CRRC breaks ground at $100m US railcar factory

Chinese railcar manufacturer CRRC Sifang America broke ground on Thursday in Chicago at a $100 million plant that will build railcars for the city's transit authority and become the company's North American hub for the assembly of railcars.

Tillerson talks can help to stabilize relations

With US Secretary of State Rex Tiller son's first visit to China drawing near, hopes are high that the high-level dialogue between the world's two largest economies will produce positive results and send a reassuring signal to the outside world that China and the United States will try their best to avoid conflicts and build more common ground.

Blue sky shouldn't be a luxury

When asked about how the government will deal with ever-worsening smog at a news conference on Wednesday at the conclusion of the annual session of the National People's Congress, the top legislature, Premier Li Keqiang faced up to the severe environmental challenge China faces, saying the country should transform its development mode so that blue sky will not be a luxury.

Cuts in taxes and fees for enterprises a positive and helpful policy choice

SPEAKING TO THE MEDIA on Wednesday at the conclusion of the annual session of the country's top legislature, Premier Li Keqiang said that the government will reduce the burden of taxes and administrative fees on enterprises. Beijing News commented on Thursday:

Land use reassurance for worried homeowners

THE STATE COUNCIL, China's Cabinet, has entrusted relevant departments to draft motions to revise the law on real estate protection amid public concerns over the 70-year land use limit for residential properties, Premier Li Keqiang said on Wednesday at a news conference. Beijing Youth Daily commented on Thursday:

Unsavory state of online food delivery sector

AN INSPECTION by the authorities in South China's Guangdong province on Wednesday found the hygiene situation of restaurants in a number of online delivery service platforms is worrying. Beijing News commented on Thursday:

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Peninsula issue requires deft handling

Addressing a news conference on Wednesday at the conclusion of the annual session of the National People's Congress, China's top legislature, Premier Li Keqiang reiterated China's resolve to help settle the Korean Peninsula nuclear issue through talks. Li also warned that spiraling tensions in Northeast Asia have the potential to spark a conflict, which would be detrimental to all parties involved.

Brace for global economy to hit iceberg of US debt

With US government debts standing around $20 trillion, the Fed's decision on Wednesday to raise its benchmark interest rate to 1 percent will hardly reduce the uncertainties the world economy faces.

Regional integration more useful than TPP

Speculations over China possibly joining the Trans-Pacific Partnership agreement, which the United States withdrew from in January, have finally been laid to rest. On China's role in free trade following the US' exit from the TPP, Premier Li Keqiang said at a news conference on Wednesday that China is committed to promoting free trade through regional economic frameworks.

Blaming China will not help solve the US' economic woes

Speaking in Michigan on Wednesday afternoon, US President Donald Trump continued to blame the North American Free Trade Agreement for the loss of nearly a third of US manufacturing jobs and China for the loss of 60,000 factories since China's accession to the World Trade Organization.

China's all-inclusive vision for boosting global growth

Defending globalization at the World Economic Forum in January, President Xi Jinping accentuated that the Belt and Road Initiative, which he proposed in 2013, is China's answer to problems frustrating globalization.