China has scored eye-catching achievements in absorbing foreign capital over the past decades and it is now one of the largest foreign capital recipients in the world. However, improvements are yet to be made to expand the country's space for the inflow of foreign capital, so as to raise the quality and make the inflow sustainable. Looking at other countries shows the inflow of foreign capital is closely related to how clean a country is. The cleaner the political system, the more foreign investment a country will absorb. The more corrupt the political system, the less foreign investment a country receives.
The Aosaikang IPO debacle has revealed the extent of problems in the Chinese stock market, which apparently caught the watchdog agency by surprise.
That Beijing presented its rules on air pollution control to its legislative body for approval on Saturday is a sign that the capital is throwing down the gauntlet to smog, the biggest blight and shame on this ancient and modern metropolis.
President Barack Obama's long-awaited speech on overhauling the United States' controversial intelligence community had little substance, says a Xinhua News Agency commentary.
Thirty-five years ago, then-Chinese leader Deng Xiaoping launched the reforms that have changed China so remarkably. Now the country is launching a new round of reforms. What is the difference between now and then? "There are many," said Ezra F. Vogel, a professor of emeritus at Harvard University and author of Deng Xiaoping and the Transformation of China, which was published in 2011.
The Joint Plan of Action, an agreement signed by Iran and P5+1 countries, the five permanent members of UN Security Council and Germany, on Nov 24, 2013 in Geneva, Switzerland, comes into effect on Monday. According to the plan, Iran will temporarily freeze parts of its nuclear program in exchange for decreased economic sanctions. This has laid the foundation for further negotiations.
Huang Yanru, a member of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference, has proposed shortening the current 12-year elementary, middle, and high school education to 9 years, to allow young people to begin their work and plan their life earlier. Do you support this and why? China Daily's mobile phone news readers share their views:
Uncle Sam uses China's hypersonic missile test to bolster its Asia-Pacific strategy and build more sophisticated weapons
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