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China has ample bargaining chips to use as it faces possible trade war with US

Speculation is mounting over China's possible countermeasures against controversial tariffs imposed by the US on imported washing machines and solar panels. Will US soybeans be Beijing's first target?
Source: Global Times | 2018/3/13 22:18:40

Dollar distress could boost yuan internationalization

Since China has become the largest customer for oil producers in the Middle East, the international environment has steered toward internationalization of the yuan. Especially since Donald Trump became US president in January 2017, the dollar has been weakening. The US' move toward protectionism and anti-globalization has caused anger around the world and undermined confidence in the dollar among international investors. This represents an opportunity for the yuan.
Source: Global Times | 2018/3/13 21:38:39

UBS will lose more than IPO fees if Hong Kong advisory suspension goes ahead

Old IPOs are bringing new problems for UBS. Hong Kong's securities regulator intends to suspend the Swiss bank from sponsoring local market debuts for 18 months. Fees for such advisory work may be marginal, but preserving the wealth management brand with Asian entrepreneurs will be a challenge.
Source: Global Times | 2018/3/13 21:28:40

China in race to catch up with US in AI revolution

Artificial intelligence (AI) is coming into full bloom, with the potential to bring dramatic change to our interaction with technology and related internet, computing processing products and services.
Source: Global Times | 2018/3/12 22:43:39

State ownership means there's little chance of systemic banking crisis in China

China is among the economies most at risk of a banking crisis, according to a report released this weekend by the Bank for International Settlements (BIS), which is often dubbed the central banks' central bank.
Source: Global Times | 2018/3/12 22:38:39

China must work to avert negative effects of CPTPP

In January, a year after the US announced its withdrawal from the Trans-Pacific Partnership (TPP), the 11 remaining TPP countries agreed on a new version of the pact: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Source: Global Times | 2018/3/12 21:23:40

Foxconn's accelerated IPO shows Beijing is serious about attracting tech companies

China is rolling out the welcome mat for technology companies. Foxconn, the world's largest electronics assembler and a key Apple supplier, is set to list a $50 billion-plus subsidiary in Shanghai. The speedy approval shows Beijing is serious about luring tech giants onto mainland exchanges.
Source: Global Times | 2018/3/12 21:23:40

Trump's trade tariff moves buck global trend

Most countries in the world, notably China and Germany – currently the dominant economic powers in Asia and Europe – hold a strong belief that only free trade can help inspire dynamic economies and foster healthy economic growth.
Source: Global Times | 2018/3/11 22:18:39

Vietnam can use B&R initiative, rail links to boost exports to China and beyond

Vietnam recorded a surprise trade surplus with China in February as a result of rising exports. There is a strong possibility that high growth in its exports to China can be maintained in the coming years.
Source: Global Times | 2018/3/11 22:13:40

China doing more than West to inspire innovation

From the early 19th century to the early 20th century, Western countries attributed their economic growth to the discoveries of “scientists and navigators.” A country needed only the “zeal” to develop “obvious” commercial applications, and build the facilities to meet demand for new products.
Source: Global Times | 2018/3/11 21:23:40

Asia's boardrooms gradually including more women but further progress needed

Women are creeping into Asia's boardrooms. Although one-fifth of the firms in Hong Kong's Hang Seng Index (HSI) still have all-male boards, new appointments of female directors are rising. The next task, in the city and elsewhere in the region, is to ensure women are present in sufficient numbers for companies to reap the full rewards of diversity.
Source: Global Times | 2018/3/11 21:23:39

Giving credit where due can help cut systemic risks in China

A critical gap in China's financial landscape, which is being transformed by the internet, is set to be filled with the central bank's recent issue of the nation's first personal credit-scoring license.
Source: Global Times | 2018/3/8 21:58:40

Pakistan's involvement in B&R initiative raises its profile, influence in South Asia

The image of Pakistan has improved as the country gives full support to China's Belt and Road (B&R) initiative.
Source: Global Times | 2018/3/8 21:53:40

Property tax not just aimed at taming home prices in China

China will “prudently advance legislation on real estate tax,” Premier Li Keqiang said on Monday while delivering his annual government work report at the opening of the 2018 two sessions. It is expected that the country will go one step further in rolling out a property tax nationwide, an arrangement that is common in most other countries.
Source: Global Times | 2018/3/8 21:38:39

US simplifies Qualcomm decision by complex means as Broadcom is forced to wait

Washington has waded into Broadcom's effort to buy rival chipmaker Qualcomm for $117 billion. The US foreign-investment watchdog has told Qualcomm to delay by 30 days its annual shareholder meeting, previously set for Tuesday. The agenda includes director elections that could give board control to nominees of Singapore-based Broadcom. It's a surprising twist in an already tangled situation. But it may remove a big unknown from the equation.
Source: Global Times | 2018/3/8 21:28:40

Modi's reforms will help India avoid risk of debt crisis

India's banking system has restructured more than 6 trillion rupees ($92.34 billion) in bad debts over the past three years. The recent $2 billion Punjab (PNB)-Nirav Modi fraud has made it worse.
Source: Global Times | 2018/3/7 22:33:40

Rising economy requires China to assume larger responsibility in global governance

China's economy is expected to overtake that of the eurozone in 2018, which means it has to assume more responsibility on global issues. China's GDP is forecast to reach about $13.2 trillion this year, beating the $12.8 trillion combined total of the 19 countries using the euro, Bloomberg said Wednesday.
Source: Global Times | 2018/3/7 22:33:39

More A-share progress needed to tempt tech giants

With supply-side reforms in China's domestic capital market gathering pace, there have been discussions about overseas-listed Chinese companies – mostly technology firms – potentially relisting in the A-share market. It has become a hot topic during the ongoing two sessions, with some tech bosses who are also deputies and members of the annual legislative and consultative gatherings expressing their willingness to refloat their companies at home.
Source: Global Times | 2018/3/7 21:03:39