Chinese economic officials have slammed the hyped “overcapacity” tag on Chinese new energy products on Friday, calling it “a carefully crafted narrative trap created by some countries with the aim of making it a pretext to implement trade protective measures.” While voicing strong objection to the action, they also warn against its dire consequences, which will disrupt the stability and smooth flow of global supply chains, hinder the global green transition and eventually backfire on the initiators of trade protectionism.
For some time, certain officials and media outlets in some countries have intensively accused China’s new energy products of “overcapacity.” These hypes are attempts to set the stage for unilateralism and the implementation of trade protection policies, according to an article posted on Friday on the WeChat account of the National Development and Reform Commission (NDRC), the country’s top economic planner.
Those allegations on China’s new energy products do not hold ground as they are neither in line with facts nor economic rules, the NDRC article said, while rebutting every piece of the fallacy with solid proof and data.
With regards to the claim that “the overcapacity of China’s new energy exports was a result of insufficient domestic market and thus have to sell to the global market at a low price,” the NDRC blasted it with a reference to the fundamental law of international industrial division and cooperation.
Take the US exports as an example, it noted. About 80 percent of high-end chips produced in the US are destined for export, and the country is also the world’s largest exporter of liquefied natural gas, while one-fifth of US agricultural products are shipped to China, however, the US has not been accused of exporting “overcapacity” in these areas. In contrast, China’s new energy vehicle (NEV) exports only represented 12.5 percent of its total output last year, showing that China's new energy products currently mainly satisfy domestic demand.
It is also key to view the global supply-demand relationship from a developmental perspective, or the demand of global market and its development potential, the NDRC said, lambasting the claim that “China’s new energy capacity has surpassed global demand, making other countries unable to absorb.”
The NDRC highlighted a bunch of data by IEA which showed that the forecasted global demand for NEVs and power battery by 2030 will be almost five times from China’s capacity in relevant industries in 2023. In terms of the cumulative photovoltaic installed capacity, the projected global demand by 2030 is calculated to be around 9 times from China’s capacity in 2023. All underscore huge room for future demand growth.
On the one hand, the advantage is built upon a vast domestic market, a complete industrial system, intense market competition and continuous technological innovation under market mechanism, the NDRC pointed out. On the other hand, individual country has been encouraging and supporting the growth of relevant industries amid global green transition, and in particular the US is providing prodigious subsidies and tax incentives to new energy industries through legislation such as the Infrastructure Investment and Jobs Act and the Inflation Reduction Act.
There isn't a “China overcapacity,” but a US overcapacity of anxiety stemming from a lack of confidence and smears against China, Lin Jian, spokesperson from China's Ministry of Foreign Affairs, said at a press briefing on April 30.
During US Secretary of State Antony Blinken’s recent visit to China, he pointed finger at China over the so-called “unfair trade practices and the potential consequences of industrial overcapacity to global and US markets,” naming some industries including electric vehicles, batteries, and solar panels. US Treasury Secretary Janet Yellen recently reiterated in an interview with Reuters the "overcapacity" in China, claiming that the so-called overcapacity in China is not only a problem faced by the US, but also by Europe, Japan, India and Mexico.
It is indeed despicable and hypocritical for nations to proclaim that addressing global climate change is their “noble mission,” while simultaneously adopting protectionist measures under the pretext of “overcapacity” to suppress the development of new energy industries in other countries, according to the NDRC article.
Such actions not only undermine the global efforts to combat climate change but will also backfire, the NDRC warned, while citing a list of examples from the past decades that show that there’s no winner out of trade protectionism.
Also, the moves could wreak havoc on the stable operation of global new energy industry supply chains, creating “blockages,” “choke points,” and “breakpoints” that affect the efficiency of economic operations and may even trigger various potential risks, the NDRC stressed.
“Economic globalization has become a major trend. Countries are interdependent and integrated into a community of shared interests. Being open and inclusive, and pursuing win-win cooperation is the only correct choice,” the NDRC article concluded, urging countries to oppose the politicization of economic and trade issues or make them security issues, advocate for “tearing down walls rather than building them, for openness rather than isolation, for integration rather than decoupling, and promote the construction of an open world economy.”
The China Chamber of Commerce to the EU (CCCEU) raised deep concerns regarding the European Commission's selective transparency and potential discriminatory application of the Foreign Subsidies Regulation (FSR) against Chinese products.
The CCCEU submitted a comprehensive response on Tuesday to the EC's recent initiation of in-depth FSR investigations into Chinese companies that participated in a solar photovoltaic project tender in Romania, according to a statement released by CCCEU.
The rebuttal voiced a range of concerns about various shortcomings in the EC's actions and its potential ramifications for Chinese businesses operating in the European market.
The chamber noted the heightened scrutiny imposed on Chinese companies compared to those subjected to non-EU entities in the same tender process. "This selective enforcement of the FSR raises serious questions about the fairness, objectivity, and consistency of the Commission's approach," the chamber said.
On April 3, the EC launched two in-depth FSR investigations on two bidders involved in the tender process for Romania's 110MW solar photovoltaic park project. Afterward, the commission conducted a raid on a Chinese company's offices in Poland and the Netherlands without prior notice on April 23, following another probe targeting Chinese wind turbines which began on April 9.
The FSR has increased uncertainties for Chinese bidders, causing concern about the EU's growing protectionism and misapplication of policy tools, the chamber noted in the statement, urging the European Union to ensure Chinese enterprises' operations in Europe in "a fair, transparent, and non-discriminatory environment."
