BUSINESS >>Eye on The Economy

Divergent stock performances show US-China trade war headed for unexpected ending

US shares tumbled again on Wednesday, wiping out the Dow and S&P 500's gains for the year. The stock market's performance is perhaps an omen that the US economy is ...
Source: Global Times | 2018/10/25 23:18:41

Technological innovation is Chinese industry's best response to US trade protectionism

China must be prepared for a protracted trade conflict with the US, and Beijing needs a long-term plan to deal with the possible withdrawal of foreign investment.
Source: Global Times | 2018/10/24 21:58:41

Cooperation, not competition, can help Tokyo, Beijing blunt impact of US trade protectionism

The Trump administration's protectionist trade policy has created an opportunity for China and Japan to rethink their economic relationship. The first formal bilateral summit between their leaders in seven years ...
Source: Global Times | 2018/10/23 22:33:40

The ongoing recovery of tourism in Northwest China's Xinjiang Uyghur Autonomous Region has created huge demand for Putonghua-speaking staff in tourism-related sectors. The skills that people have acquired in vocational ...
Source: Global Times | 2018/10/22 22:33:39

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