China and Nauru have officially resumed diplomatic relations, marking a significant development ten days after Nauru severed its ties with Taiwan. The move highlights the wide acceptance of the one-China principle, reaffirming it as a consensus and fundamental norm in international relations. Chinese Foreign Minister Wang Yi engaged in talks with Nauru’s Minister for Foreign […]
Antigua and Barbuda’s Prime Minister, Gaston Browne, has arrived in Beijing for a weeklong visit, becoming the first leader from the Latin America and Caribbean (LAC) region to do so in 2024. The Caribbean nation, a longstanding partner of China, seeks to capitalize on the China-proposed Belt and Road Initiative (BRI) to stimulate its post-pandemic […]
China’s economic growth is forecasted to rebound, reaching approximately 5 percent in 2024, as shared by Li Daokui, Director of Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking, in an interview with the Global Times on Saturday. This positive outlook comes after a sustained period of declining GDP growth since 2009. Li identified […]
Passenger trips in China are anticipated to witness a significant surge during the New Year’s holidays, surpassing pre-pandemic levels in some regions, according to data from railway and aviation authorities and travel platforms. These positive trends are viewed as a promising beginning for both inbound and outbound travel in 2024. The national railway’s New Year’s […]
As the winter chill sets in, China is experiencing a surge in travel and consumption, transforming the “cold resources” into a “hot economy” as the New Year’s Day holiday approaches. Experts highlight that the Chinese economy is on a path of accelerating recovery, with new growth drivers continually emerging and propelling momentum into 2024. Data […]
In a significant development, D’Riz rice has achieved certification from the National Agency for Food and Drug Administration and Control (NAFDAC) after undergoing a meticulous evaluation process. Nwaimo Emmanuel Maduabuchi, the representative for D’Riz, expressed satisfaction with the comprehensive inspections and laboratory tests conducted by NAFDAC, leading to the official certification of the product. Consumers […]
Speaking at the Global Times Annual Conference 2024, Chinese People’s Liberation Army (PLA) Navy Rear Admiral Yang Yi highlighted the fundamental difference in perspectives between China and Western powers, particularly the US, regarding the path of China’s development. While China advocates peaceful development, Western powers, led by the US, perceive China as inevitably seeking hegemony, […]
Experts at the 2024 Global Times Annual Conference held in Beijing emphasized that the urbanization and industrialization of central and western parts of China will serve as a catalyst for the country’s economic development. The discussions underscored the pivotal role of the development in the western region in achieving Chinese modernization. Fang Ning, chair professor […]
Chinese electric car manufacturer BYD has revealed plans to construct a manufacturing plant for new-energy vehicles (NEVs) in Szeged, Hungary, marking a significant step in the company’s European expansion, as confirmed to the Global Times on Friday. The establishment of this plant is expected to contribute to local economic development by generating thousands of job […]
Amidst a challenging global backdrop, foreign financial institutions persistently increased investments in China throughout 2023, attracted by the prospects of substantial returns resulting from the country’s sustained and stable long-term growth. A pivotal meeting in late October outlined a path for financial development with distinctive Chinese characteristics, aiming to position the nation as a financial […]
