BIZ >> Expert assessment

New opportunities for China from Russia-ASEAN ties

At the ASEAN Summit in the Philippines earlier this month, Russian Prime Minister Dmitry Medvedev said that cooperation between Russia and members of the Association of Southeast Asian Nations (ASEAN) has great potential.
Source: Global Times | 2017/11/22 23:18:39

US tax cuts may test Chinese firms’ competitiveness

The US House of Representatives on Thursday passed a tax reform bill, a milestone piece of legislation that would mark the most significant change in the US tax system since 1986.
Source: Global Times | 2017/11/21 22:33:39

Free trade ports require more systematic reform

Since free trade ports will provide special policies, which will mean more investment and development, many regions of China are actively seeking to be the locations of free trade ports. Shanghai, the first region in China to open a free trade zone, has taken the initiative.
Source: Global Times | 2017/11/20 22:18:40

Shift in US aid to Africa signals emphasis on politics

The US House of Representatives held a hearing on appropriations for US aid to Africa in October. The Donald Trump administration requested $5.2 billion for Africa in fiscal 2018, which would be close to 35 percent less than in 2015. Of the total, $3.7 billion, or 70 percent, will be allocated to 10 countries in line with US strategic interests including Kenya and Nigeria.
Source: Global Times | 2017/11/19 22:43:40

Complementary ties can benefit China, Philippines

Premier Li Keqiang’s visit to the Philippines from Sunday to Thursday where he attended high-level summits including the 20th China-ASEAN (10+1) leaders’ meeting, his first overseas trip since the 19th Party Congress, is of pivotal significance for bilateral ties. Worth noting is that Li was also the first Chinese premier to visit the Philippines in a decade.
Source: Global Times | 2017/11/16 23:23:39

Economic ties to become focus of China's neighborhood diplomacy in new era

With the 19th National Congress of the Communist Party of China (CPC) having concluded, Chinese leaders kicked off visits to Southeast Asia, an important move in China's neighborhood diplomacy as socialism with Chinese characteristics has entered a new era.
Source: Global Times | 2017/11/15 0:58:39

Realizing AI’s full potential will take time in China

There’s no hotter phrase than artificial intelligence (AI) in today’s technology world. This is especially so in China, where Google’s Go-playing AI AlphaGo trounced top-ranked Chinese Go grandmasters at a Go summit in Wuzhen, East China’s Zhejiang Province in May.
Source: Global Times | 2017/11/14 21:58:40

Indo-Pacific alliance could end prematurely

US President Donald Trump held his first Asian tour this month after taking office, with all Asian countries wondering what Asian policy his administration will pursue. In a speech in Japan, Trump for the first time formally put forward the notion of establishing an Indo-Pacific region that is free, fair and mutually beneficial.
Source: Global Times | 2017/11/13 22:53:40

Trump offers opening for China’s initiatives

US President Donald Trump kicked off his first trip to Asia earlier this month. With stops in five countries, the 12-day trip will be the longest Asia visit for any US president since George H.W. Bush’s trip in late 1991 and early 1992. Some observers have said the length of the trip shows the importance the US attaches to the region.
Source: Global Times | 2017/11/12 19:03:40

Trump’s ‘shale diplomacy’ in China to shake market

In his visit to Asia, US President Donald Trump is set to put America first, possibly through increased energy exports. Juggling great tensions in the State Department, lack of enthusiasm for traditional high diplomacy, and a reckless need for quick results, Trump is leading what may be the most powerful US trade delegation to ever come to China.
Source: Global Times | 2017/11/9 22:23:40

China-US trade gap requires adjustments

The trade gap between China and the US, especially in merchandise trade, is a longstanding bilateral issue. In 2016, China’s trade surplus with the US was about $254 billion, according to Chinese statistics, while the US put the figure at $366 billion.
Source: Global Times | 2017/11/8 22:33:39

Cross-border retail can be bright spot in Sino-US ties

Since the beginning of last year’s US election campaign, Donald Trump repeatedly emphasized the trade deficit between China and the US. His stance has not wavered, and his administration also launched a Section 301 investigation into China not long ago.
Source: Global Times | 2017/11/8 0:28:00

Competition, cooperation exemplify China-India ties

As the two fastest-growing major economies in the world, China and India are always in the spotlight of global markets. As they both compete and cooperate, the outlook for their economic and trade relationship is also getting much attention.
Source: Global Times | 2017/11/6 23:33:39

China takes rebalancing commitment to a new level

The Chinese economy is at a critical juncture. In some respects, this is very reminiscent of the stark challenges China faced in the late 1970s. The reforms and opening up of Deng Xiaoping were a courageous response to those tough circumstances that put China on an unprecedented path of growth and development. But nearly four decades of extraordinary progress cannot be taken for granted in looking to the future. That is especially the case as China now enters the long dreaded zone of the “middle-income trap” – hitting a threshold of economic development that has stymied most nations. While today’s circumstances are not nearly as dire as they were in the late 1970s, the challenge of sustainability is equally profound.
Source: Global Times | 2017/11/5 22:08:40

China’s priorities must suit changing times

After reading through the economic-related sections of General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping’s report to the 19th National Congress of the CPC, we can sum it up in one sentence: development is still the top priority, with the means and focus moving with the times.
Source: Global Times | 2017/11/2 22:33:39

More needed to help SOEs gain world role

State-owned enterprises (SOEs), often seen as China’s national champions, are poised to become global champions as the world’s second-largest economy enters a new era, but more efforts are needed to facilitate this leap.
Source: Global Times | 2017/11/1 21:33:40

Lack of authoritative leadership hinders India’s reform

Why is India having trouble promoting economic reform? It may be due to the political ecology of this country. India lacks a centralized authority similar to that of China, led by the Communist Party of China (CPC), which is the driving force of the nation’s rapid economic development.
Source: Global Times | 2017/10/31 22:48:40

US subprime crisis, response offer lessons for China

Last month marked the 10th anniversary of the collapse of US investment bank Lehman Brothers, which triggered the most acute phase of the subprime crisis. The US is still recovering from the great recession that ensued from this event, and its policymakers have spent the past decade reining an overgrown and overreaching financial system.
Source: Global Times | 2017/10/30 22:13:39