Spring Festival holiday sparks consumer spending in China, in a timely boost to the economy

A shopping street in Haikou, Hainan Province, lights up, plunging the city into the festive atmosphere of the Spring Festival on 11 January (VCG)

The Spring Festival, China’s most significant holiday, is also a vital driver of the country’s economy. This year, it shone even brighter, as the festival followed its inclusion on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity, sparking renewed enthusiasm domestically and attracting heightened interest from abroad.  The statistics speak for themselves:… Continue reading Spring Festival holiday sparks consumer spending in China, in a timely boost to the economy

The Low-altitude Economy has Become an Important new Driver of Development in China

An electric vertical take-off and landing aircraft during a test flight in Chengdu, Sichuan Province, on 12 October 2024. (Xinhua)

Propelled by the synergy of policy, technology, and market demand, the low-altitude economy has emerged as a powerful driver of high-quality development in China. This burgeoning sector is reshaping traditional industries while forging new strategic pathways for China to excel in the global competitive arena.  In recent years, the sector has experienced rapid expansion. By… Continue reading The Low-altitude Economy has Become an Important new Driver of Development in China

An Incredible Airspace Industry is Taking Shape at Low Altitude

A visitor experiences an eVTOL at the 2024 Shenzhen eVTOL Expo on 23 September 2024 (VCG)

As an economic concept, the low-altitude economy aims to utilise the unique resources of low-altitude airspace in a bid to develop general aviation or civilian non-airline flight, and energise the related industries from the sky to the ground.  The concept of low-altitude economy was first proposed by China, providing a theoretical contribution to the development… Continue reading An Incredible Airspace Industry is Taking Shape at Low Altitude

China’s Low-altitude Economy Eyes Global Expansion amid Rising Demand

A designer’s rendering of what the Sora S-1 eVTOL bus cruising over London would look like. (Courtesy)

Volocopter, a pioneering German company in the electric vertical take-off and landing (eVTOL) aircraft sector, recently filed for bankruptcy, drawing significant international attention. Founded in 2011, Volocopter was hailed as a leader in the emerging air taxi industry, benefitting from technological breakthroughs and substantial international investment.  The reasons for Volocopter’s collapse, analysts suggest, include a… Continue reading China’s Low-altitude Economy Eyes Global Expansion amid Rising Demand

Cooperation with China can support the Development of the low-altitude Economy in Africa

Participants of the second Forum on China-Africa Cooperation in Agriculture look at a drone at an agricultural park in Sanya, Hainan Province, on 14 November 2023. Photo: Xinhua

As an emerging industry catering to diverse needs across commercial, industrial, civil, and military fields, the low-altitude economy has the potential to transform industries such as logistics, transportation, tourism, health care, agriculture, and infrastructure.  China’s low-altitude economy is experiencing rapid expansion. According to the 2024 China Low-Altitude Economy Development Report released by the China Centre… Continue reading Cooperation with China can support the Development of the low-altitude Economy in Africa

2025 Global South Financiers Forum passes Beijing Consensus

(250320) -- BEIJING, March 20, 2025 (Xinhua) -- This photo taken on March 20, 2025 shows the opening ceremony of the 2025 Global South Financiers Forum in Beijing, capital of China. The main forum of the 2025 Global South Financiers Forum took place in Beijing on Thursday, with the theme of "Illuminating Global South." Hosted by Xinhua News Agency, the main forum was attended by representatives from government departments, financial institutions and experts from more than 30 countries and regions. Several parallel forums and conferences focusing on inclusive finance, digital finance and green finance, as well as the high-quality development of the capital market, started on Wednesday and will last until Friday. (Xinhua/Li He)

A consensus on promoting financial cooperation among the Global South countries was released on Thursday in Beijing at the 2025 Global South Financiers Forum. Hosted by Xinhua News Agency on March 19-21, the forum was attended by representatives from government departments, financial institutions and experts from more than 30 countries and regions. According to the… Continue reading 2025 Global South Financiers Forum passes Beijing Consensus

The Beautiful China Initiative Serves as a Model for Green Growth and Well-being of the People

Tungamirai Eric Mupona speaks at a green development forum in Anji County, Zhejiang Province, in November 2023. Photo: Courtesy

Beautiful China is not just a trendy term or catchy slogan designed to highlight China’s charm; it is a key goal in China’s development strategy. In 2015, the Fifth Plenary Session of the 18th Central Committee of the Communist Party of China introduced the concept of innovative, coordinated, green, open, and shared development to build… Continue reading The Beautiful China Initiative Serves as a Model for Green Growth and Well-being of the People

2025 Global South Financiers Forum being held in Beijing

(250320) -- BEIJING, March 20, 2025 (Xinhua) -- This photo taken on March 20, 2025 shows the opening ceremony of the 2025 Global South Financiers Forum in Beijing, capital of China. The main forum of the 2025 Global South Financiers Forum took place in Beijing on Thursday, with the theme of "Illuminating Global South." Hosted by Xinhua News Agency, the main forum was attended by representatives from government departments, financial institutions and experts from more than 30 countries and regions. Several parallel forums and conferences focusing on inclusive finance, digital finance and green finance, as well as the high-quality development of the capital market, started on Wednesday and will last until Friday. (Xinhua/Li He)

The main forum of the 2025 Global South Financiers Forum took place in Beijing on Thursday, with the theme of “Illuminating Global South.” African Times has published this article in partnership with Xinhua News Agency

Yaoundé’s National Assembly building is a milestone in China-Cameroon relations

The sumptuous new headquarters of Cameroon’s National Assembly. Photo: Courtesy

Magnificent, imposing, and ultra-modern – the new building that now serves as the seat of the Cameroonian National Assembly deserves all three of these adjectives. A gift from China, the $130 million structure is a testament to the deepening ties between the two nations.  On 30 November 2024, this majestic building was inaugurated under the… Continue reading Yaoundé’s National Assembly building is a milestone in China-Cameroon relations

Items From the Collection of the National Museum of China to Be Presented in Russia for the First Time

The exhibition is part of the plan of official events of the cross-cultural years of Russia and China. Photo: iStock

From 11 April to 17 August 2025, the exhibition halls of the Patriarch’s Palace and the Assumption Belfry of the Moscow Kremlin Museums will host the exhibition “Fine Dining. Stories of Food in Ancient China”. For the first time in Russia, artefacts from the collection of the National Museum of China will be presented, revealing… Continue reading Items From the Collection of the National Museum of China to Be Presented in Russia for the First Time

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