Economy
China called on developed countries to recognize their historical responsibilities and provide sufficient, predictable, and sustainable financial support to developing countries, to help them achieve a fair green transition, a spokesperson from the Foreign Ministry said on Tuesday.
By Global Times | 2024/11/19 18:28:20
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  • Foreign financial institutions encouraged to participate in China's financial market operations: officials

    China's financial sector will continue to open up wider, and the country will support foreign institutions in participating more comprehensively and deeply in the Chinese financial market, officials said on Tuesday at the ongoing 2024 Global Financial Leaders' Investment Summit held in Hong Kong.

    By Li Xuanmin | 2024/11/19 16:20:10
  • China cuts holdings of US government debt to $772 billion in September

    China's holdings of US treasury bonds fell to $772 billion in September, a drop of $2.6 billion from a month earlier, marking the third consecutive monthly decline, according to the latest data released by the US Department of the Treasury on Monday.

    By Global Times | 2024/11/19 12:00:33
  • China's policy package expected to help drive 'V-shaped' recovery in Q4; annual targets expected to be met: economist

    China has recently introduced a set of incremental policy measures aimed at stabilizing growth, expanding domestic demand, and mitigating risks. These policies are not only focused on addressing current challenges but also on tackling major issues affecting the country's long-term economic development, economists stated at a forum hosted by the China Public Diplomacy Association in Beijing on Monday.

    By Song Lin and Ni Hao | 2024/11/19 0:09:52
  • Popularity of made-in-China goods shows protectionism would hurt Western shoppers

    Consumers are typically most concerned with the price and quality of goods. It should be up to consumers, not protectionist trade policymakers, to decide which products to purchase. At the very least, Western consumers should have the freedom to make their own choices without interference from protectionist trade policies.

    By Hu Weijia | 2024/11/18 23:47:34
  • Youth unemployment rate hits 3-month low in Oct, hinting at recovery

    China's youth unemployment situation improved in October compared with the previous month, with the rate for those aged 16 to 24 (excluding students) hitting a three-month low. An expert said that this is a sign of a job market recovery with potential for further improvement.

    By Chen Qingrui | 2024/11/18 20:49:27
  • From laboratory to market, China's BCI technology at a critical stage of transitioning

    Brain-computer interfaces (BCI) technology is advancing rapidly in China, according to scientists and experts at a recent industry forum held on Saturday. The research on BCI technology in China has reached a pivotal stage, transitioning from laboratory research to market applications. Analysts said this progress is poised to significantly contribute to economic growth and foster new competitive advantages.

    By Zhang Weilan in Wuhan | 2024/11/18 20:48:11
  • China to roll out pragmatic measures attracting foreign investment: CSRC

    China's top securities regulator said on Monday that the authority is launching a new round of reform and opening-up of the capital market, as more measures will be rolled out to create a better environment for global investors to participate in the Chinese market.

    By Xiong Xinyi and Ma Jingjing | 2024/11/18 20:33:47
  • China to pilot eVTOL aircraft services in six cities including Shenzhen and Hangzhou: media report

    China will take six cities as the pilot cities to pilot electric vertical take-off and landing (eVTOL) aircraft services, media reported on Monday, in a move to further tap into the potential of the low-altitude economy.

    By Global Times | 2024/11/18 19:45:14
  • China's BYD becomes first automaker in the world to deliver 10 million NEVs

    Chinese automaker BYD delivered its 10-millionth new-energy vehicle (NEV) on Monday, marking the first time any automaker worldwide has achieved this milestone, the company announced on Monday.

    By Global Times | 2024/11/18 16:50:08
  • Shanghai scraps residential housing distinction, easing transaction burdens to boost home sales

    Shanghai on Monday further relaxed its real estate policies, eliminating distinction between ordinary and non-ordinary homes and expanding tax incentives for property transactions, in an effort to bolster the real estate sector.

    By Song Lin | 2024/11/18 14:33:24
  • China's annual parcel volume hits new record high of 150b year-to-date, reflecting vigor and vitality of nation's consumer market

    China's parcel delivery sector has broken another record, handling more than 150 billion parcels as of Sunday this year and surpassing the total volume for last year, official data showed on Monday.

    By Ma Jingjing | 2024/11/18 11:49:16
  • Construction of China-Russia east-route natural gas pipeline complete, to shore up energy supply in East China

    Construction has been completed on the China-Russia east-route natural gas pipeline, a vital energy corridor for China, and the facility is in its final commissioning phase, the National Oil and Gas Pipeline Network Group (PipeChina), the builder of the project, said on Monday as reported by CCTV.

