Japan's ruling and opposition parties have decided to summon Yasunori Kagoike, head of the Osaka-based education institution Moritomo Gakuen, to Diet, or Japan's parliament to answer questions on March 23.
The Beijing municipal government strengthened policies against the speculative buying of residential apartments on Friday to stabilize the housing market, including increasing the down-payment requirements for buyers of a second home from 50 percent to 60 percent of the full price.
Taiwan-based smartphone company HTC Corp announced that it will sell its land and plant in Shanghai for 630 million yuan ($91.5 million), in a strategic move to fund expansion of its fledgling virtual reality business.
Chinese railcar manufacturer CRRC Sifang America broke ground on Thursday in Chicago at a $100 million plant that will build railcars for the city's transit authority and become the company's North American hub for the assembly of railcars.
With US Secretary of State Rex Tiller son's first visit to China drawing near, hopes are high that the high-level dialogue between the world's two largest economies will produce positive results and send a reassuring signal to the outside world that China and the United States will try their best to avoid conflicts and build more common ground.
When asked about how the government will deal with ever-worsening smog at a news conference on Wednesday at the conclusion of the annual session of the National People's Congress, the top legislature, Premier Li Keqiang faced up to the severe environmental challenge China faces, saying the country should transform its development mode so that blue sky will not be a luxury.
SPEAKING TO THE MEDIA on Wednesday at the conclusion of the annual session of the country's top legislature, Premier Li Keqiang said that the government will reduce the burden of taxes and administrative fees on enterprises. Beijing News commented on Thursday:
THE STATE COUNCIL, China's Cabinet, has entrusted relevant departments to draft motions to revise the law on real estate protection amid public concerns over the 70-year land use limit for residential properties, Premier Li Keqiang said on Wednesday at a news conference. Beijing Youth Daily commented on Thursday:
AN INSPECTION by the authorities in South China's Guangdong province on Wednesday found the hygiene situation of restaurants in a number of online delivery service platforms is worrying. Beijing News commented on Thursday:
Addressing a news conference on Wednesday at the conclusion of the annual session of the National People's Congress, China's top legislature, Premier Li Keqiang reiterated China's resolve to help settle the Korean Peninsula nuclear issue through talks. Li also warned that spiraling tensions in Northeast Asia have the potential to spark a conflict, which would be detrimental to all parties involved.
With US government debts standing around $20 trillion, the Fed's decision on Wednesday to raise its benchmark interest rate to 1 percent will hardly reduce the uncertainties the world economy faces.
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