BUSINESS >> Comments

Foreign firms can benefit from 'Made in China 2025'

Many wonder if 2019 will see an end to the “Made in China 2025” initiative.
Source: Global Times | 2019/2/20 21:08:15

Italian grudge may steer Vivendi's M&A mandate in one of Europe's biggest deals of 2019

“It's just business” may be difficult for Vincent Bolloré to utter. Vivendi, the media group he controls, is sore about the work JPMorgan did with activist investor Elliott Advisors in last year's Telecom Italia saga. The grudge may rear its head in one of the biggest European deals of 2019.
Source: Global Times | 2019/2/20 17:43:40

The US can't let debt cast shadow on its economy

As the data released by the US Department of Treasury last week showed, the country's total federal debt outstanding has exceeded $22 trillion. The US debt grew more than $1 trillion in the past 11 months.
Source: Global Times | 2019/2/20 17:38:40

Modi reforms for foreign investment worth applause

India has accelerated its efforts to make it easier to do business in the country. As China's labor cost advantage shrinks, Chinese enterprises should pay attention to changes in the Indian economy.
Source: Global Times | 2019/2/19 20:58:41

China's monetary policy to sail out of the 'reefs' and into smoother waters ahead in 2019

The year 2018 saw China's monetary policy carefully sail through the “reefs,” as economic slowdown and surging exchange rate risk left little room for adjustment. However, since the beginning of this year, major internal and external changes have broken the dilemma.
Source: Global Times | 2019/2/19 20:58:40

Market buoyed by expectations for win-win trade deal between Beijing and Washington

The growing optimism that the US and China will soon hammer out a win-win trade deal following tangible progress made at their latest round of talks in Beijing is buoying the market. Both Wall Street and China's two stock bourses in Shanghai and Shenzhen have brightened with strong gains during recent trading sessions.
Source: Global Times | 2019/2/19 20:03:47

Trump's dealmaking looks far from artful as US political infighting on wall funding drags on

US President Donald Trump has started another war of sorts – this time at home. Congress rejected the US president's demands to fund a southern border barrier, so on Friday he declared a national emergency, a move that will face an array of legal challenges. It's a messy non-deal considering Trump turned down a compromise providing $25 billion for his wall in 2018.
Source: Global Times | 2019/2/19 15:13:39

History has lessons about the Brexit brain drain

Should the United Kingdom go through with its withdrawal from the European Union, one of the most severe unintended consequences will probably be the exodus of a significant share of top professionals from London. In fact, Paris, Frankfurt, Dublin, Amsterdam, and other cities on the Old Continent are already competing to attract UK-based bankers, doctors, architects, and academics.
Source: Global Times | 2019/2/19 15:08:39

Philippines advised to treat Chinese firms fairly

Two Chinese companies are reportedly interested in buying the Philippines' largest shipyard, once an important US naval base in the Pacific region. Some Philippine politicians have expressed concern over a possible Chinese takeover, saying it will be a very significant national security issue.
Source: Global Times | 2019/2/18 21:23:40

How to sustain positive economic development in China amid market uncertainties

The 2019 Annual Meeting of the Chinese Economists 50 Forum was held in Beijing on Saturday, with the theme “How to achieve the six stabilities and keep positive economic development in the long run.” Below are excerpts from speeches given by several renowned scholars and officials at the event.
Source: Global Times | 2019/2/18 21:23:39

Ryanair CEO's huge share options in reach if he doubles the airline's profits by 2024

Ryanair is notorious for keeping costs low, but its chief executive's new incentive scheme is anything but frugal. The budget airline has granted Michael O'Leary share options that could be worth almost 100 million euros ($113 million) if he doubles Ryanair's net profit or share price by 2024. Though the target looks demanding, it's well within reach.
Source: Global Times | 2019/2/18 16:18:40

India railway development reveals economic progress

Piyush Goyal, India's Minister of Railways and Coal, recently posted a video online of the Vande Bharat Express, the country's first semi high-speed rail. However, it was later revealed the footage had been doctored so the train would appear to travel faster than normal.
Source: Global Times | 2019/2/18 16:18:39

Investment can create 'virtuous circle' for CPEC

After a suicide attack claimed by the Pakistan-based Islamist militant group Jaish-e-Mohammad (JeM) killed at least 40 Indian paramilitary troopers in the Pulwama district, India has said it will ensure the isolation of Pakistan in the international community and withdraw the Most Favored Nation status given to Pakistan.
Source: Global Times | 2019/2/17 20:51:24

Leveling the playing fields for domestic and overseas companies sets China's reform road map

The world has been closely watching the latest round of high-level trade negotiations between the US and China, which took place in Beijing on Thursday and Friday, for clues as to whether a trade resolution will be reached before the March 1 deadline.
Source: Global Times | 2019/2/17 20:48:40

Jumbo reality check frees Airbus to churn out greener, nimbler two-engine planes

European politicians, as well as passengers who appreciate more leg room, will lament Airbus sounding the death-knell of the A380. Few others will shed a tear for the gas-guzzling behemoth. As with the supersonic Concorde, another engineering marvel, the superjumbo owed more to regional political ambition than commercial logic. The aerospace group can now focus on closing its valuation gap with US rival Boeing by churning out more of the nimbler, greener two-engine jets that airlines want to fly.
Source: Global Times | 2019/2/17 17:23:39

New pension system will mobilize Chinese economy

High quality development requires lower pension plan expenses. If pension reform is carried out correctly, it would provide the Chinese economy with a real opportunity.
Source: Global Times | 2019/2/17 17:18:39

Firms should adapt, not abandon changing China

China's economic slowdown is a fact. Some foreign companies are said to be considering a withdrawal from the Chinese market, while others are making the choice to stay. Nobody can say that all foreign companies can succeed amid the nation's economic restructuring, but it's very likely that the ones who remain calm can emerge as winners in the market of more than 1.3 billion consumers.
Source: Global Times | 2019/2/14 21:23:41

With many Chinese not having traveled abroad yet, raising income ought to be top priority

According to the latest data released by the State Administration of Foreign Exchange, China's tourism trade deficit reached $237.4 billion in 2018, an increase of $21.4 billion over the previous year. While the record high figure reflects the growing scale of outbound tourism consumption by domestic residents, it remains questionable whether the domestic demand is so strong that it even caused the record outbound tourism consumption.
Source: Global Times | 2019/2/14 21:23:40