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With India's general election on the horizon, the shining record of Modinomics faces bumpy road

The Indian general election will kick off next month. It will be the final exam for the Modi administration. With the success of Modinomics in Gujarat, Modi's Bharatiya Janata Party created a miracle five years ago. By analyzing both the gains and losses of Modinomics, a better understanding of India can be gained.
Source: Global Times | 2019/3/26 19:58:40

China needs to narrow gap with the US in AI

China's artificial intelligence (AI) industry has enjoyed a huge boom in recent years, with the government and companies both attaching much importance to AI amid the technology's growing popularity. Foreign media are also generally bullish, believing that with its great potential, China's AI sector may even overtake the US one day.
Source: Global Times | 2019/3/26 15:28:40

Pinterest boasts healthy balance sheet, but slow US growth could pose a challenge

Pinterest's future relies on pegging global sales growth. The social scrapbooking app has a healthier balance sheet than other startups going public. Revenue growth has outpaced expenses, shrinking its net loss by 65 percent over two years to $63 million. Most of its user expansion, though, comes from overseas enthusiasts, still far less lucrative than those at home.
Source: Global Times | 2019/3/26 15:23:40

Energy cooperation can be among BRI's mutual benefits

China needs to reduce its dependence on imported crude oil, which reportedly stood at nearly 70 percent in 2018, because energy security is a matter of national security.
Source: Global Times | 2019/3/25 20:23:39

Closer Vietnam relations will eliminate uncertainties

Last year was marred by a series of economic shocks. In 2018, the World Trade Organization faced an unprecedented crisis, and the global trade order suffered clashes because of a tariff war launched by the US.
Source: Global Times | 2019/3/25 19:48:39

Rough first quarter means traders will continue to drag down lenders' group profitability

Albert Einstein defined insanity as endlessly doing the same thing while expecting a different result. By that yardstick, global investment banks are off their rockers. New year optimism about rising rates and greater volatility boosting market revenue has been summarily dashed. Instead, trading arms will continue to disappoint.
Source: Global Times | 2019/3/25 19:43:39

The US only hurts itself by pointing fingers at China-proposed Belt and Road Initiative

The United Nations Security Council extended the mandate assistance mission in Afghanistan on March 15. Unlike before, it only gave a six-month extension rather than one year. The reason for the shorter extension is that the US opposed China's attempt to write the Belt and Road Initiative (BRI) into the resolution. Wu Haitao, China's Deputy Permanent Representative to the UN, described the smear by the US regarding the BRI as “contrary to the facts and fraught with prejudice.”
Source: Global Times | 2019/3/25 18:08:39

China open to third countries' roles in Hambantota

China is expected to adopt an open attitude toward the increasing presence of third countries in the Chinese-leased Hambantota port in Sri Lanka. Investment from third countries will help the port enhance its competitiveness, making the country a regional logistics hub standing shoulder-to-shoulder with Singapore.
Source: Global Times | 2019/3/24 20:25:15

Stronger 'state capacity' will help India overcome obstacles, push forward economic development

India is one of the fastest-growing economies in the world. However, the country has to overcome some overbearing obstacles as it pushes forward economic development and catches up with the latest advances in industrialization and modernization. In order to achieve such an objective, the Indian central government has to tackle two tasks that may contradict each other.
Source: Global Times | 2019/3/24 15:58:39

Citic and CLSA still have plenty of reasons to get along despite differences and bosses' departure

CLSA will survive the departure of its bosses. Jonathan Slone is quitting, shortly after its chairman left. The moves have led to whispers of a culture clash with Citic Securities, which bought the Hong Kong brokerage for $1.3 billion in 2013. Bank mergers are always challenging. Still, it's too early to write this one off.
Source: Global Times | 2019/3/24 11:38:39

Weakening German economy needs a dose of tax cuts

A weakening economy has rekindled an old debate: Does Germany need tangible tax relief for its workforce and enterprises in order to remain internationally competitive? Or should taxes go up to provide more funds for social programs and public investment?
Source: Global Times | 2019/3/24 11:28:42

Italy's plan to join the Belt and Road Initiative a pragmatic path to boosting its economy

Italy is set to be the first G7 country to join the China-proposed Belt and Road Initiative (BRI) by signing on to the initiative with China, a development that is expected to meet the respective needs of both sides.
Source: Global Times | 2019/3/21 20:03:41

China won't repeat Japan's lost years in US trade deal

As China and the US reach the final stage of negotiations over a deal that could end the trade war, some are worried that the agreement may result in lost decades for the Chinese economy, just like what the Plaza Accord did to Japan in the 1980s.
Source: Global Times | 2019/3/21 20:03:40

Six Nations Championship faces dilemma between taking CVC bid or giving global league a try

Rugby Union teams awarded a penalty near the opponent's goal line face a dilemma. Should they kick a penalty between the H-shaped posts and earn an easy three points, or attempt to ground the ball beyond the posts for a so-called try, earning seven? That's one way to think about the choice between a 500 million pound ($663 million) private equity bid from CVC Capital Partners for the Six Nations Championship, and a more ambitious 5 billion pound plan by governing body World Rugby for a wider global league.
Source: Global Times | 2019/3/21 19:43:40

Potential for EU imports to China can be explored

Recently, the European Commission and the EU's diplomatic service jointly issued a policy paper, which labeled China an “economic competitor” and a “systemic rival,” marking a tougher tone from the EU on China.
Source: Global Times | 2019/3/21 19:38:40

Burning Chinese goods will hurt investors' confidence in India

While anti-China sentiment is on the rise, a key question for India is how to deal with made-in-China products: burning them, or replacing them with made-in-India products? The latter is better.
Source: Global Times | 2019/3/20 20:43:40

Wall Street will play big part in making German regional banking champion through merger

Overexcited, overpaid and over here. The comic line once aimed at American soldiers in Europe also summarizes the involvement of US banks in the possible merger of Deutsche Bank and Commerzbank. If the deal happens, it could owe much to Wall Street nous.
Source: Global Times | 2019/3/20 17:13:40

China's adaptability can handle economic changes

Those who have followed China's trajectory since 1949 can admire the resilience and the adaptability of Chinese policymakers to global economic changes, geopolitical shifts and nation building, based on scientific planning with corrections along the way.
Source: Global Times | 2019/3/20 17:03:40