Invigorating China through science and education was listed among the 10 major tasks in this year's Government Work Report, reflecting the emphasis Chinese policymakers have attached to the vital area as China climbs up the global technological ladder. Key tasks were outlined by Chinese Premier Li Qiang in the Government Work Report delivered to the […]

China's private Caixin Manufacturing Purchasing Managers' Index (PMI) recorded a month-on-month expansion in February, pointing to robust business activities among small and private enterprises. The official manufacturing PMI, also released on Friday, indicated a better production outlook following the Chinese New Year holidays. As the first major economic barometer in February, the PMI showed that […]

US Secretary of Commerce Gina Raimondo and Ahn Duk-geun, the South Korean minister for trade, industry and energy, held a telephone conversation on Tuesday. In their conversation, Ahn expressed willingness to enhance industrial cooperation with the US and called for more support over the Inflation Reduction Act (IRA), CHIPS Act subsidies and other trade issues. […]

China's Commerce Ministry (MOFCOM) on Monday blasted the US government's distortion of facts by claiming that China's justified trade measures are "economic coercion," saying that China is firmly opposed to the US unilateralism and its bullying practice. Recently, the US Trade Representative Office published a report on China's WTO compliance, which denies China's achievements in […]

US chipmaker Nvidia has reportedly identified Chinese tech company Huawei as a top competitor in several categories including artificial intelligence (AI) chips, a move which industry observers said underscored the rapid climb-up of Chinese companies' tech prowess, fueled by their stepped-up research and development (R&D) investments and the explosive demand in homegrown markets. The naming […]