text:
Shen Weiduo
Reporter, Beijing
Business reporter following China's macro economy and global high-tech firms.
Foxconn Zhengzhou plant's production, shipments recover
Foxconn's Zhengzhou plant in Central China's Henan Province, the largest manufacturing base for Apple's iPhone, has rapidly recovered and it achieved about 90 percent of its anticipated peak capacity in December, Foxconn confirmed to the Global Times on Tuesday.
By Shen Weiduo and Li Xuanmin | 2023/1/3 19:42:45
Domestically developed first C919 jet delivered to China Eastern, 'marking a start in journey toward mass production'
The world's first C919 aircraft, and also China's first domestically-developed passenger jet, was delivered to China Eastern Airlines in Shanghai on Friday, and is expected to be put into commercial operation in the spring of 2023.
By Tu Lei and Shen Weiduo | 2022/12/9 22:03:36
Strengthened China-Saudi ties raise prospects for use of yuan in oil settlement
A discussion of shift to use Chinese yuan in China-Saudi oil settlement is increasingly rising recently amid an ongoing visit of Chinese President Xi Jinping to the country - the trip marks epoch-making milestone in China-Arab relation and also raises hopes for a more deepened energy tie for years to come.
By Yu Jincui, Xing Xiaojing in Riyadh and Shen Weiduo in Beijing | 2022/12/8 18:04:39
US initiates digital dollar pilot program, in a major push to compete with digital yuan
The US Federal Reserve and a group of major financial institutions will launch a 12-week digital dollar pilot program, months after US lawmakers called for the government to join a digital-asset "space race" to compete with China – a frontrunner in promoting the use of the digital yuan both at home and abroad.
By Shen Weiduo | 2022/11/16 22:53:04
China-Indonesia trade exchanges to get stronger as G20 lays foundation for closer ties
Economic connections between China and Indonesia, host of the ongoing G20 Summit, are set to be strengthened, underpinned by a shared vision between the two countries and a new pattern of bilateral relations driven by the "four wheels" - political, economic, cultural and maritime cooperation.
By Wang Cong in Bali and Shen Weiduo in Beijing | 2022/11/15 21:17:07
Ahead of G20 summit, Indonesia strives to keep focus on economy
As the G20 Leaders' Summit, which is said to be the most difficult one, is set to kick off in the Indonesian resort island of Bali on Tuesday, the host country is striving to keep the focus of the crucial meeting on economic issues rather than geopolitical tensions, with the Indonesian President Joko Widodo waring against rivalry, while locals, including G20 volunteers, are calling for cooperation.
By Wang Cong, Yang Ruoyu in Bali and Shen Weiduo in Beijing | 2022/11/14 21:30:31
Huawei's self-developed operating system becoming 'mature'
Chinese telecommunications firm Huawei is now eying a bigger "Harmony World" as its self-developed HarmonyOS has gradually "developed into a mature ecological base" after four years of development, company chairman Yu Chengdong said on Friday.
By Shen Weiduo in Dongguan | 2022/11/4 22:43:50
China's economic indicators beat forecast in August, 'hard-won' result indicating strong resilience, stimulus works: observers
China's economic indicators beat forecast in August, withstanding the coronavirus, heatwaves and headwinds as recovery gains momentum
By Shen Weiduo | 2022/9/16 11:39:10
How China develops solar energy to turn Kubuqi Desert into an oasis?
Strolling around the Junma Solar Power Station located in the Kubuqi Desert in Ordos, North China's Inner Mongolia Autonomous Region, it's hard for visitors to imagine that the area, now covered with blue solar panels and green vegetation, was once being totally barren and called the "sea of death".
By By Shen Weiduo in Ordos | 2022/9/4 20:31:09
Chinese shipyards withstand severe challenges in H1; nation's demand for commodities to support industry over next half: top shipbuilder
Boarding the giant 300-meter long, 300,000-ton very large crude carrier (VLCC)docking at a bay in Northeast China's Dalian city, with machines humming, steels piling up across the 7.74 million square-meter production base, visitors can easily catch a glimpse of the shipbuilding prowess of the world's largest manufacturing hub in the busy scene.
By Shen Weiduo | 2022/8/2 19:21:18
Global investors to hike holdings of Chinese assets in H2: Standard Chartered
Global investors will increase their holdings of Chinese assets in the second half of 2022, as the world's second-largest economy is expected to recover from challenges, backed by support policies from the government – a trend that will go against the headwinds of a global slowdown, an economist from Standard Chartered said on Wednesday.
Exclusive: Reports claiming 'China building military base' in PNG baseless, hype with ulterior motives: Chinese Embassy
The Chinese Embassy in Papua New Guinea has strongly refuted media reports claiming China's cooperation with PNG in the Ihu Special Economic Zone is aimed at building a military base, saying the report was "completely baseless and hype with ulterior motives."
By Shen Weiduo | 2022/7/11 7:17:14
China to adopt new rules for cross-border data transfer in Sep to ensure security, guide firms
China will start to implement a set of regulations on security assessment of cross-border data transfers in September, the country's top cyberspace regulator announced on Thursday, as the country beefs up efforts to establish a data security protective screen against potential risks.
By Xie Jun and Shen Weiduo | 2022/7/7 21:52:20
After 25 years, Hong Kong's future lies in the national development blueprint more than ever
On July 1, the bustling Victoria Harbor will be illuminated with glittering lights, decorating every corner of the metropolis. Across the port stands Hong Kong's iconic modern skyscraper international financial center, where market trading operates 24/7. Looking down from the Lion Rock Hill, the Sham Chun River, which borders Shenzhen on the mainland, is flowing, and Hongkongers are in a joyful mood to mark a special day with eager anticipation for a brighter future.
By Li Xuanmin and Shen Weiduo | 2022/6/30 19:29:48
China plays significant role in global rail supply chain: Wabtec China
China will remain a strategically important market for Wabtec, which has "absolutely no plans" of moving out, a representative from the US company said, noting that the firm has full confidence in the nation, while also seeing mass opportunities brought by the China-proposed Belt and Road Initiative (BRI).
Fair market, favorable policies sharpen China's edge as major global investment hub: multinationals
A predictable environment, tax cuts, simplified procedures and even a green channel for children to go to school, among other favorable and preferential policies, are the ways that China attracts global giants and how it has remained one of the top spots for investors in recent years, multinationals from Japan, Europe and the US told the Global Times at a major summit held in Qingdao, East China's Shandong Province on Tuesday.
By Xing Xiaojing in Qingdao and Shen Weiduo in Beijing | 2022/6/21 21:18:12
Multinationals keep expanding in Chinese market with nearly 100 projects signed at summit
China remains a strong force in global supply chains, despite temporary COVID-19 disruptions, intensified China-US competition and a reconstruction of the global division of labor, multinationals and industry representatives said at a major multinational summit on Monday.
By Shen Weiduo in Beijing and Xing Xiaojing in Qingdao | 2022/6/20 23:30:29
US seeks dialogue with China to ease inflation pressure, 'lifting additional tariffs is not a gift for bargaining'
As the US is facing the most serious inflation challenge in 40 years and extremely heavy economic pressure, it seems like Washington is looking to China for some hope, as US President Joe Biden recently told media he is seeking dialogue with China's top leader and is in the process of making his mind up on the tariff issue.
By Yang Sheng and Shen Weiduo | 2022/6/20 0:24:14
China offers important lesson in ensuring food security: WFP official
China's efforts in ensuring food security for its citizens and lessons in agricultural production and protection of the most vulnerable people are really important for other countries in Asia, an official from the United Nations World Food Programme (WFP) told the Global Times on Thursday, while warning that a food crisis in Sri Lanka may expand to more countries in the region.
Strengthening China-PNG ties won't be affected by external disruptions: Chinese envoy
In recent years, cooperation between China and Papua New Guinea (PNG) has seen rapid progress, especially after the South Pacific island nation became the first in the region to sign a MOU on the construction of the Belt and Road Initiative (BRI) with China. As Chinese State Councilor and Foreign Minister Wang Yi is visiting regional countries, including PNG, China's Ambassador to PNG Zeng Fanhua (Zeng) shared his views on the current China-PNG ties, future prospects for cooperation and external meddling with Global Times (GT) reporter Shen Weiduo.
Coconut farming bridges China-South Pacific friendship, 'most effective way' to improve local people's lives
For the vast South Pacific countries with abundant tropical resources but lack talent and technology to leverage these resources, external support in the sector is the most efficient way for nations in the region to see timely economic benefits - an effort China has been engaging for years and is now becoming one of pillars for cooperation with some nations in the region.
By Shen Weiduo and Li Xuanmin | 2022/5/27 19:30:55
Virus-hit Shanghai reports GDP growth of 3.1% in Q1, situation 'not promising' in Q2: analyst
Shanghai reported 3.1 percent GDP growth in the first quarter of the year, a sharp decline from 17.6 percent last year, and also slower than the country's average of 4.8 percent as the coronavirus impact exerted pressure on the financial hub, and a leading growth engine of the world's second-largest economy, starting March.
