BIZ >> Expert assessment

Beijing, Islamabad committed to making flagship CPEC project example for world

The China-Pakistan Economic Corridor (CPEC) is an example for the rest of the world.
Source: Global Times | 2019/2/21 22:34:06

Saudi Arabia's crown prince visits Asia seeking economic cooperation, not political mediation

The major goal for Crown Prince Mohammed bin Salman of Saudi Arabia to visit to India, China and Pakistan is to seek economic cooperation rather than to engage in any political mediation.
Source: Global Times | 2019/2/21 17:34:02

The US can't let debt cast shadow on its economy

As the data released by the US Department of Treasury last week showed, the country's total federal debt outstanding has exceeded $22 trillion. The US debt grew more than $1 trillion in the past 11 months.
Source: Global Times | 2019/2/20 17:38:40

China's monetary policy to sail out of the 'reefs' and into smoother waters ahead in 2019

The year 2018 saw China's monetary policy carefully sail through the “reefs,” as economic slowdown and surging exchange rate risk left little room for adjustment. However, since the beginning of this year, major internal and external changes have broken the dilemma.
Source: Global Times | 2019/2/19 20:58:40

Market buoyed by expectations for win-win trade deal between Beijing and Washington

The growing optimism that the US and China will soon hammer out a win-win trade deal following tangible progress made at their latest round of talks in Beijing is buoying the market. Both Wall Street and China's two stock bourses in Shanghai and Shenzhen have brightened with strong gains during recent trading sessions.
Source: Global Times | 2019/2/19 20:03:47

How to sustain positive economic development in China amid market uncertainties

The 2019 Annual Meeting of the Chinese Economists 50 Forum was held in Beijing on Saturday, with the theme “How to achieve the six stabilities and keep positive economic development in the long run.” Below are excerpts from speeches given by several renowned scholars and officials at the event.
Source: Global Times | 2019/2/18 21:23:39

India railway development reveals economic progress

Piyush Goyal, India's Minister of Railways and Coal, recently posted a video online of the Vande Bharat Express, the country's first semi high-speed rail. However, it was later revealed the footage had been doctored so the train would appear to travel faster than normal.
Source: Global Times | 2019/2/18 16:18:39

Leveling the playing fields for domestic and overseas companies sets China's reform road map

The world has been closely watching the latest round of high-level trade negotiations between the US and China, which took place in Beijing on Thursday and Friday, for clues as to whether a trade resolution will be reached before the March 1 deadline.
Source: Global Times | 2019/2/17 20:48:40

With many Chinese not having traveled abroad yet, raising income ought to be top priority

According to the latest data released by the State Administration of Foreign Exchange, China's tourism trade deficit reached $237.4 billion in 2018, an increase of $21.4 billion over the previous year. While the record high figure reflects the growing scale of outbound tourism consumption by domestic residents, it remains questionable whether the domestic demand is so strong that it even caused the record outbound tourism consumption.
Source: Global Times | 2019/2/14 21:23:40

Four economic problems that China needs to carefully manage

There are four key problems facing the Chinese economy in 2019 in the areas of real estate, micro, small and medium-sized enterprises (MSMEs), financial markets and zombie enterprises. The country is probably at a quandary regarding addressing these four key problems.
Source: Global Times | 2019/2/14 18:48:40

What are the implications for China resulting from Trump's World Bank presidential nominee?

Former World Bank president Jim Yong Kim suddenly announced his resignation on January 7, with the resignation taking effect as of February 1. Since then, speculation has been swirling as to who will take over Kim's post.
Source: Global Times | 2019/2/13 22:23:40

Brexit turmoil will continue, but how will it affect UK-China economic relations?

When Britain voted in the 2016 Brexit referendum, there were many in Chinese media who naively thought, “Well, that is a democratic decision. Britain will leave the EU.” However, critical issues in the West, as in other societies, are not decided by formal democratic processes but by power and money and the clash of powerful social forces. Therefore, the referendum did not resolve issues but unleashed the deepest British political crisis since World War II.
Source: Global Times | 2019/2/12 22:18:40

China's central bank bill swap different from Federal Reserve's quantitative easing

The People's Bank of China (PBC), the country's central bank, announced last month the creation of the central bank bills swap (CBS) aimed at supporting commercial lenders' perpetual bond sales. Primary dealers on the open market can swap perpetual bonds issued by qualified banks with central bank bills. Perpetual bonds with AA ratings and above can be used as collateral for medium-term, targeted, and standing lending facilities, and re-lending purposes.
Source: Global Times | 2019/2/11 22:04:59

Indian Ocean evolves to be a geopolitical wrestling venue among major global powers

With the US, Japan, India and Australia successively releasing their own “Indo-Pacific strategy,” the geopolitical competition in the Indian Ocean has gained growing attention and there has been much discussion about the position and role of the Indian Ocean in the geopolitical wrestling.
Source: Global Times | 2019/2/10 20:48:39

Will China be the next Japan or South Korea?

Economic development hardly has a universally successful model. An economic model that successfully catches up is not a model that maintains sustainable growth. The real difficulty is to distinguish whether it is necessary to alter the development model.
Source: Global Times | 2019/2/10 19:23:40

How will Brexit crisis affect China-UK economic ties?

When Britain voted in the 2016 Brexit referendum, there were many in Chinese media who naively thought, “Well, that is a democratic decision. Britain will leave the EU.” However, critical issues in the West, as in other societies, are not decided by formal democratic processes but by power and money and the clash of powerful social forces. Therefore, the referendum did not resolve issues but unleashed the deepest British political crisis since World War II.
Source: Global Times | 2019/2/7 10:00:05

China's new innovation stock board must block fake, unproven technologies

China's stock market authorities have moved to solicit public opinion on a set of newly-revealed rules to manage the country's maiden technology and innovation board, at the Shanghai Stock Exchange. The government aims to shore up the country's sustainable economic growth, in the future, by facilitating the fund-raising ability of a rising number of technology start-ups.
Source: Global Times | 2019/2/4 12:39:30

What is the way out for China's A-share market?

The biggest news for the mainland stock market before the Chinese New Year is probably that Yi Huiman was appointed as the new chairman of the China Securities Regulatory Commission (CSRC). It is widely hoped that the new head of China's securities regulator could lead the country's stock market onto a healthy development path and to play its role in supporting the domestic financing needs.
Source: Globaltimes.cn | 2019/2/3 13:04:29