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China's development model belongs to the world

As globalization goes deeper, economic and trade ties between China and most other countries in the world have seen rapid growth. In this new era of high interconnectivity and win-win cooperation, China has learned from the development experience of countries worldwide with a humble attitude and honest diligence to form its unique “socialism with Chinese characteristics” development model. In this process, China borrowed experience from the world's most developed countries and set foot on a development path that was suited to its own situation. This model has powered the economic take-off and soaring growth of China.
Source: Global Times | 2018/12/17 18:38:40

Chinese companies must prepare for worst-case scenario in ongoing trade dispute with US

Some people believe downward pressure on the US economy will give the White House less leeway to carry out a trade war, easing tensions with China, but this is not necessarily the case.
Source: Global Times | 2018/12/16 21:23:00

AIIB should broaden horizons to gain global impact

The Asian Infrastructure Investment bank (AIIB) has had global ambitions ever since its establishment in December 2015. The bank has “three global goals” – global recruitment, global procurement and global investment prioritizing Asia.
Source: Global Times | 2018/12/16 21:07:34

Drinks giant Pernod lagging behind Diageo but with better governance it could catch up

It's getting increasingly crowded at the bar for shareholder activists in Europe, but it's still possible to get a good drink. Elliott Advisors, the US hedge fund manager, has found another decent tipple in the form of Pernod Ricard, the French purveyor of booze such as Absolut vodka and Chivas Regal whisky.
Source: Global Times | 2018/12/16 19:58:40

Huawei executive arrest calls for new global strategy

The recent arrest in Canada of Huawei CFO Meng Wanzhou has brought uncertainty to the negotiations during the current China-US trade truce.
Source: Global Times | 2018/12/16 19:58:39

Focus on industrial cooperation with China better option than restricting e-commerce

India is considering imposing restrictions on online purchases of goods from Chinese e-commerce platforms, the Indian newspaper Economic Times (ET) reported. Import restrictions may be a very unpopular policy in India because it will push up the cost of living for local people.
Source: Global Times | 2018/12/13 22:12:04

China's unique development path offers key lessons

Forty years of reform and opening-up have changed the destiny of the Chinese people, as well as the world. It is a great economic, social and political development with historical significance.
Source: Global Times | 2018/12/13 22:03:41

Africa needs to switch focus from Europe to China

While the world has come to peace with the emerging role of China in Africa, where its win-win strategy has provided African nations with an alternative way to develop their economies, the new round of opening-up as envisioned by Beijing is set to offer for the first time a clear commitment to support African exporters in engaging with China on a larger scale.
Source: Global Times | 2018/12/13 20:48:41

US lawmakers continue to exhibit worrying ignorance when facing tech challenges

A grilling of Google chief Sundar Pichai revealed that Congress is still searching for a clue. The US lawmakers he faced on Tuesday failed to land a blow, and seemed ill informed about what the search engine actually does. The knowledge gap is risky for tech firms because it increases the risk of regulation that misses the mark.
Source: Global Times | 2018/12/13 20:48:41

China's sincere moves to defuse trade tensions should be met with similar steps by US

As China is trying to act on its previous commitments to bring an end to the trade war, the US should not create additional obstacles to trade talks by rogue means.
Source: Global Times | 2018/12/12 21:03:39

New ideas can drive China's era of reform, growth

Every time there is economic difficulty, new ideas arise to drive reform and opening-up. If China can take the 40th anniversary of reform and opening-up as an opportunity to launch a new round of ideological emancipation, another round of reform and opening-up will occur, spurring new economic growth.
Source: Global Times | 2018/12/12 20:13:40

Overseas cooperation vital for VR sector to succeed

While there has been much discussion of the tech world rivalry and competition between China and the US, the sphere of immersive technologies arguably calls for greater joint collaborative efforts. This may yet make it possible to create a virtual wonder world as attractive as the OASIS in Steven Spielberg's sci-fi movie “Ready Player One.”
Source: Global Times | 2018/12/12 19:28:41

Investors should be wary as global stock market valuations still appear over-priced

Are global equities cheap yet? After two sharp corrections in February and October 2018, investors will be running their rules over stock-market valuations. They should be wary of falling victim to a value trap.
Source: Global Times | 2018/12/12 19:28:40

Financial reform becomes urgent as economy slows

A McKinsey report titled China's Choice: Capturing the $5 Trillion Productivity Opportunity resurfaced recently. According to its calculations, China's financial sector generated more than 80 percent of the country's total economic profits in 2015. It is not healthy to see economic profits highly concentrated in the financial sector, which is to the detriment of economic development.
Source: Global Times | 2018/12/11 19:59:27

Opening-up, cooperation only way for China to convince world of technology prowess

While the US has resorted to various means to target Chinese tech giant Huawei, China will beat back any efforts to contain its technological advancement by furthering opening-up and cooperation.
Source: Global Times | 2018/12/11 19:54:04

China's lower-tier cities offer big market opportunity

All opportunities come from contradictions and variations, as is the case with stocks – without rises and falls, no one would have the opportunity to make a profit. Therefore, it doesn't necessarily matter whether the market is currently on a downward spiral or an uptrend. So long as the contradictions and opportunities are identified, there will be ways to make money. The principal contradiction facing Chinese society now is the one between unbalanced and inadequate development and people's ever-growing needs for a better life, according to the report following the 19th National Congress of the Communist Party of China.
Source: Global Times | 2018/12/11 19:43:40

Meituan harming itself further with unsavory opacity over corporate problems

Distasteful disclosure practices are spoiling some Chinese food delivery ventures. Meituan Dianping, operator of the country's biggest food delivery app, fired one employee and referred others to police after an internal corruption probe. It only reported the news in Chinese, and didn't flag it before its IPO. Once-reported metrics have also gone missing. Such opacity is unappetizing.
Source: Global Times | 2018/12/11 19:43:39

Changing times call for flexible policy response

Expectations have played an important role in decision-making in the trade row between China and the US. The irrational expectations of some American politicians involving the Chinese economy are an important driving force behind the US' tough policy in the conflict.
Source: Global Times | 2018/12/10 20:58:57