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Cheap labor alone won't make India the next China

Which country will be the next China – India or Vietnam?
Source: Global Times | 2019/1/17 20:47:18

Netflix reaps the dividends of its dominance by bumping up domestic subscription fees

Nearly a decade ago, former Time Warner chief executive Jeff Bewkes derisively implied the video-streaming service would never take over the world. “The mouse that roared” is more like it.
Source: Global Times | 2019/1/17 16:03:40

China, Rwanda jointly bridging the trade imbalance

The trade between China and Rwanda has shown a strong uptrend throughout 2018, with the two countries' trade surging by more than 40 percent year-on-year in the first 11 months last year. One of the stimuli behind the trade boost is the online cooperation between the two countries, with Rwanda signing an Electronic World Trade Platform (eWTP) agreement with Alibaba and selling some of its coffee products on Tmall platform to Chinese customers. A Rwanda government delegation also visited the headquarters of Alibaba recently to learn about how China established its own digital mechanism from scratch. The Global Times reporter Xie Jun (GT) recently interviewed Lt. Gen. Charles Kayonga (Charles), Rwanda Ambassador to China, during the aforementioned tour and heard his opinion on how Rwanda has ramped up efforts to build its own online ecosystem and what can Chinese companies contribute and gain from that trend.
Source: Global Times | 2019/1/17 15:53:40

More taxes for China's super rich will narrow income gap

Will the world's trust industry become a major beneficiary of China's newly reformed tax regime, as the country's super rich rack their brains over ways to evade taxes?
Source: Global Times | 2019/1/16 20:23:40

China-Africa relations continue to develop supported by investment into the continent

Chinese State Councilor and Foreign Minister Wang Yi paid an official visit to Ethiopia, the African Union Headquarters, Burkina Faso, Gambia and Senegal from January 2 to 6, which was his first diplomatic trip of 2019. As a diplomatic tradition, the Chinese foreign minister has visited Africa first each year, for the past 29 consecutive years.
Source: Global Times | 2019/1/16 18:43:40

AB InBev's $70 billion valuation in Asia too high for investors with increasingly fierce competition

Anheuser-Busch InBev executives who hope for a $70 billion valuation for their Asia business really deserve to have their breath tested. The Belgian brewer is considering an IPO for part of the unit, Reuters reported on Friday. The region is a fast-growing jewel in AB InBev's crown, but it faces stiff competition in China, and has struggled in India and Southeast Asia. That makes the suggested price tag really tough to swallow.
Source: Global Times | 2019/1/16 15:42:44

Sound derivatives market an imperative for A shares

There is a growing consensus of opinion that greater efforts are needed to usher in more foreign institutional investors to revive sentiment in China's A-share market, one of 2018's worst performers across global markets.
Source: Global Times | 2019/1/16 15:38:40

Vietnam's SOE reform merits closer look by Chinese investors

As China's labor cost advantage shrinks considerably, some Chinese manufacturers are increasingly interested in setting up assembly lines in Vietnam. Chinese companies are in the midst of a boom in outbound investment, and some are turning their focus from the US and Europe to Southeast Asia amid trade tensions between Beijing and Washington.
Source: Global Times | 2019/1/15 20:37:14

Reasons for the Great Depression in 1929 do not apply to today's economy in China

Since the US economy plunged by 50 percent during the Great Depression from 1930 to 1933, such a point of view implies that the Chinese economy may also face the risk of a Great Depression. Yet, taking a look at the US economic history, we will find that the seemingly reasonable analogy doesn't hold water.
Source: Global Times | 2019/1/15 20:33:40

Trump needs to ignore China hawks and make trade talks a success

The latest round of trade talks between Chinese and US mid-level officials in Beijing obviously laid a good foundation for the world's two largest economies to clinch a deal after the world has witnessed, wearily, a 10-month long tariffs war that is causing increasing pain for both economies.
Source: Global Times | 2019/1/15 19:41:18

US brick-and-mortar retailers need innovation and change to calm investors' jitters

Investors aren't giving US retailers an inch. Macy's shares fell by nearly a fifth on Thursday after weak December sales prompted it to cut forecasts. Target and Kohl's also felt the downdraft despite more upbeat numbers. Online disruption and the decline of old stalwarts Sears and J.C. Penney have made investors justifiably jittery.
Source: Global Times | 2019/1/15 17:58:40

China's tech firms won't give up on overseas markets

As the world enters the 5G era, Chinese companies have vigorously invested overseas. However, China's telecommunication equipment manufacturing industry and related industry sectors are increasingly facing enormous pressures from the US-led Western countries. From the ZTE case to the arrest of Huawei's chief financial officer, several countries have now frequently suggested banning Chinese 5G equipment from their network infrastructure. Those messages have raised eyebrows within China. But what attitude should we adopt in this situation?
Source: Global Times | 2019/1/15 17:53:40

Why Chinese central bank will not make stock, exchange-trade funds purchase

The rumor has it that the People's Bank of China (PBC), China's central bank, may have been considering purchasing stock or ETFs directly from the market. We believe it's neither reasonable nor viable to do so.
Source: Global Times | 2019/1/14 20:23:40

US trade gap with China reflects market distortions

How serious would US inflation be with a full-blown trade war? The record US trade deficit with China may offer some clues.
Source: Global Times | 2019/1/14 20:23:39

R&D investment underscores Huawei's success

Since the December 1 arrest, in Vancouver, of its chief financial officer Meng Wanzhou, Shenzhen-based multinational conglomerate Huawei Technologies Co has indisputably become the most high-profile Chinese company by which to measure the nation's technological pride amid the unprecedented trade tensions with the US.
Source: Global Times | 2019/1/14 14:45:20

Hitachi getting cold feet on Wylfa power project will place UK nuclear at crossroads

Japanese cold feet are about to land Britain's energy policy in hot water. Hitachi could next week halt its involvement in the Wylfa nuclear power project in Wales, Nikkei reported on January 11. UK government wants nuclear reactors to increase their share of domestic power generation from around a quarter to a third by 2035, that's a sizeable headache.
Source: Global Times | 2019/1/14 14:42:00

Financial liberalization crucial step in opening-up

As China pledges to further open its economy to foreign companies and investment, the financial market is expected to be a top priority.
Source: Global Times | 2019/1/13 20:53:39

All-out efforts urgently needed to crack down on healthcare market irregularities

The scandal surrounding Chinese healthcare products maker Quanjian continued to grow as police in North China's Tianjin detained 18 suspects, including the controller of the company, on January 7, with two other suspects released on bail pending trial.
Source: Global Times | 2019/1/13 20:33:41