BUSINESS >>Eye on The Economy

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

Why can’t Chinese stocks match the outstanding 2017 performance of Indian equities?

After India’s stock market hit record highs on Tuesday, Chinese social media was awash with intensive discussions, as many wondered why China’s A-share market has performed not so good as ...
Source: Global Times | 2017/7/26 20:28:39

Taobao win in landmark counterfeit case showcases China’s battle against fakes

Alibaba’s Taobao website has won a landmark online counterfeiting case against a vendor selling fake cat food on the hugely popular Chinese e-commerce platform, a positive development in the country’s ...
Source: Global Times | 2017/7/25 20:08:39

Deflating ChiNext bubbles only way to reveal true state of corporate financial health

The price earnings ratio of the ChiNext, China’s NASDAQ-style board tailored for innovative and high-tech companies, is reportedly about to fall below that of the NASDAQ Composite Index for the ...
Source: Global Times | 2017/7/24 19:58:40

Tencent’s new data center points to future globalization approach of Chinese firms

Chinese companies’ global ambitions were in the headlines again last week when Tencent Cloud, a cloud service venture under Internet giant Tencent Holdings, opened a data center in Frankfurt, Germany. ...
Source: Global Times | 2017/7/23 18:43:39

China, India must prevent border tensions from blocking progress toward RCEP

Hundreds of officials from 16 nations are set to address a gathering in Hyderabad, India next week where they will meet to negotiate an Asia-centered trade deal called the Regional ...
Source: Global Times | 2017/7/20 20:58:39

Taming expansion of lending by shadow credit system is key to China’s economic reforms

While new estimates from Swiss bank UBS point to weakening shadow lending activities amid supervisory tightening in China, concerns over massive amounts of shadow credit are keeping market observers on ...
Source: Global Times | 2017/7/19 21:18:39

Pursuing financial, economic reform while preserving growth a tricky balancing act

In recent days, it seems that there has been a negative correlation between China’s economic indicators and the performance of stocks listed on the Chinese mainland. That divergence signals tricky ...
Source: Global Times | 2017/7/18 22:23:39

Curbing financial risk essential to promote internationalization process of yuan

Amid growing criticism of China’s financial vulnerabilities, a major policy meeting this weekend mainly focused on curbing financial risk, a decision that is widely expected to set the scene for ...
Source: Global Times | 2017/7/17 19:53:40

Concrete results emerge from Sino-US 100-day action plan with huge food deal

With the Sino-US 100-day economic action plan near its end, a Chinese delegation last week signed the second-largest purchase deal ever for US soybeans, another outcome of the bilateral trade ...
Source: Global Times | 2017/7/16 20:48:39

Mongolia should not let nationalism blind it to importance of relationship with China

The lingering nationalist sentiment in Mongolia is not a cure for the country’s economic woes. As economic globalization continues to develop, Mongolia cannot sit on the sidelines. The nation should ...
Source: Global Times | 2017/7/13 22:28:39

Nepal set to escape reliance on inadequate Indian Internet as Chinese option arrives

Internet services from China will reportedly soon be available in Nepal, ending India’s bandwidth supply monopoly in the country. This is set to be a great boon to the South ...
Source: Global Times | 2017/7/13 0:33:39