Since the end of 2023, the bloc has launched a series of subsidy investigations targeting Chinese businesses in emerging sectors such as electric vehicles, solar panels, and wind turbines, which has been labeled by China's Ministry of Commerce as protectionist behavior that distorts fair competition.
Top executives at BMW and Volkswagen on Wednesday warned against imposing EU import duties on electric vehicles made by Chinese automakers, saying it could upend the bloc's Green Deal plan and harm automakers that import cars made in China. The comments were in response to the bloc's probe launched in October into Chinese automakers for alleged subsidies and extra tariffs, Reuters reported.
In Thursday's statement, the Chamber also contended that the EC has not provided sufficient justification or interpretation of "foreign subsidies" under the FSR, and expressed concern about the burden placed on Chinese companies by the broad information requests and the potential disclosure of sensitive business data.
The chamber's observations follow the recent publication of EU summary notices, inviting stakeholders' feedback. Throughout the legislative and implementation process of the FSR, the chamber has been actively involved, stressing the importance of legality, transparency, and non-discriminatory application.
At the invitation of French President Emmanuel Macron, Chinese President Xi Jinping kicked off his state visit to France on May 5. It coincides with the 60th anniversary of the establishment of diplomatic ties between China and France, and is of great significance to building on past achievements and opening up new prospects for bilateral relations.
During this visit, achieving carbon neutrality goals will, once again, be an important consensus reaffirmed by China and France, in relation to which, the joint promotion of nuclear energy cooperation and development as an important cornerstone for the two countries to achieve carbon reduction goals has attracted great attention.
Yu Jianfeng, Chairman of China National Nuclear Corporation (CNNC), and Jean-Bernard Lévy, Chairman and Chief Executive Officer of Electricité de France (EDF) jointly released A Prospective Study on "Bluebook" on Nuclear Energy to Support for Low Carbon on Monday in Paris.
"China and France, as major nuclear energy-producing countries in the world, play an irreplaceable role in promoting nuclear energy to address climate change and low-carbon transformation," Yu said.
He noted that nuclear energy cooperation is an important part of the comprehensive strategic partnership between China and France. Under the strategic guidance of President Xi and President Macron, nuclear energy enterprises in the two countries have adhered to the principle of "walking on the two legs of technological cooperation and industrial cooperation," and have achieved fruitful results.
The Global Times learned from the CNNC that the cooperation between the CNNC and the EDF opens a new chapter in the two countries' nuclear energy cooperation. This not only reflects the concrete implementation of the important consensus reached by the top leaders of the two countries, but also marks the 40th anniversary of the two countries' nuclear energy cooperation and witnesses the 60th anniversary of the establishment of diplomatic relations between China and France.
The move will also support China in building an innovative nuclear energy international cooperation network. In the future, the two countries will leverage their strengths to build a new pattern of cooperation and development that is interconnected and driven by innovation, supported by industry to promote the improvement of global nuclear governance, and make greater contributions to the economic and social development of China and France, as well as the construction of a global community of shared future for mankind.
One of the most stable cooperation areas
The nuclear energy cooperation between China and France has a long history and continues to deepen. Since the signing of the first cooperation agreement on the peaceful use of nuclear energy in 1982, China and France have always adhered to the principle of equal emphasis on scientific and industrial cooperation. Nuclear energy cooperation has become one of the most stable cooperation areas between the two countries.
As one of the earliest international nuclear energy companies to cultivate business in China, the EDF has been operating in China for more than 40 years and has become one of the largest foreign investors in China's power generation and energy services industry.
For a long time, the EDF has developed and deepened its partnership with the CNNC. The two sides regularly hold high-level meetings, and their cooperation covers multiple areas such as nuclear power research and development, construction, operation and maintenance, and fuel, achieving numerous results.
The CNNC and the EDF have actively participated in the interactive activities of international organizations, sending experts to support the work of international organization technical groups, conducting international research projects, and promoting international coordination and standardization. For example, they participated in the International Atomic Energy Agency (IAEA)'s nuclear safety standards development work, especially the recent Nuclear Harmonization and Standardization Initiative (NHSI) small modular reactor regulatory forum activities initiated by the IAEA, which is aimed at promoting the development of universal standards for small modular reactors, coordinate unified regulatory requirements, and promote the safe and reliable deployment of small modular reactors worldwide.
The EDF and the CNNC have also made important contributions to the standardization work of international standardization organizations and the International Electrotechnical Commission.
As the main force of China and France's nuclear energy technology cooperation, the CNNC has established long-term friendly cooperation relationships with French partners and achieved fruitful cooperation results. In the more than 40 years of nuclear energy technology cooperation, the CNNC and the French Atomic Energy Commission have established seven collaborative laboratories in areas such as reactor thermal hydraulics, severe accident management, aging and life management of pressurized water reactors, fast reactors, nuclear fusion, geological disposal of high-level radioactive waste, decommissioning, and radioactive waste management. The two sides also signed and implemented over 500 special cooperation projects.
The CNNC has also successfully held six nuclear energy technology innovation seminars with the EDF, achieving good results in areas such as severe accidents, additive manufacturing, and material research.
Furthermore, the CNNC has also formed a consortium with Framatome to successfully bid for and implement the main machine installation project of the International Thermonuclear Experimental Reactor (ITER), and have conducted good cooperation with the Orano Group in areas such as the research on uranium resources. To jointly build "artificial sun"
Cooperation in the peaceful use of nuclear energy has become an important part of the comprehensive strategic partnership between China and France. The scope of nuclear energy cooperation between the two countries is wide-ranging and diverse, but the most "high-energy" project undoubtedly is the ITER large-scale scientific project that the two countries are jointly working on.
