BIZ >> Expert assessment

New benchmark key for China's interest rate liberalization

The country has now loosened its grip on deposit and loan rates, with commercial banks allowed to set their own interest rates based on the benchmark rates. This will allow the two parallel tracks to be gradually combined into one.
Source: Global Times | 2018/5/7 22:08:41

Joining B&R can help India diminish domestic poverty

Indian Prime Minister Narendra Modi paid a two-day official visit to China in late April and held an informal meeting with Chinese President Xi Jinping in Wuhan, Central China's Hubei Province. Hailing the sound development of bilateral ties, Xi said that the two countries have forged a closer development partnership and made progress on exchanges and cooperation in various fields, according to the Xinhua News Agency.
Source: Global Times | 2018/5/6 22:08:39

China, US will have to find ways to cooperate

US and Chinese officials are currently carrying out high-level talks in Beijing, trying to find a solution to the recent trade disputes. The negotiations between the world's two largest economies have drawn a lot of attention due to their potential influence on the global economy. The arrival of the US trade delegation indicates that the US has taken a step toward avoiding a massive trade war. China has also shown an open attitude to negotiations. Since both sides have their bottom lines to keep, it may be hard to reach a deal, but it is good to start somewhere. The China Macroeconomic Research Center (CMRC) of Peking University held a seminar on Sunday, at which researchers contributed their opinions on China-US economic and trade relations, which may shed some light on what is to come.
Source: Global Times | 2018/5/3 21:13:41

China must persuade US to abandon unfair 301 probe at talks

The trade delegation sent by the US government is set to arrive in Beijing on Thursday. Judging from the high-level organizational lineup, the US government is attaching tremendous importance to economic relations with China.
Source: Global Times | 2018/5/3 0:08:39

Preparation will boost China's chip progress

Following the ZTE incident, China has basically reached a consensus to develop its own chip technology. However, making semiconductors is very complicated, involving more than 50 industries and 2,000 to 5,000 processes. Some observers have said that mere enthusiasm alone won't lead to success and China may not achieve chip breakthroughs on its own.
Source: Global Times | 2018/5/1 21:53:40

Global partnerships can help China in AI race

While China has proven itself to be a hotbed of artificial intelligence (AI) development, there are still concerns over the nation's headway in some areas of the new technology. In an attempt to understand the core strength of the nation in optical computing technology, a new but crucial part of an AI-powered world, Global Times reporter Li Qiaoyi (GT) conducted an email interview with Nick New (NN), CEO of Optalysys, a UK-based firm that is commercializing optical coprocessors for AI and deep learning.
Source: Global Times | 2018/4/25 23:33:40

US view of trade with Africa offers opening for China

In March, the US announced the termination of Rwanda's zero-tariff treatment under the African Growth and Opportunity Act (AGOA) for 60 days, until Rwanda lowers tariff barriers to used clothing imports from the US.
Source: Global Times | 2018/4/24 22:48:39

US trade moves aim to protect tech hegemony

The real intention of the US in provoking trade friction with China has come to the surface. The targets are the emerging high-tech industries mentioned in the “Made in China 2025” strategy. The extent to which China and the US can open their markets to each other and the pace of opening the markets are the focus points.
Source: Global Times | 2018/4/23 22:53:39

US trade moves based on fear of competition

Sino-US trade friction has been getting tense. An increase in Sino-US trade tensions might have serious consequences for the world economy. Seeking insights on US President Donald Trump's one-man trade war, which bucks the trend of globalization as well as four decades of reform and opening-up in China, Global Times London correspondent Sun Wei (GT) talked to US economist Thomas Sargent, the 2011 Nobel Laureate in Economics (Sargent), after he gave a speech titled “Why Should Governments Pay Their Debts?” at the 120th Anniversary of the Peking University UK Symposium in Oxford last month.
Source: Global Times | 2018/4/22 23:23:40

ZTE case signals ties with US at turning point

On Monday US time, the US prohibited domestic companies from selling components to ZTE for seven years. This news has increased the possibility that Sino-US trade friction will widen into a science and technology war. How should China respond? Is this a turning point in the Sino-US relationship?
Source: Global Times | 2018/4/19 22:43:44

US ban may spur China's push for chip self-sufficiency

In a fresh crackdown on China amid growing trade tensions, the US on Monday announced a ban on the sale of components to Chinese telecom equipment maker ZTE Corp. This is more than a provocative reminder of the Trump trade bluff that serves neither side's interests; it's likely to prompt even greater indigenous efforts to develop China's semiconductor design and fabrication capacity.
Source: Global Times | 2018/4/18 22:08:40

China at start of new economic 'revolution'

If we were to choose a phrase that can serve as the pivotal theme of the world economy during the past week, it would have been the “opening-up” of China. Amid dark clouds cast by “an epic trade war” being waged by the US, traditionally known as a free trade standard-bearer, there have been growing worries about the superpower, a law unto itself, deviating from a multilateral trade system.
Source: Global Times | 2018/4/17 21:48:40

How can China help Angola achieve economic goals?

China and Angola established diplomatic relations in January 1983, and their strategic partnership has moved forward steadily since then. The Chinese government and enterprises actively participated in Angola's post-war reconstruction since the end of the civil war in 2002, mainly in the form of contracted construction. Smooth progress was made in bilateral cooperation in the form of “mutually preferential loans.”
Source: Global Times | 2018/4/16 22:13:39

Trade disputes with China shoot US in the foot

US-China trade friction has intensified, and one excuse that the Trump administration has used for trade protectionism against China is that China has been stealing US jobs, especially in the manufacturing sector.
Source: Global Times | 2018/4/15 22:03:41

ICT lifts China to become global trendsetter

The red-hot expansion of the high-speed broadband network in China since 2012 has enabled the country to power ahead in global industrial digitalization and business model modernization, giving birth to a huge “digital-savvy population” and helping China take up a clear lead in ICT development.
Source: Global Times | 2018/4/12 21:38:42

West's ODA leaves Africa weak, underdeveloped

Official Development Assistance (ODA) was designed to provide development resources including capital and technology to less-developed areas. Since World War II, Western donor countries have provided considerable amounts of aid for Sub-Saharan Africa. But we have not seen many examples, if any, of escaping the trap of poverty with these flows of ODA.
Source: Global Times | 2018/4/11 22:58:44

US can't cite China's 'economic aggression' in LatAm

Acting on behalf of US President Donald Trump, Vice President Mike Pence will travel this week to South America, after Trump cancelled his planned visit to deal with issues in Syria.
Source: Global Times | 2018/4/10 22:13:40

Trump's protectionism will dent confidence in US

US-China trade friction will not cause capital flight from China. On the contrary, investors know how the friction has arisen and they have a clear view on where it is going. The wise will put their money on China instead of the US.
Source: Global Times | 2018/4/9 22:48:39