SOURCE >> Expert assessment

India unable to attain industrial upgrade within 5-10 years

Echoing the US' attempt to decouple from China, India has recently sought confrontation with China in economic fields. Luring industrial relocations from China is one of its major purposes. But India will be unable to fulfill "the lofty goal" for at least five to 10 years due to its insufficient capabilities.
Source: Global Times | 2020/7/14 21:45:15

UK's rejection of Huawei to draw countermeasures: ex-official

London's decision to ban Chinese technology giant Huawei Technologies Co from its 5G networks violates free-market principles. Although the UK can find other excuses for the move, it's easy to see the decision came under pressure from the US.
Source: Global Times | 2020/7/14 21:26:27

Business model upgrade crucial for new jobs in H2

With continuously prudent efforts to contain the novel coronavirus and reboot the world's second-largest economy, China's economic growth in the second quarter, to be announced this week, has seen increasingly favorable signs, and is expected to be a highlight in the world amid the pandemic.
Source: Global Times | 2020/7/13 18:51:43

India shouldn't use China as excuse for renewed RCEP rejection

New Delhi reportedly "won't review" its decision not to join the Regional Comprehensive Economic Partnership (RCEP). Top official sources were quoted as saying New Delhi won't join any trade agreement where China is a member, especially after the COVID-19 pandemic and the border stand-off with China.
Source: Global Times | 2020/7/11 8:46:56

China's autonomous fishing moratorium a milestone for global ocean governance

China recently started a three-month fishing moratorium on parts of the high seas in the southwest Atlantic and east Pacific. For fishery activities on the high seas without governance of international organizations, it was an innovative measure and the first state action to implement a fishing moratorium and promote protection of fish stocks.
Source: Global Times | 2020/7/10 0:13:40

Independent view of Huawei crucial for European interests

The news that German telecoms carrier Deutsche Telekom's ties with Huawei have seen an attitude reversal reveals the Chinese 5G frontrunner remains in troubled water in Europe despite its technological and product advancements.
Source: Global Times | 2020/7/9 20:07:14

UK economy can't afford rejection of Chinese firms over HK

Having originally said it would give Huawei a "limited role" in the construction of its 5G network, the UK is now looking to phase the Chinese telecoms giant out of its plans entirely, giving rise to concerns that will it choose to turn against more Chinese companies for unknown political reasons.
Source: Global Times | 2020/7/8 21:39:52

India-US trade slump shows decoupling with China impractical

India has seen a drastic slump in trade with the US after months of lockdown due to the COVID-19 pandemic. With both countries speeding along the path to higher numbers of infections, bilateral trade - as well as India's fragile economy - may continue to endure grim prospects.
Source: Global Times | 2020/7/7 23:43:27

HSBC investing in China driven by interests, not politics

For commercial institutions, the initial determiner of an investment plan is the growth potential and development prospect of a market or industry which could maximize profits in the future.
Source: Global Times | 2020/7/6 22:26:45

Has Europe been naive about its foreign policy toward China for 40 years?

Certain European politicians and scholars have been repeatedly using the word “naive” to describe Europe's foreign policies toward China, defining China as a “systemic rival” and claiming that the EU's naive era is over. Such a notion also reveals a trace of helplessness, self-pity and even frustration over its ignorance, with the words between the lines reading Europe's judgment on China has been wrong.
Source: Global Times | 2020/7/5 18:21:31

How EVFTA will impact China-Vietnam industrial chain?

Vietnam's National Assembly recently ratified the European Union Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA). What substantive changes will these two agreements have on both sides? Will some Vietnamese people' plan to get rid of Vietnam's economic dependence on China become a reality?
Source: Global Times | 2020/7/2 19:13:23

China may further loosen monetary policy to bolster growth

In its first three weeks of open market operations in June, the People's Bank of China (PBC), the country's central bank, has been taking liquidity away from the market. Keeping the benchmark lending rate unchanged, the central bank's monetary "tightening" has upset market expectations of further easing. Investors are concerned that the overall monetary policy in the second half of the year may continue to tighten.
Source: Global Times | 2020/7/2 17:46:42

Indian app ban won't affect Chinese tech

India recently banned 59 Chinese apps, further pushing its economic nationalism. Western media reports said that the move may obstruct China's high-tech development, which is quite far-fetched and absurd. The measure won't cast a shadow on the Chinese high-tech sector, nor bring any serious damage to Chinese firms on the list.
Source: Global Times | 2020/7/2 10:25:36

Economic decoupling possible if India doesn't calm down

Following the recent deadly border clash, India's overheating nationalism against China has spilled over into economic fields. There is a rising risk of a significant economic decoupling between the two nations if India continues to damage bilateral relations or intentionally causes more border conflicts.
Source: Global Times | 2020/7/1 16:57:37

Using SWIFT settlements to threaten China will backfire

As bilateral tensions continue to elevate, the US has been taking up various measures to contain China. Russian media recently reported that the US may even roll out extreme financial blockades to hamstring China and Russia, which could mean excluding the two countries from the US dollar denominated international payment network or SWIFT, a drastic move that will bring huge destruction to the international financial system.
Source: Global Times | 2020/6/30 20:35:10

India's Chinese app ban will hurt Indian IT workers and escalate tensions

The recent stand-off between China and India has made headlines around the world, especially since it turned ugly and resulted in unfortunate casualties on both sides. Although calm minds from both should have dominated the waves to de-escalate the situation, we saw a very different trend fueled by a segment of the Indian media. A nationalistic hype is being generated by the mainstream media which has the potential to transform into a nationalistic frenzy. Though unfortunate events occurred at the border, the situation must not be turned into an opportunity for warmongers.
Source: Global Times | 2020/6/30 18:09:14

Indian nationalism may sink trade with China over 30%

India's recently accelerating nationalism toward China has spilled to economic areas. That, coupled with the fallout of the deadly COVID-19 pandemic, could cause bilateral trade to plunge more than 30 percent this year.
Source: Global Times | 2020/6/29 20:54:17

What factors are holding back economic growth of India?

Major global credit rating agencies Fitch Ratings, S&P Global Ratings and Moody's have all trimmed their sovereign ratings for India to the lowest investment grade. S&P expects the Indian economy to shrink by 5 percent in the current fiscal year. Even as COVID-19 rampages across the country, India has ended its nationwide lockdown, severely troubling its economy.
Source: Global Times | 2020/6/29 17:32:30