If China and the US can enhance cooperation, it will greatly boost the development of global clean energy transition, which is crucial for achieving the goals of the Paris Agreement, advancing multilateralism, ensuring global energy supply stability, and realizing a green transition.

In the first three quarters of the year, China has seen consistent net inflows of various inbound investments, with securities investments alone recording a net inflow of $93.1 billion, marking four consecutive quarters of positive inflows, according to data from the State Administration of Foreign Exchange (SAFE) released on Friday.

The formulation of the private economy promotion law is a key measure to adapt to the new situation of China's economic development and to promote the high-quality development of the private economy. This law is set to stimulate the private sector's potential and vitality.

After a 23-day-long ocean voyage, a shipment of about 8,000 tons of cherries from San Antonio, a Chilean port city, arrived at Tianjin Port last week. This marks the first delivery since the launch of a direct shipping route between Chile and Tianjin in early December, according to the Tianjin Municipal Transportation Commission.

The commencement ceremony of the China-Kyrgyzstan-Uzbekistan (CKU) railway project was held in Jalalabad, Kyrgyzstan on Friday, marking significant progress in its preliminary phase and laying a solid foundation for the project's construction at an early stage, China Railway said in a statement sent to the Global Times on Friday.

China's Ministry of Commerce (MOFCOM) announced on Friday to launch a safeguard investigation into imported beef, starting from December 27, 2024, at the request of domestic industry associations.

China's Ministry of Commerce decides to initiate a safeguard investigation on imported beef starting from Friday

The USTR's announcement of a so-called Section 301 investigation into the Chinese semiconductor industry has drawn firm opposition from the China Council for the Promotion of International Trade (CCPIT), speaking on behalf of the Chinese business community, Sun Xiao, a spokesperson for CCPIT, said on Friday at a regular press conference.

The National Bureau of Statistics (NBS) stated on Friday that revising GDP data is a common international practice and has always been a routine part of China's government statistics work. And the revised-up GDP figure for 2023 will not have a significant impact on the GDP growth rate for 2024.

China's National Bureau of Statistics (NBS) on Thursday revised the country's GDP to about 129.43 trillion yuan ($17.73 trillion), an increase of around 3.37 trillion yuan from the preliminary figure, following the completion of the fifth National Economic Census. The census highlighted significant progress in China's high-quality development over the past five years.

China Energy Storage Alliance (CNESA) organized a closed-door seminar in Beijing on Thursday to address involution-style competition in the new energy storage sector, with participation from nearly 30 industry-leading companies, an employee with the alliance confirmed to the Global Times on Thursday without further elaboration.

SouthKorea's central bank's recent announcement of a further interest rate cut next year is necessary for the nation's real economy, especially for its export-driven manufacturing sector. In 2025, some Asian economies may still be in a rate-cutting cycle, creating a window of opportunity for further growth and transformation in Asia's manufacturing supply chain.

Several Chinese online travel platforms are reporting an increase in searches for Japanese tourist destination as much as threefold as the two countries vowed to further facilitate cross-border travel.

China's first self-developed narrow-body jet C919 aircraft will serve the route from Shanghai to Hong Kong starting from January 1, 2025, China Eastern Airlines said on Thursday, the first time the plane will carry out commercial flights between the two regions.

A total of 66 new stocks had been listed in Hong Kong by mid-to-late December, raising over HK$83 billion ($10.69 billion). The total financing value is expected to rank fourth globally, signaling a recovery in the Hong Kong Special Administrative Region Initial Public Offering (IPO) market, according to a report by yicai.com.

In recent years, Belt and Road cooperation has entered a new stage of high-quality development. There is no doubt that innovation has become one of the main features of the Belt and Road Initiative (BRI).

In 2024, the China-proposed Belt and Road Initiative (BRI) has entered a period of high-quality development at its 11th anniversary, which was partly boosted by China's innovation-driven strategy that results in productivity increase in BRI partner countries.

The Chinese Ministry of Commerce (MOFCOM) said on Thursday that EU brandy exporters have submitted price commitment applications and given the complexity of the case, at the request of the European side, the investigating authorities have decided to postpone the final ruling on the anti-dumping probe into brandy imported from the EU.

