BIZ >> Expert assessment

Planning is key for AI to support India's growth

With the rise of venture capital activity in India in recent years, money, projects and products from China's science and technology sectors have started to flow into India in large quantities. India is also vigorously developing its cloud computing, fifth-generation (5G) telecoms network, artificial intelligence (AI) and other emerging projects.
Source: Global Times | 2018/1/24 23:43:40

Cryptocurrency to bolster yuan's globalization

The internationalization of the yuan began as the Chinese people and Chinese enterprises began to go global. Clearing with the US dollar in international trade is unfavorable for the yuan, since the nation's foreign reserves contain a large amount of the US dollar and China is continuing to buy US government debt.
Source: Global Times | 2018/1/23 22:53:39

US 'allergy' to Chinese investment will hurt both sides

Saturday marks the one-year anniversary of Donald Trump's inauguration as US president. Over the past year, his country has shown a severe “allergy” to Chinese investment, tossing aside the international consensus on international investment relations.
Source: Global Times | 2018/1/22 23:43:39

China can provide new definitions of development aid

Earlier this month, Concetta Fierravanti-Wells, Australia's minister for international development and the Pacific, accused China of making the Pacific full of “useless buildings.” Her claim caused an uproar, but her view is not new.
Source: Global Times | 2018/1/21 23:33:39

Full speed ahead for China's economy in 2018

China's economy fared better in 2017 than a year earlier, growing 6.9 percent year-on-year with nominal GDP surpassing $12.5 trillion, the National Bureau of Statistics reported on Thursday. If calculated by purchasing power parity (PPP) – which the IMF did in 2015 – the size of the economy exceeded $20 trillion.
Source: Global Times | 2018/1/18 22:33:40

Japanese firms should adapt to changing China

Japanese conglomerate Nitto Denko Corp recently denied reports that it closed a plant in Suzhou, East China's Jiangsu Province. The company said, however, that it had decided to stop making polarizers, one of the most important components in liquid crystal displays, at that particular plant.
Source: Global Times | 2018/1/17 21:58:40

Market demand can best set yuan's true rate

Last year, the yuan appreciated by more than 6 percent, and it is important to understand the exchange-rate mechanism to interpret that appreciation. There are two key elements: one is supply and demand, in relation to the “countercyclical adjustment factor,” the other is the basket of currencies used by China. In 2017, supply and demand experienced significant changes, and capital outflows slid markedly. Supply and demand were relatively balanced, and the “countercyclical adjustment factor” had a stabilizing effect. These factors eased depreciation pressure on the yuan.
Source: Global Times | 2018/1/16 20:23:40

Effective solution required for fixing oversupply

Considering macroeconomic trends, global market competition, pressure to protect the environment and various uncertainties, we expect China's economy to grow more slowly in 2018 than in 2017, with expansion of about 6.5 percent.
Source: Global Times | 2018/1/15 22:58:39

Blended financing helps fill B&R project funding gaps

Blended financing is an emerging method of development funding that is being widely adopted by members of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD).
Source: Global Times | 2018/1/14 21:23:39

Why US dollar may be spent force in 2018?

In 2017, the US Dollar Index ended its eight-year uptrend and declined by 10 percent throughout the year, making it the worst performing year since 2003. At the start of 2018, even under the dual boost of US tax reform and the Federal Reserve's interest rate increases, the dollar continued to weaken, which was outside the expectations of most market participants.
Source: Global Times | 2018/1/11 21:36:48

Longer-term plan needed to reach economic goals

While the Chinese economy grew at an annual rate of about 6.7 percent in recent years, its potential economic growth has been on the decline, falling by 0.1 to 0.2 percentage points annually.
Source: Global Times | 2018/1/10 23:13:40

France should increase competitiveness to reduce trade gap with China

French President Emmanuel Macron is in China on his first trip to Asia. The trade deficit is one important topic for this trip, said media reports.
Source: Global Times | 2018/1/9 17:38:40

Waste exporters should improve recycling economy

On July 18, 2017, China notified the WTO it would stop importing four categories of solid waste covering 24 types of material, including polyvinyl chloride by the end of the year. The General Administration of Customs has also acted against the smuggling of “foreign waste.”
Source: Global Times | 2018/1/7 23:48:39

Antitrust laws promote competition, boost innovation in China

Germany's competition regulator, the Federal Cartel Office, is considering possible sanctions against US social media giant Facebook for abusing its dominant position, German newspaper Rheinische Post reported on Tuesday.
Source: Global Times | 2018/1/4 22:33:39

China's promise of shared destiny set to progress

China in 2018 holds the promise of equitable, fair and sustained engagement toward a shared human destiny.
Source: Global Times | 2018/1/3 23:13:39

Shale resources hold answer to China's LNG supply

China has shown its determination to tackle pollution by shifting from coal to natural gas. But the government is not solely responsible for the gas supply shortage this winter. Oil and gas companies didn't expect or plan for the rapid growth of natural gas demand.
Source: Global Times | 2018/1/2 23:08:40

Tale of 'red' village epitomizes China's countryside remaking

Almost 10 years ago, TIME published an article titled “The Richest Reds in China,” which told the story of Huaxi village, East China's Jiangsu Province. Defining Huaxi and its residents as “reds” not only described their political beliefs; it also referred to the organizational model of the village.
Source: Global Times | 2018/1/1 22:48:39

China is stronger in AI production and application than the US

In 2017, artificial intelligence (AI) developed rapidly in China, and many Chinese AI companies were inclined to expand their international businesses. It is reported that Alibaba Cloud is going to launch a new data center in India. Global Times reporter Bu Yingna (GT) recently interviewed Hu Xiaoming (Hu), senior vice president of Alibaba Group and president of Alibaba Cloud, to gain more information on the status quo and future trend of AI development in China.
Source: Global Times | 2017/12/28 21:48:39