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Chinese success directly connected to ensuring wealth, prosperity for citizens

In celebrating the 70th anniversary of the People's Republic of China, 1.4 billion Chinese have found relief provided by the central government as it continues to steer the country in the right economic direction. The results were realized through the government's efforts in embracing reform and opening-up policies, implementing public welfare programs, partnering with as many countries as possible, and avoiding a zero-sum game with the US.
Source: Global Times | 2019/10/7 20:48:39

WeWork needs to avoid becoming 'the poster child for the private-market boom and bust'

The We Company's prospectus for its flotation said its mission was “to elevate the world's consciousness.” Having now abandoned its stock offering and its shamanic leader, the parent of shared-office provider WeWork has at least understood that self-realization is integral to that calling. But it needs more than greater awareness to ensure its survival.
Source: Global Times | 2019/10/7 19:43:39

China-Russia mutual trust more stable than gold

According to data from the Central Bank of the Russian Federation, Russia's foreign exchange reserves reached a record high of $529.1 billion in August. Gold reserves were 2219.2 metric tons, or $109.5 billion, accounting for 20.7 percent of total foreign exchange reserves. It is the first time in 30 years that the share of gold in Russian foreign exchange reserves has exceeded 20 percent.
Source: Global Times | 2019/10/7 19:23:40

'Defeating China' is wishful thinking from Soros

After George Soros wrote an op-ed piece in the Wall Street Journal saying his interest in defeating China "goes beyond US national interests," some Chinese media outlets reported the billionaire financier attempted to short sell Hong Kong stocks recently when the market was hit hard by the city's ongoing riots. It is worth considering why Soros is so obsessed with defeating China.
Source: Global Times | 2019/10/6 11:54:12

Deepening mutual trust higher on the agenda for China and Russia than buying gold

According to data from the Central Bank of the Russian Federation, Russia's foreign exchange reserves reached a record high of $529.1 billion in August. Gold reserves were 2219.2 metric tons, or $109.5 billion, accounting for 20.7 percent of total foreign exchange reserves. It is the first time in 30 years that the share of gold in Russian foreign exchange reserves has exceeded 20 percent.
Source: Global Times | 2019/10/4 11:37:16

China's success is for everyone to enjoy

In celebrating the 70th anniversary of the People's Republic of China, 1.4 billion Chinese have found relief provided by the central government as it continues to steer the country in the right economic direction. The results were realized through the government's efforts in embracing opening-up and reform policies, implementing public welfare programs, partnering with as many countries as possible, and avoiding a zero-sum game with the US.
Source: Global Times | 2019/10/3 12:01:16

70 years: China's contributions to the world

China has spent 70 years exploring a suitable road for its development, and it has simultaneously spent those 70 years continuously contributing to global progress. Since China's reform and opening-up began in 1978, the country has experienced rapid and sustained economic growth.
Source: Global Times | 2019/10/1 10:33:25

US blame strategy toward China untenable

Huawei, the Chinese privately held technology star, launched the Mate 30 series in September, the bombshell smartphones with “fifth-generation” (5G) technology after being blacklisted by the US Commerce Department.
Source: Globaltimes.cn | 2019/9/30 10:41:53

Decoupling effort shows US underrates China

Some fanatical US hawks need to take a closer look at what the Chinese economy has achieved over the past 70 years, instead of devising crazy ideas about a US-China decoupling. Why? Because they are playing with fire and seriously underestimating the development of China's manufacturing industry and companies.
Source: Global Times | 2019/9/29 20:32:05

China-Africa governance exchange nothing like the export of Western institutions

Since the founding of the People's Republic of China, China has been providing foreign aid for 70 years. It can be said that foreign aid was the most important and even the only content of the Republic's diplomacy for a long time. As China's aid expands, especially with the deepening of China-Africa relations in recent years, the criticism of China's aid to Africa by world opinion has intensified.
Source: Global Times | 2019/9/29 20:13:39

Cross-border sharing, exchange key for scientific leaps

There seems to have been a change in how people are talking about Chinese science over the past 70 years. Slowly but steadily, artificial intelligence (AI) is changing everything about our lives. What are the strengths and weaknesses of China's AI ecosystem? Will the emerging AI industry be immune to geopolitical games? To find answers to these questions, Global Times reporter Hu Weijia (GT) talked to Xu Feiyu (Xu), vice president of Lenovo Group and head of AI Lab, in an exclusive interview in San Francisco.
Source: Global Times | 2019/9/28 19:11:24

China will not take easy path in chipmaking despite eased trade tensions with US

Alibaba's semiconductor subsidiary Pingtouge unveiled its first chip on Wednesday, fleshing out the nation's chipmaking reputation which has largely revolved around the self-sufficiency push from an embattled Huawei this year.
Source: Global Times | 2019/9/28 19:03:40

World must work together to fight US sanctions abuse

The US is imposing new sanctions on five Chinese nationals and six Chinese companies for shipping Iranian oil, the US Treasury Department announced on Wednesday. It is not the first time that the US has blacklisted Chinese companies over Iran.
Source: Global Times | 2019/9/26 20:03:40

Sufficient confidence required for China to ratchet up intelligent manufacturing

In the past 10 years, the added value of the secondary sector, which includes manufacturing, construction and transportation, take up less share of China's GDP, dropping significantly from 48 percent to 40 percent.
Source: Global Times | 2019/9/26 19:58:41

Silicon Valley obsession dents India's tech prowess

Not long after, there will be cheers again for Tata Consultancy Services (TCS), India's top tech company, to once again outdo IBM in market value. The sad part yet to be realized or acknowledged is that the achievement attests to, at the most, the South Asian nation's strength in the IT services subsector of the wider tech world.
Source: Global Times | 2019/9/26 19:48:40

Outflow of talents to the US is not a bad thing for New Delhi's IT clout

Some have blamed the lackluster development of India's internet industry on the country's brain drain, but this may be a false proposition.
Source: Global Times | 2019/9/26 19:18:40

US goes hog-wild in blaming Beijing for pork prices

No way. China won't take the blame for rising pork prices globally, an unjustified accusation made by The Wall Street Journal in an article on Monday.
Source: Global Times | 2019/9/25 20:58:40

China and Southeast Asian neighbors need to strengthen joint law enforcement

Cambodia's recent crackdown on online gambling has seen thousands of Chinese nationals leave Sihanoukville, a coastal city in Cambodia rife with illegal online gambling, over past weeks.
Source: Global Times | 2019/9/25 20:28:40