The economies of the United States and China - indeed, the entire global economy - are suffering from weak aggregate demand, which is creating deflationary pressures.
The bonhomie on display between Chinese President Xi Jinping and Indian President Pranab Mukherjee, along with Russian President Vladimir Putin during the celebrations to mark the 70th anniversary of the victory of Allied forces over Nazi Germany in World War II provides an interesting backdrop for Indian Prime Minister Narendra Modi's visit to China from May 14 to 16.
At a recent press conference of the Foreign Ministry, an official said China will help Nepal in its post-earthquake reconstruction.
It is not surprising that China's Foreign Ministry has responded with strong words to the accusations of countries such as the Philippines and the United States, which have intentionally played up China's construction work on some of its islands and reefs in the South China Sea.
Beijing announced on Monday, people can use three gestures to show their objection to those smoking in public venues. One is to put a hand over one's mouth to tell a smoker that one minds him or her smoking.
At a time when the world is celebrating the Allies' victory in World War II in different ways, the United States, as the world's sole superpower, is expected to be sending signals of peace as well. On the contrary, the Pentagon issued its annual report on the state of China's national defense on Saturday, which once again tried to sell the outdated "China threat" theory.
THE PEOPLE'S BANK OF CHINA lowered the benchmark interest rates for both one-year loans and deposits by 0.25 percent from Monday, and raised the upper limit of the floating band of deposit interest rates. This is the third time the central bank has cut interest rates in the last six months. Comments:
A RECENT "DEATHBED" WILL, handwritten by a patient in his 60s before a low-risk operation at a hospital in Yueyang, Hunan province, led to heated discussions on the doctor-patient relationship after it was found in the operating room and posted online by a surgeon. The will demand the hospital to compensate the man's family with at least 300,000 yuan ($48,043) if he died during surgery. The man survived. Comments:
LIKE ALL OTHER festivals, Mother's Day, which was celebrated on May 10, saw waves of congratulations and gratitude flooding domestic social networks. However, in sharp contrast, many people don't visit their mothers for a whole year or longer. Do we practice filial piety only once a year, and, more ironically, only through social media? Comments:
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
