The signs of a bull run are slowly but steadily emerging in China's A-share market, underpinned by ongoing structural reforms and sustained long-term capital inflows. Experts said the developing rally is expected to gain further traction on the back of policy support and a gradually improving external environment.
\n
Their remarks came on Wednesday as the benchmark Shanghai Composite Index rose for an eighth straight session, climbing 0.48 percent to close at 3,683.46 — its highest level since December 2021.
\n
The Shenzhen Component Index gained 1.76 percent, while the tech-heavy ChiNext surged 3.62 percent. The total turnover on the Shanghai and Shenzhen stock exchanges topped 2.1 trillion yuan ($292.69 billion) — a 13.5 percent increase from the previous day.
\n
Investor enthusiasm is surging on both the institutional and retail fronts. July witnessed a record monthly number of new mutual fund launches, reflecting rising interest among households in equity assets as returns from traditional savings and wealth management products continue to decline. Total assets under management in public mutual funds have now exceeded 34 trillion yuan.
\n
Insurance companies are also ramping up their presence in the A-share market. The number of public disclosures triggered by insurers' equity holdings surpassing the 5 percent threshold has already exceeded last year's total. Analysts said insurers are increasingly focusing on companies from the emerging industries and advanced manufacturing sectors, supporting China's shift toward high-quality development.
\n
Yang Delong, chief economist at First Seafront Fund, said that insurance companies have played an increasingly stabilizing role in the A-share market by boosting their equity allocations. He noted that insurers have recently focused more of their research on companies engaged in new quality productive forces, a move that supports China's broader push to upgrade its real economy and enhance long-term investment value.
\n
Retail investor participation is also rising. Nearly 14.6 million individual trading accounts were opened in the first seven months of 2025, a 37 percent year-on-year increase, according to data provider Wind Info.
\n
Furthermore, foreign investors have been steadily increasing their exposure to Chinese equities, including A-shares and Hong Kong-listed stocks. Net foreign inflows totaled $2.7 billion in July, more than double the level in June, according to a recent report by Morgan Stanley.
\n
Analysts said the macro environment is becoming increasingly favorable for Chinese equities. Expectations of a weaker US dollar and potential interest rate cuts by the Federal Reserve are improving the outlook for emerging markets. The narrowing interest rate differential between China and the United States could further accelerate foreign capital inflows.
\n
Hong Hao, chief investment officer at Lotus Asset Management, said the upward momentum of Chinese stocks will sustain for a long time if the US dollar's weakness proves to be a multiyear trend. Also, the Chinese market has been increasingly resilient in the face of negative tariff headlines.
\n
Given the current favorable liquidity conditions in the Chinese market and the fear-of-missing-out sentiment, any corrections in the A-share market are likely to be quickly absorbed by buyers, he added.
\n
Zhu Liang, chief investment officer at AllianceBernstein China, said that despite strong gains in recent weeks — with the Shanghai Composite Index up nearly 7 percent and the Shenzhen Component Index up more than 10 percent since July — valuations in the A-share market remain attractive.
\n
Sounding a word of caution, some experts said that risk appetite in the A-share market may be suppressed by factors such as changes in tariff talks between China and the US, as well as domestic challenges facing the Chinese economy.
\n
He Kang, chief strategy analyst at Huatai Securities, said that there are still challenges regarding China's economic recovery, as efforts by policymakers to create a fairer competition environment may take time to show effect, and this may affect the profitability outlook of A-share companies.
\n
shijing@chinadaily.com.cn
\n",
- "content": "
The signs of a bull run are slowly but steadily emerging in China's A-share market, underpinned by ongoing structural reforms and sustained long-term capital inflows. Experts said the developing rally is expected to gain further traction on the back of policy support and a gradually improving external environment.
\n
Their remarks came on Wednesday as the benchmark Shanghai Composite Index rose for an eighth straight session, climbing 0.48 percent to close at 3,683.46 — its highest level since December 2021.
\n
The Shenzhen Component Index gained 1.76 percent, while the tech-heavy ChiNext surged 3.62 percent. The total turnover on the Shanghai and Shenzhen stock exchanges topped 2.1 trillion yuan ($292.69 billion) — a 13.5 percent increase from the previous day.
\n
Investor enthusiasm is surging on both the institutional and retail fronts. July witnessed a record monthly number of new mutual fund launches, reflecting rising interest among households in equity assets as returns from traditional savings and wealth management products continue to decline. Total assets under management in public mutual funds have now exceeded 34 trillion yuan.
\n
Insurance companies are also ramping up their presence in the A-share market. The number of public disclosures triggered by insurers' equity holdings surpassing the 5 percent threshold has already exceeded last year's total. Analysts said insurers are increasingly focusing on companies from the emerging industries and advanced manufacturing sectors, supporting China's shift toward high-quality development.
\n
Yang Delong, chief economist at First Seafront Fund, said that insurance companies have played an increasingly stabilizing role in the A-share market by boosting their equity allocations. He noted that insurers have recently focused more of their research on companies engaged in new quality productive forces, a move that supports China's broader push to upgrade its real economy and enhance long-term investment value.
\n
Retail investor participation is also rising. Nearly 14.6 million individual trading accounts were opened in the first seven months of 2025, a 37 percent year-on-year increase, according to data provider Wind Info.
\n
Furthermore, foreign investors have been steadily increasing their exposure to Chinese equities, including A-shares and Hong Kong-listed stocks. Net foreign inflows totaled $2.7 billion in July, more than double the level in June, according to a recent report by Morgan Stanley.
\n
Analysts said the macro environment is becoming increasingly favorable for Chinese equities. Expectations of a weaker US dollar and potential interest rate cuts by the Federal Reserve are improving the outlook for emerging markets. The narrowing interest rate differential between China and the United States could further accelerate foreign capital inflows.
\n
Hong Hao, chief investment officer at Lotus Asset Management, said the upward momentum of Chinese stocks will sustain for a long time if the US dollar's weakness proves to be a multiyear trend. Also, the Chinese market has been increasingly resilient in the face of negative tariff headlines.
\n
Given the current favorable liquidity conditions in the Chinese market and the fear-of-missing-out sentiment, any corrections in the A-share market are likely to be quickly absorbed by buyers, he added.
\n
Zhu Liang, chief investment officer at AllianceBernstein China, said that despite strong gains in recent weeks — with the Shanghai Composite Index up nearly 7 percent and the Shenzhen Component Index up more than 10 percent since July — valuations in the A-share market remain attractive.
\n
Sounding a word of caution, some experts said that risk appetite in the A-share market may be suppressed by factors such as changes in tariff talks between China and the US, as well as domestic challenges facing the Chinese economy.
\n
He Kang, chief strategy analyst at Huatai Securities, said that there are still challenges regarding China's economic recovery, as efforts by policymakers to create a fairer competition environment may take time to show effect, and this may affect the profitability outlook of A-share companies.
Competitors from the Netherlands carry their robots onto the field for adjustments and training at Beijing's National Speed Skating Oval on Tuesday, ahead of the 2025 World Humanoid Robot Games. The event is being held from Thursday to Sunday, with over 500 humanoid robots competing in 26 events and 538 competitions.
A Chinese mainland spokeswoman on Wednesday criticized the Lai Ching-te administration in Taiwan for prioritizing political self-interest over public welfare, following recent polls showing Lai's approval ratings were the lowest they've been since he took office last year.
\n
The surveys, including one from Formosa Publishing and other "pro-independence" institutions in Taiwan, indicated a significant drop in satisfaction with Lai's performance, with dissatisfaction and distrust both exceeding 50 percent.
\n
This decline in approval comes as Taiwan society expresses dissatisfaction over the United States' recent announcement of a 20 percent tariff on most of Taiwan's exports. This rate is higher than the 15 percent export tariff imposed on Japan and South Korea, which are major competitors to Taiwan, posing a substantial challenge for Taiwan businesses.
\n
In response, the Lai administration of the island stated that the tariff rates are still negotiable and mentioned the possibility of increasing investments in the US by an additional $400 billion, sparking criticism in Taiwan.
\n
At the same time, the US reportedly planned to impose a 100 per-cent tariff on semiconductor imports while announcing that Taiwan Semiconductor Manufacturing Company, the island's pillar industry, will invest $300 billion in the US to build the world's largest wafer factory in Arizona.
\n
Zhu Fenglian, spokeswoman for the Taiwan Affairs Office of the State Council, accused the Democratic Progressive Party-led administration of having "no bottom line" in selling out Taiwan and being obedient in its response to US demands. She noted that the proposed $400 billion investment equates to half of Taiwan's annual GDP.
\n
Zhu said that the DPP's willingness to hand over TSMC and allow the US to extract value from Taiwan's advantageous industries demonstrated a lack of commitment and capability to safeguard Taiwan's economic development and the welfare of its people.
\n
She said that Taiwan could have mitigated rising external risks and uncertainties by strengthening economic cooperation with the mainland. Instead, she accused the DPP of harboring a misguided desire for "independence" through reliance on external forces, ultimately harming Taiwan's development interests.
\n
Meanwhile, Hsiao Hsu-tsen, executive director of the Taiwan-based Ma Ying-jeou Culture and Education Foundation, criticized the Lai administration for its inadequate response to the southern Taiwan floods last month, noting that many residents remain without proper resettlement, leading to widespread public discontent.
\n
Hsiao accused the ineffective Lai administration of focusing on political ideology to divide the island facing the severe impact of the tariff increase on Taiwan's industries and people's livelihoods.
\n
"This kind of government is an 'internal hostile force' for the Taiwan people, and people should reject the DPP and Lai," he said.
\n
Zou Zhiqiang, deputy secretary-general of the US-based Alliance for China's Peaceful Reunification, said the recent rejection of Lai's planned "transit" through New York by the US indicated the country was unwilling to damage Sino-US relations over Taiwan, disproving the DPP's claim of a "rock-solid" relationship with the US.
\n
Zou said that Taiwan is not a core interest for the US and is seen merely as a pawn that could be discarded at any moment.
\n
zhangyi1@chinadaily.com.cn
\n",
- "content": "
A Chinese mainland spokeswoman on Wednesday criticized the Lai Ching-te administration in Taiwan for prioritizing political self-interest over public welfare, following recent polls showing Lai's approval ratings were the lowest they've been since he took office last year.
