BUSINESS >>Insider's Eye

Effective land reform can revitalize China's GDP growth

The Chinese economy is facing downward pressure. Maintaining stable growth has again emerged as a key issue. China has reached a point where it must choose whether to expand real ...
Source: Global Times | 2018/8/27 22:28:40

UK can limit no-deal Brexit currency crisis but vital role of finance sector still at risk

Britain is trying on its Brexit crash helmet. On Thursday, the UK government revealed the first batch of contingency plans for what happens if the country exits the EU next ...
Source: Global Times | 2018/8/27 21:18:39

Strong dollar suits Trump's ego but not the US

Having gained more than 8 percent in value since the start of the year, the US dollar is nearing highs not seen in more than a decade, and market indicators ...
Source: Global Times | 2018/8/26 20:23:40

Dismal Meitu results show harsh reality facing tech firms when user loyalty tails off

A Chinese mainland beauty app just revealed an ugly tech reality. Meitu unveiled dismal first-half results, which lopped nearly a fifth off its $2.9 billion market capitalization. A strategic makeover ...
Source: Global Times | 2018/8/26 20:23:39

Trade deal will strengthen China-Panama relations

China and Panama began talks over a free trade pact in July, only one year after the two nations established diplomatic relations. The first round of negotiations took place in ...
Source: Global Times | 2018/8/23 20:13:41

Italy's bond fix plan is just a covert bailout designed to avoid hard budget decisions

Italy's latest bond fix idea resembles a covert bailout. The economic spokesman of the ruling League Party, Claudio Borghi, says the euro will collapse unless the European Central Bank (ECB) ...
Source: Global Times | 2018/8/23 20:13:40

Yuan depreciation not a tactic amid trade tension

Under the current economic situation, the yuan to US dollar exchange rate can be stabilized at around 7 per the US dollar. Even if it may weaken from that level, ...
Source: Global Times | 2018/8/22 19:58:41

Maduro's new economic strategy will enlarge gaping hole in Venezuela's finances

Venezuela's President Nicolas Maduro is rearranging the economy's deckchairs. A plan he announced on Friday night to devalue the bolivar, peg it to an obscure state-backed cryptocurrency and raise the ...
Source: Global Times | 2018/8/22 19:58:40

China, Mongolia see great potential for cashmere trade

Mongolia has long pushed to diversify its economy and increase the economic viability of its livestock sector, particularly its wool and cashmere business. This is also important for China. Although ...
Source: Global Times | 2018/8/21 21:03:41

Greater powers for US deal review body could put skids under Tesla buyout plans

Tesla Chief Executive Elon Musk's idea of taking the company private faces risks beyond the financial and disclosure-related kind. Saudi Arabia's help in a buyout could spur national-security scrutiny under ...
Source: Global Times | 2018/8/21 21:03:40

Right approach needed for China, Thailand to develop greater B&R-EEC cooperation

Thailand's Eastern Economic Corridor (EEC) Development Plan, the country's largest-ever infrastructure and industrial scheme, could be well aligned with China's Belt and Road (B&R) initiative, if the two countries can ...
Source: Global Times | 2018/8/20 21:03:39

Multilateral institutions vital in new global order

From the end of World War II to the mid-2010s, economic globalization progressed relentlessly through expanded trade, proliferating capital flows, faster (and cheaper) communication, and, to a lesser extent, human ...
Source: Global Times | 2018/8/20 20:58:39

Federal Reserve shows worrying disregard for history

Economic developments over the past 20 years have taught – or ought to have taught – the US Federal Reserve four lessons. Yet the Fed's current policy posture raises the ...
Source: Global Times | 2018/8/19 20:08:40

Italian govt must consider appropriate punishment carefully after bridge collapse

Italy's deadly bridge disaster will shape the country's infrastructure fix for better or worse. Shares in toll-road operator Atlantia have fallen as much as 30 percent since the Genoa viaduct ...
Source: Global Times | 2018/8/19 20:08:39

Realistic view of B&R will serve initiative best

Since early this year, articles portraying the Belt and Road (B&R) initiative in a bad light have emerged. The timing is tricky since 2018 is the fifth anniversary of the ...
Source: Global Times | 2018/8/16 22:53:41

Special ties with Pentagon may win Amazon a contract but will lead to greater scrutiny

US President Donald Trump may not like Jeff Bezos, but his Department of Defense gets along great with Amazon. Consultants associated with the $927 billion Seattle juggernaut occupied top positions ...
Source: Global Times | 2018/8/16 20:53:40

China's achievements should be shared with world

The most frequent excuse used by US President Donald Trump to support his reckless decision to launch a “trade war” against China is that China has taken advantage of the ...
Source: Global Times | 2018/8/15 22:38:40

Latest Musk missive delivers new dose of confusion over future prospects for Tesla

Elon Musk has revealed a bit about his mooted buyout of Tesla, and a lot about himself. On Monday he explained why he thinks a $59 billion take-private deal is ...
Source: Global Times | 2018/8/15 20:38:40