GT Voice
While there will be no winners in the US-led technological war against China, it is still essential for China to consider the big picture with regards to how to strengthen cooperation and reduce losses.
By Global Times | 2023/1/27 19:27:42
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  • GT Voice: China's festival consumption injects renewed impetus in economy

    With the global demand being hit, China may be one of the few countries that can offer support to the world economic growth in 2023. China provides a huge market for global consumer goods, while Chinese tourists play an important role in boosting overseas travel markets.

    By Global Times | 2023/1/19 11:04:33
  • GT Voice: US unable to push 'reshoring' and 'decoupling' simultaneously with Europe

    Firm support for globalization and multilateralism has always been common ground between China and Europe.

    By Global Times | 2023/1/18 23:18:42
  • GT Voice: US the biggest obstructer of global recovery in 2023

    The IMF said in its latest staff report that after decades of increasing global economic integration, the world is facing the risk of fragmentation, which could reduce global economic output by up to 7 percent. And with the addition of technological "decoupling," the loss in output could reach 8 to 12 percent in some countries, it warned.

    By Global Times | 2023/1/17 23:22:35
  • GT Voice: US disruptions cause energy woes, not China's recovery

    The degree to which China's economic recovery in 2023 will affect global energy market is now a topic of great concern as almost every media report on oil prices is mentioning the prospect of China's recovering energy demand, such as the Bloomberg report entitled "Oil's Advance Takes Breather as Investors Assess China Reopening" on Monday.

    By Global Times | 2023/1/16 23:29:34
  • GT Voice: Positive signals from Canberra bode well for improving ties

    Australian Prime Minister Anthony Albanese told reporters on Saturday that Australia aims to continue to boost relations with China as it seeks to fully restore trade ties with its largest export market.

    By Global Times | 2023/1/15 21:30:51
  • GT Voice: Rising signs of US supply chain shift require vigilance

    As the US and India appear to move toward closer trade ties, it is essential for China to be vigilant as to Washington's plan to accelerate a global realignment of supply chains.

    By Global Times | 2023/1/12 22:53:48
  • GT Voice: US attempts to manipulate semiconductors to ruin sector

    There is no doubt that the idea of boosting North America semiconductor industrial chain is led by the US, which is "America First-driven." Canada and Mexico are nothing but subordinates in the US-dominated supply chain.

    By Global Times | 2023/1/11 22:00:22
  • GT Voice: US steps up pressure on allies over chip ban, but to no avail

    US Ambassador to Japan Rahm Emanuel said the US is in discussions with Japan, the Netherlands and South Korea over restricting semiconductor exports to China, and it needs all parties to agree on a deal, Bloomberg reported on Monday. That sounds more like another round of pressuring.

    By Global Times | 2023/1/10 22:04:48
  • GT Voice: US industrial goals clash with 'decoupling' from China hype

    Despite the Biden administration's efforts to adopt various measures and stimulus policies to promote the domestic production of electric vehicles (EVs) and other green technologies, Washington's political rhetoric of reducing dependence on China seems increasingly at odds with its ambitious industrial goals.

    By Global Times | 2023/1/9 23:57:03
  • GT Voice: Smearing Chinese economy won't help US tackle its own woes

    No matter how China adjusts its epidemic prevention and control measures, some in the US always seem to find ways to misinterpret them as posing uncertainty to global supply chains. However, such bias looks increasingly like a cover-up to blur the risk the US economy is about to unleash on the global economy.

    By Global Times | 2023/1/8 22:52:03
  • GT Voice: S.Korean firms can't deny cooperation trend despite challenges

    About half of the South Korean companies in China said their sales and profits are likely to have decreased in 2022 due to reduced local demand, fierce market competition and the ongoing epidemic, according to a survey released by the Korea Institute for Industrial Economic and Trade on Wednesday, South Korean business news portal Business Korea reported.

    By Global Times | 2023/1/5 23:07:31
  • GT Voice: US chip restrictions on China to harm Japanese companies

    Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura is set to visit the US from Thursday to discuss issues such as cutting-edge semiconductor technology cooperation as well as US restrictions on selling advanced chip technology to China, the Sankei newspaper reported on Tuesday.

    By Global Times | 2023/1/4 23:40:18
  • GT Voice: Tesla's pressure highlights more competitive market

    While it has become common to see Western media outlets blame Chinese supply chain problems partially for the sluggish stock performance of Tesla and Apple, it may be time for the two US giants to face up to the challenges of a more competitive Chinese market.