By Shen Weiduo and Xiong Xinyi | 2022/4/23 22:17:25
China able to adapt to US Fed policy changes, yuan to maintain at stable level despite recent volatility: forex official
China is capable of adapting to policy changes from the US Federal Reserve, and the Chinese currency will also maintain at a stable level despite recent volatility, an official from China's foreign exchange regulator said on Friday.
US firms worry about 'rising tensions'
Many US businesses in China have reported rising bilateral tensions between China and the US as a top challenge, even as they remain confident in profit growth in China, calling on Washington to drop aggressive rhetoric and tit-for-tat actions and pursue communication, according to a survey published by the main US businesses group in China on Tuesday.
How China's 5G technology empowers Beijing Winter Olympics
From broadcasting services and real-time weather forecasts, to timing and scoring during events, as well as transportation and medical services, China's 5G technology has been adopted in numerous aspects of the ongoing Beijing 2022 Winter Olympic Games, which is said to be the first ever Winter Olympics with full 5G coverage.
By Shen Weiduo and Zhang Hongpei | 2022/2/9 19:55:05
US' trade with China surges 28.7% in 2021, but widening deficit proves tariffs 'a failure'
Trade between China and the US soared by 28.7 percent year-on-year in US dollar terms in 2021, amounting to a staggering number of $755.6 billion, and US trade deficit with China further widened, Chinese customs data showed on Friday, maintaining strong growth momentum even with additional tariffs in place and bruising political tensions casting shadows on bilateral ties.
By Shen Weiduo and Chu Daye | 2022/1/14 10:02:14
Canadian trade representative rebuts poll, emphasizes importance of bilateral trade
"Do not fall victim to this sensitive political environment," a Canadian trade representative in China said on Tuesday, slamming a poll conducted in November that suggested that three in five Canadians believe the country should reduce its reliance on China for trade.
By Fan Anqi and Shen Weiduo | 2022/1/11 22:04:26
Huawei raises 4b yuan through 3-year notes in another self-rescue effort
Chinese telecom giant Huawei is taking actions ranging from issuing debts to a management overhaul, as the company continues to cope with lingering challenges such as the US' crackdown and the ongoing COVID-19 pandemic.
What's next for China-US after phase-one trade deal?
Nearly two years ago in January 2020, China signed what is termed "phase-one" agreement with the US in the hope of ending the 22-month-old US-initiated trade deadlock, defusing a costly trade war, giving relief to businesses and reassuring the global economy.
Huawei launches series of new products, with HarmonyOS embedded in 220 million devices
China's tech giant Huawei, under a US crackdown for more than two years, launched new products ranging from smartphones, watches, smart eyewear and laptops to the HarmonyOS Smart Cockpit during a high-profile event in Shenzhen, Guangdong Province on Thursday.
By Shen Weiduo in Shenzhen | 2021/12/23 21:26:31
Twenty years on, China's WTO accession puts the world in the fast lane
On December 11, 2001, China welcomed a watershed moment, becoming a member of the World Trade Organization (WTO), marking its firm determination to further intertwine into the global economy with concessions and commitment made after rare but tough 15-year negotiations.
Chinese customs didn't remove Lithuanian goods as claimed, but risks persist: sources
Chinese customs and other sources told the Global Times on Wednesday that Lithuanian products had never been removed from China's customs list as claimed by some companies from the Baltic country. But industry insiders warned of potential risks posed by Lithuania's provocation against China.
By Shen Weiduo and Tao Mingyang | 2021/12/8 21:18:40
Canadian ambassador to China resigns amid growing US pressure, criticism for his stance of developing positive China ties
Canadian Ambassador to China Dominic Barton's resignation was seen by Chinese observers as coming amid growing domestic criticism for his stand of developing positive ties with China and pressure from the US, and observers said that the premise for improving China-Canada ties was that Canada abandons its political bias against China and drops any potential thought of following the US' "diplomatic boycott" of the Beijing Winter Olympics.
By Zhang Hui and Shen Weiduo | 2021/12/7 22:33:39
China to buy $150b worth of agricultural goods from ASEAN, in efforts to boost ties
President Xi Jinping announced on Monday several major initiatives to boost economic cooperation between China and the Association of Southeast Asian Nations (ASEAN), including striving to import $150 billion worth of agricultural products from ASEAN countries over the next five years, offering additional financial assistance to the bloc's economic recovery and anti-epidemic efforts, as well as providing advanced technology.
Xi, Biden begin virtual meeting amid US' softening rhetoric on possible tariff removal
Chinese President Xi Jinping and US President Joe Biden have started a virtual meeting on Tuesday morning, where senior economic officials from both sides are also attending, suggesting that trade and economic topics will likely be covered at the closely watched meeting.
By Li Xuanmin and Shen Weiduo | 2021/11/16 9:17:35
Washington eases stance on trade ahead of Xi-Biden talks
Ahead of a virtual meeting between Chinese and US top leaders, some senior US officials hinted at lifting tariffs in resolving the trade dispute between the world's two largest economies.
By Chen Qingqing and Shen Weiduo | 2021/11/15 21:30:13
GT Exclusive: Canadian envoy says 'major issue' resolved in China-Canada ties with Meng's release, but China thinks more needs to be done
Chinese analysts on Thursday cautioned that the US may continue to pose uncertainties and risks to China-Canada bilateral ties, and they called on Ottawa to refrain from blindly following Washington in its attempt to contain China, as Chinese and Canadian officials seek to improve bilateral ties after the biggest hurdle has been removed with Huawei executive Meng Wanzhou's return to China.
By Shen Weiduo and Zhang Hongpei | 2021/10/28 20:23:40
GT Exclusive: 'Major issue' resolved in China-Canada ties with Meng's release: Canadian envoy
Chinese and Canadian officials on Wednesday struck a rare positive tone on the prospect of the bilateral relationship after nearly three years of diplomatic tension, saying that the biggest hurdle for bilateral ties has been removed after the safe return of Meng Wanzhou to China several weeks ago.
By Shen Weiduo | 2021/10/28 0:55:08
News analysis: Huawei forges ahead in new direction as forced transformation takes shape
"Black technology," brainstorming lectures, programming labs, free drinks and snacks, decorative balloons, and music festivals... the 2021 Huawei Developer Conference (HDC), also its biggest event each year held in the warm southern city of Dongguan over the weekend, makes it hard for me to imagine that the company is still struggling and suffering major setbacks under US sanctions.
Huawei launches updated HarmonyOS 3.0, on fast track to shake off US ban
Chinese telecommunications giant Huawei launched an updated version of its self-developed operating system (OS), the HarmonyOS 3.0 for developers on Friday, putting the firm on the fast track to shake off reliance on Google's Android, while also paving the way of recovering from a hobbled handset business amid US sanctions.
By Shen Weiduo and Zhao Juecheng in Dongguan | 2021/10/22 17:04:24
'If faith has a color, it must be China red': Patriotism prevails as Meng Wanzhou arrives on home soil
Huawei's chief financial officer Meng Wanzhou arrived at the Shenzhen Baoan Airport Saturday night after a 13-hour flight from Vancouver after she was freed by the US and Canadian authorities that found her not guilty, with no punishment in fraud charges.
By Chen Qingqing and Shen Weiduo | 2021/9/25 21:55:42
Major progress for China's diplomacy as US heeds call from Chinese request list to release Meng Wanzhou
When many Chinese woke up Saturday morning surprisingly learning that the return of Huawei's Meng Wanzhou to China became a reality, some said it was the best news in quite a while.
By Chen Qingqing, Shen Weiduo and Cao Siqi | 2021/9/25 21:10:25
Chinese people eagerly wait for Meng Wanzhou's return; related topics top social media charts
Huawei's Meng Wanzhou reached a landmark deal with the US Justice Department on Friday that will allow her to return to China, under which the senior executive of the Chinese company has not pleaded guilty. It marks the end of Meng's nearly three-year detention in Canada, and may help ease the frozen China-Canada tie and frictions between China and the US, experts said.
By Chen Qingqing and Shen Weiduo | 2021/9/25 7:28:38
Huawei to focus on HarmonyOS, openEuler same time, transforming amid chip ban 'painful': executive
Huawei will focus on the two operating systems, namely the HarmonyOS and openEuler at the same time, both will be open source, in an effort to solve the domestic stranglehold problem of lacking its own operating system in basic technology, Huawei's rotating chairman Eric Xu Zhijun told reporters at a roundtable interview on Friday.
Current COVID-19 test kits still accurate to mutant strains: Chinese producers
The COVID-19 test kits produced by major Chinese manufacturers still have high accuracy in detecting mutant strains, several producers said, in response to rising public concerns that whether the mutant strains such as Delta will affect reliability.
