GT Voice
China's foreign trade got off to a robust start in 2021, surging 29.2 percent year-on-year in the first quarter, official data showed on Tuesday. In breakdown, the country's trade volume with its major trading partners, ASEAN, the EU, the US and Japan, all recorded significant gains of 26.1 percent, 36.4 percent, 61.3 percent, and 20.8 percent, respectively.
By Global Times | 2021/4/13 20:51:04
  • GT Voice: Are American politicians disgruntled at digital yuan innovation?

    China's leading position in developing and testing its digital currency, appears to be another source of disgruntlement by politicians in Washington, whose obsession of defending the US dollar hegemony is unlikely to impact China's current momentum to accelerate digital yuan test and deployment.

    By Global Times | 2021/4/12 20:57:45
  • GT Voice: Canberra's political stunt unhelpful in salvaging China trade

    Canberra has continued to beating around the bush in addressing the current trade frictions with its biggest trading partner, constantly pouring cool water on the hope that it could genuinely reevaluate and rectify its past speeches and deeds that sank its relations with Beijing.

    By Global Times | 2021/4/11 20:16:11
  • GT Voice: US further isolates itself in tech rivalry with China

    Following a multi-year crackdown campaign, the US is seeking to further escalate its rivalry against China in the technological field. Among a series of recent action plans, the US Senate Commerce Committee is set to hold a hearing on a bipartisan bill, titled the Endless Frontier Act, which is aimed at bolstering US technological research and development, Reuters reported on Thursday.

    By Global Times | 2021/4/8 20:03:40
  • GT Voice: West's call to boycott Beijing Olympics risks huge economic losses

    In an email sent to the media Tuesday evening, the US State Department said that it was looking for a coordinated approach with its so-called partners and allies toward the participation in the upcoming 2022 Winter Olympics in Beijing. A spokesperson for the department added that the US “certainly [wishes] to discuss” a potential joint boycott with allies, according to Reuters.

    By Global Times | 2021/4/7 19:53:39
  • GT Voice: China won't be coerced by US' 'chip war' hype

    The Biden administration appears to gear up for a more localized semiconductor supply chain, adding fuel to the speculation about a high-stake “chip war” between the US and China.

    By Global Times | 2021/4/6 20:43:39
  • GT Voice: India can't replace China for European businesses

    There are some key diplomatic engagements between Europe and India scheduled for this month and later this year. Several senior European officials, including British Prime Minister Boris Johnson and French Foreign Minister Jean-Yves Le Drian, are scheduled to visit India to pursue a so-called Indo-Pacific strategy. The EU is also reportedly aiming to hold a summit with India.

    By Global Times | 2021/4/5 18:48:40
  • GT Voice: US hits new low in crackdown on Chinese telcos with 'forced labor' lies

    US Federal Communications Commissioner Brendan Carr on Tuesday urged to further ratchet up the US' crackdown campaign on Chinese telecommunication firms Huawei and ZTE, seeking to further bar the firms' equipment from US networks. In making the call, Carr did not simply invoke the old cliché of national security concerns. He actually suggested the move was aimed at “forced labor” in producing electronic devices.

    By Global Times | 2021/3/31 20:13:40
  • GT Voice: US' sanctions against Myanmar are economic coercion

    The US on Monday announced the suspension of all diplomatic and trade engagement with Myanmar following recent violent developments in the Asian country. In a statement, US Trade Representative Katherine Tai said that the suspension will remain in effect until “the return of a democratically elected government.”

    By Global Times | 2021/3/30 20:08:39
  • GT Voice: US' openness to trade talks welcome, but tariffs won't change China's stance

    In a recent interview with the Wall Street Journal, the newly installed US Trade Representative Katherine Tai indicated that the US doesn't have plans to remove tariffs on Chinese products in the near future, while suggesting tariffs could be “leverage” in potential trade talks.

    By Global Times | 2021/3/29 20:08:39
  • GT Voice: Complicating trade issues won't help Canberra's woes

    While some in Australia claim to be seeking talks with China to address bilateral trade tensions, ironically those Australians never stop playing political games by insulting China, drifting such a talk further away.

