.

China's independently developed, world-first 30-megawatt (MW) pure hydrogen gas turbine Jupiter I achieved 100 percent hydrogen power generation and maintained stable operation in North China's Inner Mongolia Autonomous Region on Sunday, marking the successful transition of the world's first 30-MW-class "electricity-hydrogen-electricity" demonstration project from blueprint to reality, the CCTV News reported.

From Thursday to Sunday, three major central state-owned enterprises (SOEs) held groundbreaking ceremonies for their new headquarters in the Xiong'an New Area in North China's Hebei Province. Analysts said that the relocation will further help Beijing relieve non-essential functions related to its role as the nation's capital, while advancing the coordinated development of the Beijing-Tianjin-Hebei region.

In 2025, China's national grain output reached a new high of 715 billion kilograms, up 1.2 percent year-on-year, building on the high base of surpassing the 700 billion-kilogram milestone for the first time last year, China Media Group reported on Sunday.

As the year 2025 approaches its end, the prices of precious metals such as gold and silver continue to set new record highs.

Beijing Municipal Bureau of Human Resources and Social Security released on Friday a series of typical labor dispute arbitration cases for 2025. In a labor dispute arbitration triggered by artificial intelligence (AI) replacing a job position, the arbitration committee ruled that "AI replacing a position ≠ legal dismissal," providing a case reference for resolving similar cases in the future, China Media Group reported on Saturday, citing Beijing Daily.

Tesla Cybertruck chief engineer Wes Morrill shared a short clip on social media X on Saturday showing a hilarious moment during a simulated motion test of China's Unitree G1 robot. During a synchronized “combat” routine with the engineer, the robot appears to deliver a "vicious" kick to the engineer. Tesla CEO Elon Musk commented in the post with a laughing-crying emoji.

China will continue to adopt a more proactive fiscal policy next year, expanding fiscal expenditure to maintain the necessary intensity of spending, Finance Minister Lan Fo'an said at the national fiscal work conference held from Saturday to Sunday.

China's largest ultra-deep oil and gas production base, the Tarim oilfield, which is also the main gas source for China's west-to-east gas transmission project, has achieved an annual photovoltaic power generation exceeding 2 billion kilowatt-hours, with daily peak generation surpassing 10 million kilowatt-hours, China Central Television (CCTV) News reported on Sunday, citing data from PetroChina.

Autumn grain purchases across China have surpassed 200 million tonnes, marking a 32-million-tonne increase from the previous year and the highest level for the same period in recent years, official data showed Saturday.

Profits of China's major industrial firms increased 0.1 percent year on year in the first 11 months of 2025, extending the growth streak that began in August, official data showed on Saturday.

China's cyberspace regulator has released a slew of draft measures on the management of anthropomorphic artificial intelligence (AI) interaction services, and is now soliciting public comment on it.

China's Ministry of Industry and Information Technology (MIIT) announced on Saturday the establishment of a standardization technical committee for humanoid robots and embodied intelligence, aimed at systematically advancing standard-setting in the field and comprehensively enhancing industrial competitiveness.

A revised version Foreign Trade Law was passed at a session of the National People's Congress Standing Committee on Saturday and will take effect on March 1, 2026, the Xinhua News Agency reported on Saturday.

Profit in high-tech manufacturing continued to grow in the first 11 months of this year, data from the National Bureau of Statistics (NBS) showed on Saturday, underscoring the sector's increasing role in driving China's economy.

China has achieved breakthroughs in industrial technological innovation in 2025, with the core artificial intelligence (AI) industry exceeding 1 trillion yuan (about 142 billion U.S. dollars) in scale, according to a national conference on industry and information technology held on Friday.

The Chinese Embassy in Mexico on Saturday firmly rejected US politician Peter Navarro's public smearing of Chinese exports, calling such remarks "extremely despicable," according to an announcement published on the embassy's website.

With the opening of the Xi'an-Yan'an line on Friday, China's high-speed rail (HSR) network has surpassed 50,000 kilometers in operating mileage, Global Times learned from China Railway. The milestone marks a new phase in China's railway development and highlights the country's sustained push to improve infrastructure connectivity and advance coordinated regional growth, analysts said.

