Category «Comment»

Trump can’t force China to yield on trade like Mexico

  Illustration: Luo Xuan/GT China is not Mexico. It’s impossible that the US can strike a trade deal with China by forcing Beijing to make big compromises, as the US did to Mexico when it came to the US-Mexico-Canada Agreement (USMCA). US President Donald Trump on Tuesday retweeted a post from US Representative Mike Kelly, …

China’s economy to face 6 key challenges

Illustration: Luo Xuan/GT The Chinese economy continues to slow down as it faces multiple pressures in 2019, but it is also showing resilience with the support of a complex set of stabilizing policies. Economic growth has remained in a rational and controllable range this year. 2020 will be a crucial year for China to secure …

Chinese firms in Africa must raise image

Illustration: Luo Xuan/GT As China-Africa economic and trade cooperation increases alongside the Belt and Road Initiative, more Chinese companies are eager to jump into the African market, hoping to expand their market share and development space. Data shows that more than 3,000 Chinese companies are currently doing business in Africa, and their employees and projects …

China does not need to rely on the US to ensure domestic pork supply

Xinhua/Zhan Yan Could US agricultural imports curb inflation in China? Probably not. China’s shortage of pigs is a fact, which means the country’s pork imports will expand further. But Brazil, instead of the US, is likely to become the biggest beneficiary of China’s pork import expansion. The spike of November’s consumer inflation was mainly attributed …

Should China maintain 6% growth?

Illustration: Luo Xuan/GT Editor’s Note: An article calling to prevent economic growth from sliding below 6 percent has sparked debate among Chinese economists. The piece was published by Yu Yongding, an academician and senior fellow of the Chinese Academy of Social Sciences. With a gloomy world economic landscape and uncertainties brought about by the China-US …

Maintaining 6% should not be China’s goal in 2020: expert

Illustration: Xia Qing/GT Shen Jianguang, chief economist of JD Finance  Maintaining growth at 6 percent should not be China’s goal in 2020. The country has already adopted some stimulus measures, but the results have been insignificant. Policymakers have paid great attention to maintaining stable economic growth amid the current economic downturn, and have been utilizing …