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Malaysia still a promising market for Chinese firms

Although there have been some setbacks in Belt and Road (B&R) projects, China and Malaysia are exploring more cooperation opportunities not limited to infrastructure projects. Since Malaysian Prime Minister Mahathir Mohamad came to power, the country has been recalibrating its relationship with China. Many Chinese enterprises have been deterred from making investment decisions due to the possible future uncertainties. Global Times (GT) correspondent Bai Yunyi interviewed Will Fung (Fung), chairman of the Malaysian Chamber of Commerce and Industry in China, to try and understand the position of the new Malaysian government on Chinese companies and investment.
Source: Global Times | 2018/9/3 20:13:41

Campbell needs to find new recipes for success following bout of stale performance

Campbell Soup's lukewarm sales pitch is begging for a real cook. The $12 billion canned food and snack company is trying to sell its fresh and international brands while cutting costs in its stagnant core business. It is leaving the door open for a sale, but that's unlikely to appease activists like Third Point's Dan Loeb.
Source: Global Times | 2018/9/3 20:13:40

Better coordination with AU to promote B&R in Africa

Since last year, African countries have sought more of a voice in the international arena. In particular, smaller countries on the continent have more say on matters about Africa, and that's posed new challenges for the Belt and Road (B&R) initiative.
Source: Global Times | 2018/9/2 22:23:40

China's investment aims to upgrade emerging economies, not worsen debt problems

Some Western observers claim that China is leveraging debt to gain control of Africa's strategic infrastructure, and they have thus branded the Belt and Road (B&R) initiative a debt-trap strategy.
Source: Global Times | 2018/9/2 22:23:40

End is coming for rising trend in US stock market

The US stock market achieved the longest rise in its history on August 22, with the Standard and Poor's 500 index up by 230 percent since 2009. Although this wasn't the biggest increase in a bull market, it marked the longest period of increasing share prices.
Source: Global Times | 2018/9/2 19:38:39

Basic problems with accounting practices still holding back recovery in Puerto Rico

Puerto Rico's revival relies on re-establishing the certainty of death and taxes. The island's governor, Ricardo Rosselló, on Tuesday put the official death toll from last year's Hurricane Maria at 2,975, citing the calculations of an independent study he had commissioned. That's a 46-fold increase on the initial count of just 64 fatalities. The delay is emblematic of wider problems that are hobbling Puerto Rico's recovery.
Source: Global Times | 2018/9/2 19:33:39

China's consumption is changing, not downgrading

There is heated discussion online as to whether China is experiencing a consumption downgrading. Many claim that household budgets are under pressure, spending is being reduced and prices have become a decisive factor when consumers are faced with similar products.
Source: Global Times | 2018/8/30 22:53:44

Beijing, Europe shouldn't engage in 'big power' game in relations with African countries

British Prime Minister Theresa May's trip to Africa has generated vigorous debate, as she said the UK intends to be the continent's largest foreign investor within four years. Some countries have recently been giving greater importance to their relationships with Africa, putting the emerging continent under the in-ternational spotlight.
Source: Global Times | 2018/8/30 22:53:41

Sri Lanka not pressured into loan deal with China

With its strategically important geographic location, Sri Lanka has become a key point in the China-proposed Belt and Road (B&R) initiative. But after a port project developed by Chinese companies in Sri Lanka failed to achieve satisfactory performance and was acquired by Chinese firms, projects under the B&R initiative have become a target of rising global criticism. However, Sri Lankan Ambassador to China Karunasena Kodituwakku (Kodituwakku) painted a completely different picture of the situation in a recent interview with Global Times (GT) reporter Wang Cong.
Source: Global Times | 2018/8/30 21:03:41

Need for jobs means S.Korea's chaebol overhaul plans may have to be softened

South Korea's chaebol overhaul is running into economic reality. The country's competition chief just unveiled new rules to rein in multi-layered conglomerates, in what will be the first rewrite of antitrust rules in nearly four decades. Slowing growth, however, has made the likes of Samsung even more important to the country's jobs plight. That means corporate governance reform will probably wind up weaker than originally anticipated.
Source: Global Times | 2018/8/30 21:03:40

India can benefit from ongoing Sino-US trade dispute to increase exports to China

With China announcing plans to put tariffs of up to 25 percent on $60 billion of US goods, certain Indian products may become more competitive in the Chinese market. This will probably offer a chance to improve ties between the two emerging Asian powers and upgrade their trade structure.
Source: Global Times | 2018/8/29 22:08:42

Globalized yuan can lend support to B&R initiative

The Belt and Road (B&R) initiative has achieved some success and gained some international influence, but it's been a tough process. Despite the considerable amount of resources invested, the positive economic and political effects are still limited. The initiative has also encountered some criticism on debt issues, investment efficiency and sustainability.
Source: Global Times | 2018/8/29 22:03:42

US policies run risk of creating new financial crisis

The US economy is doing well. But the next recession – and there is always another recession – could be very bad.
Source: Global Times | 2018/8/29 20:43:41

Long, hard road ahead to renegotiate NAFTA despite signs of progress with auto deal

A deal between the US and Mexico is only the start of a tough road to renegotiate the North American Free Trade Agreement (NAFTA). Now Canada will rejoin the talks but hurdles like dispute panels remain. US President Donald Trump's fresh outburst at Canada on Monday will also make it hard to close the pact by the end of this week.
Source: Global Times | 2018/8/29 20:43:40

Keeping a lid on inflation must be priority in China

While recent official Chinese data suggest there was only a mild increase in the nation's Consumer Price Index (CPI) in July, the figure may have failed to capture the full picture. There have been abundant signs of rising inflation across the board, from healthcare to food to housing, and policymakers must be vigilant about the potential negative impact of high inflation on the economy and living standards.
Source: Global Times | 2018/8/28 22:13:42

Complex reshaping of industry chains means Sino-US trade dispute likely to drag on

The US and Mexico have reportedly reached a breakthrough in efforts to revamp the North American Free Trade Agreement. Some may believe the progress made by the US in advancing free trade is good news for the ongoing trade tension between China and the US, but the trade dispute between the world's two largest economies is unlikely to end soon.
Source: Global Times | 2018/8/28 22:13:41

McCain showed independent streak that remaining Republicans should learn from

John McCain was a financial maverick for a Republican. The Arizona senator, who died on Saturday after battling brain cancer, was famous for his independent streak. His last major contribution in Congress, before his illness forced him to stay close to home, was to help block his party's push to repeal Obamacare. McCain refused to toe the line on Wall Street, including on reining in firms from Goldman Sachs to Credit Suisse after the financial crisis.
Source: Global Times | 2018/8/28 19:43:40

CPEC offers win-win situation for 'iron brothers'

The China-Pakistan Economic Corridor (CPEC) is being widely discussed and covered in the media, but the relations between Pakistan and China go much further than the CPEC. We are strategic partners and our relationship has a long history. Chinese traders used to pass through Pakistan several thousand years ago.
Source: Global Times | 2018/8/28 19:43:39