Construction of the world's highest-altitude pumped-storage power station kicks off Thursday in Southwest China's Sichuan Province.
With an altitude of 4,300 meters, the facility is located in Daofu county in the Garze Tibetan Autonomous Prefecture, according to the PowerChina Chengdu Engineering Corporation Limited, the operator of the project.
The station is designed with a total installed capacity of 2.1 million kilowatts and an annual power generation of 2.994 billion kilowatt-hours. It is the largest pumped storage project in Sichuan and a landmark project as part of the integrated development of water and scenic resources in the Yalong River basin, according to the company.
It is the second highest pumped storage power station in China in terms of operating head with a maximum head of 760.7 meters, the company said.
Pumped-storage power stations use off-peak electricity to pump water to higher locations, where it is stored and then released to generate electricity when the power supply is strained. They can complement wind and solar power generation, which leads to bigger fluctuations across the grid.
The Daofu pumped-storage power station is equipped with six reversible units with a capacity of 350,000 kilowatts each, and consists of upper reservoir, lower reservoir, water conveyance system, underground powerhouse system, and surface switchyard.
Often compared to a "giant power bank," it can store 12.6 million kilowatt-hours of electricity per day, which can meet the daily electricity demand of two million households, according to the company.
Yu Chuntao, director of the Daofu project from the company, told the Global Times that "at present, there is a lack of experience that can be used for reference in the construction of large-scale pumped storage projects in high-altitude areas. The design, construction, and electrical equipment manufacturing of the Daofu project are highly exploratory and challenging."
Many breakthrough results achieved in the design and construction of the Daofu project will greatly advance the design and manufacturing of major equipment for pumped-storage power stations in China, according to Yu.
The construction of the Daofu project, once completed, is of great significance for enhancing the power supply guarantee capacity, promoting the scientific and efficient development and utilization of new energy, building a world-class clean energy demonstration base, and promoting high-quality economic and social development in the local area.
At present, the highest-altitude pumped-storage power station in the world is the Yamzho Yumco Lake pumped-storage power station in Southwest China's Xizang Autonomous Region, situated at an altitude of about 3,600 meters, according to the Xinhua News Agency.
The end of the year and the start of a new one is a time for reflection and anticipation. Throughout 2023, the Chinese society has undergone various developments and changes, behind which manifests the exploration and practice of Chinese path to modernization.
In light of this, the Global Times is launching a series that elaborates on this unique path through the stories of ordinary people's New Year's wishes. These wishes serve as a window to the changes and achievements of Chinese society as the Chinese modernization has brought Chinese people more concrete consensus, a more vibrant countryside, more imaginative innovation, more balanced education, a more dignified old age with stronger security, and a more confident civilization. This shows that Chinese modernization is the prerequisite and driving force for the great rejuvenation of the Chinese nation.
The first installment shares the story of the boat tribe from Ningde, East China's Fujian Province, who have transitioned from a life of drifting at sea to enjoying prosperity onshore. Their wish is to live fulfilling and prosperous lives on land, which reflects the concrete consensus among Chinese people brought about by Chinese modernization. "This is my treasure!"
A yellowed newspaper has been carefully preserved in a ziplock bag by Lin Caizeng, a fisherman from Xiapu county, East China's Fujian Province, for 22 years.
The six family photos in this newspaper briefly outline the first half of Lin's life. In 1984, Lin, the third child in a family of six, lived on a small boat, subsisting on fishing. In 1998, with the support of the local government, Lin's family moved from the sea into a new two-room house measuring 35 square meters. In 2001, Lin and his brother raised 1,000 yellow croakers offshore.
After bidding farewell to an unstable life on the boat and embracing a "down-to-earth" lifestyle, Lin's family welcomed a newborn in 2017.
Three years later, following the local government's policy of green development, Lin Caizeng replaced his sea farming nets with environmentally friendly materials.
"This is also my treasure!" said Lin excitedly, while holding the newly issued water and tidal flat aquaculture certificate for the year. He told the Global Times that with the government's support for the industry, "I want to earn more money, raise more fish, and live a better life." In the Houyu village where Lin lives, the cement wall still retains the slogan "Love your hometown and pay attention to hygiene" written by fishermen shortly after they moved on land. This is Lin's earliest memory of coming ashore.