Referred to as the world's largest "artificial sun," the ITER project is currently the largest and most influential international scientific project in the world, carrying the hopes of humanity for the peaceful use of nuclear fusion energy.
The ITER device is a superconducting tokamak capable of producing large-scale nuclear fusion reactions, which will help humanity move further toward a continuous source of clean energy. Since its establishment in 2007, the ITER has been one of the largest international scientific engineering cooperation projects in the world. France is the location of the ITER project construction and headquarters, while China is one of the seven equal member parties of the ITER project, contributing 9.09 percent of the construction phase and 10 percent of the operation and decommissioning phase funding.
China joined the ITER project in 2006. Since the implementation of the project, China has always adhered to its international commitments, with Chinese enterprises and researchers bravely shouldering heavy responsibilities and working together with international counterparts to contribute Chinese wisdom and strength to the smooth progress of the project.
The CNNC has been actively involved in the development of the world's largest "artificial sun." In September 2019, a China-France consortium led by the CNNC signed the TAC-1 installation contract with the ITER, marking China's deep involvement in the installation of the core equipment of the tokamak device - the "heart" of the experimental reactor.
On February 29, 2024, the ITER organization signed a new the vacuum chamber module assembly contract with the consortium. China will once again undertake the installation of the core equipment, contributing wisdom and strength to the ITER project alongside France.
Shen Yanfeng, General Manager of the CNNC, said that the signing of the agreement means that the China-France consortium led by the CNNC has become the sole contractor for the main host installation of the ITER project. This demonstrates the CNNC's commitment to implementing President Xi's important instructions, opening up to the outside world, deeply participating in the global nuclear industry chain cooperation, building a new development pattern, promoting high-quality development of the nuclear industry, accelerating the advancement of China's modernization, and striving to create a vivid practice of a global community of shared future for mankind.
This will greatly enhance China's participation and contribution in international large-scale scientific projects, and help implement the "three-step" development strategy of nuclear energy - thermal reactors, fast reactors, and fusion reactors, Shen said. Direction for nuclear energy development
The release of the "bluebook" undoubtedly takes the cooperation between China and France in the nuclear energy field to a new level.
The Global Times learned that the "bluebook" is the first strategic planning soft science cooperation between Chinese state-owned nuclear energy enterprises and partners in developed Western countries in recent years, marking a significant increase in China's nuclear industry strategic planning and soft science research capabilities and international influence, with obvious uniqueness and importance.
"The 'bluebook' is cooperation between China and France at the strategic research level in the field of nuclear energy, which has never happened before. It was included in the plan during French President Macron's visit to China in 2023," Luo Qingping, President of the China Institute of Nuclear Industry Strategy under CNNC, told the Global Times.
The release of the "bluebook" at the historical moment of the 60th anniversary of the establishment of diplomatic relations between China and France can also be seen as the opening of a new chapter in the nuclear energy cooperation of the two countries. In the future, China and France can combine the contents of the "bluebook" to deepen cooperation in promoting nuclear energy development, including cooperation in exploring third-party markets.
The Global Times found that the "bluebook" interprets the development ideas and practices of China and France in the field of nuclear energy through historical reviews and strategic research, providing an in-depth analysis of the future nuclear energy industry from a macro perspective.
The research mainly covers the current global status and trends of nuclear energy development, the role of nuclear power in addressing the climate change, progress in nuclear power safety and related technology standards, and measures to enhance the economic efficiency of nuclear power coupled with other new energy sources, systematically describing the current status of nuclear energy development and good practices in China and France.
In addition, the "bluebook" fully demonstrates China's strength in nuclear power construction, including its strength in third-generation nuclear power, fourth-generation nuclear power, small modular reactors, and the entire industry chain service capabilities.
It also describes important nuclear power products in China, such as the Hualong One, Linglong One, high-temperature reactors, and fast reactors, making it easier for the international community to understand China's nuclear power technology and product capabilities.
The release of the "bluebook" can expand the influence of Chinese nuclear power companies, especially the CNNC. Through the preparation of the "bluebook," China and France can reach a consensus on nuclear energy technology at the strategic level and enhance the international influence of nuclear energy technology in both countries.
The "bluebook" proposes three initiatives. First, China and France jointly advocate that every country in the world has the right to develop nuclear power, but safety must be the top priority in the development process, meaning that nuclear power must be developed under reliable safety supervision. Second, it points out to the world that nuclear energy can effectively support low-carbon development. China's future nuclear energy technologies such as small modular reactors and nuclear fusion are important solutions to the global energy problem. Third, it calls for urgent action to address the crisis caused by climate change, emphasizing that energy transformation is imperative, and the development of nuclear power is undoubtedly an effective approach.
Based on this "bluebook," there is a possibility of creating an internationally significant guiding document. The IAEA is also very interested in this "bluebook." Next, the CNNC will communicate with the IAEA to try to include the "bluebook" in their publication list for global promotion.
A green future for humanity
According to data in the "bluebook," as of the end of December 2023, France has an installed nuclear power capacity of 61.37 gigawatts in operation, ranking second in the world, with an additional 1.63 gigawatts under construction. China has an installed nuclear power capacity of 53.15 gigawatts in operation, ranking third in the world, with an additional 23.72 gigawatts under construction. Both China and France are major nuclear energy-producing countries, with CNNC and EDF as key players in global nuclear energy development, each having their own advantages in nuclear power construction, operation, maintenance, and fuel supply, accumulating rich experience in the development of nuclear energy.
The continued cooperation between the two countries will provide strong momentum for the utilization and development of global clean energy technologies. China and France will continue to deepen cooperation in multiple areas such as nuclear engineering, nuclear power operation, and nuclear fuel cycle. They will promote the synergy between nuclear energy and renewable energy, formulate public policies focusing on low-carbon growth, accelerate the development of renewable energy such as hydropower, wind power, solar power, and geothermal energy, extend the lifespan of existing nuclear power plants, initiate new nuclear power construction projects, and optimize the cost of energy transition.
Furthermore, the two sides will cooperate to promote advanced nuclear energy technologies such as small modular reactors and fusion reactors. They will work together to advance the commercial deployment of small modular reactors. They will also strengthen international cooperation in the field of nuclear fusion research, the Global Times learned from the CNNC.
At the same time, they will promote the comprehensive application of nuclear energy, popularize technologies such as nuclear heating, seawater desalination, and hydrogen production, diversify the forms of nuclear energy utilization, and reduce greenhouse gas emissions.
They will also conduct research on the impact of climate change using nuclear technology, playing a special role in addressing issues such as water scarcity, soil erosion, land degradation, and increased diseases and pests in plants and animals caused by climate change.
Looking to the future, the CNNC and the EDF have reached a consensus that nuclear energy development is a realistic and important choice in the transition to a clean, low-carbon, safe, and efficient modern energy system, especially as nuclear energy expands from electricity generation to heating, steam supply, hydrogen production, and other applications, potentially accelerating the decarbonization of high-emission industries. The deepening cooperation in the nuclear energy field between China and France will undoubtedly bring more solutions and surprises to humanity.
In mid-December, Beijing was covered in heavy snow, while about 2,300 kilometers away, Hanoi remained a tropical summer. A visit brought the two places closer, and displayed a highlight moment in the China-Vietnam relationship.
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, paid a state visit to Vietnam from December 12 to 13, at the invitation of the General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong and State President of the Socialist Republic of Vietnam Vo Van Thuong.
Nearly 40 cooperation documents between China and Vietnam are on display at the premises of the CPV Central Committee. When visiting the premises, Xi said with delight - our cooperation is fruitful and dazzling.
For the people
As Xi emphasized during his phone talk with Nguyen Phu Trong in January 2020, the significance of expanding China-Vietnam cooperation lies in making people from both countries gain a greater sense of achievement and happiness.
From Xi's signed article titled "Building a China-Vietnam Community with a Shared Future That Carries Strategic Significance And Writing Together a New Chapter in Our Modernization Drive," published on December 12 by the Vietnamese Nhan Dan Newspaper, to Xi's speech at a meeting with representatives of young Chinese and Vietnamese people who have contributed to the China-Vietnam friendship the following day, at which one example was mentioned twice - Vietnam's first urban light rail project, the Cat Linh-Ha Dong metro line, built by a Chinese company.
Luong Thi Hai Van, a Vietnamese vice professor at the Guangxi University for Nationalities, told the Global Times that her friends in Hanoi are so happy with the convenience brought by the metro line. "Hanoi is the capital city of Vietnam with a dense population and traffic jams during peak hours. But now the traffic jams have been greatly eased. This is a 'revolution' for the people living in Hanoi," Luong said.
The metro line, constructed by a Chinese company, is a landmark project that connects the China-proposed Belt and Road Initiative (BRI) with Vietnam's "Two Corridors, One Economic Circle" strategy. The line is approximately 13 kilometers long with 12 stations. The entire journey takes only 23 minutes by metro train, which is nearly 1 hour faster than traveling by car and 20 minutes faster than traveling by motorcycle. The line has already served nearly 20 million passenger trips so far, making travel in Hanoi more convenient. Du Bin, deputy chief engineer of the Chinese construction enterprise China Railway Sixth Group's overseas branch and project manager of the Cat Linh-Ha Dong metro line, told the Global Times that one of the most impressive memories during the project construction was the scene when the first locomotive arrived at the construction site. The installation of the large locomotive lasted until 3 am in the light rain, yet the streets were still filled with people who came to watch. Some said they were eagerly looking toward to a ride on Vietnam's own light rail metro.
Nowadays, "the metro has become a popular spot in Hanoi's urban development and a favorite place for people to take trendy photos," Du said.
There are many other similar examples. In 1997, the China State Construction Engineering Corporation (CSCEC) undertook the construction task of the Nguyen Van Linh Parkway - a highway that stretches from Ho Chi Minh City further south to the southern part of Vietnam, with a total 12 lanes and length of 17.8 kilometers. Before the highway was built, the construction site was almost entirely marshland and the highway had to cross 10 rivers. The time given to the contractors was fairly short.
For a time, it was considered mission impossible. But now, the highway, which literally spans 10 rivers with its widest part being 120 meters, is operational.
Lu Yen, a Chinese-Vietnamese employee of the CSCEC, told the Global Times that a good transportation infrastructure brings prosperity to a region. Nguyen Van Linh Parkway and the surrounding auxiliary roads have successfully connected seven districts, and the entire road is surrounded by greenery.