\n
The surveys, including one from Formosa Publishing and other "pro-independence" institutions in Taiwan, indicated a significant drop in satisfaction with Lai's performance, with dissatisfaction and distrust both exceeding 50 percent.
\n
This decline in approval comes as Taiwan society expresses dissatisfaction over the United States' recent announcement of a 20 percent tariff on most of Taiwan's exports. This rate is higher than the 15 percent export tariff imposed on Japan and South Korea, which are major competitors to Taiwan, posing a substantial challenge for Taiwan businesses.
\n
In response, the Lai administration of the island stated that the tariff rates are still negotiable and mentioned the possibility of increasing investments in the US by an additional $400 billion, sparking criticism in Taiwan.
\n
At the same time, the US reportedly planned to impose a 100 per-cent tariff on semiconductor imports while announcing that Taiwan Semiconductor Manufacturing Company, the island's pillar industry, will invest $300 billion in the US to build the world's largest wafer factory in Arizona.
\n
Zhu Fenglian, spokeswoman for the Taiwan Affairs Office of the State Council, accused the Democratic Progressive Party-led administration of having "no bottom line" in selling out Taiwan and being obedient in its response to US demands. She noted that the proposed $400 billion investment equates to half of Taiwan's annual GDP.
\n
Zhu said that the DPP's willingness to hand over TSMC and allow the US to extract value from Taiwan's advantageous industries demonstrated a lack of commitment and capability to safeguard Taiwan's economic development and the welfare of its people.
\n
She said that Taiwan could have mitigated rising external risks and uncertainties by strengthening economic cooperation with the mainland. Instead, she accused the DPP of harboring a misguided desire for "independence" through reliance on external forces, ultimately harming Taiwan's development interests.
\n
Meanwhile, Hsiao Hsu-tsen, executive director of the Taiwan-based Ma Ying-jeou Culture and Education Foundation, criticized the Lai administration for its inadequate response to the southern Taiwan floods last month, noting that many residents remain without proper resettlement, leading to widespread public discontent.
\n
Hsiao accused the ineffective Lai administration of focusing on political ideology to divide the island facing the severe impact of the tariff increase on Taiwan's industries and people's livelihoods.
\n
"This kind of government is an 'internal hostile force' for the Taiwan people, and people should reject the DPP and Lai," he said.
\n
Zou Zhiqiang, deputy secretary-general of the US-based Alliance for China's Peaceful Reunification, said the recent rejection of Lai's planned "transit" through New York by the US indicated the country was unwilling to damage Sino-US relations over Taiwan, disproving the DPP's claim of a "rock-solid" relationship with the US.
\n
Zou said that Taiwan is not a core interest for the US and is seen merely as a pawn that could be discarded at any moment.
With the Qinghai-Tibet Plateau experiencing an increasingly warmer and wetter climate, soil carbon storage is expected to rise, according to a recent study. However, this increase is fragile and can be easily undermined by extreme events tied to global warming and human activities.
\n
"The total carbon sink of the ecosystem on the Qinghai-Tibet Plateau now accounts for around 15 percent of the nation's," said Wang Tao, corresponding author of the study published in academic journal Nature Communications. Wang, a researcher at the Institute of Tibetan Plateau Research of the Chinese Academy of Sciences, emphasized the significance of understanding the plateau's carbon storage potential to support China's dual carbon goals — peaking carbon emissions before 2030 and achieving carbon neutrality before 2060.
\n
The study revealed that the soil carbon pool on the plateau constitutes over 90 percent of its total ecosystem carbon pool, serving as the cornerstone that supports the plateau's ecological security barrier function.
\n
The research team conducted a systematic grid-based soil sampling campaign across the plateau, using multi-source observational data, including 4,170 soil profiles and long-term controlled incubation experiments, to develop an observation-constrained soil carbon cycle model. This model projects climate change impacts on the plateau's soil carbon stocks.
\n
"Previous studies often relied on field infrared warming experiments to simulate the impacts of climate warming on changes in soil carbon stocks, but these approaches have inherent limitations," Wang said.
\n
He noted that such experiments are costly and typically control only temperature as a single variable, neglecting interactions among multiple climate factors. In addition, regional sensitivity to warming varies significantly across the plateau, resulting in high uncertainty when extrapolating results to broader scales, Wang said.
\n
To address the challenges, the study analyzed 0-to-1-meter depth soil samples which were extracted from 2019 to 2022 — a layer storing over half of the plateau's total soil carbon — from diverse regions. By integrating experimental data into the model, the team revealed the plateau-wide response mechanism of soil carbon stocks to warming.
\n
The study found that as the climate gets warmer and wetter, it is expected to positively influence vegetation growth and enhance soil carbon accumulation. However, more than half the newly accumulated carbon will be in active or non-protected forms, making it highly sensitive to extreme global-warming events and grazing disturbances.
\n
"The permafrost regions of the plateau constitute one of its largest terrestrial carbon pools. However, accelerating permafrost thaw under climate change can trigger abrupt thermokarst collapse, rapidly releasing previously sequestered carbon. This vulnerability is particularly prominent in soils with non-protected forms," Wang said, warning that such releases could offset over half the carbon gains from climate mitigation efforts.
\n
The study also synthesized 296 field grazing experiments from across the plateau, finding that if previous overgrazing management practices continue, grazing-induced carbon losses will almost entirely offset climate-driven carbon gains. Wang stressed the importance of effective grazing management, suggesting rotational grazing systems or restoring traditional nomadic practices to enable grassland regeneration.
\n
limenghan@chinadaily.com.cn
\n",
@@ -9966,28 +9922,6 @@
"hash": "2f83f6689d30a6f3c9f49e9e34c95921",
"highlights": []
},
- {
- "title": "008COMMENT - US annual human rights circus show exposes its hypocrisy and political bias",
- "description": "
The US Department of State released its annual Country Reports on Human Rights Practices on Tuesday, about three months later than usual. However, the additional time has not been spent improving the content to align with facts, but instead on reducing it to about one-third the length of last year's reports.
\n
The tremendous amount of reediting work that has been done is to ensure that the reports conform with the US administration's policies, even though the State Department has described it as an effort to make the reports more "streamlined", "more readable" and adhering more closely to what's required to be in them by law.
\n
For instance, the agency removed whole categories of violations not "explicitly required by statute", including gender-based violence and environmental justice. The deleted material includes issues widely regarded as fundamental rights under international law, such as the right to a fair public trial, as National Public Radio observed in a report.
\n
According to a State Department memo the US media obtained about the editing of the reports, editors were ordered to remove references to diversity, equity, and inclusion, sexual violence against children and violation of privacy.
\n
Even though the US administration insists it remains committed to defending human rights, the "minimalist rewrite", as some US lawmakers put it, fundamentally serves the US' domestic politics, and might not comply with domestic law, which requires a "full and complete" accounting of internationally recognized human rights.
\n
The United States has compiled these reports on every country in the world since the 1970s. The reports, which are invariably patchwork based on carefully selected "reported facts", constitute grave interference in other countries' internal affairs, and the practice is widely criticized by the international community.
\n
That Congress still relies on these assessments to shape decisions on foreign aid and weapons sales clearly demonstrates the reports' politicized nature. Human rights protection is only an excuse for the US to justify its interventionist foreign policies as well as weaponized sanctions that have no legitimate basis in international law.
\n
The irony is that human rights are essentially a privilege enjoyed only by a few in the US. Racial discrimination, inequality, and forced repatriations and deportations are just the tip of the iceberg.
\n
In February, the US president signed an executive order pulling the country out of the United Nations Human Rights Council again, unwarrantedly citing "political bias", particularly against Israel, and the agency's alleged "failure" to adequately address human rights abuses globally as due cause.
\n
But the reality is it is the US that applies "political bias" on human rights issues, and it is the US that is actually, overtly or covertly, behind many human rights abuses and humanitarian crises around the world, such as the one unfolding in Gaza.
\n
The US baselessly criticizes China over so-called human rights issues related to the Xinjiang Uygur autonomous region in the reports. If the US administration truly cares about the human rights of Muslims, why does it turn a blind eye to the hell on earth in Gaza? Why does it turn a blind eye to the historical injustices suffered by the Palestinian people? These are questions the Chinese ambassador to the UN raised recently at a UN gathering, toward which his US counterpart was as mute as a fish.
\n
The US withdrew from the United Nations human rights body in 2018 — on similar grounds, in disregard of the fact that its cutting off funding to the agency will seriously affect many of its critical humanitarian aid projects in the least developed countries.
\n
No wonder the extent to which the US government can manipulate the concept of "human rights" to suit its own policy changes has even made many ardent supporters of the US' weaponization of human rights dumbstruck. Many so-called bedrock principles of human rights, such as those related to gender, the environment, race and judicial justice, that have been taken for granted by generations of human rights advocates as the foundation of the US beacon, have bitten the dust.
\n
As such, the reports are naturally devoid of credibility. Instead of showing the US as being principled, they only serve to expose its hypocrisy and double standards on the issue. Using human rights as a political tool undermines humanity's core values and basic principles. It also poses serious risks, such as its potential to escalate conflicts and jeopardize cooperation on pressing global issues. Exercising political bias on human rights, the US only exacerbates the global turbulence with its latest annual human rights circus show.
\n",
- "content": "
The US Department of State released its annual Country Reports on Human Rights Practices on Tuesday, about three months later than usual. However, the additional time has not been spent improving the content to align with facts, but instead on reducing it to about one-third the length of last year's reports.
\n
The tremendous amount of reediting work that has been done is to ensure that the reports conform with the US administration's policies, even though the State Department has described it as an effort to make the reports more "streamlined", "more readable" and adhering more closely to what's required to be in them by law.
\n
For instance, the agency removed whole categories of violations not "explicitly required by statute", including gender-based violence and environmental justice. The deleted material includes issues widely regarded as fundamental rights under international law, such as the right to a fair public trial, as National Public Radio observed in a report.
\n
According to a State Department memo the US media obtained about the editing of the reports, editors were ordered to remove references to diversity, equity, and inclusion, sexual violence against children and violation of privacy.
