Expert Assessment
China's "engineer dividend" is yielding rewards. Will the country affect the tech industry in the same way that it influenced the clothing and houseware sectors? This query was raised in a recent Bloomberg article. As China progresses in artificial intelligence (AI), humanoid robots and similar fields, the spotlight has turned to the underlying factors contributing to this surge, with some calling it China's "engineer dividend."
By Hu Weijia | 2025/3/27 0:10:53
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  • India should heed domestic calls for relaxing Chinese FDI restrictions

    A recent article in the Indian Express, headlined "US tariffs looming, India looks at easing non-trade barriers, relaxing Chinese FDI," highlighted that "on the investment front, there are indications the Indian side is now open to allowing inflows from Beijing." It is hoped that India will heed such calls to relax Chinese FDI restrictions and won't miss out on valuable opportunities.

    By Wang Yi | 2025/3/25 22:04:18
  • Interaction between Apple and Chinese developers shows essence of mutually beneficial co-op

    In the fast-paced world of technology, Apple has announced an online seminar designed specifically for Chinese developers, highlighting the tech giant's acknowledgment of this group's significance. Scheduled for Tuesday, the seminar will be presented in Chinese and include a question-and-answer session with Apple's experts. This move demonstrates Apple's efforts to enhance communication and interaction with the Chinese developer community.

    By Hu Weijia | 2025/3/24 23:51:42
  • US tariff policy uncertainty casts shadow over global economic outlook

    During Wednesday's press conference, US Federal Reserve (Fed) Chair Jerome Powell's repeated mention of "uncertainty" once again brought the US government's tariff policies into the spotlight on the global economic stage. It seems that the US economy is caught in an unprecedented vortex of uncertainty due to these tariff policies, and this vortex is rapidly expanding outward, sweeping across the globe and triggering strong attention and concern from countries around the world regarding the ongoing trade tensions and the unpredictable landscape that lies ahead.

    By Wang Jiamei | 2025/3/21 0:07:16
  • Improved consumer confidence signals growth momentum in China's economy

    In a positive development for the Chinese economy, a recent survey conducted by Deutsche Bank has revealed an improvement in consumer sentiment among Chinese households. This increase in confidence comes at a crucial time as China has prioritized expanding domestic demand to achieve the GDP growth target of about 5 percent for 2025, despite facing multiple challenges.

    By Wang Yi | 2025/3/19 23:23:47
  • Can setbacks in EU battery manufacturing be addressed merely with more funding?

    As the bankruptcy of Northvolt marks a major setback for Europe in the electric vehicle (EV) battery industry, it is understandable that European officials are seeking to provide more funding support for the company. However, it's unpredictable whether funding alone can help the company surmount its challenges.

    By Wang Yi | 2025/3/18 22:22:39
  • Building 'quality homes' initiative to transform industry landscape

    Like last December's Central Economic Work Conference, the Government Work Report unveiled at the two sessions recently reiterates the importance of "making continued efforts to stem the downturn and restore stability in the real estate market." While the overall tone remains consistent, new implications are introduced.

    By Yan Yuejin | 2025/3/14 21:27:19
  • Strong policy support will bolster real estate market stabilization in 2025

    In this year's Government Work Report delivered and approved during the two sessions, China underscored its commitment to ensuring stability in the real estate market, as highlighted in the section on Overall Requirements and Policy Orientations for Economic and Social Development in 2025. The choice of wording reflects the country's strong emphasis on the importance of the real estate sector.

    By Lian Ping | 2025/3/14 21:21:07
  • Sales growth in China of SK chip firms demonstrates resilience of trade

    Capitalizing on China's trade-in program, Samsung Electronics and SK Hynix witnessed a boost in their sales in China last year, according to the Yonhap News Agency. This increase was not just a reflection of the resilience and profitability of the Chinese market despite Washington's stringent measures against China's burgeoning semiconductor sector - it also illuminates the potential for deeper collaboration between these two Asian countries.

    By Hu Weijia | 2025/3/13 23:27:49
  • Growing collaboration expands complementarity between vehicle sectors in China, EU

    In October last year, the EU announced the imposition of anti-subsidy tariffs on Chinese-made battery electric vehicles (EVs), a move that was widely interpreted as an attempt to shield its domestic EV industry from the competitive pressures exerted by Chinese manufacturers. Despite this development, European carmakers have not lost their enthusiasm for strengthening collaboration with Chinese enterprises. This offers a fresh perspective showing that the dynamics of international trade and cooperation are far more resilient than simple protectionist measures might imply.