    By Ma Tong | 2024/11/18 11:36:55
  • Yiwu-Madrid freight train service marks 10th anniversary, strengthening trade connectivity between China, Europe

    On Monday morning, a China-Europe freight train loaded with 110 containers of daily necessities, auto parts, and machinery equipment departed from Yiwu, China's small commodity hub in Zhejiang Province, for Madrid, Spain. Monday marked the 10th anniversary of the operation of the route.

    By Zhang Yiyi in Yiwu | 2024/11/18 11:22:05
  • Groundless 'EV graveyard' hype smears orderly devt of sector in China

    At a time when China's NEV industry has just set a new annual production record, old photos are being dug up again, using groundless and misleading reports about "EV graveyards" to talk down China's EV industry. The ill intention behind this is to suggest that "China's EV industry is struggling with issues of disorderly development and capacity waste." However, this is not true.

    By Wang Yi | 2024/11/17 23:25:25
  • COP29 showcases China's progress in green transition

    As the COP29 enters its second week in Baku, Azerbaijan, China's commitment to emission reduction and global cooperation in the joint response to climate change has been in the spotlight, including the establishment of the world's largest and most complete new-energy industry chain and 177 billion yuan ($24.5 billion) of funding for Global South projects.

    By Zhang Han and Shen Sheng | 2024/11/17 23:13:19
  • Robust trade between China, Brazil promotes mutually beneficial ties

    Robust trade between China and Brazil continues to promote mutually beneficial bilateral trade and economic ties, while a number of sectors have profound growth potential, industry insiders from the two countries said.

    By Chu Daye | 2024/11/17 23:09:19
  • China-Latin America cooperation in new energy holds great potential: business leaders

    China and Latin America have great potential for cooperation in the green and new-energy sectors, as China's advanced new-energy technologies and products match the region's emerging need for clean energy and overall social and economic development, Chinese and Peruvian business leaders told the Global Times.

    By Wang Cong in Lima | 2024/11/17 23:02:23
  • 'Mutual access' enhances Hong Kong's attractive role on global stage: Paul Chan Mo-po

    Sunday marked the 10th anniversary of the mutual access mechanism connecting capital markets in the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR). Over the past decade, the growing integration between the two markets has deepened, enhancing Hong Kong's unique and increasingly attractive role on the global stage, Financial Secretary of the HKSAR government Paul Chan Mo-po said.

    By Song Lin | 2024/11/17 21:56:53
  • NE China's Heilongjiang taps seeds breeding to ensure field output

    With the global economy, including China's, facing challenges, some Western politicians and media outlets have stepped up smear campaigns against the world's second-largest economy. They selectively highlight information and distort facts to promote their narratives like “Peak China,” while ignoring China's economic resilience and growth potential. To set the record straight, the Global Times is launching a multimedia project featuring in-depth articles, analyses and visual arts to provide a balanced and accurate portrayal of the Chinese economy. This is the 17th installment of the series.

    By Chu Daye and Tao Mingyang in Heihe and Fuyuan | 2024/11/17 19:17:25
  • Brazil eyes for increasing tourism cooperation with China: travel bureau head

    Brazil views China-Brazil tourism as a key driver of mutual growth, believing it will further strengthen the friendly relations between the two countries. It is also expected that the development of the tourism industry will bring long-term economic and cultural benefits to both China and Brazil, Marcelo Freixo, president of Embratur told the Global Times.

    By Li Xuanmin and Zhang Yiyi | 2024/11/17 12:40:05
  • China, Brazil trade grows nearly 10% in the first 10 months of 2024, underpinning mutual beneficial partnership

    China's trade with Brazil increased by nearly 10 percent in the first 10 months of 2024, highlighting the deep economic and trade ties the two nations have built over the past 50 years., Chinese state broadcaster CCTV said on Sunday.

    By Global Times | 2024/11/17 12:26:17
  • China, Canada trade officials conduct pragmatic, candid talks in Lima

    China has been Canada's second-largest trade partner for many years, and economic and trade cooperation has been a major driver of bilateral relations, Chinese Commerce Minister Wang Wentao said on Saturday, while calling for joint efforts to manage and resolve trade disputes, which will serve the fundamental interests of both countries.

    By Ma Jingjing | 2024/11/17 11:04:48
  • China and EU reach 'technical consensus' in recent EV talks: media report

    Chinese and European teams have reached "technical consensus" in recent electric vehicles (EVs) talks, after in-depth discussions on the specifics of the price commitment plan on China-made EVs, Yuyuan Tantian, a social media account affiliated with state broadcaster CCTV, said in a post on Saturday.

    By Global Times | 2024/11/16 19:10:02
  • President Xi's written speech at APEC CEO Summit boosts confidence of business leaders

    Chinese President Xi Jinping's written speech at the APEC CEO Summit in Lima, Peru on Friday, in which he called for jointly promoting a universally beneficial and inclusive economic globalization, boosted confidence and opened the door further for cooperation, Chinese and foreign business leaders said.

