BIZ >> Expert assessment

Outcome of Brexit process vital for China-UK relations

The visit to China by Jeremy Hunt, the British Foreign Secretary, has raised hopes that the 'golden age' of China-UK relations, established under former UK Prime Minister David Cameron, will be maintained. During that period Britain sought excellent economic relations with China, took independent steps in foreign policy such as joining the Asian Infrastructure Investment Bank despite US opposition, and minimized provocative attempts to interfere in China's domestic affairs in Hong Kong and elsewhere.
Source: Global Times | 2018/7/31 22:18:40

Financial reform a boon for China-UK cooperation

The UK's new foreign secretary is making his first overseas visit to China on Monday to seek discussions on post-Brexit trade relations with Beijing. This year also marks a decade of the City of London Corporation's direct presence in Beijing and Shanghai. Sherry Madera (Madera), the City of London Corporation's special adviser for Asia, talked with Global Times London Correspondent Sun Wei (GT) about the half year review of the City of London Asia Next Decade campaign, which launched on Jan 25 this year to create partnership opportunities for Asia and London, with green finance, fintech, and the opening of capital markets as three key trends. The interview may offer insights on the future of China-UK bilateral cooperation.
Source: Global Times | 2018/7/30 22:53:39

China needs to stimulate economy amid US pressure

Facing a relentless trade assault from the US, China's policymakers must keep cool and be ready to replenish their toolbox so they can inject sufficient stimulus to bolster the economy, if it displays any sign of faltering.
Source: Global Times | 2018/7/29 22:03:40

BRICS' synergy builds community of shared destiny

The three-day 10th BRICS summit being held in Johannesburg, South Africa is scheduled to end on Friday. In the past 10 years, the event has become an important platform for consolidating development financing and promoting growth in developing countries. The BRICS – Brazil, Russia, India, China and South Africa – have long focused on four major development topics.
Source: Global Times | 2018/7/26 23:38:40

Intra-BRICS trade can substitute for US products

The 10th BRICS summit opened on Wednesday in Johannesburg, South Africa. The meeting takes place at a crucial time, when global trade and economic order are greatly challenged by protectionism.
Source: Global Times | 2018/7/25 22:43:42

BRICS Plus model can unite developing economies

With a privileged geographical position as a gateway connecting the continents of Africa and Asia, Egypt perceives that the BRICS Plus model provides an opportunity for open and diversified integration in the global economy.
Source: Global Times | 2018/7/24 22:53:40

China-Russia ties can reduce dependence on US

The world economy is gradually recovering but the US is causing uncertainty by acting aggressively toward its trade partners all over the world. Against this backdrop, before China, Russia and other BRICS members gather in Johannesburg, South Africa from Wednesday to Friday, the fourth China-Russia Economy Dialogue was held in Beijing by the Chongyang Institute for Financial Studies at Renmin University of China on July 15 and 16. On the sidelines of the conference, Bai Yunyi, a reporter with the Global Times (GT) interviewed Sergey Glazyev (Glazyev), a counselor to President of the Russian Federation Vladimir Putin, to seek his opinions on bilateral trade potential and how to deal with US trade hostility.
Source: Global Times | 2018/7/23 23:13:40

US wrong to doubt Huawei's academic partnerships

Recently Huawei was strongly criticized by several members of the US Congress. They asked the US secretary of education to investigate whether our cooperation with US universities on basic scientific research might threaten US national security. I believe this criticism displays an ignorance of how contemporary science and innovation work and I recently described it as “ill-informed” in a media interview.
Source: Global Times | 2018/7/22 23:53:39

Institutional investors can boost Chinese equities

Chinese investors in the A-share market have had a rough time lately. The Shanghai Composite Index has seen drops below 3,000 points and it is constantly touching new lows. On July 16, the National Bureau of Statistics released economic figures that showed good momentum for growth in the first half of this year. The GDP growth rate was stable at 6.8 percent year-on-year. Total trade value increased 7.9 percent. So China's economic performance was better than expected, despite trade tensions.
Source: Global Times | 2018/7/19 23:18:41

US think tank article blind to reality of China-US trade relationship

In a widely circulated piece, Robert D. Atkinson, founder and president of Washington DC-based think tank Information Technology and Innovation Foundation, spared no effort to parse what he concluded was a “bogus response” by China's Ministry of Commerce to the latest US tariff announcement.
Source: Global Times | 2018/7/18 23:38:40

Can US firms blame China for low investment return?

Sino-US trade friction, to some extent, arises from unbalanced trade as well as disputes over technology investment and transfer. Below the surface are cognitive and logical discrepancies between the two countries, which go beyond conflicts regarding fair trade and competition.
Source: Global Times | 2018/7/17 22:43:40

US trade aggression creates opportunity for Africa

As the three major economic blocs are gearing up for a showdown regarding tariffs and trade, Africa is standing on the sidelines with both opportunities and concerns in view.
Source: Global Times | 2018/7/16 22:33:40

Financial opening doesn't signify China's response to US coercion

The nation's latest round of financial opening is impressive. According to the recently released negative list for foreign investment, the country has scrapped foreign ownership limits on Chinese-invested banks and allowed foreign banks to set up branches or subsidiaries in the country. The upper limits on foreign stakeholdings in domestic brokerages, securities investment fund management, futures companies and insurance firms have been eased to 51 percent. By 2021, all ownership limits will be removed.
Source: Global Times | 2018/7/15 22:33:39

US the loser from Trump's nonsensical policies

The Washington Post's Catherine Rampell recently recalled that when US President Donald Trump held a session for Harley-Davidson executives and union representatives at the White House in February 2017, he thanked them “for building things in America.” Trump went on to predict that the iconic American motorcycle company would expand under his watch. “I know your business is now doing very well,” he observed, “and there's a lot of spirit right now in the country that you weren't having so much in the last number of months that you have right now.”
Source: Global Times | 2018/7/12 20:53:41

China can take advantage of Trump's trade policy

Does this Sino-US trade tension mean there will be a comprehensive and fierce confrontation between China and the US? Actually, in the foreseeable future, the possibility of this is quite low.
Source: Global Times | 2018/7/11 22:23:41

Vigilance needed against US economic terrorism

It is worth noting that the world today is full of uncertainties, with aggravated global public risks. The world economy is on the verge of becoming unbalanced and unsustainable. The gap between the rich and the poor has added to the risk, along with the indigenous shocks that come with technological advancement. Countries around the world should unite to cope with the risks. However, some countries, the US in particular, have been dragging others into deeper trouble by adopting economic terrorism.
Source: Global Times | 2018/7/10 22:23:42

China must look for alternatives to US market

One critical question hovering over the gathering trade tension between the world's two largest economies is this: If the administration of US President Donald Trump is bent on closing the country's door to China and erecting higher barriers to hold back Chinese manufactured goods, could China find alternative markets?
Source: Global Times | 2018/7/9 21:13:39

US continues down path toward state intervention

Despite US President Donald Trump's capricious personal style, one thing is certain: The trend toward strengthened state intervention will not change anytime soon.
Source: Global Times | 2018/7/8 21:18:40