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Deteriorating situation in Venezuela serves as warning for overseas investment

The continually worsening social and economic conditions in Venezuela have reinforced fears that the oil-rich country, once the wealthiest in Latin America, could be on the verge of a civil war.
Source: Global Times | 2017/8/8 22:08:39

Beijing needs to manage investment risk in Venezuela

A controversial election in Venezuela voted in 545 members of a new constituent assembly on Sunday, which will have the power to rewrite the country's 1999 constitution. The vote has escalated turmoil in the South American nation.
Source: Global Times | 2017/8/8 22:03:40

Telecom giant China Tower IPO in Hong Kong likely to lure international investors

The signals are good for a huge telecoms infrastructure listing. China Tower, owner of the world's biggest collection of telecoms towers, is preparing an IPO in Hong Kong of up to $10 billion, Reuters says. At the right price, it should be well received.
Source: Global Times | 2017/8/8 22:03:39

Boosting rental home market requires more reforms

Only if China makes efforts that go well beyond the pilot program, can housing speculation be fundamentally eased.
Source: Global Times | 2017/8/7 21:53:40

KFC's track record of success in mainland consumer market confirms wisdom of reform, opening-up

It has been nearly three decades since US-based fast food chain Kentucky Fried Chicken (KFC) entered the Chinese mainland market. The story of its development in China reflects not only the success of the Western restaurant chain's cross-cultural operation, but also the fruition of China's reform and opening-up.
Source: Global Times | 2017/8/7 21:53:39

China needs to lead in new multistakeholder world

The public seems only to notice the G when the media announces the world's wealthiest nations are meeting once more in some town or another. The 2017 annual G20 – including the US, China, Argentina, Australia, India, Germany and so on – recently met in Hamburg, Germany. Previously the heads-of-states and their many ministers had met in Hangzhou, China; Serik, Turkey; Brisbane, Australia – and originally in 2008 in Washington, DC, though their finance ministers had met annually following the 1998 Asian financial crash.
Source: Global Times | 2017/8/7 20:43:40

Pay slash for UK's top corporate leaders uncovers compensation guesswork

A pay cut for Britain's top corporate leaders shows how setting compensation for chief executives is more of an exercise in guesswork than an exact science. The average CEO of a FTSE 100 company took home 17 percent less last year despite buoyant markets. Cutting their remuneration assuages public opinion but also underscores the problems companies face when trying to link pay with boardroom performance.
Source: Global Times | 2017/8/7 20:43:39

Financial risk can't be ignored amid restructuring

Since mid-2016, the importance of risk prevention has gained frequent mention at meetings at various levels in China. The recently concluded National Financial Work Conference, held only once every five years, clearly stated that the nation needs to guard against financial risks.
Source: Global Times | 2017/8/6 20:23:39

Aggressive economic, tax reform may be hurting India's performance in short term

It comes as no surprise that Indian business activity contracted sharply after the implementation of a new national tax in July. Questions are being raised about whether the country's reform program is too aggressive and how long the economic sluggishness will last.
Source: Global Times | 2017/8/6 20:23:39

Sogou IPO depends on close ties with Tencent for generating Wall Street heat

Baidu rival Sogou is planning an IPO in the US. But convincing investors to back a distant No.2 in China's mobile-search market could be tricky. Sogou's relationship with backer Tencent will be key.
Source: Global Times | 2017/8/6 20:18:39

Risky investments may squander sweat of masses

Recently, conglomerates including Fosun, Wanda and HNA that were in the limelight for large-scale overseas investment have responded to new announcements by the government demanding rationality in overseas investment. Guo Guangchang, chairman of Fosun, said he believes that the recent regulations aiming to stem chaos in Chinese overseas investment are very necessary and timely. Wanda CEO Wang Jianlin has also taken the initiative to say that his company has decided to make their main investments in China.
Source: Global Times | 2017/8/6 20:18:39

Tensions with US a chance to build Sino-Russia ties

The US has started removing furniture and equipment from a diplomatic property in Moscow, according to Reuters, after Russia ordered the US to cut diplomatic staff in the country as retaliation for newly proposed US sanctions. People see little chance of an improvement in US-Russia relations in the near future. This creates a chance for Beijing and Moscow to enhance interaction and communication with each other. China can consider providing assistance to Russia to help the country cope with the impact of proposed US sanctions.
Source: Global Times | 2017/8/3 20:38:39

EU should encourage Central and East Europe to develop trade ties with China

In recent years, China-EU cooperation has become an important driving force to promote globalization, but waves of anti-globalization and protectionism have also emerged in some developed European countries, pushing for the restriction of Chinese investment in Europe. Central and Eastern European countries actively adopted the Belt and Road (B&R) initiative and pushed for the development of “16+1” cooperation between Central and Eastern Europe and China, adding “positive energy” to Sino-EU cooperation.
Source: Global Times | 2017/8/3 20:38:39

Political change in Pakistan won't affect CPEC

On Tuesday, Pakistan's lower house of parliament elected Shahid Khaqan Abbasi as the country's new prime minister. The Supreme Court last week disqualified Nawaz Sharif from office over corruption charges. The political change Pakistan is undergoing has raised concerns that the multi-billion dollar China-Pakistan Economic Corridor (CPEC) may be adversely affected.
Source: Global Times | 2017/8/3 20:13:40

Transparency, managerial accountability can help cure problem of SOEs' overseas losses

A guideline that took effect on Tuesday governing outbound investment by State-owned enterprises (SOEs) is likely the start, not the end, of a new campaign to clamp down on financial risks after a wave of failed projects and deals led to a surge of debts among China's SOEs.
Source: Global Times | 2017/8/3 20:13:39

Misconceptions hamper Sino-India cooperation

Thanks to its ongoing economic reform and demographic dividend, India has become one of the most attractive investment destinations in the world. The prevailing view in international academic circles is that India will likely replace China as the new “world's factory,” which will be beneficial for China, India and even the world as a whole.
Source: Global Times | 2017/8/2 22:08:39

Legalizing foreign household staff can improve quality of labor for Chinese families

Although it's not legal for households on the Chinese mainland to hire foreign nationals for domestic household service work, Filipino maids are known by many Chinese people for their professionalism. So a media report that five Chinese cities including Beijing, Shanghai and Xiamen, East China's Fujian Province will open their doors to Filipino household workers has sparked heated public discussion in China.
Source: Global Times | 2017/8/2 22:03:39

Three steps for China to dominate global AI sector

Recently, China's artificial intelligence (AI) development has attracted domestic and international attention. The State Council issued a new plan to guide the development of China's AI from basic technology to practical applications. The British Economist magazine wrote that because of talent and data advantages, as well as the strong support of the government, China may catch up with the US in the field of AI. As an AI practitioner, I think it is possible that the China's AI technology can occupy the leading position in the world. The field will eventually narrow to a competition between US and Chinese technology.
Source: Global Times | 2017/8/2 21:33:39