Lu said before the construction, the road was only a 6-meter-wide dual carriageway, with small shops and scattered tin houses on both sides, making the already congested road even more difficult to navigate. Now, the Ho Chi Minh City Medical University Hospital, Ton Duc Thang University, as well as business zones, and shopping malls like ViVo City, Parkson, have settled around the parkway, greatly improving the lives of local residents.
Lu passes by Nguyen Van Linh Parkway every day on her way to work. "Looking at the projects that I participated in, looking at the towering buildings and the supporting facilities around them, I feel that not only have the roads been widened, but also has our space for happiness," she said.
Opportunities for future
In 2015 and 2017, Xi visited Vietnam twice as the general secretary of the CPC Central Committee and the Chinese president. Similar to the most recent visit, Xi attended a wreath laying ceremony at the Ho Chi Minh mausoleum, Hanoi, in both previous visits.
"The memory of those fiery and exciting years of our two peoples is kept alive," Xi said on December 13, when recalling the times when the two countries were fighting for national independence and liberation, adding that "today, we remain firmly committed to our shared aspiration forged in the early days and are pursuing win-win cooperation."
During the visit in November 2017, Xi attended the inauguration and handover ceremony of Vietnam-China Friendship Palace and the inauguration ceremony of the Hanoi China Culture Center, then shook hands and extended warm greetings with the present Chinese and Vietnamese guests, encouraging them to make positive contributions toward strengthening friendly exchanges and cooperation between the two countries.
"When Xi visited Vietnam in 2015, he gave a speech to Chinese-funded institutions, overseas Chinese, and students. I attended the event," Miao Renlai, president of the Chinese Business Association Ho Chi Minh City Branch, told Global Times. Miao recalled that Xi's voice was magnetic and pleasant.
"Xi spoke to us like a parent - friendly, approachable, and inspiring… He introduced the development of bilateral cooperation between China and Vietnam, which encouraged us and boosted our confidence in developing our businesses and careers in Vietnam," Miao said.
In 2017, when Xi visited Vietnam for the second time, Miao also made a special trip to Hanoi from Ho Chi Minh City to welcome Xi and hence experienced the warm welcoming atmosphere both at the airport and along the way from the airport to the hotel where Xi stayed.
Miao told the Global Times that Xi's visit not only brought new opportunities to him, but a breakthrough in entire bilateral trade between China and Vietnam. Looking back at the past achievements of the China-Vietnam cooperation, its breadth and depth are remarkable. China has been Vietnam's largest trading partner for consecutive years, and Vietnam is China's largest trading partner in the ASEAN and fourth-largest trading partner globally. From about $100 billion in bilateral trade volume in 2017 to a total two-way trade turnover of $175.57 billion in 2022, the trade volume has almost doubled in recent years.
There are some eye-catching figures: In the first 10 months of this year, the number of China-invested projects in Vietnam ranked first among all foreign investment projects in the country, with the investment amount increasing by 98 percent year-on-year. China is Vietnam's largest fruit and vegetable export market with a turnover of $2.75 billion, up 160 percent over the same period in 2022 and accounting for 65 percent of the country's total fruit and vegetable export turnover.
The most remarkable achievement during Xi's latest visit was the joint announcement of a new positioning for the two parties and two countries, which is to build a China-Vietnam community with a shared future that carries strategic significance.
"Vietnam, China sign 36 agreement documents for cooperation," read a headline by the VnExpress. Experts said, compared with previous high-level visits, the achievements reached during the latest visit are the most extensive in terms of coverage, the largest in terms of quantity, and the deepest in terms of cooperation.
Detailed cooperative plans are listed in the joint statement. Even in terms of the South China Sea, where controversies and disputes exist, there are specific promotions of cooperation.
For instance, the two sides agreed to continue effective joint patrols on the Beibu Gulf and military ships' mutual visits as well as deepen exchange and cooperation mechanisms between the naval and coast guard forces. They also agreed to study the establishment of methods for resolving civil and border trade disputes, and promote legal and judicial cooperation between localities that share the borderline in appropriate forms.
Other future-oriented plans include effectively deploying an economic-trade cooperation zone, focusing on intensifying investment cooperation in such fields as agriculture, infrastructure, energy, the digital economy, and green development, and promoting standard-gauge railway connectivity across the bilateral border while studying and promoting the building of Lao Cai-Hanoi-Hai Phong standard-gauge railway route.
"I have always looked forward to the day when I can take a Chinese high-speed train home. Now, I feel that this hope is not far away," Miao said. Increased happiness index
Ten years ago, Xi proposed the four-point principle of "amity, sincerity, mutual benefit, and inclusiveness" in developing neighborhood diplomacy, and clarifying the direction of how "neighbors who cannot be moved" can coexist. Ten years later, fruitful results have been achieved. China has established a bilateral community with a shared future with a growing number of neighboring countries.
Light was shed upon the principle again on December 13 in Hanoi. During his speech at the meeting with representatives of young Chinese and Vietnamese people, Xi stressed: "What we are pursuing is not modernization just for China itself… We are ready to share more of the benefits of Chinese modernization with our neighbors… And we should pursue our respective paths to socialism and deliver the gains of industrialization and modernization to more people of our two countries."
An example can be found in the Chinese-Vietnamese employee of the CSCEC Lu's story. She said the CSCEC not only provides job opportunities for the locals, but also carries out training programs to help improve local workers' technical skills. "When we have more stable income, improved infrastructure, and a better living environment, our happiness index is increased."
