Asian economies are sailing in choppy waters, facing severe headwinds from an uncertain and challenging global environment, but the region also has strong points in favor.
The Chinese society is aging at an unprecedented rate. The number of people aged 60 or above reached more than 220 million at the end of 2015, accounting for close to 16 percent of the country's population. The figure is expected to increase to 25 percent by 2030. The elderly population is expected to grow to 500 million, larger than the entire population of the United States, by 2050.
Yet another example of political hallucination masquerading as intellectual expression has emerged in Hong Kong recently in the form of a suggestion that the special administrative region should become an overseas territory of the United States.
The killing of a dentist by his patient on Friday in Guangzhou, South China, is intolerable, and many local residents gathered in the city's Hero Square to mourn him on Saturday and express their anger at such violence.
ZHANGBEI, a small county in North China's Hebei province, recently began charging 50 yuan ($7.7) per person for using a provincial road that connects several local attractions. The cost of using the road may well be more than the toll to use an expressway, as everyone in a car will have to pay. Beijing News commented on Sunday:
LAND OWNED BY THE STATE-OWNED Guangzhou iron and Steel Enterprises Group in South China's Guangdong province, which has been sold to local property developers for more than 27.7 billion yuan ($4.2 billion), reportedly still contains heavy metal pollutants in the soil. Beijing News commented on Saturday:
A COLLEGE GIRL in Southwest China's Sichuan province was criticized for not offering her seat on a train to an 80-year-old woman who had a standing only ticket. Southern Metropolis Daily commented on Saturday:
Corruption is perhaps as old as human civilization. But with steadily growing population, accelerating economic activities, and intensification of global inequalities, it has become more commonplace and pervasive. Alan Greenspan, former chairman of the US Federal Reserve, has said: "Corruption, embezzlement and fraud are all characteristics that exist everywhere! It is regrettably the way human nature functions, whether we like it or not".
In advance of the G7 summit, which the island nation will host this month, Japan is increasing its efforts to interfere in the South China Sea issue.
With the Philippines set to elect a new president on Monday, the international community is waiting to see whether the new government takes measures to improve Beijing-Manila ties, which have been plagued by rising tensions over the maritime dispute between the two sides in the South China Sea.
Mounting debts at State-owned China Railway Corp Group have sparked calls to split up the country's main railway service provider. A railway expert said on Friday the central government should divide the CRC into several regional companies with a shareholding structure to maintain a healthy growth.
Sales of expensive precious metal and natural gem jewelry have dropped, but those embedded into wearables or smart devices are becoming increasingly popular, according to traders and experts attending the Shanghai International Jewelry Expo 2016 this week.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