\n
Even though the US administration insists it remains committed to defending human rights, the "minimalist rewrite", as some US lawmakers put it, fundamentally serves the US' domestic politics, and might not comply with domestic law, which requires a "full and complete" accounting of internationally recognized human rights.
\n
The United States has compiled these reports on every country in the world since the 1970s. The reports, which are invariably patchwork based on carefully selected "reported facts", constitute grave interference in other countries' internal affairs, and the practice is widely criticized by the international community.
\n
That Congress still relies on these assessments to shape decisions on foreign aid and weapons sales clearly demonstrates the reports' politicized nature. Human rights protection is only an excuse for the US to justify its interventionist foreign policies as well as weaponized sanctions that have no legitimate basis in international law.
\n
The irony is that human rights are essentially a privilege enjoyed only by a few in the US. Racial discrimination, inequality, and forced repatriations and deportations are just the tip of the iceberg.
\n
In February, the US president signed an executive order pulling the country out of the United Nations Human Rights Council again, unwarrantedly citing "political bias", particularly against Israel, and the agency's alleged "failure" to adequately address human rights abuses globally as due cause.
\n
But the reality is it is the US that applies "political bias" on human rights issues, and it is the US that is actually, overtly or covertly, behind many human rights abuses and humanitarian crises around the world, such as the one unfolding in Gaza.
\n
The US baselessly criticizes China over so-called human rights issues related to the Xinjiang Uygur autonomous region in the reports. If the US administration truly cares about the human rights of Muslims, why does it turn a blind eye to the hell on earth in Gaza? Why does it turn a blind eye to the historical injustices suffered by the Palestinian people? These are questions the Chinese ambassador to the UN raised recently at a UN gathering, toward which his US counterpart was as mute as a fish.
\n
The US withdrew from the United Nations human rights body in 2018 — on similar grounds, in disregard of the fact that its cutting off funding to the agency will seriously affect many of its critical humanitarian aid projects in the least developed countries.
\n
No wonder the extent to which the US government can manipulate the concept of "human rights" to suit its own policy changes has even made many ardent supporters of the US' weaponization of human rights dumbstruck. Many so-called bedrock principles of human rights, such as those related to gender, the environment, race and judicial justice, that have been taken for granted by generations of human rights advocates as the foundation of the US beacon, have bitten the dust.
\n
As such, the reports are naturally devoid of credibility. Instead of showing the US as being principled, they only serve to expose its hypocrisy and double standards on the issue. Using human rights as a political tool undermines humanity's core values and basic principles. It also poses serious risks, such as its potential to escalate conflicts and jeopardize cooperation on pressing global issues. Exercising political bias on human rights, the US only exacerbates the global turbulence with its latest annual human rights circus show.
Editor's Note: China has the largest port infrastructure in the world. Su Fengming, a researcher at the Chinese Academy of Macroeconomic Research, spoke to People's Daily Overseas Edition about the measures needed to meet evolving trade and logistics demands. Below are excerpts from the interview. The views don't necessarily represent those of China Daily.
\n
During the 14th Five-Year Plan (2021-25) period, China's ports registered impressive growth, with throughput hitting record highs and handling capacity further enhanced. Service levels also steadily improved with an increase in the number of large-scale and specialized berths. In 2024, the number of operational berths reached 22,219, of which 2,971 berths had a capacity of 10,000 tons or more, a 14.62 percent increase compared with 2020. The construction of port cluster systems has also begun to show results.
\n
The smart and green transformation of China's ports is in the fast lane. Technologies such as big data, artificial intelligence, the internet of things and cloud computing are being used for remote port control, unmanned container truck scheduling, dynamic yard optimization and berth plan optimization. These measures have helped to significantly improve operational efficiency. China ranks first in the world in both the existing and under-construction scale of automated container and dry bulk terminals, while the creation of a number of near zero carbon ports is being expedited.
\n
China's integration and optimization of port resources is also deepening, and multimodal transport is rapidly expanding. Currently, 10 coastal provinces and seven provinces along the Yangtze River have established provincial-level port groups and commenced integrated port operations.
\n
China has also formed world-class port clusters that span provincial-level administrative regions and have been elevated to national-level regional coordinated development. These include the Bohai Rim, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area.
\n
In the next stage, China's ports will need to play a key role in the country's development. Given the complex and changing international landscape, they must enhance their functions, widen their coverage and diversify their supply chain services to meet the country's complex production, trade and logistics needs.
\n
First, efforts should be made to strengthen resource integration and leverage cluster effects. Inland ports should strengthen their strategic cooperation with seaports, link domestic and foreign trade routes and make transit logistics more efficient.
\n
Second, the government needs to build water-land interchange hubs to optimize the logistics networks. It must vigorously develop multimodal transport, connect water and land transport systems, develop warehousing and other supporting logistics facilities and expand the two-way service capacity. Ports should become logistics hubs that connect various related entities.
\n
Third, it is necessary to develop hub economies and promote the deep integration of ports, industries and cities. Modern ports should have comprehensive service platforms that link all related industries and provide services in trade, finance, insurance and production. This would enhance the ability of ports to control supply chains, pool resources from industries and towns, and promote mutual prosperity.
\n
Fourth, the authorities should adapt to changes in international trade flows and shifts in the industry and supply chains, strengthen linkages between domestic and overseas ports, support the construction of route networks centered on Chinese ports, and further open up land-sea transport channels.
A pharmacist pulls a drug from a shelf inside a pharmacy in Provo, US state of Utah, on Aug 7.
\n
The proposed US tariffs of up to 250 percent on pharmaceuticals could trigger shortages, inflate costs and disrupt the tightly integrated drug trade with Canada, health economists say.
\n
"A sudden, steep tariff would raise procurement costs for manufacturers and distributors, as the US sources most of its active pharmaceutical ingredients and many finished medicines from abroad," said Boshen Jiao, an assistant professor of pharmaceutical and health economics at the University of Southern California.
\n
United States President Donald Trump said on Aug 5 that the planned tariffs on imported pharmaceuticals could eventually reach 250 percent, in a bid to bring drug manufacturing back to the country.
\n
He said he will initially impose a "small tariff" on pharmaceuticals, but within a year to 18 months at the latest, he will raise the rate to 150 percent and then 250 percent.
\n
"This could prompt adjustments in sourcing, order delays or scaling back of certain product lines — straining the already fragile supply chains, especially for generic drugs with limited suppliers, and increasing the risk of shortages," Jiao said.
\n
With higher import costs and few short-term substitutes, "some of the added costs would likely be passed along to payers, pharmacies and ultimately patients", he said.
\n
The size of price increases would depend on competition and existing contracts, and "many products without domestic alternatives could see costs rise noticeably in the near term", he added.
\n
Some large US pharmaceutical companies have already announced plans for new domestic facilities, Jiao said.
\n
Over the longer term, he said there would be "higher sustained production costs" because manufacturing in the US generally involves greater expenses due to wages, regulatory compliance and infrastructure requirements.
\n
Jiao also pointed to "capacity constraints", noting that building and certifying new pharmaceutical facilities "is a multiyear undertaking that requires substantial capital and FDA(Food and Drug Administration) approval, creating a gap between tariff implementation and any significant increase in domestic output".
\n
"Higher operating costs and market volatility could lead manufacturers to divert resources away from research and development to meet short-term financial demands," he said.
\n
For Canada, he said the two countries "share integrated supply chains for finished medicines, as well as for materials, manufacturing processes and technical expertise".
\n
Trade flows
\n
Significant US tariff increases could "change cross-border trade flows, raise costs for Canadian buyers of US-sourced products, and influence manufacturing location decisions by multinational firms", Jiao said.
\n
While tariffs can encourage domestic manufacturing, they are "unlikely to deliver a robust or diversified manufacturing base" on their own, he added.
\n
"Many experts recommend pairing them with targeted subsidies, tax incentives, streamlined regulatory processes and long-term procurement contracts to make domestic production economically viable and sustainable, particularly for essential generic drugs.
\n
"A balanced strategy that combines these measures with broader supply chain diversification is generally viewed as more effective for improving resilience," he said.
\n
Paul Grootendorst, a professor of health services research at the University of Toronto, said the US plan to sharply raise tariffs on pharmaceuticals could drive up drug prices in both the US and Canada, while threatening Canadian exports and jobs.
\n
The Canadian pharmaceutical industry exported $5.34 billion of drugs to the US during 2024, he said.
\n
Grootendorst said he believes the short-term increase in costs from the tariffs would be passed on to consumers, meaning there would be no effect on Canada.
\n
"In the longer term, the US may increase domestic production of pharmaceuticals, especially if tariffs increase to 250 percent. This will result in less Canada production and likely some job losses," he said.
\n
Many of the drugs Canadians use are imported from the US, he said.
\n
"Tariffs will make US-produced drugs more expensive if they rely on imported ingredients that will be subject to tariffs. Thus, the price of US drug imports will likely increase."
\n
Canada might be able to find non-US suppliers for some generic drugs, he added, "but there might be no alternatives for other patented drugs".
\n
On the Canadian side, Grootendorst said the effect on patients would depend on their coverage.
\n
"Some plans require beneficiaries to pay 20 percent or some other percent of drug costs — beneficiaries of these plans will pay more," he said.
\n
"Most other plans have co-pays, but the co-pays don't depend on the drug cost, so no impact on patients — the plan will absorb the cost.
\n
"Of course, private plans are mostly provided by employers to employees. Ultimately, higher prices are paid for by employees," he said.
\n
Given the high level of pharmaceutical trade between the countries, he said "there would be some fallout from the tariffs".
\n
Grootendorst suggested that Canada should "help producers look for other export markets" and "encourage prescribers to switch from US-made to European or Japanese-made drugs if these drugs are reasonable substitutes".
\n
gaoyang@chinadailyusa.com
\n",
- "content": "
A pharmacist pulls a drug from a shelf inside a pharmacy in Provo, US state of Utah, on Aug 7.
\n
The proposed US tariffs of up to 250 percent on pharmaceuticals could trigger shortages, inflate costs and disrupt the tightly integrated drug trade with Canada, health economists say.
