BIZ >> Expert assessment

ICT lifts China to become global trendsetter

The red-hot expansion of the high-speed broadband network in China since 2012 has enabled the country to power ahead in global industrial digitalization and business model modernization, giving birth to a huge “digital-savvy population” and helping China take up a clear lead in ICT development.
Source: Global Times | 2018/4/12 21:38:42

West's ODA leaves Africa weak, underdeveloped

Official Development Assistance (ODA) was designed to provide development resources including capital and technology to less-developed areas. Since World War II, Western donor countries have provided considerable amounts of aid for Sub-Saharan Africa. But we have not seen many examples, if any, of escaping the trap of poverty with these flows of ODA.
Source: Global Times | 2018/4/11 22:58:44

US can't cite China's 'economic aggression' in LatAm

Acting on behalf of US President Donald Trump, Vice President Mike Pence will travel this week to South America, after Trump cancelled his planned visit to deal with issues in Syria.
Source: Global Times | 2018/4/10 22:13:40

Trump's protectionism will dent confidence in US

US-China trade friction will not cause capital flight from China. On the contrary, investors know how the friction has arisen and they have a clear view on where it is going. The wise will put their money on China instead of the US.
Source: Global Times | 2018/4/9 22:48:39

Wall Street, right-wing policies a blind spot for US

In the past, we also suggested China should pay back part of the trade deficit to the US market through industrial investment, by using the capital account to balance the current account.
Source: Global Times | 2018/4/8 21:18:40

Chinese firms need new, broader definition of CSR

As China is entering a new economic era that will focus on high-quality production, technological innovation and social wellbeing, questions have arisen as to how State-owned enterprises (SOEs), corporate leaders and entrepreneurs can be part of the new drive.
Source: Global Times | 2018/4/5 14:18:17

More work needed for China's rise in industrial world

Since reform and opening-up began in 1978, China's industrialization has accelerated and taken off, growing at an extraordinary pace. Some observers believe the country has reached the middle-to-late phase of industrialization. But I would argue, more cautiously, that the nation remains in the middle phase of industrialization.
Source: Global Times | 2018/4/3 21:33:39

Cooperation should set the course for China-US ties

US President Donald Trump has signed a memorandum to impose tariffs on up to $60 billion in Chinese products and restrict mergers and acquisitions by Chinese companies. This move has triggered strong reactions among global financial markets.
Source: Global Times | 2018/4/2 21:48:39

India destined to participate in the B&R initiative

The attitude of India toward the Belt and Road (B&R) initiative has been making headlines. Although doubts remain, I believe that India will participate sooner or later, because for India, the advantages of being an active participant far outweigh the disadvantages.
Source: Global Times | 2018/4/1 21:58:40

'Petroyuan' to propel currency internationalization

The Shanghai debut of China's first yuan-denominated crude futures trading market on Monday proved a great success, with major domestic and foreign traders displaying active interest. Total turnover amounted to 18.3 billion yuan ($2.9 billion) on the first trading day.
Source: Global Times | 2018/3/29 21:43:41

Crude oil futures another step toward a global yuan

A special moment came at 9am on Monday morning when the Chinese version of crude oil futures began trading in China. The Shanghai International Energy Exchange has drawn global attention with this move.
Source: Global Times | 2018/3/28 21:48:40

Sino-US trade war may be protracted battle of attrition

The story of the farmer and the viper is well-known. The freezing viper betrayed the kind farmer by biting him. Now the world is witnessing a modern version of this story. Recently, the US government set forth a “precision strike” against China, imposing tariffs on Chinese products. After announcing exemptions for its traditional allies, the punitive policies stayed in force for China.
Source: Global Times | 2018/3/27 23:03:41

Insurance can make financing of B&R projects safer

Recent research has found that only 10 percent to 20 percent of Belt and Road (B&R) initiative projects can be smoothly financed. However, if insurance is involved in the early stages, financing and work on a project itself can go faster. In this case, insurance plays a role as a capital provider, although this role is often overlooked.
Source: Global Times | 2018/3/26 22:48:39

Loans benefit Africa without onerous conditions

Chinese loans to Africa have been growing in recent decades, and they become a focus especially after Rex Tillerson, former US secretary of state, said during a trip to Africa that the loans increase the continent's indebtedness.
Source: Global Times | 2018/3/25 22:36:53

China has various options for hitting back at US on trade

US President Donald Trump has threatened to impose tariffs on imports from various countries, but has granted Canada, Mexico and Australia immunity. The tariff order also allows any country with a security relationship with the US to hold discussions, with the possibility of further exemptions. But Trump has been more and more aggressive in his trade measures toward China.
Source: Global Times | 2018/3/22 21:53:40

Dubious petro plan may be Venezuela's only option

In December 2017, the US branch of Chinese oil and gas firm Sinopec sued the Venezuelan state-owned oil company PDVSA and a settlement was reached in the same month. PDVSA agreed to pay $21.5 million in two installments, but it will take a long time to recover the huge amount of loans China provided for various infrastructure projects. What makes it worse is that oil production in Venezuela has plunged to a 28-year low because of a lack of investment in oilfields. The oil shipped to China has also been decreasing. The idea of paying back the loans with oil has become less realistic.
Source: Global Times | 2018/3/21 22:08:41

China-India trade can be bridge against protectionism

A long military standoff at Doklam between June and August and other continuing irritations were seen as defining the nature of China-India relations during 2017. However, Chinese customs figures reveal how positive countercurrents had been wafting all along without being noticed.
Source: Global Times | 2018/3/20 23:38:39

China needs to invest more in supercomputer race

This year or next, China may lose its global supercomputer leadership, and how to respond will be a challenge. Wu Lixin, an academician of the Chinese Academy of Sciences and a deputy to the 13th National People's Congress, expressed this concern during this year's two sessions.
Source: Global Times | 2018/3/19 20:43:39