Global Supply Chain Crisis: Tri-Nation Partnership Takes a StandThe United States, South Korea, and Japan have declared their intention to counteract the supply chain crisis caused by China’s overproduction and low-cost dumping in the electric vehicle and solar panel industries, among others, through a Reinforcing and Improving Sustainable Economies (RISE) partnership. On the 17th (local time), Choi Sang Mok, the Deputy Prime Minister […]
Survey Reveals: 80% of South Koreans Seek Friendly Ties with ChinaAccording to a survey, approximately 80% of South Koreans wish to maintain a friendly and cooperative relationship with China. Furthermore, over half of the respondents felt that the recent relations between South Korea and China have cooled. Online edition of Global Times’ parent media, Huanqiu Shibao./Huanqiu Shibao. On the 18th, the English edition of Global […]
Hyundai's Latest Decision Sparks Controversy in South KoreaHyundai Plans to Import ‘Sonata Taxi’ Produced in China Recently, news broke that Hyundai could import the eighth-generation Sonata taxi produced in China. At the time, the Hyundai union claimed a collective agreement violation and opposed the move. Until now, the seventh-generation Sonata taxi has been produced in the Chungnam Asan factory, but due to […]
IMF Warns: 'U.S. and Chinese Fiscal Deficits Are a Grave Risk to the Global Economy'US fiscal deficit to hit 7.1% of GDP next year, triple the average for advanced economiesChina’s fiscal deficit to reach 7.6%, double the average of emerging countriesUS debt also affects inflation…high inflation-high interest rate vicious circle The International Monetary Fund (IMF) warned on the 17th (local time) that the massive fiscal deficit in the United […]
Volkswagen and Xiaopeng Unite to Boost China's EV MarketChinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
US Law Targets Chinese Communist Party for Child Labor in Cobalt MiningA bill has been proposed in the U.S. Congress to ban the import of cobalt from the Democratic Republic of the Congo (DRC). This is due to allegations that the Chinese Communist Party, which owns 90% of the DRC’s cobalt mines, is exploiting child labor and forced labor. According to industry sources, on the 18th, […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UKAs China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
Revival of the U.S.-China Trade War? U.S. Mulls Over TariffsOn the 16th (local time), U.S. Trade Representative Katherine Tai revealed her serious contemplation of trade defense actions, including the imposition of tariffs under Section 301 of the Trade Act, in reaction to China’s unfair trade practices. With this announcement, as the U.S. election draws closer this year, it becomes pertinent to monitor whether the […]
Robot or Human? Chinese Restaurant Owner's Performance Leaves Diners Guessing!A restaurant owner in Chongqing, China, who delivers true-to-life robot performances that could easily be mistaken for a genuine android is garnering attention. According to the South China Morning Post (SCMP), on the 10th, a video and photos of a restaurant owner in Chongqing, southwestern China, imitating a mechanoid server went viral online. The 26-year-old […]
Trapped in China: Tourists Held Hostage in Store StandoffA group of Chinese tourists were trapped in a store for several hours after refusing to make purchases. According to foreign media outlets such as the South China Morning Post (SCMP), 37 local tourists who visited Xishuangbanna Dai Autonomous Prefecture in Yunnan Province, China, on the 26th of last month were confined in a bedding […]
Actor's Outburst Prompts Apple to Allow Used Parts for iPhone RepairsThere is a growing interest in why a Chinese actor smashed his iPhone on the ground. Famous Chinese actor Liu Jin, known for his roles in Angel’s Happiness and Green Love, recently posted a video on his Weibo account. In the video, Liu Jin smashes his iPhone on the ground multiple times in front of […]
China's Population Crisis: A Threat to Its Economic Supremacy?Elderly population expected to reach 38% by 2050Retirement age at 60, the world’s lowestThe Hukou System hinders economic growthUrbanization rate must reach 75-80% As China faces complex issues of economic slowdown, low birth rate, and aging population, its status as the world’s second-largest economy is wavering. The Economist recently introduced a solution for China’s population crisis. […]
China's Top Official: 'We Need to Hold Onto Bottom Line of National Security For the Development of Hong Kong"Reuters, Yonhap News A high-ranking Chinese government official in charge of Hong Kong policy emphasized the legitimacy of the Hong Kong version of the National Security Law (Hong Kong National Security Law), which went into full effect last March. According to Reuters on the 15th, Xia Baolong, director of the Hong Kong and Macao Affairs […]
China Calls for Calm in Iran-Israel ConflictAmid fears that a potential retaliation by Israel against Iran could escalate into a full-blown war, China has expressed its stance, urging “all relevant parties to remain calm and restrained so that tensions do not escalate.” Chinese Foreign Ministry spokesperson Lin Jian urged restraint between Iran and Israel during a regular briefing on the 15th. […]
