LATEST INSIGHTS
Your Present Location: LATEST INSIGHTS-
US’ unilateral sanctions on Chinese oil trading firm ‘illegal’: experts
US Secretary of State Mike Pompeo said Monday (US time) that the US is imposing economic sanctions on a Chinese state-owned oil trading company Zhuhai Zhenrong Co and its top executive for purchasing Iranian oil, which has violated the recent US sanctions on Iranian oil exports.
2019-07-24 -
China’s STAR market sets off active trading as ample capital pours in
The first trading hours on China's new Science and Technology Innovation Board (STAR) set off with great volatility and active trading on Monday morning, as capital quickly poured into the new board that supports homegrown technology start-ups in China. As of 11:30 am, the close of the morning session, all 25 STAR companies, which range from lithium battery material makers to machine vision intelligent manufacturing companies and biotech firms, have doubled their share prices.
2019-07-24 -
Scholars criticize US' hostility for China
Countering China has been counterproductive for the United States and hurt global development, according to Chinese scholars, who called for more rational dialogue and cooperation between the two nations. The seminar, Development of China and the World, was hosted on Monday by Renmin University of China. It invited experts and scholars in economy and trade, international relations and military issues to discuss a recent open letter written by a retired US veteran, with 130 others listed as co-signatories.
2019-07-24 -
Zhang Jingwei: Lifting Huawei ban can remove pressure on US firms, show goodwill to Beijing
To unblock Huawei, the US has to drop it from the blacklist and completely remove the ban. This will build mutual trust between the two countries. Starting from mutual trust, the two sides can negotiate a deal faster to the benefit of firms in both countries.
2019-07-23 -
Chen Chenchen: RCEP mirrors free trade aspiration from emerging world
A new round of negotiations on the Regional Comprehensive Economic Partnership (RCEP) kicks off in northeast China's coastal city of Dalian this week. The RCEP aims at lowering trade costs among Asian countries to facilitate the construction of a mega free trade network. The significance of the RCEP directly lies in its scope - covering a half of global population and a quarter of global GDP - it would shape the world's largest free trade bloc if successfully achieved.
2019-07-23 -
Hua Chunying’s appointment as director-general of FM’s information department hailed by public
On Monday, Hua Chunying took over poat from Lu Kang as head of the Foreign Ministry's information department. Hua's soft and graceful manner while taking a tough stance on issues reflects China's modern diplomacy which entails making sincere friends and standing firm on matters of principle.
2019-07-23 -
China-US tension to ease temporarily
Ongoing trade tension between China and the US is likely to ease in the near future, but some volatility in the bilateral relationship may remain, and Beijing's resistance to external pressure has far exceeded US expectations. Even though bilateral disputes are likely to moderate temporarily, China still needs new solutions and measures to firmly stick to its development path centered on reform and opening-up.
2019-07-23 -
Investors stay cautious on China's sci-tech board as investment values are murky
China's much-anticipated stock trading board for high-tech startups is off to a bounding start, as capital floods the new board with rising public anticipation for returns.
2019-07-22 -
Rethinking the international monetary system
In 1944, the Bretton Woods system was established to replace the gold standard with the U.S. dollar as the global currency. The system ended in 1971 when President Nixon broke the gold peg, but the U.S. dollar remains dominant among global currencies. Over the last 75 years, how has the world changed?
2019-07-22 -
Green routes to high-quality development
Clean energy, environmentally friendly technology, green infrastructure, planet-preserving finance... sustainable economic development on a global scale is achievable with sustained efforts, sharp focus, visionary policy and imaginative project implementation－that's the takeaway for umpteen businesses participating in, and benefiting from, China-led Belt and Road Initiative, experts said.
2019-07-22 -
HK remains finance hub despite riots
Social unrest in Hong Kong is weighing on business sentiment and local capital market, which faces a bumpy road after several companies dropped or delayed their IPO plans. However, the special administrative region (SAR), as a global financial hub and the freest market, is expected to remain competitive under the policy of "one country, two systems," business representatives said.
2019-07-19 -
Liu Ying: China's economic growth remains stable
China's GDP expanded 6.3% year-on-year in the first half of 2019, according to the data released by the National Bureau of Statistics (NBS) on Monday.
2019-07-19 -
China weighs more balanced approach to growth in H2
China is mulling a balanced approach that would help keep economic growth at a stable range in the second half of the year, while avoiding opening the floodgates of stimulus that would raise debt and create more risks, after economic growth in the first half showed stabilizing signs but also highlighted persistent downward pressure.
2019-07-18 -
Ding Gang: Stability of Gulf countries comes from within
Dubai's opening-up is behind the Emirate's prosperity, but long-lasting prosperity depends on enduring stability. Any visitor who stands on the 828-meter-tall Burj Khalifa - the tallest building in the world - and looks at the Strait of Hormuz is immediately forced to reckon the threats to the Gulf region's stability.
2019-07-18 -
Li urges steps to stabilize growth, jobs
Premier Li Keqiang has underlined the importance of fostering new growth engines and expanding effective investment to stabilize economic growth and the job market.
2019-07-18 -
Yu Yongding: Trade war ceasefire does not set our mind at ease
This article was translated and edited from a speech by Professor Yu Yongding, an academician with the Chinese Academy of Social Sciences, at Chongyang Institute for Financial Studies, Renmin University of China, on June 26, 2019.
2019-07-16 -
BRI will be a great learning experience for China
China's Belt and Road Initiative (BRI) has been subjected to a great deal of criticism and controversy from the very start. However, there are generally two types of criticism concerning the BRI - one largely driven by suspicions towards anything Chinese, and the other more constructive and intended to help improve practices involving BRI projects.
2019-07-15 -
Christine Lagarde 'qualified' to head ECB
Despite having no experience in central banking, the incoming head of the European Central Bank Christine Lagarde is a good choice for Europe and is qualified for the job, Chinese analysts said.
2019-07-15 -
Ding Gang: Prosperity rides on better connectivity
An old Chinese proverb goes, "Frequent shifts make a tree dead but a person prosperous." "Shifts" here are used to convey a sense of movement. How can people move from one place to another? It needs road, rail, air and water connectivity - an implication of multimodal transport. One of the objectives of the China-proposed Belt and Road Initiative (BRI) is connectivity - making people, funds and resources flow.
2019-07-15 -
Liu Zhiqin: China’s coordinative development economics powers up economy, global governance
With coordinative measures, China has pushed for progress and the evolution of history. Following the coordinative principle, the country has dealt with many historical issues and built up a foundation for modernization.
2019-07-12
京公网安备 11010802037854号
