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Exorbitant demands may cost India last chance to join global value chain

It now seems that India's decision to delay signing of the Regional Comprehensive Economic Partnership (RCEP) is nothing but another negotiating ploy.
Source: Global Times | 2019/11/25 21:46:42

Chinese companies explore opportunities in emerging African internet industry

Chinese company Meituan Dianping has recently invested in Nigeria, once again directing the international internet industry's attention toward Chinese companies in Africa. Africa's internet industry is developing rapidly, releasing the vast potential of the local market, which also means unprecedented opportunities for Chinese internet enterprises.
Source: Global Times | 2019/11/25 20:38:40

Fruitful lottery IPO may be Macron's only offering to former French banking peers

There are some benefits to having a former investment banker as president. Shares in La Française des Jeux (FDJ) rose by up to 18 percent on their debut after the government-controlled national lottery made its stock market debut in a listing championed by Emmanuel Macron, the ex-Rothschild banker who now occupies the Élysée Palace. But resurgent protests and a national strike will make it harder for him to flog other state assets in the coming year.
Source: Global Times | 2019/11/25 20:18:41

Cheaper accessibility would ensure 5G acceleration

Roughly one month after the 5G commercial rollout in China, the world's largest internet market, skepticism remains over whether there's too much hype about 5G and how big the impact is on 5G development of the politicization of the technology.
Source: Global Times | 2019/11/25 20:13:40

US trade war gamble to cause grave impairment for its uncertain, chaotic destiny

The Trump administration's rogue trade war against China is causing a distressful cold result – anemic economic growth everywhere, with the US' own growth expected to be pulled down to 2.4 percent for 2019 from a 3.3 percent rise a year ago.
Source: Global Times | 2019/11/24 18:38:41

EasyJet finds budget solution despite aviation being put in green movement's 'crosshairs'

EasyJet has discovered a low-cost way to offset Greta Thunberg. The Swedish environmental activist is trying to make flying shameful. Now the British budget carrier will spend 25 million pounds ($32.4 million) a year to compensate for its carbon dioxide emissions. That's less green than it sounds.
Source: Global Times | 2019/11/24 18:38:40

China needs to prepare for zero interest rates

The US Federal Reserve's (Fed) continuous interest rates cuts have triggered a race of interest rates cuts among central banks around the world, increasing excessive global liquidity even further. In this case, more countries are faced with monetary conditions of zero or negative rates. Recently, former US Fed chairman Alan Greenspan noted that “negative rates” are spreading around the world. Some financial institutions even believe the world will enter a low rates condition that hasn't occurred in 1,000 years.
Source: Global Times | 2019/11/24 18:33:39

Overdue lending rate drop could counter trade war impact, win back exports

China has taken a cautious step closer to the global trend of monetary easing and low interest rates as the benchmark lending rate dropped on Wednesday. The move is expected to ease pressure on Chinese economy from the China-US trade war, and to help China win back exports and build up a more attractive stock market.
Source: Global Times | 2019/11/21 20:33:41

Google-Facebook-Apple troika would be handy for US housing predicament

Silicon Valley firms get criticized for being too big. There's one way they could helpfully throw their weight around more: by teaming up to build homes.
Source: Global Times | 2019/11/21 20:23:40

China needs to maintain stable economic growth

The People's Bank of China (PBC), the central bank, on Saturday released a monetary policy report for the third quarter of 2019. It shows on one hand that the economic slowdown is placing increasing pressure on China's goal of stable growth; on the other hand, the consumer price index is on the rise and a declining producer price index has underlined the problem of the country's economic structure.
Source: Global Times | 2019/11/21 20:13:40

High savings rate rather than ultra-low interest rate a blessing to Chinese economy

The topic of China's high national savings rate has recently again attracted public attention. The country's gross savings rate reached 45.7 percent at the end of 2018, still ranking first in the world.
Source: Global Times | 2019/11/20 20:10:29

Slack without a team would likely be overwhelmed in a war of capital attrition

Slack Technologies is on the wrong end of the network effect. Shares in the work-messaging firm fell about 10 percent on Tuesday as its chief rival, Microsoft's Teams, announced it has almost twice as many users, based on latest reported numbers.
Source: Global Times | 2019/11/20 18:53:40

China's job market will go on thriving amid trade row

Prolonged trade anxiety and its resultant impact on global economic activity have yet to, and will likely not, deal a big blow to China's job market. The trade woes have at the most led to a labor market shift toward the services sector, notably internet-based flexible work options.
Source: Global Times | 2019/11/20 18:43:40

Diversified investment of reserve assets may provide ammunition for potential financial war with US

Through various investment instruments under the Belt and Road Initiative (BRI) framework, China is upgrading the yuan's internationalization and controlling more diversified, non-foreign-reserve assets despite declining foreign exchange reserves. These non-foreign-reserve assets provide more ammo if the US tries to wage a financial war that will hurt both sides.
Source: Global Times | 2019/11/19 19:23:41

Why is US inequality higher than Europe's?

Europe's political forces are divided between those who regard the EU as promoting unfair, inefficient neoliberal economic policies, and those who see the bloc as key to preserving the relatively equitable and inclusive “European social model.” Yet the recent European Parliament election featured little debate about this model, and generated few ideas for what policymakers should do to tackle income inequality across the continent.
Source: Global Times | 2019/11/19 18:58:40

SoftBank, Naver face uphill climb to create WeChat-like Japanese super app

A Japanese super-app sounds super-cool but it will be super-hard to create. SoftBank and South Korea's Naver want to merge Yahoo Japan and Line in a complex, multi-step, $30 billion deal that portends an all-in-one mobile service combining payments, messaging and more. Investors are excited about the idea, but there are a great many hurdles to success.
Source: Global Times | 2019/11/19 17:33:40

Trade war resolution necessary for US amid decreasing employment figures

The ongoing trade war between China and the US is already having an impact on the US job market.
Source: Global Times | 2019/11/18 19:48:39

S.Korea's faltering economy serves as global warning

In a World Economic Outlook report released in October, the IMF slashed South Korea's economic growth outlook for this year to 2 percent from the previous 2.4 percent. OECD also cut the country's expected GDP growth in 2019 to 2.1 percent. Investment banks all followed suit, lowering their outlooks for the South Korean economy.
Source: Global Times | 2019/11/18 19:43:40