Inquiries over the use of lottery revenue laudable

It is good to know that the top legislators are "indignant" at the chaos surrounding government-run lottery revenues.

Government duty of care

Financial and other aid to parents who have lost their single child for one reason or another is an obligation the government should never shirk, as their misery has resulted from the fact that it is the State policy that allowed them to have only one child.

Narrowing widening income gaps ought to be focus of tax reform

THE CENTRAL AUTHORITIES HAVE RECENTLY PUBLISHED A PLAN on tax reform that echoing the public calls for a personal income tax system that aims at collecting more from those with high incomes. That's still unfair because those in the so-called high-income group are still wage earners, while those getting profits from properties can easily evade tax, says a Southern Metropolis Daily:

Policies to protect villagers' interests overdue

THE ANNUAL CENTRAL RURAL WORK CONFERENCE, held on Thursday and Friday in Beijing, is reported to have discussed the issue of compensation for villagers when their arable land is requisitioned. Beijing News says it hopes that a new policy will protect farmers' rights and end the chaos caused by local officials and realty developers requisitioning arable land at low cost, says an editorial on Beijing News:

Treating officials to banquets no longer proper

AN ENTREPRENEUR in Hefei, capital of Central China's Anhui province, donated 1,200 yuan ($185.6) each to 30 poor students in a local school. However, the school asked each child to spend 200 yuan on a banquet for the entrepreneur, the school officials and local government officials. The school principal later told reporters that he returned the money. Yangtze Daily asks when will the old practice of holding banquets for officials be curbed?

Hot words

Make up for deficiencies

Cartoon

AIIB to benefit Asia and beyond

The historic launch of the Asian Infrastructure Investment Bank's operations in the coming weeks has been highly anticipated - and rightly so.

How to look at China's latest achievements

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.

Fix macro disconnect to boost consumption

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.

Tech firms may return home via new board

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.

PetroChina puts sprawling pipeline assets into $12b firm

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.