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Foreign firms need to adjust themselves to suit China's new round of opening up

China's opening-up policies are entering a new stage as the government has just announced it would relax a broad range of limits on foreign ownership in multiple sectors.
Source: Global Times | 2017/11/14 21:53:41

How can potential of B&R be fully realized?

China's Belt and Road (B&R) initiative could prompt a profound shift in the global order toward a new multilateralism. The strategic planning and delivery of scalable infrastructure for power generation, transport, water and telecommunications will bring much-needed economic and societal connectivity to all the countries along the route of the this new network.
Source: Global Times | 2017/11/14 21:53:40

Compromise on ownership cap needed for Indonesia's Danamon to find new suitor

Japan's largest lender is banking on an easier ride in Indonesia. Buying into Bank Danamon would nicely round out the regional presence of the $87 billion Mitsubishi UFJ Financial Group. And when it comes to both price and politics, MUFG looks better placed than the Southeast Asian group's previous suitor.
Source: Global Times | 2017/11/14 21:48:39

Indo-Pacific alliance could end prematurely

US President Donald Trump held his first Asian tour this month after taking office, with all Asian countries wondering what Asian policy his administration will pursue. In a speech in Japan, Trump for the first time formally put forward the notion of establishing an Indo-Pacific region that is free, fair and mutually beneficial.
Source: Global Times | 2017/11/13 22:53:40

Renovation of India's railway system must be guided by market needs, principles

With work about to start on India's first bullet train project linking Mumbai and Ahmedabad, the country is set to take a great leap in rail infrastructure in the years to come.
Source: Global Times | 2017/11/13 22:46:17

China-Laos rice trade has considerable potential

During his ongoing trip to Laos, Chinese President Xi Jinping called on both sides to build “a community of shared future with strategic significance” in a signed article published in the Laos media on Monday. Laos is also eager to enhance its economic links with China and cater for increasing consumer demand in the world's second-largest economy. Rice is a major part of the story, with China being one of the main destinations for Laos' rice exports.
Source: Global Times | 2017/11/13 22:43:40

Facebook looking over its shoulder as Tencent's stake in Snap shows global plans

Tencent and Snap have sent a short but effective message to Facebook. The owner of China's killer app WeChat now owns 12 percent of its struggling US peer, whose Snapchat service is best known for the ability to make photos vanish. Even though the shares are non-voting, the two companies have excellent reasons to connect.
Source: Global Times | 2017/11/13 22:38:40

Europe vulnerable to next economic downturn

Europe faces a serious problem. Although economic activity has recently increased, the eurozone has lost the ability to respond to the next downturn when it happens, as it inevitably will.
Source: Global Times | 2017/11/12 20:53:39

Meeting between Xi and Moon could signal thaw in Sino-South Korean relations

It is believed that inseparable economic and trade links between China and South Korea are playing a role as a stabilizer for bilateral ties, helping to ease tensions brought by South Korea's deployment of the Terminal High Altitude Area Defense (THAAD) system.
Source: Global Times | 2017/11/12 20:53:40

Trump offers opening for China's initiatives

US President Donald Trump kicked off his first trip to Asia earlier this month. With stops in five countries, the 12-day trip will be the longest Asia visit for any US president since George H.W. Bush's trip in late 1991 and early 1992. Some observers have said the length of the trip shows the importance the US attaches to the region.
Source: Global Times | 2017/11/12 19:03:40

TPP goes ahead in principle, but faces big challenges without US participation

While trade ministers of the 11 countries that remain in the Trans-Pacific Partnership (TPP) agreed on Friday to push ahead with the free-trade pact without the US, it will still be challenging for the various parties to make the deal work in the absence of the huge US market.
Source: Global Times | 2017/11/12 19:03:39

Trump's 'shale diplomacy' in China to shake market

In his visit to Asia, US President Donald Trump is set to put America first, possibly through increased energy exports. Juggling great tensions in the State Department, lack of enthusiasm for traditional high diplomacy, and a reckless need for quick results, Trump is leading what may be the most powerful US trade delegation to ever come to China.
Source: Global Times | 2017/11/9 22:23:40

India's economic reforms should cater to small businesses

Tuesday was the eve of the first anniversary of India's demonetization drive, with former prime minister Manmohan Singh delivering a harsh rebuke of the controversial initiative.
Source: Global Times | 2017/11/9 22:08:39

Singles' Day shopping bonanza moves beyond China

The world's biggest online shopping festival, known as Singles' Day or Double 11, is just around the corner.
Source: Global Times | 2017/11/9 22:03:39

Potential Disney bid for Fox assets shows need for scale amid Netflix pressure

Netflix is pushing over-the-top thinking. Walt Disney may be mulling a bid for Rupert Murdoch's film studio and cable networks. A deal would reduce Twenty-First Century Fox to news and sports assets while helping the Magic Kingdom bulk up to fight the video-streaming network.
Source: Global Times | 2017/11/9 21:58:39

China-US trade gap requires adjustments

The trade gap between China and the US, especially in merchandise trade, is a longstanding bilateral issue. In 2016, China's trade surplus with the US was about $254 billion, according to Chinese statistics, while the US put the figure at $366 billion.
Source: Global Times | 2017/11/8 22:33:39

Shoppers' enthusiasm for e-commerce grows in Southeast Asia, but barriers remain

With China about to be gripped by its annual online shopping frenzy on Saturday, some observers may wonder if the same scenario will play out in Southeast Asia, where is now an attractive destination for investment from Chinese e-commerce giants.
Source: Global Times | 2017/11/8 22:28:39

B&R offers digital prosperity as well as infrastructure

While some people still regard the Belt and Road (B&R) initiative mainly as a drive by China to export its rail, road and port construction capabilities, there are signs that the sprawling initiative will increasingly turn into a giant platform not only for China but also for other technologically sophisticated economies to jointly build digital prosperity along the route. This could be of growing importance for the B&R to be recognized as a global connectivity initiative that is viable as well as hotly sought-after.
Source: Global Times | 2017/11/8 21:28:39