    By Hu Weijia | 2025/3/13 0:19:13
  • US attempt to suppress Chinese battery industry to erode its own competitiveness

    Some US politicians seem to never tire of using "national security" as an excuse to unjustifiably suppress Chinese products, even though this self-defeating approach not only stands little chance of achieving its intended goals but risks undermining the US' own competitiveness in the global market.

    By Wang Jiamei | 2025/3/11 22:39:42
  • China-South Korea vehicle collaboration could amplify 'Asian opportunity'

    How to seize the "Asian opportunity" in the auto industry? There is a need to accelerate the transition to electric vehicles (EVs) to meet demand, as statistics indicate that the EV market in the Asian auto sector is growing rapidly.

    By Hu Weijia | 2025/3/10 23:25:00
  • Enhanced regulations set to propel China's AI boom in global race

    China's proactive approach to enhancing its legal framework for AI balances the need to foster innovation with the necessity of tackling emerging challenges. These strategic moves not only ensure sustainable growth in this vital sector but also position China as a significant player in the global AI governance.

    By Wang Yi | 2025/3/9 23:58:09
  • EU seeks to bolster its EV sector, but protectionism is not the answer

    The EU is doubling down on efforts to bolster its electric vehicle (EV) industry. On Wednesday, the European Commission (EC) announced a plan to make available 1.8 billion euros ($1.94 billion) to create "a secure and competitive" supply chain for battery raw materials.

    By Wang Yi | 2025/3/6 23:03:09
  • South Korean battery expo shows potential for cooperation with China

    The advancement of technology has spurred the growth of China's battery industry, which not only provides high-performance, high-quality battery products to both domestic and international markets but also significantly contributes to the global energy transition and the development of a green, low-carbon economy.

    By Hu Weijia | 2025/3/5 23:35:40
  • Innovation, investor optimism highlight China's tech resilience despite US crackdown

    The positive view among investors reflects optimism about China's technological innovation, even amid the US government's ongoing tech crackdown and protectionist tariff threats, highlighting the resilience of China's tech development.

    By Wang Yi | 2025/3/4 23:45:35
  • Buffett's comments reveal US tariffs' negative impact on its own economy

    Well-known US investor Warren Buffett made a rare comment on tariffs, suggesting they could trigger inflation and hurt consumers, CNBC reported on Sunday, summarizing Buffett's interview with CBS News for a new documentary. This once again drew public attention to the negative economic effects of US' tariffs.

    By Hu Weijia | 2025/3/3 23:42:52
  • Rise in US steel prices reveals potential side effects of Washington's tariffs

    Will American metal producers capitalize on domestic shortages to hike prices and make a quick profit? If the answer is affirmative, it would be somewhat ironic, suggesting that the threat of tariffs has morphed into an opportunity for US steel and aluminum companies to profit at the expense of passing on increased costs to the broader manufacturing sector and consumers.

    By Hu Weijia | 2025/3/3 0:08:51
  • Nvidia's financial performance offers glimpse into negative effects of US chip export controls

    How effective are the escalating US chip export controls against China? It's worth listening to the industry's perspective. Nvidia CEO Jensen Huang is unsure if export controls against China are effective national security measures for the US amid the artificial intelligence (AI) race, but they've certainly hurt the chipmaker's business abroad, as Business Insider reported while summarizing Huang's latest interview on CNBC.

    By Hu Weijia | 2025/2/27 23:40:11
  • What drives Chinese investment in Vietnam? Mutual benefit, not Washington's tariffs

    In recent times, the narrative surrounding China's investment in Vietnam has been somewhat misconstrued by some Western media outlets, with a notable example being a recent article by the Financial Times, which posits that a surge in Chinese investment into Vietnam could potentially provoke retaliatory measures from Washington. This perspective, while attention-grabbing, fails to grasp the essence of China-Vietnam investment.

    By Hu Weijia | 2025/2/26 23:36:40
  • Tech innovation surge in mainland injects vitality into HK stock market

    Many Chinese firms are setting their sights on launching IPOs in the Hong Kong Special Administrative Region, "riding on the stock market impetus provided by artificial intelligence (AI) start-up DeepSeek," the South China Morning Post reported on Tuesday. This trend underscores a broader narrative: the current surge in technological innovation within the Chinese mainland could inject new vitality into Hong Kong's stock market.

    By Hu Weijia | 2025/2/25 23:16:42
  • How do China's TV brands win global fans amid wave of trade protectionism?

