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Transition to 5G telecoms network offers China chance to shape global standards

As it makes strenuous efforts to develop mobile technology for the fifth-generation (5G) mobile network, China has an unprecedented opportunity to remake itself from a follower into a leading innovator in the telecommunication industry.
Source: Global Times | 2017/10/19 23:08:39

Improved rule of law a boon for China's economy

There is every reason to believe that many corporate executives are waiting for more direction from the 19th CPC National Congress before making investment decisions and drawing up development strategies.
Source: Global Times | 2017/10/19 23:08:39

Amid continuing scandals, Japan needs a rethink

On October 16, a fleet of Hitachi-built high-speed trains bought by the British Great Western Railway Corporation (GWR) started operation, on a route from Bristol to London, but it wound up as a total failure as severe delays and water leakage interrupted the journey.
Source: Global Times | 2017/10/19 19:58:39

Indonesia needs more progress on pledged improvements to stave off slowdown

Few central banks have been busier over the last 22 months than Indonesia's. Despite eight easing moves, however, growth is stuck at 5 percent, lagging China, India, the Philippines and Vietnam. Consumer spending was down an average 1.1 percent in July and August year-on-year.
Source: Global Times | 2017/10/19 19:48:39

What Western observers get wrong in assessing China

China's “four great new inventions” – high-speed trains, e-commerce, mobile payments and shared bikes – have drawn global attention. But there are widespread misconceptions about the world's second-largest economy. Yukon Huang (Huang), a senior fellow at the Carnegie Endowment for International Peace (CEIP) and a former World Bank country director for China, recently visited Beijing to discuss his book Cracking the China Conundrum: Why Conventional Economic Wisdom is Wrong. On Monday, just ahead of the start of the 19th National Congress of the Communist Party of China (CPC) on Wednesday, he spoke with Global Times reporter Li Qiaoyi (GT) in an exclusive interview.
Source: Global Times | 2017/10/18 23:28:39

Xi's speech to CPC Congress offers crucial insights into China's direction, global role

The speech by General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping delivered Wednesday at the opening session of 19th CPC National Congress aroused heated discussion at a time when the world is eager to know how changes in China will affect the global economy.
Source: Global Times | 2017/10/18 22:33:39

Solutions to urban pollution may prove complex

Major cities in China and around the world are often shrouded by smog, and this can be exacerbated if they are located in a valley, sheltered from wind. This dirty fog becomes dangerous when sunlight reacts with nitrogen compounds often emitted from vehicle exhaust, especially from diesel, as it forms ozone that attacks weak respiratory systems.
Source: Global Times | 2017/10/18 20:58:39

RBR aiming to unlock hidden value in Credit Suisse but breakup faces conundrum

Calls to action are designed to provoke an immediate response. Such imperatives are understandable in the case of Credit Suisse. Shares in the Swiss lender are 13 percent below the price at which it raised money from investors in 2015 and have underperformed the STOXX Europe 600 Banks index by 23 percent since Tidjane Thiam became chief executive. Even so, a plan to split the Zurich-based group into three faces a capital markets conundrum.
Source: Global Times | 2017/10/18 20:53:39

Entrepreneurship education needs innovation focus

Education is an undertaking of long-lasting significance. Along with an upsurge of entrepreneurship in China, which seems to indicate that mass entrepreneurship has become a national obsession, a campaign-style entrepreneurship education has also become trendy among Chinese universities and colleges.
Source: Global Times | 2017/10/17 22:08:39

Success in maintaining food security in China contributes to global economic stability

China's grain production will likely remain above 600 million tons this year, news portal reported on Tuesday, citing estimates from the Ministry of Agriculture.
Source: Global Times | 2017/10/17 22:03:40

Global investors show their belief in China's economy

There has been a healthy net inflow of foreign capital into the Chinese mainland's securities market so far in 2017. Owing to the Shenzhen-Hong Kong and Shanghai-Hong Kong stock connect mechanisms, a large number of overseas investors now have access to the A-share market. From January to September 2017, the northbound net inflow totaled 155.5 billion yuan ($23.59 billion), exceeding the total amount seen in 2015 and 2016. Just in September, the northbound net inflow reached nearly 21 billion yuan.
Source: Global Times | 2017/10/17 19:03:39

Microfinance gets boost in India with deal for Bharat Financial but big risks remain

Microfinance in India is starting a new conventional life. IndusInd, a large private sector bank, has agreed to buy Bharat Financial Inclusion – the country's poster child for niche lending – in an all-share deal for $2.4 billion. That works out as a premium of 11.4 percent over the last trading price, or more if calculating from earlier in the year, when deal rumors started circulating. Either way, the terms look fair given concerns over the sustainability of independent pure-play lenders to the poor.
Source: Global Times | 2017/10/17 18:52:05

Surging household consumption gives new impetus to China's economic growth

While analysts generally expect a decline in China's GDP growth in the coming months, the country's central bank governor has said that the economy will probably expand 7 percent in the second half of this year.
Source: Global Times | 2017/10/16 21:38:40

CPC has crucial role in maintaining SOEs' uniqueness

It has been a year since President Xi Jinping delivered his State-owned enterprise (SOE) Party building speech, and the country has made considerable headway in building the role of the Communist Party of China (CPC) in SOEs and deepening reform of the State sector in its entirety. There has also been increased awareness of and confidence in the country's unique model of developing a modern State sector.
Source: Global Times | 2017/10/16 21:38:40

Clouds gather for Samsung as departing leader warns of 'unprecedented crisis'

Warning signs are flashing after another big quarter at Samsung Electronics. The South Korean group's top executive, Kwon Oh-hyun, unexpectedly resigned on Friday following record-smashing forecasts for operating profit. An early lead in memory chips has fuelled blistering earnings growth at Samsung despite legal woes. But as rivals circle, a widening leadership vacuum looks worrying.
Source: Global Times | 2017/10/16 21:03:39

B&R offers new hope for better global order

As China enters a new era in its rich history of peaceful power, a history based on sharing its values with the world as it did with the great inventions and philosophies of the past, it is important to reflect on the concept of socialism as it is promoted by China as a stable model of governance and prosperity.
Source: Global Times | 2017/10/16 21:03:39

India loses edge due to failure to build industrial base

Second-quarter economic figures show that India's manufacturing sector growth slowed sharply from 10.7 percent a year earlier to 1.2 percent, leading to only 5.7 percent GDP growth – far below the anticipated level of 6.5 percent and the worst performance since 2014.
Source: Global Times | 2017/10/15 19:18:39

Reducing trade with China, US represents just wishful thinking for South Korea

A senior South Korean official said last week that the country should reduce its trade reliance on the US and China, but that idea doesn't seem to be feasible in the real world.
Source: Global Times | 2017/10/15 19:13:40