\n
"A sudden, steep tariff would raise procurement costs for manufacturers and distributors, as the US sources most of its active pharmaceutical ingredients and many finished medicines from abroad," said Boshen Jiao, an assistant professor of pharmaceutical and health economics at the University of Southern California.
\n
United States President Donald Trump said on Aug 5 that the planned tariffs on imported pharmaceuticals could eventually reach 250 percent, in a bid to bring drug manufacturing back to the country.
\n
He said he will initially impose a "small tariff" on pharmaceuticals, but within a year to 18 months at the latest, he will raise the rate to 150 percent and then 250 percent.
\n
"This could prompt adjustments in sourcing, order delays or scaling back of certain product lines — straining the already fragile supply chains, especially for generic drugs with limited suppliers, and increasing the risk of shortages," Jiao said.
\n
With higher import costs and few short-term substitutes, "some of the added costs would likely be passed along to payers, pharmacies and ultimately patients", he said.
\n
The size of price increases would depend on competition and existing contracts, and "many products without domestic alternatives could see costs rise noticeably in the near term", he added.
\n
Some large US pharmaceutical companies have already announced plans for new domestic facilities, Jiao said.
\n
Over the longer term, he said there would be "higher sustained production costs" because manufacturing in the US generally involves greater expenses due to wages, regulatory compliance and infrastructure requirements.
\n
Jiao also pointed to "capacity constraints", noting that building and certifying new pharmaceutical facilities "is a multiyear undertaking that requires substantial capital and FDA(Food and Drug Administration) approval, creating a gap between tariff implementation and any significant increase in domestic output".
\n
"Higher operating costs and market volatility could lead manufacturers to divert resources away from research and development to meet short-term financial demands," he said.
\n
For Canada, he said the two countries "share integrated supply chains for finished medicines, as well as for materials, manufacturing processes and technical expertise".
\n
Trade flows
\n
Significant US tariff increases could "change cross-border trade flows, raise costs for Canadian buyers of US-sourced products, and influence manufacturing location decisions by multinational firms", Jiao said.
\n
While tariffs can encourage domestic manufacturing, they are "unlikely to deliver a robust or diversified manufacturing base" on their own, he added.
\n
"Many experts recommend pairing them with targeted subsidies, tax incentives, streamlined regulatory processes and long-term procurement contracts to make domestic production economically viable and sustainable, particularly for essential generic drugs.
\n
"A balanced strategy that combines these measures with broader supply chain diversification is generally viewed as more effective for improving resilience," he said.
\n
Paul Grootendorst, a professor of health services research at the University of Toronto, said the US plan to sharply raise tariffs on pharmaceuticals could drive up drug prices in both the US and Canada, while threatening Canadian exports and jobs.
\n
The Canadian pharmaceutical industry exported $5.34 billion of drugs to the US during 2024, he said.
\n
Grootendorst said he believes the short-term increase in costs from the tariffs would be passed on to consumers, meaning there would be no effect on Canada.
\n
"In the longer term, the US may increase domestic production of pharmaceuticals, especially if tariffs increase to 250 percent. This will result in less Canada production and likely some job losses," he said.
\n
Many of the drugs Canadians use are imported from the US, he said.
\n
"Tariffs will make US-produced drugs more expensive if they rely on imported ingredients that will be subject to tariffs. Thus, the price of US drug imports will likely increase."
\n
Canada might be able to find non-US suppliers for some generic drugs, he added, "but there might be no alternatives for other patented drugs".
\n
On the Canadian side, Grootendorst said the effect on patients would depend on their coverage.
\n
"Some plans require beneficiaries to pay 20 percent or some other percent of drug costs — beneficiaries of these plans will pay more," he said.
\n
"Most other plans have co-pays, but the co-pays don't depend on the drug cost, so no impact on patients — the plan will absorb the cost.
\n
"Of course, private plans are mostly provided by employers to employees. Ultimately, higher prices are paid for by employees," he said.
\n
Given the high level of pharmaceutical trade between the countries, he said "there would be some fallout from the tariffs".
\n
Grootendorst suggested that Canada should "help producers look for other export markets" and "encourage prescribers to switch from US-made to European or Japanese-made drugs if these drugs are reasonable substitutes".
South Africa is negotiating with the United States to scrap or reduce a 30 percent tariff imposed by Washington last week, while making progress in trade diversification, senior officials say.
\n
Parks Tau, South Africa's minister of trade, industry and competition, said in a media briefing on Tuesday that they have been engaging with US counterparts since Friday after the tariffs took effect, to remove them or get a mutually beneficial trade deal.
\n
They are negotiating with the US while seeking markets in other parts of the world, Tau said. "The Cabinet has approved that South Africa submit a revised offer as a basis for negotiations with the US."
\n
The new offer builds on the previous offer submitted in May and "substantively responds to the issues the US has raised in the 2025 National Trade Estimate Report", he said.
\n
"The government is going to do everything possible to keep the American market open for our goods. We will, at the same time, accelerate our efforts to diversify markets and build on the efforts we have put in place to ensure predictability in trade and leverage all our existing partnerships to secure markets for our products."
\n
South Africa has already addressed sanitary and phytosanitary measures in compliance with the biosecurity protocols affecting poultry and pork, Tau said. Under the protocol, the US can leverage the Tariff Rate Quota of 72,000 metric tons agreed in 2016.
\n
Meanwhile, he said his country will use the African Continental Free Trade Area to increase exports across Africa. South Africa will chair the Southern African Customs Union next month, where they will discuss the "unilateral trade tariffs" and decide on the mitigating measures as a region, he added.
\n
"The diversification is a strategic imperative to ensure better resilience of our economy to economic shocks. This is not a plan B; it is a plan A for long-term resilience and competitiveness.
\n
"We are looking at Asia — including Japan, Vietnam and Thailand — the Middle East, and India. We are pursuing these markets because we see growing demand, existing negotiations and a positive reception to South African products. This is not just about trade numbers; it is directly linked to job protection."
\n
Also on Tuesday, South Africa's Agriculture Minister John Steenhuisen said the country anticipates signing a deal with China next month to export plums, peaches, nectarines, apricots and prunes.
\n
The minister recently accompanied Deputy President Paul Mashatile to visit China, meeting various industries to increase South Africa's footprint there.
\n
"For the first time, we have been negotiating with China on five products, which are plums, peaches, nectarines, apricots and prunes," Steenhuisen said.
\n
"We are to conclude the signing of the protocol next month. We are exploring the zero-tariff platform from China. We are also engaging in zero tariffs, on what it means when we can start benefiting from it.
\n
"We see some market growth potential there. China is one of the most populous countries, and if we get more consumers for our products, the better."
\n
China has announced a zero-tariff policy granting duty-free access to all 53 African countries with which it has diplomatic relations. South Africa would like to diversify its trade markets to prevent "overexposure" going into the future, Steenhuisen said.
\n
He expressed concern that, while negotiating with Washington on tariffs, some US officials are raising "other issues outside that space".
\n
The US is South Africa's third-largest trading partner after the European Union and China, accounting for about 7.5 percent of its exports. Meanwhile, South Africa is the 43rd export destination for US goods and accounts for just 0.25 percent of US imports. The country is therefore not a threat to US production, Tau said.
\n
Complementary ties
\n
He added that South Africa intends to prove that its exports do not pose a threat to US industries and that the trade relationship is, in fact, complementary. Tau said they will join more than 130 countries affected by the US tariffs to trade with them.
\n
South Africa will assist local companies in boosting domestic sales of products, with the online platform's future export capability to support export market diversification, he said. They will help companies affected by tariffs to get alternative trade deals in other parts of the world and financial support, he added.
\n
Bongani Motsa, a senior economist at the Minerals Council South Africa, said that among those expected to be hit by US tariffs are South Africa's iron ore and diamond sectors.
\n
"The direct impact will be minimal. With iron ore, the US market is about 0.2 percent of South Africa's total iron ore exports (volumes). The indirect impact is significantly more difficult to quantify," he said.
\n
"The tariffs imposed by the US on key South African trading partners — including China, the European Union and India — along with any retaliatory measures they may adopt, will largely influence the demand for South African mineral exports."
\n",
@@ -10054,28 +9966,6 @@
"hash": "bd348a85da682bb8b0b83434122b80d3",
"highlights": []
},
- {
- "title": "012WORLD - Africa crosses milestone in solar power",
- "description": "
While new solar installations are slowing in other parts of the world, Africa's solar sector is on a strong growth trajectory, dominated by the continent's northern and southern regions.
\n
According to a recent analysis by the Africa Solar Industry Association, the continent has just surpassed the symbolic milestone of 20 gigawatt-peak of installed capacity, with another 10 GWp currently under construction — a sign of buoyant activity and strong growth ahead.
\n
The installed capacity covers solar across utility-scale plants, commercial and industrial systems, mini-grids and solar home systems, underscoring the sector's breadth and diversity. Close to 40,000 different projects are currently at various stages of development.
\n
South Africa remains the engine of Africa's solar industry, accounting for approximately half of the continent's installed capacity, the association said.
\n
North Africa also contributes greatly to the tally, with Egypt, Morocco and Tunisia rounding out the top four countries hosting the most operational solar capacity.
\n
Other Southern African countries, including Zambia, Botswana, Zimbabwe and Namibia, are also rolling out significant solar capacities this year.
\n
Notably, despite being the most active solar market, South Africa hosts "only" 28 percent of current construction activity. However, together with Algeria, Egypt, Angola and Tunisia, they account for 75 percent of all ongoing solar construction across the continent.
\n
In North Africa, the next big push is expected from Algeria, which, after years of inaction, has committed to a whopping 3 gigawatt initiative across 20 projects. These projects are at various stages of construction, with several slated for commissioning before the end of the year.
\n
Figures from the association indicate that last year saw a 44 percent increase in new installations, building on the strong momentum of a 22 percent rise recorded in 2023.
\n
Utility-scale projects currently under construction account for 70 percent of the total, marking a solid rebound from the post-COVID years when the commercial and industrial segment dominated African solar.
\n
A 2025-28 report by the Global Solar Council highlights Africa's vast solar potential, noting the continent holds 60 percent of the world's best solar resources. However, solar power accounts for only 3 percent of Africa's electricity generation.