    By Wang Cong in Lima | 2024/11/16 13:35:44
  • Chancay Port has created jobs for local workers; more jointly-built projects between China and Peru anticipated: Peruvian representative of construction workers

    The construction of Chancay Port has created jobs for many construction workers and has improved their families' living standards. With the port serving as a demonstration, it is hoped that Peru and China can jointly build more projects and create more jobs for local people, Luis Villanueva, secretary general of the Federation of Workers in Civil Construction of Peru, told the Global Times.

    By Bai Yunyi and Ma Jingjing | 2024/11/16 1:01:45
  • China issues list for export control of dual-use items, showing prudent approach: MOFCOM

    China's Ministry of Commerce (MOFCOM), along with the Ministry of Industry and Information Technology, the General Administration of Customs, and the State Cryptography Administration, issued a list on Friday for export control of dual-use items, which will take effect on December 1, MOFCOM said.

    By Chu Daye and Qi Xijia | 2024/11/16 0:43:21
  • China sees economic boost as support policies take effect

    China posted improving economic data for October as a series of existing and new support policies took effect. Chinese officials and analysts said that as more of these policies are implemented, economic recovery and growth will be further consolidated.

    By Chu Daye | 2024/11/16 0:38:02
  • Changes brought by BRI to Central America strategically important: presidential advisor

    Since the resumption of bilateral relations three years ago, both sides have been working with a sense of urgency to promote the development of China-Nicaragua friendly relations. Key agreements have been reached, including the joint development of the Belt and Road Initiative (BRI) and a Free Trade Agreement (FTA) between China and Nicaragua, which came into effect in 2024, marking a landmark achievement in bilateral cooperation.

    By YIn Yeping | 2024/11/15 23:23:40
  • Nation's low-altitude industry development shifts into high gear

    The 2024 International Low Altitude Economic Expo was successfully held in Zhuhai, South China's Guangdong Province from Sunday to Tuesday, attracting professional attendees from more than 20 countries and regions worldwide to witness the latest technological advancements and innovative applications in the low-altitude economy and unmanned systems.

    By Pan Helin | 2024/11/15 23:07:23
  • Managing differences over EVs right way to navigate trade issues

    Despite the EU's recent implementation of imposing high tariffs on Chinese electric vehicles (EVs), negotiations for alternative solutions continue, and both sides have shown an intention to manage their differences and avoid further escalation in trade tensions.

    By Jian Junbo | 2024/11/15 23:04:25
  • Foreign automakers showcase new EV products at Guangzhou auto show, bullish on China's market opportunities

    The 22nd Guangzhou International Automobile Exhibition officially kicked off on Friday, with many major global carmakers actively participating in and introducing new electric vehicle (NEV) models. This reflects their continued optimism about the vast potential of China's NEV market, even in the face of growing competition from domestic brands, analysts said.

    By Global Times | 2024/11/15 19:26:39
  • China-proposed BRI improves Peru's connectivity with intl markets, with devt of Chancay Port a highlight: Peruvian official

    China-proposed Belt and Road Initiative (BRI) has facilitated strategic investments in infrastructure and improved Peru's connectivity with international markets, especially with Asia, Luis Cabello, commercial counsellor, and representative of Promperú - Promotion Agency of Peru for Exports and Tourism, in Beijing, told the Global Times in an exclusive written interview on Friday.

    By Yin Yeping | 2024/11/15 18:41:17
  • China actively promotes RCEP high-quality economic development as the pact celebrates 4th anniversary

    Friday marks the 4th anniversary of the signing of the Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade pact in terms of population and trade volume.

    By Global Times | 2024/11/15 18:14:02
  • China ready to share development opportunities with the world, including Australia: MOFCOM Minister

    China will leverage the strengths of its vast domestic market, expand its opening-up efforts, improve the business environment, and share growth opportunities with global partners, including Australia, Chinese Commerce Minister Wang Wentao said via video at a China-Australia economic forum in Sydney on Friday, according to a notice on the website of the Ministry of Commerce (MOFCOM).

    By Global Times | 2024/11/15 14:19:28
  • China's property market expectations further improve as home price decline narrows: NBS

    China's National Bureau of Statistics (NBS) said on Friday that property market expectations further improved in October, as home price decline in major 70 cities narrows on a monthly basis while some regions are reporting an increase in prices.

    By Qi Xijia | 2024/11/15 11:58:11
  • China sees economic boost in October as supportive policies take effect

    China posted improving economic data for October as a series of existing and new supportive policies took effect.