By Zhao Juecheng and Shen Weiduo | 2021/9/15 13:13:09
First China-Russia highway bridge ready for operation: MOFCOM
The Blagoveshchensk-Heihe highway bridge, the first highway bridge connecting China and Russia across the Heilongjiang River, is ready to open to traffic, China's Ministry of Commerce (MOFCOM) said on Thursday, marking the completion of another key cross-border infrastructure project that could pave the way for a closer economic bond between the two countries.
By Shen Weiduo and Ma Jingjing | 2021/9/9 19:58:40
Vice premier Liu He vows unwavering support for private sector
Chinese Vice Premier Liu He on Monday vowed unchanged and firm support to the country's private sector, a sign from the top of reassurance to businesses, clarified misinterpretations, and also fought back at foreign smearing of China's tightened regulatory measures over a range of sectors.
By Shen Weiduo and Li Qiaoyi | 2021/9/6 21:49:28
1,000 days on, detention of Meng Wanzhou overshadows China-Canada ties
As August 26 marks the 1,000th day since Chinese citizen Meng Wanzhou was arbitrarily and illegally detained by Canadian government at the request of the US government, Chinese diplomats and experts once again urged the Trudeau administration to quickly correct its mistake of serving as Washington's willing accomplice that has dragged China-Canada relations to freezing point and cast a shadow over future prospects not only in politics but also in trade and business.
How China achieves, sustains victory in fight against extreme poverty, toward common prosperity under CPC
On July 1, China declared that it has reached its first centenary development goal - building a moderately prosperous society, or xiaokang, in all respects and is marching in confident strides toward the second centennial goal of building the nation into a great modern socialist country. To decipher what that means in the context of where China is now and where it's heading, the Global Times is publishing a series of multimedia products about the achievements under the xiaokang goal in various aspects. This piece focuses on how the Communist Party of China [CPC] led the entire Chinese nation to a victory in the battle against extreme poverty, how it strives to sustain such a hard-fought achievement, and where it's headed next.
By Wang Cong and Shen Weiduo | 2021/8/19 20:26:52
Canadian judge unusually questions validity of US' claim for extradition of Huawei's Meng Wanzhou as legal battle enters final stage
As the case of Huawei's Meng Wanzhou enters its final stage after two years of legal wrangling, a Canadian judge on Thursday appeared skeptical of the arguments made by prosecutors, questioning the validity of the case by the US against Meng, a court hearing note acquired by the Global Times showed.
Post-Merkel China-Germany economic ties in focus, 5G to be key testing ground
As veteran German leader Angela Merkel plans to step down in a few weeks, the future of the massive China-Germany economic and trade relationship could enter a period of uncertainty with very different views and rhetoric coming out from German politicians about the direction of Berlin's China policies.
Exclusive: US consulate pressures firms to leave HK in fresh attempt to sow chaos in the city
After issuing a warning to US firms over the "risks" of doing business in the Hong Kong Special Administrative Region (HKSAR), the US government has taken a step further and sought to pressure businesses to leave the city, in a fresh attempt to sow chaos in the city and interfere in China's internal affairs, a source close to the matter told the Global Times on Monday.
By Shen Weiduo and Zhao Juecheng | 2021/8/10 0:14:59
China's exports to B&R countries show robust growth despite COVID-19 challenge
China's exports to countries participating in the Belt and Road Initiative (B&R) have surged by 25.3 percent on a yearly basis in the first seven months this year, as Chinese experts praised trade with the B&R Initiative regions as a "stabilizer" of China's trade exchanges despite external challenges including the coronavirus.
Ericsson's setback in China linked to Sweden's crackdown on Chinese firms: source
Swedish telecom behemoth Ericsson scored poorly in a recent 5G radio tender in China, which is linked to the Swedish government's arbitrary crackdown on Huawei and other Chinese firms, according to a source familiar with the matter.
By Li Qiaoyi and Shen Weiduo | 2021/7/22 22:40:48
Huawei says Google's new AAB format won't hamper HarmonyOS progress
Chinese telecommunications firm Huawei told the Global Times on Sunday that Google's switch to the AAB format, also known as Android App Bundles, will neither affect the experience of HarmonyOS users nor slow the development of the OS as some media reports have speculated.
Exclusive: China's gene giant says prenatal test not developed in partnership with military, saying Reuters' report 'factually incorrect'
A leading Chinese gene company BGI Group told the Global Times on Thursday that it has never provided data from its non-invasive prenatal test (NIPT) to Chinese authorities and the prenatal tests were not developed in partnership with China's military and it strictly adheres to national and international requirements on data privacy. The company was responding to Reuters' report which it calls "factually incorrect."
By Xu Keyue and Shen Weiduo | 2021/7/8 18:14:44
China's AI sector rushes for new chips with all-out efforts to counter US ban
As investment pours into the cash-burning chip sector amid China's all-out efforts to become independent and counter the US threat, domestic semiconductor companies that specialize in artificial intelligence (AI) are among the first to see major progress.
By Qi Xijia in Shanghai and Shen Weiduo in Beijing | 2021/7/7 22:14:11
China's push to vaccinate its nationals abroad helps local economies
China's overseas vaccine program, known as the "spring sprout" program, that aims to ensure its nationals across the globe receive vaccines timely, is also supporting China-assisted projects and Chinese firms' operations abroad, some business representatives told the Global Times.
By Shen Weiduo and Chu Daye | 2021/7/4 21:03:39
Swedish court ruling on Huawei 'politicized', placing Ericsson in peril: analyst
Swedish court has on Tuesday decided to uphold a ban on Huawei selling 5G network equipment in the country; the move, a purely politicized decision without any facts and evidence base, will not only delay global 5G progress as Huawei is a major contributor, but may also put the fate of Ericsson in danger, analysts said.
By Shen Weiduo and Chen Qingqing | 2021/6/23 12:52:28
Honor 50 series handset powered with Qualcomm chips launched in Shanghai
Honor, the smartphone brand sold by Huawei after the US imposed a chip ban last year, officially launched its 50 series on Wednesday. The premium smartphone line is also its first phone series powered by Qualcomm's new Snapdragon 778G 5G chip.
By Zhao Juecheng in Shanghai and Shen Weiduo in Beijing | 2021/6/16 22:59:05
China maintains 'artificial sun' at 120 million Celsius for over 100 seconds, setting new world record
Chinese scientists have set a new world record of achieving a plasma temperature of 120 million degrees Celsius for a period of 101 seconds in the latest experiment on Friday, a key step toward the test running of a fusion reactor.
By Yang Kunyi and Shen Weiduo | 2021/5/28 17:20:37
Self-reliance among Chinese high-tech firms speeds up amid volatile China-US ties
While the US is racking its brain to rally against China and cracking down on China's tech rise, Chinese high-tech firms are now reaching a "silent consensus" and speeding up efforts to break reliance on the country, and drive localization efforts along the industrial chain from chips, operating system and supercomputers to robots.
By Shen Weiduo and Ni Hao in Tianjin | 2021/5/21 23:13:39
China eyes intelligent manufacturing amid external risks
From dancing robots and 5G appliances, to solutions for smart factories and logistics, "intelligent transformation" was the key word during the ongoing fifth World Intelligence Congress (WIC) in North China's Tianjin Municipality on Thursday.
China's semiconductor IP sector accelerates drive for self-reliance
The semiconductor intellectual property (IP) sector in China is growing rapidly by the day, with tens of thousands of chip design companies striving for self-reliance amid an ever-escalating China-US tech rivalry and lingering US crackdown. But they still face challenges, including the lack of top talent, analysts say.
By Zhang Dan and Shen Weiduo | 2021/5/19 22:29:58
China's Shenzhen city greets bio-tech, a new growth lever
With two giant statues towering over the front door and a main building in the shape of terraces, the China National GeneBank (CNGB) is no doubt an iconic landmark in Shenzhen, the rising southern Chinese metropolis that's filled with skyscrapers and is ready to emerge as a new Oriental "silicon valley" in the eyes of many.
By Shen Weiduo and Zhang Ni in Shenzhen | 2021/5/16 17:03:39
Political factors aside, Ericsson can't compete with Huawei: analysts
Commenting on Huawei's exclusion from Sweden's 5G rollout and the fate of Ericsson in China, Chinese Ambassador to Sweden Gui Congyou urged Sweden to stop politicizing Huawei's 5G equipment and said that Ericsson's situation in China will be decided by the Chinese market and consumers.
Sales of Guangxi luosifen noodles surge after President Xi's 'thumbs-up'
Sales of luosifen rice noodles, a local specialty in South China's Guangxi Zhuang Autonomous Region, have skyrocketed across the country after Chinese President Xi Jinping praised the rapidly growing industry on Monday.
By Shen Weiduo and Tao Mingyang | 2021/4/27 21:19:33
China-US relationship likely to be competitive in many domains: Henry Paulson
The China-US relationship is likely to be competitive in many domains, which may mean some level of strategic decoupling, said Henry Paulson, former US treasury secretary, who made the comments on Tuesday at the China-US Entrepreneurs Symposium, a sideline event of the Boao Forum for Asia (BFA).
