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Safety of overseas Chinese projects requires more attention as terrorism surges

Early in February, a shooting incident took place in Karachi, Pakistan. Chen Zhu, an employee of an affiliate of China's COSCO Shipping Lines in Pakistan was killed.
Source: Globaltimes.cn | 2018/2/20 13:08:36

China can win trade war with US through targeted retaliation policies

With the rise of trade protectionism in the US, the possibility of a trade war between China and the US has increased. The US also blocked various Chinese products and capital from entering its market, on the grounds of national security.
Source: Global Times | 2018/2/19 9:51:38

Trump has misunderstood reasons for US deficit with China

US President Donald Trump has claimed numerous times that China is taking advantage of the US with unfair trade practices. The Trump administration has also taken a series of protectionist measures that have pushed the two countries to the brink of a trade war.
Source: Global Times | 2018/2/18 10:01:32

Electrification of cars helps establish China as global tech leader

China is reaching quickly toward its promise to the 2015 Paris climate accord to rapidly reduce its world-topping pollution levels. China's central government, the mayors of its massive cities, and the people in these cities are seeing the evidence of lower pollution as blue skies are returning. Some claim that the increase in electric vehicle (EV) usage has brought on the clear skies - but it's more complex than that.
Source: Global Times | 2018/2/17 10:18:53

Gearing up for China's economy in new era

China has made extraordinary progress in a relatively short period of time. As its economy has grown and the base of economic activity has broadened, its reform challenge has become exceedingly complex. Once again, it is important to stress that financial engineering is not a substitute for the heavy lifting of reforms. There are no shortcuts on the road to China's new era.
Source: Global Times | 2018/2/16 11:08:38

Market should have more say in yuan rate

Since June 2017, several days after China's central bank announced it would introduce a countercyclical adjustment factor in calculation of the yuan's central parity rate, the Chinese currency reversed a nearly two-year depreciation against the US dollar. There were six main reasons for the yuan's strength.
Source: Global Times | 2018/2/15 11:07:00

Eying NEVs, China aims to move up manufacturing value chain

Facing an unprecedented chance to leapfrog other industrialized economies, China is expected to move rapidly and consistently up the manufacturing value chain in the coming years.
Source: Global Times | 2018/2/14 11:43:07

Global economy to witness golden week as Lunar New Year spending surges

Spring Festival, a traditional holiday in China, is likely to morph into a global spending spree this year.
Source: Global Times | 2018/2/13 22:38:40

US growth gains pace, but can China synchronize?

The latest GDP growth and unemployment rates signal a steady recovery of the US economy. The US has gone from a GDP contraction and 10 percent jobless rate in 2009 to an estimated 2.3 percent growth rate and less than 4 percent unemployment last year. This recovery is real and puts the US ahead of other developed countries.
Source: Global Times | 2018/2/13 22:38:39

Further convergence depends on new growth drivers

The world is now facing what observers are calling a “synchronized” growth upswing. What does this mean for the economic convergence of developed and developing countries, a topic that lost salience after the Great Recession began a decade ago?
Source: Global Times | 2018/2/13 19:23:39

State Bank of India looks well-positioned for growth despite unexpected losses

An era of reckless lending is proving hard to shake off. On Friday, State Bank of India, the country's largest lender, reported an unexpected dip into the red. It's a poor start to the tenure of new Chairman Rajnish Kumar, but at least he has a good idea of where the bank is headed.
Source: Global Times | 2018/2/13 19:18:39

US market turmoil shows constraints on growth

Earlier this month, turmoil that had been building for some time, shook US financial markets.
Source: Global Times | 2018/2/12 22:23:41

Suspension of Brazil rail project doesn't signal shift in economic ties with China

Brazil's reported decision to halt a planned railway to transport exports bound for China through Peru has sparked heated debate at a time when some countries are vigilant over Chinese investment, citing national security concerns. The market's major concern is whether the decision signals a shift in Brazil's attitude toward Chinese investment.
Source: Global Times | 2018/2/12 22:23:40

Energy efficiency key for China's ecological goals

China will step up reforms “of the system for developing an ecological civilization,” an important point raised in the 19th National Congress of the Communist Party of China. This is of pivotal significance for green growth. To proceed with ecologically conscious development, the country needs to put a ceiling on the use of resources, set minimum environmental quality requirements, draw an uncrossable “red line” for environmental protection, and put in place a baseline for energy safety. Such efforts will be the mainstays of the nation's ecological civilization push.
Source: Global Times | 2018/2/12 21:58:39

Cash becoming more prized asset as market turmoil dents even safest govt debt

Deciding whether to hold bonds or stocks these days is akin to choosing between the frying pan and the fire. Rising US Treasury yields helped trigger an equity market decline that last week officially became a correction. Given that fiscal and monetary policies could hurt even the safest government debt, cash may become the most prized of all assets in the selloff.
Source: Global Times | 2018/2/12 21:53:39

Africa will disdain responding to West's China smears

Recently, French newspaper Le Monde reported that China had hacked the African Union (AU) headquarters' computer system and downloaded confidential data, but it claimed that because of the aid China has given, AU officials dared not speak out.
Source: Global Times | 2018/2/12 0:03:40

Direct shipment of Pakistan seafood to Xinjiang a milestone in connectivity

The first shipment of about 1,150 kilograms of seafood imported directly from Pakistan has arrived in Urumqi, Northwest China's Xinjiang Uyghur Autonomous Region, Pakistani newspaper the Express Tribune said. The China-Pakistan Economic Corridor (CPEC) has received an increasing amount of attention due to its role in promoting infrastructure facilities in the South Asian country. But now, detailed plans are necessary to upgrade the “software” such as quarantine services to open a green channel for imports from Pakistan.
Source: Global Times | 2018/2/12 0:03:39

US yet to suffer full effect of damaging Trump policies

US President Donald Trump and Secretary of the Treasury Steven Mnuchin have promised an economic miracle. They argue that when the US adopts their policies, it will consistently achieve annual economic growth above 3 percent, or even above 4 percent. After a year of being in charge, pushing hard on deregulation, and getting what it wanted in terms of tax cuts, how is the Trump team doing?
Source: Global Times | 2018/2/11 21:33:40