BIZ >> Expert assessment

Mortgage repayments hampering consumption

While China is committed to transitioning its economy away from an investment-led growth model to a consumption-led one, it has become increasingly clear that asset price bubbles such as high housing prices curb consumption. In first-tier cities like Beijing and Shanghai with high property prices, this effect has become obvious.
Source: Global Times | 2017/5/1 18:38:39

China can help Myanmar with its problems

Despite significant political changes in Myanmar in recent years, leaders from the country and from China have maintained a high level of mutual trust, as reflected by frequent visits and the consensus reached on a number of issues.
Source: Global Times | 2017/4/27 23:38:41

Global economy is undergoing a structural change, accompanied by a series of turning points: Zhu Min

The current world economic structure is mainly characterized by low growth rates in the economy, investment and trade, as well as low oil prices, interest rates and inflation. Against such a backdrop, a series of problems have emerged, such as aging societies and an imbalance in wealth distribution.
Source: Global Times | 2017/4/27 0:23:40

China’s government should strengthen the protection of private enterprises: expert

The purpose of China’s supply-side structural reform is to create a good environment and offer adequate incentives for enterprises to be innovative, so as to increase effective supply – which means that enterprises must provide new products, technology and services, or they must reduce prices by lowering costs in an innovative way. In this sense, the reform does not need any industrial policy, but improving supply-side efficiency requires a series of measures.
Source: Global Times | 2017/4/27 0:18:40

Chinese entrepreneurs should promote a four “no” campaign to take on their responsibilities: Jack Ma

With significant changes expected in the world and Chinese economies in the next 30 years, China’s government and enterprises should take on their responsibilities in advancing economic development. A new type of government-business relationship should be promoted to maximize the roles of entrepreneurial spirit and enterprises’ creativity, and the government should create a good environment for enterprises to contribute to the society and the economy.
Source: Global Times | 2017/4/27 0:13:40

Indian IT wobble exposes education problems

Engineering courses are the most sought-after of undergraduate studies in India. Engineering colleges in the country churn out millions of graduates every year but according to the corporate world these graduates lack the necessary skills required for the job market.
Source: Global Times | 2017/4/25 22:38:40

Belt and Road brings boon for satellite services

China’s sprawling Belt and Road initiative is set to give a shot in the arm for homegrown satellite services providers, which have been gaining competitiveness relative to their foreign counterparts in recent years.
Source: Global Times | 2017/4/25 1:18:39

Time is ripe for stronger Sino-Nigeria financial ties

Against the background of China-Africa industrial capacity cooperation, financing is the key to strengthening connections with African countries’ development strategies and facilitating the smooth launch of production capacity cooperation projects.
Source: Global Times | 2017/4/23 22:38:39

French election should not affect China ties

With the first round of the French presidential election taking place on Sunday, support for the far-left candidate Jean-Luc Melenchon has surged recently due to his good performance in the television debates. According to the latest polls, Melenchon’s popularity is close behind the far-right National Front’s Marine Le Pen and the centrist Emmanuel Macron.
Source: Global Times | 2017/4/20 22:58:39

Vicious competition should be avoided in bay area development

The central government will consider development plans for the Guangdong-Hong Kong-Macao Greater Bay Area this year, Chinese Premier Li Keqiang said last week while granting the official certificate of appointment to Lam Cheng Yuet-ngor, the incoming chief executive of the Hong Kong Special Administrative Region (HKSAR). The statement was made not long after the bay area was included in this year’s government work report. To understand deeper issues relating to the bay area, Global Times reporter Li Qiaoyi (GT) talked to Zhou Linsheng (Zhou), vice president of the China Society of Economic Reform and president of the Guangdong Society of Economic Reform, in an exclusive interview earlier in April.
Source: Global Times | 2017/4/19 22:18:39

China should be cautious with financial globalization

Discussions about globalization in the Chinese mainland are quite different from those in the US. In the mainland, the discussion basically focuses on the real economy or manufacturing. But big US companies already brought their manufacturing to other countries around the world several decades ago. In the US, the talk about globalization is mainly about finance, but it is rare to hear about financial globalization in China, and the difference is worth thinking about.
Source: Global Times | 2017/4/17 19:13:39

China can benefit from helping South Africa through hard times

South Africa can help extend the cooperation between China and Africa given its capability in mobilizing funds and coordination.
Source: Global Times | 2017/4/16 22:28:39

China's SOEs can aid B&R route countries in economic development

In addition, Chinese SOEs that specialize in infrastructure can also help B&R route countries make up for their shortcomings in economic development.
Source: Global Times | 2017/4/13 22:23:40

China’s property bubble requires supply-side reform

First, with housing prices soaring so high in China’s first-tier cities, who are those homebuyers and what kind of speculative mentality do they have? Second, given the similarities between China’s housing market and Japan’s housing bubble before it crashed, could there be a China bubble burst around the corner?
Source: Global Times | 2017/4/12 21:08:40

Xi-Trump meeting dampens trade war risk

US President Donald Trump once pledged to label China a currency manipulator and punish it with high tariffs. If it happens as many fear, China would retaliate against trade sanctions, which could escalate into a full-fledged trade war between the two countries. Yet, in my opinion, the possibility of such a trade war looks unlikely.
Source: Global Times | 2017/4/11 21:48:39

China in need of new model for public goods supply

For China, as an emerging economy, how to play a role as a global public goods supplier and how to improve the global public goods supply system is crucial for its new globalization strategy.
Source: Global Times | 2017/4/10 21:43:39

China should expand aid for refugee crises in North Africa

As China is gaining strength, the country should play a bigger role in global issues, including refugee governance.
Source: Global Times | 2017/4/9 21:43:39

Xi-Trump meeting chance to reset bilateral ties

Given the high degree of interdependence and complementarities in Sino-US trade, no one wants to risk triggering a trade war and both countries should be cautious about introducing any policies that would increase that risk.
Source: Global Times | 2017/4/6 20:53:39