Global trade realignment an opportunity for closer China-ASEAN cooperation

There has been a lot of discussion about the rise or fall of China-US trade, but less attention has been paid to another important participant in global industry chains - Southeast Asia. A Bloomberg article said Monday that for the first time, China exported more to Southeast Asia in 2023 than to the US. If […]

2024 Blue Book of Henan’s Energy officially released

On January 13, the "ANNUAL REPORT ON HENAN'S ENERGY DEVELOPMENT (2024)" (2024 BLUE BOOK OF HENAN'S ENERGY), jointly compiled by State Grid Henan Economic Research Institute and Henan Academy of Social Sciences, was officially released. The book is the eighth annual report of the Blue Book series, with a total of 22 special reports on […]

Economy ends year on positive note despite complex, challenging environment

China's economy ended 2023 on a positive note, recording a year-on-year GDP growth of 5.2 percent and surpassing the set target.  In December, with the effective implementation of various macroeconomic policies, the national economy maintained the stable recovery momentum, with most indicators rebounding or stabilizing, excluding the real estate sector. Looking back to the quarterly […]

China mediates formal ceasefire deal between Myanmar military and armed groups

Under China's meditation and facilitation efforts, a formal ceasefire agreement has been reached between the Myanmar military and three ethnic armed groups in northern Myanmar, namely the Myanmar National Democratic Alliance Army, the Ta'ang National Liberation Army, and the Arakan Army, after the two sides held peace talks in the city of Kunming in Southwest […]

N.China’s Baotou aims to expand rare-earth industrial scale to over $14 billion in 2024

Baotou, North China's Inner Mongolia Autonomous Region, which holds over 80 percent of the nation's rare-earth reserves, aims to accelerate rare-earth new material industry and application during 2024.  According to guidelines issued by the municipal government, Baotou aims to expand the rare-earth industrial scale to 100 billion yuan ($14.08 billion) and establish itself as China's […]

US government shutdown risk not defused yet, raising global concerns over its debt levels: experts

US Congress has reportedly reached a deal on how much the US government will spend in 2024 in a significant move toward avoiding a shutdown, but it doesn't necessarily defuse the threat altogether, Chinese observers said. The US government shutdown risk reflects Washington's "declining fiscal management and governance ability," which may negatively impact US economy […]

China releases document for soliciting opinions on management of cybersecurity incident reporting

The Cyberspace Administration of China (CAC) released a draft for soliciting opinions on management of cybersecurity incident reporting on Friday. The draft specifies that the theft of national security information should be recognized as a severe cybersecurity incident, and those who fail to report it as required will be subject to punishment. According to the […]