    By Global Times | 2021/3/28 20:14:34
  • GT Voice: US-EU 'political convergence' not enough to bridge conflict of interest

    The US and the EU have agreed to restart a bilateral dialogue on China, Reuters reported on Thursday. With the US attempt to woo allies to form an anti-China front shifting from Asia to Europe, the signals from the EU are both disappointing and regrettable.

    By Global Times | 2021/3/25 21:28:40
  • GT Voice: US politicians playing with fire when it comes to 'Taiwan FTA'

    With China-US ties strained, some US politicians are now seeking to make Taiwan an issue of contention, a well-practiced move for many in Washington.

    By Global Times | 2021/3/24 22:16:16
  • GT Voice: What does India's reported restriction-easing signal?

    India seems to be on verge of breaking the ice in economic and trade exchanges with China, which is a welcome development but necessary caution may be still required in the market.

    By Global Times | 2021/3/23 22:41:39
  • GT Voice: Cheaper iron ore squeezes trade bubble with Australia

    The prospect of declining iron ore prices may offer an opportunity for Australia to reflect on its structural economic challenges.

    By Global Times | 2021/3/22 21:44:34
  • GT Voice: Neutrality wise for US allies in Washington-Beijing tiff

    If China could achieve annual 5-6 percent economic growth rate in the next 10 years through 2030, it will become the world's largest economy, renowned economist Justin Lin Yifu said at the China Development Forum 2021 over the weekend.

    By Global Times | 2021/3/21 20:25:58
  • China-US Alaska talks a great lesson for Washington

    On Thursday local time, the first meeting of the China-US high-level dialogue opened with a head-to-head quarrel in Anchorage, Alaska. That came as a complete surprise for many who were watching the show. A number of media outlets and individuals thought it was bizarre that what they were worried about the most actually happened.

    By Wei Jianguo | 2021/3/20 15:45:50
  • GT Voice: Tai faces test in resolving US-China trade conflict

    Katherine Tai was confirmed on Wednesday as the new US trade representative in a rare 98-0 Senate vote.

    By Global Times | 2021/3/18 20:33:55
  • GT Voice: Western media's vitriol of Beijing, BRI never stops

    Some Western media outlets will never give up smearing China by creating conspiracy theories, assaulting Chinese overseas investment projects.

    By Global Times | 2021/3/17 22:56:32
  • Instigated attacks in Myanmar reveal new risk for Chinese firms overseas

    Since neighboring Myanmar plunged into a political crisis, China has strictly observed its long-standing diplomatic tradition of noninterference into other countries' internal affairs and advocacy for peaceful resolution of conflicts. However, many Western governments and political activists have been inclined, not only to interfere in the internal affairs of a sovereign country, but also to pressure others into taking their side.

    By Wang Cong | 2021/3/16 23:28:18
  • GT Voice: London's foray into Asia and Pacific puts Beijing on notice

    UK Prime Minister Boris Johnson is scheduled to visit India in April, Reuters reported on Tuesday.

    By Global Times | 2021/3/16 20:28:48
  • GT Voice: China's investment vital for Myanmar's development

    After several Chinese-invested factories in Yangon of Myanmar were smashed, looted, vandalized or burnt, the Chinese Embassy in Myanmar urged the local government on Sunday to take effective measures to stop violence and punish the perpetrators.

    By Global Times | 2021/3/15 20:31:24
  • GT Voice: Will US lift Australia out of trade woes with China?

    In a recent White House press briefing, US national security adviser Jake Sullivan said US officials will mention China's "coercion of Australia" when top diplomats from the two countries gather for their first in-person meeting in the coming week, according to a Reuters report.

    By Global Times | 2021/3/14 20:28:54
  • GT Voice: Development of Yarlung Zangbo River should be pushed forward despite difficulties

    The just concluded two sessions of China have passed the proposals for formulating its 14th Five-Year Plan and future targets for 2035, setting tone for the prospect of the world's second largest economy. Among dozens of plans in the proposal version, one has drawn wide attention – forming a hydropower development plan on the lower reach of the Yarlung Zangbo River.

    By Global Times | 2021/3/11 21:33:39
  • GT Voice: Tesla's success won't be possible without lavish Chinese consumers

    Fresh off a massive nosedive, Tesla's stock price posted its sharpest one-day gain in a year on Wednesday, rising nearly 20 percent and rebounding amid a recent cascade of sell-offs. Behind the slump, potential reasons offered by observers including growing market competition, shortage of auto microchips, and even the turmoil bitcoin market which Tesla recently set foot in.

