The international community is keeping a close eye on the Korean Peninsula situation as Republic of Korea President Moon Jae-in pays a four-day state visit to China, especially because Pyongyang's Korean Central News Agency termed the just concluded US-ROK military drill a "projected war rehearsal" that will push the already acute situation on the peninsula to "the brink of nuclear war".
Beijing has never conceded and will not yield an inch on Taiwan being part of China. It is a matter that leaves no room for negotiation.
In a vote of confidence in economic growth and job gains, the US Federal Reserve on Wednesday raised its key interest rate by a quarter of a percentage point to a range of 1.25 percent to 1.50 percent. It was the third time this year the Fed has raised the rate, and it projects three more increases next year.
WITHOUT NAMING CHINA, the United States, European Union and Japan criticized overcapacity issues at the 11th ministerial-level meeting of the World Trade Organization in Buenos Aires, Argentina, earlier this week. The US also officially notified the WTO that it does not recognize China's market economy status. Song Guoyou, deputy director of the Center for American Studies of Fudan University, commented in an article published by the Global Times on Thursday:
AN ELECTRIC BICYCLE BATTERY that was being recharged caught fire and caused a blaze that killed five people and injured nine others on Wednesday. Beijing News comments:
LIAONING PROVINCIAL Department of Human Resources and Social Security recently said that employers do not need to pay their employees overtime if they work extra hours without being asked. Beijing News comments:
China's economy has reached a new phase of transformation, and now focuses on high-quality development instead of following the high-speed growth model. This transformation and upgrading of the Chinese economy will benefit both China and the world.
I am thinking about the advantages and benefits for cities that have twined with Beijing, an imperial city at the foot of the Great Wall and a city that has seen phenomenal growth.
Editor's Note: The Center for China and Globalization, a Beijing-based think tank, recently organized a seminar on the impact of the US tax reduction bill on other economies. Following are excerpts from the speeches delivered by three participants:
There have been many stories in US news media lately about how China's ban on foreign waste has caused recycling chaos in their country.
It has been said that history is little more than the register of the crimes, follies and misfortunes of mankind. But there is a reason for that, since looking back it can usually be seen that, however complex or obscure their causes, the events are usually the result of similar fervors.