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China not too concerned about rating downgrade

There are several hundred rating agencies worldwide, most providing an admirable service for diligent managers. For a fee, within a “club of similar businesses,” the rating agent will anonymize the member’s business performance data and return their data alongside the comparative data. The diligent managers can then see how well or poorly their firm is performing. The problem for commentators is that the ratings are private, and no long-term data is available for interpretation.
Source: Global Times | 2017/10/9 21:48:40

More for China than London in Russian hydro IPO

Here comes one more way to bet on green energy. En+ Group, a company owned by Russian tycoon Oleg Deripaska which supplies electricity to and controls aluminum outfit Rusal, aims to raise $1.5 billion in a London and Moscow listing. It touts its clean, mostly Siberian hydropower, but new public investors will have little say. The cornerstone backer, a Singapore-based partner of the Chinese group that just bought into Rosneft, may see greater benefits.
Source: Global Times | 2017/10/9 21:43:39

Genuine recovery in China depends on stronger demand

According to statistics, our real GDP growth rate posted a significant decline in 2012, which actually seems to have been a turning point.
Source: Global Times | 2017/10/9 21:03:39

Chinese tourists’ spending patterns reshaping the face of the global travel sector

The eight-day National Day and Mid-Autumn Festival holidays in China, which ended on Sunday, led to an unprecedented boom in tourism, which not only boosted the economies of China and many other countries and regions, but also brought changes to global tourism.
Source: Global Times | 2017/10/9 20:58:39

China's ties with Sudan offer promising new model

It is not difficult to find China's legacy in Sudan. From landmark buildings - such as the Friendship Hall in Khartoum, built with Chinese assistance - to vital infrastructure like the Merowe Dam, known as Sudan's "Three Gorges," Chinese influence in Sudan is visible. While Western media outlets hype up the theory of China's neocolonialism in Africa and warn against China's increasing influence in the continent, officials, social elites and ordinary people in Sudan have overwhelmingly come to see China's engagement in the resource-rich country in a more positive light.
Source: Globaltimes.cn | 2017/10/5 10:25:37

Crypto-currencies offer tempting investment channel but investors wary of being caught out

Hedge-fund star Mike Novogratz thinks he has crypto-currencies figured out. The one-time manager of Fortress Investment Group’s flagship macro fund is pinning his comeback hopes on digital coins. Their volatility is alluring when tranquil markets are depressing industry returns. But that can be a trap, as the investor well knows.
Source: Global Times | 2017/10/8 19:38:39

New tech gives much-needed face to Apple in China

Some observers have been dismissive about Apple’s forthcoming 10th anniversary iPhone, which is believed to enable face unlocking. But their scorn won’t keep the new phone from heralding a new era of featuring face swiping in the world’s largest Internet market.
Source: Global Times | 2017/10/8 18:18:39

Economics of US firearms industry serve as barrier to enforce tighter controls

A bipartisan effort in US Congress to ban the so-called bump stocks – a device that allow a semi-automatic rifle to fire like a fully automatic one – seems to be the whole official reaction in the aftermath of the Las Vegas mass shooting, the deadliest shooting in US modern history.
Source: Global Times | 2017/10/8 18:13:39

Ratings fail to portray full picture of China’s economy

Last week, Standard & Poor’s rating agency lowered China’s sovereign credit rating by one notch to A+ from AA- and revised its outlook to stable from negative. This means S&P’s rating is in line with assessments from Moody’s and Fitch, which cut their sovereign credit ratings for China in May and 2013, respectively.
Source: Global Times | 2017/9/28 22:23:39

Capacity to learn key to avoiding old mistakes in China’s new sectors, achieving national goals

While it is no secret that China is troubled by overcapacity in such traditional industries as steel and aluminum, it is unusual to see a US official warning of threat from China’s future overcapacity in emerging sectors like robotics.
Source: Global Times | 2017/9/28 22:18:40

Chinese mainland moving up in global semiconductor sector

In terms of the semiconductor industry, the US is super-strong, South Korea has advantages in storage and Europe has three first-class semiconductor companies – NXP, Infineon and STMicroelectronics. NXP is now in talks with Qualcomm, and if these are successful, there may soon be only two big semiconductor companies in Europe.
Source: Global Times | 2017/9/28 21:58:39

Rise of Greens in new German govt could spell trouble for energy, auto sectors

Germany’s new electoral landscape promises upheaval for companies as well as politicians. Chancellor Angela Merkel faces tricky coalition negotiations after Sunday’s elections. Organizing a parliamentary majority requires simultaneous support from the pro-business Free Democrats and the Greens. The environmental party’s inclusion would be good news for Germany’s emission-reduction ambitions, but may hurt car
Source: Global Times | 2017/9/28 21:53:39

BRICS face internal challenges as global role grows

Following the BRICS Summit in Xiamen, East China’s Fujian Province, the question is how to build the second golden decade of the bloc. The BRICS (Brazil, Russia, India, China and South Africa) have expanded their “friends” circle with the “BRICS plus” mechanism so that a new cooperation partnership model with other developing countries can be built.
Source: Global Times | 2017/9/27 23:03:39

China’s economic achievements offer lessons in reform, opening up as India faces slowdown

Malaysia and Hong Kong “are proving to be the biggest growth surprises in Asia” this year while India received the steepest downgrade among major economies in the Asian Development Bank’s latest outlook, Bloomberg News reported recently.
Source: Global Times | 2017/9/27 22:58:40

Why lowered credit rating won’t affect China

What will be the impact of Standard & Poor’s decision to lower China’s sovereign credit rating? I don’t believe there will be any serious effect.
Source: Global Times | 2017/9/27 22:53:42

High yield earns stamp of approval for Japan Post, despite weak growth prospects

Japan Post is relying on fat payouts again. Tokyo is selling down about $11 billion of stock in the postal operator and financial holding company, with about three-quarters going to local households. Like the huge privatization in 2015, this sequel owes little to the former state monopoly’s growth prospects – and almost everything to a cheap valuation and high dividend yield.
Source: Global Times | 2017/9/27 22:53:40

Action needed as Chinese buyers drive up housing prices in Southeast Asian countries

Property investors from the Chinese mainland are shifting their sights to Southeast Asia, a development that may have negative implications for the economies in that region, so tougher regulations are necessary.
Source: Global Times | 2017/9/26 20:18:39

Venezuela seeks dollar freedom by pricing oil in yuan

Venezuela has recently begun pricing its crude oil in the yuan in a bid to circumvent US sanctions. As a Latin American country heavily relying on oil exports, Venezuela’s decision came as a surprise.
Source: Global Times | 2017/9/26 20:18:39