BUSINESS >> Comments

Giving credit where due can help cut systemic risks in China

A critical gap in China's financial landscape, which is being transformed by the internet, is set to be filled with the central bank's recent issue of the nation's first personal credit-scoring license.
Source: Global Times | 2018/3/8 21:58:40

Pakistan's involvement in B&R initiative raises its profile, influence in South Asia

The image of Pakistan has improved as the country gives full support to China's Belt and Road (B&R) initiative.
Source: Global Times | 2018/3/8 21:53:40

Property tax not just aimed at taming home prices in China

China will “prudently advance legislation on real estate tax,” Premier Li Keqiang said on Monday while delivering his annual government work report at the opening of the 2018 two sessions. It is expected that the country will go one step further in rolling out a property tax nationwide, an arrangement that is common in most other countries.
Source: Global Times | 2018/3/8 21:38:39

US simplifies Qualcomm decision by complex means as Broadcom is forced to wait

Washington has waded into Broadcom's effort to buy rival chipmaker Qualcomm for $117 billion. The US foreign-investment watchdog has told Qualcomm to delay by 30 days its annual shareholder meeting, previously set for Tuesday. The agenda includes director elections that could give board control to nominees of Singapore-based Broadcom. It's a surprising twist in an already tangled situation. But it may remove a big unknown from the equation.
Source: Global Times | 2018/3/8 21:28:40

Modi's reforms will help India avoid risk of debt crisis

India's banking system has restructured more than 6 trillion rupees ($92.34 billion) in bad debts over the past three years. The recent $2 billion Punjab (PNB)-Nirav Modi fraud has made it worse.
Source: Global Times | 2018/3/7 22:33:40

Rising economy requires China to assume larger responsibility in global governance

China's economy is expected to overtake that of the eurozone in 2018, which means it has to assume more responsibility on global issues. China's GDP is forecast to reach about $13.2 trillion this year, beating the $12.8 trillion combined total of the 19 countries using the euro, Bloomberg said Wednesday.
Source: Global Times | 2018/3/7 22:33:39

More A-share progress needed to tempt tech giants

With supply-side reforms in China's domestic capital market gathering pace, there have been discussions about overseas-listed Chinese companies – mostly technology firms – potentially relisting in the A-share market. It has become a hot topic during the ongoing two sessions, with some tech bosses who are also deputies and members of the annual legislative and consultative gatherings expressing their willingness to refloat their companies at home.
Source: Global Times | 2018/3/7 21:03:39

Uncertainty over Trump administration policy dampening US energy sector spirits

Policy tensions are curbing spirits that should be soaring in the US energy sector. The Organization of the Petroleum Exporting Countries (OPEC) will break bread with US shale producers at an industry confab in Houston, Texas, a sign of American wildcatters' influence on the global market. But infrastructure bottlenecks and President Donald Trump's new tariffs threaten to prevent drillers from taking full advantage of their clout.
Source: Global Times | 2018/3/7 20:58:39

Voluntary Trade Zones can be China's answer to global protectionism

During the past 40 years, the concept of free trade areas (FTAs) has been frequently mentioned, and FTAs have become a symbol of globalization. Developed nations in the West have tried to use FTAs as bridges to gain access to resources and the commercial advantages of free trade. Most developing countries have used FTAs to learn about international business operations and make connections with foreign companies.
Source: Global Times | 2018/3/6 23:08:39

Environmental awareness can support aim of raising living standards via B&R

The Central Committee of the China Association for Promoting Democracy (CAPD), one of the nation's eight non-Communist political parties, proposed during the annual two sessions this week that the government should pay attention to heavy metal pollution in drinking water in countries and regions along the route of the Belt and Road (B&R) initiative, news portal reported on Tuesday.
Source: Global Times | 2018/3/6 23:03:40

China needs better security intelligence for overseas projects

In recent years, cases of raids, kidnappings and hijackings have sometimes affected the overseas operations of Chinese enterprises and Chinese people working abroad, causing serious losses and even casualties. The need for more developed overseas security for Chinese firms and employees has become a more and more significant issue.
Source: Global Times | 2018/3/6 22:56:34

Qihoo buyout has turned out to be a huge winner but deal will be hard to follow

Zhou Hongyi may have pulled off one of history's great trades. The Chinese executive led a $9.3 billion management buyout of New York-listed antivirus company Qihoo 360 in 2016. Now its successor, 360 Security Technology, is trading in Shanghai at a $56 billion market capitalization. That value difference far outstrips what most hedge funds or commodity traders achieve in years of arbitraging price anomalies.
Source: Global Times | 2018/3/6 22:53:40

Policy support needed for China's new services

The services sector will be tomorrow's fastest-growing industry in China, boosted by the internet and various forms of new technology, and will offer a growing abundance of opportunities for domestic firms.
Source: Global Times | 2018/3/5 22:53:40

Giant fund manager takes small but important step toward tackling US gun crime

The world's largest fund manager has put those who make or sell weapons of mass murder in its crosshairs. On Friday BlackRock, which oversees more than $6 trillion, outlined steps to ensure the three publicly traded arms manufacturers in which it owns stock make “a positive contribution to society.” It won't solve the US gun-violence epidemic, but by engaging with gunmakers and distributors rather than divesting, BlackRock provides a blueprint for how shareholders can bring about social change and safeguard their investments.
Source: Global Times | 2018/3/5 22:53:39

Seizing opportunities can ensure new era of growth for China

The new US Federal Reserve Board Chairman Jerome Powell shared his bullish outlook on the US economy in his first Congressional testimony last week. Though it is not clear how many times he will raise interest rates, recent market turmoil will not stop the pace of US monetary normalization. But there are observers who wonder whether the next crisis is approaching.
Source: Global Times | 2018/3/5 22:28:40

India could compete with China by using an appropriate economic growth model

Even as it has become the world's fastest-growing major economy, India will take decades to catch up with China, media outlet Fortune India said in a recent report. But although India still lags behind China in various fields, there is probably no need for the emerging country to be too frustrated.
Source: Global Times | 2018/3/5 22:28:39

Accountability can help Chinese dairies regain trust

French dairy giant Lactalis recently admitted that some of its milk sources may have been contaminated for more than 10 years, following a milk powder scandal involving the company in December. As soon as the news broke, heated debate developed among Chinese consumers, as most new parents in China prefer imported milk powder to domestic brands.
Source: Global Times | 2018/3/4 23:02:01

Moves by EU to raise barriers against Chinese investment can only backfire

Chinese companies have increased their investment in European strategic industries, raising concerns in the target countries that this may undermine national security. The EU may beef up a plan to screen foreign investments, Bloomberg reported, citing a key EU lawmaker.
Source: Global Times | 2018/3/4 22:58:39