Urbanization is a major tool of the government to maintain economic stability, and Premier Li Keqiang's speech marks the move to boost confidence as the economy shows hints of decline. The move can also benefit the central and western provinces and regions by better balancing economic development, as well as easing the pressure on population and resources in the eastern coastal regions.
After its initial public offering (IPO) on New York Stock Exchange, Alibaba is expected to become the third-biggest Internet company listed in the United States in terms of market value. Although Alibaba's IPO is expected to fetch between $154 billion to $169 billion and could turn out to be the largest of its kind in US history, many Chinese might be asking a question: Why did Alibaba founder Jack Ma seek to list on the NYSE rather than seeking A-shares on the Chinese mainland?
William Wallace, Robert the Bruce, David Cameron.
The 17th Asian Games opens on Sept 19 in Incheon, the Republic of Korea, and has been aptly themed "Diversity Shines Here". Diversity will indeed shine in Incheon but it will shine for unity on the Korean Peninsula, because this is the first time the Democratic People's Republic of Korea will participate in a sports event in the ROK since the 2005 Asian Athletics Championships in Incheon and, more importantly, this is the DPRK's first presence in a major global event since its leader Kim Jong-un assumed office in 2012.
The Asia-Pacific region is experiencing some profound changes, and its economies should be prepared for possible reshaping of economic patterns in an era of slower economic growth.
For most holidaymakers flocking to Sydney's Bondi Beach, they probably do not know the city's most famous seashore resort was once heavily polluted: Its famous sandy beach was rubbish-laden and its seawater unsuitable for swimming due to water contamination.
HOW DO WE LOOK AT THE FIGHT AGAINST CORRUPTION if a government department turns out to be a den of corruption with the majority of its members being found to be involved in abusing their powers? Do we agree with some who claim that the fight has gone too far or do we adhere to the belief that zero-tolerance of corruption is the only way the campaign can triumph?
Electricity, crude oil, irrigation... one after another, corruption has been discovered in the local authorities governing natural resources. Such corruption is often hidden under the cover of higher threshold and technology qualities, calling for stricter supervision. Insiders say that a whole chain of corruption formed in Jiujiang, with professional agents purchasing project permits from officials and selling them to construction corporations. Dare anybody trust the quality of irrigation projects constructed this way?
China-India relations are poised to take the "orbital jump", says India's National Security Adviser Ajit Doval. Going by the growth of bilateral trade ties - which is expected to jump from $66.45 billion in 2012 to $100 billion by 2015 - that seems likely. But bilateral trade is characterized by an overwhelming trade deficit for India. The concern is apparently economic in nature but if enough attention is not paid to it, the good work done over the past few years to strengthen bilateral ties could be undone.
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