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Rise of retail industry in India can draw on experience of China consumer sector

India has replaced China as the top retail investment destination, the Hindustan Times reported recently, citing AT Kearney partner Subhendu Roy. This is not necessarily a bad thing, if the growth of the retail sector in India can be the glue that increases the closeness of Sino-Indian relations.
Source: Global Times | 2017/9/21 22:23:39

Japan-India cooperation requires objective view

India and Japan are getting closer. Japanese Prime Minister Shinzo Abe recently paid a visit to the Indian industrial city of Ahmedabad, where he attended the groundbreaking ceremony for the high-speed railway that will link the city to Mumbai.
Source: Global Times | 2017/9/21 21:23:39

Deal with Tata Steel a vital step for ThyssenKrupp but further restructuring needed

ThyssenKrupp Chief Executive Heinrich Hiesinger is finally getting real on steel. More than two centuries after Friedrich Krupp started making cast steel in Germany’s Ruhr region, the industrial group is backing out of the industry. The historic joint venture with Indian rival Tata Steel unshackles it from a fickle, capital-intensive business, which for years has been struggling to earn its cost of capital. It can pay ThyssenKrupp dividends on four levels.
Source: Global Times | 2017/9/21 18:43:39

Chinese enterprises must be vigilant in Africa

Africa has been called “the coup kingdom.” Although there has been less chaos since the cold war ended, there have been coups in some countries in recent years. Some have seen a fairly rapid return to stability, such as Guinea Bissau. But in terms of doing business in such areas, stability cannot be derived from temporary lulls in hostility, and full preparations are needed before making investments.
Source: Global Times | 2017/9/21 18:43:39

Karot Hydropower Project could generate wide range of benefits for China, India and Pakistan

China is racing to complete the Karot Hydropower Project in Pakistan-occupied Kashmir (POK) ahead of schedule, Bloomberg News reported recently. China is likely to maintain its neutral stance on the India-Pakistan dispute over Kashmir, but this will not interfere with China’s efforts to increase its economic presence in the region, in a bid to ensure more local people could benefit from the China-Pakistan Economic Corridor (CPEC).
Source: Global Times | 2017/9/20 22:38:40

Respect for local ways key to success in Africa

In Africa, it’s very dangerous if a person or a company is not familiar with the local situation, does not respect local customs and is oblivious to the risks. Because national conditions vary widely among African countries, learning to “do in Rome as the Romans do” is very important.
Source: Global Times | 2017/9/20 22:38:40

World needs engineers to solve modern problems

The world is about to undergo a transport renaissance as countries attempt to tackle rising populations, increased congestion and urban living. Unless we find quicker and smarter ways of getting from A to B the world’s transport systems simply won’t cope. Cities around the world face challenges that can only be solved by investing in new technology and backing people with the engineering skills to create it.
Source: Global Times | 2017/9/20 18:58:39

AI is the big driver of SoftBank’s Uber move but deal would be expensive and risky

Artificial intelligence is the backseat driver of SoftBank’s move on Uber. Masayoshi Son’s tech and telecoms group is close to investing $10 billion in the US ride-hailing giant, the Wall Street Journal says. That reflects the Japanese maverick’s belief in the disruptive power of self-driving cars.
Source: Global Times | 2017/9/20 18:53:39

Foreign competition can help Chinese financial institutions expand, develop

The People’s Bank of China (PBC), the nation’s central bank, “is drafting a package of reforms that would give foreign investors greater access to the nation’s financial services industry,” Bloomberg reported recently. We cannot rule out the possibility that domestic institutions may take a hit from increasingly intense competition from foreign investors, but this is perhaps an inevitable phase of the sector’s growth and development.
Source: Global Times | 2017/9/19 21:48:39

In Northeast China, it's not the numbers but the trend that matters

The economic revival of Northeast China has been a frequent topic of public concern in recent years. Following an abrupt slowdown of GDP growth in 2014, it is justifiable that some are still dubious about the absolute value of the economic data from the three provinces in the region (Liaoning, Jilin and Heilongjiang), and some are even skeptical about positive data.
Source: Global Times | 2017/9/19 21:13:39

More unicorns are emerging, perhaps too many

It may be too early to get nervous about frothy bubbles in China’s Internet sector, but the country’s remarkable rise to global fame in terms of churning out unicorns does merit attention.
Source: Global Times | 2017/9/19 18:38:39

Chinese drug firms making bigger impact in promising domestic, global markets

China’s drug companies could provide a boost to Big Pharma. This week’s New York IPO of Shanghai-based Zai Lab highlights a new breed of innovative Eastern drug makers specializing in treatments made from living cells known as biologics. They are eyeing a slice of the $1 trillion-plus global medicine market.
Source: Global Times | 2017/9/19 18:33:40

Virtual currency trading requires flexible approach

Virtual currency trading, notably fundraising through initial coin offerings (ICOs), has been hit this month by a powerful regulatory storm in China. However, some industry watchers have argued that the authorities should allow for flexibility when it comes to blockchain innovation.
Source: Global Times | 2017/9/18 21:58:39

Paying for foreign technology talent will yield breakthroughs, benefits for China

“I have no regrets, even if my former colleagues call me a traitor,” an engineer who used to work at Japanese electronics company NEC Corp before joining an unidentified Chinese semiconductor maker told Japan’s Sankei newspaper recently.
Source: Global Times | 2017/9/18 21:53:40

Online grocer may struggle to meet IPO funding target, with losses set to continue

An online grocer’s flotation may struggle to pique investor appetites. Food giant COFCO wants to raise up to $600 million in Hong Kong by floating its supermarket website, IFR reported on August 26. Ordering fresh food online is hot, with sales in China on track to top $36 billion by next year, according to iResearch estimates. But the group is loss-making and battling it out with rivals in a price war.
Source: Global Times | 2017/9/18 18:43:39

Indian economy won’t surpass China’s in short term

With India’s economy having been growing fast in recent years, many Indian people and some among the international media are confident that the Indian economy will soon catch up with that of China. There are two main economic indicators that support this view.
Source: Global Times | 2017/9/18 18:43:39

China must promote green growth in B&R initiative

China has made considerable progress in fostering green industrial development in a number of cities along the route of the Belt and Road (B&R) initiative, testifying to the country’s commitment to green growth and laying the groundwork for greening the B&R initiative.
Source: Global Times | 2017/9/17 21:19:57

Macron proposal for eurozone budget poses problems but other options exist

The campaign for a eurozone budget is a distraction. French President Emmanuel Macron is among those pushing for a fund, financed by taxpayers, to help counter economic shocks. But comments from European Commission chief Jean-Claude Juncker showed the idea is a stretch. Other less dramatic – and less expensive – reforms might achieve the same result.
Source: Global Times | 2017/9/17 21:13:40