The growing overstock in China's property market certainly calls for immediate policy support to prevent the cooling real estate sector from becoming too heavy a drag on the Chinese economy.
How to regulate appears to be the question when it comes to the management of online car hailing services by which one can use a smartphone to call a private car for a paid ride instead of a taxi.
A DEPUTY PARTY CHIEF OF BEIJING municipality Lyu Xiwen is under investigation for alleged corruption, it was announced on Wednesday.
DOZENS OF "UNIDENTIFIED PEOPLE" who claimed to be workers from Zhuoda Group, a real estate company in North China's Hebei province, besieged the Beijing offices of the new media company Wujie Media on Tuesday, and refused to leave until 12 hours later when police issued an ultimatum.
HAO ZHUANG, the head of the political and legal committee and local public security bureau in Jiaohe city, Northeast China's Jilin province, died from the injuries sustained after he fell from the sixth floor of his office building on Monday. According to his secretary who witnessed what happened, Hao Zhuang was cleaning the window when he accidentally fell. His body was cremated on Wednesday. Comments:
Leaders of the G20 countries will gather in Antalya, Turkey, on Nov 15-16 for a high-profile meeting amid expectations that they will work out measures to promote global economic development.
President Xi Jinping will attend the two-day G20 summit in Antalya, Turkey, which starts on Sunday, and many are wondering what he will do to deepen relations between the two rising regional powers.
Heads of government from European and African countries, together with delegates from international and regional organizations, gathered in Malta on Wednesday and Thursday for a summit on migration. And the Middle East refugee crisis will be an important topic at the G20 summit in Antalya, Turkey, on Nov 15-16, too. This is a good time for the entire world to reflect on the reasons behind the crisis.
Larry Summers is an insider of the Obama administration having served as director of the White House United States National Economic Council from January 2009 to November 2010.
Amid global fears about China's economic slowdown, the jaw-dropping amount that Chinese consumers spent on Wednesday was a much-needed display of China's huge potential domestic consumption, which if realized would be a key growth engine for the world's second-largest economy and the global recovery as well.
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Raymond Zhou
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Huang Xiangyang
Chen Weihua