    By Global Times | 2024/11/15 11:46:28
  • China-Europe freight train trips hit 100,000, boosting cross-border connectivity and efficiency

    On Friday morning a freight train carrying a variety of goods left Southwest China's Chongqing Municipality for Duisburg, Germany, marking a major milestone as the total number of China-Europe freight train trips exceeded 100,000.

    By Zhang Yiyi in Chongqing | 2024/11/15 10:30:42
  • Consumption expected to maintain upturn amid current vitality: MOFCOM

    China's recent consumption market has shown vitality, with various exhibitions nationwide, steadily growing goods consumption, energetic services consumption and booming sales of new types of smart and green products, the Ministry of Commerce (MOFCOM) said on Thursday.

    By Global Times | 2024/11/15 0:22:52
  • GT on the Spot: Exporting to China makes more money, says vendor at a market in Lima, amid growing agricultural trade

    As China and Peru are set to deepen bilateral ties during upcoming high-level events, Peruvian officials and agricultural businesses are seeking to further expand agricultural cooperation with China, leveraging various joint efforts to boost trade.

    By Wang Cong, Tang Ya and Yun Tianhua in Lima | 2024/11/15 0:14:42
  • Yuan stability supported by economic fundamentals despite 'bearish' hype

    To provide a more accurate analytical perspective on the currency, it is necessary to consider the fluctuations of the yuan against the US dollar, as well as against other major currencies. Despite uncertainties and shocks from market fluctuations, the yuan remains one of the most stable currencies globally.

    By Wang Yi | 2024/11/14 23:25:38
  • German firms urge green cooperation, oppose EV tariffs

    German business representatives in China expressed the remaining continuing importance of the Chinese market for German companies and said they seek to strengthen cooperation in key areas including electric vehicles (EVs).

    By Yin Yeping | 2024/11/14 21:29:05
  • China-LatAm tourism serves as bridge to ties

    The number of Chinese tourists travelling to Latin American countries has steadily risen in recent years, making China one of the important source markets for Latin America, data from a number of travel platforms showed, a trend which industry insiders said is partly driven by the opening of more direct flights, closer economic ties as well as frequent cultural interactions between the two economies.

    By Li Xuanmin and Zhang Yiyi | 2024/11/14 21:24:00
  • China boosts job efforts for 12.22 million college 2025 grads

    China's Ministry of Education (MOE) and Ministry of Human Resources and Social Security are ramping up efforts to support employment and entrepreneurship initiatives for college graduates, as the number is expected to reach 12.22 million this year, China Central Television reported on Thursday.

    By Global Times | 2024/11/14 21:21:55
  • First trial of former ICBC vice president opens, charged with bribery exceeding 177m yuan

    The Hangzhou Intermediate People's Court of East China's Zhejiang Province held a public trial in the first instance of the bribery case of Zhang Hongli, a former vice president of the Industrial and Commercial Bank of China (ICBC) on Thursday, as Zhang was charged with illegally accepting property of more than 177 million yuan ($24.44 million), CCTV reported.

    By Global Times | 2024/11/14 20:00:42
  • Chinese mining group Zijin says loss suffered from theft at Colombian mine yet to be verified; gold output continues to rise

    In response to media reports that a drug gang looted more than three tons of gold from Zijin Mining Group in Colombia, South America, a representative from the Chinese mining giant acknowledged the existence of illegal mining activities, noting that estimating the scale of illegal mining remains challenging, according to domestic news outlet yicai.com.

    By Global Times | 2024/11/14 19:41:59
  • US push for TSMC chip curbs on Chinese mainland a 'gross interference' in free trade: MOFCOM

    The US' move to escalate its crackdown on China's semiconductor industry is a significant violation of international trade rules, a gross interference in free trade, severely damaging the interests of all parties and impeding global technological exchanges and economic and trade cooperation, China's Ministry of Commerce (MOFCOM) said on Thursday.

    By Global Times | 2024/11/14 18:08:18
  • Trade with LAC to exceed $500b this year, ministry says

    China-Latin America trade volume in the first three quarters of this year reached $427.4 billion, a 7.7 percent increase year-on-year, with the full-year total expected to exceed $500 billion, Chinese Foreign Ministry (FM) spokesperson Lin Jian said on Thursday.

    By Global Times | 2024/11/14 17:55:35
  • China's largest offshore Enping 15-1 oilfield group sets new record with daily production exceeding 7,500 tons

    China's largest and most intelligent offshore oilfield cluster, the Enping 15-1 oilfield group, has brought all 76 wells online, achieving a daily crude output of over 7,500 tons, setting a new record, CCTV News reported on Thursday.

    By Global Times | 2024/11/14 11:45:56
  • China becomes first country to produce 10m NEVs within a year

    China's annual output of new-energy vehicles (NEVs) surpassed 10 million units as of Thursday, making it the first country to achieve this milestone, CCTV News reported on Thursday.