China's gross domestic product (GDP) in 2023 was revised to 129.4 trillion yuan ($17.73 trillion), up 3.37 trillion yuan, or 2.7 percent, from the preliminary figure, data from the National Bureau of Statistics (NBS) showed Thursday.

China's National Bureau of Statistics (NBS) said on Thursday that it has completed the fifth National Economic Census, with the data revealing notable progress in areas such as promoting high-quality development, constructing a new development paradigm, modernizing the economic system, deepening supply-side structural reforms, and advancing innovation-driven growth.

The Chinese side has restored the routine inspection and quarantine of the Australian lobsters at ports in according with law and regulations, China's commerce ministry (MOFCOM) spokesperson He Yongqian said at the regular press conference on Thursday, responding to media question regarding the recent announcement made by Australian government about China's lifting of restrictions on lobster imports from Australia.

China releases Communiqué on the fifth National Economic Census

The World Bank published its latest China Economic Update on Thursday, revising its forecast for China's 2024 economic growth upward to 4.9 percent, a 0.1 percentage point increase from its June prediction.

The National People's Congress (NPC), China's top legislative body, on Wednesday started to seek for public comments on seven draft laws, including a draft law on private sector promotion. The draft law was deliberated during the Standing Committee of the 14th NPC 13th session held from Saturday to Wednesday.

China released guidelines for optimizing and improving the management mechanism of local government special bonds, the Xinhua News Agency reported on Wednesday. The opinions, released by the General Office of the State Council, the cabinet, outlined 17 measures across seven areas, with the goal of leveraging the positive effectiveness of special bonds in strengthening infrastructure, addressing weaknesses, improving public welfare, and boosting investment, according to the report.

Several Chinese companies involved in fashion e-commerce, smartphone manufacturing and electronics are re-entering or expanding footprint the Indian market, according to multiple reports from Indian media. A Chinese expert noted that this reflects a positive development in bilateral economic and trade cooperation, urging India to offer fairer market treatment and a better business environment for Chinese enterprises.

The suggestion by the think tank Labour Together, as reported by The Guardian, for the UK to "de-risk" its supply chains and reduce reliance on China for critical minerals, is misguided. While the idea of diversifying supply sources might ostensibly be prudent at first glance, such a strategy risks destabilizing, rather than protecting, the supply chains it aims to safeguard.

As 2024 draws to a close, regions in China are implementing a range of initiatives designed to boost consumer spending in preparation for the upcoming New Year's Day and Spring Festival in 2025. These efforts encompass promotional activities and the distribution of vouchers for cultural events, tourism, cinema and dining experiences.

China releases guidelines of digital transformation of manufacturing enterprises to promote high-quality development Three departments in China have released guidelines for the digital transformation of manufacturing enterprises on Wednesday, in a bid to further drive the high-quality development of the sector.

Transport infrastructure has played a significant role in driving socio-economic progress of Southwest China's Xizang Autonomous Region, a Chinese expert said, on the occasion of the 70th anniversary of the Qinghai-Xizang and Sichuan-Xizang highways on Wednesday.

China's Ministry of Commerce (MOFCOM) announced on Wednesday the extension of the investigation period for the anti-dumping probe into imports of brandy originating in the EU until April 5, 2025, in view of the complexity of the case.

Chen Binhua, a spokesperson for the Taiwan Affairs Office of the State Council, said on Wednesday that with the Democratic Progressive Party (DPP) authorities totally siding with and catering to the US without limits, concerns [over United Microelectronics Corporation (UMC)'s being pressured to set up plants in the US] are by no means exaggerated or unfounded.

The Ministry of Housing and Urban-Rural Development held its yearly work conference from Tuesday to Wednesday in Beijing, outlining its major tasks for 2025 and vowing to take even greater efforts to stabilize China's real estate market.

Chinese lawmakers on Wednesday voted to adopt a law on value-added tax (VAT), a major progress in enforcing the principle of law-based taxation. The law, which was passed at a session of the Standing Committee of the National People's Congress (NPC), the national legislature, will take effect on January 1, 2026, the Xinhua News Agency reported.

The shifts in China's oil demand are not merely fluctuations in numbers. They profoundly reflect China's evolving role in the global energy sector, transitioning from a major oil consumer to a leader in energy transformation.

