Premier Li Keqiang's visit to Australia and New Zealand from March 22 to 29 was the first by a Chinese premier in 11 years. Amid increasing geopolitical changes and challenges, his visit to the two countries showed China's commitment to the liberalization of trade and investment, as well as its efforts to march toward a regional free trade pact with other economies in the region.
The emergence of the Asian Infrastructure Investment Bank has had two major global implications. The first is in terms of additional availability of finance for regional infrastructure development. Traditional financial institutions such as the International Monetary Fund, World Bank, Asian Development Bank and the African Development Bank have been funding multiple development projects in many countries.
The Republic of Korea has complained to the World Trade Organization about China's "countermeasures" in tourism and business for Seoul's decision to deploy the Terminal High Altitude Area Defense anti-missile system in the ROK.
China's cellphone shipments increased to 560 millions last year, up 8 percent year-on-year, according to data from the China Academy of Information and Communications Technology.
The visit to Taiwan by Japanese senior vice-minister of internal affairs and communications on Saturday was provocative and breaches the commitment made by Japan to interact with Taiwan only at nongovernmental and local levels.
China's major industrial enterprises registered a profit growth of 31.5 percent year-on-year in the first two months of this year, 29.2 percentage points higher than the growth in December, data from the National Bureau of Statistics indicate.
ON SUNDAY, the Beijing municipal government further regulated the market for commercial properties, prohibiting developers from selling such properties under construction to individuals. Banks have also been instructed to suspend the issuing of loans to individuals who have signed contracts to buy already constructed buildings for business use. Beijing Youth Daily comments:
THE DEATH OF A MAN at Nanjing Railway Station on Sunday shows the heavy price that may be paid by those seeking to cut corners. Beijing Youth Daily comments:
TSINGHUA UNIVERSITY has announced that starting from this year, its students will not be given graduation certificate upon graduation without having learned the skill to swim. Beijing Youth Daily commented on Tuesday:
Editor's note: Following is an English version of the full text of the keynote speech by Chinese Vice-Premier ZhangGaoli at the opening plenary of the Boao Forum for Asia Annual Conference 2017 on March 25: Work Together to Advance Economic Globalization and Create a Better Future for Asia and the World.
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