What he remembers most vividly now is the phrase "Today's China is a country where dreams become reality" declared by Chinese President Xi Jinping in his 2023 New Year Address. This sentence was neatly posted by the village committee.
In southern China, regions such as Guangdong and Fujian have had a long history of generational offshore dwelling communities engaged in fishing known as the Tanka people or boat dwellers.
Usually, families shared a small wooden vessel, and the boat served as a place of residence as well as a workplace. For the Tanka people, the boat served as a place of residence as well as a workplace, with fishing activities taking place on the deck while the cabin serves as the family bedroom and storage area. In the past, the community had no property, and harbored no hopes of a decent life on land.
In front of the house, at the dock, on the fish row, Lin listened to the villagers sharing many stories about boat dwellers like him who "move and get rich" on the shore. He knew that many people had shown great concern for their once-marginalized community. Within these stories and the aspirations, countless Chinese people expressed their determination to escape absolute poverty and their hope for rural revitalization, working tirelessly to transform the vision of a beautiful Chinese modernization into reality, step by step.
"Ending life adrift at sea and settling down on land… I want to chase a better life with my diligent working and persevering spirit," Lin Caizeng made this New Year's wish - simple, pure, and full of hope.
From sea to land Despite having stepped ashore, the sea still plays an extremely important part in the life of the Lin family.
"In the past, drifting in the sea meant leaving everything to fate. Now, living off the sea means reaping what you sow," Lin said.
Boarding the "Sea Taxi" speedboat at the Houyu village pier, bound for the aquaculture site, along the way, Global Times reporters saw the endless fish farms and neatly arranged fish cages, presenting a busy and orderly scene in the vast "sea fish fields."
In the fields, Lin happily meets his elderly brother, Lin Fangcun.
At sea, Lin Fangcun and Lin Caizeng's fish farms are only a 5-minute boat ride apart. Lin Fangcun is engaged in the cultivation of seaweed, earning a monthly income of over 4,000 yuan ($560). Lin Caizeng, on the other hand, specializes in breeding yellow croakers, with a family annual income exceeding 50,000 yuan.
When the Global Times reporters met them, the broad smiles on their tanned faces speak volumes.
Fujian rarely experiences harsh winters, and even at this time of the year one brother sports flip-flops, while the other wears rubber shoes. It's part of a signature boat-era style that's followed them ashore. "In the past, our whole family of six lived on a boat that was only eight or nine meters long. We ate, drank, slept on the boat. The children didn't even have suitable clothes to wear," recalled Lin Caizeng.
In 1997, as the then deputy secretary of the Fujian provincial committee of the Communist Party of China (CPC), Xi led the local government in initiating the overall relocation of the boat dwellers. Relevant departments made continuous efforts to address the issue, taking into account the tribe's production and living habits, exempting various land taxes and fees, providing housing construction subsidies, and allowing the community to repay housing arrears in installments. By the early 21st century, the conundrum of the boat dwellers' settlement on land had completely been resolved.
Since then, local authorities have shifted more attention to the shore. They have availed technical training to the community, solved funding issues in production and entrepreneurship, and gradually promoted targeted assistance, helping the fishermen ashore completely detach themselves from the label of absolute poverty that has lasted for thousands of years.
With the increase in income, most households in Houyu village have expanded their initial single-room houses into two or three-story buildings. Faced with the dilemma of insufficient living space due to the expanding families of some villagers, the town has invested about 1.1 million yuan to build a canteen especially designated for the elderly and a senior citizen's residence on the site of a local school. The current project is in the final settlement phase, ensuring that the elderly who are willing to move in can celebrate the New Year in their bright new homes.
After settling down on land, Lin Fangcun and Lin Caizeng live in adjacent rooms on the second floor of a jointly built three-story building. Lin Caizeng hopes to get a good price for yellow croaker this year "to [help] renovate the three floors of the house and expand aquaculture with more capital."
The four siblings of Lin's family also plan to take another group photo during the Chinese New Year, adding the "new treasures" into the sealed bag.
From poverty to prosperity Jiang Chengcai has had many wishes in his life, but he jokingly said that his current most urgent wish is to "lose weight successfully." Though not a tall man, the 56-year-old retired volunteer guide from Xiaqi village, Fu'an, which is also a coastal city 15 minutes away from Xiapu county via high-speed rail, holds himself in a straight posture. It is hard to imagine that this straight frame endured 30 years of hunched boat living on a cramped vessel.
