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India needs to seize opportunity in RCEP talks

On Saturday, trade ministers from 16 Asia-Pacific countries gathered in the Cambodian city of Siem Reap to resume negotiations over the Regional Comprehensive Economic Partnership (RCEP). The proposed RCEP, which aims to create one of the world's largest trading blocs encompassing 45 percent of the world's population and 40 percent of global trade, is now at a critical moment. While the participating countries generally hope to reach a final deal by the end of this year, uncertainties should not be overlooked.
Source: Global Times | 2019/3/6 21:29:43

Policymakers confident in addressing risks facing China's economy

Several Western media outlets in recent days focused on China's economic slowdown amid coverage of the ongoing annual two sessions being held in Beijing. They raised concerns about various economic risks faced by China, but we noticed most issues were mentioned by the Government Work Report delivered by Premier Li Keqiang to lawmakers on Tuesday. The report speaks more clearly than foreign media outlets about the seriousness of China's economic problems.
Source: Global Times | 2019/3/6 21:18:41

Do not give in to tax cut demands for avaricious rich amid income disparity in China

As the National People's Congress (NPC) has opened its annual legislative meeting in Beijing, some of China's wealthiest individuals are asking the lawmakers to cut the income tax rates of the highest earners, but these demands from the rich have met fierce opposition from the middle class and the underprivileged poor.
Source: Global Times | 2019/3/6 17:08:45

Mixing LVMH and Pernod would make for watery cocktail for high-end brand

Ever since uppity investor Elliott Advisors turned up at Pernod Ricard late last year, Paris has been awash with talk that LVMH is lurking somewhere behind the gilded curtains, waiting to pounce on the $46 billion spirits group. The rumors reached fever pitch in February when an equity research firm published a report detailing the potential financial benefits that might accrue from such a deal.
Source: Global Times | 2019/3/6 17:03:40

China's effort to standardize industrial hemp can help address rising US competition

China's exports of industrial hemp products have been growing fast in recent years, mainly because they are more cost effective than overseas industrial hemp products. However, in the future, Chinese hemp exports might take a hit from the rising industrial hemp industry in the US.
Source: Global Times | 2019/3/5 21:33:40

India can't dodge Trump trade protectionism bullet

Amid speculation that senior officials from China and the US might meet later this month to end the year-long trade war between the two economies, many wondered whether US President Donald Trump would look for a new target of his economic attacks.
Source: Global Times | 2019/3/5 21:28:40

Russian media has China's investment dip all wrong

The Central Bank of the Russian Federation released foreign direct investment (FDI) data in December that revealed shrinking investment figures from China. According to the data, Chinese investment reached $3.18 billion as of June 30, 2018, 1 billion less than the $4.2 billion mark by the end of 2017.
Source: Global Times | 2019/3/5 18:28:41

Stricken Hanergy drops investors into black hole by offering stock and SPV stake swaps

Investors in the stricken solar giant Hanergy Thin Film Power, whose Hong Kong shares were suspended almost four years ago, have been offered a false hope. A company proposal on February 26 looks at first glance like a creative way to evade near-certain delisting.
Source: Global Times | 2019/3/5 18:28:40

Clean energy development will boost industrial upgrade

Controlling oil consumption is of great importance for human beings and the whole world today, as mankind has entered a new era. Energy derived from fossil fuels is one of the major factors affecting the environment and climate change, which threaten the human race.
Source: Global Times | 2019/3/4 21:18:40

Modi faces tough choice - growth vs nationalism

It seems Indian Prime Minister Narendra Modi has a dilemma: As he campaigns for another term in office, taking a tough stance toward Pakistan after the Pulwama terror attack is likely to help him win voters' hearts.
Source: Global Times | 2019/3/4 21:03:40

Elon Musk fires up engine for short-seller battle over mass-market affordable electric car

Elon Musk is firing up the engine for a battle with short sellers. The Tesla chief executive is finally selling Model 3s for $35,000 a pop – and shutting most of the firm's stores to pay for it.
Source: Global Times | 2019/3/4 16:03:39

Human labor, AI set to forge a new equilibrium

Surveys from round the world show that people want secure jobs. At the same time, they have always dreamed of a life free from toil. The “rise of the robots” has made the tension between these impulses palpable.
Source: Global Times | 2019/3/4 15:58:39

China requires increase in annual defense budget

Although China's economic growth is slowing down, ordinary Chinese people hope the country can announce a steady increase in its defense budget during the annual plenary session of the National People's Congress, which is scheduled to start on Tuesday.
Source: Global Times | 2019/3/3 20:13:39

China-US trade agreement is anything but new version of 'Plaza Accord' sequel

After seven rounds of repeated negotiations, the China-US trade talks seem to have made a breakthrough. US President Donald Trump tweeted the US had “very productive talks” with China on trade. He also announced he would delay the scheduled March 1 tariff increase on Chinese goods.
Source: Global Times | 2019/3/3 20:08:39

Foxconn criticized for yo-yo hiring and layoffs

As the world's largest original equipment manufacturer (OEM) with more than 1.2 million workers, Taiwan-based Foxconn Technology Group has established more than 30 industrial parks across the Chinese mainland. According to incomplete statistics, seven of its industrial parks employ at least 980,000 workers.
Source: Global Times | 2019/3/3 19:38:40

Hong Kong exchange primed for some M&A trades as strategic plan shows it's time to diversify

Hong Kong Exchanges and Clearing is primed for some M&A trades. The $43 billion bourse operator enjoyed a blowout 2018, but its three-year strategic plan unveiled on Thursday offers few bold ideas for reducing dependence on trading in local equities. Looming reforms in the Chinese mainland pose a further threat. A trio of new blue-chip advisers may be able to help.
Source: Global Times | 2019/3/3 19:33:40

Boeing deal in Vietnam shows value of engagement

Given the US and North Korea failed to reach an agreement in Hanoi over the issue of denuclearization, Vietnam's promise to buy 110 aircraft from US plane producer Boeing Co became the biggest achievement during US President Donald Trump's high-profile visit to Vietnam.
Source: Global Times | 2019/2/28 21:35:48

'Make in India' and 'Made in China' not zero-sum game

India's first semi high-speed rail, the Vande Bharat, has become the focus of attention over the past few days, as various "accidents" reported by the Indian media have once again triggered discussion and even mockery of India's manufacturing initiatives.
Source: Global Times | 2019/2/28 18:54:44