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Financial opening doesn't signify China's response to US coercion

The nation's latest round of financial opening is impressive. According to the recently released negative list for foreign investment, the country has scrapped foreign ownership limits on Chinese-invested banks and allowed foreign banks to set up branches or subsidiaries in the country. The upper limits on foreign stakeholdings in domestic brokerages, securities investment fund management, futures companies and insurance firms have been eased to 51 percent. By 2021, all ownership limits will be removed.
Source: Global Times | 2018/7/15 22:33:39

China-Pakistan security cooperation can support progress of economic corridor

A suicide bomb on Friday at a political rally in southwest Pakistan's Balochistan Province killed at least 132 people, the deadliest in a series of assaults on candidates ahead of general elections on July 25.
Source: Global Times | 2018/7/15 22:28:40

'Middle powers' play big role in maintaining intl order

British media reports recently said the middle powers, such as Germany, France, Japan and the UK, should be united to coordinate their positions on major issues, including the world's multilateral trading system, global climate change and arms control, so they can influence the direction of global governance.
Source: Global Times | 2018/7/12 22:23:40

China needs to continue exchange rate reforms despite trade conflict with US

The yuan softened again on Thursday. Amid escalating trade friction with the US, China needs to show greater tolerance for foreign exchange market volatility, if the depreciation is a reflection of market supply and demand.
Source: Global Times | 2018/7/12 22:23:40

US the loser from Trump's nonsensical policies

The Washington Post's Catherine Rampell recently recalled that when US President Donald Trump held a session for Harley-Davidson executives and union representatives at the White House in February 2017, he thanked them “for building things in America.” Trump went on to predict that the iconic American motorcycle company would expand under his watch. “I know your business is now doing very well,” he observed, “and there's a lot of spirit right now in the country that you weren't having so much in the last number of months that you have right now.”
Source: Global Times | 2018/7/12 20:53:41

Latest Supreme Court pick could push judicial balance firmly to the right for a generation

President Donald Trump has given a deregulatory gift to business with his nominee for the Supreme Court. As a federal judge, Brett Kavanaugh has ruled against the Consumer Financial Protection Bureau (CFPB) and net neutrality. His staunch conservatism ensures stiff Democratic resistance. But if Republican numbers prevail, he can tilt the judicial balance to the right for a generation.
Source: Global Times | 2018/7/12 20:53:40

China can take advantage of Trump's trade policy

Does this Sino-US trade tension mean there will be a comprehensive and fierce confrontation between China and the US? Actually, in the foreseeable future, the possibility of this is quite low.
Source: Global Times | 2018/7/11 22:23:41

Resignation of Boris Johnson worsens currency vulnerability as Brexit wrangling continues

The departure of two senior government ministers in less than 24 hours will either make or break Prime Minister Theresa May and her Brexit negotiations. It certainly makes the pound a more binary bet for investors.
Source: Global Times | 2018/7/11 22:23:41

China, EU must fight ignorance through B&R

Many countries are embracing the Belt and Road (B&R) initiative, from Asia to Europe, and even across South America. However, there are still many governments, institutions, companies, industries and other stakeholders in the international arena that do not understand the initiative or know what it is about. The ignorance over the B&R has been one of the major obstacles in achieving maximum capacity during the return journey of cargo trains from Europe to China. Usually the trains, developed as part of the B&R, travel full to Europe, but return to China with less frequency and fewer goods.
Source: Global Times | 2018/7/11 22:23:40

US families' dependence on Chinese products the Achilles' heel of US trade policy

US President Donald Trump escalated trade frictions with China on Tuesday, threatening 10 percent tariffs on an additional $200 billion worth of Chinese imports. The proposed US duties could likely result in a consumer goods price increase in the US and drive up expenses for low-income families.
Source: Global Times | 2018/7/11 22:18:40

Vigilance needed against US economic terrorism

It is worth noting that the world today is full of uncertainties, with aggravated global public risks. The world economy is on the verge of becoming unbalanced and unsustainable. The gap between the rich and the poor has added to the risk, along with the indigenous shocks that come with technological advancement. Countries around the world should unite to cope with the risks. However, some countries, the US in particular, have been dragging others into deeper trouble by adopting economic terrorism.
Source: Global Times | 2018/7/10 22:23:42

China should make tourism, services the main battlefield in trade frictions with US

As the Trump administration launched what observers called the biggest trade friction in economic history to reduce its trade deficit with China, some US companies are thinking about tourism, one of the few areas in which the US runs a trade surplus with China.
Source: Global Times | 2018/7/10 22:23:40

Trump policies harming global trade, tech networks

We live in a time when globalization is receding and international relations are retreating back to the law of the jungle. The WTO built today's rules-based global multilateral trade system and for a long time the US helped to protect the laws and policies of that system. But now the administration of President Donald Trump has openly declared that it will use adversarial methods to solve its problems. The global multilateral trade system and the global network of innovation built with much effort since World War II are now facing grave danger.
Source: Global Times | 2018/7/10 22:13:41

Xiaomi's disappointing market debut might push other tech firms to take cautious stance

Xiaomi's lackluster initial public offering will punish bankers twice. The Chinese smartphone maker's shares opened below the issue price in their $54 billion debut in Hong Kong on Monday. The Beijing-based company's advisers failed to sufficiently lower an unrealistic valuation target. Their punishment could be that other large listings in Hong Kong are delayed.
Source: Global Times | 2018/7/10 22:12:37

China's ability in managing debt gives it leeway to launch counterattack against US

Trade frictions between China and the US have once again drawn people's attention to China's debt problem. Some analysts have said China's total debt has surpassed 300 percent of its GDP, citing data from the Institute of International Finance (IIF), posing a great risk that makes the Chinese economy more brittle than many imagine as it faces external attacks.
Source: Global Times | 2018/7/9 22:58:39

Trade row exposes difference in attitude of China, US

The Sino-US trade row has officially started. The trade volume involved has fully demonstrated the different attitudes of China and the US toward international rules and the multilateral trading system, which could determine the driving force and destiny of global free trade in the near future.
Source: Global Times | 2018/7/9 22:53:40

China must look for alternatives to US market

One critical question hovering over the gathering trade tension between the world's two largest economies is this: If the administration of US President Donald Trump is bent on closing the country's door to China and erecting higher barriers to hold back Chinese manufactured goods, could China find alternative markets?
Source: Global Times | 2018/7/9 21:13:39

Trump offers hope to EU on car tariffs but investors remain understandably cautious

US President Donald Trump made his name as a negotiator. Yet investors are reacting cautiously to the idea that he might strike a deal on car tariffs with the European Union. Their prudence is sensible.
Source: Global Times | 2018/7/9 21:08:39