BIZ >> Expert assessment

Suspicion of China's aims won't help Africa develop

The 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), held from September 3-4, issued two important documents. The declaration and action plan not only reflect China's major role in promoting the development of the African continent but also show its promise of the “five no” approach to Africa, including no interference in African countries' pursuit of development paths and no interference in African countries' internal affairs.
Source: Global Times | 2018/10/9 21:38:39

China's economic policy won't be dictated by the US

Besieged by an unprecedented trade war launched by the administration of US President Donald Trump, both the US and China stand to lose, economists predict, depending on when the two governments in Washington and Beijing come back to the negotiating table and seal a deal.
Source: Global Times | 2018/10/8 18:58:40

Housing costs key constraint to Chinese consumption

On September 20, the Chinese government released new guidelines to support domestic consumption. The measures in the guidelines aim to create a secure consumption environment with better quality standards, credit systems and rental housing markets. With those measures, the country hopes to drive up domestic demand and stimulate consumption.
Source: Global Times | 2018/10/7 20:38:39

Japan's economic recovery to help offset trade tension

There are increasing signs that Japan's economy is gradually recovering from its longstanding weakness, which could be a sea change for a country that has suffered "two lost decades."
Source: Global Times | 2018/10/3 15:17:01

Chinese aid helps Africa's independent development

The Development Assistance Committee (DAC) of the Organization for Economic Co-operation and Development (OECD) has always emphasized the leading role of recipient countries in aid projects. But the passive status of recipient countries has persisted.
Source: Global Times | 2018/9/28 22:28:40

Public confident in Chinese economy amid trade war

The trade row between the US and China escalated as the Trump administration imposed new 10 percent tariffs on $200 billion of Chinese imports, effective Monday. From the new year, this round of US tariffs will be increased to 25 percent.
Source: Global Times | 2018/9/27 22:38:40

Value of China's market can help it win trade war

The trade war between China and the US has escalated again after the US government announced additional 10 percent tariffs on another $200 billion worth of Chinese goods, followed by China's retaliatory tariff increases on $60 billion worth of US imports. Most observers believe the dispute will deepen if neither side makes any concessions.
Source: Global Times | 2018/9/26 21:33:40

US tax cut overall may restructure global industry

While tariffs and a trade war could be seen as US President Donald Trump's extreme means of putting pressure on the world to fulfill his promise of “making America great again,” this begs a bigger question. Will his tax cut – the largest overhaul of the US tax code in three decades – generate a “siphon effect,” drawing industry and capital to the US and restructuring the global allocation of economic resources?
Source: Global Times | 2018/9/25 22:13:39

Europe must redefine partners amid trade tensions

Time after time, countries, companies and people face challenges. There are many different approaches to each problem, and there's no precise formula for success. However, resilience to adversity determines who we are.
Source: Global Times | 2018/9/24 21:13:39

Asia crisis lessons relevant for today's challenges

The Asian financial crisis, which swept through the region two decades ago, had many consequences – currency devaluations, high inflation rates, bursting bubbles and economic downturns. As one of the leading figures behind China's economic affairs at that time, then premier Zhu Rongji adopted appropriate macro-control policies and proactive responses to protect the Chinese financial sector and economy from the crisis' impact.
Source: Global Times | 2018/9/20 19:58:40

Why soybeans are a proxy for US-China trade war?

Soybeans have hit the headlines after being caught up in the China-US trade dispute. The tit-for-tat tariffs imposed by the two economic powerhouses have sent US soybean prices plunging to near 10-year lows, creating issues for producers and importers alike.
Source: Global Times | 2018/9/19 22:18:42

China can achieve 8% growth for next two decades

As China became the world's second-largest economy after growing at an annual average rate of about 9.5 percent over the past four decades, last year, socialism with Chinese characteristics has entered a new era. There are many understandings and interpretations about the new era, and here are some of mine.
Source: Global Times | 2018/9/18 23:33:40

China needs new mobility concepts for AI vehicle age

Governments can stimulate markets in many ways. China has for some time concentrated on developing its transport infrastructure – with fast inter-urban trains, highways and regional airports, most cities are only a few hours apart. This permits human and material resources to flow more easily to nurture the nation's economic growth prospects.
Source: Global Times | 2018/9/17 20:43:39

BoE governor fails to look at China's economy, risks objectively

A warning by Bank of England (BoE) Governor Mark Carney calling China “a risk to the global economy” in relation to the financial sector is essentially lopsided. Risks in China's financial system are controllable overall and pose no risk to global financial stability.
Source: Global Times | 2018/9/13 20:18:40

Data hides difficult times facing China's private firms

The development of China's private sector in the past 40 years has been miraculous. The private sector has now become an inseparable part of the Chinese economy.
Source: Global Times | 2018/9/12 19:23:42

Chinese companies need support amid restructuring

Social security in China will change big time in 2019 as tax bureaus are given the power to collect social security contributions. With the social security bureau responsible for collection, only a limited number of Chinese companies, especially privately owned small and medium-sized enterprises (SMEs), have made the correct payments for employees. Stricter enforcement is expected under the tax bureau.
Source: Global Times | 2018/9/11 22:18:40

China to take robust measures to boost economy

Fresh statistics show that China's economy is in good shape, though many people are deeply concerned about the downward pressure that's been building since the beginning of this year.
Source: Global Times | 2018/9/10 21:58:40

AI 'gold rush' mentality in China might backfire

The sober reality ought to give more weight to efforts that will strengthen China's tech fundamentals, AI implementation in particular.
Source: Global Times | 2018/9/9 21:53:40