Category «Comment»

How will China’s economy withstand US tariff war?

File photo: VCG How will China withstand the impact of US tariffs and the trade war? A look at the Chinese economy may offer some clues. The Chinese economy is nearing a key moment in its modern history as the entire country sprints toward achieving the first centennial goal of building a moderately prosperous society …

Electric car market contest will be fierce, but clean

Illustration: Xia Qing/GT Electric vehicles are environmentally friendly, and now are gradually moving from the periphery of the auto industry to be broadly accepted by Chinese consumers. Whether EVs will outshine internal combustion cars and be a mainstream force on China’s roads remains elusive.  Sales of new energy cars have been flat to date in …

Moncler offers costly fix for Kering’s Gucci habit

File photo: VCG Moncler offers a costly cure for Kering’s Gucci addiction. The French fashion conglomerate may be considering a bid for the 11 billion euro ($12 billion) luxury outwear company run by Remo Ruffini. That would reduce its dependence on its largest brand, but extracting value would be hard. Coming on the heels of …

China to upgrade services sector further amid trade war China to upgrade services sector as economy transforms

Illustration: Luo Xuan/GT Pressure from the China-US trade war will not stop China from changing its industrial structure. Instead, it will only motivate the country to upgrade its services sector in preparation for the forthcoming expansion of consumption. Over the years, the Chinese economy has witnessed a surge in the services sector. Data from the …

China should promote high-tech exports

Illustration: Luo Xuan/GT Should China again call to “make every endeavor to promote exports?” The answer is most certainly yes. Based on current and upcoming domestic and global economic conditions, it’s necessary for China to re-emphasize exports, particularly for its high-tech industries. As the world is expected to enter a long low-growth period given the …

Cheese war will deal its heaviest blow to prudent tax reform

A cheese maker cuts a piece of cheese during the week-long South African Cheese Festival which kicked off Friday in Stellenbosch near Cape Town, South Africa, on April 27, 2018. (Xinhua/Amando Herdade) Roquefort producers are just one casualty in the brewing Franco-US cheese war of 2020. The conflagration’s abiding and potentially more economically damaging effect …

Wealth distribution critical to US economy

Illustration: Luo xuan/GT The US economy is performing steadily. The country’s production remains solid – especially in the technology sector – fortunes are gathering and asset prices are expected to continue rising. However, the real challenge facing the US economy today is wealth distribution. As the debt levels of all classes continue to mount, more …