BUSINESS >>Eye on The Economy

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 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

Failure to extend currency swap with China will have negative impact on South Korea

With the China-South Korea currency swap agreement scheduled to expire on Tuesday, it seems uncertain whether the deal will be extended given ongoing bilateral political tensions.
Source: Global Times | 2017/10/10 21:58:40

Chinese tourists' spending patterns reshaping the face of the global travel sector

The eight-day National Day and Mid-Autumn Festival holidays in China, which ended on Sunday, led to an unprecedented boom in tourism, which not only boosted the economies of China and ...
Source: Global Times | 2017/10/9 20:58:39

Economics of US firearms industry serve as barrier to enforce tighter controls

A bipartisan effort in US Congress to ban the so-called bump stocks – a device that allow a semi-automatic rifle to fire like a fully automatic one – seems to ...
Source: Global Times | 2017/10/8 18:13:39

Capacity to learn key to avoiding old mistakes in China's new sectors, achieving national goals

While it is no secret that China is troubled by overcapacity in such traditional industries as steel and aluminum, it is unusual to see a US official warning of threat ...
Source: Global Times | 2017/9/28 22:18:40

China's economic achievements offer lessons in reform, opening up as India faces slowdown

Malaysia and Hong Kong “are proving to be the biggest growth surprises in Asia” this year while India received the steepest downgrade among major economies in the Asian Development Bank's ...
Source: Global Times | 2017/9/27 22:58:40

Action needed as Chinese buyers drive up housing prices in Southeast Asian countries

Property investors from the Chinese mainland are shifting their sights to Southeast Asia, a development that may have negative implications for the economies in that region, so tougher regulations are ...
Source: Global Times | 2017/9/26 20:18:39

Merkel manufactures victory by focusing on retaining, modernizing industrial sector

While many talk excitedly about how Angela Merkel's reassuring image played a central role in the German election, less attention was paid to the economic logic behind Merkel's re-election as ...
Source: Global Times | 2017/9/25 22:23:18

Influence of Washington should never be overlooked in Sino-Indian relationship

India is committed to strengthening its partnership with Afghanistan by taking up 116 “high-impact community developmental projects” in the country. The move came after US President Donald Trump in August ...
Source: Global Times | 2017/9/24 21:50:13

Rise of retail industry in India can draw on experience of China consumer sector

India has replaced China as the top retail investment destination, the Hindustan Times reported recently, citing AT Kearney partner Subhendu Roy. This is not necessarily a bad thing, if the ...
Source: Global Times | 2017/9/21 22:23:39

Karot Hydropower Project could generate wide range of benefits for China, India and Pakistan

China is racing to complete the Karot Hydropower Project in Pakistan-occupied Kashmir (POK) ahead of schedule, Bloomberg News reported recently. China is likely to maintain its neutral stance on the ...
Source: Global Times | 2017/9/20 22:38:40

Foreign competition can help Chinese financial institutions expand, develop

The People's Bank of China (PBC), the nation's central bank, “is drafting a package of reforms that would give foreign investors greater access to the nation's financial services industry,” Bloomberg ...
Source: Global Times | 2017/9/19 21:48:39

Paying for foreign technology talent will yield breakthroughs, benefits for China

“I have no regrets, even if my former colleagues call me a traitor,” an engineer who used to work at Japanese electronics company NEC Corp before joining an unidentified Chinese ...
Source: Global Times | 2017/9/18 21:53:40