The success of modern-day China is not accidental. It is based on adherence to its many fundamental beliefs. One of these beliefs is the need for interdependence and collaboration with the outside world.
Structural change and rebalancing are formidable undertakings for any economy. China has been focused on these objectives for five years - seeking to transform a powerful yet unbalanced growth model based largely on exports and investment into one driven increasingly by its consumers. Success is essential if China is to avoid the dreaded "middle-income trap" - the economic slowdown that most fast-growing developing economies experience when they reach income thresholds comparable to that of China today.
Overseas-listed Chinese technology companies will soon be able to return to the home market as China will roll out a strategic emerging industries board on the Shanghai Stock Exchange dedicated for listings of high-growth and innovative enterprises, top securities officials said on Friday.
Chinese energy giant PetroChina Co is putting a sprawl of pipeline operations into a single company with a registered capital of 80 billion yuan ($12.4 billion), saying it wants to improve efficiency and boost the value of the businesses.
There are now 780 so-called "Taobao villages" in China, a 268 percent increase over the past year, according to the latest research.
After pouring billions of dollars into a wide cross section of industries, e-commerce conglomerate Alibaba Group Holding Ltd has developed a hunger for online food delivery services.
Shaanxi provincial officials have hit another significant milestone in their overseas economic development plans linked to the Belt and Road Initiative, after approval was given to the new Xixian Bonded Logistics Center.
The severity of the hazardous smog that has forced Beijing to close schools twice so far this month should justify local education authorities heeding the calls of parents for air purifiers and other facilities to be installed in classrooms.
Since it is now the second-largest economy in the world, China accepts that it should pay a bigger UN membership fee and bear a greater share of the international body's peacekeeping costs.
AS TAIWAN is to hold debates among local leadership candidates for the region, Terry Gou, chairman of the Taiwan multinational Hon Hai/Foxconn Technology Group, openly called for the candidates to talk clearly about the issues instead of trying to play on voters' emotions. Haiwainet.cn asks whether that will work:
GUANGZHOU, capital of South China's Guangdong province, is reportedly reviewing the plan to build 15 new subway lines prior to 2030 at a cost nearly 500 billion yuan ($77 billion).
A CAR CARRYING a couple and three children crashed into a school in Xuzhou, Jiangsu province in East China. The driver, who had no license, has been detained on suspicion of driving under the influence of drugs as well.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
