BIZ >> Expert assessment

China must overcome the fear of yuan depreciation

At a seminar at Fudan University in Shanghai in December 2016, I argued that it doesn't matter whether or when the yuan would weaken beyond 7.0 to the US dollar, but it would matter if the nation massively depletes its foreign exchange reserves without justified causes.
Source: Global Times | 2018/8/23 20:23:40

Africa seeks constructive cooperation with China

With the 2018 Beijing summit of the Forum on China-Africa Cooperation (FOCAC) scheduled for September 3-4, China is gearing up to receive delegates from the African continent to discuss progress in the strategic relationship and map out the future of a win-win model that is at the core of China's engagement internationally.
Source: Global Times | 2018/8/22 20:28:40

Turkish crisis offers lesson for emerging markets

Turkey's economic crisis may have been triggered by crippling tariffs on steel and aluminum imposed by the US, but there is a much deeper reason for the collapse of the Turkish lira, and it's one that other emerging markets must watch out for.
Source: Global Times | 2018/8/21 22:23:41

Can China isolate itself from global financial risks?

The Turkish lira crisis has continued to worsen, shaking global stock markets as well. Asian and emerging markets were damaged the most, and the damage also spread to the US stock market.
Source: Global Times | 2018/8/20 23:03:39

Looming demographic shock requires quick action

The new Chinese zodiac postage stamp issued by China Post, depicting a happy pig family with three piglets, has stirred discussion about whether the family planning policy will be abolished.
Source: Global Times | 2018/8/19 21:28:40

Only real economy can ensure China's sustainable progress

During the economic development of the past 40 years, China has seen the emergence of a number of famous brands such as the tech giants known as BAT (Baidu, Alibaba and Tencent). But behind the shining record, there are weaknesses and risks. There has been a lot of zeal for speculation, especially in the real estate market, and the real economy has been somewhat neglected due to its perceived low returns.
Source: Global Times | 2018/8/16 20:53:40

Efforts needed to counter anti-CPEC propaganda

US Secretary of State Mike Pompeo has warned the IMF against providing Pakistan with a bailout package to rescue its fragile economy. US Secretary of Defense James Mattis has also voiced concerns about the China-Pakistan Economic Corridor (CPEC), saying that the corridor passes through so-called “disputed territory.” US apprehensions about Pakistan-China relations in general and the CPEC in particular stem from strategic calculations based on the geopolitics of this region.
Source: Global Times | 2018/8/15 20:43:40

Dangers of China's household debt must not be overlooked

While the structure of world power is experiencing radical changes, it is crucial to contain and mitigate potential risks that could threaten economic growth. Household debt needs more attention, as the main focus has been on the debts of local governments and businesses.
Source: Global Times | 2018/8/14 20:33:40

US growth under Trump slowest since World War II

US President Donald Trump held a special press conference following the announcement of US annualized quarter-on-quarter growth of 4.1 percent in the second quarter to claim that this was “historic” – by which he meant “historically high.” This was a particularly clear case of “fake news” coming from a US president.
Source: Global Times | 2018/8/13 22:28:05

Challenges, choices in yuan internationalization

Trade friction with the US poses a challenge for China's financial markets. The markets are concerned over the next steps in wide-ranging reforms amid the yuan's slide and a weak stock performance, among other woes. Amid these issues, a host of influential people gathered at an event hosted by the China Finance 40 Forum, a leading Chinese think tank, over the weekend. The Global Times has extracted comments from the event held in Yichun, Northeast China's Heilongjiang Province that might shed some light on the path to a brighter economy.
Source: Global Times | 2018/8/12 22:53:39

'Debt colonialism' accusations on B&R ring false

In recent years, there has been an avalanche of negative reports about the Belt and Road (B&R) initiative, many of which are focused on the debt implications for countries involved. Some Western and Indian politicians and commentators have begun using the term “debt colonialism” to describe China's lending practices in Africa. However, the debt issue should be viewed objectively, rather than through a political agenda.
Source: Global Times | 2018/8/12 20:03:39

China needs confidence amid economic challenges

It seems China comes to a crossroads every ten years. In 1988, commodity prices surged. Private enterprises experienced an unprecedented challenge in 1998 after the Asian financial crisis led to a depressed market. In 2008, the manufacturing industry in China took a hit from the global financial crisis, and Chinese policymakers adopted stimulus measures to keep the Chinese economy growing.
Source: Global Times | 2018/8/9 20:13:43

Debate on China-US trade clash not always logical

The escalating trade war between the US and China has stirred up debate in both countries. With the livelihoods of many ordinary people in both countries at stake, rhetoric in the trade feud needs to be tuned down.
Source: Global Times | 2018/8/8 22:58:40

Sino-US friction won't reach all-out confrontation

Trade friction between China and the US has escalated throughout 2018. After being sworn in as US president, Donald Trump has attempted to arrest the trend of economic globalization, refashion trade cooperation and reverse trade deficits.
Source: Global Times | 2018/8/7 23:03:40

Targeted measures necessary for A-share problems amid trade tension

A sustained downward spiral in the shares of companies listed on the Chinese mainland, which has largely bucked the global upswing led by US shares, has intensified worries in China's financial market about the impact of a protracted trade war.
Source: Global Times | 2018/8/6 22:23:40

US must stop politicizing trade, technology issues

One of the excuses used by the US to start the tariff conflict with China is that China violated laws governing intellectual property rights (IPR) and “stole” IP from the West. This false accusation was intended to damage China's image and reputation.
Source: Global Times | 2018/8/5 22:18:39

US must stop politicizing trade, technology issues

One of the excuses used by the US to start the tariff conflict with China is that China violated laws governing intellectual property rights (IPR) and “stole” IP from the West. This false accusation was intended to damage China's image and reputation.
Source: Global Times | 2018/8/5 22:18:39

US companies can't afford to leave Chinese market

As the trade frictions between China and the US escalate, US companies in China and Chinese companies in the US are all feeling unease. One major concern is that companies will be the ones to absorb the negative impact from the ongoing trade tensions. As the one with fewer cards to play in this game, it is necessary for China to assess the position of US companies and their likelihood of leaving China for the US or other countries.
Source: Global Times | 2018/8/2 20:53:40