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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 | 2018/12/31 10:04:24

Why can't China-US soybean trade return to the days of heavy interdependence?

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 | 2018/12/30 14:53:02

China on the way to becoming a major space power

While commercialization has become a common noun in a world that's being propelled by business innovation, its usage in the space sector remains something new, which is especially true with China's space missions. Nonetheless, with the country's Long March carrier rocket series and an array of space start-ups gaining increased global attention, space commercialization is springing into a high frequency phrase. In an exclusive interview with Global Times reporter Li Qiaoyi (GT) earlier in December in Zhuhai, Yang Yiqiang (Yang), the first commander-in-chief of the Long March 11 solid-fuel carrier rockets project, described policy priorities and to-do lists toward turning China into a major space power.
Source: Global Times | 2018/12/27 22:03:06

Let's be brief: Underwear sales aren't a rational way to measure China's economic performance

As 2018 draws to close, anyone who's concerned about global growth next year is paying close attention to the Chinese economy. In some cases, that means focusing on men's underwear.
Source: Global Times | 2018/12/27 21:48:39

How can mainland stocks bid farewell to the pattern of rarely gaining after US shares rise?

The performance of Chinese mainland and US stocks in past year showed a pattern: it's more likely that mainland bourses will fall in the wake of a decline in US stocks than surge following a US rally.
Source: Global Times | 2018/12/27 21:21:44

Pivot toward Russia, India, BRI countries an option

As the year draws to a close, it is high time to reflect on China's economic performance, and consider making some opportune revisions to the economic strategy, which may prove to better resonate with the people and to propel economic growth next year.
Source: Global Times | 2018/12/27 16:02:14

Free breakfasts to yoga classes, HR departments all out to shore up workers' wellness

Wellness programs and American waists are spreading together. Most big US companies now offer programs intended to improve employee well-being – despite little proof that they actually work. Vista Equity Partners' deal on Monday to buy yoga and gym software firm Mindbody for $1.9 billion shows how big the business has become. Benefits such as curbing healthcare costs and attracting talent will keep the wellness craze going.
Source: Global Times | 2018/12/27 16:02:09

China's economy proves resilient amid rebalancing

Newly released data from China's National Bureau of Statistics revealed the producer price index (PPI) for November rose 2.7 percent from last year, yet was 0.6 percentage points lower than October's PPI.
Source: Global Times | 2018/12/26 20:56:23

China's further opening-up can serve as springboard for Indian start-ups to go global

As China prepares for a protracted trade row, some officials and analysts are emphasizing a new round of reform and opening-up to create a new economic growth engine. These new reforms will likely grant broader market access to Indian companies like budget accommodation hotel chain OYO.
Source: Global Times | 2018/12/26 20:43:40

BOJ walking a tightrope with interest rates means treading carefully to avoid global turmoil

What's the biggest threat to global markets in the coming year? It's not a rise in US interest rates, or the end of the European Central Bank's bond buying. Rather, it's the Bank of Japan. Even small adjustments by Governor Haruhiko Kuroda to ultra-loose monetary policy could agitate global asset prices more than other, widely expected changes.
Source: Global Times | 2018/12/26 14:33:13

Structural changes needed for infrastructure investment in China

Large-scale infrastructure investment used to be a panacea for China's economic development, which was in urgent need of a large number of roads, railways, airports, bridges and power facilities in the past. In particular, the urbanization drive pushed the construction of infrastructure and real estate to new highs. When more than 1.3 billion Chinese people began to pursue a higher standard of living, it generated worldwide influence, which was so strong that there was a saying that China's urbanization is one of the key drivers for the global economy.
Source: Global Times | 2018/12/26 14:28:39

Action's more important than words in China's push for next round of reform

The Chinese government has recently submitted a draft law on foreign investment to the nation's top legislature, but a key issue is whether a lack of enforcement at the local level will take things back to square one, even if the draft wins approval soon.
Source: Global Times | 2018/12/25 20:37:53

Which country is set to lead on 5G development?

As some of the world's great powers try to contain China's 5G development by various means, including but not limited to technical and economic ones, 5G has gradually become a hot topic. It then begs the question as to which country is leading the 5G race and whether it is necessary for the US to target and suppress China's 5G development. A nation's 5G strength is measured by a comprehensive system, not just one or two indices, which should be composed of the following aspects.
Source: Global Times | 2018/12/25 20:37:05

China's nominal wage doubles from 2011 to 2018

It's now official: workers around the world are falling behind. The International Labor Organization's (ILO) latest Global Wage Report finds that, excluding China, real (inflation-adjusted) wages grew at an annual rate of just 1.1 percent in 2017, down from 1.8 percent in 2016. That is the slowest pace since 2008.
Source: Global Times | 2018/12/25 17:46:31

New retailer Amazon and old-school Walmart mirror one another while morphing

Two behemoth retailers are beginning to morph. Amazon founder Jeff Bezos is changing the e-commerce company by selling shelf space, opening stores and launching catalogs. Old-school rival Walmart, meanwhile, has refreshed Sam Walton's model with recent online acquisitions like The market is bound to pick up on the similarities.
Source: Global Times | 2018/12/25 17:46:26

Despite their differences, New Delhi can offer useful lessons for Beijing's continuing growth

As India's economy gains momentum, China's growth slows down. Who will win the title of “world's fastest-growing major economy” this year? Some Western observers aim to usher in the New Year by fanning hopes for a dragon-elephant competition.
Source: Global Times | 2018/12/24 19:53:39

China can't trade away the right to development

After 40 years of reform and opening-up, fundamental changes have taken place in China's internal and external environments.
Source: Global Times | 2018/12/24 19:23:01

Global beauty product market has plenty of room to expand with new innovations

Asia's “glamazons” can apply a dash of Western color. Johnson & Johnson, L'Oreal and other giants have splashed out on cutting-edge cosmetics in Japan and Korea, seeking clout and innovation. Yet local beauty brands like Shiseido and snail mask supremo Amorepacific have room to grow too: they can reverse the trend.
Source: Global Times | 2018/12/24 16:18:14