A worker operates a production line at a sportswear company in Qiandongnan, Southwest China's Guizhou Province, on December 26, 2025. As year-end approaches, workers are ramping up production to fulfill orders, pushing through the fourth quarter to meet full-year targets. Photo: VCG

Since the launch of island-wide special customs operations in South China's Hainan Province, the policy has not only unlocked sizable consumption opportunities for the region but also triggered a notable surge in tourism demand, according to data obtained by the Global Times on Friday.

During the 14th Five-Year Plan period (2021-25), China made notable progress in advancing a low-carbon transition while sustaining economic growth. These achievements suggest that decarbonization is not been treated as a trade-off, but increasingly as part of a broader process of economic modernization. What stands out is a shift from incremental efficiency gains toward a more systemic reshaping of the energy system, integrating renewable energy, grid upgrades, energy storage and digital technologies.

China's Ministry of Finance and three other departments jointly released a guideline on Friday, calling for enhanced efforts to tap into job creation potential, expand employment capacity, and bolster support for entrepreneurship among demographic key groups, according to the ministry's official website.

Researchers at East Lake Laboratory in Central China's Hubei Province accelerated a 1,110-kilogram high-speed rail model to 800 km/h in just 5.3 seconds using levitation support and electromagnetic propulsion, breaking a world record, according to a statement the lab sent to the Global Times on Friday.

The chairman of Wingtech Technology Co said at the company's fifth extraordinary shareholders' meeting for 2025 on Friday afternoon that the firm is resolute in safeguarding its rights and must regain equity and control of Nexperia, according to Shanghai Securities News.

China's preliminary determination in a countervailing investigation into certain dairy products originating in the EU has drawn widespread attention. Industry sources and experts in China described the determination as fair, lawful, and in line with WTO rules, saying it responds to mounting difficulties faced by China's domestic dairy sector due to subsidized EU imports.

China will continue to prioritize the cultivation and expansion of emerging and future-oriented industries with plans to develop integrated circuits, new displays, new materials, aerospace, low-altitude economy and biopharmaceuticals into emerging pillar industries, according to a post published on the website of the Ministry of Industry and Information Technology (MIIT) on Friday.

In response to a question about Morgan Stanley's Humanoid Robot Almanac, which stated that China led the world in humanoid robot patent filings over the past five years and offers major cost advantages to the global supply chain, Foreign Ministry spokesperson Lin Jian said on Friday that in 2025, “Chinese innovation” has become a global buzzword. He noted that China has entered the world's top 10 in innovation rankings for the first time and has led globally in top innovation clusters for three consecutive years, with breakthroughs ranging from large AI models to the deep integration of AI and robotics.

China on Friday officially launched the national venture capital guidance fund, a move aimed at expanding patient capital and steering financial investment toward early-stage, small-scale, long-term and hard-tech ventures, according to the National Development and Reform Commission (NDRC), China Media Group (CMG) reported.

China's 2024 gross domestic product (GDP) was revised to 134.8066 trillion yuan (about 19.16 trillion U.S. dollars), down 101.8 billion yuan from the preliminary figure, the National Bureau of Statistics (NBS) said on Friday.

Science and Technology Daily, China's major science newspaper, unveiled the country's top 10 sci-tech news events in 2025 on Thursday, including the large model Deepseek, the Experimental Advanced Superconducting Tokamak (EAST), and the superconducting quantum computing prototype.

The 22.13-km Tianshan Shengli Tunnel, the world's longest expressway tunnel, officially opened to traffic on Friday.

With the launch of the Xi'an–Yan'an high-speed railway (HSR) on Friday, China's high-speed rail network has surpassed 50,000 kilometers in operation, a landmark achievement in the country's railway transportation network, Global Times learned from China Railway.

China, home to the world's largest high-speed rail network, has expanded its total operational mileage beyond 50,000 kilometers with the launch of a new high-speed line.

China's fast-growing goods economy and intellectual property (IP) industry, amid the nation's economic high-quality transition and consumption upgrade in recent years, have fostered the rise of domestic IPs with increasing value, and industry players are now focusing more on international markets and collaborations.

