The green transition has become a global consensus, embodying significant opportunities for economic and industrial chain cooperation worldwide. China has made substantial progress in the green industry sector. Unfortunately, some Western countries are not cooperating with China in the green industry; instead, they are opting to suppress and contain its green efforts.

Scholz's remarks not only reflect the ongoing divisions within the EU over hiking tariffs on Chinese EVs but also underscore the need to reckon with how to effectively strengthen industrial competitiveness within an economy. Free trade and market competition are vital drivers of industrial advancement. Protectionism does not bolster competitiveness and fails to promote development.

Shanghai-based Hudong-Zhonghua Shipbuilding Co, a subsidiary of China State Shipbuilding Corp, and China Shipbuilding Trading Co, signed a new shipbuilding deal denominated in yuan with Canadian tonnage supplier Seaspan Corp on Friday for six container ships, according to China Media Group. This marks the largest single container shipbuilding deal to be settled in yuan in China this year.

As interest alone on US government debt exceeds $1 trillion, elevated deficits and skyrocketing interest payments may evoke fears of an imminent fiscal crisis if appropriate countermeasures are not taken. If the US debt level is perceived as unsustainable, it could trigger shocks in international financial markets.

Bangladesh is expected to formally apply for membership of the Regional Comprehensive Economic Partnership (RCEP), the world's largest multilateral free trade bloc, this week, according to its commerce ministry. Ministry officials said the country is also preparing to negotiate free trade agreements with several countries, Business Standard reported on Wednesday.

US officials have discussed capping sales of advanced artificial intelligence (AI) chips from Nvidia and other American companies on a country-specific basis, and their focus is on Persian Gulf countries, Bloomberg reported, citing people familiar with the matter. If the report is true, the US semiconductor industry will very likely be the victim as chipmakers lose market share due to sales restrictions.

As the 2024 Paris Motor Show entered its second day on Tuesday, the presence of Chinese car companies garnered widespread attention. Despite the European Commission's plan to impose tariffs of up to 45 percent on Chinese electric vehicles (EVs), Chinese companies showcased new models and layout plans at the event, demonstrating their commitment to overseas growth amid rising competition and protectionism.

Against the backdrop of multiple risks threatening the global trade recovery, rising protectionism and geopolitical interventions that challenge free trade cooperation, trade between China and Vietnam has maintained steady and robust growth. This trend underscores the significant dividends of strengthened regional economic cooperation, the advancement of free trade and the integrated development of industrial chains.

In recent years, the complex global political and economic situation has created persistent uncertainty that continues to affect the market, particularly the foreign exchange market. In this context, some foreign investment institutions often exaggerate the impact of normal fluctuations of Chinese yuan's exchange rate.

During the past week, the exchange rate of Chinese yuan has seen some fluctuations following a period of rapid appreciation.

The US Federal Reserve (Fed) on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on September 17 and 18. As more details emerge, the growing policy uncertainties brought about by a change in US monetary policy is becoming increasingly unsettling.

“Decoupling” from China would serve only the interests of some American politicians but will disrupt the regional and global industrial chains. In the face of such tactics, falling into Washington's narrative trap isn't in line with the interests of other countries, including Mexico.

Against the backdrop of a global boom in demand for artificial intelligence (AI) semiconductors, Samsung Electronics' fast-growing yet lower-than-expected operating profit for the third quarter offers a window into the practical significance of China-South Korea chip industry chain cooperation.

The growth in China's foreign exchange reserves can be partially attributed to short-term factors such as fluctuations in exchange rates and asset prices. However, the sustained high levels and growth rates that exceeded market expectations strongly indicate the stable development of the Chinese economy.

Since Nepal's participation in the China-proposed Belt and Road Initiative (BRI) began several years ago, practical bilateral cooperation in various fields has noticeably accelerated, making a contribution to Nepal's transition from "land-locked" to "land-linked" via upgraded transport connectivity.

China is the world's largest new-energy vehicle (NEV) market - and it's growing. As the market grows, the development dividends it brings to multinational enterprises will become more apparent.

As certain economies periodically promote the rhetoric of "decoupling" from China - calling for import tariffs on a wide range of Chinese products, from steel to cement - South Korea's plan to import Chinese cement to alleviate the rising cost pressures highlights the critical need for enhanced industrial cooperation.

Trade protectionism and free trade represent two opposing approaches to international trade. It should be noted that, although protectionism has had an unprecedented impact on free trade, the latter has been proven as the easiest and most effective way to stimulate economic growth.

Chinese electric vehicle (EV) giant BYD's reported plan to build its first EV assembly plant in Pakistan has sparked optimism about Pakistan's prospects to boost EV production and exports. This development signals a strengthening of industrial cooperation, particularly in the context of ongoing upgrades to the China-Pakistan Economic Corridor (CPEC).

The annual China-ASEAN Expo will be held in Nanning, South China's Guangxi Zhuang Autonomous Region, from Tuesday to Saturday. It will showcase the outcomes of fruitful cooperation between the two major economies and highlight the potential for more in-depth cooperation in emerging sectors such as green energy and AI. The expo has been successfully held for a total of 20 years, and has witnessed the rapid development of the friendship between China and ASEAN.

The recent actions of the European Commission in its electric vehicle tariff trade dispute with China have not only compromised the fundamental principles of international trade but also, when considered in a historical context, contradicted their original commitment to promoting free trade.

Regarding the trade dispute over the EV tariffs started by the European Commission (EC), China has demonstrated ample sincerity to resolve the issue. China approaches the case from the perspective of placing great importance on China-EU economic and trade cooperation, as well as on the China-EU relationship.

It has long been America's desire to revitalize its semiconductor manufacturing capabilities, but it won't be an easy task. Even if Apple's A16 chips are manufactured on American soil at TSMC's Arizona facility, the breakthrough doesn't mean it will be all blue skies and smooth sailing for the redevelopment of the US semiconductor sector.

Rapid advancements in artificial intelligence (AI) have the potential to deliver significant and ongoing opportunities for the world's economy. This brings a new chance for mutually beneficial cooperation among emerging economies.

The US' proposed restrictions on the de minimis exemption not only jeopardize the viability of cross-border e-commerce but also risk harming the interests of American consumers and businesses that benefit from these channels.

China's recent decision to fully open its manufacturing sector to foreign investment and allow more room for foreign capital in its health and medical care sectors has garnered significant global attention.

In recent years, some Western politicians have intensified their rhetoric regarding "China's overcapacity." Meanwhile, some Western nations have embraced trade protectionism, imposing high tariffs on China's burgeoning green industries, such as new-energy vehicles (NEVs), photovoltaics and lithium batteries.

The consumer price index (CPI) in the US, a key gauge of inflation, dropped to 2.5 percent in August, which sets the stage for the Federal Reserve, the country's central bank, to possibly start reducing interest rates at its next meeting on September 17-18.

The US is ramping up pressure on South Korea to align with export controls against China, calling for advanced chips like high-bandwidth memory (HBM) models to be provided only to allies, the Korea Herald reported on Wednesday. If the news is true, we advise South Korea to remain sober-minded. It will be a test of Seoul's wisdom to see if it can resist the pressure from Washington and continue to deepen its cooperation with China in the semiconductor sector.

Is India's attitude toward Chinese investment subtly changing? The question has drawn the attention of not only Chinese investors, but also public opinion in some developed countries. It is an interesting phenomenon. In the latest example, it was reported by Japanese media outlet Nikkei Asia that "India edges warily toward accepting more Chinese investment."

Although policy uncertainty around Chinese EV exports to major markets like the US and Europe continues, the full operation of its Gigafactory in Shanghai indicates the irreplaceability of the China market and supply chain to Tesla.

China is supplying the world with low-priced, high-quality rare earths and related products. But there have always been forces attempting to smear China's efforts to boost the normal development of the rare-earth industry for geopolitical and ideological reasons.

The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) concluded in Beijing on September 6, with both sides vowing to jointly build an All-Weather China-Africa Community with a Shared Future for the New Era, and to pursue modernization and prosperity hand-in-hand.

Lately, some American politicians have again hyped China's "overcapacity," attempting to exert pressure on China and shift the blame of the US' domestic industrial crisis onto China.

