SOURCE >> Expert assessment

DCEP anticipated to set a new global standard for genuine digital currencies

The digital currency electronic payment (DCEP) plan, which the People's Bank of China (PBC) is expected to roll out soon, will showcase to the rest of the world what a genuine digital currency looks like. Before sovereign states vanish and the world becomes borderless, currency needs to be issued by a nation's monetary authority. Most so-called digital currencies, including Libra, are merely digital assets or products with a securities nature, but not currencies.
Source: Global Times | 2019/10/31 21:43:40

Huawei access to 5G in UK involves a struggle as Washington continues interference

Over the weekend, the UK's Sunday Times leaked information about a fight taking place within the British government over whether or not to allow Huawei to participate in Britain's development of its 5G network.
Source: Global Times | 2019/10/30 20:58:51

China striving for a place in blockchain-defined future

Behind the skyrocketing passion for blockchain, a buzzword that has penetrated Chinese social media over the past few days, is the nation's strategic vision: striving for a place in the financial world of the future.
Source: Global Times | 2019/10/29 19:23:41

Lacking market space, German economy trapped in overproduction 'black hole'

After nine consecutive years of growth, Germany's economy is expected to enter a technical recession in the third quarter of 2019. The country's leading economic institutes have already lowered their economic growth forecasts, expecting the economy to grow by 0.5 percent this year and by 1.1 percent next year.
Source: Global Times | 2019/10/28 23:28:40

Indonesia's grand 2045 vision is an ambitious target, but it can be reached

President Joko Widodo started his second term in office after winning the recent presidential elections in Indonesia. In a speech after swearing the oath of office in Jakarta on October 20, Widodo proposed the Indonesia's 2045 vision, pledging to make the country one of the top five world economies with a total GDP of $7 trillion and an annual GDP per capita of $320 million rupiah ($22,807) by the time it celebrates 100 years of independence in 2045.
Source: Global Times | 2019/10/27 20:58:40

China will need to battle further economic slowdown in fourth quarter

The Chinese economy is showing an accelerated decline. According to data released by the National Bureau of Statistics (NBS), China's GDP grew 6.0 percent year-on-year in the third quarter of 2019, lower than the average growth rate of 6.1 percent that analysts polled by Reuters had anticipated. It's China's lowest quarterly economic growth since records began 27 years ago, in 1992.
Source: Global Times | 2019/10/24 18:58:42

Macao has potential, policy advantages to become a regional financial center

Macao has recently taken a series of actions in financial areas. A plan to establish a yuan-denominated securities exchange has reportedly been submitted to the central government. Macao will also be developed into a yuan-clearing center for Portuguese-speaking countries. It will also develop its green financial system, build a cross-country financial service platform between China and Portuguese-speaking countries, promote innovation in the financial sector and develop distinctive financial services. But does Macao intend to become a regional financial center?
Source: Global Times | 2019/10/23 20:43:41

Cooperation between China, Pacific island nations in line with globalization trend

The US and Australia have been promoting the news that a Chinese company inked an agreement with the Solomon Islands to build an economic development zone in the latter's Tulagi Island. Such normal bilateral cooperation has, once again, been used to demonize Chinese investment and the mutually beneficial relations between China and South Pacific island nations.
Source: Global Times | 2019/10/22 21:28:40

US sanctions Chinese vessels: A different method of blockade and power play

Last month, the US Department of the Treasury announced the COSCO Shipping Tanker (Dalian) Company and COSCO Shipping Tanker (Dalian) Seaman and Ship Management Company met the requirements for new sanctions under Executive Order 13846, which reimposed sanctions with respect to Iran.
Source: Global Times | 2019/10/21 22:48:40

China knows its place despite surpassing US in number of richest people

China still has long way to go to catch up with the US in terms of wealth, though it seems that the China-US trade dispute and a looming global slowdown did not stop China from manufacturing millionaires.
Source: Global Times | 2019/10/21 22:31:18

China needs to diversify agricultural imports, provide investors with opportunity

Though the inflation of food prices hasn't happened, Western media has hyped it up. China's food security and agricultural products trade does draw attention against the backdrop of China-US protracted trade war. And recounts of poverty alleviation achievement and opening-up in the agricultural market around World Food Day indicate more opportunities in Chinese agricultural industry.
Source: Global Times | 2019/10/20 18:43:40

US makes Solomon Islands new battlefield of 21st Century over Chinese investment

The news that a Chinese company has inked an agreement to lease Tulagi, a small island in the Solomon Islands that has a deep water harbor, apparently set the teeth of some “China threat” advocates from the US on edge.
Source: Global Times | 2019/10/17 22:02:53

Solving RCEP differences and trade paves road for new China-India relations

The “Chennai Connect” continues the spirit of Wuhan in taking forward exclusive bilateral discussions between Chinese and Indian leaders. The latest meeting appears to have signaled a new direction in trade and economic relations between the two countries. If it is indeed so, then the meeting might also mark the beginning of a new phase in Sino-Indian relations.
Source: Global Times | 2019/10/17 21:08:40

'Made in Hong Kong' a blood relative of mainland manufacturing

An attempt to push for “Made in Hong Kong” can be a way to carve out hope for a city whose economy has been battered by months-long protests. But the manufacturing overhaul can't come at the cost of delinking Hong Kong from the mainland in the factory sector. Nor can Hong Kong survive without support from the mainland.
Source: Global Times | 2019/10/17 18:58:41

China will not play favorites between India and Pakistan over terror financing decision

How many shades of gray fits India's fantasy? It seems that India makes too much fuss about whether Pakistan will be moved to the “dark gray” list from the “gray” list of the Financial Action Task Force (FATF) while China is presiding over the Paris-based terrorist financing watchdog. India should view the upcoming FATF decision with more rationality and China's role should not be overestimated in this case. Fundamentally, eradicating terrorism needs the joint efforts of both India and Pakistan.
Source: Global Times | 2019/10/16 20:43:40

Macao yuan exchange development right path to serve itself and nation's overall strategy

The proposed Macao stock exchange has attracted worldwide attention. It should be guided by the basic principle of “take full advantage of Macao and serve China's overall strategy,” a vital component of the Greater Bay Area (GBA) and the country's multi-level capital market.
Source: Global Times | 2019/10/15 19:53:40

Sulli's death highlights cruelty of South Korean K-pop industry

South Korean K-pop star Sulli's death on Monday by suspected suicide highlights mental health pressures, a dark byproduct of an industry worth $4.7 billion.
Source: Global Times | 2019/10/15 16:33:40

US firms should be concerned with business competitiveness rather than politics

Apple CEO Tim Cook on Friday defended the company's decision to remove, an app that could be used to help rioters, saying that it could be “used maliciously to target individual officers for violence.” Google on the same day removed a role-playing game related to the protests from its Play Store, as it violated the Store's policies and profited from the ongoing conflict.
Source: Global Times | 2019/10/14 21:23:40