BUSINESS >> Comments

Economic shift helps China gain bargaining power

For those who are eager to sell goods in China amid the trade war, we can tell them – don't rush.
Source: Global Times | 2019/7/17 20:10:27

Vietnam's export surge does not justify massive manufacturing relocation from China

Vietnam's export revenue in the first five months of 2019 has seen a 6.7 percent increase year-on-year. Against the backdrop of a global economic slowdown and sprawling trade protectionism, this export performance has outshone other countries. In contrast, China's exports within the same period have been fluctuating and waning. Some are worried about industries withdrawing from China. However, there is no need to get too anxious.
Source: Global Times | 2019/7/17 19:08:41

Pakistani grads from China vital for CPEC success

Pakistani students graduating from China are playing a vital role in promoting the deep-rooted friendship between China and Pakistan. The first group of Pakistani students came to China in 1964. Since then, there has been an increasing trend in the number of students from Pakistan studying in China. This number has witnessed a sharp increase in the last few years in particular. Under new policies launched by the Ministry of Education of China, which have attracted more students from countries and regions along the routes of the China-proposed Belt and Road Initiative (BRI), Pakistan has become one of the largest beneficiaries of the Chinese education system.
Source: Global Times | 2019/7/17 18:58:40

Morgan Stanley's Asian crown gets Bud-shaped dent as demand miscalculated

Morgan Stanley's Asian crown just got a Budweiser-shaped dent. Along with JPMorgan, the US bank was joint sponsor of AB InBev's now-scrapped listing of its Asia unit, which was intended to raise $9.8 billion. The setback takes the shine off its local league-table preeminence.
Source: Global Times | 2019/7/17 18:53:40

Internationalization of yuan can boost HK status as offshore financial hub

Beneath the recent unrest in the Hong Kong Special Administrative Region lie concerns about capital outflows. A private banking source in Hong Kong said that the super-rich have begun to shift their assets elsewhere, including to Singapore, the Straits Times reported.
Source: Global Times | 2019/7/16 20:24:20

China's single market still has great dividend potential in consumer sectors

Some people attribute the success of China's reform and opening-up to the “demographic dividend,” which is certainly not a comprehensive understanding. It would be a big mistake if we still regard the demographic dividend as a large supply of cheap labor. In my opinion, the broad concept of the demographic dividend should be classified into three levels: The first is the “cheap labor dividend,” the second is the “engineer dividend,” and the third is the “single market dividend.”
Source: Global Times | 2019/7/16 18:58:40

US-France digital clash inevitable as tensions rise

French senate approved a digital services tax on Thursday after the bill was passed by the lower house. Digital service providers, with revenue exceeding 750 million euros ($845 million) globally and at least 25 million euros revenue generated from France, are subject to a 3 percent tax.
Source: Global Times | 2019/7/16 18:18:40

Driverless Argonauts on the hunt for top valuation in uncertain market

Ford Motor Company boss Jim Hackett says the self-driving joint venture he struck with Volkswagen's Herbert Diess on Friday “instantaneously makes it the biggest platform” in the industry. Autonomous vehicles can potentially reduce congestion and traffic-related fatalities, improve carmaker margins and more. The trouble is that working out how to value these outfits is a quest in itself.
Source: Global Times | 2019/7/16 18:13:41

Rare earths can be deterrent without ban on exports

The Pentagon is rapidly assessing the rare-earths output in the US, according to Reuters. The move comes after China indicated that it will keep its options open for using rare-earth minerals as a weapon against the US in the trade war.
Source: Global Times | 2019/7/15 19:08:42

China's central bank needs to head off rising challenge posed by cryptocurrencies

Facebook's announcement of calling Libra a digital currency has sparked much debate, which is still continuing in the technology, finance and political fields. In addition to criticism toward data privacy and trading security, attention has been given to the future challenges to central banks' rights to issue currency. Some Chinese scholars and central bank officials have also weighed in on the issue.
Source: Global Times | 2019/7/15 19:08:41

AfCFTA offers renewed potential amid concerns

At the recent African Union (AU) 12th Extraordinary Summit, Nigeria and Benin signed the African Continental Free Trade Agreement (AfCFTA), increasing the trade bloc's membership to 54, in Niamey, capital of Niger.
Source: Global Times | 2019/7/15 18:23:40

Tokyo and Seoul can ill afford a standoff as rushing into second trade war looks reckless

A standoff between Tokyo and Seoul points to mutually assured damage. South Korean President Moon Jae-in could take aim at Japanese machinery, equipment and goods as payback for export curbs targeting South Korea's vital chip industry. That casts a shadow over $85 billion of bilateral trade at a time when both economies are already under significant pressure.
Source: Global Times | 2019/7/15 18:13:40

What are the trends that are shaping the future of China's manufacturing migration?

In recent years, migration of the manufacturing sector from the Chinese mainland has become a major concern, especially against the backdrop of the US-China trade war over the past year. Indeed, if manufacturing moved offshore on a large scale, the mainland would lose its status as the world's factory and, like many countries, would face a potential hollowing-out of the economy. In this context, the Chinese economy would lose not only growth momentum but also its status as a manufacturing and economic power.
Source: Global Times | 2019/7/14 19:53:40

Technology war can spur talent flow from US to China

Chinese telecom giant Huawei is planning extensive layoffs at its US operations, the Wall Street Journal reported over the weekend. But don't worry – Chinese-American researchers are welcome to come to China and work for domestic technology companies.
Source: Global Times | 2019/7/14 19:53:40

A shares to be one of the silver linings of global equity market

Other than US stocks, which will likely continue to show resilience, Chinese mainland stocks trading at attractive valuations are believed to be another silver lining of the unsteady global equity market.
Source: Global Times | 2019/7/14 19:23:41

Ratio target cut approved by European Central Bank sends Deutsche lender mixed blessing

When in need, help can come from unexpected places. Just ask Christian Sewing. As part of the Deutsche Bank chief executive's bumper restructuring announced on Sunday, the European Central Bank allowed the lender to cut its common equity Tier 1 ratio target by 50 basis points. A sharp uptick in the yields of Deutsche's equity-like debt instruments implies this is a mixed blessing.
Source: Global Times | 2019/7/14 19:18:40

World must weigh moves as Trump pressures Fed

US Federal Reserve Chairman Jerome Powell on Wednesday signaled that the Fed would likely cut interest rates as soon as this month. It's highly unusual for the Fed to lower interest rates at a time when the economy has been growing quickly and unemployment is low
Source: Global Times | 2019/7/11 21:18:40

China's coordinative development economics powers up economy, global governance

Chinese culture is tenacious enough to grow continuously and prosper due to its core value, coordination. With coordinative measures, China has pushed for progress and the evolution of history. Following the coordinative principle, the country has dealt with many historical issues and built up a foundation for modernization.
Source: Global Times | 2019/7/11 21:08:41