It's time for Europe to learn from China in engaging in Africa
The just-concluded EU Summit on migration has come up with measures like securing centers for migrants to process asylum claims, strengthening external border controls, and boosting financing for Turkey and countries in North Africa. But these are old solutions to old problems.
US-Europe conflict drives the global trade war
The US government's simultaneous accusations against China and the EU regarding trade have had global repercussions. Trade between China, the EU and the US is 80 percent of global trade. If these three markets are involved in trade conflicts, it will certainly be a huge trade dispute of global scale.
China's financial sector won't suffer hard landing
The potential risk of financial panic has been occupying the headlines in foreign media reports recently. Amid stock market fluctuations and an increase in bond defaults, some investors' confidence in China's financial market has been shaken. But this lack of confidence will not limit China's progress.
Market fluctuations normal part of China's transition
Sagging mainland stocks, along with a bond correction and yuan weakness have led to concerns over the health of China's financial market amid lingering trade rows with the US. In an exclusive interview with the Global Times (GT) on Monday, Li Yang (Li), director-general of the National Institution for Finance and Development (NIFD) with the Chinese Academy of Social Sciences, discussed the nation's financial conditions and possible ways to cope with the problems facing the world's second-largest economy.
China's reforms will further boost globalization
In 2018, China celebrates the 40th anniversary of its reform and opening-up. In his keynote speech at the opening ceremony of the annual Boao Forum for Asia Annual Conference in April, President Xi Jinping said China will complete its revision of the negative list on foreign investment in the first half of the year and implement an across-the-board management system based on pre-establishment national treatment and the negative list.
Reforms won't put China's bank sector under foreign control
China is making further headway in pursuing comprehensive opening up. In December 2017, the country's banking regulatory body announced new opening-up measures. Among the new measures are eased limits on foreign ownership in all Chinese-invested banks and financial asset management firms except privately run banks, and the implementation of stake holding rules that allow for equal treatment for foreign and domestic financial institutions.
China should not sell off US bonds as retaliation
For Chinese capital, the escalation of the Sino-US trade war has led to a significant deterioration of the US investment environment and the risk of uncertainty in regulatory policies.
US putting itself under siege with its own walls
US President Donald Trump has been wielding his tariff stick and threatening other trade partners with investment restrictions. While he is bragging about the US manufacturing industry and claiming jobs are coming back due to his policies, Harley-Davidson, which is one of the victims of tariff retaliation by the EU, is shifting some production of motorcycles outside the US. The decision made on Monday has dealt a blow to Trump, who has attacked and threatened the iconic motorcycle company. This incident has cast doubt on Trump's unilateral trade policy.
China can win trade war by continuing market reforms
The Sino-US trade war has started. The US has kept escalating its trade provocations. Ignoring warnings from Beijing, US President Donald Trump threatened to fight back harder if retaliatory measures were adopted by China. Initial trade agreements achieved in recent talks have been shredded.
China-Pakistan trade tiff will not undermine friendship
On June 13, Pakistan's National Tariff Commission imposed anti-dumping duties on color-coated coil imports from China and South Africa. The decision triggered doubts about the China-Pakistan relationship, but these concerns are unfounded. The case is an economic one, rather than a political dispute, and it's not necessary to read too much into it.
US tariffs wake-up call for EU to view China as partner
Since Donald Trump announced his intentions to run for the presidency of the US, the whole world has claimed that Trump is a problem. However, this is inaccurate. Trump is not the problem, but a consequence. In other words, he is just the tip of the iceberg.
China must hold to opening-up in face of doubts
It's been more than four years since the Belt and Road (B&R) initiative was launched, and China has invested heavily in the push for the strategic initiative. Amid the uncertain political outlooks in the US and Europe, B&R-related rail, road and port construction plans are expected to provide economic prosperity in countries and regions along the route.
The initiative is significant in geopolitical terms, but it mainly revolves around infrastructure investment as China hopes to build a common market in partnership with other countries. So far it has been moving mostly in the right direction.
China can learn from India's tax whistleblowing rewards
The Ministry of Finance of India introduced an updated tax informant reward scheme in April, adjusting the reward ceiling from the equivalent of $22,000 to about $147,000 for hiding income and $734,000 for black money. Cui Yongyuan, a former Chinese talk show host, has blown the whistle for tax evasion in the entertainment industry, which rapidly developed into an internet sensation. The discussion of whistleblowers has taken center stage.
China's manufacturing needs to fight a protracted war
Starting at the end of last year, the difficulty of achieving the “Made in China 2025” initiative increased, with pressure from the US trade provocation and the domestic transformation and upgrading upgraded. To get to 2025, eight years lie ahead. In that time, China's manufacturing sector faces a protracted war that's similar to the Anti-Japanese War (1937-45) it fought.
Broader change needed for China's stock market to prosper
Looking back at the past few years, a basic consensus has been reached among financial practitioners and the relevant government departments in China that the main problems and risks in the domestic financial market are a result of its improper structure. The difficulties of addressing the excessive proportion of indirect financing and the inadequate proportion of direct financing are also an important factor.
Chinese cities seeking growth need more than people
There's a growing trend in China of bigger cities competing for talent to contribute to a national push for innovation-oriented quality growth, but few of these cities have well-designed policy toolboxes to leverage the inflow of talent for balanced growth.
Benefits of Korean unification likely to be internal
Although there's still uncertainty over prospects for peace on the Korean Peninsula, it seems that South Korea is highly optimistic about the economic aspect of its cooperation with North Korea.
Broader change needed for China's stock market to prosper
Looking back at the past few years, a basic consensus has been reached among financial practitioners and the relevant government departments in China that the main problems and risks in the domestic financial market are a result of its improper structure. The difficulties of addressing the excessive proportion of indirect financing and the inadequate proportion of direct financing are also an important factor.