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Is US dollar's era of global dominance set to end?

As the US frequently slaps unilateral trade protectionism measures on other economies and could easily threaten yet others with economic and financial sanctions, many countries – including France, Germany, Turkey and Iran – have proposed to withdraw from the US dollar-based system and build a payments system independent of the dollar.
Source: Global Times | 2018/9/6 19:13:41

Case of JD.com's Liu offers lesson in complying with foreign laws, protecting investors

Three US law firms have reportedly announced that they are investigating whether China's e-commerce giant JD.com Inc issued misleading statements or failed to disclose information pertinent to investors after its CEO Liu Qiangdong was detained for a night in the US state of Minnesota last week on suspicion of alleged sexual misconduct.
Source: Global Times | 2018/9/5 22:28:42

Exchange rate mechanism matters more for China than yuan targets

Exchange rate determination is a complex process including both the exchange rate itself and its mechanism. Which one requires more attention? The mechanism is the factor China should focus on right now.
Source: Global Times | 2018/9/5 22:28:41

US has more to lose from antagonizing 1.4b buyers

According to US media reports, President Donald Trump is considering taking further tough trade measures against China. Most of the reports indicated that he will go ahead with an earlier proposal to impose 25 percent tariffs on $200 billion worth of Chinese imports.
Source: Global Times | 2018/9/5 20:33:41

Early success of Shanghai crude futures contract threatens duopoly of Brent, WTI

Shanghai's early success with its new oil market is beginning to threaten the duopoly of Brent and WTI. In four months, the yuan-denominated crude futures contract has built a 7 percent share of global crude turnover. Beijing is on the way to building a credible benchmark.
Source: Global Times | 2018/9/5 20:33:40

Positive views of China-Africa ties are mainstream

Since the beginning of the 21st century, China and Africa have added depth and breadth to their bilateral cooperation. This, along with China's growing popularity in Africa, has drawn particular attention from developed European countries, the US and some emerging economies.
Source: Global Times | 2018/9/4 22:23:40

Job-creating small firms in China need support to weather pressure of trade dispute with US

South China's Guangdong Province, one of the nation's leading industrial areas, is having a hard time combating downward pressure in its manufacturing sector. Amid escalating trade friction with the US, maintaining industrial growth momentum should be a top priority for the Chinese economy.
Source: Global Times | 2018/9/4 22:18:40

Currency swap deal would benefit China and India

China has stepped up the process of yuan internationalization in the last decade. China's fast economic growth and rapid globalization in recent decades have increased its influence in the world economy. As China has surpassed every other developing nation by a distance to become the world's second-largest economy, the internationalization of the yuan has become a matter of paramount importance for the country's policymakers.
Source: Global Times | 2018/9/4 20:03:39

Coca-Cola faces a hard grind to generate satisfying results from $5.1b purchase of Costa Coffee

Coca-Cola is paying a highly caffeinated price for a global coffee hit. The American soda giant has joined the battle to satisfy consumers' thirst for java by paying $5.1 billion for Costa Coffee, the world's second-largest chain of cafes. The deal requires Coke to order up new markets for hot drinks. Investors in seller Whitbread are the big winners.
Source: Global Times | 2018/9/4 19:58:40

Malaysia must look within to find barriers to economic development, not blame China

Malaysian Prime Minister Mahathir Mohamad was quoted by media reports as saying recently that Malaysians might not be able to compete with the Chinese if the latter were allowed into the country en masse. As prime minister, if Mahathir brings too much national sentiment into his comments on China and Chinese people, there will be plenty of things to worry about.
Source: Global Times | 2018/9/3 22:23:40

Battery technology breakthrough needed for EVs in China

Many have argued that the electric vehicle (EV) sector could finally be an area where China could surpass traditional car manufacturing powers such as Europe, the US and Japan, but without any technological breakthrough for batteries, such talk is just nonsense.
Source: Global Times | 2018/9/3 22:23:40

Malaysia still a promising market for Chinese firms

Although there have been some setbacks in Belt and Road (B&R) projects, China and Malaysia are exploring more cooperation opportunities not limited to infrastructure projects. Since Malaysian Prime Minister Mahathir Mohamad came to power, the country has been recalibrating its relationship with China. Many Chinese enterprises have been deterred from making investment decisions due to the possible future uncertainties. Global Times (GT) correspondent Bai Yunyi interviewed Will Fung (Fung), chairman of the Malaysian Chamber of Commerce and Industry in China, to try and understand the position of the new Malaysian government on Chinese companies and investment.
Source: Global Times | 2018/9/3 20:13:41

Campbell needs to find new recipes for success following bout of stale performance

Campbell Soup's lukewarm sales pitch is begging for a real cook. The $12 billion canned food and snack company is trying to sell its fresh and international brands while cutting costs in its stagnant core business. It is leaving the door open for a sale, but that's unlikely to appease activists like Third Point's Dan Loeb.
Source: Global Times | 2018/9/3 20:13:40

Better coordination with AU to promote B&R in Africa

Since last year, African countries have sought more of a voice in the international arena. In particular, smaller countries on the continent have more say on matters about Africa, and that's posed new challenges for the Belt and Road (B&R) initiative.
Source: Global Times | 2018/9/2 22:23:40

China's investment aims to upgrade emerging economies, not worsen debt problems

Some Western observers claim that China is leveraging debt to gain control of Africa's strategic infrastructure, and they have thus branded the Belt and Road (B&R) initiative a debt-trap strategy.
Source: Global Times | 2018/9/2 22:23:40

End is coming for rising trend in US stock market

The US stock market achieved the longest rise in its history on August 22, with the Standard and Poor's 500 index up by 230 percent since 2009. Although this wasn't the biggest increase in a bull market, it marked the longest period of increasing share prices.
Source: Global Times | 2018/9/2 19:38:39

Basic problems with accounting practices still holding back recovery in Puerto Rico

Puerto Rico's revival relies on re-establishing the certainty of death and taxes. The island's governor, Ricardo Rosselló, on Tuesday put the official death toll from last year's Hurricane Maria at 2,975, citing the calculations of an independent study he had commissioned. That's a 46-fold increase on the initial count of just 64 fatalities. The delay is emblematic of wider problems that are hobbling Puerto Rico's recovery.
Source: Global Times | 2018/9/2 19:33:39

China's consumption is changing, not downgrading

There is heated discussion online as to whether China is experiencing a consumption downgrading. Many claim that household budgets are under pressure, spending is being reduced and prices have become a decisive factor when consumers are faced with similar products.
Source: Global Times | 2018/8/30 22:53:44