SOURCE >> Expert assessment

Exorbitant demands may cost India last chance to join global value chain

It now seems that India's decision to delay signing of the Regional Comprehensive Economic Partnership (RCEP) is nothing but another negotiating ploy.
Source: Global Times | 2019/11/25 21:46:42

Chinese companies explore opportunities in emerging African internet industry

Chinese company Meituan Dianping has recently invested in Nigeria, once again directing the international internet industry's attention toward Chinese companies in Africa. Africa's internet industry is developing rapidly, releasing the vast potential of the local market, which also means unprecedented opportunities for Chinese internet enterprises.
Source: Global Times | 2019/11/25 20:38:40

US trade war gamble to cause grave impairment for its uncertain, chaotic destiny

The Trump administration's rogue trade war against China is causing a distressful cold result – anemic economic growth everywhere, with the US' own growth expected to be pulled down to 2.4 percent for 2019 from a 3.3 percent rise a year ago.
Source: Global Times | 2019/11/24 18:38:41

High savings rate rather than ultra-low interest rate a blessing to Chinese economy

The topic of China's high national savings rate has recently again attracted public attention. The country's gross savings rate reached 45.7 percent at the end of 2018, still ranking first in the world.
Source: Global Times | 2019/11/20 20:10:29

Diversified investment of reserve assets may provide ammunition for potential financial war with US

Through various investment instruments under the Belt and Road Initiative (BRI) framework, China is upgrading the yuan's internationalization and controlling more diversified, non-foreign-reserve assets despite declining foreign exchange reserves. These non-foreign-reserve assets provide more ammo if the US tries to wage a financial war that will hurt both sides.
Source: Global Times | 2019/11/19 19:23:41

Trade war resolution necessary for US amid decreasing employment figures

The ongoing trade war between China and the US is already having an impact on the US job market.
Source: Global Times | 2019/11/18 19:48:39

Complementary economic relationship sets a strong foundation for trade takeoff

With increasing awareness of the European economy's dependence on the Chinese market and its value chain, the China-EU relationship is expected to gain complexity in the foreseeable future.
Source: Global Times | 2019/11/14 22:31:09

Northeast China's revitalization efforts need to go beyond economic restructuring

Northeast China, known as the “eldest son of the Republic,” has not fared well amid an economic slowdown at large. But instead of scouring external factors that might have weighed on the rust-belt region, what we should do to genuinely revive the local economy is pinpoint the problems inherent in the region that used to act as a pivotal growth engine.
Source: Global Times | 2019/11/13 21:49:43

Chinese policymakers need to narrow focus to capital market development

The Chinese economy is facing downward pressure, which brings uncertainty to economic policy. Current policy focuses on multiple affairs including the trade war, poverty alleviation, technology and debt. Keeping track of too many issues means policy lacks concentration.
Source: Global Times | 2019/11/12 21:23:40

Huawei morale booster on Singles' Day

The news that Huawei is giving its employees a bonus of 2 billion yuan ($285 million) has fired up Chinese social media. Many are giving thumbs up to the management of China's leading technology company for doling out due incentives to core scientists, technicians and engineers.
Source: Global Times | 2019/11/11 21:40:21

Economies of Europe, US, Japan all have one drawback China can learn from

Robert Shiller, Nobel Laureate in economics, once summarized that there are obvious defects in the system construction of the macroeconomic theory which guides today's world economic development. These drawbacks of macroeconomics have encountered great challenges in the past few years. Judgement made based on existing macroeconomic theory have often turned out to be inaccurate.
Source: Global Times | 2019/11/11 20:23:40

Yuan liberalization runs in the fast lane as the currency becomes attractive for trade

The liberalization of the yuan, China's currency, is accelerating despite the trade war with the US, and it won't be too long for the currency to become fully convertible on the market as the world's second largest economy keeps expanding and its capital markets are incrementally opened to foreign investors.
Source: Global Times | 2019/11/10 22:38:39

WTO can look to RCEP as a pilot project to re-imagine global trading system

The Regional Comprehensive Economic Partnership (RCEP) could guide the way for global trade rule making, contributing its experience to upgrading trade clauses. The route taken by the RCEP could give light to WTO reforms down the road.
Source: Global Times | 2019/11/7 18:43:40

China can afford a looser monetary policy while MLF rate cut may signal lower LPR

China's monetary policy may switch gears in the coming months with the recent interest rate cut of its medium-term lending facility (MLF) signaling a lower loan prime rate (LPR). A Stronger yuan against the US dollar also provides more policy maneuvers for the Chinese monetary authority to follow suit in the new trend of global monetary easing.
Source: Global Times | 2019/11/6 19:01:27

World's top importer crown comes within reach, but should China be overjoyed?

A decade after China became the world's top goods exporter, it's now time for the nation to consider claiming yet another crown: No.1 importer globally.
Source: Global Times | 2019/11/5 20:08:40

Japan's manufacturing path another angle for success

The “unexpected” trade spat between Japan and South Korea revealed that it is the support from Japanese suppliers that has allowed South Korean companies to dominate the semiconductor market for so many years. This begs the question: Has Japan's manufacturing sector, which has been mired in a series of quality scandals in recent years, been undervalued? Has Japan been “hiding” its economic strength and technological innovation strength in all these years? And how can “made in Japan” be viewed objectively?
Source: Global Times | 2019/11/4 20:28:39

Fighting two battles at the same time, Trump needs to call an end to trade war

US stocks jumped across the board on Friday, with the S&P and NASDAQ indexes all closing at record highs. Obviously, the positive mood shown by US President Donald Trump toward clinching an interim trade deal with China is electrifying investors.
Source: Global Times | 2019/11/3 20:08:40

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