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Slack debut takes direct listing closer to becoming a trend, bypassing traditional IPO route

Slack Technologies is onto something. The workplace-messaging service's direct listing turned into a blowout when its shares started trading on Thursday. Airbnb could be next – and that could make the direct listing process almost mainstream.
Source: Global Times | 2019/6/25 18:38:40

China, ASEAN share same interests pushing for RCEP

The 34th Association of Southeast Asian Nations (ASEAN) summit was held over the weekend in Bangkok, Thailand. As the ASEAN chair this year, Thailand hopes to promote the construction and development of the ASEAN community and to seek the sustainable development of relations with major dialogue partners outside ASEAN.
Source: Global Times | 2019/6/25 18:33:40

China cannot be absent from the era of global digital currency competition

Last week, Facebook released an official white paper for its cryptocurrency project Libra, a blockchain-powered stablecoin expected to arrive in 2020.
Source: Global Times | 2019/6/24 20:58:40

Fighting protectionism G20's top task amid trade war

Amid an impasse between the US and China, the G20 summit in Japan offers a platform where US President Donald Trump will be able to talk with Chinese President Xi Jinping, if all goes well. It is too early to predict the outcome, but the summit has rekindled hopes that the two sides may resume trade talks after negotiations to reach a broad deal left hanging last month.
Source: Global Times | 2019/6/24 20:53:40

New regulations in UK tax havens might still be plagued by old problems due to lack of enforcement

Secretive offshore UK tax havens could soon become slightly less shadowy. Jersey, Guernsey and the Isle of Man said on Wednesday that they would look at requiring companies registered there to publish their real owners on a public database by 2023.
Source: Global Times | 2019/6/24 20:08:40

Concerted efforts needed to repair eurozone defects

Earlier this year, I argued that in countries where interest rates are extremely low and public debt is considered safe by investors – making it less costly from both a fiscal and economic standpoint – larger fiscal deficits may be needed to make up for the limitations of monetary policy. The eurozone has now reached this stage.
Source: Global Times | 2019/6/24 20:03:40

US should not bring confrontation to 5G technology that requires connectivity

There is currently a heated discussion within the international media and governments around the globe regarding the 5G network.
Source: Global Times | 2019/6/23 22:33:47

Beijing can't let US play games with Iranian energy

As Washington and Tehran edge toward a flashpoint on Monday when new sanctions are scheduled to take effect, will the US use the sanctions as a way to pressure China to increase its energy imports from the US, and will the US-China trade war be a factor that determines US strategy on Iran?
Source: Global Times | 2019/6/23 22:33:40

Hong Kong's economic potential to be further tapped

The huge market and economic opportunities brought about by the rapid growth of the economy of the Chinese mainland are the strong support that Hong Kong needs for its further economic development. Hong Kong must also take up the role of a bridge that connects China and the world.
Source: Global Times | 2019/6/23 20:30:40

China's real estate prices expected to remain stable amid tightening regulations

House prices in China's major cities remained largely stable last month amid the country's tightening control of the real estate market, official data showed Tuesday.
Source: Xinhua | 2019/6/23 20:28:39

Impact of the economic dispute now reaching the US energy sector with negative consequences

The ongoing US-China trade disputes will have a negative impact on industries and jobs associated with energy in the US.
Source: Global Times | 2019/6/20 20:54:22

China should prepare for drawn-out trade war

The top leaders of China and the US are expected to meet at the G20 summit in Japan. Stock markets on both sides rallied in expectation of the two sides being back at the table to reach a trade deal.
Source: Global Times | 2019/6/20 20:43:40

'Bible tax' debate shows Chinese goods' significance

Many have been taking a close look at whether US tariffs imposed on Chinese goods will lead to a “Bible tax.”
Source: Global Times | 2019/6/20 20:38:41

Trade tensions on multiple fronts set the stage for US economic recession

While the US economy is about to break the longest economic expansion record in its history, recession forecasts have quickly made the headlines in recent days amid the continuing trade war and the weakening global economy.
Source: Global Times | 2019/6/20 20:38:40

Central banks can only nudge toward a greener world in response to climate change

Central bankers are professional worriers. So it's hardly surprising that they are increasingly fretting about climate change. When it comes to changing behavior, they can at best nudge rather than shove.
Source: Global Times | 2019/6/19 22:08:15

How can Western aid system step out of predicament?

Western media have lately tried to vilify China's foreign aid efforts, even coining the term “debt diplomacy” – a seemingly academic concept which is strange and aimed at attracting eyeballs – to suggest China's aid to other developing countries pushes those countries into debt traps. These unfounded claims originate from worries and anxieties over the West-led global development system.
Source: Global Times | 2019/6/19 22:07:14

'Fake news' about China trade dents credibility of US

As US President Donald Trump levels accusations of “fake news” and stirs up distrust of the media, he also keeps making mistakes when it comes to economic data and continues a trade war with China based on “fake” figures.
Source: Global Times | 2019/6/19 21:48:40

NPL ratios of China's smaller banks significantly lower than those of their global peers

Recent moves by China's central bank to offer liquidity to smaller banks, notably the liquidity support for Inner Mongolia-based Baoshang Bank have brought focus on the nation's banking cleanup. Baoshang Bank has been taken over by regulators since May 24 owing to serious credit risks the city commercial lender poses.
Source: Global Times | 2019/6/19 20:53:40