In 2015 developed countries' economic growth could recover to the level of their potential. The growth rate of the US could even surpass its potential, supported by a healthy household balance sheet, a tighter labor market, and the rise in capacity utilization.
China's road management authorities have claimed they spent as much as 431.2 billion yuan ($69 billion) on the building, operation and maintenance of expressways, while collecting 365.2 billion yuan in tolls in 2013, meaning there was a huge deficit of 66 billion yuan.
The South-North Water Diversion Project is expected to begin supplying water to Beijing by the end of this week, but rumors are doing the rounds that the capital may have to wait longer for water from South China because the central route canal has frozen.
Being a Canadian living in China for more than 10 years, I feel fortunate to share the joys of Western and Chinese festivals with my Chinese wife, friends and students.
White-collar workers hiring people to write their year-end work summaries has become a booming business on the Internet. The fact that many white-collar workers don't write their own year-end summaries should prompt employers to adopt better year-end evaluation measures, says an article on guancha.gmw.cn. Excerpts:
Parents should know that by pampering and spoiling their children they are not only ruining the future of their offspring, but also creating trouble for themselves in the long run, says an article on pinglun.youth.cn. Excerpts:
Editor's Note: The following is an excerpt from the speech by Cai Mingzhao, minister of the State Council Information Office, at the Mid-term Assessment Meeting on the National Human Rights Action Plan of China (2012-15) on Dec 23, 2014.
THE NEW GUIDELINES ON ETHNIC AFFAIRS, issued jointly by the Party and State Council and made public on Monday, may sound insipid to many.
Ethnic problems or conflicts should be made clear instead of being mixed up with other issues. Some conflicts happen in regions with minority groups, while some criminal law-breaking activities involve minorities; neither should be simply considered ethnic conflicts. All conflicts and problems should be dealt with according to the law and that's the basis of rule of law in the autonomous regions.
China's anti-corruption net is catching "tigers", senior corrupt officials as well as "flies" or corrupt officials at grassroot level.
A special session of the Japanese Diet, or the national legislature, is likely to be held on Dec 24 to choose a new prime minister, and if re-elected to the post, Shinzo Abe needs to change his provocative military and foreign policies in order to revive Japan's sagging economy. This is important because without closer cooperation with China and the Republic of Korea, he cannot achieve the goal.
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