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Integrated strategies upgrade China-Cambodia ties

“To build a community of shared future with strategic significance between China and Cambodia.” It is an important expression for China and Cambodia's decades long friendship and cooperation.
Source: Global Times | 2019/1/24 19:59:55

Too soon for China to sell US bonds amid trade tiff

With China-US trade talks continuing, it may be too early to think China would slash its US Treasury holdings significantly.
Source: Global Times | 2019/1/24 19:53:41

Beijing has abundant ammo in its policy toolkit to keep the economy from stalling

The growth of China's economy cooled to 6.6 percent last year, a natural slowdown resulting from the government's deleveraging attempt earlier in the year, and the escalating tariffs war between the world's top two economies which has disrupted trade flows and dented corporate investment enthusiasm in the second half.
Source: Global Times | 2019/1/24 19:53:40

CPEC to play larger role in driving Pakistan's economy

China and Pakistan have decided to widen the scope of the China Pakistan Economic Corridor (CPEC), the Economic Times reported, adding that the two countries have signed new agreements to launch industrial, agricultural and socio-economic projects under this initiative.
Source: Global Times | 2019/1/23 22:58:40

The US-China tug-of-war will keep going, but it still has to be a friendly game

Relations between China and the US have experienced bad times and good times over the several decades. The two countries, overall, have been living in peace with each other with only occasional small spats. The stable development of US-China relations has been the main reason that world economy is gaining momentum. Without it, there would be no stable globalization nor the last 40 years of prosperity for the world.
Source: Global Times | 2019/1/23 22:53:39

Wild success of online survival game Fortnite has caught entertainment titans off guard

Fortnite is battling media titans into a corner. The smash-hit video game may have raked in as much as $2.4 billion in 2018 sales, industry tracker SuperData estimates, more than any Hollywood blockbuster last year. Netflix said last week that it is threatened too, in the fight for viewers' attention. Success comes from the mass appeal: young and older gamers are hooked. Both traditional movie outfits and streaming giants are right to be alarmed.
Source: Global Times | 2019/1/23 16:33:40

New regulations needed for China's stock market

China's stock market, which started from scratch in the 1990s, is now undergoing a period of transition and transformation, with many basic institutional arrangements still missing. Here are some thoughts about defining the basic institutional arrangements.
Source: Global Times | 2019/1/23 16:28:40

CPEC's crucial role in China-Pakistan relationship deserving of respect, not slander

Pakistan has currently issued around $95 billion of outstanding foreign currency debt. It is a really huge amount and Pakistan's economy may not be able to sustain such a huge debt burden. Pakistan may even experience difficulties servicing this amount of debt, especially as their exports have been declining over the past few years. The other main source for Pakistan's foreign exchange reserves was the remittances from overseas Pakistanis, but this has also declined for the last few years.
Source: Global Times | 2019/1/22 21:31:59

Border economic zone can support stable ties with Myanmar

Work on establishing an economic cooperation zone along the China-Myanmar border has reportedly started, with priority given to sectors including manufacturing. Amid signs of rising anti-Chinese sentiment in Myanmar, the project is likely to be a good starting point in maintaining stability in the border area.
Source: Global Times | 2019/1/22 21:31:37

Musk's rare openness about the company's financial state could serve Tesla well

Elon Musk is adding to the gloom that has enveloped much of the automotive sector in recent months. Tesla's Chief Executive on Friday effectively issued the firm's first profit warning. In an email to employees he wrote that he would be reducing staff by 7 percent.
Source: Global Times | 2019/1/22 17:27:06

Trade conflict dampening global innovations

The annual international Consumer Electronics Show (CES), which was held from January 8 to 11 in Las Vegas this year, is now indeed a stage for global innovative products. Attracting nearly 200,000 global exhibitors, the 2019 CES showcased the latest breakthrough technologies across the high-tech industry, including but not limited to traditional home appliances, imaging technology, smartphones, and various software and hardware technologies.
Source: Global Times | 2019/1/22 17:18:41

China's birth dearth having profound impact on economy

China's demographic structure is changing faster than expected, and its impact on the economy will be immense.
Source: Global Times | 2019/1/21 20:48:38

SMEs in China need to adapt to financial liberalization in order to benefit from it

China's wave of bond defaults in 2018 seems to have continued into 2019, with Kangde Xin Composite Material Group Co failing to make principal and interest payments on its corporate bond due January 15. According to the company's announcement at the Shanghai Clearing House on January 14, due to a liquidity crunch, it is likely to default on the payments of two corporate bonds due January 15 and January 21, respectively, worth a combined 1.5 billion yuan ($220.98 million).
Source: Global Times | 2019/1/21 20:46:43

Vanguard's Bogle, defining value in more than one way, saves investors untold billions

John Bogle, the founder of Vanguard who died on Wednesday, defined value in more ways than one. He turned the once frowned upon idea of tracking the broad stock market into the dominant form of investing. Instead of pursuing personal riches, he spread the ethos of low-cost fund management, saving investors untold billions and building the mutually owned firm into a $5 trillion juggernaut.
Source: Global Times | 2019/1/21 17:03:39

Postponed yuan-ruble settlement deal not a setback

The local currency settlement negotiations between China and Russia were initiated after the 2008 global financial crisis. Yuan-ruble payments have been conducted regularly over the last 10 years, from initially more ruble settlements to increased settlement with the yuan. After several attempts over the years, the negotiations started to touch the substantial issues, with 2018 being a crucial year for the negotiations. The two sides are planning to reach an agreement that regulates the current yuan-ruble payment.
Source: Global Times | 2019/1/21 16:53:39

Will Huawei see brain drain after CFO's arrest?

Amid difficulties involving the arrest of Huawei CFO Meng Wanzhou, the Chinese telecoms company has drawn attention as netizens wonder how the giant will develop its human resources to maintain normal operations and avoid a brain drain among senior executives.
Source: Global Times | 2019/1/20 21:19:10

Chinese, Indian EV manufacturers should travel the long and windy road together

While implementation-specific details may be missing from India's ambitious electric vehicle (EV) goal for 2030, its market potential still represents an opportunity for Chinese EV players as long as the Indian government's incentive policy is favorable enough.
Source: Global Times | 2019/1/20 19:43:40

US airlines get a stress testing with lingering government shutdown, trade tariffs

What's the cost of the US shutdown for businesses? Delta Airlines has taken a guess: $25 million of revenue for every month the government stays closed. Big deal. Like the market plunge that hit bank earnings in the last financial quarter, the shutdown has high visibility but little lasting impact. Investors are focused on risks that are much bigger and harder to visualize.
Source: Global Times | 2019/1/20 14:54:17