BIZ >> Expert assessment

The US should give China a fair hearing and pay attention to damage brought by tariffs

At the G20 summit in Japan, the planned meeting between Chinese President Xi Jinping and US President Donald Trump on the sidelines has received considerable attention. This high-profile meeting may revive trade talks that reached an impasse in May, pinning high hopes for maneuvering a trade truce that could stave off a fresh round of tariffs.
Source: Global Times | 2019/6/27 22:33:40

Second Russia-India-China meeting aimed at concrete trade cooperation measures

China confirmed on Monday that Chinese President Xi Jinping will attend an informal meeting with leaders from Russia and India on the sidelines of the upcoming G20 summit in Osaka, Japan. According to media reports, it was during the Shanghai Cooperation Organisation (SCO) summit in Kyrgyzstan's capital, Bishkek that Indian Prime Minister Narendra Modi pitched the idea of the second Russia-India-China meeting to Russian President Vladimir Putin. Given the three countries' respective trade tensions with the US recently, the trilateral meeting will undoubtedly attract high attention during the Osaka G20 summit.
Source: Global Times | 2019/6/26 21:53:40

G20 Osaka summit could be game changer if China, Japan explore BRI possibilities

It seems the days when Japanese brands were hotly favored in the Chinese market are gone. However, tangible signs still exist of strong trade and investment ties between the two East Asian economies.
Source: Global Times | 2019/6/25 21:08:18

China cannot be absent from the era of global digital currency competition

Last week, Facebook released an official white paper for its cryptocurrency project Libra, a blockchain-powered stablecoin expected to arrive in 2020.
Source: Global Times | 2019/6/24 20:58:40

US should not bring confrontation to 5G technology that requires connectivity

There is currently a heated discussion within the international media and governments around the globe regarding the 5G network.
Source: Global Times | 2019/6/23 22:33:47

Trade tensions on multiple fronts set the stage for US economic recession

While the US economy is about to break the longest economic expansion record in its history, recession forecasts have quickly made the headlines in recent days amid the continuing trade war and the weakening global economy.
Source: Global Times | 2019/6/20 20:38:40

NPL ratios of China's smaller banks significantly lower than those of their global peers

Recent moves by China's central bank to offer liquidity to smaller banks, notably the liquidity support for Inner Mongolia-based Baoshang Bank have brought focus on the nation's banking cleanup. Baoshang Bank has been taken over by regulators since May 24 owing to serious credit risks the city commercial lender poses.
Source: Global Times | 2019/6/19 20:53:40

US will lose its short-term advantage as the global oil market becomes unsteady

Two oil tankers were attacked in the Gulf of Oman last week. Global oil markets reacted with relative calm which saw oil prices dip for the day and then bounce back.
Source: Global Times | 2019/6/18 22:13:41

Beijing's response to escalating trade war needs to focus on long-term needs

Amid the escalating trade war, the US has not only imposed punitive tariffs on Chinese goods, but also implemented discriminatory policies against Chinese companies. In response, China has had to take some countermeasures and retaliate by increasing tariffs on US goods and compiling a list of unreliable entities that seriously undermine legitimate interests of Chinese companies. But in addition to these steps, what else should China do?
Source: Global Times | 2019/6/17 21:28:40

Washington needs to pay attention to Beijing's call to come back to the trade table

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 | 2019/6/16 20:58:40

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

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