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US needs to heed China's call to return to trade talks

If the Trump administration continues its condescending attitude toward China while refusing to take Beijing as an equal negotiating partner and to make long-overdue compromises on China's legitimate requests, chances remain slim for the two heavyweight economies to reach a trade deal in the coming month or two.
Source: Global Times | 2019/6/14 18:46:29

US short-sighted in politicizing business issues

A dispute over patent fees between Huawei and US carrier Verizon has suddenly taken center stage following US President Donald Trump's restrictions on the Chinese telecom giant. As the US-China trade war escalates, Washington should avoid intervening in and politicizing commercial disputes.
Source: Global Times | 2019/6/13 21:08:40

Risk looms in Southeast Asian economies amid industrial transfer from trade war

Due to China's dwindling demographic dividend, rising production costs, and environmental protection pressure, many Chinese and foreign-invested companies in recent years have relocated their Chinese factories to Southeast Asia, where labor costs are lower. The intensified US-China trade frictions and deteriorating global trade environment have driven even more companies to move to Southeast Asian countries. However, the business environment in Southeast Asia is not as good as imagined, and industrial transfer doesn't mean that China has lost its competitiveness in the world manufacturing sector.
Source: Global Times | 2019/6/13 21:03:40

South Pacific island progress linked to B&R dynamics

Looking back at the very important time last year on the sidelines of the APEC meeting, it is worth noting that many constructive and forward-looking initiatives began under the Belt and Road (BRI) framework in 2019.
Source: Global Times | 2019/6/13 21:02:42

China's pharma shake-up wins healthy endorsement as drugmaker Hansoh raises $1b in HK IPO

China's pharma shake-up has won a healthy endorsement. Drugmaker Hansoh Pharmaceutical will go public this week after raising funds at a $10.3 billion valuation in its Hong Kong initial public offering. That suggests that Beijing's radical price reforms will produce some big winners.
Source: Global Times | 2019/6/13 20:59:35

SCO summit can be venue to reinforce globalization

If India wants to be treated as a great power, it may be well worth the effort to shoulder great responsibility during the 19th Shanghai Cooperation Organization (SCO) Summit, which will be held on Thursday and Friday in Bishkek, Kyrgyzstan.
Source: Global Times | 2019/6/12 21:08:41

Trade war could be opportunity for India to cut trade deficit with China

The 19th summit of the Shanghai Cooperation Organisation (SCO) is scheduled to be held in Bishkek, capital of Kyrgyzstan, Thursday and Friday. Against the backdrop of the trade war with the US, it is of great importance for China to enhance cooperation within the SCO framework and to strengthen ties with the member states, especially in the economy and trade.
Source: Global Times | 2019/6/12 21:03:41

The US seriously distorts market economy

Many have been thinking the same questions: What kind of country is the US? Is it still a “normal market economy?” The eccentric behavior of the US has sparked people to re-examine the world's largest economy. What is its problem?
Source: Global Times | 2019/6/12 21:03:40

Renault-Nissan clash exposes flaws in Fiat deal as governance issues would hobble a broader alliance

Squint hard, and it's possible to interpret the latest headlines involving Renault and Fiat Chrysler Automobiles as progress toward reviving the carmakers' 33-billion-euro ($37 billion) merger. Step back, however, and negotiations involving the French group's state shareholder and Japanese ally Nissan Motor expose the dysfunctional governance that would hobble a broader partnership.
Source: Global Times | 2019/6/12 20:58:41

Filipino Huawei stance reflects a changing SE Asia

The Philippines' attitude toward Huawei is worth pondering. As one of the oldest US allies in Asia, the country is moving ahead with plans to use equipment from the Chinese telecom giant in upcoming trials of 5G wireless systems, the South China Morning Post reported Tuesday.
Source: Global Times | 2019/6/11 20:48:40

African free trade zone creates new opportunities for Chinese companies

On May 30, the African Continental Free Trade Agreement (AfCFTA) came into effect among 52 of the African Union member states. So far, 23 countries, including South Africa, Egypt, Ghana, Ethiopia, and Kenya, have ratified the agreement. An African free trade zone will greatly enhance Africa's economic growth potential and accelerate its economic restructuring process.
Source: Global Times | 2019/6/11 20:43:41

Vocus has its work cut out after third buyer walks away, and the best way forward might be on its own

Three dropped calls send a bad message. Swedish buyout firm EQT Infrastructure has ditched its toppy $2.3 billion offer for Vocus Group barely a week after getting access to the Australian telecoms operator's books. The news prompted a 20 percent fall in the company's share price on June 5. It's the third financial buyer to walk away in quick succession, and casts doubt on the target's efforts to integrate multiple acquisitions. New boss Kevin Russell must now find a way to dial up confidence.
Source: Global Times | 2019/6/11 19:33:07

China's global value chain presence irreplaceable

US moves have revealed that the true purpose of the ongoing trade conflict has nothing to do with trade. The real goal is to confine China's technological advancement and economic rise.
Source: Global Times | 2019/6/11 19:29:59

Trade war will deepen mainland-HK economic link

Vietnam is likely to be the biggest winner from the shift in supply chains caused by the trade war between China and the US. The reorganization of the Asian industrial chain provides Hong Kong with an opportunity to renew its role as a middleman to the Chinese mainland's economy.
Source: Global Times | 2019/6/10 20:18:42

Innovation shouldn't be used as a pretext for pursuing subsidies, financing

China's hydrogen fuel cell industry has undergone rapid development since the mentioning of hydrogenation facilities in this year's government work report, attracting investment from more and more companies and local governments. While there are companies with real R&D and innovation capabilities among them, there are also companies that aim to gain government support through fiscal subsidies and financing under the guise of innovation. Authorities should be vigilant about this.
Source: Global Times | 2019/6/10 20:18:41

Mario Draghi puts easing back in play on way out, leaving questions to successor

Mario Draghi's ultra-loose monetary policy will outlast his tenure as European Central Bank president. The Italian will finish his eight-year term at the end of October without once having raised interest rates. As he heads for the exit, he is putting easing back in play.
Source: Global Times | 2019/6/10 19:43:40

Three differences to address in China-US trade

The China-US trade talks have fallen back into a stalemate. The US has pushed a negotiation that was approaching cooperative equilibrium back to a prisoner's dilemma that could harm both sides. The US unilaterally lifted tariffs on Chinese imports and upgraded the trade war into a technology war.
Source: Global Times | 2019/6/10 19:33:40

US may escalate trade war in six ways

US may escalate trade war in six ways: Yu Yongding, senior fellow of CASS
Source: Global Times | 2019/6/10 2:29:42