SOURCE >> Expert assessment

China's 2020 GDP growth crucial for stabilizing expectation

Judging from recent statistics, the 2020 outlook for the Chinese economy seems gloomy. China's manufacturing purchasing managers' index (PMI) stayed below 50 for six consecutive months in the May-October period before finally edging up to 50.2 in November, indicating a slight expansion. The November consumer price index, an important gauge of inflation, jumped 4.5 percent year-on-year, marking a 94-month high. Economic slowdowns usually lead to a fall in the inflation rate due to lower demand, but higher inflation amid a slowing economy is more likely to result in stagflation.
Source: Global Times | 2019/12/15 18:43:39

Economic hardship 'not bad' for China

China is expected to maintain an economic growth rate of at least 6 percent in 2020. Still, the economy is preparing for the winter to last through next year. Economic hardship is anticipated, but the country's core concern is strategic policymaking: whether governments at both central and local levels, businesses and individuals opt for quality growth based on structural reforms or pursue fast, stimulus-driven growth.
Source: Global Times | 2019/12/12 20:18:40

China's economy to face 6 key challenges

The Chinese economy continues to slow down as it faces multiple pressures in 2019, but it is also showing resilience with the support of a complex set of stabilizing policies. Economic growth has remained in a rational and controllable range this year. 2020 will be a crucial year for China to secure a decisive victory in building a moderately prosperous society in all respects, but the country will face greater challenges, particularly in the following six aspects.
Source: Global Times | 2019/12/11 19:18:40

Chinese firms in Africa must raise image

As China-Africa economic and trade cooperation increases alongside the Belt and Road Initiative, more Chinese companies are eager to jump into the African market, hoping to expand their market share and development space.
Source: Global Times | 2019/12/10 19:56:38

Should China maintain 6% growth?

An article calling to prevent economic growth from sliding below 6 percent has sparked debate among Chinese economists.
Source: Global Times | 2019/12/9 22:43:11

Maintaining 6% should not be China's goal in 2020: expert

Maintaining growth at 6 percent should not be China's goal in 2020.
Source: Global Times | 2019/12/9 20:11:06

China should be wary of possible negative outcome from further stimulus: expert

There are two basic facts that people should realize about the Chinese economy.
Source: Global Times | 2019/12/9 20:11:00

How can the Chinese economy maintain growth of around 6% in 2020?

How will the country deal with the negative factors and maintain growth? Here is some advice from Chinese economists:
Source: Global Times | 2019/12/8 19:32:20

China should promote high-tech exports

Should China again call to “make every endeavor to promote exports?” The answer is most certainly yes. Based on current and upcoming domestic and global economic conditions, it's necessary for China to re-emphasize exports, particularly for its high-tech industries. As the world is expected to enter a long low-growth period given the uncertainties that come with long-term trade friction, stabilizing and expanding exports has become the priority of trade policies and will be crucial when it comes to combating external impacts.
Source: Global Times | 2019/12/5 18:43:40

Wealth distribution critical to US economy

The US economy is performing steadily. The country's production remains solid – especially in the technology sector – fortunes are gathering and asset prices are expected to continue rising. However, the real challenge facing the US economy today is wealth distribution. As the debt levels of all classes continue to mount, more money needs to be given to the country's people in order to maintain the economic growth of consumption power.
Source: Global Times | 2019/12/4 22:03:40

Trade war should be separated from political issues

Whether to let the so called Xinjiang-related bill get in between the China-US trade talks is fundamentally up to China. The US is attempting to introduce everything that can disrupt China to be related to the China-US trade war. If China goes along with the US' moves, all issues will be entangled with each other and the trade war will become an endless problem
Source: Global Times | 2019/12/4 19:54:54

Opening-up policies need firm application

In order to promote quality economic growth, the Chinese central government has rolled out a series of policies including the Foreign Investment Law which will come into effect on January 1, 2020, 11 measures on financial reform and measures to promote the development of pilot free trade zones (FTZs). These policies have been well received by markets, will significantly improve the domestic business climate and will boost investor confidence.
Source: Global Times | 2019/12/3 20:53:40

China needs fiscal, monetary stimulus to sustain growth

When a significant economy like China's faces an outlook of an evident slowdown, an economist's common-sense response would be to ram up the magnitude of fiscal stimulus, and simultaneously cut taxes and fees for the middle class so they will have more in their pockets to shop and activate domestic spending.
Source: Global Times | 2019/12/1 22:58:40

Power play entanglement misses the point of the RCEP

The fate of the Regional Comprehensive Economic Partnership (RCEP) may again take a fresh turn with a top Japanese negotiator saying on Friday that the country was not considering signing the trade pact without India.
Source: Global Times | 2019/12/1 21:08:40

China's economic growth can maintain stability in 2020 amid global slowdown

China's economic growth slowed further in 2019 due to structural, cyclical and external factors. Nevertheless, the economy is expected to maintain a medium-high rate of growth – likely around 6 percent – in 2020, if China can reach a phase one agreement with the US over the year-long trade war and adopt more powerful counter-cyclical measures to boost the economy.
Source: Global Times | 2019/11/28 22:18:40

US shouldn't push China to specify agricultural import amount in trade deal

The US shouldn't push China to make commitments on specific amounts of agricultural product import increases in a first-phase agreement that would defuse the year-long trade war, or even take this as an “achievement” to show off, because such a “special treat” for the US is not in accordance with the World Trade Organization (WTO) rules and is not reasonable.
Source: Global Times | 2019/11/28 21:53:40

Clarification of HK stance urgently needed from DC

A DC Comics poster showing Batman holding a petrol bomb has triggered heated debate online for its seemingly implicit support of Hong Kong's rioters.
Source: Global Times | 2019/11/28 12:31:00

Struggling Indian economy set to continue slowdown amid repetitious onion crisis

India's GDP growth is expected to slow further to a rate below 5 percent in the 2019-20 fiscal year, as the country's inflation level has been increasing amid developments in its onion crisis. The skyrocketing price of the vegetable ubiquitous in Indian cooking could lead to increased social problems. The overlap of rising inflation and the economic slowdown is sounding the alarm of potential stagnation for the Modi administration.
Source: Global Times | 2019/11/27 20:48:40