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Businesses should try keeping up with the Kardashians following Snap snub snafu

What's the value of celebrity? It's not just a theoretical question. Reality star, model and cosmetic-maker Kylie Jenner wiped more than $1.5 billion from Snap's wobbly market capitalization on Thursday after she questioned the usefulness of its main product, disappearing-message app Snapchat. Influential fans can attract users, and repel them if they publicly flee. Balance sheets don't capture that kind of asset, but maybe they should.
Source: Global Times | 2018/2/27 20:08:39

Chinese travelers should 'just say no' if corrupt overseas border officials seek tips

With the boom of outbound tourism, Chinese travelers need to show their determination and courage and directly refuse if they are asked to tip local officials in Southeast Asian countries.
Source: Global Times | 2018/2/26 22:03:40

China's organic food firms need help to keep growing

A typical example of the shift is Chinese people's growing demand for safe, quality food, which apparently signifies an across-the-board change of mindset. It's for this reason that organic produce – referring to food grown without pesticides and other man-made additives, and which is generally more nutritious, safe and environmentally friendly – has emerged in recent years as an increasingly popular choice among Chinese consumers.
Source: Global Times | 2018/2/26 21:18:40

Trump hoping to roll back Dodd-Frank, but Treasury offers more sensible option

The US Treasury's view on what happens when big financial companies fail is about right. A long-awaited report recommends beefing up the bankruptcy code in case a large financial institution needs to be resolved, while keeping the door open to government intervention. It's possible to quibble with the details, but the big-picture proposals strike a sensible balance.
Source: Global Times | 2018/2/26 21:18:39

Foreign companies must respect public opinion, still welcome in Chinese market

Germany's Daimler AG recently got into trouble in China after its luxury unit Mercedes-Benz quoted the Dalai Lama, who is considered a separatist trying to split China, in a post on its Instagram account. Although the Germany-based carmaker has faced intense criticism on Chinese social media sites, the issue should not be seen as a drag on the status of Western companies doing business in China.
Source: Global Times | 2018/2/25 22:23:40

Bay Area can be driving force for B&R development

The Belt and Road (B&R) initiative was created as a Chinese comprehensive national policy for global development. It should be a guiding principle that the Guangdong-Hong Kong-Macao Bay Area (GHKMBA) needs to work with, while relying on the GHKMBA as a development model.
Source: Global Times | 2018/2/25 21:18:39

KFC only has itself to blame after effort to cut costs with new supplier backfires

KFC's penny-pinching ways have left it stuffed. The fried-chicken chain owned by Yum Brands had to close hundreds of its UK restaurants after running out of poultry. Its plan to cut costs by ditching its old food supplier for a cheaper one backfired. The cock-up shows that chasing higher margins is no sure way to feather your nest.
Source: Global Times | 2018/2/25 21:08:39

India's abuse of trade remedies against Chinese products will end up entrapping itself

The first two months of 2018 have turned out to be a peak period for India to pursue trade remedy actions against China, its top trading partner, as the South Asian nation continues moving in a backward direction that'll only end up hobbling its ambitions to rival China.
Source: Global Times | 2018/2/22 22:33:40

Mainland IPO could help Foxconn to be service provider as well as manufacturer

Foxconn is aiming to manufacture something different in a new location. The Taiwan-based assembler of Apple's iPhones plans to spin off a subsidiary in Shanghai. Fresh funds will help it push into new technologies. Given the nature of stock trading in the mainland, it also could be retooling its valuation.
Source: Global Times | 2018/2/22 22:03:39

Sinking of Sanchi must lead to improved regional emergency preparedness

The sinking of the Iranian oil tanker Sanchi in the East China Sea in January, an event whose environmental impact is still being assessed, will prompt greater regulatory transparency to provide public access to information about all possible risks from oil pollution.
Source: Global Times | 2018/2/21 23:28:40

China-Latin American ties prove US criticism wrong

On January 22, the Second Ministerial Meeting of the Forum of China and the Community of Latin American and Caribbean States was held in Santiago, Chile. The meeting concluded with a series of framework documents to promote long-term cooperation.
Source: Global Times | 2018/2/21 23:23:39

Trump budget appears unworkable but infrastructure program might have traction

President Donald Trump's budget is mostly fan fiction for Republicans. The administration is calling for big cuts to non-military programs in its $4.4 trillion budget for 2019. The two-year spending deal unveiled earlier this month effectively dooms the plan, though it may offer a blueprint for GOP budget hawks. Infrastructure, meanwhile, offers one hope of bipartisan dealmaking.
Source: Reuters | 2018/2/21 23:18:39

Chinese firms offer tangible benefits to Morocco

Huawei Technologies Co is a major player in communication infrastructure in Africa, but its impact goes beyond business profitability factors. Unlike French, Italian, Spanish and British firms, the Chinese company's efforts in the continent affect other sectors and many indirect stakeholders through the diversity of its portfolio and social responsibility programs.
Source: Global Times | 2018/2/21 23:13:40

Overseas Chinese project safety needs more attention

Early in February, a shooting incident took place in Karachi, Pakistan. Chen Zhu, an employee of an affiliate of China's COSCO Shipping Lines in Pakistan was killed.
Source: Globaltimes.cn | 2018/2/20 13:08:36

Trump has misunderstood reasons for US deficit with China

US President Donald Trump has claimed numerous times that China is taking advantage of the US with unfair trade practices. The Trump administration has also taken a series of protectionist measures that have pushed the two countries to the brink of a trade war.
Source: Global Times | 2018/2/18 10:01:32

Car electrification helps establish China as tech leader

China is reaching quickly toward its promise to the 2015 Paris climate accord to rapidly reduce its world-topping pollution levels. China's central government, the mayors of its massive cities, and the people in these cities are seeing the evidence of lower pollution as blue skies are returning. Some claim that the increase in electric vehicle (EV) usage has brought on the clear skies - but it's more complex than that.
Source: Global Times | 2018/2/17 10:18:53

Gearing up for China's economy in new era

China has made extraordinary progress in a relatively short period of time. As its economy has grown and the base of economic activity has broadened, its reform challenge has become exceedingly complex. Once again, it is important to stress that financial engineering is not a substitute for the heavy lifting of reforms. There are no shortcuts on the road to China's new era.
Source: Global Times | 2018/2/16 11:08:38

Market should have more say in yuan rate

Since June 2017, several days after China's central bank announced it would introduce a countercyclical adjustment factor in calculation of the yuan's central parity rate, the Chinese currency reversed a nearly two-year depreciation against the US dollar. There were six main reasons for the yuan's strength.
Source: Global Times | 2018/2/15 11:07:00