Month: January 2025

Editor’s note: Ankit Prasad is an editor and business commentator for CGTN. The article reflects the author’s views and not necessarily those of CGTN. US GDP growth slowed marginally and fell below analysts’ expectations to 2.3 percent in the fourth quarter and 2.8 percent in 2024, as reported by the Associated Press, days before the new Trump administration’s much-touted tariff policies take effect, starting with a 25 percent tax on imports from closest neighbors and biggest trading partners Canada and Mexico.  That Trump was undecided until the eve of tariff…

<img src='https://news.cgtn.com/news/2025-01-30/Canada-cuts-interest-rates-amid-US-tariff-threats-1AA9JxOHBNC/img/6557116abf1841b687c31af3e6d51737/6557116abf1841b687c31af3e6d51737.jpeg' alt='A sign marks the international boundary between Canada and the US in Blaine, Washington State, US, December 18, 2024. /CFP' Canada’s central bank on Wednesday reduced its benchmark interest rate by 25 basis points to 3 percent amid heightened economic uncertainty for the country as it faces potential tariffs from the US. Alongside the decision to cut its target for the overnight rate, the Bank of Canada also warned in an outlook report about “more-than-usual uncertainty” due to rapidly evolving policy landscape, particularly the threat of trade tariffs…

Faced with multiple challenges and uncertainties, the rest of the world is sufficiently mature, will continue to move forward and will not “sit around and wait” for the US to figure out what it wants to do, Warwick Powell, an adjunct professor at the Queensland University of Technology and advisor to former Australian Prime Minister Kevin Rudd, told CGTN. Powell added that the world today is quite capable of addressing the issues as it sees appropriate in term of technologies, human resource know-hows and financial wherewithal. Trading countries will develop…

Editor’s Note: CGTN launches a new series called BizFocus, where anchors and reporters explore the most vibrant business sectors and events in China. Through in-depth interviews with industry experts and on-the-ground coverage, we bring you the latest developments and trends in various business sectors. Liuyang, a small city in central China with a rich history spanning over 1,400 years, has become a global leader in fireworks production, accounting for 60 percent of the world’s supply. The city is renowned for its talented “sky painters,” who skillfully transform the night sky…

Robots dressed in floral jackets, twirling handkerchiefs and performing the Yangge dance on stage at the 2025 Spring Festival Gala on Chinese New Year’s Eve have gone viral online. Wang Xingxing, founder and CEO of Unitree Robotics, the company behind these robots, explained how robots powered by artificial intelligence (AI) can significantly enhance industrial production efficiency in an interview with CGTN. He also expressed hope that the whole society will work together to drive exponential development in AI robotics.

Celebrations for the Chinese New Year begin! CGTN reporter Xu Yi visited Liuyang in Hunan Province – the home of fireworks, witnessing the allure of fantastic firework shows and its industries. Gatling, rockets, fairy stickers, fountains, rainbow auspicious clouds… What fireworks will be lighting up your New Year? <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg' <img src='https://news.cgtn.com/news/2025-01-28/Come-and-dive-into-the-global-capital-of-fireworks–1AwYkWPlxhm/img/8e9699fa03bd47de9c9654b17e32967c/8e9699fa03bd47de9c9654b17e32967c.jpeg'

China’s Spring Festival box office is seeing significant gains with cinema-goers breaking previous records for the Chinese film industry, according to box office data tracker Dengta. The total domestic box office revenue for the 2025 Spring Festival season including ticket pre-sales surged to 808 million yuan ($111.3 million) as of Monday, with Chinese films dominating. All of the top six are set for release on January 29, the first day of Chinese New Year. <img src='https://news.cgtn.com/news/2025-01-27/China-s-Spring-Festival-box-office-soars-with-thriving-domestic-demand-1AvfqpDrPUI/img/c307f1c66d234be386ad4fa7b0205094/c307f1c66d234be386ad4fa7b0205094.png' alt='A series of promotional posters for film releases during the Spring Festival period, January…

<img src='https://news.cgtn.com/news/2025-01-27/China-s-violin-industry-in-Huangqiao-embraces-digital-trends-1AvvriZCGkw/img/2ce08524751d4db88a572e4690b70243/2ce08524751d4db88a572e4690b70243.jpeg' <img src='https://news.cgtn.com/news/2025-01-27/China-s-violin-industry-in-Huangqiao-embraces-digital-trends-1AvvriZCGkw/img/2ce08524751d4db88a572e4690b70243/2ce08524751d4db88a572e4690b70243.jpeg' <img src='https://news.cgtn.com/news/2025-01-27/China-s-violin-industry-in-Huangqiao-embraces-digital-trends-1AvvriZCGkw/img/2ce08524751d4db88a572e4690b70243/2ce08524751d4db88a572e4690b70243.jpeg' China’s violin industry is embracing digital trends and is aiming to improve lives, as CGTN’s Lily Lyu finds out during her visit to a violin workshop of national-level luthier Liu Zhijun in Huangqiao Town, in China’s Jiangsu Province. She also speaks to a violin teacher on how he is using social media to raise awareness about Huangqiao violins.

Provincial legislatures and political advisory bodies across China have convened their local “two sessions” of the National People’s Congress and the Chinese People’s Political Consultative Conference recently, outlining plans for the year ahead to promote the integration of technological and industrial innovation, expand effective demand, and develop new quality productive forces tailored to regional needs. In 2024, Guangdong became the first province in China to surpass a total economic output of 14 trillion yuan ($1.9 trillion). Meanwhile, Jiangsu saw its high-tech industries account for more than 50 percent of the value added…

<img src='https://news.cgtn.com/news/2025-01-26/China-says-its-foreign-investment-cooperation-remain-stable-in-2024-1AtGed4uGty/img/18a9c36a91544c4a9c777af845f5fe49/18a9c36a91544c4a9c777af845f5fe49.jpeg' alt='The skyscrapers of the Central Business District (CBD) in Beijing, capital of China. /CFP' China’s foreign investment and cooperation saw steady growth in 2024, an official with the Ministry of Commerce (MOC) said Sunday. The country’s non-financial outbound direct investment rose 10.5 percent year on year to $143.85 billion last year, with investments in the Association of Southeast Asian Nations (ASEAN) countries increasing by 12.6 percent year on year, according to the official. As the MOC data reveals, investments in leasing, business services, manufacturing, and wholesale and retail…

At the 2025 World Economic Forum, HKEX Chairman Carlson Tong expressed optimism about Hong Kong’s equity market, emphasizing its strong performance in 2024. He shared his expectations for 2025 and outlined HKEX’s strategic initiatives to strengthen Hong Kong’s position as a leading global financial center.

<img src='https://news.cgtn.com/news/2025-01-25/Breaking-the-deadlock-Global-green-recovery-in-Trump-2-0-era-1ArBcbEH56M/img/cac6f671a79d44e29df6596b5db2a47a/cac6f671a79d44e29df6596b5db2a47a.jpeg' alt='US President Donald Trump signs executive orders on stage at an indoor Presidential Inauguration parade event in Washington, January 20, 2025. /CFP' Editor’s note: Guo Bowei is an associate professor at the School of Applied Economics at Renmin University of China, and Zhan Xuhao is a PhD student at the School of Applied Economics at Renmin University of China. The article reflects the authors’ opinions and not necessarily the views of CGTN. On January 20, Donald Trump was sworn in as the 47th president of the United States,…

Editor’s note: Zhou Jianjun is an assistant researcher at the Institute of State System Research and School of Economics, Zhejiang University. The article reflects the author’s opinions and not necessarily the views of CGTN. It has been translated from Chinese and edited for brevity and clarity. In recent years, China has been advancing institutional opening up, creating a more comprehensive and deeper pattern of opening up that spans a broader range of areas. The country is now a major trading partner of more than 150 countries and regions, with its…

Editor’s Note: CGTN launches a new series called BizFocus, where anchors and reporters explore the most vibrant business sectors and events in China. Through in-depth interviews with industry experts and on-the-ground coverage, we bring you the latest developments and trends in various business sectors. The violin, a timeless instrument rooted in deep European heritage, has found a new epicenter in Huangqiao, a small town in Jiangsu Province, China. While Cremona in Italy is historically renowned as the birthplace of the finest violins, Huangqiao now produces one-third of the world’s violins.…

The majority of provinces, municipalities, and autonomous regions across China have set their 2025 consumer price index (CPI) target at 2 percent, one percentage point lower than the previous year, according to their government work reports. Despite many uncertainties in both domestic and external markets, setting a lower CPI target is seen as more reasonable for local governments. They are striving to boost consumer demand through economic stimulus measures such as providing subsidies for new car and equipment purchases or offering coupons to consumers in major shopping malls, some officials…

China is the second largest and deepest capital markets in the world, and Pakistan is keen to tap into the Chinese capital markets through Panda bonds and sees 2025 a fantastic opportunity, said Muhammad Aurangzeb, Pakistan’s finance minister, in an interview with CGTN’s Guan Xin at Davos 2025.

Martin Sorrell, founder and executive chairman of S4 Capital and doyen of the modern advertising industry, told CGTN’s Guan Xin at the World Economic Forum Annual Meeting 2025 that traditional Western powers must recognize the rise of emerging economies, including the Global South, the BRICS and the Next Eleven, which are driving the world towards a more balanced, nuanced and non-unipolar global order.

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<img src='https://news.cgtn.com/news/2025-01-21/Trump-s-second-withdrawal-from-Paris-Agreement-to-have-limited-impact-1Alyq4JR1cI/img/029943c4245843f9a63e8e4e7f9cc7d9/029943c4245843f9a63e8e4e7f9cc7d9.jpeg' alt='US President Donald Trump signs one of several executive orders following his second inauguration in Washington D.C. on January 20, 2025 /CFP' Editor’s note: The article, written by Zhao Xingshu, a research fellow at the Institute of American Studies, Chinese Academy of Social Sciences, reflects the author’s opinions and not necessarily the views of CGTN. It has been translated from Chinese and edited for brevity and clarity.  Immediately after his inauguration, US President Trump signed an executive order directing the United States to withdraw once again from the…

The annual meeting of the World Economic Forum is currently taking place in Davos, Switzerland, where global leaders, economists, and scholars are collaborating to address pressing global issues. CGTN reporter Wang Tianyu reports from the opening event.

Switzerland’s Ambassador to China Jurg Burri told CGTN that bilateral ties are strengthening, pointing to a visit by the Chinese vice premier as a key indicator. He also underscored Switzerland’s commitment to free trade and its role in global innovation.