A sculptor carves a snow sculpture at a park in Urumqi, Northwest China's Xinjiang Uygur Autonomous Region on December 24, 2024, preparing for an integrated ice and snow-themed fair for tourists. In the first 10 months of 2024, Xinjiang received more than 270 million of tourists from home and abroad, up 14.42 percent year-on-year. Photo: VCG

China's private enterprises registered a sound performance in corporate social responsibility in 2023, the Xinhua News Agency reported on Tuesday, citing a report from the All-China Federation of Industry and Commerce.

The National Development and Reform Commission (NDRC), China's top economic planner, on Tuesday released a document aimed at deepening reforms in Yiwu, one of the country's key production and trade hubs, in East China's Zhejiang Province. The plan focuses on Yiwu's unique position in cross-border trade, supporting the city's approach to facilitating businesses' expansion overseas and the creation of an independent and controllable international marketing network.

China's semiconductor sector continued its robust growth on Tuesday, following recent positive momentum in the A-share market, with several domestic industry players hitting their daily trading limits.

Despite a complex international environment, foreign financial institutions have kept on increasing their investment in Chinese market in 2024, eyeing huge dividends brought about by the country's long-term development potential. At the critical moment for promoting high-quality economic growth, a series of important meetings and pro-growth policies set the direction for the reform and opening-up. This article is one of a series looking back at China's economic work this year and also sheds light on domestic consumption.

Several foreign automakers are pushing forward their projects and intensifying their year-end promotional activities in the vast Chinese market, aligning with national trade-in policies and accelerating their transition to electrification as they position themselves for opportunities here.

China will implement a more proactive fiscal policy in 2025, including raising the fiscal deficit-to-GDP ratio and issuing larger scale government bonds and prioritizing fiscal support in key areas such as expanding domestic demand, according to a national fiscal work conference that concluded on Tuesday, in a fresh signal of China stepping up efforts to boost economic growth next year.

China's international logistics network took another step forward with the launch of the first Chongqing-Vientiane cross-border rail and road freight service focusing on autos and motorbikes under the New International Land-Sea Trade Corridor on Tuesday, China Media Group (CMG) reported.

In response to media report suggesting that the Chinese government is considering resuming imports of Japanese seafood in the first half of 2025, and having apparently concluded that water samples from the sea near the Fukushima nuclear plant are safe, China's Foreign Ministry Spokesperson Mao Ning said on Tuesday that China's position in opposing Japan's discharge of Fukushima nuclear-contaminated water into the ocean remains unchanged.

The first phase of the Huaneng Nagu Photovoltaic Power Station, the world's highest-altitude solar power project, was officially linked to the state grid in the Deqen Tibetan Autonomous Prefecture, Southwest China's Yunnan Province, located at an altitude exceeding 5,240 meters, China Huaneng Group Co announced, as China Group Media (CMG) reported on Tuesday.

China's Ministry of Finance (MOF) held a two-day national financial work conference, unveiling plans to implement a more proactive fiscal policy in 2025. These plans include increasing the fiscal deficit-to-GDP ratio and issuing larger-scale government bonds, as outlined in an official MOF statement.

A made-in-China roadheader with an excavation diameter of 5.63 meters recently came off the production line in Changsha, Central China's Hunan Province. This equipment will be used in the construction of a mining roadway project in Zambia, marking the first time that a Chinese mining roadheader will be exported to Africa, according to a statement seen on the website of the State-owned Assets Supervision and Administration Commission of the State Council on Tuesday.

The Chinese government released a guideline on Monday aimed at accelerating the construction of a unified and open transportation market, calling to develop general aviation and the low-altitude economy and ensure that all types of businesses in this sector are treated equally under the law.

The Chinese Ministry of Commerce (MOFCOM) on Monday blasted the US' announcement of a so-called Section 301 investigation into the Chinese semiconductor industry, urging the US to stop the wrongdoing and vowing to firmly defend China's rights and interests.

Merger talks between Japanese carmakers Nissan and Honda reflect their "desperate" need to catch up with the fast-developing electric vehicle (EV) industry in China, their important overseas market, a senior Chinese industry insider said on Monday.

