Japanese Prime Minister Shinzo Abe reshuffled his cabinet on Aug 3, the third time since taking office in 2012, but most senior Cabinet figures including Finance Minister Taro Aso, Chief Cabinet Secretary Yoshihide Suga and Foreign Minister Fumio Kishida retain their posts.
At the eighth China-US Strategic and Economic Dialogue in Beijing in June, a dispute over steel trade became a very thorny issue. China is now the biggest steel producer and exporter in the world, with its crude steel production capacity being 1.13 billion tons, which accounts for nearly half of the world's total. US Under Secretary of Treasury Nathan Sheets alleged China's excess steel capacity was having a huge impact on the United States, Europe and other markets. And US Secretary of Commerce Penny Pritzker has levied an astonishingly high tariff of 522.2 percent on Chinese steel.
As China presses ahead with supply-side structural reform to boost the tertiary industry and improve people's livelihoods, eldercare has become a potentially profitable business and a key factor promoting social harmony.
In response to questions about its "political" contribution to Clinton Foundation, Alibaba Group has said it donated $250,000 to the foundation in 2005 for the treatment and care of HIV/AIDS patients in developing countries.
Congratulations, and many thanks to Rio de Janeiro, for the innovatively choreographed and beautifully executed opening ceremony for the Olympic Games, which was mesmerizing, inspiring, and thoroughly entertaining.
British Prime Minister Theresa May is displaying a different governance approach from her predecessor David Cameron, as indicated by her decision to halt some economic programs initiated by previous government. For instance, her decision to review the building of the Hinkley Point C nuclear power plant.
A REPORT POSTED ONLINE by Badong County Soil and Water Conservation Bureau criticized No. 11 Engineering Group of China Railway Construction Corporation for leaving the spoil at both ends of a high-speed railway tunnel it has constructed in Badong county in Central China's Hubei province. In response, the engineering group reportedly assigned employees to post anonymous comments attacking the report for being "inaccurate and biased". Southern Metropolis Daily commented on Saturday:
THERE HAS BEEN SOME SPECULATION that a cut in interest rates and the deposit reserve ratio may be made to stimulate economy, but Changjiang Daily rules out the possibly:
THE GOVERNMENT in Shenzhen in South China's Guangdong province has decided to introduce more lawyers to work with its urban management officers. About 80 percent of its urban management divisions are expected to have a lawyer by the end of this year. Beijing News commented on Sunday:
Against the backdrop of the weak global economic recovery and political uncertainties worldwide, people are hoping the Group of 20, accounting for up to 85 percent of the world economy, will show leadership in global governance and seek to promote economic growth.
Ever since Donald Trump declared himself as a Republican presidential candidate, he has been subjected to fierce, even vitriolic critique. He has been seen as a misogynist, isolationist, xenophobic, anti-Muslim and a neophyte in understanding the complexities of economics. And yet he has beaten the odds to become the Republican presidential nominee. We may not like him, but we cannot escape asking ourselves: How did he do it?
Hong Kong student activists Joshua Wong Chi-fung and Alex Chow Yong-kang have been convicted for unlawful assembly and Nathan Law Kwun-chung for incitement over the storming of government headquarters on Sept 26, 2014, the prelude to the illegal "Occupy Central" movement that disrupted normal life in the city for more than 79 days.
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Raymond Zhou
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