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Cryptocurrency to bolster yuan's globalization

The internationalization of the yuan began as the Chinese people and Chinese enterprises began to go global. Clearing with the US dollar in international trade is unfavorable for the yuan, since the nation's foreign reserves contain a large amount of the US dollar and China is continuing to buy US government debt.
Source: Global Times | 2018/1/23 22:53:39

Boosting China's imports from European countries key to emerging logistics network

With improving connectivity between China and Europe under the Belt and Road (B&R) initiative, tapping the full potential of European exports to China will be crucial for the new logistics network to play its role.
Source: Global Times | 2018/1/23 22:48:41

Reform vital for China's financial market to flourish

If China is to become a global powerhouse in the new era, an important indicator that cannot be bypassed is its international financial status. A great country should have an open and highly marketized financial system with integrated functions, and one that is capable of defusing risks. These factors are the essential elements that support the financial systems of the great powers. Based on this standard, China's entire financial market will have to carry out structural reforms and adjustments to realize its full development.
Source: Global Times | 2018/1/23 22:48:39

Netflix apparently leaving rivals like Amazon behind, but cash burn still growing

Netflix is pouring money into what is fast becoming a formidable competitive moat. The $95 billion video-streaming service run by Reed Hastings ended 2017 with negative free cash flow of $2 billion, based on figures released on Monday. Even so, it probably has more subscribers than rivals Hulu and Amazon combined. A hefty content budget is a risk, but ensures only the most deep-pocketed media firms can take Netflix on.
Source: Global Times | 2018/1/23 22:43:41

US 'allergy' to Chinese investment will hurt both sides

Saturday marks the one-year anniversary of Donald Trump's inauguration as US president. Over the past year, his country has shown a severe “allergy” to Chinese investment, tossing aside the international consensus on international investment relations.
Source: Global Times | 2018/1/22 23:43:39

India can't become global economic giant until domestic multinationals flourish

Observers who are interested in comparing the growth prospects of China and India often cite the large pool of MBA talent as one of India's major strengths, but the jobs these graduates do ironically reflects the weakness of the economy.
Source: Global Times | 2018/1/22 23:38:40

Rise of blockchain speculation is a cause for concern

After Chinese securities regulators suspended the trading of some blockchain-related companies and queried their recent price surges, the share prices of these companies plunged last week. While the regulatory crackdown may cool the blockchain fever for the time being, it won't be easy to completely eliminate speculation.
Source: Global Times | 2018/1/22 23:38:40

Nestlé's new board nominees probably enough to pre-empt activist showdown

Nestlé is making its board more activist-friendly. The chief executives of Adidas and Spain's Inditex are among the heavyweight non-executive directors that the Swiss giant is proposing to appoint. They may help to pre-empt any plan by activist Dan Loeb to install his own candidates.
Source: Global Times | 2018/1/22 23:33:40

China can provide new definitions of development aid

Earlier this month, Concetta Fierravanti-Wells, Australia's minister for international development and the Pacific, accused China of making the Pacific full of “useless buildings.” Her claim caused an uproar, but her view is not new.
Source: Global Times | 2018/1/21 23:33:39

Chronic disease of overproduction may threaten China's hard-won economic growth

Amid encouraging news about China's economy, which achieved a forecast-beating expansion of 6.9 percent for 2017, there are signs that the economy is still suffering from a chronic disease: overproduction.
Source: Global Times | 2018/1/21 23:28:39

BOJ policy shift may affect Chinese exports

The Bank of Japan (BOJ), the country's central bank, recently cut its purchases of long-term bonds, prompting market speculation that it will join its global peers and begin shrinking its balance sheet as soon as this year.
Source: Global Times | 2018/1/21 23:23:40

Apple getting in line with Trump regime policies with new US spending plans

Tim Cook is going as American as Apple pie. The iPhone maker will pay $38 billion in tax on its huge pile of overseas cash. It's also aping Amazon with plans to open a new US campus, invest $30 billion over five years and create 20,000 jobs.
Source: Global Times | 2018/1/21 23:23:40

Full speed ahead for China's economy in 2018

China's economy fared better in 2017 than a year earlier, growing 6.9 percent year-on-year with nominal GDP surpassing $12.5 trillion, the National Bureau of Statistics reported on Thursday. If calculated by purchasing power parity (PPP) – which the IMF did in 2015 – the size of the economy exceeded $20 trillion.
Source: Global Times | 2018/1/18 22:33:40

China needs to play hardball as threat of trade war with US looms ever larger

China needs to assume a more active posture as the US government has shifted into a near-attack mode that could ignite a trade war between the world's two largest economies.
Source: Global Times | 2018/1/18 22:31:22

Partnerships in Southeast Asia could help Uber ease cash splurge, build toward IPO

Uber's next ride-share could be in Southeast Asia. After struggling in China and Russia, the app operator swapped its businesses there for a stake in Didi and a joint venture with Yandex. Another sensible partner would be Grab, which shares a backer in SoftBank.
Source: Global Times | 2018/1/18 19:26:01

Lurking risks obscured by positive economic news

As 2018 begins, things are looking up for the global economy. Over the last six months, growth projections by official institutions like the IMF, matched or even exceeded by private forecasts, have been adjusted upward. But not all of the news is good.
Source: Global Times | 2018/1/18 19:18:39

Japanese firms should adapt to changing China

Japanese conglomerate Nitto Denko Corp recently denied reports that it closed a plant in Suzhou, East China's Jiangsu Province. The company said, however, that it had decided to stop making polarizers, one of the most important components in liquid crystal displays, at that particular plant.
Source: Global Times | 2018/1/17 21:58:40

Confiscating foreign-owned assets can be enemy of Chinese investment in India

The amendment of India's 49-year-old Enemy Property (Amendment and Validation) Act has renewed concerns over the security of Chinese-owned assets and posed an obstacle for the Indian government, which hopes to draw more overseas investment by enacting sweeping economic reforms.
Source: Global Times | 2018/1/17 21:58:39