China and Europe urgently need to establish a more constructive relationship2025-01-17
For decades, China and the European Union cultivated a partnership that many saw as a cornerstone of global stability. Their relationship was defined by complementary economic and trade ties, with China providing a manufacturing powerhouse to Europe's market-driven innovation. But the harmony of yesteryear is showing signs of strain. As China climbs the ladder of global supply chains, competing in advanced technologies and manufacturing, economic cooperation has turned to rivalry.
From death to possibility: where’s next Chinese blue panel sea?2025-01-14
On December 30, 2024, the National Aeronautics and Space Administration (NASA) released satellite images of a photovoltaic power station here. NASA mentioned that the Kubuqi Desert was once had a reputation for being a “sea of death” because it was sandy and mostly devoid of life, but the rapid increase in PV panels in recent years has transformed it into “a sea of possibility” for photovoltaic power generation. “The construction is part of China’s multiyear plan to build a“solar great wall,” NASA included.
China’s foreign trade boom in 2024 reshapes global markets2025-01-14
China's foreign trade in 2024 reached unprecedented levels, capturing global attention. Data from the General Administration of Customs of China revealed that total goods trade reached an impressive 43.85 trillion yuan (USD 5.98 trillion), marking a 5% increase from the previous year. Notably, the fourth quarter gained remarkable momentum, with December's trade alone surpassing 4 trillion yuan for the first time, achieving a 6.8% growth rate. These figures underscore a robust rebound, defying expectations and prompting many Western commentators to describe the results as surprising.
Sino-British reset: Reeves' visit and the pursuit of a balanced partnership2025-01-13
The three-day visit to China by Rachel Reeves, the newly appointed Chancellor of the Exchequer and the UK government's top economic official, arrived at a pivotal moment for both China and the UK. This journey carries the weight of rejuvenating a deeply subtle relationship between two global heavyweights.
China tackles inflation with bold policy moves2025-01-12
China's consumer inflation continues to sputter, with December revealing an incremental 0.1 percent year-on-year rise, a downtick from November’s 0.2 percent increase. This signal of subdued domestic demand amplifies calls from economists for assertive countercyclical measures to reignite consumption and revitalize the broader economy.
Pakistan manufactures freight wagons in joint-venture with Chinese company2025-01-09
In a busy factory in Lahore, Pakistan, the hum of machinery and the hustle of workers mark a new chapter for local railway freight transportation. Right now, 115 flat wagons are being assembled in Complete Knocked Down (CKD) form, with plans for them to roll out in April this year. These wagons are part of a larger order of 620 freight wagons being jointly produced by Pakistan Railways and the Chinese company Baotou Beifang Chuangye Co., Ltd.
The rise of BRICS is confronting old anxieties and shaping new realities2025-01-07
The dawn of 2025 brought a transformative shift in global geopolitics as nine nations -Belarus, Bolivia, Indonesia, Kazakhstan, Thailand, Cuba, Uganda, Malaysia, and Uzbekistan -officially joined the ranks of BRICS. The significance of this development extends far beyond mere economics; it signifies a collective stride toward crafting a multipolar world order.
China’s resilience amid economic and social transformation2025-01-04
In 2024, China’s economy has demonstrated a quiet resilience, tackling a treacherous global landscape with measured progress. While challenges persist, the contours of a rebound are clear: In the first three quarters, the national per capita disposable income of residents was 30,941 yuan, a nominal increase of 5.2% over the same period last year. After deducting price factors, the actual increase was 4.9%.
