Chinese President Xi Jinping and visiting British Prime Minister Keir Starmer agreed on Thursday in Beijing that the two countries should develop a long-term, stable comprehensive strategic partnership, Xinhua News Agency reported. According to China Central Television, noting that the Year of the Horse is just around the corner, Xi said that he believes Starmer’s visit will be a success and the cooperation between the two countries will “Yi Ma Dang Xian,” which literally means “a horse charging ahead” or is commonly used to mean “taking the lead.” Xi said…
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On Monday, Yan Junjie, born in 1989, walked into a conference room in Beijing. At 37, he was likely the youngest entrepreneur at a symposium chaired by Chinese Premier Li Qiang to solicit opinions on the draft government work report and the 15th Five-Year Plan (2026-30). Who is this young man, and why does his voice matter to China’s economic strategy? Yan is the founder and CEO of MiniMax, an AI startup that became China’s second “AI tiger” to go public on January 9. The company achieved in four years…
When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China would feel the squeeze even more. On April 9, 2025, Trump raised the tariff on Chinese goods to 125% – bringing the total U.S. tariff on some Chinese imports to 145%. The move, in Trump’s telling, was prompted by Beijing’s…
The ongoing Dutch restrictions against Chinese-owned chipmaker Nexperia risk causing “multi-layered and irreversible” real-world damage to the stability of semiconductor supply chains in Europe and globally, deputy chief of a chip industry association has warned in an exclusive interview with the Global Times. The comments from Wei Shaojun, vice chairman of the China Semiconductor Industry Association (CSIA), came in response to the Netherlands placing Nexperia under special administrative measures over so-called security concerns. The Dutch Ministry of Economic Affairs revealed on October 12, 2025 that it had invoked the 1952…
Chinese A-share tech stocks extended last week’s rally on Monday, with more than half of the sector rising in early trading and seven stocks posting gains of more than 5 percent. On Sunday, Bloomberg described China’s market performance by “another key element of investing in Asia tech.” Earnings growth for a gauge of China’s tech megacaps is poised for a major inflection point in 2026 when it’s expected to overtake Magnificent 7 for the first time since 2022, Bloomberg reported on Sunday. As enthusiasm for the nation’s tech sector picked…
China announced on Friday that it will change export tax rebates for a range of products, including photovoltaic and battery products. The announcement, jointly issued by the Ministry of Finance and the State Taxation Administration, said that export tax rebates for the value added tax of photovoltaic products will be canceled starting from April 1, 2026. Meanwhile, the export tax rebate rate for the value added tax of battery products will be reduced from 9 percent to 6 percent starting from April 1, 2026, and will be eliminated starting from…
In 2025, the world is accelerating its evolution amid intertwined changes and turbulences. The interconnectedness of China’s development and the global landscape is continually strengthening, and China’s influence on global growth, technological transformation, and global governance is becoming increasingly profound and positive. The latest 2025 Global Survey on Impression and Understanding of China reveals that nearly 90 percent of respondents have expressed confidence in China’s continued economic growth over the next 10 years. Global public opinion shows strong interest in Chinese culture and tech, with expectations for China to participate…
Looking back at a year of rapidly changing international dynamics, the interactions between China and the US in the economic and trade sphere have consistently drawn global attention. From “conflict” to “dialogue,” and from a seemingly insurmountable impasse to a return to an equal dialogue and negotiation track, the fluctuations in US-China economic and trade relations offer rich insights into how these two major economies can effectively manage their relationship and accurately grasp the trends of the times. International relations have never been smooth sailing. It requires wisdom and responsibility…
“China is going to win the AI race,” Nvidia CEO Jensen Huang has told an AI summit in London. The Taiwanese-born boss of the chipmaker, the world’s most valuable public company, believes the Chinese are already just “nanoseconds” behind the Americans and well placed to overtake them. He pointed to China’s energy superiority and AI research talent, as well as the risk that the Trump administration’s ban on selling China the most advanced chips will just galvanise Beijing to close that technological gap. Huang did soften his stance later to…
German business leaders and industry representatives have called for deeper cooperation with China’s automotive industry to achieve mutually beneficial outcomes, highlighting China’s rapid technological progress, which German carmakers can cooperate and learn from. They also voiced opposition to unilateralism and protectionist measures, which have been on the rise globally. The remarks came during the 9th China-Germany Automotive Conference in Changchun, Northeast China’s Jilin Province, a production hub, where participants from both countries highlighted the importance of joint innovation and technology exchange. As an annual event co-initiated by the investment promotion…