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As millennials flee due to costs and climate change, Silicon Valley's loss will be other cities' gain

Silicon Valley has a millennials problem. Recent surveys show young adults want to leave the San Francisco area. Of the seemingly intractable issues they cited as reasons, few are new. But they're now threatening the region's ability to attract and keep talent.
Source: Global Times | 2019/4/21 19:41:36

Chinese firms to be pragmatic on political changes in SE Asia

Influenced by factors such as general elections, the political situation in Southeast Asia has entered a new round of instability in recent years. Some Southeast Asian countries have even experienced the rotation of ruling parties that have not been seen for more than half a century.
Source: Global Times | 2019/4/21 19:31:13

Time to rethink China's e-commerce business model

US-based internet giant on Thursday said it is notifying customers that it will no longer operate a marketplace nor provide seller services on its Chinese website from July 18, Reuters reported. Amazon's withdrawal is ringing alarms for China's e-commerce sector.
Source: Global Times | 2019/4/18 20:53:40

International energy market uncertainties may complicate the Fed's interest rate decision

The US Federal Reserve changed its hawkish stance in the March Fed meeting by signaling no rate hikes this year. Moreover, even US President Donald Trump and his top economic advisor Larry Kudlow have been calling on the Fed to cut interest rates these days.
Source: Global Times | 2019/4/18 16:30:01

Chinese companies should seize 17+1 opportunity to explore Croatian market

Chinese businesses need to seize the opportunity of the 17+1 format to explore the Croatian market to contribute to prosperity and stability of both sides.
Source: Global Times | 2019/4/18 14:33:40

Share surge is a bet China is back on track with stock investors encouraged by lending rebound

The world's second biggest economy may be getting back on track, at least judging by the 35 percent rise in the benchmark CSI300 index so far this year. Growth may have been lackluster in the first quarter, but stock investors are optimistic, encouraged by an impressive lending rebound. The test will be how long these animal spirits alone can keep momentum going.
Source: Global Times | 2019/4/18 14:28:40

'996' overtime schedule can help India catch up with China

While a boycott of Chinese products in India gets under way, China is caught up in a nationwide discussion over the “996” overtime schedule: working 12 hours a day from 9 am to 9 pm, six days a week. The two cases, seemingly unrelated to each other, in fact have their own inherent logic.
Source: Global Times | 2019/4/17 21:49:27

China's economy is regaining traction, thanks to stimulus, technology investment, BRI

Following careful and substantive fiscal and monetary pump-priming, China's economy is regaining traction, as the country's newest statistics reported cozy 6.4 percent GDP growth for the first three months of 2019. A massive stimulus package, increasing investment and output of high-tech industrial lines have fired up the once sputtering engine.
Source: Global Times | 2019/4/17 21:38:40

China-EU tech links can mend tech world's split

Closer tech links between China and Europe, a trend that's already catching on, could be the smartest way to mend the tech world which has been split apart by the unruly US government.
Source: Global Times | 2019/4/17 19:08:41

Alliances in emerging markets leave Uber tangled in competitive knots with local partners and rivals

Uber's tangled alliances are getting messier. The US ride-hailing giant's imminent IPO, set to value it at as much as $100 billion, has laid out details of deals struck in recent years as it pulled out of hyper-competitive markets like China, taking stakes in local rivals instead. The pacts look worryingly asymmetrical, though, tying up mostly Uber.
Source: Global Times | 2019/4/17 19:03:41

Trump's 5G remarks ignore the internet's spirit of openness, sharing and innovation

In this 5G competition, China has many advantages that we didn't have in the past, such as the technical experience of Huawei and ZTE in equipment, more than 800 million internet users, and internet giants like Baidu, Alibaba and Tencent.
Source: Global Times | 2019/4/16 21:43:41

China can use new strength to gain from talent flows

A new round of talent flows has emerged in the world amid a Cold War mentality adopted by some US politicians to crack down on Chinese high-tech companies.
Source: Global Times | 2019/4/16 21:43:40

US has to review aggressive stance as China triumphs

After a dismal February, China's dollar-denominated exports rebounded with growth of 14.2 percent in March. Total trade contracted by 1.5 percent to $1.03 trillion for the first quarter of 2019 largely because of a 4.8 percent drop in imports.
Source: Global Times | 2019/4/16 19:18:40

Banco Santander makes shareholders of Mexican subsidiary a $2.9b offer that's hard not to refuse

Banco Santander has made shareholders in its Mexican unit a proposal they can refuse. The Spanish bank on Friday offered investors in Santander Mexico the chance to swap their shares for stock in the parent company. Despite a 14 percent premium, the deal is unenticing. Investors should hold out.
Source: Global Times | 2019/4/16 19:13:40

India's trade deficit with China finally reduced!

India cut its trade deficit with China by the most in more than a decade, Bloomberg reported Tuesday, mainly because of a sizeable increase in exports by India who won market access last year for sugar, rice, pharma, and a range of products exported to China.
Source: Global Times | 2019/4/16 16:03:48

Struggles of Chinese delivery staff merit more attention

An internal letter attributed to Liu Qiangdong, founder of Chinese e-commerce giant, said JD Logistics ended the base salary for delivery staff because the subsidiary must end a 12-year string of losses through reforms. If losses continue at the current scale, the subsidiary would only have enough money for two more years, Liu said.
Source: Global Times | 2019/4/15 20:38:40

BRI creates new Asian paradigm for global economic integration and inclusiveness

The world has been closely following the Belt and Road Initiative (BRI) since it was announced in 2013. The idea started with developing a platform and financial mechanisms that would integrate developing nations into China's drive for a more cohesive economic policy and build much-needed infrastructure that developing nations need to make the jump to the fifth industrial revolution and take part in the 21st century economic framework.
Source: Global Times | 2019/4/15 20:33:40

A $100b IPO price tag could give Uber extra mileage in a long race against losses and rivals like Lyft

A $100 billion price tag is still in Uber Technologies' driving range. The ride-hailing app just released the prospectus for its initial public offering, which could value it at about nine times 2018 revenue. At least that's less than the multiple at which faster-growing Lyft went public. Both cash-burning firms face an uncertain road to profitability. Uber's diversification may help it survive the long journey
Source: Global Times | 2019/4/15 19:13:40