An employee works at a smart production facility in Tianjin in June. (PHOTO / XINHUA) According to the General Administration of Customs, China's imports and exports hit a record high of 42.07 trillion yuan ($6.62 trillion) last year, ranking top in the world for six consecutive years. Many local governments have chartered flights for local […]
Editor’s note: This is the first part of a review on the performance of China’s implementation of the International Covenant of Economic, Social and Cultural Rights. The International Covenant on Economic, Social and Cultural Rights (the Covenant) provides a useful lens for assessing efforts of the Chinese government in upholding economic, social and cultural rights […]
By virtue of the high degree of autonomy enjoyed by Hong Kong, many have likened the city to a ship. Whether or not this metaphor is appropriate, the “Hong Kong ship” must anchor firmly to the motherland amid a sea change in the global political landscape. China’s economic performance this year is set to stand […]
Since the pursuit of reform and opening-up, the main goal of China’s international strategy is to promote modernization, maintain national security and enhance its influence in the world. Over the past decade or so, the United States and its Western allies have stepped up their efforts to contain China’s rise. To resist and counter their […]
This aerial picture shows the business district in downtown Jakarta, Indonesia, on Aug 30, 2022. (PHOTO / AFP) JAKARTA – Indonesia's economic growth climbed to its strongest in nine years last year fueled by revived spending from the lifting of pandemic restrictions and as a global commodity boom sent exports to a record high. Southeast […]
China must push further higher-level opening-up amid the need to lift domestic consumption (MA XUEJING / CHINA DAILY) To implement the strategy to expand domestic demand and fully develop and unleash the potential of consumption, it is imperative that China open its door wider, especially by pushing institutional opening-up. The expanding domestic market of China […]
Vice-Premier Liu He addresses the World Economic Forum (WEF), in Davos, Switzerland, Jan 17, 2023. (PHOTO / WORLD ECONOMIC FORUM) In his speech in Davos on Tuesday, Vice-Premier Liu He struck a tone that matched perfectly the theme of this year's World Economic Forum — "Cooperation in a Fragmented World". In a speech that was […]
(LI MIN / CHINA DAILY) The global economy, according to many economists, will grow at a moderate rate, inflationary pressure will ease and the effects of monetary policy in major economies will diminish in 2023. In the first three quarters of 2022, the "troika" of consumption, investment and exports contributed 41.3 percent, 26.7 percent and […]
The annual World Economic Forum is in session offline again in Davos, Switzerland, convening global business, political and opinion leaders, including a Chinese delegation led by Vice-Premier Liu He. The return of the gathering in Davos may be a hallmark of the world emerging from the shadow of the three-year COVID-19 pandemic. But just as […]
Iranian President Ebrahim Raisi (right) greets Russian President Vladimir Putin prior to their talks at the Saadabad palace, in Tehran, Iran, July 19, 2022. (SERGEI SAVOSTYANOV/SPUTNIK / KREMLIN POOL PHOTO VIA AP) TEHRAN – Iranian President Ebrahim Raisi and his Russian counterpart Vladimir Putin on Wednesday discussed the expansion of economic cooperation, particularly in the […]
A picture obtained by AFP outside Iran, reportedly shows a motorcycle on fire in the capital Tehran, on Oct 8, 2022. (PHOTO / AFP) TEHRAN — Iran's Supreme Leader Ali Khamenei said on Monday that "foreign enemies' role and involvement in the recent 'riots' in Iran were quite conspicuous." Making the remarks in an address […]
China, Indonesia must continue to work together for economic progress, stability of region This photo taken on Nov 12, 2022 shows an interior view of the media center for the 17th Group of 20 (G20) Summit in Bali, Indonesia. (PHOTO / XINHUA) The G20 Summit in Bali, Indonesia, in November concluded with a declaration covering […]
China recognizes the need for fresh strategies for high-quality development, modernization Several critical decisions were made at the recent 20th National Congress of the Communist Party of China. One of the most important was to accelerate the modernization of the country. What challenges and risks does China face on the path to high-quality development? To […]
January 1 marks the one-year anniversary of the entry into force of the world's largest trading bloc, the Regional Comprehensive Economic Partnership, consisting of the 10 members of the Association of Southeast Asian Nations along with China, Japan, the Republic of Korea, Australia and New Zealand. Against the backdrop of sluggish global economic growth, this […]
Tam Yiu-chung says facilitating economic recovery and addressing social problems should top the city’s priority list. Time flies by at its own pace whether one likes it or not as we usher in 2023. In the past three years the whole world has been ravaged by the COVID-19 pandemic, with nations big and small feeling […]