    By Global Times | 2021/3/10 19:58:40
  • GT Voice: Taiwan, suffering from drought, needs to partner closely with mainland

    Facing the worst drought in 56 years, the manufacturing of semiconductors on the island of Taiwan has drawn much attention as a sudden global shortage of microchips even halted production for several global auto giants.

    By Global Times | 2021/3/9 20:03:40
  • GT Voice: It's awfully unwise for New Delhi to take sides between US, China

    The US and India have seen more frequent exchanges lately, especially when it comes to the stunt of “countering China's rise.” As the world is shifting into post-pandemic era, with global industrial chains seeing adjustment, timely finding a beneficial position for India while avoid choosing sides between China and the US, will be a test for the wisdom of the Modi administration.

    By Global Times | 2021/3/8 20:13:39
  • GT Voice: Will China's exports to Australia, others keep growing?

    China's foreign trade performance came off to a brisk start this year, with its imports and exports surging 32.2 percent in the first two months. Among the resurgence of its exports, the shipments to Australia jumped 57.2 percent year-on-year, and the reasons behind deserve serious reflection by Australian policy-makers who have been ignorantly undermining bilateral relations with its largest trading partner.

    By Song Lin | 2021/3/7 20:13:39
  • GT Voice: Australia overestimates its capability in critical minerals supply

    After reporting a better-than-expectation 3.1 percent GDP growth for the fourth quarter in 2020, Canberra on Thursday announced a 10-year plan, aiming to boost processing capability of its critical minerals and to enhance its manufacturing industry.

    By Global Times | 2021/3/4 21:33:40
  • GT Voice: Will China resume development pattern back before COVID-19?

    China's annual two sessions, a key event on the country's political calendar, is scheduled to be held on Thursday. As the world remains trapped within the COVID-19 pandemic, how China sets its economic tone for the year has drawn global attention.

    By Global Times | 2021/3/3 19:53:40
  • GT Voice: 'Friends of China' in Australia should be lauded

    Relations between China and Australia have gone through a bleak year in 2020 suffering under Canberra's ill-conceived foreign policy. While Aussie anti-China media outlets and politicians relentlessly smashing bilateral relation, there are people in the country firmly committed to being friends of China even under pressure from inner forces. The friendship under tough times should be lauded, and will be remembered by the Chinese people.

    By Global Times | 2021/3/2 20:33:39
  • GT Voice: Taiwan island's chip industry has been overrated under Washington' cajolery

    After Chinese mainland recently suspended pineapple imports from Taiwan island due to the detection of pests, rounds of politicized hype have been heated on the island with some netizens even clamoring to ban chip exports to the mainland as a “retaliatory”. Absurd as it is, it's actually the US-led Western countries pulling the string by creating a fancy for Taiwan to overrate the strategic significance of its chip industry.

    By Global Times | 2021/3/1 21:33:40
  • GT Voice: Contribution of Indian vaccines should be lauded

    While Canada's appreciation for India's vaccine cooperation could be seen by some as a sign of the latter's success in the so-called "vaccine diplomacy," it is the South Asian nation's tremendous pharmaceutical capacity that really needs to be recognized for its importance in fighting the coronavirus pandemic.

    By Global Times | 2021/2/28 19:13:40
  • GT Voice: Trade woe hype misses core of China-Australia ties

    Australia's largest live-fish exporter, Australian Reef Fish Traders, appears to have lost its market access to China after failing to renew its export license, Australia's ABC News reported on Thursday.

    By Global Times | 2021/2/25 20:04:57
  • GT Voice: What will digital dollar bring to the wider world?

    The United States is not a front-runner in creating its own sovereign cryptocurrency, but thanks to the country's enormous financial influence, the world will still be watching closely any new developments by its central bank.

    By Global Times | 2021/2/24 21:37:08
  • GT Voice: Challenge of reining in tech giants can't be underrated

    While Facebook has agreed to restore its news service in Australia over the next few days, the incident has the potential to be a landmark in strengthening the resolve of global regulators to tighten their grip on tech giants.

