BIZ >> Expert assessment

Divergences rise in macro-policy amid trade battle

With the recent cut to banks' reserve requirement ratio, China seems to have de-pegged its monetary policy from that of the US. Central banks of the two countries are now giving more emphasis to their policy independence instead of coordination.
Source: Global Times | 2018/10/17 21:48:40

Progress on BCIM may change India's attitude

While the Bangladesh-China-India-Myanmar Economic Corridor (BCIM) has seen significant progress under the impetus of the Belt and Road initiative (BRI) since 2013, its construction has been held back by misunderstandings and misjudgment on the Indian side.
Source: Global Times | 2018/10/16 22:28:40

Dollar bonds show confidence in Chinese economy

On Thursday, China successfully issued $3 billion in sovereign dollar bonds, attracting the attention of the international financial market. The Chinese Ministry of Finance issued $1.5 billion worth of five-year notes with nominal interest rate at 3.25 percent, $1 billion in 10-year notes at 3.5 percent, and $500 million in 30-year bonds at 4 percent in the Hong Kong Special Administrative Region.
Source: Global Times | 2018/10/16 21:53:42

Mutual need can drive China-Japan industry teamwork

At the invitation of Premier Li Keqiang, Japanese Prime Minister Shinzo Abe is scheduled to pay an official visit to China from October 25-27. As the trip comes amid the escalating trade row between China and the US, it could be seen as an opportunity for China to strengthen economic and trade ties with another major economy so as to preserve its position in the global value chain.
Source: Global Times | 2018/10/15 22:18:39

As US closes up, EU and China must build closer ties

As the world struggles to deal with an aggressive US administration that is only interested in its “America First” motto and a protectionist agenda, there is debate about how to find the right way ahead for the next three years at least.
Source: Global Times | 2018/10/14 18:23:39

Deepening reform only path for China's rise

With the Sino-US trade war escalating, a detailed analysis of the US tariff lists could enable rational judgments about China's position in the trade row.
Source: Global Times | 2018/10/11 19:33:40

Chinese central bank should prepare more powerful policy tools

On October 7, the last day of the week-long National Day holidays, the People's Bank of China (PBC), the central bank, said it would cut the reserve requirement ratio (RRR) for some lenders by 100 basis points, effective October 15.
Source: Global Times | 2018/10/10 22:13:41

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 in promoting the development of the African continent but also show its promise of the “five no” approach to Africa, including no interference in African countries' pursuit of development paths and no interference in African countries' internal affairs.
Source: Global Times | 2018/10/9 21:38:39

China's economic policy won't be dictated by the US

Besieged by an unprecedented trade war launched by the administration of US President Donald Trump, both the US and China stand to lose, economists predict, depending on when the two governments in Washington and Beijing come back to the negotiating table and seal a deal.
Source: Global Times | 2018/10/8 18:58:40

Housing costs key constraint to Chinese consumption

On September 20, the Chinese government released new guidelines to support domestic consumption. The measures in the guidelines aim to create a secure consumption environment with better quality standards, credit systems and rental housing markets. With those measures, the country hopes to drive up domestic demand and stimulate consumption.
Source: Global Times | 2018/10/7 20:38:39

Japan's economic recovery to help offset trade tension

There are increasing signs that Japan's economy is gradually recovering from its longstanding weakness, which could be a sea change for a country that has suffered "two lost decades."
Source: Global Times | 2018/10/3 15:17:01

Chinese aid helps Africa's independent development

The Development Assistance Committee (DAC) of the Organization for Economic Co-operation and Development (OECD) has always emphasized the leading role of recipient countries in aid projects. But the passive status of recipient countries has persisted.
Source: Global Times | 2018/9/28 22:28:40

Public confident in Chinese economy amid trade war

The trade row between the US and China escalated as the Trump administration imposed new 10 percent tariffs on $200 billion of Chinese imports, effective Monday. From the new year, this round of US tariffs will be increased to 25 percent.
Source: Global Times | 2018/9/27 22:38:40

Value of China's market can help it win trade war

The trade war between China and the US has escalated again after the US government announced additional 10 percent tariffs on another $200 billion worth of Chinese goods, followed by China's retaliatory tariff increases on $60 billion worth of US imports. Most observers believe the dispute will deepen if neither side makes any concessions.
Source: Global Times | 2018/9/26 21:33:40

US tax cut overall may restructure global industry

While tariffs and a trade war could be seen as US President Donald Trump's extreme means of putting pressure on the world to fulfill his promise of “making America great again,” this begs a bigger question. Will his tax cut – the largest overhaul of the US tax code in three decades – generate a “siphon effect,” drawing industry and capital to the US and restructuring the global allocation of economic resources?
Source: Global Times | 2018/9/25 22:13:39

Europe must redefine partners amid trade tensions

Time after time, countries, companies and people face challenges. There are many different approaches to each problem, and there's no precise formula for success. However, resilience to adversity determines who we are.
Source: Global Times | 2018/9/24 21:13:39

Asia crisis lessons relevant for today's challenges

The Asian financial crisis, which swept through the region two decades ago, had many consequences – currency devaluations, high inflation rates, bursting bubbles and economic downturns. As one of the leading figures behind China's economic affairs at that time, then premier Zhu Rongji adopted appropriate macro-control policies and proactive responses to protect the Chinese financial sector and economy from the crisis' impact.
Source: Global Times | 2018/9/20 19:58:40

Why soybeans are a proxy for US-China trade war?

Soybeans have hit the headlines after being caught up in the China-US trade dispute. The tit-for-tat tariffs imposed by the two economic powerhouses have sent US soybean prices plunging to near 10-year lows, creating issues for producers and importers alike.
Source: Global Times | 2018/9/19 22:18:42