On a recent day, the production floor of CRCC Heavy Industry Xinjiang Co in Urumqi, Northwest China's Xinjiang Uygur Autonomous Region, was buzzing with activity as workers raced to complete four-row box-type cotton pickers.

China's National Financial Regulatory Administration and the Shanghai municipal government have jointly rolled out a series of measures to develop Shanghai into a global reinsurance hub, the two authorities said Tuesday.

Numerous enterprises and industry groups from the US and other economies have submitted opposition to proposed US tariffs on the pretext of so-called "forced labor" trade practices.

France has cut its 2026 economic growth forecast to 0.7 percent from 0.9 percent, the country's Economy and Finance Minister Roland Lescure said on Tuesday at a meeting of the Public Finance Alert Committee, according to local media.

The World Bank projected that China's economic growth will reach 4.4 percent in 2026, which remains unchanged compared with its previous forecast made in December 2025 for the economy, according to the international organization's latest China Economic Update sent to the Global Times on Tuesday.

Hong Kong Exchanges and Clearing Limited (HKEX) has signed a Memorandum of Understanding with the CIPS Co, operator of China's Cross-border Interbank Payment System (CIPS) to explore strategic cooperation in cross-border renminbi (RMB) business and to support the long-term development of the city's