BUSINESS >>Eye on The Economy

Unruly and unregulated, nation’s Internet finance sector urgently needs supervision

Many say that winter is coming for China’s Internet finance sector as the National Financial Work Conference in July emphasized strengthening supervision over the sector.
Source: Global Times | 2017/8/21 18:48:39

Trade didn’t lead to North Korea’s nuclear arms program; sanctions won’t stop it

With Chinese traders along the border with North Korea suffering severe losses, China has been taking almost all the responsibility for the new economic sanctions the UN Security Council imposed ...
Source: Global Times | 2017/8/20 18:48:39

Enthusiasm for Ejiao can lead to opportunities for donkey-skin exporting countries

Millions of donkeys are killed every year around the world to satisfy demand from China, where their skins are used to make traditional medicine, sparking concerns over a decline in ...
Source: Global Times | 2017/8/17 22:08:39

IT import review by India yet another step in the wrong direction for bilateral ties

The Indian government has started a review of information technology (IT) imports from China, the Times of India reported on Wednesday, citing security and data leakage concerns amid an ongoing ...
Source: Global Times | 2017/8/16 22:08:39

Kweichow’s stellar stock market run signals success of nation’s economic transition

Shares of China’s famed premium liquor maker Kweichow Moutai hit an all-time high of 501.1 yuan ($75.05) in Tuesday trading, cementing its position as the most expensive stock in the ...
Source: Global Times | 2017/8/15 23:08:39

China should offer more generous aid to Nepal amid Sino-Indian border dispute

Chinese Vice Premier Wang Yang’s official visit to Nepal, which runs from Monday to Thursday, has put the Himalayan country under the spotlight, given the ongoing border standoff between China ...
Source: Global Times | 2017/8/14 22:48:39

India’s ill-considered move on anti-dumping duties risks igniting trade war with China

A trade war between China and India seems to be looming after the latter moved last Wednesday to impose anti-dumping duties on 93 products from China. Now Chinese companies must ...
Source: Global Times | 2017/8/13 20:03:39

Made-in-India products likely to catch up with Chinese goods in the next 10 years

India has become a rising star in the world’s manufacturing arena, largely thanks to its cheap labor and potential new consumers, but it should be noted that Indian goods — ...
Source: Global Times | 2017/8/10 22:58:40

Asian markets should guard against Washington’s unilateral sanctions on Pyongyang

More than 170,000 residents of Guam were shocked to wake up on Wednesday to the news that they might be affected by the US-North Korea conflict. Investors across the Asia-Pacific ...
Source: Global Times | 2017/8/9 22:08:39

Deteriorating situation in Venezuela serves as warning for overseas investment

The continually worsening social and economic conditions in Venezuela have reinforced fears that the oil-rich country, once the wealthiest in Latin America, could be on the verge of a civil ...
Source: Global Times | 2017/8/8 22:08:39

KFC’s track record of success in mainland consumer market confirms wisdom of reform, opening-up

It has been nearly three decades since US-based fast food chain Kentucky Fried Chicken (KFC) entered the Chinese mainland market. The story of its development in China reflects not only ...
Source: Global Times | 2017/8/7 21:53:39

Aggressive economic, tax reform may be hurting India’s performance in short term

It comes as no surprise that Indian business activity contracted sharply after the implementation of a new national tax in July. Questions are being raised about whether the country’s reform ...
Source: Global Times | 2017/8/6 20:23:39

Transparency, managerial accountability can help cure problem of SOEs’ overseas losses

A guideline that took effect on Tuesday governing outbound investment by State-owned enterprises (SOEs) is likely the start, not the end, of a new campaign to clamp down on financial ...
Source: Global Times | 2017/8/3 20:13:39

Legalizing foreign household staff can improve quality of labor for Chinese families

Although it’s not legal for households on the Chinese mainland to hire foreign nationals for domestic household service work, Filipino maids are known by many Chinese people for their professionalism. ...
Source: Global Times | 2017/8/2 22:03:39

India-Japan growth corridor may mean division, not connectivity for Asia, Africa

Some who seek to sow discord have described the Asia Africa Growth Corridor (AAGC) – a connectivity project jointly forged by India and Japan – as an oppositional vision intended ...
Source: Global Times | 2017/8/1 22:33:39

Protectionism against Chinese manufactured products will only boomerang on Indian industry

The list of Chinese products covered by India’s trade remedy investigations is getting ever longer, expanding from garments, glass, minerals and other low-end items to advanced products such as new ...
Source: Global Times | 2017/7/31 20:03:39

Departure of advanced manufacturers sends warning to Shenzhen and the nation

An investigation has found that Shenzhen, South China’s Guangdong Province, isn’t just losing low-end factories, it’s also losing advanced manufacturers, a warning of a hollowing out of the local industrial ...
Source: Global Times | 2017/7/30 18:23:39

Helping Russia cope with impact of proposed US sanctions can benefit all parties

For China, it is worth considering providing assistance to Russia, which faces potential fresh sanctions from the US. Earlier this week, the US House of Representatives voted to impose further ...
Source: Global Times | 2017/7/27 21:48:39