The consideration of tariff exemptions exposes that the high tariff policy in the US is counterproductive to boosting the domestic solar panel manufacturing industry. Maxeon's case shows that Chinese manufacturing is involved in almost every aspect of the global supply chain. It is unfeasible for the US to exclude Chinese manufacturing for political reasons.

Over the course of 2024, China's foreign trade development has maintained a good momentum, with overall quality and structure improvement and stable growth. The achievements have not come easily considering the current slowing global economic recovery, intensifying trade protectionism and intertwined geopolitical conflicts.

As Christmas approaches, a number of Chinese exporters are reporting significant order growth this year, with high-quality products helping to add a festive touch to the global holiday season. Yiwu, a key manufacturing hub in East China's Zhejiang Province, has seen robust sales as suppliers cater to rising demand worldwide.

China's new energy vehicle (NEV) industry is making significant progress in recent years, marked by rapidly growing exports to many countries all over the world. Despite increasing trade protectionism in North America and Europe, industry experts have confidence that China's NEV export momentum will sustain, with Global South countries emerging as a major market.

Domestic airlines are expanding their overseas services as China extends its visa-free policies to more countries, marking the policy a significant boost to both inbound and outbound travels.

A blue book on the development of the Guangdong-Hong Kong-Macao Greater Area (GBA) released on Monday indicates that the region's economic scale ranked top among global peers at the end of 2023, surpassing New York and San Francisco Bay areas, the China News Agency reported. China's GBA economic scale tops global bay economies by end of 2023: report

As 2024 draws to an end, multiple overseas financial institutions expressed confidence in China's capital market by expanding local deployment while maintaining a positive outlook for 2025.

In response to the US Congressional-Executive Commission on China (CECC) 2024 Annual Report, which claimed that the Chinese government has increasingly interfered in the affairs of Hong Kong and Macao Special Administrative Regions (SARs) in violation of the "One Country, Two Systems" principle, Mao Ning, a spokesperson for the Chinese Foreign Ministry stated on Monday that the CECC consistently attacks and smears China for political purposes and has no credibility at all.

Suzhou city, a major manufacturing hub based in East China's Jiangsu Province, denied online allegations that it had seen a significant withdrawal of foreign capital, the Suzhou municipal government said over the weekend.

The number of 5G mobile subscribers in China exceeded 1 billion at the end of November, official data showed on Monday.

China's National Development and Reform Commission (NDRC), the country's top economic planner, on Monday approved a regulation on the planning and management of the nation's coal mining areas, as part of broader efforts to enhance coal resource utilization and try to secure a reliable energy supply.

President-elect Donald Trump indicated on Sunday that he favored allowing TikTok to continue operating in the US for at least a little while, claiming that he had received billions of views on the social media platform during his presidential campaign, according to Reuters report.

China's cross-border e-commerce trade has rapidly emerged as a prominent advantage of the country's foreign trade landscape. Despite increasing challenges, such as geopolitical pressures, the integrated strength of China's cross-border e-commerce, digital economy and manufacturing is poised to continue to unleash the significant development potential of the sector.

The three-day 2024 World Intelligent Manufacturing Conference (WIMC) concluded in Nanjing, East China's Jiangsu Province on Sunday, drawing the participation of enterprises from nearly 10 countries and regions, with many showcasing their latest cutting-edge products and technologies at the show, the CNR reported on Sunday.

Vendors are busy stocking up on fruits at a wholesale market in Jinhua, East China's Zhejiang Province on December 22, 2024. With the New Year's Day and the Spring Festival holidays approaching, fruit sales have entered the pre-holiday peak season and fruit vendors are making preparations to meet holiday consumption demands. Photo: VCG

China has stepped up fiscal support for disaster prevention and mitigation and emergency management, with the general public budget expenditure on the effort increasing by 8.85 percent on average over the past five years, Chinese Finance Minister Lan Fo'an said in a report to the National People's Congress Standing Committee on Sunday, according to Xinhua.

The China-Nepal cross-border railway project will be a game changer in the trans-Himalayan region connecting not only Nepal and China but also China and South Asia as a whole, Leela Mani Paudyal, a former Nepali ambassador to China, told the Global Times in an exclusive interview.

The smooth lifting of a container from an ocean liner docked at Shanghai Port on Sunday marked a historic milestone: The port's 2024 container throughput surpassed 50 million 20-foot equivalent units (TEUs), making it the first in the world to achieve this record.