\n
The report also points out that capital costs for solar projects are three to seven times higher in Africa than in developed countries, and the continent only receives 3 percent of global energy investment — far below the $200 billion per year needed to meet energy access and climate goals.
\n
African countries have set an ambitious target to expand renewable energy capacity from 56 GW in 2022 to 300 GW by 2030. This bold vision is aimed at electrifying millions of homes, driving economic growth, and positioning the continent as a global leader in the fight against climate change.
\n
Meanwhile, China has emerged as a pivotal investor in Africa's renewable energy sector, building on the deepening partnership between the two sides.
\n
Data from the China Electricity Council, released in June, shows that since the start of China's 14th Five-Year Plan period (2021-25), Chinese entities have undertaken around 80 solar photovoltaic, wind power and hydropower projects in 28 African countries, including Nigeria, Zambia, Egypt and Ethiopia.
\n
edithmutethya@chinadaily.com.cn
\n",
- "content": "
While new solar installations are slowing in other parts of the world, Africa's solar sector is on a strong growth trajectory, dominated by the continent's northern and southern regions.
\n
According to a recent analysis by the Africa Solar Industry Association, the continent has just surpassed the symbolic milestone of 20 gigawatt-peak of installed capacity, with another 10 GWp currently under construction — a sign of buoyant activity and strong growth ahead.
\n
The installed capacity covers solar across utility-scale plants, commercial and industrial systems, mini-grids and solar home systems, underscoring the sector's breadth and diversity. Close to 40,000 different projects are currently at various stages of development.
\n
South Africa remains the engine of Africa's solar industry, accounting for approximately half of the continent's installed capacity, the association said.
\n
North Africa also contributes greatly to the tally, with Egypt, Morocco and Tunisia rounding out the top four countries hosting the most operational solar capacity.
\n
Other Southern African countries, including Zambia, Botswana, Zimbabwe and Namibia, are also rolling out significant solar capacities this year.
\n
Notably, despite being the most active solar market, South Africa hosts "only" 28 percent of current construction activity. However, together with Algeria, Egypt, Angola and Tunisia, they account for 75 percent of all ongoing solar construction across the continent.
\n
In North Africa, the next big push is expected from Algeria, which, after years of inaction, has committed to a whopping 3 gigawatt initiative across 20 projects. These projects are at various stages of construction, with several slated for commissioning before the end of the year.
\n
Figures from the association indicate that last year saw a 44 percent increase in new installations, building on the strong momentum of a 22 percent rise recorded in 2023.
\n
Utility-scale projects currently under construction account for 70 percent of the total, marking a solid rebound from the post-COVID years when the commercial and industrial segment dominated African solar.
\n
A 2025-28 report by the Global Solar Council highlights Africa's vast solar potential, noting the continent holds 60 percent of the world's best solar resources. However, solar power accounts for only 3 percent of Africa's electricity generation.
\n
The report also points out that capital costs for solar projects are three to seven times higher in Africa than in developed countries, and the continent only receives 3 percent of global energy investment — far below the $200 billion per year needed to meet energy access and climate goals.
\n
African countries have set an ambitious target to expand renewable energy capacity from 56 GW in 2022 to 300 GW by 2030. This bold vision is aimed at electrifying millions of homes, driving economic growth, and positioning the continent as a global leader in the fight against climate change.
\n
Meanwhile, China has emerged as a pivotal investor in Africa's renewable energy sector, building on the deepening partnership between the two sides.
\n
Data from the China Electricity Council, released in June, shows that since the start of China's 14th Five-Year Plan period (2021-25), Chinese entities have undertaken around 80 solar photovoltaic, wind power and hydropower projects in 28 African countries, including Nigeria, Zambia, Egypt and Ethiopia.
Shoppers buy vegetables at a supermarket in Lianyungang, Jiangsu province.
\n
China has unveiled a policy granting interest subsidies for consumer loans for a year, in a bid to cut household borrowing costs, stimulate spending, and accelerate economic growth by aligning fiscal and monetary measures.
\n
Vice-Minister of Finance Liao Min said on Wednesday this marks the first time the central government has subsidized individual consumer loans. From Sept 1, 2025, to Aug 31, 2026, those taking out personal consumer loans — excluding credit cards — from approved lenders and use them for actual consumption will qualify for the program.
\n
The subsidy covers single transactions under 50,000 yuan ($6,968) and single transactions of 50,000 yuan or more in key areas such as autos, elderly care, childbirth, education and training, culture and tourism, home furnishing and renovation, electronics and healthcare. At 1 percentage point, the subsidy ratio is about one-third of current commercial bank rates for such loans.
\n
Lou Feipeng, a researcher at Postal Savings Bank of China, said the measure will lower consumption costs and boost peoples' willingness to spend, while requiring banks to strictly verify loan use and, if necessary, channel funds through entrusted payments to control their flow.
\n
Industry experts believe the policy will ease debt burdens, support consumption, stimulate economic recovery and help stabilize banks' net interest margins.
\n
Lou said the subsidies will reduce interest costs through fiscal-financial coordination — unlike competitive rate-cutting — and share loan risks, protecting banks' net interest margins and asset quality while expanding business.
\n
Dong Ximiao, chief researcher at Merchants Union Consumer Finance and deputy director of the Shanghai Institution for Finance &Development, added that the policy will directly cut borrowing costs, encourage households to use credit to improve living standards and spur effective financing demand. This, he said, will increase lending by banks and consumer finance companies while keeping rates at reasonable levels, strengthening policy coordination to boost consumption and domestic demand.
\n
The financial sector widely agrees the key current challenge in the credit market is lackluster demand, not a lack of funds. China's central bank data show that in the first half, household loans rose by 1.17 trillion yuan, down from 1.46 trillion yuan a year earlier. Industrial Securities cited income and job pressures, plus tighter bank credit amid rising bad loans, as twin drags on consumer lending. Subsidies, by lowering borrowing costs and encouraging lending, could revive consumer lending without adding liquidity, as banks lend their own funds and apply subsidies afterward, allowing flexibility as financing costs change.
\n
Zeng Gang, chief expert and director of the Shanghai Institution for Finance & Development, urged banks to target key spending areas like autos, appliances and tourism, design matching subsidized loan products, set clear terms, streamline applications and lower the threshold for people to obtain credit.
\n
Major lenders, including Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank and Bank of China, are optimizing procedures and innovating products to implement the plan. A total of 23 authorized institutions — six large State-owned commercial banks, 12 joint-stock banks and five additional consumer loan providers — will handle the loans. Experts believe that their nationwide reach and scale will enable the policy to be rolled out quickly and deliver results in the near term.
\n
Authorities have required lenders to improve their information systems to accurately identify payments from consumer accounts to merchants, ensuring that the subsidy funds truly support consumption.
\n
Zeng stressed strict verification of loan purposes, post-loan monitoring, cooperation with regulators in subsidy checks, and maintaining full records for transparency.
An employee from Beizhouzhuang Railway Station in Shanxi province works amid scorching heat, with freight car surface temperatures soaring to over 50 C. The station's crew members need to uncouple many carriages each day to safeguard the smooth transport of coal on the Datong-Qinhuangdao railway line.
\n",
- "content": "
An employee from Beizhouzhuang Railway Station in Shanxi province works amid scorching heat, with freight car surface temperatures soaring to over 50 C. The station's crew members need to uncouple many carriages each day to safeguard the smooth transport of coal on the Datong-Qinhuangdao railway line.
BEIJING — During last month's third China International Supply Chain Expo (CISCE), overseas exhibitors made up 35 percent of participants — up 3 percentage points on 2024 and 9 points on the inaugural 2023 edition — with industry giants like Honeywell, GE Healthcare and Siemens already securing their spots for next year, underscoring foreign firms' growing commitment to China.
\n
As a major national platform for global industrial collaboration, the CISCE embodies the enduring appeal of the Chinese market during its 14th Five-Year Plan period (2021-25), marked not only by increased foreign investment but also by significant shifts in investment fields that reflect China's broader economic transformation.
\n
Hard-won gains
\n
The expo's momentum echoes wider trends. By June 2025, China's actual utilized foreign direct investment reached $708.73 billion since 2021, hitting the 14th Five-Year Plan target of $700 billion six months ahead of schedule.
\n
In the same period, 229,000 new foreign-invested enterprises were launched, 25,000 more than in the 2016-20 period.
\n
Despite fluctuations in FDI in recent years, China's ability to maintain steady foreign capital inflows stands out in a challenging global environment.
\n
According to the United Nations, global FDI fell 11 percent in 2024, marking the second straight year of decline after a sharp drop in 2023.Early data from the first quarter of 2025 offer little optimism, suggesting a possible third consecutive year of contraction.
\n
"Weak global direct investment has weighed on China's FDI, but a closer look shows resilience," said Fan Penghui, a senior researcher with the Chinese Academy of International Trade and Economic Cooperation, a think tank with the Ministry of Commerce. "A periodic slowdown after a peak is normal. Investment cycles ebb and flow."
\n
High-tech focus
\n
In fact, China's high-tech industries and service sectors have seen continuous growth in foreign investment, which underscores that foreign capital is riding on the development wave of China's new quality productive forces, Fan said.
\n
In 2024, high-tech industries attracted 34.6 percent of foreign investment, up 6 percentage points from 2020. The first half of 2025 accelerated this shift. High-tech sectors attracted 127.87 billion yuan ($17.8 billion) in foreign capital, with e-commerce services surging 127.1 percent, chemical pharmaceuticals up 53 percent, and aerospace equipment manufacturing rising 36.2 percent.
\n
For many multinational corporations, China has evolved beyond a sales market into a hub for growth and innovation, prompting increased research and development investment to tap into the country's innovation potential.
\n
According to Leng Yan, executive vice-president of Mercedes-Benz China, the company has poured over 10.5 billion yuan into Chinese R&D over five years, and with its Shanghai R&D center, the company's local innovation now "leads global development".
\n
Holding steady
\n
China's success in attracting foreign investment is underpinned by a deliberate policy push to keep foreign investment steady, including opening more fields to foreign firms and creating a more welcoming environment.
