SOURCE >> Expert assessment

Africa embraces changes, focus on infrastructure necessary with Chinese support

As we come close to the start of a new decade in a new era of industrialization based on a digital economy, artificial intelligence (AI), robotics and bringing economies closer through an integrated hard and cyber infrastructure, Africa's future depends on how well it is prepared to embrace the changes, shifting its economic policies toward e-commerce, absorbing new technologies, and linking its local markets to the global one.
Source: Global Times | 2019/10/13 22:08:40

India needs Chinese support to seize manufacturing relocation opportunities

Why are manufacturers still showing little enthusiasm for India, five years after the Make in India initiative was launched? The seed of a viable solution to this situation may lie in the upcoming meeting between Chinese and Indian leaders in the coastal city of Chennai.
Source: Global Times | 2019/10/10 21:48:40

Reliance on NEV subsidies creates bubble, and domestic carmakers should abstain

An expo on new-energy vehicle (NEV) automatic technologies, scheduled for the end of the month in Shanghai, has reportedly been postponed until August 2020, citing a change of plans by some participating companies due to industry sluggishness.
Source: Global Times | 2019/10/10 18:56:45

Beijing needs to be prepared for European Union's major industrial policy shift

EU industrial policy is undergoing a major shift. The bloc believes that it needs to strengthen government intervention to reinforce its dominance in industrial development, against the background of increasingly fierce market competition. After the shift, the EU's industrial policy will become a crucial weapon in the tech competition among major powers.
Source: Global Times | 2019/10/9 21:33:40

Foreign firms eyeing Chinese market prove forced technology transfer claims don't hold up

Huawei, the Chinese privately held technology star, launched the Mate 30 series in September, the bombshell smartphones with “fifth-generation” (5G) technology after being blacklisted by the US Commerce Department.
Source: Global Times | 2019/10/8 21:33:41

Chinese success directly connected to ensuring wealth, prosperity for citizens

In celebrating the 70th anniversary of the People's Republic of China, 1.4 billion Chinese have found relief provided by the central government as it continues to steer the country in the right economic direction. The results were realized through the government's efforts in embracing reform and opening-up policies, implementing public welfare programs, partnering with as many countries as possible, and avoiding a zero-sum game with the US.
Source: Global Times | 2019/10/7 20:48:39

'Defeating China' is wishful thinking from Soros

After George Soros wrote an op-ed piece in the Wall Street Journal saying his interest in defeating China "goes beyond US national interests," some Chinese media outlets reported the billionaire financier attempted to short sell Hong Kong stocks recently when the market was hit hard by the city's ongoing riots. It is worth considering why Soros is so obsessed with defeating China.
Source: Global Times | 2019/10/6 11:54:12

US blame strategy toward China untenable

Huawei, the Chinese privately held technology star, launched the Mate 30 series in September, the bombshell smartphones with “fifth-generation” (5G) technology after being blacklisted by the US Commerce Department.
Source: Globaltimes.cn | 2019/9/30 10:41:53

China-Africa governance exchange nothing like the export of Western institutions

Since the founding of the People's Republic of China, China has been providing foreign aid for 70 years. It can be said that foreign aid was the most important and even the only content of the Republic's diplomacy for a long time. As China's aid expands, especially with the deepening of China-Africa relations in recent years, the criticism of China's aid to Africa by world opinion has intensified.
Source: Global Times | 2019/9/29 20:13:39

Silicon Valley obsession dents India's tech prowess

Not long after, there will be cheers again for Tata Consultancy Services (TCS), India's top tech company, to once again outdo IBM in market value. The sad part yet to be realized or acknowledged is that the achievement attests to, at the most, the South Asian nation's strength in the IT services subsector of the wider tech world.
Source: Global Times | 2019/9/26 19:48:40

China and Southeast Asian neighbors need to strengthen joint law enforcement

Cambodia's recent crackdown on online gambling has seen thousands of Chinese nationals leave Sihanoukville, a coastal city in Cambodia rife with illegal online gambling, over past weeks.
Source: Global Times | 2019/9/25 20:28:40

A shares' global exposure comes with risks

China's A-share market failed to get off to a flying start on Monday, the first trading day after two major global benchmarks widened their inclusion of A shares. The benchmark Shanghai Composite Index closed down 0.98 percent at 2,977.08 points, while the Shenzhen Component Index finished down 1.01 percent at 9,781.14 points.
Source: Global Times | 2019/9/24 20:53:41

China's LPR cut part of global trend

China's September loan prime rate (LPR) was lowered 5 basis points to 4.2 percent for one-year maturities on Friday, according to the National Interbank Funding Center, a unit of the People's Bank of China (PBC). The five-year prime rate, which is generally used as a reference for mortgages, remained unchanged at 4.85 percent.
Source: Global Times | 2019/9/23 20:28:40

Beijing needs to prepare for emergence and development of a new global monetary system

With increasing risk aversion in the global financial market, 2019 marks the beginning of a new bull market in gold. Thus far this year, the spot gold price is up by more than 20 percent, and is the most popular safe-haven asset in 2019. As investors are buying into gold, central banks of more than 30 countries including China and Russia have also increased their gold holdings. According to the latest statistics, by the end of August, China's gold reserves reached 62.45 million ounces, with a market value of about $95.5 billion. August also marked the ninth consecutive month that China increased its gold reserves.
Source: Global Times | 2019/9/22 19:18:40

China has contributed greatly to global prosperity

October 1 this year will mark the 70th anniversary of the founding of the People's Republic of China. In a matter of seven decades, China has evolved from a third-world country, devastated by two world wars, to an emerging power. It is a strong economy and a beacon of hope that is stabilizing global economic order, acting as a defender of a multipolar world, exercising its sovereign rights without external influences, and bringing about new institutions to spur economic growth.
Source: Global Times | 2019/9/19 20:28:40

Saudi attack shows importance of oil reserves

Crude oil prices were on a roller coaster ride across global markets this week. The Saudi attack is the biggest knock to oil output to date, and immediately removed 5.7 million barrels per day (bpd) from the Middle Eastern country's oil production capacity – equivalent to over 5 percent of the world's daily supply. According to data from the US Energy Information Administration (EIA), Saudi Arabia produced 9.85 million bpd on average in August.
Source: Global Times | 2019/9/18 17:33:40

China remains attractive to foreign capital

The China Development Forum Fall Summit was recently held in Beijing. Against the backdrop of China-US trade dispute upgrades, the forum brought together 60 representatives from the US side, including former US government officials, well-known scholars and industry leaders.
Source: Global Times | 2019/9/17 18:22:01

China, US heightening influence on crude market

At a ministerial-level meeting in Abu Dhabi on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) and its oil-producing allies reaffirmed the compliance to the previous output reductions. OPEC+, a 14-nation cartel and a group of 10 allied countries, previously agreed to cut oil output by 1.2 million barrels per day (bpd) beginning early 2019.
Source: Global Times | 2019/9/16 19:43:40