One of the latest places to launch a snow and ice-related festival or event, Shimian county in Southwest China's Sichuan Province will kick off a snow and ice tourism season combining hot spring tours on Monday, after many such events nationwide have already welcomed tourists.

The 1-million-kilowatt integrated concentrated solar-thermal power (CSP) and photovoltaic (PV) energy demonstration project in Hami, in Northwest China's Xinjiang Uygur Autonomous Region, has commenced power generation and connected to the State Grid, a spokesperson from the Northwest Electric Power Design Institute of China Power Engineering Consulting Group, the project's contractor, told the Global Times on Sunday.

A draft law aimed at promoting the private sector was submitted on Saturday to the Standing Committee of the 14th National People's Congress (NPCSC) for preliminary review. The proposed legislation seeks to address gaps in China's legal framework by establishing clear guidelines to support the growth and development of the private economy.

The 26th Harbin Ice and Snow World opened to tourists from the world at 10 a.m. on Saturday, attracting thousands of visitors who began queuing as early as 3 a.m. Tickets for the opening day sold out across multiple travel platforms, including the park's official website, highlighting the high anticipation for the ice and snow event.

People skate on the largest outdoor ice rink in Shanghai on December 20, 2024, amid the kick-off of a series of winter season consumption promotion events in the city. According to the latest industry report, the scale of the China's ice-and-snow economy is expected to reach 970 billion yuan ($133 billion) in 2024 and surpass 1 trillion yuan in 2025. Photo: Chen Xia/GT

South Korea's so-called possible anti-subsidy investigation into Chinese electric vehicles (EVs) does not stand a ground due to Chinese EVs' relatively small market share in the country, said a Chinese observer, noting that is more equate to a form of "gesture declaration" by the South Korean government under the sway of the trade protectionism of the US and the EU and their wrongdoings of politicizing economic matters.

The rapid development of artificial intelligence (AI) and large language models has attracted a growing number of young people to the emerging industry.

Despite a complex and grim international environment, foreign financial institutions continued to briskly increase their investment in China in 2024, eyeing huge dividends brought about by the country's long term stable growth. At the critical moment for promoting high-quality growth, top meetings and a series of policies set the direction for the reform and opening-up in the financial industry. This article is one of a series looking back at China's economic work this year and sheds light on materializing the vision of building a financial powerhouse.

Children waved national flags, their laughter filling the air as they posed for photos in front of the banners marking the 25th anniversary of Macao Special Administrative Region (SAR)'s return to the motherland at the iconic Ruins of St. Paul's. The streets were alive with celebration, lined with national and regional flags, while taxis proudly displayed dual flags, adding to the festive energy sweeping through the city.

The foreign trade volume of Northwest China's Xinjiang Uygur Autonomous Region hit 403.11 billion yuan ($55.23 billion) from January to November, 2024, an increase of 26 percent year-on-year, the fastest growth rate nationwide for the period, China Media Group (CMG) reported on Friday.

Over the course of 2024, despite rising uncertainties in the global economy, China has been steadfastly pursuing high-quality development and high-standard opening-up and implemented a series of landmark policies.

Chinese holdings of US Treasury bonds fell to $760.1 billion in October, according to data released by the US Department of the Treasury on Thursday (US time). It marked a fourth consecutive month that China's holdings of US Treasury bonds decreased, data showed.

The National Development and Reform Commission (NDRC), China's top economic planner, has unveiled a comprehensive service platform on Friday aimed at bolstering the private economy, according to a statement on NDRC's website. The move is an implementation of the spirit of the China Economic Work Conference and a guideline issued by Chinese authorities on boosting the growth of the private economy.

The home-made C919 aircraft has carried more than one million passenger trips since it was put into commercial operation on May 28, 2023, Chinese planemaker the Commercial Aircraft Corporation of China (COMAC), said on Thursday.

China's first centrally administered state-owned enterprise (SOE) specializing in data technology was officially established in Shanghai on Thursday. The company, tentatively translated as China Digital Logistics Information Co, is directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council, the Xinhua News Agency reported.

