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Record number of China's domestic IPOs may sound impressive but key problems remain

A shares just smashed another record, with 2017 seeing an unprecedented number of new listings on the two main bourses in the Chinese mainland. But although it may seem like a milestone, it should prompt calls for faster and more fundamental reforms of the mainland equity market.
Source: Global Times | 2018/1/4 21:18:40

China could soon leapfrog US in innovation

China has achieved much since 1978, when its reform and opening-up began. In terms of headline economic progress, the pace of China's transformation over the past 40 years is unprecedented. The country's GDP grew by nearly 10 percent per year on average, while reshaping global trade patterns and becoming the second-largest economy in the world. This success lifted 800 million people out of poverty, and the mortality rate of children under five years old was halved between 2006 and 2015.
Source: Global Times | 2018/1/4 21:18:39

China's promise of shared destiny set to progress

China in 2018 holds the promise of equitable, fair and sustained engagement toward a shared human destiny.
Source: Global Times | 2018/1/3 23:13:39

China building new world of trade rules to serve changing needs

In 2018, China is likely to make great strides in promoting free trade agreements (FTAs) that will frame new rules and norms governing global trade and investment. China will pursue negotiations of 10 FTAs in 2018, while carrying out feasibility studies for 10 other agreements, the Economic Information Daily, a publication of the Xinhua News Agency, said in a recent report, citing a Ministry of Commerce official.
Source: Global Times | 2018/1/3 23:13:39

China must overcome talent gap to fulfill AI ambitions

There is little doubt that the excitement around artificial intelligence (AI) in China will continue in 2018, but it's worth noting that the country's AI sector is facing a somewhat paradoxical situation.
Source: Global Times | 2018/1/3 22:23:39

Manchester City could be first European club to capitalize on Chinese soccer

When it comes to Chinese acquisitions in European soccer and vice versa, the score is $3 billion-nil. A string of investments in storied European clubs, from Atletico Madrid to AC Milan, stopped abruptly when China put its foot down in 2017. The Abu Dhabi- and Chinese-owned group behind Manchester City could be the first heavyweight to bet the other way.
Source: Global Times | 2018/1/3 22:18:39

Shale resources hold answer to China's LNG supply

China has shown its determination to tackle pollution by shifting from coal to natural gas. But the government is not solely responsible for the gas supply shortage this winter. Oil and gas companies didn't expect or plan for the rapid growth of natural gas demand.
Source: Global Times | 2018/1/2 23:08:40

Better industrial, trade policies can help India cut unemployment among youth

A recent article posted by the Indian Express revealed the sluggish pace of job creation in India in recent years, citing multiple data. Since the country has experienced rapid population growth, it's time to tackle its youth unemployment problem.
Source: Global Times | 2018/1/2 23:08:39

China in driving seat toward greener future

The recent announcement that China will ban production of 553 vehicle models that exceed pollution limits as part of the country's efforts to combat air pollution will not have been a surprise to many Chinese manufacturers, coming only months after the closure of small, ineffective manufacturers of electric vehicles to push consolidation in the sector. However, the new ban restricts the sales of some cars made by Audi, Mercedes and Chevrolet. That will be a shock to the global automotive industry as they have relied on “fleet average” pollution limits, which included the percentages of non-polluting cars they may produce in the coming years. Now all manufacturers must comply with limits for each vehicle sold in China.
Source: Global Times | 2018/1/2 21:53:40

US struggling to meet energy needs despite plentiful resources of natural gas

The US is great at finding natural gas, but not so good at using it. A boom in production has made the country a net exporter of the fuel. But consumers are expected to have used less electricity generated from gas in 2017 than they did a year earlier. Shale's promises of “energy independence” are bumping up against policy and infrastructure obstacles.
Source: Global Times | 2018/1/2 21:53:39

Australia overstates security concerns of Huawei link to Solomons

Australia may be oversensitive to China's growing presence in the Solomon Islands. According to a recent report from the Financial Times (FT), Canberra is poised to block a deal under which Chinese technology giant Huawei would run a seabed cable from Sydney to the Solomon Islands.
Source: Global Times | 2018/1/1 22:58:39

Tale of 'red' village epitomizes China's countryside remaking

Almost 10 years ago, TIME published an article titled “The Richest Reds in China,” which told the story of Huaxi village, East China's Jiangsu Province. Defining Huaxi and its residents as “reds” not only described their political beliefs; it also referred to the organizational model of the village.
Source: Global Times | 2018/1/1 22:48:39

Humans should move toward taxing robots

Since at least 2013, China's industrial robots have had the highest utilization rate in the world.
Source: Global Times | 2018/1/1 22:18:39

European soccer's spending splurge will intensify, yet be grounded in commercial logic

Soccer fans have found a topic as contentious as refereeing decisions: eye-watering transfer fees. The 222 million euros ($266.7 million) that Paris St Germain paid Barcelona for Brazilian star Neymar in August – a sum described by Arsenal manager Arsène Wenger as “beyond rationality” – may not be surpassed in 2018. Nonetheless, clubs will have good reason to open their cheque books even wider.
Source: Global Times | 2018/1/1 22:13:39

China's rising influence in global economy instilling hope in opportunity takers

China is seen by many observers as the country with the greatest potential in the world in 2018. The economic rise of China and its growing influence in international affairs can easily lead to the conclusion that the Chinese economy will increasingly become a beacon of global prosperity.
Source: Global Times | 2017/12/28 21:58:39

China is stronger in AI production and application than the US

In 2017, artificial intelligence (AI) developed rapidly in China, and many Chinese AI companies were inclined to expand their international businesses. It is reported that Alibaba Cloud is going to launch a new data center in India. Global Times reporter Bu Yingna (GT) recently interviewed Hu Xiaoming (Hu), senior vice president of Alibaba Group and president of Alibaba Cloud, to gain more information on the status quo and future trend of AI development in China.
Source: Global Times | 2017/12/28 21:48:39

New energy ambitions underline China's confidence

China is the world's fastest-growing country in terms of new energy development. It took less than a decade for it to become the world's leading installer of wind and solar power.
Source: Global Times | 2017/12/28 20:43:39

Ryan air investors see turbulence, headwinds, storm clouds on the horizon

Ryanair investors are expecting a higher-cost future – but it may be more expensive than they think. More than 2 billion euros ($2.37 billion) has been knocked off the budget airline's market value since it caved in to pilots and recognized unions recently. That's more than the extra staff outlay may be worth. If easyJet is a guide, though, $18-billion Ryanair will have to go further.
Source: Global Times | 2017/12/28 20:38:39