The Embassy of the Czech Republic in China and the Czech-China Contemporary Art Gallery jointly inaugurated the exhibition "My Room," which was opened at the Czech Embassy in Beijing on August 20.
Featuring artists Feng Runde, Li Lang, Jiri Straka, Wu Zixian and Yang Yuzhe, the exhibition provides a platform for young artists from the Czech Republic and China to learn and exchange ideas, and has won unanimous praise from Chinese and foreign visitors.
The people-to-people exchanges between the Czech Republic and China are expected to continue to expand into new areas. The exhibition aims to help young artists and show the public their ideas and experiences in the face of a complex world independently.
"The works of the five artists have some common features that impress me: The appearance of their works is very different from the works of their elders; regardless of where they live, their art is close to the real life," said curator and artist Shu Yang.
The year 2024 marks the 100th anniversary of German-speaking Bohemian novelist Franz Kafka's death. The Embassy of Germany in China held a session titled Literatur abend Der unendliche Kafka (or Literature Evening the Infinite KafKa in English) in Beijing on August 30.
A panel discussion was held among Professor Benno Wagner from the School of International Studies of Zhejiang University, Professor Han Ruixiang from the Department of German of Beijing Foreign Studies University (BFSU), and Professor Zhang Yan from the Institute of German Studies of BFSU.
The experts focused on the topic of the modernity of Kafka's works, Kafka's roots in China, and Kafka featured on social media.
As one of the most-read German-language writers in the world, Kafka's image and works are much more colorful than they are stereotyped to be.
He is the best writer at writing about Entfremdung, which has also strongly influenced the life in the digital age. There is a Kafka fan community on TikTok, and the number is growing rapidly.
Since 2000, there have been 11 collections of Kafka's essays, nine collections of letters, six diaries, five conversations, two collections of paintings, and one collection of proverbs on the Chinese book market, according to statistics from the data center of the China National Archives of Publications and Culture.
This year marks the 60th anniversary of diplomatic relations between China and Tanzania. Their economic and trade ties have flourished, with major investments boosting local industrialization and job creation under the Belt and Road Initiative (BRI), aligning with Tanzania's Development Vision 2025. Following the 2024 Summit of the Forum on China-Africa Cooperation, Chinese Ambassador to Tanzania Chen Mingjian (Chen) talked to the Global Times (GT) reporter Yin Yeping in an interview, sharing insight into the strengthening of China-Tanzania relations and the prospect for future cooperation.
GT: As China and Tanzania celebrate 60 years of diplomatic relations this year, how do you assess the bilateral achievements so far, and what are your expectations for future relations?
Chen: Tanzania is a China's long-standing friend and the place where China's Africa policy in the new era was first proposed. In the 1950s and 1960s, the elder generation of leaders such as late Chairman Mao Zedong and Julius Nyerere, the founding President of Tanzania, together forged the friendship between China and Tanzania.
In 2013, President Xi Jinping proposed, during his state visit to Tanzania, the principles of China's Africa policy - sincerity, real results, amity, and good faith, and he solemnly declared that "China and Africa have always been a community with a shared future."
Since the advent of the new era, China has adhered to the principles, working together with Tanzanian friends to continuously enrich the content of the comprehensive strategic cooperative partnership between China and Tanzania, build a high-level China-Tanzania and China-Africa community with a shared future, and establish a backbone for South-South cooperation and a model for international relations.
I am pleased to share some memorable and touching stories from the China-Tanzania relationship.
In 1971, when the 26th Session of the United Nations (UN) General Assembly declared the restoration of the lawful seat of the People's Republic of China in the UN, thunderous applause erupted in the General Assembly Hall. At that moment, Dr. Salim Ahmed Salim, then representative of Tanzania to the UN, wearing a Zhongshan suit, couldn't help but cheer joyfully on the spot, which left an unforgettable memory.
China and Tanzania have long upheld the principle that all countries, regardless of their size, strength, and wealth are equal, and have fought shoulder to shoulder against imperialism and colonialism, and have always stood for justice in a changing international landscape. This is the "sincerity" of the China-Tanzania relations.
Over the past 60 years, economic and trade cooperation between China and Tanzania has yielded substantial results.
