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Fixing domestic issues key to China-US competition

We are now facing an unprecedented historic change. The essence of change is the competition between big powers – currently China and the US.
Source: Global Times | 2019/6/5 19:58:39

US, UK will both pay price for blocking Huawei in 5G

Several days before US President Donald Trump's long-delayed state visit, 5G finally landed in the UK. Last week, the BBC held the country's first live 5G broadcast with Huawei equipment, although it got off to a bumpy start because the SIM card used for the trial ran out of data.
Source: Global Times | 2019/6/4 20:08:41

China's logistics services need to follow its manufacturing to expand overseas

US logistics giant FedEx, one of the world's top delivery brands, has surprisingly – and repeatedly – mishandled Huawei's packages. Regardless of whether there were any long-armed instructions behind the scenes, the incident should serve as an alarm bell to global companies about the safety of international delivery services.
Source: Global Times | 2019/6/4 20:08:40

Allianz picks brave moment to double down on UK amid Brexit, growing competition

Allianz has picked a brave moment to expand in the United Kingdom. The German insurer on Friday announced it was spending 820 million pounds ($1 billion) to bulk up its car, pet and home insurance businesses in Britain. That will boost scale, but competition and looming regulations will make it hard to make a decent return.
Source: Global Times | 2019/6/4 20:03:40

Austerity more of financial interest tool than solution

Harvard University Professor Alberto Alesina has returned to the debate on budget deficits, austerity, and growth. Back in 2010, Alesina told European finance ministers that “many even sharp reductions of budget deficits have been accompanied and immediately followed by sustained growth rather than recessions even in the very short run.” Now, with fellow economists Carlo Favero and Francesco Giavazzi, Alesina has written a new book titled Austerity: When It Works and When It Doesn't, which recently received a favorable review from his Harvard colleague Kenneth Rogoff.
Source: Global Times | 2019/6/4 19:53:42

Unreliable entity list to focus on US technology firms

Let's guess who is likely to be among the first batch of entities on China's “unreliable list” of foreign companies, organizations and individuals as the trade war with the US continues to escalate.
Source: Global Times | 2019/6/3 19:58:40

China's growth miracle over past three decades underlines strategic choice at critical moment

The Chinese economy has experienced a period of unprecedentedly rapid growth over the past three decades. China's GDP skyrocketed to 90 trillion yuan ($13.25 trillion) in 2018 from 1.72 trillion yuan 30 years ago, with an amazing average annual growth rate of about 9 percent. The 30-year period also saw remarkable improvement in Chinese people's living standards, with the per capita disposable income of urban residents soaring from 1,374 yuan to 39,251 yuan.
Source: Global Times | 2019/6/3 19:58:39

Hedge funds see honey in Japan's value traps, but arguing with market forces remains dangerous

Hedge funds see honey in Japan's value traps. Companies from the Land of the Rising Sun dominated pitches at Hong Kong's Sohn Conference on Thursday. They pointed to signs of unjustified panic in the country's equities slump, creating opportunities to buy low. But even optimists highlighted the persistent cash hoarding and slack governance that have long scared investors away.
Source: Global Times | 2019/6/3 19:02:40

CPEC can withstand questioning, security concerns

The port city of Gwadar in the southwestern Pakistani province of Balochistan, the centerpiece of the China-Pakistan Economic Corridor (CPEC), has been in the limelight recently, as a local five-star hotel frequented by foreign and Pakistani politicians and business people was stormed by multiple gunmen in May, stirring security concerns over projects under CPEC. Apart from security concerns, voices featured prominently in some Western media calling the economic corridor a “debt trap” for Pakistan seem to have clouded the multi-billion-dollar flagship project of the China-proposed Belt and Road Initiative, which has made progress in recent years in areas including energy, transportation and port construction. Such worries are largely illusions, a reflection of misunderstandings about China-Pakistan relations, notably CPEC, through the lens of Western media, Muhammad Naseem Khan Achakzai (Naseem), executive director of the Center for Sustainability Research and Practice at the University of Lahore in Pakistan, said in an exclusive interview with the Global Times (GT) in Beijing. In addition to dispelling undue fears over the flagship project, the Focal Person of Chief Minister of Balochistan's Task Force on Youth, Sustainable Development Goals also shared his thoughts on the future of China-Pakistan cooperation.
Source: Global Times | 2019/6/3 18:48:39

An FTA with Beijing can facilitate Modi's economic goals

US President Donald Trump's decision to end US preferential trade treatment for India as of Wednesday is not surprising. The US merchandise trade deficit with India was $21.3 billion in 2018. Prime Minister Narendra Modi's new government must prepare for a trade conflict with the US as Trump tries to reduce that deficit.
Source: Global Times | 2019/6/2 20:26:59

China's unreliable entity list serves as a strike back against the 'American Trap'

The Ministry of Commerce announced on Friday that China will create an “unreliable entity list” to include foreign entities and individuals that block or cut supplies to Chinese companies, take discriminatory measures for non-commercial reasons or whose actions endanger the business of Chinese companies and China's national security.
Source: Global Times | 2019/6/2 19:18:40

In dealing with Facebook, FTC should shun pricey settlement in favor of bigger, riskier move

The US Federal Trade Commission may want to play its biggest, yet riskiest, hand. The US regulator is working with Facebook on a pricey settlement after the social network failed to protect consumer data. But a lawsuit against Mark Zuckerberg's firm might produce more significant sanctions.
Source: Global Times | 2019/6/2 15:58:39

B&R Initiative helps China counter US bullying

The world has been witnessing the difficulty in the US to tame a roaring and increasingly destructive force in the White House.
Source: Global Times | 2019/6/2 15:53:39

Belt & Road Initiative helps China counter US bullying

The world has been witnessing the difficulty in the US to tame a roaring and increasingly destructive force in the White House.
Source: Globa Times | 2019/6/2 0:24:25

China contributes to global AI governance

Artificial intelligence (AI) has become one of the hottest phrases, both in China and elsewhere. The increasing applications for AI will bring profound changes to the development of human society. As such, AI governance has also become a hot issue.
Source: Global Times | 2019/5/30 21:14:04

US tech firms' market shares a trump card for China

Now may be the time to worry about the tech-heavy NASDAQ as US President Donald Trump steps up his trade war by targeting Chinese technology companies such as Huawei.
Source: Global Times | 2019/5/30 21:13:40

Fiat-Renault deal leaves lonesome Peugeot in the dust with few potential M&A suitors

Picture Carlos Tavares alone on a dance floor watching Fiat Chrysler Automobiles embrace his love rival Renault. The lonesome Peugeot chief executive has a few fallback options, but those pairings lack the chemistry that existed between Tavares and his Italian-American suitor.
Source: Global Times | 2019/5/30 18:36:03

China's UHV development offers lessons for US

China's push for power transmission efficiency and smart energy use ought to provoke questions about what other global energy consumers, including the US, are supposed to do to improve energy sufficiency and efficiency.
Source: Global Times | 2019/5/30 18:23:42