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Poverty reduction among China's greatest successes, Graham Allison says

There have been several rounds of China-US trade talks since a trade truce was declared late last year by the leaders of the two countries at the G20 meeting in Argentina, and there are signs of progress toward a trade deal between the world's two largest economies. With that in mind, how should one understand China-US relations? In a recent interview with the Global Times (GT) by email, Graham Allison (Allison), Douglas Dillon Professor of Government at Harvard University, known for coining the catchphrase “Thucydides Trap” – the dangerous dynamic that occurs when a rising power threatens to displace a ruling power – shared his thoughts on China-US ties.
Source: Global Times | 2019/4/29 16:16:22

Lagging factories hamper India's industrial rise

A fire on the Indian Navy's sole serving aircraft carrier was predicted by Chinese military expert Zhang Zhaozhong several years ago, who said there was a strong risk of fires on aircraft carrier INS Vikramaditya.
Source: Global Times | 2019/4/28 21:13:41

Chinese brands can flourish by tapping into culture

Traditionally, a country can elevate its soft power by holding a major event, like the Olympic Games, or through exercises in public diplomacy. But an oft-overlooked fact is that soft power sometimes plays out through icons or symbols inherent in a country's leading commercial brands.
Source: Global Times | 2019/4/28 19:08:40

Instagram is becoming Facebook's cash cow but risks being tainted by the social network's problems

Instagram is becoming Facebook's sugar daddy. The $521 billion social network's image-sharing unit is a big reason for the company's strong first-quarter top-line growth. There's room to wedge more revenue-earning ads into users' feeds. The risk, though, is the distractions and dodgy content that hamper the “old” Facebook spread to Instagram.
Source: Global Times | 2019/4/28 19:03:39

Why US neo-conservatives are trying to block Europe from BRI benefits

This is an important year for Europe as economic slowdown is likely - the IMF projects EU growth will fall to 1.6 percent in 2019. Regarding major external influences that can improve or worsen this situation, the US will also slow as the IMF projects a decline in growth from 2.9 to 2.3 percent, while China's growth is expected to be far higher at 6.0-6.5 percent.
Source: Global Times | 2019/4/27 14:14:15

Belt and Road projects aim to avoid new debt risks for developing countries

According to media reports, encouragement of sustainable financing is one of the bright spots in the draft communiqué for the second Belt and Road Forum for International Cooperation, a gesture meant to respond to accusations by some Western countries about the so-called "debt trap." While the construction of the Belt and Road Initiative (BRI) has achieved remarkable results in recent years, some Westerners never tire of smearing it by accusing BRI projects of creating debt traps for developing countries, which is nothing but a groundless attack.
Source: Global Times | 2019/4/25 20:33:41

TikTok's experience in India offers broader lesson

Short-video platform TikTok will be available for download again in India, with media reports saying that the Madurai bench of the Madras high court on Wednesday vacated its interim order prohibiting downloading of the Chinese app.
Source: Global Times | 2019/4/25 20:33:40

Travel company Thomas Cook's survival relies on risky breakup between tour and airline business

Thomas Cook's best case may be a risky breakup. The struggling tour operator's shares jumped around 16 percent on reports of a bid by Chinese group Fosun International or private equity firms KKR and EQT Partners. Either could involve selling off its airline, a tricky move that may leave an even weaker core business.
Source: Global Times | 2019/4/25 17:18:40

BRI open to the world, not 'coterie diplomacy'

In an article titled “Three Questions on China's 'Belt and Road Initiative'” published in the China Economic Review, the official journal of US-based Chinese Economists Society, Leonard K. Cheng questioned the motive behind the Belt and Road Initiative (BRI). As the article says, the real intention of the China-proposed BRI is not just limited to exporting excess production capacity, boosting domestic demand, increasing foreign investment, securing supply of strategic resources, and promoting the Chinese yuan's internationalization.
Source: Global Times | 2019/4/25 17:13:40

Governments, central banks and companies must cooperate if new economic crisis hits

A new global economic crisis might be on the horizon. Global growth remains very soft and the world's largest companies are revising their growth figures and holding back on investments.
Source: Global Times | 2019/4/24 20:23:47

China to carefully handle complications among EU countries to push forward BRI projects

Road and infrastructure connectivity is a crucial topic for the Belt and Road Initiative (BRI) and China-Central Eastern European Countries (CEEC) cooperation. Moreover, it is a major component of the China-EU Connectivity Platform and China-EU 2020 Strategic Agenda for Cooperation.
Source: Global Times | 2019/4/24 19:58:41

China may help ease Sri Lanka economic distress

Economic distress may yet leave a dent in Sri Lanka once the dust has settled from the Easter bombing on Sunday. If the island country fails to seek further assistance from international organizations such as IMF, China may be able to help.
Source: Global Times | 2019/4/24 19:58:40

Offering Tesla shareholders more say by culling the board does not address its cash-burn problem

Elon Musk is looking guilty of tweeting while driving – or some other distraction. Tesla's chief executive is talking up autonomous vehicles, days after the company offered shareholders more say and said it was going to cull the board. The problem is, the $46 billion electric-car maker has more pressing concerns.
Source: Global Times | 2019/4/24 17:53:40

BRI is not a ploy for China to control the South China Sea

On Friday, 37 heads of state or government will attend the second Belt and Road Forum on International Cooperation in Beijing. Over 5,000 participants from more than 150 countries and 90 international organizations are scheduled to attend the three-day event.
Source: Global Times | 2019/4/24 17:43:40

US criticism of the Belt and Road Initiative only places it at a disadvantage

A continuation of the international fault-finding mind-set toward the China-proposed Belt and Road Initiative (BRI) will only put the US at a disadvantage as the initiative has grown in importance in the global economic landscape, which has been threatened by protectionism.
Source: Global Times | 2019/4/23 20:18:40

Pragmatic approach can improve China-India ties

The leaders of about 40 foreign governments will attend the second Belt and Road Forum (BRF), which will begin in Beijing on Thursday, but India is likely to boycott the meeting. India's possible absence is not surprising, and there is no need to read too much into it.
Source: Global Times | 2019/4/23 20:13:40

Huawei's new 5G auto chip is more proof of technological prowess

Two starkly different stories appeared among the tech news headlines in recent weeks. Last week, Intel abruptly announced it is giving up its 5G modem development. And on Monday, Huawei launched the world's first 5G communications module for vehicles, making a formal bid to become a key supplier for self-driving autos.
Source: Global Times | 2019/4/23 20:11:42

Aggressive IPO share pricing by Pinterest and Zoom serves as a reminder of who calls the shots

For tech companies with headlines to fill and egos to please, details matter. One is how companies undertaking initial public offerings price their shares, and how they perform in their first day of trading. Pinterest and Zoom Video Communications have both priced their shares higher than the ranges provided earlier by their underwriters and management.
Source: Global Times | 2019/4/23 18:33:40