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Tesla’s shift to Shanghai production signals unstoppable rise of China’s electric car sector

There has recently been renewed market speculation over Tesla’s effort to build cars in China, as the Wall Street Journal (WSJ) reported that the US premium electric-car maker has reached an agreement to set up a wholly owned manufacturing facility in Shanghai’s free trade zone. Although a Shanghai official in charge of new-energy vehicle projects was quoted as saying on Monday by Bloomberg that “there is no such agreement,” Tesla’s continuing interest in having its own China plant suggests that China will further open up its emerging market to global auto producers.
Source: Global Times | 2017/10/23 22:18:39

China’s economic governance will benefit entire world

As General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping delivered a speech at the opening session of the 19th CPC National Congress on Wednesday, a new paradigm of economic development and governance was announced that will have a deep impact on China’s future in the 21st century.
Source: Global Times | 2017/10/23 22:18:39

Daimler’s reform drive lacks sufficient horsepower as problems keep mounting up

If Daimler’s cars were as slow as its restructuring, the company would have few customers. The Mercedes-Benz parent has problems aplenty, which bumper third-quarter sales do little to change. A plan to carve out its car and truck units might help lift its valuation if that eventually led to a separate listing. But at the current pace of progress, investors have no reason to give the company much credit.
Source: Global Times | 2017/10/23 22:13:40

Close attention needed for changing copper prices

Big movements in copper prices are often a sign of things to come in the stock market. It is also believed that copper and China’s macroeconomic situation are closely related. Recently, global copper prices have risen, bringing massively increased copper transactions, and some people are wondering why. In my eyes, there are several reasons for it.
Source: Global Times | 2017/10/23 22:13:40

Financial crises show superiority of Chinese model

This year marks the 20th anniversary of the Asian financial crisis and the 10th of the start of the global financial crisis. As these anniversaries coincide with the 19th National Congress of the Communist Party of China, it seems an appropriate time to analyze the achievements and trends of China’s economy in the wake of these major crises and of China’s relations with the rest of the world.
Source: Global Times | 2017/10/22 22:03:40

Long-term mechanism for real estate is coming

The 19th National Congress of the Communist Party of China (CPC) convened on Wednesday. In his speech delivered at the opening session of the Party Congress, General Secretary of the CPC Central Committee Xi Jinping stated that housing is for living in, not for speculation, and the country will move faster to put in place a housing system that ensures supply through multiple sources, provides housing support through multiple channels and encourages both housing purchases and renting.
Source: Global Times | 2017/10/22 18:28:40

Tezos boosted by ICO success but can’t escape traditional financial motivations

Call it teething trouble with tezzies. One of the biggest so-called initial coin offerings (ICOs) to date, which raised some $230 million for a blockchain project called Tezos, has led to a spat between its architects and a Swiss foundation that controls the digital cash, according to a recent Reuters special report. Even in the world of crypto-currencies, traditional financial motivations apply.
Source: Global Times | 2017/10/22 18:28:39

Transition to 5G telecoms network offers China chance to shape global standards

As it makes strenuous efforts to develop mobile technology for the fifth-generation (5G) mobile network, China has an unprecedented opportunity to remake itself from a follower into a leading innovator in the telecommunication industry.
Source: Global Times | 2017/10/19 23:08:39

Improved rule of law a boon for China’s economy

There is every reason to believe that many corporate executives are waiting for more direction from the 19th CPC National Congress before making investment decisions and drawing up development strategies.
Source: Global Times | 2017/10/19 23:08:39

Amid continuing scandals, Japan needs a rethink

On October 16, a fleet of Hitachi-built high-speed trains bought by the British Great Western Railway Corporation (GWR) started operation, on a route from Bristol to London, but it wound up as a total failure as severe delays and water leakage interrupted the journey.
Source: Global Times | 2017/10/19 19:58:39

Indonesia needs more progress on pledged improvements to stave off slowdown

Few central banks have been busier over the last 22 months than Indonesia’s. Despite eight easing moves, however, growth is stuck at 5 percent, lagging China, India, the Philippines and Vietnam. Consumer spending was down an average 1.1 percent in July and August year-on-year.
Source: Global Times | 2017/10/19 19:48:39

What Western observers get wrong in assessing China

China’s “four great new inventions” – high-speed trains, e-commerce, mobile payments and shared bikes – have drawn global attention. But there are widespread misconceptions about the world’s second-largest economy. Yukon Huang (Huang), a senior fellow at the Carnegie Endowment for International Peace (CEIP) and a former World Bank country director for China, recently visited Beijing to discuss his book Cracking the China Conundrum: Why Conventional Economic Wisdom is Wrong. On Monday, just ahead of the start of the 19th National Congress of the Communist Party of China (CPC) on Wednesday, he spoke with Global Times reporter Li Qiaoyi (GT) in an exclusive interview.
Source: Global Times | 2017/10/18 23:28:39

Xi’s speech to CPC Congress offers crucial insights into China’s direction, global role

The speech by General Secretary of the Communist Party of China (CPC) Central Committee Xi Jinping delivered Wednesday at the opening session of 19th CPC National Congress aroused heated discussion at a time when the world is eager to know how changes in China will affect the global economy.
Source: Global Times | 2017/10/18 22:33:39

Solutions to urban pollution may prove complex

Major cities in China and around the world are often shrouded by smog, and this can be exacerbated if they are located in a valley, sheltered from wind. This dirty fog becomes dangerous when sunlight reacts with nitrogen compounds often emitted from vehicle exhaust, especially from diesel, as it forms ozone that attacks weak respiratory systems.
Source: Global Times | 2017/10/18 20:58:39

RBR aiming to unlock hidden value in Credit Suisse but breakup faces conundrum

Calls to action are designed to provoke an immediate response. Such imperatives are understandable in the case of Credit Suisse. Shares in the Swiss lender are 13 percent below the price at which it raised money from investors in 2015 and have underperformed the STOXX Europe 600 Banks index by 23 percent since Tidjane Thiam became chief executive. Even so, a plan to split the Zurich-based group into three faces a capital markets conundrum.
Source: Global Times | 2017/10/18 20:53:39

Entrepreneurship education needs innovation focus

Education is an undertaking of long-lasting significance. Along with an upsurge of entrepreneurship in China, which seems to indicate that mass entrepreneurship has become a national obsession, a campaign-style entrepreneurship education has also become trendy among Chinese universities and colleges.
Source: Global Times | 2017/10/17 22:08:39

Success in maintaining food security in China contributes to global economic stability

China’s grain production will likely remain above 600 million tons this year, news portal reported on Tuesday, citing estimates from the Ministry of Agriculture.
Source: Global Times | 2017/10/17 22:03:40

Global investors show their belief in China’s economy

There has been a healthy net inflow of foreign capital into the Chinese mainland’s securities market so far in 2017. Owing to the Shenzhen-Hong Kong and Shanghai-Hong Kong stock connect mechanisms, a large number of overseas investors now have access to the A-share market. From January to September 2017, the northbound net inflow totaled 155.5 billion yuan ($23.59 billion), exceeding the total amount seen in 2015 and 2016. Just in September, the northbound net inflow reached nearly 21 billion yuan.
Source: Global Times | 2017/10/17 19:03:39