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US shutdown a bad omen for bigger fiscal battle between Trump and Democratic leaders

The US government shutdown is a bad omen for a bigger fiscal battle ahead. The economic impact of the partial federal closure sparked by President Donald Trump's insistence on securing funding for a wall along the Mexico border will probably be minimal. The real danger comes if the dispute infects discussions about the US debt ceiling.
Source: Global Times | 2019/1/10 17:36:38

Space economy to be a new frontier of cooperation

As we enter 2019, human civilization has come a long way since the Russians changed our destiny by flying beyond our blue skies. Major powers understood that the next battle field would take place above us, in space.
Source: Global Times | 2019/1/10 17:33:40

CPEC can play key role in generating jobs in Pakistan

Approximately 1.2 million jobs could be created indirectly in Pakistan because of agreed projects under the China-Pakistan Economic Corridor (CPEC), media reports have said.
Source: Global Times | 2019/1/9 20:17:37

Focusing on technology investments and innovations in 2019

The trade war with the US for the past 10 months has taught Chinese people one truth – that is to steadfastly invest in technology innovations, in order to shore up China's manufacturing competitiveness and global market prestige.
Source: Global Times | 2019/1/9 19:43:41

China needs to prepare for long-term rivalry with the US even if trade deal is reached

Looking ahead to 2019, it will remain the focus of the public's concern as to whether the trade tensions between the US and China will ease.
Source: Global Times | 2019/1/9 18:18:40

French squeeze-out plans may tempt tycoon Arnault to make Christian Dior private

France's new “squeeze-out” plans may tempt luxury magnate Bernard Arnault to make a final swoop to take his Christian Dior holding private. President Emmanuel Macron's wide-ranging bill to make la Republique more attractive for business, known as “loi Pacte”, envisages cutting to 90 percent the level for companies wanting to buy out minority interests. The rule changes, combined with falling luxury stocks prices, may revive the magnate's interest in taking Dior into the private sector.
Source: Global Times | 2019/1/9 17:53:40

Chinese companies can evolve in tough times

The year 2018 was a tough year, but we have made it through. The good news is that the hardship was common for many people, while the bad news is that a difficult time may just lie ahead. I have always believed that when the society offers opportunities, we should create value for it. But when there is no opportunity from the society, we should create value for ourselves.
Source: Global Times | 2019/1/9 17:43:40

Are Apple's sales a barometer of China's economy?

Not long after a widely circulated post claimed that a rise in the sales of men's underwear in Northeast China's Liaoning Province indicated an economic recovery, some people began to focus on another unorthodox indicator: iPhone sales. In this case, however, they drew the opposite conclusion.
Source: Global Times | 2019/1/8 20:13:39

China's IT winter chill should help firms rethink business models

China's internet technology (IT) sector experienced massive layoffs during 2018, a chaotic year for the industry. In June, hundreds of P2P lenders fell like dominoes. Two months later, the revenue of image editing software developer Meitu fell 5.9 percent year-on-year, reporting a $127 million net loss. Media reported the company had been laying off people since the end of 2017. In the fall, online retailers Alibaba and JD.com reduced new hires.
Source: Global Times | 2019/1/8 18:28:39

A graying Facebook will require Zuckerberg to relinquish his executive role to a different leader

Mark Zuckerberg and Facebook have been inseparable since he launched the social network 15 years ago, but his lack of perspective helped create the existential problems facing the company today. His priority is finding a new leader who can take over and meet the challenge.
Source: Global Times | 2019/1/8 17:28:40

US economic growth could lose momentum in 2019

There are compelling reasons to believe that the US economy is less likely to continue on a robust growth path this year. The US economy's strong growth in 2018 was mainly attributed to the Donald Trump administration's substantial tax cut package. Thanks to the stimulus provided by the tax cuts, personal consumption spending and private investment turned out to be the main forces pulling up economic growth.
Source: Global Times | 2019/1/8 16:38:41

China delivers a modern economy during 40 years of reform and opening-up

Editor's Note: At a gala celebrating the 40th anniversary of China's reform and opening-up on December 18, 10 foreigners received China Reform Friendship Medals, marking China's acknowledgement of contributions they made to help realize the country's remarkable progress. Stephen Perry (Perry), Chairman of the 48 Group Club, was one of the recipients. Global Times reporter Chen Qingqing (GT) recently had an interview with Perry, talking about his impressions and stories during the country's reform and opening-up.
Source: Global Times | 2019/1/7 20:52:00

Rice yields seeds of better China-Philippines ties

While Western media outlets keep a close eye on the dispute between China and the Philippines over the South China Sea, the two main protagonists in the story are busy with another thing: hybrid rice.
Source: Global Times | 2019/1/7 20:51:55

Volatile fuel costs force airlines to consider their options and drive industry rationalization

Risky bets on the price of oil will drive European airline merger and acquisition (M&A) in 2019. The price of a barrel of crude is unusually volatile heading into the New Year. The majority of airlines are hedged against significant price rises, but it's equally possible Brent will bottom out well below the 2018 peaks.
Source: Global Times | 2019/1/7 18:48:40

Why PM Mahathir seeks to engage with China?

After his coalition won the election in May 2018, Malaysia's Prime Minister Mahathir Bin Mohamad declared that he would suspend several Chinese-funded projects.
Source: Global Times | 2019/1/7 18:38:39

India needs more than good policies to drive reform

India's general election later this year puts a big test for the present administration's reform push.
Source: Global Times | 2019/1/6 20:48:43

Starbucks expansion plans need consideration over 'a venti-sized mug of coffee'

The Starbucks Reserve Roastery in Shanghai stands as a giant symbol of the company's Chinese ambitions. The 30,000-square-foot caffeinated wonderland represents just one of 6,000, mostly smaller stores that the chain plans to roll out across the mainland by 2022. Such bold plans will run up against stiffer local competition and trade-war-related pressures in 2019. Local backers will continue to support this Bean Dynasty.
Source: Global Times | 2019/1/6 16:33:54

US stock market faces more volatility in 2019

The US stock market has been extremely volatile during 2018. From December 4 to 24, the Dow Jones Industrial Average slumped 4,000 points within 15 trading days. In fact it has rather contradicted with the tradition that US stock market usually performs well in December. By Monday, Standard & Poor's 500 index (S&P 500) had accumulated a 14.8 percent drop in December, worse than the 14.5 percent losses within the 12 months of the 1931 collapse during the Great Depression.
Source: Global Times | 2019/1/6 16:13:39