    By Global Times | 2023/1/3 23:34:17
  • GT Voice: Need for China-Philippines cooperation overwhelming despite external noise

    The history of friendly exchanges between China and the Philippines shows that China is a good neighbor and partner of the Philippines for economic development. Staying committed to making the cooperation pie bigger is in the best interests of both sides.

    By Global Times | 2023/1/2 23:43:59
  • GT Voice: Political bias unhelpful to benefit from China's outbound tourism

    As the world has entered a period of turbulence and transformation, cooperation will be critical to promote economic recovery in the post-epidemic era.

    By Global Times | 2022/12/29 0:42:24
  • GT Voice: Lack of adequate supply chain underlines problems for India

    There is no shortage of media reports claiming that Apple Corporation's major contractors have been planning more production capacity in India, which has been widely seen as an important indicator reflecting Apple's supply chain shift away from China.

    By Global Times | 2022/12/28 21:09:56
  • GT Voice: US politicians get jittery about TikTok's tech, rising influence

    Some Biden administration officials are pushing for the sale of TikTok's US branch, citing the so-called security concerns over the company's operations in the country, the Wall Street Journal reported on Monday.

    By Global Times | 2022/12/27 22:50:17
  • GT Voice: Signal on tighter scrutiny of US-listed Chinese firms unwise

    At a time when China and the US have already won hard-earned results in bilateral auditing cooperation, it is unwise for the US to signal that more political pressure may be coming for US-listed Chinese companies.

    By Global Times | 2022/12/26 23:08:49
  • GT Voice: Innovation key to China's confidence in 2023 recovery

    Over the past three years, many have focused only on the impact of the pandemic on the Chinese economy, while overlooking the fact that leading Chinese companies such as telecom giant Huawei have recorded continuous progress in innovation, which is where China's confidence lies in when it comes to recovering from the Omicron outbreak.

    By Global Times | 2022/12/25 22:57:26
  • GT Voice: Renewed dialogue encouraging for China-Australia relationships

    China and Australia agreed to commerce or restart dialogue in six areas, according to a joint statement released after an "ice-breaking" meeting between Chinese State Councilor and Foreign Minister Wang Yi and Australian Foreign Minister Penny Wong on Wednesday.

    By Global Times | 2022/12/22 22:55:36
  • GT Voice: Divergence of growth forecasts shows need for coordination

    The divergence of economic forecasts about the Chinese and US economies points to the challenges ahead, which call for more cooperation than confrontation pushed by Washington.

    By Global Times | 2022/12/21 23:10:46
  • GT Voice: Australia can be East-West bridge, not US pawn to contain China

    Even if there are some specific issues that cannot be resolved in the short term during the process of warming China-Australia relations, efforts in continuously moving forward the relationship remain worthwhile.

    By Global Times | 2022/12/20 22:19:27
  • GT Voice: Fairer investment rules will be a boost for developing economies

    More than 110 WTO members reportedly signed and participated in the negotiation of the IFD, which shows that promoting development through opening-up and cooperation remains the mainstream of the global economic development.

    By Global Times | 2022/12/19 0:11:57
  • GT Voice: Vigilance against protectionism needed in EU's carbon border tax

    The EU's move marks a big step forward for the bloc in accelerating emissions cuts, which is an encouragement in terms of joint efforts in tackling climate change. But vigilance is needed as to whether the carbon border tariffs will lead to more protectionism.

    By Global Times | 2022/12/19 23:28:08
  • GT Voice: China's economic recovery no scapegoat for Western energy crunch

    The potential increase in Chinese demand for energy products doesn't necessarily mean China will exacerbate the global energy crunch. Imbalance in the global energy supply is the root cause of the current energy crisis which appears likely to continue into 2023.

    By Global Times | 2022/12/15 22:56:31
  • GT Voice: Germany's interests harmed by hardliners' irrational claims

    At a time when both China and Germany have shown their willingness to further deepen mutually beneficial cooperation, it is selfish of a few German politicians to choose to play tough with China, which only reflects their disregard for Germany's overall interests.

    By Global Times | 2022/12/14 23:53:22
  • GT Voice: China's renewed economic vitality to offer certainty to Asia

    Among the discussions surrounding how much vitality China's further optimization of COVID-19 response will unleash for the Chinese economy, one thing seems certain that China's economic recovery will inject more certainty into Asia's economic development in 2023.

    By Global Times | 2022/12/13 23:54:36
  • GT Voice: Blackstone warning liquidity crunch deserves due attention

    The recent financial events, such as Blackstone's limits on redemptions, are the inevitable results of Americans' excessive innovation in the financial sector over the years, which could be seen as a sign of a liquidity problem surfacing in the US.

    By Global Times | 2022/12/12 23:46:06
  • GT Voice: Japan bound to get hurt in American 'chip war'

    The US is ratcheting up pressure on its allies, including Japan, to follow Washington's lead in controlling exports of semiconductor-related products and technology to China.

    By Global Times | 2022/12/11 23:20:30
  • GT Voice: Hyping China's 'impact' on prices exposes West's anxiety

    Some Western media outlets have showed signs of blaming China for the inflation problems facing the global economy, but it only reflects their anxiety and lack of confidence in the West's ability to clean up their own mess.

    By Global Times | 2022/12/9 0:42:44
  • GT Voice: Some in Canada seek 'decoupling' from China, but trade data say no

    As costs inevitably rise for their businesses and consumers, many Western politicians find themselves in an awkward position of having to warm up to China again. This has been the case for a growing number of Western countries, we don't see how Canada will be the exemption.

    By Global Times | 2022/12/7 21:49:32
  • GT Voice: Pointing finger at China won't make US-EU trade divide disappear

    If the US and EU can only reach a coordinated approach in dealing with the so-called China challenges, then their shaky "friendship" will be far from enough to bridge their divide exposed by Washington's pursuit of its own interests.

    By Global Times | 2022/12/6 23:06:20
  • GT Voice: Misuse of trade indicator misses bigger picture of China-US ties

    It is far-fetched and disgraceful for some Western media outlets with ulterior motives to play up China-US trade setbacks and place the responsibility on Beijing, which actually is due to the geopolitical pressure caused by Washington's suppression on the Chinese economy.

    By Global Times | 2022/12/5 22:56:09
  • GT Voice: More China-India economic cooperation than competition

    Western media outlets are hyping up South Asia as a “battleground”, alleging India and China have been locked in a tussle for geo-economic influence, which only reflects the West's narrow-minded zero-sum game mentality.

    By Global Times | 2022/12/4 21:30:48
  • GT Voice: Surge of US-listed Chinese stocks shows confidence

    When Western media outlets and politicians warned about the so-called global impact of China's anti-COVID-19 measures on supply chains, investors appeared totally unimpressed, an ironic contrast that reveals the real level of market confidence in the Chinese economy amid Western badmouthing.

    By Global Times | 2022/12/2 0:02:26
  • GT Voice: UK's economic strength weakens further as investment climate deteriorates

    With the baffling move taken by the British government to cite the so-called national security as a reason to leave national interests and commercial credibility behind, Britain's economic power is weakening further as its domestic investment climate deteriorates.

    By Global Times | 2022/11/30 23:41:57
  • GT Voice: China's NEV sector needs precautions, but 'honeymoon' not over yet

    As concerns over whether China's NEV sector will be pressured by the rise of Western protectionism, there is a need for China to take precautions. But “honeymoon” for sector is not over yet.

    By Global Times | 2022/11/29 23:12:19
  • GT Voice: EU needs to counter American protectionism with globalization

    When it comes to dealing with the US' protectionist measures against European interests, Europe needs to counter with a more open approach for globalization, instead of falling into a trap of protectionism.

    By Global Times | 2022/11/28 23:56:11
  • GT Voice: Enhancing resilience of supply chains a top priority for China

    As a restructuring of the global industrial chain seems to have accelerated amid the COVID-19 pandemic, the Russia-Ukraine conflict and the US' "decoupling" maneuver, there is a rising need for China, the world's largest manufacturing hub, to stabilize and promote a rapid recovery of the country's industrial chain from the fallout of a recent coronavirus flare-up.

    By Global Times | 2022/11/27 21:51:03
  • GT Voice: Asia must jointly tackle external risks amid looming US-EU 'subsidy war'

    At a time when the US and the EU are likely to be locked in what has been described as a looming "subsidy war" aimed at propping up local industrial chains, jointly preventing the potential loss of manufacturing jobs should become a top priority for economic and trade cooperation among Asian economies in the near future.