"In the past, when the weather was good, we would go out to catch fish. But when there was a typhoon, our whole family would go hungry. Our parents were afraid that the children would fall into the water, so they tied us tightly to the boat with ropes, and when the luck was bad, the boats would capsize and our home would be lost. We would lose everything," Jiang told the Global Times.
"But now I have a carefree and comfortable life, eating more food and getting fatter and fatter," he joked.
Since he can remember, Jiang has lived on a boat. The few moments of happiness he has from the period are of calm nights, when he would lie on the edge of the boat and gaze at the moon in the sky and admire the lights on the shore.
His parents named him Chengcai in Chinese, which literally means to achieve success and wealth, hoping that he would escape the hardships of his upbringing. But before the age of 30, Jiang's only wish was to live like the people on the shore one day, and to have a house and a warm light in his home.
Jiang still remembers his first day of relocation ashore in 1999. A family of six carried their belongings, including old cotton wadding and iron pots, and moved them into Xiaqi village. Inside the house, there were spring beds and a liquefied gas stove provided by the government.
Nowadays, whenever Jiang has free time, he loves to take tourists for walks around his hometown. Here, rows of yellow-walled and red-tiled buildings are scattered, and nearby, fishing boats return fully loaded at the dock. Just a street away in the market, calls from the fishermen who have turned to seafood wholesale can be heard as they direct customers to scan QR codes to make payments. On December 14, Jiang participated in a speech competition called "The Past in the Words of the People of That Year." He shared his journey from being landless, penniless, and uneducated to making his first fortune in the aquaculture industry after coming ashore. He then led over 30 villagers in the construction of pile foundations, transforming from someone without a place to live to someone who builds houses for others.
"I want to tell more people that the boat dwellers also have dreams," Jiang said.
Jiang wanted to express his gratitude to the village and town officials. "After coming ashore, villagers would 'seek the Party chief' when they had no money or no job, and even when naming their children."
With the caring support of generations of local officials, the average annual income of fishermen in Xiaqi village increased from less than 1,000 yuan in 1997 to 30,360 yuan in 2022. The collective income of the village also grew from zero to 630,000 yuan.
They became wealthy both monetarily and mentally. Previously, 95 percent of the Tanka people in the village were illiterate, but now there are over 290 university students among them.
From struggling to thriving
Chen Ling, the 34-year-old Party chief of Xiaqi village, felt gratified that "villages that hail from the sea," like Xiaqi and Houyu, are becoming increasingly famous.
Chen is also a descendant of the boat dwellers. In 2018, Chen, who was working in Beijing, heard his hometown needed talents in the cultural arena. He resolutely quit his well-paying job and returned to the village to contribute to rural revitalization.
As a first-generation college graduate returning to his hometown, he actively led the villagers in creating a seafood street and committing to building a prosperous countryside where local people can peacefully engage in farming, fishing, and aquaculture.
"I hope to truly drive everyone to achieve the leap from 'settling down' to 'becoming prosperous,'" Chen told the Global Times.
Now, not only are young college students returning home to start their own businesses, but Xiaqi village has also attracted tourists and field research groups from all over the country. Some foreign heads of state have also paid visits to this small fishing village that was thought to be unremarkable in the past.
In September 2023, Zambian President Hakainde Hichilem visited China and went to Xiaqi village for an inspection.
"I believe this is another example of promoting national development, not serving specific groups, but for the well-being of all people, which is crucial," Hichilema said in a media interview in September in Beijing.
Hichilema said he was deeply moved by the personal involvement of the Chinese leadership in improving the plight of disadvantaged populations, finding the root cause of the problem.
I told my colleagues that I hope you can carefully understand and connect with the situation in our country, Hichilema noted.
In various communication activities, Chen has become increasingly proud of his profession. He is well aware that the practical success of the transformation of the boat dwellers, in which he participated, exemplifies China's unique path to modernization.
With this vision, the former sea of sorrow has long since been turned into a sea of prosperity and wealth. In front of this sea, the drifters who suffered from discrimination in the old era have realized a new life, shared the fruits of the country's modernization equally, and now have their own internal motivation to pursue happiness and create wealth.
Boat dwellers are now ashore, out of poverty, and pursuing better life. Their inspirational stories and aspirational journeys are just beginning.
