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China rebuilds farming supply chain amid trade war

Last week, China's General Administration of Customs announced it had approved soybean imports from all parts of Russia and wheat imports from the Kurgan region of Russia.
Source: Global Times | 2019/7/31 17:58:41

Only taxes can close aviation's carbon gap as move to biofuel is an unrealistic outcome

Aviation's dreams of a green future rest on second-hand cooking oil and wishful thinking. By 2050, the industry wants to halve net CO2 emissions from 2005 levels, even though traffic is set to treble. It's hard to see electric planes or jet fuel made from plants or kitchen grease flying to the rescue. Instead, governments may have to squash demand by imposing carbon taxes.
Source: Global Times | 2019/7/31 17:58:40

Broader, fuzzier new Vision Fund will test SoftBank leader's ability to stay focused

SoftBank's new megafund, officially unveiled on Friday, is a fuzzier affair than its predecessor. Vision Fund 2 aspires to bring $108 billion of capital to disruptive and potentially market-reshaping technologies like artificial intelligence. If the first Vision Fund is a guide, it could alter competitive landscapes across a variety of sectors and create huge wealth for backers. It will also test SoftBank leader Masayoshi Son's ability to stay focused.
Source: Global Times | 2019/7/30 22:03:41

Alibaba set to benefit US SMEs, ease trade tensions

In early 2017, Alibaba's founder Jack Ma promised to create one million jobs in the US when he met the US President Donald Trump. That promise has been severely tested during the ongoing trade dispute, but a few days ago Alibaba formally opened its digital platform to US small and medium-sized enterprises (SMEs).
Source: Global Times | 2019/7/30 22:03:40

Washington ties with pro-Brexit group could limit mutually beneficial UK-China relations

Two days after Boris Johnson became the UK's prime minister, the Financial Times noted that British Brexit Party leader Nigel Farage held a major New York fundraising event for a new lobbying body W4B (World4Brexit) to campaign for the UK to leave the European Union (EU). Farage added that he met with President Donald Trump at the White House on July 24, the day Johnson became prime minister, when Trump urged him to join forces with Johnson to “realign” British politics.
Source: Global Times | 2019/7/30 21:58:40

Huawei can bear cost of broken US promises

As face-to-face trade talks between China and the US resumed this week in Shanghai, US actions to fulfill its commitment involving Chinese telecom company Huawei will help advance consultations that could result in a deal.
Source: Global Times | 2019/7/30 21:53:40

Diversifying reserves is first step in decoupling

China's massive foreign exchange reserves have drawn attention as the country for the first time disclosed its rate of return on investment, which suggested a further diversification of its reserve holdings.
Source: Global Times | 2019/7/29 21:32:46

Partial agreements expected in China-US trade talks despite major differences

The China-US trade row has seen many ups and downs. It has allowed people to witness the capriciousness of the real world and the nature of economics and trade issues.
Source: Global Times | 2019/7/29 21:32:46

Colombian President seeks to promote technological exchanges during Shanghai visit

China and Colombia should strengthen exchanges in the innovation field, which is expected to give a boost to economic development, Colombian President Ivan Duque Marquez said in Shanghai on Monday morning.
Source: Global Times | 2019/7/29 21:23:40

California's car-emissions pact with four automakers cuts through DC smog

A pact on pollution between California and four of the world's top automakers has cut through the smog from Washington. US' largest state by population and economic output on Thursday unveiled a deal to reduce vehicle emissions with BMW, Ford Motor, Honda Motor and Volkswagen. It effectively sidelines an intransigent White House, aligns more closely with overseas standards and offers some handy incentives to boot.
Source: Global Times | 2019/7/29 18:13:39

ECB under pressure to lower interest rates

The most important economic release for many global investors last week was the European Central Bank's (ECB) interest rate decision. And the downbeat narrative provided by ECB policymakers, along with the terrible data out of the eurozone in recent weeks inspired investor expectations that the ECB would begin yet another round of monetary easing.
Source: Global Times | 2019/7/29 18:03:39

Compromise in trade talks can't be one-way street

A widespread online article saying China will become the only nation in the history of the world that allows foreign capital to control its state-owned banks has generated vigorous debate. Some Chinese observers have expressed concern about whether the country has gone too far in allowing foreign investors to enjoy free access to China's strategic assets.
Source: Global Times | 2019/7/28 20:03:39

Libra is unlikely to become a real currency as negatives outnumber positives

House Democrats have considered a bill aiming at tech companies like Facebook that would ban them from issuing Libra, a new cryptocurrency, and Calibra, a digital wallet. This is not the first time that cryptocurrencies have attracted global attention.
Source: Global Times | 2019/7/28 18:23:40

No James Bond to rescue Aston Martin, carmaker struggles as demand falls

If only James Bond could rescue Aston Martin. The British maker of 007's legendary sports car is struggling. With the future of the automotive industry in flux, once-reliable buyers of trophy assets like Volkswagen or Ford Motor are no longer in the collecting business.
Source: Global Times | 2019/7/28 17:34:32

New China-Japan cooperation models build tech strength

The escalating trade row between Japan and South Korea seems unlikely to be resolved in the short term. Although China is not involved in their dispute, there is still something worthy of attention as regards aspects like semiconductor material development and high-tech industrial competition.
Source: Global Times | 2019/7/28 17:34:32

US rare earths diversification efforts hardly reduce reliance on Chinese supply

Recent media reports suggest that the US is turning to Africa to diversify its rare-earth supplies away from China. Yet, in view of the US and Africa's lack of rare-earth-processing capacity, the move will hardly help the US reduce its reliance on China's rare-earth supplies.
Source: Global Times | 2019/7/25 20:30:43

China's satellites help ease flood woes in India

China and India are moving to share satellite data involving natural disaster relief, at a time when the South Asian nation is under pressure to find long-term solutions to its frequent flood woes.
Source: Global Times | 2019/7/25 20:28:41

New UK leader faces the same old challenges, decisions may drag economy into recession

Though the UK is going to have Boris Johnson as its new prime minister, old problems still linger on the path to ending the long and drawn-out Brexit chaos by the October 31 deadline.
Source: Global Times | 2019/7/25 20:18:40