All three major production networks in the world - East Asia, North America and Europe - have encountered economic fallout from the deadly COVID-19. Regions more deeply involved in globalization with more complex technique requirements and closer international divisions of labor are being hit harder by the virus....More

Beijing. Both cargo and passenger transportation in China's aviation sector plunged over 60 percent year-on-year in April as the global COVID-19 pandemic continues to rage, though the decline narrowed with Chinese economic and social activities on a recovery trajectory, official data showed on Wednesday. The country's aviation industry...More

Argentina is near a new default of "its" debt. It is "its" debt because the debt cycles in Argentina - like in most of the developing countries - are always a complex process of facts in which injustice are most of the time the rule. In the enormous...More

The Trump administration's intent to unseat China as the mainstay of global supply chains may be just pie in the sky, observers said, noting that China ought to open its economy even further while driving indigenous innovation to propel growth. The Trump administration is pushing to rip global...More

As the coronavirus pandemic is seeing an accelerating situation in emerging markets, the third round of hits to the global economy is shaping up and emerging market economies will encounter tougher challenges. Although the spread of the COVID-19 has seen flattened curves in Europe and the US, with...More

Beijing. Li Xuying, a 20-something livestreaming sensation based in Zhashui, a small county deep in the Qinling Mountains in Northwest China's Shaanxi Province, has never imagined she would see 420,000 viewers from across the country rush into her livestream all at once and buy up her entire stock...More

Editor's Note: This is part II of a multi-part series of the Global Times' investigation into the severity of unemployment issues in China in the wake of the COVID-19 epidemic and the newspaper's response to claims of some foreign media that social unrest in China might be imminent. Just...More

As more encouraging signs emerge that the Chinese economy is on a steady path to recovery, expectation is also rising for the world's second-largest economy and biggest growth driver to play a larger role in helping revive the global economy, which is expected to see the worst crisis...More

Some Western countries are painting the Democratic People’s Republic of Korea as an isolated country without any development, describing it as “the most isolated and closed country” and a “totalitarian state” and stressing the “need to induce its change.” Is the DPRK really stagnant and isolated from the...More

Editor's Note: In the epic global struggle to recover from the coronavirus crisis, many observers agree that in China, unemployment has become the most pressing issue - more pressing than a historic 6.8 percent contraction in GDP - that needs to be dealt with urgently as it pertains to...More

Intelligent technology has played an important role in China's fight against the coronavirus outbreak with rapid development and application of innovative products, most of which may become industrial giants and generate vital strength for future economic growth. Innovation has always been a crucial resource for the growth of...More

India's move to amend its foreign direct investment (FDI) rules, which is widely seen as targeting China, will weigh on the confidence and expansion of Chinese investors, who have been playing an active role in the Indian market from smartphone manufacturing and e-commerce to the fintech sector. The...More

As is well known, countries liberated from colonial rule after the Second World War followed the road of relying on big and developed countries for their “aid” or copying their economic models. But the Democratic People’s Republic of Korea aspired after the construction of a self-supporting economy from...More

Growth figures for China's retail sales, industrial output and fixed-asset investment for January and February are expected to slow to an unprecedented low of only 3 percent, as measures to contain the new virus outbreak unavoidably battered the economy. Since the outbreak of the coronavirus, China used partial...More

Beijing. Financial experts in China have called for China's central bank to reduce its benchmark deposit interest rates "as soon as possible" after the US Federal Reserve's surprising 100-basis-point rate cut overnight, as China's economic downturn - worsened by the coronavirus - raises demands for stronger policy stimulus....More