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China can hold steady even as Indian growth sags

Global investors have sold $4.5 billion worth of Indian shares since June, the South China Morning Post (SCMP) reported, news that adds to the evidence that the Indian economy has begun to lose its luster.
Source: Global Times | 2019/9/19 22:13:41

China has contributed greatly to global prosperity

October 1 this year will mark the 70th anniversary of the founding of the People's Republic of China. In a matter of seven decades, China has evolved from a third-world country, devastated by two world wars, to an emerging power. It is a strong economy and a beacon of hope that is stabilizing global economic order, acting as a defender of a multipolar world, exercising its sovereign rights without external influences, and bringing about new institutions to spur economic growth.
Source: Global Times | 2019/9/19 20:28:40

Sony rejects Loeb's second breakup attempt but its activist defense is only semi-convincing

Sony's “Be Moved” slogan does not apply when an activist investor is applying pressure. The Japanese entertainment conglomerate on Tuesday rejected a proposal from Dan Loeb's Third Point to spin off its chips business and offload its financial unit. Its defense is only partly convincing.
Source: Global Times | 2019/9/19 18:43:41

Time for China to consider joining the CPTPP

Under the impact of anti-globalization trends like populism and trade protectionism, promoting regional economic integration has become an important path for countries to seek international cooperation. After the Regional Comprehensive Economic Partnership (RCEP) made substantive progress, it is now time for China to consider joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Source: Global Times | 2019/9/19 18:43:40

The 5G race is over, and US lost... 6G is next frontier

China's telecom giant Huawei has taken the lead over US companies in the race for 5G technology supremacy. The US, as a global superpower in the technology of the future, has lost the 5G battle.
Source: Global Times | 2019/9/18 21:43:46

China a ray of hope for developing countries

The world has passed through many models of governance, but during the last several decades the Western-style democratic model has been seen as ideal and is followed by many nations. Knowingly or unknowingly, people all around the world were impressed and attempted to copy it. Why was this? Simply, it was due to the West's economic prosperity, equality, justice and freedom of expression.
Source: Global Times | 2019/9/18 19:06:38

WeWork's valuation shrinks even further as IPO postponed until later this year

Adam Neumann is in a bind. The WeWork founder needs to raise at least $3 billion through an initial public offering (IPO) to unlock another $6 billion of bank credit. But The We Company has shelved its float due to weak demand from investors. Without the cash, growth will dip, potentially pushing the office-sharing startup's value even lower.
Source: Global Times | 2019/9/18 18:48:40

Saudi attack shows importance of oil reserves

Crude oil prices were on a roller coaster ride across global markets this week. The Saudi attack is the biggest knock to oil output to date, and immediately removed 5.7 million barrels per day (bpd) from the Middle Eastern country's oil production capacity – equivalent to over 5 percent of the world's daily supply. According to data from the US Energy Information Administration (EIA), Saudi Arabia produced 9.85 million bpd on average in August.
Source: Global Times | 2019/9/18 17:33:40

Speculators will fail spectacularly in attacks on HK stocks

Several days after George Soros wrote an op-ed piece in the Wall Street Journal saying his interest in defeating China “goes beyond US national interests,” some Chinese media outlets reported the billionaire financier attempted to short sell Hong Kong stocks recently when the market was hit hard by the city's ongoing riots.
Source: Global Times | 2019/9/17 20:25:48

China remains attractive to foreign capital

The China Development Forum Fall Summit was recently held in Beijing. Against the backdrop of China-US trade dispute upgrades, the forum brought together 60 representatives from the US side, including former US government officials, well-known scholars and industry leaders.
Source: Global Times | 2019/9/17 18:22:01

General Motors strike is at most a minor fender-bender rather than a car crash

The strike at General Motors' US plants should have very little staying power. That's not because members of the United Auto Workers don't have their hearts in it, or because the carmaker's executives have little at stake. It's simply because the two sides are far too close to a deal for it to be worth continuing for long.
Source: Global Times | 2019/9/17 17:38:40

Time for Trump to free global economy from shackles

Global markets from New York to Frankfort to Shanghai have rallied lately on growing signs of the trade war thawing, orchestrated by China and the US, the two predominant economic powers of the world.
Source: Global Times | 2019/9/17 17:33:40

Apple TV could be pilot for more dramatic moves, help CEO Cook with longer-term goal

Apple is known for the cleanness of its smartphone designs, yet its TV plans have until now been full of static. On September 10, the $970 billion company made things a tad clearer, by announcing that its new Apple TV+ package will be cheaper than rivals. That doesn't guarantee it will be a smash hit, but it's enough to get a bunch of people trying it out, which will help Chief Executive Tim Cook with a longer-term goal.
Source: Global Times | 2019/9/16 23:53:40

Troubles ahead for Big Oil as new climate change forecast might push for tougher laws

Big Oil's life is about to get tougher. One of the key stumbling blocks for investors trying to work out if a crude producer faces impending ruin is the lack of a reliable global warming base case to deploy when interacting with board members. That could be about to change.
Source: Global Times | 2019/9/16 21:19:38

HK doesn't need to be rescued, stands unchallenged

In an exclusive interview with Global Times reporter Li Qiaoyi (GT) on the sidelines of the Belt and Road Summit in Hong Kong on Thursday, Tse Kwok Leung (Tse), head of Policy and Economic Research at Bank of China (Hong Kong), gave an insight into the economic situation in Hong Kong since protests broke out in June. Tse served as an associate member of the Central Policy Unit of the Government of the Hong Kong Special Administrative Region (SAR) between February 2013 and February 2015.
Source: Global Times | 2019/9/16 21:03:39

China, US heightening influence on crude market

At a ministerial-level meeting in Abu Dhabi on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) and its oil-producing allies reaffirmed the compliance to the previous output reductions. OPEC+, a 14-nation cartel and a group of 10 allied countries, previously agreed to cut oil output by 1.2 million barrels per day (bpd) beginning early 2019.
Source: Global Times | 2019/9/16 19:43:40

Pre-order iPhone boom highlights China-US ties

Apple's new iPhones are experiencing a hot pre-order session in China. With the official order-taking beginning on Friday on Apple's official website and platforms like JD.com and Tmall in China, the first preliminary numbers are in.
Source: Global Times | 2019/9/15 21:28:39

Instability now normal in global economic relations

Many nations around the world stand shocked and amazed with the US administration. Since his inauguration nearly three years ago, US President Donald Trump has set a new tone that goes against many political and diplomatic norms.
Source: Global Times | 2019/9/15 18:43:39