Some politicians in the US continue to promote the narrative of “China's overcapacity,” despite it being inconsistent with economic principles and factual evidence. Such irresponsible rhetoric only serves as an excuse for advocating trade protectionism.

The US trade deficit surged by 7.9 percent from the prior month to $78.8 billion in July, the highest level in more than two years. Some political elites may still have an irrational fear about a deficit in foreign trade, even though much of their anxiety is unnecessary.

China is increasingly becoming an attractive hub for German companies to carry out research and development (R&D) to remain competitive in both the local and global markets, the South China Morning Post (SCMP) reported on Tuesday, citing a survey released by the German Chamber of Commerce in China. Such studies offer a new perspective for people to see the economic interaction between China and the EU.

China CSSC Holdings and China Shipbuilding Industry Corp (CSIC) announced on Monday a plan to merge through a share swap. With market values of hundreds of billions of yuan each, these two prominent shipbuilding companies are set to consolidate into a global industry leader in terms of assets, revenue and order backlogs. This merger will cement China's position as the world's largest shipbuilding country in terms of comprehensive competitiveness.

Options for four nonferrous metals - lead, nickel, tin and aluminum oxide - were listed on the Shanghai Futures Exchange on Monday. This development represents the more complete coverage of options in the nonferrous metal sector in China, offering a more comprehensive risk management tool for industries within this sector, according to Chinese financial news site stcn.com.

The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), to be held in Beijing from Wednesday to Friday, will help accelerate economic development in Africa, especially infrastructure projects and the new-energy sector cooperation, an Egyptian scholar told the Global Times in a recent interview.

Many countries in the world now face a shrinking, and simultaneously aging, population, which, if not promptly reversed or mitigated, could negatively impact the sustainable growth of their economies. A sufficient number of people is indispensable for running and reinforcing the operation of a functioning economy.

China's technological innovation and industrial transformation calls for an increasingly educated and skilled workforce. Since the start of reform and opening-up, China's education sector has rapidly evolved, with compulsory education becoming universally available and higher education expanding, laying a solid foundation for improving the country's human resources and demographic structure.

The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC), held from July 15 to 18, made systematic plans for further deepening reform comprehensively with an emphasis on building the high-standard socialist market economy.

The fifth Qingdao Multinationals Summit was held recently in Qingdao, East China's Shandong Province, drawing more than 500 attendees from more than 450 multinational enterprises. In a complex international environment, the summit was, to some extent, an epitome of the true interaction between China and the global economy.

China's local government debt periodically makes headlines in Western media outlets. Some Western commentators criticize the so-called "problematic balance" in China's central-local fiscal relationship, claiming it adds to the challenges facing the Chinese economy. Such voices are absurd and completely run counter to China's economic reality.

Several Western media outlets have recently published articles exaggerating the impact of China's "falling births" on the country's overall economy. A biased and distorted judgment of China's population development reflects those Western elites' serious lack of understanding of the Chinese economy.

A massive emerging market economy like China's always needs to value foreign direct investment (FDI), as it has been a catalyst for growth. FDI not only brings in much-needed capital but also helps in the transfer of technology, skills, and knowledge. This, in turn, boosts productivity and efficiency in the local economy.

The European Commission (EC) recently published a draft plan to impose up to 36.3 percent definitive countervailing duties on imports of Chinese electric vehicles (EVs), following the hostile action adopted by the US government-imposed 100 percent duty on Chinese EV imports.

There are many metrics to gauge an economy's growth quality and growth prospect, such as annual expansion of the gross domestic product (GDP), the advancement of average household's income, the technology development levels, broad public welfare, as well as improvements in environmental sustainability and social inclusion.

Western media outlets have repeatedly portrayed India as an "alternative" to China in terms of trade and manufacturing in their narratives serving the wrong "decoupling" approach. Yet, these misleading reports are detrimental to the development of the Indian infrastructure.

China has made strides in exploring and using renewable energy sources amid efforts to cut carbon emissions. The country's electricity consumption serves as a good example of this trend. Unprecedented load in July was met by record output from hydro and solar facilities, ensuring coal-fired generation fell slightly year-on-year, Reuters reported on Tuesday.

Amid a weaker than expected global economic recovery and increasing protectionism that's disrupting the world economy, enhancing development cooperation, particularly in infrastructure, between China and Vietnam holds great importance for the advancement of the regional and global economic recovery.

India has ambitions to become a major manufacturing hub, and it has been courting foreign firms to set up operations in the country. The process involves complicated issues. How India chooses to view its processing industry may be a key variable for the future of India's manufacturing development.

The third plenary session of the 20th Communist Party of China (CPC) Central Committee, held in July, is of historical importance. During the session, the 20th CPC Central Committee adopted a resolution to further deepen reforms and advance Chinese modernization.

Taiwan Semiconductor Manufacturing Co (TSMC) is expected to break ground on its first European factory in Dresden, Germany next week, the VOA reported. While the EU has stepped up efforts to revive the semiconductor sector, history teaches us that achieving success will require more than just manufacturing investment.

China recently released a 33-point guideline to ramp up the country's leading role in the green transformation of industries, services and other social activities to realize the country's pre-set green, low-carbon development goals. It is of great importance for the strategic guideline to be broadly and earnestly implemented. China's unflinching green push will contribute to achieving high-quality economic development.

Saudi Arabia's energy transition has created new opportunities for China-Saudi Arabia cooperation. In the latest example, it was reported by Reuters on Tuesday that China Energy Engineering signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia.

Some Western media outlets have run reports hyping the claim that "foreign investors pull record amounts of money from China." Such efforts have fueled a new round of commentary about a "stalling Chinese economy," which has repeatedly been struck down by reality.

Nikkei Asia published an article on Sunday stating that Chinese courts have been handing down judgments related to generative artificial intelligence (AI). Some Westerners may tend to view the rule-making process of AI from the perspective of a global race. That is unnecessary. Verdicts by Chinese courts will make a positive contribution to improving global AI governance.

China's largest cities including Beijing, Shanghai, Shenzhen and Hangzhou have recently accelerated their pace of green transformation by quickly replacing internal combustion engine vehicles with clean new-energy ones.

Some Western countries may believe protectionist tariffs can discourage EV imports and help boost local EV industries, but the opposite is true. Southeast Asia's story proves that free trade and fair competition are what promote the development of the EV industry and contribute positively to economic growth.

India's Adani Group is planning a 150 percent increase in its output of solar panels by 2026 to bolster the country's carbon net zero target and reduce dependence on China, Bloomberg reported on Wednesday. However, it may be not smooth sailing ahead.

In recent years, artificial intelligence (AI) has been rapidly developed in Africa. A growing number of forums and conferences are discussing the possibility of AI cooperation in fields including agriculture, health care, education and finance. With the development opportunities created by AI, achieving breathrough development has become a focus among African countries.

The world's capital market landscape looks increasingly volatile and tumultuous this week, primarily caused by the sudden tick-up of unemployment rate in the US labor market. The inaction by the US Federal Reserve policymakers to adjust the interest rates in the first half of 2024 is to blame.

The US has always touted itself as the world's best destination for inward foreign direct investment, but it cannot be denied that the investment environment in the US is deteriorating. The US is largely in a mode of zero-sum games and treats China with suspicion and even hostility. All of this will deal a serious blow to investor confidence.

The global interest rate cutting cycle seems to be picking up steam. Despite rising uncertainties in global financial markets, the yuan's exchange rate is expected to remain stable, with fluctuations within a reasonable range.

The world has been early awaiting a US interest rate reduction. The Federal Reserve (Fed) has maintained policy rates at 23-year high of 5.25-5.5 percent since July 2023. When monetary policy is kept too restrictive for too long, it can cause harm to the economy, resulting in cramped business activity and higher unemployment rates because employers would have fewer unfilled job openings.

The ominous clouds looming over the US economy are growing darker, resulting in a significant drop in the stock market on Friday. Is there a storm on the horizon?

India's Ministry of Steel has asked the trade ministry to investigate "cheaper steel" imports from China and Vietnam, Reuters reported on Wednesday, citing a government source directly aware of the matter. If this was true, we hope India could think twice. A protectionist investigation against imported steel will strike at foreign investors' confidence in the Indian economy.