By Chi Jingyi and Shen Weiduo in Boao | 2021/4/21 17:03:39
Chinese COVID-19 vaccine producers mull technology transfer to tackle global vaccine inequities
Chinese COVID-19 vaccine producers such as Sinovac and CanSinoBIO are mulling technology transfers to other countries to help address the global vaccine inequity issue, company executives said at the 2021 Boao Forum for Asia (BFA) on Tuesday.
By Shen Weiduo in Boao and Leng Shumei in Beijing | 2021/4/20 22:23:39
Unified legal, tax systems called for GBA
Institutional reform is crucial for the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), with unified laws, tax policies and free exchanges of people and goods, city heads and experts said at a discussion panel about the GBA's development at the Boao Forum for Asia.
RCEP faces challenges as comprehensive China-US competition takes shape: experts at Boao forum
The Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal signed by China and 14 other economies in November 2020, is facing challenges as comprehensive China-US competition has taken shape, officials and experts said at a seminar during the 2021 Boao Forum for Asia (BFA) on Monday.
By Shen Weiduo in Boao | 2021/4/19 23:13:40
Huawei bets more on cars as phone business declines
Chinese tech giant Huawei Technologies Co launched a series of intelligent car components and solutions including 4D imaging radar on Sunday, another foray into the vehicle sector that analysts said could help it offset the impact of the US' suppression of its mobile business – and perhaps also enable the company to rival industry giants like Tesla.
By Shen Weiduo and Liu Zhongyin | 2021/4/19 1:23:39
Boao Forum to further integrate Asian economies, boost global governance
The 2021 Boao Forum for Asia (BFA) kicked off in Boao, a coastal resort in South China's Hainan Province on Sunday. In the post-COVID19 era, attendees' anticipation for the conference, also the first international forum comprising mostly offline conferences this year, includes not only helping Asian countries shore up confidence in accelerating economic growth, but also taking it as an international exchange forum that has a global impact.
By Shen Weiduo and Chi Jingyi in Boao | 2021/4/18 22:28:05
China's Q1 foreign trade gets off a robust start, Jan-Mar GDP expected to hit 18%
China's foreign trade volume surged by 29.2 percent year-on-year to reach 8.47 trillion yuan ($1.29 trillion) in the first quarter of 2021, getting off a robust start for the year despite the world is still grappling with the cloud of a global coronavirus outbreak resurgence.
Huawei's revenue and profits grow in 2020, but test goes on with US chip ban
Chinese technology giant Huawei said its revenue and net profits both grew in 2020 and met targets, despite losses inflicted by the US government's blacklisting on its traditionally strong businesses.
By Shen Weiduo and Zhao Juecheng in Shenzhen | 2021/3/31 20:18:40
Solar parks turn desert to 'ocean' in Ningxia, boot China's final push to alleviate poverty
Driving all the way to the east from city center of Yinchuan, capital city in Northwest China's Ningxia Hui Autonomous Region, on the eastern banks of the Yellow River, millions of midnight blue solar panels that stretch to the horizon would suddenly come into view on the slopes of gullies, like a blue ocean.
By Shen Weiduo in Yinchuan | 2021/3/24 20:39:11
US crackdown on Chinese firms dims hopes for future trade engagement
In a move apparently timed to strike a tough tone ahead of a key dialogue on Thursday, the US government took a couple of moves against Chinese telecommunication companies, continuing a Trump-era crackdown on Chinese firms that has drawn ire in Beijing.
Huawei to charge royalties to 5G smartphone makers
Huawei said on Tuesday that it will start to charge royalties to 5G smartphone makers using its patented 5G technology, which will provide a "reasonable percentage royalty rate" of the handset's selling price, with per unit royalty cap at $2.50.
By Shen Weiduo in Shenzhen | 2021/3/16 19:33:21
Premier addresses pressure on growth, job creation at press conference
Chinese Premier Li Keqiang on Thursday addressed a series of challenges in various areas of the country's economic and social development, including great uncertainties for growth, mounting pressure on employment and weaknesses in fundamental research, striking a sobering note over potential risks for the world's second-largest economy even as it remains on a world-leading robust recovery path.
By Wang Cong, Zhang Dan and Shen Weiduo | 2021/3/11 21:45:27
Biden inaction allows Trump's 'decoupling' to continue
Yet another Chinese company looked set to be kicked out of the New York Stock Exchange (NYSE) on Tuesday due to last-ditch efforts by then outgoing US President Donald Trump to push for a so-called China-US decoupling, as newly installed US President Joe Biden has made no effort to reverse those mutually destructive policies, dimming the prospect of even a certain degree of de-escalation in China-US ties which are at their lowest point in decades.
By Wang Cong, Shen Weiduo and Xiong Xinyi | 2021/3/9 22:15:14
Biden is not 'getting tougher' on China, will remain positive in China-US tie: AmCham China chairman
The Biden administration is not getting tougher on the bilateral relationship, while to the contrary, people can expect some more "normalized and more traditional measures of diplomacy," chairman of the American Chamber of Commerce in China (AmCham China) told the Global Times during an online press conference on Tuesday.
China vows to create 11m jobs in 2021, back at pre-epidemic level
China is planning to create 11 million jobs in 2021, a jump from the 9 million in 2020, which analysts said suggests that the country's job policy will steer toward the post-pandemic era as the COVID-19 situation in the world's second-largest economy is firmly contained.
Huawei launches new foldable MateX2 handset series amid chip shortage woes
Huawei launched the new foldable MateX2 handset series on Monday, continuing its ambition in the high-end phone segment, following reports that the Chinese technology company is in talks to sell its premium smartphone brands due to an extreme chip shortage.
Gene firm refutes accusations of ties to Chinese military
Chinese genomics firm BGI Group refuted Western media accusations that it has deep links to the Chinese military, as Chinese experts said it is malicious speculation and would do nothing more than hamper the US' domestic mass nucleic acid testing program as BGI is a major provider of COVID-19 testing kits.
By Leng Shumei and Shen Weiduo | 2021/2/1 0:08:39
Huawei denies media reports, says it has no plan to sell phone businesses
Huawei has no plans to sell its mobile phone business, the company told the Global Times on Monday, in response to media reports saying that Huawei is in talks to sell premium smartphone brands P and Mate series.
Honor resumes ties with chip suppliers, may grab Huawei's overseas shares
Honor released its new V40 smartphone series on Friday, its first new handset product after the budget phone brand was sold by parent firm Huawei in November last year amid the US' chip ban.
CPI rises 0.2% in December, up 2.5% for 2020: NBS
China's consumer price index (CPI), a main gauge of inflation, rose by 0.2 percent in December year-on-year, compared with November's 0.5-percent drop, and the full-year 2020 rise was 2.5 percent, according to data released by the National Bureau of Statistics (NBS) on Monday.
Spring Festival travel rush to scale down amid virus resurgence
As more Chinese provinces and cities have released tightened travel guidelines, some of which are intended to dissuade migrant workers from returning to their hometowns during the upcoming Spring Festival, industry insiders and experts expect that this year's chunyun travel rush, which is normally the world's largest human migration, will be affected by the current epidemic control measures, following the latest coronavirus resurgence in northern regions, and that it will weigh on the first-quarter economic performance.
By Chen Qingqing, Fan Anqi and Shen Weiduo | 2021/1/10 21:46:09
China's staple-food supply sufficient, seed issues still severe: analyst
China's agriculture ministry again stressed the importance of ensuring food security on Thursday, vowing to make ensuring grain production a top priority and a major political task in the next year.
Huawei launches new Smart Screen powered with updated version of HarmonyOS
Huawei launched a new variety of S-series Smart Screen, and a vehicle-mounted smart screen carrying the updated Harmony operating system (OS) on Monday, representing another major step towards building a complete ecosystem based on its own operating system.
By Shen Weiduo in Dongguan | 2020/12/21 18:48:39
'Victim complex' drives NATO to view China as a rival
North Atlantic Treaty Organization (NATO) foreign ministers will hold a virtual session on Wednesday, with the attendance of non-NATO colleagues, to address a rising China that has become a "full-spectrum systemic rival," for which analysts warned China to get prepared for possible coercion from the organization and its non-member partners although NATO's influence and relevance have been declining.
By Zhang Han, Liu Xuanzun and Shen Weiduo | 2020/12/2 21:07:07
Two years on, arrest of Huawei's Meng still tests Canada's political wisdom
Two years ago, nobody would imagine how the arrest of Huawei's chief executive officer Meng Wanzhou would change the course of relationship between Canada and China - one of its largest trading partners - putting Ottawa into an extremely difficult situation. It has ever since become a real test of political wisdom for Justin Trudeau, who was urged to take Canberra's predicament with China as a lesson, observers said.
