A new area of opportunities that calls for deeper reforms

In the lexicon of Chinese authorities, only matters of extremely vital and long-lasting impacts, such as national education, qualify as being of "centennial" significance.

E-traders need tax incentives

At a recent meeting co-chaired by the State Administration of Taxation and the All-China Federation of Industry and Commerce aimed at deepening the country's tax reform to boost the development of private enterprises, Liu Qiangdong, CEO of JD.com, China's second-largest e-commerce company, called for small e-commerce companies to be granted the same preferential tax reductions or exemptions as those given to small - and micro-sized enterprises.

Court's ruling shows even govts are subject to the rule of law

ON FRIDAY, the printed judgment of a local court in East China's Jiangxi province was widely circulated online. According to the court, the local government of Fengxin county failed to pay a local construction company 320 million yuan ($46.5 million); as a result it has been put on the official list of "dishonest debtors" and its leading officials are no longer able to take flights or high-speed railways. An editorial on thepaper.cn comments:

Companies do not need to be family affairs

CAO DEWANG, founder and chairman of Fuyao Glass Industry Group, said during a recent interview that he is making efforts to persuade his son to take over his job in the coming year, but the latter has shown little interest in running the leading manufacturer of automotive and industrial glass. Beijing News commented on Monday:

Illegal eateries must be closed to protect lake

THE LOCAL AUTHORITIES in Dali, Southwest China's Yunnan province, should be aware that any leniency they show the illegal restaurants and guesthouses around Erhai Lake will lead to various forms of waste being discharged into the nation's seventh largest freshwater lake. Beijing Youth Daily comments:

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Building a new type of Sino-US relationship

During his meeting with President Xi Jinping last month, US Secretary of State Rex Tillerson conveyed US President Donald Trump's wish to forge China-US relations for the next 50 years. More important, Tillerson said bilateral ties should be based on the principles of "no conflict, no confrontation, mutual respect and win-win cooperation". The principles are part of the "new type of major-country relationship" Xi proposed to former US president Barack Obama as the future paradigm of China-US ties at their meeting in Sunnylands, California, in 2013.

Xiongan a new growth pole for China

On April 1, the Central Committee of the Communist Party of China and the State Council, China's Cabinet, jointly announced the Xiongan New Area will be established in Hebei province. The new zone, located about 100 kilometers south of Beijing, will house the offices and facilities that are not related to the capital, and thus offload some of Beijing's "non-capital functions". It will also create a new model of optimized development in densely populated areas and restructure the urban layout of the Beijing-Tianjin-Hebei region.

Managing economic development as well as risks

Despite China's slower but more sustainable growth path, economic growth remains high by global standards as the country's population ages and the economy re-balances from investment to consumption and from manufacturing to services.

Finland, Switzerland apt models for research, innovation

In three months, President Xi Jinping has traveled to Europe twice. Following his trip to Davos to attend the World Economic Forum and a state visit to Switzerland in January, Xi reached Finland on Tuesday before flying to the United States for his first meeting with US President Donald Trump.

As local market gets tough, world is China startups' oyster

Severe competition and presence of local giants in the domestic market has pushed smaller Chinese app developers to chase success in overseas markets.

Chinese touch key to the success of English product

While some Chinese companies are keen on acquiring technologies from developed countries, Wang Jialiang's high-tech startup survived by providing innovative products for the developed markets.