    By Global Times | 2021/2/23 19:32:03
  • GT Voice: Boeing adding new woes to a prolonged recovery

    Following a new wave of groundings of Boeing-777 planes, Boeing appears to have a longer and bumpier road to business recovery before the top aircraft maker can stand from the shadow of the 737 MAX crashes.

    By Global Times | 2021/2/22 20:53:17
  • GT Voice: Biden-Trudeau talks may shed light on US trade stance

    US President Joe Biden will hold a virtual bilateral meeting with Canadian Prime Minister Justin Trudeau on Tuesday. As this will mark Biden's first (online) official meeting with a foreign leader since taking office, the event has attracted significant attention and interest from all sides.

    By Global Times | 2021/2/21 19:53:03
  • GT Voice: Will Australia benefit from over-hyped rare-earth threat?

    Western media reports about a potential Chinese restriction on rare-earth exports seem to have bolstered active market performance of some Australian rare-earth producers over recent days.

    By Global Times | 2021/2/18 21:06:18
  • GT Voice: Keeping neutral best suits ASEAN's economic interest

    With Southeast Asia emerging as a crucial region for so-called "influence" competition between the US and China, whether the Association of Southeast Asian Nations (ASEAN) will be leaning toward Beijing or Washington will be closely scrutinized.

    By Global Times | 2021/2/17 21:05:12
  • GT Voice: UK politician's insidious attack on China to backfire

    The UK House of Commons has planned to vote Tuesday on an amendment to its Trade Bill, of which one revised clause is designed to prohibit UK trade with countries that "commit acts of genocide."

    By Global Times | 2021/2/8 22:08:39
  • GT Voice: Anti-epidemic results a shot in the arm for holiday consumption

    China's anti-epidemic efforts achieved a phased victory in the run-up to China's most important festival, with holiday spending levels set to exceed expectations.

    By Global Times | 2021/2/8 20:41:42
  • GT Voice: Avoiding Australian schools shows stalemated relations

    The fact that Australia has once again become the first country that China has warned against studying in for 2021, appears to have dashed hopes of the easing of trade tensions between the two countries, any time soon. Even worse, such a travel advisory warning is sufficient to raise concerns over whether the bilateral ties will continue to sink.

    By Wang Jiamei | 2021/2/7 20:28:31
  • GT Voice: International investors snap up China's bonds

    From the perspective of financial professionals, the main reason for foreign investors to buy Chinese bonds is rooted in their bullish view on the Chinese economy.

    By Global Times | 2021/2/4 21:04:32
  • GT Voice: Apple's reliance on Chinese market unlikely to see shift

    While US technology giant Apple's supply chain diversification drive may lead to concerns among industry watchers, over whether China will get to lose as the world's top factory floor, Apple's reliance on the Chinese market is unlikely to change in the short to medium term.

    By Global Times | 2021/2/3 21:19:23
  • GT Voice: Will the world see a rare-earth contest between China, US?

    The US is embarking on an effort to promote domestic production of rare earths in a bid to break China's grip on previous rare earth supplies, but it is doubtful whether its effort will really make a difference.

    By Global Times | 2021/2/2 19:52:03
  • GT Voice: Canberra's ploy in Mekong creates unwanted instability

    Australia's geopolitical interest in Southeast Asia appears to be growing amid its escalating tensions with China.

    By Global Times | 2021/2/1 21:52:16
  • GT Voice: CPTPP ought to be open, avoid political posturing

    As a key focus of the UK's trade plan post-Brexit, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) appears to gain rising prestige among major economies around the world, however relevant governments need to be careful to keep it open, transparent, and avoid geopolitical posturing.

    By Global Times | 2021/1/31 20:08:58
  • GT Voice: Apple, Tesla enter 'golden' sales period in China

    Apple seems to have entered a "golden" sales period when it comes to consumer preference in China.

    By Global Times | 2021/1/28 20:43:44
  • GT Voice: Canberra's arrogance won't block planned fishery project

    Australia raised concerns about the strategic threats to be posed by a Chinese fishery park project on Daru Island of Papua New Guinea (PNG), but Canberra is expected to gradually accept the fact that China has the ability and right to cooperate with and invest in Pacific island countries.