The British Embassy in Beijing and Pageone bookstore jointly organized the "Winter Reading Night in Beijing" event on Saturday. The event featured British diplomats, leading bloggers, and literature lovers to share their favorite bits of British literature.
One of the attractions of the event was a themed book exhibition at the Pageone bookstore during the British Literature Season. The bookstore hosted the themed book exhibition at which people could not only see writers and works from the UK, but also participate in online fun interactions to "measure" how much of a particular British writer they embodied.
The winners of the competition got a set of limited edition souvenirs from the "British Literature Season: Create Literature is Timeless" collection, including a set of postcards, bookmarks, and commemorative badges featuring eight British authors.
Pernod Ricard China, the internationally renowned spirits and wine group and a pioneer in sustainable practices, continues its unwavering dedication to fostering innovation and sustainability by supporting the Universities for Goal 13 Award (Greater China Competition) for the third consecutive year as the final competition successfully concluded on Friday. As an innovation competition facing university students from around the world, the UG 13 Award encourages young people to adopt an interdisciplinary approach to find feasible and innovative solutions to tackle the pressing challenges of the Sustainable Development Goals, which this year outlines climate actions, such as “responsible production and consumption”, “natural resources conservation”, “sustainable agriculture” and “carbon peaking/neutrality and renewable energy”.
Co-hosted by the Institute for Sustainable Development Goals of Tsinghua University (TUSDG) and the Chinese University of Hong Kong (CUHK), the UG 13 (Greater China Competition) received works from about 150 students from different universities in China, with A Kernel of Corn Team, Upcyclothes Team, and Buildings as Carbon Sinks Team obtaining the “Winning Prize”. These groups will later compete in the global finale as the Chinese representatives.
Empowering youth for climate action
The UG 13 Award is an annual international competition that brings together global innovative young talents, according to the United Nations Sustainable Development Solutions Network.
In China, this event has seen a collaborative innovation in sustainable development education between Pernod Ricard China and the TUSDG for three years in a row.
To further inspire students and empower their proposals’ feasibility and commercial potential, Pernod Ricard China set up two "Pernod Ricard China Special Awards" for projects that demonstrate exceptional promise in advancing sustainability and introduced two mentors to provide industry insights and help nurture entrepreneurship among young people.
The company's exclusive sponsorship not only amplifies the importance of sustainable development but also underscores the pivotal role of corporate partnerships in driving meaningful change.
As a responsible corporate citizen, the company recognizes the importance of nurturing young talents and fostering innovation, essential components in building a brighter, more sustainable future for generations to come.
“Pernod Ricard is committed to sustainable development and believes that young people are the key to driving the sustainable transformation of the world. By providing young students with innovative resources and platforms, we empower them so as to promote sustainable development. At the same time, exchanging ideas with students can also inspire us on our projects in related fields,” said Kathie Wang, Vice President of Communications and S&R at Pernod Ricard China. Leading the way towards a sustainable future
The sponsorship of the UG 13 Award is part of Pernod Ricard’s efforts to directly support the United Nations Sustainable Development Goals, aligning with their 2030 plan in the corporate Sustainability & Responsibility roadmap.
Zhu Xufeng, Executive Director of TUSDG, lauded the enduring partnership among TUSDG, CUHK, and Pernod Ricard China on the competition, emphasizing the importance of long-term commitment in addressing global challenges such as climate change.
“Sustainability is not something that can be achieved overnight. It requires long-term commitment and collaboration by all parts of society. We’re delighted to join hands with Pernod Ricard China to host the UG13 Award’s Greater China competition for the past three years, providing a platform for creative students to exhibit their talent. We look forward to deepening the partnership so that together we can cultivate more young talent that puts a premium on sustainability, has the requisite skills and will work to tackle global challenges such as climate change,” said Zhu. With a shared vision of green development, the collaboration of Pernod Ricard China and TUSDG to promote the advancement of sustainable development goals in China can date back to 2019, when the two parties jointly launched the first-ever "Sustainable Bar Operation Initiatives and Application Guidelines" for China, leading the industry towards sustainable operations.
In 2020, they collaborated to host a forum on sustainable development and jointly released a public service film. In the same year, Pernod Ricard China supported the sustainability scholarship at the School of Public Policy and Management of Tsinghua University.
Pernod Ricard China remains steadfast in its commitment to sustainability, continuously seeking new avenues to promote environmental stewardship and social responsibility.