    By Global Times | 2022/11/24 21:15:13
  • GT Voice: Exports a top priority for Japan, and China can help

    As Japan is facing the most important tasks of keeping the COVID-19 epidemic under control and restoring economic vitality, how to expand its exports has become key to boosting the country's economic recovery, highlighting the importance of further improving its economic and trade relations with China.

    By Global Times | 2022/11/23 23:12:29
  • GT Voice: US govt, not China, responsible for its own economic problems

    Wall Street's main indexes fallen steeply on Monday, with the NASDAQ Composite dropping 1.09 percent and the S&P 500 losing 0.39 percent. Meanwhile, the US dollar index, which measures the greenback against six major peers, surged 0.85 percent amid risk-averse sentiment.

    By Global Times | 2022/11/22 20:32:10
  • GT Voice: US politician's attempt to add fuel to tech war with China self-harming

    Kevin McCarthy, the Republican leader in the US House of Representatives, said in an interview with Fox News on Sunday he would establish a special committee on China if he is elected speaker, Reuters reported on Monday.

    By Global Times | 2022/11/21 23:18:10
  • GT Voice: Netherlands faces test amid US semiconductor export ban

    The Netherlands has shown some resistance toward US pressure aimed at persuading allies to join its campaign for keeping advanced chip technologies from China, a manifestation of vigilance that actually reflects the attention to the interest of its own companies.

    By Global Times | 2022/11/20 22:56:18
  • GT Voice: Asia-Pacific needs cooperation, not meaningless confrontation

    The absence of US President Joe Biden from the APEC meeting is not a sign that the US, the region's strongest economy, values regional cooperation. At the same time, some analysts point out that the US strategic focus on the Asia-Pacific region is to overshadow or trump China's influence in the region.

    By Global Times | 2022/11/17 22:44:24
  • GT Voice: Trade fragmentation rolls back multilateral system, causing poverty

    There is a saying that nations are always better off when they choose to practice free trade, or buy and sell from one another freely. When a country opens up to unrestricted normal trade, capital and labor will shift, more efficiently and wisely too, toward those industries in which they are used.

    By Global Times | 2022/11/16 21:38:30
  • GT Voice: China-Australia summit may herald new turn in relations

    A landmark meeting between the leaders of China and Australia, on the sidelines of the G20 summit in Bali, Indonesia, injected precious stability and new impetus into bilateral relations.

    By Global Times | 2022/11/15 23:36:37
  • GT Voice: Habeck's call to diversify trade partners shouldn't target China

    Speaking on the sidelines of a conference exploring ways to diversify German business investments in Asia, German Economy Minister Robert Habeck has, once again, stepped up his exaggerated hype of the "dangers of excessive reliance on single trading partners."

    By Global Times | 2022/11/14 22:45:05
  • GT Voice: Regional cooperation to help South Korea tackle economic headwinds

    South Korea's export-oriented economy is losing momentum, as a variety of economic indicators reflect weakening performance across the board, and analysts warned of further headwinds for the economy.

    By Global Times | 2022/11/13 23:13:29
  • GT Voice: Free fall in shares of Amazon reveals US' structural problems

    US e-commerce giant Amazon has made history as the world's first public company to lose $1 trillion in market value amid a tech stock rout in the US, Bloomberg reported on Thursday.

    By Global Times | 2022/11/11 0:23:18
  • GT Voice: India shouldn't buy what US is selling during Yellen's trip

    US Treasury Secretary Janet Yellen embarked on a trip to India on Tuesday, during which her schedule will include the participation of the US-India Economic and Financial Partnership dialogue in New Delhi and a meeting with Indian Finance Minister Nirmala Sitharaman, Reuters reported.

    By Global Times | 2022/11/10 1:24:01
  • GT Voice: US anti-inflation act pushes world toward another tariff war

    Germany's Finance Minister Christian Lindner said on Monday that the EU and the US need dialogue to ease trade tensions triggered by the US Inflation Reduction Act, which is threatening European businesses and industry, Reuters reported.

    By Global Times | 2022/11/9 0:40:22
  • GT Voice: Rocketing auto exports show the US cannot contain China's devt

    China's automobile exports reached 352,000 units in October, with the total number of exported cars in the first 10 months up 52.8 percent year-on-year, according to Chinese customs data released on Monday. Meanwhile, the total value of China's auto exports in US dollar terms grew 67.9 percent year-on-year during the period from January to October.