Amid a boom in AI semiconductors, the US may step up pressure on its allies to restrict trading with China, including South Korea. If Seoul cannot resist that pressure, the semiconductor industry in the country will probably suffer.

The recently released resolution of the Third Plenum of the 20th Communist Party of China (CPC) Central Committee has made an important commitment to developing a financial system for scientific and technological innovation to provide greater support for major national science and technology programs and small and medium-sized tech enterprises (SMEs).

US Federal Reserve officials are widely expected to leave interest rates steady at the conclusion of their two-day meeting on Wednesday, but there are still many uncertainties. What's worse, the rising national debt may further complicate the situation. As the US remains the world's largest economy, any mistake it makes may have strong spillover effects that will harm itself and burden even the entire world.

Many African countries have responded to climate change by ramping up their efforts to reduce carbon emissions. Amid their transition toward a low-carbon, climate-resilient and environmentally sustainable economy, economic complementarity between China and Africa has created potential for cooperation in the new-energy industries, especially the electric vehicle (EV) sector.

Nvidia, a global leader in AI chips, with a market capitalization topping $3 trillion on average over the past two months, is reportedly working on a version of its new flagship AI chips for the Chinese market that will be compatible with the Biden administration's export control dictate, Reuters reported last week.

Is China caught in a "liquidity trap?" The topic periodically makes headlines in Western media outlets. The answer would appear to be obvious. Such pessimistic views have been going around for decades, while those who peddle them never got it right.

Li Daokui, director of Tsinghua University's Academic Center for Chinese Economic Practice and Thinking, said that the communique of the third plenary session of the 20th CPC Central Committee highlighted both reform and opening-up while reaffirming the commitment to the basic national policy of opening-up. “I believe this will offer further reassurance for foreign businesses and investors,” Li said during an exclusive interview with the Global Times.

Japan's Nippon Steel will withdraw from a joint venture with Shanghai-based Baosteel, Nikkei Asia reported on Tuesday. As a result, Nippon Steel's steel production capacity in China will be reduced by 70 percent. This is undoubtedly regrettable.

In a panic-driven but unattainable attempt to cut China out of global industrial chain collaboration, the US has increased its scrutiny of Mexico's trade with China. However, this shouldn't be a reason for Mexican officials to point fingers at China, and Mexico shouldn't follow the US down a dead end.

Western smearing campaign against China-Pakistan energy cooperation under the BRI and CPEC framework cannot stop the two sides from creating unprecedented opportunities for sustainable growth of the local economy.

Brazil's interest in joining the BRI demonstrates that it is not swayed by unfounded criticism from Western countries and is committed to making independent decisions that benefit its own development.

US Secretary of State Antony Blinken unveiled Wednesday a new program to boost production of semiconductors in some Latin American countries. It's not a bad thing if Latin American countries gain manufacturing investment from the US. What's concerning is whether this is just "lip service" from the US.

UBS Group AG said in a research note that new tariffs of 60 percent on all Chinese exports to the US would more than halve China's annual GDP growth rate, Bloomberg reported on Tuesday. Such anxiety is groundless. It is absurd to exaggerate the threat that protectionist US tariffs pose.

Apple Inc's annual sales in India jumped 33 percent to a record of almost $8 billion in the year through March, underscoring a rapidly growing market where the iPhone maker now assembles more of its devices, Bloomberg reported on Monday, citing a person familiar with the matter.

Therefore, if China rolls out measures to stimulate its domestic demand, it should consider issues from the perspective of the real situation of the Chinese economy, instead of the groundless hype about "insufficient domestic demand" and the false "overcapacity" narrative.

As the third plenary session of the 20th Communist Party of China (CPC) Central Committee held in Beijing from Monday to Thursday is expected to primarily examine issues related to further comprehensively deepening reform and advancing high-quality development of the Chinese economy, how China will continue to adhere to a high level of opening-up and better utilize foreign investment for years to come has attracted widespread attention.