    By Global Times | 2021/1/27 20:46:48
  • Biden calls for patience with China, but lifting tariffs would be an important, much-needed start

    Since taking over the White House, US President Joe Biden has kept his focus on pressing domestic issues and reversing a slew of actions taken by his predecessor Donald Trump, which is understandable given the confluence of crises the US faces. But less than a week into his presidency, Biden could no longer avoid questions about the mess left by Trump in China-US trade ties.

    By Wang Cong | 2021/1/26 23:45:38
  • GT Voice: Upgraded FTA with NZ a wake-up call for Australia

    New Zealand's deepening economic and trade cooperation with China will probably make exporters in neighboring Australia envious. On Tuesday, China's Commerce Minister Wang Wentao and his New Zealand counterpart signed an upgrade to their existing free trade agreement in a sign of expanding economic cooperation when it comes to trade practices.

    By Global Times | 2021/1/26 21:03:40
  • GT Voice: New Delhi should not inject politics into vaccine delivery

    India's free shipments of millions of doses of COVID-19 vaccine to South Asian countries have drawn growing attention, which is being labeled by some media outlets as "vaccine diplomacy." India itself has been brutally pummeled by the virus, and more than 153,000 Indians have died.

    By Global Times | 2021/1/25 21:15:19
  • GT Voice: Boeing's woes microcosm of US manufacturing

    Public skepticism about flying on a Boeing 737 MAX plane is likely to grow after a Canadian airline cancelled a flight due to a technical issue with the aircraft.

    By Global Times | 2021/1/24 20:06:43
  • GT Voice: Long way to go for recovery of Australian tourism sector

    By recording low daily COVID-19 cases in recent days, Australia is witnessing growing discussions over a potential travel "bubble," shedding a glimmer of light at the end of tunnel for revival of regional tourism.

    By Global Times | 2021/1/21 21:42:10
  • GT Voice: China's economic ascendance set to continue unfettered

    While facing strong headwinds from supply chain disruptions due to the coronavirus pandemic and Trump administration' push to decouple, China remained as one of the world's most attractive investment destinations in 2020.

    By Global Times | 2021/1/20 20:09:38
  • GT Voice: UK faces battle to keep London at heart of global finance

    Pressure is mounting on the UK financial service providers as the EU seeks to strengthen its financial standing and promote the euro's role in the world which has long been eclipsed by the predominance of the US dollar.

    By Global Times | 2021/1/19 19:08:39
  • GT Voice: Strong fundamentals justify appeal of China bond issues

    Index provider FTSE Russell faced strong pushback from some Japanese investors when explaining its plan to add Chinese government bonds to its flagship World Government Bond Index (WGBI) at a recent online meeting, according to Reuters.

    By Global Times | 2021/1/18 19:54:25
  • GT Voice: Transparency, caution key to vaccine drive in India

    Like the world's other COVID-19 vaccines that have been pushed to the front line of the fight against the pandemic at a fervent pace, India's vaccines are actually facing a mix response of doubt and praise.

    By Global Times | 2021/1/17 20:33:39
  • GT Voice: India, others can learn from Vietnam 2020 trade boom

    With ASEAN countries becoming China's largest trading partner in 2020, bilateral trade between China and Vietnam witnessed particularly remarkable growth.

    By Global Times | 2021/1/14 21:07:14
  • GT Voice: Too soon to see turning point in China-India trade

    Given a likely 20 percent drop in India's imports from China in 2020, the trade between China and India may have reached a turning point, according to a report published on Nikkei's Chinese website on Wednesday.

    By Global Times | 2021/1/13 20:03:55
  • GT Voice: Robert Lighthizer did enormous harm to US-China trade, relations

    In an interview with The Wall Street Journal published on Monday, outgoing US Trade Representative Robert Lighthizer urged President-elect Joe Biden to keep all tariffs imposed on China, even if that considerably raises prices for US businesses and consumers.

    By Global Times | 2021/1/12 20:11:27
  • GT Voice: Bitcoin, on a roller coaster ride, may lead to rising risks

    Bitcoin has been on a roller coaster ride lately. The leading crypto-currency plunged as much as 21 percent from Sunday to Monday to as low as $32,389. The fall came just days after bitcoin soared 40 percent at the beginning of the new year to reach an all-time high of nearly $42,000.