    By Chu Daye | 2024/11/14 9:17:07
  • Sprinting to fill orders

    A worker at a steel company in Lianyungang, East China's Jiangsu Province, is busy on the production line on November 13, 2024. Since the start of the fourth quarter, businesses across Lianyungang have entered a “sprint” mode, working at full capacity to ramp up production and fulfill orders as they push to finish off the year on a strong note. Photo: VCG

    By Global Times | 2024/11/14 0:02:14
  • China to deepen innovative integration from robots to AI in home service sector

    Five Chinese authorities including the top economic planner, the National Development and Reform Commission, on Wednesday released an opinion on deepening the integration of industry and education of the home service industry, with a major focus on promoting industrial upgrading and innovative advancements.

    By Xiong Xinyi | 2024/11/13 23:54:09
  • China rolls out tax incentives to boost housing market

    Three Chinese ministries rolled out a package of tax incentives to invigorate the real estate market on Wednesday, in what an analyst said would be a sizable boon to support the healthy development of the housing market.

    By Chu Daye | 2024/11/13 23:49:00
  • Enhancing APEC cooperation conducive to improving regional economic outlook

    It is essential for APEC to value the successful experiences of past regional economic integration and trade liberalization efforts. In light of current common challenges, if zero-sum thinking can be ruled out, there is potential to enhance the regional economic growth outlook through strengthened cooperation.

    By Wang Yi | 2024/11/13 23:43:30
  • Ocean of abundance

    Workers load and transport abalone fry in a marine ranch in Rongcheng city, East China's Shandong Province on November 13, 2024. According to preliminary calculations, China's gross ocean product grew 5.4 percent year-on-year to 7.7 trillion yuan ($1.08 trillion) in the first three quarters of this year. Photo: VCG

    By Photo: VCG | 2024/11/13 23:27:27
  • China's gold accessories market adjusts as global prices fall

    The recent decline in international gold prices has captured the Chinese market's attention, prompting adjustments in the domestic gold accessories sector, where many well-known brands have been cutting prices.

    By Qi Xijia | 2024/11/13 23:16:52
  • China's A-share turnover tops 1tr yuan for 31st trading day

    The combined turnover of China's Shanghai and Shenzhen stock exchanges exceeded 2 trillion yuan ($276.96 billion) on Wednesday, marking the 31st consecutive trading day that the two bourses saw total turnover exceed 1 trillion yuan, according to market data.

    By Ma Jingjing | 2024/11/13 22:44:30
  • GraphicAnalysis: APEC strong push for Asia-Pacific cooperation

    Since the establishment of APEC, Asia-Pacific regional cooperation has accelerated the region's development and positioned the region as a center of global economic growth. Moreover, China has emerged as a pivotal force in promoting high-quality, sustainable regional and global development.

    By Global Times | 2024/11/13 22:14:01
  • Foreign aviation equipment makers clinch more contracts with Chinese airlines at Airshow China

    Several foreign aviation equipment companies have inked new contracts with Chinese airlines at the ongoing 15th China International Aerospace Expo in Zhuhai, South China's Guangdong Province, indicating that cooperation in the aviation supply chain between China and foreign countries will continue to strengthen.

    By Global Times | 2024/11/13 19:18:47
  • China will focus on people's livelihood in ties with Latin America, enhance solidarity and cooperation: FM spokesperson

    China and Latin America have all along prioritized major livelihood projects in their cooperation and also implemented a good number of small and beautiful livelihood projects in Latin America, a spokesperson from the Chinese Foreign Ministry said on Wednesday, pledging ongoing commitment to focus on people's livelihood and deliver a stronger sense of fulfillment and happiness to the peoples of both sides.

    By Global Times | 2024/11/13 18:05:55
  • Embracing peaceful development, rejecting bloc confrontation and zero-sum games key to 'Asia-Pacific miracle': FM

    It is precisely because Asia-Pacific countries have embraced peaceful development and rejected bloc confrontation and zero-sum games that the region has created the "Asia-Pacific miracle," serving as a global anchor for development and stability, a Chinese Foreign Ministry (FM) spokesperson said on Wednesday.

    By Global Times | 2024/11/13 17:27:18
  • China's first 1-gigawatt offshore PV project connects power units to State Grid

    The initial power units of China's first 1-gigawatt offshore photovoltaic project have been connected to the State Grid, said the State Power Investment Corporation on Wednesday. This project marks a significant step forward, serving as a model for the global expansion of offshore solar energy.

    By Global Times | 2024/11/13 12:51:28
  • China-APEC trade surpasses 21 trillion yuan in first 10 months of 2024, setting a new record high

    China's trade with Asia-Pacific Economic Cooperation (APEC) economies reached a historic high, surpassing 21 trillion yuan ($2.91 trillion) in the first 10 months of 2024, underscoring their deepening economic integration and strong trade connections.