    The combined shipments of Chinese TV brands TCL, Hisense and Xiaomi accounted for 31.3 percent of the global market, surpassing South Korea's Samsung Electronics and LG Electronics for the first time, which held a 28.4 percent share, the Yonhap News Agency reported on Sunday, citing the latest statistics from market research firm Omdia.

    By Hu Weijia | 2025/2/23 22:34:50
  • Rising 'little giants' showcasing China's private sector vitality

    ​In recent years, the "little giants" in China - small and medium-sized enterprises (SMEs) that boast cutting-edge technologies and specialize in niche sectors - have shown strong growth momentum.

    By Cao Heping | 2025/2/21 21:53:46
  • Proactive policies to drive stronger economic development in 2025

    In 2025, China's economy will continue to overcome several challenges, notably the uncertainties in the external environment. Nevertheless, the current foundation of the Chinese economy remains strong, characterized by numerous advantages, robust resilience, and significant potential.

    By Yu Ze | 2025/2/21 21:47:01
  • What economic potential does China's new wave of technological innovation hold?

    From artificial intelligence (AI) and 5G to humanoid robots, China's latest wave of technological innovation is capturing global attention. How much do you know about this?

    By Hu Weijia | 2025/2/20 23:29:13
  • Innovative training 'schools' offer glimpse into China's humanoid robot industry

    In recent years, China has made substantial progress in the field of humanoid robots. For these robots to achieve commercial success and truly empower a wide range of industries, it is necessary to train and optimize algorithms through a vast amount of high-quality data. Improving efficiency and reducing costs are of great importance to the development of the entire industry during this "training" phase.

    By Hu Weijia | 2025/2/19 23:06:11
  • India's push for EV industry devt faces uncertainty, even with Tesla's potential entry

    The news of Tesla's recruitment in India came after the company experienced its first annual decline in EV sales in over a decade. However, despite the market potential in India, Tesla's cooperation prospects in the South Asian country remain clouded by multiple challenges, including a relatively weak manufacturing base, protectionist tendencies, and a less stable investment environment for foreign enterprises.

    By Wang Yi | 2025/2/18 22:58:04
  • Accelerated construction of new-energy bases in deserts fuels coordinated regional devt

    The rapid development of large-scale wind and photovoltaic power facilities in these challenging environments is a critical strategic move for China as it seeks to promote a clean and low-carbon transformation of its energy sector. The country's strong commitment and significant progress in this vital energy transition and ecological governance project underscore its significance and potential.

    By Wang Yi | 2025/2/17 23:13:39
  • China starts new year on a high note, with rising investment in high-tech innovation inspired by DeepSeek, other stars

    As the new year unfolds, emerging Chinese tech startups like DeepSeek are making waves, and the excitement surrounding the startups continues to build.

    By Pan Helin | 2025/2/16 20:09:09
  • Skepticism about China's commitment to green transition misplaced

    Skepticism regarding China's green transition and its efforts to reduce carbon emissions is misplaced. The report focused primarily on the newly added coal power capacity in the context of short-term fluctuations driven by economic activity, and failed to capture the broader scope of China's massive energy transition.

    By Wang Yi | 2025/2/13 23:01:31
  • Granting fair treatment to Chinese firms benefits Indian economy amid global uncertainty

    India's Chief Economic Adviser V. Anantha Nageswaran indicated on Tuesday that the country is not expected to lift a ban on Chinese investment into the country soon, according to Reuters. This remark is disappointing and regrettable, especially considering that diversifying investment inflows could help India navigate the complex situation and global economic uncertainties.

    By Hu Weijia | 2025/2/12 23:50:28
  • Industrial chain co-op with China could help boost SK's battery manufacturing

    The long-standing cooperation between the Chinese and South Korean battery industries has proven mutually beneficial. The complementarity of both countries facilitates a stable supply chain by enhancing industrial collaboration.

    By Hu Weijia | 2025/2/12 0:04:22
  • Chinese firms' performance reflects resilience in the face of US tariff uncertainty

    As China's economy transitions and upgrades toward higher-quality development, technological innovation has brought significant growth opportunities to sectors such as high-tech industries and high-end manufacturing. The profits and performance outlook of related enterprises continue to improve, leading to higher market forecasts.

    By Hu Weijia | 2025/2/10 23:36:30
  • Reviving NE China could be new impetus for cooperation with South Korea

    The Northeast region of China, the country's traditional industrial base, has been rapidly advancing the establishment of a modern industrial system that leverages its unique advantages. The continuous development of the manufacturing sector has injected new momentum into China-South Korea cooperation.

    By Hu Weijia | 2025/2/9 22:42:40
  • Why will it be difficult for India to gain from US-China trade tensions?

    While India hopes to leverage the opportunities presented by US-China trade friction to enhance its economic position, the reality is that trade friction has posed more challenges for India in its economic cooperation with the US.

    By Wang Yi | 2025/2/6 22:45:37
  • Generic drugs offer glimpse into how US tariffs will hurt its consumers

    US President Donald Trump's executive order imposing a 10 percent tariff on Chinese imports is likely to drive up the cost of generic drugs in the US and exacerbate drug shortages, US media outlet NBC News reported on Tuesday, citing experts. This assessment, along with other warnings that additional tariffs could lead to higher prices for essential goods within the US, should be taken seriously by Washington.

    By Hu Weijia | 2025/2/5 23:27:40
  • HK tech stocks provide a glimpse into mainland's technological progress

    The Hong Kong stock market advanced on Tuesday, with the benchmark Hang Seng Index rising 2.83 percent to close at 20,789.96 points. Overall, technology stocks have done well. The Hang Seng TECH Index jumped 5.06 percent.

    By Hu Weijia | 2025/2/4 23:16:14
  • Growing confidence in China's economic prospects for 2025: economist Yu Yongding

    In 2025, China is expected to introduce specific plans to implement more proactive fiscal policies and moderately loose monetary policies, as well as strengthen unconventional counter-cyclical adjustments. Additionally, measures to further deepen reform comprehensively and expand high-standard opening-up will be formulated. We have reason to be confident about the prospects of the Chinese economy.

    By Yu Yongding | 2025/1/26 19:52:23
  • Enhancing cross-border crackdown on telecom fraud conducive to regional tourism

    If China and ASEAN countries can continue to work together to combat telecom fraud, it can lead to better results, addressing the root causes and hidden dangers of the problem. It is believed that the improved legal order and regulatory environment will bring brighter prospects for the tourism sector in ASEAN countries amid deepening regional economic integration.

    By Wang Yi | 2025/1/23 23:35:50
  • New tariffs would be counterproductive to US efforts in addressing cost-of-living crisis

    Although US inflation has eased, the economy does not seem to have fully recovered from the lingering effects of the cost-of-living crisis. In this context, some economists have recently warned that additional tariffs on imported goods could harm US consumers. Would this undermine the country's efforts to address the cost-of-living crisis?

    By Hu Weijia | 2025/1/22 23:31:22
  • New Gwadar International Airport exemplifies enhancing connectivity amid CPEC co-op

    The New Gwadar International Airport is regarded as a pivotal infrastructure project and a milestone that makes the Gwadar Port a regional nexus of connectivity. Officially commencing operations on Monday, the airport is anticipated to significantly contribute to Pakistan's economic development and bolster regional economic integration, especially amid the ongoing enhancements to the China-Pakistan Economic Corridor (CPEC) and Belt and Road Initiative (BRI) cooperation.

    By Hu Weijia | 2025/1/21 22:38:03
  • Expanding investment cooperation requires more stable approach by EU

    The recent appeal from the chairman of the board of management of Mercedes-Benz reflects the aspirations of the wider European business community. European politicians, who may be entrenched in a zero-sum mindset, need to take a step back and objectively evaluate insights from the business sector regarding collaboration with China.

    By Wang Yi | 2025/1/20 23:34:30
  • 2025 Spring Festival travel rush opens new window to observe progress of the C919

    This year, 16 C919 aircraft are participating in China's Spring Festival travel rush, according to a report by CCTV, representing a significant increase compared with the previous year. The involvement of these domestically produced aircraft in this major event highlights the country's progress in science and industry, serving as a testament to years of dedicated research and innovation.

    By Hu Weijia | 2025/1/20 0:09:56
  • China-SK expanded services trade co-op to inject vitality to region amid geopolitical challenges

    As geopolitical factors and protectionism pose significant challenges to global and Asian free trade cooperation, enhancing FTA cooperation between China and South Korea in the services and investment sectors could inject new vitality into bilateral trade and the regional economy.

    By Wang Yi | 2025/1/16 23:45:31
  • China market advantage increases in uncertain international chip landscape

    As the chip market grapples with increasing uncertainty, Washington's interference and disruption are likely to impose greater challenges on semiconductor companies. In times of such unpredictability, the need to maintain a firm grip on the market becomes even more critical. China, as the world's largest semiconductor market, holds undeniable significance for global chipmakers.

    By Hu Weijia | 2025/1/15 23:23:51
  • Foreign media predictions of Vietnam replacing China as world's factory miss big picture

    In recent years, certain Western media outlets have raised the question of whether Vietnam will replace China as the "world's factory." The answer to this zero-sum perspective is a resounding no. In reality, the Asian industrial landscape is moving in the direction of expanding cooperation and integration.

    By Hu Weijia | 2025/1/14 23:05:23
  • EU competitiveness woes call for pragmatic digital cooperation with China

    The EU's report on future competitiveness serves as a timely warning for the bloc, while also exposing misconceptions regarding economic and trade cooperation with China. These misconceptions are among the factors that hinder the EU's efforts to improve its business attractiveness, foster growth in digital sectors and improve sustainable economic competitiveness.

    By Wang Yi | 2025/1/13 23:11:59
  • TSMC's Arizona plant poses risk of disrupting industry supply chain

    Taiwan Semiconductor Manufacturing Co (TSMC) has begun producing advanced 4-nanometer chips for US customers in Arizona, Reuters reported on Friday. While the move was hailed by Reuters as "a milestone in the Biden administration's semiconductor efforts," the ramifications for the semiconductor industry on the Taiwan island are more complex, with overwhelmingly unfavorable consequences taking center stage.

    By Hu Weijia | 2025/1/12 23:35:26
  • China's economy defies external biases with tangible gains

    While acknowledging Nobel economist Daron Acemoglu's innovative contributions to institutional economics, Zhang Xiaojing, director of the Institute of Finance and Banking at the Chinese Academy of Social Sciences, noted that applying general theories to specific countries or systems without considering their unique national contexts can lead to errors and biases, as there is no one-size-fits-all approach. China's economy continues to defy external biases with tangible gains.

    By Zhao Juecheng and Ma Tong | 2025/1/10 22:37:45
  • China boasts capabilities to keep yuan basically stable at adaptive and balanced level

    At the beginning of 2025, #China's central bank signals a commitment to leveraging a mix of monetary policy tools to maintain yuan stable at adaptive and balanced level. China has the fundamentals, conditions, and capabilities to achieve the goal despite increasing external volatility.

    By Guan Tao | 2025/1/9 23:28:29
  • Growing gold reserves highlight China's resilience against external risks

    In the face of increasing uncertainty in the global economic and financial landscape, China's foreign exchange and gold reserves, as well as the performance of the yuan, have attracted wide attention in international markets. While Western media outlets often focus on speculative opinions and deliberate pessimism, the reality is that key indicators remain stable, reflecting China's economic stability and resilience against external risks.

    By Wang Yi | 2025/1/8 23:03:28
  • Irreplaceable importance of Chinese market puts spotlight on China-S.Korea trade

    Although the gap between South Korea's exports to China and those to the US is narrowing, the economic ties between China and South Korea are undeniably crucial, forming a relationship that cannot be easily substituted by any of South Korea's other bilateral partnerships.

    By Hu Weijia | 2025/1/7 22:57:48
  • Can Japan's telecom technology thrive in US amid latter's growing tide of protectionism?

    Japan is set to start a government-backed effort to promote light-based telecommunications technology to US tech giants, Nikkei Asia reported on Monday. However, if the report proves accurate, this ambitious effort may confront a range of challenges, even with Japan's technological advantages in the field.

    By Hu Weijia | 2025/1/6 23:19:19
  • Devt of India's high-tech sector needs to embrace Asian industrial chain cooperation

    Sullivan's visit to New Delhi to review the iCET has once again drawn attention to India's ambitions to enhance its high-tech sector. While the iCET presents opportunities, it also highlights some of the challenges facing India's manufacturing sector and high-tech ambitions.

    By Wang Yi | 2025/1/5 23:16:06
  • US dollar uncertainty prompts economies to heighten vigilance against spillover risks

    The continued strength of the US dollar presents particular risks for certain emerging economies already grappling with external and fiscal imbalances. Countries with large current account and fiscal deficits, coupled with low foreign exchange reserves, are especially exposed to the negative consequences of a stronger dollar.

    By Hu Weijia | 2025/1/2 23:24:27
  • US Manhattan Project-style AI plan exposes its urge to maintain tech dominance

    The USCC's proposed Manhattan Project-style AI initiative underscores the US' push to maintain its edge over China in AI. While its prospects remain unclear, it highlights the need for other countries to prioritize tech innovation as a key driver of national development.

    By Zhu Shuai | 2024/12/30 22:12:19
  • Strong cotton output in Xinjiang highlights local resilience amid discriminatory trade

    Cotton output in Northwest China's Xinjiang Uygur Autonomous Region reached nearly 5.69 million tons in 2024, up 574,000 tons over the previous year, according to the National Bureau of Statistics. The autonomous region contributed 92.2 percent of the country's total cotton output this year, setting a new record, according to the Xinhua News Agency.

    By Wang Yi | 2024/12/29 22:30:21
  • Industrial complementarity key for China-US clean energy cooperation

    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.

    By Jia Weilie | 2024/12/27 22:23:41
  • New legislation set to boost devt of nation's private enterprises

    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.

    By Cui Chuangang | 2024/12/27 22:14:23
  • Potential interest rate cuts in 2025 a positive factor for SK and Asia's supply chains

    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.

    By Hu Weijia | 2024/12/26 22:57:55
  • 'De-risking' from China is the real threat to global critical mineral supply chains

    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.

    By Hu Weijia | 2024/12/25 23:32:09
  • Oil demand shift shows China's green push driving economic progress

    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.

    By Wang Yi | 2024/12/24 23:06:38
  • US dilemma on PV tariffs reveals Chinese manufacturing's integral role in global supply chain

    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.

    By Wang Yi | 2024/12/23 22:47:21
  • China's cross-border e-commerce well positioned for growth amid challenges

    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.

    By Wang Yi | 2024/12/22 22:35:06
  • Xinjiang's grain output breakthrough highlights modernization progress

    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.

    By Wang Yi | 2024/12/19 23:34:05
  • China's strengthening marine capacity contributes to global trade, devt

    In its efforts to build into a strong maritime country, China is solidifying its leading position in global shipping and trade capacity. Initiatives such as the Belt and Road Initiative (BRI), along with the promotion of green shipping, are strengthening China's maritime capabilities and making positive contributions to global trade and development. These efforts enhance the efficiency of global supply chains, reduce logistics costs and offer substantial benefits to developing countries.

    By Wang Yi | 2024/12/18 22:33:23
  • Lingering EU energy concerns require pragmatic cooperation over protectionism

    Standing at a critical juncture in its mission to meet energy demand and fuel economic growth, Europe needs to accelerate the energy transition and strengthen energy cooperation. While it would be beneficial for the EU to expand cooperation with China, an important trading partner, in order to achieve these multiple goals, the EU needs to shun the protectionist mindset and embrace pragmatic cooperation with an open attitude.

    By Wang Yi | 2024/12/17 23:04:05
  • More proactive approach will unleash positive potential of China's economy

    Based on changes in both internal and external circumstances, the Central Economic Work Conference has made it clear that next year China will adhere to the principle of pursuing progress while ensuring stability, promoting stability through progress, and implementing a more proactive fiscal policy along with a moderately loose monetary policy, aiming to create a combination of pro-growth policy.

    By Dong Shaopeng | 2024/12/17 15:31:50
  • Chinese crane manufacturers' advantage helps global ports against protectionism

    Despite short-term fluctuation, a profound transformation within the Chinese economy has the potential to bring vast opportunities for enhanced economic and trade cooperation between China and Australia.

    By Hu Weijia | 2024/12/16 23:38:50
  • Expansion of CPTPP to include China after UK will boost global free trade

    As global free trade encounters various challenges, the expansion of the CPTPP becomes increasingly vital. After the UK officially joins, the further expansion of CPTPP to include China will be beneficial to global free trade.

    By Wang Yi | 2024/12/15 23:34:09
  • Unfounded 'China threat' narrative hinders steel industry development

    It's somewhat ironic that Nippon Steel, while criticizing the "inappropriate" influence of politics on its proposed takeover of US Steel - especially following reports that Washington might block the deal - simultaneously exploits the political narrative of a "China threat" to bolster its case. If Nippon Steel truly wants to eliminate "inappropriate" political influence, it should stop using the unfounded "China threat" as a bargaining chip. It should be noted that the growth of China's steel industry has never posed a "threat" to other nations, but rather reflects broader global market trends and industrial development.

    By Hu Weijia | 2024/12/13 0:39:59
  • BRI cooperation to inject new impetus into Nepal's economy and regional trade

    During Nepalese Prime Minister Khadga Prasad Sharma Oli's visit to China from Monday to Thursday, he reaffirmed Nepal's commitment to actively engaging in the Belt and Road Initiative (BRI). In May 2017, China and Nepal signed a Memorandum of Understanding (MoU) on bilateral cooperation under the framework of the BRI. Seven years on, cooperation through the BRI has deepened, further boosting bilateral economic growth. This strengthened cooperation is set to inject fresh momentum into the development of a multi-dimensional connectivity network across the Himalayas, with the potential to profoundly reshape trade networks throughout Asia.

    By Hu Weijia | 2024/12/5 23:55:26
  • Projects funded by US should aim for sustainable devt, not zero-sum competition

    US President Joe Biden is visiting Angola this week, showcasing the Lobito Corridor project, which is reportedly a multi-billion US dollar investment aimed at building a railway connecting the Angolan port of Lobito to the city of Kolwezi in the Democratic Republic of the Congo, attracting attention from Western media. Some outlets see the project as a tool of geopolitical competition, with VOA highlighting it as a part of the US strategy to counter China's influence in global development. However, the project's future remains uncertain.

    By Hu Weijia | 2024/12/5 0:05:24
  • China possesses distinct advantages in humanoid robot sector despite external curbs

    In recent trading sessions, stocks related to humanoid robots in China's A-share market have seen a significant surge, attracting the attention of investors. This upward momentum reflects the increasing confidence in the future potential of China's humanoid robotics sector.

    By Hu Weijia | 2024/12/3 22:04:46
  • Deep-sea mining necessitates joint efforts to ensure sustainable development

    Deep-sea mining controversy necessitates joint international efforts to ensure sustainable development. Only by doing so can demands for resources be balanced with ecological protection and achieve long-term sustainable development of the sector.

    By Wang Yi | 2024/12/2 23:30:16
  • China's economy remains stable with new factors driving positive trajectory

    Various indicators in the first three quarters of this year show that China's economic performance has remained stable, with several new factors contributing to a positive trajectory. The economy is expected to maintain momentum in the fourth quarter.

    By Wang Xifeng | 2024/12/1 22:35:00
  • Despite protectionism, room remains to strengthen China-SK industrial chain co-op

    China-South Korea industrial cooperation has long been an important part of the Asian industrial network, consistently drawing attention. According to Korean news agency Yonhap, officials from both countries gathered on Thursday in Yancheng, East China's Jiangsu Province, to discuss strategies aimed at ensuring the stability of their supply chains.

    By Hu Weijia | 2024/11/28 23:38:00
  • US domestic subsidies and curbs on foreign chips disrupt global industrial chain

    The US Commerce Department announced Tuesday that it is finalizing a $7.86 billion government subsidy for Intel, down from the proposed $8.5 billion in March after the California-based chips maker won a separate $3 billion award from the Pentagon, Reuters reported. While the funding is significant, it remains unclear whether it will be sufficient to help Intel overcome its challenges.

    By Hu Weijia | 2024/11/27 22:53:23
  • China-Saudi Arabia investment cooperation strengthening amid global uncertainties

    Economic and trade relations between China and the Middle East are built on a solid foundation and have evolved significantly over time. Recently, these economic exchanges and cooperative efforts have strengthened, reflecting a mutual commitment to growth. This interest and effort from both sides foster a dynamic partnership that benefits both sides.

    By Hu Weijia | 2024/11/26 22:21:06
  • Western relocation industry schemes clash with economic principles, stifling growth

    For some Western powers, critical minerals have turned into a strategic battleground. In response, these nations are forming alliances centered around these minerals, pressuring their allies to join exclusive blocs. This emerging trend threatens to disrupt global supply chains and poses a significant challenge to globalization.

    By Hu Weijia | 2024/11/25 23:28:35
  • South Korea needs to do away with bottlenecks to strengthen SMEs

    Amid the rapid evolution in the global digital landscape and its associated industrial and supply chains, South Korea, an export-oriented economy, is increasingly supporting SMEs to drive growth, create jobs, and foster innovation. The country has stepped up efforts to activate the vitality of SMEs, integrating competitive industries, reforming institutions, supporting growth, and cultivating leading enterprises.

    By Da Zhigang | 2024/11/25 16:41:33
  • Media hype over 'reducing reliance' undermines development of Europe's EV industry

    Northvolt, the Swedish manufacturer of battery cells for electric vehicles (EVs), has filed for Chapter 11 bankruptcy protection in the US, according to Reuters. The report highlights the swift downfall of Northvolt, which, in a matter of months, went from being hailed as Europe's best shot at a homegrown EV battery champion to a company struggling to stay afloat.

    By Hu Weijia | 2024/11/24 23:35:50
  • Trade protectionism is not the solution to revitalizing US manufacturing

    The US views manufacturing as a crucial driver of economic growth and innovation. Over the past decade, the federal government has implemented various plans and strategies aimed at supporting the sector's development. However, one key factor essential to revitalizing the US manufacturing industry - industrial automation - seems to have been overlooked.