    By Global Times | 2022/11/8 0:07:45
  • GT Voice: Biden touts his policies, but they defy well-known laws of economics

    Despite the growing pessimism about the US economy and fears of a potential recession, US President Joe Biden appears to be ignoring serious problems for the US economy, including his own policies, and only focusing on certain positive aspects of the US economy ahead of the US midterm elections.

    By Global Times | 2022/11/7 0:38:58
  • GT Voice: US in no position to dictate China-Germany business cooperation

    The US cautioned Germany against allowing Chinese shipping firm Cosco to obtain a controlling stake in a container port in Hamburg, Reuters reported on Thursday, citing "a senior US State Department official."

    By Global Times | 2022/11/3 22:18:15
  • GT Voice: Japan must look before it leaps on chip ban by US

    The Japanese government has begun internal discussions over Washington's request for its allies, including Japan, to follow its lead on cutting China off from advanced semiconductors and related technology, and Japanese officials are weighing which export restrictions they can adopt, Nikkei Asia reported on Tuesday, citing an anonymous "Japanese government insider."

    By Global Times | 2022/11/2 23:06:44
  • GT Voice: US-Europe ties look increasingly like zero-sum competition

    US President Joe Biden on Monday called on US oil and gas companies to use their record profits to reduce costs for Americans and increase production, or pay a higher tax rate, Reuters reported on Tuesday. "It's time for these companies to stop war profiteering," Biden reportedly said.

    By Global Times | 2022/11/1 22:31:53
  • GT Voice: German firms' pragmatism will be rewarded by market

    German Chancellor Olaf Scholz is scheduled to visit China later this week, with a delegation of senior business leaders, including the chief executive officers of BASF SE, Bayer AG, BMW AG, pharmaceuticals group Merck KGaA and Wacker Chemie AG, among others, according to German media reports.

    By Global Times | 2022/10/31 21:55:08
  • GT Voice: EU chamber chief's China claim unfounded, counterproductive

    Jörg Wuttke, president of the European Union Chamber of Commerce in China, said in a recent interview that at the end of his career in China, he may have to "witness China actually closing up again to some extent," according to a report from the Chinese version of the Voice of America, the US government's propaganda arm, on Saturday.

    By Global Times | 2022/10/30 21:39:19
  • GT Voice: Australia 'rides out Chinese sanctions'? Just more delusions

    Australia recorded booming exports recently as it "rides out Chinese sanctions," thanks to increased trade with other Asian countries in addition to Chinese demand for iron ore and other critical products, the Financial Times reported on Thursday.

    By Global Times | 2022/10/27 23:10:34
  • GT Voice: US Fed cannot ignore rising criticism of its malign policy

    US Senate Banking Committee Chair Sherrod Brown in a letter on Tuesday urged Federal Reserve Chair Jerome Powell to be cautious when it comes to tightening monetary policy that may risk costing the jobs of millions of Americans already plagued by high inflation, Reuters reported.

    By Global Times | 2022/10/26 22:39:39
  • GT Voice: Will Sunak be able to lift UK economy out of the doldrums?

    Rishi Sunak officially took over as Britain's Prime Minister, becoming the country's third leader in seven weeks. He told Conservative lawmakers on Monday his first priority was delivering economic stability, Reuters reported.

    By Global Times | 2022/10/25 22:30:16
  • GT Voice: Opposition to port deal shows bias against German interests

    The debate about whether to allow Chinese state-owned shipping giant Cosco to acquire a stake in a container port in Hamburg remains under the spotlight in Germany, according to local media reports.

    By Global Times | 2022/10/24 22:59:36
  • GT Voice: Canadian official's comment on 'decoupling' absurd, arrogant

    During a recent trip to Washington, Canada's Industry Minister Francois-Philippe Champagne called on the US to invest in Canadian mineral projects to reduce reliance on China, according to Canadian media outlet CBC.

    By Global Times | 2022/10/23 22:49:30
  • GT Voice: Nightmare for US chip firms just beginning after latest ban

    US chipmaking equipment supplier Lam Research on Wednesday warned of a $2 billion to $2.5 billion revenue hit in 2023 from Washington's latest export controls on advanced semiconductors and equipment to China, which covers about 30 percent of the US company's sales, Reuters reported.

