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World economy facing more challenges next year as growth woes continue across the board

After having experienced a tumultuous year, highlighted by the China-US trade dispute, the world economy may be facing grimmer prospects in 2019.
Source: Global Times | 2018/12/4 18:32:42

Pensions unsustainable without new system

Every society faces the difficult task of providing support for older people who are no longer working. In an earlier era, retirees lived with their adult children, providing childcare and helping around the house. But those days are largely gone. Retirees and their adult children alike prefer living independently.
Source: Global Times | 2018/12/3 22:18:08

Healthy balance sheet and sales in China could make L'Occitane a tempting option

L'Occitane could prove a fragrant option for private equity suitors. The Provence-inspired soap-and-skincare brand has struggled of late, in part because of a costly expansion. But a clean balance sheet, prospects in China and a resolutely unglamorous share price suggest an alluring makeover target.
Source: Global Times | 2018/12/3 22:10:53

Beijing needs bolder steps to bolster economic growth amid China-US trade truce

A China-US tariff truce achieved over the weekend on the sidelines of the G20 summit in Argentina might be beneficial to China's economic restructuring, but the trade dispute won't be a disruptive force affecting the inner dynamics of the Chinese economy.
Source: Global Times | 2018/12/3 21:53:39

Past offers lessons for future of reform, opening-up

After four decades of reform and opening-up, China has achieved great results. But arduous tasks lie ahead, so there can be no end to the hard work of reform. For instance, we have completed some of the reform tasks proposed by the central government since the 18th National Congress of the Communist Party of China. Yet, considering the goals, the remaining tasks are still heavy.
Source: Global Times | 2018/12/3 21:48:39

China-Argentina coaction is not 'debt-trap diplomacy'

China has provided support to Argentina in overhauling its Belgrano Cargas Freight Railway, a transportation artery stretching across the South American country. Some Western observers call China's investment in developing and less developed countries “debt-trap diplomacy,” which works in theory by offering cheap infrastructure loans and then taking over strategic assets if countries default on their debt payments. China is becoming more involved in infrastructure projects in South America, and the US has expressed rising concern over the risk of debt traps. To gain insights into the situation, Global Times (GT) reporters Hu Weijia and Bai Yunyi talked to Yin Zhixin (Yin), general manager of the project by China Machinery Engineering Corporation (CMEC) to help revamp Argentina's Belgrano Cargas Freight Railway.
Source: Global Times | 2018/12/3 20:43:39

More drama yet to come as Australian probe reveals extensive banking misconduct

The curtain is falling on a dramatic inquiry into banking misconduct Down Under. Commonwealth Bank of Australia and others have been battered by the findings of the Royal Commission, with $39 billion wiped off the value of the Big Four lenders this year as investigators found banks taking fees from dead clients' accounts and pressuring vulnerable borrowers. As the show winds down, investors should brace for a big shake-up.
Source: Global Times | 2018/12/3 20:38:40

Performance of equity markets shows importance of connections between Beijing, Washington

An important trade consensus China and the US reached on the sidelines of the just-concluded G20 summit in Argentina is unlikely to prove to be a magic stimulant for US stocks, which are still under the pressure of squeezing out bubbles. With trade woes increasingly weighing on the US economy and Wall Street, there is a growing case for the US to improve the linkage between US stocks and Chinese mainland shares.
Source: Global Times | 2018/12/2 21:48:39

Madrid-Yiwu rail shows unique Sino-Spanish bond

China and Spain agreed on Wednesday to build on the 45th anniversary of the establishment of diplomatic ties to jointly promote the development of the relationship. The two countries share a deep understanding and admiration for each other, at the cultural and social levels as well as in the political and economic dimensions.
Source: Global Times | 2018/12/2 21:38:39

Chinese firms taking giant leaps in race for space

Chinese businesses are becoming more active in the commercial space sector, and this will be vital for building the nation's strength in an industry that is increasingly important for future competitiveness.
Source: Global Times | 2018/12/2 21:13:39

Slowing growth means Unilever will eventually have to try restructuring plan again

Alan Jope's tenure at Unilever will be like the company's popular British spread, Marmite: smooth at first with a bitter aftertaste. The consumer giant's new chief executive can cruise until 2020, but may then have to revisit controversial reforms to its dual-share structure.
Source: Global Times | 2018/12/2 21:08:39

China, US must take trade-war truce as opportunity to make concrete strides

Outside the hotel where Chinese President Xi Jinping and his US counterpart Donald Trump met Saturday night in Buenos Aires, Argentina, many people on the street halted with an expression of curiosity. Everyone was trying to guess what kind of deal can be made between China and the US.
Source: Global Times | 2018/12/2 19:28:39

Tough negotiations need basic guiding principles at G20 summit

The 2018 G20 summit kicked off in Argentine capital Buenos Aires on Friday. Negotiations on major issues at the summit including trade are expected to be tough.
Source: Global Times | 2018/12/1 1:28:44

G20 helping the world escape protectionism

The upcoming meeting between the two leaders of China and the US during the G20 summit in Argentina will be watched closely by the world in the coming days. During the past six months, the US government has launched protectionist trade measures against many countries and economies, including China, putting the global economy under growing pressure. It remains to be seen whether the G20 summit will ease this situation.
Source: Global Times | 2018/11/29 21:53:40

Maldives would be wise to shun meaningless 'gift' from New Delhi

India's plan to provide loans to the Maldives to help the island nation repay its debts to China will likely turn out to be nothing more than an old trick that will lead to India becoming a new creditor for the Maldives.
Source: Global Times | 2018/11/29 20:08:40

US won't be able to force global supply chain restructuring by administrative means

The use of administrative means to force a restructuring of supply chains isn't a recommended policy for the US government amid the trade dispute with China. It is hoped that Washington will take the opportunity at the upcoming G20 summit in Buenos Aires, Argentina to reach a trade deal with Beijing, reducing the uncertainty that's hovering over global supply chains.
Source: Global Times | 2018/11/28 21:53:40

China's central bank shuns stimulus 'flood' as pressure intensifies

Given the aftereffects of China's past large-scale stimulus plans, an important goal of the central authorities in setting monetary policy is not to flood the market with liquidity again.
Source: Global Times | 2018/11/28 21:48:41

Why central bank digital currencies could destroy cryptocurrencies

The world's central bankers have begun to discuss the idea of central bank digital currencies (CBDCs), and now even the IMF are talking openly about the pros and cons of the idea. This conversation is past due. Cash is being used less and less, and has nearly disappeared in countries such as Sweden and China. At the same time, digital payment systems – PayPal, Venmo, and others in the West; Alipay and WeChat in China; M-Pesa in Kenya; Paytm in India – offer attractive alternatives to services once provided by traditional commercial banks.
Source: Global Times | 2018/11/28 19:22:39