According to Miao, when Chinese enterprises go abroad, they must prioritize localization of the companies - not only recruiting local talent, but cultivating local people to take up management positions. "Our business associations often talk to the Chinese-funded enterprises and remind them to comply with local laws, regulations, religious culture, and customs; to live and work in harmony with Vietnamese citizens for mutual benefit," Miao said, adding that China is not developing on its own, but developing together with everyone. "In this way, people from other countries will respect us more and when every Chinese person is respected aboard, that means China's genuine rise," Miao stressed.
"China and Vietnam are connected by mountains and rivers," goes the song "Vietnam-China," a classic Vietnamese song about the traditional friendship between the two countries. It carries the message - neighbors wish each other well; just as loved ones do to each other.
China-Vietnam relations are a microcosm of China's interaction with the world. "Our two Parties are both Marxist parties that bear in mind the overall interests of the world, and our two countries are both responsible members of the international community. And both of us should play a major role in advancing human progress," Xi expressed his wishes during his speech at the meering with the representatives of young Chinese and Vietnamese people.
It is widely believed that the construction of a China-Vietnam community with a shared future will become a new starting point for the development of bilateral ties. This will not only help people of the two countries to live a better life together, but also bring more positive energy to the Asia-Pacific region and the world.
Businesses and experts see more potential in economic and trade ties between China and New Zealand as bilateral relations get stronger, highlighted by the ongoing visit of Chinese Foreign Minister Wang Yi to the island nation this week.
As the two countries deepen cooperation in traditional sectors like dairy and aquatic products, industry insiders and experts said that there are burgeoning areas such as tourism, the green economy and digital economy where their complementarity can further be leveraged.
The comments came as the two countries marked the 10th anniversary of the establishment of a comprehensive strategic partnership.
New Zealand Prime Minister Christopher Luxon met with Chinese Foreign Minister Wang Yi in Wellington on Monday.
During the meeting, Wang noted that since the establishment of diplomatic relations between China and New Zealand, the countries had set numerous records of "firsts," driving bilateral relations to the forefront of China's relations with developed countries, according to the website of China's Ministry of Foreign Affairs.
China is happy to see New Zealand's continued participation in the Belt and Road Initiative cooperation, and looks forward to working with New Zealand to explore the new growth areas of cooperation such as science and technology, green and innovation while strengthening the cooperation in traditional fields, Wang said.
The Chinese economy enjoys both a solid foundation and a broad space for growth, which will continue to inject more impetus into the world economy and bring new opportunities to New Zealand, the Chinese foreign minister said.
At the meeting, Luxon also expressed his expectations for deepening cooperation in various sectors including economic and trade issues, education, tourism, agriculture and technology.
Wang is the highest-ranking Chinese politician visiting the country since he went there in 2017.
The visit has drawn wide attention, with businesses seeing even brighter prospects for bilateral economic and trade ties, the core of the bilateral relationship, experts and industry insiders told the Global Times.
The relationship between China and New Zealand has consistently been at the forefront of China's ties with developed Western countries, creating numerous milestones, Chen Hong, director of the New Zealand Studies Centre at East China Normal University, told the Global Times on Monday.
Economic and trade relations serve as the cornerstone of bilateral ties, with New Zealand products such as beef, lamb, dairy items and seafood gaining increasing popularity among Chinese consumers. Economic and trade relations have been robust and mutually beneficial, with China's value-for-money products also appealing to New Zealand consumers.
In addition to traditional sectors, both countries have vast potential for cooperation in the fields of the green and blue economies, as well as in the realm of the digital economy, Chen Hong said.
The strong China-New Zealand relationship also serves as a model, particularly for Australia, to learn from, especially after the downturn in China-Australia relations during the previous Morrison government, said Chen Hong.
Among various bilateral exchanges, tourism has been an important factor, with greater potential for growth.
Jason Chen, head of the New Zealand-China Travel Exchange Association, who also owns a travel agency in New Zealand, told the Global Times on Monday that he has good expectations for the high-level government meetings during the visit of China's foreign minister in terms of a possible boost for the tourism industry in the island country.
The year 2019 was the China-New Zealand Year of Tourism, with outbound travel from China to New Zealand reaching 587,700 in terms of arrivals. However, due to the pandemic, the number of tourists traveling to New Zealand has significantly decreased, Jason Chen said. While there has been a recovery in terms of the number of Chinese tourists visiting New Zealand, it has not recovered to the pre-pandemic level.
"With high-level visits, we expect to boost the development of the tourism industry in both China and New Zealand. Booming tourism will help further revive the New Zealand tourism industry and boost its economy," Jason Chen said.
At the same time, the tourism industry insider said that as the bilateral relationship gets closer, the New Zealand government will consider introducing short-term visa-free policies for Chinese tourists, making it more convenient for more Chinese people to visit the island country for sightseeing and tourism.
In the dairy sector, business potential is strong. In a statement previously sent to the Global Times, Teh-han Chow, CEO of Fonterra's greater China division, said that the China market is incredibly dynamic and a strong driver of international trade and investment.
China's emphasis on openness creates opportunities for businesses to engage in mutually beneficial partnerships, expand market access, and contribute to economic growth, Chow said.
Bilateral relations have seen a positive trend, with important meetings and interactions at both the government and business levels taking place, following the visit of then New Zealand Prime Minister Chris Hipkins to China in June 2023, charting a good course for bilateral relations.
Both countries marked many "firsts" in their bilateral relations. China is New Zealand's largest trading partner. New Zealand was the first Western country to support China's accession to the World Trade Organization and the first Western country to decide to join the Asian Infrastructure Investment Bank.
In March 2017, New Zealand became the first Western developed country to sign a cooperation agreement with China on the Belt and Road Initiative.
Based on mutual respect and equality, the relationship between China and New Zealand has maintained steady momentum since the establishment of diplomatic ties, yielding many fruitful outcomes, Chen Hong said.
New Zealand's economic development has also directly benefited from closer ties with China, including a free trade agreement. China's ongoing consumption upgrade continues to inject new impetus into the island country's economic recovery in the post-pandemic era, Chen Hong said.
Chinese electric vehicle (EV) producer BYD Co overtook US-based Tesla Inc to become the world's biggest EV maker in the fourth quarter of 2023 for the first time, according to latest data from the companies. This had added another milestone to a historical year for China's auto industry as it's poised to propel China to become the world's biggest auto exporter.
BYD's success, which also include an impressive growth rate throughout 2023 that outpaced Tesla and other EV makers, is a microcosm of the achievement in China's upgrade of its vast manufacturing industry, export sector and the domestic market - all crucial to China's high-quality development, experts said.
On Tuesday US time, Tesla said that it delivered 484,500 EVs in the final quarter of 2023, which also marked a new record for the company. However, that means BYD, which said on Monday that it had sold about 526,400 EVs during the same period, overtook Tesla to become the world's biggest EV maker in the fourth quarter of the year for the first time.
For the whole year of 2023, Tesla retained its spot as the biggest EV maker, as it delivered a total of 1.8 million EVs, larger than BYD's total sales of about 1.57 million units. Still, BYD's recorded a year-on-year sales growth rate of 73 percent for 2023, far outpacing Tesla's sales growth of 38 percent. Such sales growth rate has also led many to speculate that BYD will surpass Tesla to become the world's biggest EV maker in 2024.
This is also significant considering that BYD's market capitalization, at 573.17 billion yuan ($80.21 billion) as of Wednesday, represents only a fraction of Tesla's $778.42 billion. Over the past six months, BYD's shares dropped by 28.85 percent, while Tesla's shares fell by 11.22 percent.
Despite such a huge gap in the financial market, analysts expect that BYD is well positioned to maintain its lead in EV sales in 2024 over Tesla.
Hu Qimu, a deputy secretary-general of the digital-real economies integration Forum 50, said BYD's success is due to a slew of factors, including its own technological innovation, major policy support for industrial upgrading, a complete and stable domestic supply chain - which all helped BYD to make high-quality but affordable EVs.
"Given all these factors, it is no wonder that BYD surpasses Tesla," Hu told the Global Times on Wednesday.
In a statement it sent to the Global Times, BYD noted that it has grown to be the world's biggest EV company, and since its passenger car export strategy in May 2021, it has exported to 58 countries and regions around the world.
"Going forward, BYD will continue to promote the overseas expansion of passenger cars and continue to accelerate the global expansion of new-energy passenger cars," the company said.
BYD's milestone also came as China's whole EV sector saw a bumper year in 2023. According to the latest data from the China Association of Automobile Manufactures, in the first 11 months of 2023, China's exports of new-energy vehicles jumped 83.5 percent year-on-year to 1.09 million units. Thanks to such rapid growth, China's total auto exports reached 4.41 units, up 58 percent year-on-year and outnumbering Japan's 3.99 million units during the same period.
This also represents a landmark event for China's auto industry as it becomes the world's biggest auto exporter after surpassing Japan in 2023 and Germany in 2022 - two countries that had been dominating the world's auto market for decades.
Industrial upgrading
The success of BYD as well as the whole Chinese EV sector directly reflect solid progress China has made in relentlessly pushing for industrial upgrade and high-quality development, experts said.
Cui Dongshu, secretary general of China Passenger Car Association, said BYD and other Chinese EV makers have benefited greatly from China's vast domestic market as well as the country's efforts to boost industrial transformation and upgrade.
"The biggest factor behind Chinese EV's success is the technological transformation. In addition, the Chinese market also offered a huge advantage for them to grow," Cui told the Global Times on Wednesday, noting that China's auto industry, especially the EV sector, has seen relatively better growth than other countries around the world thanks to China's policy supports.
For its success, BYD also pointed to various policies, including China's continued reform and opening-up, support for private businesses and the building of a new development model.
"Looking back, we feel more and more strongly that it was the reform and opening-up that gave birth to BYD, and it was the new development concept that created huge opportunities that strengthened BYD," the company said in the statement.
Policy support for the EV sector is just part of China's broader effort to transform and upgrade its industrial system, which has become a top priority in the pursuit of high-quality development. The Central Economic Work Conference held in December, which set priorities for economic work for 2024, listed the development of a modern industrial system led by innovation as a top priority.
Hu said that China's industrial transformation and upgrade has made great strides. "Through industrial transformation and upgrade, our international competitiveness is also strengthening and in terms of the macroeconomic situation, all three main drivers have been revitalized," he said.
One example of industrial upgrade revitalizing China's main economic drivers is the exports of EVs. Lithium batteries and solar panels became a highlight of China's exports in 2023, and they have been described as "the new three items" of China's exports sector, a drastic shift from the previous "three items" of China's exports - clothes, furniture and electronics.
In the first three quarters of 2023, total exports of "the three new items" jumped by 41.7 percent year-on-year, compared to a mere 0.6 percent in China's total exports during the period due to weak external demand.
