Shared parking app needs policy support

Parking has become a big problem for car owners in cities. According to a "White Paper on Parking Industry Development", prepared by Tsinghua Tongheng Urban Planning& Design Institute in June, the ratio of cars to parking space in China is 2:1, and the parking sector should be worth 17 trillion yuan ($2.55 trillion) to meet most of the needs.

India's trespassing justifications invalid

Calling Donglang a disputed area in spite of the consensus between China and Bhutan makes no sense at all, and India doing so does not justify the trespassing of its troops in the area. Apparently some Indian hardliners think creating the border dispute will help secure the "chicken's neck", the narrow corridor linking the Indian mainland to its northeastern states, as well as its regional dominance.

Will Japan ever look into the mirror and atone for its war past?

Summer is the time when Japan observes the anniversary of its sufferings during the last year of World War II and its surrender on Aug 15, 1945, which it describes as "the end of war".

$25b projects, bonds to sustain growth

China approved big-ticket investments for 22 fixed-asset projects in July, up from 11 in June, and launched new bonds in an attempt to maintain stable economic growth, the National Development and Reform Commission said on Friday.

CSIC swaps debt for equity in two of its subsidiaries

China Shipbuilding Industry Corp, one of the Chinese Navy's biggest contractors, announced debt-to-equity swaps which will see eight investors picking up stakes in two of its unlisted subsidiaries for an estimated 22 billion yuan ($3.27 billion).

Property market continues to cool as summer slack sets in

China's buoyant property market showed further signs of cooling down, according to official data which were released on Friday.

CBRC: Risks under control

The economic risk of "moving from real to virtual" has been preliminarily contained in China, according to the country's banking regulator.

IN BRIEF (Page 6)

Chinalco's H1 shines bright on sales surge

Aluminum Corp of China, the country's largest nonferrous metals company, announced its best half-year performance in nine years, riding a surge in commodity prices.

Lenovo computes hefty losses, as sluggish PCs hurt

China's giant personal computer maker Lenovo Group Ltd posted a quarterly loss on Friday - blaming higher costs and sluggish sales in the personal computer and smartphone market.

IPO vetoes by watchdog soar

China's securities regulator has refused 46 A-share initial public offering applications this year, exceeding the total amount for the previous four years, a move to promote the reform of the registration-based IPO system and guarantee steady development of the stock market.

Beijing, Manila show the way to sea of tranquility

One needs to look no further back than a couple of years ago, when China and the Philippines were deeply mired in distrust and rancor, to appreciate how territorial disputes improperly handled can become a major source of antagonism between countries.