Soybean imports from US surge in October
China's soybean imports from the US surged almost 200 percent year-on-year in October as the phase-one trade deal moved forward, experts said. The rise also reflected a lower base last year when the two countries were in the middle of an intense trade fight.
China proposes to lift world by taking responsibility in virus control, green growth
Chinese President Xi Jinping has attended a series of multilateral events in the last days, and put forward China's comprehensive solutions to global challenges, including approaches to fight COVID-19 pandemic, ways to facilitate global economic recovery, and methods to cap carbon emissions to protect the planet's environment.
By Shen Weiduo and Zhang Dan | 2020/11/23 20:53:40
Update: China backs developing-world debt relief
The G20 is expected to endorse a plan to extend a debt-servicing moratorium for poor and highly indebted economies in the developing world by six months to mid-2021, said a draft G20 communique, as the coronavirus pandemic has hit the most vulnerable nations in the world hardest.
By Zhang Dan and Shen Weiduo | 2020/11/22 21:23:33
China takes spotlight at APEC
China has taken the spotlight at one of the biggest diplomatic and economic platforms in the Asia-Pacific region, as Chinese President Xi Jinping used a keynote speech on Thursday to highlight China's "major strategic achievement" in fighting the COVID-19, and called on the region to choose openness over seclusion - all while the US, which has traditionally played a leadership role on such occasions, has remained noticeably silent amid a confluence of domestic crises.
By Wang Cong, Xie Jun and Shen Weiduo | 2020/11/19 19:48:40
Honor sell-off 'warning bell' to tech sector amid US political crackdown
It was a symbolic day when the Chinese tech giant Huawei Technologies – the world's second-largest smartphone vendor – finally decided to strip off its subsidiary phone brand Honor, which has greatly contributed to the development of Huawei's consumer business. This difficult decision was interpreted by Chinese industry insiders as intensified warning shot for the whole industry in face of US-initiated tech war.
Huawei spins off sub-brand Honor to survive US supplies ban
Huawei officially announced the divestment of smartphone sub-brand Honor on Tuesday, and although details such as the value of the sale haven't been revealed, industry insiders said the independent phone maker will largely maintain the structure and operations it had under Huawei.
By Shen Weiduo and Chen Qingqing | 2020/11/17 18:03:23
Huawei to soon announce plan to sell-off its Honor brand amid US pressure
Chinese tech giant Huawei Technologies will soon announce it will sell-off its sub brand Honor, considered a critical move in easing the impacts of the US' chipset ban and ensuring its sales as well as supply chain remain afloat, some analysts said.
RCEP can't mend China-Australia ties
The signing of the landmark Regional Comprehensive Economic Partnership (RCEP) can no doubt improve the trade environment between China and Australia, but it may not be enough to mend bilateral ties, which are at rock bottom with no sign of recovery, due to Canberra's irrational attacks on China and discriminatory measures against Chinese investment, analysts said.
Huawei 5G deployment has started overseas as 5G revenue continues to grow
Mass-scale 5G deployment in Huawei's major overseas target markets has already started, said Yang Chaobin, president of Huawei's 5G Product Line, on Friday when asked by the Global Times how the company's 5G overseas business is going, noting that its 5G revenue in overseas markets has maintained rapid growth despite coronavirus-related impacts.
By Shen Weiduo in Shanghai | 2020/11/13 17:13:40
China's import fair reports 2% rise in turnover
The third China International Import Expo (CIIE), the largest in-person global trade event amid the pandemic so far this year, ended in Shanghai on Tuesday with a turnover of $72.62 billion, an increase of 2.1 percent over last year's - proof of China's ability to fulfill its opening-up promise despite headwinds, and this remarkable result also injects confidence in global businesses still struggling from the pandemic's impact.
By Xie Jun and Qi Xijia in Shanghai, Shen Weiduo in Beijing | 2020/11/10 21:13:40
Lam may seek help from central govt on LegCo chaos, education policymaking
The Hong Kong Special Administrative Region (HKSAR) may seek the central government's support in strengthening its finances and transport between Hong Kong and the Chinese mainland when the global financial hub's economy was battered by social unrest and then by the coronavirus, Chinese analysts said on HKSAR Chief Executive Carrie Lam's ongoing mainland visit from Tuesday to Saturday.
By Zhang Hui and Shen Weiduo | 2020/11/4 0:37:33
Xi to announce achieving moderately prosperous society in H1 of 2021
The Communist Party of China (CPC) Central Committee released Tuesday the full text of proposals for mapping out a blueprint for China's development in the next 15 years, on which the top leader said the CPC Central Committee will announce the achievement of building of a moderately prosperous society in all respects after a systematic assessment and review in the first half of 2021.
By Leng Shumei and Shen Weiduo | 2020/11/4 0:03:40
First ever commercial US grown rice unloaded in China
The first commercially grown US rice has been unloaded at China's ports despite disruptions caused by the COVID-19 pandemic, as well as the fraying of China-US ties, signifying the determination of Beijing to implement the phase one trade deal and the key role that interdependent trade ties have been playing as a stabilizer, experts said.
By Zhang Hongpei and Shen Weiduo | 2020/10/28 20:03:42
Shoppers shift to local brands for Double 11, citing patriotism
About 66 percent of Chinese consumers will buy domestic brands during the upcoming Singles' Day online shopping festival starting November 11, and the majority of them cite "patriotism" as a primary reason, a survey from AlixPartners, a global consulting firm, showed on Wednesday.
China's GDP expected to grow 5%, 7% in last two quarters
When a sudden coronavirus outbreak almost halted the Chinese economy late January, few people expected the "normal day" could come so soon. China's GDP is estimated to grow above 5 percent in the third quarter of the year, and a much faster pace in the fourth quarter. It's a sign that the world's second-largest economy is further back on track while others were still in trouble, according to economists and agencies ahead of an official announcement on Monday of third quarter economic figures.
Xi charts Shenzhen's new mission
With a new blueprint laid out by Chinese President Xi Jinping, Shenzhen, the southern city that has been viewed as a paragon of China's economic miracle over the past 40 years, is now embarking on another historic mission - to lead the country's process of socialist modernization, build a new pattern to deepen reform, and expand opening-up on all fronts.
By Li Xuanmin in Shenzhen, Shen Weiduo and Liu Xin in Beijing | 2020/10/14 20:44:40
China to downplay GDP growth target in new five-year plan: economists
Ahead of a key meeting that will determine China's development path in the next five years, Chinese economists predicted that the country's policymakers will downplay the country's GDP growth target in its new economic plan, keeping it at a lower level of around 5 percent, or even scrap the specific target since the world's second-largest economy is set to drop the quantity-oriented growth model and focus on structural and quality optimization in the face of what could be the "toughest years" ahead.
Tourism boom in 'Golden Week' empowers China's economic recovery
As the pandemic situation still casts a shadow in many countries and regions around the world, China quietly welcomes its eight-day National Day holidays starting from Thursday. The country's tourism industry is more than thrilled to see what they believe could be the "busiest ever" holiday season since COVID-19 outbreak, as travelers in the world's largest outbound-travel source market all flocked back and may further empower China's consumption and economic rebound in the post-epidemic era.
China will prevent US TikTok 'takeover'
China will resolutely take actions to prevent TikTok and its technologies from falling into the US' hands to protect its national security and the interests of its enterprises, experts said on Sunday, as a hearing continues as of press time in the US over whether the US government's TikTok ban will be halted.
By Ma Jingjing and Shen Weiduo | 2020/9/28 0:33:40
Germany's Huawei stance can be example for EU countries: analysts
German Chancellor Angela Merkel's reported rejection of a full Huawei ban can serve as a demonstration for other EU countries in dealing with the Chinese tech giant, and it can also consolidate ties between China and Germany and pave the way for deeper cooperation, Chinese analysts said.
Huawei says 'Clean 5G' should not be defined by a single administration or some politicians
Huawei has yet to see any adverse impact on its global 5G business from the US "Clean Network" initiative, and hopes that the industry would introduce "rational standards" for 5G rather than defined by a single administration or politician, a senior executive from Huawei told the Global Times on Wednesday.
By Fan Lingzhi and Shen Weiduo in Shanghai | 2020/9/23 17:13:56
Huawei still seeks solution to mobile chip crisis: exec
Huawei has enough chip stock for its bases stations, including those for 5G base stations, while for mobile chips, it is still looking for ways, Guo Ping, Huawei's rotating chairman, said on Wednesday, adding that the firm, which has strong chip design capability, is also willing to help reliable chip manufacturing firms since "to help them is also to help itself."
By Shen Weiduo and Fan Lingzhi in Shanghai | 2020/9/23 15:48:40
Huawei says survival to be main task under US ban, vows to use all strength to empower industry partners
While some people are still wondering about the fate of Huawei, the Chinese tech giant which has been just cut from almost all chip supplies under a US chip ban effective from September 15, doesn't seem to be as worried as expected and has presented its next vision to the world – use all its technological strength to empower its partners in the industrial chain become stronger in the upcoming ICT era.
