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Focus on industrial cooperation with China better option than restricting e-commerce

India is considering imposing restrictions on online purchases of goods from Chinese e-commerce platforms, the Indian newspaper Economic Times (ET) reported. Import restrictions may be a very unpopular policy in India because it will push up the cost of living for local people.
Source: Global Times | 2018/12/13 22:12:04

China's unique development path offers key lessons

Forty years of reform and opening-up have changed the destiny of the Chinese people, as well as the world. It is a great economic, social and political development with historical significance.
Source: Global Times | 2018/12/13 22:03:41

Africa needs to switch focus from Europe to China

While the world has come to peace with the emerging role of China in Africa, where its win-win strategy has provided African nations with an alternative way to develop their economies, the new round of opening-up as envisioned by Beijing is set to offer for the first time a clear commitment to support African exporters in engaging with China on a larger scale.
Source: Global Times | 2018/12/13 20:48:41

US lawmakers continue to exhibit worrying ignorance when facing tech challenges

A grilling of Google chief Sundar Pichai revealed that Congress is still searching for a clue. The US lawmakers he faced on Tuesday failed to land a blow, and seemed ill informed about what the search engine actually does. The knowledge gap is risky for tech firms because it increases the risk of regulation that misses the mark.
Source: Global Times | 2018/12/13 20:48:41

China's sincere moves to defuse trade tensions should be met with similar steps by US

As China is trying to act on its previous commitments to bring an end to the trade war, the US should not create additional obstacles to trade talks by rogue means.
Source: Global Times | 2018/12/12 21:03:39

New ideas can drive China's era of reform, growth

Every time there is economic difficulty, new ideas arise to drive reform and opening-up. If China can take the 40th anniversary of reform and opening-up as an opportunity to launch a new round of ideological emancipation, another round of reform and opening-up will occur, spurring new economic growth.
Source: Global Times | 2018/12/12 20:13:40

Overseas cooperation vital for VR sector to succeed

While there has been much discussion of the tech world rivalry and competition between China and the US, the sphere of immersive technologies arguably calls for greater joint collaborative efforts. This may yet make it possible to create a virtual wonder world as attractive as the OASIS in Steven Spielberg's sci-fi movie “Ready Player One.”
Source: Global Times | 2018/12/12 19:28:41

Investors should be wary as global stock market valuations still appear over-priced

Are global equities cheap yet? After two sharp corrections in February and October 2018, investors will be running their rules over stock-market valuations. They should be wary of falling victim to a value trap.
Source: Global Times | 2018/12/12 19:28:40

Financial reform becomes urgent as economy slows

A McKinsey report titled China's Choice: Capturing the $5 Trillion Productivity Opportunity resurfaced recently. According to its calculations, China's financial sector generated more than 80 percent of the country's total economic profits in 2015. It is not healthy to see economic profits highly concentrated in the financial sector, which is to the detriment of economic development.
Source: Global Times | 2018/12/11 19:59:27

Opening-up, cooperation only way for China to convince world of technology prowess

While the US has resorted to various means to target Chinese tech giant Huawei, China will beat back any efforts to contain its technological advancement by furthering opening-up and cooperation.
Source: Global Times | 2018/12/11 19:54:04

China's lower-tier cities offer big market opportunity

All opportunities come from contradictions and variations, as is the case with stocks – without rises and falls, no one would have the opportunity to make a profit. Therefore, it doesn't necessarily matter whether the market is currently on a downward spiral or an uptrend. So long as the contradictions and opportunities are identified, there will be ways to make money. The principal contradiction facing Chinese society now is the one between unbalanced and inadequate development and people's ever-growing needs for a better life, according to the report following the 19th National Congress of the Communist Party of China.
Source: Global Times | 2018/12/11 19:43:40

Meituan harming itself further with unsavory opacity over corporate problems

Distasteful disclosure practices are spoiling some Chinese food delivery ventures. Meituan Dianping, operator of the country's biggest food delivery app, fired one employee and referred others to police after an internal corruption probe. It only reported the news in Chinese, and didn't flag it before its IPO. Once-reported metrics have also gone missing. Such opacity is unappetizing.
Source: Global Times | 2018/12/11 19:43:39

Changing times call for flexible policy response

Expectations have played an important role in decision-making in the trade row between China and the US. The irrational expectations of some American politicians involving the Chinese economy are an important driving force behind the US' tough policy in the conflict.
Source: Global Times | 2018/12/10 20:58:57

Private sector deserves full support for vital role in generating new jobs in China

There is a growing belief that maintaining and creating employment is the next battleground in the China-US competition. That is meant to call attention to job creation efforts as the rivalry between the world's top two economies, which has unfolded in the trade and economic spheres, will eventually extend into the job market.
Source: Global Times | 2018/12/10 20:55:13

Global moves against Huawei come at a price with costs, outages likely to increase

A global anti-Huawei push risks making an already concentrated market even less competitive. The drive could lead to higher mobile bills, less investment and more widespread outages like the one caused on Thursday by Swedish group Ericsson's glitchy software.
Source: Global Times | 2018/12/10 20:06:37

US should drop its strategy of trying to change China

Relations between China and the US are tense at the moment, but both sides can benefit from reflection and restraint. A spirit of constructive internationalism must prevail. The US' harsh tariff measures reflect its deeply flawed national security strategy. President Donald Trump's administration has made it clear that Washington perceives China as a rival that seeks to revise the post-World War II liberal international system. This is also the consensus view in Congress.
Source: Global Times | 2018/12/10 20:06:30

Banning Chinese companies like Huawei will isolate US from digital economy of the future

The arrest of Huawei's CFO Meng Wanzhou and moves to ban the company from some markets will keep those countries from gaining access to China's 5G markets.
Source: Global Times | 2018/12/9 20:36:38

US, EU protectionism won't stall China's tech rise

In the 1980s, a lot of people were hailing the trend toward “science and technology without borders.” At that time, many of the unknowns and problems faced by human beings were not confined to single countries, so the idea was that the wisdom of scientists from various countries should be integrated and the fruits of this knowledge should be shared to address the practical problems facing the world. The idea, which was advocated mainly by the West, suggested that every technology could be used to serve the whole world. However, if we look at it today, things seem a little different.
Source: Global Times | 2018/12/9 19:53:29