Ahead of the meeting of U.S. President Trump and Chinese President Xi, former PBOC advisor David Daokui Li gave his assessment on the state of the trade war between the two powers.​

Addressing ordered ranks of construction workers, government officials and cadres in traditional Tibetan dress standing at attention in a clearing ringed by misty Himalayan mountain peaks, Chinese Premier Li Qiang three months ago hailed the official launch of the country's "project of the century" -- an ambitious 1.2 trillion yuan ($168 billion) hydropower project to be built at the site of the world's deepest canyon.

In steelmaking, what once relied on the seasoned eye of a master is now handled by smart systems that read flame color and brightness to guide inputs with precision. In sugarcane fields, robots take care of planting, spraying and harvesting while spotting weeds to cut pesticide use. A legal large model can translate laws from all 10 member countries of the Association of Southeast Asian Nations (ASEAN), and a fruit-focused large model offers features such as evaluating when durians are ripe, hel

China is preparing to tackle the significant backlog of unpaid bills owed by local governments to the private sector, according to people familiar with the matter, an amount of arrears some have estimated at over $1 trillion. The government is considering asking state lenders and policy banks including China Development Bank to lend to local authorities so they can make the payments in arrears, the people said, asking not to be named because the matter is private. The amount of money under dis

The Ministry of Education recently announced the results for the third batch of first-class national-level undergraduate courses, with the “General Survey of Economics” course having been among those successfully selected, marking yet another major breakthrough made by the course after winning recognition as a Tsinghua University Excellent Course in 2024. This signifies that the development of such a curriculum has garnered a high degree of offical approval at the national level, fully demonstra

As markets await China to unveil its economic policy roadmap for the second half, economists and policy advisers have renewed calls for ramping up fiscal stimulus measures to address persistent challenges in the property sector and local government debt. Despite progress in bolstering consumption — particularly through trade-in programs in the first half, weak property market performance and fiscal strain on local governments could limit further recovery in consumption and investment, they said

Recently, the global regulatory framework for stablecoins has begun to take shape. According to industry data, the market size of stablecoins has grown from approximately $5 billion in 2020 to over $250 billion in 2025, with an annual compound growth rate exceeding 100%. Standard Chartered predicts the market could reach $2 trillion by 2028.