SOME MAINLAND RESIDENTS are buying insurance in the Hong Kong Special Administrative Region as a kind of investment to evade the central government's foreign exchange controls.
When we talk about the health of an economy, we focus on macroeconomics, which deals with the performance, structure, behavior and decision-making process that deal with the growth, inflation and employment (or unemployment). We also take into consideration microeconomics that studies the behaviors of individuals and enterprises in deciding the allocation of resources, as well as the effects of a country's economic policies. Amid all this economics jargon (for lay individuals), the role of the informal economy gets lost.
When new British Prime Minister Theresa May's government surprised everyone by announcing it was reviewing Chinese-backed plans to build a French-designed nuclear power plant in western England, many assumed it was over fears of too much Chinese involvement in the sensitive area of nuclear energy.
POLICE OFFICERS in Northeast China's Liaoning province recently seized more than 6,000 kilograms of food containing industrial gelatin that had been sold to more than 1,000 businesses or shops. Industrial gelatin is banned for use in food as it may contain high levels of heavy metals that are harmful to health. Beijing Youth Daily commented on Wednesday:
The Supreme People's Court issued two judicial interpretive documents on Monday on how the courts should handle maritime cases.
Didi Chuxing and Uber China, the two biggest app-based ride-hailing service providers in China, have made huge losses in the past two years because of the subsidies they have provided drivers and customers in their competition for market share.
Europe has been suffering, not only because of a slowing economy but also at the hands of terrorism. It has been rocked by terrorist attacks, from the Charlie Hebdo shootings in Paris in January 2015 to the Brussels airport attacks and the massacre in Nice this year. But perhaps far more worrying than the terrorist attacks is the fact that many, if not most, of the attackers grew up in Europe.
THE POPULATION and family planning commission in South China's Guangdong province announced on Tuesday that people who have remarried will be allowed to have a second child after a couple were put under job pressure because of pregnancy. Beijing Youth Daily commented on Wednesday:
The defense white paper issued by Japan on Tuesday goes to great lengths to play up what it portrays as China's military threat to the region and tries to depict China as a violator of international laws.
China and the United Kingdom were due to sign contracts on Friday for their cooperation on the construction of the UK's planned new nuclear power plant, but the UK government suddenly announced it would make a decision in the autumn on whether the Hinkley Point C nuclear power plant would go ahead.
DIDI CHUXING has agreed to acquire the Chinese operations of its rival Uber China, putting an end to the costly battle in the Chinese ride-hailing market. Beijing News commented on Tuesday:
BEIJING, Shanghai and Guangzhou, the three major metropolises of China, have published their population data for the first half of the year. The number of residents in central Beijing decreased, while the growth rate in Guangzhou slowed. It is mainly poorer residents that are moving out of the metropolises. Beijing Youth Daily comments:
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