\n
The negative list for foreign investment has been steadily shortened, with all manufacturing restrictions eliminated in 2024.Pilot programs are also opening up services like value-added telecom and biotechnology.
\n
To build trust and cut red tape, a roundtable consultation system for foreign businesses was established. Since 2023, the Ministry of Commerce has held over 30 meetings, resolving more than 1,500 operational issues raised by foreign firms.
\n
Plans are in motion to expand these efforts. A revised catalogue of industries encouraged for foreign investment is in the works. The updated list will guide more foreign capital toward advanced manufacturing, modern services, high-tech, energy conservation and environmental protection sectors, as well as into central, western and northeastern regions, according to the country's top economic regulator.
\n
"As China continues to expand institutional opening-up, foreign investment is expected to integrate more deeply into domestic innovation and supply chains, striking a new balance with growing emphasis on quality," Fan said.
The official launch of the global innovation challenge in Oxford, Britain, on Aug 5.
\n
LONDON — In August, 25 Chinese students enrolled in a two-week summer program at St Hilda's College, Oxford, England, which focuses on artificial intelligence and computer science.
\n
The initiative, part of the WeChat Global Exploration Plan, offers students the opportunity to present their self-developed digital mini-programs to the public in Oxford and London.
\n
The program officially opened on Aug 5, where British educator H-J Colston praised the participants' international mindsets. "Chinese people are much more globally minded than we are," Colston said at the opening ceremony.
\n
Tang Jiahao from the southern Chinese city of Guangzhou, Guangdong province, developed a health management application to help his mother track her well-being. The mini-program utilizes AI to recognize food through photos, log the nutritional data of the foods, and generate personalized health recommendations.
\n
"Innovation has no boundaries," Tang says. "As long as we use technology effectively, anyone can be a creator."
\n
Colston, who cofounded the educational charity Engage with China (EwC), addressed the audience following the student demonstrations and commended their ability to offer practical, real-world solutions.
\n
"These young experts from China are helping to navigate life with technology," she says.
\n
A veteran educator who has visited China more than 30 times since the 1980s, Colston says the country's rapid development, from a bicycle-dominated society to one of the world's leaders in AI, has influenced her commitment to building cultural understanding between China and the United Kingdom.
\n
Founded in 2018, EwC launched a program to promote a "China-literate" generation among British students through school outreach and scholarships for educational visits to China. To date, the charity has reached more than 6,500 students across primary and secondary schools in the UK.
\n
Colston cites an imbalance in cultural knowledge as the charity's key motivation. "Many Chinese students are familiar with Shakespeare and Western culture, but few young Britons know much about contemporary China," she says.
\n
She adds that exchange programs, such as the Oxford summer camp, are essential for fostering global perspectives.
\n
"Making friends with Chinese people will be eye-opening for British students and it gives them a chance to see the world from a new perspective," she says.
The official launch of the global innovation challenge in Oxford, Britain, on Aug 5.
\n
LONDON — In August, 25 Chinese students enrolled in a two-week summer program at St Hilda's College, Oxford, England, which focuses on artificial intelligence and computer science.
\n
The initiative, part of the WeChat Global Exploration Plan, offers students the opportunity to present their self-developed digital mini-programs to the public in Oxford and London.
\n
The program officially opened on Aug 5, where British educator H-J Colston praised the participants' international mindsets. "Chinese people are much more globally minded than we are," Colston said at the opening ceremony.
\n
Tang Jiahao from the southern Chinese city of Guangzhou, Guangdong province, developed a health management application to help his mother track her well-being. The mini-program utilizes AI to recognize food through photos, log the nutritional data of the foods, and generate personalized health recommendations.
\n
"Innovation has no boundaries," Tang says. "As long as we use technology effectively, anyone can be a creator."
\n
Colston, who cofounded the educational charity Engage with China (EwC), addressed the audience following the student demonstrations and commended their ability to offer practical, real-world solutions.
\n
"These young experts from China are helping to navigate life with technology," she says.
\n
A veteran educator who has visited China more than 30 times since the 1980s, Colston says the country's rapid development, from a bicycle-dominated society to one of the world's leaders in AI, has influenced her commitment to building cultural understanding between China and the United Kingdom.
\n
Founded in 2018, EwC launched a program to promote a "China-literate" generation among British students through school outreach and scholarships for educational visits to China. To date, the charity has reached more than 6,500 students across primary and secondary schools in the UK.
\n
Colston cites an imbalance in cultural knowledge as the charity's key motivation. "Many Chinese students are familiar with Shakespeare and Western culture, but few young Britons know much about contemporary China," she says.
\n
She adds that exchange programs, such as the Oxford summer camp, are essential for fostering global perspectives.
\n
"Making friends with Chinese people will be eye-opening for British students and it gives them a chance to see the world from a new perspective," she says.
Denise Wynne (left), a descendant of a British POW, and Liang Jing, the producer and executive producer of Dongji Rescue, pose for a photo after a special screening of the film on May 21.
\n
The film Dongji Rescue, based on a true historical event, tells the story of Chinese fishermen braving turbulent seas to save strangers — a testament to the nation's capacity to create miracles in the face of adversity.
\n
Eighty-three years ago, in 1942, the Japanese military seized the Lisbon Maru ship to transport 1,816 British prisoners of war from Hong Kong to Japan. Passing through the waters near Zhoushan, Zhejiang province, it was torpedoed by a US submarine. Fishermen from Zhoushan rescued 384 prisoners of war and hid them from Japanese search parties.
\n
Actor Zhu Yilong, in an exclusive interview with China Daily, said he was deeply moved by the humanity shown in such extreme conditions when he accepted his role. "This historical event proves that in dire circumstances, Chinese people can extend their goodness to protect both themselves and others," he said.
\n
Last Friday, a themed event for Dongji Rescue was held in Zhoushan, a city close to where the Lisbon Maru sank. Descendants of the British POWs and the rescuing fishermen gathered to watch the film and share their reflections.
\n
In the film, the British POWs are aided by a group of fishermen from Dongji Island, whose courage and compassion cut a path through treacherous waves. After the screening, many descendants were visibly moved.
\n
"I want to express my deepest gratitude to the Chinese people and the descendants of Chinese fishermen. When the film is released in the UK, I will bring my family and friends to watch it. Heroic acts like this deserve to be known worldwide," said Denise Wynne, a descendant of a British POW.
\n
"I felt the profound friendship between the Chinese and British people through the film," said Li Hui, a descendant of a rescuer. Many audience members were brought to tears — some by the fishermen's bravery, others by the enduring spirit of "never abandoning those in peril".
\n
"In times of sea peril, rescue is a must," said Wu Buwei, another rescuer's descendant, noting that this value has long been a part of Dongji fishermen's traditions.
\n
Coincidentally, on the morning of Aug 5, a real-life rescue unfolded on the shores of Dongfushan in Dongji town. Two tourists from Shanghai fell into the sea and were swept away by powerful waves. Without hesitation, two descendants of Dongji fishermen — Wang Yubin and Yang Xiaoping — leaped in to save them, braving a wind force of 9 to 10 before pulling them to safety.
\n
"Our forebearers once rescued many British POWs here. As their descendants, we should carry forward their bravery," Wang said. Both rescuers later joined the film's cast and crew at the Zhoushan event, sharing the stage with actors who portrayed the fishermen in a symbolic "reunion across 83 years".
\n
Chinese actor Wu Lei, who plays A Dang in the film, expressed his respect for the two rescuing fishermen on-site. In the film, A Dang saves a British POW named Thomas Newman. Though they share no common language, they manage to connect. In an interview with China Daily, Wu said, "They connected through a small globe. A Dang understood when Newman pointed out his home, the UK, on the globe."
\n
The film's director Fei Zhenxiang noted that the Eastern Front in World War II is often overlooked internationally, despite China's 14 years of resistance tying down large numbers of Japanese troops. "Every Chinese person is a hero, and their righteousness should not be forgotten," he said.
\n
Guan Hu, codirector, said, "We hope that through this film, silent kindness can be seen by the world", marking the 80th anniversary of victory in the Chinese People's War of Resistance Against Japanese Aggression (1931-45) and the World Anti-Fascist War.
Oklahoma City Thunder's Shai Gilgeous-Alexander holds up the Larry O'Brien Trophy during a ceremony honoring the NBA champion Thunder on Aug 7.
\n
NEW YORK — The Oklahoma City Thunder felt slighted last season when it was left off the NBA's Christmas schedule.
\n
That won't be an issue this year.
\n
MVP Shai Gilgeous-Alexander and the NBA champion Thunder will be working at home for Christmas this season, playing host to Victor Wembanyama and the San Antonio Spurs as part of the league's annual Dec 25 quintuple-header. BetMGM Sportsbook has the Thunder favored by 9.5 points.
\n
The other Christmas games, released by the NBA on Tuesday: Cleveland at New York, Houston being hosted by LeBron James and the Los Angeles Lakers, No 1 pick Cooper Flagg and Dallas visiting Golden State, and Minnesota playing at Denver.
\n
Some NBA Cup games are scheduled to be released Wednesday and the full schedule — 80 of the 82 games for all teams — is to be released on Thursday. The remaining two games for each club will be filled in December based on how teams fare in the NBA Cup.
\n
"They make the schedule. We play it," Thunder coach Mark Daigneault said last season, when asked about his club not being picked for the Dec 25 lineup.
\n
"Our players, I know, would have liked to play on Christmas, because that's such a staple day in the NBA season. But, we can't control that."
\n
Well, this season, they sort of did control their Christmas scheduling fate.
\n
The NBA champion typically get invited to play on Christmas Day the following season; OKC beat Indiana in a seven-game NBA Finals last season. The Eastern Conference champion Pacers are among the Christmas snubs this year, after losing Tyrese Haliburton to an Achilles tear that will sideline him for the entirety of this season and seeing Myles Turner opt to sign with Milwaukee in free agency.
\n
The Knicks will be playing their 58th Christmas game, extending their NBA record.
\n
The first Christmas game in league history was at Madison Square Garden in 1947.
