BUSINESS >>Eye on The Economy

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

Improvements in Xinjiang show China's development best steered by own citizens

Tourism in Northwest China's Xinjiang Uyghur Autonomous Region is showing signs of recovery as local authorities stress stability and combat terrorism.
Source: Global Times | 2018/9/19 22:23:41

Trade conflict with US offers chance to further globalize Chinese financial markets

German-based industrial machinery maker KraussMaffei Group is scheduled to list in the Shanghai Stock Exchange by the end of the year, German magazine Euro am Sonntag reported. If listed, KraussMaffei ...
Source: Global Times | 2018/9/18 23:38:40

Financial opening-up can help Beijing reform international system as world economy seeks direction

The Chinese mainland has further opened its stock market by allowing more overseas individual investors to open A-share accounts. Although the China-US trade dispute has further escalated as both sides ...
Source: Global Times | 2018/9/17 22:08:39

India's exclusion of Huawei, ZTE will hurt bilateral technological cooperation, investment

Chinese telecom equipment makers can't passively accept their exclusion by India from its 5G trials, a move that is likely to result in a retrogression of bilateral technology cooperation.
Source: Global Times | 2018/9/16 22:13:40

US fiscal and government debt woes fuelling fears of the making of new financial crisis

Ten years after the global financial crisis ignited by Wall Street giants, the US' worsening fiscal outlook and mounting government debt are fueling fears of a new crisis that could ...
Source: Global Times | 2018/9/13 22:43:40

Arctic shipping routes can further warm China-Russia cooperation, technological development

China has launched its first domestically built icebreaking vessel named Xuelong 2, reflecting its determination to strengthen its research and exploration in the Arctic region.
Source: Global Times | 2018/9/12 22:43:41

China-Russia technological cooperation can help avert impact amid trade tensions with US

The Russia-China Investment Fund (RCIF) and China's Tus-Holdings have announced joint investment plans focusing on developing technology, which “would see $1.28 billion investment in the Russian Tushino Project Technology Park,” ...
Source: Global Times | 2018/9/11 22:33:42

Apple must work with Chinese authorities to promote common interests as trade conflict intensifies

With Apple's September 12 event approaching fast, the tech giant has found itself in the spotlight. Shares of some Chinese mainland Apple suppliers fell on Monday after US President Donald ...
Source: Global Times | 2018/9/10 21:58:40