BUSINESS >> Comments

Chinese aid helps Africa's independent development

The Development Assistance Committee (DAC) of the Organization for Economic Co-operation and Development (OECD) has always emphasized the leading role of recipient countries in aid projects. But the passive status of recipient countries has persisted.
Source: Global Times | 2018/9/28 22:28:40

Right balance between SOEs and private firms needed

The US-China trade dispute has escalated with the US imposing 10 percent tariffs on $200 billion worth of Chinese products on Monday. To keep track of the trade war, some people only pay attention to what US President Donald Trump and major government officials have said or done, which is far from enough. It is worth noticing that some people in the Western world sympathize with Trump's hardline trade policy toward China, even though they realize that it will push up the cost for foreign companies to do business in China and interrupt their production chain.
Source: Global Times | 2018/9/28 19:43:40

Daimler's new CEO faces driving without steering wheel following change of power

Daimler is doing its best to reverse out of a tight corner as it switches chief executives. The risk is that its well-intentioned maneuver will leave the new boss driving without a steering wheel.
Source: Global Times | 2018/9/28 19:38:41

Better environment for foreign enterprises can be Beijing's bargaining chip in trade row

In the midst of an escalating trade conflict with the US, a key issue China faces is how to maintain its status as a favored destination for foreign direct investment (FDI).
Source: Global Times | 2018/9/27 22:43:40

Public confident in Chinese economy amid trade war

The trade row between the US and China escalated as the Trump administration imposed new 10 percent tariffs on $200 billion of Chinese imports, effective Monday. From the new year, this round of US tariffs will be increased to 25 percent.
Source: Global Times | 2018/9/27 22:38:40

Uncertainty over Unilever restructuring leads to growing anger among investors

Unilever only has itself to blame for a growing shareholder revolt in Britain. Loose ends in its plan to pick Rotterdam over London as its global head office have left the consumer giant vulnerable.
Source: Global Times | 2018/9/27 19:03:40

US accusations about technology transfer ring false

Amid all the unfair tariffs and false accusations made by the US to attack China, one claim has been particularly irritating: Western countries have continually accused China of requiring transfer of technology in return for access to its market. The US government has repeated this lie many times to make it sound like the truth. However, it is the Western countries that invented the idea of using technology to gain access to other markets.
Source: Global Times | 2018/9/27 18:58:40

Asian purchasing power is 'strategic weapon' in trade war

This is a testing time of uncertainty and change amid escalating trade friction, but if Asian economies can improve their connectivity, they can unleash market vitality and ease the regional impact of US trade protectionism.
Source: Global Times | 2018/9/26 21:33:41

Value of China's market can help it win trade war

The trade war between China and the US has escalated again after the US government announced additional 10 percent tariffs on another $200 billion worth of Chinese goods, followed by China's retaliatory tariff increases on $60 billion worth of US imports. Most observers believe the dispute will deepen if neither side makes any concessions.
Source: Global Times | 2018/9/26 21:33:40

Labour Party's shares-for-workers plan sounds good but is just a tax hike in disguise

Britain's Labour Party has come up with a superficially appealing plan to transfer wealth from companies to the people, but really to the government. The opposition party on Monday spelled out proposals to force firms to hand a 10th of their shares to workers. It sounds like a benign form of socialism. Really, it's a tax hike in disguise.
Source: Global Times | 2018/9/26 21:23:40

Pakistan determined to develop ties with China

There have been some misleading reports recently about Pakistan and its relationship with the US and with China. It is important to be clear that Pakistan knows where its interests lie and that the US and China are developing their own policies toward the country.
Source: Global Times | 2018/9/26 21:23:40

BRI-based cooperation with Europe can open opportunities in third-country markets

China's Belt and Road initiative (BRI) is often denounced by Western media outlets as a Chinese “debt trap,” but bustling ports from Southeast Asia to Europe provide good examples of how BRI projects can bring tangible benefits to the economies involved.
Source: Global Times | 2018/9/25 22:13:40

US tax cut overall may restructure global industry

While tariffs and a trade war could be seen as US President Donald Trump's extreme means of putting pressure on the world to fulfill his promise of “making America great again,” this begs a bigger question. Will his tax cut – the largest overhaul of the US tax code in three decades – generate a “siphon effect,” drawing industry and capital to the US and restructuring the global allocation of economic resources?
Source: Global Times | 2018/9/25 22:13:39

Merrill Lynch still only a qualified success following acquisition by Bank of America

Buying Merrill Lynch has been a qualified success for Bank of America (BOA). The $310 billion mega-lender bought the Thundering Herd essentially over a weekend in the depths of the 2008 crisis for $50 billion. Merrill's retail brokerage has worked out well. But the merger and acquisition (M&A) and equity franchises have faded under the BOA brand.
Source: Global Times | 2018/9/25 19:03:40

Next financial crisis could be worse than last one

As we mark the 10th anniversary of the collapse of Lehman Brothers, there are still ongoing debates about the causes and consequences of the financial crisis, and whether the lessons needed to prepare for the next one have been absorbed. But looking ahead, the more relevant question is what actually will trigger the next global recession and crisis, and when.
Source: Global Times | 2018/9/25 19:03:40

China can turn adversity of US trade war into spur for industrial upgrading, modernization

US President Donald Trump's latest round of tariffs on China, which took effect on Monday, brings the amount of Chinese goods hit by US protective duties to about $250 billion, roughly half of China's annual exports to the US.
Source: Global Times | 2018/9/24 21:13:40

Europe must redefine partners amid trade tensions

Time after time, countries, companies and people face challenges. There are many different approaches to each problem, and there's no precise formula for success. However, resilience to adversity determines who we are.
Source: Global Times | 2018/9/24 21:13:39

New skills and ethical standards needed for AI era

Artificial intelligence (AI) has become all the rage in today's tech-dominated world, with ample potential benefits from various AI-enabled applications, despite concerns that machines will take over from humans. AI-related topics were hotly debated at the World Economic Forum (WEF) Annual Meeting of the New Champions 2018, which was held in Tianjin last week. In an exclusive interview during the Tianjin event, Global Times reporter Li Qiaoyi (GT) talked to Abi Ramanan (AR), co-founder and CEO of US-based machine learning firm ImpactVision, who is also co-chair of the WEF's Annual Meeting of the New Champions 2018, to seek her input on several major issues that industry watchers are concerned about.
Source: Global Times | 2018/9/24 21:08:39