The world's first large-scale seismic data processing model with 100 million parameters called "DiTing" has been officially released, a significant advancement for China in key technologies in seismology, according to the Chengdu science and technology bureau in Southwest China's Sichuan ...

The China Securities Regulatory Commission (CSRC), the country's top securities regulator, vowed on Monday to effectively maintain the smooth operation of the capital market, strengthen comprehensive research and response to market risks, and improve the targeted effectiveness of trading regulation.

This July marks the third anniversary of the launch of the national carbon emissions trading market in China, which, according to the Chinese Ministry of Ecology and Environment on Monday, has made China the world's largest carbon market in terms ...

A domestically produced large aircraft C919 joins China Eastern Airlines' fleet in Shanghai on July 29, 2024. This is the third C919 aircraft that China Eastern Airlines received this year. The carrier now operates a fleet of seven C919 aircraft, ...

Along with Team China, 35,000 high-performance ping pong balls and a wide array of high-tech sports gear descended on the Paris Olympics. Chinese experts and industry players said the situation reflected a profound change in the Chinese industrial sector in ...

In recent years, China's real estate market has undergone adjustments, leading to increased attention on the problems and risks that have emerged following the market correction.

Despite facing a number of external uncertainties, China's exports continue to grow, attracting much attention. Total exports have steadily expanded from 17.24 trillion yuan ($2.5 trillion) in 2019 to hit 23.77 trillion yuan in 2023.

From January to May this year, China's total import and export of intellectual properties amounted to 180 billion yuan ($24.8 billion), a year-on-year increase of 14.1 percent. Exports of intellectual property rights (IPRs) rose 17.7 percent compared to the previous ...

The British asset management conglomerate Schroders vowed on Monday to conduct a comprehensive investigation following an online allegation regarding one of its senior executives in China.

China Eastern Airlines received its seventh C919 plane on Monday. The delivery marks the third C919 aircraft received by the air carrier, the world's first C919 customer.

The Chinese yuan has maintained a high ranking on a currency internationalization gauge last year, with an annual average of 6.27 points, up 22.9 percent year-over-year, news report shows.

The electric vehicle division of China's embattled real estate developer Evergrande Group saw its shares fall by over 7 percent on Monday morning, as the unit announced on Sunday that the creditors of its two subsidiaries had asked a court ...

Farmers pick high-quality locally grown grapes on a plantation in Chaohu, East China's Anhui Province on July 28, 2024. In recent years, Chaohu has made great efforts to create jobs and incomes for farmers and contribute to rural revitalization. Photo: ...

About half of the members of the World Trade Organization (WTO) have reached a preliminary deal on e-commerce that would permanently ban tariffs on digital transactions, Bloomberg reported on Saturday. Although Washington reportedly signaled a reluctance to fully endorse it, ...

Apple was edged out of the top five smartphone vendors in China in the second quarter, as competition from Chinese domestic brands intensified, according to global research firms. The trend shows that with domestic handset makers surging ahead, the focus of ...

The ongoing official visit of Italian Prime Minister Giorgia Meloni to China raised high expectations among the business community for its potential boost to bilateral economic and trade ties, in which both sides are highly complementary.

Construction or upgrading began recently on several projects at nuclear plants in China, a significant development in the country's nuclear power and clean energy landscape.

Chinese technology companies are showcasing their cutting-edge artificial intelligence (AI) products to the world at the Paris Olympic Games, a move that has gained wide recognition, the Global Times learned from companies on Sunday.

A business delegation led by the China Council for the Promotion of International Trade (CCPIT) was scheduled to arrive in the US on Sunday for a six-day visit to several US cities, according to an itinerary seen by the Global ...

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 ...

As the 2024 Paris Olympic Games unfolds, the sports gala has become a source of heightened people-to-people exchanges as Chinese tourists descend on the "City of Light" in massive numbers that will create new opportunities for both countries.

Fuyao Glass announced on Sunday that the raid on its US subsidiary, Fuyao Glass America, by the US federal and local law enforcement agencies on Friday, was part of an investigation into a third-party labor service provider, and that Fuyao ...

After the world champion Huang Yuting won the gold medal in the 10m air rifle mixed team event on Saturday, the hairpin she wore in the honor moment attracted public attention and became trending online. Some Chinese e-economic platforms have ...

China's major securities brokerage CSC Financial Co, an affiliate of China CITIC Group, on Saturday refuted any assistance of financial frauds in a recent intern incident, stating that the company is ready to accept supervision to ensure compliance.

China's industrial profits in June saw a sustained recovery with accelerated growth as the implementation of various macro policies took effect, the National Bureau of Statistics announced on Saturday.

"Yushu City is part of the Qinghai-Xizang Plateau and it boasts an average altitude of over 4,000 meters. The oxygen content in the air is only about 60 percent of that in Hangzhou, but as long as I sit in ...

