BIZ >> Expert assessment

Leveling the playing fields for domestic and overseas companies sets China's reform road map

The world has been closely watching the latest round of high-level trade negotiations between the US and China, which took place in Beijing on Thursday and Friday, for clues as to whether a trade resolution will be reached before the March 1 deadline.
Source: Global Times | 2019/2/17 20:48:40

With many Chinese not having traveled abroad yet, raising income ought to be top priority

According to the latest data released by the State Administration of Foreign Exchange, China's tourism trade deficit reached $237.4 billion in 2018, an increase of $21.4 billion over the previous year. While the record high figure reflects the growing scale of outbound tourism consumption by domestic residents, it remains questionable whether the domestic demand is so strong that it even caused the record outbound tourism consumption.
Source: Global Times | 2019/2/14 21:23:40

Four economic problems that China needs to carefully manage

There are four key problems facing the Chinese economy in 2019 in the areas of real estate, micro, small and medium-sized enterprises (MSMEs), financial markets and zombie enterprises. The country is probably at a quandary regarding addressing these four key problems.
Source: Global Times | 2019/2/14 18:48:40

What are the implications for China resulting from Trump's World Bank presidential nominee?

Former World Bank president Jim Yong Kim suddenly announced his resignation on January 7, with the resignation taking effect as of February 1. Since then, speculation has been swirling as to who will take over Kim's post.
Source: Global Times | 2019/2/13 22:23:40

Brexit turmoil will continue, but how will it affect UK-China economic relations?

When Britain voted in the 2016 Brexit referendum, there were many in Chinese media who naively thought, “Well, that is a democratic decision. Britain will leave the EU.” However, critical issues in the West, as in other societies, are not decided by formal democratic processes but by power and money and the clash of powerful social forces. Therefore, the referendum did not resolve issues but unleashed the deepest British political crisis since World War II.
Source: Global Times | 2019/2/12 22:18:40

China's central bank bill swap different from Federal Reserve's quantitative easing

The People's Bank of China (PBC), the country's central bank, announced last month the creation of the central bank bills swap (CBS) aimed at supporting commercial lenders' perpetual bond sales. Primary dealers on the open market can swap perpetual bonds issued by qualified banks with central bank bills. Perpetual bonds with AA ratings and above can be used as collateral for medium-term, targeted, and standing lending facilities, and re-lending purposes.
Source: Global Times | 2019/2/11 22:04:59

Indian Ocean evolves to be a geopolitical wrestling venue among major global powers

With the US, Japan, India and Australia successively releasing their own “Indo-Pacific strategy,” the geopolitical competition in the Indian Ocean has gained growing attention and there has been much discussion about the position and role of the Indian Ocean in the geopolitical wrestling.
Source: Global Times | 2019/2/10 20:48:39

Will China be the next Japan or South Korea?

Economic development hardly has a universally successful model. An economic model that successfully catches up is not a model that maintains sustainable growth. The real difficulty is to distinguish whether it is necessary to alter the development model.
Source: Global Times | 2019/2/10 19:23:40

How will Brexit crisis affect China-UK economic ties?

When Britain voted in the 2016 Brexit referendum, there were many in Chinese media who naively thought, “Well, that is a democratic decision. Britain will leave the EU.” However, critical issues in the West, as in other societies, are not decided by formal democratic processes but by power and money and the clash of powerful social forces. Therefore, the referendum did not resolve issues but unleashed the deepest British political crisis since World War II.
Source: Global Times | 2019/2/7 10:00:05

China's new innovation stock board must block fake, unproven technologies

China's stock market authorities have moved to solicit public opinion on a set of newly-revealed rules to manage the country's maiden technology and innovation board, at the Shanghai Stock Exchange. The government aims to shore up the country's sustainable economic growth, in the future, by facilitating the fund-raising ability of a rising number of technology start-ups.
Source: Global Times | 2019/2/4 12:39:30

What is the way out for China's A-share market?

The biggest news for the mainland stock market before the Chinese New Year is probably that Yi Huiman was appointed as the new chairman of the China Securities Regulatory Commission (CSRC). It is widely hoped that the new head of China's securities regulator could lead the country's stock market onto a healthy development path and to play its role in supporting the domestic financing needs.
Source: Globaltimes.cn | 2019/2/3 13:04:29

Rising Brexit uncertainties testing May's resolve

In mid-January, UK's House of Commons struck down Prime Minister Theresa May's Brexit plan British and EU officials had previously agreed on, by 230 votes. Later, May narrowly survived a no-confidence vote and set out her revised Brexit proposal to lawmakers the following week. Britain's parliament voted on seven amendments in May's Brexit deal earlier this week, with five of the seven amendments defeated.
Source: Global Times | 2019/2/1 17:33:41

A-share revival can't bank on CSRC leadership change

Chinese mainland shares closed lower on Monday, the first trading day after Saturday's announcement of banking veteran Yi Huiman becoming the new head of the China Securities Regulatory Commission (CSRC), the country's securities regulator. A multitude of retail investors anticipating the onset of a bull market after getting a new CSRC boss, were disappointed.
Source: Global Times | 2019/1/31 18:38:41

US' conservative unilateral trade protectionism will affect Southeast Asian economies

Whether Southeast Asia has become one of the beneficiaries of the trade frictions between China and the US appears to have been a hot topic at the World Economic Forum in Davos, Switzerland. However, economic data recently released by Southeast Asian countries implies that it is not that easy for Southeast Asia to benefit from the China-US trade tensions, at least in the short term, and in fact quite the opposite may be seen.
Source: Global Times | 2019/1/31 0:28:39

Efforts needed to ensure healthy property growth

Since the beginning of 2019, the PBC, China's central bank, has taken a slew of moves to release liquidity into the economy. These moves are targeted to smooth out the capital squeeze of major banks before the Chinese New Year and are aiming to channel capital to the small and micro-sized enterprises. However, the changes have triggered concerns about whether China has gone back to reopen the floodgates of stimulus seen a decade ago. The real estate sector also wonders if the upcoming year will be their time again.
Source: Global Times | 2019/1/30 18:20:56

Consumption quality of China's middle-income population needs more attention

The latest official data shows that in 2018, China's GDP grew by 6.6 percent to hit 90 trillion yuan ($13.32 trillion) for the first time. Consumption expenditure accounted for 76.2 percent of GDP growth, up by 18.6 percentage points compared with the previous year.
Source: Global Times | 2019/1/29 21:04:35

China can handle economic challenges with reform

The global economy could well be headed for serious trouble in 2019. At work is a new twist to the time-honored linkage between global trade and GDP. With growth in global trade sharply diminished since the global financial crisis of 2008-09, an upsurge of protectionism and disruptions to global supply chains is all the more problematic. As a result, there is a distinct possibility that a slight turn in the trade cycle could well spark a surprisingly swift deterioration in the global economic climate.
Source: Global Times | 2019/1/29 17:33:40

What will the impact of an economic slowdown in China mean for India?

With China's official economic growth coming in at 6.6 percent in 2018, it seems certain that India again would overtake China as the world's fastest growing economy. While official data about the Indian economy is still unavailable, the World Bank has already forecast that India's GDP would grow at 7.3 percent in the fiscal year 2018-19.
Source: Global Times | 2019/1/28 20:29:39