BIZ >> Expert assessment

Cooperation between China, Pacific island nations in line with globalization trend

The US and Australia have been promoting the news that a Chinese company inked an agreement with the Solomon Islands to build an economic development zone in the latter's Tulagi Island. Such normal bilateral cooperation has, once again, been used to demonize Chinese investment and the mutually beneficial relations between China and South Pacific island nations.
Source: Global Times | 2019/10/22 21:28:40

US sanctions Chinese vessels: A different method of blockade and power play

Last month, the US Department of the Treasury announced the COSCO Shipping Tanker (Dalian) Company and COSCO Shipping Tanker (Dalian) Seaman and Ship Management Company met the requirements for new sanctions under Executive Order 13846, which reimposed sanctions with respect to Iran.
Source: Global Times | 2019/10/21 22:48:40

China knows its place despite surpassing US in number of millionaires

China still has long way to go to catch up with the US in terms of wealth, though it seems that the China-US trade dispute and a looming global slowdown did not stop China from manufacturing millionaires.
Source: Global Times | 2019/10/21 22:31:18

China needs to diversify agricultural imports, provide investors with opportunity

Though the inflation of food prices hasn't happened, Western media has hyped it up. China's food security and agricultural products trade does draw attention against the backdrop of China-US protracted trade war. And recounts of poverty alleviation achievement and opening-up in the agricultural market around World Food Day indicate more opportunities in Chinese agricultural industry.
Source: Global Times | 2019/10/20 18:43:40

US makes Solomon Islands new battlefield of 21st Century over Chinese investment

The news that a Chinese company has inked an agreement to lease Tulagi, a small island in the Solomon Islands that has a deep water harbor, apparently set the teeth of some “China threat” advocates from the US on edge.
Source: Global Times | 2019/10/17 22:02:53

Solving RCEP differences and trade paves road for new China-India relations

The “Chennai Connect” continues the spirit of Wuhan in taking forward exclusive bilateral discussions between Chinese and Indian leaders. The latest meeting appears to have signaled a new direction in trade and economic relations between the two countries. If it is indeed so, then the meeting might also mark the beginning of a new phase in Sino-Indian relations.
Source: Global Times | 2019/10/17 21:08:40

'Made in Hong Kong' a blood relative of mainland manufacturing

An attempt to push for “Made in Hong Kong” can be a way to carve out hope for a city whose economy has been battered by months-long protests. But the manufacturing overhaul can't come at the cost of delinking Hong Kong from the mainland in the factory sector. Nor can Hong Kong survive without support from the mainland.
Source: Global Times | 2019/10/17 18:58:41

China will not play favorites between India and Pakistan over terror financing decision

How many shades of gray fits India's fantasy? It seems that India makes too much fuss about whether Pakistan will be moved to the “dark gray” list from the “gray” list of the Financial Action Task Force (FATF) while China is presiding over the Paris-based terrorist financing watchdog. India should view the upcoming FATF decision with more rationality and China's role should not be overestimated in this case. Fundamentally, eradicating terrorism needs the joint efforts of both India and Pakistan.
Source: Global Times | 2019/10/16 20:43:40

Macao yuan exchange development right path to serve itself and nation's overall strategy

The proposed Macao stock exchange has attracted worldwide attention. It should be guided by the basic principle of “take full advantage of Macao and serve China's overall strategy,” a vital component of the Greater Bay Area (GBA) and the country's multi-level capital market.
Source: Global Times | 2019/10/15 19:53:40

Sulli's death highlights cruelty of South Korean K-pop industry

South Korean K-pop star Sulli's death on Monday by suspected suicide highlights mental health pressures, a dark byproduct of an industry worth $4.7 billion.
Source: Global Times | 2019/10/15 16:33:40

US firms should be concerned with business competitiveness rather than politics

Apple CEO Tim Cook on Friday defended the company's decision to remove HKmap.live, an app that could be used to help rioters, saying that it could be “used maliciously to target individual officers for violence.” Google on the same day removed a role-playing game related to the protests from its Play Store, as it violated the Store's policies and profited from the ongoing conflict.
Source: Global Times | 2019/10/14 21:23:40

Global poverty solved thanks to China, not 2019 Nobel economics laureates

Maybe it's time to abolish the absurd Nobel Prize for economics. Monday's announcement of this year's Nobel economics laureates points to the absurdity of the prize that technically isn't really a Nobel.
Source: Global Times | 2019/10/14 21:16:02

Chinese consumer market not running out of steam

Is it true that Chinese economy is running of steam when it is undergoing a pivotal transition toward being consumption-driven? Definitely not, though it was warned by the New York Times in a recent article which argued the nation's spenders are saving along with a slowing economy.
Source: Global Times | 2019/10/14 14:28:39

Africa embraces changes, focus on infrastructure necessary with Chinese support

As we come close to the start of a new decade in a new era of industrialization based on a digital economy, artificial intelligence (AI), robotics and bringing economies closer through an integrated hard and cyber infrastructure, Africa's future depends on how well it is prepared to embrace the changes, shifting its economic policies toward e-commerce, absorbing new technologies, and linking its local markets to the global one.
Source: Global Times | 2019/10/13 22:08:40

India needs Chinese support to seize manufacturing relocation opportunities

Why are manufacturers still showing little enthusiasm for India, five years after the Make in India initiative was launched? The seed of a viable solution to this situation may lie in the upcoming meeting between Chinese and Indian leaders in the coastal city of Chennai.
Source: Global Times | 2019/10/10 21:48:40

Reliance on NEV subsidies creates bubble, and domestic carmakers should abstain

An expo on new-energy vehicle (NEV) automatic technologies, scheduled for the end of the month in Shanghai, has reportedly been postponed until August 2020, citing a change of plans by some participating companies due to industry sluggishness.
Source: Global Times | 2019/10/10 18:56:45

Beijing needs to be prepared for European Union's major industrial policy shift

EU industrial policy is undergoing a major shift. The bloc believes that it needs to strengthen government intervention to reinforce its dominance in industrial development, against the background of increasingly fierce market competition. After the shift, the EU's industrial policy will become a crucial weapon in the tech competition among major powers.
Source: Global Times | 2019/10/9 21:33:40

Foreign firms eyeing Chinese market prove forced technology transfer claims don't hold up

Huawei, the Chinese privately held technology star, launched the Mate 30 series in September, the bombshell smartphones with “fifth-generation” (5G) technology after being blacklisted by the US Commerce Department.
Source: Global Times | 2019/10/8 21:33:41

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