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Dollar bonds show confidence in Chinese economy

On Thursday, China successfully issued $3 billion in sovereign dollar bonds, attracting the attention of the international financial market. The Chinese Ministry of Finance issued $1.5 billion worth of five-year notes with nominal interest rate at 3.25 percent, $1 billion in 10-year notes at 3.5 percent, and $500 million in 30-year bonds at 4 percent in the Hong Kong Special Administrative Region.
Source: Global Times | 2018/10/16 21:53:42

Markets are finally getting back to basics as blind faith gives way to facts on the ground

Blind faith in US stocks may be giving way to the facts on the ground. A slump overnight slowed on Thursday, partly thanks to a tame US inflation report. Yet American equity valuations are high, trade tensions and interest rates are rising, and earnings season is under way. There's plenty for investors to react to.
Source: Global Times | 2018/10/16 18:53:40

Western countries must learn to respect SOEs' role in China's economic system

Western countries and emerging economies should accord neutral treatment to China's State-owned enterprises (SOEs) to give those SOEs the same footing as private-sector rivals in global markets.
Source: Global Times | 2018/10/15 22:33:41

Mutual need can drive China-Japan industry teamwork

At the invitation of Premier Li Keqiang, Japanese Prime Minister Shinzo Abe is scheduled to pay an official visit to China from October 25-27. As the trip comes amid the escalating trade row between China and the US, it could be seen as an opportunity for China to strengthen economic and trade ties with another major economy so as to preserve its position in the global value chain.
Source: Global Times | 2018/10/15 22:18:39

Trust needed among countries to work together to fight cybercrime across borders

Cybercrime might sound intangible, but the losses incurred from cybercriminal activities are easily felt. In 2017, cybercrime cost businesses worldwide $1 trillion, and the figure is projected to grow to $3 trillion by 2020, according to industry statistics.
Source: Global Times | 2018/10/15 20:43:41

'America First' can't trump the pursuit of profit

At a moment when the US-China trade war continues to escalate, the US is using every possible method against China. Aside from wielding the tariff stick, the US now is requiring its multinational corporations to retreat from China by threatening to levy more taxes and label them as traitors.
Source: Global Times | 2018/10/15 20:28:39

US can't easily unseat Chinese manufacturers from position in global value chain

The US wants to include a provision to deter currency manipulation in future trade deals, Reuters reported over the weekend, citing US Treasury Secretary Steven Mnuchin. With “America First” as its guiding principle, the Trump administration's posture of using trade deals as a strategic tool to intervene in other countries' internal economic policies is becoming more visible.
Source: Global Times | 2018/10/14 21:53:40

Renewable energy can bring China, Mongolia closer

China needs to seize the opportunities presented by Mongolia's push for renewable energy resources. As China shares a border with the southern part of Mongolia, which abounds in wind and solar power, China might join Mongolia in joint exploration of renewables, offer loans to Mongolia and consider a concrete cooperation road map, thus playing a part in the creation of the Northeast Asian Super Grid.
Source: Global Times | 2018/10/14 18:38:39

As US closes up, EU and China must build closer ties

As the world struggles to deal with an aggressive US administration that is only interested in its “America First” motto and a protectionist agenda, there is debate about how to find the right way ahead for the next three years at least.
Source: Global Times | 2018/10/14 18:23:39

BMW aiming for first-mover benefits by taking advantage of China's new JV rules

BMW has drafted a Chinese JV owner manual for its rivals. The luxury carmaker says it will pay $4.2 billion to take control of its venture with Brilliance China Automotive, making it the first to take advantage of new rules allowing foreign brands to do so.
Source: Global Times | 2018/10/14 18:18:39

PBC's RRR cut right move in current economic situation

China recently decided to cut the reserve requirement ratio (RRR) by 100 basis points, which will take effect on Monday. This is the fourth time this year the People's Bank of China (PBC), the central bank, has lowered the RRR. The RRR for small to medium-sized and large depository financial institutions will have dropped to 12.5 percent and 14.5 percent, respectively. The move is expected to pump another 750 billion yuan ($108 billion) into the market.
Source: Global Times | 2018/10/11 19:53:41

SoftBank boss showing belief in WeWork but massive investment might not pay off

SoftBank is in danger of over-WeWorking itself. The Japanese group may invest up to $20 billion for a majority stake in the office-sharing outfit, the Wall Street Journal reported. Such a large holding could end up comprising roughly a fifth of SoftBank's tech-focused Vision Fund. That would be a scary amount of concentration risk, especially for an unproven business model.
Source: Global Times | 2018/10/11 19:53:40

Deepening reform only path for China's rise

With the Sino-US trade war escalating, a detailed analysis of the US tariff lists could enable rational judgments about China's position in the trade row.
Source: Global Times | 2018/10/11 19:33:40

Stock plunge shows need for unconventional moves to shore up A-share investor confidence

Following the stock market rout in the US on Wednesday, stocks listed on the Chinese mainland plunged Thursday, with the benchmark Shanghai Composite Index breaking below 2,600 points in afternoon trading to close at 2,583.46 points.
Source: Global Times | 2018/10/11 19:18:40

Chinese central bank should prepare more powerful policy tools

On October 7, the last day of the week-long National Day holidays, the People's Bank of China (PBC), the central bank, said it would cut the reserve requirement ratio (RRR) for some lenders by 100 basis points, effective October 15.
Source: Global Times | 2018/10/10 22:13:41

Trade dispute can be unexpected opportunity for fresh thinking about China's innovation drive

Total spending on research and development (R&D) in China hit 1.76 trillion yuan ($254 billion) in 2017, up 12.3 percent from a year earlier, official data showed. The figure was equivalent to 2.13 percent of GDP, a record high in China.
Source: Global Times | 2018/10/10 22:03:42

China must focus on its own priorities amid trade row

The Chinese stock market has suffered heavy losses this year. During the Ambrosetti Forum in Italy last month, Zhou Xiaochuan, former governor of the People's Bank of China, said that the trade war was a “major reason” for the stock slump. The Chinese economy has also seen a cooling trend this year against the background of government efforts to pursue deleveraging, higher environmental protection standards and strengthened debt controls. All these have contributed to the generally weak investor confidence and the sluggish performance in the mainland stock market.
Source: Global Times | 2018/10/10 21:58:42

Unilever climbdown over relocation shows investors' power when they join forces

A confident leader calls a vote to resolve a long-running debate. However, his campaign lacks punch. A growing number of voters declare their dissent. As the ballot approaches, the result is too close to call.
Source: Global Times | 2018/10/10 19:28:40