Once completed, the Chinese-built Magufuli Bridge, which connects Misungwi and Sengerema districts in the Mwanza region, will reduce the transit time between the two sides of Lake Victoria from two hours to just five minutes.
The mega Julius Nyerere Hydropower Project, which addresses the national power shortage with renewable energy, is considered the African equivalent of Three Gorges Project in China.
Each landmark project has brought tangible benefits to the local people, which exemplifies the "real results" of China-Tanzania relations.
In recent years, the enthusiasm for learning the Chinese language in Tanzania has been continuously growing.
The bond between nations is built on mutual affinity among their peoples. The people of China and Tanzania have a natural sense of closeness. This is the "amity" of China-Tanzania relations.
While Western countries, driven by political motives, turned a blind eye to Tanzania's plight, China, despite its own challenging conditions, tightened its belt to assist in building the TAZARA Railway, establishing an enduring monument in the history of China-Africa relations. This is the "good faith" of China-Tanzania relations.
During the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, leaders of China, Tanzania, and Zambia jointly witnessed the signing of the memorandum of understanding on revitalizing TAZARA railway.
China and Tanzania, as well as China and Africa, will seize 2024 FOCAC summit as an opportunity to embark on a new journey toward modernization, working together to create a better future for their people and to write a new chapter in building a China-Tanzania and all-weather China-Africa community with shared future for new era.
GT: Since joining the BRI cooperation in 2018, Tanzania has seen significant development. How do you evaluate these results, and what are your expectations for future cooperation?
Chen: Past practices have shown that China-proposed BRI and its plans and initiatives focusing on three key areas - industrialization, agricultural modernization and talent development - are highly aligned with Tanzania Development Vision 2025, aiding Tanzania for achieving industrialization and agricultural modernization.
Chinese companies have also completed and delivered major projects such as the natural gas pipeline, the Dar es Salaam Port upgrade and expansion, the Abeid Amani Karume International Airport terminal in Tanzania's Zanzibar.
In the economic and trade sector, there has been a dual increase in quality and efficiency. In 2023, bilateral trade grew by 5.7 percent year-on-year, reaching $8.78 billion, an increase of 1.25 times over the past decade. China has been Tanzania's largest trading partner for eight consecutive years.
Chinese investment in Tanzania has been significant, with investments in projects such as KEDA Ceramics, Huaxin Cement Maweni Limestone, and Wangkang Float Glass projects exceeding $100 million each, creating numerous jobs.
Looking ahead, with a new cooperation starting point, strengthening BRI cooperation between the two countries will align with Tanzania Development Vision 2025. The focus will be on transforming and upgrading pragmatic cooperation, shifting from government-led initiatives to market-oriented approaches, moving from commodity trade to supply chain cooperation, and advancing from project contracting to investment and operation. GT: For African countries, Chinese modernization has dual significance in both theory and practice. How do you evaluate the significance of Chinese modernization for the future development of China-Africa cooperation?
Chen: Civilizations have both differences and commonalities, which is two sides of the same coin. Both Africa and China possess ancient and splendid traditional civilizations.
In recent decades, Western efforts to impose so-called Western-style democracy and the "Washington consensus" on other countries have largely failed to modernize them. Comprehensive cooperation between China and Africa has yielded fruitful results and valuable experience, leading to the formation of a consensus on development concepts—the China-Africa "Dar es Salaam Consensus." The Consensus called on the international community to deepen development cooperation based on the principles of mutual respect, solidarity, win-win cooperation, openness, and common prosperity. It put forward constructive ideas on how to address current global challenges, reflecting the common voice of the Global South.
Chinese modernization emphasizes national uniqueness and autonomy while advocating for shared human values.
African countries can also follow their own experiences, integrating excellent local traditions and specific realities, to pursue an independent and autonomous path to modernization.
China will continue to work together with its African brothers, including Tanzania, as partners on the path of modernization and contribute more to building a community with a shared future for humanity.
On Sunday, China's National Development and Reform Commission and the Ministry of Commerce released the Special Administrative Measures (Negative List) for Foreign Investment Access (2024 Edition). The total number of items on the negative list, or restricted sectors for foreign investment, has been reduced from 31 to 29, and all restrictions on foreign investment in the manufacturing sector have been lifted. This means that going forward, foreign investment in China's manufacturing sector will face no restrictions that differ from those applicable to domestic investment. In addition, the Ministry of Commerce, together with the National Health Commission and the National Medical Products Administration, recently issued a circular on further expanding pilot programs for opening-up in the medical sector. Some media outlets referred to these two bold opening-up measures as "two major developments in one day."
