BIZ >> Expert assessment

'Debt colonialism' accusations on B&R ring false

In recent years, there has been an avalanche of negative reports about the Belt and Road (B&R) initiative, many of which are focused on the debt implications for countries involved. Some Western and Indian politicians and commentators have begun using the term “debt colonialism” to describe China's lending practices in Africa. However, the debt issue should be viewed objectively, rather than through a political agenda.
Source: Global Times | 2018/8/12 20:03:39

China needs confidence amid economic challenges

It seems China comes to a crossroads every ten years. In 1988, commodity prices surged. Private enterprises experienced an unprecedented challenge in 1998 after the Asian financial crisis led to a depressed market. In 2008, the manufacturing industry in China took a hit from the global financial crisis, and Chinese policymakers adopted stimulus measures to keep the Chinese economy growing.
Source: Global Times | 2018/8/9 20:13:43

Debate on China-US trade clash not always logical

The escalating trade war between the US and China has stirred up debate in both countries. With the livelihoods of many ordinary people in both countries at stake, rhetoric in the trade feud needs to be tuned down.
Source: Global Times | 2018/8/8 22:58:40

Sino-US friction won't reach all-out confrontation

Trade friction between China and the US has escalated throughout 2018. After being sworn in as US president, Donald Trump has attempted to arrest the trend of economic globalization, refashion trade cooperation and reverse trade deficits.
Source: Global Times | 2018/8/7 23:03:40

Targeted measures necessary for A-share problems amid trade tension

A sustained downward spiral in the shares of companies listed on the Chinese mainland, which has largely bucked the global upswing led by US shares, has intensified worries in China's financial market about the impact of a protracted trade war.
Source: Global Times | 2018/8/6 22:23:40

US must stop politicizing trade, technology issues

One of the excuses used by the US to start the tariff conflict with China is that China violated laws governing intellectual property rights (IPR) and “stole” IP from the West. This false accusation was intended to damage China's image and reputation.
Source: Global Times | 2018/8/5 22:18:39

US must stop politicizing trade, technology issues

One of the excuses used by the US to start the tariff conflict with China is that China violated laws governing intellectual property rights (IPR) and “stole” IP from the West. This false accusation was intended to damage China's image and reputation.
Source: Global Times | 2018/8/5 22:18:39

US companies can't afford to leave Chinese market

As the trade frictions between China and the US escalate, US companies in China and Chinese companies in the US are all feeling unease. One major concern is that companies will be the ones to absorb the negative impact from the ongoing trade tensions. As the one with fewer cards to play in this game, it is necessary for China to assess the position of US companies and their likelihood of leaving China for the US or other countries.
Source: Global Times | 2018/8/2 20:53:40

China's deleveraging gives leeway for possible easing

The Chinese economy is facing a rough road in the second half of this year. The debt risk needs to be tamed, the pain of structural adjustment will be stronger, and the trade frictions triggered by the US are likely to continue. These have added uncertainties to the future of the Chinese economy. Ensuring the right macroeconomic policy to be adopted is a great challenge for the policymakers
Source: Global Times | 2018/8/1 19:03:39

Outcome of Brexit process vital for China-UK relations

The visit to China by Jeremy Hunt, the British Foreign Secretary, has raised hopes that the 'golden age' of China-UK relations, established under former UK Prime Minister David Cameron, will be maintained. During that period Britain sought excellent economic relations with China, took independent steps in foreign policy such as joining the Asian Infrastructure Investment Bank despite US opposition, and minimized provocative attempts to interfere in China's domestic affairs in Hong Kong and elsewhere.
Source: Global Times | 2018/7/31 22:18:40

Financial reform a boon for China-UK cooperation

The UK's new foreign secretary is making his first overseas visit to China on Monday to seek discussions on post-Brexit trade relations with Beijing. This year also marks a decade of the City of London Corporation's direct presence in Beijing and Shanghai. Sherry Madera (Madera), the City of London Corporation's special adviser for Asia, talked with Global Times London Correspondent Sun Wei (GT) about the half year review of the City of London Asia Next Decade campaign, which launched on Jan 25 this year to create partnership opportunities for Asia and London, with green finance, fintech, and the opening of capital markets as three key trends. The interview may offer insights on the future of China-UK bilateral cooperation.
Source: Global Times | 2018/7/30 22:53:39

China needs to stimulate economy amid US pressure

Facing a relentless trade assault from the US, China's policymakers must keep cool and be ready to replenish their toolbox so they can inject sufficient stimulus to bolster the economy, if it displays any sign of faltering.
Source: Global Times | 2018/7/29 22:03:40

BRICS' synergy builds community of shared destiny

The three-day 10th BRICS summit being held in Johannesburg, South Africa is scheduled to end on Friday. In the past 10 years, the event has become an important platform for consolidating development financing and promoting growth in developing countries. The BRICS – Brazil, Russia, India, China and South Africa – have long focused on four major development topics.
Source: Global Times | 2018/7/26 23:38:40

Intra-BRICS trade can substitute for US products

The 10th BRICS summit opened on Wednesday in Johannesburg, South Africa. The meeting takes place at a crucial time, when global trade and economic order are greatly challenged by protectionism.
Source: Global Times | 2018/7/25 22:43:42

BRICS Plus model can unite developing economies

With a privileged geographical position as a gateway connecting the continents of Africa and Asia, Egypt perceives that the BRICS Plus model provides an opportunity for open and diversified integration in the global economy.
Source: Global Times | 2018/7/24 22:53:40

China-Russia ties can reduce dependence on US

The world economy is gradually recovering but the US is causing uncertainty by acting aggressively toward its trade partners all over the world. Against this backdrop, before China, Russia and other BRICS members gather in Johannesburg, South Africa from Wednesday to Friday, the fourth China-Russia Economy Dialogue was held in Beijing by the Chongyang Institute for Financial Studies at Renmin University of China on July 15 and 16. On the sidelines of the conference, Bai Yunyi, a reporter with the Global Times (GT) interviewed Sergey Glazyev (Glazyev), a counselor to President of the Russian Federation Vladimir Putin, to seek his opinions on bilateral trade potential and how to deal with US trade hostility.
Source: Global Times | 2018/7/23 23:13:40

US wrong to doubt Huawei's academic partnerships

Recently Huawei was strongly criticized by several members of the US Congress. They asked the US secretary of education to investigate whether our cooperation with US universities on basic scientific research might threaten US national security. I believe this criticism displays an ignorance of how contemporary science and innovation work and I recently described it as “ill-informed” in a media interview.
Source: Global Times | 2018/7/22 23:53:39

Institutional investors can boost Chinese equities

Chinese investors in the A-share market have had a rough time lately. The Shanghai Composite Index has seen drops below 3,000 points and it is constantly touching new lows. On July 16, the National Bureau of Statistics released economic figures that showed good momentum for growth in the first half of this year. The GDP growth rate was stable at 6.8 percent year-on-year. Total trade value increased 7.9 percent. So China's economic performance was better than expected, despite trade tensions.
Source: Global Times | 2018/7/19 23:18:41