    By Global Times | 2022/10/20 20:35:48
  • GT Voice: EU's pursuit of ceiling on gas prices likely to be a tough sell

    The European Commission on Tuesday proposed a set of emergency measures aimed at cushioning consumers from high gas prices ahead of winter, which include launching joint gas purchasing by EU countries and setting a temporary "maximum dynamic price" on trades at the Title Transfer Facility (TTF) Dutch gas hub, Reuters reported.

    By Global Times | 2022/10/19 22:31:02
  • GT Voice: Recession forecast of US economy points to decline in its hegemony

    The probability of the US economy slipping into a recession in the next 12 months has hit 100 percent, according to the new Bloomberg Economics model projections released on Monday. The forecast is a sharp jump from the 65 percent probability in the previous update.

    By Global Times | 2022/10/18 22:40:31
  • GT Voice: China, EU need cooperation, not rivalry, in developing NEVs

    In a report released on Monday, the Brussels-based climate group Transport & Environment said that the growth of electric vehicle (EV) sales in the EU had slowed and the bloc needs to provide more regulatory incentives for its carmakers to scale up EV production or risk losing market share to Chinese rivals, Reuters reported.

    By Global Times | 2022/10/17 22:44:24
  • GT Voice: China's steady devt an anchor for a troubled global economy

    The 20th National Congress of the Communist Party of China (CPC) opened on Sunday. The CPC has brought about an all-round improvement in Chinese people's lives over the past decade, according to a report submitted to the 20th CPC National Congress. The CPC has taken China on a new journey toward building a modern socialist country in all respects.

    By Global Times | 2022/10/16 23:41:31
  • GT Voice: China injects most certainty into battered world economy

    The Atlantic Council and Rhodium Group said in a latest report assessing China's economic development that the country's progress in implementing market reforms has become "stagnated," the South China Morning Post reported on Thursday.

    By Global Times | 2022/10/13 23:41:26
  • GT Voice: DPP's secessionism endangers Taiwan region's chip industry

    At an event hosted by Washington's Center for Strategic and International Studies, the head of the economic affairs authority on the Taiwan island, Wang Mei-Hua, asserted that "if Taiwan remains safe, global supply chains for vital semiconductors would also be secure," Reuters reported on Wednesday.

    By Global Times | 2022/10/12 22:40:27
  • GT Voice: International cooperation can hit back against US chip curbs

    China's cooperation across the global semiconductor supply chain has not eroded, but has instead strengthened despite the US escalation of its anti-China crackdown. The latest example is a Reuters report on Monday that said China's securities regulator has given the greenlight to the country's first mutual fund targeting top Chinese and South Korean chipmakers.

    By Global Times | 2022/10/11 23:13:32
  • GT Voice: OPEC+ output cut points to US loss of control over global oil market

    The Organization of the Petroleum Exporting Countries (OPEC) and its allies' choice to cut oil output was "unhelpful and unwise" for the global economy, US Treasury Secretary Janet Yellen told the Financial Times in an interview published on Sunday.

    By Global Times | 2022/10/10 21:11:50
  • GT Voice: Clash of interests in EU energy crisis portends decline of US hegemony

    With winter approaching, the question of how to curb Europe's soaring energy costs and set a price cap on gas imports to the region has been under the spotlight during a recent informal summit of EU leaders in Prague, an indication of the widening rift in terms of global gas prices between the US and the EU.

    By Global Times | 2022/10/9 22:41:13
  • GT Voice: UK's policy failure underscores urgency to cut reliance on US

    The IMF openly criticized the UK government's aggressive tax cuts and spending plans aimed at helping families and businesses handle the energy shock, warning that the measures are likely to increase inequality and add to pressures stocking inflation, the BBC reported on Wednesday.

    By Global Times | 2022/9/29 0:19:53
  • GT Voice: Indian billionaire's claims reflect ignorance of China

    Speaking at a conference in Singapore on Tuesday, Indian billionaire Gautam Adani claimed that China, the foremost champion of globalization, "will feel increasingly isolated" and would find "it hard to bounce back from a period of economic weakness," CNN reported on Tuesday.

    By Global Times | 2022/9/28 22:43:08
  • GT Voice: BRI shouldn't fall victim to Italy's current political atmosphere

    As Giorgia Meloni, leader of Brothers of Italy party, looks set to become Italy's first female prime minister at the head of its most right-wing government since World War II, how the new Italian government will handle its relations with China has drawn widespread public attention.

