The Obama administration is looking increasingly left behind as it defies its closest allies and the US president's own party on foreign economic policy in Asia. The Obama administration rebuked the United Kingdom for agreeing to participate in negotiations for the Asian Infrastructure Investment Bank, even though the new institution would fill a major gap in Asian infrastructure needs.
As the second-largest economy in the world, China is not only playing an increasing influential role in the global economy, but also leading changes that would have been unthinkable even a decade ago.
Is Japan's economy taking a turn for the better? The Nikkei, Japan's leading business daily, recommends keeping an eye on women's hairstyles and eyebrows for an answer.
The reopening of the regular talks between the foreign ministers of China, the Republic of Korea and Japan on Sunday in Seoul, after a hiatus of three years, sends a positive signal of a thaw in the relations between Japan and its two neighbors.
The 2015 Boao Forum for Asia Annual Conference to open on Thursday will push Asian countries to take further steps toward building a "community of shared destiny", says a People's Daily article.
US FEDERAL PROSECUTORS IN CALIFORNIA HAVE ANNOUNCED that they are suing Qiao Jianjun, a former Chinese official suspected of embezzling 300 million yuan ($48.4 million), for fraud in obtaining his immigration visa when he fled to the United States. His former wife is already under arrest. This is the first instance of a corrupt Chinese official being sued in US. Comments:
WITH IN SIX DAYS OF THE CONCLUSION OF THE ANNUAL SESSIONS of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference, four tigers, or senior officials, at the vice-ministerial or higher, have been placed under investigation for corruption. Comments:
THE EUROPEAN LUXURY brand Chanel recently announced that it was reducing the prices of three handbags in China by 20 percent while increasing them in Europe by 20 percent; some of its branches in Beijing have already made the adjustment. This is the first time Chanel has cut its prices in the past five years. Comments:
China's annual economic growth target of about 7 percent in 2015 is rational and necessary. As a developing country, China still has strategic opportunities, and its investment and consumption remain two effective growth boosters despite weak demands for its exports.
The annual gala of China Central Television on March 15, the International Consumer Rights Protection Day, always sparks more disputes than expected, because it seems the program should be fairer while trying to expose violations of market rules by companies and businesspeople, which demands hard work and guts.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
