Bannon's self-declared war is over

The war is over for former White House chief strategist Steve Bannon. The political combatant has won major battles but lost his self-declared war. Being forced to hear the line "you're fired" and leave his last stronghold in Washington after his removal from the National Security Council in April, this advisor to the US president has been banished from the inner circle by the trend of history.

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New world order is the inevitable trend

After decades of turbulence, the world order led by the United States has begun to change, with the 2008 global financial crisis possibly being the turning point and this year signaling a new beginning.

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.