China's entity list may prompt chip firms to find ways to resume Huawei supply
US chipmaker Advanced Micro Devices Inc (AMD) has reportedly obtained a license from the US government to supply chips to Huawei, which may signal that Washington is easing restrictions on the Chinese tech giant and may issue licenses to more Huawei suppliers in the near future.
'Made in Wuhan' goes into full swing post pandemic
Wearing a mask, eating separately, checking your temperature, frequently using disinfectant and notices which read "epidemic-control is our responsibility" being posted here and there in the Lenovo's factory in Wuhan which employs more than 10,000 workers. Life in the capital city of Central China's Hubei Province, the hardest-hit city during the early COVID-19 outbreak in the country, is no longer the same.
By Shen Weiduo in Wuhan | 2020/9/12 21:20:15
Industrial chain empowers manufacturing sector to recover
By improving factory automation, coordinating global resources, using a complete local industrial chain, and organizing cargo charters to ensure shipments, Chinese manufacturers are keeping up with global demand when their counterparts in other parts of the world are still hampered by the pandemic.
By Shen Weiduo and Ni Hao in Hefei | 2020/9/3 21:19:24
Update: HSBC could face dead end for conspiring with US against Huawei
New evidence Huawei has provided to a Canadian court shows how HSBC, the London-headquartered multinational bank, conspired with the US Department of Justice to set a "political trap" for Huawei and gave false testimony to the court, documents unveiled on Friday showed.
US digital crackdown on China aimed at keeping tech hegemony
The US is seeking to further escalate its crackdown on Chinese technology companies, as a new report from a US senator called on the Trump administration to take further measures against China's technological rise, in what Chinese analysts call an attempt to abuse and preserve its global hegemony in the field of technology through bullying tactics.
India's 5G solution 'unlikely' homegrown: analysts
India's homegrown 5G solution, announced by the country's richest man, Mukesh Ambani, is unlikely to be entirely a domestic effort, Chinese telecom analysts said Monday.
By Chu Daye and Shen Weiduo | 2020/7/20 21:01:38
Huawei readies for 'war'; shift in overseas strategy expected: insider
China on Wednesday harshly criticized the UK's decision to ban Huawei from the UK's 5G development, painting London as an accomplice in the US' politically driven crackdown on the Chinese telecom giant based on fabricated "national security risks," and vowed to take "all necessary" measures to protect the legitimate interests and rights of Chinese businesses.
By Shen Weiduo and Wang Cong | 2020/7/15 20:40:01
Citizens chase 'bull run' in Chinese stock market
After lining up for two hours to register for an online stock account last week, Wang Liu, a Beijing-based white-collar worker, was more than thrilled to buy her first ever share. She chose to invest in a duty-free company whose share price has almost doubled since mid-June this year.
London's Huawei decision 'turning point' for China-UK ties: analyst
The UK's move to ban Huawei may further sour strained China-UK political ties, largely reduce personnel exchanges, and most likely prompt Beijing to take reciprocal measures against London's discriminatory policy, Chinese observers said.
By Shen Weiduo and Zhang Hongpei | 2020/7/14 19:56:09
UK's Huawei decision 'turning point' in its ties with China: analysts
The UK's decision over Huawei, which could take the form of a ban on the Chinese equipment maker's involvement in the country's 5G construction, could add a heavy burden to its struggling economy amid the pandemic and further strain bilateral political ties at a highly sensitive moment, Chinese observers said.
Beijing's latest COVID-19 outbreak caused by virus strain from Europe: Chinese CDC
Beijing's latest COVID-19 outbreak was caused by a virus strain from Europe, and transmitted through multiple exposure methods; for example, contaminated environments and goods, Chinese Center for Disease Control and Prevention (Chinese CDC) said on Friday.
Domestic semiconductor maker going public
Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC)'s fast-track listing and fundraising at Shanghai's Sci-Tech Innovation Board will not only accelerate the industry leader's research and development ability, but also mark the beginning of the fast development era of the country's semiconductors.
UK bluffs over Hong Kong
The UK, a country with massive untold interests in Hong Kong and wants to retain its colonial influence in the city as much as possible, is now acting tough against China's national security law for its Hong Kong Special Administrative Region (HKSAR). Chinese analysts said on Monday that the actions of the UK are more of a bluff since they can't harm China, but will only damage itself.
By Yang Sheng and Shen Weiduo | 2020/7/6 22:23:40
Salmon back on shelves, yet market recovery takes time
Some fresh salmon products are returning to the shelves after health authorities clarified that there is no evidence suggesting salmon is a direct host or intermediate carrier of the virus which causes COVID-19. However, insiders said that given public confidence in salmon products has taken a knock after the outbreak of the coronavirus at Xinfadi wholesale market in Beijing's Fengtai district, it will take at least another three months for the market to return to normal.
By Yin Yeping and Shen Weiduo | 2020/7/2 22:08:40
Caution over food imports to continue for a while: experts
A strict customs inspection over imported food products will continue for a while at China's ports as more cluster infection cases are emerging in food processing and packaging plants abroad.
By Shen Weiduo and Yin Yeping | 2020/7/2 18:38:41
Chip sector expands in first half despite COVID-19 pandemic
Sales of integrated circuits in Shanghai, one of the Chinese cities with the most complete and mature semiconductor industry chains, grew 38.7 percent year-on-year from January to May, a welcome jump amid the headwinds of the coronavirus, official data showed.
Canada to face consequences when China-US ties improve in the future
Tighter rules and stepped-up scrutiny of food imports are steps China is taking to curb a resurgence of COVID-19, rather than an excuse to target any specific country for a political reason as some Canadian exporters have claimed, Chinese experts said, urging exporters to respect the nation's rules if they want to make profits in China.
HSBC not innocent in 'betrayal' of Huawei
The US, which has abused the so-called long-arm jurisdiction power to arbitrarily crack down on any third party, such as Huawei, and forced others to be an "accomplice" during its hegemonic game, is increasingly becoming a major troublemaker for other countries and the world business order, sources said, adding that those who yield to the US, like HSBC, and unwisely choose sides also need to be blamed and should not claim innocence.
HSBC 'far from safe' amid controversial stances
Faced with growing controversy over the legal battle with Chinese technology giant Huawei and a lingering ambiguous attitude toward Hong Kong's national security law, multinational bank HSBC has been under tremendous pressure in recent days.
By Shen Weiduo and Chen Qingqing | 2020/6/9 21:53:58
Indians can hardly resist buying Chinese quality goods: analysts
The rise of anti-China sentiment in India is due to Indian nationalists' attempt to deliberately smear and defame China, Chinese analysts said, noting that calls to boycott Chinese products are likely to fail as these items, which have become pervasive in Indian daily life, are difficult to replace.
By Ma Jingjing and Shen Weiduo | 2020/6/7 21:08:40
Huawei's Meng likely to be freed if Canada has judicial independence: legal experts
Legal experts are cautiously optimistic toward a key ruling over Huawei Chief Financial Officer Meng Wanzhou's case set to be released on Wednesday, noting that Meng is "highly likely" to be freed from a purely legal perspective if Canada truly has the judicial system completely independent from any political influence, as it always boasts.
National support to accelerate semiconductor shift toward China amid US crackdown on Huawei: veteran analyst
Global semiconductor centers will accelerate their shift toward China, with top-down support for domestic firms and the urgent demand for self-reliance and de-Americanization of China's chip sector in the face of the US chip block on Huawei, industry insiders said.
China could set GDP growth target at 3% during Two Sessions
With the Two Sessions - a major event on China's political calendar -- opening next week in Beijing - what rate policymakers will pick for this year's GDP growth target, and whether they will set one at all, is drawing close scrutiny amid the global coronavirus pandemic that has put the world economy in the intensive care unit.
China to reopen theaters with preorders, limited number of visitors
The Chinese film industry, which has taken a big hit from the COVID-19 pandemic during the past four months, began to return to normal as the country on Friday announced a reopening of theaters in an orderly manner.
By Huang Ge and Shen Weiduo | 2020/5/8 23:12:38
Fresh tariff threat adds woes to US economy
While China, the world's second largest economy, has gradually returned to normal as the COVID-19 epidemic has subsided in the country and it has offered a helping hand to overseas markets by donating and exporting medical supplies to combat the pandemic, the Trump administration is wracking their brains seeking ways to redirect its own mismanagement of the coronavirus spread toward China as if things are not bad enough in the US.
By Zhang Hongpei and Shen Weiduo | 2020/5/7 22:48:40
Caution is needed for Chinese firms to make overseas aquisitions
Chinese companies are unlikely to hunt for acquisition deals overseas amid the ongoing COVID-19 pandemic, and they will be cautious about foreign investment as the outbreak has added difficulties to valuing target companies and assessing their businesses, industry insiders say.
