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CHINA DAILY - Friday October 24,2008
MAIN SECTION
Asian stocks dropped to a four-year low and the European market fell for the third day yesterday as the financial crisis continued to take its toll across the globe.
Asem7
Visiting German Chancellor Angela Merkel told Premier Wen Jiabao yesterday that she is committed to building close relations with China "in all fields".
Insight
A visit to a school usually brings out a smile in an adult, seeing children play and create a cacophony that strangely sounds melodious. But former gymnastics champion Mo Huilan felt a bit sad when she visited a school in the mountains of Jingzhou in Hubei province over the weekend.
Comment
The unprecedented turbulence in the international financial market and a looming slowdown in the global economy pose a key challenge to the Chinese government on how to make a correct judgment about China's economic situation. Chinese companies too face a similar challenge in their decision-making. The challenges coincide with the emergence of an increasing number of uncertainties in the international economic context and some outstanding problems and contradictions in the national economy.
Opinion
The world is going through not just an economic turmoil. It is a world order crisis and depending on one's point of view it is the sad end or good riddance of an era. Pax Americana has come crushing down after more than 60 years.
International
While much of Japan is grappling with deepening economic turmoil, the country's dapper prime minister has come under fire for enjoying a lavish nightlife.
Business
QINGDAO: Taking the initiative in the 2009 iron ore price negotiations, Chinese steelmakers are demanding a unified benchmark import price to eliminate the gap between the spot price from India and the contract price from Brazilian and Australian suppliers, the head of the Chinese industry body said yesterday.
China Finland Special
"The world is facing new and unprecedented challenges, as shown by the current economic turmoil but also long-term issues, and Finland wants to use ASEM to address these challenges, including in particular the environment," Antti Kuosmanen, ambassador of Finland told China Daily, ahead of the expected visit of President Tarja Halonen at the ongoing Asia-Europe Meeting.
China Singapore Special
Since the two countries established diplomatic ties 18 years ago, bilateral relations between China and Singapore have developed rapidly to become stable and mature.
Life
"Apartment Art" is an important addition to the Chinese art scene over the past three decades and refers to the critical and radical work of underground, experimental and avant-garde artists.
Sports
AUSTIN, Texas: Seven-time Tour de France winner Lance Armstrong was pleased with the 2009 Tour de France route announced Wednesday and is excited about the possibility of trying to win the race once again.
Sino French Special
With the 7th Asia-Europe Meeting (ASEM 7) around the corner, Herve Ladsous, the French ambassador to China, shared his views with China Daily on his nation's role in the European Union (EU), cooperation and opportunities between the EU and Asia, and China's pivotal role.