The economic data of Jan 20 showed that, on a quarterly basis, the slowdown of China's economy was interrupted in the fourth quarter of 2014. However, for the year as a whole, GDP growth slowed from 7.7 percent in 2013 to 7.4 percent last year, slightly below the official target of 7.5 percent, the first time this has happened since 1990.
Responding to a report in a German magazine that Chinese cyber spies stole sensitive data on defense programs, such as the United States' F-35 Lightning II fighter jet, China's Foreign Ministry spokesman Hong Lei said on Monday that such allegations are "totally groundless and unproven".
The Chinese mainland stock market may have suffered its biggest loss on Monday, but rebounded on Wednesday. 2015 is set to be the first of what is likely to be a three-year bull run for Chinese equities.
Senior US leaders invited sharp criticism at home for not attending last week's solidarity rally in Paris against the terrorist attack on French satirical magazine Charlie Hebdo in which 12 people were killed. As a result, US Secretary of State John Kerry was in Paris this week to make up for the mistake.
The next 18 months to two years will be a watershed period in relations between the European Union and China.
Just a few weeks after a female migrant worker died in Shanxi province after her hair was trampled upon by police, a 13-year-old girl jumped off the 16th floor of a building under construction in Jizhou, Hebei province; both tragedies happened when migrant workers met difficulties in collecting their wages for the year. Comments:
For many investors, yesterday is "black Monday" because the Shanghai Composite Index sank 260 points to close at 3,116 points. During its swings the lowest point was even 3,095. Comments:
Recent corruption cases have reportedly exposed the deterioration of the political ecology in local authorities.
China released the summary of its overall economic performance in 2014 on Tuesday, which showed a 7.4 percent GDP growth, the lowest since 1990 and 0.1 percentage point lower than in 2013.
China is reforming the pension and wage system of civil servants and employees of government-funded public institutions, which covers about 50 million people.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
