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Volatile fuel costs force airlines to consider their options and drive industry rationalization

Risky bets on the price of oil will drive European airline merger and acquisition (M&A) in 2019. The price of a barrel of crude is unusually volatile heading into the New Year. The majority of airlines are hedged against significant price rises, but it's equally possible Brent will bottom out well below the 2018 peaks.
Source: Global Times | 2019/1/7 18:48:40

Why PM Mahathir seeks to engage with China?

After his coalition won the election in May 2018, Malaysia's Prime Minister Mahathir Bin Mohamad declared that he would suspend several Chinese-funded projects.
Source: Global Times | 2019/1/7 18:38:39

India needs more than good policies to drive reform

India's general election later this year puts a big test for the present administration's reform push.
Source: Global Times | 2019/1/6 20:48:43

Starbucks expansion plans need consideration over 'a venti-sized mug of coffee'

The Starbucks Reserve Roastery in Shanghai stands as a giant symbol of the company's Chinese ambitions. The 30,000-square-foot caffeinated wonderland represents just one of 6,000, mostly smaller stores that the chain plans to roll out across the mainland by 2022. Such bold plans will run up against stiffer local competition and trade-war-related pressures in 2019. Local backers will continue to support this Bean Dynasty.
Source: Global Times | 2019/1/6 16:33:54

US stock market faces more volatility in 2019

The US stock market has been extremely volatile during 2018. From December 4 to 24, the Dow Jones Industrial Average slumped 4,000 points within 15 trading days. In fact it has rather contradicted with the tradition that US stock market usually performs well in December. By Monday, Standard & Poor's 500 index (S&P 500) had accumulated a 14.8 percent drop in December, worse than the 14.5 percent losses within the 12 months of the 1931 collapse during the Great Depression.
Source: Global Times | 2019/1/6 16:13:39

China's tech spending can't flag even if economy slows

As the economy shows more serious signs of slowing, can China find new engines of growth by narrowing its aerospace-technology gap with the US?
Source: Global Times | 2019/1/3 21:27:02

Manufacturing nationalism likely to distort US market and harm its consumers

US President Donald Trump's “America First” mantra involves barriers to trade and immigration and a sort of manufacturing nationalism. Experiences like Argentina's show that this approach creates market dysfunction and will probably hit economic output and jobs in the long term. More of that kind of fallout is likely in 2019 as the White House rolls out further protectionist measures.
Source: Global Times | 2019/1/3 17:19:37

CPTPP could be a strong trading partner for China

Much attention has been paid to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which officially came into effect on Sunday. Without the US, the 11-member free trade agreement, formerly known as the Trans-Pacific Partnership (TPP), now covers 13 percent of the global economy.
Source: Global Times | 2019/1/3 16:58:39

De-dollarization inevitable as yuan's global status rises

The global economy and the trade governance system have shifted from an old model in which other economies were orbiting around the US toward a three-horse race – the US, EU and China – meaning that de-dollarization is inevitable. The global trade, production and consumption arena has become a three-way race among Asia, Europe and the US, but the international currency system has long been dominated by the US dollar, highlighting a mismatch between the real global economy and international currency system.
Source: Global Times | 2019/1/3 15:33:39

Industrial ties with Vietnam call for coordination

The trade conflict between China and the US is boosting the economic prospects of Vietnam, as some Chinese enterprises consider plans to get around US tariffs by moving manufacturing to the emerging country. However, many Vietnamese people don't want their country to become a dumping ground for low-cost manufacturing and outdated technologies, disturbing the nation's own economic order and its Industry 4.0 strategy.
Source: Global Times | 2019/1/2 20:09:22

Blockchain finally due for its breakthrough in 2019 after years of false starts and broken promises

After all the hype, blockchain is due for its breakthrough in 2019. Banks and companies are gradually applying versions of the distributed-ledger technology, the platform associated with bitcoin, to tasks like settlement. Demonstrating blockchain's utility, though, will say little about the value of cryptocurrencies themselves, as those currencies in fact only use blockchain as a platform.
Source: Global Times | 2019/1/2 19:16:04

Myanmar to make utmost efforts to ensure security of CMEC

Since the beginning of 2018, the friendly ties between China and Myanmar have continued their steady progress, with the two nations deepening pragmatic cooperation in a variety of areas. On September 9, 2018, the two sides signed a memorandum of understanding (MOU) in Beijing to build the China-Myanmar Economic Corridor (CMEC), one of the key projects of the China-proposed Belt and Road initiative (BRI). On November 8, the two countries signed a framework agreement on the Kyauk Phyu Special Economic Zone (SEZ) deep-sea port project in Nay Pyi Taw, Myanmar. Also, Myanmar has over the last two years been facing great international pressure over resolving the Rakhine State issue, but China has continued its support for the Myanmar government's stance on the issue. Recently at the Myanmar Embassy in Beijing, Global Times reporters Li Sikun and Li Qiaoyi (GT) got a rare interview with U Thit Linn Ohn (TLO), Myanmar Ambassador to China, seeking his input into some of the most important questions regarding the bilateral ties, most notably the CMEC.
Source: Global Times | 2019/1/2 19:08:39

Can 2019 be the year of China-Africa convergence?

As China and Africa are looking forward to 2019, after almost two decades of close strategic partnership in the 21st century, there are a few wishes that citizens and policymakers from both sides are aspiring to, and in my opinion, as an African living in China, the greatest of them would be the convergence between the Chinese culture and economy and the African potential and future.
Source: Global Times | 2019/1/2 15:43:39

CPTPP could be a strong trading partner for China

Much attention has been paid to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which officially came into effect on Sunday. Without the US, the 11-member free trade agreement, formerly known as the Trans-Pacific Partnership (TPP), now covers 13 percent of the global economy.
Source: Global Times | 2019/1/1 22:42:37

Indian media shouldn't distort CPEC facts, goals

It has been widely reported that Pakistan owes $40 billion to China to repay debt and dividends on the latter's investments made under the China-Pakistan Economic Corridor (CPEC), raising concerns about a “debt trap,” but the actual figure is only $6.017 billion.
Source: Global Times | 2019/1/1 20:00:45

China needs to support domestic soybean farmers to strengthen food security

Amid the recent truce in the trade war, China has restarted imports of US soybeans, but there are still lots of uncertainties about the country's soybean trade.
Source: Global Times | 2019/1/1 15:58:39

Sony's valuation likely to entice activist investors unless business rationalization achieved

The pressure is on for Kenichiro Yoshida to deliver a bold performance in 2019. Since taking the reins in April, the Sony boss has boosted earnings at Japan's $61 billion movies-to-video-games group. But the long-time company veteran needs to shed a loss-making handset unit and spin off the chip business, among other things.
Source: Global Times | 2019/1/1 15:39:12

US tax cuts failed to spur investment, growth

It has now been one year since US President Donald Trump and his fellow Republicans rammed their massive corporate tax cut through Congress. At the time, critics of the “Tax Cuts and Jobs Act” described it as a cynical handout for wealthy shareholders. But a substantial number of economists came out in support of it.
Source: Global Times | 2019/1/1 15:38:39