A message from Wuhan residents to countries that scrutinized the city s lockdown, one year on
Chen Qingqing co-leads the Global Times China desk. She covers diplomacy, Hong Kong affairs and Chinese tech firms.
Chen Qingqing in Beijing, Yang Cheng in Wuhan Published: Jan 22, 2021 08:29 PM Updated: Jan 22, 2021 10:03 PM
Editor s note:
A year ago, Wuhan, where the coronavirus was first reported in China, made a decision that has little parallel in modern society: to lock down the city of 11 million. During the 76-day lockdown, the city struggled to save lives and contain the virus, while maintaining the daily lives of ordinary people, a strategy that Chinese top epidemiologists said to suffocate the virus within Wuhan. The city was therefore dubbed a heroic city, whose sacrifice paved the way for the quick recovery of the country. When the city returned to bustling normal life in April, and Western countries, one by one, faced a more severe onslaught of the coronavirus, many W
SOURCE / ECONOMY By Global Times Published: Jan 22, 2021 04:53 PM
Photo: XinhuaChina s foreign exchange reserves reached $3.22 trillion by the end of 2020, an increase of $108.6 billion from the previous year despite the economic fallout of COVID-19, data from the State Administration of Foreign Exchange (SAFE) showed on Friday.
With the country s forex reserves shifting toward other currencies, thereby eclipsing the share of the US dollar, the strengthening of non-dollar currencies, notably the Australian dollar and Canadian dollar over the past year, has resulted in higher yields and increased China s foreign reserves, Tan Yawen, head of the China Forex Investment Research Institute, told the Global Times on Friday.
China’s GDP is expected to expand above 2 percent in 2020, as the only major economy to grow in positive territory while other economies are still being hammered by the global pandemic outbreak, analysts said. The robust economic rebound is a vivid display of how the world’s second-largest economy pulled off a monumental effort to .
Goods trade growing in China only
Li Qiaoyi Published: Jan 14, 2021 09:50 PM Updated: Jan 14, 2021 10:50 PM
Workers operate industrial robotic arms in an auto parts factory in Taicang, East China s Jiangsu Province on Thursday. The auto parts sector has experienced fast growth in the city, as the number of auto parts companies reached more than 100 in recent years. Photo: IC
With China s exports in full swing, and helping mend the coronavirus-fractured global supply chains despite intermittent threats and hostile moves from the US and Australia, the country s exports have proven to be a tower of strength for its economy with a full-year gain of 3.6 percent in 2020.
CHINA / SOCIETY By GT staff reporters Published: Jan 12, 2021 10:00 PM
File photo: CFP
As people across China prepare for Spring Festival, the biggest annual holiday in the Chinese lunar calendar, clusters of new COVID-19 outbreaks in several areas have raised concerns over a resurgence of the virus, and a swift response from many provinces and regions to introduce tightened regulations on travel and other consumer behaviors foreshadowing a relatively challenging holiday season ahead.
For many across the nation, new uncertainties brought by the epidemic bring complex emotions, as they are eager to celebrate the most important annual holiday after an extremely tough year in 2020 but are also aware of the new risks and the need to do their part in the country s efforts to rein in new outbreaks and consolidate the hard-fought gains of the past year.