SOURCE >> Expert assessment

Fed focuses on short term, disregards long-term effects

The US Federal Reserve (Fed) on Sunday announced an interest rate cut and quantitative easing (QE) program, which shocked global markets.
Source: Global Times | 2020/3/17 22:23:11

US COVID-19 emergency plan not too late

US President Donald Trump recently declared a national emergency in response to the novel coronavirus (COVID-19) during a White House press conference. The widely expected move to prevent the spread of the virus in the country invoked powers granted under the Stafford Act to allow substantially increased federal aid to states and local governments.
Source: Global Times | 2020/3/17 0:23:40

China's 6 pct growth goal for 2020 remains the same

Since the outbreak of the novel coronavirus (COVID-19), media have expressed concern over the Chinese economy. COVID-19 may impact the domestic economy, but its fundamentals will remain unchanged. The engines that drive the domestic economy are just as powerful before the outbreak. The country will not have a problem achieving a 6 percent GDP growth in 2020.
Source: Globaltimes.cn | 2020/3/16 1:14:29

Opening floodgates does not solve China's economic problems

The spread of the novel coronavirus pneumonia (COVID-19) has created a chain of panic worldwide, and the global market has felt the shock. Last week, the US stock market experienced one of its darkest moments since 2008. The Chinese economy has also been damaged due to the COVID-19. The Chinese government has issued a series of measures to help small and medium-sized enterprises revive and develop. These moves focused on short-term economic relief, but nothing like China's large-scale stimulus package in 2008.
Source: Global Times | 2020/3/1 21:23:33

Consumption rebound certain but efforts need to increase tenfold

The ongoing novel coronavirus pneumonia (COVID-19) epidemic has had a great impact on China's economy. In these circumstances, in order to accomplish this year's social economic goal and increase income for Chinese people, a strong rebound is needed for the Chinese economy.
Source: Global Times | 2020/2/26 15:36:09

China won't hold drug materials supply hostage against Washington

There has been some noise on social media over the possibility of China hammering the US by not selling it raw materials for the manufacturing of drugs. Such discussions are pointless. China will not interrupt its drug-related exports. Nor should other countries around the world do so.
Source: Global Times | 2020/2/25 21:23:41

Policies must address challenges of restarting factories

If appropriate policies are in place, the novel coronavirus pneumonia (COVID-19) impact on economic growth will be controllable. China's economic growth would be between 5.3 percent and 5.9 percent in 2020, depending on when the outbreak ends.
Source: Global Times | 2020/2/24 22:55:27

China should consider 4% fiscal deficit target to cushion virus impact

To cushion the economic impact of the coronavirus epidemic and maintain relatively fast growth in 2020, China should pursue more aggressive fiscal policies coupled with more relaxed monetary policies. The country should consider proposing an annual fiscal deficit target of 4 percent of the gross domestic product (GDP) and increasing its infrastructure investments.
Source: Global Times | 2020/2/21 16:07:41

Virus to move China up global healthcare supply chain

Combating novel coronavirus pneumonia (COVID-19) could trigger an earth-shaking change in the world's healthcare industry supply chain. China is set to expand its supply chain in the healthcare industry.
Source: Global Times | 2020/2/20 22:48:40

Flu outbreak reveals US' true colors

While people in China and around the world are actively cooperating to combat the novel coronavirus pneumonia (COVID-19) outbreak, some US politicians and media are making accusations against China, questioning the effectiveness of its response to the epidemic. However, the US sees frequent outbursts of influenza, and its government not only reacts with extremely low efficiency but also remains silent. The contrast has revealed a US double standard.
Source: Global Times | 2020/2/19 13:19:11

China to manage reasonable growth despite virus

China is unlikely to change its economic targets and aims keep growing within a reasonable range this year. The country's macro policy direction for the year is unlikely to change either, despite a potentially delayed national "two sessions" amid the fight against novel coronavirus pneumonia (COVID-19).
Source: Global Times | 2020/2/18 19:58:40

US politicians aim to turn COVID-19 combat into political war against China 'vicious'

Some US politicians, including Rick Scott, are trying to turn a public health disaster that nations should face together into a political war against China.
Source: Global Times - AFP | 2020/2/16 23:38:40

US' WHO funding cut plan amid epidemic exposes lack of responsibility

Just as the world is combating the novel coronavirus pneumonia (COVID-19), Ebola and locust plague in Africa, the US government seeks to halve its funding for the World Health Organization (WHO). It's selfish and indifferent moves once again clearly exposes a severe lack of international responsibility.
Source: Global Times | 2020/2/16 14:02:33

Economic turning point to appear in March despite coronavirus

The sudden shock of the novel coronavirus pneumonia (COVID-19) has put great impact on the Chinese economy. Many have worried, or even doubt if China can accomplish its economic goal this year. I believe as long as companies resume production and projects are carried out while containing the spread of the virus, the Chinese economy will see recovery soon. The economic turning point will come at the end of March.
Source: Global Times | 2020/2/16 12:56:01

China's Q1 GDP won't drop below 5% despite coronavirus

Although the novel coronavirus will cause a drop in China's first quarter economic growth, the impact can be controlled, with the GDP growth rate expected to stay above 5 percent in the first quarter of 2020. The country's economic growth rate is likely to remain robust at 6 percent for the year.
Source: Global Times | 2020/2/4 0:07:41

Contingency plan needed for BRI amid epidemic

As fears of the novel coronavirus (2019-nCoV) are putting China's overseas investment and engineering projects under great pressure and uncertainties, efforts from both home and abroad are essential to strengthen cooperation and communication to pull through these difficult times.
Source: Global Times | 2020/2/2 22:18:40

Long-term tech rivalry expected despite phase one deal

Despite the signing of the phase one trade deal, US pressure on Chinese technology companies including Huawei has not lifted. The US Commerce Department sent regulations to the Office of Management and Budget that would restrict US companies' sales to Huawei from their overseas facilities, according to a Wall Street Journal report citing people familiar with the matter.
Source: Global Times | 2020/1/22 22:31:55

Can China copy 'iPhone model' with Tesla?

At the beginning of 2020, co-founder and CEO of Tesla Elon Musk received two gifts: Tesla stocks hit record prices and the company gained the ability to raise low-interest-rate funds. Both gifts were "made in China" benefits.
Source: Global Times | 2020/1/21 20:29:54

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