US Treasury Secretary Janet Yellen on Thursday said she would press China to address the country's macroeconomic model that has led to “overcapacity,” claiming that it poses a “threat” to the viability of firms and workers globally, making her the ...

Centered around the theme of "water," a dialogue between Shanghai and New York with discussions on economic and trade ties, cultural exchanges and waterfront planning, was held in Shanghai on Friday, aiming to foster in-depth explorations of shared opportunities and ...

Following the conclusion of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, responsible authorities in China have been taking actions to further promote the country's opening-up, targeting the capital market and the financial ...

Foreign enterprises' confidence in China has continued to grow in the second quarter, with more than 40 percent of respondents of a survey expressing increasing confidence in the China market. They believe that its attractiveness will further improve, according to ...

Multinational companies are eagerly preparing for the seventh China International Import Expo (CIIE) as the 100-day countdown begins on Saturday. With a strong belief in the China market and its potential for growth, multinational companies will be showcasing new technologies ...

Ahead of Italian Prime Minister Giorgia Meloni's upcoming visit to China from Saturday to July 31, Italian business representatives have demonstrated upbeat expectations for further deepening bilateral economic and trade exchanges that will also benefit the China-Europe relations, bolstered by ...

China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC) said on Friday that Chinese centrally administered state-owned enterprises (SOEs) will step up investment in sci-tech innovations to make breakthroughs in solving “bottleneck” problems for greater contribution to ...

Despite US' intensified restrictions to stymie the development of China's cutting-edge technologies, Chinese researchers remain committed to excelling in quantum computing with a long-term vision and strong determination, a leading Chinese scientist and a pioneer in China's quantum technology told ...

Star livestreamer Dong Yuhui has decided to resign from his position as a senior partner at East Buy, also known as Oriental Selection, a subsidiary of Chinese private tutoring giant New Oriental, the company said in a filing to the ...

The Italian government has sent signals about further promoting the development of China-Italy economic and trade cooperation, garnering great attention. In light of the trade dispute between China and the EU regarding tariffs on electric vehicles, any step taken toward ...

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 ...

There has been a notable surge in Chinese tourists booking flights and hotels in France and other European destinations, according to reports from multiple domestic travel platforms on Thursday. The Paris 2024 Olympic Games, set to open on July 26, ...

During the 8th China-South Asia Expo, held from Tuesday to Sunday, Pakistan stood out as a featured country. The event drew a significant number of Pakistani buyers and sellers, eager to explore new trade opportunities and seek new collaborative ventures ...

The EU is urged to address mutual concerns through dialogue and consultation regarding its plan to impose provisional anti-dumping duties on imported biodiesel from China, rather than hastily resorting to protectionism, Chinese Ministry of Commerce (MOFCOM) spokesperson He Yongqian said ...

China's National Development and Reform Commission (NDRC) and the Ministry of Finance on Thursday co-released a 16-point document on how to implement the plan for equipment renewal and trade-in of consumer goods, as officials said the policies will stimulate the ...

The regional cooperation office of Yangtze River Delta has issued a three-year action plan (2024-26) for the integrated development of the region, one of China's most economically vibrant regions. The plan clearly defines a roadmap for the next three years, ...

With the joint efforts of all parties, the China-Kyrgyzstan-Uzbekistan railway is likely to commence construction in the upcoming months, according to media reports. This project, once completed, will further promote economic and trade development in Central Asia, transform the region's ...

Italy can be the perfect gateway for third-country markets for Chinese companies, Mario Boselli, president of the Italy China Council Foundation (ICCF), told the Global Times in an interview ahead of the visit to China of Italian Prime Minister Giorgia ...

Three Chinese automakers singled out by the European Commission (EC) in its anti-subsidy probe have sought and received additional hearings, Bloomberg reported on Wednesday, becoming part of the ongoing negotiations between China and the EU on the bloc's decision to ...

Chinese unmanned aerial vehicle (UAV) developer United Aircraft Group said on Thursday that it has won 100 industrial-level UAV orders at the ongoing Farnborough International Airshow in Farnborough, the UK, reflecting a rising competitive edge held by Chinese aviation companies. ...

There is full confidence that China will be able to achieve its full-year GDP growth target of around 5 percent in 2024, as the resolution on further deepening reform comprehensively to advance Chinese modernization adopted at the just concluded third ...

Since the start of the construction of the Three Gorges Dam, China's hydropower ecosystem has overcome difficulties and realized the independent design and manufacturing of hydropower equipment and the localization of important materials.

SAIC Anji Splendor, a second world's largest clean energy-powered ro-ro vessel built by the China State Shipbuilding Group, was handed over to SAIC Motor Corp on Tuesday, forming a dual-vessel fleet in promoting China's cars exports.