    By Global Times | 2024/11/13 12:50:39
  • Financial professionals flock to Hong Kong as its hub status shines

    The Hong Kong Special Administrative Region (HKSAR), as an international financial hub, saw its licensed finance jobs hit a record in October. Experts noted on Tuesday that Hong Kong's financial sector is brimming with potential and is poised to capture growing attention from global investors.

    By Song Lin | 2024/11/12 23:43:56
  • China's AI organizations total nearly 1.9m, with concentration in southeastern region

    As of October 31 this year, the number of artificial intelligence (AI) organizations in China had reached nearly 1.9 million, with more than 60,000 enterprises nationwide in the manufacturing sector having realized an AI transformation, the China Organization Data Service under the State Administration for Market Regulation said on Tuesday.

    By Liu Yang | 2024/11/12 23:41:09
  • Air China intends to be world's first user of C929 wide-body passenger aircraft

    Air China said on Tuesday that it had signed a framework agreement with Shanghai-based Commercial Aircraft Corp of China (COMAC) for the C929 wide-body aircraft, and the carrier expects to be the first user of the aircraft in the world.

    By Global Times | 2024/11/12 22:44:22
  • Confidence is strengthening in achieving annual economic target of around 5 percent

    Now China has entered November. Noting that the year 2024 will end in less than two months, Chinese President Xi Jinping stressed the need to push forward with various work, especially the economic work, in an effective and solid manner, so as to deliver on the economic and social development goals for the whole year.

    By Jin Sheping | 2024/11/12 22:34:27
  • Backing up rural cooperatives

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

    By Global Times | 2024/11/12 22:20:57
  • AS700 airship receives 10 more purchase orders at China Airshow 2024, maiden commercial flight about to start

    China's homegrown civil airship, the AS700 "Xiangyun," received 10 new purchase orders on the opening day of the Airshow China 2024 in Zhuhai, South China's Guangdong Province, and the developer said the maiden commercial flight of the airship is set to begin soon.

    By Tao Mingyang | 2024/11/12 22:14:12
  • China trade surplus hype merely an excuse for protectionist tariffs

    Certain Western media outlets frequently hype the issue of "China's trade surplus," blaming China for "creating trade imbalances in global commerce" and sensationalizing trade war concerns. This perspective is misleading and serves as an excuse for implementing high protectionist tariffs and other unjustified trade barriers. It is these protectionist tariffs that pose a real threat to global trade.

    By Wang Yi | 2024/11/12 21:57:09
  • More than 200 Chinese A-Share companies announce Q3 cash dividends, boosted by capital market support policy

    In a significant development for China's stock market, more than 200 A-share companies had announced cash dividend plans for the third quarter as of Monday, as policies to support the healthy development of the capital market take effect.

    By Qi Xijia | 2024/11/12 21:48:36
  • No disclosure on specific results doesn't mean no progress in China-EU EV price commitment talks: expert

    While China and the EU have just concluded multiple rounds of intensive negotiations on a proposed price commitment plan concerning Chinese electric vehicles (EVs), certain Western media outlets have hyped in reports that “the EU sees very limited progress in negotiations with China,” and that “the bloc currently sees little prospect of a quick deal.”

    By Ma Jingjing | 2024/11/12 21:48:23
  • Inner Mongolia's Ulanqab frozen potato chip exports to Mongolia up 473.37% from Jan-Oct

    The volume of frozen potato chip exports from Ulanqab in North China's Inner Mongolia Autonomous Region to neighboring Mongolia saw a significant rise in the first 10 months of 2024, as local foreign trade companies expressed optimism about growing bilateral business.

    By Global Times | 2024/11/12 21:39:38
  • As ski season approaches, China's northern regions pin hope on winter tourism frenzy

    As China's ski season approaches, many places in the country's northern regions are launching ski tourism projects, with related products seeing a surge in pre-sales during the Double Eleven shopping festival on Chinese travel platforms.

    By Chen Qingrui | 2024/11/12 15:32:16
  • ARJ21 has a new name of C909, winning 70 orders at the first day of Airshow China

    Commercial Aircraft Corporation of China (COMAC), the producer of China's home-grown regional jetliner ARJ21, announced on Tuesday that the model has been renamed the C909.

    By Tu Lei | 2024/11/12 15:25:04
  • China's new western land-sea corridor boosts international transport capacity

    China's General Administration of Customs reported on Tuesday that in the first 10 months of 2024, customs oversaw 6,525 China-Laos Railway runs and 1,700 China-Vietnam Railway runs, each showing substantial year-on-year growth, highlighting the expanded international rail transport capacity of the new western land-sea corridor.

