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Rollback of Dodd-Frank financial rules doesn't signal return to previous banking era

The first significant adjustment to post-crisis US financial regulation, passed on Tuesday, is not going to unleash financial Gomorrah. Big banks will barely notice the difference. And even if the deregulatory tide continues, the financial markets have changed sufficiently that the “good old days” aren't coming back any time soon.
Source: Global Times | 2018/5/24 21:08:40

US decision on Iran is not all bad news for China

On May 8, US President Donald Trump announced that the US would pull out of the Iran nuclear deal. The decision means that sanctions against Iran will be resumed, including fines for companies importing oil and related products from Iran. But the other countries that signed the deal – China, France, Germany, Russia and the UK – have made it clear that they will not withdraw from the deal.
Source: Global Times | 2018/5/24 21:08:40

Transparency will convince foreign investors of China's genuine opening-up

Pro-foreign investment efforts in progress to offer foreign businesses wider and more transparent access to China's market will effectively address foreign investors' concern over roadblocks in one of their most coveted markets.
Source: Global Times | 2018/5/24 21:03:41

Indonesia's path to prosperity lies in manufacturing

Indonesia is full of optimism, but much must be done to achieve its ambitions. Early last year, President Joko Widodo (Jokowi) set a goal for the country to become the world's fourth-largest economy by 2045, which will also be the 100th anniversary of independence.
Source: Global Times | 2018/5/24 21:03:40

US trade coercion moves must be abandoned

The US and China have pulled back from the brink of a potentially nasty trade war, following several rounds of intensive negotiations in Beijing and Washington.
Source: Global Times | 2018/5/23 21:58:42

Reciprocal opening-up only sustainable way to mutual gains for China, trading partners

China's pledge to buy more US goods as part of a deal to avert a bilateral trade war leaves Germany squeezed in the middle, Bloomberg News reported Wednesday.
Source: Global Times | 2018/5/23 21:58:42

US must amend its currency policy to ease deficit

Vice Premier Liu He has returned to Beijing following trade talks in the US, and the US will send a high-level team to Beijing for further discussions next week. The frequency of these official exchanges shows that China and the US are trying hard to find a solution to the recent trade tension.
Source: Global Times | 2018/5/23 21:38:40

Kai-fu Lee's new AI consultancy sounds promising but competition in the field is growing fast

Kai-fu Lee's venture capital firm Sinovation Ventures on Tuesday announced a new artificial intelligence (AI) subsidiary. But the former Google China president's new offshoot, essentially a business model innovation that could step up China's ambitions for AI dominance, still needs to be justified in terms of its commercial viability.
Source: Global Times | 2018/5/23 21:33:41

Reasoning, talks can resolve Sino-US trade disputes

There are inevitable conflicts and friction in China-US economic ties, given the discrepancy between the two countries' economic systems and structures, reserves of natural resources and standards of living. Despite such differences, there's still immense leeway for the world's two largest economies to complement each other's strengths.
Source: Global Times | 2018/5/22 23:23:40

China's purchases of US farm products reflect consumer demand, not US pressure

On Monday, US President Donald Trump tweeted that China will purchase from US farmers as much as they can produce. China is likely to step up imports of US agricultural products following bilateral trade talks, but that reflects China's own market demand rather than the country's bowing to US pressure.
Source: Global Times | 2018/5/22 23:18:39

Regulatory upgrade needed to deal with financial risks

Since the 19th National Congress of the Communist Party of China (CPC) last year, the pace of opening-up in China's financial sector has been even more rapid. On Saturday and Sunday, the 2018 Tsinghua PBCSF Global Finance Forum was held in Beijing, with the theme of “Financial Reform, Opening-Up and Stability in the New Era.” Attendees at the forum offered their views on the impact of opening the financial sector, the direction of financial reforms, technology for financial infrastructure service and supervision, and measures for dealing with risks.
Source: Global Times | 2018/5/22 21:53:41

Royal wedding a costly affair but tourism bonus for UK makes it worth every penny

Britain's costly royal wedding was worth every penny. The marriage of Prince Harry to Meghan Markle on Saturday could leave taxpayers out of pocket by more than 30 million pounds ($40.26 million). But if the transatlantic union lures even a small number of extra US tourists to the UK, the expense can be easily recouped.
Source: Global Times | 2018/5/22 21:53:40

Where does confidence in China's manufacturing come from?

After the ZTE incident, many people in China have begun to question the level of the nation's manufacturing. Some of these people formerly thought highly of it. How can we see the position of China's manufacturing in the world objectively? In terms of manufacturing added value, China is already first in the world. China's per capita manufacturing added value also significantly exceeds that of major developing countries.
Source: Global Times | 2018/5/21 22:08:40

China must coordinate with India, Europe to restrain US trade unilateralism

India and the EU have given the WTO “lists of the US products that could incur high tariffs in retaliation for US President Donald Trump's global tariffs on steel and aluminum,” Reuters reported over the weekend. Although the US has pulled back from launching a trade war with China, policy coordination among China, India and European countries is still needed to jointly restrain Trump's unilateralism.
Source: Global Times | 2018/5/21 22:08:39

Trade agreement is best outcome for China, US

There won't be a Sino-US trade war. This was the core achievement of Vice Premier Liu He's negotiations with the US. According to the statement made on Saturday, the two sides agreed to reduce the US trade deficit with China. China will increase the imports of US goods and services, including agricultural products and energy exports, and will attach more importance to patent protection and two-way investment.
Source: Global Times | 2018/5/21 22:03:40

Closing gender gap will take decades unless tech firms set bold recruitment targets

About one in three employees at Google, Facebook and Apple is a woman. That's an imbalance that tech sector executives Sheryl Sandberg and Tim Cook say they want to change. Yet even if their companies set a target of just over half their new recruits being women, a Breakingviews calculator shows that closing the gender gap will take up to 15 years.
Source: Global Times | 2018/5/21 22:03:39

US falsehoods show it can't escape Thucydides's Trap

Recently, the US Department of State issued an independent report accusing China of using debtbook diplomacy to serve its strategic aims in the Asia-Pacific. In the report, it mentions that China is providing strategic loans to small countries in the region and seizing the resources it wants when those countries have trouble repaying the debt. The report grabbed worldwide attention.
Source: Global Times | 2018/5/20 22:28:39

Australia needs to rethink its identity to cultivate appropriate ties with China

Australian Prime Minister Malcolm Turnbull is reportedly scheduled to travel to China later this year, following a visit last week by Australian Trade Minister Steven Ciobo, who was the first Australian minister to visit China in eight months.
Source: Global Times | 2018/5/20 22:23:39