China is willing to promote the matching of the China-proposed Belt and Road Initiative (BRI) with Brazil's "neo-industrialization" strategy and other development strategies, Chinese Foreign Ministry spokesperson Mao Ning said on Thursday, commenting on Brazilian President Luiz Inacio Lula da ...

Despite the challenges and complexity in the bilateral relations, the visit of the American industry representatives, immediately in the wake of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, showcased the foreign companies' ...

China's central bank conducted a medium-term lending facility (MLF) operation reducing rates on Thursday, marking a second rate cut within one week. This move is aimed at increasing liquidity and bolstering economic recovery and showcases China's proactive approach in strengthening ...

The ongoing surge in travel to Africa has created more opportunities for African carriers, with tourist numbers from China boosting their performance.

China has shown major bright spots of continued improvement across industrial production and exports, tied with robust consumer spending throughout the second quarter of this year, reflecting the resilience of the Chinese economy amid challenges, a quarterly report released by ...

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 ...

Before the flood season of this year approaches, the State Grid Henan Electric Power Company has readied itself through a comprehensive digital transformation, upgrading its equipment and improving service to ensure an effective response to extreme weather events.

Apple announced on Thursday that it has opened a new research and development (R&D) center in Shenzhen city, South China's Guangdong Province, a new move underscoring the US tech giant's confidence in the China market amid the country's earnest and ...

For nearly a century, Merck, the German scientific and technological giant, has woven its legacy into the fabric of China's healthcare industry. As global uncertainties loom, the company's dedication to the Chinese market remains unshaken. Peter Guenter, CEO of Healthcare ...

The contribution rate of China's agricultural science and technology progress reached 63.2 percent in 2023, roughly 10 percentage points higher than that of 2012, amid efforts to enhance sci-tech self-reliance in the sector, an official with China's Ministry of Agriculture ...

The Third International Cooperation Forum on RCEP Trade and Investment was held on Tuesday in Kunming, Southwest China's Yunnan Province, showcasing the latest achievements of the Regional Comprehensive Economic Partnership (RCEP). New cooperation agreements were signed between Chinese and Laotian ...

As global tourism continues to pick up momentum, the demand for outbound tourism among Chinese citizens is also on the rise, as data showed that the total number of visa applications processed in the first six months of 2024 has ...

India seems to be changing its stance to attract more Chinese investment, but the success of this policy adjustment hinges on whether India still sees China as a strategic rival in geopolitics and security, which hinders trust between the two ...

Foxconn, Apple's assembly partner for building iPhones, has signed a strategic cooperation agreement with the Henan provincial government, to build a new business headquarters building in Zhengzhou, Central China's Henan Province, according to the company's website on Wednesday.

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.

Indian merchants showcased distinctive wood carvings and handicrafts at the 8th China-South Asia Expo as it opened on Tuesday, highlighting their optimism about the China market. Traders conveyed a strong interest in the market, committing to expanding their presence despite ...

Boeing confirmed to the Global Times on Wednesday that it has restarted deliveries of the 737 MAX to Chinese airlines, marking progress for the model in China after some setbacks.

Hong Kong officials and the business community have voiced their support and enthusiasm for a resolution recently adopted at the third plenary session of the 20th Communist Party of China (CPC) Central Committee, vowing to make greater efforts to give ...

A group of US senior executives concluded a visit to China on Tuesday following the conclusion of the third plenary session of the 20th Central Committee of the Communist Party of China, a trip that aimed to promote commercial exchanges, ...

US-based electric car (EV) maker Tesla's driving assistance system, Full Self-Driving (FSD), is likely to be approved by Chinese regulators and enter the China market within 2024, said Tesla CEO Elon Musk.

Over 50 countries and international organizations have confirmed their participation in the seventh edition of the China International Import Expo (CIIE) with available exhibition area signed by companies reaching 360,000 square meters, officials told a press conference on Wednesday, ...

Aircraft manufacturer Boeing updated its market outlook, raising the demand for civil aircraft in the next 20 years from 42,595 in 2023 to nearly 44,000, an increase of approximately 3.24 percent, and China will lead all markets, being the largest ...

The National Development and Reform Commission (NDRC), China's top economic planner, on Tuesday issued a notice to support high-quality enterprises in borrowing medium- and long-term foreign debt to promote high-quality development of the real economy.

CrowdStrike's strategy of smearing and excluding China has unexpectedly made China one of the least affected major economies in the latest tech outage. The irony should spark a reflection on who is the real threat to cybersecurity in the world.

"Sir, we have replaced the old lines for you. Please be careful when using electricity in summer. If you have any electricity problems, please contact us any time..." On July 22, in Baoji Village, Bincheng District, Binzhou City, Shandong Province, ...

The China-South Asia Expo opened on Tuesday in Kunming, Southwest China's Yunnan Province, showcasing a deeper commitment to regional cooperation. Exhibitors expressed optimism for the Chinese market and praised the event for providing opportunities to expand business in the region.

