BIZ >> Expert assessment

China, US must take trade-war truce as opportunity to make concrete strides

Outside the hotel where Chinese President Xi Jinping and his US counterpart Donald Trump met Saturday night in Buenos Aires, Argentina, many people on the street halted with an expression of curiosity. Everyone was trying to guess what kind of deal can be made between China and the US.
Source: Global Times | 2018/12/2 19:28:39

G20 helping the world escape protectionism

The upcoming meeting between the two leaders of China and the US during the G20 summit in Argentina will be watched closely by the world in the coming days. During the past six months, the US government has launched protectionist trade measures against many countries and economies, including China, putting the global economy under growing pressure. It remains to be seen whether the G20 summit will ease this situation.
Source: Global Times | 2018/11/29 21:53:40

China's central bank shuns stimulus 'flood' as pressure intensifies

Given the aftereffects of China's past large-scale stimulus plans, an important goal of the central authorities in setting monetary policy is not to flood the market with liquidity again.
Source: Global Times | 2018/11/28 21:48:41

IMF pressure won't weaken Pakistan's CPEC commitment

Pressure and challenges from the IMF regarding debt woes over the China-Pakistan Economic Corridor (CPEC) won't compromise Pakistan's commitment to the CPEC.
Source: Global Times | 2018/11/27 20:13:41

D&G gaffe reveals crisis response isn't just job of PR

After racist messages from Stefano Gabbana, one of the designers of Dolce & Gabbana (D&G), triggered outrage on China's social media, the Italian fashion brand issued its first statement claiming that its Instagram accounts had been hacked.
Source: Global Times | 2018/11/26 19:43:40

China's engagement in rule-making key to WTO reform

With the escalating China-US trade conflict, much attention is being paid to the upcoming bilateral meeting during the G20 summit, which is expected to yield certain agreements to ease the dispute.
Source: Global Times | 2018/11/25 23:18:17

Reform helps China build high-standard market economy

The Chinese economy is facing a complicated situation that hasn't been seen in many years, given the major adjustments to the international trade and investment order, the ongoing China-US trade war, low confidence among China's private enterprises, and the weak outlook of the domestic economy.
Source: Global Times | 2018/11/22 21:03:43

Is BRI road to a 'debt trap'? The numbers say no

The issue of whether China is pursuing “debt diplomacy” through the Belt and Road initiative (BRI) has sparked international debate.
Source: Global Times | 2018/11/21 22:48:40

China's fiscal policy needs to boldly break free of 3% deficit rule

As the China-US trade conflict intensifies and GDP growth slows, the Chinese economy is under increasing downward pressure, making it urgent to maintain macroeconomic stability. During a meeting held in early November, Premier Li Keqiang said that financial departments are encouraged to be proactive, while the Ministry of Finance should “step forward boldly.”
Source: Global Times | 2018/11/20 20:08:40

China-EU cooperation can safeguard WTO rules

The China-US relationship has drawn increasing attention from the international community. Some observers claim that amid what looks like a prolonged trade war, China and the US will compete to rally support.
Source: Global Times | 2018/11/19 22:13:39

China's leverage not a problem if it's sustainable

China's non-financial sector – the government, households and non-financial businesses – reported low, stable leverage ratios before 2008. When the global financial crisis arrived in 2008 and hit China, the country announced a 4-trillion-yuan ($577.88 billion) stimulus plan. The injection of new bank loans rapidly drove up debt ratios, and the central government decided in 2015 to curb the rise in leverage. This effort started producing effects in 2017 and has continued to be effective this year.
Source: Global Times | 2018/11/19 19:08:40

China needs to keep ODI-related risks under control

China's outbound investment has increased remarkably since 2008. As of the end of 2017, the nation's cumulative outbound direct investment (ODI) exceeded $1.8 trillion in 189 countries and regions, accounting for 5.9 percent of the global total, Ministry of Commerce statistics show.
Source: Global Times | 2018/11/18 21:42:42

Western aid model takes on Chinese characteristics

Australia recently announced plans to set up a A$2 billion ($1.4 billion) infrastructure aid fund for South Pacific nations, which will provide grants and long-term loans to support energy, transport, water and telecommunications projects in the region.
Source: Global Times | 2018/11/15 22:58:15

Demographic dividend cannot guarantee India's rise

Without enough jobs, India's current demographic dividend may instead turn into a burden. People have been talking about India's rise since the end of the Cold War, and the country's economy has indeed grown quickly. India's GDP was $274 billion at the time of the 1991 economic reforms. By the end of 2017, the figure had grown to $2.59 trillion, making India's economy the world's sixth-largest, according to the latest figures from the World Bank. Many people are convinced that India will create a new human development miracle, specifically because India has a young population and a demographic advantage that will continue for more than a decade.
Source: Global Times | 2018/11/14 22:55:48

China, Azerbaijan to embrace closer trade ties under CIIE platform

In recent years, economic ties between China and Azerbaijan have become ever-closer with both trade and investment growing fast. Located in the South Caucasus region of Eurasia at the crossroads of Eastern Europe and Western Asia, Azerbaijan also occupies an important geographical position on the route of the Belt and Road initiative (BRI). However, despite growing economic interactions, Chinese people's understanding of Azerbaijan is still limited, which constitutes a barrier to closer communications. It is anticipated that China's reform and opening-up, notably through the China International Import Expo (CIIE) platform, can provide an opportunity for Azerbaijan to boost trade with China.
Source: Global Times | 2018/11/13 21:58:39

Double 11 shows rising clout of China's consumers

“The biggest shopping day on the planet has started with a bang,” CNN said at 00:52 am Beijing Time on Sunday. In one hour and 47 minutes and 26 seconds, Tmall, the online retail marketplace under Chinese e-commerce giant Alibaba, saw its sales surpass 100 billion yuan ($14.38 billion), setting a new record for the tenth Double 11 shopping festival. Another record worthy of note is that more than 19,000 overseas brands from 75 countries and regions participated in the shopping bonanza, making the Double 11 a shopping carnival for both Chinese consumers and global businesses.
Source: Global Times | 2018/11/12 21:33:39

China's reform experience aids developing economies

This year is the 40th anniversary of China's reform and opening-up. When this process started in late 1978, China was one of the poorest countries in the world. From that low starting point, China has achieved an average 9.5 percent annual GDP growth rate. No any other country or region in human history has kept up such a high speed of economic growth for such a long time.
Source: Global Times | 2018/11/11 22:03:39

China-EU financial ties could throw off US hegemony

Sticking to the “America first” policy, the administration of US President Donald Trump has been using its military and financial advantages to create trouble for China and its European allies in trade and even national sovereignty.
Source: Global Times | 2018/11/8 23:28:40