    By Global Times | 2021/1/11 19:54:44
  • GT Voice: Bullish US stock performance underlines bubble risks

    No matter how bad things get, investors in the US stock market seem to be seeing only good news supporting the crazy upward march.

    By Global Times | 2021/1/10 20:39:43
  • GT Voice: Australia trade surplus built on shaky long-term basis

    Australia's trade surplus shrank to A$5 billion ($3.9 billion) in November, down from A$6.6 billion in October, according to figures released on Thursday by the Australian Bureau of Statistics.

    By Global Times | 2021/1/7 20:12:05
  • GT Voice: Slow vaccination rollout tells of deeper problem in Europe

    Like many pinning hopes of ending the pandemic on vaccines, European countries have also bet their economic recovery on a cure for the virus, which is also why the EU organized the joint procurement program earlier in 2020 to ensure the vaccine availability for all of its member states. Yet, the slow progress underlines that this is actually a test of a country's manufacturing and supply chain strength.

    By Global Times | 2021/1/6 20:36:18
  • GT Voice: Strength of yuan testament to nation's economic health

    On Tuesday, the onshore yuan rate broke the 6.45 mark and hit 6.4303 against the US dollar, the highest level since June 2018. In the first two trading days of the new year, the currency gained about 1 percent in the onshore market after strengthening 6.26 percent against the dollar in 2020.

    By Global Times | 2021/1/5 20:24:23
  • GT Voice: Will vaccines be life raft for weak Indian economy?

    While some Indians pin high hopes of ending the country's public health crisis on the COVID-19 vaccine, it may not necessarily be a shot in the arm for India's economy.

    By Global Times | 2021/1/4 19:03:39
  • GT Voice: China boosts confidence for global poverty reduction

    Through the joint efforts of all parties led by the government, China has lifted its rural population out of absolute poverty and removed all poverty-stricken counties from the poverty list, accomplishing the target of eradicating extreme poverty by the end of 2020, the Poverty Alleviation Office of the State Council announced last week.

    By Global Times | 2021/1/3 20:15:21
  • GT Voice: Cancellation of some New Year events an affordable loss for Chinese economy

    Due to the resurgence of sporadic COVID-19 cases, some Chinese cities and scenic spots announced that they will not arrange festive activities on New Year's Eve.

    By Global Times | 2020/12/30 23:39:29
  • GT Voice: Political gamesmanship to further hurt Australian employment

    Political gamesmanship to hurt Australian employment

    By Global Times | 2020/12/29 21:54:17
  • GT Voice: Indo-Pacific a distraction for stabilizing UK economy post-Brexit

    The UK appears to be turning to the Indo-Pacific region as one of its pivots for post-Brexit economic and trade cooperation, which, however, makes more geopolitical sense than it does from an economic perspective.

    By Global Times | 2020/12/28 20:13:07
  • GT Voice: Yuan continues to edge up in value, posing little risk to economy

    With the Chinese economy recovering a long way ahead of most other economies, the continuing flow of capital into China's bond and stock markets is expected to maintain the yuan's appreciation trend into 2021.

    By Global Times | 2020/12/27 20:19:23
  • GT Voice: Long-awaited EU-UK trade deal to boost economic stability

    Britain and the European Union agreed to a new Brexit trading arrangements on Christmas Eve, CNBC reported. The deal is a Christmas gift not only for the British economy but also for the COVID-19-battered global financial market.

    By Wang Jiamei | 2020/12/24 20:58:39
  • GT Voice: Canada's political interventions scupper normal business deal

    The Canadian government vetoed a bid by China's Shandong Gold Mining Co to acquire the asset of TMAC Resources Inc on national security grounds, the Chinese state-owned company confirmed in a stock exchange filing on Tuesday.

    By Global Times | 2020/12/23 19:48:40
  • World's factory offers win-win, Indian merchants working hard to keep trade flow unchecked

    Even as bilateral ties between China and India fell to their lowest point in decades this year, following a deadly border clash on the Himalayas in June, Indian companies and traders are still buying goods from China, according to exporters from Dongguan, one of the world's leading maufacturing hubs in South China's Guangdong Province.

