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.
IN HIS SPEECH AT THE RECENT BOAO FORUM, top leader Xi Jinping said China's "Belt and Road Initiative" will not replace the existing regional cooperation mechanisms. Instead, they will help economies coordinate with each other strategically. More than 60 economies and international bodies have welcomed the initiative. Comments:
IN A RECENT INTERVIEW with The Washington Times, Japanese Prime Minister Shinzo Abe spoke vaguely about the "comfort women" who were forced to be sex slaves by the occupying Japanese Imperial Army during World War II, calling the issue "human trafficking" without mentioning who was responsible. Comments:
A MIDDLE SCHOOL student in the Haidian district of Beijing was recently scolded by four adults, who had illegally parked their car in a bicycle lane, for shooting a video of their action. The irritated four even said the boy had no right to do so. Comments:
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Raymond Zhou
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