BUSINESS >>Eye on The Economy

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

Energy cooperation an area where Beijing, Washington can work together for mutual gains

Despite uncertainties over policy affecting high-technology fields, China and the US are likely to see tangible results in energy trade during US President Donald Trump's November 8 to 10 state ...
Source: Global Times | 2017/11/2 22:28:40

Expanding US trade with India will face market barriers, underdeveloped conditions

US President Donald Trump is reportedly scheduled to meet Indian Prime Minister Narendra Modi ahead of the East Asia Summit in Manila, although the former will skip India during his ...
Source: Global Times | 2017/11/1 21:33:39

Moutai shares' spectacular rise doesn't reflect full reality of China's changing economy

Shares in Shanghai-listed Kweichow Moutai Co, China's top liquor brand, have more than tripled since August 2015, rising from 166.2 yuan ($25.08) to a closing price on Tuesday of 618.03 ...
Source: Global Times | 2017/10/31 22:48:39

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