BIZ >> Expert assessment

China delivers a modern economy during 40 years of reform and opening-up

Editor's Note: At a gala celebrating the 40th anniversary of China's reform and opening-up on December 18, 10 foreigners received China Reform Friendship Medals, marking China's acknowledgement of contributions they made to help realize the country's remarkable progress. Stephen Perry (Perry), Chairman of the 48 Group Club, was one of the recipients. Global Times reporter Chen Qingqing (GT) recently had an interview with Perry, talking about his impressions and stories during the country's reform and opening-up.
Source: Global Times | 2019/1/7 20:52:00

Why PM Mahathir seeks to engage with China?

After his coalition won the election in May 2018, Malaysia's Prime Minister Mahathir Bin Mohamad declared that he would suspend several Chinese-funded projects.
Source: Global Times | 2019/1/7 18:38:39

US stock market faces more volatility in 2019

The US stock market has been extremely volatile during 2018. From December 4 to 24, the Dow Jones Industrial Average slumped 4,000 points within 15 trading days. In fact it has rather contradicted with the tradition that US stock market usually performs well in December. By Monday, Standard & Poor's 500 index (S&P 500) had accumulated a 14.8 percent drop in December, worse than the 14.5 percent losses within the 12 months of the 1931 collapse during the Great Depression.
Source: Global Times | 2019/1/6 16:13:39

De-dollarization inevitable as yuan's global status rises

The global economy and the trade governance system have shifted from an old model in which other economies were orbiting around the US toward a three-horse race – the US, EU and China – meaning that de-dollarization is inevitable. The global trade, production and consumption arena has become a three-way race among Asia, Europe and the US, but the international currency system has long been dominated by the US dollar, highlighting a mismatch between the real global economy and international currency system.
Source: Global Times | 2019/1/3 15:33:39

Myanmar to make utmost efforts to ensure security of CMEC

Since the beginning of 2018, the friendly ties between China and Myanmar have continued their steady progress, with the two nations deepening pragmatic cooperation in a variety of areas. On September 9, 2018, the two sides signed a memorandum of understanding (MOU) in Beijing to build the China-Myanmar Economic Corridor (CMEC), one of the key projects of the China-proposed Belt and Road initiative (BRI). On November 8, the two countries signed a framework agreement on the Kyauk Phyu Special Economic Zone (SEZ) deep-sea port project in Nay Pyi Taw, Myanmar. Also, Myanmar has over the last two years been facing great international pressure over resolving the Rakhine State issue, but China has continued its support for the Myanmar government's stance on the issue. Recently at the Myanmar Embassy in Beijing, Global Times reporters Li Sikun and Li Qiaoyi (GT) got a rare interview with U Thit Linn Ohn (TLO), Myanmar Ambassador to China, seeking his input into some of the most important questions regarding the bilateral ties, most notably the CMEC.
Source: Global Times | 2019/1/2 19:08:39

Can 2019 be the year of China-Africa convergence?

As China and Africa are looking forward to 2019, after almost two decades of close strategic partnership in the 21st century, there are a few wishes that citizens and policymakers from both sides are aspiring to, and in my opinion, as an African living in China, the greatest of them would be the convergence between the Chinese culture and economy and the African potential and future.
Source: Global Times | 2019/1/2 15:43:39

CPTPP could be a strong trading partner for China

Much attention has been paid to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which officially came into effect on Sunday. Without the US, the 11-member free trade agreement, formerly known as the Trans-Pacific Partnership (TPP), now covers 13 percent of the global economy.
Source: Global Times | 2019/1/1 22:42:37

China needs to support domestic soybean farmers to strengthen food security

Amid the recent truce in the trade war, China has restarted imports of US soybeans, but there are still lots of uncertainties about the country's soybean trade.
Source: Global Times | 2019/1/1 15:58:39

Can 2019 be the year of China-Africa convergence?

As China and Africa are looking forward to 2019, after almost two decades of close strategic partnership in the 21st century, there are a few wishes that citizens and policymakers from both sides are aspiring to, and in my opinion, as an African living in China, the greatest of them would be the convergence between the Chinese culture and economy and the African potential and future.
Source: Global Times | 2018/12/31 10:04:24

Why can't China-US soybean trade return to the days of heavy interdependence?

Amid the recent truce in the trade war, China has restarted imports of US soybeans, but there are still lots of uncertainties about the country's soybean trade.
Source: Global Times | 2018/12/30 14:53:02