BIZ >> Expert assessment

China can learn from India's tax whistleblowing rewards

The Ministry of Finance of India introduced an updated tax informant reward scheme in April, adjusting the reward ceiling from the equivalent of $22,000 to about $147,000 for hiding income and $734,000 for black money. Cui Yongyuan, a former Chinese talk show host, has blown the whistle for tax evasion in the entertainment industry, which rapidly developed into an internet sensation. The discussion of whistleblowers has taken center stage.
Source: Global Times | 2018/6/21 20:13:41

China's manufacturing needs to fight a protracted war

Starting at the end of last year, the difficulty of achieving the “Made in China 2025” initiative increased, with pressure from the US trade provocation and the domestic transformation and upgrading upgraded. To get to 2025, eight years lie ahead. In that time, China's manufacturing sector faces a protracted war that's similar to the Anti-Japanese War (1937-45) it fought.
Source: Global Times | 2018/6/20 21:28:41

Broader change needed for China's stock market to prosper

Looking back at the past few years, a basic consensus has been reached among financial practitioners and the relevant government departments in China that the main problems and risks in the domestic financial market are a result of its improper structure. The difficulties of addressing the excessive proportion of indirect financing and the inadequate proportion of direct financing are also an important factor.
Source: Global Times | 2018/6/19 22:38:39

Chinese cities seeking growth need more than people

There's a growing trend in China of bigger cities competing for talent to contribute to a national push for innovation-oriented quality growth, but few of these cities have well-designed policy toolboxes to leverage the inflow of talent for balanced growth.
Source: Global Times | 2018/6/19 22:28:40

Benefits of Korean unification likely to be internal

Although there's still uncertainty over prospects for peace on the Korean Peninsula, it seems that South Korea is highly optimistic about the economic aspect of its cooperation with North Korea.
Source: Global Times | 2018/6/18 22:33:39

Broader change needed for China's stock market to prosper

Looking back at the past few years, a basic consensus has been reached among financial practitioners and the relevant government departments in China that the main problems and risks in the domestic financial market are a result of its improper structure. The difficulties of addressing the excessive proportion of indirect financing and the inadequate proportion of direct financing are also an important factor.
Source: Global Times | 2018/6/17 9:37:58

New tech can be used to battle tax evasion in China

A public outcry over tax evasion and avoidance in China's film and TV industry has brought into question the efficacy of a tax system that is supposed to redistribute income across the country, where there is a growing divide between the rich and poor. Tougher rules could be introduced to crack down on tax evasion, which could involve heavier penalties for evaders, larger rewards for tax fraud whistleblowers and better technology to improve the tax system. But more must be done to ensure a reasonable, balanced primary distribution of income.
Source: Global Times | 2018/6/14 21:23:41

Policy framework for China's equity market needs a makeover

The WTO was established with the purpose of forming an integrated, active and durable multilateral trade mechanism by cutting tariffs and lowering barriers among its members. China's economy started to take off after it gained access to and fully embraced the international market. Since 2001, when China joined the WTO, foreign investment has flowed in, and products made in China prevail around the world.
Source: Global Times | 2018/6/13 22:38:40

NK can unlock economic potential with capital inflows

Leaders of the US and North Korea met in Singapore on Tuesday as the development policies and financial potential of North Korea made international headlines.
Source: Global Times | 2018/6/12 22:18:40

Caution helps Chinese investors avoid political risk

Corruption and coup d'états are two headaches of Chinese investors when going global.
Source: Global Times | 2018/6/11 22:03:39

It's time for Indian pharmaceutical companies to embrace the Chinese market

Accounting for 10 percent of the global pharmaceutical industry in terms of volume, India has become the “pharmacy of the world.” Even in China, there are frequent cases of smuggling and selling Indian-made drugs, and the enormous underground market for Indian medicine is a sign of the huge demand for cost-efficient treatments for cancer and other diseases in China.
Source: Global Times | 2018/6/10 22:53:40

China, India ready to deepen their economic ties

India has been one of the fastest-growing large economies in the world for over two decades. However, the country's performance in terms of GDP growth and macroeconomic stability has been dwarfed by that of China.
Source: Global Times | 2018/6/7 23:38:41

China faces tests in managing yuan as dollar climbs

Facing a murky outlook when it comes to trade with the US and a possible deceleration of the world's second-biggest economy, China's government, the central monetary authorities in particular, must be on guard against sudden capital outflows and do their best to keep the yuan stable.
Source: Global Times | 2018/6/6 22:28:40

Asia faces cascading crises as dollar strengthens

Most people in the financial industry remain optimistic about the economic outlook. They generally reckon that estimating global economic growth for 2018 is merely a case of shaving a few basis points off their previous forecasts.
Source: Global Times | 2018/6/5 22:18:40

Paternalistic regulation won't benefit A-share market

Paternalistic, mercurial regulation persists in the mainland stock market and keeps the market's development level low. In turn, retail investors don't become more sophisticated. The regulatory regime also weighs on foreign investment decisions.
Source: Global Times | 2018/6/4 22:23:40

How can economic zones in Africa sustain growth?

At the Beijing Summit of the Forum on China-Africa Cooperation in 2006, China promised to establish three to five overseas economic and trade cooperation zones in African countries within three years.
Source: Global Times | 2018/6/3 22:13:39

Asian investors taking key role in derivatives market

Asian retail investors are increasingly flexing their muscles and becoming important participants in the derivatives market. Chicago Mercantile Exchange (CME) Group's retail trading volume has risen by 40 percent from 2015 to 2017, with the top three traded products in Asia Pacific being crude oil futures, E-mini S&P 500 futures and gold futures. Over the past two years, nearly half of all retail clients acquired globally by CME Group have been from Asia Pacific, signifying that interest from traders in this region is on the rise.
Source: Global Times | 2018/6/3 19:23:40

China's support can aid Africa's smart cities drive

The African continent has been striving for the past decade to establish innovation, entrepreneurship and connectivity as pillars for sustainable development planning in the region. Among the key elements of this strategy is the development of urban centers with key information technology tools and the integration of the concept of smart cities into African socioeconomic integration.
Source: Global Times | 2018/5/31 22:33:41