China's second domestically built large cruise ship will use Port of Guangzhou in South China's Guangdong Province as its home port, with a focus on tapping China's southern market, a move that will integrate the cruise economy with local commercial ...

High-end luxury brand Louis Vuitton (LV) opened its first chocolate boutique in Shanghai on Monday, a positive sign for the international luxury brand to capture more of the consumer market in the world's second-largest economy.

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, ...

US semiconductor giant Nvidia is reportedly working on a new version of its flagship artificial intelligence (AI) chips designated for the China market, the latest effort by a foreign chipmaker to tap the great potential of the world's largest electronics ...

French banking group BNP Parisbas recently established a wholly owned securities firm in Shanghai, becoming the fourth foreign financial institution to set up a wholly owned brokerage firm in the Chinese mainland, the Securities Daily reported on Tuesday.

China's seaborne container shipments to the US jumped 15 percent year-on-year by volume in June, showing resilient supply and demand between the world's two largest economies despite intensified decoupling attempts by the US, industry experts said.

Even as the European Union (EU) has recently introduced provisional additional tariffs of up to 37.6 percent on Chinese electric vehicles (EVs), some EU member states are competing for Chinese EV manufacturing investment and jobs.

Key investment projects are set to improve the quality of China-Russia trade and provide further impetus for bilateral trade to reach $300 billion by 2030, Chinese experts said on Tuesday, as cooperation meetings were held in Russia this week.

Driverless robotaxi companies unlikely to report revenue from ride-hailing services over short term

Despite Western attempts to downplay China's economic prospects, the country is resolutely forging ahead with its ambitious reform agenda, following the just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee. The plenum outlined a detailed ...

China created 6.98 million urban jobs in the first half of this year, achieving 58 percent of its annual target, China's Ministry of Human Resources and Social Security said on Tuesday, highlighting the country's labor market has remained broadly stable.

The just-concluded third plenary session of the 20th Communist Party of China (CPC) Central Committee has planned forward an economic development blueprint that lays the foundation for increased productivity and technological breakthroughs, thus ensuring a continued success of China's economic ...

Chinese Foreign Minister Wang Yi met with a delegation of the board of directors of the US-China Business Council (USCBC) on Monday, where he discussed China's policy stance toward the US, which is based on the principles of mutual respect, ...

China will employ a raft of policies to expand and strengthen its big data industry, in an effort to unleash and enhance social vitality and boost the digital economy, the National Data Administration (NDA), said on Monday.

TSMC's strong second-quarter results didn't support its share price, which unexpectedly sank in the US and Taiwan island. This outcome is a warning to TSMC and underscores the growing disruptive impact of US geopolitical pressure.

The People's Bank of China (PBC) on Monday ramped up its monetary policy, including cuts in a key short-term rate and market-based benchmark lending rates, in the latest move to strengthen counter-cyclical adjustment and increase support for the real economy.

The China-proposed Belt and Road Initiative (BRI) has become a platform that goes beyond enhancing global inter-connectivity with mutually beneficial infrastructure mega projects to become a mechanism that promotes people-to-people exchanges, especially for younger generations, participants said on Monday, ahead ...

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.

China's Nasdaq-style sci-tech innovation board of the Shanghai Stock Exchange, also known as the STAR Market, celebrated its fifth anniversary on Monday. It has helped more than 570 technology companies raise 1 trillion yuan ($137 billion), with 60 percent of ...

China's Ministry of Commerce (MOFCOM) announced on Monday that, after receiving and reviewing a request from the domestic industry, it will conduct a one-year sunset review investigation of the anti-dumping measures applicable to imports of stainless steel billet and hot-rolled ...

The exhibition named On Top of the Pyramid: The Civilization of Ancient Egypt, which is being held in Shanghai, has captivated the audience and boosted hotel bookings by 20 percent year-on-year, data from a China-based travel platform Trip.com showed.

Chinese electric vehicle (EV) enterprises including Xpeng and Chery have continued to sign cooperation agreements with EU automakers despite the bloc's decision to impose temporary tariffs on Chinese EVs.

Chinese poultry industry is expected to see more positive outcomes rather than any negative impact from a recent suspension of poultry exports announced by Brazil, Chinese industry analysts and insiders said on Monday, indicating the latest change on the supply ...

As the Chinese economy has faced challenges in recent years, some Western officials and media pundits have stepped up their smear campaign against China. They cherry-pick information and distort facts to hype their narratives such as "Peak China," but they ...

At the request of Chinese automaker SAIC Motor Corp, the European Commission (EC) has held a special hearing at the EU headquarters in Brussels regarding the anti-subsidy investigation into Chinese electric vehicles (EVs). During the hearing, SAIC submitted its defense ...