BUSINESS >>Eye on The Economy

India's radical demonetization reform the wrong means to achieve long-term goals

While India's abrupt demonetization of high-value banknotes in November 2016 appears to have failed to achieve the intended objective of eliminating black money, the move did have some positive impact ...
Source: Global Times | 2017/11/28 23:18:39

Child abuse cases cast harsh light on private provision of public services in China

Recent news of alleged child abuse in kindergartens and daycare centers has shocked China and sparked public outrage, begging the question of whether private capital can be trustworthy in providing ...
Source: Global Times | 2017/11/27 22:03:40

Bicycle-sharing failures underscore need for increased regulatory control in China

As China's bicycle-sharing boom appears to have ground to a halt, it has become especially urgent for Chinese financial regulators to keep a closer eye on the sharing sector.
Source: Global Times | 2017/11/26 22:18:39

Increasing travel can be 'glue' that binds Chinese, Cambodian people closer together

Tourism is a core industry for Cambodia's economy, which is expected to expand 6.8 percent this year. With the tourism boom, Chinese investment is likely to inject new momentum for ...
Source: Global Times | 2017/11/23 22:48:40

India needn't be overly sensitive to Tibet's plan to develop hydropower resources

China has recently dammed a river in Southwest China's Tibet Autonomous Region for the construction of the Suwalong hydropower station, the first hydropower project investment that will push forward a ...
Source: Global Times | 2017/11/22 23:13:39

Critics overlook economic benefits to Africa of China's support base in Djibouti

The Chinese People's Liberation Army's support base in Djibouti has once again sparked concern over Beijing's military buildup, and the state visit of Djibouti President Ismail Omar Guelleh to China, ...
Source: Global Times | 2017/11/21 22:33:39

Early delivery of RCEP could increase demand for new port facilities in Asia-Pacific

As Southeast Asian countries engage in fierce competition for investment in port construction, issues such as excessive infrastructure construction deserve attention.
Source: Global Times | 2017/11/20 22:18:40

China-Europe cargo trains can build links along regional markets, promote B&R

As more cargo trains link China and Europe, more efforts are needed to transform the transcontinental cargo trail into a new platform for Europe's commodities to reach the world along ...
Source: Global Times | 2017/11/19 22:38:40

Relations with Philippines offer fertile ground for cooperation, joint economic benefit

The Sino-Philippine relationship has entered a new stage of mutual benefit, with fruitful results achieved in pragmatic cooperation in multiple fields.
Source: Global Times | 2017/11/16 23:18:39

Turmoil in Zimbabwe shows overseas investment risks require closer scrutiny

Explosions were reportedly heard on Wednesday in Harare, capital of Zimbabwe, with soldiers blocking main roads in the city and taking over the headquarters of the state broadcaster. Amid the ...
Source: Global Times | 2017/11/16 0:38:39

Foreign firms need to adjust themselves to suit China's new round of opening up

China's opening-up policies are entering a new stage as the government has just announced it would relax a broad range of limits on foreign ownership in multiple sectors.
Source: Global Times | 2017/11/14 21:53:41

Renovation of India's railway system must be guided by market needs, principles

With work about to start on India's first bullet train project linking Mumbai and Ahmedabad, the country is set to take a great leap in rail infrastructure in the years ...
Source: Global Times | 2017/11/13 22:46:17

TPP goes ahead in principle, but faces big challenges without US participation

While trade ministers of the 11 countries that remain in the Trans-Pacific Partnership (TPP) agreed on Friday to push ahead with the free-trade pact without the US, it will still ...
Source: Global Times | 2017/11/12 19:03:39

India's economic reforms should cater to small businesses

Tuesday was the eve of the first anniversary of India's demonetization drive, with former prime minister Manmohan Singh delivering a harsh rebuke of the controversial initiative.
Source: Global Times | 2017/11/9 22:08:39

Shoppers' enthusiasm for e-commerce grows in Southeast Asia, but barriers remain

With China about to be gripped by its annual online shopping frenzy on Saturday, some observers may wonder if the same scenario will play out in Southeast Asia, where is ...
Source: Global Times | 2017/11/8 22:28:39

Cooperation between China, India can improve prospects for Sri Lankan economy

Recent moves by China to improve the infrastructure in South Asia have resulted in India following in its footsteps. In theory, this is a good thing for local economies, but ...
Source: Global Times | 2017/11/8 0:23:39

Proposed electricity super grid can bring real connectivity to Asian economies

The plan for a massive energy “super grid” crossing several countries in Asia has been given a boost after receiving an endorsement from the head of South Korea's state-run power ...
Source: Global Times | 2017/11/6 23:33:39

Despite controversy, China's expanding presence in Africa aids continent's growth

China's increasing presence in Africa has not been without controversy. Last week, West Africa's Cote d'Ivoire completed the installation of its largest hydropower station, which was financed by a low-interest ...
Source: Global Times | 2017/11/5 21:43:40