The 2026 Humanoid Robot Half-Marathon will be held in Beijing on April 19, 2026, following the world's first edition in 2025, running concurrently with the Beijing E-Town Half-Marathon, with humanoid robot competitors racing alongside human runners on the same day, an official of the Beijing municipal government told a press conference on Thursday.

ByteDance, TikTok's parent firm, unveiled a report on the handling of internal violations in the third quarter of 2025, the Beijing News reported on Thursday.

Multiple Chinese beef industry insiders, including cattle breeders, industry associations and industry observers told the Global Times on Thursday that China's beef industry is under pressure resulting from expanding market share of imported beef, calling on relevant authorities to introduce immediate safeguard measures by the year-end to stabilize market expectation and safeguard the domestic industry and breeders' livelihood.

In the first week after the official launch of island-wide special customs operations at the Hainan Free Trade Port (FTP) - from December 18 to Wednesday - imports of goods benefiting from zero tariffs exceeded 400 million yuan ($57 million), according to statistics from Hainan's Haikou Customs released on Thursday.

New measures supporting financial sector development of the New International Land-Sea Trade Corridor, a key logistics network connecting China's western regions to global markets, demonstrate China's determination to "open its doors wider and wider" in the next phase of development and will inject positivity in boosting dual circulation, a deputy governor of the People's Bank of China (PBC), China's central bank, said on Thursday.

The offshore yuan strengthened against the US dollar on Thursday, moving through the key 7.0000 mark and touching 6.9965 at 3:19 pm, its strongest level since September 2024.

In response to the incident involving the abrupt closure of the Zhengzhou Zhongyuan Porsche Center in Zhengzhou, Central China's Henan Province, Porsche China on Thursday issued a statement, extending its apologies for the inconvenience and concern caused to the car owners and other consumers.

China is always committed to maintaining the security and stability of the global industrial and supply chain and actively promoting and facilitating compliant trade, He Yongqian, a spokesperson for China's Ministry of Commerce, said on Thursday at a regular press conference, when asked about whether China will loosen controls of rare-earth magnets exports to the US, according to the Xinhua News Agency.

When asked to comment about the Office of the United States Trade Representative (USTR) released the results of its Section 301 investigation into Chinese semiconductor policies and announced additional tariffs on certain Chinese semiconductor products,and the current tariff rate is zero, and it will be increased after 18 months, in June 2027, He Yongqian, spokesperson of China's Ministry of Commerce said on Thursday that China has taken note of the situation and has lodged stern representations with the US through the China-US economic, trade consultation mechanism, stressing that China does not agree with the so-called conclusions of the US 301 investigation and firmly opposes the imposition of Section 301 tariffs on Chinese semiconductor products.

In response to recent US orders to block all sanctioned oil tankers entering and leaving Venezuela, He Yongqian, spokesperson for China's Ministry of Commerce, said at a regular press briefing on Thursday that China has consistently and firmly opposed the abuse of unilateral sanctions and so-called "long-arm jurisdiction" by certain countries. She noted that the arbitrary interception of other countries' oil tankers could not only disrupt the normal functioning of international energy markets, but also pose additional security risks.

China hopes that relevant companies can reach solutions on the TikTok issue that comply with Chinese laws and regulations and reflect a balanced consideration of interests, a spokesperson for the Ministry of Commerce (MOFCOM) said on Thursday, urging the US to provide a fair, open, transparent and non-discriminatory business environment for Chinese companies.

Recently, during a maglev experiment conducted by the maglev team of China's National University of Defense Technology, a ton-class test vehicle was successfully accelerated to 700 kilometers per hour within just two seconds, state broadcaster CCTV News reported on Thursday.

Dong Kai, deputy chief designer of the Zhuque-3 reusable rocket by Chinese private aerospace firm LandSpace, told the Global Times on Thursday that the rocket is expected to achieve a successful recovery by middle 2026, with plans to evolve into its "full configuration" within the same year.

China's Ministry of Public Security (MPS) on Thursday announced the results of a large-scale crackdown on dark- and gray- criminal networks in the financial sector involving a total of nearly 30 billion yuan ($4.26 billion), a campaign that has effectively helped clean up the country's financial market environment.

