BIZ >> Expert assessment

Yuan set for stability despite short-sellers’ pessimism

In sharp contrast to widespread concern over the yuan’s depreciation in 2016 and at the beginning of this year, the currency experienced an unexpected rally in recent months.
Source: Global Times | 2017/9/24 21:51:42

Japan-India cooperation requires objective view

India and Japan are getting closer. Japanese Prime Minister Shinzo Abe recently paid a visit to the Indian industrial city of Ahmedabad, where he attended the groundbreaking ceremony for the high-speed railway that will link the city to Mumbai.
Source: Global Times | 2017/9/21 21:23:39

Respect for local ways key to success in Africa

In Africa, it’s very dangerous if a person or a company is not familiar with the local situation, does not respect local customs and is oblivious to the risks. Because national conditions vary widely among African countries, learning to “do in Rome as the Romans do” is very important.
Source: Global Times | 2017/9/20 22:38:40

In Northeast China, it's not the numbers but the trend that matters

The economic revival of Northeast China has been a frequent topic of public concern in recent years. Following an abrupt slowdown of GDP growth in 2014, it is justifiable that some are still dubious about the absolute value of the economic data from the three provinces in the region (Liaoning, Jilin and Heilongjiang), and some are even skeptical about positive data.
Source: Global Times | 2017/9/19 21:13:39

Virtual currency trading requires flexible approach

Virtual currency trading, notably fundraising through initial coin offerings (ICOs), has been hit this month by a powerful regulatory storm in China. However, some industry watchers have argued that the authorities should allow for flexibility when it comes to blockchain innovation.
Source: Global Times | 2017/9/18 21:58:39

BRICS pave way for new wave of common prosperity

The BRICS summit in Xiamen, Southeast China’s Fujian Province, was a success, showing the world that developing countries are determined to work together and build a more prosperous and equitable world.
Source: Global Times | 2017/9/17 21:13:39

Benefits of foreign degrees diminish in China

Recently, a media outlet randomly interviewed 50 returnees in Hangzhou, East China’s Zhejiang Province, and found most of them were not satisfied with their salaries.
Source: Global Times | 2017/9/14 19:43:39

China's rating agencies can use HK, Singapore as bases for overseas expansion

The internationalization of China’s credit-rating agencies is still in its infancy. It’s true that some of these agencies have launched operations in overseas markets including Hong Kong and Europe, but their share of these markets remains fairly small and they have very limited, if any, market clout. Domestic credit-rating agencies have a tough road ahead to compete with established international players.
Source: Global Times | 2017/9/13 22:28:39

IPO reforms will channel capital into real economy

Since the establishment of China’s stock market, there has been a controversy over the IPO system. After 20 years of continuous study and research, especially since the deepening reform undertaken by the 18th National Congress of the Communist Party of China in 2012, the China Securities Regulatory Commission has announced the latest IPO system.
Source: Global Times | 2017/9/12 20:38:39

SOE mergers should avoid creating monopolies and reducing efficiency

Restructuring of China’s strategically important State-owned enterprises (SOEs) has gained impetus of late, in Beijing’s implicit attempt to prepare its behemoth national businesses for global market competition and turn them into corporate leaders for the 21st century.
Source: Global Times | 2017/9/11 21:43:39

China, Zambia must enhance industrial cooperation

China and Zambia have had a long history of exchanges and maintained a positive, stable bilateral relationship over the years. Under the commitment of the Forum on China-Africa Cooperation, China has constructed the Zambia-China Economic and Trade Cooperation Zone. However, based on the current investment situation, there are several major challenges to address.
Source: Global Times | 2017/9/10 19:53:39

Historic cycles to signal new round of growth in China

Chinese analysts are prone to rely on economic cycle theories. Since ancient times, Chinese classics have discussed cycles in the agrarian economy. As commodity prices are resurging after a plunge between March and June, pundits are once again invoking economic cycle theories to point to the beginning of a “new economic cycle.”
Source: Global Times | 2017/9/7 20:53:39

Time for BRICS to broaden their domestic-currency bond markets

With the BRICS Xiamen Summit having just concluded, it is high time to reflect on what could generate new momentum for the bloc’s next stage of development. This reflection can benefit from a longer-term perspective.
Source: Global Times | 2017/9/6 23:28:39

BRICS-wide e-commerce effort can boost trade

At the Meeting of the BRICS Trade Ministers held in early August, ministers unanimously approved the BRICS E-Commerce Cooperation Initiative. The initiative suggests that strengthening e-commerce cooperation will help promote trade growth, industrial upgrading and job creation in member countries.
Source: Global Times | 2017/9/5 23:58:39

BRICS build on infrastructure to aid global economy

The BRICS countries are convening in Xiamen, Southeast China’s Fujian Province, for their annual summit. A consensus was reached at the beginning of cooperation among the BRICS to emphasize the issue of infrastructure, which is the biggest obstacle to the economic and social development of many emerging market countries.
Source: Global Times | 2017/9/4 22:38:39

BRICS can gain by working with China through B&R

Established formally in 2009, the BRICS group – the five major developing economies – has demonstrated under the wise leadership of China that is possible to create a global economic platform. This weekend, the BRICS countries convened in Xiamen, Southeast China’s Fujian Province, aiming at deliver an effective integration and use of global resources toward better economics.
Source: Global Times | 2017/9/3 21:18:40

Economic plight of Northeast China sparks debate

Editor’s Note: How to revitalize Northeast China’s struggling economy has been the subject of intense debate in recent years. A 300,000-word policy proposal whose lead author was prominent domestic economist Justin Lin Yifu said that Northeast China’s Jilin Province should develop labor-intensive industries as the first step toward economic revival. That view set off another round of heated debate among economic experts and scholars. Here are some extracts of their viewpoints.
Source: Global Times | 2017/8/31 22:13:39

Puzzling EU actions will really disappoint China

Italy, France and Germany have jointly asked the European Commission to tighten existing rules to give EU member states greater flexibility to ban foreign takeovers of European companies, according to recent media reports. It goes without saying that these rules would target Chinese investment.
Source: Global Times | 2017/8/30 21:43:40