\n
Boston, Philadelphia and Phoenix played on Christmas Day last season, but didn't make the cut this year, replaced by Cleveland (which was the East's No 1 seed), Houston (which landed Kevin Durant in an offseason blockbuster trade from the Suns) and the Thunder.
\n
Cleveland and the Thunder are playing on Christmas Day for the first time since 2018. The Rockets have a Christmas game for the first time since 2019.
\n
James, if he plays on the holiday, will be making his 20th Christmas appearance in his record 23rd NBA season. Only 12 NBA franchises have 20 Christmas games to their name, and James could soon have that many as a player.
\n
Opening night
\n
The NBA officially starts with opening night on Oct 21, when the Thunder will receive its championship rings, before playing host to Durant and the Rockets in the first game of the season.
\n
That will be followed by Stephen Curry, Jimmy Butler and Golden State taking on James, Luka Doncic and the Lakers in the second game of the NBC doubleheader.
\n
Those are the only two games slated to take place on opening night.
\n",
- "content": "
Oklahoma City Thunder's Shai Gilgeous-Alexander holds up the Larry O'Brien Trophy during a ceremony honoring the NBA champion Thunder on Aug 7.
\n
NEW YORK — The Oklahoma City Thunder felt slighted last season when it was left off the NBA's Christmas schedule.
\n
That won't be an issue this year.
\n
MVP Shai Gilgeous-Alexander and the NBA champion Thunder will be working at home for Christmas this season, playing host to Victor Wembanyama and the San Antonio Spurs as part of the league's annual Dec 25 quintuple-header. BetMGM Sportsbook has the Thunder favored by 9.5 points.
\n
The other Christmas games, released by the NBA on Tuesday: Cleveland at New York, Houston being hosted by LeBron James and the Los Angeles Lakers, No 1 pick Cooper Flagg and Dallas visiting Golden State, and Minnesota playing at Denver.
\n
Some NBA Cup games are scheduled to be released Wednesday and the full schedule — 80 of the 82 games for all teams — is to be released on Thursday. The remaining two games for each club will be filled in December based on how teams fare in the NBA Cup.
\n
"They make the schedule. We play it," Thunder coach Mark Daigneault said last season, when asked about his club not being picked for the Dec 25 lineup.
\n
"Our players, I know, would have liked to play on Christmas, because that's such a staple day in the NBA season. But, we can't control that."
\n
Well, this season, they sort of did control their Christmas scheduling fate.
\n
The NBA champion typically get invited to play on Christmas Day the following season; OKC beat Indiana in a seven-game NBA Finals last season. The Eastern Conference champion Pacers are among the Christmas snubs this year, after losing Tyrese Haliburton to an Achilles tear that will sideline him for the entirety of this season and seeing Myles Turner opt to sign with Milwaukee in free agency.
\n
The Knicks will be playing their 58th Christmas game, extending their NBA record.
\n
The first Christmas game in league history was at Madison Square Garden in 1947.
\n
Boston, Philadelphia and Phoenix played on Christmas Day last season, but didn't make the cut this year, replaced by Cleveland (which was the East's No 1 seed), Houston (which landed Kevin Durant in an offseason blockbuster trade from the Suns) and the Thunder.
\n
Cleveland and the Thunder are playing on Christmas Day for the first time since 2018. The Rockets have a Christmas game for the first time since 2019.
\n
James, if he plays on the holiday, will be making his 20th Christmas appearance in his record 23rd NBA season. Only 12 NBA franchises have 20 Christmas games to their name, and James could soon have that many as a player.
\n
Opening night
\n
The NBA officially starts with opening night on Oct 21, when the Thunder will receive its championship rings, before playing host to Durant and the Rockets in the first game of the season.
\n
That will be followed by Stephen Curry, Jimmy Butler and Golden State taking on James, Luka Doncic and the Lakers in the second game of the NBC doubleheader.
\n
Those are the only two games slated to take place on opening night.
Federal agents patrol a street in The Wharf neighborhood of Washington, DC, on Monday. United States President Donald Trump announced on Monday that he was placing Washington's police department under federal control and activating 800 members of the National Guard to assist in restoring law and order and public safety in the city. See story, page 12
China and the United States on Tuesday extended the pause on tariff hikes on each other's goods for another 90 days, a move that market watchers and exporters said will help address trade frictions through dialogue and ease anxieties of businesses.
\n
They said the latest reciprocal move on tariffs is expected to stabilize bilateral trade relations by injecting more certainty into markets and businesses in both countries.
\n
The US will continue to modify the application of the additional ad valorem rate of duty on imports from China, by suspending 24 percentage points of that rate for an additional period of 90 days, starting on Tuesday, according to a joint statement on the China-US economic and trade meeting in Stockholm released by the Ministry of Commerce on Tuesday.
\n
The joint statement added that China will also continue to suspend 24 percentage points of additional ad valorem rate of duty on imports from the US as well as related nontariff countermeasures for another 90 days, starting on Tuesday.
\n
The sheer scale of the trade volume between China and the US last year — nearly $700 billion — speaks for itself. According to Chen Wenling, former chief economist at the China Center for International Economic Exchanges, this isn't a product of one-sided pressure. It is a reflection of deep-seated market needs and mutual economic benefit on both sides of the Pacific.
\n
"The two countries' complementary strengths and the vast potential for cooperation are clear, but the key lies in genuine equality and good faith at the negotiating table to seek new collaboration models," Chen said.
\n
Brad Lich, executive vice-president of Eastman, a US specialty materials manufacturer, said that stable China-US business ties would bolster business confidence and ensure the smooth flow of goods, services and technology across the Pacific, enabling companies on both sides to make long-term plans and investments.
\n
Eager to enhance its earning strength and ramp up the output of its automotive film products, Eastman launched two production lines at its plant in Dalian, Liaoning province, in June.
\n
Wang Wen, dean of Renmin University of China's Chongyang Institute for Financial Studies, said the world's two largest economies need to be prepared for an enduring process before sealing a final deal.
\n
A trade agreement between them cannot be finalized as quickly as Washington has achieved with other countries, Wang said.
\n
Even so, Tu Xinquan, director at the University of International Business and Economics' China Institute for World Trade Organization Studies, said the latest US move on China tariffs has been along expected lines.
\n
"This outcome should also be regarded as a choice that the US side had no alternative but to make," Tu said, adding that the impact of the punitive tariffs became evident in April, prompting the Geneva talks the following month.
\n
Sean Stein, president of the US-China Business Council, said the extension is "critical" to give the two governments time to negotiate a trade agreement and provide the certainty needed for businesses to make medium- and long-term plans, The Associated Press reported.
\n
US-China relations and tariffs are the top concerns of US companies doing business in China, according to the annual USCBC Member Survey released last month.
\n
Zhang Enhui, director of operation unit at Ningbo Lingyue Intelligent Equipment, a lawn mower manufacturer based in Ningbo, Zhejiang province, called the extended tariff truce a real boost for the company's confidence, given that the US accounts for more than half of its market.
\n
"Under the pressure of tariff fluctuations between China and the US, we have leveraged every window of opportunity to work closely with our US clients this year, sustaining growth in exports to the US against the overall downward trend," Zhang said.
\n
Driven mainly by its latest cruise-control lawn mowers, the company's exports to the US reached 423 million yuan ($58.87 million) between January and July, surging 25.49 percent year-on-year, data from Ningbo Customs showed.
\n
In addition to recognizing China's production capacity, US companies are also paying close attention to the country's supply chain strength and innovation capabilities.
\n
Enrique Lores, president and CEO of US technology company HP Inc, said the group still maintains a solid manufacturing base in China, with operations serving both the Chinese market and multiple other countries — a plan that applies now and in the future.
\n
HP now operates the world's largest computer manufacturing base and printer manufacturing base in China, Lores said.
\n
Zhang Monan, deputy director of the Institute of American and European Studies at the China Center for International Economic Exchanges, said that high tariffs have directly driven up the cost of sourcing from China for many US companies this year.
\n
"Many have been forced to import key intermediate goods via third countries, adding logistics and time costs and eroding their competitiveness in the global market," Zhang said, noting that the real cost of the trade dispute is ultimately borne by businesses and consumers alike.
\n
Contact the writers at zhongnan@chinadaily.com.cn
\n",
- "content": "
China and the United States on Tuesday extended the pause on tariff hikes on each other's goods for another 90 days, a move that market watchers and exporters said will help address trade frictions through dialogue and ease anxieties of businesses.
\n
They said the latest reciprocal move on tariffs is expected to stabilize bilateral trade relations by injecting more certainty into markets and businesses in both countries.
\n
The US will continue to modify the application of the additional ad valorem rate of duty on imports from China, by suspending 24 percentage points of that rate for an additional period of 90 days, starting on Tuesday, according to a joint statement on the China-US economic and trade meeting in Stockholm released by the Ministry of Commerce on Tuesday.
\n
The joint statement added that China will also continue to suspend 24 percentage points of additional ad valorem rate of duty on imports from the US as well as related nontariff countermeasures for another 90 days, starting on Tuesday.
\n
The sheer scale of the trade volume between China and the US last year — nearly $700 billion — speaks for itself. According to Chen Wenling, former chief economist at the China Center for International Economic Exchanges, this isn't a product of one-sided pressure. It is a reflection of deep-seated market needs and mutual economic benefit on both sides of the Pacific.
\n
"The two countries' complementary strengths and the vast potential for cooperation are clear, but the key lies in genuine equality and good faith at the negotiating table to seek new collaboration models," Chen said.
\n
Brad Lich, executive vice-president of Eastman, a US specialty materials manufacturer, said that stable China-US business ties would bolster business confidence and ensure the smooth flow of goods, services and technology across the Pacific, enabling companies on both sides to make long-term plans and investments.
\n
Eager to enhance its earning strength and ramp up the output of its automotive film products, Eastman launched two production lines at its plant in Dalian, Liaoning province, in June.
\n
Wang Wen, dean of Renmin University of China's Chongyang Institute for Financial Studies, said the world's two largest economies need to be prepared for an enduring process before sealing a final deal.
\n
A trade agreement between them cannot be finalized as quickly as Washington has achieved with other countries, Wang said.
