SOURCE >> Expert assessment

Using SWIFT settlements to threaten China will backfire

As bilateral tensions continue to elevate, the US has been taking up various measures to contain China. Russian media recently reported that the US may even roll out extreme financial blockades to hamstring China and Russia, which could mean excluding the two countries from the US dollar denominated international payment network or SWIFT, a drastic move that will bring huge destruction to the international financial system.
Source: Global Times | 2020/6/30 20:35:10

India's Chinese app ban will hurt Indian IT workers and escalate tensions

The recent stand-off between China and India has made headlines around the world, especially since it turned ugly and resulted in unfortunate casualties on both sides. Although calm minds from both should have dominated the waves to de-escalate the situation, we saw a very different trend fueled by a segment of the Indian media. A nationalistic hype is being generated by the mainstream media which has the potential to transform into a nationalistic frenzy. Though unfortunate events occurred at the border, the situation must not be turned into an opportunity for warmongers.
Source: Global Times | 2020/6/30 18:09:14

Indian nationalism may sink trade with China over 30%

India's recently accelerating nationalism toward China has spilled to economic areas. That, coupled with the fallout of the deadly COVID-19 pandemic, could cause bilateral trade to plunge more than 30 percent this year.
Source: Global Times | 2020/6/29 20:54:17

What factors are holding back economic growth of India?

Major global credit rating agencies Fitch Ratings, S&P Global Ratings and Moody's have all trimmed their sovereign ratings for India to the lowest investment grade. S&P expects the Indian economy to shrink by 5 percent in the current fiscal year. Even as COVID-19 rampages across the country, India has ended its nationwide lockdown, severely troubling its economy.
Source: Global Times | 2020/6/29 17:32:30

Canadian exporters should value China market amid pandemic

China has enhanced its inspection and quarantine of imported goods following the latest coronavirus outbreak in Beijing. An investigation at Xinfadi market found that a chopping board for imported salmon tested positive for the virus. With risks surrounding the potential contamination of food emerging, it was reasonable and necessary for China's government to impose stricter inspections to secure the health and safety of the Chinese people.
Source: Global Times | 2020/6/23 22:35:18

Confrontation with China 'suicide' for Indian economy

India has recently intensified tensions with China following a fatal border clash. There is a campaign to boycott Chinese products and Indian authorities are reportedly mulling higher trade barriers. These are undoubtedly suicide paths for India's economic development.
Source: Global Times | 2020/6/22 21:39:19

Beijing's new infections uptick won't derail economic recovery

A second wave of COVID-19 infections in Beijing has raised concerns about China's economic growth, which has just started gaining momentum. After the city Tuesday announced an upgrade of its virus prevention and control measures to level II, hundreds of flights to and from Beijing are canceled now.
Source: Global Times | 2020/6/18 20:54:26

India should curb 'boycott China' voices after border clash

Following a fatal physical clash between Chinese and Indian border defense troops in the Galwan Valley region, some extreme anti-China groups and individuals in India have been promoting a China "boycott."
Source: Global Times | 2020/6/17 19:25:30

Deflation, inflation concerns largely unwarranted

China recently revealed its 2.4 percent consumer price index (CPI) and a 3.7 percent decline in its producer price index (PPI) for May, both lower than previous forecasts. Concerns have risen that the CPI in the second half of the year may decline to a range of 1-2 percent, leading to deflation and a prolonged economic recovery.
Source: Global Times | 2020/6/15 21:33:40

China will fight back if new US IP bill is used as political tool against Chinese companies: expert

US Democratic Senator Chris Van Hollen and Republican Senator Ben Sasse have introduced a new intellectual property (IP) bill requiring US President Donald Trump to hand in biannual reports that would identify more foreign companies and individuals in possible IP theft cases.
Source: Global Times | 2020/6/15 18:14:47

Fast-track arrangements won't be affected by Beijing's new infections: expert

With a sound prevention and supervision procedure in place, cross-border personnel exchanges such as bilateral fast-track arrangements need not be stopped or suspended in the wake of Beijing's new coronavirus infections.
Source: Global Times | 2020/6/14 22:11:57

Will China 'suffer' following recent Vietnam-EU FTA?

Vietnam's National Assembly recently ratified the European Union Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), aiming to eliminate almost 99 percent of customs duties between Vietnam and the EU over the next 10 years.
Source: Global Times | 2020/6/11 21:54:38

When will Chinese tourists return to international destinations?

After months of border closures due to COVID-19, the Maldives has announced it will reopen to foreign travelers from July 1. Greece has also announced it will open to tourists, accepting people from 29 countries including China from June 15. As more and more popular destinations reopen their borders, will Chinese tourists return?
Source: Global Times | 2020/6/11 16:50:14

China doesn't need Western high-liquidity stimulus plans

China has announced its annual macro-economic policy outline, which recommends implementing the policy focused on people's livelihoods and employment, rather than Western countries' large-scale stimulus plans.
Source: Global Times | 2020/6/10 21:02:14

What lies behind the UK's changing attitude toward China?

The relationship between China and the UK has seen vital change since the outbreak of the novel coronavirus. Media reports have noted that the UK government led by British Prime Minister Boris Johnson is clearly changing its attitude toward China. Rising concerns noted that the golden era of China-UK ties may have ended.
Source: Global Times | 2020/6/9 22:29:57

Western nations must end geopolitical tricks over Africa's 'debt issue'

Facing the heavy blow and severe uncertainty caused by COVID-19, European countries and the US should abandon their geopolitical considerations and think beyond ideology. They should cooperate with all powers who are willing to support Africa in an inclusive mindset.
Source: | 2020/6/9 2:50:52

Which countries will benefit the most from China's Hainan master plan?

China's milestone announcement of its master plan to build the southern island province of Hainan into a world-class free trade port is a key link in its efforts toward a new pattern of comprehensive opening-up. The strategic plan for the next decades aims to build high-standard open trade mechanisms rather than only promote trade and investment facilitation. It's bound to create golden opportunities for ASEAN and Belt and Road Initiative (BRI) countries to boost their economic growth despite rising protectionism and uncertainty.
Source: Global Times | 2020/6/9 0:01:53

Advice for overseas Chinese firms in hostile climate

Alongside the growth of China's export-oriented economy, expanding overseas investment has become an important way for enterprises to participate in international economic cooperation, as well as remaining an internal requirement for firms developing internationally.
Source: Global Times | 2020/6/8 23:14:33