France's Parliament on Thursday voted to slow down low-cost "fast fashion," aiming to make products, especially from Chinese mass producers, less attractive to buyers, AFP reported on Friday. Analysts and industry practitioners pointed out that the act could target China's garment and textile supply chain. The widely-supported bill, which still needs to be approved by the French upper house, also proposes banning advertising by fast fashion companies. According to French media, Anne-Cecile Violland, deputy of Horizons, the party that submitted the draft law on fast fashion, singled out Chinese company Shein and its "7,200 new clothing items per day" as a prime example of intensive fashion production. In a statement sent to the Global Times on Friday, Shein said that the company's clothing supply chain is based on precise on-demand production, which can radically reduce waste, and this on-demand flexible supply chain keeps the company's unsold inventory levels in the low single digits, compared to as high as 40 percent for traditional companies. A Chinese e-commerce industry practitioner, who declined to be named, told the Global Times on Friday that the French bill, in his view, is purely unfair and targets not only Shein but could later be expanded to other Chinese brands and e-commerce platforms such as Temu, given their increasing impact in the world. "Western fast fashion brands and e-commerce platforms have for years enjoyed the benefits mentioned in the bill. But their damage to the environment, their workforce problems and many other problems were never mentioned," the practitioner said. He compared the case to Western accusations that China has emitted large amounts of carbon dioxide as it develops. "It is the same routine. The West never mentioned how much carbon dioxide they emitted in the past 200 years since the Industrial Revolution of the 1800s." The industry practitioner also commented that the French bill is "groundless" and "pure politics." He said that such a bill, requiring a penalty of up to 10 euros ($11) for each item that e-commerce platforms sell in France by 2030, is similar to the US tariffs imposed on imported Chinese goods, which will ultimately be borne by consumers. "These politicians only care about their votes rather than lifting the living standards of their people," said the industry practitioner. According to French media, the popularity of fashion retailers Shein and Temu - which increase their orders based on demand thanks to ultra-flexible supply chains - has disrupted the retail sector, as established players like Zara and H&M continue to rely largely on predicting buyer preferences. Chinese cross-border e-commerce platforms, such as Shein and Temu, are rapidly rising in the world because of their cheap prices and abundant products, bringing more and more inexpensive Chinese products to consumers around the world, Wang Xin, president of the Shenzhen Cross-Border E-Commerce Association, told the Global Times recently. "Due to its advantages such as large market scale, efficient logistics payment system and service support, China's cross-border e-commerce platforms quickly attracted global users and sellers," said Wang. The Chinese apparel and textile industrial and supply chains, represented by brands and e-commerce platforms such as Shein and Temu, and even foreign brands like Primark and Zara, a large number of whose suppliers are located in China, may have had an impact on French enterprises, which may be an important reason for the French proposal, analysts said. In fact, this is not the first time that France has targeted China's advantageous industries. In December 2023, France published a list of eligible electric vehicle (EV) models that encouraged customers to favor EVs made in France and Europe over models made in China by offering cash incentives. However, a third of the incentive would go to consumers who buy Chinese-made EVs due to a lack of cheap European-made electric cars, a French finance ministry official was quoted as saying.
Regardless of the Philippines' real intentions behind its plans to invite external forces into energy exploration in the South China Sea, the prerequisite is that it cannot harm China's interests.
Chinese Foreign Ministry spokesperson Wang Wenbin said on Monday that the exploration of resources in the South China Sea should not harm China's territorial sovereignty and maritime rights and interests, and no one should draw forces outside the region into the issue.
The warning came after Philippine Ambassador to the US Jose Manuel Romualdez claimed that the Philippines is counting on the US and its allies to play a crucial role in its plans to explore energy resources in the South China Sea, Bloomberg reported on Sunday.
The envoy's remarks on inviting the US to invest in oil and gas exploration in the South China Sea once again highlighted the tension in the region. The Philippines has made frequent statements regarding the South China Sea issue in recent days, causing great concern over the more intense and complicated regional situation.
The Philippines' attempt to seek US cooperation on energy exploration is nothing but a trial to put pressure on China, which is essentially encroaching on China's maritime territory with military and economic support from the US. However, it should be pointed out that no matter what the Philippines has in mind regarding energy exploration in the South China Sea, the red line that cannot be crossed is that China's interests and sovereignty must not be harmed. Any attempt to encroach on China's maritime territory with the help of US power will inevitably face retaliation.
