The plunge of shares on Tuesday, which sent major domestic indexes to a 14-month low, should galvanize policymakers' resolve to arrest the dangerous and persistent pessimism about the Chinese mainland's stock markets.
IT HAS BEEN suggested by some that the anti-corruption campaign has contributed to the slowing of the Chinese economy, and instead of curbing corruption it is only necessary to keep it within a "reasonable limit" as this will help stimulate the economy. That's nonsense because sustainable prosperity can never be based on corruption, said China Youth Daily on Tuesday:
MEMBERS OF the Guangdong provincial committee of the Chinese People's Political Consultative Conference, the province's main political advisory body, reportedly used props, including scarves and banners with images of popular television figures, to seek a chance to improvise a short speech during a recent routine meeting. Beijing News spoke highly of these political advisors' enthusiasm for participating in local public affairs and urged the relevant authorities to respond to their concerns and improve the advisory channels:
THE EXCHANGE rate of the Chinese currency has been relatively volatile recently. This should be viewed from a longer-term perspective and put in the larger context of China's market-based financial reforms, says Xinhua News Agency:
By now, it's an all-too-familiar drill. After an extended period of extraordinary monetary accommodation, the US Federal Reserve has begun the long march back to normalization. It has now taken the first step toward returning its benchmark policy interest rate - the federal funds rate - to a level that imparts neither stimulus nor restraint to the US economy.
Scientists estimate that there are more than 400,000 species of plants on earth, at least half of which are edible for humans. Indeed, it is entirely possible that we are capable of eating 300,000 plant species. And yet we consume just a tiny fraction of that, about 200 plant species. Remarkably, a mere three crops - maize, rice, and wheat - account for more than half of the calories and proteins that we derive from plants.
As we undergo the fourth industrial revolution, companies are uniquely positioned to partner with governments to address some of the world's greatest challenges. Urbanization continues to spread globally, with 70 percent of the world's population expected to live in cities by 2030. This trend brings with it the urgent need for more efficient use of energy, cleaner energy generation and effective energy storage. While the public-sector must lead, it should work closely with the private-sector to rapidly implement best policies, programs and projects that will improve urban efficiency and sustainability.
A number of countries have fallen victim to terrorist attacks recently, pointing to the cruelty of extremists and the importance of maintaining high vigilance against terrorism worldwide.
The warning that China's finance minister recently made against subsidy-related fraud may sound harsh to domestic new-energy vehicle producers who have relied heavily on such government funds to kick-start a domestic boom of green cars.
Besides concerns over whether decision-makers can resolve the widening gap between the country's pension account and its ageing population, people are also worried about whether the government can provide adequate public care facilities for the elderly.
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