A recent anti-monopoly campaign launched by the Chinese government has raised concerns about whether protectionism will rise in China.
On Monday, 15 minutes before the end of the working day, the People's Bank of China and the Ministry of Housing and Urban-Rural Development jointly issued a document that includes favorable tax policies for realty sales and lower down payment requirements for mortgages. Comments:
As the situation in Yemen deteriorated, the Chinese government announced it would evacuate Chinese citizens in the region. On Sunday and Monday, after days of preparation and hard work, 571 citizens assembled at two ports in Yemen, where they embarked on two military ships to leave the country. Comments:
Delivering the Government Work Report at the Third Session of the 12th National People's Congress on March 5, Premier Li Keqiang pledged further reforms to streamline administration and delegate more powers to lower-level governments. However, many local officials seem rather reluctant to shoulder their due administrative responsibilities. Comments:
To the disappointment of Washington, the Beijing-proposed Asian Infrastructure Investment Bank is expected to have more than 40 founding members, many of them close allies of the United States, by the end of March.
The stock market's recent performance is often attributed to the unconventional monetary policies that many central banks have been pursuing. These policies, by design, lowered the return on sovereign bonds, forcing investors to seek yield in markets for higher-risk assets like equities, lower-rated bonds and foreign securities.
That Qiu He, former deputy Party chief of Yunnan province, has been put under investigation for violating Party discipline and the country's laws does not come as a surprise.
The euro has depreciated about 20 percent in the past year - from 1:8.50 yuan to 1:6.80 yuan - and could drop further. The plunging euro reflects the dramatic changes China and the European Union have gone through since President Xi Jinping paid a historic visit to the European Union headquarters on March 31, 2014. Wrapping up his first visit to Western Europe as China's president, Xi delivered a landmark speech at the College of Europe in Bruges, Belgium, on April 1, urging the two sides to become partners in peace, growth and reform.
It has proved somewhat sensational when a job search website released a survey revealing that the number of civil servants who quit their jobs after Spring Festival was 30 percent more than after the holiday last year.
The cooperative and win-win perspective demonstrated by Asian countries at the just-concluded 2015 Boao Forum for Asia Annual Conference heralds a brighter future for Asia.
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