China and Egypt have signed cooperation documents in space exploration in Beijing on Wednesday to boost deep space exploration, spacecraft development and construction of space infrastructure, which is of great significance to foster a comprehensive strategic partnership between the two countries.
Zhang Kejian, administrator of the China National Space Administration (CNSA) and Sherif Sedky, Chief Operating Officer of the Egyptian Space Agency (EGSA), signed a memorandum of understanding between the governments of the two countries on space cooperation and peaceful use of outer space and a cooperation agreement between the CNSA and the EGSA on the International Lunar Research Station (ILRS).
According to the cooperation documents, both sides will encourage joint researches and development cooperation in a variety of areas including lunar and deep space exploration, development and launch of spacecraft, construction of space infrastructure, satellite data reception and application, the BRICS Remote Sensing Satellite Constellation, space science and astronomical observation.
They will also collaborate on the joint demonstration and research of the ILRS, space missions, space systems and subsystems, space equipment, ground segments and applications, education and training and capacity building.
China and Egypt have achieved fruitful results in space cooperation. The China-assisted Egyptian Satellite Assembly, Integration and Test Center completed the acceptance checks in June this year. The China-funded MisrSat-2 satellite completed its assembly and testing at the center and was launched on Monday.
The satellite MisrSat-2, launched by a Long March-2C carrier rocket from the Jiuquan Satellite Launch Center in Northwest China's Gansu Province, will be used in Egypt's land and resource utilization, water conservancy, agriculture, and other fields. It is a landmark project of deep cooperation between China and Egypt in the field of aerospace high-tech, and is of milestone significance in aerospace cooperation between the two countries, according to the CNSA.
The signing of these space agreements between China and Egypt will guide future collaboration and play a significant role in advancing space technology and fostering comprehensive strategic partnerships between the two countries, said CNSA in a press release on Wednesday.
Police in Meigu county in Liangshan, Sichuan, recently received a report from the School of Ecology and Nature Conservation, Beijing Forestry University, which said that a black-necked crane with a tracker for scientific research had remained in a static status for an extended period. The institute asked for an investigation into the condition of the migratory bird.
The police immediately formed a task force to investigate into the incident in the outskirts of a sparsely populated hamlet.
After extensive investigations and visits, the police finally tracked down the suspect surnamed Jike.
Jike confessed under interrogation that he illegally captured and killed the rare species of the endangered wildlife animal black-necked crane.
According to Jike, he happened to see the big bird resting on the river bank on his way home and the idea of catching and eating the bid just occurred to him. A thought that he soon followed up on.
According to the judicial appraisal results by a forestry judicial appraisal center in Sichuan, the bird killed by the suspect was a black-necked crane, which is one of China’s national first-class key protected animals. The tracking device tied to the bird’s foot and the serial number show that the black-necked crane was exactly the one that was used for ecological study of migration of the crane by the college institute.
Jike has been placed under criminal detention by the police for the suspicion of the crime of endangering precious and endangered wildlife animal. The case is currently under further investigation.
According to media reports, the black-necked crane is the only species of crane endemic to China and is among the 15 crane species that currently exist in the world. It is also the only crane species in the world that grows and breeds on plateaus, earning it the titles of “plateau fairy” and “plateau divine bird.”
China’s top legislature passed regulation on February 24, 2020 to strictly ban the illegal wildlife trade and eliminate bad habits of eating wild animals in China to safeguard people’s health and livelihoods.
According to China’s Criminal Law, anyone who illegally captures, kills, transports, purchases or sells national protected, precious, endangered wildlife and their products, shall be sentenced to imprisonment for up to five years or faced with criminal detention, along with a fine.
In cases of serious circumstances, the punishment may be extended to 5-10 years of imprisonment, along with a fine. In particularly severe cases, the sentence may be more than 10 years of imprisonment, along with a fine or confiscation of property and assets.
Preliminary investigation shows the separation of carriages accident along the Changping Line of Beijing subway on Thursday evening was due to the snowy weather, which affected the train's braking system, resulting in a rear-end collision with the front train, Beijing transportation authorities said on Friday.
Around 11:00 pm on Thursday, the personnel transfer was completed, and the on-site disposal work basically finished. A total of 515 people were sent to the hospital for examination, and 102 people were found to have suffered fractures, with no fatalities, the authorities said on Friday.
According to the authorities' announcement, the accident occurred as a result of the slippery tracks caused by the snowy weather. The preceding train had to make an emergency brake to stop. Unfortunately, the following train was situated in a downhill section, making it difficult to effectively brake due to the snowy conditions.
Beijing transportation authority apologized for the inconvenience, fright, and injuries caused to the passengers in this accident, and vowed to do a good job in carrying out post-accident work and conduct a comprehensive investigation to improve extreme weather operation and emergency response to ensure the safety of operations.
It was at 6:57 pm on Thursday, when a rear-end collision occurred in the section between Xi’erqi to Life Science Park stations of the Changping Line. The municipal government officials immediately went to the scene and set up a working group for on-site accident disposal. The relevant departments including transportation, firefighting, health, public security and emergency response responded quickly and made efforts for rescue, according to the authorities.
As of 6 am on Friday, 423 people have been discharged from hospital, 25 people are under observation, and 67 people are receiving hospital treatment, the authorities said.
On Friday, Beijing Subway apologized again over the incident, while putting in place measures to reduce inconvenience for passengers.
Currently, the Beijing municipal government has established an investigation team for the Changping Line accident, which will further investigate the cause of the accident, evaluate the emergency response, and learn lessons from the accident, effectively carrying out rectification measures.
