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Sea can see potential benefits from $1b IPO but growing competition a big concern

Listed life can be rough. Sea, a Southeast Asian startup formerly known as Garena, has filed for a US IPO of up to $1 billion. But larger deep-pocketed rivals are ramping up competition. An IPO at this stage could make the fight to come harder.
Source: Global Times | 2017/9/26 20:03:39

Japan still struggling to move on after lost decades

The concept of a “lost 20 years” is used to describe the prolonged period of stagnation in Japan since the country’s 1991 economic crisis. People who experienced the Showa period (1926-89) and Heisei period (1989 to present) will be able to recognize the changes in Japanese society. However, compared to the former glory, what the mediocre Heisei period has lost is far more than just the economic downturn reflected by data.
Source: Global Times | 2017/9/26 20:03:39

Chinese enterprises need sense of mission in Pakistan

Pakistan has enjoyed a firm relationship with China for more than 60 years. However, in terms of bilateral cooperation related to the Belt and Road (B&R) initiative, many Pakistani media reports have alleged that these investments do not simply reflect the Sino-Pakistan friendship or represent pure assistance to Pakistan, but are instead driven by China’s interests.
Source: Global Times | 2017/9/25 22:23:19

Merkel manufactures victory by focusing on retaining, modernizing industrial sector

While many talk excitedly about how Angela Merkel’s reassuring image played a central role in the German election, less attention was paid to the economic logic behind Merkel’s re-election as German chancellor.
Source: Global Times | 2017/9/25 22:23:18

China’s bid for economic upgrade depends on chips

Whether the Chinese economy can succeed in shifting toward transformation and upgrading depends to a large extent on whether or not the country can become the world’s leading integrated circuit (IC) chip producer.
Source: Global Times | 2017/9/25 21:33:39

HTC hoping to leave troubles behind as it focuses on promising new virtual reality

HTC is embracing an alternative reality. The ailing Taipei-based group is offloading part of its handset unit to Google for $1.1 billion. This will free up HTC to focus more on its risky but promising virtual reality business, where it is winning market share. Deeper ties with the US giant might also help fend off rivals like Sony and Facebook.
Source: Global Times | 2017/9/25 21:29:49

Yuan set for stability despite short-sellers’ pessimism

In sharp contrast to widespread concern over the yuan’s depreciation in 2016 and at the beginning of this year, the currency experienced an unexpected rally in recent months.
Source: Global Times | 2017/9/24 21:51:42

Influence of Washington should never be overlooked in Sino-Indian relationship

India is committed to strengthening its partnership with Afghanistan by taking up 116 “high-impact community developmental projects” in the country. The move came after US President Donald Trump in August unveiled his new strategy on Afghanistan, in which he sought a larger role by India in reinvigorating the economy of the war-torn country.
Source: Global Times | 2017/9/24 21:50:13

Spread of ESGs could herald new global movement

An ESG is a financial product that complies with environmental, social and governance rules, and until recently it was just part of financiers’ jargon – their chat is full of short-form acronyms that many of us do not understand. But recently ESG has come into common parlance. This is good, as it represents a new global inclination to save the planet and to save ourselves from investments we do not understand.
Source: Global Times | 2017/9/24 18:43:40

Fed decision to reduce balance sheet could rock fiscal boat amid choppy waters

The Federal Reserve is sailing into uncharted waters. The US central bank will start shrinking its $4.5 trillion balance sheet next month. The timing is risky, with lawmakers set to spar again over government funding and the debt ceiling. The Fed’s portfolio downsizing will also cut the nearly $92 billion it sent to Treasury last year, adding to budget pressures.
Source: Global Times | 2017/9/24 18:43:39

Rise of retail industry in India can draw on experience of China consumer sector

India has replaced China as the top retail investment destination, the Hindustan Times reported recently, citing AT Kearney partner Subhendu Roy. This is not necessarily a bad thing, if the growth of the retail sector in India can be the glue that increases the closeness of Sino-Indian relations.
Source: Global Times | 2017/9/21 22:23:39

Japan-India cooperation requires objective view

India and Japan are getting closer. Japanese Prime Minister Shinzo Abe recently paid a visit to the Indian industrial city of Ahmedabad, where he attended the groundbreaking ceremony for the high-speed railway that will link the city to Mumbai.
Source: Global Times | 2017/9/21 21:23:39

Deal with Tata Steel a vital step for ThyssenKrupp but further restructuring needed

ThyssenKrupp Chief Executive Heinrich Hiesinger is finally getting real on steel. More than two centuries after Friedrich Krupp started making cast steel in Germany’s Ruhr region, the industrial group is backing out of the industry. The historic joint venture with Indian rival Tata Steel unshackles it from a fickle, capital-intensive business, which for years has been struggling to earn its cost of capital. It can pay ThyssenKrupp dividends on four levels.
Source: Global Times | 2017/9/21 18:43:39

Chinese enterprises must be vigilant in Africa

Africa has been called “the coup kingdom.” Although there has been less chaos since the cold war ended, there have been coups in some countries in recent years. Some have seen a fairly rapid return to stability, such as Guinea Bissau. But in terms of doing business in such areas, stability cannot be derived from temporary lulls in hostility, and full preparations are needed before making investments.
Source: Global Times | 2017/9/21 18:43:39

Karot Hydropower Project could generate wide range of benefits for China, India and Pakistan

China is racing to complete the Karot Hydropower Project in Pakistan-occupied Kashmir (POK) ahead of schedule, Bloomberg News reported recently. China is likely to maintain its neutral stance on the India-Pakistan dispute over Kashmir, but this will not interfere with China’s efforts to increase its economic presence in the region, in a bid to ensure more local people could benefit from the China-Pakistan Economic Corridor (CPEC).
Source: Global Times | 2017/9/20 22:38:40

Respect for local ways key to success in Africa

In Africa, it’s very dangerous if a person or a company is not familiar with the local situation, does not respect local customs and is oblivious to the risks. Because national conditions vary widely among African countries, learning to “do in Rome as the Romans do” is very important.
Source: Global Times | 2017/9/20 22:38:40

World needs engineers to solve modern problems

The world is about to undergo a transport renaissance as countries attempt to tackle rising populations, increased congestion and urban living. Unless we find quicker and smarter ways of getting from A to B the world’s transport systems simply won’t cope. Cities around the world face challenges that can only be solved by investing in new technology and backing people with the engineering skills to create it.
Source: Global Times | 2017/9/20 18:58:39

AI is the big driver of SoftBank’s Uber move but deal would be expensive and risky

Artificial intelligence is the backseat driver of SoftBank’s move on Uber. Masayoshi Son’s tech and telecoms group is close to investing $10 billion in the US ride-hailing giant, the Wall Street Journal says. That reflects the Japanese maverick’s belief in the disruptive power of self-driving cars.
Source: Global Times | 2017/9/20 18:53:39