Chanel lowers prices to fit new market trend

Chanel SA, the French luxury fashion and accessories house, announced on March 17 that it was cutting prices in China, and more European luxury brands have followed suit to trigger a wave of price cut to compete for Chinese consumers in the world's fastest growing consumer market. Comments:

Hot words

Two-faced man

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Diplomacy can help resolve sea disputes

Speaking at the opening ceremony of the 2015 Boao Forum for Asia in Hainan province on March 28, President Xi Jinping reiterated that, "all of us must oppose interference in other countries' internal affairs and reject attempts to destabilize the region out of selfish motives". His remarks was echoed by Foreign Minister Wang Yi, who pledged that Beijing would follow the dual-track approach to solve disputes in the South China Sea.

Commemorative events highlight historical lessons

To commemorate the 70th anniversary of the end of the World War II, victory in the Chinese People's War of Resistance Against Japanese Aggression (1937-1945), and the founding of the United Nations this year, many countries including China and Russia plan to hold a military parade.

Pilots' right to privacy needs waiving

I carry some emotional wounds that were ripped open anew by the Germanwings tragedy. My cousin and his wife were killed on EgyptAir flight 990 on Oct 31, 1999, which is believed to have been another "aircraft assisted suicide"; as investigators concluded the "probable cause" of the crash was deliberate action by the relief first officer.

Talks, not bombs, needed to end Yemen conflict

China has joined other countries in evacuating its nationals from Yemen as war clouds grow darker over the Middle East country. The evacuation of hundreds of Chinese nationals on March 30-31 with the help of military ships reflects the government's determination when it comes to humanitarian relief and rescue missions.

US should not choose to remain outside the AIIB

More than 40 countries, including 30 prospective founding members, have signed up to join the Asian Infrastructure Investment Bank, as of March 31, the deadline for countries to apply for founding member status.

Foreign investment welcome

A recent anti-monopoly campaign launched by the Chinese government has raised concerns about whether protectionism will rise in China.

New policies might stimulate, as well as stabilize, realty market

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:

Evacuation shows China will protect its citizens

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:

Officials must use delegated powers better

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: