Although the cost of borrowing renminbi overnight in Hong Kong retreated sharply from the recent high level on Friday, treasury market analysts predicted that lingering tight borrowing costs of offshore yuan will push up interest rates of renminbi term deposits in the city.
Venture capital investments in Asia's tech sector this year are expected to be double that of 2016, with China accounting for the major part, according to a report by CB Insights, a venture capital research and data firm.
The US military reportedly launched a ground-based interceptor from Vandenberg Air Force Base in California on Tuesday that successfully intercepted an intercontinental ballistic missile target fired from the Reagan Test Site in the Marshall Islands.
With the world facing multiple uncertainties and new challenges, closer and stronger ties between China and European countries cater not only to their mutual interests but also benefit the world at large.
ON THURSDAY, the State Grid Corporation of China, the national electricity supply monopoly, canceled the urban utilities surcharge it had been levying. Beijing Youth Daily comments:
TWO WOMEN posted a short video they made at home last week, which showed them supposedly spinning cotton into dried meat floss and alleging that the video was shot in a pastry shop in their neighborhood in Qingdao, East China's Shandong province. Beijing Youth Daily comments:
AN INCREASING NUMBER OF CAR-HAILING DRIVERS in Guangzhou, South China's Guangdong province, are quitting their job following the full implementation of regulations for ride-sharing services, according to reports. China Youth Daily commented on Thursday:
The official launch of the China-funded and built standard gauge railway in Kenya on Wednesday, which links its port city of Mombasa with the capital Nairobi, marks the beginning of a new era for the East African country's industrialization and economic development.
While it gained a bumper economic harvest for the United States in the Middle East, the first overseas trip by Donald Trump as the US president seems to have widened an already-existing schism with his country's European allies.
KONG LINGHUI, A FORMER OLYMPIC TABLE TENNIS CHAMPION and head coach of the Chinese national women's table tennis team, has been suspended after he was sued by a Singaporean casino, which is seeking to recover about 4.9 million yuan ($715,000) in gambling debts. Beijing News comments:
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