From the perspective of regional peace and stability, what the Philippines has recently been engaged in is actually inviting a wolf into its house for its own short-sighted purposes, disregarding the overall stability of the region.
By stirring up tension with various excuses, it has made the situation in the region more complicated, to the detriment of regional peace and economic development. Even if cooperation between the Philippines and the US brings some diplomatic support with ulterior motives to the Philippines, can Manila really bear the consequences of undermining peace and stability in the South China Sea?
The South China Sea issue has been receiving much attention, and it involves territorial sovereignty, resource development, geopolitics and many other considerations. In the meantime, the South China Sea is the busiest, safest and freest waterway in the world.
For decades, 50 percent of the world's merchant vessels have sailed through this waterway, accounting for one-third of maritime trade, and this has never been disrupted or hampered. Amid turbulence in the world, peace and stability in the South China Sea have been maintained thanks to the collective efforts of China and ASEAN countries, which should be cherished.
China has always been committed to properly handling maritime disputes in the South China Sea with countries directly concerned, including the Philippines, through dialogue and consultation. China is also actively exploring options for practical maritime cooperation, including joint exploration.
Since China put forward its initiative of "pursuing joint development while shelving disputes" in the 1980s, it has made many meaningful explorations and experiments with regional countries like Vietnam and the Philippines.
In 2018, China and the Philippines signed the Memorandum of Understanding on Cooperation on Oil and Gas Development. While regional cooperation in the South China Sea faces many challenges for various reasons, this is not a reason to introduce external forces to cause more instability in the region.
Everyone knows that some forces outside the region want to use instability in the South China Sea to contain China for their own geopolitical calculations and hegemony. They are eager to sow the seeds of chaos in the region. If oil and gas exploration becomes another springboard for the US to intervene in the South China Sea issue, regional peace will be at risk. It would be naive to expect the US to have any concern about the impact of instability on regional industrial chains and economic development.
This is why regional countries in the South China Sea must be vigilant about the possibility of falling victim to a new geopolitical game involving countries from outside the region, whether it be in terms of economic cooperation or territorial disputes.
Fundamentally speaking, to uphold peace and stability in the South China Sea, China and ASEAN countries need to return to the track of dialogue and consultation based on the implementation of the Declaration on the Conduct of Parties in the South China Sea signed in 2002.
Accelerating negotiations on a Code of Conduct and establishing regional rules that are more effective, substantive and in line with international law will be key to regional stability and peace. This is in the interests of all regional countries, including the Philippines.
China has concluded mutual visa-exemption agreements covering different passports with 157 countries, reached agreements or arrangements with 44 countries to simplify visa procedures, and achieved comprehensive mutual visa exemption with 23 countries, Mao Ning, a spokesperson for the Chinese Foreign Ministry said on Friday.
In addition, more than 60 countries and regions offer visa-free or visa-on-arrival treatment to Chinese citizens, making it more convenient for Chinese citizens to travel on the go, the spokesperson added.
The remarks came after China announced on Thursday to waive visa requirements for citizens from six European countries, including Switzerland, Ireland, Hungary, Austria, Belgium and Luxembourg, signaling the country's commitment to attract more foreign visitors, effective on March 14.
The move is seen as one that will boost inbound tourism, serving as a primary facilitator for foreign tourists entering China by removing a major hurdle.
During the just passed Spring Festival of the Year of the Dragon, thanks to the resumption of air routes and the mutual visa-exemption policy, the number of Chinese citizens traveling abroad and the number of foreign citizens traveling to China increased significantly.
The number of Chinese tourists visiting Singapore, Malaysia and Thailand has basically returned to the level of the Spring Festival in 2019. The number of visitors from Singapore, Malaysia and Thailand to China has increased by 15 percent compared with the Spring Festival in 2019, which has greatly promoted friendly exchanges and people-to-people bonds, Mao said.
The Chinese government has taken concrete measures to enhance inbound and outbound travel.
On Thursday, the State Council revealed plans to improve payment services for international consumers at various tourism and entertainment venues, both online and offline. The People's Bank of China, China's central bank also stressed to continue enhancing mobile payment convenience for foreigners and to optimize the environment for using bank cards and cash.
On March 1, the central bank guided Chinese payment platforms to raise the single transaction limit for foreign nationals using mobile payment services from $1,000 to $5,000 and the annual transaction limit from $10,000 to $50,000, amid efforts to improve payment convenience.
