Move to cool hot money

From Monday, the yuan's exchange rate fluctuation against the US dollar was expanded from 1 percent to 2 percent above or below the daily midpoint the central bank sets in the interbank spot foreign exchange market.

Cartoon

Chinese media needs to improve to compete

As the missing Malaysia Airlines plane continues to grab the headlines worldwide, the gap between Chinese and Western media in covering the incident has become ever more evident. During the first few days after the aircraft vanished from civilian radars, Chinese media criticized Malaysia Airlines for delaying the release of information, while their Western counterparts began to question the Malaysian government for suppressing crucial facts.

Warning of defaults

The quick denial by the people's bank of China that it is involved in bailout talks with a small property developer in East China's Zhejiang province, gives fair warning against the widespread moral hazard within and beyond the overheated property sector that reckless lenders and borrowers can always count on the government to bail them out.

Timely information sharing

More than 10 days after Malaysia Airlines Flight MH370 disappeared from radar, triggering an unprecedented multinational search, the sharing of information among the search parties has become all the more imperative.

What to expect from Xi's Europe visit

These are exciting times for EU-China relations. Just a few months ago, the two sides agreed to the 2020 Strategic Agenda. The second session of the 12th National People's Congress has just ended in China, and President Xi Jinping will visit Brussels at the end of this month, becoming the first Chinese president to visit the European Union headquarters. The course seems to be set for change.

Time for Chinese media to come of age

A message board on a Chinese website reads: "To our domestic media: can you do anything other than lighting candles?" Such complaints are all over Chinese websites because the Western media have been providing most of the key information on the missing Flight MH370, with the Chinese media playing second fiddle.

Letters

A critique of top US schools

From the Chinese press

Punish all rumormongers

A game with no winners

Ukraine's Crimea region held a referendum on Sunday offering voters the choice between becoming a constituent part of the Russian Federation or remaining part of Ukraine. With the overwhelming majority of those who voted in favor of joining Russia, Crimea's parliament formally applied to join Russia on Monday, and Russian President Vladimir Putin responded by signing a decree recognizing Crimea as a sovereign independent state.

Cartoon

Guns in America more deadly than smog

From the safety of my polluted perch in Beijing, I was thinking how much difference one year could make to gun control in the United States. In this short interval, Americans have stopped mourning in America and gone back to business as usual.