    By GT staff reporters | 2020/12/23 15:43:22
  • GT Voice: Canberra's barley complaint at WTO won't scare China

    The World Trade Organization (WTO) on Monday confirmed on its website Australia had officially lodged a complaint against China over anti-dumping and anti-subsidy duties imposed on its barley exports.

    By Global Times | 2020/12/22 20:08:39
  • GT Voice: World must prepare as UK economic woes spill over

    As a new mutation of the coronavirus in Britain reportedly rages out of control, the country is now facing a bigger health crisis than the no-deal Brexit.

    By Global Times | 2020/12/21 21:03:16
  • GT Voice: Holiday revelers should not lessen guard against coronavirus

    The possibility of imported cold-chain food products causing another moderate wave of COVID-19 outbreak in China is casting a shadow over the upcoming holiday economy.

    By Global Times | 2020/12/20 21:08:59
  • Tariff war didn't work on China under Trump, won't work under Biden

    In a recent interview with Reuters, outgoing US Trade Representative Robert Lighthizer sought to defend the US' multi-year trade war with China and even suggested that the incoming Joe Biden administration should keep tariffs on Chinese goods and "hold their feet to the fire" on the China-US phase one trade agreement.

    By Wang Cong | 2020/12/17 22:08:40
  • GT Voice: China moves toward iron ore import substitution

    In an attempt to diversify raw materials for steel-making and reduce the industry's over-reliance on iron ore, China has officially issued a set of new national standard for steel scrap recently, the Xinhua News Agency said on Thursday, citing the China Iron and Steel Association.

    By Global Times | 2020/12/17 20:28:39
  • GT Voice: Dump of US Treasury bonds is due to dollar's weakness

    With the US economic recovery remaining fragile due to a voracious resurgence of the coronavirus pandemic, many central banks around the world continued to dump US Treasury bonds, as they are pessimistic about the US economy's performance in the upcoming months.

    By Global Times | 2020/12/16 19:43:41
  • GT Voice: Widening wealth divide erodes India's manufacturing industry

    The violent attack at Wistron's iPhone plant in southern India resulted in losses of up to NT$200 million ($7.12 million), but major production facilities did not suffer serious damage, the Taiwan-based contract manufacturer said in a statement filed to the Taiwan Stock Exchange on Tuesday.

    By Global Times | 2020/12/15 20:08:40
  • GT Voice: US geopolitical gimmick to interfere in Mekong is doomed

    The Trump administration is obsessed with hyping up the Lancang-Mekong River water resource issues, but fails to realize its position of utter flagrancy and arrogance will only be a burden for regional players.

    By Global Times | 2020/12/14 21:04:25
  • GT Voice: Canberra's paranoia about China-PNG fishery project lays bare its ill intention

    A seemingly trivial fishery project between China and Papua New Guinea (PNG) may have struck a nerve with some in Australia amid the deteriorating China-Australia relationship.

    By Global Times | 2020/12/13 21:20:27
  • GT Voice: Iron ore no exception in twisted China-Australia trade

    Impacts of the downward spiral of China-Australia relations on Australian exports are striking in both scope and severity. As the most important part of China-Australia trade, iron ore may be less vulnerable to political shocks compared to other products, but it is not completely immune.

    By Global Times | 2020/12/10 22:02:52
  • GT Voice:Yuan's value skyrockets in response to market forces

    Buttressed by the sustained economic recovery from COVID-19, the Chinese currency, or yuan, has seen a stellar run gaining much value against the world's other currencies in recent months. A steadily rising Chinese currency could also help easing economic and trade frictions between Beijing and incoming Joe Biden administration.

    By Global Times | 2020/12/9 21:27:47
  • Poor choices by London post-Brexit may hurt trade

    With a free trade agreement between the UK and the EU still up in the air, UK Prime Minister Boris Johnson will travel to Brussels for a face-to-face meeting with European Commission President Ursula von der Leyen in a last-minute attempt to reach a historic trade and security deal, according to media reports.

