Vanguard's local market entry strengthens mutual fund sector

US-based investment company Vanguard Group Inc launched its wholly foreign-owned enterprise in the China (Shanghai) Free Trade Zone on Thursday.

IN BRIEF (Page 6)

SF speeds up global expansion

SF Holding Ltd said on Friday it is speeding up its global expansion. It has firmed up plans to set up a joint venture with international delivery behemoth UPS Parcel Delivery Service Ltd.

Report says State enterprises must beef up cybersecurity

State-owned enterprises participating in the Belt and Road Initiative and with overseas operations need to enhance their cybersecurity immediately in the wake of mounting threats to online data, a report released by the 360 Threat Intelligence Center on Friday said.

Alibaba leads $1b funding for Ele.me

HONG KONG - Alibaba Group Holding Ltd plans to lead an investment round of at least $1 billion in Ele.me, one of the largest players in China's food-delivery service sector.

US navigation game not good for better relations

So, again, a US Navy warship conducted a "freedom of navigation operation" close to a Chinese reef in the South China Sea. Such navigation in itself is worth no fuss, even if it is a first since Donald Trump assumed the US presidency.

Hard to know Moody's mood

On Wednesday, Moody's Investors Service downgraded China's sovereign credit rating from Aa3 to A1, the first time in nearly 30 years, saying China's financial strength could erode in the coming years as its growth slows and debt continues to rise.

Airports can avoid confusion by strictly following aviation rules

CHINESE PASSENGERS are allowed to use their passports, instead of identity cards, to book and board domestic flights, the Civil Aviation Administration of China said on Tuesday. The statement came in response to some reports that said, at several airports passengers are also required to present their IDs while boarding a domestic flight even if they had booked tickets using their passports. Legal Daily commented on Thursday:

Crack down on import of toxic waste

WHEN CUSTOMS OFFICIALS IN WENZHOU, Zhejiang province, checked six containers that had been imported on Tuesday, they found carbon residue from aluminum electrolytic capacitors, which are typically used in power supply equipment and converters. In total, the officials found 42 containers with 1,075 metric tons of carbon waste. Legal Daily comments:

Manual workers deserve the high wages they get

DATA ON AN employment exchange website show the average monthly income of construction workers in Chengdu, Sichuan province, was 8,300 yuan ($1,210) last year, with skilled bar benders, bricklayers, carpenters and painters earning more than 10,000 yuan. In contrast, the average monthly salary of clerks and secretaries was about 3,800 yuan. An article on youth.cn comments:

Cartoon

Time US embraced a multipolar world order

The Belt and Road Forum for International Cooperation, which concluded on May 15, was attended by representatives of both developed and developing economies, from the United States to Moldova. Washington's participation in the forum, however, is seen as a "sharp shift" in US foreign policy by some US scholars and strategists, who argue that the Belt and Road Initiative will grant China a bigger say in international rule-making at the expense of the United States.