ZTO eyes building cargo fleet as its overseas business expands

ZTO Express (Cayman) Inc, the Chinese delivery service that gets most of its business from Alibaba Group Holding Ltd, is considering options such as building its own cargo fleet or purchasing a stake in an existing carrier, as it expands operations overseas.

Sugon mass-produces its most powerful cloud server

Chinese cloud computing company Sugon Information Industry Co Ltd said it has mass-produced its most powerful cloud server to date, in order to meet the rapidly increasing demand both locally and abroad.

Fed sends shock waves with rate hike schedule

The US Federal Reserve raised the benchmark interest rate by 25 basis points on Wednesday, and indicated there could be three more hikes next year. The announcement triggered immediate fluctuations in global currency, bond and stock markets.

Chinese investments benefit US

The momentum of China-US economic and trade ties is unlikely to be reversed despite the difficulties Donald Trump's election as US president has added.

Govt obligated to compensate for anguish caused by power abuse

THE FAMILY OF NIE SHUBIN asked for a State compensation of 13.91 million yuan ($2 million) on Wednesday, of which 12 million is for mental anguish and emotional distress. Nie was executed in 1995 after Hebei provincial high people's court found him guilty of rape and murder. On Dec 2, a new decision by the Supreme People's Court cleared Nie of any crime. Beijing News comments:

No avoiding accountability for past mistake

AN OFFICIAL INSPECTION TEAM assigned to double check the death toll in Typhoon Damrey that hit the Xiuyan Manchu ethnic autonomous county of Anshan in Northeast China's Liaoning province in 2012, has confirmed that the number was purposely understated by the local officials. Beijing Youth Daily commented on Thursday:

Wrong to kidnap good intentions with patriotism

HUSBAND AND WIFE, Tianqiao Chen and Chrissy Luo, donated $115 million to California Institute of Technology on Dec 6. As long as their donation can be properly used in scientific researches significant for human beings, the criticism of their "treason" is unfair and groundless, commented the Southern Metropolis Daily on Thursday.

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Trumping the global monetary system

It is difficult to know exactly what US president-elect Donald Trump will do when he takes office in January. But thanks to his vow to pursue tax cuts and increase infrastructure spending, financial markets expect faster growth in the United States - a perception that is boosting the dollar's exchange rate against most currencies, including the renminbi, and triggering capital flight from emerging economies.

Proper law will help e-bikes to lead green march

The electric bicycle we see today was invented in the 1990s, but the Chinese government, enterprises and consumers still have different views on the development and management of e-bikes. Their dispute mainly revolves around e-bikes' technical standards, storage battery pollution, safe usage and, most importantly, traffic management.

It's time to end alchemy of cheap money

After a year-long pause, the US Federal Reserve finally raised interest rates on Thursday. The glacial pace at which the Fed raises interest rates is no cause for optimism. And although the increasing disruption US president-elect Donald Trump is expected to cause around the world should make such a cautious approach a virtue, its underpinning illusion that cheap money can save the world economy from the dire consequences of the global financial crisis, which spread from the United States in 2008, has long impeded painful but necessary structural reforms.

US government being hypocritical in accusing others of war on media

Sarah Sewall, the US under secretary of state for civilian security, democracy and human rights, spoke recently of how freedom of information and freedom of the press form the bedrock for US foreign policy.