\n
Even so, Tu Xinquan, director at the University of International Business and Economics' China Institute for World Trade Organization Studies, said the latest US move on China tariffs has been along expected lines.
\n
"This outcome should also be regarded as a choice that the US side had no alternative but to make," Tu said, adding that the impact of the punitive tariffs became evident in April, prompting the Geneva talks the following month.
\n
Sean Stein, president of the US-China Business Council, said the extension is "critical" to give the two governments time to negotiate a trade agreement and provide the certainty needed for businesses to make medium- and long-term plans, The Associated Press reported.
\n
US-China relations and tariffs are the top concerns of US companies doing business in China, according to the annual USCBC Member Survey released last month.
\n
Zhang Enhui, director of operation unit at Ningbo Lingyue Intelligent Equipment, a lawn mower manufacturer based in Ningbo, Zhejiang province, called the extended tariff truce a real boost for the company's confidence, given that the US accounts for more than half of its market.
\n
"Under the pressure of tariff fluctuations between China and the US, we have leveraged every window of opportunity to work closely with our US clients this year, sustaining growth in exports to the US against the overall downward trend," Zhang said.
\n
Driven mainly by its latest cruise-control lawn mowers, the company's exports to the US reached 423 million yuan ($58.87 million) between January and July, surging 25.49 percent year-on-year, data from Ningbo Customs showed.
\n
In addition to recognizing China's production capacity, US companies are also paying close attention to the country's supply chain strength and innovation capabilities.
\n
Enrique Lores, president and CEO of US technology company HP Inc, said the group still maintains a solid manufacturing base in China, with operations serving both the Chinese market and multiple other countries — a plan that applies now and in the future.
\n
HP now operates the world's largest computer manufacturing base and printer manufacturing base in China, Lores said.
\n
Zhang Monan, deputy director of the Institute of American and European Studies at the China Center for International Economic Exchanges, said that high tariffs have directly driven up the cost of sourcing from China for many US companies this year.
\n
"Many have been forced to import key intermediate goods via third countries, adding logistics and time costs and eroding their competitiveness in the global market," Zhang said, noting that the real cost of the trade dispute is ultimately borne by businesses and consumers alike.
The Ministry of Public Security's Criminal Investigation Bureau disclosed new details surrounding the 2024 breakthrough in the Wuwangdun tomb robbery case on Sunday, unpacking a six-year investigation filled with gang betrayals and cutting-edge forensic technology — its twists and turns rivaling a suspense thriller.
\n
In June 2024, Huainan police in Anhui province successfully cracked the high-profile case involving the robbery of the Wuwangdun tomb. After six years of investigation, police arrested 49 suspects and recovered 113 priceless artifacts last year, shedding light on the secrets hidden within the more than 2,000-year-old tomb.
\n
The Wuwangdun tomb, located in Huainan, is the largest in scale, highest in rank and most structurally complex Chu state tomb ever excavated through scientific measures to date, as recognized by the National Cultural Heritage Administration. It is identified as the final resting place of King Kaolie of Chu, who reigned during the late Warring States Period (475-221 BC).
\n
According to a statement released by the ministry on Sunday, between 2015 and 2018, tomb raiding gangs repeatedly infiltrated the site, causing significant cultural heritage loss. The case came to light in June 2018 when Huainan police received a tip from the Ministry of Public Security and swiftly formed a special task force. Through advanced big data analytics, investigators traced key suspects to Henan province, exposing a sprawling criminal network extending across several provinces.
\n
The gang operated under the guise of "earthwork engineering "companies, employing specialized vehicles and walkie-talkies to evade detection. After multiple thefts from Wuwangdun, they planned to blast open the tomb of Lian Po, a famous general during the Warring States Period.
\n
In a major operation on Nov 5,2018, over 200 police officers simultaneously raided locations across several provinces, capturing 19 suspects and confiscating explosives, detonators and specialized tools to raid tombs.
\n
Investigators prioritized tracking the illicit flow of stolen artifacts, uncovering internal disputes among gang members. Notably, a suspect surnamed Zhang took advantage of a moment when his accomplices were not paying attention to secretly hide a valuable bronze "tiger-seat phoenix-emitting drum" in his hometown in Henan. Police eventually recovered the artifact.
\n
Another suspect, surnamed Sun, secretly made off with a pair of gilded bronze rings behind his accomplices' backs. The rings were retrieved after a three-month cross-border investigation involving the Ministry of Public Security and customs in Shenzhen, Guangdong province.
\n
The exposure of the robbery prompted the National Cultural Heritage Administration to authorize urgent archaeological excavation of the Wuwangdun site, initiated in 2020. In 2024, newly uncovered robbery sketches and abandoned modern tools found at the dig site provided critical leads that reinvigorated the case.
\n
Police re-interrogated key suspects using advanced forensic accounting and digital evidence analysis, leading to 14 more arrests in Shaanxi and Henan provinces and the recovery of an additional 35 artifacts, including fragmented sets of Chu bronze bells and stone chimes that were later painstakingly restored to their original form.
\n
Ultimately, authorities arrested 49 suspects and recovered 113 precious artifacts — including 28 classified as top-tier national treasures.
\n
The excavation of the Wuwangdun tomb received significant recognition in 2024, named among the "top new archaeological discoveries" by the Chinese Academy of Social Sciences and selected as one of the "top 10 national archaeological finds" by the National Cultural Heritage Administration.
Visitors tour the exhibition On Top of the Pyramid: The Civilization of Ancient Egypt at the Shanghai Museum on Monday night. From Monday to Sunday, the museum is hosting a special event featuring book launches, Egyptian dance performances, interactive games, and cultural product promotions. The 24-hour event is open to the public.
\n",
- "content": "
Visitors tour the exhibition On Top of the Pyramid: The Civilization of Ancient Egypt at the Shanghai Museum on Monday night. From Monday to Sunday, the museum is hosting a special event featuring book launches, Egyptian dance performances, interactive games, and cultural product promotions. The 24-hour event is open to the public.
Zhang Ruixia makes a bracelet in her craft store in Jingshan town, Hangzhou in Zhejiang province, on Aug 5.
\n
In a roughly 30-square-meter store, shelves are lined with bracelets carrying a gentle tea scent. These bracelets — each unique in its bead arrangement and showing signs of manual craftsmanship — bring hope to around 50 households with disabled people in Jingshan town in Hangzhou, Zhejiang province.
\n
"Having experienced employment challenges myself as a disabled person, I opened this craft store to create job opportunities for others like me," said Zhang Ruixia, the store's manager, seated in her wheelchair.
\n
The 36-year-old added that the orange color that dominates the store's logo, packaging and interior design was chosen for its warmth and inclusivity.
\n
Semi-paralyzed after a surgical mishap in 2016, Zhang initially sank into despair but managed to pull herself together within just six months.
\n
She then attempted various jobs — including as a graphic designer at an advertising agency and a telephone customer service staffer at a wheelchair retailer — but found that "these jobs demanded prolonged sitting, which the body simply couldn't endure".
\n
When Xu Hui, a public welfare worker, reached out to Zhang last year, she had already opened a small craft store in her hometown of Henan province after teaching herself various weaving techniques and beadwork designs through online videos.
\n
"Xu and I talked about how society is becoming more inclusive to people with disability, yet families with disabled people still face significant employment barriers, including some people who are unable to leave their homes to work, and mothers of those with intellectual disabilities struggling to take on full-time jobs," Zhang said. "I deeply resonated with his sentiments, so when he mentioned the Jingshan town project, I was like, 'That's it. Let's do it together.'"
\n
Previously, support for people with disabilities mainly involved providing supplies and skills training, but they often remained unemployed in the end, Xu said.
\n
"Our preliminary research found that what companies care about most is not who makes the product, but its quality. People with disabilities often demonstrate meticulous attention to detail and cherish every job opportunity, making them well-suited for craftwork," Xu said.
\n
The project — primarily targeting large companies, with additional sales channels through e-commerce platforms and physical stores — aims to secure stable orders, enabling disabled individuals to work either from home or at the workshop, on a part-time or full-time basis, Xu said.
\n
Recognizing the feasibility and practicality of the project, the local government extended substantial support to expedite the store's opening. This involved streamlining the verification process for their volunteer group "Better and Better" and offering the physical store and the workshop at rents only covering water and electricity expenses, he added.
\n
"To distinguish the bracelets from others, we have creatively incorporated Jingshan tea into the bead-making process," Zhang said, adding that the tea, as one of Zhejiang's top 10 famous teas, is not only a local specialty but also a crucial cultural origin of the Japanese tea ceremony.
\n
After three months of trials, Zhang finally developed a composite crafting technique that builds on traditional incense bead-making methods, with aged Jingshan tea as the primary raw material. This process involves grinding the tea leaves into a powder finer than 120 mesh (about 0.125 millimeters), blending it with an optimized ratio of plant-based adhesives, mechanically kneading the mixture to achieve cohesion, and finally drying it in the shade for structural stabilization.
\n
The store opened in October, and businesses have offered the store partnership opportunities. In addition, around 50 disabled people have come forward to apply. They are able to take orders and be paid per piece after training.
\n
Bai Yunfeng, a man in his late 40s who is crippled by polio, exhibits surprising dexterity despite lacking prior experience in bracelet making. He is capable of completing a simple design in just a couple of minutes.
\n
"I used to work at a mechanical equipment assembly factory. However, this store has provided me with another fulfilling opportunity," Bai said. "Besides closer proximity to home and better pay, I feel like we are not objects of pity, but rather treated equally and valued for our capabilities here, which is very important to me."
\n
Zhang said: "I hope to expand such stores nationwide, with tailored innovations for each place based on local specialties. I want to do my best to provide a shelter for those like me."
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![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/004/20250814_004_03_55343.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/010/20250814_010_01_88.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/013/20250814_013_01_25621.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/013/20250814_013_05_18621.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/014/20250814_014_03_56253.png\")
\n![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/016/20250814_016_02_15048.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/018/20250814_018_02_20014.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-14/019/20250814_019_04_57806.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-13/001/20250813_001_02_124111.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-13/005/20250813_005_03_32493.png\")
![](\"https://mobile.chinadaily.com.cn/cn/resfile/2025-08-13/007/20250813_007_01_33.png\")