    By Hu Weijia | 2024/11/21 23:26:49
  • Oversubscription of $2 billion bonds in Saudi Arabia reflects appeal of Chinese economy

    The successful issuance and oversubscription of the bonds not only demonstrate the openness and vitality of China's financial sector but also reflect the strong appeal of the Chinese economy and the international investors' positive outlook on China.

    By Wang Yi | 2024/11/21 14:26:27
  • Canada's concerns about Mexico's trade with China stem from protectionism, bias

    Canada, following the lead of the US, said in August it would impose a 100 percent tariff on imports of Chinese electric vehicles (EVs). Mexico does not have a similar tariff. It should be noted that the ongoing pragmatic economic and trade cooperation between China and Mexico is a normal commercial activity conducted by enterprises from both countries, based on international rules and market principles, and no third party has the right to interfere.

    By Hu Weijia | 2024/11/20 22:34:15
  • China is demonstrating support for shared prosperity and sustainable development for the world economy: Jeffrey Sachs

    The key issue of development is to boost critical investments in the low-income countries and lower-middle-income countries. China is demonstrating its support for shared prosperity and sustainable development. The win-win strategy for China and the partner countries is very important for the vital green transformation of the world economy.

    By Global Times | 2024/11/20 17:25:47
  • Cooperation, not trade protectionism, key to revitalizing US manufacturing

    In recent years, Washington has pushed for re-industrialization, even implementing trade protectionist measures in an attempt to bring manufacturing back to the US. Yet, the overall results have been disappointing. Frankly speaking, many long-standing challenges facing US manufacturing remain unresolved.

    By Hu Weijia | 2024/11/19 23:01:57
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Global chip firms' CIIE presence highlights China's indispensable role

    In the face of arbitrary US restrictions and disruptions in global semiconductor trade, these companies continue to flexibly adjust their strategies and maintain close cooperation with the Chinese market. This approach reflects a recognition of China's vast market potential and irreplaceable position in the global semiconductor industrial chain.

    By Wang Yi | 2024/11/7 23:39:46
  • Deal ends Boeing strike, but US manufacturing faces lingering challenges

    While a deal has been reached to end the Boeing strike, concerns about the stability of the US labor supply and declining consumer confidence remain. The challenges facing US manufacturing persist, as political interference in the supply chain and additional protectionist tariffs are unlikely to strengthen the sector.

    By Wang Yi | 2024/11/6 23:10:05
  • Enhancing interconnectivity can drive GMS cooperation to new levels

    The GMS economic cooperation mechanism has made significant strides in fostering regional economic coordination and cooperation since its establishment more than three decades ago. In a world facing a sluggish economic recovery and geopolitical challenges, this regional economic cooperation mechanism is poised to further enhance economic and social development, as well as promote prosperity and stability in the region.

    By Wang Yi | 2024/11/5 22:26:37
  • CIIE showcases global benefits of China's diverse agricultural imports

    The expansion of the agricultural products exhibition area at the CIIE underscores China's commitment to diversifying and enhancing the inclusivity of its agricultural product imports. In the face of uncertainties in the international trade landscape, China will continue to promote greater openness, actively expand imports and create significant market dividends for the world.

    By Wang Yi | 2024/11/4 22:53:05
  • 'Japan fate' hype over Chinese economy absurd, ill-intentioned

    The “Japan fate” hype over Chinese economy is absurd and ill-intentioned. This misleading perspective is merely another cliches about the “China collapse” narrative that is doomed to fail.

    By Wang Yi | 2024/11/3 21:26:08
  • Chinese EV sector unleashes potential amid fierce competition, protectionism

    Amid intensifying competition in EV markets and rising protectionism in some Western countries, this development highlights BYD's strong competitiveness in the global EV market and the immense potential of China's EV industry. Although there is a certain pressure and some impact of protectionist practices from the West on Chinese EVs, this does not hinder the continuous development of China's EV industry.

    By Wang Yi | 2024/10/31 23:50:25
  • UK's interest in talks over reopening JETCO welcome, but concrete actions needed

    The UK's willingness to have talks over reopening the JETCO with China is a positive development that should be welcomed. However, getting it done won't be easy for London, as previous rhetoric by the UK side about potentially reviving the key trade talks yielded little progress in recent years. To move forward, the UK needs to take more concrete actions to mitigate geopolitical influences and other challenges.

    By Wang Yi | 2024/10/30 23:27:29
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