Chinese and foreign firms are showing increasing enthusiasm toward China's new infrastructure plan as it accelerates the move toward new emphases and is expected to bring new drivers for the economy and help hedge against the fallout of the coronavirus outbreak. Chinese tech giant Tencent recently announced it...more

US airlines might be taking the most direct and biggest blow from the suspension of flights to China, but other US businesses in a wide range of sectors such as Apple and Qualcomm are also taking a hit. Those companies have become an important driving force in pushing...more

Those who visit the Democratic People’s Republic of Korea often encounter surprising realities. Are the Workers Really Living Here? There are sky-scraping apartment houses on Changjon Street with modern architectural beauty and workers’ dormitories...more

The budget session of the Federal Parliament of Nepal for the upcoming budget for the fiscal year 2077-78 is summoned. It is necessary to discuss the principles of budgets in the parliament as per the constitutional and legal provisions. Expectations are higher as the is government planning to...more

Editor's Note: As East Asia's largest economy, China encounters economic competition from regional powers such as Japan and India. It also faces US hegemonic aggression. These pressures lead to profound questions. How can China balance them to continue its rise? Is Japan or India a bigger threat in the...more

As China's annual "two sessions" will kick off on Thursday, the State Council, the country's cabinet, revealed on Tuesday that all the 38 quantitative targets listed in the 2019 government work report have been achieved. For major economic goals, last year's government work report set a GDP growth...more

Beijing, China. Jinan, the capital of East China's Shandong Province aims to build up a secure quantum fiber link connecting the province, ramping up efforts to nurture the nascent cutting-edge technology to world-class level. Jinan's mayor Sun Shutao said in a local government report that the city, aiming...more

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

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

China on Tuesday marked a milestone in its efforts to recover from the coronavirus pandemic, as over 100 million tourists flocked to popular attraction sites across the country during the just-concluded May Day holiday and spent billions of dollars, all while averting a much-feared resurgence of COVID-19 cases....more

With rising turnover, housing sector will expedite China's economy recovery as the COVID-19 epidemic has obviously eased, industry experts and insiders told the Global Times on Tuesday. Citing data from the Beijing Municipal Commission of Housing and Urban-Rural Development, the China Securities Journal (CSJ) reported that 11,973 apartments...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

The downward pressure posed by COVID-19 on the member countries of the proposed Regional Comprehensive Economic Partnership (RCEP), as well as China's relatively early economic recovery, may encourage progress on regional economic cooperation and lead to an agreement being signed by year-end, according to experts, but the process...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

Pyongyang. Marshal Kim Jong Un, supreme leader of the Korean people has cut tape for completion of Sunchon Phosphatic Fertilizer Factory on May 2, 2020. Smashing all the rumours of his death by the reactionaries and their puppet media into the dust, Supreme Leader Kim Jong Un, chairman of...more