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Lancang-Mekong FTZ can spur regional growth amid pressure of US trade protectionism

As Sino-US trade tension intensifies, there has been talk that China plans to set up a free trade zone (FTZ) on the border between Thailand and Laos.
Source: Global Times | 2018/11/13 22:08:39

China, Azerbaijan to embrace closer trade ties under CIIE platform

In recent years, economic ties between China and Azerbaijan have become ever-closer with both trade and investment growing fast. Located in the South Caucasus region of Eurasia at the crossroads of Eastern Europe and Western Asia, Azerbaijan also occupies an important geographical position on the route of the Belt and Road initiative (BRI). However, despite growing economic interactions, Chinese people's understanding of Azerbaijan is still limited, which constitutes a barrier to closer communications. It is anticipated that China's reform and opening-up, notably through the China International Import Expo (CIIE) platform, can provide an opportunity for Azerbaijan to boost trade with China.
Source: Global Times | 2018/11/13 21:58:39

China's pension system needs capital market integration

For China's aging population to be dealt with in an effective manner, comprehensive efforts to improve the country's eldercare system will be required, and the US' experience with eldercare financing is worthy of attention.
Source: Global Times | 2018/11/13 19:53:39

Individual investors may be wary of SoftBank mobile IPO after Japan Post debacle

SoftBank's mobile phone unit could be worth around $70 billion when it floats, according to Bloomberg. Selling more than a third of the stock would make its IPO the biggest on record. That valuation could be too aggressive, though, according to Breakingviews calculations. With a heavy focus on retail investors, it's ordinary Japanese who will need to be persuaded to pay up.
Source: Global Times | 2018/11/13 19:48:40

Progress driven by CPEC will lift Pakistan's living standards, prove media critics wrong

Pakistani Prime Minister Imran Khan has reportedly expressed a strong desire to start a mega poverty alleviation campaign soon, even as the South Asian country struggles with financial difficulties.
Source: Global Times | 2018/11/12 22:03:39

Double 11 shows rising clout of China's consumers

“The biggest shopping day on the planet has started with a bang,” CNN said at 00:52 am Beijing Time on Sunday. In one hour and 47 minutes and 26 seconds, Tmall, the online retail marketplace under Chinese e-commerce giant Alibaba, saw its sales surpass 100 billion yuan ($14.38 billion), setting a new record for the tenth Double 11 shopping festival. Another record worthy of note is that more than 19,000 overseas brands from 75 countries and regions participated in the shopping bonanza, making the Double 11 a shopping carnival for both Chinese consumers and global businesses.
Source: Global Times | 2018/11/12 21:33:39

China's entrepreneurial ecosystem offers valuable lessons for India

When Uber entered China in 2013, it had little idea of what it was going to face in the next few years. DiDi, China's homegrown ride-hailing start-up, initially had neither the exposure to global markets nor the technological expertise to give Uber a hard fight. Fast forward to 2018, however, and we can see that DiDi has pushed Uber out of the Chinese market and now holds about 80 percent of China's ride-sharing market. It has also started deploying cutting-edge technologies to help several other countries in easing their urban traffic congestion. The rise of DiDi is broadly reflective of the rise of Chinese start-ups and the ecosystem that supports entrepreneurship in the country.
Source: Global Times | 2018/11/12 20:08:40

Shareholders understandably confused as SoftBank investments get blurry at edges

SoftBank's many investments can be hard to see clearly. The nearly $100 billion Vision Fund, backed by Saudi Arabia's Public Investment Fund, held 38 stakes at the end of September. Some of the biggest and best-known weren't among them. Following these deals creates a blur.
Source: Global Times | 2018/11/12 20:08:39

China's reform experience aids developing economies

This year is the 40th anniversary of China's reform and opening-up. When this process started in late 1978, China was one of the poorest countries in the world. From that low starting point, China has achieved an average 9.5 percent annual GDP growth rate. No any other country or region in human history has kept up such a high speed of economic growth for such a long time.
Source: Global Times | 2018/11/11 22:03:39

China's opening-up needs to include more steps to welcome foreign workers, entrepreneurs

There was plenty of talk about consumption growth in China on Sunday as the country celebrated the Singles' Day shopping festival, but less attention has been paid to young foreign entrepreneurs who are attracted by the burgeoning market to start businesses in China.
Source: Global Times | 2018/11/11 21:58:39

WTO reform deemed both imperative and beneficial

Over the past 20 years, the WTO has played a critical role in the economic development of nations all over the world, and has been the primary impetus for economic globalization. However, for more than a decade now, the development of the WTO has stagnated due to irreconcilable differences between developed and developing countries. This can be seen in the demise of the Doha Round of talks.
Source: Global Times | 2018/11/11 19:03:40

New Tesla chairman will have to show tough streak in order to rein in Elon Musk

Elon Musk is finally getting his adult supervision. Robyn Denholm, finance chief at Australian telecom operator Telstra, will move from her boardroom seat at Tesla to the head of the table – and oversee the $60 billion electric-car maker's erratic chief executive full-time. She will have to get tougher, though.
Source: Global Times | 2018/11/11 19:03:39

Beijing must focus on itself amid trade row with US

The US-China trade war will be a protracted war, and there are no signs of a slowdown or end. There are at least three reasons for that. First, the aggressive attitude of US President Donald Trump regarding China will not change in the short run. Current policies dealing with China are not formed by Trump himself.
Source: Global Times | 2018/11/8 23:33:40

Trump's policy starts to backfire on American consumers, companies operating in China

US President Donald Trump may think a trade war will force manufacturers to move their production chains away from China. But in fact, his attempt will only come back to bite the US.
Source: Global Times | 2018/11/8 23:28:41

China-EU financial ties could throw off US hegemony

Sticking to the “America first” policy, the administration of US President Donald Trump has been using its military and financial advantages to create trouble for China and its European allies in trade and even national sovereignty.
Source: Global Times | 2018/11/8 23:28:40

Qualtrics has fundamentals to deserve backing, despite its dodgy stock structure

Cloud-software firm Qualtrics deserves an equivocal “yes” from shareholders. The company wants a valuation of more than $4 billion in its upcoming initial public offering. It's a stronger company than recently listed rival SurveyMonkey. But its undemocratic, double-barreled supervoting stock should give investors pause.
Source: Global Times | 2018/11/8 23:23:40

Better funding mix to help clear misreading of China engagement in Africa

The government of Sierra Leone recently announced the cancellation of the China-funded Mamamah International Airport project, citing “uneconomic” construction as the reason. Some Western media took this opportunity to smear China-Africa development cooperation, saying that the Sierra Leone incident set a precedent that may allow more African countries to reexamine their cooperation with China.
Source: Global Times | 2018/11/7 22:33:40

Foxconn's difficulty in hiring skilled staff in Wisconsin indicates US' loss in protracted trade tension

Although Taiwan-based electronics manufacturer Foxconn denied media reports saying it is considering bringing Chinese workers to staff its plant in the US state of Wisconsin, it seems the manufacturer still has trouble recruiting enough skilled workers from the local labor market, as it said it will supplement recruitment from other US locations as required. To a certain extent, this situation highlights the difficulty in bringing manufacturing back to the US.
Source: Global Times | 2018/11/7 22:08:41