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India can't resolve Kashmir without economic ideas

New Delhi has been rewriting its policy on India-controlled Kashmir, but it seems to forget that economic support is urgently needed to safeguard regional stability.
Source: Global Times | 2019/8/18 20:20:47

China could play mediator role to help resolve Japan-South Korea trade friction

Tensions between Japan and South Korea have been escalating since July 1. Japan has since placed restrictions on three chemicals critical to South Korea's tech industry. Uncertainty exists within ongoing negotiations for the Regional Comprehensive Economic Partnership (RCEP), and the China-Japan-South Korea free trade agreement (FTA).
Source: Global Times | 2019/8/18 19:02:21

US, a manipulator of law, will be disappointed

On August 5, the US Department of the Treasury designated China as a currency manipulator. The decision amounted to an escalation of the trade war into a currency war, in the name of responding to China's yuan depreciation, which had broken the milestone point of 7 to the US dollar earlier that day.
Source: Global Times | 2019/8/18 18:13:39

US recession warning from financial markets bears conspicuous fingerprints

A US recession warning from financial markets has US President Donald Trump's fingerprints all over it. A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling.
Source: Global Times | 2019/8/18 18:03:39

Wise companies in Hong Kong ought to draw a clear line against violent protests

A group of violent protesters in Hong Kong organized a series of illegal rallies and violent protests that have had devastating effects on the local economy and people's well-being.
Source: Global Times | 2019/8/15 20:43:41

Trump's tariffs mean a less merry Christmas in US

If China plays the card of the holiday economy to hit back on the US in the trade war, Americans may have an unforgettable Christmas this year with price hikes for Christmas trees, plastic reindeer, glittery wreaths and even Bibles.
Source: Global Times | 2019/8/15 20:43:40

CBS-Viacom long-overdue merger seems more like a whimper than a Big Bang

CBS and Viacom, both controlled by the Redstone family, have agreed to a $30 billion reunion. Rogue chief executives, supine boards and dumb disputes gummed up the process. Hefty cost savings won't make up for the billions in lost value after three years in limbo.
Source: Global Times | 2019/8/15 18:30:51

US tariffs create distortions, failing economies

A 21st-century World War III has already begun and it is not a traditional one, where opposite armies and ideologies face each other in a conventional battlefield. This war is economic and asymmetric, and it risks leading to a total collapse of some economies and currencies. This could also create failed states.
Source: Global Times | 2019/8/15 18:13:40

Beijing won't abandon HK economy despite US threats

At a sensitive moment during the US-launched trade war, which has already wreaked havoc on the world economy, it's extremely dangerous to make Hong Kong a part of the China-US row and complicate the situation further.
Source: Global Times | 2019/8/14 20:48:41

Trade conflict will prompt China to develop a more independent monetary system

The China-US trade war began over a year ago, the US' economic bullying has since spread to the financial and currency sectors as the US has designated China as a currency manipulator.
Source: Global Times | 2019/8/14 20:48:40

New technology provides method to surpass SWIFT

US media reported on June 24 that three Chinese banks may be cut off from the US dollar transaction processing channel by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). This possibility has led to consequences that are more complicated than adding tariffs. The addition of tariffs impacts the amount of exports but it doesn't completely stop them, whereas the clearance and settlement channels are either on or off. Large and medium-sized commercial banks are the core assets of the Chinese stock market. Once international service is interrupted, the impact on the market will be considerable.
Source: Global Times | 2019/8/14 20:03:41

Great Britain's national power grid blows its fuse in politically unstable landscape

It's a bad time to be National Grid. The listed company tasked with overseeing Great Britain's gas and electricity networks had a day to forget on Friday. A major power cut left trains at a standstill and 1 million homes without power. Even if the blame lies with someone else, failure on this scale hands powerful ammunition to the company's critics.
Source: Global Times | 2019/8/14 20:03:40

Change needed in China-Africa immigration relations

The burgeoning China-Africa relations have been praised by many policymakers and technocrats. The alliance holds good prospects, which makes for a very exciting future between the two partners. One of the aspects of this is the increasing number of Chinese immigrants in Africa, and that of Africans in China as well.
Source: Global Times | 2019/8/13 22:04:42

US farmers face permanent loss of soybean market

Thanks to the US-launched trade war, China is turning to Russia for soybean supplies. Some American farmers consider this to be a temporary plan to fill the gap left after China curtailed imports of US soybeans, but those people may be deeply disappointed by the result.
Source: Global Times | 2019/8/13 20:38:24

China must focus on own development as Washington sets trade war fire in financial sector

Against the backdrop of the escalating China-US trade war, the yuan dropped below 7 – an important psychological level – against the US dollar on August 5. The US Department of the Treasury later designated China a currency manipulator in a move that further escalated the trade row. The exchange rate clash between China and the US has been widely interpreted as a trade war upgraded to a currency war or financial war. Some market analysts have even made predictions for the China-US financial war.
Source: Global Times | 2019/8/13 20:23:41

Uber-Lyft price-war truce will be temporary as user incentives look more attractive

The unofficial price-war truce between Uber Technologies and Lyft may soon be a distant memory. Both ride-hailing firms say they're being more rational with incentives, while user growth was steady. But expenses are rising. And a record $5.2 billion quarterly loss and drags from freight and food delivery put Uber under more pressure. Cutting prices may be a tempting way to boost core rides.
Source: Global Times | 2019/8/13 19:23:40

Global markets distorted amid the trade war

We have been continuously improving our efforts to open up to the outside world, and I believe that we are succeeding. However, we also see that some marked distortions have appeared in the global markets.
Source: Global Times | 2019/8/13 19:13:40

Brazil can leverage Huawei investment in race to 5G

China's telecom giant Huawei is considering building an $800 million plant in Brazil, the world's fourth-largest smartphone market. Huawei can help Brazil gain ground in the race to the forefront of 5G technologies, advancing the diversification of manufacturing in the Americas.
Source: Global Times | 2019/8/12 19:28:40