US Treasury Secretary Janet Yellen on Thursday said she would press China to address the country's macroeconomic model that has led to "overcapacity," claiming that it poses a "threat" to the viability of firms and workers globally, making her the latest American politician calling for a hardline stance...more

The Chinese yuan has maintained a high ranking on a currency internationalization gauge last year, with an annual average of 6.27 points, up 22.9 percent year-over-year, news report shows. The 2024 Annual Report of Renminbi Internationalization, developed by Chinese Renmin University's International Monetary Institute, was released on Saturday....more

Editor's Note: With NATO's continuous expansion, it is evolving from a regional security alliance into a global organization. The alliance, which celebrated its 75th anniversary with a summit in Washington recently, has played a major role in exacerbating the Russia-Ukraine crisis. As the crisis has been in its...more

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

Numerous factors contribute to the continued growth of China's foreign trade amid the West's trade protectionism, particularly the US-launched trade war against China. However, the primary reason is the increase in exports from China's western region. Under pressure from the US and part of the West, China is...more

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

After a period of confusing noise about China's "over-capacity," some Western media are slowly starting to return to reality. The Financial Times recently published an editorial titled "Chinese electric vehicles are more of an opportunity than a threat," stating that the US and Europe should welcome China to...more

Editor's Note: As the Chinese economy has faced various challenges in recent years, some Western officials and media pundits have stepped up their smear campaign against China. They cherry-pick information and distort facts to hype their narratives such as "Peak China," but they always turn a blind eye...more

Despite the progress made in the internationalization of the Chinese yuan, it is crucial for China to maintain a clear perspective on the financial fluctuations and risks behind the de-dollarization hype. The Chinese yuan's share on Russia's foreign exchange market reached 99.6 percent in June, Bloomberg reported on...more

Despite challenges posed by Washington's increasing protectionism, China's shipbuilding industry has already established a strong foundation for sustainable growth. This suggests that, despite obstacles and competition, the growth momentum of Chinese manufacturing will not be fundamentally hindered. China CSSC Holdings Ltd's first-half net profit is expected to soar...more

China on Saturday lodged solemn representations with the US after President Joe Biden signed a Xizang-related bill into law on Friday local time, with multiple government authorities in China issuing statements firmly condemning the US. The Chinese Foreign Ministry said on Saturday that the so-called “Tibet bill” violated...more

The US Department of Homeland Security has put three more industries - aluminum, polyvinyl chloride (PVC) and seafood - in its crosshairs as it ramps up enforcement of the so-called Uyghur Forced Labor Prevention Act (UFLPA). This "infamous bill" enacted in 2021, and numerous actions stemming from it...more

China has proposed to the World Trade Organization (WTO) the establishment of an expert panel regarding a dispute over new-energy vehicle (NEV) subsidies and other measures under the US Inflation Reduction Act (IRA), as the US has failed to reach a solution through consultations with China, a spokesperson...more

China's GDP expanded 5 percent to reach 61.68 trillion yuan ($8.49 trillion) in the first half of 2024, data from the National Bureau of Statistics (NBS) showed on Monday, demonstrating the resilience and innate strength of the world's second-largest economy. In the second quarter, China's GDP grew by...more

Given the huge impact of the previous China-US trade war on American farmers, concerns over a new trade war seems to have haunted the market sentiment these days. Regardless of the outcome of the US election, the stance of Chinese soybean importers toward the US' trade war with...more