
The global economic balance of power has transformed in the past two decades. Once dominated by the West, the world economy is now being reshaped by Asia, especially by China.

A total of 46 air routes between China and Japan will suspend all flights from Dec. 22 through Jan. 4, according to industry data.
China's auto market is entering a period of high volumes but slowing growth with future expansion increasingly dependent on NEVs and overseas markets, according to forecasts from China EV100, an industry-backed think tank.

New life has been breathed into a patch of once ravaged and desertified grassland in northern China's Inner Mongolia autonomous region, thanks to a biological restoration project integrating the installation of solar panels and the planting of desert-hardy vegetation underneath.

The Chinese yuan could gradually appreciate from about 7.0 to around 6.0 against the U.S. dollar over the next decade, a former mayor of Chongqing said Sunday at the 2025 Shenzhen Xiangmihu Financial Annual Conference.
China has made "important and long-lasting contributions" to the global trading system and is expected to see a significant evolution in its role over the next decade, according to Robert Koopman, former chief economist of the World Trade Organization.
The Hainan Free Trade Port officially launches island-wide special customs operations on Thursday and the Hainan branch of Bank of China continues to play a significant financial role in Hainan province's opening-up.
The government needs to hammer out guidelines on fuel sourcing and delivery to private investors, Chowdhury said, adding that extensive checks and balances are needed.
A 319.7-kilometer expressway in the Xinjiang Uygur autonomous region is set to open by the end of December, regional transport authorities announced.Guo Sheng, Party secretary of Xinjiang's transport department, said the expressway will ease long-standing traffic bottlenecks that have constrained coordinated development between northern and southern Xinjiang.

Hainan Free Trade Port on Sunday launched its first operational seventh-freedom air route, a milestone in opening up the island's aviation sector.
CNOOC Limited announced on Monday that production has commenced at the Xijiang Oilfields 24 Block Development Project.Its temperature control system reduces the impact of high temperatures on subsea pipelines, thereby ensuring stable and continuous production. CNOOC Limited holds 100 percent interest in the project and is the operator.
The policy applies to single overdue amounts of no more than 10,000 yuan ($1,420) generated between Jan 1, 2020, and Dec 31, 2025, provided the debts are fully repaid by March 31, 2026. If repayment is completed by Nov 30, 2025, the related overdue information will be removed starting Jan 1, 2026.
This photo taken on Dec 21, 2025 shows the offshore oil and gas platforms in Bohai Oilfield.China's largest offshore oilfield, the Bohai Oilfield, has set a new record by producing over 40 million metric tons of oil equivalent in 2025, said its operator China National Offshore Oil Corporation (CNOOC).

A Shanghai-produced micro drama series titled Ling Tan (Adventure of a Ghost) has drawn widespread attention, with its views across multiple online video platforms quickly surpassing 10 million views.
Yet projections indicate China will remain the world's largest importer of agricultural products such as soybeans in the near future. A notable trend is diversification of import sources.
Final consumption expenditure contributed 53.5 percent to economic growth in the first three quarters of 2025, up 9 percentage points from the full-year figure of the previous year, said the National Bureau of Statistics.
During the 14th Five-Year Plan period, China cultivated a number of backbone enterprises in the bio-manufacturing sector with an annual operating revenue exceeding 10 billion yuan.

An offshore multi-purpose service vessel completes operations on an offshore oil platform in the Bohai Sea, China.China's largest offshore oilfield, the Bohai Oilfield, has produced over 40 million tonnes of oil equivalent in 2025, setting a historical record, the China National Offshore Oil Corporation (CNOOC) announced on Sunday.
China's island province of Hainan reported robust trade and soaring duty-free sales as it launched its island-wide special customs operations on Thursday.

China has urged the European Union to immediately stop its unreasonable actions against Chinese companies operating within the bloc and use the Foreign Subsidies Regulation investigation tool prudently, said the Ministry of Commerce.

Hainan Free Trade Port has taken a major step in China's opening-up as islandwide special customs operations come into effect, fully implementing a policy framework featuring zero tariffs, low tax rates, a simplified tax system, and freer trade and investment.
The logo of TikTok.Affiliates of certain existing ByteDance investors will hold 30.1 percent, while ByteDance will retain 19.9 percent, according to the memo. The joint venture will be "majority owned by American investors, governed by a new seven-member majority-American board of directors, and subject to terms that protect Americans' data and U.S.
An aerial drone photo taken on Nov 21 shows Yangpu International Container Port in Yangpu Economic Development Zone, Hainan province."With China's strong consumption fundamentals and policy support, we are fully committed to long-term investment in Hainan FTP," said Seth.
China is strengthening its maritime legal framework, actively participating in the formulation of international rules and using multiple measures to position itself as a preferred venue for international maritime dispute resolution, the country's top court said.
Wu Mouyuan, vice-president of the institute, attributed the global resilience to sustained growth in oil consumption in emerging economies and steady demand for chemical feedstocks and aviation fuels.

China firmly opposes and strongly condemns the U.S. plan to sell massive advanced weapons to China's Taiwan region, said Chinese Foreign Ministry spokesperson Guo Jiakun at a press conference on Thursday.

As of 10:45 p.m. on Thursday, China's year-end box office (November 28–December 31) has exceeded 4 billion yuan (about $570 million), according to online platform data.
A foreign vessel carrying 179,000 metric tons of petrochemical raw materials berths at Yangpu Port in Danzhou, Hainan province, on Thursday, following the official launch of the island-wide special customs operations in the Hainan Free Trade Port.

He said the policy direction aligns with the recommendations for formulating the 15th Five-Year Plan (2026-30) to "promote common prosperity and increase the share of household income in national income".

A sharp hit of ginger, a squeeze of lemon and a lingering warmth that runs from mouth to belly, turmeric drinks, dubbed "liquid gold" by young consumers, are emerging as hot winter hits in the country, a signal of the rise of health-focused beverages.
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