Reserves no cause for concern

China's foreign exchange reserves dropped to $2.99 trillion in January, falling below the $3 trillion level for the first time since early 2011.

Tighter monetary policy would help stop speculation by SOEs

AS EARLY AS 2010, the State-owned Assets Supervision and Administration Commission issued a document that required the majority of State-owned enterprises under the supervision of the central government to exit from the real estate sector. However, seven years have passed and SOEs are increasingly active in the realty market. Beijing News comments:

Phasing out subsidies puts green cars on right track

THE CENTRAL GOVERNMENT has said it will cut subsidies to new energy vehicles by 20 percent this year from 2016 levels, and urged local governments not to offer subsidies that exceed 50 percent of those provided by the central government. Changjiang Daily commented on Wednesday:

Capital cities mustn't grow as parasites

THE MUNICIPAL government of Jinan, East China's Shandong province, not satisfied with the city's status as provincial capital, recently called on the entire province to give the city more support in order to make it the leading city in the province in terms of GDP as well. Beijing News commented on Wednesday:

Hot words

Ecological red lines

Cartoon

China's role in building an open world

What can the world expect from China amid the increasing uncertainties facing globalization?

A song to celebrate spring and suit winter

Even the most ambitious people can hardly match the talk of a Fire Rooster.

Reform can reduce study burden of pupils

Winter vacation has become the third semester for students of primary and middle schools in cities. A Chinese Society of Education survey shows Chinese parents have invested more than 800 billion yuan ($116.5 billion) in primary and middle school students' extracurricular classes. And many people believe students are overburdened by studies during vacations because of parents who make irrational choices and institutions that offer extracurricular classes only to make profits.

Boost consumption growth by fostering innovative ideas

With consumption already contributing to about two-thirds of China's GDP growth, it is not surprising to see a huge shopping spree before and during Spring Festival, the single most important holiday for Chinese.

China's power as a global investor also benefits US

Some petty-minded people ruin their own opportunities by viewing their potential partners as being as mercantilistic as themselves. This is the way in which some trade war warriors in the United States see their country's trade relations with China.

'Green card' system still young

The Ministry of Public Security reportedly granted 1,576 foreigners permanent residence in 2016, up 163 percent on the previous year.