Amid heat waves in Southwest China's Sichuan Province that have caused an ongoing energy shortage, forcing the province to curb industrial power use for more than one week, Sichuan's coal-fired plants have been firing on all cylinders and generating power over designed capacity, as a national effort to...more

The first shipment of speed railway trains for the Jakarta-Bandung High Speed Railway (HSR) started on Sunday, marking important progress in the construction of the railway, a landmark project under the Belt and Road Initiative (BRI) and the export of Chinese technology, standards and equipment. A set of...more

Editor's Note: During the past decade, the world has increasingly witnessed a trend of "the East is rising, and the West is declining" in the spheres of economy, security and discourse power. Western countries, particularly the US, plagued by internal woes, have sought the old path of passing...more

Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors -the Asian Development Bank (ADB) and the World Bank - are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka's Ambassador to...more

Editor's Note: During the past decade, the world has increasingly witnessed a trend of "the East is rising, and the West is declining" in the spheres of economy, security and discourse power. Western countries, particularly the US, plagued by internal woes, have sought the old path of passing...more

China on Monday posted an 8.1 percent GDP growth in 2021, defying market expectations and further cementing the world's second-largest economy's leading position in the global economy's recovery from the still raging COVID-19 pandemic, as major growth drivers, particularly exports, saw remarkable improvements in the face of mounting...more

Chinese President Xi Jinping on Monday delivered his first major speech of the new year at a global event at the World Economic Forum (WEF), where he issued stern warnings against acts of containment, confrontation and suppression as well as practices of hegemony and bullying, while calling on...more

Chinese President Xi Jinping announced new major measures on cooperation with Africa on Monday, charting a course for strengthened economic ties between China and the African continent, while also giving a timely, comprehensive response to the continent's most urgent needs in fighting the pandemic and reviving the economy....more

Wang Kum Sil, workteam leader of the Pyongyang municipal flower production company, is well known as a woman good at growing flowering plants at the company. Her workteam annually cultivates tens of thousands of flowers in dozens of species. Wang is well versed in floriculture. She can bring...more

The unexpected and unpredictable torrential rains seen in Central China's Henan Province throughout July are a sign of another challenging year in 2021, after the COVID-19 pandemic outbreak that significantly disrupted 2020. Analysts estimated that the impact of natural disasters on the national economy will be limited. But...more

India has long praised itself as the largest democracy in the world. It is therefore favored by the US and the West, allowing itself to enjoy a benign environment for development. However, democratic chaos has been repeated in this South Asian country, making it a target of criticism...more

The enhancing economic ties between China and the Association of Southeast Asian Nations (ASEAN) have drawn attention worldwide, especially against the backdrop of intensifying China-US tensions. Recently Japan-based Nikkei listed several new investment projects from China to ASEAN countries, saying that China outspends the US in order to...more

With the increasingly fierce competition in the global semiconductor industry, there are undoubtedly some obstacles facing China in developing its own self-reliant chip-making production capacity. At the same time, skepticism and pessimism are on the rise regarding China's domestic semiconductor industry, but such external factors won't sway the...more

The application of China's Digital Currency Electronic Payment (DC/EP), also known as digital yuan, which has already been on a fast development track since last year, is taking another critical step forward with new scenarios in the business-to-business segment and wage payments. JD.com Inc, the country's second-largest online...more

US President Joe Biden has invited 40 heads of state to the Leaders Summit on Climate on April 22 and 23. This has heated up the global competition over the low-carbon economy. This new competition could even be called "a new global green and low-carbon economy war." As...more