The People's Bank of China (PBC), China’s central bank, will cut the reserve requirement ratio (RRR) for all banks by 50 basis points, the amount of cash that banks must hold as reserves, from February 5, providing the market with approximately 1 trillion yuan ($141.05 billion) of long-term liquidity, PBC governor Pan Gongsheng announced on […]

Chinese Premier Li Qiang on Tuesday called for global cooperation in various areas to rebuild global trust, including strengthening macroeconomic policy coordination and international industrial specialization and cooperation, warning that lack of trust and fragmentation will risk global economic growth and peaceful development. In a special address at the World Economic Forum (WEF) annual meeting […]

Cooperation between China and Nauru under the China-proposed Belt and Road Initiative (BRI) may accelerate following Nauru's recent decision to sever  "diplomatic ties" with the Taiwan island, Chinese observers said. They noted that the mutually beneficial cooperation between Nauru and China will bring tangible benefits to local residents and provide new momentum for the economic […]

Fish were harvested out of a marine ranch off the coast of a liquefied natural gas (LNG) receiving facility, run by Chinese oil giant CNOOC, on Thursday, in the latest example of harnessing "cold energy" generated from LNG's liquid-to-gas conversion. A total of 1,000 kilograms of red snapper and other Lutjanus fishes have grown accustomed […]

The Chinese economy still retains vitality, which is manifested in the great leaps China has made in developing innovations in areas such as finance and artificial intelligence, Edmund Phelps, winner of the 2006 Nobel Prize in economics, told Global Times in a recent interview.  Phelps' research focuses mainly on growth theory and employment theory. He […]

As Nauru announced Monday that it will recognize the one-China principle and sever "diplomatic relations" with Taiwan, experts noted that Nauru has seen win-win results of cooperation between China and South Pacific island nations, and China and Nauru will accelerate cooperation in agriculture and infrastructure fields. In a post on Facebook, the government of Nauru […]

The Working Group on Enhancing Climate Action in the 2020s between China and the US was launched on Friday via video conference. The meeting was co-chaired by Xie Zhenhua, China's special envoy for climate change, and John Kerry, US special presidential envoy for climate, according to China’s Ministry of Ecology and Environment.  Other officials from […]

As the fourth Chinese People's Police Day was celebrated on Wednesday, the Chinese Ministry of State Security (MSS) released details about three spy cases, honoring the state security officers' contributions to China's counter-espionage security work, which achieved significant progress in 2023. 2024 is a crucial year for the comprehensive establishment, accumulation, and consolidation of the […]