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Landmark B&R agreement powers Moroccan dream

The landmark signing of a bilateral memorandum of understanding on the Belt and Road (B&R) initiative will bring the shared future of both countries into a new era.
Source: Global Times | 2017/11/23 22:53:39

Increasing travel can be ‘glue’ that binds Chinese, Cambodian people closer together

Tourism is a core industry for Cambodia’s economy, which is expected to expand 6.8 percent this year. With the tourism boom, Chinese investment is likely to inject new momentum for economic growth and help the Cambodian people at a time when the country faces a complicated internal and external environment. China and Cambodia also have broad potential for cooperation in such areas as infrastructure, finance and energy. There is a high level of mutual trust between Beijing and Phnom Penh, ensuring that bilateral economic cooperation can develop free from any outside interference.
Source: Global Times | 2017/11/23 22:48:40

CPTPP members hope to make light of US withdrawal

The fate of the Trans-Pacific Partnership (TPP), which was promoted as a high-standard treaty for the 21st century by former US president Barack Obama, is still uncertain. A heavy blow came in January when new US President Donald Trump announced the exit of the US from the TPP. But on November 11, the TPP’s 11 remaining members jointly issued a statement announcing that a fundamental consensus had been reached on the new agreement and that the name would be changed to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Source: Global Times | 2017/11/23 22:33:39

Trump administration sending out mixed signals as mega media merger is blocked

President Donald Trump’s administration is scrambling media signals. The Department of Justice (DOJ) on Monday sued to block AT&T’s merger with Time Warner over concerns the two will use content to stiff rivals. But another agency intends to scrap rules that force Internet providers to treat online traffic equally.
Source: Global Times | 2017/11/23 22:28:39

New opportunities for China from Russia-ASEAN ties

At the ASEAN Summit in the Philippines earlier this month, Russian Prime Minister Dmitry Medvedev said that cooperation between Russia and members of the Association of Southeast Asian Nations (ASEAN) has great potential.
Source: Global Times | 2017/11/22 23:18:39

India needn’t be overly sensitive to Tibet’s plan to develop hydropower resources

China has recently dammed a river in Southwest China’s Tibet Autonomous Region for the construction of the Suwalong hydropower station, the first hydropower project investment that will push forward a plan to “transfer Tibet’s electricity out.”
Source: Global Times | 2017/11/22 23:13:39

US should boost exports to China, not limit imports

China and the US signed business deals valued at $250 billion during US President Donald Trump’s China visit, but there is still a long way to go to address the imbalance in Sino-US trade. Thus, it’s necessary to explore the structural potential of the Sino-US economic and trade relationship.
Source: Global Times | 2017/11/22 21:18:39

BYD should focus more on battery production to avoid losing ground to rivals

BYD’s stock almost doubled this year as China accelerated its electric vehicle drive. Chairman Wang Chuanfu is targeting revenue of $1 trillion by around 2025. Yet earnings at the Warren Buffett-backed carmaker are flagging, and the road looks crowded with rivals. To outpace them, BYD could return to its roots.
Source: Global Times | 2017/11/22 21:13:39

US tax cuts may test Chinese firms’ competitiveness

The US House of Representatives on Thursday passed a tax reform bill, a milestone piece of legislation that would mark the most significant change in the US tax system since 1986.
Source: Global Times | 2017/11/21 22:33:39

Critics overlook economic benefits to Africa of China’s support base in Djibouti

The Chinese People’s Liberation Army’s support base in Djibouti has once again sparked concern over Beijing’s military buildup, and the state visit of Djibouti President Ismail Omar Guelleh to China, starting from Wednesday, is adding fuel to the discussion.
Source: Global Times | 2017/11/21 22:33:39

China’s growing ties with Panama not aimed at US

Panama’s geographical position as a trade transit and logistics hub gives it a certain global prominence. And following a series of economic deals sealed during the first official visit to China by Panama’s President Juan Carlos Varela, Beijing’s role in reshaping the two countries’ economic ties has also drawn the attention of the outside world.
Source: Global Times | 2017/11/21 22:13:40

Alibaba purchase of big Suning stake suggests grocers can see writing on the wall

Alibaba’s latest deal suggests grocery stores are queuing up to check out. The e-commerce goliath agreed to buy 36 percent of Chinese supermarket operator Sun Art Retail for $2.9 billion. To land the stake at a massive discount implies brick-and-mortar store owners see the writing on the wall.
Source: Global Times | 2017/11/21 22:13:39

Early delivery of RCEP could increase demand for new port facilities in Asia-Pacific

As Southeast Asian countries engage in fierce competition for investment in port construction, issues such as excessive infrastructure construction deserve attention.
Source: Global Times | 2017/11/20 22:18:40

Free trade ports require more systematic reform

Since free trade ports will provide special policies, which will mean more investment and development, many regions of China are actively seeking to be the locations of free trade ports. Shanghai, the first region in China to open a free trade zone, has taken the initiative.
Source: Global Times | 2017/11/20 22:18:40

Financial opening will require regulatory progress

The announcement signals a new chapter for the country’s financial markets. It is anticipated that as the pledge is being implemented, China’s financial markets will draw in massive amounts of international capital. However, it’s worth stressing that this opening of the financial market will also bring challenges for China’s financial regulators.
Source: Global Times | 2017/11/20 21:53:39

Northern Ireland an increasingly intractable problem as Brexit wrangles continue

Northern Ireland has become Brexit’s Gordian knot. Avoiding a hard border in the region is an aim of all sides in the negotiations over Britain’s withdrawal from the EU. The least-worst fix is for Europe to treat Northern Ireland the way it does Norway. That’s only possible if pro-UK politicians in Belfast can be made to see the economic necessity.
Source: Global Times | 2017/11/20 21:48:40

Shift in US aid to Africa signals emphasis on politics

The US House of Representatives held a hearing on appropriations for US aid to Africa in October. The Donald Trump administration requested $5.2 billion for Africa in fiscal 2018, which would be close to 35 percent less than in 2015. Of the total, $3.7 billion, or 70 percent, will be allocated to 10 countries in line with US strategic interests including Kenya and Nigeria.
Source: Global Times | 2017/11/19 22:43:40

China-Europe cargo trains can build links along regional markets, promote B&R

As more cargo trains link China and Europe, more efforts are needed to transform the transcontinental cargo trail into a new platform for Europe’s commodities to reach the world along the modern Silk Road.
Source: Global Times | 2017/11/19 22:38:40