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Western aid model takes on Chinese characteristics

Australia recently announced plans to set up a A$2 billion ($1.4 billion) infrastructure aid fund for South Pacific nations, which will provide grants and long-term loans to support energy, transport, water and telecommunications projects in the region.
Source: Global Times | 2018/11/15 22:58:15

Canada's attitude toward USMCA will be test case for its sincerity to promote free trade with China

Despite a clause in the US-Mexico-Canada Agreement (USMCA) that may restrict its signatories from signing certain trade deals with Beijing, free trade agreements between China and USMCA members are still possible.
Source: Global Times | 2018/11/15 22:55:03

Failure to push for equality led to decline of the West

Now that we are witnessing what looks like the historic decline of the West, it is worth asking what role economists might have played in the disasters of the past decade.
Source: Global Times | 2018/11/15 22:55:02

Forestry bond could offer insurance against increasingly disastrous effects of fires

Wall Street can help fight wildfires. California is being ravaged by the most deadly and destructive conflagration in its history. Last year such fires caused $18 billion in damage and consumed up to $180 billion of economic output, or 6.5 percent of GDP, in the Golden State, according to AccuWeather. A new financing tool can reduce fire risk and its impact on water, air and livelihoods.
Source: Global Times | 2018/11/15 22:53:40

Raising China's imports requires targeted long-term effort

The first China International Import Expo, held last week in Shanghai, attracted wide attention as the world's first import-themed national-level fair.
Source: Global Times | 2018/11/14 22:55:50

Beijing must act to offset smartphone sector's pain as post-iPhone era appears inevitable

Shares of Asian suppliers and some assemblers for Apple Inc have fallen recently on concerns that demand for the iPhone has peaked. Although it is still too early to say if Apple's run of miraculous growth has come to an end, it's probably time for the company's suppliers in China to think about what comes next.
Source: Global Times | 2018/11/14 22:55:49

Demographic dividend cannot guarantee India's rise

Without enough jobs, India's current demographic dividend may instead turn into a burden. People have been talking about India's rise since the end of the Cold War, and the country's economy has indeed grown quickly. India's GDP was $274 billion at the time of the 1991 economic reforms. By the end of 2017, the figure had grown to $2.59 trillion, making India's economy the world's sixth-largest, according to the latest figures from the World Bank. Many people are convinced that India will create a new human development miracle, specifically because India has a young population and a demographic advantage that will continue for more than a decade.
Source: Global Times | 2018/11/14 22:55:48

Marvel has built up superpowered profits but Disney support shows the need for partnership

Stan Lee, who has died at the age of 95, built an Incredible Hulk-sized box office legacy. Through Marvel, the comic-book creator helped whip up a brigade of characters – including the tetchy green giant among others – on which movie studios now depend for audiences. He also showed, inadvertently, that even superheroes need powerful friends.
Source: Global Times | 2018/11/14 22:55:47

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