Tag «INSIDER’S EYE»

US status as net exporter of oil reminds China of energy disadvantage US status as net oil exporter reminds China of energy disadvantage

Illustration: Luo Xuan/GT While China’s imports of crude oil continue to set new records, the US has made a major shift, becoming a net exporter of crude and petroleum products for a full month for the first time in 70 years. The comparison highlights the urgency for China to accelerate adjustment to its energy strategy. …

CBOT wheat up sharply, soybeans slump in holiday-shortened week

A combine harvester collects soybeans in the village of Khorol, Russia File photo: VCG Chicago Board of Trade (CBOT) wheat futures gained double digits over export sales, while soybeans continued the downturn due to trade uncertainty in a Thanksgiving-shortened trading week. The most active wheat contract for March delivery rose 23 cents to close at …

China, US to cut phase one deal soon

Illustration: Xia Qing/GT China and the US can definitely reach a “phase one” trade deal. I’m confident and optimistic about this. If the bilateral trade talks make good headway and make progress quickly, the two sides can expect to reach a trade deal before the coming Chinese New Year at the end of January, 2020.  …

Will the US or China lead global scientific innovation?

Pablo Jarillo-Herrero Photo: Li Qiaoyi/GT Editor’s Note: The physics world was last year stirred up by the findings of a research team at the Massachusetts Institute of Technology (MIT), which recorded the superconductivity of magic-angle twisted sheets of graphene at 1.7 kelvin (-271.45 C). China has made a hefty commitment to the super-material of strategic …

How do Chinese and Indian stock markets compare?

Illustration: Luo Xuan/GT The Indian stock market is older than China’s and is more inclusive, market-oriented and internationalized. However, it took China just three decades to attain the development that the Indian stock market gained over more than a century. As China’s stock market continues to expedite its opening-up process, foreign investment institutions are expected …

EU should react to green light for public investment

Illustration: Luo Xuan/GT The eurozone faces immense economic challenges. Germany and the Netherlands, which together account for 35 percent of the monetary union’s GDP and have ample fiscal space, should take the lead in tackling them. The biggest looming challenge – and not just for the eurozone – is the escalating climate crisis, which demands …