BUSINESS >> Comments

Expectations run high for 2nd Belt and Road Forum

The Second Belt and Road Forum for International Cooperation will be held in late April in Beijing. This summit will be highly important in terms of its participation and depth of issues under discussion. It is expected that representatives from 100 countries and regions will attend the event. Preparations are at their peak, as it will be a major diplomatic event in Beijing and the Chinese government grants it very high importance.
Source: Global Times | 2019/4/15 19:08:40

Drilling platform a breakthrough in South China Sea

Discussions over joint oil and gas exploration in the South China Sea could soon be stirred up once more, as China's first self-developed semi-submersible drilling platform completed its first deep-water well, a breakthrough for China's exploration of deep-water oil and gas in the South China Sea.
Source: Global Times | 2019/4/14 20:33:40

Trump's 'epic' trade deal tied to reelection calculation

Although the US and Chinese governments both claimed they are nearer to clinching a trade deal and putting a year-long tariff war behind them, the world probably has to wait for a few more weeks, if not months, before the two superpowers sit down and put ink on paper. The world ought to have the patience to see how the protracted tussle will play out.
Source: Global Times | 2019/4/14 20:33:39

China's residency relaxation needs to prevent talent drain

China's National Development and Reform Commission announced it would relax restrictions on hukou, the country's household registration system. To promote mobility of people, relaxing hukou is a crucial step in the right direction. However, complementary policies are necessary to counter potential side effects and to ensure they run accordingly. According to the draft measure, China will eliminate hukou restrictions in cities with 1 to 3 million people while relaxing rules in larger cities with populations between 3 to 5 million. Some have interpreted the move as a disguised attempt to loosen real estate purchases. However, a housing price surge could be the last thing to be concerned with regarding the policy's effects, which would be far-reaching, but not entirely positive.
Source: Global Times | 2019/4/14 18:38:40

Hedge fund's second appearance could help slim Sony down into a nimbler company

Dan Loeb's second appearance at Sony may be just what the Japanese conglomerate needs. The American activist's return as an investor in the $60 billion PlayStation-maker provides a catalyst for management to split the company into a pure-play chips business and a more focused-entertainment group coveted by Apple, Amazon and Netflix – and with more resources to fight them.
Source: Global Times | 2019/4/14 18:33:40

Trump's 'epic' trade deal tied to reelection calculation

Although the US and Chinese governments both claimed they are nearer to clinching a trade deal and putting a year-long tariff war behind them, the world probably has to wait for a few more weeks, if not months, before the two superpowers sit down and put ink on paper. The world ought to have the patience to see how the protracted tussle will play out.
Source: Globaltimes.cn | 2019/4/12 22:32:49

China's residency relaxation needs policy to prevent rural talent drain

China's National Development and Reform Commission announced it would relax restrictions on hukou, the country's household registration system. To promote mobility of people, relaxing hukou is a crucial step in the right direction. However, complementary policies are necessary to counter potential side effects and to ensure they run accordingly.
Source: Globaltimes.cn | 2019/4/12 20:29:07

More China-EU deals will bring prosperity but require time, trust and hard work

This week has seen China and the EU come together at a landmark summit that featured discussion at the highest level about how the flow of goods, services and capital between the two economic superpowers can benefit both sides. This is a sensitive subject. The backdrop of testy China-US trade talks and European governments' increased scrutiny of Chinese interest in strategically sensitive sectors are certainly dark clouds, but between them there is sunlight and hope for common ground.
Source: Global Times | 2019/4/11 20:28:13

China can't ditch state-led drive for high technology

The US produces only 5 percent of the world's lithium-ion batteries, some statistics show, lagging far behind China.
Source: Global Times | 2019/4/11 20:13:43

Planned cuts to SocGen just a start as trading unit might need radical restructuring

“I trade therefore I lose.” This version of René Descartes' famous maxim is probably not what Société Générale had in mind when naming its proprietary trading unit after the 17th Century French philosopher. Yet low returns are what the division tended to deliver. Closing it down, and pulling out of commodities trading, is a logical but insufficient response to SocGen's mediocre investment banking performance.
Source: Global Times | 2019/4/11 16:13:40

India's demographic dividend may risk turning into a time bomb

If India cannot speed up reforms to create employment opportunities and accumulate national wealth, then after two or three decades, it will face disastrous consequences as the population ages. At that time, India will be an aging and poor country. That's why it must now find a way to clear this “demographic time bomb.”
Source: Global Times | 2019/4/11 16:13:40

US can't be Myanmar's bargaining chip against China

A team of US economists, diplomats and lawyers was dispatched to Myanmar to “scrutinize contracts, flag bad deals, and empower the country to push for better terms with Chinese agencies and companies,” the Wall Street Journal reported, amid concerns that a Chinese-funded deep water port may land Myanmar in a so-called debt trap.
Source: Global Times | 2019/4/10 21:13:39

What is the truth about the Indian economy?

India will kick off a six-week-long election starting Thursday. As the election nears, the debate over the Indian economic situation has revved up. The incumbent Bharatiya Janata Party (BJP) has turned in a shining record as GDP growth from 2014 to 2018 remained steadily at and above 6.7 percent, placing it in the top spot among major economies.
Source: Global Times | 2019/4/10 16:12:26

Shareholders will bear the costs as more countries pass laws regulating online content

Tech companies and open-internet campaigners think of the web as a neutral, global platform. That vision may become a relic of the past as countries including Britain and Australia speed through their own standards for acceptable online videos, pictures and articles. As new laws give teeth to local regulators, web groups' margins may suffer.
Source: Global Times | 2019/4/10 16:08:40

Will Vietnam become the next 'world's factory' as production moves away from China?

The Vietnamese economy has been touted as a major beneficiary of the US-China trade war as companies are reportedly relocating factories to Vietnam to rebuild their supply chains. Whether the Southeast Asian country can replace China to become the next “world's factory” has become a hot topic of discussion.
Source: Global Times | 2019/4/9 20:03:40

Rational China approach can boost Indian jobs

During the 2014 election campaign, India's Bharatiya Janata Party (BJP) said the country had been led through “10 years of jobless growth by the Congress-led UPA Government,” and promised that after coming to power, it would “accord high priority to job creation,” according to Indian media reports. Five years later, similar accusations over “jobless growth” have rebounded on the BJP itself, as the Congress party highlights job creation in its election manifesto.
Source: Global Times | 2019/4/9 20:03:40

Saudi Aramco is big, but not big enough when it comes to hitting target valuation

Saudi Aramco is enormous – staggeringly so. Yet by one measure that matters a lot – the $2 trillion valuation envisaged by Crown Prince Mohammed bin Salman – it's still not enormous enough.
Source: Global Times | 2019/4/9 15:58:40

AI governance opens Pandora's box of questions

On the sidelines of the last World Economic Forum meeting in Davos, Singapore's minister of communications and information quietly announced the launch of the world's first national framework for governing artificial intelligence. While the global media have glossed over this announcement, its significance reaches well beyond the borders of Singapore or the Swiss town where it was made. It is an example that the rest of the world urgently should follow – and build upon.
Source: Global Times | 2019/4/9 15:58:39