A cross-border smuggling ring using high-tech equipment to ship smartphones across the Hong Kong-Shenzhen border has been busted, marking the first of such cases.
At the invitation of Xi Jinping, general secretary of the Central Committee of the Communist Party of China and Chinese president, Kim Jongun, chairman of the Workers' Party of Korea and chairman of the State Affairs Commission of the Democratic People's Republic of Korea, made an unofficial visit to China from Sunday to Wednesday.
China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan ($63.58 billion) this year to drive high-quality development, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.
Even as US President Donald Trump encourages European leaders to support his position on setting higher tariffs against China, the bloc's leaders and academics said his administration's actions are "unwise" and will damage global free trade.
Wu Xiaohui, former chairman of Anbang Insurance Group, the Chinese insurer that owns the Waldorf Astoria New York hotel, stood trial on Wednesday on charges of fraudulently raising $10 billion and embezzlement.
The Party's leadership over deepening reform should be enhanced and improved because the tasks have become more complex and difficult, Xi Jinping, general secretary of the Communist Party of China Central Committee, said on Wednesday.
The economic result of China's internet policy is that it is the only country in the world with an indigenous social network and software industry - Tencent, Alibaba, Baidu, etc. - able to compete with the Silicon Valley giants. Despite having large markets and educated engineers, both India and Europe mostly use software from the United States and internet forums.
Editor's Note: This year marks the 40th anniversary of China's reform and opening-up policy.
Premier Li Keqiang called on the United States to work with China in solving trade friction through dialogue and negotiations, but China is fully prepared to respond to any possible trade war.
China called for World Trade Organization members to oppose the US Section 301 trade sanction investigations, saying the unilateral action is detrimental to all parties.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