China's largest single-unit-capacity pumped-storage hydropower station was successfully connected to the national grid and began generating electricity on Thursday, marking another major breakthrough in the country's development of large-scale hydropower equipment and engineering capabilities.

A 299-kilometer high-speed railway linking the cities of Xi'an and Yan'an in northwest China's Shaanxi Province is set to commence operations on Dec. 26, China State Railway Group Co., Ltd. announced on Wednesday.

Workers assemble a new-energy vehicle at a manufacturing plant in Shijiazhuang, North China's Hebei Province, on December 24, 2025. From January to November this year, China's automobile production reached 31.231 million units, up 11.9 percent year-on-year, and sales reached 31.127 million units, up 11.4 percent year-on-year, according to official data. Photo: VCG

The transformation of a single bulldozer can sometimes speak more vividly about an economy's direction than volumes of macroeconomic statistics. The artificial intelligence (AI)-driven upgrading of bulldozers produced by China's Shantui Construction Machinery illustrates how advanced technologies are reshaping Chinese manufacturing, pushing it toward a model that is both more intelligent and more environmentally sustainable.

China's National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) have unveiled the 2025 version of the Catalogue of Encouraged Industries for Foreign Investment, outlining key measures to attract and use foreign capital with greater efforts. The move signals China's commitment to expanding high-level opening-up and could help support market expectations and confidence, according to the commission.

China's National Development and Reform Commission (NDRC) on Wednesday said that it would intensify efforts to implement a new round of initiatives to raise grain production capacity by 100 billion jin (50 billion kilograms), with a focus on boosting corn and soybean output while consolidating and enhancing staple grain production, according to the commission's official WeChat account.

Chinese technology enterprises have accelerated their listing procedures, with DEEP Robotics, a leading robotics producer and one of Hangzhou's "Six Little Dragons," setting a fresh example. The firm began its IPO advisory period on Tuesday, the Global Times learned from the website of the China Securities Regulatory Commission (CSRC) on Wednesday.

The People's Bank of China, the country's central bank, together with seven other government departments including the National Development and Reform Commission (NDRC) and the Ministry of Finance, recently released a set of opinions on financial support to accelerate the development of the New International Land-Sea Trade Corridor. The opinions put forward 21 key measures to promote the core financial functions of "financing" and "settlement" and support the high-quality development of the corridor, PBC announced on Wednesday.

Beijing on Wednesday announced a series of measures to ease restrictions on home-purchasing for both local and non‑local households, in a move to support the city's property market.

Spot gold broke through the $4,500 per ounce for the first time on Wednesday, with other noble metals, including silver and platinum, also hitting all-time highs.

China has released the catalog of encouraged industries for foreign investment (2025 Edition), a key policy document aimed at further attracting and better utilizing foreign investment, according to an official statement on Wednesday.

China's Ministry of Commerce (MOFCOM) said on Tuesday that it would step up policy support to foster innovation-driven development in foreign trade, during a roundtable meeting with foreign trade companies, according to the ministry's official website.

In response to reports that the US Trade Representative's Office claimed on Tuesday local time that it would impose tariffs on Chinese semiconductor products starting in June 2027, with details to be announced at least one month in advance, and claimed it had conducted a year-long investigation into China's semiconductor industry, Chinese Foreign Ministry spokesperson Lin Jian said on Wednesday that China firmly opposes the US abuse of tariffs and its unwarranted suppression of Chinese industries.

Trump's administration on Tuesday claimed that it will slap tariffs on Chinese semiconductor imports over Beijing's so-called "unreasonable" pursuit of chip industry dominance, but would delay the action until June 2027, Reuters reported. A Chinese expert said there may still be room for dialogue. But if the tariffs are ultimately imposed, such moves would amount to weaponizing trade in ways that run counter to WTO rules.

China National Offshore Oil Corporation (CNOOC) announced on Wednesday a new 100-million-ton discovery in the shallow Neogene formations of China's Bohai Sea — the Qinhuangdao 29-6 Oilfield.

China is "a very important and central market" for and a long-term "strategic partner" of Saudi Aramco, an executive of the Saudi oil giant said recently, voicing optimism about the Chinese economy and its future development.