Enhancing industrial standards to promote high-quality economic development and boost equipment upgrades and trade-ins of consumer goods has been fruitful, which has unleashed consumption vitality, propelling high-quality development of manufacturing sector while improving industrial safety, China Media Group reported on Monday.

The China Automotive Engineering Research Institute (CAERI) issued a statement on Sunday clarifying that a recent crash test involving Li Auto's new electric SUV, the Li Auto i8, was conducted solely to evaluate the safety performance of the i8 and did not serve to assess the safety of vehicles of other brands.

The first section of the water distribution ring pipe was recently installed in the machine pit at the Datang Zala Hydropower Station in Southwest China's Xizang Autonomous Region, a milestone for the world's largest single-unit capacity impulse turbine, as it enters the core installation phase, the regional government's official WeChat account reported on Sunday.

Hong Kong's economy is expected to maintain growth in the third quarter, Financial Secretary Paul Chan Mo-po said in an interview on Sunday. An expert noted that the city is sustaining its recovery momentum, supported by stronger exports and a steady rebound in tourism.

Beijing on Saturday kicked off the world's first robot consumer themed festival, the E Town Robotics Consumer Festival, the Global Times learned from the event organizers on Sunday, a highly-watched event that experts and industry analysts view as a signal that new technologies are fostering diverse consumption scenarios in China, further enhancing the quality and resilience of domestic consumption.

Train G9813/2 departed Lushan Station in Jiujiang, East China's Jiangxi Province on Saturday, as more than 1,000 supporters of Jiujiang Team boarded China's first fan-only railway express, specially designed for football fans of the 2025 Jiangxi Provincial Urban Football Super League, or Gan Super League, an amateur football league in eastern China.

"I used to skip tax refunds altogether because I hate waiting in long airport queues. But now, with the instant refund in-store, I actually feel like buying even more cosmetics before I leave [China]," Faiz Rayyan, a student from Malaysia who plans to return to his hometown during the summer holidays, told the Global Times on Sunday.

The Middle Corridor of the China-Europe Railway Express has handled more than 20,000 trains in cumulative operations since its first train in 2013, the Xinhua News Agency reported on Sunday.

Erenhot, the largest land port on the China-Mongolia border, recorded a milestone of 20,000 entry and exit China-Europe freight trains since its service launch in 2013, said the China Railway Hohhot Group Co., Ltd. on Sunday.

Recently, the first section of the water distribution ring pipe was installed in the machine pit at the Datang Zala Hydropower Station in Southwest China's Xizang Autonomous Region, marking a significant milestone for the world's largest single-unit capacity impulse turbine, as it enters the core installation phase, Xizang Fabu reported on Sunday.

China's independently developed ton-level electric vertical takeoff and landing (eVTOL) aircraft has successfully completed its first material transport flight to an offshore oil platform. This breakthrough not only innovates the maritime supply model but also marks a key step forward in China's application of low-altitude logistics in sea-land scenarios, according to China National Offshore Oil Corporation (CNOOC), China Media Group (CMG) reported on Sunday.

More than 100 cutting-edge robotics products will make their debuts at the upcoming 2025 World Robot Conference in Beijing, nearly twice as many as last year, highlighting the conference's growing role as a global stage for innovation.

The 2025 World Robot Conference will be held from August 8 to 12 in Beijing's Yizhuang, with participation by robot companies and global experts and scholars reaching record highs, the Chinese Institute of Electronics (CIE) announced at a press conference on Saturday.

?In recent years, the European Union (EU) has shown a strong tilt toward neo-protectionism in its trade and economic policies. It has frequently introduced new subsidy and countervailing tools and applied unconventional regulatory measures, many of which are discriminatory and distort normal trade flows. This is a typical demonstration of neo-protectionism.

China's State Administration for Market Regulation (SAMR) on Saturday revealed a set of newly implemented compliance guidelines for online platform fees, aiming to further regulate how e-commerce platforms charge operators for commissions, service fees, memberships, and other costs such as technical support, marketing, and data services.

China's Ministry of Finance on Friday released six typical cases of accountability related to hidden local government debt, part of ongoing efforts to strengthen fiscal discipline and crack down on illegal borrowing. The cases involved a total of 141.01 billion yuan ($19.4 billion) in off-budget liabilities, with responsible officials held accountable.

As marine tourism surges in popularity, China has reported that it saw an explosive cruise passenger throughput increase during the first half of 2025, official data showed on Friday.

The High Court of Hong Kong on Friday ruled that Zong Fuli – daughter of Zong Qinghou and chairwoman of Wahaha Group – is prohibited from withdrawing or transferring the funds from a $1.8 billion HSBC account, as part of a case filed by the heiress's half-siblings, according to thepaper.cn.

Given the external pressures and uncertainties facing China's economy this year, the Communist Party of China (CPC) Central Committee Political Bureau meeting on Wednesday emphasized the general principle of seeking progress while maintaining stability to realize major priorities such as stabilizing employment, businesses, markets, and expectations.

The Communist Party of China (CPC) Central Committee Political Bureau meeting on Wednesday analyzed and studied the current economic situation and made arrangements for economic work in the second half of this year, Xinhua News Agency reported.

The Global Times held the 5th Promotion Event for Foreign Business Investment Attraction in Beijing on Thursday. Guided by the Central Urban Work Conference, the event - themed "Promoting Urban Industrial Innovation and Enhancing Local Economic Momentum" - sees participants engage in extensive discussions on topics including boosting urban high-quality development, green development and enhancing governance efficiency.

At a booth filled with the aroma of freshly brewed beans, Ethiopian coffee trader Simret Teferi Gebrezgi gestured to a sleek, humming grinder and matching porcelain cups that are made in China. “We grow the coffee,” she told Global Times during the 3rd China International Supply Chain Expo, “but it's Chinese machines that help us present it to the world.”

Asia's biggest games event ChinaJoy, also known as the China Digital Entertainment Expo and Conference, kicked off in Shanghai on Friday, as multiple entertainment companies told the Global Times at the expo that having observed the China market's momentum, they are determined to go even further in tapping into the growth opportunities.

The People's Daily commentary department on Friday published on its social media accounts WeChat and Sina Weibo an article titled "Nvidia, how can I trust you?" along with a video footage, regarding the recent summon of the US tech firm by China's cyberspace watchdog.

Leading Chinese food delivery platforms Meituan, Eleme, and JD.com all posted statements on Friday, vowing to curb disorderly competition and cease the price-based rivalry amid warnings from government departments and industry participants.

A Chinese Foreign Ministry spokesperson on Friday reiterated that there are no winners in a tariff war or trade war and protectionism harms common interests of all nations.

The fourth batch of ultra-long special treasury bond funds to support the country's consumer goods trade-in program - totaling 69 billion yuan ($9.58 billion) - will be allocated in October, an official with the National Development and Reform Commission (NDRC) announced on Friday.

The White House's announcement of a 20 percent tariff on Taiwan region - higher than the 15 percent imposed on Japan and South Korea - has provoked intense debate in the island. Local media even ran headlines likening it to "squeezing a lemon," while netizens mocked the rate as a "success" of the Democratic Progressive Party (DPP)'s kowtowing to the US. Others voiced deeper concern over its impact on the stock market and Taiwan island's competitiveness.

Apple is bracing for a significant financial impact from tariffs in the September quarter, with CEO Tim Cook revealing on a financial results conference call with analysts on Thursday that the company anticipates around $1.1 billion in tariff-related costs. This is up from the approximately $800 million incurred in the June quarter. Despite this, the tech giant has witnessed a growth spurt in the Chinese market, boosted by the nation's consumer goods trade-in program.

A State Council executive meeting on Thursday called for consolidating and boosting the momentum of economic recovery in the second half of the year.

In the ninth article of the “Readers' Reflections” column, Global Times talked to Maurício Santoro (Santoro), a professor of International Relations at the State University of Rio de Janeiro, and a researcher at the Brazilian Navy's Center for Political and Strategic Studies.

In 2024, the added value of China's "three new" economy - encompassing new industries, new business formats, and new business models - expanded by 6.7 percent year-on-year, calculated at current prices. This growth rate surpassed the overall GDP increase at current prices by 2.5 percentage points, as reported by the National Bureau of Statistics (NBS) on Thursday. Amid China's ongoing efforts to further open its economy to the world, the expansion of these cutting-edge sectors heralds new opportunities for the global economy.

The number of departure tax refund stores in China has exceeded 7,200, up 80 percent from the end of 2024, a spokesperson of the Ministry of Commerce (MOFCOM) said on Thursday.

Patriotism-themed tourism, also known as "red tourism," has gained momentum during this year's summer vacation as students and young people pay tribute to national heroes across China.

As the 22nd China Digital Entertainment Industry Congress kicked off in Shanghai on Thursday, industry representatives told the Global Times that they are stepping up efforts to expand into overseas markets, while expressing strong confidence in the continued growth and global competitiveness of China's game industry.

The attractiveness and inclusiveness of domestic capital markets should be further enhanced, according to the meeting held on Wednesday by the Communist Party of China Central Committee Political Bureau, which analyzed and studied the current economic situation and made arrangements for economic work in the second half of this year, the Xinhua News Agency reported.

US President Donald Trump on Wednesday local time unleashed a flurry of tariff-related moves, including revisions to previously proposed duties on copper imports and products from Brazil and South Korea, as well as the termination of a tariff exemption for low-value shipments from abroad, according to media reports. The latest moves, which had sparked a wide range of criticism in those countries, disregard World Trade Organization (WTO) rules and undermine the stability and institutional foundation of international trade, some observers said.

A China-Europe freight train loaded with electronics, mechanical and electrical equipment, and daily necessities departed from the Horgos railway port in Northwest China's Xinjiang Uygur Autonomous Region on July 27, bound for Duisburg, Germany.

When asked about the reactions from business communities of China and the US toward the recent bilateral economic and trade talks held in Sweden, Wang Linjie, a spokesperson for the China Council for the Promotion of International Trade (CCPIT), said that business communities from both countries are engaging active interaction and communication.

The International Monetary Fund (IMF) today announced an updated forecast for global growth. The Fund projects growth rates of 3.0% for 2025 and 3.1% for 2026. This new forecast for 2025 is an increase of 0.2 percentage points compared to the reference forecast in the April 2025 World Economic Outlook (WEO), while the outlook for 2026 is up by 0.1 percentage points.

In response to a question regarding CK Hutchison Holdings' announcement of the plan to invite a major strategic investor from the Chinese mainland to join a consortium in the transaction of its ports business and whether the Chinese side would take part in the deal, He Yadong, a spokesperson of the Ministry of Commerce said on Thursday that regarding CK Hutchison's sale of overseas port assets, the relevant authorities have issued statements on multiple occasions.

In response to questions on recent China-US trade talks in Sweden, Ministry of Commerce (MOFCOM) spokesperson He Yadong said on Thursday that the two sides held candid, in-depth, and constructive discussions in Stockholm from July 28 to 29 on trade relations and macroeconomic policy issues of mutual concern.

China's Ministry of Commerce (MOFCOM) has urged the EU to show restraint when using restrictive trade tools, and foster a fair, just and non-discriminatory business environment for Chinese companies.

To support the innovative development of drugs and medical devices, China's National Healthcare Security Administration has established a pricing mechanism for the launch of new drugs and added over 100 price items related to new medical care technologies, including brain-computer interface, China Media Group (CMG) reported on Thursday.

US President Donald Trump issued a blitz of tariff announcements ranging from changes to previously threatened levies on imports of copper, goods from Brazil and South Korea, to ending an exemption from tariffs for small-value shipments from overseas, Reuters reported on Wednesday.

Asked to comment on China's announcement on Thursday that it had summoned US company NVIDlA over serious security issues related to its H20 chips, Foreign Ministry spokesperson Guo Jiakun said that inquiries about the specific issue should refer to relevant authorities of China.

The US administration's decision to impose a universal 50 percent tariff on imported semi-finished copper products and copper-intensive derivatives has triggered chaotic disruptions in global copper markets, another example of how the uncertainty of US trade policies is destabilizing global supply chains, a Chinese expert said.

The Cyberspace Administration of China (CAC), in accordance with relevant laws, summoned Nvidia on Thursday, requiring the company to provide an explanation and submit relevant proof materials to address security risks related to vulnerabilities and backdoors in its H20 computing chips sold in China, according to the official WeChat account of the administration.

China's manufacturing purchasing managers' index (PMI) in July came in at 49.3, down 0.4 points from a month earlier. Factors such as the traditional off-season for manufacturing, high temperatures, heavy rain and flooding in some regions, lead to the decline of PMI, Zhao Qinghe, a statistician from National Bureau of Statistics (NBC) said on Thursday.

The added value of new industries, new business formats and new business models, dubbed the “three new” economy, contributed more to China's economic growth last year, official data shows on Thursday.

The purchasing managers' index (PMI) for China's manufacturing sector stood at 49.3 in July, down 0.4 percentage points from the previous month, official data showed Thursday.

?Starting Friday, any single or cumulative daily cash transaction for purchasing precious metals and gemstones, including gold and diamonds, valued at 100,000 yuan ($13,934) or more, or the equivalent in foreign currency, should be reported to the China Anti-Money Laundering Monitoring and Analysis Center within five business days.

As sweltering heat waves sweep across China, a recent tourist trend has emerged after dark. In ancient towns and even mountain parks, travelers are escaping the heat and heading out after sunset, boosting "nighttime tourism."

Global investors are demonstrating remarkable confidence in Chinese assets, with five major overseas China equity exchange-traded funds (ETFs) collectively attracting $2.7 billion in net inflows in July, according to market data tracker FUTU.

The fourth plenary session of the 20th Communist Party of China (CPC) Central Committee will be held in Beijing in October, according to a decision made at a CPC Central Committee Political Bureau meeting on Wednesday, the Xinhua News Agency reported.

Europe is setting its sights on gigawatt factories in a bid to bolster its artificial intelligence (AI) industry and meet the challenges of a rapidly changing sector, CNBC reported on Tuesday. Buzz around the concept of factories that "industrialize manufacturing AI" has gained ground in recent months, and it is believed that this could bring more opportunities for international cooperation around the AI industry, including between China and the EU.

The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Wednesday, stressing the need to expand high-level opening-up and stabilize the fundamentals of foreign trade and foreign investment, according to the Xinhua News Agency.

Hong Kong is forging ahead with resilience and innovation amid global uncertainty, with its core competitiveness intact and new strengths emerging, according to a business environment report released by the Hong Kong Special Administrative Region (HKSAR) government on Wednesday.

The US should work with China to continue to enhance consensus, reduce misunderstandings, strengthen cooperation, further deepen dialogue and consultations, and strive for more win-win outcomes, Chinese Vice Premier He Lifeng said in Stockholm on Tuesday, the Xinhua News Agency reported on Tuesday.

The US and the EU have reached a trade deal after high-stakes meetings, but the deal — announced after talks in Scotland between US President Donald Trump and European Commission President Ursula von der Leyen — has triggered a wave of concern across Europe, with critics warning that it reflects an increasingly one-sided approach to global trade.

China's Minister of Commerce Wang Wentao met with a delegation led by Rajesh Subramaniam, board chair of the US-China Business Council (USCBC), in Beijing on Wednesday, during which he urged the US to work in the same direction with China to maintain the stable, healthy, and sustainable development of China-US economic and trade relations.

A White House advisor claimed the Trump administration approved Nvidia's H20 chip exports to China to prevent Beijing from gaining an edge in the race to make the best chips, Reuters reported on Wednesday. The advisor also admitted that "if China's not buying chips from us, then they're innovating, making their own chips." Chinese experts called the logic self-contradictory and reflective of a hegemonic mindset, stressing that China's chip progress will not be slowed by external factors and that technological advancement should be driven by cooperation and fair competition.

Asked to comment on US Treasury Secretary Scott Bessent's reported claim that he warned Chinese officials on Tuesday that continued purchases of Russian oil would lead to higher tariffs, Chinese Foreign Ministry spokesperson Guo Jiakun said on Wednesday that China will take reasonable measures to safeguard its energy security based on its own national interests.

The fifth China-Mongolia Expo is scheduled to be held in Hohhot, North China's Inner Mongolia Autonomous Region from August 25 to 29. Expected to attract up to 6,000 domestic and international guests and businesses, the expo is becoming an important platform to enhance mutual trust between the two countries, deepen good-neighborliness and friendship, and promote the sustainable development of regional cooperation, officials said on Wednesday.

The Communist Party of China (CPC) Central Committee has held a symposium with non-CPC personages to seek opinions and suggestions on the country's current economic situation and economic work for the second half of the year.

The Spanish Interior Ministry on Tuesday (local time) reiterated that the government's contract with Huawei to purchase certain storage equipment poses no security risk, and that the public tender was awarded independently, according to an Euractiv report. A Chinese expert on Wednesday hailed the move as pragmatic and rational, in stark contrast to political hostility shown by some in the West toward the Chinese tech giant.

In response to media inquiry on that Financial Times recently reported that Japanese government officials have told Japanese companies in Taiwan that if a conflict in the Taiwan-Straits requires the evacuation of employees, they will be "on their own," and it is reported that several major Japanese companies have conducted annual simulated evacuations of their employees in Taiwan since 2022.

The 2025 annual conference on studying, practicing and elucidating Xi Jinping's economic thought was held in Beijing on Tuesday. The conference, hosted by the National Development and Reform Commission (NDRC), aims to diligently study and implement Xi Jinping's economic thought and promote high-quality economic development in the year marking the conclusion of the 14th Five-Year Plan (2021-25) and the formulation of the 15th Five-Year Plan (2026-30).

When asked to comment on Taiwan people's concerns on local beef, poultry, pork and automotive industries if DPP authorities make concessions to the US in tariff talks amid the rise of new Taiwan dollar, Chen Binhua, a spokesperson for the Taiwan Work Office of the CPC Central Committee and Taiwan Affairs Office of the State Council, on Wednesday slammed DPP's flattering with the US at Taiwan's expense, noting that it once again proves that the DPP is neither willing nor capable of safeguarding Taiwan's economic development or the well-being of the Taiwan people.

A survey of 80,000 cultural and related enterprises above the designated size in China showed that the cultural enterprises achieved operating revenues of 7.13 trillion yuan ($993 billion) in the first half of 2025, marking a year-on-year increase of 7.4 percent, data from National Bureau of Statistics showed on Wednesday.

When asked about comments on a recent report from Taiwan's “National Science and Technology Council” think tank saying that the Chinese mainland is expected to surpass Taiwan in market share for mature process chips within two years, and dominating the development direction of major tech products, Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, told a press conference on Wednesday that we highly value technological innovation and market applications.

China has implemented unilateral visa exemptions or mutual visa-free policies with 75 countries during the 14th Five-Year Plan period (2021-25), Wang Zhizhong, head of National Immigration Administration (NIA) said at a press conference on Wednesday.

A total of 130 Chinese companies are listed in this year's Fortune Global 500, with the automotive, high-tech, and internet companies showing strong growing momentum, according to the latest list released on Tuesday.

What began as a casual download has turned into a daily highlight for many international fans of Chinese micro dramas.

Chinese Minister of Finance Lan Fo'an pledged on Wednesday to accelerate the implementation of childcare subsidy policy, including gradually rolling out free pre-school education, and providing nursing subsidies for disabled elderly in the country.

As China's economy has successfully maintained its resilience and high-quality development in the first half of 2025 thanks to proactive macroeconomic policies, multiple Chinese government agencies have held a succession of intensive meetings, where they outlined their priorities for economic work for the second half, to ensure that the world's second-largest economy can achieve its annual GDP target of around 5 percent, enabling it to drive global economic growth.

The US Treasury Department said in a statement on Monday that it now estimates $1.01 trillion in net borrowing for the third quarter, up sharply from the $554 billion it had penciled in back in April, Bloomberg reported on Tuesday. This adds to the worsening fiscal health of the US and is widely viewed by analysts as a negative signal, as it risks a supply shock for the market.

The International Monetary Fund (IMF) on Tuesday lifted its forecast for China in 2025 to 4.8 percent, up 0.8 percentage point compared to its forecast in April, according to an update to its World Economic Outlook (WEO).

The photo shows a fishery-photovoltaic complementary project in Taizhou, East China's Jiangsu Province, on July 29, 2025. This model merges fish farming with the placement of solar panels on the water's surface, enabling the dual operation of raising fish and producing electricity. Photo: VCG

A US scholar on Tuesday called on the US administration to base its trade discussions with China on “economic facts” rather than “political ideologies, while highlighting China's consistent calm, rational, and responsible approach to China-US trade negotiations.

Nestled in the hilly terrain of Anji County, Huzhou, East China's Zhejiang Province, Yucun Village is deemed a symbol of ecological transformation and beautification in China. Surrounded by lush bamboo forests and a winding stream, Yucun lies in a region known for the scenic beauty and rich bio-diversity.

Boosted by the nationwide childcare subsidy program introduced on Monday, stocks in sectors such as dairy, childcare-related products, and relevant services surged on Tuesday, with further growth potential expected thanks to the strong policy support.

"I was just trying it out, but to my surprise, the virtual human responded to me fluently in Arabic. It even recommended product bundles on its own and told me that the pair of jeans I had randomly selected was out of stock in my size," said Mansoori, a Kuwaiti buyer, told the Global Times, recalling a late-night interaction with a Chinese supplier's digital assistant. "I'm still amazed," he added. "The most impressive part? It never clocks out."

The National Association of Financial Market Institutional Investors (NAFMII) announced on Monday that Morgan Stanley issued 2 billion yuan ($279.85 million) in panda bonds in China's interbank bond market, the first such issuance by a US-headquartered company, and the total panda bond issuance in China's interbank market has reached 111.2 billion yuan so far this year.

When asked to comment on the result of the 2025 World AI Conference and High-Level Meeting on Global AI Governance which was concluded on Monday in Shanghai, Chinese Foreign Ministry spokesperson Guo Jiakun said on Tuesday that the event produced a series of positive outcomes, which clarified China's position in relation to the promotion of AI development and governance.

A Chinese trade expert on Tuesday criticized reported plans by the US and the EU to form a so-called metals alliance targeting China, warning that such an exclusionary and discriminatory arrangement runs counter to market principles and the logic of global industrial chain operations and could backfire by disrupting the global supply-demand balance in related sectors.

Changan Automobile Co has officially restructured into an independent automaker, which is directly overseen by China's central government, according to a report by the state broadcaster CCTV News on Tuesday.

Fuman Oilfield in the heart of the Taklimakan Desert, Northwest China's Xinjiang Uygur Autonomous Region, has witnessed daily production of oil and gas reaching 10,000 tons, marking a new phase of oilfield output for wells deeper than 8,000 meters, China National Petroleum Corporation (CNPC) announced on Tuesday.

China's total value of social logistics rose 5.6 percent year-on-year to reach 171.3 trillion yuan ($23.87 trillion) in the first half of the year, demonstrating a steady development trend as the country's domestic demand potential continues to be unleashed and the structure of demand improves, data from the China Federation of Logistics and Purchasing (CFLP) showed Tuesday.

Chinese and US delegations convened in Stockholm, Sweden on Monday for a new round of economic and trade talks, the Xinhua News Agency reported.

The market share of China's homegrown Huaxi cattle has exceeded 20 percent, the Xinhua News Agency reported on Monday, citing data from the 6th National Breeding Bull Auction held in North China's Inner Mongolia Autonomous Region.

China's total tax revenue is expected to surpass 155 trillion yuan ($21.4 trillion) during the 14th Five-Year Plan period (2021-25), which will lay a solid fiscal foundation for economic growth and social development, while also making notable progress in building a more internationally aligned tax environment, the State Taxation Administration (STA) said on Monday.

The EU-US trade deal has drawn harsh criticism from some officials and business representatives within the bloc, with some accusing the EU of caving in to the US with an unbalanced deal and warning damages on EU businesses from elevated tariff levels on European products, according to several media reports on Monday.

Smart manufacturing driven by artificial intelligence (AI) in China has slashed downtime, cut defects and turbocharged output, turning factory floors into engines of global competitiveness, Xie Haiqin, deputy general manager of Chinese home appliance maker Haier Group's industrial internet platform COSMOPlat, told the Global Times on Monday.

Global tech giants and niche innovators alike have flocked to the 2025 World Artificial Intelligence Conference (WAIC) in Shanghai, driven by China's booming artificial intelligence (AI) ecosystem, where industrial integration, policy support, and scalable applications have positioned the nation as a global hub for AI collaboration and innovation.

The State Taxation Administration reported on Monday a 186 percent year-on-year increase in tourists claiming tax refunds in China during the first half of this year. This trend underscores the growing global attraction of Chinese products and services.

The Chinese and US delegations convened here on Monday for a new round of economic and trade talks.

China and the European Union (EU) both have an interest in open markets, world-based multilateral trade system. Amid the growing global uncertainties including the US tariffs, we have to warn against arbitrary measures, sanctions and political restrictions for economic exchange. Indeed, both China and the EU have to work together to make the system global and transparent, not too many political interference on the market affairs, it is a common concern that must be overcome with endeavor.

Asked to comment on the US' threat of 50 percent tariffs against Brazil on August 1, a move seen as "setting example" to others in Latin America and BRICS, Chinese Foreign Ministry spokesperson Guo Jiakun on Monday stressed that tariff wars have no winners, and unilateral practices serve no one's interests.

In response to a question from a Bloomberg reporter that the Financial Times reported earlier today the US has frozen new export control measures on Chinese entities as a goodwill gesture ahead of trade talks, and that China has agreed to do the same, Foreign Ministry spokesperson Guo Jiakun said on Monday that China-US economic and trade cooperation is, by nature, mutually beneficial.