Scholz in China: A Diplomatic Move to Address Trade Disputes and Ukraine CrisisGerman Chancellor Olaf Scholz made his second visit to China after taking office. During his stay, Chancellor Scholz is expected to discuss trade conflicts and the war in Ukraine with Chinese President Xi Jinping. According to Bloomberg, on the 14th, Chancellor Scholz entered China through Chongqing. CEOs from Siemens, Bayer, Merck, BMW, and Mercedes-Benz accompanied […]
Power, Politics, and Pandemics: Zhao Leji's Crucial Role in ChinaOn the 13th, Zhao Leji, the third-ranking Member of the Chinese Communist Party who warmly embraced North Korean Leader Kim Jong Un, is equivalent to the Speaker of the Parliament in China. Zhao is well-known as a close confidant of Chinese President Xi Jinping, the highest-ranking Chinese official to visit North Korea since the two […]
North Korean Leader and Chinese Official Hold Talks on Deepening TiesDuring his visit to North Korea, North Korean leader Kim Jong Un met with China’s Chairman of the Standing Committee of the National People’s Congress, Zhao Leji. According to Yonhap News, on the 14th, the Korean Central News Agency reported that Kim met with the Chinese Party and government delegation that officially visited North Korea […]
Choked by China: South Korea Battles Rising Carbon Monoxide LevelsA U.S. research team has revealed that an alarming amount of carbon monoxide, a pollutant originating from China, has infiltrated South Korea beyond the country’s control. The researchers stated that most of the carbon monoxide that entered South Korea originated from China’s domestic market. According to the scientific and technological community, on the 13th, the […]
Tech War Intensifies: China to Abandon Foreign CPU UseThe Chinese government reportedly instructed domestic telecommunications companies to cease using foreign chips in their network equipment by 2027. The Wall Street Journal (WSJ) reported this on December 12th (local time), citing a knowledgeable source. According to the report, China’s Ministry of Industry and Information Technology ordered the country’s three major state-owned mobile service providers, […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target PriceMorgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
Global Supply Chain Crisis: Tri-Nation Partnership Takes a Stand The United States, South Korea, and Japan have declared their intention to counteract the supply chain crisis caused by China’s overproduction and low-cost dumping in the electric vehicle and solar panel industries, among others, through a Reinforcing and Improving Sustainable Economies (RISE) partnership. On the 17th (local time), Choi Sang Mok, the Deputy Prime Minister […]
Survey Reveals: 80% of South Koreans Seek Friendly Ties with China According to a survey, approximately 80% of South Koreans wish to maintain a friendly and cooperative relationship with China. Furthermore, over half of the respondents felt that the recent relations between South Korea and China have cooled. Online edition of Global Times’ parent media, Huanqiu Shibao./Huanqiu Shibao. On the 18th, the English edition of Global […]
Hyundai's Latest Decision Sparks Controversy in South Korea Hyundai Plans to Import ‘Sonata Taxi’ Produced in China Recently, news broke that Hyundai could import the eighth-generation Sonata taxi produced in China. At the time, the Hyundai union claimed a collective agreement violation and opposed the move. Until now, the seventh-generation Sonata taxi has been produced in the Chungnam Asan factory, but due to […]
IMF Warns: 'U.S. and Chinese Fiscal Deficits Are a Grave Risk to the Global Economy' US fiscal deficit to hit 7.1% of GDP next year, triple the average for advanced economiesChina’s fiscal deficit to reach 7.6%, double the average of emerging countriesUS debt also affects inflation…high inflation-high interest rate vicious circle The International Monetary Fund (IMF) warned on the 17th (local time) that the massive fiscal deficit in the United […]
Volkswagen and Xiaopeng Unite to Boost China's EV Market Chinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
US Law Targets Chinese Communist Party for Child Labor in Cobalt Mining A bill has been proposed in the U.S. Congress to ban the import of cobalt from the Democratic Republic of the Congo (DRC). This is due to allegations that the Chinese Communist Party, which owns 90% of the DRC’s cobalt mines, is exploiting child labor and forced labor. According to industry sources, on the 18th, […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UK As China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
Revival of the U.S.-China Trade War? U.S. Mulls Over Tariffs On the 16th (local time), U.S. Trade Representative Katherine Tai revealed her serious contemplation of trade defense actions, including the imposition of tariffs under Section 301 of the Trade Act, in reaction to China’s unfair trade practices. With this announcement, as the U.S. election draws closer this year, it becomes pertinent to monitor whether the […]
