Chinese firms to take center stage at MWC 2024, showcasing latest 5G, AI solutions

More than 300 Chinese technology companies will attend the annual Mobile World Congress (MWC) 2024 in Barcelona, Spain, as analysts said that Chinese firms are ready to share their latest innovations in 5G and artificial intelligence (AI) at the event. Mohamed Hakim, a tech industry observer from the United Arab Emirates, told the Global Times […]

New UK sanctions targeting Chinese companies over Ukraine crisis are unilateralism, will meet with firm counterattack: embassy

New UK sanctions targeting Chinese companies over Ukraine crisis are unilateralism that has no basis in international law, and China is firmly opposed to it, a spokesperson for the Chinese Embassy in the UK said on Thursday, warning that any actions which harm China's core interests will be met with a firm counterattack. The remarks […]

Chinese-invested shipping company opens regular liner service in Red Sea region, one of the few that still operate Asia-Europe direct route

A Chinese-invested shipping company Sea Legend has opened regular container shipping service via the Red Sea region, according to the company’s website announcement, which industry insiders said would make it one of the few companies that still sail on the direct shipping route from Asia to Europe on heels of the deepening of Red Sea […]

Xinjiang’s foreign trade surges 45% in 2023, ranking second among Chinese provinces

The imports and exports in Northwest China's Xinjiang Uygur Autonomous Region witnessed a robust growth, reporting the second highest growth rate among all provinces in China, which indicates increasingly dynamic trade with its partners.  Xinjiang's total foreign trade was 357.33 billion yuan ($50.42 billion), a year-on-year increase of 45.9 percent, ranking second in China in […]

China’s central bank to set up new credit market department: governor

China's central bank will set up a new credit market department in a bid to guide financial institutions to implement corresponding work focusing on technology finance, green finance, inclusive finance, pension finance and digital finance, Pan Gongsheng, governor of the People's Bank of China (PBC) announced on Wednesday at a press conference.  The establishment of […]

NDRC vows to enhance consistency in macro policy orientation in 2024

China's top economic planner on Thursday emphasized the importance of enhancing consistency in macro policy orientation in 2024, as part of its efforts to strengthen policy coordination and ensure a synchronized and concerted policy response across economic sectors. Assessing the consistency of macro policy orientation is a crucial innovation in macroeconomic regulation and an important […]

MUJI fined $350 for selling poor-quality children's T-shirts

MUJI (Shanghai) Commercial Co was recently fined 2,517.5 yuan ($350) and had 377.1 yuan of illegal income confiscated by the market regulator in Jing'an district of Shanghai, as the company produced and sold substandard products as qualified products, according to the information from data provider Tianyancha. Tianyancha showed that the fiber content of children's striped […]

British Airways doubles Chinese cabin crew bases, showing confidence in Chinese market growth

British Airways is doubling their Chinese-speaking cabin crew bases in China, and the first batch is expected to enter service in May, the airline's chief customer officer said on Thursday, and the company is bullish on the growth of the Chinese economy and the rising travel demand.  "We will add 50 cabin crew members in […]

China-US academic exchanges need to act as guardrail amid the strategic competition

On Wednesday, eight scholars from various Chinese and US universities gathered at Schwarzman College of Tsinghua University to discuss the road ahead for China-US academic exchanges. Most of the participants of this event have gained numerous wonderful memories on the road of academic exchanges, and these experiences have also shaped and influenced their academic careers. […]

US urged to 'do more on peace' as Pentagon's first industrial strategy hypes 'China threat'

The Chinese Foreign Ministry on Friday urged the US to do more to contribute to peace and stability and not to introduce bloc confrontation, conflicts and wars into the Asia-Pacific, in response to the China-related content in the US' first-ever National Defense Industrial Strategy (NDIS), which highlighted the need to reform its defense industry and […]