Beijing's Xicheng district issues digital vouchers to boost spending
Beijing's Xicheng district will issue digital vouchers worth 150 million yuan ($21.2 million) in the three months starting from Wednesday, the first district in the Chinese capital to do so, in a bid to unleash local residents' pent-up demand and to speed up the recovery of an economy battered by COVID-19.
China-EU BIT can be achieved in phases: experts
Negotiations over the China-EU bilateral investment treaty (BIT) are back on track and are expected to move forward rapidly, as the common goal of economic restoration and mitigating the effect of an unreliable US government has drawn the two closer, experts said.
Consumer prices in China likely to further increase in March amid global coronavirus pandemic: analysts
Consumer prices in China have stayed high in recent months and further increases are likely because of the global coronavirus pandemic, possibly leading to stagflation amid downward pressure on the world's second-largest economy, experts warned.
Digital coupons stimulate China's consumption, boost economic recovery
More local authorities in China have been scaling up efforts to distribute digital vouchers in recent days, a move economists said could not only inject fresh momentum to the country's yet-to-recover offline businesses, but could also rapidly stimulate the consumption demand of local residents – who are still reluctant to spend outside, though the domestic virus situation has abated.
Xi's Zhejiang tour boosts companies' confidence
Nationwide efforts to restart the coronavirus-battered Chinese economy seem to have proceeded by fits and starts amid an explosion in confirmed cases in Europe and the US, with authorities and industry insiders voicing concerns over the plight of life services providers, exporters as well as small and micro businesses.
China to release more stimulus
China is set to roll out more stimulus to drive a slowing world economy after the G20 conference, where all countries vowed to coordinate in the face of the economic fallout from the COVID-19 pandemic, Chinese economists said.
Trump losing popularity due to COVID-19?
Orders for 2020 reelection flags and caps for US President Donald Trump have seen a huge decline in China's factories since March, a sign that he may be losing some popularity among US voters amid the COVID-19 health crisis - as trade records of Chinese exporters are believed by many to be an indicator of US elections.
By Xie Jun and Shen Weiduo | 2020/3/23 21:22:50
Nationwide business recovery unlikely before May: experts
Under the most optimistic scenario, China's economic activity will fully rebound in the second half of the year, as vigilance against imported coronavirus infections has complicated arrangements to get the economy quickly back in motion.
Coronavirus to cut cinema revenues by 50% in 2020: insider
Cinemas in China are seeing signs of reopening after being closed for almost two months amid the COVID-19 outbreak, but a limited film supply and the public's reluctance to attend movies before the virus vanishes might still halve the full-year revenue for the domestic box office.
By Chen Xi and Shen Weiduo | 2020/3/18 22:03:40
Keeping tariffs will seriously hurt US enterprises
Removing tariffs on Chinese products, which could save billions of dollars for US companies and households, could be a fast and efficient help to US industries and the economy amid rising COVID-19 cases in the country, analysts said, adding the US should adopt the measure as soon as possible - instead of playing the China card to divert Americans' attention from its inability to contain the virus.
Coronavirus outbreak in US may delay China's soybean purchase
China's massive purchases of US soybeans are likely to be put off to the second half of the year due to high US soybean prices and weakening demand in China resulting from the coronavirus outbreak. Based on the terms of the phase-one trade deal, China will buy $32 billion worth of agricultural products over two years.
Coronavirus in SK, Japan accelerates panel orders shift to China
Rising cases of COVID-19 in South Korea and Japan, significant manufacturing bases of the panel industry, are likely to accelerate the shift of global panel orders to China with the rise of leading companies such as BOE and TCL, which have maintained stable supplies despite the virus assault, industry insiders said.
Coronavirus spread in Italy may shortcut trade with China
The novel coronavirus which is spreading in Italy, may deliver a short-term blow to the bilateral trade with China, which experienced steady and growing momentum over the past year, industry insiders said.
China faces poultry shortages amid epidemic, prompting a rise in imports
The outbreak of COVID-19, which has battered China's poultry industry, might lead to a shortage of supply and prompt the country to gear up imports from countries including the US in 2020, industry insiders said.
Huawei pressing forward in Europe
Huawei announced a series of new 5G products and strategies through a virtual launch in Barcelona, Spain on Monday, expanding its footprint in Europe despite the novel coronavirus outbreak and mounting uncertainties caused by US government's relentless attack.
China's military manufacturing unlikely impacted by semiconductor ban: insiders
As 42 countries including the US are reportedly planning to restrict weapon-capable semiconductor parts exports in a move to prevent technologies from "leaking" to China, insiders said on Monday that the restriction will unlikely hinder development of China's military manufacturing, but will only further promote the country's independent efforts in the sector.
By Shen Weiduo and Liu Xuanzun | 2020/2/24 20:08:33
Foreign firms remain confident in Chinese market prospects despite virus fallout
China is likely to face a gloomy and complicated prospect in stabilizing foreign investment due to the novel coronavirus onslaught as many global companies in the Chinese market reported difficulties in restarting operations and facing an obstructed supply chain, Chinese officials and experts said Friday.
By Huang Ge and Shen Weiduo | 2020/2/21 19:53:40
China issues tariff exemptions for US imports
China on Friday released a list of tax-exempt goods from US imports which were slapped with tariffs in the trade war, paving the way for more purchases of US products amid the spread of COVID19, which reflects an interdependent trade relationship, analysts said.
By Shen Weiduo and Song Lin | 2020/2/21 19:43:40
China tourism sector partly resumes work
China's tourism industry, which has been hit hard by the outbreak of the novel coronavirus pneumonia, or COVID19, is cautiously resuming operations under the policy guidance of local authorities that are struggling to push the economy forward.
By Shen Weiduo and Huang Lanlan | 2020/2/21 14:28:05
Virus casts short-term shadow on Huawei's domestic industrial chain
German Chancellor Angela Merkel's ruling conservatives reached an agreement to stop a ban on Huawei, a milestone for the Chinese tech giant that not only rebuffed the US' call but would also lead other countries in the EU to soon follow suit, analysts said.
China-US BIT terms may be included in phase two trade talks: source
With thawing China-US trade relations after the signing of the phase-one trade deal, China is willing to promote a bilateral investment treaty (BIT) and may include some BIT terms into the phase two trade talks, a source close to the Chinese government said.
What's in phase one China-US trade deal?
China and the US are set to the long-awaited phase one trade deal on Wednesday (US time); the deal, which involves a nine-chapter text, has fully taken into account the concerns and interests of both countries, and it is expected to bring the world's two largest economies back on track to stable and sound development, experts close to the deal told the Global Times on Wednesday.
Huawei eyes cloud, AI business
Chinese technology giant Huawei is increasing its efforts to develop cloud computing and artificial intelligence (AI) to diversify its businesses amid a US clampdown, which has been continuously clouding its overseas expansion in the 5G sector.
By Shen Weiduo and Yang Kunyi | 2020/1/14 21:38:40
Will Chinese firms flock to buy US soybeans?
China's purchases of US crops used to be a big sticking point in the phase one trade deal negotiations, and while Chinese industry representatives anticipate that the deal might bring bilateral soybean trade back to normal, firms may not flock to buy US crops even if the deal is finalized next week.
By Shen Weiduo and Zhang Dan | 2020/1/9 21:03:40
China's CNPC 'has no plans' to recall staff from Iraq oil projects yet: source
China National Petroleum Corp (CNPC), one of the leading oil companies in the world, had no plans to pull staff from its oil projects in Iraq despite rising tensions in the region, a source close to the company told the Global Times on Wednesday.
By Wang Sheng and Shen Weiduo | 2020/1/8 19:01:37
Nation turning out greeting cards at the lowest prices
When the so-called "forced labor" rumor put made-in-China Christmas cards in the world spotlight, some may also wonder how much China, a country that does not have the Christmas tradition, has contributed to the world's Christmas card market, and whether there could be a Christmas without "made in China" products.
Greater Bay vision takes tangible shape
After almost a year's development, China's ambitious Guangdong-Hong Kong-Macao Greater Bay Area has been gradually taking shape and injecting fresh momentum to the two special administrative regions (SAR), industry observers said.
By Shen Weiduo in Beijing and Li Qiaoyi in Macao | 2019/12/18 21:23:40
China's industrial activity, consumption beat expectations in November
Led by strong industry activity and rising domestic consumption, China posted better-than-expected economic figures in November, a sign of recovery despite mounting downward pressure from domestic structural reforms and a slowdown in global economy.
By Shen Weiduo and Song Lin | 2019/12/16 19:13:41
Meeting charts economic course
In a bid to realize the goals of next year, the top priority is to maintain stable growth, keep macroeconomic policies stable and microeconomic policies flexible, and ensure social policies cover people's basic needs and welfare of the disadvantaged, according to the conference.
By Huang Ge and Shen Weiduo | 2019/12/13 0:33:39
China will surely hit Vision 2020 goals amid pressure
Facing external uncertainties and an industrial transformation, China is still able to achieve its set goal of "doubling GDP and per-capita income" in 2020 from 2010, with a strong GDP base built up by years of rapid development and the country's vast consumption potential, Chinese economists said on Sunday.