Robot or Human? Chinese Restaurant Owner's Performance Leaves Diners Guessing! A restaurant owner in Chongqing, China, who delivers true-to-life robot performances that could easily be mistaken for a genuine android is garnering attention. According to the South China Morning Post (SCMP), on the 10th, a video and photos of a restaurant owner in Chongqing, southwestern China, imitating a mechanoid server went viral online. The 26-year-old […]
Trapped in China: Tourists Held Hostage in Store Standoff A group of Chinese tourists were trapped in a store for several hours after refusing to make purchases. According to foreign media outlets such as the South China Morning Post (SCMP), 37 local tourists who visited Xishuangbanna Dai Autonomous Prefecture in Yunnan Province, China, on the 26th of last month were confined in a bedding […]
Actor's Outburst Prompts Apple to Allow Used Parts for iPhone Repairs There is a growing interest in why a Chinese actor smashed his iPhone on the ground. Famous Chinese actor Liu Jin, known for his roles in Angel’s Happiness and Green Love, recently posted a video on his Weibo account. In the video, Liu Jin smashes his iPhone on the ground multiple times in front of […]
China's Population Crisis: A Threat to Its Economic Supremacy? Elderly population expected to reach 38% by 2050Retirement age at 60, the world’s lowestThe Hukou System hinders economic growthUrbanization rate must reach 75-80% As China faces complex issues of economic slowdown, low birth rate, and aging population, its status as the world’s second-largest economy is wavering. The Economist recently introduced a solution for China’s population crisis. […]
China's Top Official: 'We Need to Hold Onto Bottom Line of National Security For the Development of Hong Kong" Reuters, Yonhap News A high-ranking Chinese government official in charge of Hong Kong policy emphasized the legitimacy of the Hong Kong version of the National Security Law (Hong Kong National Security Law), which went into full effect last March. According to Reuters on the 15th, Xia Baolong, director of the Hong Kong and Macao Affairs […]
China Calls for Calm in Iran-Israel Conflict Amid fears that a potential retaliation by Israel against Iran could escalate into a full-blown war, China has expressed its stance, urging “all relevant parties to remain calm and restrained so that tensions do not escalate.” Chinese Foreign Ministry spokesperson Lin Jian urged restraint between Iran and Israel during a regular briefing on the 15th. […]
Scholz in China: A Diplomatic Move to Address Trade Disputes and Ukraine Crisis German Chancellor Olaf Scholz made his second visit to China after taking office. During his stay, Chancellor Scholz is expected to discuss trade conflicts and the war in Ukraine with Chinese President Xi Jinping. According to Bloomberg, on the 14th, Chancellor Scholz entered China through Chongqing. CEOs from Siemens, Bayer, Merck, BMW, and Mercedes-Benz accompanied […]
Power, Politics, and Pandemics: Zhao Leji's Crucial Role in China On the 13th, Zhao Leji, the third-ranking Member of the Chinese Communist Party who warmly embraced North Korean Leader Kim Jong Un, is equivalent to the Speaker of the Parliament in China. Zhao is well-known as a close confidant of Chinese President Xi Jinping, the highest-ranking Chinese official to visit North Korea since the two […]
North Korean Leader and Chinese Official Hold Talks on Deepening Ties During his visit to North Korea, North Korean leader Kim Jong Un met with China’s Chairman of the Standing Committee of the National People’s Congress, Zhao Leji. According to Yonhap News, on the 14th, the Korean Central News Agency reported that Kim met with the Chinese Party and government delegation that officially visited North Korea […]
Choked by China: South Korea Battles Rising Carbon Monoxide Levels A U.S. research team has revealed that an alarming amount of carbon monoxide, a pollutant originating from China, has infiltrated South Korea beyond the country’s control. The researchers stated that most of the carbon monoxide that entered South Korea originated from China’s domestic market. According to the scientific and technological community, on the 13th, the […]
Tech War Intensifies: China to Abandon Foreign CPU Use The Chinese government reportedly instructed domestic telecommunications companies to cease using foreign chips in their network equipment by 2027. The Wall Street Journal (WSJ) reported this on December 12th (local time), citing a knowledgeable source. According to the report, China’s Ministry of Industry and Information Technology ordered the country’s three major state-owned mobile service providers, […]
Morgan Stanley, Upward Adjustment to Xiaomi EV's Target Price Morgan Stanley, a U.S. investment bank, has announced an upward adjustment to the target price of Xiaomi, citing optimistic electric vehicle sales. While they believe in Xiaomi’s potential power, they further commented that Xiaomi needs to offer more to attract investors. Xiaomi officially launched the SU7 model on March 28, and in just one day, […]
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