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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

Debt, mismanagement leave South Africa's state-owned power firm in the dark

As rolling power blackouts hit South Africa last week, an old gag resurfaced. “What did South Africans use for lighting before candles?” Answer: “Electricity.” The problems at state-owned Eskom are no laughing matter, though. Energy rationing is not even the most serious issue: The utility is broke and its debt pile is too much for the government to handle.
Source: Global Times | 2018/12/9 19:53:17

Arrest of Huawei CFO pours cold water on optimism

Without any solid evidence, the Canadian and US governments trampled on international law by basically “kidnapping” Chinese citizen Meng Wanzhou, the chief financial officer of Huawei.
Source: Global Times | 2018/12/6 23:10:52

China must follow own economic path despite pressure from trade conflict, global share rout

Shares in China tumbled on Thursday as the arrest of the chief financial officer (CFO) of Chinese telecom giant Huawei further undermined fragile market sentiment amid concerns over the outlook for Sino-US economic relations.
Source: Global Times | 2018/12/6 23:10:49

China not to blame for US fentanyl-abuse epidemic

In recent years, drug addiction involving a synthetic opioid known as fentanyl has led to a rapid rise in the number of overdose deaths in the US.
Source: Global Times | 2018/12/6 23:03:43

Tencent Music growing rapidly but valuation for upcoming IPO still seems high

Tencent Music Entertainment will strain to hit Spotify's high notes. China's social media and gaming titan is floating its music-streaming arm at a valuation of up to $24.5 billion. Sales are up, and the unit has a novel, profitable business model. Still, the company's huge premium to Spotify is hard to justify.
Source: Global Times | 2018/12/6 23:03:42

China-US Trade truce offers just brief window of opportunity

The trade truce struck by China and the US over the weekend has temporarily prevented the two countries from heading toward a new cold war. Multiple results were achieved in such fields as trade, international politics and security.
Source: Global Times | 2018/12/5 23:28:40

Pressure won't solve Beijing-US trade conflict

The US stock market plunged on Tuesday, sending the Dow Jones Industrial Average down 799.36 points. The group of technology stocks known informally as FAANG (Facebook, Apple, Amazon, Netflix and Google) shed more than $140 billion in market value by the end of the trading Tuesday.
Source: Global Times | 2018/12/5 23:16:23

Opening up govt procurement, infrastructure cooperation can ease US trade gap with China

Some observers believe the current surge in the US federal budget deficit is a reason why US President Donald Trump said the country's military spending of $716 billion is too high. If Trump wants to improve the financial situation of the federal government and individual states, there may be a better choice than military spending cuts, and that is to cooperate with China over his infrastructure plan.
Source: Global Times | 2018/12/5 23:16:23

5G more deserving of investment than transportation

With the aim of stabilizing the economy, China seems to have been stepping up spending on infrastructure recently. The central government has not only increased the issuance of special local government bonds used to fund infrastructure projects, but has also greatly strengthened its infrastructure investment.
Source: Global Times | 2018/12/5 23:13:40

Deutsche Bank in the news for wrong reasons but future could still turn out bright

There's a bad day at most companies, and then there's a typical 24 hours at Deutsche Bank. Even by the German lender's low standards, November 29 would stick out as a dies horribilis: a police raid on its Frankfurt HQ followed by an achingly defensive press release, media speculation that the head of its investment bank is under pressure to go, and further dips in its share price. Even so, there are still reasons to believe Deutsche can bounce back.
Source: Global Times | 2018/12/5 23:08:40