    By Global Times | 2024/11/12 15:15:00
  • China's e-commerce giants report robust sales during 2024 'Double 11' shopping festival

    Chinese e-commerce giants Tmall and JD.com reported very strong sales during the 2024 "Double 11" shopping festival, which came to a close on Monday, as China's consumer market continues to recover steadily.

    By Global Times | 2024/11/12 12:19:39
  • People's Daily article provides clear perspective on how to view China's current economic landscape

    How to view China's current economic landscape? Data from the first three quarters has garnered much public attention. Some see only the challenges. On a quarterly basis, the year-over-year growth rates of 5.3 percent, 4.7 percent, and 4.6 percent indicate a downward trend. In the third quarter particularly, key economic indicators slowed in July and August, sparking doubts about economic growth prospects and achieving annual targets.

    By Ren Ping | 2024/11/11 23:28:23
  • Chinese EV makers invest in Africa to foster green growth, not avoid Western tariffs

    The investment of Chinese EV makers in the African market is not a passive response to protectionist tariff barriers in Western countries as claimed by some Western media outlets; rather, it is a natural choice based on the increasingly close economic ties and cooperation trends among countries in the Global South.

    By Wang Yi | 2024/11/11 23:46:03
  • China-focused ETFs listed overseas see significant inflows in October, showing foreign investors' growing optimism on economy

    The scale of China-focused exchange traded funds (ETFs) listed overseas has jumped significantly since October, a development that observers said reflected growing optimism among foreign investors on Chinese assets as their confidence in the outlook for the world's second-largest economy has been further boosted by a package of supportive measures to stabilize the growth momentum.

    By Li Xuanmin | 2024/11/11 23:27:16
  • China's SMEs maintain recovery momentum in October

    China's small and medium-sized enterprises (SMEs) maintained their recovery momentum in October amid strengthening policy support for the private economy and investment, data from an industry association showed on Monday.

    By Ma Jingjing | 2024/11/11 23:24:13
  • China's NEV sales set monthly record in October, boosted by policy support

    In October, China's new-energy vehicle (NEV) sales reached 1.43 million units, up 49.6 percent year-on-year, setting a new one-month sales record. From January to October, cumulative sales hit 9.75 million, a 33.9 percent rise, according to data from the China Association of Automobile Manufacturers (CAAM) on Monday.

    By Global Times | 2024/11/11 23:23:33
  • China's 'Double 11' online shopping festival boosts consumption, logistics

    China's annual "Double 11" online shopping festival reached its peak on Monday night, as e-commerce platforms unleashed a flurry of discounts and red packets in a final push to boost sales.

    By Qi Xijia | 2024/11/11 23:17:51
  • Complementarity in key industries links Italy, China

    Italy and China are complementary in many key industries, including renewable energy, electric vehicles (EVs) and digitalization, said Lorenzo Riccardi, chairman of the China-Italy Chamber of Commerce, in an exclusive interview with the Global Times on Monday.

    By Yin Yeping | 2024/11/11 23:08:56
  • More joint efforts from different parties encouraged to boost SAF industry

    Against the backdrop of global energy transformation, the aviation industry is accelerating decarbonization, and sustainable aviation fuel (SAF) has become a hot topic. Global Times has learned that many airlines have announced that they will use SAF to promote the goal of net zero emissions and have launched relevant layouts; some large oil companies have also begun to focus on related capacity construction.

    By Tu Lei in Chengdu | 2024/11/11 21:12:51
  • China's commercial rocket firm provides launch service for international client for the first time

    CAS Space, Chinese commercial aerospace company, successfully sent 15 satellites into orbit with its solid rocket Kinetica-1, also known as Lijian-1, on Monday. The flight also deployed an intelligent remote sensing satellite for Omani client, marking the Chinese private rocket firm's first collaboration with international client.

    By Fan Wei and Tao Mingyang | 2024/11/11 20:25:28
  • Chinese FM slams certain US politicians for attempting to pull China-US trade ties into cold war era by working on revoking China's trade status

    In response to a Bloomberg's query about reports that several US House Republicans have been working on legislation that could potentially revoke China's permanent normal trade relations or PNTR status, Chinese Foreign Ministry spokesperson Lin Jian stated on Monday that some US politicians are attempting to turn back the wheel of history and pull the China-US trade and economic relations back to the Cold War era.

    By Global Times | 2024/11/11 19:56:20
  • Chinese organizations vow to promote engineering talent development to drive innovations: 2024 IEC

    "Regarding the city, I'd love to have more time here, and I'll definitely make an effort to explore the country's manufacturing capital, with hopes of forging relationships for future business and collaboration," Aridaí Herrera, President of Pan American Federation of Engineering Societies, told the Global Times on Saturday.

