BIZ >> Expert assessment

China's coordinative development economics powers up economy, global governance

Chinese culture is tenacious enough to grow continuously and prosper due to its core value, coordination. With coordinative measures, China has pushed for progress and the evolution of history. Following the coordinative principle, the country has dealt with many historical issues and built up a foundation for modernization.
Source: Global Times | 2019/7/11 21:08:41

China's manufacturers and market take the lead to embrace green vehicles

Although overall car sales in China have waned in the past 10 months, electric vehicles (EVs) have picked up the slack, thanks to the government's steadfast efforts to spur consumption of green cars. The plan is to cut the country's heavy reliance on imported oil and to reduce petrol-fired vehicles' choking tail-gas emissions.
Source: Global Times | 2019/7/10 20:53:40

China's continuous hike of gold reserves demonstrates diversification efforts

China increased its gold reserves for the seventh month in June, taking its total reserves to 61.94 million ounces, up 330,000 ounces compared to the previous month, data from the central bank showed on Monday. As gold is considered to be a typical safe haven asset, China's gold purchases are generally seen as a strategic measure to hedge against risks and uncertainties related to the international payment environment and its own currency.
Source: Global Times | 2019/7/9 21:18:40

EU-Vietnam free trade agreement won't affect China's ties to its Southeast Asian neighbor

In recent years, Vietnam has signed bilateral and multilateral free trade agreements with a number of economies or economic unions. On June 30, the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement were officially inked in Hanoi, Vietnam's capital. Hanoi views the deal as an important milestone for its global trade.
Source: Global Times | 2019/7/8 20:23:39

Retail 'market downgrade' sends alarm signals amid increased e-commerce monopoly

Talk of a so-called “consumption downgrade” has emerged in China in recent years. It refers to a shift of consumer preference from luxury products to cheaper goods amid the economic slowdown. Chinese officials have generally denied such a phenomenon, but even if China is really undergoing a “consumption downgrade,” cutting down spending on luxury goods is just a normal response by people when facing a slowing economy.
Source: Global Times | 2019/7/7 20:38:44

Resilient Chinese economy eases anxieties brought by bleak world economic future

China's macroeconomy is at a critical stage as internal economic problems have emerged in the last two years. When we attempted to define the “new normal” of China's economy and chose the path to structural reform on the supply side, we failed to consider world economy changes.
Source: Global Times | 2019/7/4 20:03:40

Bumpy road ahead for Libra's global currency goal as supervision called for

Facebook's announcement regarding its global cryptocurrency Libra, to be launched in 2020, has recently sent shockwaves through the world. Regulators in the US and European countries have already said that there would be plenty of scrutiny over the new cryptocurrency.
Source: Global Times | 2019/7/3 22:18:40

FedEx lawsuit against Department of Commerce reveals US governance predicament

US carrier FedEx has filed a lawsuit against the US Department of Commerce (DOC) on June 24 to prevent the government from “enforcing prohibitions contained in the Export Administration Regulations (EAR) against FedEx,” according to an online company statement.
Source: Global Times | 2019/7/2 20:18:40

Countries need to engage in the digital economy and cyberspace through trust, cooperation

As our societies have stepped into the era of the information technological revolution, a few nations that were slow to embrace the revolution and the new political environment are now taking the lead in international relations so that they can avoid being sidelined this time.
Source: Global Times | 2019/7/1 20:36:42

Resilient economy gives China psychological upper hand in upcoming trade talks with US

The truce in a raging China-US trade war, following a meeting in Osaka between the heads of the world's two largest economies on Saturday, is a piece of news eagerly anticipated by many.
Source: Global Times | 2019/6/30 21:35:29

The US should give China a fair hearing and pay attention to damage brought by tariffs

At the G20 summit in Japan, the planned meeting between Chinese President Xi Jinping and US President Donald Trump on the sidelines has received considerable attention. This high-profile meeting may revive trade talks that reached an impasse in May, pinning high hopes for maneuvering a trade truce that could stave off a fresh round of tariffs.
Source: Global Times | 2019/6/27 22:33:40

Second Russia-India-China meeting aimed at concrete trade cooperation measures

China confirmed on Monday that Chinese President Xi Jinping will attend an informal meeting with leaders from Russia and India on the sidelines of the upcoming G20 summit in Osaka, Japan. According to media reports, it was during the Shanghai Cooperation Organisation (SCO) summit in Kyrgyzstan's capital, Bishkek that Indian Prime Minister Narendra Modi pitched the idea of the second Russia-India-China meeting to Russian President Vladimir Putin. Given the three countries' respective trade tensions with the US recently, the trilateral meeting will undoubtedly attract high attention during the Osaka G20 summit.
Source: Global Times | 2019/6/26 21:53:40

G20 Osaka summit could be game changer if China, Japan explore BRI possibilities

It seems the days when Japanese brands were hotly favored in the Chinese market are gone. However, tangible signs still exist of strong trade and investment ties between the two East Asian economies.
Source: Global Times | 2019/6/25 21:08:18

China cannot be absent from the era of global digital currency competition

Last week, Facebook released an official white paper for its cryptocurrency project Libra, a blockchain-powered stablecoin expected to arrive in 2020.
Source: Global Times | 2019/6/24 20:58:40

US should not bring confrontation to 5G technology that requires connectivity

There is currently a heated discussion within the international media and governments around the globe regarding the 5G network.
Source: Global Times | 2019/6/23 22:33:47

Trade tensions on multiple fronts set the stage for US economic recession

While the US economy is about to break the longest economic expansion record in its history, recession forecasts have quickly made the headlines in recent days amid the continuing trade war and the weakening global economy.
Source: Global Times | 2019/6/20 20:38:40

NPL ratios of China's smaller banks significantly lower than those of their global peers

Recent moves by China's central bank to offer liquidity to smaller banks, notably the liquidity support for Inner Mongolia-based Baoshang Bank have brought focus on the nation's banking cleanup. Baoshang Bank has been taken over by regulators since May 24 owing to serious credit risks the city commercial lender poses.
Source: Global Times | 2019/6/19 20:53:40

US will lose its short-term advantage as the global oil market becomes unsteady

Two oil tankers were attacked in the Gulf of Oman last week. Global oil markets reacted with relative calm which saw oil prices dip for the day and then bounce back.
Source: Global Times | 2019/6/18 22:13:41