China imposed the largest anti-trust fine in its regulatory history on a dozen Japanese auto parts manufactures and suppliers on Wednesday, reflecting its resolve to prevent market leaders from jeopardizing consumer interests through price manipulation.
The much-anticipated anti-"Occupy Central" protest was held in Hong Kong on Sunday afternoon. While different parties will continue to debate the actual turnout, the march was a considerable success. Before Sunday, the Alliance for Peace and Democracy, the event organizers, predicted a turnout of over 120,000 people. This target appears to have been comfortably met. Opponents continue to discredit the protest, saying participants were either coerced or bribed into participating, but the true significance of the march was that it signaled a new mindset for the pro-establishment camp.
Tension has been escalating in Ferguson, Missouri, since the fatal shooting of unarmed teenager Michael Brown by a police officer early this month, with the shooting triggering debate on whether it was the result of racial discrimination. And this warrants a broader look at the issue of how African-Americans are faring in US society today.
It is not a big surprise that some Western media outlets have portrayed the ongoing Shanghai Cooperation Organization's joint anti-terrorist military drill in Zhurihe as a sign of Russia flexing its muscles with China's support.
It is highly noteworthy that, for the first time, the media were included in the national reform program by Chinese leader Xi Jinping in a speech on Monday.
In a policy speech on the US' Asia-Pacific strategy delivered at the East-West Center in Honolulu, Hawaii last week, US Secretary of State John Kerry said the United States is seeking to forge a relationship with China that broadens cooperation on "common interests".
IT HAS LONG BEEN CONTROVERSIAL FOR the top executives of State-owned enterprises to receive annual incomes of millions of yuan while still enjoying privileges identical to ranking officials. Reform of the salaries and privileges for these executives, which was discussed on Monday at a meeting of the central leading group on deepening reforms, will hopefully change this.
This year marks the 110th anniversary of the birth of Deng Xiaoping, as well as the beginning of comprehensively deepening reforms which were laid out by the Third Plenary Session of the 18th CPC Central Committee. Being a decisive move in the rejuvenation of modern China, the reform and opening-up initiated by Deng over three decades ago has proved to be the sole and only way to revive the country in the long run.
China has come a very long way since Deng Xiaoping articulated his vision of a reformed and modern China in December 1978. More than 35 years after the historical Third Plenum of the 11th Central Committee of the Communist Party of China in December 1978, "socialist market economy" has become a frequently used phrase in modern economic and development literature.
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