BIZ >> Expert assessment

Common interests ease India's accession to SCO

Shanghai Cooperation Organization (SCO) representatives have gathered in the Russian city of Sochi this week for the first high level meeting to include India as a full member of the bloc since India's accession to the SCO earlier this year, a move that has now given New Delhi a greater voice. Given its economic size, India has a significant role in regional affairs and is unlikely be sidelined within the SCO mechanism. China may need to find ways to properly cope with India's concerns and maintain the bloc's internal unity and collective decision-making.
Source: Global Times | 2017/11/30 22:13:40

Uncertainties of overseas markets may transmit P2P risks back to China

A number of Chinese peer-to-peer (P2P) lending companies went public in the US this year. Those P2P firms have been growing quickly, with some venturing into high-risk segments such as campus loans and cash advances. As they go public overseas, it creates potential risks that may eventually affect China's financial stability. Supervision is needed to bring the P2P lending sector in order.
Source: Global Times | 2017/11/29 22:48:39

B&R offers opportunities for Singaporean firms that leverage strengths

The China-proposed Belt and Road (B&R) initiative is an ambitious undertaking that has the potential to reshape the global economy and transform world trade. Singapore, a key node along the Maritime Silk Road, is well-positioned to advance the B&R initiative by bridging China and other countries along the route. Recognizing its strategic location and unique position, Singapore has been proactive in seeking B&R opportunities.
Source: Global Times | 2017/11/28 23:23:39

Philippines needs new drivers to modernize economy

The Philippine economy expanded 6.9 percent year-on-year in the third quarter of this year, faster than China's 6.8 percent, making it one of the fastest-growing economies in Asia.
Source: Global Times | 2017/11/27 22:08:39

China-Myanmar corridor should prioritize practical needs of both sides

On November 19, China proposed the establishment of a China-Myanmar economic corridor, starting in Southwest China's Yunnan Province, crossing the border, going through the economic center of Myanmar, Mandalay, then splitting into two legs.
Source: Global Times | 2017/11/26 22:18:39

Landmark B&R agreement powers Moroccan dream

The landmark signing of a bilateral memorandum of understanding on the Belt and Road (B&R) initiative will bring the shared future of both countries into a new era.
Source: Global Times | 2017/11/23 22:53:39

New opportunities for China from Russia-ASEAN ties

At the ASEAN Summit in the Philippines earlier this month, Russian Prime Minister Dmitry Medvedev said that cooperation between Russia and members of the Association of Southeast Asian Nations (ASEAN) has great potential.
Source: Global Times | 2017/11/22 23:18:39

US tax cuts may test Chinese firms' competitiveness

The US House of Representatives on Thursday passed a tax reform bill, a milestone piece of legislation that would mark the most significant change in the US tax system since 1986.
Source: Global Times | 2017/11/21 22:33:39

Free trade ports require more systematic reform

Since free trade ports will provide special policies, which will mean more investment and development, many regions of China are actively seeking to be the locations of free trade ports. Shanghai, the first region in China to open a free trade zone, has taken the initiative.
Source: Global Times | 2017/11/20 22:18:40

Shift in US aid to Africa signals emphasis on politics

The US House of Representatives held a hearing on appropriations for US aid to Africa in October. The Donald Trump administration requested $5.2 billion for Africa in fiscal 2018, which would be close to 35 percent less than in 2015. Of the total, $3.7 billion, or 70 percent, will be allocated to 10 countries in line with US strategic interests including Kenya and Nigeria.
Source: Global Times | 2017/11/19 22:43:40