Category «GT Voice»

China’s status as developing country undeniable

A sign of the WTO on its headquarters in Geneva Photo: VCG China’s Ambassador to the WTO Zhang Xiangchen made an excellent point in dismissing the latest US proposal regarding developing-country status at the fifth General Council meeting this year held on Monday and Tuesday.  Assuming that there are one or two billionaires in Antigua …

Asia’s 2020 outlook depends on China, India

Photo: IC Is the Indian economy heading for a hard landing? The answer to the question, to some extent, will determine the trend of the broad Asian economy in the coming year. China, India and Japan together generate a considerable part of Asia’s economic activity. Although Japan’s economy expanded in the third quarter at a …

Declining US-China trade trend hard to reverse

Photo:Xinhua It has been 18 months since the US began imposing 25 percent tariffs on the first tranche of Chinese goods, and bilateral trade between the world’s two largest economies is still sliding. The General Administration of Customs showed that China’s trade with the US fell 11.1 percent year-on-year to 3.4 trillion yuan ($483 billion) …

US jobs figure doesn’t give good picture of trade war impact

John Boyd Jr. speaks during an interview in Baskerville, Virginia, the United States, on May 15, 2019. John Boyd Jr., a fourth-generation farmer in the U.S. state of Virginia, has only planted about one fourth of his soybean crop so far this year.(Photo: Xinhua) Investors are closely watching the US non-farm payrolls report for November …

China needs to be prepared for US financial sanctions

The logo of China’s tech giant Huawei. Photo: Xinhua It seems that Huawei faces an endless list of tests, with the latest media report suggesting that the Trump administration may go further to place the Chinese technology giant on its Specially Designated Nationals (SDN) list, restraining its access to the US financial system. If this …

Will China accept sub-6% GDP growth?

College graduates engage in a professional skill competition on harvesting machines in farms outside Suzhou, East China’s Jiangsu Province. China aims to develop 1 billion mu (67 million hectares) of high-standard farmland by 2022 with a reliable grain production capacity of 500 billion kilograms annually. Photo: VCG Some economists forecast China’s economic growth may fall …

Hardships ahead amid India’s privatization drive

Indian Prime Minister Narendra Modi Photo: Xinhua The Modi government deserves some credit for attempting to push ahead with its largest privatization program in more than a decade. The sale of majority stakes in India’s state companies is said to be part of its reform effort, with the aim of raising funds to reduce the …

Unfounded concerns over Chinese control may risk real good for Philippine people

Photo:Xinhua Some Philippine senators may appear to be concerned about the security of their national energy grid after an internal report revealed that the Chinese government has the “full capability to disrupt national power systems.” In fact, they are only spoiling the atmosphere for developing the Philippines’ much-needed infrastructure project, harming the overall interests of …

Banning pension investment in China hurts US retirees Banning pension funds in China hurts US retirees

An individual investor follows the stock market at a bourse in Nanjing, East China’s Jiangsu Province, on Monday. The Shanghai Composite Index rose 5.6 percent, while trading volumes on the Shanghai and Shenzhen bourses surpassed 1 trillion yuan ($150 billion) on Monday. Photo: VCG By seeking a legislative ban on investment in China, hardliners in …