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More work needed for China's rise in industrial world

Since reform and opening-up began in 1978, China's industrialization has accelerated and taken off, growing at an extraordinary pace. Some observers believe the country has reached the middle-to-late phase of industrialization. But I would argue, more cautiously, that the nation remains in the middle phase of industrialization.
Source: Global Times | 2018/4/3 21:33:39

India must rethink attitude toward Nepal's changing relationship with China

China is not fighting India for spheres of influence, but China-related topics are still likely to be a major concern during Nepalese Prime Minister KP Sharma Oli's impending India visit, which is scheduled to start on Friday.
Source: Global Times | 2018/4/3 21:28:39

Quitting Iran deal will jeopardize regional stability

US President Donald Trump has been threatening to withdraw from the Iran nuclear deal. On January 12, Trump claimed in a statement “I am waiving the application of certain nuclear sanctions, but only in order to secure our European allies' agreement to fix the terrible flaws of the Iran nuclear deal.” It means the US may quit the nuclear deal in May. While it is unlikely to impact China's energy security, if the US resumes sanctions on Iran, it will put a halt to Chinese investment projects.
Source: Global Times | 2018/4/3 18:58:40

Facebook's size is its other looming problem as its social contract comes unstuck

Facebook's social contract is coming unstuck. Its users provide massive amounts of data, which the company uses to sell advertising. In return, it provides a free service. The same is true of search engine Google. But while more data makes Google's service better and more accurate, it has tended to make Facebook less entertaining. Now with questions about how Facebook data was used in political campaigns, this could make users more wary of the trade-off.
Source: Global Times | 2018/4/3 18:28:40

Cooperation should set the course for China-US ties

US President Donald Trump has signed a memorandum to impose tariffs on up to $60 billion in Chinese products and restrict mergers and acquisitions by Chinese companies. This move has triggered strong reactions among global financial markets.
Source: Global Times | 2018/4/2 21:48:39

Smartphone vendors need to pause investment in India to avoid price wars

Chinese smartphone makers may need to be more careful about capacity expansion in India now that the nation has become the world's No.2 mobile phone producer. Data from the Indian Cellular Association showed annual production of handsets in India rose from 3 million in 2014 to 11 million in 2017, according to Indian news agency PTI. Many of the handsets sold in India came from China-based vendors, which had a collective market share of 53 percent in 2017, compared with 34 percent in 2016, according to market research firm IDC.
Source: Global Times | 2018/4/2 21:43:39

Do tech companies need tighter oversight?

In the wake of recent high-profile tech scares, such as a fatality involving an Uber self-driving car and Facebook's alleged mishandling of users' personal data, stricter regulation of the industry – along the lines of, say, the financial sector – has become the policy question du jour. Stock-market values for leading tech companies are down – or perhaps just becoming more volatile – in the light of such concerns.
Source: Global Times | 2018/4/2 17:43:40

Chinese food-to-taxis app offers half-baked IPO as it wages campaigns on all fronts

Meituan-Dianping needs more time in the oven before it is fit for public consumption. The Chinese takeaways-to-taxis startup has selected banks to help it prepare for a Hong Kong listing, Reuters reported. At this stage in the group's life, prospective investors could suffer indigestion.
Source: Global Times | 2018/4/2 17:43:39

India destined to participate in the B&R initiative

The attitude of India toward the Belt and Road (B&R) initiative has been making headlines. Although doubts remain, I believe that India will participate sooner or later, because for India, the advantages of being an active participant far outweigh the disadvantages.
Source: Global Times | 2018/4/1 21:58:40

Youth exchanges can build new economic bridges between China, Indonesia

China's relations with some Southeast Asian countries have long been affected by Asia's complex historical disputes, but exchanges and cooperation among young people offer the best chance to resolve regional conflicts.
Source: Global Times | 2018/4/1 21:58:40

Benchmark-tracking investment riskier than it looks

Inflows into exchange-traded funds (ETFs) approached $500 billion last year, according to Even with February's market ructions, another $64 billion arrived in just the first two months of the year. Research firm Bernstein claimed that investors who adopt passive strategies are free-riders who abrogate their responsibility to allocate capital intelligently. They may have a point. But a more pressing, and less widely aired, concern is the threat posed to financial stability by the newfound dominance of benchmark-tracking funds.
Source: Global Times | 2018/4/1 18:58:40

Rocket-fueled stocks finally feel the burn on concerns investors once largely ignored

A collection of rocket-fueled stocks are finally feeling the burn. Amazon, Tesla and Facebook have shed billions of dollars in recent days on concerns investors once largely ignored.
Source: Global Times | 2018/4/1 18:58:39

Rethinking its identity will help Australia gain correct understanding of China's rise

Australia needs to rethink the role Chinese investment plays in its economy, an Australian official has said.
Source: Global Times | 2018/3/29 23:08:43

'Petroyuan' to propel currency internationalization

The Shanghai debut of China's first yuan-denominated crude futures trading market on Monday proved a great success, with major domestic and foreign traders displaying active interest. Total turnover amounted to 18.3 billion yuan ($2.9 billion) on the first trading day.
Source: Global Times | 2018/3/29 21:43:41

Best way to fix UK gender pay gap would be financial penalty for failure to comply

Good intentions are sometimes insufficient. That may be the case when it comes to closing Britain's gender pay gap. Prime Minister Theresa May could speed things up by aligning the interests of women with those of investors.
Source: Global Times | 2018/3/29 21:43:40

Mukesh Ambani aims for entertainment earnings with music streaming merger

Mukesh Ambani is playing a new tune. India's richest man, through his flagship conglomerate Reliance Industries, is merging two music-streaming services into one worth $1 billion. Reliance is following a well-trodden path of telecom operators dabbling in music, movies and other entertainment to attract subscribers. As his oil-to-retail giant starts to throw off cash, the tycoon could take his content ambitions to another level.
Source: Global Times | 2018/3/28 22:17:01

China is helping to empower African women

China's interaction with Africa has been attracting considerable attention lately, with billions of dollars provided in the form of preferential loans to support the continent's infrastructure, manufacturing, education, trading and sustainable development.
Source: Global Times | 2018/3/28 22:17:01

Crude oil futures another step toward a global yuan

A special moment came at 9am on Monday morning when the Chinese version of crude oil futures began trading in China. The Shanghai International Energy Exchange has drawn global attention with this move.
Source: Global Times | 2018/3/28 21:48:40