BUSINESS >> Comments

US view of trade with Africa offers opening for China

In March, the US announced the termination of Rwanda's zero-tariff treatment under the African Growth and Opportunity Act (AGOA) for 60 days, until Rwanda lowers tariff barriers to used clothing imports from the US.
Source: Global Times | 2018/4/24 22:48:39

China, EU embrace open economies to fight against impact of protectionism

Why do Chinese investors prefer Europe to North America? In 2017, Chinese investment in North America fell 35 percent to $30 billion, while investment in Europe rose 76 percent to $81 billion, said a report released by international law firm Baker McKenzie earlier this year.
Source: Global Times | 2018/4/24 22:43:39

CEOs should learn from Arsenal situation and avoid hanging around for too long

Arsène Wenger's career is instructive in many ways. The studious Frenchman helped revolutionize British soccer following his arrival as Arsenal manager in 1996. His focus on nutrition, precise training and mental discipline produced a golden age of victories for the North London club. As Wenger hangs up his boots after 22 years in charge, however, the main takeaway for corporate leaders is this: Don't hang around too long.
Source: Global Times | 2018/4/24 22:33:40

Progress in 'N-11' a good sign for global economy

On a recent holiday in Vietnam, Cambodia, and Laos, I couldn't resist thinking about these countries' economic potential and ongoing policy challenges. After all, in 2005, my Goldman Sachs colleagues and I had listed Vietnam as one of the Next Eleven (N-11) – or countries with the potential to become important economies during this century.
Source: Global Times | 2018/4/24 22:33:39

New round of financial opening can be second WTO entry

In his keynote speech at the Boao Forum for Asia (BFA) earlier this month, President Xi Jinping announced that China will launch landmark measures this year to significantly broaden access to its markets.
Source: Global Times | 2018/4/23 23:03:39

People-to-people diplomacy can usher in new chapter in Sino-Indian relations

Indian Prime Minister Narendra Modi is scheduled to travel to China this week to hold informal talks with Chinese President Xi Jinping. The informal meeting is expected to start a new era of communication between the two emerging Asian powers.
Source: Global Times | 2018/4/23 22:58:39

US trade moves aim to protect tech hegemony

The real intention of the US in provoking trade friction with China has come to the surface. The targets are the emerging high-tech industries mentioned in the “Made in China 2025” strategy. The extent to which China and the US can open their markets to each other and the pace of opening the markets are the focus points.
Source: Global Times | 2018/4/23 22:53:39

P&G drug deal needs vitamin shot to overcome skepticism from activist investors

Buying stuff is not the standard prescription for companies under pressure from activist investors. Procter & Gamble's 3.4 billion euro ($4.2 billion) splurge on Merck KGaA's consumer unit, the maker of Seven Seas vitamin pills, will need a booster shot to earn the support of newly appointed board member Nelson Peltz.
Source: Global Times | 2018/4/23 22:48:40

US trade moves based on fear of competition

Sino-US trade friction has been getting tense. An increase in Sino-US trade tensions might have serious consequences for the world economy. Seeking insights on US President Donald Trump's one-man trade war, which bucks the trend of globalization as well as four decades of reform and opening-up in China, Global Times London correspondent Sun Wei (GT) talked to US economist Thomas Sargent, the 2011 Nobel Laureate in Economics (Sargent), after he gave a speech titled “Why Should Governments Pay Their Debts?” at the 120th Anniversary of the Peking University UK Symposium in Oxford last month.
Source: Global Times | 2018/4/22 23:23:40

Morgan Stanley poses valuation dilemma but shareholders will remain cautious

Morgan Stanley is lumping its shareholders with a volatility challenge. In the first quarter the $94 billion Wall Street firm defended key turf against a surge from rivals and more than doubled fixed-income trading revenue from the last three months of 2017. That – and tax cuts – helped generate its best results in years, handily beating Chief Executive James Gorman's admittedly underwhelming targets. The dilemma for investors is whether that merits a higher valuation.
Source: Global Times | 2018/4/22 23:08:40

AIIB gives China experience in multilateral leadership

China was the initiator of the Asian Infrastructure Investment Bank (AIIB) and it has played a leading role in its progress. The AIIB's headquarters is in China, and its first president Jin Liqun is Chinese.
Source: Global Times | 2018/4/22 23:08:40

Rising violence against women increases cost of investing, doing business in India

Female tourists and foreign employees continue to face high risks of sexual violence in India, and the situation needs to change soon. Several horrific cases of sexual violence in India have drawn widespread attention on Chinese social media, and some Chinese have said they will avoid India due to fears of sex crimes.
Source: Global Times | 2018/4/22 23:08:39

North Korea's nuke test suspension paves way for economic take-off

North Korea announced Friday that it will suspend its nuclear and missile tests starting Saturday, according to media reports.
Source: Global Times | 2018/4/21 12:32:32

ZTE case signals ties with US at turning point

On Monday US time, the US prohibited domestic companies from selling components to ZTE for seven years. This news has increased the possibility that Sino-US trade friction will widen into a science and technology war. How should China respond? Is this a turning point in the Sino-US relationship?
Source: Global Times | 2018/4/19 22:43:44

Arms sales to Pakistan support nation's military sovereignty without conditions

There is no military alliance between China and Pakistan, but China's arms exports to Pakistan are a powerful weapon to safeguard the South Asian country's military sovereignty. Pakistan has been shunning the US in favor of Chinese high-technology weapons, the Financial Times reported earlier this week. Since 2010, US arms exports to Pakistan plummeted from $1 billion to just $21 million last year, according to the report, while China has become Pakistan's most consistent supplier of military hardware.
Source: Global Times | 2018/4/19 22:43:43

India's business schools a new area for outreach, repair of China-India ties

There is a huge divergence between China's impression of India and India's perception of itself.
Source: Global Times | 2018/4/19 21:38:40

Thriving online retail division giving some much-needed buzz to Goldman Sachs

A club under the San Francisco freeway is one of the last places you'd expect Goldman Sachs to throw a party. But it's not investment bankers gathering here. Instead, it's a comedy show arranged by Marcus, the company's online retail bank. The unit's edgier approach to business – and marketing – is giving Goldman a buzz it has sorely lacked.
Source: Global Times | 2018/4/19 21:38:40

US ban may spur China's push for chip self-sufficiency

In a fresh crackdown on China amid growing trade tensions, the US on Monday announced a ban on the sale of components to Chinese telecom equipment maker ZTE Corp. This is more than a provocative reminder of the Trump trade bluff that serves neither side's interests; it's likely to prompt even greater indigenous efforts to develop China's semiconductor design and fabrication capacity.
Source: Global Times | 2018/4/18 22:08:40