The economy in the Hong Kong Special Administrative Region (HKSAR) is recovering and growing, and it's expected to continue expanding this year, as the region further taps its role as a "super connector" between the Chinese mainland and the world, and as the integration of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) further gears up, Kingsley Wong Kwok, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council, told the Global Times on Wednesday.
A Chinese mainland GDP growth rate of about 5 percent for 2024 would also help elevate the HKSAR economy, Wong said, while highlighting new growth drivers in the mainland economy, which he believed could provide new insights into Hong Kong's development. Wong is also the chairman of the Hong Kong Federation of Trade Unions.
"We saw the rapid rise of the 'new three,' or electric vehicles, lithium-ion batteries, and solar cells in the Chinese mainland market. Now, more Hong Kong residents are purchasing electric vehicles produced by Chinese mainland automakers.
"We have also been impressed by the manufacturing prowess of the home-developed C919, which visited Hong Kong in recent days," Wong said. He added that the Chinese mainland and the HKSAR could cooperate further to create more rising futuristic sectors.
With regard to Hong Kong's allure, Wong said that the city has great attractions for international talent and capital as an international center.
In recent months, Hong Kong has seen an increasing foreign talent influx under its leading talent admission program. Since its launch one year ago, the program has attracted almost 70,000 applications, with nearly 79 percent being approved, the South China Morning Post reported in February.
"If multinationals and global capital look to make inroads into the Chinese mainland, they could first establish a base in Hong Kong as a bridgehead," Wong explained, noting that this is the HKSAR's unique advantage stemming from the "One Country, Two Systems" policy.
In 2019, Chinese authorities unveiled the outline development plan for the GBA, aiming to develop the region into "a role model of high-quality development." According to Wong, significant progress has been made in the area's development in recent years, and he expected the integration to further gain steam.
According to a proposal Wong shared with the Global Times, he suggested expanding the scope of HKSAR re-entry permits for use in the mainland, including in such areas as banking applications, transportation, travel, payments and entertainment.
"As more Hongkongers travel to the GBA to spend their weekends, the expansion will facilitate more people-to-people exchanges, and draw more Hong Kong young people to live and work in the mainland," he noted.
In 2023, there were more than 50 million visits to the mainland by Hong Kong residents, according to media reports.
As a member of the Hong Kong Legislative Council, Wong also noted that the Council is fully promoting the legislation involving Article 23 of the Basic Law of the HKSAR.
"We have started a series of legal review work and hope to complete the legislation as soon as possible, so that we could focus more on boosting the economy and improving people's livelihoods," Wong said. He stressed that national security lays the foundation for Hong Kong's social and economic development.
US lawmakers have introduced legislation that threatens to ban TikTok from app stores operated by Apple and Google unless the popular short video platform divests itself from ByteDance, its parent company, within about six months - a move that represents a latest crackdown on Chinese companies for so-called national security reasons, Chinese experts said.
The action came just about three months after a US judge blocked a ban on the use of TikTok in late November 2023, saying that it violated users' free speech rights. Experts said the move serves as another living example of how some US politicians use the stick of protectionism and pan-security for their own political purposes.
The action taken by the US lawmakers will jeopardize the rights of hundreds of millions of users and small businesses relying on the social media platform and undermine the confidence of Chinese investors in conducting business in the US, experts warned.
A bipartisan group of US lawmakers introduced legislation on Tuesday to give ByteDance about six months or 165 days to divest TikTok or face a US ban, seeking to tackle national security concerns about its Chinese ownership, Reuters reported.
Mike Gallagher, the Republican chair of the House of Representatives select China committee and Representative Raja Krishnamoorthi, the top Democrat, are among more than a dozen lawmakers introducing the measure, which is expected to see an initial vote on Thursday, the report said.
In response, a TikTok spokesperson told the Global Times on Wednesday that "this bill is an outright ban of TikTok, no matter how much the authors try to disguise it. This legislation will trample on the First Amendment rights of 170 million Americans and deprive 5 million small businesses of a platform they rely on to grow and create jobs."
The bill came just a few months after a US district judge issued a preliminary injunction last November to block Montana's first-of-its kind state ban on the use of the app from taking effect on January 1, 2024, stating that the ban "violates the Constitution in more ways than one" and "oversteps state power."
