Since its introduction by Chinese President Xi Jinping in 2013, the Belt and Road Initiative (the Silk Road Economic Belt and the 21st Century Maritime Silk Road) - an ambitious plan to revitalize the ancient Silk Road overland and maritime trade routes linking East and West - has attracted considerable attention.
Given China's current economic conditions, a large-scale stimulus to strengthen the demand side will not help mitigate the downward economic pressure; instead, it will exacerbate its overproduction and environmental degradation problems.
The laws of economics say social welfare should be in accordance with the economic development level of a country.
The Asia-Pacific Rebalance 2025 report unveiled by the Center for Strategic and International Studies (CSIS) on Wednesday reads like a call to prepare for a war with China.
If the only thing we have to fear is fear itself, the International Monetary Fund's decision to cut its global growth forecast for the third time in a year should not be interpreted as a result of worries about the Chinese economy or plummeting oil prices.
Every year before Spring Festival there are a flood of reports of migrant workers not being paid by their employers. A range of measures recently worked out by China's Cabinet should help to at least curb the long-standing problem of employers defaulting on wages.
THE WORLD'S 62 RICHEST PEOPLE have as much wealth as the poorest 3.6 billion people, half the world's population, according to a new report by Oxfam International. Half of the 62 richest people are from the US, 17 from Europe, with the remainder from China, Brazil, Mexico, Japan and Saudi Arabia. The mega-rich have seen their net worth soar over the last five years and the top 1 percent now own more than all the rest combined. Huanqiu.com on Wednesday says:
JU XIAOLIN, an ordinary technician without any title or rank in the bureaucratic system, was elected to be deputy chairperson of the All-China Federation of Trade Unions on Sunday, the first time such an appointment had been made in the history of the unions. That's a significant move for the organization and the whole country, says youth.cn on Monday:
ERIC TSANG, a Hong Kong actor, has reportedly confirmed his resignation as political advisor to Jiangmen, a city in Southeast China's Guangdong province. Tsang has never shown up at an annual session of Jiangmen Committee of the Chinese People's Political Consultative Conference, the political advisory body, since he was elected in 2011. Changjiang Daily on Wednesday calls for more binding regulations on political advisors, who are supposed to help improve social governance:
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
