BIZ >> Expert assessment

Market should have more say in yuan rate

Since June 2017, several days after China's central bank announced it would introduce a countercyclical adjustment factor in calculation of the yuan's central parity rate, the Chinese currency reversed a nearly two-year depreciation against the US dollar. There were six main reasons for the yuan's strength.
Source: Global Times | 2018/2/15 11:07:00

NEVs can spur China's rise in global value chain

Facing an unprecedented chance to leapfrog other industrialized economies, China is expected to move rapidly and consistently up the manufacturing value chain in the coming years.
Source: Global Times | 2018/2/14 11:43:07

US growth gains pace, but can China synchronize?

The latest GDP growth and unemployment rates signal a steady recovery of the US economy. The US has gone from a GDP contraction and 10 percent jobless rate in 2009 to an estimated 2.3 percent growth rate and less than 4 percent unemployment last year. This recovery is real and puts the US ahead of other developed countries.
Source: Global Times | 2018/2/13 22:38:39

US market turmoil shows constraints on growth

Earlier this month, turmoil that had been building for some time, shook US financial markets.
Source: Global Times | 2018/2/12 22:23:41

Africa will disdain responding to West's China smears

Recently, French newspaper Le Monde reported that China had hacked the African Union (AU) headquarters' computer system and downloaded confidential data, but it claimed that because of the aid China has given, AU officials dared not speak out.
Source: Global Times | 2018/2/12 0:03:40

China must reevaluate Central Asian energy supply

The sharp drop of liquefied natural gas (LNG) shipments through a key Central Asian pipeline network has put the already-tight domestic LNG supply situation to the test.
Source: Global Times | 2018/2/8 22:23:40

US market tumble ominous for Trump's policies

The US stock market rout has triggered fears that the bull run that followed the 2008-09 financial meltdown will be derailed. Affected by the US tumble, global markets fell, with the Shanghai Composite Index declining more than 1.8 percent on Wednesday.
Source: Global Times | 2018/2/7 22:48:41

Weak Fed chief means world faces excess US dollars

Quantitative easing (QE) is over in the US, but an easy-money policy continues. This is the current monetary policy stance adopted by the US Federal Reserve. As a result, the US dollar started 2018 with a rapid decline.
Source: Global Times | 2018/2/6 23:53:40

Lower growth can tame risk of 'gray rhinos' in China

As socialism with Chinese characteristics has entered a new era, the nation's economy has turned out to have two distinct sides. On the one hand, the economy is seen to be stabilizing, with indicators for 2017 beating expectations. The three wagons pulling the economy – investment, exports and consumption – all gained steam over the past year, while the new economy flourished.
Source: Global Times | 2018/2/5 22:23:40

A bubble not always bad if it leads to investments

What is the biggest bubble in the world today? The yuan. A bubble is not always bad, but the question is what to do after the bubble bursts?
Source: Global Times | 2018/2/5 0:08:39

Belt and Road requires new global dispute regime

In recent years, the Belt and Road (B&R) initiative has developed rapidly. Countries and regions along the route of the initiative have conducted in-depth cooperation in infrastructure, energy, trade, investment and finance since President Xi Jinping proposed the B&R initiative in 2013. However, along with such cooperation, disputes are also rising, making it extremely urgent to establish a dispute settlement regime for the B&R.
Source: Global Times | 2018/2/1 22:43:41

China, UK can work together in third countries

UK Prime Minister Theresa May arrived in Wuhan, Central China's Hubei Province on Wednesday to begin her three-day visit to China. A China-UK CEO Council was set up on Wednesday to offer a communication platform for companies from both countries, according to China's commerce ministry. Global Times London correspondent Sun Wei (GT) interviewed Sir William Ehrman, KCMG, former British Ambassador to China (Ehrman), on the sidelines of the China-UK Economic and Trade Forum held on January 18 in London, seeking his views on China-UK cooperation.
Source: Global Times | 2018/1/31 22:09:36

UK should abandon bias, seek closer ties with China

UK Prime Minister Theresa May was scheduled to arrive in China on Wednesday to pay a long overdue visit. The China trip comes against the background that a hard Brexit has become a fact. The UK and the EU have officially set March 2019 as the deadline for the UK to leave the EU.
Source: Global Times | 2018/1/30 20:58:39

Closing global wealth gaps requires cooperation

In recent years, the widening wealth gap in China has become a hot topic in the international media. However, virtually every country faces this problem. The latest report by Oxfam UK shows that 82 percent of the global wealth created in 2017 flowed to the richest 1 percent of the global population, while the world's poorest got nothing.
Source: Global Times | 2018/1/29 21:53:39

Legacy of QE policy portends long slide for US dollar

Despite the marked pick-up in economic momentum and a stellar spurt by US stocks, the US dollar has been on a protracted and steady road of depreciation. The euro, the yen, the Swiss franc and Canadian dollar have all jumped by a considerable magnitude.
Source: Global Times | 2018/1/28 19:33:39

Stronger yuan reflects improving of Chinese economy

The yuan's central parity rate on Thursday strengthened 192 basis points to 6.3724 against the US dollar, the highest level since November 2015. Earlier this month, the People's Bank of China (PBC), the country's central bank, reportedly removed a component known as the counter-cyclical factor from its mechanism of calculating the yuan's daily fixing against the US currency.
Source: Global Times | 2018/1/25 22:58:40

Planning is key for AI to support India's growth

With the rise of venture capital activity in India in recent years, money, projects and products from China's science and technology sectors have started to flow into India in large quantities. India is also vigorously developing its cloud computing, fifth-generation (5G) telecoms network, artificial intelligence (AI) and other emerging projects.
Source: Global Times | 2018/1/24 23:43:40

Cryptocurrency to bolster yuan's globalization

The internationalization of the yuan began as the Chinese people and Chinese enterprises began to go global. Clearing with the US dollar in international trade is unfavorable for the yuan, since the nation's foreign reserves contain a large amount of the US dollar and China is continuing to buy US government debt.
Source: Global Times | 2018/1/23 22:53:39