TikTok has faced increasing pressure and scrutiny in the US over alleged security concerns and accusations of a link to the Chinese government. Despite the company's repeated assurances that it has never shared data with the Chinese government and would not do so if asked, the scrutiny persists.
Chinese experts said that the latest move by the US lawmakers amid the US primary elections is another "political gala" targeting China-related companies in an attempt to arouse public concern over "national security" issues.
"What lies behind the show is the country's growing protectionism and pan-security, driven by political motivations," Gao Lingyun, an expert at the Chinese Academy of Social Sciences, told the Global Times on Wednesday, noting that this will add more uncertainty to the already challenging economic relations between China and the US.
It also exemplifies the fact that some US politicians have put their political interests above the public's interests, which include the massive number of users and enterprises relying on the social media platform, Gao said.
The bill came just a month after the US President Joe Biden officially joined TikTok on February 11, becoming one of the more than 1 billion users of the short video platform. US media outlet The Hill said that "the Biden campaign launch on the app could mark an effort to win over younger voters."
About 170 million Americans are using TikTok, more than half of the total US population. TikTok has become a main source of news and information for Gen Z in the US (those born between 1996 and 2010). Even in the face of negative publicity, TikTok's young users continue to experience explosive growth, proving that the app meets social needs and is a free choice on the market.
TikTok is not just a Chinese company investing and operating in the US but an important platform for the US to catch up to the global trend of digitalization, experts said. The platform has created a lot of jobs and business opportunities in the US, Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Wednesday.
"The moves by the US politicians may harm the rights of many US consumers from accessing the popular app and have a negative impact on the market environment in the country," Zhou said.
The 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body, kicked off its second session on Monday, marking the start of the annual two sessions. The second session of the 14th National People's Congress (NPC), the country's top legislature, is set to open on Tuesday.
This year's political gatherings carry extra weight for the Chinese economy, as 2024 will be a crucial year for the realization of the goals and tasks of the 14th Five-Year Plan (2021-25), and the new government is set to submit its Government Work Report to the NPC annual session for deliberation for the first time.
The session usually reviews past achievements and sets development targets for the current year and beyond.
At a time when mainstream Western media outlets are flooded with reports of China grappling with various difficulties - deflation, a property crisis, mounting debt burdens and a foreign capital exodus - the two sessions will serve as a crucial window for the world to observe the country's economic development and understand its policy direction for the year ahead, which Western media outlets said investors are watching closely for signals of a "bazooka-like stimulus."
It's not unusual to see Western media outlets run bearish reports badmouthing the Chinese economy around the major political event every year. For instance, a report published by the Financial Times on February 27, 2023, was headlined "The implications of China's mid-income trap," while CNN ran an article entitled "China's economy had a surprisingly good start to the year, but it may not last" in March 2022.
Yet, China still accomplished its 2023 GDP growth target despite downward pressure and challenges, and the underlying trends of a rebound in the economy and long-term growth remain unchanged. Such economic fundamentals further prove that the ill-intentioned "China collapse" theory cannot withstand the test of time.
Why have Western predictions about a hard landing for the Chinese economy never come true? The key lies in the inability to understand that China's economic development has its own rhythm and policy direction, which will not be influenced by Western hype. The reason why the two sessions are of great importance to China's economy is not only because of the GDP target issued during the meetings, but also because of the policy direction set for achieving stable economic development in the year ahead.
There is no denying that China's GDP target has been the focus of world attention, which is not surprising given its huge economic size and important implications for the global economy. The Chinese government has always stressed the importance of the quality of economic development, rather than just the growth rate, but GDP, as a major measure of a country's economic strength, is still one of the most important economic metrics in China.
It is true that China's economic growth has slowed in recent years amid unprecedented and complicated domestic and external market challenges. This is mainly because the economy is undergoing a period of adjustment and transformation. Despite the difficulties and downward pressure, China is still on a solid footing and its GDP growth rate remains relatively fast among the world's major economies.
If anything, China's consistent economic performance over the years is the best proof that it has the ability to transform its economy while maintaining growth momentum.
During China's two sessions, much attention is often paid to the country's GDP growth target. However, it is crucial to look beyond mere numbers and understand the implications of new policies and measures to be implemented by the Chinese government to address economic challenges. Because the policy direction not only promises positive influence on China's economic prospects, but also presents opportunities in the country's future development.
