For more than a year, headlines worldwide have been pointing to a Chinese economic slowdown. But a closer look at regional dynamics within China tells a different story - one that is less about deceleration than changing gears.
As Philippine President Rodrigo Duterte's special envoy, Fidel Ramos has become an icebreaker in Sino-Philippine relations. Former Philippine president Ramos' recent visit to Hong Kong to meet with "Chinese friends", including senior diplomat Fu Ying, is a good start to ease the tensions after an arbitral tribunal ruled in favor of Manila in a South China Sea dispute with Beijing last month.
China recently said it would turn about 1,000 towns into dynamic environmental, cultural and economic hubs by 2020, which would create innumerable new jobs and give rise to new communities.
Australia has been a favorite destination for Chinese investors because of its abundant resources and geographic proximity to China. But since the mid-2000s Australia has rejected a number of Chinese investments - some because of procedural rules, others on national security grounds. In response, Chinese companies have been studying their potential targets in detail to avoid a clash of interests with the host government.
By beating the Serbian team in the Rio Olympics' volleyball final on Sunday, the Chinese women's team grabbed perhaps the last gold medal for the country. But equally importantly, the team regained the spirit to strive for higher goals despite oddssimilar to the Olympic motto of faster, higher and strongerwhich many believe had been lacking for quite some time.
A 32-YEAR-OLD COLLEGE LECTURER in Lanzhou, capital of Northwest China's Gansu province, who died of ovarian cancer recently, had been fired while she was away for medical treatment. Gmw.com commented on Saturday:
CHINA HAS DECIDED TO carry out a pilot employee stock ownership project in some State-owned enterprises this year which will allow eligible employees to buy a certain amount of company stocks, according to a guideline issued by the State-Owned Assets Supervision and Administration Commission of the State Council, the country's top SOE watchdog, on Thursday. Beijing Youth Daily commented on Friday:
SOME FISHERMEN in North China's Shanxi province fished out from a river the body of a woman who had apparently drowned in an upstream county in neighboring Shaanxi province. But they refused to hand over the body to the family members unless they were paid 100,000 yuan ($15,000). Gmw.com commented on Friday:
The lingering effects of the 2008 financial crisis still prevent the global economy from returning to its normal track. The recovery remains both slow and weak, and is full of uncertainties. The risks of further economic slowdown remain, and the financial markets continue to be tumultuous. Trade and investment protectionism is on the increase, and economic development is unbalanced. According to the latest World Bank report, the 2016 global growth forecast has been scaled down from 2.9 percent in January to 2.4 percent in June.
The United States has won the highest number of medals at the Rio Olympic Games. The consistent performance of the US at the Olympics through the years should give other countries reason to reflect what they should do to improve their performance at the next games.
'It breaks my heart and I wish somebody would do something about it," said golden boy Michael Phelps almost two weeks ago. He was referring to the use of drugs, performance-enhancing drugs, in sports.
Aug 6 and 9 are days of mourning for Hiroshima and Nagasaki. On Aug 6, 1945, the United States dropped an atomic bomb on Hiroshima. Three days later, it dropped a second one on Nagasaki. Japan surrendered in World War II on Aug 15.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
