Over the past more than one year, reducing overcapacity has been one of the five main tasks of supply-side structural reform for both the central and local governments. And according to Xu Shaoshi, head of the National Development and Reform Commission, the goal of eliminating 250 million tons of coal overcapacity in 2016 has been "over-fulfilled".
Chinese tourists keep making news, sometimes for the wrong reason. Thanks to the rapid growth in their numbers, Chinese tourists are ubiquitous in many countries; what has made them even more conspicuous is their propensity to travel in groups.
According to the Stockholm International Peace Research Institute, global transfers of arms increased by 8.4 percent between 2012 and 2016 compared with the previous five years, the highest of any five-year period since the end of Cold War in the early 1990s.
Some say Donald Trump has had the "worst", "most unsettling" start to a US presidency in recent history. Some assume the traditional, courtesy honeymoon period enjoyed by each new administration has already ended.
At a recent news conference, Minister of Industry and Information Technology Miao Wei said the key to converting the old driving forces for economic development into new ones lies in properly handling the relationship between developing emerging industries and the transformation and upgrading of traditional ones.
ACCORDING TO MEDIA REPORTS, tens of thousands of packages have piled up at a delivery station of YTO Express in Beijing. The company said that the backlog was because many of its employees had not returned from their Spring Festival leave, but normal order was resumed on Saturday. Beijing News commented:
SOUTH CHINA'S GUANGXI ZHUANG AUTONOMOUS REGION was recently praised by the Ministry of Environmental Protection for managing to keep pollution at satisfactory levels during the past three years. Beijing News commented on Tuesday:
REPORTS that a local farmer in Chun'an county in Hangzhou, East China's Zhejiang province, has been detained and is likely to face a prison sentence for catching 114 toads has caused a stir. Beijing News commented on Tuesday:
The USS Carl Vinson Nimitz-class carrier strike group has begun patrolling the South China Sea, proving the speculation over the past few days was true. On Feb 12, the US Navy Times reported that the United States Navy was planning to dispatch warships to the South China Sea for "freedom of navigation" operations - in a move apparently meant to challenge China's sovereignty claims over some islands and reefs in those waters.
Car-sharing services provided by companies such as Gofun Chuxing launched by Beijing Shouqi Group and Car2go under the automobile giant Daimler AG are striving for a place in China's burgeoning sharing economy. But they will encounter disappointment unless they avoid or remove the costly speed bumps ahead.
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