BIZ >> Expert assessment

No room for sharp depreciation of yuan in near term

As a result of the rebound of the US Dollar Index, the yuan's value has recorded a rapid depreciation against the dollar this year. Specifically, the central parity rate of the yuan against the dollar reached 6.95 on October 26, down by 10.8 percent from a rate of 6.27 on April 2.
Source: Global Times | 2018/10/29 22:18:40

Pricey US stock market poised for historic reversal

The US stock market plunged again on Wednesday after several major drops, erasing almost all gains since the beginning of this year. The three major US indexes showed signs of ending their bullish run and contracting, even before the end of September.
Source: Global Times | 2018/10/28 22:33:39

Complementary strengths can drive China-Japan ties

Japanese Prime Minister Shinzo Abe is currently paying an official visit to China. This is the first time in seven years that a Japanese prime minister has made an official visit to China, a sign of warming relations between the two countries. Deepening economic cooperation and joint third-party market exploration will be among the key topics during his trip. The Japan External Trade Organization (JETRO), managed by the Ministry of Economy, Trade and Industry, has been focusing on promoting mutual investment and trade between China and Japan for many years. In an exclusive interview, Global Times reporter Xing Xiaojing (GT) talked to Takeo Donoue (TD), director-general of JETRO's Beijing office, about recent hot issues in the China-Japan relationship.
Source: Global Times | 2018/10/25 23:18:41

Proper policies key to easing stresses on China's economy

Against the background of the dispute with the US, the impact of trade on the Chinese economy has become a hot topic.
Source: Global Times | 2018/10/24 21:58:40

Huawei needs to show it can't be bullied by US

Huawei Technologies, the world's largest telecom equipment gear maker and second-largest smartphone vendor, has advanced on many technology fronts, particularly in leading global 5G research and development.
Source: Global Times | 2018/10/23 21:03:40

New US law sends harsh signal to foreign investors

On August 13, US President Donald Trump signed into law the Foreign Investment Risk Review Modernization Act (FIRRMA), marking the most important reform to the review process of the Committee on Foreign Investment in the United States (CFIUS) in more than a decade.
Source: Global Times | 2018/10/23 18:53:40

End China-US economic 'war' before it gets worse

I published a book in 2014 on the codependent economic relationship between the US and China. This argument has been compelling for many years. With its economy in a weakened state in the late 1970s, China was quick to turn to the US for external support for Deng Xiaoping's strategy of “reform and opening up.”
Source: Global Times | 2018/10/22 20:38:39

China's economic fine-tuning needs to move counterclockwise

China's economy expanded at 6.5 percent year-on-year in the third quarter, for the first time falling beyond the 6.7-6.9 percent growth range of the previous 12 quarters. This indicates growing downward pressure on the economy. In response to the downward pressure, for the remainder of the year and running into early next year, it is necessary for the country's macroeconomic fine-tuning to seek the right moment for moderate counterclockwise moves.
Source: Global Times | 2018/10/22 19:08:40

China-India cooperation can be global yardstick

India, as one of the key emerging economies along the route of the Belt and Road initiative (BRI), is a partner that China cannot ignore as it seeks to diversify its international trade. China and India are the world's two most populated countries, as well as two crucial Asian economies. The cooperation between them is expected to become a yardstick of South-South cooperation.
Source: Global Times | 2018/10/21 20:18:40

CPEC won't be derailed by misleading reports

Not long ago, I did field research along the China-Pakistan Economic Corridor (CPEC) route and was very impressed by the progress of infrastructure construction. Here are just a few observations.
Source: Global Times | 2018/10/18 22:03:42

Divergences rise in macro-policy amid trade battle

With the recent cut to banks' reserve requirement ratio, China seems to have de-pegged its monetary policy from that of the US. Central banks of the two countries are now giving more emphasis to their policy independence instead of coordination.
Source: Global Times | 2018/10/17 21:48:40

Progress on BCIM may change India's attitude

While the Bangladesh-China-India-Myanmar Economic Corridor (BCIM) has seen significant progress under the impetus of the Belt and Road initiative (BRI) since 2013, its construction has been held back by misunderstandings and misjudgment on the Indian side.
Source: Global Times | 2018/10/16 22:28:40

Dollar bonds show confidence in Chinese economy

On Thursday, China successfully issued $3 billion in sovereign dollar bonds, attracting the attention of the international financial market. The Chinese Ministry of Finance issued $1.5 billion worth of five-year notes with nominal interest rate at 3.25 percent, $1 billion in 10-year notes at 3.5 percent, and $500 million in 30-year bonds at 4 percent in the Hong Kong Special Administrative Region.
Source: Global Times | 2018/10/16 21:53:42

Mutual need can drive China-Japan industry teamwork

At the invitation of Premier Li Keqiang, Japanese Prime Minister Shinzo Abe is scheduled to pay an official visit to China from October 25-27. As the trip comes amid the escalating trade row between China and the US, it could be seen as an opportunity for China to strengthen economic and trade ties with another major economy so as to preserve its position in the global value chain.
Source: Global Times | 2018/10/15 22:18:39

As US closes up, EU and China must build closer ties

As the world struggles to deal with an aggressive US administration that is only interested in its “America First” motto and a protectionist agenda, there is debate about how to find the right way ahead for the next three years at least.
Source: Global Times | 2018/10/14 18:23:39

Deepening reform only path for China's rise

With the Sino-US trade war escalating, a detailed analysis of the US tariff lists could enable rational judgments about China's position in the trade row.
Source: Global Times | 2018/10/11 19:33:40

Chinese central bank should prepare more powerful policy tools

On October 7, the last day of the week-long National Day holidays, the People's Bank of China (PBC), the central bank, said it would cut the reserve requirement ratio (RRR) for some lenders by 100 basis points, effective October 15.
Source: Global Times | 2018/10/10 22:13:41

Suspicion of China's aims won't help Africa develop

The 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), held from September 3-4, issued two important documents. The declaration and action plan not only reflect China's major role in promoting the development of the African continent but also show its promise of the “five no” approach to Africa, including no interference in African countries' pursuit of development paths and no interference in African countries' internal affairs.
Source: Global Times | 2018/10/9 21:38:39