BIZ >> Expert assessment

Cooperation should set the course for China-US ties

US President Donald Trump has signed a memorandum to impose tariffs on up to $60 billion in Chinese products and restrict mergers and acquisitions by Chinese companies. This move has triggered strong reactions among global financial markets.
Source: Global Times | 2018/4/2 21:48:39

India destined to participate in the B&R initiative

The attitude of India toward the Belt and Road (B&R) initiative has been making headlines. Although doubts remain, I believe that India will participate sooner or later, because for India, the advantages of being an active participant far outweigh the disadvantages.
Source: Global Times | 2018/4/1 21:58:40

'Petroyuan' to propel currency internationalization

The Shanghai debut of China's first yuan-denominated crude futures trading market on Monday proved a great success, with major domestic and foreign traders displaying active interest. Total turnover amounted to 18.3 billion yuan ($2.9 billion) on the first trading day.
Source: Global Times | 2018/3/29 21:43:41

Crude oil futures another step toward a global yuan

A special moment came at 9am on Monday morning when the Chinese version of crude oil futures began trading in China. The Shanghai International Energy Exchange has drawn global attention with this move.
Source: Global Times | 2018/3/28 21:48:40

Sino-US trade war may be protracted battle of attrition

The story of the farmer and the viper is well-known. The freezing viper betrayed the kind farmer by biting him. Now the world is witnessing a modern version of this story. Recently, the US government set forth a “precision strike” against China, imposing tariffs on Chinese products. After announcing exemptions for its traditional allies, the punitive policies stayed in force for China.
Source: Global Times | 2018/3/27 23:03:41

Insurance can make financing of B&R projects safer

Recent research has found that only 10 percent to 20 percent of Belt and Road (B&R) initiative projects can be smoothly financed. However, if insurance is involved in the early stages, financing and work on a project itself can go faster. In this case, insurance plays a role as a capital provider, although this role is often overlooked.
Source: Global Times | 2018/3/26 22:48:39

Loans benefit Africa without onerous conditions

Chinese loans to Africa have been growing in recent decades, and they become a focus especially after Rex Tillerson, former US secretary of state, said during a trip to Africa that the loans increase the continent's indebtedness.
Source: Global Times | 2018/3/25 22:36:53

China has various options for hitting back at US on trade

US President Donald Trump has threatened to impose tariffs on imports from various countries, but has granted Canada, Mexico and Australia immunity. The tariff order also allows any country with a security relationship with the US to hold discussions, with the possibility of further exemptions. But Trump has been more and more aggressive in his trade measures toward China.
Source: Global Times | 2018/3/22 21:53:40

Dubious petro plan may be Venezuela's only option

In December 2017, the US branch of Chinese oil and gas firm Sinopec sued the Venezuelan state-owned oil company PDVSA and a settlement was reached in the same month. PDVSA agreed to pay $21.5 million in two installments, but it will take a long time to recover the huge amount of loans China provided for various infrastructure projects. What makes it worse is that oil production in Venezuela has plunged to a 28-year low because of a lack of investment in oilfields. The oil shipped to China has also been decreasing. The idea of paying back the loans with oil has become less realistic.
Source: Global Times | 2018/3/21 22:08:41

China-India trade can be bridge against protectionism

A long military standoff at Doklam between June and August and other continuing irritations were seen as defining the nature of China-India relations during 2017. However, Chinese customs figures reveal how positive countercurrents had been wafting all along without being noticed.
Source: Global Times | 2018/3/20 23:38:39

China needs to invest more in supercomputer race

This year or next, China may lose its global supercomputer leadership, and how to respond will be a challenge. Wu Lixin, an academician of the Chinese Academy of Sciences and a deputy to the 13th National People's Congress, expressed this concern during this year's two sessions.
Source: Global Times | 2018/3/19 20:43:39

Joint efforts can clean breeding grounds for bad debt in China

China's banking regulator has announced it would adjust the provision coverage ratio for commercial banks from 150 percent to a range of 120-150 percent and the loan provision ratio from 2.5 percent to a range of 1.5-2.5 percent. The notification also said the ratios will be adjusted on a case-by-case basis within these ranges. These steps show China is moving forward with curbing bad debts.
Source: Global Times | 2018/3/18 23:03:40

Training, e-commerce can unlock growth in Africa

Since the 21st century began, Africa has achieved rapid expansion and become a new pole of world economic growth. However, problems still exist, such as structural contradictions in Africa's economy.
Source: Global Times | 2018/3/15 22:48:41

Solving China's water shortage key to ensuring growth

Recently, some observers have warned that China's current water crisis is imminent, and if the problem cannot be solved effectively, it will limit China's implementation of the next step of its economic plans.
Source: Global Times | 2018/3/14 23:28:41

Geely deal shows overseas investment backs economy

When Li Shufu, chairman of Chinese carmaker Geely, bought nearly 10 percent of Daimler, the parent company of Mercedes-Benz, becoming the largest single shareholder, there was much talk at home and abroad. Pressure and excitement came together with jealousy and fear.
Source: Global Times | 2018/3/13 22:18:41

China in race to catch up with US in AI revolution

Artificial intelligence (AI) is coming into full bloom, with the potential to bring dramatic change to our interaction with technology and related internet, computing processing products and services.
Source: Global Times | 2018/3/12 22:43:39

Trump's trade tariff moves buck global trend

Most countries in the world, notably China and Germany – currently the dominant economic powers in Asia and Europe – hold a strong belief that only free trade can help inspire dynamic economies and foster healthy economic growth.
Source: Global Times | 2018/3/11 22:18:39

Giving credit where due can help cut systemic risks in China

A critical gap in China's financial landscape, which is being transformed by the internet, is set to be filled with the central bank's recent issue of the nation's first personal credit-scoring license.
Source: Global Times | 2018/3/8 21:58:40