BUSINESS >>Eye on The Economy

Trump visit to China offers test of mutual opening up, willingness to negotiate

Representatives from about 40 companies have reportedly been selected to accompany US President Donald Trump on his first visit as president to Beijing next month and sign deals for billions ...
Source: Global Times | 2017/10/30 22:08:41

Smartphone boom poised to change Indian economy as it has transformed China

India has overtaken the US as the second-largest smartphone market in the world behind China, India’s NDTV reported recently, citing a study by Canalys. It can be expected that growing ...
Source: Global Times | 2017/10/29 20:38:39

Airworthiness agreement with US is China’s ticket to entering global plane market

China’s domestically made passenger aircraft C919 took a step forward this month in entering the US market, following a bilateral airworthiness agreement that will support the reciprocal recognition of each ...
Source: Global Times | 2017/10/26 22:28:41

Anticipation for US-dollar sovereign debt issue shows rating agencies’ errors

The Chinese Ministry of Finance (MOF) has revealed plans for the sale of $2 billion in US dollar-denominated sovereign bonds in Hong Kong, the first issue of its kind in ...
Source: Global Times | 2017/10/25 22:33:39

Indian government faces difficult policy choices amid slowing economic growth

With an unexpectedly weak growth rate of 5.7 percent in the April-June period, India’s economy is at a critical crossroads. During this difficult time, determination to pursue reform expressed by ...
Source: Global Times | 2017/10/24 22:28:39

Tesla’s shift to Shanghai production signals unstoppable rise of China’s electric car sector

There has recently been renewed market speculation over Tesla’s effort to build cars in China, as the Wall Street Journal (WSJ) reported that the US premium electric-car maker has reached ...
Source: Global Times | 2017/10/23 22:18:39

Transition to 5G telecoms network offers China chance to shape global standards

As it makes strenuous efforts to develop mobile technology for the fifth-generation (5G) mobile network, China has an unprecedented opportunity to remake itself from a follower into a leading innovator ...
Source: Global Times | 2017/10/19 23:08:39

Xi’s speech to CPC Congress offers crucial insights into China’s direction, global role

The speech by General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping delivered Wednesday at the opening session of 19th CPC National Congress aroused heated discussion ...
Source: Global Times | 2017/10/18 22:33:39

Success in maintaining food security in China contributes to global economic stability

China’s grain production will likely remain above 600 million tons this year, news portal chinanews.com reported on Tuesday, citing estimates from the Ministry of Agriculture.
Source: Global Times | 2017/10/17 22:03:40

Surging household consumption gives new impetus to China’s economic growth

While analysts generally expect a decline in China’s GDP growth in the coming months, the country’s central bank governor has said that the economy will probably expand 7 percent in ...
Source: Global Times | 2017/10/16 21:38:40

Reducing trade with China, US represents just wishful thinking for South Korea

A senior South Korean official said last week that the country should reduce its trade reliance on the US and China, but that idea doesn’t seem to be feasible in ...
Source: Global Times | 2017/10/15 19:13:40

India has lessons to learn from China’s three-decade poverty reduction campaign

While China and India have both contributed substantially to the declining trend in global inequality in recent decades, inequality within both economies has increased sharply, the IMF said in a ...
Source: Global Times | 2017/10/12 21:03:40

Huawei wins patent battles against Samsung, but the larger technology ‘war’ goes on

The patent war between Chinese smartphone maker Huawei Technologies Co and its South Korean rival Samsung Electronics Co has been in the headlines again recently, after China’s State Intellectual Property ...
Source: Global Times | 2017/10/11 20:33:39

Failure to extend currency swap with China will have negative impact on South Korea

With the China-South Korea currency swap agreement scheduled to expire on Tuesday, it seems uncertain whether the deal will be extended given ongoing bilateral political tensions.
Source: Global Times | 2017/10/10 21:58:40

Chinese tourists’ spending patterns reshaping the face of the global travel sector

The eight-day National Day and Mid-Autumn Festival holidays in China, which ended on Sunday, led to an unprecedented boom in tourism, which not only boosted the economies of China and ...
Source: Global Times | 2017/10/9 20:58:39

Economics of US firearms industry serve as barrier to enforce tighter controls

A bipartisan effort in US Congress to ban the so-called bump stocks – a device that allow a semi-automatic rifle to fire like a fully automatic one – seems to ...
Source: Global Times | 2017/10/8 18:13:39

Capacity to learn key to avoiding old mistakes in China’s new sectors, achieving national goals

While it is no secret that China is troubled by overcapacity in such traditional industries as steel and aluminum, it is unusual to see a US official warning of threat ...
Source: Global Times | 2017/9/28 22:18:40

China’s economic achievements offer lessons in reform, opening up as India faces slowdown

Malaysia and Hong Kong “are proving to be the biggest growth surprises in Asia” this year while India received the steepest downgrade among major economies in the Asian Development Bank’s ...
Source: Global Times | 2017/9/27 22:58:40