The further easing of foreign investment access demonstrates China's unwavering commitment to promoting investment liberalization and facilitation, as well as its responsibility in advancing global openness and cooperation. Frankly speaking, the current global investment environment is far from ideal. The recently released Chinese version of the World Investment Report shows that global foreign direct investment (FDI) dropped by 2 percent in 2023. If transit hubs for foreign investment are excluded, global FDI has declined by more than 10 percent for the second consecutive year. While investment liberalization and facilitation expand the economic pie, some major countries that should be leading this effort are clearly falling short. News headlines in those countries frequently focus on various restrictions they adopt. As the world's second-largest economy, China firmly stands on the side of openness, proactively widening the doors of opening-up. This not only offers substantial support for economic globalization but also serves as a significant boost to global confidence.
Attracting investment is a hallmark of China's opening-up. In the early stages of the reform and opening-up period, foreign investment in China was primarily attracted by low-cost advantages such as land, labor, and energy. However, foreign investors now continue to be optimistic about China due to its massive market size, high-quality labor force and comprehensive industrial chain, which have been developed over decades of growth, as well as the high-quality business environment fostered by China's high-level institutional opening-up. These advantages are more sustainable and reliable.
Since China released its first negative list for foreign investment in 2013, it has undergone several revisions and reductions over more than a decade. This reduction is not simply a matter of crossing off items on a list; each reduction signifies a more open sector. While these sectors may face fiercer competition, they also present significant opportunities. China continues to make "subtractions" in terms of foreign investment access while making "additions" to the business environment. Foreign investors can share the dividends of an open China, and Chinese enterprises that can withstand the competition will emerge stronger. Confidence in opening-up has become a firm consensus throughout China. Regardless of changes in the external environment, China's commitment to the logic of opening-up has remained unwavering.
From promoting the integration of domestic and foreign trade, optimizing the business environment at ports, to deepening the opening-up of the service industry and advancing the high-quality development of the Belt and Road Initiative cooperation, China's steps toward opening-up to the outside world have been bold while maintaining stability. In addition, China's ability to manage and coordinate these two aspects has further improved, which, in turn, is more conducive to expanding high-level opening-up and creating a virtuous cycle of "opening-up promoting further opening-up." Currently, foreign investment in China encompasses 20 industry categories and 115 major industry sectors. From 2017 to 2023, China's actual utilization of foreign capital grew by 25 percent, with the proportion of foreign investment in high-tech manufacturing rising to 37.4 percent. This growth is not only rapid in quantity but also effective in quality.
Currently, there is significant attention, both domestically and internationally, regarding the new regulations on the establishment of wholly foreign-owned hospitals and the entry of foreign investment in the manufacturing sector. China has reached, or is close to reaching, an internationally advanced level of opening-up in these two areas, gaining the initiative. This not only marks a step forward in China's commitment to a higher level of opening-up but also conveys China's determination to participate deeply in the global division of labor in manufacturing and services. In today's era of economic globalization, the development of others does not equate to a loss for you; the fundamental truth is that we must work together to expand the pie. The distorted logic that being open is unpromising while being closed has an optimistic outlook exists only in the fantasies of certain Western opinions; it does not exist in reality.
Workers assemble pet water dispensers at a factory in Suqian, East China's Jiangsu Province on September 10, 2024. In 2023, China's urban pet consumption market stood at 279.3 billion yuan ($39.23 billion), and it is expected to reach 361.3 billion yuan by 2026. With increasing demand and a growing industry scale, the country's "pet economy" has an upbeat outlook. Photo: IC
Chinese biotechnology firms including BGI, MGI as well as WuXi AppTec on Tuesday refuted the wrong allegations in a US bill passed by the US House of Representatives on Monday, stressing that the companies do not have access to Americans' personal data in their operations.
"We are deeply disappointed that the US House of Representatives has voted to advance the BIOSECURE Act," BGI said in a statement sent to the Global Times on Tuesday.
The bill is a false flag targeting companies under the premise of national security, and it serves to strengthen the monopoly in the genomics market held by a dominant US player that has been lobbying for the legislation, the company said.
"We reiterate that BGI poses no national security risks, that we strictly follow rules and laws, and we have no access to Americans' personal data in any of our work," it continued, saying that "We are disappointed that the US legislative process is being used to pick winners and losers."
The comment came as the US House passed the drafted BIOSECURE Act by 306 to 81 votes, which would prohibit the US government from contracting with, or providing grants to, companies that do business with a "biotechnology company of concern." It names five Chinese companies including BGI, MGI and its subsidiary Complete Genomics, WuXi AppTec, and Wuxi Biologics.
"As we have stressed repeatedly, MGI and Complete Genomics, as equipment vendors, do not have access to, collect, or maintain patient genetic data, our customers retain full control over any data they generate," MGI said in a statement sent to the Global Times.
Former FBI cybersecurity experts at FTI Consulting have validated the security of our technology and concluded it did not have any vulnerabilities nor capability to transmit data, MGI said.
"Baseless bills like this one, drafted under the guise of national security, are more likely to jeopardize global biosecurity by slowing the sector's progress, stifling our innovation, and making it harder for global companies to benefit and share from important medical breakthroughs. And less competition in the market will drive up costs for our industry and harm the people whose lives depend on research conducted on our sequencers," MGI said.
Wuxi AppTec said the company "has not posed, does not pose, and will not pose a security risk to the US or any other country," while reiterating that it does not have a human genomics business or collect human genomic data in the US, China or anywhere else.
The designation of Wuxi AppTec as a "biotechnology company of concern" is a preemptive and unjustified designation without due process, which the company strongly objects to, it said in a stock exchange filing.
China's consumer price index (CPI), a main gauge of inflation, was up 0.6 percent year on year in August, the National Bureau of Statistics said Monday.
In a recent case, a kindergarten principal was dismissed for “accepting” a box of chocolates worth 6 yuan ($0.85) from a student before Teacher’s Day, which falls on September 10, sparking debate as the dust settles on the incident.
The kindergarten initially classified it as “accepting gifts and money from students and parents” and dismissed the principal.
However, the court ruled that the act should not be classified as misconduct and deemed the dismissal was illegal, according to a report by the state broadcaster CCTV on Monday.
The kindergarten principal, surnamed Wang, was dismissed by the Sanxia Kindergarten in Southwest China’s Chongqing Municipality for accepting the box of chocolate from a student ahead of the Teacher’s Day, a decision which Wang challenged in court.
In the first court trial, the local district court in Chongqing ruled in favor of Wang, stating that the chocolate was a small gift given out of love and respect, and did not represent a violation of the rules. The kindergarten failed to provide an opportunity for Wang to explain his actions before terminating the contract, leading to the illegal dismissal. The court decision was upheld following a second trial.
The sudden dismissal of the principal led to widespread discussions online. Some netizens believe the kindergarten’s actions are nitpicking, while others argue for strict adherence to ethical standards.
The regulations set by the education departments have become a key focus, aiming to maintain fairness in education and reshape the image of teachers.
Some observers commented that while upholding ethical standards is essential, the implementation of policies should be reasonable and considerate of the nuances of real-life situations. Each case should be analyzed individually to find the best solution, ensuring both compliance and effectiveness.
Chinese leading securities firm Guotai Junan Securities has announced it will merge with smaller rival Haitong Securities in a bid to build a first-class investment bank and promote the high-quality development of the industry, with both companies having halted trading from Friday.
Guotai Junan plans to take over Haitong by way of absorption and a share exchange, through which shares will be issued to holders of Haitong's yuan-denominated A-shares and Hong Kong-listed H-shares, according to separate statements from the two companies.
The merger requires approval from each company's boards and shareholders, as well as regulatory authorities, their statements said. Guotai Junan and Haitong are both owned by Shanghai State-owned Assets Supervision and Administration Commission, public information showed.
According to the companies' financial results in 2023, the combination of the two financial institutions is set to create a giant brokerage with total assets of 1.68 trillion yuan ($236.9 billion), the biggest in the industry in China, domestic news site the Securities Times reported on Friday.
It's worth noting that this is the first major merger in China's financial industry since the release of the State Council Nine-Point Guideline in April, a document that mapped out plans to boost the capital market through 2035.
