Wider financial opening-up shows confidence in abilities

AT A NEWS CONFERENCE in Beijing on Friday, China's vice-finance minister said that China will increase the share ceiling for foreign investments in securities, capital, futures and asset management companies from 25 percent to 51 percent, and abolish the upper limit in three years. Beijing Youth Daily comments:

Founders often give firms short life spans

ACCORDING TO ONE VETERAN ENTREPRENEUR, the average "shelf life" of a Chinese enterprise is about five to eight years, meaning that entrepreneurs must strive to improve their management as early as possible to break that cycle. Beijing Youth Daily commented on Monday:

Sales records marred by too many gripes

THIS YEAR'S NOV 11 annual online shopping spree has ended, and one e-commerce platform after another has announced their sales reached record-high. Yet behind that there is hidden risk, comments Beijing News:

Hot words

China-ASEAN community of shared future

Cartoon

Xi-Trump talks will strengthen ties

US President Donald Trump will conclude his extended visit to Asia on Tuesday, during which he has visited Japan, the Republic of Korea, China, Vietnam and the Philippines. But of all the countries on his itinerary, his three-day visit to China has been the highlight of his first trip to Asia as US president.

Transforming from imitators to innovators

E-commerce and e-payment, two of the "four new inventions of China", reached a new peak this year as the Singles Day sales on Nov 11 reached 253.97 billion yuan ($38.2 billion). China's "new inventions" can be more accurately described as "innovations", because there have been similar inventions in foreign countries before.

Financial sector reforms get a shot in the arm

Two recent but separate developments show the Chinese authorities' resolve to expedite measures to curb financial risks after the 19th National Congress of the Communist Party of China.

EU could take a leaf out of China's book on diplomacy

This time last year, as the world was coming to terms with Donald Trump winning the US presidential election, Europeans and Chinese worried about the president-elect's provocative rhetoric and what he would do in office.

APEC leaders must now add substance to vision for growth

Despite the lackluster global economic recovery, the Asia-Pacific has remained the world's most economically dynamic region and the main engine of global growth.

Ballast for long-term growth

Premier Li Keqiang commented on the important role consumption plays in driving China's economic growth at a recent meeting with economic experts and entrepreneurs.

Singles Day sales record shows vitality of domestic consumption

SATURDAY MARKED the annual Nov 11 online shopping sales. The total amount generated in the sales this year is not yet known, but it will definitely set a record because within 13 hours it had exceeded 120.7 billion yuan ($18.1 billion), the total for the whole day last year. The Economic Observer comments: