At a time when the global economic governance system is facing challenges from increasing unilateralism, China's proactive engagement in the reform of the World Trade Organization (WTO) demonstrates its steadfast commitment to multilateralism.

The Asian Development Bank (ADB) was trying "very hard" to accommodate the concerns of the US over lending to China, including by slashing loans to it, ADB President Masato Kanda said, according to an AFP report on Monday.

Some Australian officials, who have often voiced dissatisfaction with China's cooperation with Pacific Island countries, seem to have found a new topic for complaint. However, this only highlights their excessive focus on geopolitical influence, which is misguided for regional development.

Americans will soon be celebrating the Fourth of July, or the Independence Day, with fireworks, but those fireworks may be more costly and harder to come by this year, as a result of US tariffs, US National Public Radio (NPR) reported on Saturday. Although the fireworks industry is not extensive in scale, it exemplifies, to some extent, the wider ramifications of the tariffs on the US economy.

In the face of external trade protectionism, Asia's efforts to promote free trade are expected to bolster the region's economic resilience and potential. This could offer valuable insights and serve as a positive influence for the global economy.

The growing awareness within the European business community about the significance of Chinese investment is a reminder that Europe needs to adopt a more pragmatic approach to Chinese investment as a key to overcoming its economic challenges.

At a time when nations are grappling with rising protectionism and trade tensions, the necessity and urgency of upholding the rules-based framework of the WTO and safeguarding its international authority have reached unprecedented levels.

At a time when the global economy and trade are facing mounting uncertainties, the recent US move to inflame tensions in the Middle East seems to be steering the world economy toward an even more precarious situation. Whether through its protectionist policies or military actions against Iran, the US has emerged as the biggest source of uncertainty that has repeatedly plunged the global economy into turmoil.

A freight train loaded with maternal and infant products, cosmetics, and medical supplies departed Duisburg, Germany on Saturday, marking the launch of the return leg of the ASEAN Express service, the Xinhua News Agency reported.

In light of the increasing uncertainty surrounding the external trade environment faced by Asian economies, the urgency of enhancing regional economic cooperation to unleash the potential of internal demand is becoming increasingly prominent.

While some Western media outlets seek to divert international attention from unilateral US protectionist practices related to China by hyping the “China shock” narrative, it is crystal clear as to who is truly disrupting global trade and who is upholding free trade.

While the English Premier League, La Liga, and other top leagues are renowned worldwide, a grassroots league in East China's Jiangsu Province that kicked off just a month ago has captured the hearts of millions, evolving into a sensational cultural and sporting phenomenon. The league's rapid rise is a result of the deep convergence of the vitality of local economies and the sports spirit of friendly competition among cities.

As the world braces for uncertainties, global capital flows confirm that international investors' confidence in Hong Kong's financial market is further strengthening. Hong Kong is poised to play an even more significant role in safeguarding national financial security and fostering financial innovation.

South Korea's export growth in the Southeast Asian market may represent an endeavor toward trade diversification. This trend may hold significant importance for expanding the Asian market.

Amid concerns over the uncertainty of US policies, calls for improving relations with China seem to be gaining traction in Canada. To make meaningful progress, Canada needs to set aside ideological biases and embrace a pragmatic approach to the development of bilateral ties.

BRI science and technology cooperation is committed to enabling developing countries to keep pace with the global scientific and technological revolution and ensuring the fairness and accessibility of industrial transformation.

Brazil's plan to sell its first sovereign debt in the Chinese market is an important step for Brazil in expanding its financing channels and strengthening financial cooperation with China, as well as a clear indication of the growing appeal of the yuan as an international currency.

Australia's potential pivot toward expanding free-trade agreements reflects a broader global trend, fueled by increasing awareness among nations of the destabilizing risks posed by US trade protectionism.

Considering the public's welfare, it becomes essential for the US to further lower its tariffs imposed on Chinese imports. Doing so would allow American families to access high-quality imported goods at more affordable prices.

The US economy stands at a critical crossroads between growth and recession. The trajectory will largely hinge on the ability of policymakers to address a myriad of pressing challenges, including inflationary pressures, labor market dynamics, and tariffs.

In recent remarks about China, US Treasury Secretary Scott Bessent's comments have been summarized by some media outlets as suggesting that China has a "choice" on whether or not to be a "reliable partner." This comes at a time when the US has initiated a tariff storm, causing significant disruptions to the global economy, while China continues to expand its high-level openness and actively support multilateralism. Against this backdrop, the question of who qualifies as a reliable partner to the rest of the world - and who should make more effort and has a "choice" toward that end - appears to have an obvious answer.

In a move that highlights Shenzhen's dual focus on sci-tech innovation and high-level opening-up, the city's Commerce Bureau and Development and Reform Commission have jointly released the Implementation Plan for Promoting High-Quality Development of Service Trade and Digital Trade, according to an official post published Wednesday on the "Shenzhen Release" WeChat account. The plan sets an ambitious goal: by 2030, digitally deliverable services will make up more than 50 percent of Shenzhen's total services trade volume.

In the face of the US tariffs on auto imports, the latest sales results from South Korean automakers have drawn significant attention, shedding light on the remarkable resilience of the Asian vehicle industrial chain.

The US plan to double tariffs on imported steel and aluminum from 25 percent to 50 percent starting from Wednesday has raised significant concerns and opposition, highlighting the risks of trade tensions stemming from unilateral protectionism.

Editor's Note: The global economy faces profound shifts as rising unilateralism challenges the multilateral trade order. How should countries respond to these challenges? What is China's role in safeguarding the multilateral trading system? In an exclusive interview with the Global Times (GT), Nan Li Collins (Li), senior director of the Division on Investment and Enterprise at UN Trade and Development (UNCTAD) and chair of the UN Sustainable Stock Exchanges Initiative, shared his views.

Since the start of the year, the US has introduced a series of unilateral measures, rekindling global trade tensions. In particular, the so-called "reciprocal tariff" policy has posed a grave threat to the stability of global supply chains and the global economy. As the global economy is facing multiple challenges such as geopolitical risks, the resurgence of protectionism, and supply chain restructuring, stable, open, and mutually beneficial cross-regional cooperation is particularly valuable.

There is an acknowledgment within the European EV supply chain that cooperation with China is not only vital for reviving the European battery industry but also offers opportunities to capitalize on the complementary strengths of both industries.

The euro's journey toward a greater international role is a complex and challenging one. However, by embracing cooperation with developing countries, the eurozone can find a new path forward.

If there is any competition between China and the US in Latin America, it should not be a zero-sum game. Instead, it should be about which country can provide more development and win-win cooperation opportunities for Latin American nations.

The 4th China-CEEC Expo and International Consumer Goods Fair concluded on Sunday in Ningbo, East China's Zhejiang Province. The event highlighted continuously growing China-CEEC cooperation despite headwinds in global trade.

China and the US made substantive progress in the Geneva trade talks. The recent tariff rollback represented a positive step, reflecting China's continued commitment to de-escalating trade tensions and safeguarding global economic stability amid US political complexities. Beijing demonstrated flexibility and responsibility by supporting global supply chains and strategic sectors.

Following the China-US trade talks in Geneva, Switzerland, American companies have once again triggered a "shipment surge" from China. The wave of accelerated imports to the US is a manifestation of the intertwining and complementary economic and trade ties between China and the US.

As the market faith that has long unconditionally backed the US dollar and Treasury bonds begins to wane, the halo of US Treasury debt as the risk-free asset is rapidly dissipating.

Washington's repeated efforts to take unilateral measures against Chinese manufacturing increasingly look like a self-defeating game, which inflicts damage on its own economy while proving futile in hindering China's development.

It appears that the USTR office is planning to stage another political show over tariffs on Chinese-built cranes. Yet, the strong opposition from the domestic sector shows that a policy prioritizing political posturing over economic reality is fundamentally unviable.

The US government might hope its tariff policies would bring an influx of investment to the American economy. However, according to a report by Politico on Sunday, some of the people working to lure those investments to US cities and states said they're not seeing the investment boom, at least not so far. This adds to the evidence that Washington's tariff policies may make it difficult to achieve the desired effects, as economic realities are far more complex than political slogans.

At a time when the global economic outlook faces multiple uncertainties, the deepening integration between Hong Kong's capital markets and the Chinese mainland's high-tech companies has been increasingly of significant strategic importance. This evolving relationship strengthens Hong Kong's position as a leading international financial center while establishing a vital financing avenue for the mainland's technology sector, particularly as the US intensifies its technological containment strategy against China's high-tech advancements.

In a move that underscores the economic value of 5G technology, the world's first 5G-Advanced (5G-A) open-pit mine in Hulunbuir, North China's Inner Mongolia Autonomous Region, has started operating a fleet of 100 unmanned electric mining trucks, according to media reports on Sunday. This is seen as another example of how various advanced technologies including artificial intelligence (AI) are empowering the traditional mining sector and driving the digital transformation of conventional industries.

With the US continuing to tighten restrictions on chip exports to China, US-based chip giant Nvidia's struggle to adjust exports to one of its key markets has once again come into the spotlight.

The trade agreement reached between China and the US in Geneva, Switzerland has drawn global attention, which has received positive responses from various sectors.

This year marks the conclusion of China's 14th Five-Year Plan (2021-25) period. The 2025 Government Work Report has underscored the importance of fully meeting the plan's objectives, setting a solid foundation for a strong launch of the 15th Five-Year Plan (2026-30).

The latest projections from the APEC present a concerning outlook. The situation underscores the growing urgency of strengthening multilateral cooperation to tackle various development bottlenecks. And China has been a steadfast supporter of multilateralism.

The immediate increase in container freight rates is a direct reflection of market expectations regarding the continuity of manufacturing links between the US and China. It also paints a telling picture of the efficiency and flexibility of China's manufacturing sectors.

Brazil's renewed currency swap deal with China underscores deepening financial ties between the two countries, serving as a positive example for other Latin American countries amid the volatility of the international financial market.

The energy cooperation between China and Canada has emerged as a topic of growing significance. Yet, realizing the full potential of this complementary relationship hinges on Canada's ability to adopt a more pragmatic approach toward China.

Despite facing external challenges, China's steel industry has continued to focus on internal improvement and lay a solid foundation for the wider manufacturing sector. This stands in stark contrast to the US strategy of trying to revive its steel industry through tariffs.

The Chinese understand that compromise under pressure does not bring peace or respect. In this context, China does not need to rush during the talks, considering that its economic resilience, particularly in the face of US tariffs, affords it a flexible strategic space. China will not, and indeed does not need to, make concessions on matters of principle.

China's private sector promotion law, which will come into effect on May 20, represents China's first fundamental legislation dedicated to shoring up the private sector. Notably, sci-tech innovation is included as an independent chapter among the nine chapters of this landmark law.

From the perspectives of trade structure and industrial competitiveness, China's economy has demonstrated greater resilience against the US coercion, particularly if the US government stubbornly persists with its steep tariff policy, leading the trade relationship into a prolonged deadlock.

Powell's comments and the Fed's wait-and-see approach, while seemingly in line with market expectations, lay bare the central bank's concerns about the potential repercussions of the US tariff policy on the broader economy.

The participation of Chinese companies in the Smarter E Europe 2025 not only reflects China's advancements in clean energy technology but also underscores the increasingly close and indispensable complementary relationship between China and Europe in the energy transition.

It seems that the recent developments surrounding US export controls on advanced artificial intelligence (AI) chips underscore its deepening anxiety in the face of China's technological advancement. Its reliance on an escalating chip blockade, aimed at preserving US technological hegemony, is a short-sighted approach that won't help in enhancing the competitiveness of the AI industry in the US and curbing China's technological progress in this crucial field.

Australian Treasurer Jim Chalmers said that the re-elected Labor government's first priority will be to address global economic uncertainty. The stated priority could mean greater win-win cooperation with China.

The US port fees imposed on Chinese vessels have cast a shadow over its energy export industry, showing the self-defeating attempt to contain China's shipbuilding industry is set to backfire.

China's AI industry surpassed $96.06 billion in 2024, sustaining over 20 percent growth for several years. As AI continues to permeate global economies, China's role as a driver of inclusive, innovative growth will only become more pronounced.

There seem to be some voices surfacing these days, fearing that, as a result of the upheaval caused by US tariff policies, Chinese goods may flood into the European market in large quantities. However, these worries overlook the long-standing mutually beneficial nature of China-Europe trade, essentially representing unnecessary noise in normal trade cooperation.

Reports surrounding potential large-scale layoffs at Intel have once again thrust the US chipmaking sector into the spotlight, highlighting the urgent need for effective solutions rather than misguided policies that may exacerbate the industry's challenges.

The innovation achievements of China's new-energy vehicle (NEV) industry in key technology areas are providing more diversified technological pathways and supply chain support for the global industry. The continuous release of this innovation potential further consolidates China's pivotal role in the global automotive industry chain, rendering any attempts to exclude China's EV technology from global supply chains futile.

The substantial losses incurred by Taiwan Semiconductor Manufacturing Co's (TSMC) factory in the US state of Arizona illustrate both the consequences of ignoring market logic and the deep-seated difficulties the US faces in its attempt to forcibly restructure global semiconductor supply chains through political intervention.

At a time when global trade is facing many uncertainties, China's logistics supply chain has emerged as a stabilizing force, driving international economic cooperation through its robust transportation networks and innovative solutions.

Vietnam's new energy policy not only charts a path for the country's energy transition but also creates new opportunities for enhanced China-Vietnam cooperation in the realm of green energy. This collaborative effort will also catalyze regional green grid integration through enhanced electricity market connectivity across Southeast Asia.

As China navigates the complexities of international trade and technological competition, its focus on expanding legacy chip production is not merely a response to US sanctions but a strategic move to build a resilient domestic supply chain.

As Asia emerges as a new highland in global cooperation and development despite rising trade protectionism from the US, the further upgrading of the China-South Korea Free Trade Agreement (FTA) is undoubtedly a vital part of this process, carrying profound implications for not only the regional industrial chain but also market integration and expansion.

In the face of the US bullying behavior by using tariffs as a weapon to exert "maximum pressure" on all trading partners, China has firmly upheld the rules-based multilateral trading system by taking countermeasures, demonstrating its commitment as a responsible major country in maintaining fairness and justice in global trade.

A recent CNBC article spotlighted growing concern among investors regarding a potential exodus from US assets, as both US Treasury debt and the dollar experience a downturn. The April sell-off in financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and constantly changing trade policy from Washington could be doing long-term damage to the financial standing of the US, the report said.

At a time when US tariffs are disrupting the global trade order in pursuit of a new "America First" order, the multilateralism represented by the World Trade Organization (WTO) becomes not only crucial for sustaining global trade stability but also imperative for averting a dangerous slide into zero-sum trade confrontations. China's recent actions at the WTO underscore this urgency.

The strong industry resistance to a US port fee proposal is a stark indication that unilateral measures weaponizing trade have collided with economic reality, facing fierce pushback from industries reliant on efficient global supply chains.

Amid increasing global economic uncertainty caused by US tariffs, China's manufacturing sector has again demonstrated its long-term stability and resilience. This was evidenced by Chinese buyers' copper purchases despite recent market volatility, reinforcing the sector's role as a stabilizing force in global trade and industrial supply chains.

In the face of the US tariff policy, China's efforts to expand international markets not only showcase its resilience in trade but also highlight its capability to bring its manufacturing to the world.

By discerning market trends and delivering high-quality vessels that cater to diverse international demands, China's shipbuilding sector will not only solidify its position but also uphold a resilient development trajectory.

The fantasy of some US politicians, who view tariffs as a means to substantially boost tax revenue, reveals a gross overestimation of the sway held by the US consumer market.

With both the EU and China seeking to drive industrial transformation and address global challenges in a rapidly evolving geopolitical and technological landscape, Hannover Messe 2025, one of the world's leading trade fairs for mechanical and electrical engineering, has emerged as a pivotal platform for showcasing the immense potential for industrial cooperation between these two economic powerhouses.

Despite challenges, China's new-energy vehicle (NEV) industry continues to thrive, showcasing its ability to adapt and evolve in a rapidly changing global market. The innovative vitality and resilience of the industry have demonstrated that external pressures cannot stifle the development and overseas expansion of this sector.

As trade diversification emerges as a crucial strategy for many countries to mitigate the impact of US tariff policies, Canadian politicians' promotion of values-based trade represents not just a missed opportunity for its own economic development, but toxic contamination of global economic and trade collaboration.

Indonesia's reported decision to join the NDB is not only crucial for its own economic development but also reflects the growing urgency of developing countries' economic needs for strengthening South-South cooperation.

Just as US suppression has spurred China's self-reliance in various sci-tech fields, the pressure faced by the shipbuilding industry will only fuel its determination to achieve technological breakthroughs and expand its market reach.

While it remains unclear the exact tariffs the US will impose on each country, the development so far indicates that the US market and the US auto industry still have high dependence on external supply chains, and tariffs won't change the fact that they still need to import.

In the face of a global economy rife with uncertainties, there is growing interest in how China and the EU can effectively address their differences and enhance cooperation through constructive dialogue and pragmatic consultation.

For India's manufacturing sector, the external environment is challenging in 2025. However, leveraging the opportunities presented by China's development and its commitment to high-level openness could boost India's manufacturing growth and, in turn, strengthen the Indian economy.

The US has been politicizing trade and tech issues and abusing export controls. This approach has restricted its own exports, particularly in sectors where the US holds a competitive edge.

The rising frequency of extreme weather events, from devastating wildfires to powerful tornadoes, serves as a stark reminder of the pressing urgency for global climate action. However, the recent reversal of US climate policies has cast a troubling shadow over global climate efforts, making the already uphill battle to combat climate change even more daunting.

As the US tariff policy continues to pile ever-growing pressure on the US economy and financial markets, it has become evident that Washington's use of tariffs as a means to gain the upper hand in trade negotiations or economic competition is an increasingly untenable strategy. The unilateral US approach toward global trade is more likely to plunge its own economy into a predicament rather than achieving its intended goals.

With the upcoming GPU Technology Conference (GTC) 2025 hosted by Nvidia, which is set to run from Monday to Friday in San Jose, California, investors are trying to use the conference to gauge the impact of the US "small yard, high fence" strategy on the future outlook and the broader technology industry.

The World Trade Organization (WTO) on Wednesday said that global goods trade appeared to remain steady in the fourth quarter of 2024 and looked set to continue growing in the first months of 2025, but increased trade policy uncertainty and the prospect of new tariffs could weigh on trade in the medium term.

While the US focuses on containing China's shipbuilding industry, China is actively enhancing the quality and technology of its ships. This stark contrast shows that the US stands little chance of stifling the rapid development of China's shipbuilding sector.

Flash sales are merely one aspect of China's diverse consumer landscape. Product diversification, by offering consumers more choices, only serves to establish more reasonable prices, which help in mitigating both deflation and inflation.

The enthusiastic discussions about patient capital among lawmakers and political advisors, coupled with the message in the Government Work Report, underscore a shift in China toward leveraging more patient capital to bolster the growth of high-tech sectors.

China's semiconductor manufacturing evolution is positively impacting global manufacturing, with better technology and lower costs benefiting downstream industries. This includes US companies with production bases not only in China but globally.

The US, by persisting in its reckless tariff policies, is chipping away at the very foundation of the US dollar's status. This erosion is not a sudden collapse but a gradual accumulation of policy missteps that undermine global confidence in the dollar's reliability.

The rapid development of China's robot industry has once again proved that it is impossible to stop the development of China's industry by curbing high technology.

The escalating costs associated with the US tariffs are rapidly materializing into a real and formidable crisis for American farmers, who are likely to be among the first to bear the brunt of the trade hostilities triggered by Washington's tariff policy.

By investing in modern transportation networks, renewable energy sources, and advanced technological infrastructure, China is shoring up its defenses against risks and bolstering its economic resilience in an increasingly complex global landscape.

Amid the shifting global economic landscape and the rapid upgrading of China's domestic consumer market, the integrated development of domestic and foreign trade has become an increasingly crucial strategy for Chinese enterprises to enhance competitiveness and ensure sustainable growth. By leveraging the vast potential of the domestic market while maintaining their foothold in the international arena, Chinese enterprises have not only withstood the buffeting of external economic fluctuations but have also showcased the resilience of China's foreign trade.

As the aggressive US tariff policies have sent shockwaves through the global economy, placing great pressure on global trading networks, the BRICS nations - alongside other emerging economies - need to deepen regional collaboration and leverage multilateral mechanisms to defend their interests and weather the storm of unilateralism.

US tariff policies cannot deliver their promised benefits as the country is dragging the world into a dangerous “zero-sum game” that will ultimately leave the US itself trapped in an economic quagmire.

The CATL-Volkswagen cooperation not only signifies a new phase of deep cooperation between Chinese and German companies in the realm of new-energy vehicles but also serves as an important embodiment of cooperation between the two countries in the green economy.

Despite efforts to justify the US tariff move by pointing the finger at China, politicians struggle to explain why it is US allies that are bearing the brunt of these tariffs. In essence, this tariff policy is a byproduct of domestic political maneuvering in the US.

As European carmakers are grappling with cost challenges amid the green transition, the pending US vehicle import tariffs are further weighing on the European auto industry. At this juncture, policymakers in the bloc may need to consider primarily the potential benefits of industrial cooperation with Chinese companies.

Recent proposals by US President Donald Trump to impose tariffs on pharmaceutical imports are likely to bring shocks to the supply of generic drugs, on which millions of Americans depend. Rather than fostering an increase in domestic production, these tariffs could drive up costs for those who need them most and exacerbate drug shortages.

The escalating tariff threats from the US have placed regional cooperation among China, Japan and South Korea at a critical crossroads. Only by working together to resist the immense pressure brought by the US tariffs and maintaining the big picture of Asian regional economic cooperation can partners in the Asian industrial chain enhance regional competitiveness and provide a sustained impetus for the stability of the Asian economy.