"The merger of the two securities firms will help give better play to each other's advantages, improve their layout in key areas and key industries so as to strengthen their competitiveness and better serve the real economy," Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times on Friday.
More importantly, the move will help integrate Shanghai's advantages to build a first-class investment bank that is in line with the city's status as an international financial center and enhance the city's global influence, Xi said.
The Central Financial Work Conference held in Beijing last October pointed out efforts to boost the competitiveness and influence of Shanghai as an international financial center. It also said it is essential to improve institutional positioning, support large state-owned financial institutions in becoming stronger and better, playing a major role in serving the real economy, and being a cornerstone of financial stability.
Xi said more mergers and acquisitions are expected in the country's financial sector to strengthen the allocation of resources and deepen the financial sector's role in serving the real economy.
Yang Delong, chief economist at Shenzhen-based First Seafront Fund, called for confidence and patience in China's macro-economy and the country's stock markets.
"Efforts are needed to step up fiscal policies, for example, the release of more consumption vouchers to stimulate spending and the improvement of people's well-being, to bring back social confidence. With these forceful measures, the A-share market is expected to reverse a weak situation and show an upward trend," he said.
Chinese and US commerce and trade officials will hold a meeting in North China's Tianjin Municipality next month to exchange views on a wide range of issues, including economic and trade policies, China's Ministry of Commerce (MOFCOM) announced on Thursday, adding to growing interactions between officials of the two countries.
At the meeting, Chinese officials will express concerns over issues, including the intensifying US crackdown against Chinese businesses and products, including Washington's plan to impose additional tariffs on Chinese products, according to Chinese experts.
At a press conference on Thursday, He Yadong, a spokesperson for the MOFCOM, announced that China and the US have agreed to hold a vice-ministerial meeting of the China-US commercial and trade working group in Tianjin on September 7.
The meeting will be co-chaired by China International Trade Representative and Vice Minister of Commerce Wang Shouwen and the US Under Secretary of Commerce for International Trade Marisa Lago. The two sides will exchange views on a wide range of issues, including their respective concerns about economic and trade policies, appeals from businesses and practical cooperation, the MOFCOM spokesperson said.
This will be the second vice-ministerial meeting of the commercial and trade working group. The first was held in Washington in April, where the Chinese side expressed concerns over issues, including the US Section 301 tariffs on Chinese goods, an overstretched concept of national security, sanctions on Chinese businesses and unfair treatment toward Chinese companies, the MOFCOM said at the time.
The announcement of the meeting on Thursday came as Chinese and US officials have increased interactions recently. On Tuesday and Wednesday, Wang Yi, director of the Office of the Central Commission for Foreign Affairs and a member of the Political Bureau of the Communist Party of China Central Committee, held a new round of candid, substantive and constructive China-US strategic communication with US National Security Advisor Jake Sullivan in Beijing.
In mid-August, Chinese and US officials held the fifth meeting of the bilateral Financial Working Group in Shanghai, where the two sides had "professional, pragmatic, candid and constructive" talks to ensure financial stability.
He Weiwen, a senior fellow at the Center for China and Globalization, said that increasing bilateral dialogue is necessary to address certain issues of concern to both sides and help stabilize bilateral ties, especially in the economic and trade fields.
"Maintaining this type of dialogue mechanism is correct and necessary," He Weiwen told the Global Times on Thursday. "The two sides must rely on dialogue to maintain normal economic and trade ties and reduce artificial disruptions."
The Chinese side will express concerns over restrictions imposed by the US on many Chinese products, including hefty additional tariffs on Chinese electric vehicles (EVs). "These restrictions have caused serious disruptions to normal trade and investment relations between China and the US," He Weiwen said.
In one of the latest crackdowns against Chinese products, the US government is expected to announce implementation plans for tariff hikes on Chinese products, including EVs, this week, Reuters reported. However, the move is facing growing criticism from US domestic industries amid concerns over increasing costs.
Such moves by the US not only undermine bilateral economic and trade cooperation, but will also have a profound negative impact on global cooperation to address climate change, said Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation.
Given the importance of China-US ties, "it is necessary for the two sides to have sufficient, effective and timely communication to avoid miscalculations," Zhou told the Global Times on Thursday, noting that the two sides should focus on finding solutions to address disputes through such talks.
