Local governments launch plans for industrial equipment renewal

Governments of nearly 10 Chinese provinces and regions recently issued detailed plans for industrial equipment renewal based on local conditions, further supporting industrial enterprises' capacity upgrade amid increasing demand.   Northwest China's Ningxia Hui Autonomous Region on May 8 released an action plan to promote large-scale renewal of industrial equipment, covering eight sectors including metallurgy, […]

Battery firms urged to step up innovation, reduce output

China's Ministry of Industry and Information Technology (MIIT) on Wednesday issued draft rules for the country's lithium-ion battery industry, aiming to guide companies to reduce projects that aim solely to expand production and instead focus on technological innovation. The proposals, which are open for public comment, are conducive to promoting the sound development of China's […]

US reported tariffs on green Chinese exports, extending trade curbs hurt positive atmosphere of engagement and dialogue: expert

The US' reported plan to levy tariffs on imports from China's emerging industries and its commerce department's decision to add 37 Chinese entities in high-tech sectors are steps further down the path of clamping down on Chinese companies and decoupling with China, observers said on Friday, warning that there will be serious consequences. The Biden […]

China, Hungary embrace new economic cooperation opportunities under all-weather comprehensive strategic partnership for the new era

On the occasion of the 75th anniversary of the establishment of diplomatic relations between China and Hungary, the two sides decided to elevate the current comprehensive strategic partnership to an all-weather comprehensive strategic partnership for the new era, which experts said on Friday will provide new economic and trade cooperation opportunities for the two countries.  […]

Hungary’s strategy of connectivity stands out in today’s increasingly divided world: scholar

Hungary-China cooperation will continue to expand in the future, and the visit by Chinese President Xi Jinping to Hungary will help accelerate the development of bilateral relations and EU-China relations, Gladden Pappin, President of Hungarian Institute of International Affairs, told the Global Times in an exclusive interview.  Chinese President Xi is paying state visits to […]

China slams US unilateral illegal sanctions against Chinese entities over Russia-Ukraine conflict

The Chinese Embassy in the US slammed Washington's latest sanctions against Chinese entities over the Russia-Ukraine conflict, saying that China firmly opposes the US imposing unilateral illegal sanctions on Chinese entities, Russian news agency TASS reported on Thursday. The US on Wednesday issued a new package of sanctions on hundreds of companies and individuals, including […]

China’s steel industry embarks on green shift, battling high carbon emissions through technologies, supportive policies

Amid the bustling streets and towering skyscrapers across China, a profound transformation is unfolding within the steel beams and iron cores of China's industrial landscape, aiming to contribute to China's goals of achieving carbon peak and carbon neutrality. Meanwhile, as one of the world's largest producers and consumer of steel, China faces a colossal challenge: […]