The annual Central Economic Work Conference, held in Beijing between Friday and Monday, has called for all-out efforts to speed up the carrying out of essential economic reforms.
Lately, the Philippines has been selling the South China Sea arbitration case it unilaterally initiated to the international community while defaming China, claiming that China's non-acceptance of and non-participation in the arbitration undermines international rule of law. Such moves are best captured by a Chinese saying: the guilty party filing the suit first.
Reviewing the process of the change from demand management to supply management in market economies will help us understand China's supply side management.
The Barack Obama administration has just authorized another round of arms sales to Taiwan worth $1.8 billion, which Beijing has strongly opposed because it undermines the country's sovereignty and national integrity.
The historic agreement passed at the Paris climate change conference compels all countries for the first time to reduce greenhouse gas (GHG) emissions that cause global warming. In particular, the agreement aims to keep global average temperature rise to below 2 degrees Celsius above pre-industrial levels on the basis of equity and common but differentiated responsibilities of countries and their respective capabilities.
Among the cornucopia of goods, rice cookers, toilet seats, thermos mugs and ceramic knives are the "four treasures" Chinese tourists usually buy in Japan. And they buy in bulk.
The United States owes China a reasonable explanation as to why US B-52 bombers entered Chinese airspace near the Nansha Islands on Dec 10.
The frequency of severe smog seems to have made emergency measures to lessen the pollution's impact part of life for Beijing residents nowadays.
THE US SENATE on Friday ratified reforms to boost the representation of emerging economies at the International Monetary Fund. The approval for plans to give emerging markets more voting power and double the IMF's resources were agreed in 2010, but had been delayed by Congress. China's central bank welcomed the move in a statement on Saturday. Xu Hongcai, an economist at the China Center for International Economic Exchanges, applauds it as a major breakthrough for both developed and developing economies. The following is an excerpt of his interview with China Daily's Cui Shoufeng:
WANG GUOCHANG, former deputy director-general of the environmental protection department of Southeast China's Fujian province, who was sentenced to 10 years imprisonment for accepting bribes, has reportedly sought to copy someone else's letter of repentance while in prison. Xinkuaibao newspaper condemns Wang's absurd request, saying it shows he has no real regrets about the crimes he committed.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
