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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

US Soccer Federation's unsporting pay is a direct kick to superior women's team

US World Cup soccer winners are being treated like losers when it comes to pay. The women's team that beat the Netherlands on Sunday – for its fourth win since the 1990s – is fighting for equal wages in a lawsuit against the US Soccer Federation (USSF). As in the corporate world, proving inequality is complex, but the reasons to fix it are simple.
Source: Global Times | 2019/7/11 17:09:14

India's $5t goal requires more successful reforms

When addressing the fifth meeting of the Governing Council of Niti Aayog last month, Indian Prime Minister Narendra Modi said that the goal to make India a $5 trillion economy by 2024 is challenging, but achievable. Objectively speaking, achieving this goal will be difficult.
Source: Global Times | 2019/7/11 17:09:14

Exports, not barriers, can help India cut trade gap

US President Donald Trump said Tuesday that “India has long had a field day putting Tariffs on American products. No longer acceptable!” If the US starts a trade war with India, this is of course bad news for New Delhi, while China is also likely to feel the pain.
Source: Global Times | 2019/7/10 20:58:40

China's manufacturers and market take the lead to embrace green vehicles

Although overall car sales in China have waned in the past 10 months, electric vehicles (EVs) have picked up the slack, thanks to the government's steadfast efforts to spur consumption of green cars. The plan is to cut the country's heavy reliance on imported oil and to reduce petrol-fired vehicles' choking tail-gas emissions.
Source: Global Times | 2019/7/10 20:53:40

Big challenge for next BMW CEO to fine-tune company's greener car strategy

BMW Chief Executive Harald Krueger will bequeath a well-oiled machine to his successor when he steps down next year. The 44 billion euro ($49.33 billion) carmaker's boss said on Friday that he won't seek a second term after his current one expires in May 2020. The big challenge for his successor – possibly production chief Oliver Zipse, according to Reuters – will be to fine-tune the company's electric-vehicle strategy.
Source: Global Times | 2019/7/10 18:36:28

Japan's chip development history relevant for China

During its rise as a global electronics producer in the 20th century, Japan saw its chip and semiconductor sectors go through good and bad times with the US. A close analysis of this history still has some relevance for us today.
Source: Global Times | 2019/7/10 18:31:31

Luring Chinese VC firms back for start-ups urgent amid trade war

Chinese venture capital (VC) investment in US biotech companies fell by more than 50 percent in the first half of the year, the Financial Times reported Tuesday, as Chinese investment faces growing scrutiny and hostility in the US.
Source: Global Times | 2019/7/9 21:18:40

China's continuous hike of gold reserves demonstrates diversification efforts

China increased its gold reserves for the seventh month in June, taking its total reserves to 61.94 million ounces, up 330,000 ounces compared to the previous month, data from the central bank showed on Monday. As gold is considered to be a typical safe haven asset, China's gold purchases are generally seen as a strategic measure to hedge against risks and uncertainties related to the international payment environment and its own currency.
Source: Global Times | 2019/7/9 21:18:40

Deutsche Bank retreat depends on self-assurance, some rosy assumptions

Any overconfident child knows that owning up to mistakes is part of growing up. By that metric, Deutsche Bank is just beginning to mature. Boss Christian Sewing on Sunday effectively called time on the lender's multi-decade attempt to create a global investment bank with a plan to shrink its trading unit and put 288 billion euros ($323 billion) of assets into runoff. The retreat, however, depends on friendly markets and an absence of blunders.
Source: Global Times | 2019/7/9 21:08:40

Blockchain can be complement to financial system

In past years, online transactions have been surging greatly, and the demands in people's daily life are easier to meet thanks to fast financial services development. At the same time, financial innovations have their merits and demerits. Facebook is working with 27 partners to launch the cryptocurrency Libra in 2020. Is it a new kind of cryptocurrency or the embryo of a monetary system? How will this issue impact the global financial market and system in the long run and how will social life be shaped?
Source: Global Times | 2019/7/9 20:58:40

India support crucial for BCIM economic corridor

China and Bangladesh have agreed to advance cooperation on the Belt and Road Initiative (BRI), but in order to reach its full potential in the region, it will need support from New Delhi.
Source: Global Times | 2019/7/8 21:13:40

EU-Vietnam free trade agreement won't affect China's ties to its Southeast Asian neighbor

In recent years, Vietnam has signed bilateral and multilateral free trade agreements with a number of economies or economic unions. On June 30, the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement were officially inked in Hanoi, Vietnam's capital. Hanoi views the deal as an important milestone for its global trade.
Source: Global Times | 2019/7/8 20:23:39

Elliott pounced on the wrong booze company as Diageo outperforms Pernod

Will that be Absolut or Smirnoff in your Cosmopolitan, Madame? Investing can be as simple as ordering a drink at the bar. But as with the after-effects of certain cocktails, the results can vary.
Source: Global Times | 2019/7/8 19:58:40

What lies ahead for the China-US trade war post-G20?

On the sidelines of the recent G20 summit in Osaka, Japan, top leaders from China and the US agreed to resume trade talks and not place new levies on Chinese exports. The efforts averted risks of increased trade tensions. A consensus to return to talks indicates a desire on both sides to reach an agreement.
Source: Global Times | 2019/7/8 19:53:40

As US shuns skilled Indian staff, China opens arms

As the US tightens controls over H1B visas, Indian engineers are welcome to work and live in China.
Source: Global Times | 2019/7/7 20:38:52

Retail 'market downgrade' sends alarm signals amid increased e-commerce monopoly

Talk of a so-called “consumption downgrade” has emerged in China in recent years. It refers to a shift of consumer preference from luxury products to cheaper goods amid the economic slowdown. Chinese officials have generally denied such a phenomenon, but even if China is really undergoing a “consumption downgrade,” cutting down spending on luxury goods is just a normal response by people when facing a slowing economy.
Source: Global Times | 2019/7/7 20:38:44

International cooperation imperative in the face of evolving cybersecurity threats

Technological advancements, while making life simpler and smarter, have heightened cybersecurity woes. Cybersecurity readiness and resilience has therefore become one of the battlefields for industries and governments to flex their muscles.
Source: Global Times | 2019/7/7 19:23:40