    By Global Times | 2020/12/8 20:37:19
  • Australian coal workers to suffer economic pain, more acutely

    Recent market attention over whether coal will be the next commodity to be impacted by the precipitating deterioration of China-Australia relations is understandable. Although BIMCO figures indicated that Australia was the best performer among all the major coal exporters to China during the first 10 months of this year with Chinese coal imports from Australia hitting a record high of 77.4 million tons, but it is economically feasible for China to reduce Australian coal imports, significantly.

    By Wang Jiamei | 2020/12/7 19:38:40
  • Aerospace gains give China more leverage in tech war

    After completing the first spacecraft rendezvous in lunar orbit, the orbiter-returner of China's Chang'e-5 probe separated from the ascender, waiting for the right time to return to Earth with its lunar samples, the China National Space Administration announced on Sunday.

    By Global Times | 2020/12/6 22:34:47
  • Biden is obliged to end the trade war with China sooner

    US President-elect Joe Biden on Wednesday offered the clearest signal of his approach toward the multi-year trade war and overall economic and trade relations with China. In a wide-ranging interview with The New York Times, Biden said that he would not immediately remove tariffs on hundreds of billions of dollars worth of Chinese products against WTO rules, and that he would "consult" with US allies to develop a "coherent strategy" against China.

    By Global Times | 2020/12/3 20:56:32
  • China-Australia trade stalemate far from hitting bottom

    The Australian Bureau of Statistics is scheduled to release trade data for October on Thursday, which may not show a free-fall drop yet as many have concerned amid cascading trade tensions with China.

    By Global Times | 2020/12/2 20:08:40
  • How far is Hong Kong's economy from a recovery?

    Hong Kong Disneyland will close on Wednesday as the Hong Kong Special Administrative Region (HKSAR) government announced new restrictions on public gatherings due to an uptick in COVID-19 cases.

    By Global Times | 2020/12/1 20:04:31
  • Geopolitical rivalry should be averted in Japan-China ties

    Japan and India will sign an unprecedented memorandum of understanding to support the introduction of Japanese 5G networks, fiber-optic sea cables and other technology in India, the Nikkei reported on Sunday.

    By Global Times | 2020/11/30 21:27:49
  • Will China's consumption power reverse US decoupling pursuit?

    With its retail sales hitting a record high of 41.2 trillion yuan ($6.26 trillion) in 2019, China will soon surpass the US as the world's largest retail market for consumer goods, Lian Weiliang, deputy chief of the National Development and Reform Commission, China's top economic planner, said on Sunday.

    By Global Times | 2020/11/29 19:56:29
  • Washington needs to repudiate isolationism, reactivate China ties

    The norms of upholding broad multilateral cooperation and win-win engagement with China ought to be pursued by the US, as the incoming Joe Biden administration is weighing up its new strategy on how to manage what many pundits define as the most important bilateral relationship in the world.

    By Wen Sheng | 2020/11/29 15:15:25
  • Trump's tariffs set a trap for incoming Biden administration

    The Trump administration has imposed new tariffs on Chinese twist-ties, the Wall Street Journal reported on Thursday, in a worrying sign that the US-China economic conflict may be rekindled.

    By Global Times | 2020/11/26 20:52:48
  • Wider India app ban means darker days for investors

    The Indian government has announced on Tuesday its intention to block more Chinese apps, including AliExpress, in a list of 43 on "spurious national security grounds."

    By Global Times | 2020/11/25 20:48:40
  • Calls to ease tensions with China shouldn't be overlooked by Ottawa

    The list of Canadian politicians who have joined the campaign to release Huawei executive Meng Wanzhou continues to grow. According to Canadian media reports, two Canadian members of parliament, the New Democratic Party's Niki Ashton and the Green Party's Paul Manly, are set to speak at an online panel discussion calling for the release of Meng on Tuesday.

    By Global Times | 2020/11/24 20:02:25
  • Will Biden improve China ties frayed by predecessor?

    It seems highly likely that sitting US President Donald Trump will move to inflame trade tensions with China during his final months in office, no matter whose interests he is bent on hurting.

    By Global Times | 2020/11/23 21:50:55
  • Opportunities will open to Japan if China joins CPTPP

    In the wake of the signing of the Regional Comprehensive Economic Partnership (RCEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has inevitably attracted much attention, especially after China expressed an open and positive attitude toward joining CPTPP.

    By Global Times | 2020/11/22 20:38:04