    By Global Times | 2022/9/27 22:09:25
  • GT Voice: Asia sees renewed opportunity in financial cooperation amid currency shocks

    There was a time when Asian economies made concerted efforts to promote regional financial cooperation in the wake of the 1997-98 Asian financial crisis, with the view of enhancing their ability to withstand outside financial risks. Now financial coordination is no longer the focus of regional economic development, but under the growing threat of the stronger US dollar, the intensifying wave of depreciation of Asian currencies seems to have offered a renewed opportunity for regional countries to once again facilitate financial cooperation.

    By Global Times | 2022/9/26 21:53:23
  • GT Voice: India's call for global debt relief laudable, West must step up too

    Indian External Affairs Minister Subrahmanyam Jaishankar said on Saturday that with India set to assume the presidency of the G20, the South Asian nation will work with other G20 member states to address serious issues of debt, food and energy security, Indian media outlets reported on Sunday.

    By Global Times | 2022/9/25 22:05:50
  • GT Voice: US politicians' push for their banks to alienate China will backfire

    Chief executives at some of the largest US banks came under pressure from US lawmakers to commit to taking a tougher stance on doing business with the Chinese mainland amid growing tensions over the Taiwan question, Reuters reported on Thursday.

    By Global Times | 2022/9/23 0:50:22
  • GT Voice: US about to make global debt crisis worse, it can't shift blame

    Brent Neiman, a counselor to US Treasury Secretary Janet Yellen, urged China to "take part in coordinated debt relief for vulnerable nations to avoid the specter of a systemic sovereign-debt crisis," Bloomberg reported on Wednesday.

    By Global Times | 2022/9/22 0:38:44
  • GT Voice: Japan's faltering economy can't afford to follow US decoupling

    Due to the Japanese yen's sharp depreciation, Japan's nominal GDP denominated in US dollar terms is likely to shrink significantly to below $4 trillion this year, falling back to a level last seen 30 years ago, the Nikkei reported on Monday.

    By Global Times | 2022/9/21 1:26:57
  • GT Voice: Economic friction to overshadow upcoming Biden-Yoon summit

    South Korean President Yoon Suk-yeol on Sunday kicked off a three-nation trip that will include his first address to the UN General Assembly and a summit with US President Joe Biden, according to the Yonhap News Agency.

    By Global Times | 2022/9/20 0:33:32
  • GT Voice: US' empty talks, selfishness not helping tackle global food insecurity

    The world is facing "a global emergency of unprecedented magnitude" as the number of people facing acute food insecurity worldwide has more than doubled to 345 million this year since 2019, said David Beasley, executive director of the UN World Food Programme, according to Al Jazeera.

    By Global Times | 2022/9/19 0:47:26
  • GT Voice: Narrowly averted rail strike another sign of US economic recession

    US President Joe Biden announced on Thursday morning (US time) that a tentative deal had been struck to avert a national rail strike that could have brought devastating chaos to the country's supply chains amid already-high inflation.

    By Global Times | 2022/9/15 23:11:42
  • GT Voice: Non-dollar settlement in energy trade will break US hegemony

    As the US Federal Reserve's monetary tightening policy is set to wreak havoc and cause shocks across the global economy, there is increasing urgency for China, Russia, and other economies to step up cooperation to break the US dollar's dominance in the energy market.

    By Global Times | 2022/9/14 22:34:04
  • GT Voice: Australia advised to take rational approach to China's supply chains

    US nongovernmental organization Human Rights Watch (HRW) on Tuesday called on the Australian government to impose targeted sanctions against China over the so-called human rights violations by banning imports of products made using "forced labor," said a report from the Chinese version of VOA.

    By Global Times | 2022/9/13 22:33:54
  • GT Voice: Will India, Pakistan grasp chance to improve economic ties at SCO?

    Indian Prime Minister Narendra Modi will attend the Shanghai Cooperation Organisation (SCO) summit held in Uzbekistan this week, the government said in a statement on Sunday.

    By Global Times | 2022/9/12 22:15:39
  • GT Voice: US SEC advised not to target Chinese firms after audit deal

    The US Securities and Exchange Commission (SEC) warned that American accounting firms need to be cautious about taking on New York-listed Chinese companies as new clients, Bloomberg reported on Wednesday. The SEC asked US firms to fully vet their clients before engaging them, the report said.

    By Global Times | 2022/9/7 23:58:35
  • GT Voice: Reviving trade should be part of Truss' plan to grow UK economy

    As the new prime minister of UK, Liz Truss inherits an economy in crisis, with inflation at a 40-year high. In her first speech as prime minister, Truss was quoted as saying that she will help the nation "ride out the storm" with a "bold plan" for the economy.

    By Global Times | 2022/9/7 22:20:05
  • GT Voice: OPEC+ makes mockery of West's intervention in global oil market

    The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, has agreed to cut 100,000 barrels a day from crude output from October, reverting to the supply level for August.

    By Global Times | 2022/9/6 22:57:10
  • GT Voice: VW CEO shows courage in rejecting political pressure on Xinjiang plant

    German carmaker Volkswagen(VW)'s new CEO Oliver Blume said he wants to keep the company's plant in Northwest China's Xinjiang region, AFP reported on Sunday. Blume further stressed that the company offers "secure, well-paid jobs" to the people of Xinjiang.

    By Global Times | 2022/9/5 23:08:29
  • GT Voice: US' long-arm jurisdiction on tech exports strangles EU multinationals

    The US Commerce Department said on Wednesday it has suspended the "export privileges" of a Belgian company and its owner for 180 days due to its alleged attempt to "send sensitive technology to China," Reuters reported.

    By Global Times | 2022/9/1 22:48:31
  • GT Voice: US governor's provocative trip to Taiwan region won't attract chip firms

    Doug Ducey, the governor of the US state of Arizona, arrived in China's Taiwan region on Tuesday for a "trade mission." Ducey is traveling with the head of the state's economic development agency, and the focus of their trip is to woo suppliers for the new $12 billion Taiwan Semiconductor Manufacturing Corp (TSMC) plant being built in the state, the Voice of America (VOA) reported.

    By Global Times | 2022/8/31 23:18:57
  • GT Voice: DPP's secessionism may menace TSMC's ambition for 3nm chips

    The CEO of Taiwan Semiconductor Manufacturing Company (TSMC) reiterated at a technology symposium on Tuesday that its ultra-advanced 3-nanometer chip production technology will be put into mass production "soon," Nikkei Asia reported. The comment came about one month after Samsung Electronics said it has succeeded in mass producing 3-nanometer chips, making the South Korean giant the first chipmaker in the world to reach the milestone.

    By Global Times | 2022/8/30 22:16:08
  • GT Voice: S.Korea's discontent at US' EV policy shows cracks in 'Chip 4'

    A South Korean delegation comprising officials from various government departments will leave for the US to pay a three-day visit, during which South Korea aims to express concerns over the US' so-called Inflation Reduction Act, a recently signed law that reportedly excludes electric vehicles (EVs) assembled outside North America from tax incentives, the Yonhap News Agency reported on Monday.

    By Global Times | 2022/8/29 21:54:19
  • GT Voice: US irresponsible monetary policy catalyst for de-dollarization push

    US Federal Reserve Chairman Jerome Powell delivered a stark message on Friday: The Fed will use its tools "forcefully" to deal with inflation that is still running near its highest level in more than 40 years, which means US interest rates will likely keep rising.

    By Global Times | 2022/8/28 21:47:36
  • GT Voice: DPP's secessionist gambits pose risks for global firms in Taiwan region

    A survey by the American Chamber of Commerce in Taiwan showed that some 77 percent of respondents said there hasn't been significant disruption to their business operations amid the current situation in the Taiwan Straits. However, 17 percent said they had experienced disruption that partly stemmed from "changes in policies or other manifestations of concern from their offshore headquarters."

    By Global Times | 2022/8/25 22:56:04
  • GT Voice: Ugly trade between separatist DPP and foreign politicians must stop

    In a meeting with Taiwan regional leader Tsai Ing-wen on Tuesday, Keiji Furuya, a Liberal Democratic Party lawmaker of Japan, whose trip to the island has prompted stern warnings from Chinese central authorities, expressed hope for Taiwan High Speed Rail Corp (THSRC) to purchase high-speed rail cars from Japan, according to media reports.

    By Global Times | 2022/8/24 23:44:25
  • GT Voice: Forced Huawei ban shows 'Global Britain' has become a US puppet

    UK media outlet the Sunday Times recently published an edited extract from a book written by British investigative journalist Richard Kerbaj, which revealed how the US essentially forced Britain to block Chinese tech giant Huawei from the latter's 5G network development.

    By Global Times | 2022/8/23 23:19:45
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