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Sino-Nepalese trade plan will improve economic connectivity, benefit all South Asian nations

The Nepalese government recently announced that China will agree to allow the landlocked Himalayan nation to use some of its seaports. Considering around 98 percent of Nepal's third-country trade runs through India, a plan to connect the country with China will reduce its dependence on India.
Source: Global Times | 2018/9/9 22:43:39

AI 'gold rush' mentality in China might backfire

The sober reality ought to give more weight to efforts that will strengthen China's tech fundamentals, AI implementation in particular.
Source: Global Times | 2018/9/9 21:53:40

China, EU, Africa can benefit from working together

Europe, China and Africa are all unique and totally different, but they are increasingly interconnected. Despite aiming to achieve different goals and dealing with different problems right now, the solution for some of their main concerns may lie in greater EU-China cooperation.
Source: Global Times | 2018/9/9 19:43:40

Indonesia's best strategy for defending rupiah would be to stick to path of reform

The best way for Indonesia to defend its currency may be to keep a cool head. A dramatic sell-off in emerging markets has pushed the rupiah to its weakest level against the dollar since the 1998 Asian financial crisis. Policymakers appear rattled, but measured approaches are available.
Source: Global Times | 2018/9/9 19:43:39

Beijing must prepare counterattack for Washington's effort to restrain high-tech development

Washington's trade dispute with Beijing doesn't seem to have helped the US stave off its chronic illness of running a trade deficit – at least not yet. The US trade deficit rose to a five-month high in July as exports sank 1 percent from June to $211.08 billion.
Source: Global Times | 2018/9/6 21:33:42

US trade measures could trigger new global crisis

Given the recent trade friction provoked by US President Donald Trump, there has been increasing concern over the impact of protectionism on global economic growth. There is a danger that financial risks may interact with each other to become bigger, eventually forming a “perfect storm.” And there are already signs that a new financial crisis may be brewing.
Source: Global Times | 2018/9/6 20:03:14

Nike courts political controversy with new ad campaign but risk may be worthwhile

Nike is putting a politically divisive foot forward. The sneaker group will feature Colin Kaepernick, the first US National Football League player to kneel in protest during the national anthem, in its “Just Do It” 30th anniversary ad campaign. Companies often shy away from politics, but in the commoditized sneaker trade, it's a risk worth taking.
Source: Global Times | 2018/9/6 19:48:41

Is US dollar's era of global dominance set to end?

As the US frequently slaps unilateral trade protectionism measures on other economies and could easily threaten yet others with economic and financial sanctions, many countries – including France, Germany, Turkey and Iran – have proposed to withdraw from the US dollar-based system and build a payments system independent of the dollar.
Source: Global Times | 2018/9/6 19:13:41

Case of JD.com's Liu offers lesson in complying with foreign laws, protecting investors

Three US law firms have reportedly announced that they are investigating whether China's e-commerce giant JD.com Inc issued misleading statements or failed to disclose information pertinent to investors after its CEO Liu Qiangdong was detained for a night in the US state of Minnesota last week on suspicion of alleged sexual misconduct.
Source: Global Times | 2018/9/5 22:28:42

Exchange rate mechanism matters more for China than yuan targets

Exchange rate determination is a complex process including both the exchange rate itself and its mechanism. Which one requires more attention? The mechanism is the factor China should focus on right now.
Source: Global Times | 2018/9/5 22:28:41

US has more to lose from antagonizing 1.4b buyers

According to US media reports, President Donald Trump is considering taking further tough trade measures against China. Most of the reports indicated that he will go ahead with an earlier proposal to impose 25 percent tariffs on $200 billion worth of Chinese imports.
Source: Global Times | 2018/9/5 20:33:41

Early success of Shanghai crude futures contract threatens duopoly of Brent, WTI

Shanghai's early success with its new oil market is beginning to threaten the duopoly of Brent and WTI. In four months, the yuan-denominated crude futures contract has built a 7 percent share of global crude turnover. Beijing is on the way to building a credible benchmark.
Source: Global Times | 2018/9/5 20:33:40

Positive views of China-Africa ties are mainstream

Since the beginning of the 21st century, China and Africa have added depth and breadth to their bilateral cooperation. This, along with China's growing popularity in Africa, has drawn particular attention from developed European countries, the US and some emerging economies.
Source: Global Times | 2018/9/4 22:23:40

Job-creating small firms in China need support to weather pressure of trade dispute with US

South China's Guangdong Province, one of the nation's leading industrial areas, is having a hard time combating downward pressure in its manufacturing sector. Amid escalating trade friction with the US, maintaining industrial growth momentum should be a top priority for the Chinese economy.
Source: Global Times | 2018/9/4 22:18:40

Currency swap deal would benefit China and India

China has stepped up the process of yuan internationalization in the last decade. China's fast economic growth and rapid globalization in recent decades have increased its influence in the world economy. As China has surpassed every other developing nation by a distance to become the world's second-largest economy, the internationalization of the yuan has become a matter of paramount importance for the country's policymakers.
Source: Global Times | 2018/9/4 20:03:39

Coca-Cola faces a hard grind to generate satisfying results from $5.1b purchase of Costa Coffee

Coca-Cola is paying a highly caffeinated price for a global coffee hit. The American soda giant has joined the battle to satisfy consumers' thirst for java by paying $5.1 billion for Costa Coffee, the world's second-largest chain of cafes. The deal requires Coke to order up new markets for hot drinks. Investors in seller Whitbread are the big winners.
Source: Global Times | 2018/9/4 19:58:40

Malaysia must look within to find barriers to economic development, not blame China

Malaysian Prime Minister Mahathir Mohamad was quoted by media reports as saying recently that Malaysians might not be able to compete with the Chinese if the latter were allowed into the country en masse. As prime minister, if Mahathir brings too much national sentiment into his comments on China and Chinese people, there will be plenty of things to worry about.
Source: Global Times | 2018/9/3 22:23:40

Battery technology breakthrough needed for EVs in China

Many have argued that the electric vehicle (EV) sector could finally be an area where China could surpass traditional car manufacturing powers such as Europe, the US and Japan, but without any technological breakthrough for batteries, such talk is just nonsense.
Source: Global Times | 2018/9/3 22:23:40