BUSINESS >>Eye on The Economy

Revived Beijing-Tokyo currency swap could be key to ending US dollar's domination

A currency swap line between China and Japan, which may be agreed on during Japanese Prime Minister Shinzo Abe's visit to Beijing later this week, would be a much-needed move ...
Source: Global Times | 2018/10/21 20:18:40

Bilateral FTAs can be Beijing's opportunity in new era of multipolar trade world

US trade policy is at a crossroads as the Trump administration shifts its focus to advancing bilateral free trade agreements (FTAs). This can be a good chance for Beijing to ...
Source: Global Times | 2018/10/18 22:13:40

Problems of Japan-backed railway in India can provide lessons for BRI-related projects

Infrastructure is a major driver of the development of the Indian economy. The country's infrastructure spending is expected to accelerate between 2018 and 2022, making the sector a giant cake ...
Source: Global Times | 2018/10/17 21:48:41

US may prefer blitzkrieg strategy, but China will prepare for long conflict

The US government's big budget deficit is a fiscal iceberg that carries an ever-increasing risk of economic uncertainty, and it signals that Washington's deficit spending and economic policies are unsustainable.
Source: Global Times | 2018/10/16 22:38:40

Western countries must learn to respect SOEs' role in China's economic system

Western countries and emerging economies should accord neutral treatment to China's State-owned enterprises (SOEs) to give those SOEs the same footing as private-sector rivals in global markets.
Source: Global Times | 2018/10/15 22:33:41

US can't easily unseat Chinese manufacturers from position in global value chain

The US wants to include a provision to deter currency manipulation in future trade deals, Reuters reported over the weekend, citing US Treasury Secretary Steven Mnuchin. With “America First” as ...
Source: Global Times | 2018/10/14 21:53:40

Stock plunge shows need for unconventional moves to shore up A-share investor confidence

Following the stock market rout in the US on Wednesday, stocks listed on the Chinese mainland plunged Thursday, with the benchmark Shanghai Composite Index breaking below 2,600 points in afternoon ...
Source: Global Times | 2018/10/11 19:18:40

Trade dispute can be unexpected opportunity for fresh thinking about China's innovation drive

Total spending on research and development (R&D) in China hit 1.76 trillion yuan ($254 billion) in 2017, up 12.3 percent from a year earlier, official data showed. The figure was ...
Source: Global Times | 2018/10/10 22:03:42

Yuan depreciation underscores Beijing's insistence on market-driven reform, further opening-up

Recent yuan moves, essentially determined by the market, are within a controllable range. China could simply tune out the noise of the US' customary threat to name China as a ...
Source: Global Times | 2018/10/9 21:33:39

Beijing needs proactive stimulus policies to shield economy from worst of trade war

China is in a critical period of stabilizing its economy. One decade after the global financial crisis, the Chinese economy is again facing uncertainty and challenges under internal and external ...
Source: Global Times | 2018/10/8 22:28:39

Beijing must make its concerns heard at B20 after proposal runs contrary to nation's interests

Chinese business circles are resolutely opposed to the report of policy proposals from the B20 summit 2018 held in Buenos Aires, saying the summit one-sidedly singled out certain topics including ...
Source: Global Times | 2018/10/7 21:48:39

Suspicion of China's aims won't help Africa develop

The 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), held from September 3-4, issued two important documents. The declaration and action plan not only reflect China's major role ...
Source: Global Times | 2018/10/1 15:03:45

China, emerging countries won't sacrifice their interests for sake of WTO reform

The US, Japan and EU have agreed to co-sponsor a proposal that would bring changes to the WTO, Reuters has reported, and EU trade officials will travel to Beijing next ...
Source: Global Times | 2018/9/28 22:28:40

Better environment for foreign enterprises can be Beijing's bargaining chip in trade row

In the midst of an escalating trade conflict with the US, a key issue China faces is how to maintain its status as a favored destination for foreign direct investment ...
Source: Global Times | 2018/9/27 22:43:40

Asian purchasing power is 'strategic weapon' in trade war

This is a testing time of uncertainty and change amid escalating trade friction, but if Asian economies can improve their connectivity, they can unleash market vitality and ease the regional ...
Source: Global Times | 2018/9/26 21:33:41

BRI-based cooperation with Europe can open opportunities in third-country markets

China's Belt and Road initiative (BRI) is often denounced by Western media outlets as a Chinese “debt trap,” but bustling ports from Southeast Asia to Europe provide good examples of ...
Source: Global Times | 2018/9/25 22:13:40

China can turn adversity of US trade war into spur for industrial upgrading, modernization

US President Donald Trump's latest round of tariffs on China, which took effect on Monday, brings the amount of Chinese goods hit by US protective duties to about $250 billion, ...
Source: Global Times | 2018/9/24 21:13:40

Trade conflict backfiring on US workers as overseas investors start to look elsewhere

The founder of Chinese e-commerce giant Alibaba, Jack Ma Yun, has abandoned a promise to create 1 million jobs in the US. His move is just the beginning of bigger-than-estimated ...
Source: Global Times | 2018/9/20 22:23:40