With talks to upgrade the India-South Korea free trade agreement (FTA) moving forward, senior officials of both countries will hold the next round of negotiations from Wednesday in Seoul, Indian news agency PTI reported, citing "an official."

China's exports in June rose by an impressive 8.6 percent from a year earlier to reach $307.85 billion, beating the 7.6 percent increase seen in May, the General Administration of Customs (GAC) said on Friday. The improvement in foreign trade is a testament to China's rising comparative advantages in manufacturing across the low-, middle- and high-end segments, as well as the resilience of China's industrial ecosystem, with its strong and globally unrivalled supply chain as its distinctive hallmark.

There is still a long way for Chinese automakers to realize internationalization of their operations in the Southeast Asian market, although the fact is that they have become increasingly competitive. As the competition escalates, some Western media outlets have increasingly focused on geopolitical games and have played up the “China threat” theory, but the narrative cannot help exploit potential for mutually beneficial cooperation.

Japan's increasing efforts to boost chip production to explore the opportunities in the expanding AI and EV markets will inevitably result in competition with rapidly advancing industries in China. However, the vast market potential and the mutually beneficial collaboration in the industrial chain between China and Japan indicate that the two countries can cultivate a positive coopetition relationship, despite the US pushing an anti-globalization agenda.

Washington's ill-intentioned chip war has raised concerns about the further fragmentation of global supply chains, and more economies, including the EU, may become the victims. As global electric vehicle (EV) and chip industry chain cooperation presents opportunities for China-EU cooperation, the EU should maintain strategic autonomy as the US pursues its chip war.

In an effort to stabilize bilateral ties, China has shown good faith and made constructive efforts to help address the US' fentanyl issue, promoting cooperation in this area between the two sides. Scapegoating and pressing China will not fool the US public nor will it help Washington effectively address the life-costing fentanyl crisis.

China's pre-owned secondary homes market showed positive signs of recovery in June, as their sales in some major cities rose to a 14-month high, thanks to the government's ramped-up policy support to reactivate the real estate market. The average home price in the 100 monitored cities edged up 0.05 percent last month from May, snapping a nine-month decline streak - an indication that property prices are stabilizing, according to Reuters.

Germany's economy ministry will look "very closely" into a deal to supply Chinese-made wind turbines for an offshore project in Germany's North Sea, Reuters reported on Wednesday. If the report is true, does it mean EU countries will enhance their review procedures of Chinese-made wind turbines? It's hard to say, but this does deserve attention, given a rise of trade protectionism in the EU toward China's new-energy products.

US seaports have urged the Biden administration to rethink a proposed 25 percent duty on Chinese-made gantry cranes, Bloomberg reported on Monday. This scene is quite ironic: Washington is putting a gun to China's gantry cranes, ready to pull the trigger anytime, but it is surprised to find that US seaports are standing in the way.

There are currently some pessimistic and skeptical views surrounding China's consumption, suggesting that general consumers have concerns about their spending, and efforts to boost domestic demand may not have the desired effect. However, these claims are not accurate.

European manufacturers of hydrogen equipment have urged the EU to step in to help the industry compete with "cheaper Chinese producers," Reuters reported, citing a letter seen by its reporters. We hope the EU can restrain the rise of trade protectionism within itself, as it does nothing but harm free trade and open a dangerous floodgate.

The excessive demands made by US golf cart producers to impose 100% tariffs on Chinese-made golf carts highlight a troubling reality: The US, initiating a harmful trend of tariffs and protectionism worldwide, is now heavily reliant on these lose-lose tactics. It appears that the US has lost sight of where to draw the line when it comes to tariffs.

The key priorities before the policymakers will most likely go to advancing homegrown technology innovation and fostering new quality productive forces, as well as reforming the country's policies governing population, education, medical care, real estate, local government debt, rural vitalization and financial market stability and growth.

Amazon.com plans to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China, Reuters reported on Wednesday, citing an Information report. If the Reuters' report is true, cost-effective Chinese goods such as fashion and home appliances are likely to generate more profits for the US-based e-commerce giant.

Two transformative projects, recently unveiled, are on the horizon. They are ready to revolutionize the transport infrastructure of the China-Europe route, with a specific focus on strengthening the Middle Corridor.