Northwest China's Xinjiang Uygur Autonomous Region grabbed the top spot in the country in terms of grain yield per unit area in 2024, marking a new breakthrough in the region's efforts to enhance grain production, the Xinhua News Agency reported. This achievements in raising grain yield in the Xinjiang region have not been easily attained. They are the result of a comprehensive and consistent interplay of policies, technology and other positive factors.

The Chinese yuan moved one position up to the fourth most active currency for global payments by value in November, with a share of 3.89 percent, according to a report from the Society for Worldwide Interbank Financial (SWIFT).

US and some other Western firms' reported request for the US to impose a staggering 920-percent duty on Chinese graphite is reckless, as the move, targeting another globally leading Chinese industry, could potentially inflict huge damage on the US' electric vehicle (EV) sector and its consumers, an industry analyst said on Thursday.

This year is deemed pivotal for high-quality development of China-proposed Belt and Road Initiative (BRI), which has just celebrated its 11th anniversary. What are the major advancements BRI has made despite rising volatility in the world? And what role has the initiative played in facilitating regional growth and strengthening the global economy? As 2024 draws to a close, the Global Times is publishing a series of articles scoping the journey of BRI throughout the year. This is the second installment of the series.

A sea-launched version of Ceres I (Remote 4) solid propellent rocket blasted off in East China's Shandong Province at 6:18 pm on Tuesday, sending four satellites into low-Earth orbit (LEO) at an altitude of 850 kilometers.

The draft law on private sector promotion will be submitted for preliminary reading. Key measures, including ensuring fair competition and protecting enterprises' rights and interests, will be codified into legal norms, a national legislation body said on Thursday.

China's public companies listed at its A-share market have significantly increased their dividend payouts in 2024, with 481 companies listed at the Shanghai bourse pledging to pay their share-holders the mid-year dividends to date, which marks a sharp rise of 354 percent from last year, the Shanghai Stock Exchange said on Thursday.

China has launched its first hydrogen-powered container ship, capable of carrying 64 standard containers, in Jiaxing, East China's Zhejiang Province, marking a significant step in adopting green shipping solutions, China Media Group reported on Thursday.

China is likely to surpass North America and Europe to become the largest aviation services market in the world by 2043, with its market size almost tripling from $23 billion in 2024 to reach $61 billion in 2043, a forecast by Airbus said on Thursday.

China welcomes more foreign friends to come to invest in the country, share China's growth opportunities and development dividends, Chinese Foreign Ministry Spokesperson Lin Jian said on Thursday.

Cooperation between China and the UK is based on mutual interests and aligns with the expectations of the business community, said Chinese Foreign Ministry spokesperson Lin Jian on Thursday in response to a Bloomberg reporter's query about reports that the UK is considering plans to enhance trade ties with China.

China opposed the US' overstretching of the concept of national security and the adoption of discriminatory practices against enterprises from specific countries, said Lin Jian, spokesperson from China's Foreign Ministry, on Thursday, noting that China will take resolute measures to firmly safeguard the legitimate and lawful rights and interests of Chinese enterprises.

China has always advocated solving trade frictions through dialogue and consultation, and has made the best efforts on the consultations of price commitment with the EU regarding the latter's anti-subsidy probe into China-made electric vehicles (EVs), He Yongqian, a spokesperson with Chinese Commerce Ministry said on Thursday, in response to a question regarding the progress on China-EU consultations on the price commitment.

The China Animal Agriculture Association (CAAA) has prepared related materials and submitted an application to relevant authorities, hoping to use “WTO rules” to help address the beef industry's temporary difficulties amid significant challenges in domestic operations and surging beef imports, the Global Times learned from an industry source on Thursday.

The first phase of the 1-million kilowatt photovoltaic project at China General Nuclear Power Group (CGN) clean energy base in northern Laos officially commenced on Wednesday, the Global Times learned from CGN on Thursday.

Economic and trade relations between the Chinese mainland and Macao Special Administrative Region (SAR) are growing stronger, the Ministry of Commerce (MOFCOM) said on Thursday just before the 25th anniversary of Macao's return to the motherland.

China deplores and firmly opposes the EU adding Chinese entities and individuals for the first time on the "fully-fledged listings" in its 15th sanctions package against Russia, the Chinese Commerce Ministry said on Thursday in response to a question regarding the matter.