BIZ >> Expert assessment

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

China unlikely to relax monetary policy stance

Many major developments have affected global markets recently. These include the US plans to shrink its balance sheet, raise interest rates and overhaul its tax code. It should be closely watched how these moves will influence the US economy as well as the Chinese economy, and what their impact will be on China's monetary policy next year.
Source: Global Times | 2017/12/27 22:23:40

Economic aggression? Not from China!

A couple of years ago, when Chinese real estate mogul Wang Jianlin proposed to acquire a substantial stake in Paramount Studios and other entertainment assets in Hollywood, many US congressmen were irked and demanded that the Committee on Foreign Investment in the US scrutinize all Chinese investments in the US in a disguised attempt to protect so-called national security.
Source: Global Times | 2017/12/26 21:18:40

Cultural understanding strong bond for B&R success

The Belt and Road (B&R) initiative is a mega plan for the century. It will be a game-changer for the whole region, improving economic and security conditions. It will have a far-reaching impact on the geopolitical scenario of the region as well.
Source: Global Times | 2017/12/25 23:23:41

Economic potential abounds

As socialism with Chinese characteristics has entered a new era, the Chinese economy is expected to be rebranded as an innovative and well-balanced powerhouse that fills its people with pride in domestically developed products and solutions. This is certainly a reimagining of the economy that has over the past year made impressive progress on multiple fronts including consumption and technology, but that has yet to serve as an example of quality growth. With a focus on high-quality growth reverberating throughout the just-concluded annual tone-setting Central Economic Work Conference, which called for efforts to develop the economy with “Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era,” more inspiring institutional and policy reforms are in the offing.
Source: Global Times | 2017/12/22 0:26:04

Blue-collar market offers untapped potential

While graduate employment has drawn a lot of attention with regard to China's labor situation, it's worth noting that blue-collar jobs are still the mainstay of the country's job market. That's a reality that shouldn't be ignored as domestic recruiting sites explore ways to expand their business, preferably through a shift toward higher-end talent.
Source: Global Times | 2017/12/21 23:58:39

China needs to embrace cryptocurrencies trend

On December 17, bitcoin futures started trading on Chicago Mercantile Exchange (CME), the world's largest derivatives exchange. Since the 0.1 bitcoin test version was released in 2009, the price has been on a roller coaster ride. But it's soared 22 million-fold since the first trade in 2010.
Source: Global Times | 2017/12/20 23:53:40

Summit part of US drive to balance China, India

Ivanka Trump appeared as the President Adviser at the Eighth Global Entrepreneurship Summit in India's fourth-largest city, Hyderabad. Her speech on November 29 showed her personal charm to the fullest.
Source: Global Times | 2017/12/20 0:33:39

China's ports provide vision of future offered by B&R

Ports have always been the lifetime of trade and economic development, cultural intercourse and social interaction. For far too long, in too many places (both developing and even in some developed countries) the maintenance, expansion and upgrading of our ports and related facilities, has been neglected.
Source: Global Times | 2017/12/18 22:28:40

NEVs' future rests on cost-effective lithium mining

As the market for new-energy vehicles (NEVs) booms, lithium resources are being stockpiled around the world. If electric cars come to dominate the roads, lithium supplies will have a hard time keeping up with demand.
Source: Global Times | 2017/12/17 23:58:39

Fed's moves to reverberate through world markets

After a two-day meeting, the US Federal Reserve on Wednesday raised the target range for the Federal funds rate by one-quarter of a percentage point to 1.25-1.5 percent, sticking to its gradual rate-hike path. Since the interest rate hike was in line with market expectations, and the House of Representatives and Senate have approved separate versions of tax reform, the US stock market got a further boost, with the Standard & Poor's 500 index and the Dow Jones industrial average both hitting new highs.
Source: Global Times | 2017/12/14 19:38:39

US tax cuts ominous news for world's poor

Asked by a Chinese friend living in Miami for my opinion about US President Donald Trump's push to get tax cuts through Congress, my knee-jerk response is that it will exacerbate the divide of the haves and have-nots, lead to surging federal budget deficits, and leave the US' next generation to foot the bill for this generation's enormous irresponsibility.
Source: Global Times | 2017/12/13 22:03:39

China must move to blunt impact of US tax cuts

A US tax reform bill in Congress has drawn international attention, and US President Donald Trump has made a major stride toward the goal of tax reform. As the largest economy in the world, any adjustment in US domestic economic policy will definitely have a strong impact on the rest of the world.
Source: Global Times | 2017/12/12 22:13:40

Greece holds welcoming attitude to B&R integration

Amid the overall enthusiasm about the China-proposed Belt and Road (B&R) initiative, some concerns have been expressed about the sprawling plan. During his recent visit to Beijing, George Papandreou (GP), former prime minister of Greece and current president of Socialist International, talked to Global Times reporter Li Qiaoyi (GT) in an exclusive interview on Friday, offering his observations about how to address B&R-related concerns. Papandreou, who was one of the central figures in the Greek debt crisis, also shared his thoughts on Greece's economic outlook and China-Europe cooperation from a Greek perspective.
Source: Global Times | 2017/12/11 21:23:39

ADB's loan reform can offer model for B&R financing

As of the end of December, the loan reform of the Asian Development Bank (ADB) had lasted for one year, and with the international rating agency Moody's rating the bank at the Aaa level, it has attracted wide attention from the international community.
Source: Global Times | 2017/12/10 21:31:58

Import power represents an economic weapon

Import capacity is power. In 2010, when I witnessed then 52-year-old Toyota CEO Akio Toyoda being queried over Toyota's quality scandal in the US House of Representatives, I drew this conclusion.
Source: Global Times | 2017/12/7 22:48:39

Import power represents an economic weapon

Import capacity is power. In 2010, when I witnessed then 52-year-old Toyota CEO Akio Toyoda being queried over Toyota's quality scandal in the US House of Representatives, I drew this conclusion.
Source: Global Times | 2017/12/7 22:38:40