The half-marathon in Beijing’s E-Town economic and technological development zone on Sunday showcased a leap in the capabilities of Chinese-made humanoid robots. The winner of the race, autonomous-navigation robot “Lightning”, developed by Honor, completed the race in an impressive 50 minutes and 26 seconds, despite a minor mishap near the finish line, surpassing the human world record. “Lightning” incorporates Honor’s proprietary integrated joint modules, delivering a peak torque of 400 Nm. Its liquid-cooling system features cooling channels that penetrate deep into the motor’s interior like capillaries to dissipate heat, while…
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Few ideas in global finance generate as much anxiety as de-dollarization. To some Western observers, any attempt to reduce reliance on the US dollar is automatically framed as a political challenge to American power. Yet for much of the developing world, the conversation is far less ideological and far more practical. The push to diversify global payment systems and promote the use of local currencies is not about confrontation; it is a response to economic realities that many countries have lived with for decades. The dominance of the dollar has…
Actively promoting the reform process of the international financial system to adapt to changes in the global economic landscape is not only essential for advancing the international order toward a more just and equitable direction, but also a reasonable demand of the vast majority of developing countries. On December 27, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), now a World Bank institution, celebrate 80 years since they officially came into existence in late 1945. These institutions became the two main pillars of the…
There are no Chinese warships operating in Greenland and no significant Chinese investments in the region, Denmark’s Foreign Minister Lars Lokke Rasmussen said in Washington on Wednesday, as he countered US threats to seize the Arctic island. Rasmussen, together with Greenland’s Foreign Minister Vivian Motzfeldt, had an hourlong meeting with US Vice-President J.D. Vance and Secretary of State Marco Rubio at the White House, the first face-to-face meeting between the high-level officials as Washington’s rhetoric of taking full control Greenland has run high. “It was a great opportunity also for…
Amid global tensions involving Venezuela and Iran, there is hope that the scheduled meeting between US President Donald Trump and his Chinese counterpart Xi Jinping in Beijing in April 2026 could arrest America’s aggressive and predatory policies. A possible Trump-Xi détente could also reduce risk-taking in the Taiwan Straits, and push China to take a different position on the Ukraine war. In 2025, Trump accepted an invitation from Xi to visit Beijing in April 2026. The call, as US media reported, was initiated by Xi. This was preceded by a…
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…
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 Jan. 1, 2027, according to the announcement. The move is welcomed by China’s domestic industry, with the China Photovoltaic Industry Association…
Biggest Global Economies According to our Consensus Forecast, of the top 10 largest economies in 2026, five will be in Europe, three in Asia and two in the Americas. Most of these economies—concretely the G7 members—are already wealthy in USD GDP per capita terms. However, there are also a few emerging markets on the list that are still relatively poor in per-person terms and whose large economic size is linked instead to their huge domestic populations. Likewise, while most of the economies in the top 10 have potential growth rates below…
HAIKOU — China’s largest offshore gas field, named Deep Sea No 1, has recently completed its 100th shipment of crude oil since being put into production, announced the China National Offshore Oil Corporation (CNOOC) on Friday. The field’s total oil and gas output in 2025 exceeded 4.5 million tons of oil equivalent, comparable to that of a medium-sized onshore oilfield. The project was implemented in two phases, with production commencing in 2021 and 2025, respectively. The second phase of the project represents the country’s most challenging deepwater gas development to…