SOURCE >> Comments

CBOT wheat up sharply, soybeans slump in holiday-shortened week

Chicago Board of Trade (CBOT) wheat futures gained double digits over export sales, while soybeans continued the downturn due to trade uncertainty in a Thanksgiving-shortened trading week.
Source: Global Times | 2019/12/1 20:18:40

China, US to cut phase one deal soon

China and the US can definitely reach a “phase one” trade deal. I'm confident and optimistic about this. If the bilateral trade talks make good headway and make progress quickly, the two sides can expect to reach a trade deal before the coming Chinese New Year at the end of January, 2020.
Source: Global Times | 2019/12/1 20:18:39

Will the US or China lead global scientific innovation?

The physics world was last year stirred up by the findings of a research team at the Massachusetts Institute of Technology (MIT), which recorded the superconductivity of magic-angle twisted sheets of graphene at 1.7 kelvin (-271.45 C). China has made a hefty commitment to the super-material of strategic significance for technological innovation. The country has been particularly thrilled about the giant leap as 1996-born Cao Yuan, a graduate from the University of Science and Technology of China and a doctoral candidate in physics under MIT professor of physics Pablo Jarillo-Herrero (PJH), is a crucial member of the team led by Jarillo-Herrero. Cao discovered the magic angle and published two papers in the prestigious Nature magazine as first author in March 2018. Cao enjoys being at MIT and, once he graduates, he has to make his decision about what to do, Jarillo-Herrero revealed in an exclusive interview with Global Times reporter Li Qiaoyi (GT) in Beijing, on the sidelines of the Future Science Prize Forum earlier in November. Jarillo-Herrero also touched on some vital aspects of graphene research and commercialization, China's technological rise and the resulting unease in the US.
Source: Global Times | 2019/11/28 23:14:43

Who can afford to buy Bloomberg, the company, if the man becomes president?

In college, Michael Bloomberg joked he would be the US' first Jewish president. On Sunday, the former New York City mayor presented himself as the antidote to current US President Donald Trump. For that pitch to work, though, Bloomberg the man will need to do something with Bloomberg the company. Keeping his eponymous firm would present a potential conflict of interest.
Source: Global Times | 2019/11/28 22:23:40

China's economic growth can maintain stability in 2020 amid global slowdown

China's economic growth slowed further in 2019 due to structural, cyclical and external factors. Nevertheless, the economy is expected to maintain a medium-high rate of growth – likely around 6 percent – in 2020, if China can reach a phase one agreement with the US over the year-long trade war and adopt more powerful counter-cyclical measures to boost the economy.
Source: Global Times | 2019/11/28 22:18:40

US shouldn't push China to specify agricultural import amount in trade deal

The US shouldn't push China to make commitments on specific amounts of agricultural product import increases in a first-phase agreement that would defuse the year-long trade war, or even take this as an “achievement” to show off, because such a “special treat” for the US is not in accordance with the World Trade Organization (WTO) rules and is not reasonable.
Source: Global Times | 2019/11/28 21:53:40

Clarification of HK stance urgently needed from DC

A DC Comics poster showing Batman holding a petrol bomb has triggered heated debate online for its seemingly implicit support of Hong Kong's rioters.
Source: Global Times | 2019/11/28 12:31:00

Struggling Indian economy set to continue slowdown amid repetitious onion crisis

India's GDP growth is expected to slow further to a rate below 5 percent in the 2019-20 fiscal year, as the country's inflation level has been increasing amid developments in its onion crisis. The skyrocketing price of the vegetable ubiquitous in Indian cooking could lead to increased social problems. The overlap of rising inflation and the economic slowdown is sounding the alarm of potential stagnation for the Modi administration.
Source: Global Times | 2019/11/27 20:48:40

Energetic Monday is nothing but a cold comfort as M&A slump is likely to continue

Monday is statistically the most common day for heart attacks. Bankers' pulses would have been particularly elevated this week, with over $70 billion of deals announced worldwide. Yet the excitement will probably prove temporary. Mergers and acquisitions are in a lull compared with recent years, and a sustained pickup seems unlikely.
Source: Global Times | 2019/11/27 20:23:40

How do Chinese and Indian stock markets compare?

The Indian stock market is older than China's and is more inclusive, market-oriented and internationalized. However, it took China just three decades to attain the development that the Indian stock market gained over more than a century. As China's stock market continues to expedite its opening-up process, foreign investment institutions are expected to be facilitated further.
Source: Global Times | 2019/11/27 20:13:40

US attempt to oust Chinese telecoms firms sacrifices well-being of rural Americans

The US should stop banning Huawei and ZTE, which are major equipment suppliers for small, rural mobile phone carriers in the country. If China ceases product supply or raises prices, it will impair the interests of small rural carriers in the US.
Source: Global Times | 2019/11/26 20:21:34

Washington in no position to point fingers at CPEC

Pakistani officials have successively come forward to refute recent US criticism of the China Pakistan Economic Corridor (CPEC). Why don't Pakistani officials buy allegations of the CPEC's “heavy debt burden?” Because they know that the US doesn't really care about their country's debt problems and that Washington is just trying to create obstacles for China-Pakistan cooperation.
Source: Global Times | 2019/11/26 20:04:31

US Fed refutes Trump, affirming American consumers pay tariffs

US President Donald Trump has insisted that Chinese manufacturers and exporters were forced to pay the additional tariffs, after his administration imposed levies of up to 25 percent rate on the bulk of goods made in China.
Source: Global Times | 2019/11/26 19:57:45

World Chess token-exchange 'hybrid IPO' is perhaps a better game plan than it seems

Chess pawns are weak pieces with lots of potential. Get one to the opposite side of the board, and you effectively add a second queen to your ranks. World Chess Chief Executive Ilya Merenzon is making a similar pitch to potential investors in a “hybrid initial public offering” of the broadcaster, which is developing an “Armageddon” chess league for TV. His ploy is less absurd than it sounds.
Source: Global Times | 2019/11/26 19:23:41

EU should react to green light for public investment

The eurozone faces immense economic challenges. Germany and the Netherlands, which together account for 35 percent of the monetary union's GDP and have ample fiscal space, should take the lead in tackling them.
Source: Global Times | 2019/11/26 18:58:40

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