BUSINESS >> Comments

US market tumble ominous for Trump's policies

The US stock market rout has triggered fears that the bull run that followed the 2008-09 financial meltdown will be derailed. Affected by the US tumble, global markets fell, with the Shanghai Composite Index declining more than 1.8 percent on Wednesday.
Source: Global Times | 2018/2/7 22:48:41

Solving inherent problems can help mainland stocks find fair value

The weak performance of stocks on the Chinese mainland in the past two days could be a wake-up call that the domestic equities market is vulnerable to a short-term correction.
Source: Global Times | 2018/2/7 22:48:40

China, S.Korea can lead global smart city trend

South Korea is planning to develop Sejong and Busan into smart cities by 2023 as an exploration of smart city models, according to media reports in the country. Nowadays, all major countries are competing to build smart cities, with China, Japan, South Korea, Malaysia and Singapore all making efforts to build smart cities based on their respective national conditions.
Source: Global Times | 2018/2/7 22:43:41

Modest but achievable target makes sense for BNP Paribas as rivals struggle

Europe's recovering economy can help BNP Paribas clear a low return bar. Aiming for a return on equity (ROE) of 10 percent – roughly in line with the French bank's cost of capital – over the next two years might suggest a lack of ambition. Crucially, however, the target also looks achievable at a time when many rivals appear unable to escape from single-digit returns.
Source: Global Times | 2018/2/7 22:43:40

Weak Fed chief means world faces excess US dollars

Quantitative easing (QE) is over in the US, but an easy-money policy continues. This is the current monetary policy stance adopted by the US Federal Reserve. As a result, the US dollar started 2018 with a rapid decline.
Source: Global Times | 2018/2/6 23:53:40

Samsung chip deal underlines China's quest for mutual benefits of development

A cooperation agreement recently reached between China's top economic planner and South Korea-based Samsung Electronics, the world's largest memory chip producer, is proof that China's move toward higher-end manufacturing and the nation's push for greater self-sufficiency, especially in high-technology industries, are not intended to tilt the Chinese market into a zero-sum game.
Source: Global Times | 2018/2/6 23:53:39

Huawei's success offers answer to US trade friction

Chinese telecom giant Huawei has drawn global attention with its new triple-camera smartphone, ahead of the Mobile World Congress. It shipped 153 million smartphones in 2017, taking a 10 percent share of the global market. In the Chinese market, the company has absolute dominance with a market share of 19 percent.
Source: Global Times | 2018/2/6 23:48:40

San Miguel aims to consolidate alcohol and food units but figures don't add up

San Miguel has an alcohol problem. The Philippine conglomerate run by billionaire Ramon Ang is consolidating its beer and liquor businesses with its Manila-listed producer of meat, poultry and feed. A complex share swap suggests the enlarged San Miguel Pure Foods would be worth some $9.1 billion. It trades at a discount, however.
Source: Global Times | 2018/2/6 23:48:39

Lower growth can tame risk of 'gray rhinos' in China

As socialism with Chinese characteristics has entered a new era, the nation's economy has turned out to have two distinct sides. On the one hand, the economy is seen to be stabilizing, with indicators for 2017 beating expectations. The three wagons pulling the economy – investment, exports and consumption – all gained steam over the past year, while the new economy flourished.
Source: Global Times | 2018/2/5 22:23:40

With pragmatic attitude from London, B&R can boost 'golden era' in Sino-UK relations

China and the UK should pursue a consensus on co-developing the Beijing-proposed Belt and Road (B&R) initiative, which can be an ideal way to enable the continuation of the “golden era” in bilateral relations.
Source: Global Times | 2018/2/5 22:23:39

Reasons to be happy about Apple's local data deal

Apple's much-hyped China data center – which is reportedly scheduled to be launched in early 2020 – is proof that the tech giant is moving proactively to align itself with China's internet security regulations.
Source: Global Times | 2018/2/5 22:18:40

Investors in Deutsche Bank digesting yet more bad news after latest annual loss

John Cryan is “not yet satisfied” with Deutsche Bank's results, following a third consecutive annual net loss. He can say that again. Last month's profit warning meant investors knew what was coming, but Deutsche still managed to give them an unpleasant surprise.
Source: Global Times | 2018/2/5 22:18:39

A bubble not always bad if it leads to investments

What is the biggest bubble in the world today? The yuan. A bubble is not always bad, but the question is what to do after the bubble bursts?
Source: Global Times | 2018/2/5 0:08:39

China can respond if India breaks status quo in disputed border area

Indian Finance Minister Arun Jaitley recently proposed construction of a new tunnel in the so-called “Arunachal Pradesh”(called South Tibet in China). If India seeks to break the status quo in the disputed region, relevant countermeasures by China should be in place.
Source: Global Times | 2018/2/5 0:08:39

Criticism of China exposes US' protectionist instincts

The US has recently enacted a number of trade remedy measures that have not only aggravated uncertainty about the global economic outlook, but also greatly damaged the reputation of the US in an era of globalization. However, when US Commerce Secretary Wilbur Ross made a speech at the World Economic Forum in Davos, he failed to reflect on these US mistakes and blamed the climate of trade protectionism on China. It is worth pondering who is genuinely undertaking trade protectionism.
Source: Global Times | 2018/2/5 0:03:39

Facebook changing some controversial aspects but results may not suit investors

When Mark Zuckerberg worries, investors should listen. The Facebook founder and chief executive has been flagging for months that ad revenue was set to slow. Now, tweaks designed to make the social network less divisive are hindering engagement and stifling user growth. Facebook has rarely disappointed investors; this could be the year.
Source: Global Times | 2018/2/5 0:01:38

Belt and Road requires new global dispute regime

In recent years, the Belt and Road (B&R) initiative has developed rapidly. Countries and regions along the route of the initiative have conducted in-depth cooperation in infrastructure, energy, trade, investment and finance since President Xi Jinping proposed the B&R initiative in 2013. However, along with such cooperation, disputes are also rising, making it extremely urgent to establish a dispute settlement regime for the B&R.
Source: Global Times | 2018/2/1 22:43:41

Timely policy reforms can unlock economic promise of India's demographic dividend

It is clear that India's economy still has tremendous growth potential despite such problems as severe wealth inequality, massive unemployment and poor infrastructure, but whether the potential can be fully realized depends on how the country adjusts its reform policies.
Source: Global Times | 2018/2/1 22:38:40