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China may need unconventional stimulus measures to cope with effects of trade dispute with US

Wednesday is the 10th anniversary of the opening ceremony of the 2008 Beijing Olympic Games, which left Chinese people with memories of exciting moments in what turned out to be a really tough year.
Source: Global Times | 2018/8/8 22:53:42

China can learn from Singapore on bigger govt role in housing policy

When a country reaches the middle and high income range, wealth redistribution and social justice emerge as important issues. Public housing in Singapore has set an example for the rest of the world by helping society, ethnic groups, communities and families.
Source: Global Times | 2018/8/8 20:48:28

Sterling's Brexit jitters bigger than they appear as risks have plenty of room to grow

Britain's currency is jumpier than it might look. Options prices offer investors an easy way to check expectations of how much sterling is expected to move around. The relative calm implied by these measures masks a Brexit levy that only becomes apparent when they are compared with other major exchange rates.
Source: Global Times | 2018/8/8 20:48:27

Sino-US friction won't reach all-out confrontation

Trade friction between China and the US has escalated throughout 2018. After being sworn in as US president, Donald Trump has attempted to arrest the trend of economic globalization, refashion trade cooperation and reverse trade deficits.
Source: Global Times | 2018/8/7 23:03:40

Next generation of telecoms networks may be front line in China-US trade conflict

Amid an escalating China-US economic conflict, a new study by consultancy Deloitte shows the US is being outspent by China in the race for the development of fifth-generation (5G) wireless communication.
Source: Global Times | 2018/8/7 23:03:40

China and Europe must cooperate in data analysis

China, Europe and the US are participants in a three-legged race. However one assesses them, these regions are the three wealthiest in the world. Given their strong positions, it makes little sense for them to compete in a cut-throat manner in what should be a good-natured game, one featuring a cooperative flux of trade in goods and services. But at the present time it seems as though the US administration intends to follow through on the commitments made by US President Donald Trump while campaigning.
Source: Global Times | 2018/8/7 21:28:40

Heineken negotiates honorable retreat from Chinese market despite weak starting position

Heineken has found an honorable way to retreat from China. The Dutch giant on Friday announced plans to hand its business in China to China Resources Beer and take a $3.1 billion stake in the country's top brewer. Focusing on other Asian countries like Vietnam, where it has more clout, makes sense. Influencing the fortunes of its brand in the world's largest beer market, however, will be more challenging.
Source: Global Times | 2018/8/7 21:28:39

Targeted measures necessary for A-share problems amid trade tension

A sustained downward spiral in the shares of companies listed on the Chinese mainland, which has largely bucked the global upswing led by US shares, has intensified worries in China's financial market about the impact of a protracted trade war.
Source: Global Times | 2018/8/6 22:23:40

Supply-chain management by China crucial to winning trade war with US

US soybean farmers are caught in the crosshairs of an escalating trade conflict as China draws up long-term plans to adjust its own industrial structure and foreign trade.
Source: Global Times | 2018/8/6 22:18:40

BRICS, B&R help Africa embrace a promising vision

While the protectionist trend in the US has shocked many world economies, Africa finds itself embracing a more promising economic vision based on respect, win-win cooperation and total integration.
Source: Global Times | 2018/8/6 21:08:39

Carney raises rates from position of weakness, but Brexit uncertainties left little choice

UK rate-setters unanimously voted to raise the policy rate to 0.75 percent from 0.5 percent. While the move was widely expected by economists, the united front was not. And even some of those who had anticipated a rate rise, such as analysts at Bank of America Merrill Lynch, view a hike as a mistake given the weakness of economic growth and the risk that the UK's decision to leave the European Union could turn out badly.
Source: Global Times | 2018/8/6 21:03:39

US must stop politicizing trade, technology issues

One of the excuses used by the US to start the tariff conflict with China is that China violated laws governing intellectual property rights (IPR) and “stole” IP from the West. This false accusation was intended to damage China's image and reputation.
Source: Global Times | 2018/8/5 22:18:39

US must stop politicizing trade, technology issues

One of the excuses used by the US to start the tariff conflict with China is that China violated laws governing intellectual property rights (IPR) and “stole” IP from the West. This false accusation was intended to damage China's image and reputation.
Source: Global Times | 2018/8/5 22:18:39

China won't make empty promises about financial assistance to Philippines

China won't coax the Philippines by offering empty promises. What is needed is an effective means of communication to strengthen bilateral cooperation in the area of infrastructure.
Source: Global Times | 2018/8/5 22:13:40

Trump clearly out of his depth in trade talks with EU

On July 25, when US President Donald Trump appeared in front of the White House with Jean-Claude Juncker, the president of the European Commission, their joint statement and spoken remarks surprised many. The two sides agreed “to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods.” It seemed like a remarkable U-turn for Trump, who, until recently, was threatening the European Union with higher tariffs – and extolling the value of trade tariffs (which are essentially taxes on imported goods) more generally. He even called the EU a “foe” as recently as June.
Source: Global Times | 2018/8/5 18:58:40

Elon Musk ekes out Tesla breathing space, but needs to start churning out cash

Elon Musk has eked out some breathing space for Tesla. The $50 billion electric-car maker burned less cash last quarter. It also started cutting 9 percent of its workforce. Along with producing more Model 3s, the company's volatile chief executive reckons that should turn the company profitable in the second half of the year.
Source: Global Times | 2018/8/5 18:58:39

Strong sales of US brands including Apple give China bargaining chips in trade row

As Apple shares unexpectedly hit a record high, yielding a market capitalization of almost $1 trillion, the hard-earned achievement sparked some discussion: Why has the California-based company enjoyed remarkable success in China, while some Chinese companies have experienced big losses amid a growing trade conflict Washington brought on.
Source: Global Times | 2018/8/2 22:13:40

China can help Africa embrace the technical future

How can Africa embrace the Fourth Industrial Revolution? Actually, it's a good opportunity for Africa, whose population is the youngest of all continents.
Source: Global Times | 2018/8/2 22:13:40