BIZ >> Expert assessment

India needs to seize opportunity in RCEP talks

On Saturday, trade ministers from 16 Asia-Pacific countries gathered in the Cambodian city of Siem Reap to resume negotiations over the Regional Comprehensive Economic Partnership (RCEP). The proposed RCEP, which aims to create one of the world's largest trading blocs encompassing 45 percent of the world's population and 40 percent of global trade, is now at a critical moment. While the participating countries generally hope to reach a final deal by the end of this year, uncertainties should not be overlooked.
Source: Global Times | 2019/3/6 21:29:43

China's effort to standardize industrial hemp can help address rising US competition

China's exports of industrial hemp products have been growing fast in recent years, mainly because they are more cost effective than overseas industrial hemp products. However, in the future, Chinese hemp exports might take a hit from the rising industrial hemp industry in the US.
Source: Global Times | 2019/3/5 21:33:40

Clean energy development will boost industrial upgrade

Controlling oil consumption is of great importance for human beings and the whole world today, as mankind has entered a new era. Energy derived from fossil fuels is one of the major factors affecting the environment and climate change, which threaten the human race.
Source: Global Times | 2019/3/4 21:18:40

China-US trade agreement is anything but new version of 'Plaza Accord' sequel

After seven rounds of repeated negotiations, the China-US trade talks seem to have made a breakthrough. US President Donald Trump tweeted the US had “very productive talks” with China on trade. He also announced he would delay the scheduled March 1 tariff increase on Chinese goods.
Source: Global Times | 2019/3/3 20:08:39

'Make in India' and 'Made in China' not zero-sum game

India's first semi high-speed rail, the Vande Bharat, has become the focus of attention over the past few days, as various "accidents" reported by the Indian media have once again triggered discussion and even mockery of India's manufacturing initiatives.
Source: Global Times | 2019/2/28 18:54:44

India's slow industrialization shows failure to grasp globalization

A lack of infrastructure and obstacles in its foreign investment policies have also resulted in little gain for employment, although India's economy has grown at a considerable rate.
Source: Global Times | 2019/2/27 18:57:14

The fledgling Greater Bay Area needs 'affable guidance'

Given its appropriate timing and enormous opportunities, this development has undoubtedly provided the world a great of deal room to imagine its possibilities.
Source: Global Times | 2019/2/26 21:43:40

Economic development will remain India's focus regardless of election outcome

As India's lower house Lok Sabha elections approach, Devendra Fadnavis, chief minister of Maharashtra, said that if the Bharatiya Janata Party (BJP) loses, India will regress at least 50 years. Of course, Fadnavis was obviously over exaggerating.
Source: Global Times | 2019/2/25 21:44:02

Now it is time for the US to repair fraught ties with Huawei

If a country wants to claim a top perch as a technology leader, it should ratchet up market competition rather than obstructing rivals.
Source: Global Times | 2019/2/24 18:28:39

Beijing, Islamabad committed to making flagship CPEC project example for world

The China-Pakistan Economic Corridor (CPEC) is an example for the rest of the world.
Source: Global Times | 2019/2/21 22:34:06

Saudi Arabia's crown prince visits Asia seeking economic cooperation, not political mediation

The major goal for Crown Prince Mohammed bin Salman of Saudi Arabia to visit to India, China and Pakistan is to seek economic cooperation rather than to engage in any political mediation.
Source: Global Times | 2019/2/21 17:34:02

The US can't let debt cast shadow on its economy

As the data released by the US Department of Treasury last week showed, the country's total federal debt outstanding has exceeded $22 trillion. The US debt grew more than $1 trillion in the past 11 months.
Source: Global Times | 2019/2/20 17:38:40

China's monetary policy to sail out of the 'reefs' and into smoother waters ahead in 2019

The year 2018 saw China's monetary policy carefully sail through the “reefs,” as economic slowdown and surging exchange rate risk left little room for adjustment. However, since the beginning of this year, major internal and external changes have broken the dilemma.
Source: Global Times | 2019/2/19 20:58:40

Market buoyed by expectations for win-win trade deal between Beijing and Washington

The growing optimism that the US and China will soon hammer out a win-win trade deal following tangible progress made at their latest round of talks in Beijing is buoying the market. Both Wall Street and China's two stock bourses in Shanghai and Shenzhen have brightened with strong gains during recent trading sessions.
Source: Global Times | 2019/2/19 20:03:47

How to sustain positive economic development in China amid market uncertainties

The 2019 Annual Meeting of the Chinese Economists 50 Forum was held in Beijing on Saturday, with the theme “How to achieve the six stabilities and keep positive economic development in the long run.” Below are excerpts from speeches given by several renowned scholars and officials at the event.
Source: Global Times | 2019/2/18 21:23:39

India railway development reveals economic progress

Piyush Goyal, India's Minister of Railways and Coal, recently posted a video online of the Vande Bharat Express, the country's first semi high-speed rail. However, it was later revealed the footage had been doctored so the train would appear to travel faster than normal.
Source: Global Times | 2019/2/18 16:18:39

Leveling the playing fields for domestic and overseas companies sets China's reform road map

The world has been closely watching the latest round of high-level trade negotiations between the US and China, which took place in Beijing on Thursday and Friday, for clues as to whether a trade resolution will be reached before the March 1 deadline.
Source: Global Times | 2019/2/17 20:48:40

With many Chinese not having traveled abroad yet, raising income ought to be top priority

According to the latest data released by the State Administration of Foreign Exchange, China's tourism trade deficit reached $237.4 billion in 2018, an increase of $21.4 billion over the previous year. While the record high figure reflects the growing scale of outbound tourism consumption by domestic residents, it remains questionable whether the domestic demand is so strong that it even caused the record outbound tourism consumption.
Source: Global Times | 2019/2/14 21:23:40