Infrastructure investment probably main tool to offset coronavirus shock to the economy
Skepticism has mounted as to whether China can meet its economic targets for 2020 under the impact of novel coronavirus pneumonia (COVID-19).
Mask shortage reveals US failure to bring back factories
Even before entering the White House, US President Donald Trump boldly vowed to revitalize the US manufacturing sector. To fulfill that promise, the Trump administration has waged costly trade wars and pushed for a China-US decoupling. After the novel coronavirus broke out in China, US Commerce Secretary Wilbur Ross asserted that the epidemic would bring manufacturing jobs back to the US.
Consumption rebound still uncertain, calls for early preparation
While many industries in China are expected to see customers rush to make up for lost time in spending once the coronavirus outbreak ends, a rapid recovery in domestic consumption may not come as easily as expected.
US should take decisive action to prevent epidemic
While countries around the world are combating novel coronavirus phenomena (COVID-19), some US politicians seem to be downplaying the danger posed by the virus. Such an irresponsible attitude could lead to an outbreak in the US, which could eventually damage the country's economy and drag the world economy down with it.
US must provide accurate COVID-19 information
Lacking transparency and an efficient response to the spread of novel coronavirus pneumonia (COVID-19), the US government has blinded global markets. Amid an epidemic that is sprawling worldwide, certainty is what the world needs most.
Facing withering economies, US, China must unite
As China has seen a light at the end of tunnel following 40 days of arduous and painful efforts to contain a sudden assault of the novel coronavirus, the US now remains in a state of tardy preparedness. The Trump administration is still accusing the American media of exaggerating the threat of the deadly disease and purposely helping the Democrats to defeat him in this year's presidential election.
Opening floodgates does not solve China's economic problems
The spread of the novel coronavirus pneumonia (COVID-19) has created a chain of panic worldwide, and the global market has felt the shock. Last week, the US stock market experienced one of its darkest moments since 2008. The Chinese economy has also been damaged due to the COVID-19. The Chinese government has issued a series of measures to help small and medium-sized enterprises revive and develop. These moves focused on short-term economic relief, but nothing like China's large-scale stimulus package in 2008.
Washington must act to fight virus, avoid financial crisis
Panic driven by the possible spread of novel coronavirus pneumonia (COVID-19) in the US has sent the country's stock market plummeting for days. Only actions to combat the virus, rather than words, can save the US stock market from a meltdown and stop it from once again becoming the center of a global financial crisis.
WIPO, world don't need US bullying and interference
Next week, the World Intellectual Property Organization (WIPO) will hold an election for its next director general. This was supposed to be a serious but standard matter handled in line with existing regulations and procedures of the agency. But the US, as it has done many times before, is seeking to interfere in the election and bend the agency's 191 other members to its political will and put its economic interests over those of others.
Consumption rebound certain but efforts need to increase tenfold
The ongoing novel coronavirus pneumonia (COVID-19) epidemic has had a great impact on China's economy. In these circumstances, in order to accomplish this year's social economic goal and increase income for Chinese people, a strong rebound is needed for the Chinese economy.
China won't hold drug materials supply hostage against Washington
There has been some noise on social media over the possibility of China hammering the US by not selling it raw materials for the manufacturing of drugs. Such discussions are pointless. China will not interrupt its drug-related exports. Nor should other countries around the world do so.
Policies must address challenges of restarting factories
If appropriate policies are in place, the novel coronavirus pneumonia (COVID-19) impact on economic growth will be controllable. China's economic growth would be between 5.3 percent and 5.9 percent in 2020, depending on when the outbreak ends.
Banks to bear brunt of virus impact, economic stress
Under the daunting impact of the novel coronavirus assault, China's economic activity has taken a hit. Now as the country scrambles to restart its economic engine, a premium economic sector calls for extraordinary attention from the country's top decision-makers - the country's 4,000-odd banks.
China should consider 4% fiscal deficit target to cushion virus impact
To cushion the economic impact of the coronavirus epidemic and maintain relatively fast growth in 2020, China should pursue more aggressive fiscal policies coupled with more relaxed monetary policies. The country should consider proposing an annual fiscal deficit target of 4 percent of the gross domestic product (GDP) and increasing its infrastructure investments.
Virus to move China up global healthcare supply chain
Combating novel coronavirus pneumonia (COVID-19) could trigger an earth-shaking change in the world's healthcare industry supply chain. China is set to expand its supply chain in the healthcare industry.
Japan must act decisively to halt virus spread, or Asian supply chain will shatter
Fear and overreaction over the spread of a deadly coronavirus may inflame a new wave of protectionism as some countries mull import bans on Chinese products. As the virus threatens to spread through Japan, Tokyo should spare no effort, regardless of the cost, to stop the spread before any protectionist measures are introduced, otherwise the whole industrial chain in Asia may suffer a deadly blow.
Flu outbreak reveals US' true colors
While people in China and around the world are actively cooperating to combat the novel coronavirus pneumonia (COVID-19) outbreak, some US politicians and media are making accusations against China, questioning the effectiveness of its response to the epidemic. However, the US sees frequent outbursts of influenza, and its government not only reacts with extremely low efficiency but also remains silent. The contrast has revealed a US double standard.
China to manage reasonable growth despite virus
China is unlikely to change its economic targets and aims keep growing within a reasonable range this year. The country's macro policy direction for the year is unlikely to change either, despite a potentially delayed national "two sessions" amid the fight against novel coronavirus pneumonia (COVID-19).