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US-Europe conflict drives the global trade war

The US government's simultaneous accusations against China and the EU regarding trade have had global repercussions. Trade between China, the EU and the US is 80 percent of global trade. If these three markets are involved in trade conflicts, it will certainly be a huge trade dispute of global scale.
Source: Global Times | 2018/7/4 23:08:46

Cooperation with Southeast Asia, B&R countries can help China avoid US tariffs

US tariffs on $34 billion of Chinese imports are set to take effect on Friday. Routing Chinese goods through Southeast Asian countries may help to avoid tariffs on Chinese exports.
Source: Global Times | 2018/7/4 23:08:41

China's financial sector won't suffer hard landing

The potential risk of financial panic has been occupying the headlines in foreign media reports recently. Amid stock market fluctuations and an increase in bond defaults, some investors' confidence in China's financial market has been shaken. But this lack of confidence will not limit China's progress.
Source: Global Times | 2018/7/4 22:08:40

Activist investor Dan Loeb struggling to promote more lively approach from Nestlé

Dan Loeb is hitting the limits of constructive activism at Nestlé. A year after disclosing he had taken a stake in the Swiss consumer giant, the activist investor has renewed his call to shake up its business and board. Though his ideas make sense, progress has been slow and the stock has lagged. That suggests a more muscular approach is needed.
Source: Global Times | 2018/7/4 22:03:40

EU immigration deal papers over Merkel's domestic weakness, Italy's new obstinacy

The EU's fudge-making skills have failed to hide the flaws in its recipe. After haggling all night, leaders on Friday struck a deal on migration that managed to satisfy Italy's new government while giving German Chancellor Angela Merkel something that may placate her conservative Bavarian allies. But the former's confrontational stance and the domestic weakness of the latter remain worrying fault lines.
Source: Global Times | 2018/7/3 23:23:40

Market fluctuations normal part of China's transition

Sagging mainland stocks, along with a bond correction and yuan weakness have led to concerns over the health of China's financial market amid lingering trade rows with the US. In an exclusive interview with the Global Times (GT) on Monday, Li Yang (Li), director-general of the National Institution for Finance and Development (NIFD) with the Chinese Academy of Social Sciences, discussed the nation's financial conditions and possible ways to cope with the problems facing the world's second-largest economy.
Source: Global Times | 2018/7/3 23:23:40

Opening-up is the only way out for A-share market

According to data from the China Securities Regulatory Commission, the number of accepted cases for China Depository Receipts (CDR) and Initial Public Offerings (IPO) totaled 307 as of June 21. In contrast, the number of firms under review reached as high as 665 in 2016. The difference of nearly 400 reflects that the IPO traffic jam has been alleviated.
Source: Global Times | 2018/7/3 23:03:08

Market volatility won't bring financial crisis in China, but risk prevention, fine-tuning needed

In a statement posted on the website of China's central bank, Governor Yi Gang said Tuesday that China has been closely watching recent volatility in the foreign exchange market and will “keep the yuan exchange rate basically stable at a reasonable and balanced level.”
Source: Global Times | 2018/7/3 22:58:40

China's reforms will further boost globalization

In 2018, China celebrates the 40th anniversary of its reform and opening-up. In his keynote speech at the opening ceremony of the annual Boao Forum for Asia Annual Conference in April, President Xi Jinping said China will complete its revision of the negative list on foreign investment in the first half of the year and implement an across-the-board management system based on pre-establishment national treatment and the negative list.
Source: Global Times | 2018/7/2 23:33:40

Vietnam could see 'Asian tiger' success if it continues opening its markets, handle disputes

Vietnam's manufacturing activity saw one of its biggest improvements in June since the survey began in March 2011, Nikkei Asian Review reported on Monday. Vietnam is now in a critical stage for ramping up its manufacturing capacity. If Vietnam can further integrate itself into the Asian industrial chain, the country may eventually become an advanced economy following the four Asian tigers of Singapore, Hong Kong, South Korea and Taiwan.
Source: Global Times | 2018/7/2 23:33:39

Trump continues to undermine himself on trade

US President Donald Trump recently launched a tirade against Harley-Davidson, the iconic American manufacturer of motorcycles. The cause of his outburst – accompanied by threats to impose taxes “like never before” on the company – was the news that Harley plans to invest in new manufacturing operations outside of the US.
Source: Global Times | 2018/7/2 23:28:40

Complex Disney-Fox maneuvers over Sky put UK M&A regulators in a tough spot

Britain's Takeover Panel is in a tricky position. The M&A rule-maker, staffed largely by bankers and lawyers on secondment, said in April that Walt Disney's bid for Sky shareholder Twenty-First Century Fox requires it to buy out the rest of the British group. If that means Sky is due any price bumps seen by Rupert Murdoch's group, the usually risk-averse regulator could put fuel on an already hot bidding war.
Source: Global Times | 2018/7/2 23:28:39

Rejecting funding with Chinese connections will backfire on US high-technology sector

Chinese e-commerce giant Alibaba is reportedly scaling back its presence in Silicon Valley in the US, at a time when US President Donald Trump is tightening control on inbound investment from China.
Source: Global Times | 2018/7/1 22:12:41

Reforms won't put China's bank sector under foreign control

China is making further headway in pursuing comprehensive opening up. In December 2017, the country's banking regulatory body announced new opening-up measures. Among the new measures are eased limits on foreign ownership in all Chinese-invested banks and financial asset management firms except privately run banks, and the implementation of stake holding rules that allow for equal treatment for foreign and domestic financial institutions.
Source: Global Times | 2018/7/1 22:12:39

China should not sell off US bonds as retaliation

For Chinese capital, the escalation of the Sino-US trade war has led to a significant deterioration of the US investment environment and the risk of uncertainty in regulatory policies.
Source: Global Times | 2018/7/1 21:38:40

Pro-business Supreme Court has dangerous downside amid rancorous party divisions

Businesses will cheer the prospect of another conservative on the Supreme Court, but it has a dangerous downside. US President Donald Trump gets to name a replacement for Anthony Kennedy, who said on Wednesday he will retire from the nine-member panel. It's Trump's second pick for the Supreme Court – and it could cause lasting damage.
Source: Global Times | 2018/7/1 21:38:40

US putting itself under siege with its own walls

US President Donald Trump has been wielding his tariff stick and threatening other trade partners with investment restrictions. While he is bragging about the US manufacturing industry and claiming jobs are coming back due to his policies, Harley-Davidson, which is one of the victims of tariff retaliation by the EU, is shifting some production of motorcycles outside the US. The decision made on Monday has dealt a blow to Trump, who has attacked and threatened the iconic motorcycle company. This incident has cast doubt on Trump's unilateral trade policy.
Source: Global Times | 2018/6/28 22:58:39

US may find visible and invisible trade barriers with China increasing as tariffs drop for rivals

If US President Donald Trump continues to drag the US into a trade war with China, we cannot rule out the possibility that China might fine-tune its foreign trade policy by announcing differential tariffs against imports from different countries.
Source: Global Times | 2018/6/28 22:53:40