By Shen Weiduo | 2019/12/8 21:28:42
Trade war casts shadow on Black Friday business
Black Friday, which fell on November 29 this year, remains the busiest shopping day for US retailers. But while sales were up, there may be a mixed feeling, as the tariffs the US imposed on China have slashed their profits, and the long-discussed phase one deal poses more uncertainties on future sales.
China announces better-than-expected trade figures amid trade war with US
China released its October trade figures on Friday, with both imports and exports data showing signs of recovery and surpassing forecasts amid a global economic downturn and a long-standing China-US trade war.
Rise of corporate universities in China
It is evident that over past years, universities which were financed and set up by enterprises, also known as corporate universities, have been gaining momentum in China.
By Li Xuanmin and Shen Weiduo | 2019/11/4 19:13:40
App users' privacy gets heightened protection
China released an updated app regulation on Thursday that calls on developers to avoid forcing users to reveal their personal data, part of an effort to protect mobile users' privacy as app use soars.
Huawei releases 5G foldable Mate X
Huawei released its 5G foldable Mate X in Shenzhen, South China's Guangdong Province on Wednesday.
Enduring partnership
Chinese companies help Nepal prosper with much-needed infrastructure projects
By Shen Weiduo in Kathmandu | 2019/10/16 18:08:40
China-assisted Pokhara airport takes shape
The Pokhara Regional International Airport, a major undertaking of the Belt and Road Initiative that is under construction, will propel Nepal's tourism development and bring more income for South Asian countries, a project manager said.
President Xi arrives in Nepal, opening a new era in bilateral ties
China, Nepal agreed on Saturday to upgrade their relations to a strategic partnership of cooperation featuring ever-lasting friendship for development and prosperity, hereby lifting the two countries' relationship to a new height, according to a report from the Xinhua News Agency.
Kathmandu all set for President Xi's visit
Nepalese people and officials are prepared and thrilled for the upcoming visit by Chinese President Xi Jinping, and hope the visit starting Saturday will lift bilateral ties and enhance exchanges in infrastructure, tourism and culture.
China-assisted Pokhara airport to increase tourism potential, economic benefits for Nepal
The Pokhara Regional International Airport is the largest China-assisted project in Nepal and a major undertaking of the China-proposed Belt and Road Initiative. It is set to bring job opportunities and economic prosperity to local people, and, more importantly, will have an "instant effect" on Pokhara's tourism once it's completed, a project manager told the Global Times on Thursday.
Guidelines draw HK start-ups to Shenzhen
The fast-rising technology hub of Shenzhen, South China's Guangdong Province, will attract more young entrepreneurs from the Hong Kong Special Administrative Region (HKSAR) under a central government plan to make the city a demonstration area of socialism with Chinese characteristics, Hong Kong entrepreneurs who do business in Shenzhen told the Global Times.
By Shen Weiduo and Li Xuanmin in Shenzhen | 2019/8/29 20:13:42
Shenzhen is set to become a popular destination for Hong Kong youths under new guidelines
Shenzhen, a rising tech hub in South China, is set to attract more young entrepreneurs from the Hong Kong Special Administrative Region (SAR) under a new document released by China's central government that aims to build the city into a pilot demonstration area of socialism with Chinese characteristics, Hong Kong entrepreneurs who have started businesses in the city told the Global Times.
Shenzhen takes lead in cryptocurrency
Shenzhen, South China's Guangdong Province, could be the first pilot city in China to launch a national digital currency, following the central government's plan to work out a cryptocurrency in the metropolis, nicknamed "China's Silicon Valley."
By Li Xuanmin and Shen Weiduo in Shenzhen | 2019/8/28 14:10:18
Will Shenzhen rival HK as finance hub?
The integration of the financial markets in Shenzhen, South China's Guangdong Province, with those of the Hong Kong Special Administrative Region (HKSAR), under a master plan recently issued by the central government, will cement the latter's role as an international financial hub while also spurring innovation of the former's financial markets, local industry players said.
Huawei defies US ban again, launches new AI chip
Chinese telecom giant Huawei on Friday again showed its defiance in the face of what is widely believed to be a politically motivated crackdown by the US government, as it released what it claims to be the world's most powerful artificial intelligence (AI) chip and laid out its ambitious roadmap in the critical sector.
By Shen Weiduo in Shenzhen and Wang Cong in Beijing | 2019/8/23 15:44:33
Indian drugmakers eyeing Chinese market
Indian drugmakers, who came to the Chinese public's attention after the release of China's record-breaking film Dying to Survive last year, have been striving to make their foray into the world's second-largest economy at a faster-than-expected speed.
Cathay Pacific CEO resigns amid riots
The resignation of two senior executives of Cathay Pacific Airways might not help the Hong Kong-based airline win back Chinese consumers who persisted with their boycott and demanded that it severely punish its radical employees.
By Zhang Hui and Shen Weiduo | 2019/8/16 21:48:40
Nationwide 5G commercialization a step closer as Huawei's 5G phone hits stores
The Huawei Mate 20 X (5G), developed by Chinese telecommunications giant Huawei and the only mobile phone in the world that supports both SA and NSA (two different 5G networks), officially hit stores on Friday, marking one step closer to the nationwide commercialization of the 5G network.
HSBC at a crossroads as Huawei issue remains, Hong Kong unrest continues
The shock exit of two high-level HSBC executives within a week, including its top executive and the head of key China business, has put the 150-year-old, London-based banking giant under public scrutiny and mounting speculations.
India-Pakistan trade suspension increases regional tension: experts
The suspension of bilateral trade between India and Pakistan could hurt businesses in both countries, but most importantly it will increase the tension in the region, experts warned on Thursday.
By Tu Lei and Shen Weiduo | 2019/8/8 21:23:40
Foreign coffee producers smell huge opportunities in China, but localization efforts needed
From Starbucks' ambitious plan of opening one new shop every 15 hours in the next three years in the Chinese mainland, to its rival Luckin's rapid expansion and IPO since it was founded in 2017, coffee is apparently taking off in China, the nation of tea drinkers.
Huawei reports strong H1 performance
Chinese technology giant Huawei Technologies reported an amazingly rosy financial performance for the first half year of 2019, despite facing harsh sanctions from the Trump administration to destroy the global 5G leader.
By Shen Weiduo in Shenzhen and Song Lin in Beijing | 2019/7/30 17:01:03
Cathay Pacific urged to clear stance on HK following trade union post
Industry analysts are urging Cathay Pacific, a Hong Kong carrier with UK background, to clarify its position and not to engage in political activities that violate the Basic Law of Hong Kong Special Administrative Region (HKSAR). The response came after a trade union representing its cabin crew said on Tuesday it is disappointed at the Hong Kong authority's handling of the extradition bill and is calling for a protest on Friday at Hong Kong International Airport.
By Shen Weiduo and Li Xuanmin | 2019/7/24 0:44:15
Provinces on stable growth track
Although their growth rates are slowing, the 18 provincial-level regions that had released first-half GDP data as of Sunday all presented a picture of economic resilience amid a complex external situation.
Huawei applies for license to make high-precision digital maps, heralds a move further into self-driving sector
Huawei, the Chinese technology giant caught amid the ongoing China-US trade war, has applied for a license to make high-precision digital maps, a move that an industry analyst said could drive up the company's efforts to develop and launch autonomous driving solutions and expand its business sphere.
Bay area enhancement plan released
Authorities in South China's Guangdong Province released two documents on Friday listing specific measures for the development of the Guangdong-Hong Kong-Macao Greater Bay Area, which shows that integration of the region will be further enhanced and pragmatic work has started.
By Chen Qingqing in Hong Kong and Shen Weiduo in Beijing | 2019/7/5 22:34:00
Agriculture ministry pledges firm support to Xinjiang, works to reduce poverty
Beijing will take "unconventional measures" and strengthen agricultural support to Northwest China's Xinjiang Uyghur Autonomous Region, especially poverty-stricken areas such as southern Xinjiang, in an effort to reduce poverty and promote local social stability and long-term stability in the region, according to a statement from the Ministry of Agriculture and Rural Affairs (MARA).
By Liu Xin in Urumqi and Shen Weiduo in Beijing | 2019/7/4 19:18:40
China gears up to use rare-earth advantage
A series of policies, including environmental enforcement and stricter export management aiming to regulate and upgrade the country's rare-earth industry, are expected to be rolled out soon, industry insiders said on Sunday, as China's top economic planner made a rare move by holding three meetings to solicit opinions from rare-earth industry regulators and businesses within just two days.
Chinese VCs bet on Africa
"Today's Africa is similar to China ten to 15 years ago – everything is booming and opportunities are everywhere," Hu Tangjun, partner at Gobi Partners China, a venture-capital (VC) firm in Shanghai, told the Global Times in a recent interview.


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