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BIZ >> Expert assessment

US needs to heed China's call to return to trade talks

If the Trump administration continues its condescending attitude toward China while refusing to take Beijing as an equal negotiating partner and to make long-overdue compromises on China's legitimate requests, chances remain slim for the two heavyweight economies to reach a trade deal in the coming month or two.
Source: Global Times | 2019/6/14 18:46:29

Risk looms in Southeast Asian economies amid industrial transfer from trade war

Due to China's dwindling demographic dividend, rising production costs, and environmental protection pressure, many Chinese and foreign-invested companies in recent years have relocated their Chinese factories to Southeast Asia, where labor costs are lower. The intensified US-China trade frictions and deteriorating global trade environment have driven even more companies to move to Southeast Asian countries. However, the business environment in Southeast Asia is not as good as imagined, and industrial transfer doesn't mean that China has lost its competitiveness in the world manufacturing sector.
Source: Global Times | 2019/6/13 21:03:40

Trade war could be opportunity for India to cut trade deficit with China

The 19th summit of the Shanghai Cooperation Organisation (SCO) is scheduled to be held in Bishkek, capital of Kyrgyzstan, Thursday and Friday. Against the backdrop of the trade war with the US, it is of great importance for China to enhance cooperation within the SCO framework and to strengthen ties with the member states, especially in the economy and trade.
Source: Global Times | 2019/6/12 21:03:41

African free trade zone creates new opportunities for Chinese companies

On May 30, the African Continental Free Trade Agreement (AfCFTA) came into effect among 52 of the African Union member states. So far, 23 countries, including South Africa, Egypt, Ghana, Ethiopia, and Kenya, have ratified the agreement. An African free trade zone will greatly enhance Africa's economic growth potential and accelerate its economic restructuring process.
Source: Global Times | 2019/6/11 20:43:41

Innovation shouldn't be used as a pretext for pursuing subsidies, financing

China's hydrogen fuel cell industry has undergone rapid development since the mentioning of hydrogenation facilities in this year's government work report, attracting investment from more and more companies and local governments. While there are companies with real R&D and innovation capabilities among them, there are also companies that aim to gain government support through fiscal subsidies and financing under the guise of innovation. Authorities should be vigilant about this.
Source: Global Times | 2019/6/10 20:18:41

Innovation shouldn't be pretext for pursuing subsidies, financing

China's hydrogen fuel cell industry has undergone rapid development since the mentioning of hydrogenation facilities in this year's government work report, attracting investment from more and more companies and local governments. While there are companies with real R&D and innovation capabilities among them, there are also companies that aim to gain government support through fiscal subsidies and financing under the guise of innovation. Authorities should be vigilant about this.
Source: Global Times | 2019/6/8 15:01:40

US may escalate trade war in six ways

All parties suffer during the trade war, a game of “killing 1,000 enemies while losing 800 of our own.” Many institutions have forecast the impact of increased tariffs on China's economic growth to be around 1 percentage point. While there is no need to panic, we should also prepare for worst-case scenarios.
Source: Global Times | 2019/6/5 20:23:40

China's logistics services need to follow its manufacturing to expand overseas

US logistics giant FedEx, one of the world's top delivery brands, has surprisingly – and repeatedly – mishandled Huawei's packages. Regardless of whether there were any long-armed instructions behind the scenes, the incident should serve as an alarm bell to global companies about the safety of international delivery services.
Source: Global Times | 2019/6/4 20:08:40

China's growth miracle over past three decades underlines strategic choice at critical moment

The Chinese economy has experienced a period of unprecedentedly rapid growth over the past three decades. China's GDP skyrocketed to 90 trillion yuan ($13.25 trillion) in 2018 from 1.72 trillion yuan 30 years ago, with an amazing average annual growth rate of about 9 percent. The 30-year period also saw remarkable improvement in Chinese people's living standards, with the per capita disposable income of urban residents soaring from 1,374 yuan to 39,251 yuan.
Source: Global Times | 2019/6/3 19:58:39

China's unreliable entity list serves as a strike back against the 'American Trap'

The Ministry of Commerce announced on Friday that China will create an “unreliable entity list” to include foreign entities and individuals that block or cut supplies to Chinese companies, take discriminatory measures for non-commercial reasons or whose actions endanger the business of Chinese companies and China's national security.
Source: Global Times | 2019/6/2 19:18:40

Belt & Road Initiative helps China counter US bullying

The world has been witnessing the difficulty in the US to tame a roaring and increasingly destructive force in the White House.
Source: Globa Times | 2019/6/2 0:24:25

China contributes to global AI governance

Artificial intelligence (AI) has become one of the hottest phrases, both in China and elsewhere. The increasing applications for AI will bring profound changes to the development of human society. As such, AI governance has also become a hot issue.
Source: Global Times | 2019/5/30 21:14:04

Fed's unpredictably 'Trumpish' monetary policy brings uncertainty to global market

Despite the calls for lower interest rates, US Federal Reserve Chairman Jerome Powell recently indicated that the Fed will remain cautious and keep rates steady for some time. It seems it has become more difficult for the market to predict the future economic situation and monetary policy. The Fed appears to be more and more “Trumpish” in setting monetary policy. Just like US President Trump, the central bank has become unpredictable, succumbing to political and capital market pressure due to its weakening role as an independent decision-maker over monetary policy.
Source: Global Times | 2019/5/29 20:38:41

China needs to prepare for a protracted trade war by learning from WTO negotiations

With its political, economic and financial hegemony, the US has initiated the trade war to change the international order and the global governance system.
Source: Global Times | 2019/5/28 22:03:40

Chinese economy will sail through storms as transformation and upgrades keep it vigorous

Every individual Chinese person shares a fate with the country, just as every drop of water flows in motion with the sea. Yiwu, in East China's Zhejiang Province, is one of the areas of the private economy that has grown the most. From vendors bartering door to door to a small commodities wholesale market selling buttons and rubber bands, it has grown into a hub for emerging industries such as design, equipment manufacturing and digital industries.
Source: Global Times | 2019/5/27 22:08:39

US needs to stop strangling Huawei and its advanced 5G

Ever since we entered the new century, mankind has benefited greatly from the internet and broadband. Sea changes are taking place in the way of our jobs, our learning, our interaction and our entertainment, thanks to the speed of invincible but ubiquitous internet linkages powered by the previous 2G and 3G, now 4G, and the impending and much faster 5G.
Source: Global Times | 2019/5/26 21:59:53

US needs to stop strangling Huawei and its advanced 5G

Ever since we entered the new century, mankind has benefited greatly from the internet and broadband. Sea changes are taking place in the way of our jobs, our learning, our interaction and our entertainment, thanks to the speed of invincible but ubiquitous internet linkages powered by the previous 2G and 3G, now 4G, and the impending and much faster 5G.
Source: Global Times | 2019/5/24 21:47:05

Trade trends show China should take the opportunity to diversify its market

The China-US trade row has been drawing a lot of attention. A detailed review of the bilateral trade situation between China and the US from January through April is a good reference for the future trend.
Source: Global Times | 2019/5/23 22:40:37

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