Chinese companies are diversifying their exploitation of iron ore in Africa at a record pace amid soaring prices and strained relations with Australia, which experts said signals that China is reducing reliance on "unfriendly" Australia for this key resource. They urged Australia to correct its mistakes and steer...more

China's consumption is firing on all cylinders including tourism and box office in the three-day Qingming Festival holidays to a level that is approaching, or even surpasses that of 2019, industry practitioners and companies said, as Chinese consumers rushed to unleash their spending desires after the country lifted...more

After several Chinese-invested factories in Yangon of Myanmar were smashed, looted, vandalized or burnt, the Chinese Embassy in Myanmar urged the local government on Sunday to take effective measures to stop violence and punish the perpetrators. The violent incidents, which should be severely condemned, were clearly related to...more

A total of 32 Chinese-invested factories have been vandalized in attacks in Yangon, Myanmar, with property losses reaching 240 million yuan ($36.89 million), the Chinese Embassy in Myanmar told the Global Times on Monday, after perpetrators in Yangon smashed, looted and burnt Chinese factories on Sunday. Two Chinese...more

US President Joe Biden said his administration was ready for an "extreme competition" with China in a CBS interview clip published on Sunday. "I'm not going to do it the way Trump did. We are going to focus on the international rules of the road," Biden said. Biden's...more

Through the joint efforts of all parties led by the government, China has lifted its rural population out of absolute poverty and removed all poverty-stricken counties from the poverty list, accomplishing the target of eradicating extreme poverty by the end of 2020, the Poverty Alleviation Office of the...more

As Indonesia received its first batch of a COVID-19 vaccine from China, the promotion of pandemic containment cooperation is set to pave way for a faster economic rebound for the country, and to enhance trust and build cozier regional partnerships. Indonesia on Sunday received 1.2 million doses of...more

Former Prime Minister Shinzo Abe's resignation could significantly alter Japan's economic policies. When Abe took the reins in December 2012, the economy was beset by three intertwined problems: large annual budget deficits; persistent deflation, which made reducing debt ratios nearly impossible; and weak economic growth since Japan's equity...more

The fifth plenary session of the 19th Communist Party of China (CPC) Central Committee, which began on Monday in Beijing, has attracted global attention. As the world experiences a once-in-a-century shake-up caused by the COVID-19 pandemic and the headwind of anti-globalization, the achievements of China's 13th Five-Year Plan...more

The IMF projects that China's GDP will grow by 1.9 percent in 2020, up from 1 percent in its last projection in June, citing a faster-than-expected recovery in China. China will be the only major economy to achieve growth this year, according to the IMF's latest report in...more

In an essay co-published by my colleagues and me in the latest edition of the renowned Chinese journal Contemporary International Relations, we revealed our findings that the US is becoming a "financial zombie." If we took the US as a company, it would be on the verge of...more

On Saturday morning, lines of container lorries were waiting to discharge cargo at the Shanghai International Port (Group) Co (SIPG), while there were also many empty trucks and ships ready to load goods. Transport vehicles were moving around frequently, and about three or four cargo ships of super-large...more

With China's irreplaceable industry chains and unshakeable US demand, decoupling from China is just political talk by US President Donald Trump, which is not a workable plan, business representatives from China's manufacturing sector in South China's Guangdong told the Global Times. US companies still see China, especially the...more

ByteDance, the Chinese high-tech start-up that owns TikTok, handed out a rare half-month bonus for its employees on Tuesday, to motivate its workforce amid pressure from the crackdown by the Trump administration in the US. According to an internal memo seen by the Global Times on Tuesday, the...more

As of Monday, China had suspended imports from 56 cold-chain food companies of 19 countries and regions where workers have been infected with COVID-19. China's General Administration of Customs (GAC) said on Tuesday that 41 of the companies had voluntarily stopped exports to China. Packaging and containers of...more