The comprehensive and deepened reforms advanced by top leader Xi Jinping and his colleagues over the past two years are aimed at serving the country's comprehensive, fundamental and long-term interests and their implementation will be helpful to the Party, the people and long-term national prosperity and stability, says a People's Daily editorial.
LEUNG CHUNYING, chief executive of the Hong Kong Special Administrative Region, said in a recent conference that he would continue discussing with the central authorities whether to limit personal trips from the mainland to Hong Kong. This has intensified the feelings of some irrational mainland tourists, with some radical ones tearing up their travel documents and posting the photos online as a protest. Comments:
ON SATURDAY EVENING, the People's Bank of China announced it was "asymmetrically" adjusting downward the benchmark interest rates of domestic financial institutions for RMB savings and loans, and allowing the institutions greater freedom in floating deposit interest rates upward. Being the second adjustment within three months, the move aroused much discussion. Comments:
OVER 450,000 CHINESE tourists travelled to Japan over the Spring Festival holiday and they spent about 6 billion yuan ($954 million). Multi-function toilet seat covers with smart control were among the most popular buys. However, a recent report said that some goods, including the covers, are actually made in China, yet they seldom appear in the domestic market. Comments:
"Comprehensively strictly govern the Party" is one of the newly declared "Four Comprehensives" political theory of the top leader Xi Jinping.
On Sunday, the United Kingdom's Duke of Cambridge, Prince William, was due to begin a visit to China. His trip to Beijing, Shanghai and southwest Yunnan province, is the first visit to the Chinese mainland by a member of the British royal family in nearly three decades.
Just a year and a half after opening its first free trade zone in Shanghai, China is now liberalizing its offshore borrowing for firms registered there. The China (Shanghai) Pilot Free Trade Zone was originally billed as a three-year trial, but China is forging ahead, and will expand Shanghai and launch three new zones in Tianjin in northern China, Fujian in the southeast and Guangzhou in the south in the near future.
With national deputies and members of China's top political advisory and legislative bodies gathering for their annual meetings in Beijing, Chai Jing, a former China Central Television news anchor, has helped set agenda of discussions for them in the next two weeks with her self-funded video Under the Dome, which investigates China's appalling smog and pollution.
Yu Xu, a migrant worker in Dongguan, Guangdong province, was able to start a business two years earlier than he expected after the local government simplified its commercial registration procedures.
Guangdong province, the pioneer of China's opening-up and reform policy, has taken the lead in administrative reforms to unleash the potential of the economy, especially in the private sector.
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