The Federal Open Market Committee, a monetary decision-making body within the US Federal Reserve Board, announced on Wednesday, after a two-day meeting, that the benchmark interest rate of 0 to 0.25 percent will remain unchanged if unemployment in the United States stays above 6.5 percent.
Leaders of the United States and China have repeatedly stated that the bilateral relationship between the world's two largest economies will shape the 21st century. When Vice-President Xi Jinping visited Washington D.C. in February, he was quoted as saying that the economic relationship between the two nations constitutes the "ballast and propeller" for bilateral ties.
It is not enough to feel pity after a wave of deadly attacks hit a dozen Iraqi cities and towns on Monday, killing at least 47 people and leaving more than 110 wounded. More should be done to dig into the root cause of the Iraqi people's plight today, and prevent the violent reality in Iraq from repeating itself elsewhere.
The country's first yearly migration report, released on Monday, reveals that 150,000 Chinese citizens emigrated to the United States, Canada, Australia and New Zealand in 2011, and of them some 87,000 gained permanent residency in the United States. But what is noteworthy is the fact that 27 percent of entrepreneurs whose wealth has exceeded 100 million yuan ($16.4 billion) have already emigrated and another 47 percent are considering following suit.
The policy messages in the statement released after this weekend's Central Economic Work Conference were broadly in line with recent other statements, including the one after the Dec 4 meeting of the Party's ruling authority, reflecting some satisfaction on growth and emphasizing stability.
'Will I get a pay rise?" This question is foremost on almost every wage earner's mind as the year nears its end.
The eight measures put forward by the newly elected leadership of China, aimed at improving the Party's working style, display the new leadership's determination to cut extravagance and bureaucracy and bring leaders closer to the people.
Francis Bacon's aphorism, knowledge is power, is what struck me the most when Xi Jinping, the new Party chief, presented an English-Chinese dictionary as a gift to a schoolgirl in a poverty-stricken rural family.
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