A worker checks the operation of a carbon fiber production line at a factory in Lianyungang, Jiangsu province. (GENG YUHE / FOR CHINA DAILY) After the central authorities recently optimized the country's pandemic prevention and control measures, a fast forward button has been pressed in terms of work and production resumption nationwide. To bring the […]
The Central Economic Work Conference held in Beijing last week has naturally attracted attention, given the difficult year the Chinese economy has endured. The meeting vowed that growth, employment and prices will be stabilized and stressed that "the Chinese economy will continue to seek progress while maintaining stability next year" and overall improvement in economic […]
Customers shop at a supermarket in Beijing’s Xizhimen area on Dec 6. The city and regions in other parts of China have eased COVID-19 restrictions to varying degrees. (PHOTO PROVIDED TO CHINA DAILY) BEIJING – By ensuring a smooth transition of the COVID-19 response phases, China is projected to steadily resume economic growth and infuse […]
The Ministry of Commerce said on Monday that China is taking US export control measures on chips and other products to the World Trade Organization Dispute Settlement Mechanism. That's a justified response to the series of export control measures the United States has introduced. Citing national security, the US Commerce Department's Bureau of Industry and […]
The United States Federal Communications Commission on November 25 announced a ban on new equipment from five Chinese tech companies, as it presses allies and partners harder to follow suit. Despite US State Secretary Antony Blinken's claim of "growing convergence" between his government and those of US' European allies, however, there is increasing evidence the […]
G20 must foster inclusivity, take independent positions on world issues as G7 power wanes This photo taken on Nov 12, 2022 shows an interior view of the media center for the 17th Group of 20 (G20) Summit in Bali, Indonesia. (PHOTO / XINHUA) As an annual forum of the world’s 20 largest economies, the Group […]
President Xi’s initiatives underscore his vision for equitable, sustainable global development President Xi Jinping delivers a speech titled "Shouldering Responsibility and Working Together in Solidarity to Build an Asia-Pacific Community with a Shared Future" at the 29th Asia-Pacific Economic Cooperation Economic Leaders' Meeting in Bangkok, Thailand, Nov 18, 2022. (PHOTO / XINHUA) Common challenges in […]
Turkish President Recep Tayyip Erdogan gestures as he speaks during a press conference on the sidelines of the G20 Leaders' Summit at Nusa Dua in Bali, Indonesia on Nov 16, 2022. (FIRDIA LISNAWATI / AP) ISTANBUL – Turkish President Recep Tayyip Erdogan on Monday called for stronger trade and economic cooperation among Islamic countries amid […]
China’s modernization road map is a well-thought-out approach to realizing national goals (JIN DING / CHINA DAILY) Many Western media accounts of the recent 20th National Congress of the Communist Party of China paid little or no attention to one of its central themes — the Chinese path to modernization. The most likely reason for […]
A staff member hangs a US national flag before US President Joe Biden arrives for the European Council meeting in Brussels, Belgium, March 24, 2022. (PHOTO / XINHUA) The European Union is now facing an economic recession, with manufacturing activity in October plunging to its lowest level since May 2020 and economic growth for the […]
The economic barometer between Mauritius and China started rising 50 years ago when more than 100 Mauritian businessmen flew to China on a chartered plane to participate in the world renowned Canton Fair. Over the years, Mauritius and China have signed numerous agreements of cooperation in various fields, such as economic cooperation, technology, culture, education, […]
This Nov 12, 2022 photo shows the Queen Sirikit National Convention Center in Bangkok, Thailand. (WANG TENG / XINHUA) BANGKOK – The Asia-Pacific Economic Cooperation CEO Summit concluded here on Friday, highlighting close cooperation to promote sustainable and inclusive growth in the future. "We remain optimistic that regional cooperation and strong resolve will get us […]
(JIN DING / CHINA DAILY) The report submitted to the 20th National Congress of the Communist Party of China on Oct 16 said that as a collaborative endeavor, the Belt and Road Initiative has been welcomed by the international community both as a public good and a cooperation platform, and that China will promote the […]
G20 Leaders raise their garden hoes for a group photo during a tree planting event at the Taman Hutan Raya Ngurah Rai Mangrove Forest, on the sidelines of the G20 summit meeting in Nusa Dua, on the Indonesian resort island of Bali on Nov 16, 2022. (ALEX BRANDON / POOL / AFP) BALI, Indonesia – […]
This Nov 12, 2022 photo shows the logo for the upcoming G20 summit outside Apurva Kempinski, the main venue for the summit in Bali, Indonesia. (WANG YILIANG / XINHUA) BALI, Indonesia – The 17th Group of 20 (G20) Summit kicked off in the island of Bali on Tuesday, with issues pertaining to world economic recovery, world […]