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The State Council's decision to raise pension for enterprise retirees nationwide by 10 percent from 2010 is much delayed as the aging of one of the world's biggest population has made it more urgent than ever before for China to improve its social security net, especially the substantially under-funded pension schemes.
Just as Asian economies started to recover from the global recession, policymakers and markets began worrying over unwarranted asset price increases.
As part of a global campaign to improve overseas opinions on Chinese-made products, a 30-second advertisement aimed at promoting the "Made in China" brand made its debut on the Cable News Network (CNN) on Nov 23, 2009.
The Time magazine's announcement that "the Chinese Worker" was one of four runners-up for its Person of the Year award and its use of eight photographs of workers at a factory in Shenzhen have taken us by surprise. "Why does a US media outlet, which has not been so friendly to China, credit Chinese workers thus" must be the question on the mind of every Chinese.
Policy works. Recovery takes place. But there is a price to be paid. That may turn out to be the message of 2010.
The Shanghai index shows a powerhouse economy. Looking at the weekly chart of the Shanghai index, this is the only global market, which showed a true, and powerful 'V' shaped recovery in 2009.
The Chinese Academy of Social Sciences "Blue Book 2010" just reiterated a widely accepted fact - the World Wide Web has become an independent source of news and information in this country.
It would be a sheer lie for world leaders to say they are happy with the Copenhagen climate accord. Many of them only reluctantly signed the toothless declaration last Friday.
Climate change is an issue that concerns the common interest of the international community. However, the West still approached climate change at the Copenhagen summit with the power politics of a Cold War mindset.
The Third Amendment to China's Patent Law is both an important legislative milestone and a turning point in the development of China's intellectual property (IP) system.
Editor's Note: Since the onset of the global credit crisis last fall, the five biggest mergers and acquisitions involving Chinese banks lost nearly half or more of their value.
Backed by an increase in sales of lower-end models, local Chinese auto manufacturers have now taken 30 percent of the market.
