BIZ >> Expert assessment

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

Genuine recovery in China depends on stronger demand

According to statistics, our real GDP growth rate posted a significant decline in 2012, which actually seems to have been a turning point.
Source: Global Times | 2017/10/9 21:03:39

New tech gives much-needed face to Apple in China

Some observers have been dismissive about Apple's forthcoming 10th anniversary iPhone, which is believed to enable face unlocking. But their scorn won't keep the new phone from heralding a new era of featuring face swiping in the world's largest Internet market.
Source: Global Times | 2017/10/8 18:18:39

Ratings fail to portray full picture of China's economy

Last week, Standard & Poor's rating agency lowered China's sovereign credit rating by one notch to A+ from AA- and revised its outlook to stable from negative. This means S&P's rating is in line with assessments from Moody's and Fitch, which cut their sovereign credit ratings for China in May and 2013, respectively.
Source: Global Times | 2017/9/28 22:23:39

BRICS face internal challenges as global role grows

Following the BRICS Summit in Xiamen, East China's Fujian Province, the question is how to build the second golden decade of the bloc. The BRICS (Brazil, Russia, India, China and South Africa) have expanded their “friends” circle with the “BRICS plus” mechanism so that a new cooperation partnership model with other developing countries can be built.
Source: Global Times | 2017/9/27 23:03:39

Venezuela seeks dollar freedom by pricing oil in yuan

Venezuela has recently begun pricing its crude oil in the yuan in a bid to circumvent US sanctions. As a Latin American country heavily relying on oil exports, Venezuela's decision came as a surprise.
Source: Global Times | 2017/9/26 20:18:39

Chinese enterprises need sense of mission in Pakistan

Pakistan has enjoyed a firm relationship with China for more than 60 years. However, in terms of bilateral cooperation related to the Belt and Road (B&R) initiative, many Pakistani media reports have alleged that these investments do not simply reflect the Sino-Pakistan friendship or represent pure assistance to Pakistan, but are instead driven by China's interests.
Source: Global Times | 2017/9/25 22:23:19

Yuan set for stability despite short-sellers' pessimism

In sharp contrast to widespread concern over the yuan's depreciation in 2016 and at the beginning of this year, the currency experienced an unexpected rally in recent months.
Source: Global Times | 2017/9/24 21:51:42

Japan-India cooperation requires objective view

India and Japan are getting closer. Japanese Prime Minister Shinzo Abe recently paid a visit to the Indian industrial city of Ahmedabad, where he attended the groundbreaking ceremony for the high-speed railway that will link the city to Mumbai.
Source: Global Times | 2017/9/21 21:23:39

Respect for local ways key to success in Africa

In Africa, it's very dangerous if a person or a company is not familiar with the local situation, does not respect local customs and is oblivious to the risks. Because national conditions vary widely among African countries, learning to “do in Rome as the Romans do” is very important.
Source: Global Times | 2017/9/20 22:38:40

In Northeast China, it's not the numbers but the trend that matters

The economic revival of Northeast China has been a frequent topic of public concern in recent years. Following an abrupt slowdown of GDP growth in 2014, it is justifiable that some are still dubious about the absolute value of the economic data from the three provinces in the region (Liaoning, Jilin and Heilongjiang), and some are even skeptical about positive data.
Source: Global Times | 2017/9/19 21:13:39

Virtual currency trading requires flexible approach

Virtual currency trading, notably fundraising through initial coin offerings (ICOs), has been hit this month by a powerful regulatory storm in China. However, some industry watchers have argued that the authorities should allow for flexibility when it comes to blockchain innovation.
Source: Global Times | 2017/9/18 21:58:39

BRICS pave way for new wave of common prosperity

The BRICS summit in Xiamen, Southeast China's Fujian Province, was a success, showing the world that developing countries are determined to work together and build a more prosperous and equitable world.
Source: Global Times | 2017/9/17 21:13:39

Benefits of foreign degrees diminish in China

Recently, a media outlet randomly interviewed 50 returnees in Hangzhou, East China's Zhejiang Province, and found most of them were not satisfied with their salaries.
Source: Global Times | 2017/9/14 19:43:39

China's rating agencies can use HK, Singapore as bases for overseas expansion

The internationalization of China's credit-rating agencies is still in its infancy. It's true that some of these agencies have launched operations in overseas markets including Hong Kong and Europe, but their share of these markets remains fairly small and they have very limited, if any, market clout. Domestic credit-rating agencies have a tough road ahead to compete with established international players.
Source: Global Times | 2017/9/13 22:28:39

IPO reforms will channel capital into real economy

Since the establishment of China's stock market, there has been a controversy over the IPO system. After 20 years of continuous study and research, especially since the deepening reform undertaken by the 18th National Congress of the Communist Party of China in 2012, the China Securities Regulatory Commission has announced the latest IPO system.
Source: Global Times | 2017/9/12 20:38:39

SOE mergers should avoid creating monopolies and reducing efficiency

Restructuring of China's strategically important State-owned enterprises (SOEs) has gained impetus of late, in Beijing's implicit attempt to prepare its behemoth national businesses for global market competition and turn them into corporate leaders for the 21st century.
Source: Global Times | 2017/9/11 21:43:39