BIZ >> Expert assessment

China's priorities must suit changing times

After reading through the economic-related sections of General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping's report to the 19th National Congress of the CPC, we can sum it up in one sentence: development is still the top priority, with the means and focus moving with the times.
Source: Global Times | 2017/11/2 22:33:39

More needed to help SOEs gain world role

State-owned enterprises (SOEs), often seen as China's national champions, are poised to become global champions as the world's second-largest economy enters a new era, but more efforts are needed to facilitate this leap.
Source: Global Times | 2017/11/1 21:33:40

Lack of authoritative leadership hinders India's reform

Why is India having trouble promoting economic reform? It may be due to the political ecology of this country. India lacks a centralized authority similar to that of China, led by the Communist Party of China (CPC), which is the driving force of the nation's rapid economic development.
Source: Global Times | 2017/10/31 22:48:40

US subprime crisis, response offer lessons for China

Last month marked the 10th anniversary of the collapse of US investment bank Lehman Brothers, which triggered the most acute phase of the subprime crisis. The US is still recovering from the great recession that ensued from this event, and its policymakers have spent the past decade reining an overgrown and overreaching financial system.
Source: Global Times | 2017/10/30 22:13:39

Sino-US innovation cooperation promising for world

China and the US have bilateral cooperation in many fields, and in the future, cooperation on innovation will be of greater significance. The traditional innovation power, the US, and the new innovation engine, China, will steer the overall development of global innovation and entrepreneurship.
Source: Global Times | 2017/10/29 20:03:40

China strides into future under guidance of Party

Since the 18th National Congress of the Communist Party of China (CPC) in 2012, the Central Committee of the Communist Party of China (CPC) with Comrade Xi Jinping at the core, has made groundbreaking achievements in economic development.
Source: Global Times | 2017/10/26 22:33:39

Smart buildings can help China manage energy use

Industrial production and manufacturing have a reputation as heavy energy users. But few people are aware that, in line with the global trend of urbanization, large public buildings and facilities have an increasingly prominent role in energy consumption. Data shows that buildings are responsible for more than 40 percent of global energy consumption and 21 percent of greenhouse gas emissions.
Source: Global Times | 2017/10/25 22:33:39

Thriving Chinese economy attracting global attention

The world is paying more and more attention to China, especially its economy. The IMF has again raised its forecasts for China's economic growth rates this year and next.
Source: Global Times | 2017/10/24 22:28:39

China's economic governance will benefit entire world

As General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping delivered a speech at the opening session of the 19th CPC National Congress on Wednesday, a new paradigm of economic development and governance was announced that will have a deep impact on China's future in the 21st century.
Source: Global Times | 2017/10/23 22:18:39

Financial crises show superiority of Chinese model

This year marks the 20th anniversary of the Asian financial crisis and the 10th of the start of the global financial crisis. As these anniversaries coincide with the 19th National Congress of the Communist Party of China, it seems an appropriate time to analyze the achievements and trends of China's economy in the wake of these major crises and of China's relations with the rest of the world.
Source: Global Times | 2017/10/22 22:03:40

Improved rule of law a boon for China's economy

There is every reason to believe that many corporate executives are waiting for more direction from the 19th CPC National Congress before making investment decisions and drawing up development strategies.
Source: Global Times | 2017/10/19 23:08:39

What Western observers get wrong in assessing China

China's “four great new inventions” – high-speed trains, e-commerce, mobile payments and shared bikes – have drawn global attention. But there are widespread misconceptions about the world's second-largest economy. Yukon Huang (Huang), a senior fellow at the Carnegie Endowment for International Peace (CEIP) and a former World Bank country director for China, recently visited Beijing to discuss his book Cracking the China Conundrum: Why Conventional Economic Wisdom is Wrong. On Monday, just ahead of the start of the 19th National Congress of the Communist Party of China (CPC) on Wednesday, he spoke with Global Times reporter Li Qiaoyi (GT) in an exclusive interview.
Source: Global Times | 2017/10/18 23:28:39

Entrepreneurship education needs innovation focus

Education is an undertaking of long-lasting significance. Along with an upsurge of entrepreneurship in China, which seems to indicate that mass entrepreneurship has become a national obsession, a campaign-style entrepreneurship education has also become trendy among Chinese universities and colleges.
Source: Global Times | 2017/10/17 22:08:39

CPC has crucial role in maintaining SOEs' uniqueness

It has been a year since President Xi Jinping delivered his State-owned enterprise (SOE) Party building speech, and the country has made considerable headway in building the role of the Communist Party of China (CPC) in SOEs and deepening reform of the State sector in its entirety. There has also been increased awareness of and confidence in the country's unique model of developing a modern State sector.
Source: Global Times | 2017/10/16 21:38:40

India loses edge due to failure to build industrial base

Second-quarter economic figures show that India's manufacturing sector growth slowed sharply from 10.7 percent a year earlier to 1.2 percent, leading to only 5.7 percent GDP growth – far below the anticipated level of 6.5 percent and the worst performance since 2014.
Source: Global Times | 2017/10/15 19:18:39

Decoding China's 'holiday economy' is no easy job

According to published statistics, China's consumption during the National Day and Mid-Autumn Festival holidays this year from October 1-8 reached 580 billion yuan ($88 billion), surpassing expectations, with 710 million trips.
Source: Global Times | 2017/10/12 21:03:40

Chinese investment spurs economic growth in Africa

In an age of austerity in mature economies and slower growth in many of the world's emerging markets, China's importance as an international investor is greater than ever before. In Africa – the region with the world's fastest-growing population and youngest demographic profile – China is playing an increasingly transformative and visible role that is extending beyond that of a distant investor.
Source: Global Times | 2017/10/11 20:33:39

Chinese Dream linking China with the world

China is approaching a crucial moment with the 19th National Congress of the Communist Party of China (CPC) gathering in Beijing on October 18, where major decisions will be taken about governance and political strategy for the next five years. It is important to look closely at the gains achieved since the last session in 2012, and to examine with an intellectual view the implications of good governance of the CPC as it paves the way for China to lead globally in a world of uncertainties.
Source: Global Times | 2017/10/10 22:03:39