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India faces uncertainty in seeking to replicate China's success

Chinese companies are definitely investing much more in India than they were a decade ago, but their hopes of replicating China's business success in India may be less certain.
Source: Global Times | 2019/12/23 22:51:53

Italy and Germany more likely to unite on EU tech taxes

Ursula von der Leyen is starting on the defensive. Despite her ambition to overhaul the European Union, the new European Commission president is unlikely to persuade Italy and Germany to set aside their differences on common banking rules any time soon. A plan to tax technology giants offers a better chance for the traditional EU rivals to find some common ground.
Source: Global Times | 2019/12/23 22:34:13

China's tariffs cut plan will help India narrow trade deficit

China's new import tariffs cut plan that starts from January 1 will definitely benefit India in narrowing its trade deficit with China. India should learn from China's resolve and endeavor to expand its opening-up despite necessary short-term pains.
Source: Global Times | 2019/12/23 22:13:40

US could benefit from China's lowered tariffs

While China's move on Monday to lower tariffs on hundreds of foreign products are clearly not aimed at the US alone, US businesses, particularly high-tech companies, could benefit greatly from the decision. However, that would require the US government to shift certain policies.
Source: Global Times | 2019/12/23 22:08:40

China's tariff reductions not result of US trade war

While China's decision on Monday to reduce tariffs on more than 850 foreign products may attract special attention given the ongoing trade negotiations between China and the US, it is wrong to view the move, which could benefit many countries around the world, only through the lens of the trade war.
Source: Global Times | 2019/12/23 22:03:40

New technology, infrastructure investments to buoy up 2020 economy

With 2019 rapidly coming to an end, Chinese people are gauging the economic prospects for 2020.
Source: Global Times | 2019/12/22 20:08:11

European Commissioner to open tech's walled garden in 2020

European Competition Commissioner Margrethe Vestager will in 2020 swap her sledgehammer for a scalpel. A new, more surgical approach to antitrust regulation could finally make it easier for Alphabet-owned Google and Facebook's rivals to compete with these behemoths.
Source: Global Times - Reuters | 2019/12/22 19:15:43

Macao downgrade reveals Western bias

Criticizing Macao as it celebrates the 20th anniversary of its return to China is a reflection of Western-style prejudice against the Chinese model that has created nation-wide prosperity.
Source: | 2019/12/20 1:56:35

Macao to play a bigger part in China's chip push

The traditional view of Macao, the world's gaming capital, has gradually changed over the years, with science, technology and innovation becoming a growing part of the city's strength. The fact that a city as small as Macao is home to four of China's state key labs – one in the Macau University of Science and Technology and the remaining three in the University of Macau (UM) – speaks loudly for the rise of the special administrative region in the technology world. Focusing on the university's rising profile in the sphere of chip technology, Song Yonghua (Song), rector of UM, shares with the Global Times (GT) his thoughts on opportunities both for the university and the city amid a much-talked about push for regional growth.
Source: Global Times | 2019/12/19 23:13:40

Macao, HK must seek complementary path

As Macao Special Administrative Region (SAR) celebrates the 20th anniversary of its return to China, local businesspeople who have benefited tremendously from the SAR's ever-closer ties with the Chinese mainland are mulling over efforts to push the city toward becoming a greater part of the Chinese economy.
Source: Global Times | 2019/12/19 21:03:40

Aramco's next stop should be bonds, not stock market

Saudi Arabia's Plan A for its crown jewel hasn't gone to plan.
Source: Global Times - Reuters | 2019/12/19 18:43:40

Moody's touting Chinese debt risk barks up the wrong tree

Global credit rating agency Moody's deliberately has turned a blind eye on piling debt in Western countries such as the US while touting the risk of Chinese corporate debt. Chinese corporate debt is the “biggest threat” to the global economy, says Moody's chief economist Mark Zandi, according to a media report.
Source: Global Times | 2019/12/18 21:38:40

Unilever boss needs to channel his inner activist to avoid misses

Consumer giant Unilever is creaking. The $161 billion maker of Bovril meat paste warned revenue in 2019 will dip below its 3-5 percent target. Lucky that CEO Alan Jope doesn't have the likes of Dan Loeb's Third Point snapping at him, like Swiss rival Nestlé. But channeling the spirit of an activist would help avoid any more misses.
Source: Global Times - Reuters | 2019/12/18 20:33:40

China's economy has bottomed out

The Chinese economy has bottomed out. GDP growth this year is expected to grow by at least 6.1 percent. If we proceed with current economic operations and policies, the economic growth will not drop below 6 percent in 2020.
Source: Global Times | 2019/12/18 20:05:28

China's farm product imports will follow market principles

China's agricultural imports have triggered heated discussion online in recent days. Investors are struggling to determine the scale of agricultural imports, especially from the US, that China can digest in the next year.
Source: Global Times | 2019/12/17 23:33:09

Johnson's big win catapults Brexit plans into motion, unlocks policy black box

Britain will soon know what Boris Johnson's pledge to “get Brexit done” actually means. The UK Conservative Party secured a large parliamentary majority in Thursday's general election. This win will now allow Britain to quit the European Union three and a half years after voters narrowly opted to leave. The prime minister's policy ambitions, however, remain a black box.
Source: Global Times | 2019/12/17 21:07:48

China, US should cooperate on 5G

The fifth generation mobile technology (5G), which represents the future of the information and communication technology (ICT), is a crucial factor for China to promote quality development and also a key technology for all economies to realize their own development. As many countries expedite the development of the technology, highly intertwined global industrial chains, supply chains and value chains are taking shape. Such a high-tech innovation endeavor was born from global cooperation, and its further development also needs the international community to work together more closely with an open mind, especially China and the US.
Source: Global Times | 2019/12/17 21:07:24

India risks losing Chinese market if it shuns RCEP membership

India's choice to hold off on joining the Regional Comprehensive Economic Partnership (RCEP) isn't a wise decision.
Source: Global Times | 2019/12/16 23:27:20