BUSINESS >> Comments

China should not intervene too much in exchange rate

China’s exports increased by 5.5 percent year-on-year in US dollar-denominated terms in August, customs data showed, missing market expectations for a 6 percent increase and lower than last month’s 7.2 percent. Dollar-denominated imports, however, jumped by 13.3 percent year-on-year in August, beating analysts’ forecast of a 10 percent rise and higher than the previous month’s 11 percent. As such, the country’s trade surplus narrowed last month.
Source: Global Times | 2017/9/12 20:28:39

Insurtech behemoth has impressive backing but current valuations seem excessive

China’s “insurtech” star is overemphasizing the tech part of that combination. Zhong An was founded by the chairmen of Internet heavyweights Alibaba and Tencent, Jack Ma and Pony Ma, and their counterpart at Ping An, the insurer, Ma Mingzhe.
Source: Global Times | 2017/9/12 20:23:39

SOE mergers should avoid creating monopolies and reducing efficiency

Restructuring of China’s strategically important State-owned enterprises (SOEs) has gained impetus of late, in Beijing’s implicit attempt to prepare its behemoth national businesses for global market competition and turn them into corporate leaders for the 21st century.
Source: Global Times | 2017/9/11 21:43:39

Chinese firms should emulate Apple’s global manufacturing strategy for true success

Techno-geeks around the world are waiting with bated breath for the release of the most expensive iPhone that Apple has ever made, an event that was scheduled for Tuesday (US time) at its new headquarters in Cupertino, California. The financial markets, meanwhile, are waiting to see whether the new iPhone 8 will boost Apple’s market capitalization, which was about $830 billion at the end of last week.
Source: Global Times | 2017/9/11 21:28:40

India groaning under burden of outdated railways

India has had four train derailment accidents in the last few weeks. One of the accidents, in Uttar Pradesh on August 19, killed 23 people and injured more than 150 people. This series of serious accidents led to the resignations of Minister of Railways Suresh Prabhu and Chairman of the Railway Board A.K. Mittal.
Source: Global Times | 2017/9/11 21:23:39

Swedish banks overlooked by investors despite healthy structure, solid dividends

The likes of SEB, Handelsbanken and Nordea are stable, well capitalized and dull. Investors have spurned them in favor of eurozone banks. Yet the Swedes’ generous dividends are attractive – and if Nordea’s move to Finland leads to lighter regulation, they may get more so.
Source: Global Times | 2017/9/11 21:23:39

China, Zambia must enhance industrial cooperation

China and Zambia have had a long history of exchanges and maintained a positive, stable bilateral relationship over the years. Under the commitment of the Forum on China-Africa Cooperation, China has constructed the Zambia-China Economic and Trade Cooperation Zone. However, based on the current investment situation, there are several major challenges to address.
Source: Global Times | 2017/9/10 19:53:39

China-Europe train services changing structure of international logistics sector

Rising rail freight volume between China and Europe is posing competition not only for maritime shippers but also for the air cargo sector, pointing to the potential of a regional multimodal freight system.
Source: Global Times | 2017/9/10 19:53:39

Investors, authorities should be aware of ICO risks

Various investment scams like Fanya Metal Exchange, Ezubao and Shanxinhui have emerged in China in recent years.
Source: Global Times | 2017/9/10 19:38:39

Facebook needs to remedy dodgy data calculations to realize growing TV ambitions

Facebook could do with some new friends in data. Its estimated audience doesn’t square with an official US demographic tally. A growing list of counting problems could spell trouble as the $500 billion social network pushes into streaming and other higher-value material.
Source: Global Times | 2017/9/10 19:33:39

Historic cycles to signal new round of growth in China

Chinese analysts are prone to rely on economic cycle theories. Since ancient times, Chinese classics have discussed cycles in the agrarian economy. As commodity prices are resurging after a plunge between March and June, pundits are once again invoking economic cycle theories to point to the beginning of a “new economic cycle.”
Source: Global Times | 2017/9/7 20:53:39

Artificial intelligence becomes new arena of competition for talent among tech firms in China

Alphabet Inc’s Google is reportedly snapping up Chinese experts to specialize in artificial intelligence (AI) and machine learning for its Beijing office, a move underlining the fierce race for AI talent in the country.
Source: Global Times | 2017/9/7 20:48:39

Chinese market presents opportunity for Malaysia

Malaysia and China recently announced a massive economic and trade collaboration project related to Malaysia’s East Coast Rail Link (ECRL), which will connect Peninsular Malaysia’s east and west coasts.
Source: Global Times | 2017/9/7 20:48:39

Bell Pottinger’s looming downfall reflects growing difficulties facing PR industry

A prime rule of public relations is to not become the subject of the story. Bell Pottinger has broken that maxim in every way imaginable. The UK corporate communications firm is in meltdown following its work on a highly divisive campaign in South Africa. Though poor management is partly to blame, disruptions prompted by the rise of online media also played a role. It’s a red flag for an industry that has so far avoided the woes of traditional publishers.
Source: Global Times | 2017/9/7 20:38:39

Time for BRICS to broaden their domestic-currency bond markets

With the BRICS Xiamen Summit having just concluded, it is high time to reflect on what could generate new momentum for the bloc’s next stage of development. This reflection can benefit from a longer-term perspective.
Source: Global Times | 2017/9/6 23:28:39

Helping Myanmar achieve stability can provide common ground for China, India

Rising violence in Myanmar’s western Rakhine state is a sensitive issue, and discussion of it cannot be evaded by Indian Prime Minister Narendra Modi during his ongoing visit to Myanmar, but it seems India does not have much power to help stabilize the situation in Rakhine.
Source: Global Times | 2017/9/6 23:23:39

China and Brazil should focus on economic synergy

The BRICS Xiamen Summit concluded on Tuesday, with China and Brazil having agreed to deepen their cooperation in all aspects. According to China’s Ministry of Commerce, China has been Brazil’s principal trading partner for the past eight years.
Source: Global Times | 2017/9/6 23:18:39

Conditions right to strengthen economic cooperation between Russia, Asian countries

More than 4,200 people from about 50 countries including China have gathered in Russia’s eastern port city of Vladivostok to take part in the Eastern Economic Forum (EEF), which opened on Wednesday and lasts until Thursday.
Source: Global Times | 2017/9/6 23:13:39