BIZ >> Expert assessment

Opportunities arising to improve Sino-Japan relations

This year marks the 45th anniversary of the normalization of diplomatic relations between China and Japan. We should seize any opportunities to improve Sino-Japanese economic and trade relations and promote a new era of bilateral cooperation.
Source: Global Times | 2017/7/20 21:08:39

China, Germany grow closer as free-trade backers

Editor’s Note: As leading world economies and advocates of free trade, China and Germany appear to have more common interests than ever, and they anticipate closer economic and trade ties. The German government is very actively involved in the “Belt and Road” (B&R) initiative, which it sees as a good proposal to support the world economic recovery. Last month, the European Central Bank (ECB) converted 500 million euros ($563.8 million) of its reserves into yuan for the first time. In an email, Global Times reporter Zhang Xin (GT) interviewed Andreas Dombret (Dombret), a member of the Executive Board of Germany’s central bank, the Deutsche Bundesbank, about China’s influence on the world economy from a German perspective.
Source: Global Times | 2017/7/19 21:23:39

Russia’s labor pool offers opportunity for China

A labor surplus means that 10 percent of college graduates in Russia may be unable to find jobs, Sputnik News recently reported, citing a study by the Analytical Center for the Government of the Russian Federation. Encouraging investment by Chinese manufacturers might help Russia solve this problem.
Source: Global Times | 2017/7/18 22:28:39

In China-US steel trade, cooperation beats friction

After the G20 summit in Hamburg, Germany, announcements from China and the US said that they would hold the first round of the China-US Comprehensive Economic Dialogue (CED) on Wednesday. The talks will take place in Washington.
Source: Global Times | 2017/7/17 19:58:40

India follows China’s path to factory power

India’s ambition to rise as a great power has received a strong boost from abroad, in the form of massive investment from foreign manufacturers.
Source: Global Times | 2017/7/16 20:48:39

China must be wary of risks in overseas investment

Currently, China’s potential financial risks derive not only from the rapid accumulation of domestic debts over the past few years, but also from the build-up of financial risks in overseas assets. While China’s offshore assets are unlikely to reach a size comparable to that of domestic assets in the foreseeable future, risks in overseas assets may still pose a threat to the overall stability of the domestic market.
Source: Global Times | 2017/7/13 22:33:39

To defeat poverty, Africa should embrace new ideas

Why is Africa still suffering from poverty? Africa is now the world’s poorest continent. According to figures released by the World Bank in 2015, 43 percent of the African population lives below the poverty line of $1.25 per day. This is not because Africans are not hardworking, or because they lack entrepreneurial spirit, and it is not because African governments are inactive. The reason why they have not achieved modernization is that they are still stuck in the wrong mindset. Although Africa may have thrown off colonial rule, African countries are still copying Western ideas, even though they are often unsuitable.
Source: Global Times | 2017/7/13 0:33:39

Chinese firms need professional help with B&R

For there to be more secure investment, Chinese companies seeking a foothold along the route should become adept at using project finance arrangements and hiring fundraising consultants to keep their B&R investments financially viable.
Source: Global Times | 2017/7/11 23:13:39

B&R can help consolidate Hong Kong’s financial role

In recent years, Hong Kong’s economy has been facing the pain of transition, amid financial turbulence at home and abroad and challenges to Hong Kong’s status as an international financial center from Singapore and other cities. At this critical moment, the Belt and Road (B&R) initiative can endow Hong Kong with new impetus.
Source: Global Times | 2017/7/10 22:52:39

Africa recognizes vital assistance provided by China

To understand the strong Sino-African relationship, we must remember historical events in the last century. Africa has long been considered a peripheral continent. It endured painful colonization by Western powers, and never recovered economically or politically from the post-World War II global order.
Source: Global Times | 2017/7/9 20:18:39

India has more in common with China than with US

Following tensions on the border between China and India, all eyes are now on the G20 Summit in Hamburg, which will be attended by Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and other international leaders. China and India should engage with each other, and personally I believe the current trend of economic cooperation will not change direction even amid tension at the border, if Modi is a sensible politician.
Source: Global Times | 2017/7/6 21:43:39

South Africa ideal partner for trilateral development

With the expansion and upgrading of Sino-Africa cooperation, strengthening trilateral development cooperation with South Africa will not only help China improve its image in Africa and promote localization of aid projects, but will also facilitate the participation by BRICS countries in aid programs in the continent.
Source: Global Times | 2017/7/5 23:46:32

Can Chinese SOEs profit from foreign investments?

The Belt & Road (B&R) initiative has been widely lauded as a way to extend common development. However, one aspect is now coming up for increased discussion. China has pledged billions in development and investment in emerging economies in Asia, Africa and the Middle-East. Once these are rolled out, Chinese State-owned enterprises (SOEs) will be at the forefront of these efforts.
Source: Global Times | 2017/7/4 21:58:39

Government intervention should not be written off

Economic development has always relied on both the market and the government, and both should play their necessary roles. I think we should establish efficient markets and competent government at the same time. Thus, an organic system can be created.
Source: Global Times | 2017/7/3 21:33:39

Blocking Chinese investment is not a smart move

The US has increased its regulatory scrutiny of Chinese investments, placing prohibitive obstacles in an array of business areas, from energy, minerals and railways to telecommunications and artificial intelligence (AI).
Source: Global Times | 2017/7/2 20:13:39

HK reunification ‘breaks shackles’ of UK’s hypocritical colonialism

On Saturday, China celebrates a great victory – the return of Hong Kong to its rightful historical place as part of China. That victory is even greater because, as President Xi Jinping, also General Secretary of the Communist Party of China (CPC) Central Committee and Chairman of the Central Military Commission, stressed, it was Hong Kong's peaceful return to China, a rare case in Chinese and foreign histories, where lost lands were mostly recovered by force.
Source: Global Times | 2017/6/30 21:48:39

Hong Kong should find ways to get past challenges

When I traveled to Vietnam a few months ago, I was surprised to find that I could pay the bill using Chinese currency, the yuan, at a local seafood street restaurant. Compared with other currencies in Southeast Asian countries, the yuan has rapidly gained recognition in local markets given its steady value. The internationalization of the yuan will also bring tremendous opportunities for Hong Kong, the largest offshore yuan business hub.
Source: Global Times | 2017/6/29 21:43:39

Chinese firms must be prepared for short-selling

At least six overseas-listed Chinese companies have been attacked by global short-sellers in recent days. These short-selling campaigns have gained pace, covering a wide range of industries and regions. What’s shocking is that these short-sellers always succeed in making fortunes. They even publicly reveal their targets in advance, highlighting the degree of confidence in such short-selling activities. As such, China should stay alert to the risk of short-selling attacks on overseas-listed Chinese companies that have investment projects in countries along the Belt and Road (B&R) route, so as to avoid any adverse impact.
Source: Global Times | 2017/6/28 22:08:39