By Xiong Xinyi and Zhang Yuying in Chongqing July 23, 2024
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
China has demonstrated its determination to comprehensively deepen reforms, with policy stability and continuity a highlight, Chinese and foreign experts said on Monday, commenting on a resolution on further deepening reform comprehensively to advance Chinese modernization that was adopted at the just-concluded third plenary session of the 20th...more
The 20th Central Committee of the Communist Party of China (CPC) adopted a resolution on further deepening reform comprehensively to advance Chinese modernization at its third plenary session, drawing up a sweeping blueprint that will guide China's reform and opening-up for years to come, according to a communique...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
Editor's Note: This year marks the 75th anniversary of the founding of NATO. The Washington Summit Declaration issued at the NATO summit was filled with Cold War mentality and bellicose rhetoric, which will exacerbate the tense situation in the Asia-Pacific region. Global Times (GT) talked to Jeffrey Sachs...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
The Asia-Pacifc-6E, or the APStar-6E, China's first all-electric propulsion communication satellite, has successfully passed in-orbit technology verification and ground station technology reviews in Hong Kong, which means the satellite has become fully operational after having successfully passed all in-orbit tests, according to spacecraft manufacturer China Great Wall Industry...more
(July 14). As the third plenary session of the 20th Communist Party of China (CPC) Central Committee will be convened on Monday, the world is watching how the pivotal gathering, also known as the third plenum, will identify priorities for comprehensively deepening reform, map out a blueprint for...more
Editor's Note: The 2024 NATO Summit is set to be held in Washington from Tuesday to Thursday. With NATO's continuous expansion, it is evolving from a regional security alliance into a global organization. What impact does NATO's expansion have on the world? What is the essence of NATO?...more
The 20th Central Committee of the Communist Party of China (CPC) started its third plenary session in Beijing on Monday morning, where top Party officials will set the direction for China's further comprehensively deepening reform that will carry significant importance for China's economic and social development for years...more
After China released an investigation report on Volt Typhoon, the US, in order to cover up the evidence, instructed related companies to change the content of report they released previously, completely disregarding the traces left during the operation. This shows that the US side is at its wits'...more