SOURCE >> Comments

Yuan exchange rate regime reform benefits HK economy

reforming the yuan's exchange rate mechanism and gradually loosening capital flows are not only beneficial to the opening-up of the Chinese mainland and the outflow of Chinese capital, but are also of great significance to Hong Kong's real economy.
Source: Global Times | 2020/6/4 0:00:24

Will Hainan's free trade port replace HK?

China on Monday unveiled a mega project to build its largest-yet special economic zone in South China's Hainan Province into a world-class free trade port, with one of its major focuses on escalating the development of its financial market. Given that the Hong Kong Special Administrative Region has served as China's largest free trade port but is now being threatened by the US with revocation of its special privileges, there are rising concerns that Hong Kong's future status and role are under a cloud, and the city may even be replaced by Hainan.
Source: Global Times | 2020/6/2 22:39:07

BRI in line with India's long-term development

The long-term economic development of India, an important developing country in the Asia-Pacific region, is in line with the China-proposed Belt and Road Initiative (BRI), which aims to promote shared development of countries and regions. With its infrastructure investment, the BRI could offer a great opportunity for India, which needs to shore up infrastructure in order to lure foreign investment and boost industrial development.
Source: Global Times | 2020/6/2 12:13:40

Will unrest in Minnesota help Trump get reelected?

Before the COVID-19 outbreak, US President Donald Trump was almost certain to be reelected in 2020. He saw no challenger in the Republican Party and the Democratic Party was busy tackling fierce internal strife.
Source: Global Times | 2020/6/1 22:20:25

Japan, S.Korea's dilemma set up by Washington

South Korea's dilemma set up by the US has emerged as its Foreign Minister Kang Kyung-wha recently attended a diplomatic strategy meeting with a major focus on the US-initiated project named Economic Prosperity Network aiming to restructure global industrial chains post-pandemic to reduce their reliance on China's manufacturing.
Source: Global Times | 2020/6/1 21:34:51

Can Beijing promote building tech power despite crackdown?

China's leaders are blowing the horn by encouraging scientific and technological workers across the country to make new and greater efforts and contributions to build China into a global technology and innovation power. The call is resonating well with Chinese scientists and the younger generations studying in universities.
Source: Global Times | 2020/5/31 19:50:02

How should Chinese govts tighten its belt for a tough fiscal year?

China's newly released Government Work Report has made clear that governments at all levels must tighten their belts to lead a prudent fiscal year amid economic pressure caused by the coronavirus pandemic.
Source: Global Times | 2020/5/28 21:43:40

Why the US is intensifying its attack on the UK over Huawei

The connections may not immediately seem evident between COVID-19, Brexit, and the new intensified drive by the US to try to force Britain to cut Huawei out of its 5G network. But they immediately become clear when the present economic, and therefore geopolitical, consequences of the US and UK governments' catastrophic errors in mishandling COVID-19 are understood.
Source: Global Times | 2020/5/28 18:33:40

Covid-19 deaths hit 100,000: a monstrous failure of the US system

The grim COVID-19 death toll in the US has now hit 100,000, and fatalities are very likely to climb higher, reaching 150,000 or even a staggering 200,000, if the current US government continues to overlook American lives and avoid its responsibility.
Source: Global Times | 2020/5/28 13:53:40

How do experts view financial conflict of top two economies?

Global investors are concerned that the US might start a "financial war" with China. In interviews with the Global Times, two Chinese economists noted that although a comprehensive financial war is not likely, conflicts is inevitable due to US politicians' political schemes, which will hurt China but will also damage US financial sectors.
Source: Global Times | 2020/5/27 23:14:01

Washington's attack on Huawei set to prolong US economic recession

As the clock ticks quickly toward November 3, the Trump administration, mired in the results of its messy response to COVID-19, is reigniting a tussle with China in a desperate attempt to deflect its dereliction of duty. It has now banned Huawei from purchasing semiconductor chips that are made using any US technology, such as technologies by TSMC and Samsung.
Source: Global Times | 2020/5/26 21:28:40

African 'debt issue' needs sound solution

The world economy is under great pressure from the deadly pandemic, with some relatively vulnerable economies in Africa facing the risk of losing the ability to pay their debts on time. As a debtors for African countries, China vows to actively promote the implementation of the debt service suspension initiative from G20 countries in a bid to relieve pressure on African countries.
Source: Global Times | 2020/5/25 22:07:49

Hopefully US 'political virus' won't infect India

India has reportedly drafted a bill that would enforce tighter scrutiny toward new foreign portfolio investors (FPIs) from China. If passed, it would be another discriminatory practice aimed at Chinese investments following the previous foreign direct investment (FDI) restrictions.
Source: Global Times | 2020/5/25 14:40:07

Impeding Chinese firms will hit US as global financial center

Some US politicians and media have raised their voices to undermine Chinese firms listing in American capital markets, aiming to promote "decoupling" of China-US financial sectors, but forcing Chinese firms out of the market will be a loss-loss move as it will hinder the US' role of being the global financial center.
Source: Global Times | 2020/5/24 21:04:22

Washington's attack on Huawei set to prolong US economic recession

As the clock ticks quickly toward November 3, the Trump administration, mired in the results of its messy response to COVID-19, is reigniting a tussle with China in a desperate attempt to deflect its dereliction of duty. It has now banned Huawei from purchasing semiconductor chips that are made using any US technology, such as technologies by TSMC and Samsung.
Source: Global Times | 2020/5/23 19:26:49

US cliques would create inner antagonistic atmosphere of its allies

The US has been wooing and pressing its foreign allies and other countries to avoid cooperating with China in areas such as 5G technology, Huawei, and even with pandemic prevention methods, which have ended poorly. However, this strategy would create an inner antagonistic atmosphere among its foreign allies and cause significant economic losses.
Source: Globaltimes.cn | 2020/5/22 1:09:40

Protecting fishery resources in South China Sea is key

After China announced its annual fishing ban in the South China Sea on May 1, Vietnam told its fishermen that they could continue fishing in legal areas. In terms of both fishing area and ship number, Vietnam is currently the country with the most fishery activities in the South China Sea.
Source: Global Times | 2020/5/21 20:47:24

West Development Strategy can ensure economic security

As some countries have been banging the drum of anti-globalization amid the pandemic, certain politicians may take the opportunity to disrupt global industrial and supply chains. To beef up the development of its western regions under such circumstances, China could further expand its domestic market and ensure economic security through the internal restructuring of industrial chains.
Source: Global Times | 2020/5/20 22:45:40