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India can benefit from ongoing Sino-US trade dispute to increase exports to China

With China announcing plans to put tariffs of up to 25 percent on $60 billion of US goods, certain Indian products may become more competitive in the Chinese market. This will probably offer a chance to improve ties between the two emerging Asian powers and upgrade their trade structure.
Source: Global Times | 2018/8/29 22:08:42

Globalized yuan can lend support to B&R initiative

The Belt and Road (B&R) initiative has achieved some success and gained some international influence, but it's been a tough process. Despite the considerable amount of resources invested, the positive economic and political effects are still limited. The initiative has also encountered some criticism on debt issues, investment efficiency and sustainability.
Source: Global Times | 2018/8/29 22:03:42

US policies run risk of creating new financial crisis

The US economy is doing well. But the next recession – and there is always another recession – could be very bad.
Source: Global Times | 2018/8/29 20:43:41

Long, hard road ahead to renegotiate NAFTA despite signs of progress with auto deal

A deal between the US and Mexico is only the start of a tough road to renegotiate the North American Free Trade Agreement (NAFTA). Now Canada will rejoin the talks but hurdles like dispute panels remain. US President Donald Trump's fresh outburst at Canada on Monday will also make it hard to close the pact by the end of this week.
Source: Global Times | 2018/8/29 20:43:40

Keeping a lid on inflation must be priority in China

While recent official Chinese data suggest there was only a mild increase in the nation's Consumer Price Index (CPI) in July, the figure may have failed to capture the full picture. There have been abundant signs of rising inflation across the board, from healthcare to food to housing, and policymakers must be vigilant about the potential negative impact of high inflation on the economy and living standards.
Source: Global Times | 2018/8/28 22:13:42

Complex reshaping of industry chains means Sino-US trade dispute likely to drag on

The US and Mexico have reportedly reached a breakthrough in efforts to revamp the North American Free Trade Agreement. Some may believe the progress made by the US in advancing free trade is good news for the ongoing trade tension between China and the US, but the trade dispute between the world's two largest economies is unlikely to end soon.
Source: Global Times | 2018/8/28 22:13:41

McCain showed independent streak that remaining Republicans should learn from

John McCain was a financial maverick for a Republican. The Arizona senator, who died on Saturday after battling brain cancer, was famous for his independent streak. His last major contribution in Congress, before his illness forced him to stay close to home, was to help block his party's push to repeal Obamacare. McCain refused to toe the line on Wall Street, including on reining in firms from Goldman Sachs to Credit Suisse after the financial crisis.
Source: Global Times | 2018/8/28 19:43:40

CPEC offers win-win situation for 'iron brothers'

The China-Pakistan Economic Corridor (CPEC) is being widely discussed and covered in the media, but the relations between Pakistan and China go much further than the CPEC. We are strategic partners and our relationship has a long history. Chinese traders used to pass through Pakistan several thousand years ago.
Source: Global Times | 2018/8/28 19:43:39

Effective land reform can revitalize China's GDP growth

The Chinese economy is facing downward pressure. Maintaining stable growth has again emerged as a key issue. China has reached a point where it must choose whether to expand real estate and infrastructure.
Source: Global Times | 2018/8/27 22:28:40

Didi hitch services murders show greater regulatory efforts needed to ensure safety in China

The rape and murder on Friday of a 20-year-old female passenger by a driver for Didi Chuxing's Hitch service, the second such incident in three months, shows the urgent need for a real overhaul of the Chinese ride-hailing behemoth. More importantly, it calls for a rethink by the government to tighten its grip on all areas related to safety, security and health in China. That means changes to the regulatory framework and much harsher penalties for all parties that are legally accountable for acts that damage safety and security.
Source: Global Times | 2018/8/27 22:23:39

China-Pakistan agro ties can address trade imbalance

For some time now, Pakistani traders have been talking about the trade imbalance with China. Pakistan has developing industrial potential but it can't match China. However, in November this year, an opportunity is coming that might shift the balance of trade into a more mutually beneficial situation.
Source: Global Times | 2018/8/27 21:23:39

UK can limit no-deal Brexit currency crisis but vital role of finance sector still at risk

Britain is trying on its Brexit crash helmet. On Thursday, the UK government revealed the first batch of contingency plans for what happens if the country exits the EU next March without a deal. The papers are unlikely to assuage many people's concerns. What the government won't say, however, is that it has a trump card.
Source: Global Times | 2018/8/27 21:18:39

Rising CPI signals less leeway for monetary easing

China's consumer price index (CPI) jumped 2.9 percent year-on-year in February, accelerating to its fastest pace since December 2013. The consumer inflation reading fell below 2 percent between April and June before rising to 2.1 percent in July. The CPI on a monthly basis also returned to positive territory in July after posting negative growth from March to June.
Source: Global Times | 2018/8/26 21:38:40

Djibouti free trade zone demonstrates true value of China-proposed B&R initiative

Djibouti, capital of the East African state of the same name, is getting a makeover as a Chinese-built Djibouti free trade zone (FTZ), which will be the largest of its kind in Africa, paving the way for the rise of the Horn of Africa nation as a global trade hub.
Source: Global Times | 2018/8/26 21:33:39

Strong dollar suits Trump's ego but not the US

Having gained more than 8 percent in value since the start of the year, the US dollar is nearing highs not seen in more than a decade, and market indicators point to even more appreciation in the coming months.
Source: Global Times | 2018/8/26 20:23:40

Dismal Meitu results show harsh reality facing tech firms when user loyalty tails off

A Chinese mainland beauty app just revealed an ugly tech reality. Meitu unveiled dismal first-half results, which lopped nearly a fifth off its $2.9 billion market capitalization. A strategic makeover designed to focus more on social media offered little solace. Stiffer competition and regulatory crackdowns are taking their toll.
Source: Global Times | 2018/8/26 20:23:39

China can learn from India's experience with building a durable stock market

China's stock market has tumbled, ceding its ranking as the world's second-largest. The key Shanghai Composite Index has dropped more than 20 percent since the start of the year. As Chinese investors weigh up their losses, the dramatic performance of the stock market in India has become a hot topic on Chinese social media platforms. India may be Asia's best-performing major market, with the key BSE Sensex index up about 350 percent since 2008.
Source: Global Times | 2018/8/23 22:13:42

China must overcome the fear of yuan depreciation

At a seminar at Fudan University in Shanghai in December 2016, I argued that it doesn't matter whether or when the yuan would weaken beyond 7.0 to the US dollar, but it would matter if the nation massively depletes its foreign exchange reserves without justified causes.
Source: Global Times | 2018/8/23 20:23:40