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Bayer investors get unwelcome antitrust present as Monsanto deal moves ahead

Bayer and Monsanto's two-year regulatory saga is almost over. The drug and crop-science groups struck a deal with antitrust regulators at the US Department of Justice, according to the Wall Street Journal (WSJ), clearing one of the final hurdles for a deal that values Monsanto's equity at almost $60 billion. However, its iffy financial logic means Bayer shareholders can hold off the champagne.
Source: Global Times | 2018/4/12 20:08:40

Will US lawmakers decide Facebook is too big for Zuckerberg to handle?

Washington lawmakers are fond of grandstanding, especially when they get the chance to grill a hapless executive. When US congressional members interviewed Facebook boss Mark Zuckerberg on Tuesday and Wednesday, the temptation may have been to score points by focusing on his all-too-apparent flaws. If they're smart, though, they would focus on a bigger issue: whether Facebook is too complex to manage, whoever runs it.
Source: Global Times | 2018/4/11 23:03:42

Trump's looming trade war with China may threaten huge number of US jobs

American workers will pay the price for the US escalating trade friction with China. Many jobs in the US are linked directly or indirectly to the performance of US exports to China, whether the workers involved know it or not.
Source: Global Times | 2018/4/11 23:03:40

West's ODA leaves Africa weak, underdeveloped

Official Development Assistance (ODA) was designed to provide development resources including capital and technology to less-developed areas. Since World War II, Western donor countries have provided considerable amounts of aid for Sub-Saharan Africa. But we have not seen many examples, if any, of escaping the trap of poverty with these flows of ODA.
Source: Global Times | 2018/4/11 22:58:44

US can't cite China's 'economic aggression' in LatAm

Acting on behalf of US President Donald Trump, Vice President Mike Pence will travel this week to South America, after Trump cancelled his planned visit to deal with issues in Syria.
Source: Global Times | 2018/4/10 22:13:40

Trade pact with China offers Mongolia chance to diversify, develop its economy

The Mongolian economy has been performing better than expected, and a proposed free trade agreement (FTA) with China may offer additional momentum for Mongolia's economic resurgence.
Source: Global Times | 2018/4/10 22:08:40

China will continue on reform path despite trade woes

Amid concerns over a damaging trade war between the world's two largest economies, the annual Boao Forum for Asia (BFA) opened Sunday in Boao, a town in the island province of Hainan. The event, an occasion for China to outline even wider opening up of its market, provides much-needed hope for world trade. In a keynote speech at the forum on Tuesday, Chinese President Xi Jinping unveiled new measures for expanding reform and opening-up, according to the Xinhua News Agency. Insights from BFA speakers have restored faith in globalization. The Global Times selected some of them with a special interest in China-US trade relations and China's commitment to market reform.
Source: Global Times | 2018/4/10 20:43:39

Rail strikes will test French appetite for Europe as Macron's rail reforms hit resistance

President Emmanuel Macron has a lot to lose if French voters turn against his railway reform plans. So may the Europe Union. Any backlash against the overhaul of the French train system could fuel resentment against the EU, whose rules are forcing the pace of change.
Source: Global Times | 2018/4/10 20:33:40

Trump's protectionism will dent confidence in US

US-China trade friction will not cause capital flight from China. On the contrary, investors know how the friction has arisen and they have a clear view on where it is going. The wise will put their money on China instead of the US.
Source: Global Times | 2018/4/9 22:48:39

China, Austria can work together to promote European economic integration

The rare collective visit by the Austrian heads of state and government to China, which began on Saturday and continues through Thursday, attracted a lot of attention regarding Austria's role in China's Belt and Road (B&R) initiative.
Source: Global Times | 2018/4/9 22:43:44

Learning Chinese key to success of CPEC

The China-Pakistan Economic Corridor (CPEC) is a flagship project of the China-proposed Belt and Road (B&R) initiative. The B&R is the largest initiative of its kind in recent history. It involves more than 60 countries and regions and more are expected to join. It caters to more than half of the world's population and includes six planned economic corridors connecting several countries. The CPEC is one of the six, and as the first, has been declared a flagship project. Both China and Pakistan are giving it the highest priority and commitment so it can be a role model the rest of the corridors can follow.
Source: Global Times | 2018/4/9 22:43:43

Reduced numbers of Chinese visitors to the US can hit nerve tariffs don't reach

The fact that South Dakota's official visitor website is available in Chinese speaks volumes about the links between China and the US. Levies on Chinese TVs and microscopes, and US soybeans and ginseng, threaten direct economic damage to both economies. But a reduction in the number of Chinese visitors to the US, which has already begun, could hit a nerve that trade tariffs don't reach.
Source: Global Times | 2018/4/9 22:43:41

Chinese authorities have ample weapons to prevail if US escalates trade war

If a trade war is escalated by the US, the Chinese authorities will take all necessary measures to minimize the losses for Chinese companies and individuals. Nonetheless, the US, the world's largest economy with a GDP of approximately $19 trillion, has less endurance for a full-blown trade war.
Source: Global Times | 2018/4/8 22:18:40

Chinese firms can tap into Angola's market

Crude oil exports have always been a pillar of Angola's economy, and declines in oil prices have resulted in a significant reduction in Angola's fiscal revenue. International development agencies have helped the Angolan government draft national economic development plans to promote diversification.
Source: Global Times | 2018/4/8 22:18:40

Wall Street, right-wing policies a blind spot for US

In the past, we also suggested China should pay back part of the trade deficit to the US market through industrial investment, by using the capital account to balance the current account.
Source: Global Times | 2018/4/8 21:18:40

Spotify's direct listing piles risk upon risk amid fears over tech valuations

Music streamer Spotify's direct listing was unusual enough already, without coming as specific fears over Facebook and Amazon are spilling over into wider tech valuations. On April 3, the Swedish firm allowed current owners to sell stock directly to new investors. Traditionally, companies conducting initial public offerings ask investment bankers to play matchmaker, set an inaugural price, and buy shares to stabilize the stock if needed on the stock's opening day. With Spotify, both the price and the number of shares were up for grabs.
Source: Global Times | 2018/4/8 20:13:39

Trump doomed to fail by waging trade war against China for mid-term poll gains

The ongoing trade friction between China and the US is unlikely to stunt China's drive to open up its domestic market to foreign companies. But some US firms will miss the chance to benefit from the new business opportunities in China if US President Donald Trump continues to drag the US into a trade war with China.
Source: Global Times | 2018/4/5 20:01:55

Chinese firms need new, broader definition of CSR

As China is entering a new economic era that will focus on high-quality production, technological innovation and social wellbeing, questions have arisen as to how State-owned enterprises (SOEs), corporate leaders and entrepreneurs can be part of the new drive.
Source: Global Times | 2018/4/5 14:18:17