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Rubio threat cannot overcome bright future of Chinese firms

The US Republican Senator Marco Rubio has upped his attacks on Chinese firms, trying to cut ties from the US capital market of certain Chinese companies. This cold war mentality shared by some US politicians goes against market principles and is doomed to fail in the long run.
Source: Global Times | 2020/10/28 21:57:22

As Abe steps down, did Abenomics succeed?

Former Prime Minister Shinzo Abe's resignation could significantly alter Japan's economic policies. When Abe took the reins in December 2012, the economy was beset by three intertwined problems: large annual budget deficits; persistent deflation, which made reducing debt ratios nearly impossible; and weak economic growth since Japan's equity and real estate bubbles popped in the early 1990s.
Source: Global Times | 2020/10/28 15:17:23

Discrediting China-Africa cooperation won't succeed

The African country of Zambia recently sought debt restructuring against the backdrop of the COVID-19 pandemic sweeping the world, while some Western media and politicians again tried to hype some developing countries' debt problems and defame China's efforts to strengthen cooperation with Africa.
Source: Global Times | 2020/10/28 13:08:40

Dual-circulation strategy becomes new road map of growth

The fifth plenary session of the 19th Communist Party of China (CPC) Central Committee, which began on Monday in Beijing, has attracted global attention.
Source: Global Times | 2020/10/27 19:47:56

Minor resurgence of virus won't affect nation's recovery

As winter draws near, concerns are rising that the risk of COVID-19 resurgence may undermine China's prospects for a hard-won economic recovery, especially after Kashi in Northwest China's Xinjiang Uygur Autonomous Region recently reported an outbreak that medical experts suggest may have connection with the cold weather.
Source: Global Times | 2020/10/26 21:11:34

Will the pandemic spell the end of US dollar's dominance?

The US dollar has maintained international payment dominance for decades. To this day, the dollar remains the primary global reserve currency, and plays a prominent role in global trade and financial flows.
Source: Global Times | 2020/10/26 16:41:44

China's yuan gaining value, liberalization high on agenda

Supported by China's strong economic recovery from the COVID-19 crisis, the value of the yuan has witnessed an outstanding rise. From the middle of July through Friday's close, the currency has grown 4.6 percent against the US dollar, one of the biggest quarterly gains since 2008, when the Olympic Games was held in Beijing.
Source: Global Times | 2020/10/25 18:27:32

US' final presidential debate shouldn't strangle possibility of China-US cooperation in COVID-19 fight

The second and final presidential debate before the 2020 US election, between Republican President Donald Trump and Democratic challenger Joe Biden, will be held on Thursday night US time. The first debate was so "hostile" and "chaotic" that the mute button introduced by the debate commission has become a hot subject for media outlets on the eve of the debate.
Source: Global Times | 2020/10/22 22:13:41

Targeted rules for foreign capital expected in new 5-year plan

Against the backdrop of an increasingly complex global environment, the upcoming launch of China's 14th Five-Year Plan (2021-25) has drawn extensive attention. Among a series of expected highlights, more targeted and sound policies to attract foreign capital are expected, especially when China has committed to deepen reform and opening-up, and foreign capital has a golden opportunity to grow amid China's improving business environment.
Source: Global Times | 2020/10/22 21:42:49

Indian economy to suffer losses if politicians play Taiwan card

Taiwan is an inalienable part of China's territory, and India, as a country having diplomatic relations with China, should be aware that playing Taiwan card to challenge China's red line will have severe consequences.
Source: Global Times | 2020/10/21 22:13:11

China's export control law provides legal guarantees for fair trade principle

China has passed the Export Control Law of the People's Republic of China on Saturday. The law, which will take effect on December 1, stated that if any country or region abuses export control measures to endanger China's national security and interests, China can take reciprocal measures based on actual conditions.
Source: Global Times | 2020/10/21 21:25:20

More Chinese investors abandon hopes for Indian market as restrictions rise

Indian Prime Minister Narendra Modi welcomed Canadian investors with open arms at an investment promotion conference in Canada earlier this month. While New Delhi is trying to attract more investors from economies like Canada and the EU, it has not reduced its resistance to Chinese investments.
Source: Global Times | 2020/10/20 22:41:51

Countries to find US telecoms promises are bounced checks

In order to further assault Chinese telecom producers Huawei and ZTE, the US has come up with a new idea to lure developing countries away from using equipment of these Chinese companies by offering them loans and other financing, according to media reports.
Source: Global Times | 2020/10/20 21:59:28

'Trade war' hype will only worsen Australia's recession

After the hype surrounding a rumoured "coal import ban", Australian media outlets are now stirring up market concerns over another commodity - cotton. As a result of such speculation, some Western media outlets have even began pedaling a "shadow trade war" theory.
Source: Global Times | 2020/10/19 21:48:49

China's economic rebound buoys partners, the world

China's economy bounced back from July-to-September, with the third quarter's GDP rising an impressive 4.9 percent year-on-year, the country's National Bureau of Statistics said Monday - a verification that large numbers of Chinese consumers have regained their confidence to shop, travel and entertain.
Source: Global Times | 2020/10/19 19:10:57

Indian economy hurt by New Delhi's lack of foresight

With few signs of success in taming the coronavirus onslaught in India, the government of Prime Minister Narendra Modi is now facing the daunting challenge of bringing Asia's third largest economy back to positive growth. New Delhi has fared the worst among the world's major economies since the COVID-19 pandemic struck our planet.
Source: Global Times | 2020/10/18 17:32:56

Online Canton Fair improvements show progress in trade promotion

The 128th China Import and Export Fair, or Canton Fair, opened online on Thursday. This is the second online edition of the world's largest comprehensive international trading event after the COVID-19 epidemic outbreak. Although it's still subject to many limitations compared with the mature model of the on-site exhibition, the second online edition has made many improvements over the first one.
Source: Global Times | 2020/10/15 21:10:28

US threat to AVIC dims outlook of own aviation sector

The US authority has been tirelessly making lists of Chinese companies to attack, for which the plane-maker Aviation Industry Corporation of China (AVIC) could be the latest entry to the US penalty list. However, the potential sanction on the Chinese company, this time, will likely drag the US aviation industry and the international aviation industrial chains into the morass.
Source: Global Times | 2020/10/15 20:41:29