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How can economic zones in Africa sustain growth?

At the Beijing Summit of the Forum on China-Africa Cooperation in 2006, China promised to establish three to five overseas economic and trade cooperation zones in African countries within three years.
Source: Global Times | 2018/6/3 22:13:39

China, India share common goal of promoting economic, social development

Indian Prime Minister Narendra Modi's keynote speech at the 17th Asia Security Summit, in which he said cooperation between New Delhi and Beijing is expanding and will benefit Asia and the world, has stirred up a lot of discussion in recent days.
Source: Global Times | 2018/6/3 22:03:40

Asian investors taking key role in derivatives market

Asian retail investors are increasingly flexing their muscles and becoming important participants in the derivatives market. Chicago Mercantile Exchange (CME) Group's retail trading volume has risen by 40 percent from 2015 to 2017, with the top three traded products in Asia Pacific being crude oil futures, E-mini S&P 500 futures and gold futures. Over the past two years, nearly half of all retail clients acquired globally by CME Group have been from Asia Pacific, signifying that interest from traders in this region is on the rise.
Source: Global Times | 2018/6/3 19:23:40

Fed maintaining cautious streak despite Trump's promises to cut back on regulation

The Volcker Rule tweak reveals the cautious streak of the US Federal Reserve under Jerome Powell. Big banks hoping for an overhaul of the proprietary-trading ban will be disappointed by modest revisions that the central bank proposed Wednesday. Compliance costs may fall but Powell's team, just like its predecessors, doesn't want Wall Street to go back to its freewheeling ways.
Source: Global Times | 2018/6/3 19:23:40

China's support can aid Africa's smart cities drive

The African continent has been striving for the past decade to establish innovation, entrepreneurship and connectivity as pillars for sustainable development planning in the region. Among the key elements of this strategy is the development of urban centers with key information technology tools and the integration of the concept of smart cities into African socioeconomic integration.
Source: Global Times | 2018/5/31 22:33:41

Ditching Chinese-built high-speed rail project will carry high costs for Malaysia

Malaysia's new Prime Minister Mahathir Mohamad has said he will ditch a planned high-speed rail link with Singapore, a move that would likely damage the interests of China or other economic partners. Companies from China, Japan, South Korea, Europe, Singapore and Malaysia were reportedly eyeing contracts to build and operate the project, but now all of their efforts may be in vain due to the inconsistency and capriciousness of Kuala Lumpur.
Source: Global Times | 2018/5/31 22:23:40

US must cut benefit payments to tame growing deficit

The US has an enormous and rapidly widening budget deficit. Under existing law, the federal government must borrow $800 billion this year, and that amount will double, to $1.6 trillion, in 2028. During this period, the deficit as a share of GDP will increase from 4 percent to 5.1 percent. As a result of these annual deficits, the federal government's debt will rise from $16 trillion now to $28 trillion in 2028.
Source: Global Times | 2018/5/31 20:03:39

MSCI inclusion will bring more scrutiny for China's stock market but investors may benefit

China's flabby stock market is set for a workout, as inclusion in MSCI's influential indexes brings extra foreign scrutiny. While some money will simply track the benchmark, active investors will arrive too. That should mean that prices better reflect fundamentals, and bosses feel increased pressure to shape up.
Source: Global Times | 2018/5/31 19:58:39

Democrats need policies that appeal to Trump voters

When American voters head to the polls for congressional midterm elections in November, their choices seem likely to be guided more by “pocketbook issues” than by foreign affairs or President Donald Trump's scandals. If the Democrats hope to retake control of the House of Representatives, they will need a platform that addresses voters' economic concerns – particularly the concerns of many voters who elected Trump in the first place.
Source: Global Times | 2018/5/30 0:03:53

Political crisis in Italy will bring divided opinions over euro membership to the fore

Political turmoil in Rome has exposed Italy's euro fault line. President Sergio Mattarella on Sunday rejected a proposed anti-establishment government amid fears it could take the country out of the single currency. New elections will likely push euro membership to the top of the political agenda.
Source: Global Times | 2018/5/30 0:03:49

China no longer world's waste reprocessing plant

China announced a ban on imports of garbage in July 2017. Although it was a low-profile announcement, it drew wide reaction internationally.
Source: Global Times | 2018/5/30 0:03:48

Improved regulation makes more sense than just saying no to bitcoin in China

US news aggregation platform Reddit recently revealed plans to reinstate cryptocurrency payments after disabling bitcoin payments for its Gold membership program in late March, renewing speculation that the digital asset might regain momentum.
Source: Global Times | 2018/5/30 0:03:48

Political crisis in Italy will bring divided opinions over euro membership to the fore

Political turmoil in Rome has exposed Italy's euro fault line. President Sergio Mattarella on Sunday rejected a proposed anti-establishment government amid fears it could take the country out of the single currency. New elections will likely push euro membership to the top of the political agenda.
Source: Global Times | 2018/5/30 0:03:46

Democrats need policies that appeal to Trump voters

When American voters head to the polls for congressional midterm elections in November, their choices seem likely to be guided more by “pocketbook issues” than by foreign affairs or President Donald Trump's scandals. If the Democrats hope to retake control of the House of Representatives, they will need a platform that addresses voters' economic concerns – particularly the concerns of many voters who elected Trump in the first place.
Source: Global Times | 2018/5/30 0:03:46

Closer communication by Asian central banks can ward off new financial crisis

Could Asia have another financial crisis? Some nations' foreign debt exposure is a source of concern, but there's no need to be too pessimistic.
Source: Global Times | 2018/5/29 21:28:39

China, UK can work on finance opportunities, risks

China is a firm supporter of globalization. The Belt and Road (B&R) initiative has now connected more than 100 countries and international organizations, providing numerous public benefits and opportunities. And since the 2018 Boao Forum for Asia, China has been engaging in further opening-up, with a focus on the financial sector. Against this backdrop, the 10th Lujiazui Forum 2018 will be held in Shanghai on June 14 and 15 with the theme of “Shanghai's development toward an international financial center in the new era.” Global Times London Correspondent Sun Wei (GT) interviewed Catherine McGuinness (McGuinness), chairman of the Policy and Resources Committee under the City of London Corporation, before her trip to Shanghai to attend the Lujiazui Forum. The two of them discussed China's opening-up and the City of London's role in the B&R initiative.
Source: Global Times | 2018/5/29 21:13:40

Comcast can boost its chances of acquiring Fox by offering more substantial termination fee

Comcast can boost its chances of snaring Fox. The cable company is preparing to scuttle Walt Disney's $52.4 billion bid for some of Rupert Murdoch's media assets, and a major Fox shareholder is receptive to the idea. But Comcast Chief Executive Brian Roberts may want to offer more than just the best price to get a hearing.
Source: Global Times | 2018/5/29 21:08:39

With proper policies, HK can be San Francisco of Asia

The direction of the Hong Kong economy is a challenging question. Hong Kong has limited space and a dense population. Most of the factories have moved to the Chinese mainland. The developed financial and real estate industries act as two pillars of its economy.
Source: Global Times | 2018/5/29 20:58:39