    By Chen Qingrui in Taizhou | 2024/11/11 17:12:21
  • China to impose provisional anti-dumping measures on EU brandy

    China's Ministry of Commerce (MOFCOM) announced Monday that Chinese investigating agencies decided to imposing temporary anti-dumping measures against brandy imported from the European Union (EU), according to a supplementary notice released on Monday.

    By Liu Yang | 2024/11/11 17:03:24
  • China's property market shows signs of bottoming out, as home sales accelerate in major cities in October

    Since a series of economic stimulus policies began taking effect in late September, this year's “Silver October” real estate transactions outpaced those of “Golden September” – the first time this has happened since 2007.

    By Global Times | 2024/11/11 14:28:56
  • Chinese railway sleeper factory starts production in western Algeria

    A new Chinese railway sleeper factory opened in Tindouf, western Algeria, on Sunday, marking the official launch of CRCC's Western Algeria Railway Mining Line project.

    By Global Times | 2024/11/11 14:24:00
  • Central China's Hunan Province starts to build an inter-city maglev rail line

    Construction began on Monday for a 48.73-kilometer-long maglev rail line connecting Changsha and Liuyang cities in Hunan Province, marking China's first trans-city maglev express rail transportation.

    By Global Times | 2024/11/11 13:19:51
  • Tax, fee cuts for high-tech development surpass 2t yuan

    In the first three quarters of 2024, China's major policies supporting scientific and technological innovation and the development of the manufacturing sector reduced taxes and fees, yielding refunds of 2.087 trillion yuan ($289.73 billion), the Xinhua News Agency reported, citing data released by the State Taxation Administration.

    By Global Times | 2024/11/10 23:47:41
  • MOF reduces interest rate on latest treasury savings bonds to about 2%

    The final tranche of treasury savings bonds (electronic) this year began to be issued on Sunday and the issuance will end on November 19, according to a statement on the website of China's Ministry of Finance (MOF). Two types of savings bonds will be issued in this new round, with the interest rate on both the three- and five-year bonds at near 2 percent, marking the fourth time that the rate has been reduced this year.

    By Li Xuanmin | 2024/11/10 23:43:56
  • Amid China's steadfast opening-up, EU needs to refrain from protectionism

    The remarks made by the EU ambassador to China regarding trade dispute and market access issues reflect certain complexities and challenges in the China-EU economic and trade relationship. However, it is important to note that China's pace of opening-up will not be halted by external pressure or doubts.

    By Wang Yi | 2024/11/10 22:48:47
  • Australian firms optimistic about Chinese market: AustCham China chair

    For Australian companies, the China International Import Expo (CIIE) is an important opportunity to engage with customers in Australia's largest export market - China, said Vaughn Barber, China-Australia Chamber of Commerce (AustCham China) chair, in an interview with the Global Times, during the CIIE in Shanghai, which is in its seventh session this year.

    By Yin Yeping | 2024/11/10 21:30:59
  • Air China marks 25th anniversary of Macao's return with C919 national flag debut

    Air China's domestically produced C919 aircraft, adorned with the national flag, has made its debut in Macao Special Administrative Region.

    By Global Times | 2024/11/10 21:24:11
  • CIIE concludes with record of over $80 bln in tentative deals

    The China International Import Expo (CIIE), the world's first national-level exposition dedicated to imports, concluded its 7th edition on Sunday, drawing worldwide attention, and with this year's cumulative intended transaction value reaching $80.01 billion, a new record has been set since its launch in 2018.

    By Yin Yeping and Qi Xijia in Shanghai | 2024/11/10 21:23:36
  • Changchun development zone has been a magnet to attract European investment

    An unassuming plant in Northeast China's Changchun produces a top-quality new material that is widely used in today's high-tech industries. The German investor noted that this is Chinese technology created in China for the world. Success stems from China's robust industrial supply chain, entrepreneurial vigor of its Chinese partners and the favorable conditions unique to China.

    By Chu Daye and Tao Mingyang in Changchun | 2024/11/10 20:51:41
  • CIIE turns international exhibits into commodities

    "Exhibits become commodities" and "commodities become explosions" are among the main functions of the China International Import Expo (CIIE). During the 7th CIIE, held in Shanghai, the expo has become a strong bridge helping a number of international goods enter the vast Chinese market.

    By GT staff reporters | 2024/11/10 19:15:54
  • BRI partner countries laud China's engineering achievements, call for enhanced cooperation at 2024 IEC

    The 2024 International Engineering Congress (IEC) in Taizhou, Zhejiang Province, East China, concluded on Sunday. At the event, engineering sector leaders expressed strong appreciation for China's support and anticipated increasing cooperation with China across the engineering sector.

    By Chen Qingrui in Taizhou | 2024/11/10 15:32:00
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